Mutual funds investing in US stocks hit up to 4% in a day as Wall Street tumbles

International mutual fund schemes investing in the US stocks have taken a hit of upto 4% in their single day NAV as on September 4 after a wild day on the Wall Street. The Nasdaq Composite tumbled nearly 5% and the Dow fell more than 800 points in one day. Franklin India Feeder Franklin US Opportunities Fund has fallen by 4% in one day, followed by Nippon India US Equity Opportunities Fund. Nippon's fund has gone down by 2.6%. Wall Street's main indexes tumbled on Thursday, heading for their worst day since June as investors dumped high-flying technology-focused stocks.

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