All that you need to know about Mutual Funds this week
BSE Sensex fell 1.97%, and Nifty fell 2.19% this week. While -2% may look like a big down move, such market moves are more common than one would expect. Since 1991, the Nifty 50 Index has seen quite a few declines of -2% or more in a day. On average, the index has a -2% down move every 15 trading days.
Mutual funds have added 5.3 lakh new folios in June, taking the overall folio count to 8.37 crore. Inflows from SIP held steady at ₹ 8,122.13 crores against ₹8,183.09 crore in May. AMFI data shows that the MF industry had added, on an average, 9.32 lakh SIP accounts each month during the FY 2019-20, with an average SIP size of about ₹3,000 per SIP account.
Net inflows into equity schemes stood at ₹ 7,663 crores in June, showing steady growth this Financial year. In comparison, equity schemes witnessed net inflows of ₹ 4,608 crores in April and ₹ 5,407 crores in May 2019. This growth has been largely driven by Multi-Cap and Large Cap Fund categories, as per AMFI data.
Infrastructure funds underperformed this week, with 3 of the worst-performing funds being Sectoral funds investing in this category. Gold funds outperformed this week with 3 of the top-performing funds from the category of Fund of Funds (FoF) investing in Gold.
Inflation rose to an eight-month high in June. The Consumer Price Index inflation stood at 3.18 in June, compared to 3.05 in May.
Index Returns
| Index | 1W | 1Y | 3Y |
| NIFTY 50 | -2.2% | 4.8% | 10.7% |
| NIFTY NEXT 50 | -1.4% | -4.9% | 7.8% |
| S&P BSE SENSEX | -2.7% | 7.7% | 12.6% |
| S&P BSE SmallCap | -3.4% | -15.2% | 4.9% |
| S&P BSE MidCap | -2.8% | -6.7% | 6.9% |
| NASDAQ 100 (USD) | 0.2% | 7.9% | 19.8% |
| S&P 500 (USD) | 0.4% | 7.7% | 11.8% |
Source: BSE / NSE
Top 5 best performing funds
| Name | 1W | 1Y | 3Y |
| DSP World Gold | 3.4% | 12.9% | -7.2% |
| Invesco India Gold | 2.6% | 10.5% | 2.4% |
| HSBC Brazil | 2.3% | 40.0% | 14.4% |
| ICICI Prudential Pharma Healthcare & … | 2.0% | NA | NA |
| Kotak World Gold | 1.8% | 1.0% | -9.7% |
Source: Kuvera.in
Top 5 worst performing funds
| Name | 1W | 1Y | 3Y |
| JM Core 11 | -3.4% | 5.8% | 14.7% |
| HDFC Infrastructure | -3.3% | 6.1% | 3.5% |
| ICICI Prudential Bharat 22 Fof | -3.2% | 16.2% | NA |
| IDFC Infrastructure | -2.9% | -0.6% | 12.8% |
| Tata Infrastructure | -2.9% | 10.4% | 9.7% |
Source: Kuvera.in
What Investors Bought
We saw the most inflows in these 5 Funds –
| Name | 1W | 1Y | 3Y |
| Mirae Asset Emerging Bluechip | -1.7% | 14.2% | 17.7% |
| Mirae Asset Large Cap | -1.8% | 13.2% | 16.1% |
| Parag Parikh Long Term Equity | -0.6% | 5.7% | 14.1% |
| Kotak Standard Multicap | -1.8% | 11.2% | 15.0% |
| UTI Nifty Index | -1.9% | 11.0% | 13.4% |
Source: Kuvera.in
What Investors Sold
We saw the most outflows in these 5 Funds –
| Name | 1W | 1Y | 3Y |
| Kotak Infrastructure & Economic Reform | -1.8% | 7.5% | 9.6% |
| Motilal Oswal Dynamic | -1.1% | 4.6% | NA |
| HDFC Hybrid Equity | -1.3% | 10.4% | 9.8 |
| Tata Large & Mid Cap | -1.5% | 14.3% | 12.1% |
| Tata Ethical | -2.3% | 0.3% | 7.1% |
Source: Kuvera.in
Movers & Shakers
1/ YES Mutual fund has announced that Sandeep Prabhani has ceased to be the Chief Operating Officer (COO) of YES Asset Management (India) Limited. Shobha Ramchandani, Head Operations, has been designated as a Key Personnel of the AMC.
2/ BOI AXA Mutual Fund has announced that Saurabh Kataria has ceased to be a Key Person and Senior Fund Manager of BOI AXA Mutual Fund.
3/ IDFC Mutual Fund has announced that Ravi Anand has been appointed as Key Personnel in Fixed Income Investments Team of the IDFC Asset Management Company Limited.
Quote of the week:
The greater danger for most of us isn’t that our aim is too high and miss it, but that it is too low and we reach it.
: Michelangelo
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