{"id":2507,"date":"2019-02-04T03:06:14","date_gmt":"2019-02-04T03:06:14","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=2507"},"modified":"2019-02-04T04:05:14","modified_gmt":"2019-02-04T04:05:14","slug":"last-week-in-mutual-funds-2nd-february","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/","title":{"rendered":"Last Week in Mutual Funds: 2nd February"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69dd2d56bbb0d\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69dd2d56bbb0d\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#All_that_you_need_to_know_about_Mutual_Funds_this_week\" title=\"All that you need to know about Mutual Funds this week\">All that you need to know about Mutual Funds this week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Index_Returns\" title=\"Index Returns:\">Index Returns:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Top_5_best_performing_funds\" title=\"Top 5 best performing funds:\">Top 5 best performing funds:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Top_5_worst_performing_funds\" title=\"Top 5 worst performing funds:\">Top 5 worst performing funds:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Top_5_best_performing_ELSS_funds\" title=\"Top 5 best performing ELSS funds:\">Top 5 best performing ELSS funds:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Top_5_worst_performing_ELSS_funds\" title=\"Top 5 worst performing ELSS funds:\">Top 5 worst performing ELSS funds:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#What_investors_bought\" title=\"What\u00a0investors bought:\">What\u00a0investors bought:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#What_investors_sold\" title=\"What investors sold:\">What investors sold:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Movers_and_shakers_at_fund_house\" title=\"Movers and shakers at fund house:\">Movers and shakers at fund house:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/#Quote_of_the_week\" title=\"Quote of the week: \">Quote of the week: <\/a><\/li><\/ul><\/nav><\/div>\n<h5><span class=\"ez-toc-section\" id=\"All_that_you_need_to_know_about_Mutual_Funds_this_week\"><\/span>All that you need to know about Mutual Funds this week<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>On 1\/Feb the centre presented a <strong>farm-friendly, consumption-oriented budget ahead of the general elections.<\/strong> An important announcement was the doubling of income tax rebate for individuals. The Finance Minister, Piyush Goyal, announced full tax rebate for income-tax payers earning up to Rs 5 lakh per annum. With this, individuals earning upto Rs 6.5 lakh would not need to pay any tax if they invest Rs 1.5 lakh under Section 80C of the Income Tax Act. The standard deduction available to salaried taxpayers was also increased from Rs 40,000 to Rs 50,000.<\/p>\n<p>A leaked National Sample Survey Office (NSSO) report shows that the country&#8217;s <strong>unemployment rate is at a 45-year high of 6.1%.<\/strong> The report further said that unemployment was higher in urban areas (7.8 per cent) as compared to 5.3 per cent in rural areas of the country. The Government, however, claimed that the report was being processed and would be released once done.<\/p>\n<p>Stock Prices of Essel Group companies fell sharply on 25\/Jan after a media report suggested that the group might be linked to Nityank Infrapower (a company that\u2019s being probed for fraud). Serious Fraud Investigation Office (SFIO) is probing Nityank Infrapower for deposits of over Rs 3,000 crore post-demonetisation announcement. As many as 10 mutual fund houses have investments in Essel Group companies.<\/p>\n<p>DHFL was another stock that fell sharply during this week amidst rising uncertainties in the NBFC space that froze credit-lending operations of the company. The company has lost more than 73% of its share price in the past four months. However, several fund houses had exposure worth about Rs 8,650 crore to DHFL and its group entities, as on 31\/Dec 2018.<\/p>\n<p><strong>The fund houses with most exposure to shares of DHFL Group companies include<\/strong>:<\/p>\n<ul>\n<li><a href=\"https:\/\/kuvera.in\/explore\/funds\/uti\" target=\"_blank\" rel=\"noopener\">UTI Mutual Fund<\/a> (Rs 2,144 crore)<\/li>\n<li><a href=\"https:\/\/kuvera.in\/explore\/funds\/reliance\" target=\"_blank\" rel=\"noopener\">Reliance AMC<\/a> (1,488 crore)<\/li>\n<li><a href=\"https:\/\/kuvera.in\/explore\/funds\/axis\" target=\"_blank\" rel=\"noopener\">Axis AMC<\/a> (Rs 771 crore)<\/li>\n<li><a href=\"https:\/\/kuvera.in\/explore\/funds\/franklin\" target=\"_blank\" rel=\"noopener\">Franklin Templeton<\/a> (Rs 571 crore)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Index_Returns\"><\/span><strong>Index Returns:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table width=\"676\">\n<tbody>\n<tr>\n<td width=\"145\"><strong>Index<\/strong><\/td>\n<td width=\"91\"><strong>Weekly open<\/strong><\/td>\n<td width=\"96\"><strong>Weekly close<\/strong><\/td>\n<td width=\"60\"><strong>Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td>BSE Sensex<\/td>\n<td>36,025.54<\/td>\n<td>36,469.43<\/td>\n<td>1.23%<\/td>\n<\/tr>\n<tr>\n<td>Nifty<\/td>\n<td>10,780.55<\/td>\n<td>10,893.65<\/td>\n<td>1.05%<\/td>\n<\/tr>\n<tr>\n<td>S&amp;P BSE SmallCap<\/td>\n<td>14,000.20<\/td>\n<td>13,950.45<\/td>\n<td>-0.36%<\/td>\n<\/tr>\n<tr>\n<td>S&amp;P BSE MidCap<\/td>\n<td>14,681.82<\/td>\n<td>14,641.38<\/td>\n<td>-0.28%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Source- BSE\/NSE<\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_best_performing_funds\"><\/span><strong>Top 5 best performing funds:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table width=\"672\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-world-gold-growth--KO05GD-GR\"><b>KOTAK WORLD GOLD<\/b><\/a><\/td>\n<td>10.3%<\/td>\n<td>10.5%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\"><b>DSP WORLD GOLD<\/b><\/a><\/td>\n<td>8.4%<\/td>\n<td>12.0%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-mining-growth--DS764-GR\"><b>DSP WORLD MINING<\/b><\/a><\/td>\n<td>5.9%<\/td>\n<td>23.5%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/edelweiss-greater-china-equity-off-shore-growth--EDGCD1-GR\"><b>EDELWEISS GREATER CHINA EQUITY<\/b><\/a><\/td>\n<td>4.0%<\/td>\n<td>14.2%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/tata-digital-india-growth--TADIFGZ-GR\"><b>TATA DIGITAL INDIA<\/b><\/a><\/td>\n<td>3.7%<\/td>\n<td>13.4%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<h5><\/h5>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_worst_performing_funds\"><\/span><strong>Top 5 worst performing funds:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table width=\"666\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hsbc-infrastructure-equity-growth--HAFG-GR\"><b>HSBC INFRASTRUCTURE EQUITY<\/b><\/a><\/td>\n<td>-2.0%<\/td>\n<td>0.6%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-infrastructure-growth--INFGT-DP\"><b>HDFC INFRASTRUCTURE<\/b><\/a><\/td>\n<td>-1.8%<\/td>\n<td>3.3%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/idfc-infrastructure-growth--D265-GR\"><b>IDFC INFRASTRUCTURE<\/b><\/a><\/td>\n<td>-1.7%<\/td>\n<td>10.5%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/idbi-midcap-growth--IBMCG1-GR\"><b>IDBI MIDCAP<\/b><\/a><\/td>\n<td>-1.4%<\/td>\n<td>3.3%<\/td>\n<td>Mid Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/reliance-power-and-infra-growth--PSAG-GR\"><b>RELIANCE POWER AND INFRA<\/b><\/a><\/td>\n<td>-1.4%<\/td>\n<td>9.3%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_best_performing_ELSS_funds\"><\/span><strong>Top 5 best performing ELSS funds:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table width=\"672\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/canara-robeco-equity-tax-saver-growth--CAETDG-GR\"><b>CANARA ROBECO EQUITY TAX SAVER<\/b><\/a><\/td>\n<td>1.6%<\/td>\n<td>13.7%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-tax-saver-growth--MATSD1-GR\"><b>MIRAE ASSET TAX SAVER<\/b><\/a><\/td>\n<td>1.6%<\/td>\n<td>21.2%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/dhfl-pramerica-long-term-equity-growth--PRTFG1-GR\"><b>DHFL PRAMERICA LONG TERM EQUITY<\/b><\/a><\/td>\n<td>1.5%<\/td>\n<td>13.1%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/invesco-india-tax-growth--RGTPD1-GR\"><b>INVESCO INDIA TAX<\/b><\/a><\/td>\n<td>1.5%<\/td>\n<td>14.6%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/bnp-paribas-long-term-equity-growth--BN69G-GR\"><b>BNP PARIBAS LONG TERM EQUITY<\/b><\/a><\/td>\n<td>1.5%<\/td>\n<td>10.1%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_worst_performing_ELSS_funds\"><\/span><strong>Top 5 worst performing ELSS funds:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table width=\"667\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/motilal-oswal-long-term-equity-growth--MOLTGD-GR\"><b>MOSL LONG TERM EQUITY<\/b><\/a><\/td>\n<td>-0.2%<\/td>\n<td>16.4%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-tax-saver-growth--32T-GR\"><b>HDFC TAX SAVER<\/b><\/a><\/td>\n<td>0.2%<\/td>\n<td>13.6%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-long-term-equity-growth--8000-GR\"><b>ICICI PRU LONG TERM EQUITY<\/b><\/a><\/td>\n<td>0.3%<\/td>\n<td>11.8%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-tax-saver-growth--KO144D-GR\"><b>KOTAK TAX SAVER<\/b><\/a><\/td>\n<td>0.3%<\/td>\n<td>15.0%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/axis-long-term-equity-growth--TSDG-GR\"><b>AXIS LONG TERM EQUITY<\/b><\/a><\/td>\n<td>0.4%<\/td>\n<td>12.4%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_investors_bought\"><\/span><strong>What\u00a0<\/strong><strong>investors bought:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We saw the most inflows in these 5 schemes \u2013<\/p>\n<table width=\"668\">\n<tbody>\n<tr>\n<td width=\"238\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"152\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-india-equity-growth--MAFIOD1-GR\"><b>MIRAE ASSET INDIA EQUITY<\/b><\/a><\/td>\n<td>-2.5%<\/td>\n<td>17.1%<\/td>\n<td>Multi Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-small-cap-growth--HDACG1G-GR\"><b>HDFC SMALL CAP<\/b><\/a><\/td>\n<td>-7.8%<\/td>\n<td>19.7%<\/td>\n<td>Small Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-standard-multicap-growth--KO168D-GR\"><b>KOTAK STANDARD MULTICAP<\/b><\/a><\/td>\n<td>-2.6%<\/td>\n<td>16.3%<\/td>\n<td>Multi Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-tax-relief96-growth--BS02GZ-GR\"><b>ADITYA BIRLA SUN LIFE TAX RELIEF96<\/b><\/a><\/td>\n<td>-4.5%<\/td>\n<td>14.7%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/uti-nifty-next-50-index-growth--UTNYG1-GR\"><b>UTI NIFTY NEXT 50 INDEX<\/b><\/a><\/td>\n<td>NA<\/td>\n<td>-5.4%<\/td>\n<td>Index<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_investors_sold\"><\/span><strong>What investors sold:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) \u2013<\/p>\n<table width=\"658\">\n<tbody>\n<tr>\n<td width=\"238\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"152\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\"><b>MIRAE ASSET EMER BLUECHIP<\/b><\/a><\/td>\n<td>-6.2%<\/td>\n<td>17.2%<\/td>\n<td>Large &amp; Mid<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-banking-and-financial-services-growth--8044-GR\"><b>ICICI PRU BANKING AND FIN.<\/b><\/a><\/td>\n<td>-5.5%<\/td>\n<td>24.0%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-top-100-growth--44T-GR\"><b>HDFC TOP 100<\/b><\/a><\/td>\n<td>-2.5%<\/td>\n<td>16.8%<\/td>\n<td>Large Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/sbi-magnum-midcap-growth--SBD091G-GR\"><b>SBI MAGNUM MIDCAP<\/b><\/a><\/td>\n<td>-16.1%<\/td>\n<td>7.1%<\/td>\n<td>Mid Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-balance-advantage-growth--GFGT-GR\"><b>HDFC BALANCE ADVANTAGE<\/b><\/a><\/td>\n<td>-3.2%<\/td>\n<td>16.0%<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Movers_and_shakers_at_fund_house\"><\/span><strong>Movers and shakers at fund house:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>1\/<a href=\"https:\/\/kuvera.in\/explore\/funds\/kotak\" target=\"_blank\" rel=\"noopener\">\u00a0Kotak Mutual Fund<\/a> has announced that Kotak Global Emerging Market Fund, Kotak India Growth Fund Series 4,5 and 7 will be managed by Mr. Deepak Gupta, Mr. Devender Singhal, Mr. Harish Krishnan and Mr. Devender Singhal, respectively.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<blockquote><p><strong>Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into acceptance, chaos to order, confusion to clarity. It can turn a meal into a feast, a house into a home, a stranger into a friend. <\/strong><\/p>\n<p><strong>Melody Beattie<\/strong><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><em>This market update was initially published by <\/em><em>CNBCTV18 <\/em><em> in the <strong>Personal Finance <\/strong>section. <\/em><\/p>\n<p><em>Niveditha Vishwamithra is an Analyst at <a href=\"https:\/\/kuvera.in\/\"><strong>Kuvera.in: India\u2019s first completely free Direct Mutual Fund investing platform<\/strong><\/a><strong>.<\/strong><\/em><\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All that you need to know about Mutual Funds this week On 1\/Feb the centre presented a farm-friendly, consumption-oriented budget ahead of the general elections. An important announcement was the doubling of income tax rebate for individuals. The Finance Minister, Piyush Goyal, announced full tax rebate for income-tax payers earning up to Rs 5 lakh [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/last-week-in-mutual-funds-2nd-february\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":2512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,210,211,11,66,212,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Last Week in Mutual Funds: 2nd February - Kuvera<\/title>\n<meta name=\"description\" content=\"All the action in mutual funds last week explained in six tables. 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