It’s a Global Rally & Other MF News

All that you need to know about Mutual Funds this week

Q1 ’19 was a rebound from the lows of Q4 2018 for markets globally. Q4 ’18 ranked amongst the worst quarters in the last 48 years with MSCI World Index falling 13.9% in Q4 of last year.

Since then the story has been different.

MSCI World Index ETF is up 13.16% in Q1 ’19. Q1 has been the best quarter for MSCI World Index since 2010. 

Source: Google Finance

Last quarter was the also best quarter for S&P 500 since 2009. International diversification helps, and we recommend ICICI Prudential US Bluechip Direct fund in our recommended portfolio.

Source: Google Finance

The average assets under management of the Indian mutual fund industry rose to Rs 24.46 lakh crore in the Jan-March quarter, an increase of 3.55% from Rs 23.62 lakh crore during the previous quarter. With a 2.19% rise in AUM, HDFC Mutual Fund continued to remain the top fund house with an AUM of Rs 3.42 lakh crore.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 38,672.91 38,862.23 0.49%
Nifty 11,623.90 11,665.95 0.36%
S&P BSE SmallCap 15,027.36 15,045.87 0.12%
S&P BSE MidCap 15,479.62 15,509.36 0.19%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
HSBC BRAZIL 4.7% 18.2% Fund of Funds
EDELWEISS GREATER CHINA 4.6% 17.0% Fund of Funds
EDELWEISS EM OPP 3.8% 14.9% Fund of Funds
HSBC GLOBAL EM 3.8% 12.5% Fund of Funds
PRINCIPAL GLOBAL OPP 3.3% 11.7% Fund of Funds

Source – Kuvera.in

 

Top 5 worst performing funds:
Name Week 3Y Category
DSP WORLD GOLD  -4.1% 0.3% Fund of Funds
INVESCO INDIA PSU -2.3% 12.0% Sectoral
KOTAK WORLD GOLD -1.6% -1.8% Fund of Funds
HDFC INFRASTRUCTURE -1.4% 7.5% Sectoral
INVESCO INDIA CONTRA -1.4% 18.6% Contra Fund

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
AXIS LONG TERM EQUITY  1.1% 15.8% ELSS
ICICI PRU LONG TERM EQUITY 0.9% 15.3% ELSS
BOI AXA TAX ADVANTAGE 0.9% 14.2% ELSS
JM TAX GAIN  0.7% 17.9% ELSS
RELIANCE TAX SAVER  0.7% 10.3% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
KOTAK STANDARD MULTICAP  11.1% 18.0% Multi-Cap
HDFC SMALL CAP -1.2% 21.6% Small Cap
MIRAE ASSET INDIA EQUITY 13.9% 18.7% Multi-Cap
ICICI PRU BANKING & FINSERV 16.1% 27.2% Sectoral
PARAG PARIKH LONG TERM EQUITY  11.9% 14.8% Multi-Cap

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
RELIANCE BALANCED ADV  11.3% 14.5% Balanced
HDFC TOP 100 17.2% 17.9% Large Cap
AXIS LONG TERM EQUITY 8.1% 15.8% ELSS
SBI EQUITY HYBRID  9.2% 13.1% Hybrid
ICICI PRU VALUE DISCOVERY 5.6% 11.1% Value Fund

Source – Kuvera.in

 

Movers & Shakers

1/ Mirae Asset has approved the change in Fundamental attributes of Mirae Asset India Equity Fund. The scheme will change from a multi-cap fund to a large cap one from 1/May onward and will be named Mirae Asset Large Cap Fund. Unitholders of Mirae Asset India Equity Fund who do not wish to retain their holdings in the scheme can redeem their units without any exit load between 1/Apr and 30/Apr 2019.

2/ Tata Mutual Fund has announced the resignation of Mr Prashant Joshi from his role as key personnel of the AMC.

3/ LIC Mutual Fund has announced that Ms. Sunita Sharma, Chairman & Nominee Director on the Board of LIC Mutual Fund Trustee Private Limited has resigned upon attaining the age of superannuation at LIC of India (Sponsor).

Quote of the week:

Historically, there has been a bull market in commodities every 20 or 30 years.

: Jim Rogers

 

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.

Start investing through a platform that brings goal planning and investing to your fingertips. Visit kuvera.in to discover Direct Plans and start investing today.

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