Equity mutual funds lose up to 12% last week; international funds lead as top 30 losers

Equity mutual funds declined sharply last week, falling as much as 12 percent, with international schemes dominating the top losers. US and global technology-focused funds led the declines, while only a few domestic performers, mainly from Motilal Oswal, posted modest gains, highlighting diverging momentum between global and Indian equity themes. Equity mutual funds lose up to 12% last week; international funds lead as top 30 losers