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This article is more than 2 year old.

All that you need to know about Mutual Funds last week

Mini

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.

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.
IndexWeekly openWeekly closeChange
BSE Sensex33,349.3135,011.654.98%
Nifty10,030.0010,553.005.21%
S&P BSE SmallCap13,597.6414,464.686.38%
S&P BSE MidCap13,870.1514,888.737.34%
Source- BSE/NSE

Top 5 best performing funds:

NameWeek3YCategory
HSBC INFRASTRUCTURE9.5%-0.3%Sectoral
CANARA ROBECO8.9%5.7%Sectoral
HDFC INFRASTRUCTURE8.5%0.2%Sectoral
IDFC INFRASTRUCTURE8.2%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 –
Name1Y3YCategory
MIRAE ASSET INDIA EQUITY-1.2%13.7%Multi Cap
HDFC SMALL CAP1.9%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 EQUITY2.6%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) –
Name1Y3YCategory
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
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