10 equity mutual funds that lost the most in 2022
Most equity mutual fund investors always look for the best performers. For a change, we thought we will look for the worst performers in 2022. We were surprised to note that many prominent schemes like Axis Long term Equity Fund, Axis Focused 25 Fund, UTI Flexi Cap Fund, Axis Flexi Cap Fund, and Mirae Asset Focused Fund, among others were in the list of worst performers in 2022. (See table) Most poor performers were from the focused fund and flexi cap fund category.The scheme that lost the most in 2022 was HSBC Small Cap Equity Fund. The small cap fund delivered -12.10%. Aditya Birla Sun Life Equity Advantage Fund, a large & mid cap scheme, was second in the list. It lost 11.90% in this year so far.
Axis Long term Equity Fund delivered negative return of 9.41% in 2022. The scheme manages an AUM of Rs 32,654.14 crore. It manages the most assets in the ELSS category. It has delivered negative returns also in 2011 and 2016. The other ELSS scheme that lost the most in 2022 was Invesco India Tax Plan. The scheme delivered a negative return of 8.54%.
| Scheme Name | AUM (Rs Cr) | YTD Return |
| HSBC Small Cap Equity Fund | 298.43 | -12.10 |
| Aditya Birla SL Equity Advantage Fund | 5,570.52 | -11.90 |
| Axis Focused 25 Fund | 19,124.22 | -11.47 |
| UTI Flexi Cap Fund | 26,503.19 | -9.88 |
| Axis Long Term Equity Fund | 32,654.14 | -9.41 |
| Invesco India Focused 20 Equity Fund | 1,749.81 | -8.74 |
| Invesco India Tax Plan | 1,902.56 | -8.54 |
| Mirae Asset Focused Fund | 8,992.52 | -8.02 |
| PGIM India Flexi Cap Fund | 5,081.26 | -7.71 |
| Axis Flexi Cap Fund | 11,250.54 | -7.22 |
Axis Focused 25 Fund lost 11.47% in this year so far. Another focused fund, Invesco India Focused 20 Equity Fund, delivered negative returns of 8.74%. Mirae Asset Focused Fund lost -8.02% in 2022. These two schemes are relatively new as they are only two-three years old.
UTI Flexi Cap Fund delivered a negative return of 9.88%. PGIM India Flexi Cap Fund offered a negative return of 7.71%. Axis Flexi Cap Fund delivered a negative return of 7.22% to the investors in 2022. This is the first year that scheme has given negative returns. It has never given yearly negative returns since its inception in 2017.
ETMutualFunds have considered all equity schemes for the study. The regular and growth options schemes were included. Equity categories like Large cap, large & mid cap, mid cap, flexi cap, small cap, multi cap, value fund, contra fund, focused fund, and ELSS categories were considered for the analysis.
( Originally published on Oct 10, 2022 )
This story originally appeared on: India Times - Author:Tax Cognition
