Last Week in Mutual Funds: 26th January

All that you need to know about Mutual Funds this week

The International Monetary Fund (IMF) expects India’s economy to pick up, even as IMF slashed its forecast for the World Economy. Gita Gopinath, the chief economist of IMF, projected that India will grow at 7.5% this year and 7.7% in 2020. This increased growth rate was attributed to lower oil prices and a slower pace of monetary tightening. IMF said India would remain one of the fastest growing major economies of the world.

 

As debt repayments are becoming increasingly uncertain for the IL&FS Group, the ratings agency ICRA has decided to place 6 mutual fund schemes with IL&FS exposure on ratings watch. The schemes under scrutiny include:

 

As per data released by AMFI, three cities (Mumbai, New Delhi and Bangalore) account for 45% of the overall equity assets of ₹11.21 lakh crore, as of December 2018.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,386.61 36,025.54 -0.99%
Nifty 10,906.95 10,780.55 -1.16%
S&P BSE SmallCap 14,504.60 14,000.20 -3.48%
S&P BSE MidCap 15,023.39 14,681.82 -2.27%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
HSBC BRAZIL 3.4% 29.7% Fund of Funds
HSBC GLOBAL EMERGING MARKETS 1.6% 16.5% Fund of Funds
INVESCO INDIA FEEDER GLOBAL EQ 1.2% 8.8% Fund of Funds
EDELWEISS GREATER CHINA EQUITY 1.2% 14.2% Fund of Funds
RELIANCE PHARMA 1.2% 4.5% Sectoral

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
UTI TRANSPORTATION AND LOGISTICS -5.4% 7.7% Sectoral
HSBC INFRASTRUCTURE EQUITY -4.5% 2.4% Sectoral
RELIANCE POWER AND INFRA -4.2% 11.0% Sectoral
ADITYA BIRLA SUN LIFE PURE VALUE -3.8% 12.2% Value
SUNDARAM SMALL CAP -3.6% 7.0% Small Cap

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
JM TAX GAIN -0.8% 16.2% ELSS
KOTAK TAX SAVER -1.0% 15.7% ELSS
DHFL PRAMERICA LONG TERM EQUITY -1.0% 13.5% ELSS
TAURUS TAXSHIELD -1.1% 16.7% ELSS
MAHINDRA MUTUAL KAR BACHAT -1.2% 7.1% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
RELIANCE TAX SAVER -3.3% 9.4% ELSS
HSBC TAX SAVER -3.0% 13.0% ELSS
ICICI PRU LONG TERM EQUITY -2.5% 12.8% ELSS
BOI AXA TAX ADVANTAGE -2.2% 12.7% ELSS
MOSL LONG TERM EQUITY -2.2% 17.4% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
HDFC MID CAP OPPORTUNITIES -13.8% 15.1% Mid Cap
PARAG PARIKH LONG TERM EQUITY -2.9% 14.0% Multi Cap
KOTAK STANDARD MULTICAP -3.1% 17.0% Multi Cap
ADITYA BIRLA SUN LIFE TAX RELIEF96 -5.1% 15.6% ELSS
MIRAE ASSET INDIA EQUITY -4.2% 17.6% 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
HDFC SMALL CAP -10.3% 20.8% Small Cap
SBI BLUE CHIP -7.2% 12.2% Large Cap
FRANKLIN INDIA SMALLER COMPANIES -17.9% 13.3% Small Cap
DSP NATURAL RESOURCES AND NEW ENERGY -18.5% 21.2% Sectoral
RELIANCE PHARMA 3.6% 4.5% Sectoral

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Motilal Oswal Mutual Fund has announced the resignation of Kanu Doshi from his role as an independent director of the AMC.

2/ Indiabulls Mutual Fund announced the resignation of Sumit Bhatnagar. He was the Head of  Equity and Key Personnel of the Indiabulls AMC.

 

Quote of the week:

The water in a vessel is sparkling; the water in the sea is dark. The small truth has words which are clear; the great truth has great silence

Rabindranath Tagore

 

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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