S&P BSE Small Cap Index had its first week of significant outperformance in quite some time. The small-cap index was up 3.43% versus the Nifty index which closed up 0.67%. Two small-cap funds feature in the most bought Equity funds on our platform in the past 3 months.
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The growing popularity of the mutual fund industry and its potential for future growth is attracting new domestic players to foray into this space. Geojit Financial Services and SREI Infrastructure Finance have applied to launch their mutual fund business.
As per reports, SEBI is expected to permit mutual funds to enter the commodities market in its upcoming board meeting slated for March 2019.
Index Returns:
| Index | Weekly open | Weekly close | Change |
| BSE Sensex | 35,871.48 | 36,063.81 | 0.54% |
| Nifty | 10,791.65 | 10,863.50 | 0.67% |
| S&P BSE SmallCap | 13,517.71 | 13,981.73 | 3.43% |
| S&P BSE MidCap | 14,169.74 | 14,502.82 | 2.35% |
Source- BSE/NSE
Top 5 best performing funds:
| Name | Week | 3Y | Category |
| RELIANCE POWER AND INFRA | 3.5% | 18.5% | Sectoral |
| ABSL INFRASTRUCTURE | 3.4% | 12.2% | Sectoral |
| ABSL SMALL CAP | 3.2% | 15.4% | Small Cap |
| SUNDARAM SMALL CAP | 3.2% | 10.8% | Small Cap |
| DSP NATURAL RESOURCES | 2.8% | 23.4% | Sectoral |
Source – Kuvera.in
Top 5 worst performing funds:
| Name | Week | 3Y | Category |
| DSP WORLD GOLD | -4.0% | 2.9% | Fund of Funds |
| KOTAK WORLD GOLD | -3.8% | 1.8% | Fund of Funds |
| EDELWEISS ASEAN EQUITY | -1.4% | 12.9% | Fund of Funds |
| KOTAK GOLD | -1.2% | 4.2% | Fund of Funds |
| SUNDARAM FINSERV OPP | -0.9% | 20.6% | Sectoral |
Source – Kuvera.in
| Name | Week | 3Y | Category |
| IDFC TAX ADVANTAGE | 1.8% | 18.0% | ELSS |
| HSBC TAX SAVER EQUITY | 1.8% | 15.3% | ELSS |
| IDBI EQUITY ADVANTAGE | 1.8% | 13.1% | ELSS |
| AXIS LONG TERM EQUITY | 1.6% | 16.5% | ELSS |
| ICICI PRU LONG TERM EQUITY | 1.4% | 15.1% | ELSS |
Source – Kuvera.in
| Name | Week | 3Y | Category |
| EDELWEISS LONG TERM EQUITY | 0.2% | 13.1% | ELSS |
| INVESCO INDIA TAX | 0.2% | 18.0% | ELSS |
| TATA INDIA TAX SAVING | 0.2% | 17.6% | ELSS |
| DHFL PRAMERICA LONG TERM EQUITY | 0.3% | 15.5% | ELSS |
| INDIABULLS TAX SAVING | 0.3% | NA | ELSS |
Source – Kuvera.in
We saw the most inflows in these 5 schemes –
| Name | 1Y | 3Y | Category |
| MIRAE ASSET INDIA EQUITY | 2.3% | 20.3% | Multi Cap |
| PARAG PARIKH LONG TERM EQUITY | 3.2% | 16.6% | Multi Cap |
| KOTAK STANDARD MULTICAP | 0.9% | 18.8% | Multi Cap |
| HDFC MID CAP OPP | -9.7% | 17.5% | Mid Cap |
| HDFC SMALL CAP | -9.6% | 23.9% | Small Cap |
Source – Kuvera.in
We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –
| Name | 1Y | 3Y | Category |
| ICICI PRU BLUECHIP | -0.6% | 17.6% | Large Cap |
| ICICI PRU MULTICAP | 0.0% | 16.9% | Multi Cap |
| FRANKLIN INDIA EQUITY | -2.6% | 14.0% | Multi Cap |
| ICICI PRU LARGE & MID CAP | -6.4% | 14.5% | Large &Mid Cap |
| RELIANCE GOLD SAVING | 7.9% | 3.6% | Fund of Funds |
Source – Kuvera.in
1/ DSP Mutual Fund has reported that Pankaj Sharma will no longer be a co-Fund Manager of DSP Bond Fund, DSP Credit Risk Fund and all existing DSP Dual Advantage funds and Fixed Maturity Plans. Mr. Saurabh Bhatia will take on the additional responsibility of being the co-Fund Manager of DSP Credit Risk Fund.
2/ Reliance Mutual Fund has announced that Vikram Dhawan would cease to be Head - Commodities of the Mutual Fund.
The two most powerful warriors are patience and time.
: Leo Tolstoy
Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
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