{"id":3390,"date":"2019-08-17T06:15:18","date_gmt":"2019-08-17T06:15:18","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3390"},"modified":"2019-08-19T02:04:53","modified_gmt":"2019-08-19T02:04:53","slug":"auto-sector-weakness-yield-curve-inversion-other-mf-news","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/","title":{"rendered":"Auto sector weakness, yield curve inversion &#038; other MF news!"},"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-69d8572c417fb\" 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-69d8572c417fb\"><\/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\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#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-2\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#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-3\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#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-4\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#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-5\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#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-6\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#Movers_Shakers\" title=\"Movers &amp; Shakers\">Movers &amp; Shakers<\/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\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#i\" title=\"\u00a0\">\u00a0<\/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\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/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\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#i-2\" title=\"\u00a0\">\u00a0<\/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\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#Feature_Showcase_Tax_Harvesting\" title=\"Feature Showcase:\u00a0Tax Harvesting\">Feature Showcase:\u00a0Tax Harvesting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/#i-3\" title=\"\u00a0\">\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\"><strong>Indian Auto Sector continues to go through a rough patch<\/strong> as passenger vehicle sales declined by 31% in July, this was the steepest decline since December 2000. Multiple OEMs (Original equipment manufacturer) including Tata Motors, Hero Motocorp and Mahindra &amp; Mahindra have announced Shutdown plans for a few days. This if anything, should serve as a reminder of <strong>how hard it is to invest in sector funds.\u00a0<\/strong><\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-3397 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/Nifty-Vs-Auto-LT.png\" alt=\"\" width=\"778\" height=\"514\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/Nifty-Vs-Auto-LT.png 778w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/Nifty-Vs-Auto-LT-300x198.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/Nifty-Vs-Auto-LT-768x507.png 768w\" sizes=\"(max-width: 778px) 100vw, 778px\" \/><\/p>\n<p>The chart above tracks the performance of the Nifty Auto Index vs the Nifty 50 Index. Going back to 2011, from when the data is available, the return on Nifty Auto is below that of Nifty 50. If you chased returns in the auto sector and invested in 2016 \/ 17 after 3-5 years of good performance, you are probably down a significant amount in this sector.<\/p>\n<p>As always we recommend not to invest in sector funds or funds that have high sector allocations. <strong>Sector timing is as hard, if not harder, than market timing<\/strong>. And more likely than not you will fall into the &#8220;<a href=\"https:\/\/kuvera.in\/blog\/how-to-bridge-the-behaviour-gap-for-higher-returns\/\" target=\"_blank\" rel=\"noopener noreferrer\">behaviour gap<\/a>&#8221; in sector investing &#8211; i.e buy the hype and eventually sell in the downturn.<\/p>\n<p><span style=\"font-weight: 400;\">Capital markets were gripped by concerns about a recession after the<strong> U.S. Treasury 10y &#8211; 3m yield curve temporarily inverted on Wednesday<\/strong> for the first time in 12 years. Let&#8217;s dig a bit deeper into what it means by yield curve inversion. It simply means that the longer-dated government securities (5y or 10y) are yielding lower than the shorter-dated government securities (3m and 2y). So the 10y &#8211; 3m yields are negative instead of being positive, as they usually are.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>While there is no accepted theory on why a yield curve inversion leads to recession<\/strong>, it has so happened that the 5 times that the 10y &#8211; 2y US treasury yield curve has inverted it has led to a recession.<\/span><\/p>\n<p><strong>Some data you need to keep in mind when you read such news<\/strong> &#8211;<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">10y &#8211; 2y yield curve has still not inverted. And that&#8217;s the measure <em>some investors<\/em> use to look for a recession indicator.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">In the 5 prior instances, the S&amp;P 500 Index peaked an average of 13.1 months after the inversion happened. <\/span><\/li>\n<li><span style=\"font-weight: 400;\">The S&amp;P 500 has made an all-time high 5 out of 5 times after the yield curve inverted.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The average onset of the recession was over 20 months after the yield curve inverted.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The sample size at 5 historic observations is too low to make any meaningful statistical inference. Add to that the lack of any credible theory on why yield curve inversion leads to recessions, you should take all such news with a pinch of salt.\u00a0<\/span><\/p>\n<p>Our views <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\">stay rock solid<\/a> &#8211; ensure that <a href=\"https:\/\/kuvera.in\/goals\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>your goal-based asset allocation is right<\/strong><\/a>, and be the best at your day job. As Walt Disney once famously said &#8211;<\/p>\n<blockquote>\n<p class=\"entry-title\"><strong>I\u2019ve heard there\u2019s going to be a recession. I\u2019ve decided not to participate.<\/strong><\/p>\n<p><strong>: Walt Disney<\/strong><\/p><\/blockquote>\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 style=\"height: 233px;\" width=\"707\">\n<tbody>\n<tr>\n<td width=\"159\"><strong>Index<\/strong><\/td>\n<td width=\"64\"><strong>1W<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">NIFTY 50<\/td>\n<td width=\"64\">-0.6%<\/td>\n<td width=\"64\">-3.0%<\/td>\n<td width=\"64\">8.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">NIFTY NEXT 50<\/td>\n<td width=\"64\">-0.9%<\/td>\n<td width=\"64\">-11.8%<\/td>\n<td width=\"64\">4.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">S&amp;P BSE SENSEX<\/td>\n<td width=\"64\">-0.6%<\/td>\n<td width=\"64\">-0.8%<\/td>\n<td width=\"64\">10.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">S&amp;P BSE SmallCap<\/td>\n<td width=\"64\">-0.9%<\/td>\n<td width=\"64\">-24.6%<\/td>\n<td width=\"64\">1.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">S&amp;P BSE MidCap<\/td>\n<td width=\"64\">-1.3%<\/td>\n<td width=\"64\">-16.5%<\/td>\n<td width=\"64\">1.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">NASDAQ 100<\/td>\n<td width=\"64\">-0.6%<\/td>\n<td width=\"64\">3.1%<\/td>\n<td width=\"64\">16.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">S&amp;P 500<\/td>\n<td width=\"64\">-1.0%<\/td>\n<td width=\"64\">1.7%<\/td>\n<td width=\"64\">9.9%<\/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 style=\"height: 205px;\" width=\"707\">\n<tbody>\n<tr>\n<td width=\"159\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1W<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/dhfl-pramerica-global-equity-opportunities-growth--PRGAD1-GR\"><b>PGIM Global Equity..<\/b><\/a><\/td>\n<td width=\"64\">2.6%<\/td>\n<td width=\"64\">14.1%<\/td>\n<td width=\"64\">12.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/canara-robeco-gold-saving-growth--CAGSDG-GR\"><b>Canara Robeco Gold Saving<\/b><\/a><\/td>\n<td width=\"64\">2.1%<\/td>\n<td width=\"64\">25.2%<\/td>\n<td width=\"64\">5.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/edelweiss-greater-china-equity-off-shore-growth--EDGCD1-GR\"><b>Edelweiss Greater China<\/b><\/a><\/td>\n<td width=\"64\">2.1%<\/td>\n<td width=\"64\">2.7%<\/td>\n<td width=\"64\">11.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/invesco-india-gold-growth--RGRGD1-GR\"><b>Invesco India Gold<\/b><\/a><\/td>\n<td width=\"64\">2.1%<\/td>\n<td width=\"64\">22.6%<\/td>\n<td width=\"64\">4.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-natural-resources-new-energy-growth--DS785-GR\"><b>DSP Natural Resources &amp; ..<\/b><\/a><\/td>\n<td width=\"64\">2.0%<\/td>\n<td width=\"64\">-14.3%<\/td>\n<td width=\"64\">8.0%<\/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_funds\"><\/span><strong>Top 5 worst performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 173px;\" width=\"706\">\n<tbody>\n<tr>\n<td width=\"159\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1W<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-feeder-franklin-european-growth-fund-growth--FT708-GR\"><b>Franklin Feeder Europe&#8230;<\/b><\/a><\/td>\n<td width=\"64\">-2.8%<\/td>\n<td width=\"64\">-12.6%<\/td>\n<td width=\"64\">0.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/kotak-world-gold-growth--KO05GD-GR\"><b>Kotak World Gold<\/b><\/a><\/td>\n<td width=\"64\">-2.7%<\/td>\n<td width=\"64\">20.8%<\/td>\n<td width=\"64\">-7.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\"><b>DSP World Gold<\/b><\/a><\/td>\n<td width=\"64\">-2.6%<\/td>\n<td width=\"64\">28.9%<\/td>\n<td width=\"64\">-4.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><a href=\"https:\/\/kuvera.in\/explore\/tata-india-pharma-healthcare-growth--TAIPHGZ-GR\"><b>Tata India Pharma &amp; Health<\/b><\/a><\/td>\n<td width=\"64\">-2.4%<\/td>\n<td width=\"64\">-3.0%<\/td>\n<td width=\"64\">-1.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/uti-healthcare-growth--UTGPD2-GR\"><b>UTI Healthcare<\/b><\/a><\/td>\n<td width=\"64\">-2.3%<\/td>\n<td width=\"64\">-13.2%<\/td>\n<td width=\"64\">-5.2%<\/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 Funds \u2013<\/p>\n<table style=\"height: 171px;\" width=\"705\">\n<tbody>\n<tr>\n<td width=\"159\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1W<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\"><b>Mirae Emerging Bluechip<\/b><\/a><\/td>\n<td width=\"64\">-0.4%<\/td>\n<td width=\"64\">1.4%<\/td>\n<td width=\"64\">13.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/parag-parikh-long-term-equity-growth--PP001ZG-GR\"><b>Parag Parikh Long Term Eq..<\/b><\/a><\/td>\n<td width=\"64\">-1.5%<\/td>\n<td width=\"64\">-3.1%<\/td>\n<td width=\"64\">11.2%<\/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 width=\"64\">-0.1%<\/td>\n<td width=\"64\">-1.1%<\/td>\n<td width=\"64\">11.0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/uti-nifty-index-growth--UTNID2-GR\"><b>UTI Nifty Index<\/b><\/a><\/td>\n<td width=\"64\">-0.5%<\/td>\n<td width=\"64\">-1.8%<\/td>\n<td width=\"64\">9.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-large-cap-growth--MAFIOD1-GR\"><b>Mirae Large Cap<\/b><\/a><\/td>\n<td width=\"64\">-0.5%<\/td>\n<td width=\"64\">0.2%<\/td>\n<td width=\"64\">11.8%<\/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 Funds \u2013<\/p>\n<table style=\"height: 148px;\" width=\"699\">\n<tbody>\n<tr>\n<td width=\"159\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1W<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/reliance-gold-saving-growth--GDAG-GR\"><b>Reliance Gold Saving<\/b><\/a><\/td>\n<td width=\"64\">0.5%<\/td>\n<td width=\"64\">25.0%<\/td>\n<td width=\"64\">4.9%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/indiabulls-saving-income-growth--INMIDG-GR\"><b>Indiabulls Saving Income<\/b><\/a><\/td>\n<td width=\"64\">-0.2%<\/td>\n<td width=\"64\">5.5%<\/td>\n<td width=\"64\">9.9%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-infrastructure-economic-reform-growth--KO03GD-GR\"><b>Kotak Infrastructure &amp; Eco..<\/b><\/a><\/td>\n<td width=\"64\">-1.3%<\/td>\n<td width=\"64\">-4.6%<\/td>\n<td width=\"64\">5.1%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/taurus-banking-financial-services-growth--TRTBG1-GR\"><b>Taurus Banking &amp; Fin..<\/b><\/a><\/td>\n<td width=\"64\">-0.9%<\/td>\n<td width=\"64\">3.8%<\/td>\n<td width=\"64\">13.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/idfc-multi-cap-growth--D203-GR\"><b>IDFC Multi Cap<\/b><\/a><\/td>\n<td width=\"64\">-0.7%<\/td>\n<td width=\"64\">-9.1%<\/td>\n<td width=\"64\">5.4%<\/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_Shakers\"><\/span><b>Movers &amp; Shakers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>1\/ <strong><a href=\"https:\/\/kuvera.in\/explore\/funds\/absl\" target=\"_blank\" rel=\"noopener noreferrer\">Aditya Birla Sun Life Mutual Fund<\/a><\/strong> has appointed Vinod Bhat as a fund manager and a Key Personnel of<a href=\"https:\/\/kuvera.in\/explore\/funds\/absl\" target=\"_blank\" rel=\"noopener noreferrer\"><strong> Aditya Birla Sun Life AMC Limited<\/strong><\/a> with effect from 16 August 2019.<\/p>\n<p>2\/ <a href=\"https:\/\/kuvera.in\/explore\/funds\/reliance\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Reliance Mutual Fund<\/strong><\/a> has appointed Vikram Dhawan as Fund Manager &#8211; Commodities &amp; Key Personnel of <a href=\"https:\/\/kuvera.in\/explore\/funds\/reliance\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Reliance Nippon Life Asset Management Limited<\/strong><\/a>, with effect from 01 August 2019.<\/p>\n<p>3\/ <a href=\"https:\/\/kuvera.in\/explore\/funds\/essel\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Essel Mutual Fund<\/strong><\/a> has designated Kamlesh Dixit and Niraj Singh as key personnel of <a href=\"https:\/\/kuvera.in\/explore\/funds\/essel\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Essel AMC<\/strong><\/a>, with effect from 12 August 2019.<\/p>\n<p>4\/ <span style=\"font-weight: 400;\">BSE Star MF, which handles 20% of all Mutual Fund transactions, broke past its own record of most number of transactions in a day. The exchange processed 8.56 lakh transactions on Tuesday, valuing Rs 1,287 Crore. The previous best was 7.62 lakh transactions on June 10, 2019.\u00a0<\/span><\/p>\n<h5><span class=\"ez-toc-section\" id=\"i\"><\/span><em><span lang=\"EN-US\">\u00a0<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\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>\n<p class=\"thin-quote investor-quote\"><strong>The function of economic forecasting is to make astrology look respectable.<\/strong><\/p>\n<p class=\"investors-name\"><strong>: John Kenneth Galbraith<\/strong><\/p>\n<\/blockquote>\n<h5><span class=\"ez-toc-section\" id=\"i-2\"><\/span><em><span lang=\"EN-US\">\u00a0<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3049\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5.png\" alt=\"\" width=\"1355\" height=\"703\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5.png 1355w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-300x156.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-768x398.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-1024x531.png 1024w\" sizes=\"(max-width: 1355px) 100vw, 1355px\" \/><\/p>\n<h5 class=\"null\"><span class=\"ez-toc-section\" id=\"Feature_Showcase_Tax_Harvesting\"><\/span><strong>Feature Showcase:\u00a0Tax Harvesting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><a href=\"https:\/\/blog.kuvera.in\/save-up-to-%e2%82%b910000-in-ltcg-taxes-with-tax-harvesting\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Tax Harvesting<\/strong><\/a>\u00a0is a technique that utilises the \u20b91 Lakh annual LTCG exemption by selling and buying back part of your investment such that you \u201crealise\u201d gains and not pay taxes on them.\u00a0At a 10% LTCG tax rate, you could save up to Rs 10,000 in LTCG taxes every year by doing this diligently.<\/p>\n<p>Do not wait for February \/ March to harvest taxes. Do it as early in the financial year as possible \u2013\u00a0<em><strong>you may not have gains later to harvest!<\/strong><\/em><\/p>\n<p>Like all our features, Tax Harvesting optimizes on your entire portfolio \u2013 bought on Kuvera or\u00a0<a href=\"https:\/\/blog.kuvera.in\/automatic-tracking-of-your-external-transactions\/\" target=\"_blank\" rel=\"noopener noreferrer\">imported<\/a>\u00a0from elsewhere.<\/p>\n<p><strong><a href=\"https:\/\/kuvera.in\/feature\/tax-harvesting\" target=\"_blank\" rel=\"noopener noreferrer\">Start harvesting<\/a>\u00a0today.<\/strong><\/p>\n<h5><span class=\"ez-toc-section\" id=\"i-3\"><\/span><em><span lang=\"EN-US\">\u00a0<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a>\u00a0and\u00a0<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>Indian Auto Sector continues to go through a rough patch as passenger vehicle sales declined by 31% in July, this was the steepest decline since December 2000. Multiple OEMs (Original equipment manufacturer) including Tata Motors, Hero Motocorp and Mahindra &amp; Mahindra have announced Shutdown plans for a few days. This if anything, should serve as [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/auto-sector-weakness-yield-curve-inversion-other-mf-news\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":3408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,83,36,225,11,66,212,249,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto sector weakness, yield curve inversion &amp; other MF news! - Kuvera<\/title>\n<meta name=\"description\" content=\"While there is no accepted reason why, the 5 times that the 10y - 2y US treasury yield curve has inverted it has led to a recession. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-that-you-need-to-know-about-mutual-funds-last-week-5-4191121.htm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto sector weakness, yield curve inversion &amp; other MF news! - Kuvera\" \/>\n<meta property=\"og:description\" content=\"While there is no accepted reason why, the 5 times that the 10y - 2y US treasury yield curve has inverted it has led to a recession. Learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-that-you-need-to-know-about-mutual-funds-last-week-5-4191121.htm\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-17T06:15:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-19T02:04:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/Capture-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1193\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gaurav Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gaurav Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Auto sector weakness, yield curve inversion & other MF news! - Kuvera","description":"While there is no accepted reason why, the 5 times that the 10y - 2y US treasury yield curve has inverted it has led to a recession. 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