Banking sector mutual funds are offering 21% in one month. Should you invest?

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THE ECONOMIC TIMES Fri, Jun 26, 2020 | 08:10 AM IST Mutual Funds Newsletter

Banking sector mutual funds are offering 21% in one month. Should you invest? Banking sector funds have surprised investors in the last one month. The category has offered 21.38% returns in one month. It is indeed surprising because the banking sector has suffered a lot in the last one year. Nivesh Lakshya Fund is timing and interest-rate agnostic, says Prashant Pimple of Nippon India MF Nippon India Nivesh Laksya Fund has caught the imagination of many individual investors. Many of them want to know the details of this long-term gilt fund. Most mutual fund advisors ask their clients to stay way from long-term debt funds, as these schemes are extremely sensitive to interest rate changes and one has to time the entry and exit in them to maximise returns. Gold: The new currency? It's not very long before paper receipts with gold in storage were used as currencies. This era was known as a "The Gold standard". Equity funds are giving double-digit returns; is it time to party? Disproving many doomsday predictions, equity mutual funds have made impressive double-digit returns in the last one-month and three-month horizons. Time to increase allocation to mid/small cap funds, says Pankaj Tibrewal of Kotak Mutual Fund "If there is no financial exigency, one must continue with their SIP/STP right now to take advantage of lower market valuations and get the benefit of rupee cost averaging. To create wealth in the long-term, now is the time to take advantage of this situation." Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 9.99 -2.83 -10.48 8.65 Invest Now Axis Bluechip Fund-Growth ★★★★★ 8.54 -3.99 -11.05 8.52 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 7.79 0.22 -7.01 10.80 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 6.48 -1.14 -7.69 10.57 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 4.40 -11.47 -16.05 13.70 Invest Now FeaturedL&T Tax Advantage Fund Direct-Growth ★★★★★ -0.88 -11.30 -13.58 12.17 Invest Now This lazy investing style could really be the smartest An index fund, a relatively boring and lacklustre instrument, had beaten a hedge fund. Best banking & PSU funds to invest in 2020 Most mutual fund advisors are asking risk-averse investors to consider investing in relatively-safer banking & PSU funds these days.

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New Fund Offers Fund Name Category Type Open Close Min Inv HSBC Focused Equity Fund Direct-D Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 HSBC Focused Equity Fund Reg-G Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 HSBC Focused Equity Fund Reg-D Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 HSBC Focused Equity Fund Direct-G Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Canara Robeco Gilt Reg-D Debt: Gilt Open-ended 26 Jun 2020 0.50 ICICI Pru Long Term Equity (Tax Saving)-D Equity: ELSS Open-ended 26 Jun 2020 0.50 IDFC Bond Income Reg-DQ Debt: Medium to Long Duration Open-ended 26 Jun 2020 0.67 IDFC GSF Constant Maturity Reg-DQ Debt: Gilt with 10 year Constant Duration Open-ended 26 Jun 2020 0.69 Canara Robeco Income Reg-DQ Debt: Medium to Long Duration Open-ended 26 Jun 2020 0.25 * 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 18-06-2020 2522.08 1738.64 783.44 10646.44 7255.83 3390.61 17-06-2020 2752.16 2671.38 80.78 8748.37 5046.42 3701.95 16-06-2020 3000.80 2473.45 527.35 7526.13 5112.71 2413.42 15-06-2020 2544.51 1973.35 571.16 8381.96 4619.55 3762.41 12-06-2020 3785.50 2301.90 1483.60 9047.46 5426.41 3621.05 11-06-2020 2256.66 2634.23 -377.57 7469.89 5052.29 2417.60 10-06-2020 2629.59 2058.01 571.58 9658.85 5635.79 4023.06 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 Mirae Asset Emerging Bluechip Fund Direct-Growth 55.4700 3.32 9341.51 - 0.86 Mirae Asset Emerging Bluechip Fund Regular-Growth 51.7970 3.29 9341.51 - 1.87 Mirae Asset Tax Saver Fund Direct-Growth 17.8590 3.27 3164.03 - 0.45 SBI Small Cap Fund Direct-Growth 53.1915 3.15 3304.80 - 0.92 SBI Small Cap Fund-Growth 48.8989 3.12 3304.80 - 2.24 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 SBI Long Term Advantage Fund Series IV Direct - Growth 13.2453 4.92 164.19 - 0.88 IDBI Equity Advantage Fund Direct-Growth 26.4900 4.91 539.00 - 1.19 SBI Long Term Advantage Fund Series IV Regular - Growth 12.9094 4.91 164.19 - 1.38 IDBI Equity Advantage Fund Regular-Growth 24.4600 4.89 539.00 - 2.39 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct - Growth 6.1003 4.48 36.50 - 1.11 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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