0

0

0

0

0

0

0

0

0

This article is more than 2 year old.

All that you need to know about Mutual Funds last week

Mini

Global gold and commodity fund of funds was the worst performing category this week, with all 5 worst performers this week from this category.

All that you need to know about Mutual Funds last week
November saw the highest FII (Foreign Institutional Investor) inflow for FY19 into the Indian equity market at Rs 4,576 Crores. This was markedly higher than the previous July - 18 high of Rs 2,264 Crores but came after a huge outflow of Rs 28,921 Crores in Oct - 18.
For the first time, Mutual Funds now manage more equity assets compared to insurance companies, data from NSDL shows. Equity assets managed by insurance companies stood at Rs 9.22 Lakh Crore as compared to Rs 9.32 Lakh Crore in Mutual Funds at the end of October.
In one of the biggest successful divestment transactions, CPSE ETF, the Govt raised Rs 17,000 Crores. The offer was subscribed 3.4 times by 5 pm and received about 1.25 lakh applications.
GDP Growth rate for Sep Quarter has fallen down to 7.1 percent, lower than the 8.2 percent growth rate for the first quarter of FY 2018-19. Slow Industrial Value addition is being considered as one of the reasons behind reduced GDP growth rate.
Global gold and commodity fund of funds was the worst performing category this week, with all 5 worst performers this week from this category.
Index Returns:
IndexWeekly openWeekly closeChange
BSE Sensex35,457.1636,194.302.08%
Nifty10,682.2010,876.751.82%
S&P BSE SmallCap14,485.8814,427.16-0.41%
S&P BSE MidCap14,997.8115,039.350.28%
Source- BSE/NSE
Top 5 best performing funds:
NameWeek3YCategory
TATA DIGITAL INDIA4.5%NASectoral
ABSL DIGITAL INDIA4.2%12.3%Sectoral
LIC MF LARGE CAP4.2%9.6%Large Cap
INVESCO INDIA LARGE CAP4.1%11.7%Large Cap
LIC MF BANKING & FIN. SERV.4.0%5.0%Sectoral
Source – Kuvera.in
Top 5 worst performing funds:
NameWeek3YCategory
KOTAK WORLD GOLD-6.1%6.5%Fund of Funds
DSP WORLD GOLD-4.0%7.3%Fund of Funds
DSP WORLD MINING-3.9%16.6%Fund of Funds
ABSL GLOBAL COMMODITIES-2.7%4.1%Fund of Funds
IDBI GOLD FUND-2.5%4.0%Fund of Funds
Source – Kuvera.in
What investors bought:
We saw the most inflows in these 5 schemes –
Name1Y3YCategory
UTI NIFTY NEXT 50 INDEXNANAIndex
MIRAE ASSET INDIA EQUITY2.4%15.2%Multi Cap
L&T EMERGING BUSINESSES-10.2%17.2%Small Cap
UTI NIFTY INDEX6.0%12.1%Index
HDFC SMALL CAP-3.7%17.3%Small Cap
Source – Kuvera.in
What investors sold:
We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –
Name1Y3YCategory
QUANTUM LONG TERM EQUITY VALUE-0.1%11.3%Value Fund
HDFC HYBRID EQUITY-10.1%6.1%Hybrid
RELIANCE GROWTH FUND-10.0%10.0%Mid Cap
HDFC CAPITAL BUILDER VALUE-3.0%13.1%Value Fund
ABSL FRONTLINE EQUITY-0.5%11.6%Large Cap
Source – Kuvera.in
Movers and shakers at fund house:
1/ Reports say Prashant Pimple, a Senior Fund manager at Reliance MF is going to resign from his role. He has been with Reliance MF for over 10 years and managed 8 Debts Schemes.
2/ TATA AMC declared that it's Fund Manager, Danesh Mistry will be heading Portfolio Management Services (PMS) division of TATA AMC,
3/ Sundaram MF has announced that Mr Nikhil Walecha and Mr Ratish B have been designated as Key Personnel of the company.

Quote of the week:

Forecasting future events is often like searching for a black cat in an unlit room, that may not even be there.
Steve Davidson
next story