Rs 1.3 Cr wealth expectancy, AUM growth & more

The Mutual fund industry has added over Rs 4 lakh crore to their asset base in 2019 as per the latest data available with AMFI. The Assets under Management of mutual funds were at an all-time high of Rs 27 lakh crore in November 2019, an increase of 18% from Rs 22.86 lakh crore in December 2018. In comparison, the industry witnessed a 7.5% growth in Assets under Management in 2018.


The Wealth Expectancy Report 2019 released by Standard Chartered Bank showed that the average wealth expectancy in India is Rs 1.3 crore for the emerging affluent, Rs 2.6 crore for the affluent and Rs 6.9 crore for high net worth individuals (HNIs). The predicted wealth levels is expected to fund desired retirement lifestyle for 5-9 years for the different sub-groups. The report reveals that 68% of the wealth creators are set to reach less than half of their wealth goals at the age of 60. It is still possible to narrow the gap with well-defined goals and a considered wealth management approach, found the survey. Other key findings of the report were:

  • The top financial goals for affluent Indians are Children’s education, establishing or funding their own business, investing in property and supporting parents or relatives financially.
  • The financial products that are favoured to achieve their goals comprise simple savings products, investment products (Mutual trusts/unit trusts) and property investment.
  • Nearly four in five of the emerging affluent (78%) and affluent (79%) in India feel more in control of their finances by managing their money digitally and 81% of both groups believe this has also helped them achieve a better quality of life.


In positive news for mutual fund investors, SEBI has taken steps to streamline the transmission process in mutual funds (i.e, inheritance by legal heir on the death of investor). In its circular, the regulator has asked AMCs to have a common set of documents for transmission of units. Currently, the transmission process and required documentation may vary across Fund houses. The market regulator asked AMFI to come out with a common process within 30 days of the circular (by January 24th, 2020).


Index Returns

Index 1W 1Y 3Y
NIFTY 50 -0.2% 13.6% 15.1%
NIFTY NEXT 50 0.2% 2.5% 11.0%
S&P BSE SENSEX -0.3% 16.1% 16.6%
S&P BSE SmallCap 1.2% -6.4% 4.9%
S&P BSE MidCap 0.6% -1.9% 8.5%
NASDAQ 100 1.1% 39.4% 20.9%
S&P 500 0.6% 30.1% 12.6%

Source: BSE / NSE

Top 5 best performing funds

Name 1W 1Y 3Y
HSBC Brazil 3.5% 26.3% 17.2%
Invesco India Gold 2.7% 23.1% 10.4%
PGIM India Midcap Opportunities 2.3% 5.5% 8.1%
Kotak Global Emerging Market 2.2% 22.5% 12.1%
DSP Natural Resources & New Energy 2.1% 4.4% 9.3%



Top 5 worst performing funds

Name 1W 1Y 3Y
DSP World Mining -1.1% 19.2% 11.3%
DSP World Gold -0.8% 28.4% 7.6%
Aditya Birla Sun Life Tax Relief96 -0.8% 7.1% 14.8%
Aditya Birla Sun Life MNC -0.6% 6.5% 13.2%
Quantum Equity Fund Of Fund -0.5% 9.0% 12.6%



What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Axis Bluechip -0.0% 21.9% 23.0%
Nippon India Arbitrage 0.1% 6.8% 6.9%
Parag Parikh Long Term Equity 1.0% 16.6% 15.3%
Mirae Asset Large Cap 0.0% 15.3% 17.6%
Axis Long Term Equity -0.0% 17.8% 19.8%



What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
Franklin India Focused Equity 0.3% 12.8% 13.4%
L&T Emerging Businesses 1.0% -6.7% 11.3%
IDFC Arbitrage 0.0% 6.8% 6.7%
ICICI Prudential Value Discovery 0.0% 2.3% 7.5%
ICICI Prudential Equity Arbitrage 0.1% 6.5% 6.6%



Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Axis Bluechip -0.0% 21.9% 23.0%
SBI Banking & Financial Services 0.5% 24.8% 25.6%
Mirae Asset Emerging Bluechip 0.4% 17.1% 19.3%
Tata Banking & Financial Services 1.3% 30.7% 25.3%
Axis Focused 25 0.1% 18.2% 21.7%



Top ELSS funds

Name 1W 1Y 3Y
Motilal Oswal Long Term Equity 1.2% 16.3% 17.1%
Essel Long Term Advantage 0.9% 11.3% 14.2%
BOI AXA Tax Advantage 0.8% 18.4% 17.6%
IDBI Equity Advantage 0.8% 8.6% 14.6%
Quantum Tax Saving 0.7% 0.4% 7.3%



Movers & Shakers

1/ Kotak Mahindra Mutual Fund has announced that Rukun Tarachandani will no longer co-manage Kotak Equity Arbitrage Fund, with effect from 30 December 2019. Hiten Shah will take on sole managerial responsibilities of the scheme.

2/ LIC Mutual Fund has announced that Thomas Panamthanath has been appointed as an Independent Director on the board of LIC Mutual Fund Trustee Private Limited, with effect from 23 December 2019

3/ IDFC Mutual Fund has announced that Kartik Mehta has ceased to be a fund manager and Key Personnel of IDFC Asset Management Company Limited, with effect from 20 December 2019. Anoop Bhaskar will take on the managerial responsibilities of IDFC Multi Cap Fund.


Quote of the week:



I hope that in this year to come, you make mistakes. Because if you are making mistakes, then you are making new things, trying new things, learning, living, pushing yourself, changing yourself, changing your world. You’re doing things you’ve never done before, and more importantly, you’re doing something.

: Neil Gaiman



Interested in how we think about the markets?

Read more: Zen And The Art Of Investing


Watch/hear on YoutTube:


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

#MutualFundSahiHai, #KuveraSabseSahiHai!

Leave a Comment