SaveSmart, Axis ESG NFO & more!

We have launched SaveSmart feature on Kuvera. SaveSmart is a turbo-charged deposit account to optimize returns and provide instant withdrawal. Investment in SaveSmart is intelligently allocated amongst liquid funds from top fund houses. Investors can get immediate access to SaveSmart investments for redemption of upto 90% of holdings, or Rs 2 lakhs every day. The feature deposits the invested amount in India’s leading Liquid fund schemes – Nippon, Axis, PGIM, and ICICI Prudential.

Mutual fund industry added 6.8 million folios in 2019, taking the total tally to 8.7 crore. In comparison, over 1.38 crore investor accounts were added in 2018, more than 1.36 crore accounts in 2017 and nearly 70 lakh in 2016. As per the data from SEBI, the number of mutual fund folios stood at 8.71 crore at the end of December 2019, registering a gain of 8.47% from 8.03 crore at the end of December 2018

Axis MF has launched the NFO for Axis ESG Equity Growth Plan on 22nd January. The Open ended equity scheme will invest up to 30% in global sustainable companies across Environment, Social and Governance (ESG) theme. ESG factors will include issues on climate change, natural resource use, product safety, business ethics and will exclude sectors/themes that are deemed harmful from a societal perspective. The fund will be benchmarked against the Nifty 100 ESG TRI Index. The NFO will remain open for subscription until 5th February.

 

Index Returns

Index 1W 1Y 3Y
NIFTY 50 0.8% 13.3% 13.6%
NIFTY NEXT 50 1.7% 4.8% 8.4%
S&P BSE SENSEX 0.8% 15.3% 15.5%
S&P BSE SmallCap 4.0% 0.7% 4.7%
S&P BSE MidCap 3.6% 3.7% 7.4%
NASDAQ 100 2.3% 36.4% 22.1%
S&P 500 2.0% 26.2% 13.7%

Source: BSE / NSE

 

Top 5 best performing funds

Name 1W 1Y 3Y
PGIM India Midcap Opportunities 5.1% 12.1% 8.2%
DSP Small Cap 4.4% 10.3% 4.4%
Nippon India Small Cap 4.3% 6.7% 11.5%
Baroda Mid Cap B 4.2% 6.4% 7.5%
Sundaram Small Cap 4.2% 3.1% 3.1%

Source: Kuvera.in

 

Top 5 worst performing funds

Name 1W 1Y 3Y
UTI Credit Risk -10.2% -13.8% -0.3%
Franklin India Low Duration -6.7% -1.6% 5.1%
Franklin India Income Opportunities -5.1% 0.9% 6.2%
Franklin India Credit Risk -4.8% -0.3% 5.8%
Franklin India Short Term Income Retail -4.4% 0.3% 6.2%

Source: Kuvera.in

 

What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Axis Bluechip 1.6% 23.3% 21.5%
ICICI Prudential Balanced Advantage 0.7% 12.8% 11.4%
Parag Parikh Long Term Equity 1.6% 17.4% 15.0%
Axis Mid Cap 2.8% 19.8% 19.5%
Axis Long Term Equity 1.5% 22.7% 18.8%

Source: Kuvera.in

 

What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
SBI Consumption Opportunities 3.9% 5.8% 16.2%
Aditya Birla Sun Life Small Cap 3.8% -1.8% 4.2%
HDFC Small Cap 3.7% -3.1% 12.2%
ICICI Prudential Value Discovery 2.3% 4.8% 7.1%
Tata India Consumer 3.5% 6.8% 20.5%

Source: Kuvera.in

 

Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Axis Bluechip 1.6% 23.3% 21.5%
SBI Banking & Financial Services 0.7% 24.0% 22.9%
Mirae Asset Emerging Bluechip 2.1% 20.7% 18.1%
Tata Banking & Financial Services 0.3% 27.2% 22.2%
Axis Focused 25 1.8% 24.0% 20.4%

Source: Kuvera.in

 

Top ELSS funds

Name 1W 1Y 3Y
HSBC Tax Saver Equity 2.2% 12.7% 11.6%
LIC MF Tax 2.2% 18.9% 15.8%
L&T Tax Advantage 2.1% 10.3% 11.7%
IDBI Equity Advantage 2.1% 14.3% 13.7%
BOI AXA Tax Advantage 2.1% 20.6% 15.3%

Source: Kuvera.in

Movers & Shakers

1/ HDFC Mutual Fund has announced that Rakesh Vyas will manage HDFC Infrastructure Fund with effect from 24 January 2020.

2/ BOI AXA Mutual Fund has announced change in fund managers under the following schemes with effect from 23 January 2020:

3/ Union Mutual Fund has announced that Hardick Bora has been appointed as a Co-Fund Manager of Union Largecap Fund with immediate effect.

4/ Edelweiss Mutual Fund has approved the merger of Edelweiss Tax Advantage Fund (Transferor) with Edelweiss Long Term Equity Fund (Transferee), with effect from 26 February 2020. Unit holders of  the Transferor scheme who do not wish to continue remain invested in the Transferee scheme can redeem their units without exit load, until 25th February.

 

Quote of the week:

 

Do not save what is left after spending; instead spend what is left after saving. 

: Warren Buffett

 

 

Interested in how we think about the markets?

Read more: Zen And The Art Of Investing

 

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