{"id":3467,"date":"2019-08-31T03:15:40","date_gmt":"2019-08-31T03:15:40","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3467"},"modified":"2019-09-02T04:20:07","modified_gmt":"2019-09-02T04:20:07","slug":"aum-growth-3-down-months-psu-bank-mergers","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/","title":{"rendered":"AUM Growth, 3 Down Months &#038; PSU Bank Mergers!"},"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-69d12adfc3ead\" 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-69d12adfc3ead\"><\/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-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/#Index_Returns\" title=\"Index Returns\">Index Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/#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-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/#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-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/#What_Investors_Bought\" title=\"What Investors Bought\">What Investors Bought<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/#What_Investors_Sold\" title=\"What Investors Sold\">What Investors Sold<\/a><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/#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\/aum-growth-3-down-months-psu-bank-mergers\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\"><strong>The share of gross household financial assets doubled from 3% to 6% between 2014 and 2018<\/strong>, as per data from Association of Mutual Fund of India (AMFI).\u00a0 <\/span><a href=\"https:\/\/www.crisil.com\/content\/dam\/crisil\/our-analysis\/reports\/Research\/documents\/2019\/august\/sip-shape.pdf\"><span style=\"font-weight: 400;\">AMFI-CRISIL factbook<\/span><\/a><span style=\"font-weight: 400;\"> gives a picture of the changes in the mutual fund&#8217;s industry since 2014 &#8211;\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Share of equity funds in total assets under management went up from 24% to 45%<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">The AUM of equity funds grew at a CAGR of 38.6% This includes both inflows and returns.\u00a0<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">The AUM of Hybrid funds grew at 54% CAGR, liquid funds at 27% and debt funds at 8%<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">Individual investors upped their share of AUM from 48% to 58% in this period<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">The average ticket size for individual investors increased from Rs 1.02 lakh to Rs 1.69 lakh<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">The annual SIP flow from individual investors increased from Rs 44,000 crore in FY 2016-17 to nearly Rs 93,000 crore in 2018-19.<\/span><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3482\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/3MonthDown-1.png\" alt=\"\" width=\"1044\" height=\"406\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/3MonthDown-1.png 1044w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/3MonthDown-1-300x117.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/3MonthDown-1-768x299.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/3MonthDown-1-1024x398.png 1024w\" sizes=\"(max-width: 1044px) 100vw, 1044px\" \/><\/p>\n<p><strong>Aug-19 was the 26th time since 1990 that Nifty had 3 negative monthly returns in a row.<\/strong> We are seeing some forwards that claim that 3 consecutive down months have usually meant a positive return the next month. We wanted to check for ourselves and ran the same backtest all the way to 1990.<\/p>\n<blockquote><p>&nbsp;<\/p>\n<p><strong><em>If we look at the past 25 instances that Nifty had 3 negative monthly returns, we do find a small postive return of 1.5% in the next month. Unfortunately, it is not statistically significant.\u00a0<\/em><\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>This follows reason as well. While everyone agrees that reversion to mean happens in the market, there is no reason for it to happen at precisely 3 down months. Our advice is to be very wary of such analysis of market timing and almost never ever to follow it.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">On Friday, Finance Minister <strong>Nirmala Sitharaman announced plans to merge 10 public sector banks into 4.<\/strong> This move will bring down the number of PSU banks to 12 from 21.\u00a0 <\/span><span style=\"font-weight: 400;\">According to the plan:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Indian Bank will be merged with Allahabad Bank (anchor bank &#8211; Indian Bank)<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">PNB, OBC and United Bank to be merged (PNB will be the anchor bank)<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">Union Bank of India, Andhra Bank and Corporation Bank to be merged (anchor bank &#8211; Union Bank of India)<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"font-weight: 400;\">Canara Bank and Syndicate Bank to be merged (anchor bank &#8211; Canara Bank)<\/span><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><strong>The Central Statistics Office released GDP data for the April-June quarter<\/strong> on Friday. India\u2019s GDP grew by 5% in the first quarter of this Financial Year. In comparison, the GDP growth rate was 5.8% during the same period in 2018.<\/p>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"Index_Returns\"><\/span><strong>Index Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Index<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY 50<\/td>\n<td>1.8%<\/td>\n<td>-5.6%<\/td>\n<td>8.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY NEXT 50<\/td>\n<td>4.2%<\/td>\n<td>-15.0%<\/td>\n<td>4.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SENSEX<\/td>\n<td>1.7%<\/td>\n<td>-3.5%<\/td>\n<td>9.6%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SmallCap<\/td>\n<td>2.9%<\/td>\n<td>-26.6%<\/td>\n<td>-0.2%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE MidCap<\/td>\n<td>2.0%<\/td>\n<td>-19.9%<\/td>\n<td>0.8%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NASDAQ 100<\/td>\n<td>3.0%<\/td>\n<td>0.6%<\/td>\n<td>17.2%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P 500<\/td>\n<td>2.8%<\/td>\n<td>0.9%<\/td>\n<td>10.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: BSE \/ NSE<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><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><\/h4>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-natural-resources-new-energy-growth--DS785-GR\">DSP Natural Resources &amp; New Energy<\/a><\/td>\n<td>5.2%<\/td>\n<td>-18.6%<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\">DSP World Gold<\/a><\/td>\n<td>4.8%<\/td>\n<td>46.5%<\/td>\n<td>-3.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/kotak-world-gold-growth--KO05GD-GR\">Kotak World Gold<\/a><\/td>\n<td>4.8%<\/td>\n<td>37.9%<\/td>\n<td>-5.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/uti-nifty-next-50-index-growth--UTNYG1-GR\">UTI Nifty Next 50 Index<\/a><\/td>\n<td>4.2%<\/td>\n<td>-14.3%<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/idbi-nifty-junior-index-growth--NJG1-GR\">IDBI Nifty Junior Index<\/a><\/td>\n<td>4.1%<\/td>\n<td>-14.1%<\/td>\n<td>5.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><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><\/h4>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/hsbc-brazil-growth--HSHBFG-GR\">HSBC Brazil<\/a><\/td>\n<td>-4.3%<\/td>\n<td>24.4%<\/td>\n<td>7.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/principal-global-opportunities-growth--PCGOZG-GR\">Principal Global Opportunities<\/a><\/td>\n<td>-1.5%<\/td>\n<td>-9.9%<\/td>\n<td>8.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/pgim-india-global-equity-opportunities-growth--PRGAD1-GR\">PGIM India Global Equity Opportunities<\/a><\/td>\n<td>-1.5%<\/td>\n<td>8.9%<\/td>\n<td>12.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-strategic-debt-growth--RLCBAG-GR\">Reliance Strategic Debt<\/a><\/td>\n<td>-0.7%<\/td>\n<td>-1.0%<\/td>\n<td>4.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/hsbc-global-emerging-markets-growth--HSHEMFG-GR\">HSBC Global Emerging Markets<\/a><\/td>\n<td>-0.6%<\/td>\n<td>-7.4%<\/td>\n<td>5.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"What_Investors_Bought\"><\/span><strong>What Investors Bought<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We saw the most inflows in these 5 Funds \u2013<\/p>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/uti-nifty-index-growth--UTNID2-GR\">UTI Nifty Index<\/a><\/td>\n<td>1.8%<\/td>\n<td>-4.4%<\/td>\n<td>9.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/kotak-standard-multicap-growth--KO168D-GR\">Kotak Standard Multicap<\/a><\/td>\n<td>2.0%<\/td>\n<td>-3.8%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/uti-nifty-next-50-index-growth--UTNYG1-GR\">UTI Nifty Next 50 Index<\/a><\/td>\n<td>4.2%<\/td>\n<td>-14.3%<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-large-cap-growth--MAFIOD1-GR\">Mirae Asset Large Cap<\/a><\/td>\n<td>2.3%<\/td>\n<td>-2.3%<\/td>\n<td>11.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/axis-bluechip-growth--AXEFDG-GR\">Axis Bluechip<\/a><\/td>\n<td>1.8%<\/td>\n<td>2.2%<\/td>\n<td>13.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"What_Investors_Sold\"><\/span><strong>What Investors Sold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We saw the most outflows in these 5 Funds \u2013<\/p>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\">DSP World Gold<\/a><\/td>\n<td>4.8%<\/td>\n<td>46.5%<\/td>\n<td>-3.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/tata-equity-pe-growth--TAEPEGZ-GR\">Tata Equity PE<\/a><\/td>\n<td>2.4%<\/td>\n<td>-10.0%<\/td>\n<td>8.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-equity-saving-growth--FR780-GR\">Franklin India Equity Saving<\/a><\/td>\n<td>0.8%<\/td>\n<td>2.4%<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-equity-growth--BS51Z-GR\">Aditya Birla Sun Life Equity<\/a><\/td>\n<td>2.1%<\/td>\n<td>-8.7%<\/td>\n<td>7.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-equity-saving-cumulative-growth--IC8758-GR\">ICICI Prudential Equity Saving Cumula&#8230;<\/a><\/td>\n<td>0.8%<\/td>\n<td>6.7%<\/td>\n<td>7.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><\/h5>\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><b>1\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/uti\" target=\"_blank\" rel=\"noopener noreferrer\"><b>UTI Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has announced the <\/span><a href=\"https:\/\/docs.utimf.com\/v1\/AUTH_5b9dd00b-8132-4a21-a800-711111810cee\/UTIContainer\/31-19-20%20-%20Change%20in%20Fund%20Managers20190830-054416.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">change in fund manager<\/span><\/a><span style=\"font-weight: 400;\"> for a few schemes including UTI Mid Cap Fund and UTI Long Term Equity Fund.<\/span><\/p>\n<p><b>2\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/axis\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Axis Mutual Fund<\/b><\/a> <span style=\"font-weight: 400;\">has announced that U R Bhat has ceased to be an Independent Director on the Board of Axis AMC and Venkataramanan Anantharaman has been appointed in his stead. The fund house also announced the appointment of Ravi Narayanan as a Director on the board of the AMC.<\/span><\/p>\n<p><b>3\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/indiabulls\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Indiabulls Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has announced that Rekha Warriar, Independent Director, has resigned from the Board of Indiabulls Asset Management Company Limited with effect from 27 August 2019.\u00a0<\/span><\/p>\n<p><b>4\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/edelweiss\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Edelweiss Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has announced that K V Hegde has ceased to be an Independent Director of Edelweiss Trusteeship Company Limited, with effect from 24 August 2019.\u00a0<\/span><\/p>\n<h5><\/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><p>&nbsp;<\/p>\n<p class=\"thin-quote investor-quote\"><strong>There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder. <\/strong><\/p>\n<p class=\"thin-quote investor-quote\"><strong>: Ronald Reagan<\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\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>The share of gross household financial assets doubled from 3% to 6% between 2014 and 2018, as per data from Association of Mutual Fund of India (AMFI).\u00a0 AMFI-CRISIL factbook gives a picture of the changes in the mutual fund&#8217;s industry since 2014 &#8211;\u00a0 Share of equity funds in total assets under management went up from [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/aum-growth-3-down-months-psu-bank-mergers\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":3486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,258,167,259,83,36,225,11,66,212,249,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AUM Growth, 3 Down Months &amp; PSU Bank Mergers! - Kuvera<\/title>\n<meta name=\"description\" content=\"The AUM of equity funds grew at a CAGR of 38.6% The AUM of Hybrid funds grew at 54% CAGR, liquid funds at 27% and debt funds at 8%\" \/>\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-this-week-36-4276881.htm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AUM Growth, 3 Down Months &amp; PSU Bank Mergers! - Kuvera\" \/>\n<meta property=\"og:description\" content=\"The AUM of equity funds grew at a CAGR of 38.6% The AUM of Hybrid funds grew at 54% CAGR, liquid funds at 27% and debt funds at 8%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-that-you-need-to-know-about-mutual-funds-this-week-36-4276881.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=\"2019-08-31T03:15:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-02T04:20:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/Capture-8.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1443\" \/>\n\t<meta property=\"og:image:height\" content=\"730\" \/>\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=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AUM Growth, 3 Down Months & PSU Bank Mergers! 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A graduate of IITD and Chicago Booth, he managed a long-short equity strategy for Morgan Stanley before starting Kuvera.","url":"https:\/\/kuvera.in\/blog\/author\/rustyhk123\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/3467"}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=3467"}],"version-history":[{"count":15,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/3467\/revisions"}],"predecessor-version":[{"id":3485,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/3467\/revisions\/3485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/3486"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=3467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=3467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=3467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}