5 mutual fund categories that are shining bright in these dark days

THE ECONOMIC TIMES Fri, Mar 13, 2020 | 08:08 AM IST Mutual Funds Newsletter

5 mutual fund categories that are shining bright in these dark days Many mutual fund investors are resigned to their fate as the market continues to be in a free-fall mode on the back of a slew of negative news. However, some investors would be surprised to note that five mutual fund categories in their portfolio are shining brighter in these bleaker times. Mutual funds schemes with significant exposure to troubled Yes Bank Many mutual fund investors are wondering whether their mutual fund schemes have exposure to the troubled bank's stocks or bonds. Equity mutual fund inflows touch 11-month high in February The mutual fund industry witnessed a net outflow of Rs 1,985 crore across all segments, mainly owing to withdrawal from liquid or money market category. Should investors exit mutual funds with exposure to Yes Bank Many mutual fund investors are anxious about their schemes hit by the Yes Bank fiasco. They are calling up their financial planners and advisors to ask them for help. Here is what planners ask them to do at this point. Sensex down 6%; should mutual fund investors be worried? Crude prices would set the tone for the market in the near term. The price war launched by Saudi Arabia against its one-time ally Russia saw oil prices tumbling down to multi-year lows. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 14.26 5.55 -0.16 -14.59 Invest Now Axis Bluechip Fund-Growth ★★★★★ 12.78 4.33 -0.73 -14.66 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 8.52 -1.29 -1.67 -17.03 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 8.26 -2.97 -3.27 -12.38 Start SIP Mirae Asset Large Cap Fund Regular- Growth ★★★★★ 7.28 -4.03 -3.80 -12.46 Invest Now Nippon India Mutual Fund to side-pocket exposure to Yes Bank securities Further as on March 6, 2020, rating agency ICRA has downgraded the rating of Yes Bank Limited to "D", that is, below investment grade. RBI to cut rates soon? What should mutual fund investors do? "The Reserve Bank of India is monitoring global and domestic developments closely and continuously and stands ready to take appropriate actions to ensure the orderly functioning of financial markets,maintain market confidence and preserve financial stability," Shaktikanta Das said in a statement.

TERM OF THE WEEK Consumer Price Index A comprehensive measure used for estimation of price changes in a basket of goods and serv... read more

New Fund Offers Fund Name Category Type Open Close Min Inv Union Midcap Fund Direct-G Equity: Mid Cap Open-ended 02 Mar 16 Mar 5000.00 Union Midcap Fund Reg-D Equity: Mid Cap Open-ended 02 Mar 16 Mar 5000.00 Union Midcap Fund Reg-G Equity: Mid Cap Open-ended 02 Mar 16 Mar 5000.00 Union Midcap Fund Direct-D Equity: Mid Cap Open-ended 02 Mar 16 Mar 5000.00 SBI Capital Protection Oriented Fund - Series A (Plan 8) Direct-G Hybrid: Conservative Hybrid Closed-end 03 Mar 17 Mar 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Long Term Equity (Tax Saving)-D Equity: ELSS Open-ended 13 Mar 2020 0.62 Nippon India Growth-D Equity: Mid Cap Open-ended 13 Mar 2020 10.00 ICICI Pru Value Discovery-D Equity: Value Oriented Open-ended 13 Mar 2020 3.10 Nippon India Growth Inst-D Equity: Mid Cap Open-ended 13 Mar 2020 80.00 ICICI Pru Value Discovery Direct-D Equity: Value Oriented Open-ended 13 Mar 2020 3.10 * Funds with daily dividend distribution frequency options are excluded More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 11-03-2020 4943.66 3906.85 1036.81 12201.54 11598.26 603.28 09-03-2020 7115.72 4199.87 2915.85 12515.72 9446.87 3068.85 06-03-2020 4718.83 3476.78 1242.05 12950.21 8414.98 4535.23 05-03-2020 3050.09 1925.76 1124.33 13990.70 12566.78 1423.92 04-03-2020 4682.64 4853.36 -170.72 18160.84 12160.10 6000.74 03-03-2020 4065.47 2489.13 1576.34 11600.34 8923.66 2676.68 02-03-2020 3620.30 3722.03 -101.73 8712.67 7943.00 769.67 Click here to view all WMF >>

Top Mutual Funds of the week (5-Star Rating) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt Kotak Gold Fund Direct-Growth 18.5736 0.29 194.51 - - 0.60 Kotak Gold Fund Regular-Growth 17.9732 0.28 194.51 - - 0.60 Edelweiss Arbitrage Fund Direct-Growth 15.0401 0.26 3885.86 - 0.35 Edelweiss Arbitrage Fund Regular-Growth 14.5503 0.25 3885.86 - 1.09 Kotak Equity Arbitrage Fund Regular-Growth 27.9749 0.24 16746.62 - 0.98 Click here to view all TMFW (5 Star) >>

Top Mutual Funds (All Ratings) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt ICICI Prudential Long Term Wealth Enhancement Fund Direct - Growth 10.4800 -5.24 42.74 - 0.92 ICICI Prudential Long Term Wealth Enhancement Fund - Growth 10.2600 -5.26 42.74 - 1.38 UTI Long Term Advantage Fund - Series VII Direct - Growth 8.0847 -5.51 227.26 - 1.25 UTI Long Term Advantage Fund - Series VII Regular - Growth 7.8526 -5.51 227.26 - 1.25 UTI Long Term Advantage Fund - Series VI Direct - Growth 7.7359 -5.58 344.68 - 1.25 Click here to view all TMF ( All Ratings) >>

QUICK LINKS - MUTUAL FUND STATS 3 Best Funds- Category Wise Top Tax Saving Schemes Schemes with Lowest Expense Ratio Top Performing Schemes Latest Dividends Schemes with Highest Risk Adjusted Returns Top Star Rated Schemes AUM Monitor Category Performance Exchange traded funds

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