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

May 02, 2024, 12:44:50 PM IST

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.

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

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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.

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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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