Last Week in Mutual Funds: 1st March

There was a lot on the news this week – from trade wars, terrorism, border skirmishes, and an upcoming election. A lot that would seemingly sound scary to an investor. In times like these, a long term investor should remember This Too Shall Pass.

S&P BSE Small Cap Index had its first week of outperformance in quite some time. The small-cap index was up 3.43% versus the Nifty index which closed up 0.67%. Two small-cap funds feature in the most bought Equity funds on our platform in the past 3 months.

 

The growing popularity of the mutual fund industry and its potential for future growth is attracting new domestic players to foray into this space. Geojit Financial Services and SREI Infrastructure Finance have applied to launch their mutual fund business.

As per reports, SEBI is expected to permit mutual funds to enter the commodities market in its upcoming board meeting slated for March 2019.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 35,871.48 36,063.81 0.54%
Nifty 10,791.65 10,863.50 0.67%
S&P BSE SmallCap 13,517.71 13,981.73 3.43%
S&P BSE MidCap 14,169.74 14,502.82 2.35%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
RELIANCE POWER AND INFRA 3.5% 18.5% Sectoral
ABSL INFRASTRUCTURE 3.4% 12.2% Sectoral
ABSL SMALL CAP  3.2% 15.4% Small Cap
SUNDARAM SMALL CAP 3.2% 10.8% Small Cap
DSP NATURAL RESOURCES 2.8% 23.4% Sectoral

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
DSP WORLD GOLD -4.0% 2.9% Fund of Funds
KOTAK WORLD GOLD -3.8% 1.8% Fund of Funds
EDELWEISS ASEAN EQUITY -1.4% 12.9% Fund of Funds
KOTAK GOLD -1.2% 4.2% Fund of Funds
SUNDARAM FINSERV OPP -0.9% 20.6% Sectoral

Source – Kuvera.in

 

Top 5 best performing ELSS funds
Name Week 3Y Category
IDFC TAX ADVANTAGE 1.8% 18.0% ELSS
HSBC TAX SAVER EQUITY 1.8% 15.3% ELSS
IDBI EQUITY ADVANTAGE 1.8% 13.1% ELSS
AXIS LONG TERM EQUITY 1.6% 16.5% ELSS
ICICI PRU LONG TERM EQUITY 1.4% 15.1% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
EDELWEISS LONG TERM EQUITY 0.2% 13.1% ELSS
INVESCO INDIA TAX 0.2% 18.0% ELSS
TATA INDIA TAX SAVING 0.2% 17.6% ELSS
DHFL PRAMERICA LONG TERM EQUITY 0.3% 15.5% ELSS
INDIABULLS TAX SAVING 0.3% NA ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET INDIA EQUITY 2.3% 20.3% Multi Cap
PARAG PARIKH LONG TERM EQUITY 3.2% 16.6% Multi Cap
KOTAK STANDARD MULTICAP 0.9% 18.8% Multi Cap
HDFC MID CAP OPP -9.7% 17.5% Mid Cap
HDFC SMALL CAP -9.6% 23.9% 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
ICICI PRU BLUECHIP -0.6% 17.6% Large Cap
ICICI PRU MULTICAP 0.0% 16.9% Multi Cap
FRANKLIN INDIA EQUITY -2.6% 14.0% Multi Cap
ICICI PRU LARGE & MID CAP -6.4% 14.5% Large &Mid Cap
RELIANCE GOLD SAVING 7.9% 3.6% Fund of Funds

Source – Kuvera.in

Movers and shakers at fund house:

1/ DSP Mutual Fund has reported that Pankaj Sharma will no longer be a co-Fund Manager of DSP Bond Fund, DSP Credit Risk Fund and all existing DSP Dual Advantage funds and Fixed Maturity Plans. Mr Saurabh Bhatia will take on the additional responsibility of being the co-Fund Manager of DSP Credit Risk Fund.

2/ Reliance Mutual Fund has announced that Vikram Dhawan would cease to be Head – Commodities of the Mutual Fund.

 

Quote of the week:

The two most powerful warriors are patience and time.

: Leo Tolstoy

 

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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