Among equity funds, banking schemes were the top losers, having depreciated as much as 11.36 per cent in value on an average.
Banking stocks have been feeling the heat of regulator Reserve Bank of India's measures aimed at curbing inflation for a month now. The Bombay Stock Exchange (BSE) Bankex has lost 16 per cent during the period to touch 7,415.03 points.
While index-based MF schemes have given negative returns of 10.64 per cent, the average return of auto schemes has been -10.64 per cent. The BSE Auto index has declined 17 per cent to 5,712.79. The sector failed to get any favour with the just concluded Union Budget.
Again, while diversified mutual fund schemes have fallen 10.47 per cent and tax planning ones have slid 10.46 per cent during the period.
FMCG schemes have earned a negative return of 8.76 per cent, while pharma funds' returns stood at -7.73 per cent. FMCG scrips too have had a bad time during the month as the BSE FMCG index has shed 11.64 per cent to hit 1,925.55.
Technology schemes were also among the losers. They yielded a return of -7.84 per cent, with the BSE IT index losing 12.19 per cent in the past month to settle at 5,387.05.
