Market chaos: Equity funds that have corrected the most since September peaks
Here is a list of equity schemes that saw the biggest decline since their last peak in September. Experts' advice is that investors should not be influenced by short-term fluctuations and instead concentrate on long-term objectives
Indian equity markets have been on a downtrend over the last two months. On November 13, the BSE Sensex fell more than 1,100 points to 77,533.3 at the day's low, before ending at 77,690.95. The frontline indices have registered more than a 10 percent slump since their last peak on September 26, 2024. The Nifty 50 index has plummeted over 10 percent while Nifty Midcap 150 and Nifty Smallcap 250 indices have declined 10.6 percent and 9.5 percent, respectively. Factors that have triggered this volatility and dampened investors’ sentiment include tepid second-quarter (Q2) earnings, relentless foreign institutional investors’ (FIIs) sell-off, rising valuations of domestic mid and small-cap stocks and escalating geopolitical tensions. While experts advise investors not to be swayed by short-term gyrations and focus on long-term goals, here’s a list of equity schemes from major categories that declined the most from their last peak of September 26.
2/9
Large Cap Funds Average return of the category (From 26-Sep-2024 To 13-Nov-2024): -9.8% Nifty 50 – TRI: -10%
3/9
Large & Mid Cap Funds Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -9.3% NIFTY LargeMidcap 250 – TRI: -10.5%
