Highest SIPs, ELSS flows & more!

Inflows into equity funds stood at Rs 4,432.2 crore in December, an increase of Rs 3,499.2 crore from November. The assets under management (AUM) of the mutual fund industry stood at Rs 26.5 lakh crore at the end of the calendar year 2019, an increase of 10% from the previous year. The AUM of the 44-player industry has more than doubled from Rs 10.5 lakh crore in December 2014. 

The mutual fund industry witnessed its highest ever SIP inflows in December at Rs 8,518 crore, a 3% increase from Rs 8,273 crore in November. AMFI data indicates that mutual funds added an average of 9.55 lakh SIPs per month during the financial year 2019-20. The average SIP size stood at about Rs 2,850 per SIP during this period. 

UTI Mutual Fund has announced it has recovered Rs 20 crore  from Altico Capital India, as part-payment of its debt investment. Pursuant to the downgrading of securities of Altico Capital in September 2019, certain UTI Mutual Fund schemes marked down their respective exposures to the company by 75 %. In its press release, the AMC stated that the schemes with exposure to Altico have received and accounted for the part-payment.

Two Tax Saving ELSS funds featured in the top 5 most bought fund on Kuvera this week. Visit our ELSS Help Center to learn everything you need to know to save taxes while investing in Mutual Funds. You can find ELSS funds on Kuvera here.

 

Index Returns

Index 1W 1Y 3Y
NIFTY 50 0.2% 13.3% 13.9%
NIFTY NEXT 50 0.3% 2.7% 8.6%
S&P BSE SENSEX 0.3% 15.2% 15.6%
S&P BSE SmallCap 1.1% -3.3% 4.0%
S&P BSE MidCap 0.3% -0.2% 6.8%
NASDAQ 100 2.0% 35.3% 21.2%
S&P 500 0.9% 25.7% 12.9%

Source: BSE / NSE

 

Top 5 best performing funds

Name 1W 1Y 3Y
PGIM India Global Equity Opportunities 2.9% 26.5% 15.7%
Union Small Cap 2.1% 7.3% 6.1%
DSP Small Cap 1.8% 6.6% 3.4%
L&T Business Cycles 1.8% 9.7% 8.6%
Aditya Birla Sun Life Small Cap 1.7% -5.6% 3.7%

Source: Kuvera.in

 

Top 5 worst performing funds

Name 1W 1Y 3Y
Kotak World Gold -2.6% 35.3% 3.1%
DSP World Mining -2.4% 14.9% 8.0%
DSP Natural Resources & New Energy -2.2% 9.2% 7.1%
DSP World Gold -2.2% 27.9% 3.5%
HSBC Brazil -2.1% 12.6% 13.0%

Source: Kuvera.in

 

What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Parag Parikh Long Term Equity 0.3% 15.9% 14.6%
Mirae Asset Emerging Bluechip 0.5% 18.1% 17.9%
Axis Bluechip 0.5% 21.3% 21.5%
Axis Long Term Equity 0.5% 19.9% 18.6%
Mirae Asset Tax Saver 0.4% 18.1% 19.3%

Source: Kuvera.in

 

What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
Nippon India Small Cap 1.3% 2.3% 10.6%
Aditya Birla Sun Life Arbitrage 0.1% 6.9% 6.7%
Principal Hybrid Equity 0.2% 4.3% 11.8%
Nippon India Arbitrage 0.1% 7.0% 6.9%
ICICI Prudential Value Discovery -0.1% 2.5% 6.9%

Source: Kuvera.in

 

Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Axis Bluechip 0.5% 21.3% 21.5%
SBI Banking & Financial Services 0.3% 22.9% 23.9%
Mirae Asset Emerging Bluechip 0.5% 18.1% 17.9%
Tata Banking & Financial Services 0.3% 27.2% 23.1%
Axis Focused 25 0.7% 20.7% 20.1%

Source: Kuvera.in

 

Top ELSS funds

Name 1W 1Y 3Y
BNP Paribas Long Term Equity 1.1% 16.7% 15.0%
JM Tax Gain 1.1% 18.2% 16.4%
IDBI Equity Advantage 1.0% 11.6% 13.0%
Kotak Tax Saver 1.0% 16.1% 14.3%
Motilal Oswal Long Term Equity 1.0% 17.5% 15.0%

Source: Kuvera.in

 

Movers & Shakers

1/ IDBI Mutual Fund has announced that Raj Kishore Singh has been appointed as Managing Director and Chief Executive Officer of IDBI Asset Management Limited.

2/ Taurus Mutual Fund has announced that Basvraj Shetty has been appointed as Fund Manager of Taurus Liquid Fund & Key Personnel of Taurus Asset Management Company Limited.

3/ Aditya Birla Sun Life Mutual Fund has appointed Vineet Maloo as joint fund manager of Aditya Birla Sun Life PSU Equity Fund. Maloo will share the fund managerial responsibilities of the scheme with Mahesh Patil.

 

Quote of the week:

 

 

Where do the evils like corruption arise from? It comes from the never-ending greed. The fight for corruption-free ethical society will have to be fought against this greed and replace it with ‘what can I give’ spirit.

: A. P. J. Abdul Kalam

 

 

Interested in how we think about the markets?

Read more: Zen And The Art Of Investing

 

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