Last Week in Mutual Funds: 9th February

All that you need to know about Mutual Funds this week

We released the first chapter of our serialized book Zen And the Art of Investing –  Simple stories to understand markets and our reaction to them!

Monthly SIP investments grew to an all-time high of Rs 8,064 crore in January, even as net inflows into equity schemes fell for the third consecutive month. AMFI data showed net inflows into equity schemes fell 6.7% to a 24-month low of Rs 6,158 crore in January.

Tax saving ELSS investing is in full swing. Two of the top 5 funds where we saw the most inflows this week are ELSS funds.

The choice of index funds available to Indian investors continues to increase. DSP will be launching NFOs of DSP Nifty 50 Index Fund and DSP Nifty Next 50 Index Fund. These funds seek to replicate the performance of the Nifty and Nifty Next 50 indices respectively. The NFOs will be open for subscription from 11/Feb to 15/Feb.

Deloitte India expects that digitally invested AUM for individual investments in mutual funds will cross Rs 1 lakh crore by 2021. The report expects the overall retail AUM in mutual funds to grow by 37% during the same time.

RBI reduced the repo rate by 25 basis points from 6.5% to 6.25%. RBI also changed their monetary policy stance from ‘calibrated tightening’ to ‘neutral’.

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,469.43 36,546.48 0.21%
Nifty 10,893.65 10,943.60 0.46%
S&P BSE SmallCap 13,950.45 13,656.75 -2.11%
S&P BSE MidCap 14,641.38 14,328.81 -2.13%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
EDELWEISS GREATER CHINA EQUITY OFF SHORE 4.0% 16.2% Fund of Funds
FRANKLIN INDIA TECHNOLOGY 2.3% 13.6% Sectoral
SUNDARAM GLOBAL ADVANTAGE 2.2% 13.6% Fund of Funds
DSP US FLEXIBLE EQUITY 2.0% 15.5% Fund of Funds
HSBC ASIA PACIFIC YIELD 2.0% 15.9% Fund of Funds

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
HSBC BRAZIL -4.4% 35.4% Fund of Funds
HSBC INFRASTRUCTURE EQUITY -3.6% 1.1% Sectoral
RELIANCE VISION -3.1% 8.7% Large & Mid Cap
ABSL SMALL CAP  -2.8% 11.8% Small Cap
HSBC SMALL CAP -2.7% 9.2% Small Cap

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
AXIS LONG TERM EQUITY 2.1% 2.1% ELSS
MOSL LONG TERM EQUITY 0.7% 17.4% ELSS
TATA INDIA TAX SAVING 0.7% 15.6% ELSS
JM TAX GAIN 0.6% 16.4% ELSS
EDELWEISS LONG TERM EQUITY 0.4% 11.4% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
RELIANCE TAX SAVER -2.5% 9.3% ELSS
HDFC TAX SAVER -1.3% 14.4% ELSS
L&T TAX ADVANTAGE -0.9% 14.6% ELSS
SBI MAGNUM TAX GAIN -0.9% 11.4% ELSS
ICICI PRU LONG TERM EQUITY -0.8% 12.5% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
MIRAE ASSET INDIA EQUITY 4.8% 18.6% Multi Cap
ABSL TAX RELIEF96 -0.1% 15.3% ELSS
L&T EMERGING BUSINESSES -14.2% 18.7% Small Cap
AXIS LONG TERM EQUITY  6.8% 13.9% ELSS
HDFC SMALL CAP  -6.6% 19.8% 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
KOTAK STANDARD MULTICAP 3.1% 17.3% Multi Cap
SBI LARGE AND MIDCAP -1.7% 13.3% Large & Mid Cap
HDFC EQUITY -0.3% 18.0% Multi Cap
HDFC MID CAP OPP -8.3% 14.0% Mid Cap
IDFC MULTI CAP -4.6% 9.9% Multi Cap

Source – Kuvera.in

 

Movers and shakers at fund house:

1/ Reliance Mutual Fund has appointed Sushil Budhia as the Senior Fund Manager for Debt Investments.

2/ Indiabulls Mutual Fund has announced the appointment of Vikrant Mehta as the Joint Head of Fixed Income.

 

Quote of the week:

Tiger got to hunt, bird got to fly;
Man got to sit and wonder ‘why, why, why?’
Tiger got to sleep, bird got to land;
Man got to tell himself he understand.

: Kurt Vonnegut

 

This market update was initially published by CNBCTV18 in the Personal Finance section.

Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

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