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The Best and Worst Mutual Funds of Q1 2013

Japan and healthcare were especially hot during the quarter

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#1 Worst: Dreyfus India

Dreyfus185Q1 Return: -23.5%

The deceleration of growth in India has been reflected in the Bombay Stock Exchange Sensitive Index, which fell by 3.4% in Q1. However, investing in emerging markets can be a risky game, and a few clunkers can wreak havoc on a portfolio.

The Dreyfus India Fund (MUTF:DIIAX) found itself on the wrong side of a number of trades, aggravating losses — and obviously not keeping up with its focus on quality and long-term growth potential.

Some of the biggest laggards in Dreyfus’ current holdings include Reliance Communications (-25%), loan provider IFCI Limited (-22%) and Tata Motors (NYSE:TTM, -15%). All are top 10 weightings, to boot.

Article printed from InvestorPlace Media,

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