Should you invest in China Focused funds & Other MF News

All that you need to know about Mutual Funds this week

The Chinese stock market has outperformed significantly this year. Year to date the Shanghai Stock Exchange is up 29.34% compared to 7.88% for Nifty 50.

Source: Google Finance

 

However, the long term track record of SSE Composite Index is suspect. We would advise caution before investing in China-specific Mutual Funds based only on the recent out performance.

Source: Google Finance

 

SIP inflow has risen 38% to Rs 92,693 crore in the past year. In comparison, mutual funds collected Rs 67,190 crore in FY18 via SIP mode. The mutual fund industry has added 9.13 lakh SIP accounts on average each month with average SIP size at around Rs 3,070 per account.

The Assets under Management of the mutual fund industry stood at Rs 23.80 lakh crore at the end of FY19, an 11.41% increase from Rs 21.36 lakh crore in the previous year.

SEBI has come up with a revised framework for the system audit that is to be conducted by AMCs. The regulator has also directed them to constitute a Technology Committee tasked with reviewing the cyber security and cyber resilience framework periodically.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 38,862.23 38,767.11 -0.24%
Nifty 11,665.95 11,643.45 -0.19%
S&P BSE SmallCap 15,045.87 15,022.18 -0.16%
S&P BSE MidCap 15,509.36 15,426.45 -0.53%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
DSP WORLD GOLD  2.3% 1.1% Fund of Funds
DSP WORLD ENERGY 2.0% 6.3% Fund of Funds
ICICI PRU FMCG 1.5% 16.5% Sectoral
SUNDARAM GLOBAL ADV 1.5% 11.1% Fund of Funds
AXIS GOLD 1.3% 2.0% Fund of Funds

Source – Kuvera.in

 

Top 5 worst performing funds:
Name Week 3Y Category
ABSL BANKING & FINSERV  -1.4% 22.6% Sectoral
SUNDARAM SMALL CAP -1.4% 9.1% Small Cap
INVESCO INDIA GOLD -1.3% 2.4% Sectoral
SBI MAGNUM MIDCAP -1.3% 9.0% Mid Cap
ABSL MIDCAP -1.2% 12.4% Mid Cap

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
RELIANCE TAX SAVER 0.9% 10.7% ELSS
QUANTUM TAX SAVING 0.6% 13.8% ELSS
SBI MAGNUM TAX GAIN  0.6% 11.8% ELSS
ABSL TAX RELIEF96 0.4% 16.1% ELSS
MIRAE ASSET TAX SAVER 0.3% 23.6% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
MIRAE EMERGING BLUECHIP 7.9% 22.1% Large & Mid Cap
MIRAE ASSET INDIA EQUITY 11.1% 19.1% Large Cap
PARAG PARIKH LTE 9.4% 15.1% Multi Cap
KOTAK STANDARD MULTICAP 8.0% 18.1% Multi Cap
HDFC SMALL CAP -2.9% 21.6% Small Cap

Source – Kuvera.in

 

What investors sold:

We saw the most outflows in these 5 Funds –

Name 1Y 3Y Category
HDFC HYBRID EQUITY 1.4% 13.1% Hybrid
CANARA ROBECO EMERGING EQUITIES  0.6% 19.3% Large & Mid Cap
AXIS LONG TERM EQUITY  5.2% 16.0% ELSS
SBI BLUE CHIP 2.5% 13.1% Large Cap
MOTILAL OSWAL MULTI 35 -4.0% 16.8% Multi Cap

Source – Kuvera.in

 

Movers & Shakers

1/ Mirae Asset Mutual Fund has sought SEBI approval for launching Mirae Asset Midcap Fund. This open-ended scheme is expected to be managed by Ankit Jain.

Quote of the week:

Each life is made up of mistakes and learning, waiting and growing, practicing patience and being persistent.

: Billy Graham

 

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.

#MutualFundSahiHai, #KuveraSabseSahiHai!

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *