Despite the heightened volatility due to ongoing Lok Sabha Elections and trade war between US and China, Sensex rose 1.25 percent during the last week to close at 37,930.77. This was the highest closing level of Sensex since 7 May 2019. During the same time, Nifty 50 index rose 1.14 percent to settle at 11,407.15, the highest closing level since May 7, 2019 for Nifty as well.
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On May 13, China announced that it will raise tariffs on $60 billion worth of US goods, beginning from 1 June 2019. This announcement came after US President Donald Trump had raised duties on $200 billion worth of Chinese goods from 10 percent to 25 percent.
According to data released by AMFI (Association of Mutual Funds in India), inflows into Mid Cap and Small Cap funds have been higher than inflows in Large Cap funds during the month of April. Net inflow into Large Cap funds in April was Rs 48.27 crore, compared to Rs 491.04 crore and Rs 955.83 crore into Mid Cap and Small Cap funds respectively.
Index Returns
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 37,462.99 | 37,930.77 | 1.25% |
| Nifty | 11,278.90 | 11,407.15 | 1.14% |
| S&P BSE SmallCap | 14,105.73 | 13,887.14 | -1.55% |
| S&P BSE MidCap | 14,389.76 | 14,308.36 | -0.57% |
Source- BSE/NSE
Top 5 best performing funds
| Name | Week | 3Y | Category |
| CANARA ROBECO GOLD SAVING | 5.0% | 1.1% | Fund of Funds |
| INVESCO INDIA FIN SERV | 2.6% | 20.5% | Sectoral |
| SUNDARAM FINA SERV | 2.6% | 16.1% | Sectoral |
| TATA BANKING & FIN SERV | 2.6% | 21.5% | Sectoral |
| EDELWEISS EUROPE DYNAMIC EQUITY | 2.5% | 4.7% | Fund of Funds |
Source – Kuvera.in
Top 5 worst performing funds
| Name | Week | 3Y | Category |
| HSBC BRAZIL | -6.3% | 12.3% | Fund of Funds |
| SBI HEALTHCARE | -5.5% | -5.3% | Sectoral |
| UTI HEALTHCARE | -4.5% | -1.9% | Sectoral |
| RELIANCE PHARMA | -4.2% | 3.2% | Sectoral |
| MIRAE ASSET HEALTHCARE | -3.7% | NA | Sectoral |
Source – Kuvera.in
Top 5 best performing ELSS funds
| Name | Week | 3Y | Category |
| JM TAX GAIN | 1.7% | 15.3% | ELSS |
| LIC MF TAX | 1.3% | 13.0% | ELSS |
| TATA INDIA TAX SAVING | 1.3% | 14.2% | ELSS |
| MAHINDRA MUTUAL KBY | 1.2% | NA | ELSS |
| EDELWEISS LONG TERM EQUITY | 1.2% | 10.7% | ELSS |
Source – Kuvera.in
What investors bought
We saw the most inflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| KOTAK STANDARD MULTICAP | 5.0% | 15.8% | Multi Cap |
| HDFC SMALL CAP | -10.0% | 17.2% | Small Cap |
| MIRAE ASSET LARGE CAP | 6.0% | 16.3% | Large Cap |
| PARAG PARIKH LONG TERM EQUITY | 4.6% | 13.6% | Multi Cap |
| UTI NIFTY INDEX GROWTH | 6.0% | 13.9% | Index Fund |
Source – Kuvera.in
What investors sold
We saw the most outflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| ICICI PRUDENTIAL MULTI ASSET | 2.4% | 13.9% | Hybrid |
| RELIANCE ARBITRAGE | 7.4% | 7.1% | Arbitrage |
| HDFC CAPITAL BUILDER | -3.2% | 13.9% | Value Cap |
| ABSL FOCUSED EQUITY | 1.6% | 12.1% | Focused |
| HDFC MID CAP OPPORTUNITIES | -9.5% | 12.3% | Mid Cap |
Source – Kuvera.in
Movers & Shakers
1/ LIC Mutual Fund announced that with effect from 10 May 2019, Ravi Kumar Jha will be replacing Rajesh Patwardhan as the Chief Marketing Officer of LIC Mutual Fund Asset Management Limited.
2/ Srinivas Rao Ravuri has resigned from HDFC Mutual Fund. He was managing HDFC Equity Opportunities Fund, HDFC Infrastructure Fund, and HDFC Housing Opportunities Fund.
3/ IDFC Mutual Fund has announced that Khushboo Sharma will cease to be the Fund Manager of IDFC Credit Risk Fund. Khushboo Sharma and Arvind Subramanian were co-manager of the fund.
Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
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