“Maybe” said the SIP investor!

There is a SIP investor who is very disciplined. One month the market crashes because of a global pandemic. His market timing neighbours come to visit. “Such bad luck,” they say.

“Maybe,” replies the SIP investor.

The next month there is news of a new vaccine that will cure the pandemic. Markets are euphoric. “How wonderful,” the neighbours exclaim!

“Maybe,” replies the SIP investor.

Then news comes that the vaccine will take over a year to make and may or may not work. His portfolio crashes again. The neighbours come to offer their sympathy for his misfortune.

“Maybe,” replies the SIP investor.

Then the largest central bank says they will back asset prices. Markets rally like never before, like once in a lifetime. The market timers are exhausted, are whipsawed. They congratulate the SIP investor on how well things had turned out.

“Maybe,” replies the SIP investor.

And continues his SIP.

 

SIP inflows stood at Rs 8,123 crore in May, a marginal dip of 0.73% from the same month last year. The total number of SIP folios in May jumped to 3.16 crore from 3.14 crore in April. The assets under management (AUM) through SIP stood at 2.76 lakh crore in May, up from 2.75 lakh crore in the previous month.

Source: AMFI

 

Have investors shed the ‘herd mentality’ and turned more mature? In this edition of #KuveraInsights, Mr. A Balasubramanian, MD & CEO – ABSL & Deepti Bhaskaran, Personal Finance Editor – Mint and Gaurav Rastogi, Founder & CEO – Kuvera.in continue there discussion on the impact of COVID19, debt funds, asset re-allocation, as well as the concerns that investors have raised during this period of #lockdown.

 

Equity mutual funds witnessed inflows of Rs 5,257 crore in the month of May 2020, down 15.4% from April inflows of Rs 6,213 crore. Large-cap and multi-cap funds witnessed the most traction in the equity category with inflows of  Rs 1,556 and Rs 759 crore respectively. The net assets under management (AUM) of the mutual fund industry grew 2.56% to Rs 24.55 lakh crore in May, compared to Rs 23.93 lakh crore in the previous month.

 

Source: AMFI

 

 

Gujarat High Court has stayed the Franklin e-voting process until findings of the forensic audit report from SEBI-appointed auditor Choksi and Choksi comes out. The fund house confirmed in a notice that the e-voting process would remain suspended until further communication.

 

 

“Pursuant to the order dated 8th June 2020 issued by the honourable High Court of Gujarat, the e-voting scheduled for June 9-11, 2020 and unitholders’ meeting on June 12, 2020, related to the schemes under winding up, stands suspended till further communication,”

 

 

 

Index Returns

Index 1W 1Y 3Y
NIFTY 50 -1.7% -16.1% 1.2%
NIFTY NEXT 50 -1.2% -8.6% -2.0%
S&P BSE SENSEX -1.5% -14.9% 2.8%
S&P BSE SmallCap -0.1% -18.5% -8.5%
S&P BSE MidCap 0.4% -15.5% -5.2%
NASDAQ 100 -1.6% 29.2% 19.2%
S&P 500 -4.8% 5.6% 7.8%

Source: BSE / NSE

 

Top 5 best performing funds

Name 1W 1Y 3Y
DSP World Gold 4.5% 57.2% 14.5%
PGIM India Global Equity Opportunities 2.8% 38.9% 23.8%
Invesco India Gold 2.2% 44.6% 17.2%
Quantum Gold Saving 2.1% 44.2% 16.5%
DSP World Mining 2.1% 14.5% 12.2%

Source: Kuvera.in

 

Top 5 worst performing funds

Name 1W 1Y 3Y
HSBC Brazil -6.4% -20.6% 3.4%
HSBC Global Consumer Opportunities -4.5% 12.2% 10.7%
ICICI Prudential US Bluechip Equity -4.4% 22.6% 17.0%
Invesco India Feeder Invesco Pan Euro… -3.7% -3.5% -0.6%
Nippon India US Equity Opportunites -3.7% 18.6% 18.3%

Source: Kuvera.in

 

What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Parag Parikh Long Term Equity -0.5% 3.3% 8.7%
Axis Bluechip -1.7% -5.3% 8.9%
UTI Nifty Index -1.7% -15.5% 2.2%
Mirae Asset Emerging Bluechip -0.7% -8.2% 3.4%
Axis Arbitrage 0.2% 6.4% 6.7%

Source: Kuvera.in

 

What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
Franklin India Smaller Companies -1.0% -28.7% -10.2%
DSP World Gold 4.5% 57.2% 14.5%
DSP Nifty Next 50 Index -1.2% -8.6% NA
ICICI Prudential Sensex Index -1.5% -13.7% NA
ICICI Prudential Equity & Debt -1.9% -11.0% 1.8%

Source: Kuvera.in

 

Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Franklin India Feeder Franklin US Opp… -1.2% 28.0% 22.3%
Axis Bluechip -1.7% -5.3% 8.9%
Parag Parikh Long Term Equity -0.5% 3.3% 8.7%
ICICI Prudential US Bluechip Equity -4.4% 22.6% 17.0%
SBI Gold 1.5% 45.0% 16.9%

Source: Kuvera.in

 

Top ELSS funds

Name 1W 1Y 3Y
IDFC Tax Advantage 0.1% -19.8% -2.1%
Quantum Tax Saving -0.5% -21.1% -4.0%
Quant Tax -0.5% -7.0% 1.4%
ITI Long Term Equity -0.7% NA NA
Aditya Birla Sun Life Tax Relief96 -0.9% -8.6% 2.6%

Source: Kuvera.in

 

 

Movers & Shakers

1/ HDFC Mutual Fund has announced that Chirag Setalvad ceases to be co fund manager of HDFC multi asset fund. Amit Ganatra has been appointed in his stead. Krishna Kumar Daga and Anil Bamboli will continue as existing co-fund managers of the scheme.

2/ Mahindra Mutual Fund announces change in name of AMC from Mahindra Mutual Fund to Mahindra Manulife Mutual Fund, with effect from 01 June 2020.

 

Quote of the week:

 

 

Wise to resolve, and patient to perform.
: Homer

 

 

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2 Responses

  • Jayanti Patel

    June 17, 2020 AT 17:27

    Hi Gauravji
    I have Direct SIP with Parag Parikh long term equity fund which I want to manage by Kuvera platform.
    I have another SIPs also with another broker which I don’t want to club with This platform.
    How shall I club only Parag Parikh’s plan with the same portfolio?