Worst performing small- and mid-cap MFs: Up to Rs 716 wiped off every Rs 10,000 invested in just 1 week in these schemes
Small- and mid-cap funds have landed in troubled waters ever since the Association of Mutual Funds in India (AMFI) and the Securities Exchange Board of India (SEBI) asked AMCs running these funds to take corrective measures. Small- and mid-cap categories have been among some of the worst performers, with small caps sliding by 7.81 per cent in the one week and mid caps losing 5.49 per cent of their value. Know which have been the worst performing small- and mid-cap mutual funds in the last one week, and how much money you would have lost had you invested Rs 10,000 in each of these funds.
Small- and mid-cap mutual funds are going through testing times as regulators are coming up with new mandates every now and then. The latest came in the face of a stress test mandated by the Association of Mutual Funds in India (AMFI) to mutual fund AMCs. Amid a series of new orders by regulators to mutual fund houses, Nifty Midcap 100 index has slid by 4.66 per cent in the one week and 4.38 per cent in the one month. Nifty Small Cap 100 Index, meanwhile, has fallen by 5.49 per cent in the one week and 7.81 per cent in the one month. The benchmark Nifty 50 has slid by 2.09 per cent in the one week.
With the stock market sliding, some of the worst-hit mutual fund categories are small cap and mid cap.
While small caps slid by 5.24 per cent, mid caps have fallen by 3.65 per cent in the last one week.
In this write-up, we will tell you about the five losers in each category in the last week and how much money you would have lost had you invested Rs 10,000 a week ago in each of the fund.
Mid Cap Losers
Taurus Mid Cap Fund
Taurus fund is the worst loser in the mid-cap mutual fund category. It has gone down by 6.10 per cent in the last one week. It means that had one invested Rs 10,000 in the fund, they would have lost Rs 610.
Mahindra Manulife Mid Cap
The fund, which was one of the top performers till a few days ago, has lost 4.62 per cent of its value in the last one week. A Rs 10,000 investment in the fund would have cost you Rs 462.
ITI Mid Cap
This mid-cap fund has also been struggling for over a week with a 4.48 per cent fall in the last seven days. A Rs 10,000 investment in the fund would have been reduced by Rs 448.
Quant Mid Cap
The fund from Quant Mutual Fund House has slid by 4.28 per cent in the last week. Had one invested Rs 10,000 in the fund a week ago, they would have lost Rs 428.
LIC MF Nifty Midcap 100 ETF
The fund from LIC is also feeling the heat of changing market equations and new orders from regulators. It has declined by 4.22 per cent in the last week.
An investment of Rs 10,000 would have shortened by Rs 422 in the current date.
Small Cap Losers
Motilal Oswal Nifty Microcap 250 Index
The fund has been the worst performer among all small- and mid-cap funds as it has slid by 7.16 per cent in the last one week. It means an investment of Rs 10,000 in the fund would have cost you Rs 716.
LIC MF Small Cap
The fund from LIC is down by 6.21 per cent in the last seven days. Had one invested Rs 10,000 in the fund a week ago, they would have lost Rs 621 of their amount.
Motilal Oswal Nifty Smallcap 250 Index
The fund from Motilal Oswal has declined by 6.17 per cent in the last week. An investment of Rs 10,000 in the fund would have cost one Rs 617.
HDFC NIfty Smallcap 250 Index
The fund from HDFC is also one of the worst performers in the small-cap category with a loss of 6.16 per cent in its value. An investment of Rs 10,000 would have cost you Rs 616 at the current date.
Nippon India Nifty Smallcap 250 Index
The fund from Nippon India has also lost 6.16 per cent of its value in the last seven days. One would have lost their Rs 616 after an investment of Rs 10000 in the fund a week ago.
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