SIP made you pauper! These 34 equity mutual funds lost investors’ money

Systematic Investment Plans (SIPs) are thought-about to be the best and most secure technique to make investments. However, they not solely give you revenue each time, typically additionally they trigger loss. This occurred with many SIPs within the yr 2024.

In the yr 2024, there have been many equity mutual funds which have given unfavourable returns to their buyers. That means they’ve lost their money. Let us give you detailed details about this on this information right this moment.

who lost the money

According to the report of The Economic Times, within the yr 2024, out of 425 equity mutual funds, there have been 34 funds which have given unfavourable returns to their buyers. Out of those, there are three equity mutual funds which have given unfavourable returns to their buyers in double digits.

The worst performer amongst these was Quant PSU Fund, which gave a unfavourable XIRR (Extended Internal Rate of Return) of -20.28%. In easy language, if somebody had made a SIP of Rs 10,000 each month on this SIP, then presently the present worth of the funding diminished to Rs 90,763. Whereas, if we solely discuss funding in a yr, it could be Rs 120,000.

Quant ELSS Tax Saver Fund stood second on this record. It gave a return of -11.88% XIRR to its buyers. This was adopted by Aditya Birla SL PSU Equity Fund which gave a return of -11.13% to its buyers. That means, if you have invested money in these SIPs, then on the finish of the yr your money has diminished as an alternative of accelerating.

How a lot did different funds sink?

Other funds of Quant Mutual Fund additionally brought on losses to buyers.

Quant Consumption Fund: -9.66%

Quant Quantamental Fund: -9.61%

Quant Flexi Cap Fund: -8.36%

Quant BFSI Fund: -7.72%

Quant Active Fund: -7.43%

Quant Focused Fund: -6.39%

Quant Mid Cap Fund: -5.34%

Quant Large & Mid Cap Fund: -4.54%

How a lot did sectoral funds sink?

Sectoral funds additionally lost buyers’ money in 2024

UTI Transportation & Logistics Fund: -4.05%

Quant Large Cap Fund: -3.74%

Quant Momentum Fund: -3.35%

SBI Equity Minimum Variance Fund: -3.06%

HDFC MNC Fund: -1.51%

(*34*) Mid Cap Fund: -1.45%

What was the standing of PSU funds?

PSU funds additionally upset buyers.

ICICI Pru PSU Equity Fund: -0.86%

SBI PSU Fund: -0.67%

Quant Business Cycle Fund: -0.66%

Baroda BNP Paribas Value Fund: -0.62%

A decline was additionally recorded in these funds

Tata Infrastructure Fund: -0.05%

Invesco India PSU Equity Fund: -0.04%

2024 was dangerous for buyers

ETMutualFunds studies SIP efficiency of all equity mutual funds (Regular and Growth schemes) between January 2024 and December 24, 2024. The knowledge from this report reveals that SIP buyers confronted difficult occasions in 2024 attributable to market uncertainties and sectoral fluctuations.

However, specialists consider that if you are a long run investor then you don’t have to panic. SIP investments usually ship higher returns over time, weathering market ups and downs.

Disclaimer: (The data offered right here is being offered for data solely. It is necessary to notice right here that funding out there is topic to market dangers. Always search skilled recommendation earlier than investing money as an investor. ABPLive.com doesn’t advise anybody It isn’t advisable to speculate money right here.)

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