All that you need to know about Mutual Funds this week
November saw the highest FII (Foreign Institutional Investor) inflow into the Indian equity market at Rs 4,576 Crores. This was markedly higher than the previous July – 18 high of Rs 2,264 Crores but came after a huge outflow of Rs 28,921 Crores in Oct – 18.
For the first time, Mutual Funds now manage more equity assets compared to insurance companies, data from NSDL shows. Equity assets managed by insurance companies stood at Rs 9.22 Lakh Crore as compared to Rs 9.32 Lakh Crore in Mutual Funds at the end of October.
In one of the biggest successful divestment transactions, CPSE ETF, the Govt raised Rs 17,000 Crores. The offer was subscribed 3.4 times by 5 pm and received about 1.25 lakh applications.
GDP Growth rate for Sep Quarter has fallen down to 7.1%, lower than the 8.2% growth rate for the first quarter of FY 2018-19. Slow Industrial Value addition is being considered as one of the reasons behind reduced GDP growth rate.
Global gold and commodity fund of funds was the worst performing category this week, with all 5 worst performers this week from this category.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 35,457.16 | 36,194.30 | 2.08% |
| Nifty | 10,682.20 | 10,876.75 | 1.82% |
| S&P BSE SmallCap | 14,485.88 | 14,427.16 | -0.41% |
| S&P BSE MidCap | 14,997.81 | 15,039.35 | 0.28% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| TATA DIGITAL INDIA | 4.5% | NA | Sectoral |
| ABSL DIGITAL INDIA | 4.2% | 12.3% | Sectoral |
| LIC MF LARGE CAP | 4.2% | 9.6% | Large Cap |
| INVESCO INDIA LARGE CAP | 4.1% | 11.7% | Large Cap |
| LIC MF BANKING & FIN. SERV. | 4.0% | 5.0% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| KOTAK WORLD GOLD | -6.1% | 6.5% | Fund of Funds |
| DSP WORLD GOLD | -4.0% | 7.3% | Fund of Funds |
| DSP WORLD MINING | -3.9% | 16.6% | Fund of Funds |
| ABSL GLOBAL COMMODITIES | -2.7% | 4.1% | Fund of Funds |
| IDBI GOLD FUND | -2.5% | 4.0% | Fund of Funds |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| UTI NIFTY NEXT 50 INDEX | NA | NA | Index |
| MIRAE ASSET INDIA EQUITY | 2.4% | 15.2% | Multi Cap |
| L&T EMERGING BUSINESSES | -10.2% | 17.2% | Small Cap |
| UTI NIFTY INDEX | 6.0% | 12.1% | Index |
| HDFC SMALL CAP | -3.7% | 17.3% | Small 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 |
| QUANTUM LONG TERM EQUITY VALUE | -0.1% | 11.3% | Value Fund |
| HDFC HYBRID EQUITY | -10.1% | 6.1% | Hybrid |
| RELIANCE GROWTH FUND | -10.0% | 10.0% | Mid Cap |
| HDFC CAPITAL BUILDER VALUE | -3.0% | 13.1% | Value Fund |
| ABSL FRONTLINE EQUITY | -0.5% | 11.6% | Large Cap |
Source – Kuvera.in
Movers and shakers at fund house:
1/ Reports say Prashant Pimple, a Senior Fund manager at Reliance MF is going to resign from his role. He has been with Reliance MF for over 10 years and managed 8 Debts Schemes.
2/ TATA AMC declared that it’s Fund Manager, Danesh Mistry will be heading Portfolio Management Services (PMS) division of TATA AMC,
3/ Sundaram MF has announced that Mr Nikhil Walecha and Mr Ratish B have been designated as Key Personnel of the company.
Quote of the week:
Forecasting future events is often like searching for a black cat in an unlit room, that may not even be there.
Steve Davidson
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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