Market chaos: Equity funds that have corrected the most since September peaks

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.

Large Cap Funds
Average return of the category (From 26-Sep-2024 To 13-Nov-2024): -9.8%
Nifty 50 – TRI: -10%

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%

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Mid Cap Funds
Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -9%
Nifty Midcap 150 – TRI: -10.5%

Small Cap Funds
Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -8%
Nifty Smallcap 250 – TRI: -9.5%

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Multi Cap Funds
Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -9%
Nifty500 Multicap 50:25:25 – TRI: -10.3%

Flexi Cap Funds
Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -9.2%
NIFTY 500 – TRI: -10.5%

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ELSS
Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -9.3%
NIFTY 100 – TRI: -10.6%

Aggressive Hybrid Funds
Average Return of the category (From 26-Sep-2024 To 13-Nov-2024): -6.8%
NIFTY 100 – TRI: -10.6%

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