We released the second chapter of our serialized book Zen And the Art of Investing - Simple stories to understand markets and our reaction to them!
Loading...
Sensex has ended FY19 with the biggest gain in 4 financial years. With a growth of 17.30 percent in FY19, the index has fared better than FY18 and FY17, with growths of 11.30 percent and 16.88 percent, respectively. The Nifty 50 index rose 14.93 percent in FY19 and 10.25 percent in the previous fiscal year.
Sensex vs Small Cap FY 19
There was a significant divergence in the performance of large cap and small cap funds during this financial year as MidCap and SmallCap indices saw a fall of 3.03 percent and 11.57 percent respectively in FY19, after a stellar run in the previous two financial years.
In Conversations, we reached out to Harish Bihani, fund manager at ICICI Prudential Small Cap Fund over email for comments on the small-cap space and his views behind their timing to allow lumpsum investment in this fund.
As the financial year ended, we saw last-minute inflows into ELSS funds. 2 of the most invested schemes during this week were ELSS schemes.
ICICI Prudential Mutual fund has launched the NFO for ICICI Prudential Bharat Consumption Fund. This open-ended equity scheme following the consumption theme will have Nifty India Consumption Index as its benchmark. The NFO will be open for subscription until April 9.
Source: Google Finance
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 38,164.61 | 38,672.91 | 1.33% |
| Nifty | 11,456.90 | 11,623.90 | 1.46% |
| S&P BSE SmallCap | 14,758.80 | 15,027.36 | 1.82% |
| S&P BSE MidCap | 15,076.89 | 15,479.62 | 2.67% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| DSP WORLD GOLD | 3.7% | 2.9% | Fund of Funds |
| ABSL BANKING & FINSERV | 2.5% | 23.2% | Sectoral |
| ABSL GOLD | 2.5% | 2.9% | Fund of Funds |
| MOTILAL OSWAL MIDCAP 30 | 2.2% | 10.9% | Mid Cap |
| RELIANCE BANKING | 2.2% | 22.2% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| HSBC BRAZIL | -8.9% | 19.2% | Fund of Funds |
| DHFL PRAMERICA EURO EQUITY | -3.0% | 4.5% | Fund of Funds |
| FRANKLIN INDIA FEEDER EURO | -2.5% | 4.1% | Fund of Funds |
| EDELWEISS EMERGING MARKETS OPP | -2.1% | 13.3% | Fund of Funds |
| INVESCO INDIA GOLD | -2.0% | 3.1% | Fund of Funds |
Source – Kuvera.in
Top 5 best performing ELSS funds:
| Name | Week | 3Y | Category |
| RELIANCE TAX SAVER | 2.4% | 9.8% | ELSS |
| INVESCO INDIA TAX | 2.3% | 16.7% | ELSS |
| CANARA ROBECO EQUITY TAX SAVER | 2.3% | 15.8% | ELSS |
| IDFC TAX ADVANTAGE | 2.3% | 17.1% | ELSS |
| HSBC TAX SAVER | 2.3% | 14.0% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 Funds –
| Name | 1Y | 3Y | Category |
| MIRAE ASSET INDIA EQUITY | 12.7% | 18.7% | Multi Cap |
| MIRAE ASSET TAX SAVER | 11.7% | 23.2% | ELSS |
| PARAG PARIKH LONG TERM EQUITY | 10.2% | 14.8% | Multi Cap |
| AXIS LONG TERM EQUITY | 7.9% | 15.2% | ELSS |
| UTI NIFTY INDEX | 13.5% | 15.1% | Index |
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 |
| ICICI PRU BLUECHIP | 8.0% | 16.1% | Large Cap |
| HDFC MID CAP OPP | 0.2% | 16.6% | Mid Cap |
| SBI BLUE CHIP | 5.1% | 12.8% | Large Cap |
| ABSL EQUITY HYBRID 95 | 2.8% | 12.3% | Hybrid |
| L&T EMERGING BUSINESSES | -7.7% | 21.8% | Small Cap |
Source – Kuvera.in
Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
First Published:Mar 30, 2019 8:13 AM IST
zpostcode
Recruit
weather
mreligion
Yellowpages
sport
constellation
shopping
name
game
directory
literature
Word
tour
furnish
Lottery
tftnews
lyrics
News
digital
car
dir
Edu
Finance
