SIP flows, Tax Planning, and more!

In this financial year, we have 1 week’s time left for tax saving. Data from Kuvera indicates that 47% of the ELSS investments on Kuvera are made in the last quarter of the financial year. Visit our ELSS Help Center to learn everything you need to know to save taxes while investing in Mutual Funds. You can find ELSS funds on Kuvera here.

The mutual fund industry witnessed SIP inflows of Rs 8,513 crore in February, a rise of 5.2% from the same month last year. The total SIP contribution in the first 11 months of the current financial year rose to Rs 91,443 crore as compared with  Rs 84,638 crore in April-February 2018-19. AMFI data indicates that mutual funds added an average of 9.95 lakh SIPs per month during the financial year 2019-20, with an average ticket size of Rs 2,750.

 

Switch to Direct plans. Think about this, you will pay more in commissions in your investing life than what you lost in the markets last week.

And the commission once paid, is not coming back. It is not a mark to market loss.

So stop paying commissions and use this opportunity to switch to Direct. 

 

 

Index Returns

Index 1W 1Y 3Y
NIFTY 50 -12.2% -24.0% -1.4%
NIFTY NEXT 50 -10.5% -24.9% -5.6%
S&P BSE SENSEX -12.3% -21.9% 0.5%
S&P BSE SmallCap -14.0% -31.6% -10.4%
S&P BSE MidCap -11.8% -26.4% -7.1%
NASDAQ 100 -12.5% -5.2% 8.9%
S&P 500 -15.0% -18.3% -1.0%

Source: BSE / NSE

 

Top 5 best performing funds

Name 1W 1Y 3Y
SBI Credit Risk 35.4% 44.2% 18.7%
ICICI Prudential US Bluechip Equity 1.6% 0.6% 9.8%
Mirae Asset Dynamic Bond 1.0% 14.7% NA
DSP 10y G Sec 1.0% 14.5% 8.4%
ICICI Prudential Constant Gilt 0.8% 16.0% 10.3%

Source: Kuvera.in

 

Top 5 worst performing funds

Name 1W 1Y 3Y
UTI Banking & Financial Services -20.0% -35.1% -6.6%
Aditya Birla Sun Life Banking… -19.1% -28.4% -2.8%
Nippon India Banking -18.7% -33.3% -4.8%
SBI Banking & Financial Services -18.6% -19.9% 4.8%
ICICI Prudential Banking  … -18.1% -29.4% -2.6%

Source: Kuvera.in

 

What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
Axis Bluechip -10.6% -4.9% 10.0%
UTI Nifty Index -12.3% -23.4% -0.4%
Parag Parikh Long Term Equity -8.6% -13.7% 3.5%
Mirae Asset Large Cap -12.3% -20.7% 1.1%
Kotak Standard Multicap -12.7% -24.2% -1.5%

Source: Kuvera.in

 

What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
Nippon India Arbitrage -0.2% 6.8% 6.9%
Axis Arbitrage -0.1% 6.7% 6.7%
ICICI Prudential Equity Arbitrage -0.2% 6.6% 6.6%
HDFC Small Cap -14.7% -36.1% -4.1%
L&T Infrastructure -12.7% -28.6% -6.1%

Source: Kuvera.in

 

Most Watchlisted Fund

Top 5 funds added to watchlist by Kuverians

Name 1W 1Y 3Y
Axis Bluechip -10.6% -4.9% 10.0%
Axis Focused 25 -12.2% -7.0% 7.0%
Axis Small Cap -13.4% -2.2% 5.2%
Axis Long Term Equity -11.7% -7.2% 6.1%
SBI Banking & Financial  -18.6% -19.9% 4.8%

Source: Kuvera.in

 

Top ELSS funds

Name 1W 1Y 3Y
IDBI Equity Advantage -9.3% -9.8% 2.3%
Parag Parikh Tax Saver -9.4% NA NA
BNP Paribas Long Term Equity -9.8% -10.5% 2.5%
Quantum Tax Saving -10.8% -30.4% -7.2%
Principal Tax Saving -10.9% -23.7% -2.6%

Source: Kuvera.in

Movers & Shakers

1/ Nippon India Mutual Fund has appointed Ritesh Nathmal Rathod as Research Analyst of Nippon Life India Asset Management Limited, effective from 16 March 2020.

2/ SBI Mutual Fund has announced that Nicolas Simon ceases to be the Deputy Chief Executive Officer and Key Personnel of SBI Funds Management Private Limited. Denys de Campigneulles has been appointed in his stead, with effect from 07 March 2020.

 

Quote of the week:

 

 

Beware the investment activity that produces applause; the great moves are usually greeted by yawns.

: Warren Buffet

 

 

Interested in how we think about the markets?

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