Last Week in Mutual Funds: 9th March

Out-performance of Small Cap Mutual Funds continued from the last week. BSE SmallCap Index is up 3.91% this week compared to 1.68% for the BSE Sensex. Two Small Cap Mutual Funds feature in the top 5 best performing funds this week:

HSBC SMALL CAP EQUITY 

 

ABSL SMALL CAP

 

A few weeks of tax planning are left and we are seeing some last minute ELSS flows. One Tax Saving ELSS fund featured in the top 5 most bought fund on Kuvera this week. Visit our ELSS Help Center to learn everything you need to know to save taxes while investing in Mutual Funds.

The overall assets under management of the mutual fund industry dipped to Rs 23.16 lakh crore in February, with a net outflow of Rs 20,083 crore after January. However, retail investors stood strong amidst volatility, with the SIP book growing to Rs 8,095 crore from January’s Rs 8,064 crore.

ICICI Prudential Mutual Fund was awarded the title of ‘Best Fund House’ at the Business Today-Money Today Financial Awards 2019. HDFC Bank and State Bank of India jointly won the award for ‘Bank of the Year’.

Women make up a mere 8% of fund managers, as per a report by Morningstar. Of the 345 fund managers across mutual fund houses in the country, there are just 29 women fund managers who are managing funds either as primary/secondary managers or have oversight as heads of equity/debt. The report highlights that 52% of the AUM, managed by women fund managers, outperformed the benchmark/peer group average over one year basis.

 

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,063.81 36,671.43 1.68%
Nifty 10,863.50 11,035.40 1.58%
S&P BSE SmallCap 13,981.73 14,529.06 3.91%
S&P BSE MidCap 14,502.82 14,804.21 2.08%

Source- BSE/NSE

 

Top 5 best performing funds:
Name Week 3Y Category
HSBC INFRASTRUCTURE EQUITY 8.9% 4.7% Sectoral
IDFC INFRASTRUCTURE 7.7% 15.2% Sectoral
HSBC SMALL CAP EQUITY  7.7% 11.9% Small Cap
ABSL SMALL CAP 7.5% 15.2% Small Cap
HDFC INFRASTRUCTURE 7.5% 7.8% Sectoral

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
KOTAK WORLD GOLD -5.5% -0.7% Fund of Funds
INVESCO INDIA GOLD  -4.7% 3.3% Fund of Funds
HSBC BRAZIL -4.4% 13.2% Fund of Funds
DSP WORLD GOLD -4.1% 0.1% Fund of Funds
HDFC GOLD -4.0% 2.2% Fund of Funds

Source – Kuvera.in

 

Top 5 best performing ELSS funds:
Name Week 3Y Category
RELIANCE TAX SAVER 5.6% 10.7% ELSS
IDFC TAX ADVANTAGE 4.6% 17.4% ELSS
HSBC TAX SAVER 4.6% 14.2% ELSS
BOI AXA TAX ADVANTAGE 3.9% 14.2% ELSS
DSP TAX SAVER  3.7% 16.6% ELSS

Source – Kuvera.in

 

Top 5 worst performing ELSS funds:
Name Week 3Y Category
AXIS LONG TERM EQUITY 1.8% 15.2% ELSS
IDBI EQUITY ADVANTAGE 1.8% 12.5% ELSS
JM TAX GAIN 1.8% 17.4% ELSS
ABSL TAX RELIEF96 1.9% 16.2% ELSS
BNP PARIBAS LONG TERM EQUITY 2.3% 11.1% ELSS

Source – Kuvera.in

 

What investors bought:

We saw the most inflows in these 5 Funds –

Name 1Y 3Y Category
HDFC MID CAP OPP -3.2% 16.4% Mid Cap
PARAG PARIKH LONG TERM EQUITY 6.5% 15.8% Multi Cap
HDFC SMALL CAP  -1.6% 22.7% Small Cap
UTI NIFTY INDEX 10.1% 15.1% Index
AXIS LONG TERM EQUITY  6.5% 15.2% ELSS

Source – Kuvera.in

 

What investors sold:

We saw the most outflows in these 5 Funds (excluding liquid and short-term schemes) –

Name 1Y 3Y Category
KOTAK EQUITY OPP 4.5% 16.9% Large &Mid Cap
MIRAE ASSET INDIA EQUITY 9.0% 18.7% Multi Cap
SBI BLUE CHIP 2.6% 12.8% Large Cap
ABSL FRONTLINE EQUITY 4.1% 13.9% Large Cap
ABSL EQUITY SAVING 2.4% 9.7% Hybrid

Source – Kuvera.in

Movers and shakers at fund house:

1/ Axis Mutual Fund has announced that 4 persons have been designated as Key Personnel. These are Mahesh Thakur, Ajay Kumar Gupta, Aswin Patni and Viresh Joshi.

 

Quote of the week:
I like to think of ideas as potential energy. They’re really wonderful, but nothing will happen until we risk putting them into action.

:Mae Jemison

 

#FeatureShowcase: TradeSmart

 

High Short Term Capital Gains (STCG) taxes can make a dent when you switch or redeem a fund. With TradeSmart, see what amount you can safely switch or redeem, with the lowest capital gains tax implications.

Activate TradeSmart to see all fund units outside the STCG window. For Equity (Debt), this means units bought more than 1 year (3 years) ago. Further, on the transaction page, check the exact Short Term and Long Term Capital Gains for your proposed transaction so you can plan better.

Activate TradeSmart today and let us know how we can make it better.

 

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.

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.

#MutualFundSahiHai, #KuveraSabseSahiHai!

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