A further analysis of these 13 schemes showed that they were from the same category. These 13 equity schemes were from the international fund category.
Two equity schemes lost in double-digits. HSBC Brazil Fund, an international fund, lost the most of around 19.65% in the first six months of 2024. Mahindra Manulife Asia Pacific REITs FOF lost around 14.27% in the same time period.
Kotak International REIT FOF and Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF lost around 8.71% and 8.11% respectively in the first six months of 2024.
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The next three schemes in the list were from DSP Mutual Fund. DSP World Agriculture Fund, DSP World Energy Fund, and DSP World Mining Fund lost around 4.27%, 3.42%, and 1.39% respectively in the first half of 2024.
Mirae Asset Hang Seng TECH ETF FoF lost around 0.45% in the first half of 2024. ICICI Prudential Global Stable Equity Fund(FOF) gave a negative return of around 0.17% in the said time period.
Axis US Treasury Dynamic Bond ETF FoF and PGIM India Global Select Real Estate Securities FoF lost around 0.41% and 0.31% respectively.
ICICI Prudential Global Stable Equity Fund(FOF) offered a negative return of around 0.17% in the similar time horizon.
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We considered all equity schemes that were there in the said time period. We considered all regular and growth options. We calculated returns from January 1, 2024 to June 30, 2024.
Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds lost the most in the first half of 2024. One should not make investment or redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goal before making investment decisions. Past performance does not guarantee future returns.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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