Last Week in Mutual Funds: 24th November

All that you need to know about Mutual Funds this week

The market posted modest losses this truncated week, breaking the uptrend after rallying for the previous three weeks. Sensex and Nifty were down 1.34 per cent, and 1.46 per cent respectively.

Just a reminder, over the past 28 years going back to 1990, Nifty has had a 10% or more decline every 14-16 month. Nifty is currently down ~11% from its peak. A 10% or more decline has been a good time to invest for the long term, i.e for 5 – 10 years.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 35,457.16 34,981.02 -1.34%
Nifty 10,682.20 10,526.75 -1.46%
S&P BSE SmallCap 14,485.88 14,350.83 -0.93%
S&P BSE MidCap 14,997.81 14,880.34 -0.78%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
KOTAK WORLD GOLD 4.3% 8.8% Fund of Funds
HSBC BRAZIL 1.5% 18.9% Fund of Funds
ICICI PRU FMCG 0.6% 13.0% Sectoral
TATA BANKING & FINANCIAL SERVICES 0.6% 20.0% Sectoral
SBI CONSUMPTION OPPORTUNITIES 0.5% 14.8% Sectoral

Source – Kuvera.in

 

Top worst performing funds:
Name Week 3Y Category
DSP WORLD AGRICULTURE -7.1% 5.5% Fund of Funds
DSP US FLEXIBLE EQUITY -5.9% 11.5% Fund of Funds
FRANKLIN INDIA FEEDER US OPPORTUNITIES -5.7% 9.7% Fund of Funds
DSP WORLD ENERGY -5.6% 2.5% Fund of Funds

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
ABSL FRONTLINE EQUITY -2.9% 11.1% Large Cap
HDFC HYBRID EQUITY -10.5% 6.3% Aggressive Hybrid
HDFC EQUITY GROWTH -4.3% 11.7% Multi Cap
L&T EMERGING BUSINESSES -9.9% 17.9% Small Cap
HDFC SMALL CAP -1.0% 18.0% 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 VALUE DISCOVERY  -1.6% 8.0% Value Fund
QUANTUM LONG TERM EQUITY VALUE -1.5% 11.2% Value Fund
HDFC MID CAP OPPORTUNITIES -9.7% 12.3% Mid Cap
FRANKLIN INDIA SMALLER COMPANIES -13.2% 10.8% Small Cap
ICICI PRU BALANCED ADVANTAGE 2.9% 10.1% Balanced Advantage

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Indiabulls Mutual Fund has launched an NFO for Indiabulls Dynamic Bond Fund. This open-ended scheme will invest in debt securities of various durations.

2/ Indiabulls Mutual Fund has launched an NFO for Indiabulls Equity Hybrid Fund. This open ended scheme will be managed by Malay Shah, Sumit Bhatnagar and Veekesh Gandhi.

 

Quote of the week:

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

Sam Ewing

 

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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