Last Week in Mutual Funds: 3rd November

All that you need to know about Mutual Funds this week

India is now the top ranked South Asian country in World Bank’s ‘Ease of Doing Business’ Index. One of the top improvers this year, India has risen 23 points to grab the 77th place in the globally recognized index. On a similar note, in a recent Standard Chartered study on Emerging Affluent countries, India emerged as the most investment savvy Asian country, with two-thirds of the surveyed population using some kind of investment product.

On the economic front, India and Japan have signed a bilateral currency swap agreement for up to $ 75 billion. This agreement is expected to bring greater stability to the Indian foreign exchange and capital markets.

 

Index Returns:

Sensex reclaimed the psychologically important 35,000 level, as the markets post strong returns this week. Several companies came out with good quarterly results, further boosting the market sentiment.

Index Weekly open Weekly close Change
BSE Sensex 33,349.31 35,011.65 4.98%
Nifty 10,030.00 10,553.00 5.21%
S&P BSE SmallCap 13,597.64 14,464.68 6.38%
S&P BSE MidCap 13,870.15 14,888.73 7.34%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
HSBC INFRASTRUCTURE 9.5% -0.3% Sectoral
CANARA ROBECO 8.9% 5.7% Sectoral
HDFC INFRASTRUCTURE 8.5% 0.2% Sectoral
IDFC INFRASTRUCTURE 8.2% 9.5% Sectoral
DSP INDIA T.I.G.E.R. 8.0% 7.3% Sectoral

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET INDIA EQUITY -1.2% 13.7% Multi Cap
HDFC SMALL CAP 1.9% 18.2% Small Cap
KOTAK STANDARD MULTICAP -3.2% 12.5% Multi Cap
L&T EMERGING BUSINESSES -9.5% 18.4% Small Cap
PARAG PARIKH LONG TERM EQUITY 2.6% 11.3% Multi 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
HDFC MID CAP OPPORTUNITIES -7.6% 12.4% Mid Cap
SBI BLUE CHIP -4.4% 9.3% Large Cap
L&T INDIA VALUE GROWTH -9.4% 11.7% Value Fund
FRANKLIN INDIA SMALLER COMPANIES -12.5% 10.4% Small Cap
HDFC TOP 100 -1.9% 12.0% Large Cap

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ ICICI Prudential Mutual Fund has reduced the minimum SIP amount for most of its equity and debt schemes to Rs. 100.

2/ Aditya Birla Sun Life Mutual Fund has launched an overnight fund. This open-ended debt scheme will be managed by Kaustubh Gupta.

 

Quote of the week:
I like the dreams of the future better than the history of the past.

 – Thomas Jefferson

 

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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