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All that you need to know about mutual funds this week

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Index funds have outperformed actively managed funds over the last year. While Nifty has advanced around 12 percent in the last financial year, average returns by large-cap Mutual funds remained at 8.92 percent.

All that you need to know about mutual funds this week
We are excited to partner with Eight Roads Investments, the investment arm of Fidelity International Limited. With Eight Roads as an investor, we will continue to innovate and expand our advisory offering across financial products.
Index funds have outperformed actively managed funds over the last year. While Nifty has advanced around 12 percent in the last financial year, average returns by large-cap Mutual funds remained at 8.92 percent. We have been a proponent of index first approach to portfolio construction since the start and you can see our index recommendations here.
In the past year, large-cap Index has out-performed the mid-cap Index.
However, in the long run, the mid-cap Index does better. Over the past 16 years, your investment in the mid-cap Index would have returned 19% annually vs 17 percent annually for the large-cap index.
Enter Nifty Next 50, which is our recommended large-cap index. Nifty Next 50 Index is 45 percent of our equity basket allocation. Over the past 16 years, an investment in Nifty Next 50 would have returned 21.12 percent annually vs 19 percent annually for the mid-cap Index.
Direct funds are cheaper than ever before, with the revised cost slabs for mutual funds kicking in from April 1. Retails investors benefit from the change in TER norms as prescribed by SEBI earlier during October 2018.
Select Mutual Funds with exposure to Essel Group have clarified on their plans to process redemptions in schemes impacted by such exposure.
HDFC has rolled over the redemption of one of its FMP by around 1 year, they issued a statement saying that
The purpose of rollover/extension is due to the current interest rate scenario and portfolio positioning, the yields prevailing in the short maturity bucket present an option for investors to lock in their investments at the current prevailing yields.
Kotak Mahindra group spokesman Rohit Rao was quoted saying -
We are working closely with the Essel group for optimal recovery from Konti & Edisons for the benefit of our unit-holders as we believe such recovery will take place albeit with some delay.
Mirae Asset has approved the change in Fundamental attributes of Mirae Asset India Equity Fund. The scheme will change from a multi-cap fund to a large cap one from 1/May onward and will be named Mirae Asset Large Cap Fund. Unitholders of Mirae Asset India Equity Fund who do not wish to retain their holdings in the scheme can redeem their units without any exit load between 1/Apr and 30/Apr 2019.
Index Returns
IndexWeekly openWeekly closeChange
BSE Sensex38,767.1139,140.280.96%
Nifty11,643.4511,752.800.94%
S&P BSE SmallCap15,022.1815,021.20-0.01%
S&P BSE MidCap15,426.4515,382.57-0.28%
Source- BSE/NSE
Top 5 best performing funds
NameWeek3YCategory
FRANKLIN FEEDER EURO 3.3%5.2%Fund of Funds
UTI TRANSPORT & LOGI2.9%6.3%Sectoral
FRANKLIN BUILD INDIA 2.0%16.8%Sectoral
KOTAK TAX SAVER1.9%16.3%ELSS
KOTAK BLUECHIP1.9%13.7%Large Cap
Source – Kuvera.in
Top 5 worst performing funds
NameWeek3YCategory
KOTAK WORLD GOLD -4.1%-4.7%Fund of Funds
HSBC BRAZIL-3.2%17.4%Fund of Funds
ABSL GOLD-2.9%1.9%Fund of Funds
DSP WORLD GOLD -2.3%-1.6%Fund of Funds
KOTAK GOLD-1.6%-4.7%Fund of Funds
Source – Kuvera.in
Top 5 best performing ELSS funds
NameWeek3YCategory
KOTAK TAX SAVER1.9%16.3%ELSS
BNP PARIBAS LONG TERM EQUITY1.7%11.1%ELSS
DHFL PRAMERICA LONG TERM EQUITY1.5%11.8%ELSS
UNION TAX SAVER1.4%10.5%ELSS
BARODA PIONEER ELSS 961.3%10.7%ELSS
Source – Kuvera.in
What investors bought
We saw the most inflows in these 5 Funds –
Name1Y3YCategory
PARAG PARIKH LTE9.6%15.1%Multi-Cap
HDFC SMALL CAP-2.5%21.2%Small Cap
KOTAK MULTICAP8.5%18.1%Multi-Cap
L&T EMERGING BUS -11.3%20.8%Small Cap
CANARA EMERGING EQ0.9%19.0%Large & Mid Cap
Source – Kuvera.in
What investors sold
We saw the most outflows in these 5 Funds –
Name1Y3YCategory
SBI MAGNUM MULTI2.9%15.2%Multi-Cap
PRINCIPAL MULTI CAP-0.3%17.4%Multi-Cap
TATA INDIA CONSUMER-2.7%23.0%Sectoral
MIRAE INDIA EQUITY 11.3%19.0%Large Cap
SBI MAGNUM MIDCAP -8.2%8.5%Mid Cap
Source – Kuvera.in
Movers & Shakers
1/LIC Mutual Fund announced the resignation of Hemant Bhargava and appointment of M.R. Kumar as Associate Director on the Board of LIC Mutual Fund Asset Management Limited.
2/ Principal Mutual Fund has announced the launch of the Principal Small Cap NFO. This open-ended equity scheme will be open for subscription from 22/Apr.
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