Last Week in Mutual Funds: 23rd February

All that you need to know about Mutual Funds this week

In an otherwise postive week for the markets, Pharma & Healthcare funds lagged. Four of the five worst performing funds this week belong to the Pharma & Healthcare sector. Gold and mining funds out-performed, with four of the five top performing funds this week from those sectors.

Reliance Capital invited Japan’s Nippon Life Insurance to acquire up to 42.88% stake that Reliance has in Reliance Nippon Life Asset Management (RNAM). If the deal goes through, Japan’s Nippon Life Insurance will hold 85.76% in the AMC. It already holds 42.88% in RNAM. Stock Price of RNAM closed on Friday at Rs 198.45, following a spike from lows of Rs 140 touched during early 2019.

AMFI data shows that while SIP inflows have remained steady at Rs 8,022.33 crore in December & Rs 8,063.67 crore in January, the number of SIP discontinuations in this fiscal has increased from 3.99 lakh in April to 5.36 lakh in December 2018. The net SIP registration has fallen 61% to 1.87 lakh.

Kotak Mutual Fund has requested SEBI’s approval for Kotak International REIT Fund. This will be the first REIT Mutual Fund available to Indian investors. This open-ended fund of fund proposes to invest 95% of assets in units of SMAM ASIA REIT Sub Trust fund and/or other similar overseas funds, and the balance to debt, money market instruments, or units of liquid schemes.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 35,808.95 35,871.48 0.17%
Nifty 10,724.40 10,791.65 0.63%
S&P BSE SmallCap 13,252.81 13,517.71 2.00%
S&P BSE MidCap 13,940.54 14,169.74 1.64%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
DSP WORLD GOLD  5.8% 6.4% Fund of Funds
KOTAK WORLD GOLD 5.1% 3.5% Fund of Funds
DSP WORLD MINING 3.9% 20.3% Fund of Funds
DSP NATURAL RESOURCES 3.0% 21.5% Fund of Funds
HDFC INFRASTRUCTURE 2.7% 5.8% Sectoral

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
RELIANCE PHARMA -1.8% 3.9% Sectoral
SBI HEALTHCARE OPP -1.8% -4.2% Sectoral
TATA DIGITAL INDIA -1.7% 15.7% Sectoral
TATA INDIA PHARMA AND HEALTHCARE -1.6% -3.1% Sectoral
MIRAE ASSET HEALTHCARE -1.4% NA Sectoral

Source – Kuvera.in

 

Top 5 best performing ELSS funds
Name Week 3Y Category
HDFC TAX SAVER 1.8% 15.1% ELSS
ICICI PRU LONG TERM EQUITY 1.6% 13.8% ELSS
DSP TAX SAVER 1.0% 16.3% ELSS
FRANKLIN INDIA TAXSHIELD 1.0% 12.4% ELSS
QUANTUM TAX SAVING 0.9% 13.5% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
IDBI EQUITY ADVANTAGE -1.9% 11.5% ELSS
AXIS LONG TERM EQUITY -0.7% 14.8% ELSS
MAHINDRA MUTUAL KAR BACHAT YOJANA -0.5% NA ELSS
ABSL TAX RELIEF96 -0.4% 16.0% ELSS
DHFL PRAMERICA LONG TERM EQUITY -0.3% 14.5% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET INDIA EQUITY 2.9% 19.2% Multi Cap
AXIS BLUECHIP 10.2% 17.5% Large Cap
AXIS FOCUSED 25 1.7% 19.1% Focused
KOTAK STANDARD MULTICAP 1.2% 17.6% Multi Cap
PARAG PARIKH LONG TERM EQUITY 3.8% 15.7% 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
ICICI PRU VALUE DISCOVERY -4.2% 11.2% Value
HDFC BALANCE ADVANTAGE -0.5% 17.8% Hybrid
HDFC MID CAP OPP -10.2% 15.5% Mid Cap
FRANKLIN INDIA EQUITY -2.1% 12.7% Multi Cap
DSP EQUITY OPPORTUNITIES -5.8% 16.6% Large &Mid Cap

Source – Kuvera.in

Movers and shakers at fund house:

1/  Mr Sachin Relekar, Fund Manager – Equity, LIC Mutual Fund has been re-designated as Chief Investment Officer (CIO) – Equity of LIC Mutual Fund with immediate effect. He will continue to be the Fund Manager for the schemes which he is managing currently.

 

Quote of the week:

It does not matter how slowly you go as long as you do not stop.

: Confucius

 

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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