Real Estate Stimulus, SIP Inflows & Rating Downgrade!

The AUM of the mutual fund industry increased to Rs 26.33 lakh crore in October, a 7.4% increase from the preceding month. Mutual funds saw net inflows of Rs 1.33 lakh crore in October. In comparison, the industry witnessed net outflows of Rs 1.52 lakh crore in September. SIP inflows remained steady at Rs 8,245 crore during the month, a dip of Rs 18 crore from Rs 8,263 crore in September. This is the 11th straight month of Rs 8,000 crores or more of SIP inflows. 


The credit rating agency Moody’s lowered India’s outlook from “stable” to “negative” while retaining the issuer rating at Baa2. The rating agency cited a growing debt burden and the government’s struggle to narrow the budget deficit for the revision. On a similar vein, Fitch Solutions has raised India’s fiscal deficit forecast to 3.6% of the GDP for the fiscal year 2019-20, from the previous 3.4%, due to weak revenue collections resulting from sluggish economic growth and government’s sweeping corporate tax rate cut.


The government has announced a Rs 25,000 crore stimulus package for the real estate sector. Finance Minister Nirmala Sitharaman announced that the Centre will infuse Rs 10,000 crores into the real estate market to revive over 1600 stalled housing projects covering 4.58 lakh units. Another Rs 15,000 crores will be contributed by LIC and SBI.


Index Returns

Index 1W 1Y 3Y
NIFTY 50 0.2% 12.4% 11.7%
NIFTY NEXT 50 -1.1% 0.7% 7.5%
S&P BSE SENSEX 0.4% 14.4% 13.5%
S&P BSE SmallCap -0.9% -7.6% 1.1%
S&P BSE MidCap -1.1% -0.8% 4.4%
NASDAQ 100 1.2% 15.3% 19.8%
S&P 500 0.9% 10.2% 13.1%

Source: BSE / NSE


Top 5 best performing funds

Name 1W 1Y 3Y
DSP World Energy 4.5% -2.6% 3.4%
HSBC Global Emerging Markets 3.5% 7.5% 9.8%
HSBC Asia Pacific Yield 3.4% 12.5% 12.7%
Kotak Global Emerging Market 3.2% 12.0% 8.8%
Invesco India Feeder Pan Euro… 3.1% -0.7% 8.9%



Top 5 worst performing funds

Name 1W 1Y 3Y
SBI PSU -3.2% 8.6% 1.8%
UTI MNC -3.1% 6.0% 9.5%
Kotak World Gold -2.9% 26.1% 0.4%
Aditya Birla Sun Life MNC -2.9% 11.6% 10.3%
DSP World Gold -2.8% 25.7% 0.3%



What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Axis Bluechip 0.4% 24.9% 18.2%
Parag Parikh Long Term Equity 0.2% 16.5% 13.3%
Kotak Standard Multicap 0.3% 15.6% 12.7%
Kotak Equity Arbitrage 0.1% 6.8% 6.7%
UTI Nifty Index 0.1% 14.3% 12.9%



What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
Edelweiss Arbitrage 0.1% 7.2% 6.9%
Nippon India Large Cap -1.1% 8.0% 12.1%
Nippon India Arbitrage 0.1% 7.1% 7.0%
IDFC Nifty 0.1% 14.0% 12.8%
SBI Arbitrage Opportunities 0.1% 6.8% 6.6%



Movers & Shakers

1/ Sundaram Mutual Fund  has announced that the R&TA is being changed from Sundaram BNP Paribas Fund Services Limited to Karvy Fintech Private Limited for the schemes of Sundaram Mutual Fund with effect from 11 November 2019.

2/ IDBI Mutual Fund has announced that Samuel Joseph Jebaraj has been appointed as a Director on the Board of IDBI MF Trustee Company Limited.

3/ BOI AXA Mutual Fund has announced that Piyush Khandelwal has been appointed as Dealer and designated as a Key Personnel of the AMC.


Quote of the week:



Three Rules of Work:

Out of clutter find simplicity.

From discord find harmony.

In the middle of difficulty lies opportunity.

: Albert Einstein



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