8 Consecutive Down Days, Increasing SIP & Other MF News

All that you need to know about Mutual Funds this week

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This is the 16th instance, since 1990, when NIFTY had eight consecutive down sessions. Sensex fell 3.85% and ended the week below the 38,000 level while Nifty dropped by 3.70% and closed below the 11,300 level.

Of the last 15 times when Nifty has had eight consecutive down days, the average return after 6 months has been 5.9%. The best outcome was when Nifty rallied 39.6% in 6 months after falling for 8 consecutive sessions in Nov-98. The worst was in Oct-94 when Nifty fell a further 25.9% in the next 6 months.

 

 

Gold funds outperformed this week, with all 5 of the top performing funds from the category of Fund of Funds (FoF) investing in Gold. Before you see this as a sign to rush into gold funds, do check out the longer term performance of gold.

Source: Google Finance

The Assets Under Management (AUM) of the Indian Mutual fund industry rose to Rs 25.27 lakh crore in April, as per AMFI data. In comparison, the average AUM of the industry stood at Rs 23.25 lakh crore in the same month last year. Net inflows into equity mutual funds stood at Rs 4,609 crore in April down from Rs 11,756 crore in the previous month. However, the SIP book grew to an all-time high of Rs 8,238 crore in April. 

 

Index Returns
Index Weekly open Weekly close Change
BSE Sensex 38,963.26 37,462.99 -3.85%
Nifty 11,712.25 11,278.90 -3.70%
S&P BSE SmallCap 14,548.15 14,105.73 -3.04%
S&P BSE MidCap 14,783.35 14,389.76 -2.66%

Source- BSE/NSE

 

Top 5 best performing funds
Name Week 3Y Category
INVESCO INDIA GOLD 2.6% 0.5% Fund of Funds
SBI GOLD 2.0% 1.1% Fund of Funds
ICICI PRU GOLD SAVING  1.7% 0.6% Fund of Funds
HDFC GOLD  1.6% 1.3% Fund of Funds
IDBI GOLD 1.3% -0.3% Fund of Funds

Source – Kuvera.in

 

Top 5 worst performing funds
Name Week 3Y Category
CANARA ROBECO GOLD  -4.9% -1.2% Fund of Funds
HSBC INFRA EQUITY -4.6% 2.6% Sectoral
FRANKLIN ASIAN EQUITY  -4.5% 12.8% Sectoral
FRANKLIN INDIA FOCUSED EQ -4.4% 13.6% Focused Fund
FRANKLIN INDIA TECH -4.4% 13.4% Sectoral

Source – Kuvera.in

 

Top 5 best performing ELSS funds
Name Week 3Y Category
ICICI PRU LTE -2.0% 13.2% ELSS
QUANTUM TAX SAVING -2.2% 11.2% ELSS
IDBI EQUITY ADVANTAGE  -2.5% 10.0% ELSS
MOTILAL OSWAL LTE -2.6% 15.3% ELSS
LIC MF TAX -2.6% 13.1% ELSS

Source – Kuvera.in

 

What investors bought

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
PARAG PARIKH LTE 6.1% 14.2% Multi Cap
UTI NIFTY INDEX  6.4% 14.0% Index
KOTAK STANDARD MULTICAP 5.2% 16.2% Multi Cap
HDFC SMALL CAP -10.9% 18.0% Small Cap
MIRAE ASSET LARGE CAP 5.7% 16.9% Large Cap

Source – Kuvera.in

 

What investors sold

We saw the most outflows in these 5 Funds –

Name 1Y 3Y Category
HDFC EQUITY 4.8% 15.9% Multi Cap
ICICI PRU EQUITY & DEBT 3.8% 14.2% Aggressive Hybrid
ICICI PRU VALUE DISCOVERY -1.6% 9.2% Value Fund
SBI BLUE CHIP -0.7% 11.0% Large Cap
HDFC HYBRID EQUITY -0.1% 11.6% Aggressive Hybrid

Source – Kuvera.in

 

Movers & Shakers

1/ UTI Mutual Fund has proposed to change the name of the UTI India Lifestyle Fund to UTI India Consumer Fund with effect from May 10, 2019

2/ YES Mutual Fund has announced that Nirav Dalal has ceased to be the Chief Executive Officer (CEO) of the AMC. Kanwar Vivek will take over the role of CEO from 7th May.

Quote of the week:

Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes

: Jack Bogle

 

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