Archive · 21 Aug 2026
HDFC Securities NAV Glitch Shows Losses Up to 70%
Some HDFC Securities customers saw very large losses in their mutual fund accounts on Thursday.
The losses appeared suddenly even though their investments had been profitable the day before.
In some cases, one fund in a portfolio looked normal while another showed a much lower price.
One investor saw a loss of almost Rs 1 lakh.
Other customers reported apparent losses of up to 70%, while one user reported 71%.
HDFC Securities said the displayed NAV numbers were wrong.
The company blamed incorrect information from its data service provider.
It said the problem only changed what customers saw and did not change their actual investments.
The issue was later resolved, according to the brokerage.
HDFC Securities customers saw incorrect mutual fund NAVs on InvestRight, making portfolios appear to lose up to 70%.
One investor reported a nearly Rs 1 lakh loss, or about 30%, after the portfolio had been profitable through Wednesday.
Customers said one fund’s NAV appeared normal while another fell by about 50%.
Users on X reported sharp declines in Nippon Multicap Fund and Nippon India Small Cap Fund-Growth; one cited a 71% fall.
HDFC Securities attributed the issue to erroneous data from a global data-service-provider problem and said actual holdings were unaffected.
- Who
- HDFC Securities customers and investors holding mutual funds through its InvestRight platform.
- What
- Incorrectly displayed mutual fund NAVs made some portfolios appear to lose up to 70%, with one social-media report citing 71%.
- When
- Thursday; HDFC Securities said the issue was reported on August 20 and resolved around 12:40 pm.
- Where
- The InvestRight platform and app in New Delhi, with customers also reporting the issue on X.
- Why
- HDFC Securities said its data service provider supplied erroneous NAV data in what it described as a global issue.
HDFC Securities’ Explanation
Customers’ Reported Experience
Cause of the decline
HDFC Securities’ Explanation
HDFC Securities said a global problem at its data service provider supplied incorrect NAV data, creating a display-only error.
Customers’ Reported Experience
Customers saw sharp declines in displayed NAVs and questioned whether the losses reflected a technical problem or a genuine issue with their holdings.
Impact on investments
HDFC Securities’ Explanation
The brokerage said the incorrect figures did not affect customers’ actual mutual fund investments or holdings.
Customers’ Reported Experience
Investors reported apparent portfolio losses ranging from about 30% to 70%, with one X user citing a 71% decline.
- Reported portfolio losses
- Up to 70%; one X user reported a 71% decline
- Example investor loss
- Nearly Rs 1 lakh, or around 30%
- Reported funds
- Nippon Multicap Fund and Nippon India Small Cap Fund-Growth
- Example displayed NAV
- Nippon India Small Cap Fund-Growth was shown at 111.1869, down from around 185
- Reported cause
- Erroneous NAV data received from HDFC Securities’ data service provider
- Resolution time
- Around 12:40 pm, according to HDFC Securities
- Effect on investments
- HDFC Securities said customers’ actual mutual fund holdings were not affected
