Last Week in Mutual Funds: 8th December

All that you need to know about Mutual Funds this week

Fund of funds investing in Gold continued their out-performance from last week with 4 out of 5 top performing funds this week from this category. A global gold index has outperformed Nifty 50 by over 20% in the past 3 months –

 

Even though the long-term value proposition of Gold is debatable –

For the first time in FY 18-19, a tax saving ELSS fund made the top five funds where we saw the most inflows this week. A timely reminder that if you haven’t done your tax planning, you should do it now.

Individual investors have surpassed institutional investors in Mutual Fund Holdings. AMFI data showed that individual investors contributed to 53.3% of Mutual Fund Industry AUM in October this year as compared to 49% in the same month last year.

The Liquidity scare in Short-term debt instruments seems to be fading away as investments in Liquid funds are on a rise. Inflows in Liquid funds during November rose to Rs 1.36 Lakh crore, almost a 2.5 fold increase on monthly basis.

Monetary Policy Committee of RBI met on 5/Dec and kept the Repo Rate unchanged at 6.5% for the 2nd consecutive month. RBI Vice President, Viral Acharya also eased liquidity concerns in the economy by stating that RBI will continue capital infusion in the system through open market Operations.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,194.30 35,673.25 -1.44%
Nifty 10,876.75 10,693.70 -1.68%
S&P BSE SmallCap 14,427.16 14,104.65 -2.24%
S&P BSE MidCap 15,039.35 14,717.49 -2.14%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
KOTAK WORLD GOLD 3.1% 4.1% Fund of Funds
IDBI GOLD 2.7% 4.8% Fund of Funds
AXIS GOLD 2.7% 6.5% Fund of Funds
QUANTUM GOLD SAVING 2.6% 5.7% Fund of Funds
DHFL GLOBAL EQUITY OPP 2.5% 7.7% Fund of Funds

Source – Kuvera.in

 

Top 5 worst performing funds:
Name Week 3Y Category
SBI HEALTHCARE OPPORTUNITIES -4.1% -6.0% Sectoral
UTI HEALTHCARE -3.8% -3.0% Sectoral
ICICI PRU EXPORTS & SERVICES -3.7% 5.7% Sectoral
ICICI PRU FOCUSED EQUITY -3.6% 9.8% Focused
UTI MID CAP -3.6% 7.3% Mid Cap

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
L&T EMERGING BUSINESSES -10.6% 16.6% Small Cap
PARAG PARIKH LONG TERM EQUITY 2.5% 10.7% Multi Cap
MIRAE ASSET INDIA EQUITY 2.8% 14.8% Multi Cap
HDFC SMALL CAP -3.3% 17.0% Small Cap
ABSL TAX RELIEF96 -0.4% 13.3% ELSS

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
RELIANCE SMALL CAP 12.1% 13.7% Small Cap
ICICI PRU VALUE DISCOVERY -1.4% 7.6% Value Fund
FRANKLIN SMALLER COMPANIES -15.1% 10.1% Small Cap
SBI BLUE CHIP -1.8% 10.0% Large Cap
HDFC MID CAP OPPORTUNITIES -8.6% 12.0% Mid Cap

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Yes MF has received SEBI approval to launch 2 schemes – Yes Liquid Fund and Yes Ultra Short Term Fund.

2/ LIC MF has appointed Sunita Sharma as Associate Director on the Board of LIC Mutual Fund Trustee Private Limited.

 

Quote of the week:

For last year’s words belong to last year’s language,
And next year’s words await another voice.

T.S.Eliot

 

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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