EPF tracking, fund inflows, PMS reforms and more!

After the launch of SaveSmart, India’s best deposit account,  and Digital Gold SIP in January, we are happy to announce the launch of EPF tracking. It is a much-requested feature and is still under final development so do let us know your views on how we can improve it. Ps: mapping of EPF to your retirement goal is coming soon 🙂

 

The mutual fund industry witnessed inflows of Rs 7,877 crore in equity schemes in January, up 70% from December where the inflows stood at Rs 4,499 crore. The Assets under Management (AUM) of the mutual fund industry rose to Rs 27.85 lakh crore in January from Rs 26.54 lakh crore in the previous month.

 

 

The total AUM inflow through SIPs till date touched Rs 3.24 lakh crore in January. The total inflows through SIPs stood at Rs 82,929 crore for the current financial year. In January, the mutual fund industry saw 12.07 lakh new SIP folios added.

 

SEBI has banned upfront distributor commissions and introduced direct plans for PMS investments. While PMS providers can charge annual fees as a percentage of the investor’s corpus they have been barred from charging upfront fees to customers directly or indirectly. In it’s circular published on 13 February, SEBI has also introduced a direct option for those PMS investors who do not wish to invest through distributors. Maximum exit load that can be charged in PMS schemes has been capped at 3%, 2% and 1% in the first, second and third year of investment, respectively.

 

On the macro front, retail inflation in India rose to the highest since May 2014. Consumer Price Index inflation stood at 7.59% in January 2020 compared to 1.97% in January 2019, as per data from the National Statistics Office. This is the second consecutive month that retail inflation has remained above the upper limit of 6 per cent set by RBI.

 

Index Returns

Index 1W 1Y 3Y
NIFTY 50 0.1% 12.7% 11.3%
NIFTY NEXT 50 -1.9% 9.8% 5.9%
S&P BSE SENSEX 0.3% 15.0% 13.3%
S&P BSE SmallCap -1.1% 9.8% 3.0%
S&P BSE MidCap -1.5% 11.0% 5.5%
NASDAQ 100 2.4% 36.9% 22.2%
S&P 500 1.6% 23.0% 13.1%

Source: BSE / NSE

Top 5 best performing funds

Name 1W 1Y 3Y
PGIM India Global Equity  2.6% 26.5% 17.9%
Edelweiss Greater China Equity  2.6% 32.7% 19.9%
Franklin India Feeder US Opp… 2.5% 29.1% 21.3%
Mirae Asset Healthcare 2.4% 18.7% NA
SBI Healthcare Opportunities 2.4% 14.7% 0.6%

Source: Kuvera.in

Top 5 worst performing funds

Name 1W 1Y 3Y
HDFC Infrastructure -4.4% 2.3% -4.1%
ICICI Prudential Midcap -3.2% 10.7% 6.4%
ICICI Prudential Yield Equity -3.2% 3.6% 2.7%
Kotak Infrastructure & Economic -3.0% 18.3% 6.0%
Nippon India Tax Saver -2.9% 9.2% 2.2%

Source: Kuvera.in

What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Mirae Asset Emerging Bluechip -0.5% 22.2% 14.6%
Axis Bluechip 1.5% 25.4% 20.4%
Parag Parikh Long Term Equity 0.2% 17.4% 14.6%
Axis Mid Cap -0.2% 25.3% 18.8%
Axis Small Cap -0.2% 38.8% 16.6%

Source: Kuvera.in

What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
DSP Nifty 50 Index 0.1% NA NA
Aditya Birla Sun Life Frontline -0.4% 12.7% 9.1%
HDFC Mid Cap Opportunities -0.5% 14.1% 7.4%
HDFC Small Cap -1.9% -0.8% 9.4%
ICICI Prudential Smallcap -0.5% 28.9% 7.6%

Source: Kuvera.in

Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Axis Bluechip 1.5% 25.4% 20.4%
SBI Banking & Financial -0.6% 27.1% 21.0%
Axis Focused 25 0.9% 28.8% 19.0%
Mirae Asset Emerging Bluechip -0.5% 22.2% 14.6%
Axis Long Term Equity 0.7% 27.4% 17.9%

Source: Kuvera.in

Top ELSS funds

Name 1W 1Y 3Y
Canara Robeco Equity Tax Saver 1.5% 22.7% 15.2%
BOI AXA Tax Advantage 1.2% 31.3% 15.4%
Axis Long Term Equity 0.7% 27.4% 17.9%
Aditya Birla Sun Life Tax Relief96 0.7% 13.4% 12.6%
Taurus Taxshield 0.6% 13.5% 12.6%

Source: Kuvera.in

Movers & Shakers

1/ SBI Mutual Fund has approved the change in scheme name of SBI Magnum Taxgain Scheme to SBI Long Term Equity Fund with effect from 17 February 2020.

2/ Sundaram Mutual Fund has announced that Dwijendra Srivastava has been appointed as the co-Fund Manager (Fixed Income) of Sundaram Arbitrage Fund, with effect from 04 February 2020.

3/ Canara Robeco Mutual Fund has announced that R A Sankara Narayanan, Associate Director has resigned from the services of Canara Robeco Asset Management Company Limited, with immediate effect.

 

Quote of the week:

 

 

Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money.

: Jonathan Clements

 

 

Interested in how we think about the markets?

Read more: Zen And The Art Of Investing

 

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2 Responses

  • Ravi Paul

    February 27, 2020 AT 02:29

    Please help me understand how to update EPFO balance in regular interval?


    • Gaurav Rastogi

      March 2, 2020 AT 01:20

      We will release this feature shortly, in the next few weeks.