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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