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All that you need to know about Mutual Funds last week
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All that you need to know about Mutual Funds last week
Nov 24, 2018 4:26 AM

The market posted modest losses last truncated week, breaking the uptrend after rallying for the previous three weeks. Sensex and Nifty were down 1.34 percent, and 1.46 percent respectively.

Share Market Live

NSE

Just a reminder, over the past 28 years going back to 1990, Nifty has had a 10 percent or more decline every 14-16 month or so. Nifty is currently down ~11 percent from its peak. A 10 percent or more decline has been a good time to invest for the long term, i.e for 5 - 10 years.

Index Returns:

IndexWeekly openWeekly closeChange
BSE Sensex35,457.1634,981.02-1.34%
Nifty10,682.2010,526.75-1.46%
S&P BSE SmallCap14,485.8814,350.83-0.93%
S&P BSE MidCap14,997.8114,880.34-0.78%

Source- BSE/NSE

Top 5 best performing funds:

NameWeek3YCategory
KOTAK WORLD GOLD4.3%8.8%Fund of Funds
HSBC BRAZIL1.5%18.9%Fund of Funds
ICICI PRU FMCG0.6%13.0%Sectoral
TATA BANKING & FINANCIAL SERVICES0.6%20.0%Sectoral
SBI CONSUMPTION OPPORTUNITIES0.5%14.8%Sectoral

Source – Kuvera.in

Top 5 worst performing funds:

NameWeek3YCategory
UTI MASTERSHARE UNIT-9.0%10.0%Large Cap
DSP WORLD AGRICULTURE-7.1%5.5%Fund of Funds
DSP US FLEXIBLE EQUITY-5.9%11.5%Fund of Funds
FRANKLIN INDIA FEEDER US OPPORTUNITIES-5.7%9.7%Fund of Funds
DSP WORLD ENERGY-5.6%2.5%Fund of Funds

Source – Kuvera.in

What investors bought:

We saw the most inflows in these 5 schemes –

Name1Y3YCategory
ABSL FRONTLINE EQUITY-2.9%11.1%Large Cap
HDFC HYBRID EQUITY-10.5%6.3%Aggressive Hybrid
HDFC EQUITY GROWTH-4.3%11.7%Multi Cap
L&T EMERGING BUSINESSES-9.9%17.9%Small Cap
HDFC SMALL CAP-1.0%18.0%Small Cap

Source – Kuvera.in

What investors sold:

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

Name1Y3YCategory
ICICI PRU VALUE DISCOVERY -1.6%8.0%Value Fund
QUANTUM LONG TERM EQUITY VALUE-1.5%11.2%Value Fund
HDFC MID CAP OPPORTUNITIES-9.7%12.3%Mid Cap
FRANKLIN INDIA SMALLER COMPANIES-13.2%10.8%Small Cap
ICICI PRU BALANCED ADVANTAGE2.9%10.1%Balanced Advantage

Source – Kuvera.in

Movers and shakers at fund house:

1/ Indiabulls Mutual Fund has launched an NFO for Indiabulls Dynamic Bond Fund. This open-ended scheme will invest in debt securities of various durations.

2/ Indiabulls Mutual Fund has launched an NFO for Indiabulls Equity Hybrid Fund. This open ended scheme will be managed by Malay Shah, Sumit Bhatnagar and Veekesh Gandhi.

Quote of the week:

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

Sam Ewing

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

First Published:Nov 24, 2018 1:26 PM IST

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