Mutual fund investors lost up to 10% in September with the benchmark index - Nifty 50 down 5.56% in the same period, an analysis by ETMutualFunds showed. There were nearly 666 funds in the said time period of which 634 funds delivered negative returns indicating that nearly 95% of the funds delivered negative returns.
The top five losers were tech sector based funds with three funds losing over 9%. Tata Digital India Fund lost the most at around 9.80%, followed by HDFC Technology Fund and WOC Digital Bharat Fund which lost 9.30% and 9.28% respectively in September.