Around 97% of equity mutual funds have delivered negative returns so far in the current calendar year. Out of approximately 541 equity schemes during this period, 523 have given negative returns. In other words, only 18 funds have delivered positive returns in 2025 so far.
The Nippon India Taiwan Equity Fund recorded the highest loss, falling by around 31.52%. It was followed by the Samco Flexi Cap Fund, which declined by 26.15%. The Shriram Multi Sector Rotation Fund and Invesco India Technology Fund posted negative returns of around 24.33% and 24.22%, respectively, during the same period.
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Motilal Oswal Nasdaq 100 FOF and Mirae Asset NYSE FANG+ETF FoF gave a negative return of around 23.54% and 23.36% respectively in 2025 so far.
Mirae Asset S&P 500 Top 50 ETF FoF has offered a negative return of 21.86% in the mentioned period, followed by two funds from HSBC Mutual Fund. HSBC Small Cap Fund and HSBC Midcap Fund gave negative returns of around 21.73% and 21.52% respectively in 2025 so far.
Two schemes from Motilal Oswal Mutual Fund - Motilal Oswal Large & Midcap Fund and Motilal Oswal Manufacturing Fund - lost 21.37% and 21.17% respectively in 2025 so far.
Three international funds - Invesco India - Invesco Global Consumer Trends FoF, ICICI Pru NASDAQ 100 Index Fund, and Franklin India Feeder - Franklin U.S. Opportunities Fund - gave negative returns of around 18.55%, 18.48%, and 18.47% respectively in 2025 so far.
Two schemes from SBI Mutual Fund - SBI Innovative Opportunities Fund and SBI Technology Opp Fund - lost 17.97% and 17.90% respectively in the said period. Two small cap funds - Aditya Birla SL Small Cap Fund and Mahindra Manulife Small Cap Fund - gave negative returns of around 17.32% and 17.26% respectively in 2025 so far.
The largest small cap fund based on assets managed, Nippon India Small Cap Fund, lost 16.48% in the mentioned period. Kotak Emerging Equity Fund, the second largest mid cap fund, lost 16.32% in the said period.
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Axis NASDAQ 100 FoF and Aditya Birla SL NASDAQ 100 FOF lost 15.23% each in the said period. Quant Small Cap Fund gave a negative return of around 14.32% in the current calendar year so far.
SBI Automotive Opportunities Fund and Edelweiss Multi Cap Fund lost 13.67% each in the similar time period. Two schemes from Kotak Mutual Fund - Kotak Pioneer Fund and Kotak MNC Fund - gave negative returns of 13.40% and 13.36% respectively in 2025 so far.
The largest mid cap fund, HDFC Mid-Cap Opportunities Fund, lost 13.21% in 2025 so far. Canara Rob Emerg Equities Fund and HDFC Defence Fund lost 11.40% each in 2025 so far.
Quant Mid Cap Fund lost around 10.44% in the said time period. Edelweiss Gr China Equity Off-Shore Fund, the last one to lose in double-digits, lost 10.04% in 2025 so far. Baroda BNP Paribas Focused Fund gave a negative return of around 9.96% in the mentioned time period.
SBI Energy Opportunities Fund and Mirae Asset ELSS Tax Saver Fund gave a negative return of around 8.67% in the said time period. SBI Long Term Equity Fund, the oldest ELSS fund, offered a negative return of 8.18% in the mentioned time period.
SBI Contra Fund, the largest and oldest contra fund, lost 7.92% in 2025 so far, followed by two schemes from Quant Mutual Fund. Quant BFSI Fund and Quant Flexi Cap Fund lost 7.91% and 7.90% respectively in the same time period.
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Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, gave a negative return of around 5.94% in 2025 so far.
Three banking and financial services based funds - Baroda BNP Paribas Banking and Fin Serv Fund, Aditya Birla SL Banking & Financial Services Fund, and Mirae Asset Banking and Financial Services Fund were the last ones to offer negative returns. The schemes lost 0.80%, 0.42%, and 0.37% respectively in 2025 so far.
We considered all equity mutual funds in the mentioned period. We considered regular and growth options. We calculated the performance from January 1, 2025 to April 8, 2025.
Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of equity mutual funds in the current calendar year so far. One should not make investment or redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goals before making any investment decision.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
The Nippon India Taiwan Equity Fund recorded the highest loss, falling by around 31.52%. It was followed by the Samco Flexi Cap Fund, which declined by 26.15%. The Shriram Multi Sector Rotation Fund and Invesco India Technology Fund posted negative returns of around 24.33% and 24.22%, respectively, during the same period.
Also Read | RBI rate cut: What should be your mutual fund strategy?
Motilal Oswal Nasdaq 100 FOF and Mirae Asset NYSE FANG+ETF FoF gave a negative return of around 23.54% and 23.36% respectively in 2025 so far.
Mirae Asset S&P 500 Top 50 ETF FoF has offered a negative return of 21.86% in the mentioned period, followed by two funds from HSBC Mutual Fund. HSBC Small Cap Fund and HSBC Midcap Fund gave negative returns of around 21.73% and 21.52% respectively in 2025 so far.
Two schemes from Motilal Oswal Mutual Fund - Motilal Oswal Large & Midcap Fund and Motilal Oswal Manufacturing Fund - lost 21.37% and 21.17% respectively in 2025 so far.
Three international funds - Invesco India - Invesco Global Consumer Trends FoF, ICICI Pru NASDAQ 100 Index Fund, and Franklin India Feeder - Franklin U.S. Opportunities Fund - gave negative returns of around 18.55%, 18.48%, and 18.47% respectively in 2025 so far.
Two schemes from SBI Mutual Fund - SBI Innovative Opportunities Fund and SBI Technology Opp Fund - lost 17.97% and 17.90% respectively in the said period. Two small cap funds - Aditya Birla SL Small Cap Fund and Mahindra Manulife Small Cap Fund - gave negative returns of around 17.32% and 17.26% respectively in 2025 so far.
The largest small cap fund based on assets managed, Nippon India Small Cap Fund, lost 16.48% in the mentioned period. Kotak Emerging Equity Fund, the second largest mid cap fund, lost 16.32% in the said period.
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Axis NASDAQ 100 FoF and Aditya Birla SL NASDAQ 100 FOF lost 15.23% each in the said period. Quant Small Cap Fund gave a negative return of around 14.32% in the current calendar year so far.
SBI Automotive Opportunities Fund and Edelweiss Multi Cap Fund lost 13.67% each in the similar time period. Two schemes from Kotak Mutual Fund - Kotak Pioneer Fund and Kotak MNC Fund - gave negative returns of 13.40% and 13.36% respectively in 2025 so far.
The largest mid cap fund, HDFC Mid-Cap Opportunities Fund, lost 13.21% in 2025 so far. Canara Rob Emerg Equities Fund and HDFC Defence Fund lost 11.40% each in 2025 so far.
Quant Mid Cap Fund lost around 10.44% in the said time period. Edelweiss Gr China Equity Off-Shore Fund, the last one to lose in double-digits, lost 10.04% in 2025 so far. Baroda BNP Paribas Focused Fund gave a negative return of around 9.96% in the mentioned time period.
SBI Energy Opportunities Fund and Mirae Asset ELSS Tax Saver Fund gave a negative return of around 8.67% in the said time period. SBI Long Term Equity Fund, the oldest ELSS fund, offered a negative return of 8.18% in the mentioned time period.
SBI Contra Fund, the largest and oldest contra fund, lost 7.92% in 2025 so far, followed by two schemes from Quant Mutual Fund. Quant BFSI Fund and Quant Flexi Cap Fund lost 7.91% and 7.90% respectively in the same time period.
Also Read | Pharma mutual funds score first position in one year. Will US tariffs change the scenario?
Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, gave a negative return of around 5.94% in 2025 so far.
Three banking and financial services based funds - Baroda BNP Paribas Banking and Fin Serv Fund, Aditya Birla SL Banking & Financial Services Fund, and Mirae Asset Banking and Financial Services Fund were the last ones to offer negative returns. The schemes lost 0.80%, 0.42%, and 0.37% respectively in 2025 so far.
We considered all equity mutual funds in the mentioned period. We considered regular and growth options. We calculated the performance from January 1, 2025 to April 8, 2025.
Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of equity mutual funds in the current calendar year so far. One should not make investment or redemption decisions based on the above exercise.
One should always consider risk appetite, investment horizon, and goals before making any investment decision.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
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