10 mutual fund myths busted, AAUM Growth and more!

Our co-founder and COO, Neelabh Sanyal was on Zee Business’s Mutual Fund Helpline this week to discuss common myths about investing in mutual funds. If you missed that you can watch it below.

 

The Average Assets Under Management (AAUM) of the Mutual Fund industry stood at 26.7 lakh crore in the October-December quarter of 2019, a 13.4% increase from the same period in 2018. As per the latest AMFI data, Mirae Asset Mutual Fund witnessed the highest percentage growth in AAUM, with an increase of 87% in Asset base from 21.03 thousand crores in 2018 to 39.34 thousand crores in 2019.

 

The following Mutual Fund houses witnessed the highest (absolute) growth in AAUM (in Rs 1000 crores). 

Mutual Fund AAUM Dec 2018 AAUM Dec 2019 Absolute Change SBI Mutual Fund 264.35 352.63 88.28 IPru Mutual Fund 307.74 361.51 53.77 HDFC Mutual Fund 334.96 382.52 47.55 Axis Mutual Fund 81.62 122.87 41.24 IDFC Mutual Fund 64.58 104.63 40.05 Source: AMFI

 

In a recent Twitter poll on the preferred asset class for 2020, equity was the forerunner with 73% votes. In a follow-up poll, Index funds took the top spot within equity at 36% votes. We have been proponents of index first approach to portfolio construction since the start. You can find index funds on Kuvera here.

 

Tata Mutual Fund has launched the NFO for Tata Quant Fund, an open-ended equity scheme following a quant-based investing theme. The scheme will be managed by Sailesh Jain. The new issue will be open for subscription till 17 January 2020.

 

Index Returns Index 1W 1Y 3Y NIFTY 50 -0.2% 14.6% 14.3% NIFTY NEXT 50 0.0% 2.9% 9.4% S&P BSE SENSEX -0.3% 16.7% 15.9% S&P BSE SmallCap 3.3% -4.0% 4.3% S&P BSE MidCap 1.2% 0.3% 7.4% NASDAQ 100 0.3% 42.9% 21.4% S&P 500 -0.2% 32.1% 12.7% Source: BSE / NSE

Top 5 best performing funds Name 1W 1Y 3Y DSP World Gold 7.5% 35.8% 5.6% Kotak World Gold 6.0% 41.9% 7.6% IDFC Infrastructure 4.4% 0.6% 5.3% DSP World Mining 4.4% 25.5% 11.5% DSP Small Cap 3.9% 4.8% 3.2% Source: Kuvera.in

Top 5 worst performing funds Name 1W 1Y 3Y SBI Banking & Financial Services -1.1% 23.1% 24.5% Taurus Banking & Financial Services -1.1% 26.7% 22.9% JM Equity Hybrid -0.9% -6.6% 4.1% IDBI Banking & Financial Services -0.9% 18.3% NA Axis Bluechip -0.9% 20.9% 21.7% Source: Kuvera.in

What Investors Bought We saw the most inflows in these 5 Funds – Name 1W 1Y 3Y Parag Parikh Long Term Equity 0.4% 16.6% 14.9% Axis Bluechip -0.9% 20.9% 21.7% Axis Long Term Equity -0.4% 17.7% 18.6% Mirae Asset Emerging Bluechip 1.2% 19.3% 18.3% Mirae Asset Tax Saver 0.9% 19.6% 19.9% Source: Kuvera.in

What Investors Sold We saw the most outflows in these 5 Funds – Name 1W 1Y 3Y Aditya Birla Sun Life Equity 0.1% 12.3% 12.5% DSP Equal Nifty 50 0.2% 6.8% NA Nippon India Small Cap 2.7% 1.2% 11.1% IDFC Arbitrage 0.3% 7.0% 6.8% Principal Emerging Bluechip 0.4% 10.4% 13.2% Source: Kuvera.in

Most Watchlisted Fund Top 5 funds added to watchlist by Kuverians Name 1W 1Y 3Y Axis Bluechip -0.9% 20.9% 21.7% SBI Banking & Financial Services -1.1% 23.1% 24.5% Mirae Asset Emerging Bluechip 1.2% 19.3% 18.3% Tata Banking & Financial Services -0.7% 29.5% 23.8% Axis Focused 25 -0.7% 18.5% 20.1% Source: Kuvera.in

Top ELSS funds Name 1W 1Y 3Y Nippon India Tax Saver 1.8% 5.8% 6.5% SBI Magnum Tax Gain Scheme 1.2% 7.6% 9.3% PGIM India Long Term Equity 1.0% 12.5% 14.2% IDFC Tax Advantage 0.9% 6.3% 13.5% Mirae Asset Tax Saver 0.9% 19.6% 19.9% Source: Kuvera.in

 

Movers & Shakers

1/ Union Mutual Fund has announced that Deep Mehta, Co-Fund Manager of Union Liquid Fund and a Key Personnel of Union Asset Management Company Private Limited has resigned from the AMC. Devesh Thacker will continue as the fund manager of the scheme.

2/ IDFC Mutual Fund has announced that Nishita Doshi been appointed as a Fund Manager and Key Personnel of the company.

3/ Mirae Asset Mutual Fund has announced that Neelesh Surana ceases to be the fund manager of Mirae Asset Large Cap Fund. Gaurav Misra and Harshad Borawake will continue as fund managers of the scheme.

 

Quote of the week:

 

 

Go a little easier on yourself, and in so doing, be prepared to make and do things that might seem silly at first. Just keep moving: don’t ruminate and stare at the wall. Don’t just play with your phone: go out and produce something.

: Merlin Mann

 

 

Interested in how we think about the markets?

Read more: Zen And The Art Of Investing

 

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