All that you need to know about Mutual Funds this week
Seventy-one parliamentary constituencies across nine states are gearing up for Lok Sabha elections on 29 April. We would recommend everyone to exercise their “Right to Vote”.
Data going back to 1990 suggests that election years are not more volatile or uncertain vs non-election years. We would advise investors to not get affected by election projections and not to try and time the market. Stick to your plans for long term investment growth.
S&P 500 and NASDAQ rose to all-time highs this week as US GDP data beat expectations. The U.S. economy grew at a 3.2% annualized pace in Jan – Mar quarter, ahead of expectations for 2.3% growth. Microsoft joined Apple and Amazon as only the third company to ever reach USD 1 Trillion market cap. Microsoft has also taken the mantle of the world’s most valuable company (by market cap) from Apple. International diversification matters and we recommend ICICI Prudential US Bluechip fund for international exposure.
Around 12% of retail investment in March was in Direct schemes, while 21% of HNI inflows were Direct as per AMFI Data. 41% of the total inflows into the mutual fund industry in March were Direct mostly from institutional investors.
The AUM from B30 cities (next 30 cities beyond Top 30 cities by AUM contribution) increased from Rs 3.66 lakh crore in February 2019 to Rs 3.80 lakh crore in March 2019. B30 cities contributed nearly 15% to total AUM of the mutual fund industry as of March 2019.
Mirae Asset has launched the NFO for Mirae Asset Focused Fund on 23rd April and Principal Mutual Fund has launched the NFO for Principal Small Cap Fund on 22nd April. These open-ended equity schemes will be open for subscription until 6th and 7th May respectively. You can find NFOs on Kuvera here.
Index Returns
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 39,140.28 | 39,067.33 | -0.19% |
| Nifty | 11,752.80 | 11,754.65 | 0.02% |
| S&P BSE SmallCap | 15,021.20 | 14,813.38 | -1.38% |
| S&P BSE MidCap | 15,382.57 | 15,063.99 | -2.07% |
Source- BSE/NSE
Top 5 best performing funds
| Name | Week | 3Y | Category |
| FRANKLIN FEEDER US OPP | 2.8% | 18.0% | Fund of Funds |
| HSBC BRAZIL | 2.6% | 15.2% | Fund of Funds |
| TATA DIGITAL INDIA | 2.6% | 15.8% | Sectoral |
| ICICI PRU TECHNOLOGY | 2.5% | 13.6% | Sectoral |
| ABSL GOLD | 2.3% | 2.1% | Fund of Funds |
Source – Kuvera.in
Top 5 worst performing funds
| Name | Week | 3Y | Category |
| DSP WORLD MINING | -3.9% | 12.2% | Fund of Funds |
| UTI TRANSPORT & LOGIST | -3.8% | 5.0% | Sectoral |
| DSP WORLD GOLD | -3.5% | -5.2% | Fund of Funds |
| UTI BANKING & FINSERV | -2.4% | 18.5% | Sectoral |
| BOI MANUFACTURING | -2.3% | 12.3% | Sectoral |
Source – Kuvera.in
Top 5 best performing ELSS funds
| Name | Week | 3Y | Category |
| HDFC TAX SAVER | 0.3% | 13.6% | ELSS |
| TATA INDIA TAX SAVING | 0.2% | 15.5% | ELSS |
| KOTAK TAX SAVER | 0.0% | 15.9% | ELSS |
| DSP TAX SAVER | 0.0% | 15.5% | ELSS |
| CANARA EQUITY TAX | 0.0% | 14.7% | ELSS |
Source – Kuvera.in
What investors bought
We saw the most inflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| MIRAE INDIA EQUITY | 10.4% | 17.8% | Large Cap |
| HDFC SMALL CAP | -6.9% | 19.9% | Small Cap |
| PARAG PARIKH LTE | 10.3% | 14.9% | Multi Cap |
| L&T MIDCAP | -8.8% | 16.9% | Mid Cap |
| MIRAE TAX SAVER | 8.9% | 22.2% | ELSS |
Source – Kuvera.in
What investors sold
We saw the most outflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| HDFC BALANCE ADV | 8.6% | 16.1% | Balanced |
| HDFC HYBRID EQUITY | 2.9% | 11.5% | Hybrid |
| KOTAK STANDARD MULTI | 8.1% | 17.2% | Multi Cap |
| HDFC MID CAP OPP | -6.2% | 14.8% | Mid Cap |
| ICICI PRU VALUE DISC | 1.9% | 10.0% | Value |
Source – Kuvera.in
Movers & Shakers
1/Aditya Birla Sun Life Mutual Fund has sought SEBI approval for launching Aditya Birla Sun Life Pharma & Healthcare Fund. This open-ended equity fund would be managed by Dhaval Shah.
Quote of the week:
Voting is how we participate in a civic society – be it for president, be it for a municipal election. It’s the way we teach our children – in school elections – how to be citizens, and the importance of their voice.
: Loretta Lynch
This market update was initially published by CNBCTV18 in the Personal Finance section.
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