Foreign Inflows, Switch, Ratings Downgrade & More!

All that you need to know about Mutual Funds this week

Read the third chapter of our serialized book Zen And the Art of Investing: Do you have an information advantage to beat the markets?

Franklin Templeton Mutual Fund announced that going forward, no exit load would be applicable for switches made from Regular funds to Direct funds in schemes of the AMC. 

Foreign inflows into Indian capital markets are at an 18-month high, as foreign institutional investors turned net buyers for the third consecutive month in April. Indian equity markets have seen more than Rs 72,000 crore in net foreign inflows during Feb-April 2019. In comparison, there was an outflow of Rs 5,321 crore during the same period in 2018.

Bombay Stock Exchange’s online Mutual Fund platform, BSE Star MF, now accounts for 40% of all new subscribers to the Mutual Fund industry. BSE Star MF handles 20% of all Mutual Fund transactions. 

Select Mutual Fund Houses have been impacted due to the rating downgrade of the underlying securities of their schemes. Reliance Mutual Fund is one amongst the AMCs to be impacted by the downgrading of securities of ADAG Group. The AMC has addressed the impact on the NAV of select schemes in a note to its investors. 

 

Index Returns
Index Weekly open Weekly close Change
BSE Sensex 39,067.33 38,963.26 -0.27%
Nifty 11,754.65 11,712.25 -0.36%
S&P BSE SmallCap 14,813.38 14,548.15 -1.79%
S&P BSE MidCap 15,063.99 14,783.35 -1.86%

Source- BSE/NSE

 

Top 5 best performing funds
Name Week 3Y Category
DSP NAT RESOURCES 3.8% 20.9% Sectoral
SUNDARAM FINSERV OPP 2.0% 17.8% Sectoral
FRANKLIN INDIA TECH 2.0% 14.6% Sectoral
DHFL GLOBAL EQUITY 1.9% 12.5% Fund of Funds
TATA BANKING & FINSER 1.7% 23.6% Sectoral

Source – Kuvera.in

 

Top 5 worst performing funds

Version 1: All funds

Name Week 3Y Category
UTI BANK & PSU DEBT -6.6% 4.8% Debt
DSP WORLD MINING  -3.3% 10.1% Fund of Funds
RELIANCE HYBRID EQ -3.2% 11.2% Aggressive Hybrid
RELIANCE STRATEGIC -2.6% 7.1% Debt
UTI DYNAMIC BOND -2.6% 6.5% Dynamic Bond Fund

Source – Kuvera.in

Version 2: Equity only

Name Week 3Y Category
DSP WORLD MINING  -3.3% 10.1% Fund of Funds
RELIANCE EQUITY HYBRID -3.2% 11.2% Aggressive Hybrid
UTI TRANSPORTATION & LOGISTICS -2.2% 4.5% Sectoral
JM CORE 11  -2.1% 19.9% Focused Fund
IDBI MIDCAP -2.0% 4.9% Mid Cap

Source – Kuvera.in

 

Top 5 best performing ELSS funds
Name Week 3Y Category
HDFC TAX SAVER 0.8% 14.4% ELSS
AXIS LONG TERM EQ 0.7% 15.5% ELSS
DHFL LONG TERM EQ 0.7% 15.0% ELSS
KOTAK TAX SAVER  0.6% 16.3% ELSS
TAURUS TAXSHIELD 0.5% 16.7% ELSS

Source – Kuvera.in

 

What investors bought

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
MIRAE INDIA EQUITY 9.5% 18.2% Large Cap
UTI NIFTY INDEX  10.6% 15.7% Index
MIRAE EMERGING BLUE 5.9% 20.4% Large & Mid Cap
HDFC SMALL CAP -8.1% 19.6% Small Cap
PARAG PARIKH LTE 8.1% 14.8% Multi Cap

Source – Kuvera.in

 

What investors sold

We saw the most outflows in these 5 Funds –

Name 1Y 3Y Category
ICICI PRU EQUITY & DEBT 6.3% 14.9% Aggressive Hybrid
SBI EQUITY HYBRID 6.2% 13.1% Aggressive Hybrid
AXIS DYNAMIC EQUITY 5.2% 7.2% Balanced Adv
MOSL MULTICAP 35 -4.2% 15.6% Multi Cap
ICICI VALUE DISCOVERY 1.2% 10.3% Value

Source – Kuvera.in

 

Movers & Shakers

1/ UTI Mutual Fund has announced that Fund Manager of UTI Multi Asset Fund will be changing from V Srivatsa to Sanjay Ramdas Dongre.

2/ Fund manager of Franklin India Dynamic PE Ratio FoF and Franklin India Multi Asset Solution Fund is changed from Anand Radhakrishnan to Paul S Parampreet.

Quote of the week:

Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline.

: Philip Roth

 

Start investing through a platform that brings goal planning and investing to your fingertips. Visit kuvera.in to discover Direct Plans and start investing today.

#MutualFundSahiHai, #KuveraSabseSahiHai!

Leave a Comment