Last week in Mutual Funds
NSE
This week was the first time where we saw some sustained buying in small caps schemes. Retail interest looks to be turning to small cap schemes again. On the global front the “trade wars” turmoil continued on the back of which INR tumbled to all time low valuations against the USD.
What worked best?
BSE Sensex and NIFTY were down by 0.12% and 0.08%% respectively over the week. The market mood for small cap (-2.93%) and midcaps (-1.52%) turned out to be negative.
| Index | Weekly opening | Weekly close | Increase/Decrease |
| BSE Sensex | 36,541.63 | 36,496.37 | -0.12% |
| Nifty | 11,018.90 | 11,010.20 | -0.08% |
| BSE smallcap. | 16,196.33 | 15,721.43 | -2.93% |
| BSE Midcap | 15,431.47 | 15,196.46 | -1.52% |
Source- BSE/NSE
Top 5 Best Performing Funds Last Week:
| Fund | 1 Week return | 1Y return | 3Y return | Sub-Category |
| ADITYA BIRLA SUN LIFE BANKING AND FINANCIAL SERVICES GROWTH DIRECT PLAN | 2.2% | 8.7% | 18.2% | Sectoral/Thematic |
| JM CORE 11 GROWTH DIRECT PLAN | 1.8% | 10.4% | 15.3% | Large Cap Fund |
| ADITYA BIRLA SUN LIFE GOLD GROWTH DIRECT PLAN | 1.7% | 6.1% | 4.6% | Fund of Funds |
| RELIANCE JAPAN EQUITY GROWTH DIRECT PLAN | 1.3% | 12.7% | 4.0% | Sectoral/Thematic |
| HSBC BRAZIL GROWTH DIRECT PLAN | 1.1% | 0.8% | 5.2% | Fund of Funds |
Source – Kuvera.in
What investors bought?
We, at Kuvera, saw the most inflows last week in these 5 schemes –
| Fund | 1Y return | 3Y return | Sub-category |
| HDFC Small Cap Fund - Direct Plan - Growth Option | 12.2% | 18.2% | Small Cap Fund |
| L&T Emerging Businesses Fund Direct Growth | 4.2% | 20.3% | Small Cap Fund |
| Axis Focused 25 Fund - Direct Plan - Growth | 20.6% | 16.5% | Focused Fund |
| UTI-Transportation & Logistics Fund-DIRECT GROWTH PLAN-Growth | 4.3% | 11.4% | Sectoral/Thematic |
| Invesco India Contra Fund - Direct Plan Growth | 14.7% | 14.7% | Contra Fund |
Source: Kuvera.in
Movers and shakers at Fund House:
1/ Invesco announced that there India Midcap Fund will now be co-managed by Mr. Neelesh Dhamnaskar and Mr. Pranav Gokhale
2/ UTI announced that co-fund manager UTI Healthcare Fund Mr. Ritesh Rathod has resigned and the fund will now be managed by V.Srivatsa
3/ Tata Asset Management Ltd has announced through an addendum that one of the key people, Mr. Gopal Agrawal has resigned from the services.
In other news:
1/ L&T MF has introduced exit load on triple ace bond fund, an exit load of 0.5 percent will be levied if investors exit or switch out within two years of allotment.
2/ Reports suggested that Avendus Capital will acquire IDFC AMC. However, no concrete information about the valuation of this deal has been made public.
Quote of the week
"An investment in knowledge pays the best interest"- Benjamin Franklin
( Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform. He is on a mission to make wealth management accessible to all. He is passionate about Mutual funds, Equity Markets and Technical analysis.)
First Published:Jul 21, 2018 1:15 PM IST
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