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These 5 equity mutual funds lost more than 5% in April

May 2, 2024
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Top Losers
There were around 507 equity mutual funds in the market. Around 75 schemes offered negative returns in April, according to the data by ACE MF. Here are the equity schemes that lost more than 5% in the month.

Agencies

International Funds
The equity mutual funds that lost more than 5% in April belonged to one category. All these funds were international funds.

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Mirae Asset Global X Artificial Intelligence & Technology ETF FoF

3/7

Mirae Asset Global X Artificial Intelligence & Technology ETF FoF

This international fund lost the most of around 5.93% in April. Launched in September 2022, the scheme manages an asset size of Rs 346.81 crore

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HSBC Brazil Fund
The scheme lost around 5.70% in April. The scheme was launched in May 2011 and manages assets of Rs 39.18 crore.

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Two from PGIM India
Two schemes – PGIM India Global Select Real Estate Securities FoF and PGIM India Global Equity Opportunities Fund – lost around 5.62% and 5.17%, respectively.

IANS

Franklin India Feeder - Franklin U.S. Opportunities Fund

6/7

Franklin India Feeder – Franklin U.S. Opportunities Fund

The scheme lost 5.01% in April. The scheme was launched in February 2012 and manages an asset base of Rs 3,616.19 crore.

iStock

Should you invest?
One should not focus on one month’s performance. Investments in equity mutual funds are made for a long-term horizon. One should always consider risk profile, investment horizon, and goal before making investment decisions.

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