All that you need to know about Mutual Funds this week
HNIs (High Net Worth Individuals) consider Mutual Funds as the best investment vehicle says the recent IIFL Wealth X report. As per the report, 1 in 5 HNIs hold more than half their wealth in Mutual Funds, 84 per cent of HNIs hold at least some part of their wealth in Mutual funds and 48 per cent of HNIs want to increase their investments in Mutual Funds over next 1 year.
It is tax planning time in earnest. Two of the top 5 most invested schemes in the last week were ELSS schemes that help you save tax under Section 80C. You can read all our past ELSS blogs here.
India has retained the title of the World’s fastest growing Large economy, despite domestic and global pressures. With strong drivers from the service sectors and better demand conditions going forward, the CII (Confederation of Indian Industry) expects 2019 to bring robust growth to the Indian economy.
HDFC Mutual Fund has surpassed ICICI Prudential Mutual Fund to become India’s largest Asset Management Company. At the end of December, the total Assets under management of HDFC Mutual Fund had risen to Rs 3.35 lakh crores, while that of ICICI Prudential Mutual Fund stood at Rs 3.08 lakh crores. SBI, Aditya Birla Sun Life and Reliance Mutual Fund round up the top 5 AMCs in India.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 36,076.72 | 35,695.10 | -1.06% |
| Nifty | 10,859.90 | 10,727.35 | -1.22% |
| S&P BSE SmallCap | 14,605.69 | 14,592.41 | -0.09% |
| S&P BSE MidCap | 15,360.21 | 15,147.60 | -1.38% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| HSBC BRAZIL GROWTH | 9.1% | 23.6% | Fund of Funds |
| DHFL PRAMERICA GLOB. EQ. OPPOR. | 4.0% | 5.8% | Fund of Funds |
| DSP WORLD ENERGY | 2.9% | 2.0% | Fund of Funds |
| EDELWEISS EUROPE DYNAMIC EQUITY | 2.7% | -0.9% | Fund of Funds |
| EDELWEISS US VALUE EQUITY | 2.6% | 5.1% | Fund of Funds |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| TATA INDIA CONSUMER | -3.1% | 22.5% | Sectoral |
| UTI TRANSPORTATION & LOGISTICS | -3.1% | 5.2% | Sectoral |
| EDELWEISS GREATER CHINA | -2.3% | 5.9% | Fund of Funds |
| UTI INDIA LIFESTYLE | -2.2% | 0.8% | Sectoral |
| IDBI EQUITY ADVANTAGE | -2.0% | 10.6% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| AXIS LONG TERM EQUITY | 3.2% | 12.4% | ELSS |
| HDFC MID CAP OPPOR. | -11.2% | 12.2% | Mid Cap |
| MIRAE ASSET INDIA EQUITY | -0.6% | 14.2% | Multi Cap |
| ABSL TAX RELIEF96 | -4.4% | 12.5% | ELSS |
| L&T EMERGING BUSINESSES | -14.6% | 16.7% | 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 |
| SBI BLUE CHIP | -4.3% | 9.8% | Large Cap |
| FRANKLIN INDIA SMALL. COMP. | -15.8% | 10.4% | Small Cap |
| HDFC TOP 100 | -0.2% | 12.7% | Large Cap |
| ICICI PRUDENTIAL VALUE DISCOVERY | -4.8% | 7.7% | Value |
| ABSL FRONTLINE EQUITY | -3.1% | 11.1% | Large Cap |
Source – Kuvera.in
Movers and shakers at fund house:
1/ Yes Mutual Fund has launched the NFO for its maiden fund Yes Liquid Fund. The NFO is currently open for subscription, and will close on 16/Jan. This open-ended fund will be managed by Piyush Baranwal. With this NFO, Yes Mutual Fund has joined the list of AMCs supported on Kuvera.
Quote of the week:
Making resolutions is a cleansing ritual of self-assessment and repentance that demands personal honesty and, ultimately, reinforces humility. Breaking them is part of the cycle.
Eric Zorn
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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