10 worst-performing equities mutual funds with the lowest one-year returns (October 2022)

Worst performing equity mutual funds in a single year: Here is a list of the top ten equity mutual fund schemes with the lowest annual returns:

Mutual Funds with the Worst Performance in October 2022: While much is made of top-performing mutual funds with the best returns, many plans result in negative returns. According to statistics on the website of the Association of Mutual Funds in India (AMFI), more than 30 equity mutual fund schemes have produced negative returns of up to -5% or less in a single year. Nearly 20 schemes have returned approximately -10% in a year, while more than 6 funds have returned more than -18% in a year.

While a year is a fairly short time in the life of a mutual fund scheme, investors sometimes use historical results as a criterion for investing.

1. Nippon India Japan Equity Fund

Nippon India Japan Equity Fund is a mutual fund scheme that focuses on a certain industry or theme. This scheme’s regular plan returned -27.39%, while the direct plan returned -26.39% annualised return in one year. Nippon India Japan Equity Fund tracks the S&P Japan 500 Total Return index, which has a negative one-year return of -21.05%.

2. Franklin Asian Equity Fund

Franklin Asian Equity Fund is a mutual fund that tracks the MSCI Asia (Ex-Japan) Standard Total Return Index. In one year, the regular plan of this scheme returned -25.18%, whereas the direct plan returned -24.55% annualised yield. In one year, the scheme’s benchmark index has decreased by 21.01%.

3. Franklin India Technology Fund

Another sectoral/thematic mutual fund scheme that tracks the S&P BSE Teck Total Return Index is Franklin India Technology Fund. In one year, the regular plan of this scheme returned -21.54%, whereas the direct plan returned -20.76% annualised yield. In one year, the scheme’s benchmark index has declined 14.89%.

4. ICICI Prudential Technology Fund

The ICICI Prudential Technology Fund is a mutual fund strategy that tracks the S&P BSE Teck Total Return Index. In one year, the regular plan of this programme returned -18.79%, while the direct plan returned -17.78% annualised yield. In one year, the scheme’s benchmark index has declined 14.89%.

5. Tata Digital India Fund

Tata Digital India Fund is a mutual fund scheme that tracks the NIFTY IT Total Return Index. In one year, the regular plan of this programme returned -18.68%, while the direct plan returned -17.32% annualised yield. In one year, the scheme’s benchmark index has decreased by 21.43%.

Disclaimer: The above content is for information purposes only. Mutual funds are subject to market risks. One should not look at only the past performance of a fund to make his investment decision. Please consult your financial advisor before making any investment decision