Negative returns in debt funds

Have just invested in kotak bond short term fund last week.
Now it is showing negative returns!
Why is that so?!

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I think RBI Governer’s statements impacted the sentiment on Interest Rate reduction and that led to this… but hope some Experts can comment as I also saw a drop in a fund I recently invested in and trying to understand the exact reason…

Mine was a Gilt Fund and I had assumed as long as there is no Interest Rate movement there should be stability…

Some one please guide!!