Several diversified equity funds have delivered negative returns so far in 2026, but the picture changes sharply over longer periods. Here’s a look at funds in the red on a YTD, three-year and five-year basis, and what investors should consider.
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Investors often focus on mutual funds that have delivered high returns over a particular period. However, it is equally important to understand which funds have struggled.
Here are the top 10 diversified equity funds (excluding sectoral and thematic funds) that delivered the most negative returns on a year-to-date (YTD), three-year, and five-year basis as of October 2026. Let’s see whether any fund names feature across all these periods.
Which equity funds are in red by YTD returns?
As of 7 October 2026, several diversified equity funds were in negative territory on a year-to-date (YTD) basis. The list includes the top 10 funds across value and large-cap categories, with the weakest performers down by more than 10%.
| S.No. | Diversified equity funds | YTD return |
| 1 | ICICI Prudential Value Fund | -12.98% |
| 2 | Quantum Value Fund | -11.95% |
| 3 | Parag Parikh ELSS Tax Saver Fund | -11.78% |
| 4 | Quantum ELSS Tax Saver Fund | -11.70% |
| 5 | Mahindra Manulife Large Cap Fund | -11.61% |
| 6 | Templeton India Value Fund | -11.55% |
| 7 | Sundaram Value Fund | -11.53% |
| 8 | ICICI Prudential Large Cap Fund | -11.09% |
| 9 | DSP Large Cap Fund | -10.61% |
| 10 | UTI Large Cap Fund | -10.55% |
*Source: Morningstar, Direct plans, Returns as on 7 October 2026
The list is led by ICICI Prudential Value Fund, which delivered the most negative YTD return at -12.98% as of October 2026.
It was followed by Quantum Value Fund at -11.95% and Parag Parikh ELSS Tax Saver Fund at -11.78%.
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