Last Week in Mutual Funds: 17th November

All that you need to know about Mutual Funds this week

Banking and financial services funds lead the pack this week, with 4 out of 5 top performing funds belonging to this sector. In an otherwise positive week, SmallCap Index was down by -1.27%. With the Rupee strengthening against the dollar, international fund of funds gave back some of their out performance from last month. All 5 worst performing funds were from the international fund of funds category.

In further good news for the consumer and the markets, inflation, as measured by the Consumer Price Index, stood at 3.31% in October compared to 3.70% in September.

Tension between Central Government and Reserve Bank of India (RBI) seem to be rising as Government has proposed setting up of panels for closer supervision on functioning of RBI. Issues including transfer of surplus funds, easing of bad loan norms, and ensuring liquidity to the shadow-banking sector are likely to be discussed in a meeting on Monday.

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 35,158.55 35,457.16 0.85%
Nifty 10,585.20 10,682.20 0.92%
S&P BSE SmallCap 14,671.85 14,485.88 -1.27%
S&P BSE MidCap 14,944.20 14,997.81 0.36%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
SBI BANKING & FIN SERVICES 2.5% 21.3% Sectoral
CANARA ROBECO CONSUMER TRENDS 2.4% 15.0% Sectoral
SUNDARAM FINANCIAL SERVICES OPP 2.2% 12.3% Sectoral
BARODA PIONEER BANKING & FIN 1.8% 10.0% Sectoral
INVESCO INDIA FIN SERVICES 1.8% 18.3% Sectoral

Source – Kuvera.in

 

5 Worst performing funds:
Name Week 3Y Category
HSBC BRAZIL -7.4% 20.6% Fund of Funds
ABSL GLOBAL COMMODITIES  -5.5% 6.9% Fund of Funds
PRINCIPAL GLOBAL OPPORTUNITIES -5.1% 10.9% Fund of Funds
DSP WORLD MINING -5.0% 19.0% Fund of Funds
FRANKLIN FEEDER EUROPE -5.0% 5.3% Fund of Funds

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET EMERGING BLUECHIP 0.1% 18.2% Large & Mid Cap
L&T EMERGING BUSINESSES -7.4% 19.2% Small Cap
ICICI PRUDENTIAL BLUECHIP 3.2% 13.4% Large Cap
PARAG PARIKH LONG TERM EQUITY 1.9% 11.3% Multi Cap
L&T MIDCAP FUND -6.7% 15.9% Mid 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
ICICI PRUDENTIAL BANKING AND FIN -1.8% 19.9% Sectoral
SBI BLUE CHIP -0.4% 10.9% Large Cap
ABSL FRONTLINE EQUITY 0.4% 11.8% Large Cap
SBI MAGNUM MIDCAP -10.6% 7.2% Mid Cap
HDFC TOP 100 FUND 2.7% 13.2% Large Cap

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Tata Mutual Fund has appointed Sailesh Jain as the fund manager for 4 schemes – Tata Digital India Fund, Tata Equity Savings Fund, Tata India Pharma and Healthcare Fund and Tata Resources and Energy Fund, with immediate effect.

2/ DSP Mutual Fund has launched the DSP Healthcare Fund NFO on 12/Nov. This open ended scheme will primarily invest in equity and equity related securities of companies in the healthcare and pharma sectors.

3/ Union Mutual Fund has launched the Union Value Discovery Fund NFO on 16/Nov. This open ended equity scheme will follow value investing strategy.

 

Quote of the week:

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

Warren Buffet

 

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

Manvendra Singh Rathore 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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