Last Week in Mutual Funds: 1st December

All that you need to know about Mutual Funds this week

November saw the highest FII (Foreign Institutional Investor) inflow into the Indian equity market at Rs 4,576 Crores. This was markedly higher than the previous July – 18 high of Rs 2,264 Crores but came after a huge outflow of Rs 28,921 Crores in Oct – 18.

For the first time, Mutual Funds now manage more equity assets compared to insurance companies, data from NSDL shows. Equity assets managed by insurance companies stood at Rs 9.22 Lakh Crore as compared to Rs 9.32 Lakh Crore in Mutual Funds at the end of October.

In one of the biggest successful divestment transactions, CPSE ETF, the Govt raised Rs 17,000 Crores. The offer was subscribed 3.4 times by 5 pm and received about 1.25 lakh applications.

GDP Growth rate for Sep Quarter has fallen down to 7.1%, lower than the 8.2% growth rate for the first quarter of FY 2018-19. Slow Industrial Value addition is being considered as one of the reasons behind reduced GDP growth rate.

Global gold and commodity fund of funds was the worst performing category this week, with all 5 worst performers this week from this category.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 35,457.16 36,194.30 2.08%
Nifty 10,682.20 10,876.75 1.82%
S&P BSE SmallCap 14,485.88 14,427.16 -0.41%
S&P BSE MidCap 14,997.81 15,039.35 0.28%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
TATA DIGITAL INDIA 4.5% NA Sectoral
ABSL DIGITAL INDIA 4.2% 12.3% Sectoral
LIC MF LARGE CAP 4.2% 9.6% Large Cap
INVESCO INDIA LARGE CAP 4.1% 11.7% Large Cap
LIC MF BANKING & FIN. SERV. 4.0% 5.0% Sectoral

Source – Kuvera.in

 

Top 5 worst performing funds:
Name Week 3Y Category
KOTAK WORLD GOLD -6.1% 6.5% Fund of Funds
DSP WORLD GOLD -4.0% 7.3% Fund of Funds
DSP WORLD MINING -3.9% 16.6% Fund of Funds
ABSL GLOBAL COMMODITIES -2.7% 4.1% Fund of Funds
IDBI GOLD FUND -2.5% 4.0% Fund of Funds

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
UTI NIFTY NEXT 50 INDEX NA NA Index
MIRAE ASSET INDIA EQUITY 2.4% 15.2% Multi Cap
L&T EMERGING BUSINESSES -10.2% 17.2% Small Cap
UTI NIFTY INDEX 6.0% 12.1% Index
HDFC SMALL CAP -3.7% 17.3% Small 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
QUANTUM LONG TERM EQUITY VALUE -0.1% 11.3% Value Fund
HDFC HYBRID EQUITY -10.1% 6.1% Hybrid
RELIANCE GROWTH FUND -10.0% 10.0% Mid Cap
HDFC CAPITAL BUILDER VALUE -3.0% 13.1% Value Fund
ABSL FRONTLINE EQUITY -0.5% 11.6% Large Cap

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Reports say Prashant Pimple, a Senior Fund manager at Reliance MF is going to resign from his role. He has been with Reliance MF for over 10 years and managed 8 Debts Schemes.

2/ TATA AMC declared that it’s Fund Manager, Danesh Mistry will be heading Portfolio Management Services (PMS) division of TATA AMC,

3/ Sundaram MF has announced that Mr Nikhil Walecha and Mr Ratish B have been designated as Key Personnel of the company.

 

Quote of the week:

Forecasting future events is often like searching for a black cat in an unlit room, that may not even be there.

Steve Davidson

 

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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