Best and worst of MF schemes in last one month

Last one month has remained very tumultuous for the stock markets in India, especially after the budget presentation and increase in surcharge on the super rich. Although, it was not meant for foreign institutional investors (FIIs), they became part of the collateral damage. In the last one month, FIIs have sold equity shares worth more than Rs 20,000 crore.

The impact is clearly visible in the Indian equity markets. Most of the equity indices are down by more than 6 per cent in the last one month. Not a single equity index is in the green in the last one month. While the BSE Sensex is down by 6.7 per cent in the last one month, BSE 500 index is down by 8 per cent. Some of the sectoral funds are down by more than 14 per cent in the last one month. However, most of them are able to beat their benchmarks, except large-cap funds.

Bottom 5 Sectoral Performances In Terms of Returns (Last One Month)

Out of the 422 open-ended equity funds, only 16 funds were in the positive territory in the last one month and a whopping 406 funds generated negative returns in the last one month. If you exclude gold and international fund from the winners list, what remains are the funds from technology and healthcare space.