All that you need to know about Mutual Funds this week
Fund of funds investing in Gold continued their out-performance from last week with 4 out of 5 top performing funds this week from this category. A global gold index has outperformed Nifty 50 by over 20% in the past 3 months –
Even though the long-term value proposition of Gold is debatable –
For the first time in FY 18-19, a tax saving ELSS fund made the top five funds where we saw the most inflows this week. A timely reminder that if you haven’t done your tax planning, you should do it now.
Individual investors have surpassed institutional investors in Mutual Fund Holdings. AMFI data showed that individual investors contributed to 53.3% of Mutual Fund Industry AUM in October this year as compared to 49% in the same month last year.
The Liquidity scare in Short-term debt instruments seems to be fading away as investments in Liquid funds are on a rise. Inflows in Liquid funds during November rose to Rs 1.36 Lakh crore, almost a 2.5 fold increase on monthly basis.
Monetary Policy Committee of RBI met on 5/Dec and kept the Repo Rate unchanged at 6.5% for the 2nd consecutive month. RBI Vice President, Viral Acharya also eased liquidity concerns in the economy by stating that RBI will continue capital infusion in the system through open market Operations.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 36,194.30 | 35,673.25 | -1.44% |
| Nifty | 10,876.75 | 10,693.70 | -1.68% |
| S&P BSE SmallCap | 14,427.16 | 14,104.65 | -2.24% |
| S&P BSE MidCap | 15,039.35 | 14,717.49 | -2.14% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| KOTAK WORLD GOLD | 3.1% | 4.1% | Fund of Funds |
| IDBI GOLD | 2.7% | 4.8% | Fund of Funds |
| AXIS GOLD | 2.7% | 6.5% | Fund of Funds |
| QUANTUM GOLD SAVING | 2.6% | 5.7% | Fund of Funds |
| DHFL GLOBAL EQUITY OPP | 2.5% | 7.7% | Fund of Funds |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| SBI HEALTHCARE OPPORTUNITIES | -4.1% | -6.0% | Sectoral |
| UTI HEALTHCARE | -3.8% | -3.0% | Sectoral |
| ICICI PRU EXPORTS & SERVICES | -3.7% | 5.7% | Sectoral |
| ICICI PRU FOCUSED EQUITY | -3.6% | 9.8% | Focused |
| UTI MID CAP | -3.6% | 7.3% | Mid Cap |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| L&T EMERGING BUSINESSES | -10.6% | 16.6% | Small Cap |
| PARAG PARIKH LONG TERM EQUITY | 2.5% | 10.7% | Multi Cap |
| MIRAE ASSET INDIA EQUITY | 2.8% | 14.8% | Multi Cap |
| HDFC SMALL CAP | -3.3% | 17.0% | Small Cap |
| ABSL TAX RELIEF96 | -0.4% | 13.3% | ELSS |
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 |
| RELIANCE SMALL CAP | 12.1% | 13.7% | Small Cap |
| ICICI PRU VALUE DISCOVERY | -1.4% | 7.6% | Value Fund |
| FRANKLIN SMALLER COMPANIES | -15.1% | 10.1% | Small Cap |
| SBI BLUE CHIP | -1.8% | 10.0% | Large Cap |
| HDFC MID CAP OPPORTUNITIES | -8.6% | 12.0% | Mid Cap |
Source – Kuvera.in
Movers and shakers at fund house:
1/ Yes MF has received SEBI approval to launch 2 schemes – Yes Liquid Fund and Yes Ultra Short Term Fund.
2/ LIC MF has appointed Sunita Sharma as Associate Director on the Board of LIC Mutual Fund Trustee Private Limited.
Quote of the week:
For last year’s words belong to last year’s language,
And next year’s words await another voice.T.S.Eliot
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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