Last Week in Mutual Funds: 12th January

All that you need to know about Mutual Funds this week

SIP inflows were at an all time high of Rs 8,022 Crores in Dec ’18, up 29% from Rs 6,222 crore in Dec ’17. Inflows into equity mutual fund schemes, however, hit a 23 month low at Rs 6,606 crore in Dec ’18. The net inflow to equity mutual fund schemes in Dec ’18 was down 21.5% from previous month and 58.9% from last year.

 

For the second week in a row, 2 of the 5 most invested schemes were from ELSS category. These funds help you save tax under Section 80C. You can read all our past ELSS blogs here.

Securities and Exchange Board of India (SEBI) has introduced a cohesive cyber-security framework with strict guidelines for the AMCs. This framework is aimed towards preventing Data Breach.

For the first time in two decades, last year India attracted more FDI than China. In 2018, India saw more than $38 billion of inbound deals compared with China’s $32 billion, according to data from Dealogic.

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 35,695.10 36,009.84 0.88%
Nifty 10,727.35 10,794.95 0.63%
S&P BSE SmallCap 14,592.41 14,600.37 0.05%
S&P BSE MidCap 15,147.60 15,177.03 0.19%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
FRANKLIN INDIA FF US OPP 8.5% 13.1% Fund of Funds
ABSL GLOBAL COMMODITIES  8.1% 9.8% Fund of Funds
MOSL NASDAQ 100 FOF 8.0% NA Fund of Funds
FRANKLIN INDIA FF EURO 8.0% 5.8% Fund of Funds
PRINCIPAL GLOBAL OPP 7.9% 11.7% Fund of Funds

Source – Kuvera.in

 

Top 5 worst performing funds:
Name Week 3Y Category
AXIS FOCUSED 25 -1.4% 16.9% Focused Fund
AXIS MID CAP -1.4% 13.3% Mid Cap
KOTAK WORLD GOLD -1.3% 7.3% Fund of Funds
IDBI BANKING & FINSERV -1.2% NA Sectoral
INVESCO INDIA PSU EQUITY -1.2% 7.8% Sectoral

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
SBI MAGNUM TAX GAIN 1.5% 9.8% ELSS
UTI LONG TERM EQUITY 1.5% 11.0% ELSS
BNP PARIBAS LONG TERM EQUITY 1.3% 9.0% ELSS
ICICI PRU LONG TERM EQUITY 1.3% 12.0% ELSS
TATA INDIA TAX SAVING 1.2% 13.2% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
AXIS LONG TERM EQUITY -1.9% 12.8% ELSS
IDBI EQUITY ADVANTAGE -0.8% 10.9% ELSS
MOSL LONG TERM EQUITY -0.1% 15.6% ELSS
ABSL TAX RELIEF 96 0.0% 14.0% ELSS
BOI AXA TAX ADVANTAGE 0.0% 11.7% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET EMERGING BLUECHIP -6.2% 17.2% Large & Mid Cap
PARAG PARIKH LONG TERM EQUITY -0.9% 11.9% Multi Cap
AXIS LONG TERM EQUITY -0.2% 12.8% ELSS
ABSL TAX RELIEF 96 -4.6% 14.0% ELSS
MIRAE ASSET INDIA EQUITY -0.8% 16.3% Multi Cap

Source – Kuvera.in

 

What investors sold:

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

Name 1Y 3Y Category
HDFC SMALL CAP -9.5% 18.1% Small Cap
SBI BLUE CHIP -4.2% 11.6% Large Cap
FRANKLIN INDIA SMALLER COMPANIES -17.6% 11.4% Small Cap
DSP NATURAL RESOURCES & NEW ENERGY -19.6% 19.4% Sectoral
ICICI PRU MULTICAP 0.0% 14.3% Multi Cap

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Ashok Chawla has resigned from the post of chairman of the National Stock Exchange Of India.

2/ HDFC Mutual Fund has announced that Amar Kalkundrikar will be the dedicated Fund Manager in schemes making investments in Foreign Securities.

 

Quote of the week:

2018 was one of the most challenging years whether you look at debt, equity, for all asset classes it was very difficult. Investors walked into 2018 very positive, getting huge returns over the last few years. But effectively negative returns in largecap funds (in 2018). Huge negative returns in smallcaps (in 2018).

The key learning in this is if you were to extend this beyond one year, you look at over the 5-10 year period, again the same funds are giving in an average CAGR return of 15 percent, smallcap are giving you returns of about 18-20 percent.

Investors have to understand that equities are going to have volatility.

 – Sandeep Sikka, CEO, Reliance Asset Management

 

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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