{"id":3952,"date":"2019-12-03T05:37:26","date_gmt":"2019-12-03T05:37:26","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3952"},"modified":"2021-12-15T10:54:31","modified_gmt":"2021-12-15T10:54:31","slug":"2020-predictions-does-the-rally-have-legs","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/2020-predictions-does-the-rally-have-legs\/","title":{"rendered":"2020 Predictions \u2013 does the rally have legs?"},"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-69ecfe4d1e168\" 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-69ecfe4d1e168\"><\/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\/2020-predictions-does-the-rally-have-legs\/#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\/2020-predictions-does-the-rally-have-legs\/#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\/2020-predictions-does-the-rally-have-legs\/#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\/2020-predictions-does-the-rally-have-legs\/#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\/2020-predictions-does-the-rally-have-legs\/#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\/2020-predictions-does-the-rally-have-legs\/#Most_Watchlisted_Fund\" title=\"Most Watchlisted Fund\">Most Watchlisted Fund<\/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\/2020-predictions-does-the-rally-have-legs\/#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-8\" href=\"https:\/\/kuvera.in\/blog\/2020-predictions-does-the-rally-have-legs\/#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-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/2020-predictions-does-the-rally-have-legs\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/nav><\/div>\n<p>Even though flows globally in 2019 have predominantly been into debt.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3955\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/FundFlows.png\" alt=\"\" width=\"588\" height=\"349\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/FundFlows.png 588w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/FundFlows-300x178.png 300w\" sizes=\"(max-width: 588px) 100vw, 588px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Global equity returns have been very robust.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3956\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/GlobalYTD.png\" alt=\"\" width=\"636\" height=\"401\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/GlobalYTD.png 636w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/GlobalYTD-300x189.png 300w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>This creates the risk in 2020 is that flows will follow equity outperformance leading to a continuation of the equity rally. We have begun compiling all predictions for 2020 (global and Indian) in one place. You can see them<a href=\"https:\/\/twitter.com\/Kuvera_In\/status\/1194432301737791488\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0here.<\/a><\/p>\n<p>So far we have:<\/p>\n<p><strong>UBS Wealth:<\/strong> <em>A majority of rich investors expect a significant drop in markets before the end of next year, and 25% of their average assets are currently in cash, according to a survey of more than 3,400 global respondents.<\/em><\/p>\n<p><strong>Deutsche Bank 20 risks for 2020<\/strong>: <em>Continued increase in wealth inequality, income inequality and healthcare inequality.<\/em><\/p>\n<p><strong>Robeco<\/strong>: <em>With a recession to be avoided and earnings growth to return, we believe global equities have further to go. We see stock markets reaching new highs going forward.<\/em><\/p>\n<p><strong>Barclays<\/strong>: <em>We are cautiously optimistic for a detente in the US-China Trade War, and monetary policy also remains accommodative around the globe.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><b>The Securities and Exchange Board of India banned Karvy Stock Broking Ltd <\/b><span style=\"font-weight: 400;\">from taking on new clients and executing trades for existing customers over client defaults worth Rs 2,000 crore with immediate effect. <\/span><b>This ban is not expected to have an impact on the operations of Karvy Fintech<\/b><span style=\"font-weight: 400;\">, the Registrar &amp; Transfer Agent (RTA) to 23 Mutual fund houses.\u00a0 Karvy RTA operates as a separate entity, majorly owned by General Atlantic Singapore Fund Pte. Ltd., an investment vehicle of General Atlantic, a renowned growth equity firm headquartered in the US.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/kuvera.in\/explore\/amc\/absl\">Aditya Birla Sun Life Mutual Fund<\/a> has<a href=\"https:\/\/mutualfund.adityabirlacapital.com\/-\/media\/bsl\/files\/resources\/market-update\/nov-25-2019pre-trustee-approvalpress-release-for-segregation.pdf\"> proposed to create segregated portfolios<\/a><\/strong><span style=\"font-weight: 400;\"> in following Scheme(s), effective November 25, 2019:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-medium-term-growth--BS303GZ-GR\"><span style=\"font-weight: 400;\">Aditya Birla Sun Life Medium Term Plan<\/span><\/a><\/li>\n<li><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-credit-risk-growth--BS380Y-GR\"><span style=\"font-weight: 400;\">Aditya Birla Sun Life Credit Risk Fund<\/span><\/a><\/li>\n<li><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-mutual-dynamic-bond-growth--BS321GZ-GR\"><span style=\"font-weight: 400;\">Aditya Birla Sun Life Dynamic Bond Fund<\/span><\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Essel Group has cleared the full NCD (Non-Convertible Debenture) dues <\/b><span style=\"font-weight: 400;\">of <a href=\"https:\/\/kuvera.in\/explore\/amc\/icici\">ICICI Prudential AMC<\/a> and made partial repayment to <a href=\"https:\/\/kuvera.in\/explore\/amc\/hdfc\">HDFC AMC<\/a>. HDFC Asset Management Company has received Rs 167 crore and ICICI Prudential AMC has got Rs 270 crore as repayment and interest from the Essel Group. Further to the repayment, ICICI Prudential Mutual Fund does not have any exposure to Essel Group.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/kuvera.in\/explore\/amc\/mirae\">Mirae Asset Mutual <\/a>Fund is\u00a0set to undergo corporate restructuring<\/strong> to demerge three of its core activities &#8211; real estate, venture capital, and mutual fund business. T<\/span><span style=\"font-weight: 400;\">he internal restructuring of the AMC will cause no change in ultimate ownership and control of the AMC of Mirae Asset Mutual Fund nor on the management of its funds.\u00a0 <\/span>The fund house believes that this restructuring would help them diversify business activities in India and explore other opportunities in the financial services space.<\/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>1.2%<\/td>\n<td>11.0%<\/td>\n<td>14.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY NEXT 50<\/td>\n<td>1.7%<\/td>\n<td>4.2%<\/td>\n<td>9.2%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SENSEX<\/td>\n<td>1.1%<\/td>\n<td>12.7%<\/td>\n<td>15.6%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SmallCap<\/td>\n<td>1.5%<\/td>\n<td>-5.5%<\/td>\n<td>3.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE MidCap<\/td>\n<td>2.3%<\/td>\n<td>0.9%<\/td>\n<td>6.8%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NASDAQ 100<\/td>\n<td>1.6%<\/td>\n<td>21.9%<\/td>\n<td>19.9%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P 500<\/td>\n<td>1.0%<\/td>\n<td>14.7%<\/td>\n<td>12.5%<\/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>3.6%<\/td>\n<td>6.4%<\/td>\n<td>7.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-banking-financial-services-growth--8044-GR\">ICICI Prudential Banking &amp; Financial &#8230;<\/a><\/td>\n<td>3.2%<\/td>\n<td>20.1%<\/td>\n<td>18.8%<\/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 Services<\/a><\/td>\n<td>2.9%<\/td>\n<td>15.1%<\/td>\n<td>14.6%<\/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 &amp; Finan&#8230;<\/a><\/td>\n<td>2.9%<\/td>\n<td>18.1%<\/td>\n<td>18.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/nippon-india-banking-growth--BFAG-GR\">Nippon India Banking<\/a><\/td>\n<td>2.7%<\/td>\n<td>15.6%<\/td>\n<td>17.1%<\/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\/aditya-birla-sun-life-medium-term-growth--BS303GZ-GR\">Aditya Birla Sun Life Medium Term<\/a><\/td>\n<td>-6.3%<\/td>\n<td>-3.1%<\/td>\n<td>3.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-mutual-dynamic-bond-growth--BS321GZ-GR\">Aditya Birla Sun Life Mutual Dynamic &#8230;<\/a><\/td>\n<td>-4.3%<\/td>\n<td>1.4%<\/td>\n<td>1.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-credit-risk-growth--BS380Y-GR\">Aditya Birla Sun Life Credit Risk<\/a><\/td>\n<td>-2.9%<\/td>\n<td>3.7%<\/td>\n<td>6.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/baroda-treasury-advantage-b-growth--BO128-GR\">Baroda Treasury Advantage B<\/a><\/td>\n<td>-2.4%<\/td>\n<td>-18.5%<\/td>\n<td>-2.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/invesco-india-gold-growth--RGRGD1-GR\">Invesco India Gold<\/a><\/td>\n<td>-1.6%<\/td>\n<td>23.1%<\/td>\n<td>7.6%<\/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_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\/mirae-asset-large-cap-growth--MAFIOD1-GR\">Mirae Asset Large Cap<\/a><\/td>\n<td>1.4%<\/td>\n<td>13.6%<\/td>\n<td>16.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/parag-parikh-long-term-equity-growth--PP001ZG-GR\">Parag Parikh Long Term Equity<\/a><\/td>\n<td>1.0%<\/td>\n<td>14.8%<\/td>\n<td>14.6%<\/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>1.1%<\/td>\n<td>19.7%<\/td>\n<td>20.8%<\/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>1.3%<\/td>\n<td>14.3%<\/td>\n<td>15.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-equity-debt-growth--8017-GR\">ICICI Prudential Equity &amp; Debt<\/a><\/td>\n<td>1.2%<\/td>\n<td>10.3%<\/td>\n<td>11.0%<\/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\/motilal-oswal-multicap-35-growth--CPGD-GR\">Motilal Oswal Multicap 35<\/a><\/td>\n<td>0.2%<\/td>\n<td>8.5%<\/td>\n<td>12.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-smaller-companies-growth--478-GR\">Franklin India Smaller Companies<\/a><\/td>\n<td>1.4%<\/td>\n<td>-2.1%<\/td>\n<td>4.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-value-discovery-growth--8176-GR\">ICICI Prudential Value Discovery<\/a><\/td>\n<td>0.7%<\/td>\n<td>2.5%<\/td>\n<td>6.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/tata-ethical-growth--TASSFZ-GR\">Tata Ethical<\/a><\/td>\n<td>0.8%<\/td>\n<td>6.4%<\/td>\n<td>9.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/sbi-magnum-midcap-growth--SBD091G-GR\">SBI Magnum Midcap<\/a><\/td>\n<td>2.1%<\/td>\n<td>4.0%<\/td>\n<td>3.3%<\/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<h4><span class=\"ez-toc-section\" id=\"Most_Watchlisted_Fund\"><\/span><strong>Most Watchlisted Fund<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Top 5 funds added to watchlist by Kuverians<\/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\/axis-bluechip-growth--AXEFDG-GR\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/kuvera.in\/explore\/axis-bluechip-growth--AXEFDG-GR&amp;source=gmail&amp;ust=1575173228494000&amp;usg=AFQjCNEy5bt230Q_-jOcz8yJJ6-y8zy1yw\">Axis Bluechip Growth Direct Plan<\/a><\/td>\n<td>1.1%<\/td>\n<td>19.7%<\/td>\n<td>20.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR&amp;source=gmail&amp;ust=1575173228495000&amp;usg=AFQjCNETpmatYOyKkBHU7ol4via7jhiycA\">Mirae Asset Emerging Bluechip Growth&#8230;<\/a><\/td>\n<td>1.6%<\/td>\n<td>16.6%<\/td>\n<td>17.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/axis-focused-25-growth--AFDG-GR\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/kuvera.in\/explore\/axis-focused-25-growth--AFDG-GR&amp;source=gmail&amp;ust=1575173228495000&amp;usg=AFQjCNFBMrFxuaIWGmIHiVLZZNo6drDcbg\">Axis Focused 25 Growth Direct Plan<\/a><\/td>\n<td>1.2%<\/td>\n<td>17.5%<\/td>\n<td>19.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/sbi-banking-financial-services-growth--SBD464G-GR\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/kuvera.in\/explore\/sbi-banking-financial-services-growth--SBD464G-GR&amp;source=gmail&amp;ust=1575173228495000&amp;usg=AFQjCNFioR1xqPUt35z5FhWznn9VxIjBEQ\">SBI Banking &amp; Financial Services&#8230;<\/a><\/td>\n<td>1.8%<\/td>\n<td>25.4%<\/td>\n<td>22.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/axis-long-term-equity-growth--TSDG-GR\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/kuvera.in\/explore\/axis-long-term-equity-growth--TSDG-GR&amp;source=gmail&amp;ust=1575173228495000&amp;usg=AFQjCNFTAj-OUdfR7oTljHTg5U2uW0FaUg\">Axis Long Term Equity Growth Direct Plan<\/a><\/td>\n<td>1.3%<\/td>\n<td>16.2%<\/td>\n<td>17.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/p>\n<h4><\/h4>\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><b>1\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/essel\"><b>Essel Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has announced that Madangopal Jalan has been appointed as an Executive Director on the board of Essel Finance AMC Limited<\/span><\/p>\n<p><b>2\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/icici\"><b>ICICI Prudential AMC<\/b><\/a><span style=\"font-weight: 400;\"> will be <\/span><a href=\"https:\/\/www.icicipruamc.com\/Download\/News\/ICICI_015_Addendum_Change%20in%20name%20of%20FOFs_25%20November%202019.pdf\"><span style=\"font-weight: 400;\">appending the scheme names of select Fund of Funds<\/span><\/a><span style=\"font-weight: 400;\"> with \u201c(FOF)\u201d with effect from 29th November, 2019. There will be no change in the fundamental attributes of the schemes.<\/span><\/p>\n<p><strong><b>3\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/axis\"><b>Axis Asset Management Ltd<\/b><span style=\"font-weight: 400;\">.<\/span><\/a><span style=\"font-weight: 400;\"> has appointed Raghav Iyengar as Chief Business Officer of the company. Iyengar was earlier the CEO of Indiabulls Mutual Fund.<\/span><\/strong><\/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><strong>The Rum Tum Tugger is a Curious Cat:<\/strong><br \/>\n<strong>If you offer him pheasant he would rather have grouse.<\/strong><br \/>\n<strong>If you put him in a house he would much prefer a flat,<\/strong><br \/>\n<strong>If you put him in a flat then he&#8217;d rather have a house.<\/strong><br \/>\n<strong>If you set him on a mouse then he only wants a rat,<\/strong><br \/>\n<strong>If you set him on a rat then he&#8217;d rather chase a mouse.<\/strong><\/p>\n<p><strong><span class=\"authorOrTitle\">: T.S. Eliot<\/span><\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more: <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Watch\/hear on YoutTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"KUVERA in Media\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLDSzQdT9nLmDSP3gSlDkPcUl-cfeI-KeB\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\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> and\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>Even though flows globally in 2019 have predominantly been into debt. &nbsp; &nbsp; Global equity returns have been very robust. &nbsp; This creates the risk in 2020 is that flows will follow equity outperformance leading to a continuation of the equity rally. We have begun compiling all predictions for 2020 (global and Indian) in one [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/2020-predictions-does-the-rally-have-legs\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":3969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,167,259,83,36,225,11,66,280,281,154,212,249,274,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2020 Predictions \u2013 does the rally have legs? - Kuvera<\/title>\n<meta name=\"description\" content=\"2020 predictions, Karvy Fintech and all you need to know about Mutual Funds last week. 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