All that you need to know about Mutual Funds this week
We released the second chapter of our serialized book Zen And the Art of Investing – Simple stories to understand markets and our reaction to them!
Sensex has ended FY19 with the biggest gain in 4 financial years. With a growth of 17.30% in FY19, the index has fared better than FY18 and FY17, with growths of 11.30% and 16.88%, respectively. The Nifty 50 index rose 14.93% in FY19 and 10.25% in the previous fiscal year.
There was a significant divergence in the performance of large cap and small cap funds during this financial year as MidCap and SmallCap indices saw a fall of 3.03% and 11.57% respectively in FY19, after a stellar run in the previous two financial years.
In Conversations, we reached out to Mr Harish Bihani, Fund Manager of ICICI Prudential Small Cap Fund over email for comments on the small cap space and their view behind their timing to allow lumpsum investment in this fund.
As the financial year ended, we saw last minute inflows into ELSS funds. 2 of the most invested schemes during this week were ELSS schemes.
ICICI Prudential Mutual fund has launched the NFO for ICICI Prudential Bharat Consumption Fund. This open-ended equity scheme following the consumption theme will have Nifty India Consumption Index as its benchmark. The NFO will be open for subscription until 9/April.
Source: Google Finance
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 38,164.61 | 38,672.91 | 1.33% |
| Nifty | 11,456.90 | 11,623.90 | 1.46% |
| S&P BSE SmallCap | 14,758.80 | 15,027.36 | 1.82% |
| S&P BSE MidCap | 15,076.89 | 15,479.62 | 2.67% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| DSP WORLD GOLD | 3.7% | 2.9% | Fund of Funds |
| ABSL BANKING & FINSERV | 2.5% | 23.2% | Sectoral |
| ABSL GOLD | 2.5% | 2.9% | Fund of Funds |
| MOTILAL OSWAL MIDCAP 30 | 2.2% | 10.9% | Mid Cap |
| RELIANCE BANKING | 2.2% | 22.2% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| HSBC BRAZIL | -8.9% | 19.2% | Fund of Funds |
| DHFL PRAMERICA EURO EQUITY | -3.0% | 4.5% | Fund of Funds |
| FRANKLIN INDIA FEEDER EURO | -2.5% | 4.1% | Fund of Funds |
| EDELWEISS EMERGING MARKETS OPP | -2.1% | 13.3% | Fund of Funds |
| INVESCO INDIA GOLD | -2.0% | 3.1% | Fund of Funds |
Source – Kuvera.in
Top 5 best performing ELSS funds:
| Name | Week | 3Y | Category |
| RELIANCE TAX SAVER | 2.4% | 9.8% | ELSS |
| INVESCO INDIA TAX | 2.3% | 16.7% | ELSS |
| CANARA ROBECO EQUITY TAX SAVER | 2.3% | 15.8% | ELSS |
| IDFC TAX ADVANTAGE | 2.3% | 17.1% | ELSS |
| HSBC TAX SAVER | 2.3% | 14.0% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| MIRAE ASSET INDIA EQUITY | 12.7% | 18.7% | Multi Cap |
| MIRAE ASSET TAX SAVER | 11.7% | 23.2% | ELSS |
| PARAG PARIKH LONG TERM EQUITY | 10.2% | 14.8% | Multi Cap |
| AXIS LONG TERM EQUITY | 7.9% | 15.2% | ELSS |
| UTI NIFTY INDEX | 13.5% | 15.1% | Index |
Source – Kuvera.in
What investors sold:
We saw the most outflows in these 5 Funds (excluding liquid and short-term schemes) –
| Name | 1Y | 3Y | Category |
| ICICI PRU BLUECHIP | 8.0% | 16.1% | Large Cap |
| HDFC MID CAP OPP | 0.2% | 16.6% | Mid Cap |
| SBI BLUE CHIP | 5.1% | 12.8% | Large Cap |
| ABSL EQUITY HYBRID 95 | 2.8% | 12.3% | Hybrid |
| L&T EMERGING BUSINESSES | -7.7% | 21.8% | Small Cap |
Source – Kuvera.in
Quote of the week:
I never see what has been done; I only see what remains to be done.
: Buddha
This market update was initially published by CNBCTV18 in the Personal Finance section.
Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
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