All that you need to know about Mutual Funds this week
The Chinese stock market has outperformed significantly this year. Year to date the Shanghai Stock Exchange is up 29.34% compared to 7.88% for Nifty 50.
Source: Google Finance
However, the long term track record of SSE Composite Index is suspect. We would advise caution before investing in China-specific Mutual Funds based only on the recent out performance.
Source: Google Finance
SIP inflow has risen 38% to Rs 92,693 crore in the past year. In comparison, mutual funds collected Rs 67,190 crore in FY18 via SIP mode. The mutual fund industry has added 9.13 lakh SIP accounts on average each month with average SIP size at around Rs 3,070 per account.
The Assets under Management of the mutual fund industry stood at Rs 23.80 lakh crore at the end of FY19, an 11.41% increase from Rs 21.36 lakh crore in the previous year.
SEBI has come up with a revised framework for the system audit that is to be conducted by AMCs. The regulator has also directed them to constitute a Technology Committee tasked with reviewing the cyber security and cyber resilience framework periodically.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 38,862.23 | 38,767.11 | -0.24% |
| Nifty | 11,665.95 | 11,643.45 | -0.19% |
| S&P BSE SmallCap | 15,045.87 | 15,022.18 | -0.16% |
| S&P BSE MidCap | 15,509.36 | 15,426.45 | -0.53% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| DSP WORLD GOLD | 2.3% | 1.1% | Fund of Funds |
| DSP WORLD ENERGY | 2.0% | 6.3% | Fund of Funds |
| ICICI PRU FMCG | 1.5% | 16.5% | Sectoral |
| SUNDARAM GLOBAL ADV | 1.5% | 11.1% | Fund of Funds |
| AXIS GOLD | 1.3% | 2.0% | Fund of Funds |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| ABSL BANKING & FINSERV | -1.4% | 22.6% | Sectoral |
| SUNDARAM SMALL CAP | -1.4% | 9.1% | Small Cap |
| INVESCO INDIA GOLD | -1.3% | 2.4% | Sectoral |
| SBI MAGNUM MIDCAP | -1.3% | 9.0% | Mid Cap |
| ABSL MIDCAP | -1.2% | 12.4% | Mid Cap |
Source – Kuvera.in
Top 5 best performing ELSS funds:
| Name | Week | 3Y | Category |
| RELIANCE TAX SAVER | 0.9% | 10.7% | ELSS |
| QUANTUM TAX SAVING | 0.6% | 13.8% | ELSS |
| SBI MAGNUM TAX GAIN | 0.6% | 11.8% | ELSS |
| ABSL TAX RELIEF96 | 0.4% | 16.1% | ELSS |
| MIRAE ASSET TAX SAVER | 0.3% | 23.6% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| MIRAE EMERGING BLUECHIP | 7.9% | 22.1% | Large & Mid Cap |
| MIRAE ASSET INDIA EQUITY | 11.1% | 19.1% | Large Cap |
| PARAG PARIKH LTE | 9.4% | 15.1% | Multi Cap |
| KOTAK STANDARD MULTICAP | 8.0% | 18.1% | Multi Cap |
| HDFC SMALL CAP | -2.9% | 21.6% | Small Cap |
Source – Kuvera.in
What investors sold:
We saw the most outflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| HDFC HYBRID EQUITY | 1.4% | 13.1% | Hybrid |
| CANARA ROBECO EMERGING EQUITIES | 0.6% | 19.3% | Large & Mid Cap |
| AXIS LONG TERM EQUITY | 5.2% | 16.0% | ELSS |
| SBI BLUE CHIP | 2.5% | 13.1% | Large Cap |
| MOTILAL OSWAL MULTI 35 | -4.0% | 16.8% | Multi Cap |
Source – Kuvera.in
Movers & Shakers
1/ Mirae Asset Mutual Fund has sought SEBI approval for launching Mirae Asset Midcap Fund. This open-ended scheme is expected to be managed by Ankit Jain.
Quote of the week:
Each life is made up of mistakes and learning, waiting and growing, practicing patience and being persistent.
: Billy Graham
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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