look news india
Mumbai: There are 38 inactive mutual funds out of a total of 353 inactive mutual funds across all asset classes in the mutual fund industry. The funds have given negative returns to investors in September 2024. The most negative defense sector based passive funds among these three schemes include Aditya Birla Sun Life Nifty India Defense Index Fund, Motilal Oswal Nifty India Defense Index Fund and Motilal Oswal Nifty India Defense ETF. Which have given negative returns of 4.49 percent, 3.97 percent and 3.90 percent respectively in the month of September.
Five schemes in this list are based on PSU theme and have given negative returns. In which Kotak Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BEES have recorded a negative return of 3.33 percent. DSP Nifty PSU Bank ETF and ICICI Prudential Nifty PSU Bank ETF each posted negative returns of 3.32 per cent during the period. While HDFC Nifty PSU Bank ETF recorded a negative return of 3.31 percent.
The next 15 schemes are from the IT sector, whose returns are between 1 percent and 2.07 percent. In which both Navi Nifty IT Index Fund and ICICI Prudential Nifty IT Index Fund have given negative returns of 2.07 percent. Axis Nifty IT Index Fund recorded negative returns of 2.05 per cent.
Bandhan Nifty IT Index Fund and Nippon India Nifty IT Index Fund gave negative returns of 2.03 per cent. Out of 15 schemes, the returns of six schemes have been negative at 1.99 percent. Aditya Birla Sun Life Nifty IT ETF had a negative return of 1.95 per cent. Of the two schemes of the two Mirei Asset mutual funds, Mirei Asset Nifty Mid Small Cap 400 Momentum Quality 100 ETF FOF had a negative return of 0.94 per cent and Mirei Asset Nifty Small Cap 250 Momentum Quality 100 ETF FOF had a negative return of 0.78 per cent. Percentage. The return of Tata Nifty India Digital ETF is negative 0.73 percent.