March Sees Equity Mutual Funds Plunge Up to 14%
Equity mutual funds lose up to 14% in March. Check top 10 laggards
The Economic Times
Image: The Economic Times
In March, equity mutual funds experienced significant losses, with all 299 schemes reporting declines. The BSE Sensex and Nifty 50 fell by 11.48% and 11.30%, respectively. Notably, the Quant Focused Fund led the losses with a 13.64% drop.
- 01All 299 equity mutual funds ended March in the red.
- 02224 funds suffered double-digit losses.
- 03The BSE Sensex and Nifty 50 fell by 11.48% and 11.30%.
- 04Quant Focused Fund had the highest decline at 13.64%.
- 05Other notable laggards include Tata Large & Mid Cap Fund and JM Value Fund.
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March was a challenging month for equity mutual funds, with all 299 schemes recording losses. The BSE Sensex and Nifty 50 indices fell by 11.48% and 11.30%, respectively, influencing the performance of mutual funds. Among the hardest hit was the Quant Focused Fund, which saw a decline of 13.64%. Other notable laggards included the Tata Large & Mid Cap Fund with a 13.37% drop, and the JM Value Fund and ITI Value Fund, which recorded losses of 12.97% and 12.92%, respectively. The remaining funds in the category experienced losses ranging from 4.09% to 12.37%. This downturn reflects broader market trends and investor sentiment during the month.
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Investors in equity mutual funds may see reduced returns and potential losses on their investments, affecting their financial planning.
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