Last Week in Mutual Funds : 18th August

All that you need to know that happened last week in Mutual Funds.

Equity mutual funds inflow in July stood at Rs 10,585 crore according to data released by AMFI (Association of Mutual Funds in India). Total inflow in equity related schemes during this financial year (April-July) stands at Rs 43,300 crore.

Pharma and healthcare was again the flavour of the week, with 4 of the top 5 best performing funds this week from this sector.

Rupee made another all-time low against the US Dollar reaching 70.32/USD on Thursday. “The rupee has been strengthening in real terms for some time now while inflation rate has been modest but above world inflation rates and as a result the rupee needs modest weakening over time. Hence, I am not too concerned about the rupee hitting an all-time low,” explained Raghuram Rajan, former RBI governor.

India’s industrial production growth was recorded at 7% in June (five months high), it recovered from a seven-month low of 3.9% in May. At the same time, the Consumer Price Index (CPI) was recorded at the nine-month low of 4.17%.

What worked best:

BSE Sensex and NIFTY rose by 0.21% and 0.36% respectively over the week. Small Cap Index went up by 0.49% whereas Mid Cap Index was up by 0.59%.

Index Weekly opening Weekly close Change
BSE Sensex 37,869.23 37,947.88 0.21%
Nifty 11,429.50 11,470.75 0.36%
S&P BSE SmallCap 16,784.20 16,866.21 0.49%
S&P BSE MidCap 16,210.78 16,306.44 0.59%

Source- BSE/NSE

Top 5 best performing funds:
Name Week 3Y Category
SBI HEALTHCARE OPPORTUNITIES 5.0% -5.4% Sectoral
RELIANCE PHARMA 4.8% 1.1% Sectoral
MIRAE ASSET HEALTHCARE 4.6% NA Sectoral
UTI HEALTHCARE 4.5% -3.3% Sectoral
ICICI PRUDENTIAL TECHNOLOGY 4.2% 11.7% Sectoral

Source – Kuvera.in

What investors bought:

We saw the most inflows last week in these 5 schemes –

Name 1Y 3Y Category
CANARA ROBECO EMERGING EQUITIES 13.4% 16.6% Large & Mid Cap
ADITYA BSL FRONTLINE EQUITY 8.5% 11.2% Large Cap
L&T EMERGING BUSINESSES 10.7% 21.4% Small Cap
HDFC MID CAP OPPORTUNITIES 10.6% 14.6% Mid Cap
MIRAE ASSET INDIA EQUITY 12.4% 14.1% Multi-Cap

Source – Kuvera.in

What investors sold:

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

Name 1Y 3Y Category
ADITYA BIRLA SUN LIFE EQUITY 7.9% 14.0% Multi-Cap
L&T HYBRID EQUITY 6.9% 10.8% Hybrid
HDFC HYBRID EQUITY 0.8% 5.7% Hybrid
FRANKLIN INDIA PRIMA 8.8% 13.7% Mid Cap
DSP BLACKROCK EQUITY OPPORTUNITIES 8.2% 13.7% Large & Mid Cap

Source – Kuvera.in

Movers and shakers at fund house:

1/ Ownership structure of Principal PNB AMC is slated to change. Post successful completion of the proposed transaction PFSI (Principal Financial Services Inc) will hold 100% of the paid-up equity share capital of PPAMC, through its wholly-owned subsidiaries.

The existing Unit-holders who do not wish to consent to the above change, are entitled to exit the investments held by them in the Scheme(s) of Principal Mutual Fund without any exit load by placing redemption orders before September 04, 2018 (3:00 p.m.)

The addendum from AMC can be found here

2/ UTI Mutual Fund announced that Imtaiyazur Rahman has been appointed as acting CEO. This development has come amid Leo Puri resigning from posts of Managing Director and CEO of UTI Asset Management Company.

3/ ABSL Mutual Fund has announced that Pranay Sinha will manage Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme. The scheme was earlier managed by Kunal Sangoi.

Quote of the week:

Empowering the individual means empowering the nation. And empowerment is best served through rapid economic growth with rapid social change. – Atal Bihari Vajpayee 

 

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

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