Last Week in Mutual Funds: 16th February

All that you need to know about Mutual Funds this week

 

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We salute the brave jawans of Central Reserve Police Forces who lost their lives in service of the nation and pray for the wellbeing of their families.

Show your support at https://bharatkeveer.gov.in/

 

The market was bearish this week amid mixed global cues. The large-cap indices ended each day of the week in red, with the Sensex falling by 2.02% while Nifty50 was down by 2%.

Yet another fund is set to join the roster of index funds available for mutual fund investors, with Reliance launching the NFO of Reliance Junior BeES FoF on 18/Feb. The scheme aims to replicate the performance of the Nifty Next 50 Index.

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,546.48 35,808.95 -2.02%
Nifty 10,943.60 10,724.40 -2.00%
S&P BSE SmallCap 13,656.75 13,252.81 -2.96%
S&P BSE MidCap 14,328.81 13,940.54 -2.71%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
RELIANCE JAPAN EQUITY 2.0% 11.4% Sectoral
PRINCIPAL GLOBAL OPP. 1.9% 16.0% Fund of Funds
INVESCO INDIA GOLD 1.9% 5.3% Fund of Funds
FRANKLIN INDIA FF US OPP. 1.9% 19.0% Fund of Funds
EDELWEISS GREATER CHINA 1.4% 17.9% Fund of Funds

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
DSP NATURAL RESOURCES -5.3% 22.4% Sectoral
SBI HEALTHCARE OPP. -4.4% -3.1% Sectoral
INVESCO INDIA PSU EQUITY -4.2% 10.9% Sectoral
RELIANCE PHARMA -4.2% 5.6% Sectoral
RELIANCE SMALL CAP -4.1% 15.7% Small Cap

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
UTI LONG TERM EQUITY  -1.8% 13.9% ELSS
ABSL TAX RELIEF96 -1.8% 17.0% ELSS
HDFC TAX SAVER -1.8% 15.8% ELSS
QUANTUM TAX SAVING -2.0% 14.5% ELSS
LIC MF TAX -2.1% 16.6% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
CANARA ROBECO EQUITY TAX SAVER -3.4% 16.8% ELSS
EDELWEISS LONG TERM EQUITY -3.3% 12.7% ELSS
IDBI EQUITY ADVANTAGE -3.3% 12.6% ELSS
PRINCIPAL TAX SAVING -3.1% 18.5% ELSS
HSBC TAX SAVER EQUITY -3.0% 14.5% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET EMERGING BLUECHIP -4.5% 19.4% Large & Mid Cap
HDFC SMALL CAP -12.0% 22.2% Small Cap
L&T EMERGING BUSINESSES -18.0% 21.1% Small Cap
PARAG PARIKH LONG TERM EQUITY  3.8% 16.7% Multi Cap
KOTAK STANDARD MULTICAP -0.8% 18.4% Multi Cap

Source – Kuvera.in

 

What investors sold:

We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –

Name 1Y 3Y Category
MIRAE ASSET INDIA EQUITY 1.0% 20.3% Multi Cap
SBI BLUE CHIP -4.9% 13.2% Large Cap
FRANKLIN INDIA SMALLER COMPANIES -18.6% 13.7% Small Cap
HDFC MID CAP OPPORTUNITIES -12.8% 16.1% Mid Cap
HDFC HYBRID EQUITY  -9.9% 15.3% Aggressive Hybrid

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Union Mutual Fund has announced the merger of Union Asset Allocation Fund (Merging Scheme) with Union Balanced Advantage Fund (Surviving Scheme). There will be no changes in the fundamental attributes of the Union Balanced Advantage Fund (Surviving Scheme). Unit holders of Union Asset Allocation Fund who do not wish to retain their holdings in the scheme can redeem their units without any exit load between 18/Feb and 19/Mar 2019.

2/ Canara Robeco Mutual Fund has announced the change in Fund managers for Canara Robeco Capital Protection Oriented Fund – Series 10. The equity portfolio will be handled by Cheenu Gupta while the Debt portfolio will continue to be managed by Suman Prasad.

3/Reports suggest that Himanshu Vyapak, the Deputy CEO of Reliance Nippon Life Asset Management, has resigned from his post. However, Reliance AMC is yet to issue an official statement in this regard.

 

Quote of the week:

Do not let the behavior of others destroy your inner peace.

:Dalai Lama

 

This market update was initially published by CNBCTV18 in the Personal Finance section.

Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

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