There was a lot on the news this week – from trade wars, terrorism, border skirmishes, and an upcoming election. A lot that would seemingly sound scary to an investor. In times like these, a long term investor should remember This Too Shall Pass.
S&P BSE Small Cap Index had its first week of outperformance in quite some time. The small-cap index was up 3.43% versus the Nifty index which closed up 0.67%. Two small-cap funds feature in the most bought Equity funds on our platform in the past 3 months.
The growing popularity of the mutual fund industry and its potential for future growth is attracting new domestic players to foray into this space. Geojit Financial Services and SREI Infrastructure Finance have applied to launch their mutual fund business.
As per reports, SEBI is expected to permit mutual funds to enter the commodities market in its upcoming board meeting slated for March 2019.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 35,871.48 | 36,063.81 | 0.54% |
| Nifty | 10,791.65 | 10,863.50 | 0.67% |
| S&P BSE SmallCap | 13,517.71 | 13,981.73 | 3.43% |
| S&P BSE MidCap | 14,169.74 | 14,502.82 | 2.35% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| RELIANCE POWER AND INFRA | 3.5% | 18.5% | Sectoral |
| ABSL INFRASTRUCTURE | 3.4% | 12.2% | Sectoral |
| ABSL SMALL CAP | 3.2% | 15.4% | Small Cap |
| SUNDARAM SMALL CAP | 3.2% | 10.8% | Small Cap |
| DSP NATURAL RESOURCES | 2.8% | 23.4% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| DSP WORLD GOLD | -4.0% | 2.9% | Fund of Funds |
| KOTAK WORLD GOLD | -3.8% | 1.8% | Fund of Funds |
| EDELWEISS ASEAN EQUITY | -1.4% | 12.9% | Fund of Funds |
| KOTAK GOLD | -1.2% | 4.2% | Fund of Funds |
| SUNDARAM FINSERV OPP | -0.9% | 20.6% | Sectoral |
Source – Kuvera.in
Top 5 best performing ELSS funds
| Name | Week | 3Y | Category |
| IDFC TAX ADVANTAGE | 1.8% | 18.0% | ELSS |
| HSBC TAX SAVER EQUITY | 1.8% | 15.3% | ELSS |
| IDBI EQUITY ADVANTAGE | 1.8% | 13.1% | ELSS |
| AXIS LONG TERM EQUITY | 1.6% | 16.5% | ELSS |
| ICICI PRU LONG TERM EQUITY | 1.4% | 15.1% | ELSS |
Source – Kuvera.in
Top 5 worst performing ELSS funds:
| Name | Week | 3Y | Category |
| EDELWEISS LONG TERM EQUITY | 0.2% | 13.1% | ELSS |
| INVESCO INDIA TAX | 0.2% | 18.0% | ELSS |
| TATA INDIA TAX SAVING | 0.2% | 17.6% | ELSS |
| DHFL PRAMERICA LONG TERM EQUITY | 0.3% | 15.5% | ELSS |
| INDIABULLS TAX SAVING | 0.3% | NA | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| MIRAE ASSET INDIA EQUITY | 2.3% | 20.3% | Multi Cap |
| PARAG PARIKH LONG TERM EQUITY | 3.2% | 16.6% | Multi Cap |
| KOTAK STANDARD MULTICAP | 0.9% | 18.8% | Multi Cap |
| HDFC MID CAP OPP | -9.7% | 17.5% | Mid Cap |
| HDFC SMALL CAP | -9.6% | 23.9% | 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 |
| ICICI PRU BLUECHIP | -0.6% | 17.6% | Large Cap |
| ICICI PRU MULTICAP | 0.0% | 16.9% | Multi Cap |
| FRANKLIN INDIA EQUITY | -2.6% | 14.0% | Multi Cap |
| ICICI PRU LARGE & MID CAP | -6.4% | 14.5% | Large &Mid Cap |
| RELIANCE GOLD SAVING | 7.9% | 3.6% | Fund of Funds |
Source – Kuvera.in
Movers and shakers at fund house:
1/ DSP Mutual Fund has reported that Pankaj Sharma will no longer be a co-Fund Manager of DSP Bond Fund, DSP Credit Risk Fund and all existing DSP Dual Advantage funds and Fixed Maturity Plans. Mr Saurabh Bhatia will take on the additional responsibility of being the co-Fund Manager of DSP Credit Risk Fund.
2/ Reliance Mutual Fund has announced that Vikram Dhawan would cease to be Head – Commodities of the Mutual Fund.
Quote of the week:
The two most powerful warriors are patience and time.
: Leo Tolstoy
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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