There were around 621 equity and equity-oriented schemes in March. Out of this around 295 equity schemes offered negative returns. Here are the 10 equity schemes that lost more than 4% in March, according to ACE MF.
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2/8
Aditya Birla SL Digital India Fund
This fund topped the laggards list as it lost around 5.21% in March. The scheme is a technology sector-based scheme.
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3/8
Samco Active Momentum Fund
This thematic fund lost around 5.16% in March. Launched in July 2023, the scheme manages assets of Rs 756 crore as on February 29, 2024.
IANS
This smallcap fund lost around 4.79% in March. The scheme manages assets of Rs 13,709 crore.
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This banks & financial services sector based scheme lost 4.64% in March. Launched in June 2023, the scheme manages assets of Rs 432 crore.
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6/8
Mirae Asset Hang Seng TECH ETF FoF
This international fund lost 4.40% in March. Launched in December 2021, the scheme manages assets worth Rs 75 crore.
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7/8
Two technology funds
Two technology funds – SBI Technology Opp Fund and ICICI Prudential Technology Fund – lost around 4.30% and 4.26%, respectively in March.
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8/8
Three from Quant Mutual Fund
Three schemes from Quant Mutual Fund – Quant Consumption Fund, Quant Small Cap Fund, and Quant Teck Fund – lost around 4.20%, 4.11%, and 4.09%, respectively in the last month.
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