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All that you need to know about Mutual Funds last week

All that you need to know about Mutual Funds last week

All that you need to know about Mutual Funds last week
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By Manvendra Singh Rathore  Nov 19, 2018 9:24:53 AM IST (Updated)

In further good news for the consumer and the markets, inflation, as measured by the Consumer Price Index, stood at 3.31% in October compared to 3.70% in September.

Banking and financial services funds lead the pack this week, with 4 out of 5 top performing funds belonging to this sector. In an otherwise positive week, SmallCap Index was down by -1.27%. With the Rupee strengthening against the dollar, international fund of funds gave back some of their out performance from last month. All 5 worst performing funds were from the international fund of funds category.

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In further good news for the consumer and the markets, inflation, as measured by the Consumer Price Index, stood at 3.31% in October compared to 3.70% in September.
Tension between Central Government and Reserve Bank of India (RBI) seem to be rising as Government has proposed setting up of panels for closer supervision on functioning of RBI. Issues including transfer of surplus funds, easing of bad loan norms, and ensuring liquidity to the shadow-banking sector are likely to be discussed in a meeting on Monday.

Index Returns:

IndexWeekly openWeekly closeChange
BSE Sensex35,158.5535,457.160.85%
Nifty10,585.2010,682.200.92%
S&P BSE SmallCap14,671.8514,485.88-1.27%
S&P BSE MidCap14,944.2014,997.810.36%
Source- BSE/NSE
 

Top 5 best performing funds:

NameWeek3YCategory
SBI BANKING & FIN SERVICES2.5%21.3%Sectoral
CANARA ROBECO CONSUMER TRENDS2.4%15.0%Sectoral
SUNDARAM FINANCIAL SERVICES OPP2.2%12.3%Sectoral
BARODA PIONEER BANKING & FIN1.8%10.0%Sectoral
INVESCO INDIA FIN SERVICES1.8%18.3%Sectoral
Source – Kuvera.in

5 Worst performing funds:

NameWeek3YCategory
HSBC BRAZIL-7.4%20.6%Fund of Funds
ABSL GLOBAL COMMODITIES -5.5%6.9%Fund of Funds
PRINCIPAL GLOBAL OPPORTUNITIES-5.1%10.9%Fund of Funds
DSP WORLD MINING-5.0%19.0%Fund of Funds
FRANKLIN FEEDER EUROPE-5.0%5.3%Fund of Funds
Source – Kuvera.in

What investors bought:

We saw the most inflows in these 5 schemes –
Name1Y3YCategory
MIRAE ASSET EMERGING BLUECHIP0.1%18.2%Large & Mid Cap
L&T EMERGING BUSINESSES-7.4%19.2%Small Cap
ICICI PRUDENTIAL BLUECHIP3.2%13.4%Large Cap
PARAG PARIKH LONG TERM EQUITY1.9%11.3%Multi Cap
L&T MIDCAP FUND-6.7%15.9%Mid Cap
Source – Kuvera.in

What investors sold:

We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –
Name1Y3YCategory
ICICI PRUDENTIAL BANKING AND FIN-1.8%19.9%Sectoral
SBI BLUE CHIP-0.4%10.9%Large Cap
ABSL FRONTLINE EQUITY0.4%11.8%Large Cap
SBI MAGNUM MIDCAP-10.6%7.2%Mid Cap
HDFC TOP 100 FUND2.7%13.2%Large Cap
Source – Kuvera.in

Movers and shakers at fund house:

1/ Tata Mutual Fund has appointed Sailesh Jain as the fund manager for 4 schemes - Tata Digital India Fund, Tata Equity Savings Fund, Tata India Pharma and Healthcare Fund and Tata Resources and Energy Fund, with immediate effect.
2/ DSP Mutual Fund has launched the DSP Healthcare Fund NFO on 12/Nov. This open ended scheme will primarily invest in equity and equity related securities of companies in the healthcare and pharma sectors.
3/ Union Mutual Fund has launched the Union Value Discovery Fund NFO on 16/Nov. This open ended equity scheme will follow value investing strategy.
Quote of the week:
Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
Warren Buffet
 
 
 
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