All that you need to know about Mutual Funds this week
The market surged last week with large-cap index and thus large cap Mutual Funds leading the rally. Overall risk appetite improved after foreign investors ramped up buying in the domestic equity market. The Sensex crossed the psychological 38,000 level.
Infrastructure funds continued their out-performance for the second consecutive week, with four of the five top performing funds last week from this sector.
India’s trade deficit fell to a 17-month low in February, as imports fell owing to a sharp drop in oil purchase cost and exports rose by 2.4%.
Our CEO Gaurav Rastogi was at Mutual Fund Corner with Sumaira Abidi of CNBC-TV18, answering MF queries. If you missed it, you can watch it below.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 36,671.43 | 38,024.32 | 3.69% |
| Nifty | 11,035.40 | 11,426.85 | 3.55% |
| S&P BSE SmallCap | 14,529.06 | 14,837.18 | 2.12% |
| S&P BSE MidCap | 14,804.21 | 15,171.52 | 2.48% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| HSBC INFRASTRUCTURE EQUITY | 5.0% | 6.5% | Sectoral |
| IDFC INFRASTRUCTURE | 4.4% | 16.4% | Sectoral |
| ICICI PRU SMALLCAP | 4.4% | 11.1% | Small Cap |
| UTI INFRASTRUCTURE | 4.2% | 14.5% | Sectoral |
| SBI INFRASTRUCTURE | 4.1% | 14.0% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| FRANKLIN INDIA FEEDER EURO | -3.3% | 4.7% | Fund of Funds |
| EDELWEISS GREATER CHINA | -3.2% | 16.4% | Fund of Funds |
| CANARA ROBECO GOLD SAVING | -3.0% | 2.1% | Fund of Funds |
| DHFL PRAMERICA EURO EQUITY | -2.7% | 4.7% | Fund of Funds |
| HSBC GLOBAL EMERGING MARKETS | -2.6% | 12.1% | Fund of Funds |
Source – Kuvera.in
Top 5 best performing ELSS funds:
| Name | Week | 3Y | Category |
| HSBC TAX SAVER | 3.8% | 15.1% | ELSS |
| MO LONG TERM EQUITY | 2.9% | 19.5% | ELSS |
| HDFC TAX SAVER | 2.7% | 16.1% | ELSS |
| DSP TAX SAVER | 2.7% | 17.2% | ELSS |
| IDFC TAX ADVANTAGE | 2.7% | 18.0% | ELSS |
Source – Kuvera.in
Top 5 worst performing ELSS funds:
| Name | Week | 3Y | Category |
| QUANTUM TAX SAVING | 1.4% | 14.2% | ELSS |
| TAURUS TAXSHIELD | 1.6% | 18.3% | ELSS |
| RELIANCE TAX SAVER | 1.7% | 11.3% | ELSS |
| ABSL TAX RELIEF96 | 1.8% | 16.2% | ELSS |
| BOI AXA TAX ADVANTAGE | 1.8% | 14.3% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| MIRAE EMERGING BLUECHIP | 7.5% | 22.4% | Large &Mid Cap |
| UTI NIFTY INDEX | 10.2% | 15.8% | Index |
| MIRAE ASSET INDIA EQUITY | 9.5% | 19.5% | Multi Cap |
| HDFC SMALL CAP | -1.1% | 23.5% | Small Cap |
| PARAG PARIKH LONG TERM | 7.2% | 16.2% | Multi Cap |
Source – Kuvera.in
What investors sold:
We saw the most outflows in these 5 Funds (excluding liquid and short-term schemes) –
| Name | 1Y | 3Y | Category |
| ADITYA BIRLA SUN LIFE EQUITY | 2.5% | 17.9% | Multi Cap |
| ICICI PRU VALUE DISCOVERY | 1.0% | 12.1% | Value |
| KOTAK STANDARD MULTICAP | 7.4% | 18.6% | Multi Cap |
| TATA HYBRID EQUITY | 3.6% | 10.7% | Hybrid |
| CANARA ROBECO EMERGING EQUITIES | 1.2% | 20.8% | Hybrid |
Source – Kuvera.in
Quote of the week:
In the business world, the rearview mirror is always clearer than the windshield.:Warren Buffet
This market update was initially published by CNBCTV18 in the Personal Finance section.
Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
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