HomePersonal Finance NewsAll that you need to know about Mutual Funds last week

All that you need to know about Mutual Funds last week

The mutual fund Industry has added 1.18 crore folios during the past year, with Equity funds (including ELSS and Balanced funds) contributing to 90 percent of the total growth.

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By Niveditha Vishwamithra  March 25, 2019, 8:50:37 AM IST (Updated)

All that you need to know about Mutual Funds last week
The mutual fund Industry has added 1.18 crore folios during the past year, with Equity funds
(including ELSS
and Balanced funds) contributing to 90 percent of the total growth.

The total investor accounts stood at 8.18 crore in February, with the total Assets under management (AUM) at Rs 23.16 lakh crore.

After a decade of operations, Mirae Asset is now ranked 16th in the list of Top AMCs in terms of Average Assets Under Management, and 12th in terms of Equity Assets. The AMC now has over Rs 25,000 crores Assets in Management, with Rs 22,000 crore in Equity Assets.

Goldman Sachs, the global investment banking firm, has upgraded India to "overweight" and expects NIFTY to reach 12,500 in the next 12 months.

The Reserve Bank of India (RBI) has raised concerns over the conflict of interest in the functioning of credit rating agencies in their dual practice of both rating the bond, as well as deciding its valuation, which is used by AMCs to calculate the NAV (Net Asset Value) of schemes.

One week of tax planning is left and we are seeing some last minute ELSS flows. One Tax Saving ELSS fund featured in the top 5 most bought fund on Kuvera this week. Visit our ELSS Help Center to learn everything you need to know to save taxes while investing in Mutual Funds.

Index Returns:

































IndexWeekly openWeekly closeChange
BSE Sensex38,024.3238,164.610.37%
Nifty11,426.8511,456.900.26%
S&P BSE SmallCap14,837.1814,758.80-0.53%
S&P BSE MidCap15,171.5215,076.89-0.62%

Source- BSE/NSE

Top 5 best performing funds:







































NameWeek3YCategory
DSP NATURAL RESOURCES 2.6%23.6%Sectoral
EDELWEISS EURO DYNAMIC EQUITY2.2%4.4%Fund of Funds
MOTILAL OSWAL NASDAQ 100 FOF2.2%NAFund of Funds
DHFL PRAMERICA EURO EQUITY1.5%5.0%Fund of Funds
DSP WORLD ENERGY1.5%4.4%Fund of Funds

Source – Kuvera.in

Top 5 worst performing funds:







































NameWeek3YCategory
KOTAK WORLD GOLD-4.0%-2.4%Fund of Funds
UTI TRANSPORTATION & LOGISTICS -3.1%7.1%Sectoral
IDBI MIDCAP-2.2%NAMid Cap
INVESCO INDIA FEEDER PAN EURO-1.8%6.5%Fund of Funds
DSP WORLD GOLD -1.7%-0.2%Fund of Funds

Source – Kuvera.in

Top 5 best performing ELSS funds:







































NameWeek3YCategory
TATA INDIA TAX SAVING0.7%17.8%ELSS
ICICI PRU LONG TERM EQUITY0.5%15.2%ELSS
TAURUS TAXSHIELD 0.4%18.5%ELSS
JM TAX GAIN0.4%18.2%ELSS
DHFL PRAMERICA LONG TERM EQUITY0.4%15.6%ELSS

Source – Kuvera.in

What investors bought:

We saw the most inflows in these 5 Funds –







































Name1Y3YCategory
HDFC SMALL CAP0.5%22.9%Small Cap
HDFC MID CAP OPP-0.4%17.0%Mid Cap
MIRAE ASSET TAX SAVER12.5%23.7%ELSS
PARAG PARIKH LONG TERM EQUITY9.2%15.5%Multi Cap
AXIS FOCUSED 259.5%19.2%Focused Fund

Source – Kuvera.in

What investors sold:

We saw the most outflows in these 5 Funds (excluding liquid and short-term schemes) –







































Name1Y3YCategory
MIRAE ASSET INDIA EQUITY13.6%19.4%Multi Cap
AXIS MULTICAP15.3%NAMulti Cap
MOTILAL OSWAL MULTICAP 35 1.4%17.8%Multi Cap
HDFC HYBRID EQUITY3.0%14.2%Hybrid
SBI BLUE CHIP5.8%13.6%Large Cap

Source – Kuvera.in



Niveditha Vishwamithra is an Analyst at Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.
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