Nov 05, 2018 05:34 AM IST | Market

All that you need to know about Mutual Funds last week

India is now the top ranked South Asian country in World Bank’s ‘Ease of Doing Business’ Index. One of the top improvers this year, India has risen 23 points to grab the 77th place in the globally recognized index. On a similar note, in a recent Standard Chartered study on Emerging Affluent countries, India emerged as the most investment savvy Asian country, with two-thirds of the surveyed population using some kind of investment product.

On the economic front, India and Japan have signed a bilateral currency swap agreement for up to $ 75 billion. This agreement is expected to bring greater stability to the Indian foreign exchange and capital markets.

Index Returns:

Sensex reclaimed the psychologically important 35,000 level, as the markets post strong returns this week. Several companies came out with good quarterly results, further boosting the market sentiment.

Index	Weekly open	Weekly close	Change
BSE Sensex	33,349.31	35,011.65	4.98%
Nifty	10,030.00	10,553.00	5.21%
S&P BSE SmallCap	13,597.64	14,464.68	6.38%
S&P BSE MidCap	13,870.15	14,888.73	7.34%

Source- BSE/NSE

Top 5 best performing funds:

Name	Week	3Y	Category
HSBC INFRASTRUCTURE	9.5%	-0.3%	Sectoral
CANARA ROBECO	8.9%	5.7%	Sectoral
HDFC INFRASTRUCTURE	8.5%	0.2%	Sectoral
IDFC INFRASTRUCTURE	8.2%	9.5%	Sectoral
DSP INDIA T.I.G.E.R.	8.0%	7.3%	Sectoral

Source – Kuvera.in

What investors bought:

We saw the most inflows in these 5 schemes –

Name	1Y	3Y	Category
MIRAE ASSET INDIA EQUITY	-1.2%	13.7%	Multi Cap
HDFC SMALL CAP	1.9%	18.2%	Small Cap
KOTAK STANDARD MULTICAP	-3.2%	12.5%	Multi Cap
L&T EMERGING BUSINESSES	-9.5%	18.4%	Small Cap
PARAG PARIKH LONG TERM EQUITY	2.6%	11.3%	Multi Cap

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
HDFC MID CAP OPPORTUNITIES	-7.6%	12.4%	Mid Cap
SBI BLUE CHIP	-4.4%	9.3%	Large Cap
L&T INDIA VALUE GROWTH	-9.4%	11.7%	Value Fund
FRANKLIN INDIA SMALLER COMPANIES	-12.5%	10.4%	Small Cap
HDFC TOP 100	-1.9%	12.0%	Large Cap

Source – Kuvera.in

Movers and shakers at fund house:

1/ ICICI Prudential Mutual Fund has reduced the minimum SIP amount for most of its equity and debt schemes to Rs. 100.

2/ Aditya Birla Sun Life Mutual Fund has launched an overnight fund. This open-ended debt scheme will be managed by Kaustubh Gupta.

Quote of the week:

I like the dreams of the future better than the history of the past.

- Thomas Jefferson

Manvendra Singh Rathore is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

Published Date: Nov 3rd, 2018 12:14 PM | Updated Date: Nov 05, 2018 05:34 AM IST

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