Around 11 have been down by over 20% from their 52-week high NAVs, an analysis by ETMutualFunds showed. There were 287 equity in that time period.
,a focused fund, was down by 26.70% at Rs 37.9262 from its 52-week high of Rs 51.7443. The next two funds to follow were from Samco Mutual Fund. Samco Flexi Cap Fund and Samco ELSS Tax Saver Fund were down by 24.67% and 22.42%, respectively, from their 52-week high NAVs.
Two smallcap funds – LIC MF Small Cap Fund and HSBC Small Cap Fund – were down by 21.66% and 21.44% respectively from their respective 52-week high NAVs. The latest NAV of LIC MF Small Cap Fund was Rs 27.1946 against its 52-week high NAV of Rs 34.7121, whereas the latest NAV of HSBC Small Cap Fund was Rs 72.3268 against its 52-week high NAV of Rs 92.0630.
NJ Flexi Cap Fund was down by 21.39% at Rs 12.6800 from its 52-week high NAV of Rs 16.1300, followed by LIC MF Value Fund, which was down by 20.08% from its 52-week high NAV.
Motilal Oswal ELSS Tax Saver Fund was down by 20.06% from its 52-week high NAV, followed by three smallcap funds. was down by 19.92% at Rs 35.7631 from its 52-week high NAV level of Rs 44.6599.
The next two small caps were – and Union Small Cap Fund, which were down by 19.87% and 19.86% respectively.
The analysis further showed that other equity mutual funds were down between 1.41% to 19.16% from their respective 52-week high NAVs.
Kotak Small Cap Fund was down by 18.76% from its 52-week high NAV level. Quant Mid Cap Fund went down by 17.78% from its 52-week high NAV of Rs 253.4767.
went down by 17.25% from its 52-week high NAV. Franklin India Focused Equity Fund was the last one to go down in double digits by around 10%. Invesco India Large & Mid Cap Fund went down by 9.91% from its 52-week high NAV.
Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, went down by 2.43% from its 52-week high NAV. Mahindra Manulife Value Fund saw the lowest drop of 1.41% from its 52-week high NAV.
We considered all equity mutual funds excluding sectoral and thematic funds. We considered the 52-week high NAV of all equity mutual funds and compared the same with their latest NAV.
Note, the above exercise is not a recommendation. The exercise was done to find equity mutual funds that are down by over 20% from their respective 52-week high NAVs. One should not make investment or redemption decisions based on the above exercise.