10 equity mutual funds that lost the most in May - Top Losers
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There were around 491 equity mutual fund schemes active in May. Around 117 of them gave negative returns. Here are the 10 schemes that lost the most in the period, revealed data pulled out from ACE MF.
Agencies
HSBC Brazil Fund lost the most of around 5.13% in May. The scheme is an international fund and had an AUM of Rs 36.82 crore as on May 2024.
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This thematic fund following innovation the theme lost around 3.62% in May. The fund house had an asset under management of Rs 622 crore as on May 2024.
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4/10
Franklin India Technology Fund
The scheme lost 3.37% in May. Launched in August 1998, it had an AUM of Rs 1435 crore as of May.
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This focused fund lost around 2.98% in May. Launched in July 2020, the scheme had an AUM of Rs 1595 crore in May.
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6/10
ITI Pharma & Healthcare Fund
This sectoral fund lost 2.79% in May. Launched in November 2021, the scheme had an AUM of Rs 156 crore as of May 2024.
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The scheme lost 2.77% in May. Launched in September 2023, it had an AUM of Rs 355 crore as of May 2024.
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8/10
ITI Banking & Financial Services Fund
This sectoral fund lost around 2.76% in May. Launched in December 2021, it managed assets of Rs 258 crore as of May 2024.
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9/10
Two from ABSL Mutual Fund
Two schemes from Aditya Birla Sun Life Mutual Fund — Aditya Birla SL Pure Value Fund and Aditya Birla SL Banking & Financial Services Fund — lost around 2.63% each in May.
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10/10
Kotak Healthcare Fund
The scheme lost around 2.46% in May. Launched in December 2023, it had an asset size of Rs 288 crore as on May 2024.
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