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All that you need to know about Mutual Funds last week

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With Tax season around the corner, a tax saving ELSS fund made the top five funds where we saw the most inflows this week. A timely reminder that if you haven't done your tax planning, you should do it now.

All that you need to know about Mutual Funds last week
9.74 lakh SIP accounts were added each month during this financial year with an average ticket size being Rs 3,200, as per AMFI data. Despite market volatility, SIP inflows from retail investors stood at Rs 7,985 crore in November 2018, a 42 percent increase as compared to the previous year.
With Tax season around the corner, a tax saving ELSS fund made the top five funds where we saw the most inflows this week. A timely reminder that if you haven't done your tax planning, you should do it now.
International Funds went through a major correction this week with all 5 funds in worst performing funds list belonging to this category. NASDAQ the tech index in the US, closed the week down 21.9 percent from its August 29 record closing high. A 20 percent decline is considered the threshold for a bear market. The S&P 500 is down 17.5 percent from its September 20 record high close.
The year 2018 witnessed increasing awareness and demand in passive (or Index) investing. Passive investing has gained traction over the past decade, growing from Rs 9,000 crore in 2008 to over Rs 1 lakh crore in August 2018. We have been a proponent of index first approach to portfolio construction since the start and you can see our index recommendations here.
Index Returns:
IndexWeekly openWeekly closeChange
BSE Sensex35,962.9335,742.07-0.61%
Nifty10,805.4510,754.00-0.48%
S&P BSE SmallCap14,501.7614,633.620.91%
S&P BSE MidCap15,192.8415,253.000.40%
Source- BSE/NSE
Top 5 best performing funds:
NameWeek3YCategory
INVESCO INDIA PSU3.2%9.1%Sectoral
DSP NATURAL RES. & NEW ENERGY2.8%22.3%Sectoral
SBI CONTRA2.5%8.3%Contra
SBI PSU GROWTH2.2%4.3%Sectoral
SBI SMALL CAP2.1%17.0%Small Cap
Source – Kuvera.in
Top 5 worst performing funds:
NameWeek3YCategory
FRANKLIN FEEDER US OPPOR-9.7%9.3%Fund of Funds
KOTAK US EQUITY-8.0%9.2%Fund of Funds
ICICI PRUDENTIAL US BLUECHIP-8.0%12.1%Sectoral
EDELWEISS GREATER CHINA-7.7%7.5%Fund of Funds
PRINCIPAL GLOBAL OPPOR-7.6%7.7%Fund of Funds
What investors bought:
We saw the most inflows in these 5 schemes –
Name1Y3YCategory
L&T MIDCAP-9.5%15.4%Mid Cap
HDFC SMALL CAP-3.7%18.3%Small Cap
CANARA ROB. EMER. EQUITIES-6.4%14.5%Large & Mid Cap
ABSL TAX RELIEF96-2.3%14.4%ELSS
INVESCO INDIA CONTRA1.0%17.5%Contra
Source – Kuvera.in
What investors sold:
We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –
Name1Y3YCategory
KOTAK STANDARD MULTICAP1.2%15.6%Multi Cap
ABSL FRONTLINE EQUITY-0.8%12.8%Large Cap
MOTILAL OSWAL MULTICAP 35-5.8%14.8%Multi Cap
MIRAE ASSET INDIA EQUITY2.3%16.1%Multi Cap
HDFC HYBRID EQUITY-9.7%7.7%Hybrid
Source – Kuvera.in
Movers and shakers at fund house:
1/ Pramerica Financial is set to acquire DHFL’s stake in DHFL Pramerica Asset Managers (DPAM). This transaction will make DPAM a wholly-owned subsidiary of Prudential Financial, which is among the top 10 largest investment managers in the world with more than $1 trillion in assets under management.
2/ Sources confirmed that IDFC has shelved its plans to sell IDFC AMC, and has decided to focus more on the retail segment with its Mutual Fund business.
Quote of the week:
A holiday is an opportunity to journey within. It is also a chance to chill, to relax. It is when I switch on my rest mode.
Prabhas

Market Movers

CompanyPriceChng%Chng
ICICI Bank676.65 20.70 3.16
ITC212.40 5.40 2.61
Wipro599.15 14.95 2.56
SBI Life Insura1,050.45 24.45 2.38
SBI428.90 6.85 1.62
CompanyPriceChng%Chng
ICICI Bank676.65 20.85 3.18
ITC212.35 5.30 2.56
SBI429.15 7.15 1.69
HCL Tech994.25 15.65 1.60
Axis Bank755.25 8.75 1.17
CompanyPriceChng%Chng
ICICI Bank676.65 20.70 3.16
ITC212.40 5.40 2.61
Wipro599.15 14.95 2.56
SBI Life Insura1,050.45 24.45 2.38
SBI428.90 6.85 1.62
CompanyPriceChng%Chng
ICICI Bank676.65 20.85 3.18
ITC212.35 5.30 2.56
SBI429.15 7.15 1.69
HCL Tech994.25 15.65 1.60
Axis Bank755.25 8.75 1.17

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.4000-0.0600-0.08
Euro-Rupee87.5450-0.0830-0.09
Pound-Rupee102.3880-0.0780-0.08
Rupee-100 Yen0.6730-0.0030-0.44