Equity mutual funds are also known as growth funds are professionally managed funds that mainly invest in stocks and shares of companies. These funds can be divided into Active and Passive categories. In Active Funds, a fund manager actively looks at the market and company performance to choose stocks for the fund. There are approx. 6 equity schemes have lost over 15% since the last budget was introduced in July 2024. Quant ELSS Tax Saver Fund The fund offers tax benefits under Section 80C of the Income Tax Act. It is an open-ended equity-linked saving scheme (ELSS) that invests in equity stocks. The Quant ELSS Tax Saver Fund has faced the biggest loss, dropping approx. 16.84% in value since the Budget was announced on July 23, 2024. Quant Flexi Cap Fund Quant Flexi Cap Fund’s main investment objective is to generate stable returns by investing in a portfolio of Large-cap, Mid-cap, and small-cap companies. Quant Flexi Cap Fund gave a negative return of approx. 15.35% since the last Budget was introduced. Samco Flexi Cap Funds It is a mutual fund offered by Samco Mutual Fund that can invest in stocks of companies of all sizes, which includes Large-cap, Mid-cap and Small-cap stocks. Samco Flexi Cap Fund experienced a loss of 16.29% from the last budget announcement. Samco ELSS Tax Saver Fund Samco ELSS Tax Saver Fund is an open-ended Equity Linked Saving Scheme (ELSS). The fund is a mutual fund that offers tax benefits and has a three-year lock-in period. Samco ELSS Tax Fund experienced a loss of 15.95% from the last budget announcement. Sriram Flexi Cap Fund The Sriram Flexi Cap Fund is a mutual fund offered by Shriram Mutual Fund. It can invest in a variety of stocks, including large, mid, and small companies, giving it the flexibility to adjust its investments based on market conditions. The fund aims to generate long-term capital growth for investors. Shriram Flexi Cap Funds delivered a negative return of Approx. 15.93% since the last budget announcement. Sriram ELSS Tax Saver Fund The fund offers tax benefits under Section 80C of the Income Tax Act. This fund is suitable for those people who are ready to take market-related risks for expected higher returns. Shriram ELSS Tax Saver Funds delivered a negative return of Approx. 15.34% since the last budget announcement. And the other equity schemes have lost 0.01% and 14.90% since the last Budget