Debt mutual funds take a tumble as DHFL slips on payment

THE ECONOMIC TIMES Fri, Jun 07, 2019 | 08:11 AM IST Mutual Funds Newsletter

Debt mutual funds take a tumble as DHFL slips on payment DHFL Pramerica Medium Term Fund, with assets of Rs 35 crore, saw its NAV plunge 52.99 per cent. RBI cuts repo rate by 25 bps; what should debt mutual fund investors do? A rate cut is a huge positive for debt mutual funds, especially long-term debt mutual funds. What does RBI's 'accommodative' stance mean for debt mutual fund investors? The banking regulator cut its key policy rate, repo rate, by 25 basis points in its policy review on Thursday. There is room for 50-100 bps rate cut. Should debt mutual fund investors change their strategy? Fund managers say that there are many positive factors that may prompt RBI to cut rates twice this year. Long duration bond mutual funds are offering highest returns in one year. Is it time to invest? For a long time, mutual fund managers cautioned the investors against investing in these schemes. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset Large Cap Fund Direct- Growth 2.42 11.81 12.61 16.98 Reliance Large Cap Fund Direct-Growth 1.60 11.80 12.99 16.87 JM Core 11 Direct Plan-Growth 2.84 14.21 7.77 16.63 Axis Bluechip Fund Direct Plan-Growth 4.78 13.48 12.84 16.62 Mirae Asset Large Cap Fund Regular- Growth 2.32 11.18 11.48 16.02 FeaturedMotilal Oswal Focused 25 Fund Direct-Growth ★★★★★ 3.90 10.19 5.62 14.21 Start SIP Best mutual funds to invest in 2019 Our list of top mutual fund schemes that you may consider to invest in 2019. Infrastructure mutual funds offered 62% in 2014 when Modi won. Will they repeat the performance? All the 21 funds in the category were positive, and the lowest return offered by the category was 23 per cent in 2014.

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 ICICI Pru MNC Fund Direct-D Equity: Thematic-MNC Open-ended 28 May 11 Jun 5000.00 ICICI Pru MNC Fund-G Equity: Thematic-MNC Open-ended 28 May 11 Jun 5000.00 ICICI Pru MNC Fund Direct-G Equity: Thematic-MNC Open-ended 28 May 11 Jun 5000.00 ICICI Pru MNC Fund-D Equity: Thematic-MNC Open-ended 28 May 11 Jun 5000.00 SBI Capital Protection Oriented Fund - Series A (Plan 4) Direct-G Hybrid: Conservative Hybrid Closed-end 04 Jun 18 Jun 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Reliance Q Interval Series III Retail-D Debt: FMP Open-ended 07 Jun 2019 0.00 Reliance Q Interval Series III Inst-D Debt: FMP Open-ended 07 Jun 2019 0.00 Reliance Q Interval Series III Direct-D Debt: FMP Open-ended 07 Jun 2019 0.00 Reliance FHF XXX Series 3 Reg-D Debt: FMP Closed-end 10 Jun 2019 - Reliance FHF XXX Series 3 Direct-D Debt: FMP Closed-end 10 Jun 2019 - * 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 03-06-2019 1760.60 2080.86 -320.26 7911.68 5689.89 2221.79 31-05-2019 2935.87 2382.71 553.16 14756.45 14052.19 704.26 30-05-2019 4858.99 6786.56 -1927.57 12998.25 15201.17 -2202.92 29-05-2019 2140.40 2044.60 95.80 12041.86 8003.08 4038.78 28-05-2019 2959.34 2872.14 87.20 13044.46 8866.69 4177.77 27-05-2019 2830.22 2994.04 -163.82 11762.15 9636.67 2125.48 24-05-2019 2846.58 2656.59 189.99 10727.45 9735.41 992.04 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 Edelweiss Government Securities Fund Direct-Growth 16.4201 1.47 126.60 - - 0.26 Reliance Income Fund Direct-Growth 64.7820 1.40 279.40 - - 0.87 Reliance Gilt Securities Fund Direct-Growth 27.5628 1.32 925.04 - - 0.69 Reliance Gilt Securities Fund Institutional-Growth 26.0565 1.30 925.04 - - 1.59 Reliance Gilt Securities Fund -Growth 25.7970 1.30 925.04 - - 1.59 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 Tax Advantage Fund Series II- Growth 37.5274 0.74 23.23 - 2.94 IDBI Equity Advantage Fund Direct-Growth 27.9400 0.68 600.01 - 0.84 IDBI Equity Advantage Fund Regular-Growth 26.1300 0.62 600.01 - 2.33 SBI Tax Advantage Fund Series III Direct Growth 26.2810 0.22 19.53 - 1.76 SBI Tax Advantage Fund Series III Regular Growth 25.7665 0.21 19.53 - 2.90 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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Falling yields show stocks rally won’t replicate 2014-15 bull run

THE ECONOMIC TIMES Fri, Jun 07, 2019 | 03:45 AM IST ET Investment Opportunities

Falling yields show stocks rally won't replicate 2014-15 bull run Flattening of yield curves has been more pronounced after the general elections. 4 themes that may deliver high returns despite risks If things go in favour of these sectors in the foreseeable future, they can offer high returns. Hot summer is about cool returns on D-Street In last 20 years, the BSE Sensex has ended June with gains on 14 occasions. Market rally won't last if Modi doesn't act fast: Memani The election results were not exactly as we all expected, says Memani.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset Large Cap Fund Direct- Growth 2.42 11.81 12.61 16.98 Reliance Large Cap Fund Direct-Growth 1.60 11.80 12.99 16.87 JM Core 11 Direct Plan-Growth 2.84 14.21 7.77 16.63 Axis Bluechip Fund Direct Plan-Growth 4.78 13.48 12.84 16.62 Mirae Asset Large Cap Fund Regular- Growth 2.32 11.18 11.48 16.02 FeaturedICICI Prudential Savings Fund Direct Plan -Growth ★★★★★ 1.09 4.53 8.80 7.99 Start SIP

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Capex recovery must be first on Modi govt's agenda; here's why Consumption sector has been a key contributor of earnings growth over the past few years. Defaults, downgrades hit debt MFs: What should investors do? It is not the first time credit events have hurt debt funds. The impact is more visible now as the funds have become big. Does this mean you should stay away from these? Crude oil on slippery slope; may find support at $50/barrel Oil mart is sufficiently balanced, hence the fall in the recent weeks is totally justified. How debt default triggers NAV crash After debt-laden mortgage lender DHFL failed to pay on its bonds on Tuesday, the NAVs of several debt funds - including those run by top MFs - crashed.

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Paathshala: All you need to know about liquid MFs The NBFC crisis has brought liquid funds back in favour as they carry lower risk than corporate FDs. Video: Unless there is a global selloff, India will outperform We will see the ongoing hope trade strengthening further and in case there is some positive government action, it will get a boost, said Atul Suri, Marathon Trends-PMS, in an interview with ETNOW.

NFO (FMPs) Fund Name Category Type Open Close Min Inv   ICICI Pru FMP - Series 86 1120 Days Plan F-DH Debt: FMP Closed-end 27 May 2019 10 Jun 2019 5,000 ICICI Pru FMP - Series 86 1120 Days Plan F-DQ Debt: FMP Closed-end 27 May 2019 10 Jun 2019 5,000 ICICI Pru FMP - Series 86 1120 Days Plan F Direct-G Debt: FMP Closed-end 27 May 2019 10 Jun 2019 5,000 ICICI Pru FMP - Series 86 1120 Days Plan F Direct-DH Debt: FMP Closed-end 27 May 2019 10 Jun 2019 5,000 ICICI Pru FMP - Series 86 1120 Days Plan F Direct-DQ Debt: FMP Closed-end 27 May 2019 10 Jun 2019 5,000 More >>

Real Estate News

Setback for Jaypee buyers in plan to shore up votes for NBCC bid The decision will lead to further uncertainty in the resolution process of Jaypee Infratech, the real estate company behind ambitious projects like Wish Town that has fallen into bankruptcy.

Over 70% home buyers will file complaint against builder under RERA for possession delays: Survey As of now, 22 states and six union territories have already notified RERA rules. West Bengal is the only state with its own real estate law - WBHIRA.

NRIs interest in under-construction properties revives post RERA: Housing.com A stronger dollar has renewed NRI interest in India's property markets, the report said, adding that the leads and visits on Housing and Makaan.com have improved by 30-40 per cent from last year.

Home buyers won't lose money for cancelling delayed flats: NCDRC In order to discourage home buyers from cancelling allotment, builders always put stringent clauses in the agreement on forfeiture of a substantial amount deposited by buyers.

What happens to the property of a person who dies without a Will? A Will is a legal document that permits a person, the testator, to make decisions on how his estate will be managed and disposed after his death.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   ICICI Pru MNC Fund Direct-D Equity: Thematic-MNC Open-ended 28 May 2019 11 Jun 2019 5,000 ICICI Pru MNC Fund-G Equity: Thematic-MNC Open-ended 28 May 2019 11 Jun 2019 5,000 ICICI Pru MNC Fund Direct-G Equity: Thematic-MNC Open-ended 28 May 2019 11 Jun 2019 5,000 ICICI Pru MNC Fund-D Equity: Thematic-MNC Open-ended 28 May 2019 11 Jun 2019 5,000 SBI Capital Protection Oriented Fund - Series A (Plan 4) Direct-G Hybrid: Conservative Hybrid Closed-end 04 Jun 2019 18 Jun 2019 5,000 More >>

Views and Recommendations

Buy Asian Paints, target Rs 1,475: JM Financial 06 June, 2019, 06:02 PM IST Asian Paints is a largecap company, operating in paints and pigments sector. Buy Hold Grindwell Norton, target Rs 672: Anand Rathi 06 June, 2019, 05:52 PM IST Grindwell Norton is a midcap company, operating in engineering sector. Hold Buy Timken India, target Rs 830: ICICI Direct 06 June, 2019, 03:17 PM IST Timken India is a midcap company, operating in engineering sector. Buy Accumulate KNR Constructions, target Rs 324: Geojit Financial Services 06 June, 2019, 03:00 PM IST KNR Constructions is a midcap company, operating in construction sector. Accumulate

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