All that you need to know about Mutual Funds this week
In an otherwise postive week for the markets, Pharma & Healthcare funds lagged. Four of the five worst performing funds this week belong to the Pharma & Healthcare sector. Gold and mining funds out-performed, with four of the five top performing funds this week from those sectors.
Reliance Capital invited Japan’s Nippon Life Insurance to acquire up to 42.88% stake that Reliance has in Reliance Nippon Life Asset Management (RNAM). If the deal goes through, Japan’s Nippon Life Insurance will hold 85.76% in the AMC. It already holds 42.88% in RNAM. Stock Price of RNAM closed on Friday at Rs 198.45, following a spike from lows of Rs 140 touched during early 2019.
AMFI data shows that while SIP inflows have remained steady at Rs 8,022.33 crore in December & Rs 8,063.67 crore in January, the number of SIP discontinuations in this fiscal has increased from 3.99 lakh in April to 5.36 lakh in December 2018. The net SIP registration has fallen 61% to 1.87 lakh.
Kotak Mutual Fund has requested SEBI’s approval for Kotak International REIT Fund. This will be the first REIT Mutual Fund available to Indian investors. This open-ended fund of fund proposes to invest 95% of assets in units of SMAM ASIA REIT Sub Trust fund and/or other similar overseas funds, and the balance to debt, money market instruments, or units of liquid schemes.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 35,808.95 | 35,871.48 | 0.17% |
| Nifty | 10,724.40 | 10,791.65 | 0.63% |
| S&P BSE SmallCap | 13,252.81 | 13,517.71 | 2.00% |
| S&P BSE MidCap | 13,940.54 | 14,169.74 | 1.64% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| DSP WORLD GOLD | 5.8% | 6.4% | Fund of Funds |
| KOTAK WORLD GOLD | 5.1% | 3.5% | Fund of Funds |
| DSP WORLD MINING | 3.9% | 20.3% | Fund of Funds |
| DSP NATURAL RESOURCES | 3.0% | 21.5% | Fund of Funds |
| HDFC INFRASTRUCTURE | 2.7% | 5.8% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| RELIANCE PHARMA | -1.8% | 3.9% | Sectoral |
| SBI HEALTHCARE OPP | -1.8% | -4.2% | Sectoral |
| TATA DIGITAL INDIA | -1.7% | 15.7% | Sectoral |
| TATA INDIA PHARMA AND HEALTHCARE | -1.6% | -3.1% | Sectoral |
| MIRAE ASSET HEALTHCARE | -1.4% | NA | Sectoral |
Source – Kuvera.in
Top 5 best performing ELSS funds
| Name | Week | 3Y | Category |
| HDFC TAX SAVER | 1.8% | 15.1% | ELSS |
| ICICI PRU LONG TERM EQUITY | 1.6% | 13.8% | ELSS |
| DSP TAX SAVER | 1.0% | 16.3% | ELSS |
| FRANKLIN INDIA TAXSHIELD | 1.0% | 12.4% | ELSS |
| QUANTUM TAX SAVING | 0.9% | 13.5% | ELSS |
Source – Kuvera.in
Top 5 worst performing ELSS funds:
| Name | Week | 3Y | Category |
| IDBI EQUITY ADVANTAGE | -1.9% | 11.5% | ELSS |
| AXIS LONG TERM EQUITY | -0.7% | 14.8% | ELSS |
| MAHINDRA MUTUAL KAR BACHAT YOJANA | -0.5% | NA | ELSS |
| ABSL TAX RELIEF96 | -0.4% | 16.0% | ELSS |
| DHFL PRAMERICA LONG TERM EQUITY | -0.3% | 14.5% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| MIRAE ASSET INDIA EQUITY | 2.9% | 19.2% | Multi Cap |
| AXIS BLUECHIP | 10.2% | 17.5% | Large Cap |
| AXIS FOCUSED 25 | 1.7% | 19.1% | Focused |
| KOTAK STANDARD MULTICAP | 1.2% | 17.6% | Multi Cap |
| PARAG PARIKH LONG TERM EQUITY | 3.8% | 15.7% | Multi Cap |
Source – Kuvera.in
What investors sold:
We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –
| Name | 1Y | 3Y | Category |
| ICICI PRU VALUE DISCOVERY | -4.2% | 11.2% | Value |
| HDFC BALANCE ADVANTAGE | -0.5% | 17.8% | Hybrid |
| HDFC MID CAP OPP | -10.2% | 15.5% | Mid Cap |
| FRANKLIN INDIA EQUITY | -2.1% | 12.7% | Multi Cap |
| DSP EQUITY OPPORTUNITIES | -5.8% | 16.6% | Large &Mid Cap |
Source – Kuvera.in
Movers and shakers at fund house:
1/ Mr Sachin Relekar, Fund Manager – Equity, LIC Mutual Fund has been re-designated as Chief Investment Officer (CIO) – Equity of LIC Mutual Fund with immediate effect. He will continue to be the Fund Manager for the schemes which he is managing currently.
Quote of the week:
It does not matter how slowly you go as long as you do not stop.
: Confucius
This market update was initially published by CNBCTV18 in the Personal Finance section.
Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
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