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    All that you need to know about Mutual Funds this week

    All that you need to know about Mutual Funds this week

    All that you need to know about Mutual Funds this week
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    By Manvendra Singh Rathore   IST (Updated)

    Mini

    The large-cap indices ended each day of the week in red, with the Sensex falling by 2.02% while Nifty50 was down by 2 percent.

    The market was bearish this week amid mixed global cues. The large-cap indices ended each day of the week in red, with the Sensex falling by 2.02% while Nifty50 was down by 2 percent.
    Yet another fund is set to join the roster of index funds available for mutual fund investors, with Reliance launching the NFO of Reliance Junior BeES FoF on 18/Feb. The scheme aims to replicate the performance of the Nifty Next 50 Index.

    Index Returns:

    IndexWeekly openWeekly closeChange
    BSE Sensex36,546.4835,808.95-2.02%
    Nifty10,943.6010,724.40-2.00%
    S&P BSE SmallCap13,656.7513,252.81-2.96%
    S&P BSE MidCap14,328.8113,940.54-2.71%
    Source- BSE/NSE

    Top 5 best performing funds:

    NameWeek3YCategory
    RELIANCE JAPAN EQUITY2.0%11.4%Sectoral
    PRINCIPAL GLOBAL OPP.1.9%16.0%Fund of Funds
    INVESCO INDIA GOLD1.9%5.3%Fund of Funds
    FRANKLIN INDIA FF US OPP.1.9%19.0%Fund of Funds
    EDELWEISS GREATER CHINA1.4%17.9%Fund of Funds
    Source – Kuvera.in

    Top 5 worst performing funds:

    NameWeek3YCategory
    DSP NATURAL RESOURCES-5.3%22.4%Sectoral
    SBI HEALTHCARE OPP.-4.4%-3.1%Sectoral
    INVESCO INDIA PSU EQUITY-4.2%10.9%Sectoral
    RELIANCE PHARMA-4.2%5.6%Sectoral
    RELIANCE SMALL CAP-4.1%15.7%Small Cap
    Source – Kuvera.in

    Top 5 best performing ELSS funds:

    NameWeek3YCategory
    UTI LONG TERM EQUITY -1.8%13.9%ELSS
    ABSL TAX RELIEF96-1.8%17.0%ELSS
    HDFC TAX SAVER-1.8%15.8%ELSS
    QUANTUM TAX SAVING-2.0%14.5%ELSS
    LIC MF TAX-2.1%16.6%ELSS
    Source – Kuvera.in

    Top 5 worst performing ELSS funds:

    NameWeek3YCategory
    CANARA ROBECO EQUITY TAX SAVER-3.4%16.8%ELSS
    EDELWEISS LONG TERM EQUITY-3.3%12.7%ELSS
    IDBI EQUITY ADVANTAGE-3.3%12.6%ELSS
    PRINCIPAL TAX SAVING-3.1%18.5%ELSS
    HSBC TAX SAVER EQUITY-3.0%14.5%ELSS
    Source – Kuvera.in

    What investors bought:

    We saw the most inflows in these 5 schemes –
    Name1Y3YCategory
    MIRAE ASSET EMERGING BLUECHIP-4.5%19.4%Large & Mid Cap
    HDFC SMALL CAP-12.0%22.2%Small Cap
    L&T EMERGING BUSINESSES-18.0%21.1%Small Cap
    PARAG PARIKH LONG TERM EQUITY 3.8%16.7%Multi Cap
    KOTAK STANDARD MULTICAP-0.8%18.4%Multi Cap
    Source – Kuvera.in

    What investors sold:

    We saw the most outflows in these 5 schemes (excluding liquid and short-term schemes) –
    Name1Y3YCategory
    MIRAE ASSET INDIA EQUITY1.0%20.3%Multi Cap
    SBI BLUE CHIP-4.9%13.2%Large Cap
    FRANKLIN INDIA SMALLER COMPANIES-18.6%13.7%Small Cap
    HDFC MID CAP OPPORTUNITIES-12.8%16.1%Mid Cap
    HDFC HYBRID EQUITY -9.9%15.3%Aggressive Hybrid
    Source – Kuvera.in

    Movers and shakers at fund house:

    1/ Union Mutual Fund has announced the merger of Union Asset Allocation Fund (Merging Scheme) with Union Balanced Advantage Fund (Surviving Scheme). There will be no changes in the fundamental attributes of the Union Balanced Advantage Fund (Surviving Scheme). Unit holders of Union Asset Allocation Fund who do not wish to retain their holdings in the scheme can redeem their units without any exit load between 18/Feb and 19/Mar 2019.
    2/ Canara Robeco Mutual Fund has announced the change in Fund managers for Canara Robeco Capital Protection Oriented Fund - Series 10. The equity portfolio will be handled by Cheenu Gupta while the Debt portfolio will continue to be managed by Suman Prasad.
    3/Reports suggest that Himanshu Vyapak, the Deputy CEO of Reliance Nippon Life Asset Management, has resigned from his post. However, Reliance AMC is yet to issue an official statement in this regard.

    Quote of the week:

    Do not let the behavior of others destroy your inner peace.
    :Dalai Lama
    Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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