Elections, Trade Wars, Mid & Small Cap Flows & Other MF News

All that you need to know about Mutual Funds this week

Despite the heightened volatility due to ongoing Lok Sabha Elections and trade war between US and China, Sensex rose 1.25% during the last week to close at 37,930.77. This was the highest closing level of Sensex since 7 May 2019. During the same time, Nifty 50 index rose 1.14% to settle at 11,407.15, the highest closing level since 7 May 2019 for Nifty as well.

On 13th May 2019, China announced that it will raise tariffs on $60 billion worth of US goods, beginning from 1 June 2019. This announcement came after US President Donald Trump had raised duties on $200 billion worth of Chinese goods from 10% to 25%.

According to data released by AMFI (Association of Mutual Funds in India), inflows into Mid Cap and Small Cap funds have been higher than inflows in Large Cap funds during the month of April. Net inflow into Large Cap funds in April was Rs 48.27 crore, compared to Rs 491.04 crore and Rs 955.83 crore into Mid Cap and Small Cap funds respectively.


Index Returns
Index Weekly open Weekly close Change
BSE Sensex 37,462.99 37,930.77 1.25%
Nifty 11,278.90 11,407.15 1.14%
S&P BSE SmallCap 14,105.73 13,887.14 -1.55%
S&P BSE MidCap 14,389.76 14,308.36 -0.57%

Source- BSE/NSE


Top 5 best performing funds
Name Week 3Y Category
CANARA ROBECO GOLD 5.0% 1.1% Fund of Funds
INVESCO INDIA FIN SERV 2.6% 20.5% Sectoral
SUNDARAM FINA SERV 2.6% 16.1% Sectoral
TATA BANK & FIN SERV 2.6% 21.5% Sectoral
EDELWEISS EUROPE EQ 2.5% 4.7% Fund of Funds

Source – Kuvera.in


Top 5 worst performing funds
Name Week 3Y Category
HSBC BRAZIL -6.3% 12.3% Fund of Funds
SBI HEALTHCARE -5.5% -5.3% Sectoral
UTI HEALTHCARE -4.5% -1.9% Sectoral
RELIANCE PHARMA -4.2% 3.2% Sectoral

Source – Kuvera.in


Top 5 best performing ELSS funds
Name Week 3Y Category
JM TAX GAIN 1.7% 15.3% ELSS
LIC MF TAX 1.3% 13.0% ELSS

Source – Kuvera.in


What investors bought

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
KOTAK STD MULTICAP 5.0% 15.8% Multi Cap
HDFC SMALL CAP -10.0% 17.2% Small Cap
MIRAE ASSET LARGE CAP 6.0% 16.3% Large Cap
PARAG PARIKH LTE 4.6% 13.6% Multi Cap
UTI NIFTY INDEX 6.0% 13.9% Index Fund

Source – Kuvera.in


What investors sold

We saw the most outflows in these 5 Funds –

Name 1Y 3Y Category
ICICI PRU MULTI ASSET 2.4% 13.9% Hybrid
RELIANCE ARBITRAGE 7.4% 7.1% Arbitrage
HDFC CAPITAL BUILDER -3.2% 13.9% Value Cap
ABSL FOCUSED EQUITY  1.6% 12.1% Focused
HDFC MID CAP OPP -9.5% 12.3% Mid Cap

Source – Kuvera.in


Movers & Shakers

1/ LIC Mutual Fund announced that with effect from 10 May 2019, Ravi Kumar Jha will be replacing Rajesh Patwardhan as the Chief Marketing Officer of LIC Mutual Fund Asset Management Limited.

2/ Srinivas Rao Ravuri has resigned from HDFC Mutual Fund. He was managing HDFC Equity Opportunities Fund, HDFC Infrastructure Fund, and HDFC Housing Opportunities Fund.

3/ IDFC Mutual Fund has announced that Khushboo Sharma will cease to be the Fund Manager of IDFC Credit Risk Fund. Khushboo Sharma and Arvind Subramanian were co-manager of the fund.

Quote of the week:

The two most powerful warriors are patience and time.

: Leo Tolstoy


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