{"id":3764,"date":"2019-10-05T06:36:41","date_gmt":"2019-10-05T06:36:41","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3764"},"modified":"2021-12-15T07:21:24","modified_gmt":"2021-12-15T07:21:24","slug":"rate-cut-stimulus-gold","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/rate-cut-stimulus-gold\/","title":{"rendered":"Rate Cut, Stimulus &#038; Gold!"},"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-69ed13357873a\" 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-69ed13357873a\"><\/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\/rate-cut-stimulus-gold\/#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\/rate-cut-stimulus-gold\/#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\/rate-cut-stimulus-gold\/#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\/rate-cut-stimulus-gold\/#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\/rate-cut-stimulus-gold\/#What_Investors_Sold\" title=\"What Investors Sold\">What Investors Sold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/rate-cut-stimulus-gold\/#Movers_Shakers\" title=\"Movers &amp; Shakers\">Movers &amp; Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/rate-cut-stimulus-gold\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong><img loading=\"lazy\" class=\"aligncenter wp-image-3713 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/AfterOct1_flat.png\" alt=\"\" width=\"2063\" height=\"1080\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/AfterOct1_flat.png 2063w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/AfterOct1_flat-300x157.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/AfterOct1_flat-768x402.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/AfterOct1_flat-1024x536.png 1024w\" sizes=\"(max-width: 2063px) 100vw, 2063px\" \/><\/strong><\/p>\n<p>Four of the five top-performing\u00a0funds last week are gold funds.\u00a0Gold\u00a0provides diversification benefits and has a low 0.3% correlation with the Nifty 50 over the past 29 years. Gold also outperforms exactly when equity markets are not doing well during crises, trade wars, crash fears, and natural hazards. However, Mutual Funds and ETFs do not track the price of physical gold closely.<\/p>\n<p>The NAV for Gold ETF or Mutual Funds is computed after deducting the fee of the asset management company plus storage and custodian charges, which can all add up. Over time this can create a significant mismatch in gold returns and that of the gold ETF or Mutual Fund.<\/p>\n<p>In the chart below, we look at 5-year returns from one Gold ETF (ICICI) and one Gold MF (Reliance).<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3568\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/GoldETFMF.png\" alt=\"\" width=\"779\" height=\"505\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/GoldETFMF.png 779w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/GoldETFMF-300x194.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/GoldETFMF-768x498.png 768w\" sizes=\"(max-width: 779px) 100vw, 779px\" \/><\/p>\n<p>The ETF gained 34.83% while the MF gained 33.01%. Between the same time (19 Sep 2014 to 6 Sep 2019), the price of 22K gold went up by 51.3%\u00a0(from Rs 2,525 \/ gm to Rs 3,820 \/ gm).<\/p>\n<p><strong>That\u2019s a big performance drag for using ETF and MF for investing in gold. Buying digital gold is a much better option as it tracks the price of physical gold closely.\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>The RBI has cut the repo rate by 25 basis points to 5.15%<\/strong> in its fifth consecutive rate cut. The RBI also decided to continue with an accommodative stance as long as it is necessary to revive growth while ensuring that inflation remains within the target. The Central bank also cut the FY 19-20 GDP growth rate forecast from 6.9% to 6.1%. An RBI rate cut is executed in order to stimulate economic growth, as lower financing costs can encourage borrowing and investing. A rate cut is thus a monetary policy stimulus used by the central bank. At 5.15% RBI still has ample room for more rate cut if and when required.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>With over-subscription of 111.85 times, the Indian Railway Catering and Tourism Corp. Ltd (IRCTC) became the most subscribed PSU IPO to date.<\/strong> <\/span><span style=\"font-weight: 400;\">The company received bids worth Rs 72,200 crore for a stake worth Rs 645 crore that was on offer.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong>SEBI has introduced fresh norms for investment by debt-oriented mutual funds.<\/strong> In its <a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/oct-2019\/review-of-investment-norms-for-mutual-funds-for-investment-in-debt-and-money-market-instruments_44556.html\" target=\"_blank\" rel=\"noopener noreferrer\">circular<\/a>, the market regulator disallowed mutual funds from investing in unlisted securities, with the exception of government securities, or securities which are not normally assigned credit ratings (like interest rate futures or swaps). SEBI further allows debt funds to invest in unlisted Non-Convertible Debentures (NCDs), provided they have a simple structure.<\/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 style=\"height: 219px;\" border=\"0\" width=\"380\" 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>-2.9%<\/td>\n<td>5.4%<\/td>\n<td>8.4%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY NEXT 50<\/td>\n<td>-4.1%<\/td>\n<td>0.5%<\/td>\n<td>4.1%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SENSEX<\/td>\n<td>-3.0%<\/td>\n<td>7.1%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SmallCap<\/td>\n<td>-3.9%<\/td>\n<td>-9.3%<\/td>\n<td>-1.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE MidCap<\/td>\n<td>-3.9%<\/td>\n<td>-4.7%<\/td>\n<td>0.4%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NASDAQ 100<\/td>\n<td>0.9%<\/td>\n<td>3.5%<\/td>\n<td>16.9%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P 500<\/td>\n<td>-0.3%<\/td>\n<td>1.7%<\/td>\n<td>11.1%<\/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 style=\"height: 155px;\" border=\"0\" width=\"432\" 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\/reliance-gold-saving-growth--GDAG-GR\">Reliance Gold Saving<\/a><\/td>\n<td>1.9%<\/td>\n<td>21.0%<\/td>\n<td>5.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/hdfc-gold-growth--GFOFT-GR\">HDFC Gold<\/a><\/td>\n<td>1.8%<\/td>\n<td>21.5%<\/td>\n<td>5.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/quantum-gold-saving-growth--QMFQSGP-GR\">Quantum Gold Saving<\/a><\/td>\n<td>1.8%<\/td>\n<td>21.6%<\/td>\n<td>6.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/kotak-gold-growth--KO46D-GR\">Kotak Gold<\/a><\/td>\n<td>1.6%<\/td>\n<td>23.6%<\/td>\n<td>6.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-nivesh-lakshya-growth--RLNLAG-GR\">Reliance Nivesh Lakshya<\/a><\/td>\n<td>1.5%<\/td>\n<td>23.2%<\/td>\n<td>NA<\/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 style=\"height: 150px;\" border=\"0\" width=\"457\" 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-banking-financial-services-growth--UTBKD2-GR\">UTI Banking &amp; Financial&#8230;<\/a><\/td>\n<td>-6.7%<\/td>\n<td>5.4%<\/td>\n<td>5.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-banking-growth--BFAG-GR\">Reliance Banking<\/a><\/td>\n<td>-6.6%<\/td>\n<td>5.9%<\/td>\n<td>8.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/idbi-banking-financial-services-growth--IBFSG1G-GR\">IDBI Banking &amp; Financial&#8230;<\/a><\/td>\n<td>-5.7%<\/td>\n<td>8.9%<\/td>\n<td>NA<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/baroda-banking-financial-services-b-growth--BO101-GR\">Baroda Banking &amp; Financial&#8230;<\/a><\/td>\n<td>-5.6%<\/td>\n<td>17.7%<\/td>\n<td>9.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-banking-financial-services-growth--BS1180Y-GR\">Aditya Birla Sun Life Banking.<\/a><\/td>\n<td>-5.6%<\/td>\n<td>11.4%<\/td>\n<td>8.3%<\/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 style=\"height: 154px;\" border=\"0\" width=\"480\" 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\/mirae-asset-large-cap-growth--MAFIOD1-GR\">Mirae Asset Large Cap<\/a><\/td>\n<td>-3.5%<\/td>\n<td>8.3%<\/td>\n<td>10.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\">Mirae Asset Emerging Bluechip<\/a><\/td>\n<td>-4.1%<\/td>\n<td>12.1%<\/td>\n<td>11.0%<\/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>-2.7%<\/td>\n<td>20.3%<\/td>\n<td>14.9%<\/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>-3.4%<\/td>\n<td>10.0%<\/td>\n<td>9.7%<\/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>-2.9%<\/td>\n<td>6.6%<\/td>\n<td>9.6%<\/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=\"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 style=\"height: 157px;\" border=\"0\" width=\"471\" 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\/edelweiss-arbitrage-growth--EDATDG-GR\">Edelweiss Arbitrage<\/a><\/td>\n<td>0.3%<\/td>\n<td>7.2%<\/td>\n<td>6.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-banking-financial-services-growth--BS1180Y-GR\">Aditya Birla Sun Life Banking&#8230;<\/a><\/td>\n<td>-5.6%<\/td>\n<td>11.4%<\/td>\n<td>8.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-equity-hybrid-growth--SHAG-GR\">Reliance Equity Hybrid<\/a><\/td>\n<td>-3.3%<\/td>\n<td>-2.0%<\/td>\n<td>5.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-balanced-advantage-growth--NEAG-GR\">Reliance Balanced Advantage<\/a><\/td>\n<td>-1.9%<\/td>\n<td>7.2%<\/td>\n<td>8.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-gold-saving-growth--GDAG-GR\">Reliance Gold Saving<\/a><\/td>\n<td>1.9%<\/td>\n<td>21.0%<\/td>\n<td>5.8%<\/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<h4><span class=\"ez-toc-section\" id=\"Movers_Shakers\"><\/span><b>Movers &amp; Shakers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\"><strong>1\/ <a href=\"https:\/\/kuvera.in\/explore\/amc\/bnp\" target=\"_blank\" rel=\"noopener noreferrer\">BNP Paribas Mutual Fund<\/a> <\/strong>has appointed Karvy Fintech Private Limited as Registrar &amp; Transfer Agent of its schemes with effect from 14 October 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>2\/ <a href=\"https:\/\/kuvera.in\/explore\/amc\/reliance\" target=\"_blank\" rel=\"noopener noreferrer\">Reliance Nippon Life Asset Management Limited<\/a> <\/strong>and Reliance Capital Trustee Co. Limited have changed the name of the Mutual Fund (i.e. <a href=\"https:\/\/kuvera.in\/explore\/amc\/reliance\" target=\"_blank\" rel=\"noopener noreferrer\">Reliance Mutual Fund<\/a>) to Nippon India Mutual Fund. The names of all the existing schemes will also be changed accordingly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>3\/ <a href=\"https:\/\/kuvera.in\/explore\/amc\/absl\" target=\"_blank\" rel=\"noopener noreferrer\">Aditya Birla Sun Life Mutual Fund<\/a> <\/strong>has appointed Vineet Maloo, Mohit Sharma and Lovelish Solanki as fund manager of <a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-balanced-advantage-growth--BSD105-GR\" target=\"_blank\" rel=\"noopener noreferrer\">Aditya Birla Sun Life Balanced Advantage Fund<\/a> with effect from 09 October 2019.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<blockquote><p>&nbsp;<\/p>\n<p><em><strong>Sometimes, we use the term &#8216;growth&#8217; as a number and sometimes as an abstraction, but the underlying implication is always that, if the country grows at a certain rate, at the end there will be a pot of gold for everyone. <\/strong><\/em><\/p>\n<p><em><strong>: Jamshyd Godrej<\/strong><\/em><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\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>Four of the five top-performing\u00a0funds last week are gold funds.\u00a0Gold\u00a0provides diversification benefits and has a low 0.3% correlation with the Nifty 50 over the past 29 years. Gold also outperforms exactly when equity markets are not doing well during crises, trade wars, crash fears, and natural hazards. However, Mutual Funds and ETFs do not track [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/rate-cut-stimulus-gold\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":3775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,279,167,259,83,36,225,11,66,280,281,154,212,249,274,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rate Cut, Stimulus &amp; Gold! - Kuvera Rate Cut Stimulus<\/title>\n<meta name=\"description\" content=\"An RBI rate cut is executed in order to stimulate economic growth, as lower financing costs can encourage borrowing and investing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/rate-cut-stimulus-gold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rate Cut, Stimulus &amp; Gold! 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