Out-performance of Small Cap funds continued from the last week. BSE SmallCap is up 3.91% this week compared to 1.68% for the BSE Sensex. Two Small Cap funds feature in the top 5 best performing funds this week:
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HSBC SMALL CAP EQUITY
ABSL SMALL CAP
The overall assets under management of the mutual fund industry dipped to Rs 23.16 lakh crore in February, with a net outflow of Rs 20,083 crore after January. However, retail investors stood strong amidst volatility, with the SIP book growing to Rs 8,095 crore from January’s Rs 8,064 crore.
ICICI Prudential Mutual Fund was awarded the title of 'Best Fund House' at the Business Today-Money Today Financial Awards 2019. HDFC Bank and State Bank of India jointly won the award for ‘Bank of the Year’.
Women make up a mere 8% of fund managers, as per a report by Morningstar. Of the 345 fund managers across mutual fund houses in the country, there are just 29 women fund managers who are managing funds either as primary/secondary managers or have oversight as heads of equity/debt. The report highlights that 52 percent of the AUM, managed by women fund managers, outperformed the benchmark/peer group average over one year basis.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 36,063.81 | 36,671.43 | 1.68% |
| Nifty | 10,863.50 | 11,035.40 | 1.58% |
| S&P BSE SmallCap | 13,981.73 | 14,529.06 | 3.91% |
| S&P BSE MidCap | 14,502.82 | 14,804.21 | 2.08% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| HSBC INFRASTRUCTURE EQUITY | 8.9% | 4.7% | Sectoral |
| IDFC INFRASTRUCTURE | 7.7% | 15.2% | Sectoral |
| HSBC SMALL CAP EQUITY | 7.7% | 11.9% | Small Cap |
| ABSL SMALL CAP | 7.5% | 15.2% | Small Cap |
| HDFC INFRASTRUCTURE | 7.5% | 7.8% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| KOTAK WORLD GOLD | -5.5% | -0.7% | Fund of Funds |
| INVESCO INDIA GOLD | -4.7% | 3.3% | Fund of Funds |
| HSBC BRAZIL | -4.4% | 13.2% | Fund of Funds |
| DSP WORLD GOLD | -4.1% | 0.1% | Fund of Funds |
| HDFC GOLD | -4.0% | 2.2% | Fund of Funds |
Source – Kuvera.in
Top 5 best performing ELSS funds
| Name | Week | 3Y | Category |
| RELIANCE TAX SAVER | 5.6% | 10.7% | ELSS |
| IDFC TAX ADVANTAGE | 4.6% | 17.4% | ELSS |
| HSBC TAX SAVER | 4.6% | 14.2% | ELSS |
| BOI AXA TAX ADVANTAGE | 3.9% | 14.2% | ELSS |
| DSP TAX SAVER | 3.7% | 16.6% | ELSS |
Source – Kuvera.in
Top 5 worst performing ELSS funds:
| Name | Week | 3Y | Category |
| AXIS LONG TERM EQUITY | 1.8% | 15.2% | ELSS |
| IDBI EQUITY ADVANTAGE | 1.8% | 12.5% | ELSS |
| JM TAX GAIN | 1.8% | 17.4% | ELSS |
| ABSL TAX RELIEF96 | 1.9% | 16.2% | ELSS |
| BNP PARIBAS LONG TERM EQUITY | 2.3% | 11.1% | ELSS |
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| HDFC MID CAP OPP | -3.2% | 16.4% | Mid Cap |
| PARAG PARIKH LONG TERM EQUITY | 6.5% | 15.8% | Multi Cap |
| HDFC SMALL CAP | -1.6% | 22.7% | Small Cap |
| UTI NIFTY INDEX | 10.1% | 15.1% | Index |
| AXIS LONG TERM EQUITY | 6.5% | 15.2% | ELSS |
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 |
| KOTAK EQUITY OPP | 4.5% | 16.9% | Large &Mid Cap |
| MIRAE ASSET INDIA EQUITY | 9.0% | 18.7% | Multi Cap |
| SBI BLUE CHIP | 2.6% | 12.8% | Large Cap |
| ABSL FRONTLINE EQUITY | 4.1% | 13.9% | Large Cap |
| ABSL EQUITY SAVING | 2.4% | 9.7% | Hybrid |
Source – Kuvera.in
Movers and shakers at fund house:
1/ Axis Mutual Fund has announced that 4 persons have been designated as Key Personnel. These are Mahesh Thakur, Ajay Kumar Gupta, Aswin Patni and Viresh Joshi.
Quote of the week:
I like to think of ideas as potential energy. They're really wonderful, but nothing will happen until we risk putting them into action.
:Mae Jemison
Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
First Published:Mar 9, 2019 1:16 PM IST
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