38 passive mutual funds gave negative returns in September, lost up to 4%

The largest losses were seen in three defense sector-focused passive funds: the Aditya Birla Sun Life Nifty India Defence Index Fund, the Motilal Oswal Nifty India Defence Index Fund, and the Motilal Oswal Nifty India Defence ETF, which experienced declines of 4.49%, 3.97%, and 3.90%, respectively, in September.
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