All that you need to know about Mutual Funds this week
India is now the top ranked South Asian country in World Bank’s ‘Ease of Doing Business’ Index. One of the top improvers this year, India has risen 23 points to grab the 77th place in the globally recognized index. On a similar note, in a recent Standard Chartered study on Emerging Affluent countries, India emerged as the most investment savvy Asian country, with two-thirds of the surveyed population using some kind of investment product.
On the economic front, India and Japan have signed a bilateral currency swap agreement for up to $ 75 billion. This agreement is expected to bring greater stability to the Indian foreign exchange and capital markets.
Index Returns:
Sensex reclaimed the psychologically important 35,000 level, as the markets post strong returns this week. Several companies came out with good quarterly results, further boosting the market sentiment.
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 33,349.31 | 35,011.65 | 4.98% |
| Nifty | 10,030.00 | 10,553.00 | 5.21% |
| S&P BSE SmallCap | 13,597.64 | 14,464.68 | 6.38% |
| S&P BSE MidCap | 13,870.15 | 14,888.73 | 7.34% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| HSBC INFRASTRUCTURE | 9.5% | -0.3% | Sectoral |
| CANARA ROBECO | 8.9% | 5.7% | Sectoral |
| HDFC INFRASTRUCTURE | 8.5% | 0.2% | Sectoral |
| IDFC INFRASTRUCTURE | 8.2% | 9.5% | Sectoral |
| DSP INDIA T.I.G.E.R. | 8.0% | 7.3% | Sectoral |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| MIRAE ASSET INDIA EQUITY | -1.2% | 13.7% | Multi Cap |
| HDFC SMALL CAP | 1.9% | 18.2% | Small Cap |
| KOTAK STANDARD MULTICAP | -3.2% | 12.5% | Multi Cap |
| L&T EMERGING BUSINESSES | -9.5% | 18.4% | Small Cap |
| PARAG PARIKH LONG TERM EQUITY | 2.6% | 11.3% | 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 MID CAP OPPORTUNITIES | -7.6% | 12.4% | Mid Cap |
| SBI BLUE CHIP | -4.4% | 9.3% | Large Cap |
| L&T INDIA VALUE GROWTH | -9.4% | 11.7% | Value Fund |
| FRANKLIN INDIA SMALLER COMPANIES | -12.5% | 10.4% | Small Cap |
| HDFC TOP 100 | -1.9% | 12.0% | Large Cap |
Source – Kuvera.in
Movers and shakers at fund house:
1/ ICICI Prudential Mutual Fund has reduced the minimum SIP amount for most of its equity and debt schemes to Rs. 100.
2/ Aditya Birla Sun Life Mutual Fund has launched an overnight fund. This open-ended debt scheme will be managed by Kaustubh Gupta.
Quote of the week:
I like the dreams of the future better than the history of the past.– Thomas Jefferson
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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