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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 Niveditha Vishwamithra   IST (Updated)

    Mini

    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 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
     
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