26 equity mutual funds gave negative returns in September, shed up to 2%

The HDFC Defence Fund saw the biggest loss of around 2.29% during September. The Bank of India Mid & Small Cap Equity & Debt Fund gave a negative return of around 1.56%. Meanwhile, the Samco Active Momentum Fund lost around 1.30% in the past month. The Quant Tech Fund and NJ Flexi Cap Fund also gave negative returns to the tune of 1.20% and 1.19%.