Last Week in Mutual Funds: 16th March

All that you need to know about Mutual Funds this week

The market surged last week with large-cap index and thus large cap Mutual Funds leading the rally. Overall risk appetite improved after foreign investors ramped up buying in the domestic equity market. The Sensex crossed the psychological 38,000 level.

Infrastructure funds continued their out-performance for the second consecutive week, with four of the five top performing funds last week from this sector.

India’s trade deficit fell to a 17-month low in February, as imports fell owing to a sharp drop in oil purchase cost and exports rose by 2.4%.

Our CEO Gaurav Rastogi was at Mutual Fund Corner with Sumaira Abidi of CNBC-TV18, answering MF queries. If you missed it, you can watch it below.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,671.43 38,024.32 3.69%
Nifty 11,035.40 11,426.85 3.55%
S&P BSE SmallCap 14,529.06 14,837.18 2.12%
S&P BSE MidCap 14,804.21 15,171.52 2.48%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
HSBC INFRASTRUCTURE EQUITY 5.0% 6.5% Sectoral
IDFC INFRASTRUCTURE 4.4% 16.4% Sectoral
ICICI PRU SMALLCAP 4.4% 11.1% Small Cap
UTI INFRASTRUCTURE 4.2% 14.5% Sectoral
SBI INFRASTRUCTURE 4.1% 14.0% Sectoral

Source – Kuvera.in

 

Top 5 worst performing funds:

Name Week 3Y Category
FRANKLIN INDIA FEEDER EURO -3.3% 4.7% Fund of Funds
EDELWEISS GREATER CHINA -3.2% 16.4% Fund of Funds
CANARA ROBECO GOLD SAVING -3.0% 2.1% Fund of Funds
DHFL PRAMERICA EURO EQUITY -2.7% 4.7% Fund of Funds
HSBC GLOBAL EMERGING MARKETS -2.6% 12.1% Fund of Funds

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
HSBC TAX SAVER 3.8% 15.1% ELSS
MO LONG TERM EQUITY 2.9% 19.5% ELSS
HDFC TAX SAVER  2.7% 16.1% ELSS
DSP TAX SAVER  2.7% 17.2% ELSS
IDFC TAX ADVANTAGE 2.7% 18.0% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
QUANTUM TAX SAVING 1.4% 14.2% ELSS
TAURUS TAXSHIELD 1.6% 18.3% ELSS
RELIANCE TAX SAVER 1.7% 11.3% ELSS
ABSL TAX RELIEF96 1.8% 16.2% ELSS
BOI AXA TAX ADVANTAGE 1.8% 14.3% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
MIRAE EMERGING BLUECHIP 7.5% 22.4% Large &Mid Cap
UTI NIFTY INDEX 10.2% 15.8% Index
MIRAE ASSET INDIA EQUITY  9.5% 19.5% Multi Cap
HDFC SMALL CAP -1.1% 23.5% Small Cap
PARAG PARIKH LONG TERM 7.2% 16.2% Multi Cap

Source – Kuvera.in

 

What investors sold:

We saw the most outflows in these 5 Funds (excluding liquid and short-term schemes) –

Name 1Y 3Y Category
ADITYA BIRLA SUN LIFE EQUITY 2.5% 17.9% Multi Cap
ICICI PRU VALUE DISCOVERY 1.0% 12.1% Value
KOTAK STANDARD MULTICAP 7.4% 18.6% Multi Cap
TATA HYBRID EQUITY 3.6% 10.7% Hybrid
CANARA ROBECO EMERGING EQUITIES  1.2% 20.8% Hybrid

Source – Kuvera.in

 

Quote of the week:
In the business world, the rearview mirror is always clearer than the windshield.

:Warren Buffet

 

This market update was initially published by CNBCTV18 in the Personal Finance section.

Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

Start investing through a platform that brings goal planning and investing to your fingertips. Visit kuvera.in to discover Direct Plans and start investing today.

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