With the year drawing to a close, investors always look for schemes that have increased their wealth or offered high returns. ETMutualFunds did some data crunching and found that around 34 equity mutual funds have eroded investors’ SIP investments in 2024. There were 425 equity mutual funds during this period.In other words, out of 425 equity schemes, around 34 funds have offered negative returns on SIP investments in the current calendar year.

Three equity funds delivered double-digit negative returns on SIP investments made on January 1, 2024. The Quant PSU Fund reported a negative XIRR of 20.28% on these SIP investments. If an investor had made a SIP investment of Rs 10,000 in this fund, the current value of this investment would be Rs 90,763.


Quant ELSS Tax Saver Fund recorded a negative XIRR of 11.88% during the same period. The returns of Aditya Birla SL PSU Equity Fund decreased by 11.13% in the same period.The next seven schemes on the list were from Quant Mutual Fund. The returns offered by Quant Consumption Fund, Quant Quantamental Fund, and Quant Flexi Cap Fund decreased by 9.66%, 9.61%, and 8.36%, respectively, in the current calendar year.

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Quant BFSI Fund, Quant Active Fund, Quant Focused Fund, and Quant Mid Cap Fund delivered XIRRs of 7.72%, 7.43%, 6.39%, and 5.34%, respectively, in the same period.

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Quant Large & Mid Cap Fund saw a loss of 4.54% on SIP investments in 2024. The returns of UTI Transportation & Logistics Fund decreased by 4.05% in the same period. Quant Large Cap Fund and Quant Momentum Fund lost 3.74% and 3.35%, respectively, on SIP investments in the current calendar year.

SBI Equity Minimum Variance Fund posted a negative return of 3.06% on SIP investments in the same time frame. HDFC MNC Fund lost 1.51% in 2024, followed by Taurus Mid Cap Fund, which lost 1.45% on SIP investments in the same period.

Two PSU funds—ICICI Pru PSU Equity Fund and SBI PSU Fund—lost 0.86% and 0.67%, respectively, on SIP investments in the same period.

Quant Business Cycle Fund posted an XIRR of 0.66% on SIP investments made in the current calendar year, followed by Baroda BNP Paribas Value Fund, which lost 0.62% in the same period.

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Tata Infrastructure Fund and Invesco India PSU Equity Fund posted negative returns of around 0.05% and 0.04%, respectively, on SIP investments in 2024.

We considered all equity mutual funds, including both regular and growth schemes. We calculated the SIP performance from January 1, 2024, to December 24, 2024.

Note: The above exercise is not a recommendation. It was conducted to identify equity schemes that eroded investors’ SIP investments in the current calendar year. Investment or redemption decisions should not be made based on this exercise. Always consider your risk appetite, investment horizon, and goals before making any investment decisions.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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