RBI's rate cut balm for a virus-hit economy

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THE ECONOMIC TIMESDaily Newsletter Fri, May 22, 2020 | 05:11 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day RBI announces a 40 bps rate cut, 3 month extension of loan moratorium The RBI has projected negative growth with a pick up in growth impulses in second half.... RBI's rate cut balm comes with a dire warning Cheque number 5 for Mukesh Ambani's Jio India plans scrutiny of new portfolio investors from China, Hong Kong Lenders fret, borrowers welcome moratorium Indian economy to contract in FY21, says Moody's CISCE board to conduct pending class 10, 12 exams from July 1-14 Harsh Vardhan takes charge as WHO Executive Board chairman

Debate This Is India's startup story over for good? Once the job market's darlings, startups are now turning into toxic liabilities. Covid-19 has shaken the façade of confidence that ignored the reality of mounting losses and topline stagnation. Post Covid there may be no coming back for India's startups. Agree?

SENSEX 30672.59 -260.31 NIFTY 50 9039.25 -67.00 USD/INR 75.96 0.34

Top Gainers NSE 1 company (largecap) appreciated more than 5% Zee Ent. 6.04% More from Gainers Top Losers NSE 7 companies (largecap) price decreased more than -5% M&M Financial -6.42% Shriram Tran Fin -5.90% More from Losers

More From our Partners Recorded Session: ETMarkets Investor Conference - Wealth Creation Opportunity Post Covid-19 Crisis

RBI's 6-month EMI pause. Here's what it will mean for you The earlier deadline of three-month EMI moratorium was ending at May 31, 2020. ... The cost of availing loan EMI holiday extension Why only 5% investors make all the money Pakistani passenger plane crashes near Karachi Current account may turn surplus in FY21 Deposits rise over Rs 2.8 lakh cr amid lockdown Creating close to 50,000 seasonal jobs: Amazon Nissan considering 20,000 job cuts PM announces relief of Rs 1,000 cr to Bengal No annual growth target for virus-hit China All about Hong Kong's controversial security law Netflix to cancel inactive users' subscriptions

Top Slideshow How the virus discriminates Top Video Loan moratorium, other RBI announcements

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How safe is your liquid fund?

THE ECONOMIC TIMES Fri, May 22, 2020 | 08:14 AM IST Mutual Funds Newsletter

How safe is your liquid fund? Liquid funds or any other fund which is meant for short term goals ideally should avoid taking excessive credit or liquidity risk. The latest debacle shows that some debt funds have not fulfilled this basic requirement and took undue credit risk. Franklin Templeton Mutual Fund sees outflows in debt schemes in April; equity investors stay put Franklin Templeton Mutual Fund has seen large outflows in its debt mutual fund portfolio in April, the AUM data of the fund house shows. Lockdown, weak investor sentiment impact mutual fund NFOs So far in 2020, draft documents for 20 NFOs have been submitted with the Securities and Exchange Board of India (Sebi). Mutual fund advisors closely monitoring debt investments of clients; suggest quick remedies Mutual fund advisors are playing it safe and keeping a close watch on the debt mutual fund space to avoid any nasty surprises like the Franklin Templeton episode. Mutual fund honchos on PM's Rs 20-lakh-crore economic package, self-reliance plank The Rs 20-lakh-crore package got everyone's attention immediately, even though most stakeholders are waiting for the details from the finance minister later today. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 8.38 -7.83 -15.16 0.49 Invest Now Axis Bluechip Fund-Growth ★★★★★ 6.94 -8.95 -15.67 0.34 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 4.70 -7.04 -13.85 0.99 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 3.46 -8.24 -14.40 0.84 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 1.80 -15.65 -19.74 0.98 FeaturedICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth ★★★★★ -1.59 -20.00 -20.76 1.41 Invest Now TDS cut to benefit investors in equity mutual fund dividend plans The lower rates will come into effect from May 14 and include deductions on dividend, interest, professional fees and brokerage. Investors turn cautious, start betting on large cap mutual funds Are mutual fund investors becoming too cautious? Inflows into equity mutual fund schemes in April point to this direction.

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

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Equity Arbitrage-D Hybrid: Arbitrage Open-ended 22 May 2020 0.12 ICICI Pru Bond-DQ Debt: Medium to Long Duration Open-ended 22 May 2020 0.21 Aditya Birla SL Arbitrage-D Hybrid: Arbitrage Open-ended 22 May 2020 0.05 ICICI Pru Bond Direct-DQ Debt: Medium to Long Duration Open-ended 22 May 2020 0.23 ICICI Pru Equity Arbitrage Direct-D Hybrid: Arbitrage Open-ended 22 May 2020 0.12 * 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 19-05-2020 2151.32 1445.35 705.97 4675.88 3727.69 948.19 18-05-2020 3245.42 3464.25 -218.83 8060.88 6805.66 1255.22 15-05-2020 2489.95 1589.57 900.38 7586.45 5723.34 1863.11 14-05-2020 3039.68 2689.22 350.46 8475.98 5304.77 3171.21 13-05-2020 3542.28 3737.20 -194.92 8817.22 5843.52 2973.70 12-05-2020 4185.74 4464.28 -278.54 8242.35 5854.89 2387.46 11-05-2020 2763.23 3781.45 -1018.22 5155.83 10666.93 -5511.10 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 Parag Parikh Long Term Equity Fund Direct-Growth 25.3109 1.80 2721.94 - 1.15 Parag Parikh Long Term Equity Fund Regular-Growth 24.2894 1.78 2721.94 - 2.09 Kotak Low Duration Fund Direct-Growth 2613.7087 0.68 6748.99 - - 0.33 DSP Corporate Bond Fund Direct - Growth 12.0822 0.66 1106.24 - - 0.23 Kotak Credit Risk Fund Direct-Growth 23.2146 0.66 5104.05 - - 0.76 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 Quant Tax Plan Direct-Growth 84.3904 2.05 9.55 - 0.57 Quant Tax Plan-Growth 81.5992 2.01 9.55 - 2.48 ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth 323.0300 1.16 6282.11 - 1.40 ICICI Prudential Long Term Equity Fund (Tax Saving)- Growth 301.3000 1.14 6282.11 - 1.94 Essel Long Term Advantage Fund Direct-Growth 12.0721 0.24 56.57 - 0.83 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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