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All that you need to know about mutual funds last week

All that you need to know about mutual funds last week

HNIs (High Net Worth Individuals) consider Mutual Funds as the best investment vehicle says the recent IIFL Wealth X report. As per the report, 1 in 5 HNIs hold more than half their wealth in Mutual Funds, 84 per cent of HNIs hold at least some part of their wealth in Mutual funds and 48 per cent of HNIs want to increase their investments in Mutual Funds over next 1 year.

It is tax planning time in earnest. Two of the top 5 most invested schemes in the last week were ELSS schemes that help you save tax under Section 80C. You can read all our past ELSS blogs here.

India has retained the title of the World’s fastest growing Large economy, despite domestic and global pressures. With strong drivers from the service sectors and better demand conditions going forward, the CII (Confederation of Indian Industry) expects 2019 to bring robust growth to the Indian economy.

HDFC Mutual Fund has surpassed ICICI Prudential Mutual Fund to become India’s largest Asset Management Company. At the end of December, the total Assets under management of HDFC Mutual Fund had risen to Rs 3.35 lakh crores, while that of ICICI Prudential Mutual Fund stood at Rs 3.08 lakh crores. SBI, Aditya Birla Sun Life and Reliance Mutual Fund round up the top 5 AMCs in India.

Index Returns:
Index Weekly open Weekly close Change
BSE Sensex 36,076.72 35,695.10 -1.06%
Nifty 10,859.90 10,727.35 -1.22%
S&P BSE SmallCap 14,605.69 14,592.41 -0.09%
S&P BSE MidCap 15,360.21 15,147.60 -1.38%

Source- BSE/NSE

Top 5 best performing funds:
Name Week 3Y Category
HSBC BRAZIL GROWTH 9.1% 23.6% Fund of Funds
DHFL PRAMERICA GLOB. EQ. OPPOR. 4.0% 5.8% Fund of Funds
DSP WORLD ENERGY 2.9% 2.0% Fund of Funds
EDELWEISS EUROPE DYNAMIC EQUITY 2.7% -0.9% Fund of Funds
EDELWEISS US VALUE EQUITY 2.6% 5.1% Fund of Funds

Source – Kuvera.in

Top 5 worst performing funds:
Name Week 3Y Category
TATA INDIA CONSUMER -3.1% 22.5% Sectoral
UTI TRANSPORTATION & LOGISTICS -3.1% 5.2% Sectoral
EDELWEISS GREATER CHINA -2.3% 5.9% Fund of Funds
UTI INDIA LIFESTYLE -2.2% 0.8% Sectoral
IDBI EQUITY ADVANTAGE -2.0% 10.6% ELSS

Source – Kuvera.in

What investors bought:

We saw the most inflows in these 5 schemes –

Name 1Y 3Y Category
AXIS LONG TERM EQUITY 3.2% 12.4% ELSS
HDFC MID CAP OPPOR. -11.2% 12.2% Mid Cap
MIRAE ASSET INDIA EQUITY -0.6% 14.2% Multi Cap
ABSL TAX RELIEF96 -4.4% 12.5% ELSS
L&T EMERGING BUSINESSES -14.6% 16.7% 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
SBI BLUE CHIP -4.3% 9.8% Large Cap
FRANKLIN INDIA SMALL. COMP. -15.8% 10.4% Small Cap
HDFC TOP 100 -0.2% 12.7% Large Cap
ICICI PRUDENTIAL VALUE DISCOVERY -4.8% 7.7% Value
ABSL FRONTLINE EQUITY -3.1% 11.1% Large Cap

Source – Kuvera.in

Movers and shakers at fund house:

1/ Yes Mutual Fund has launched the NFO for its maiden fund Yes Liquid Fund. The NFO is currently open for subscription, and will close on 16/Jan. This open-ended fund will be managed by Piyush Baranwal. With this NFO, Yes Mutual Fund has joined the list of AMCs supported on Kuvera.

Quote of the week:

[“source-cnbc”]

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