Goal planning, MF folio growth & FT voting.

What is goal planning and why is it important? What is a glide path and how should an investor reduce risk through rebalancing as financial goals come closer?  In this weeks #KuveraInsights, we talk about goals and more with Swarup, CEO of Mirae Asset and Niraj, Markets Editor – Bloomberg Quint. 



Mutual fund industry added 6.83 lakh folios in the month of April taking the total number of folios up from 8.97 crores to 9.04 crore. While equity and equity-linked saving schemes saw addition of 6 lakh folios in April, the folio count of debt-oriented schemes dropped by 4.37 lakh in the same period. This is followed by addition of 9 lakh folios in March, 3 lakh folios in February and 14 lakh folios in January.

Source: AMFI


Franklin Templeton Mutual Fund has started the e-voting process for liquidation of its six debt schemes. This is to seek unitholder consent and decide between two proposed courses of action by a simple majority of votes cast, for each scheme. Unitholders have to first confirm their intent to participate in the e-voting process here.  The e-voting will remain open from 9:00 AM on 9 June to 6:00 PM on 11 June, and also during the time of VC unitholders meeting – 9:00 AM to 10:30 AM on 12 June. 

At the time of voting, unitholders will have the option to choose between the trustee (Franklin Templeton Trustee Services Private Limited) or Deloitte. Please note that unitholders should cast their vote separately for each scheme in which they hold units. Also, if unitholders abstain from voting or do not choose from one of two options, it may delay the liquidation process entirely. So if you are a unitholder in one or more of the six schemes, please visit this link, review the materials carefully and register to cast your vote on the above dates.



Index Returns

Index 1W 1Y 3Y
NIFTY 50 6.0% -19.1% -0.1%
NIFTY NEXT 50 4.5% -12.8% -2.2%
S&P BSE SENSEX 5.7% -17.8% 1.4%
S&P BSE SmallCap 3.5% -26.9% -9.8%
S&P BSE MidCap 5.1% -20.9% -6.2%
NASDAQ 100 1.5% 32.2% 18.1%
S&P 500 3.0% 9.3% 8.0%

Source: BSE / NSE


Top 5 best performing funds

Name 1W 1Y 3Y
HSBC Brazil 13.8% -27.0% -3.2%
UTI Banking & Financial 10.1% -41.0% -10.8%
Invesco India Financial Services 9.9% -26.3% -0.9%
IDBI Banking & Financial 9.8% -30.5% NA
Sundaram Financial Services 9.8% -26.6% -3.9%

Source: Kuvera.in


Top 5 worst performing funds

Name 1W 1Y 3Y
Edelweiss Greater China Equity -3.5% 38.5% 17.5%
HDFC Gold -2.0% 45.2% 16.3%
SBI Gold -1.9% 45.8% 16.6%
PGIM India Global Equity -1.7% 30.7% 20.5%
ICICI Pru Regular Gold Saving -1.6% 44.3% 15.7%

Source: Kuvera.in


What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Parag Parikh Long Term Equity 3.9% 0.9% 8.4%
Axis Bluechip 2.6% -7.0% 8.4%
Kotak Equity Arbitrage 0.6% 6.9% 6.8%
Kotak Standard Multicap 5.7% -17.3% 0.8%
Axis Mid Cap 2.1% -1.5% 9.5%

Source: Kuvera.in


What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
Nippon India Arbitrage 0.5% 7.0% 7.1%
ABSL Regular Saving 1.4% 3.2% 10.7%
ICICI Prudential Equity & Debt 3.7% -12.8% 1.2%
Axis Arbitrage 0.4% 7.0% 6.9%
Franklin Dynamic PEFund… 3.7% -23.3% -3.3%

Source: Kuvera.in


Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Axis Bluechip 2.6% -7.0% 8.4%
Franklin India US Opp… 1.9% 32.3% 21.9%
Parag Parikh Long Term Equity 3.9% 0.9% 8.4%
Motilal Oswal S&P 500 Index 2.3% NA NA
SBI Gold -1.9% 45.8% 16.6%

Source: Kuvera.in


Top ELSS funds

Name 1W 1Y 3Y
Mirae Asset Tax Saver 6.2% -13.7% 3.7%
Motilal Oswal Long Term Equity 6.2% -14.4% -1.0%
Franklin India Taxshield 5.9% -24.0% -3.9%
HDFC Tax Saver 5.8% -25.1% -5.9%
Principal Tax Saving 5.7% -19.7% -2.2%

Source: Kuvera.in



Movers & Shakers

1/ Edelweiss Mutual Fund has appointed Karan Datta as an independent director on the board of Edelweiss Asset Management Limited.

2/ DSP Mutual Fund has announced that Gopal Agrawal has resigned from his role as a senior fund manager at the fund house. Vinit Sambre, head of equities of DSP MF will take on the fund managerial responsibilities in his stead.


Quote of the week:



Thinking too much leads to paralysis by analysis. It’s important to think things through, but many use thinking as a means of avoiding action.

: Robert Herjavec




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