50% active equity mutual funds ended in red in 2019. Here are the worst performers

Around 49% of the 213 actively-managed equity mutual fund schemes have underperformed their benchmark in 2019. Worse, 31 schemes suffered losses. In other words, they have given negative returns.

One third of these 31 schemes are small cap and one-third are mid cap schemes. Some value-oriented schemes also figure among the worst performers. Small cap mutual fund category has been hit the most in 2019. The category on an average is down by 3.5% YTD. BSE Small Cap Index is down 9% and Nifty Smallcap 250 is down by 11%.

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