9.18% decline in consumption based funds
Due to the ongoing decline in the stock market since October, not only stock investors have lost lakhs of crores of rupees but the wealth of mutual fund investors has also been destroyed. Yes, in the last one month all categories of the mutual fund industry have given negative average returns. 22 equity funds included in these categories have given negative returns ranging from 0.82% to 12.42% in the last one month period. Among these, SBI Automotive Opportunities Fund was the fund which has recorded the maximum decline of 12.42% in the last one month.
9.18% decline in consumption based funds
The portfolios of mutual fund investors have been almost ruined amid the long-running heavy decline in the stock market. However, there was tremendous bullishness seen in the market today but in the end the big gain turned into a minor gain. Consumption based funds recorded a loss of 9.18% during the last one month. During this period, there has been a decline of 8.50 percent in Energy and Power Funds, 8.49 percent in PSU Funds, 8.29 percent in Infra Funds, 7.98 percent in MNC Funds, 7.87 percent in Thematic Funds, 7.73 percent in Mid Cap Funds.
International funds saw the lowest decline of 0.82 percent.
Apart from these, in the last one month the fall in Large & Mid Cap Funds was 7.14 percent, Small Cap Funds 7.07 percent, Multi Cap Funds 7.00 percent, Focused Funds 6.84 percent, Flexi Cap Funds 6.80 percent, ELSS Funds 6.68 percent, Value 6.67 percent in funds, 6.60 percent in contra funds, large cap funds A decline of 6.36 percent, 4.68 percent in pharma and health care funds, 4.27 percent in bank and financial funds, 3.35 percent in technology funds and 0.82 percent in international funds have been recorded.
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