Are investors losing faith in mutual funds?

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

Are investors losing faith in mutual funds? Mutual funds sahi hai? This is one of the jokes doing the rounds after the latest Amfi data showed that investors are selling their mutual fund investments in a big way. If we are able to get process right, performance will take care of itself, says Jinesh Gopani of Axis MF Since our inception in 2009, the core philosophy of the investment process has been a steadfast adherence to quality. We at Axis, have always remained true to our investment strategy, says Jinesh Gopani. All investment decisions were made after appropriate due diligence, says Santosh Kamath of Franklin Templeton Why did Santosh Kamat, MD and CIO, India fixed income, Franklin Templeton Mutual Fund, invest in long-term papers when some of funds are meant for very short-term horizon of a few months to a year? Why did he lend large sums to a few companies? Are MNC funds a safe bet in the current scenario? MNC Funds or mutual fund schemes that invest mostly in multinational companies are gaining currency these days. MNCs are always bankable, especially in the current bleak economic scenario due to the pandemic. Value funds have the ability to outperform, says Daylynn Pinto, fund manager, IDFC Sterling Value Fund A look at some of the value schemes in the last one to three months indicate that the category may be on its way back to form. Shvani Bazaz of ETMutualFunds.com spoke to Daylynn Pinto, Senior Fund Manager-Equity, IDFC Asset Management Company, to find out the prospects of value category. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.98 2.69 -6.79 5.95 Invest Now Axis Bluechip Fund-Growth ★★★★★ 9.51 1.47 -7.37 5.81 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 8.91 5.63 -4.12 6.15 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 7.59 4.24 -4.78 6.02 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 6.08 -4.66 -11.14 8.56 Invest Now FeaturedICICI Prudential Corporate Bond Fund Direct Plan -Growth ★★★★★ 8.93 11.99 6.94 2.18 Invest Now Equity fund inflows fell sharply in June, shows Amfi data Economic disruptions caused by the Covid pandemic seem to have started impacting the mutual fund industry. Extended lockdowns, job loss and pay cuts have adversely impacted the inflows into various mutual fund categories, shows data from Association o mutual funds in India or Amfi. Gold near Rs 50,000. Does it make sense to invest now? While global uncertainties may be keeping gold up at the moment, its formidable track record makes a strong case for investments in gold, say fund managers.

TERM OF THE WEEK Affordable Housing Affordable housing refers to housing units that are affordable by that section of society ... read more

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 Mirae Asset Banking And PSU Debt Fund Reg-G Debt: Banking and PSU Open-ended 08 Jul 20 Jul 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Nippon India Balanced Advantage-D Hybrid: Dynamic Asset Allocation Open-ended 13 Jul 2020 0.15 Nippon India Balanced Advantage Direct-D Hybrid: Dynamic Asset Allocation Open-ended 13 Jul 2020 0.15 Nippon India FHF XXXIII - Series 3 Reg-D Debt: FMP Closed-end 13 Jul 2020 - Nippon India Dual Advantage FTF XI - Plan B Reg-D Hybrid: Conservative Hybrid Closed-end 13 Jul 2020 - Nippon India Dual Advantage FTF XI - Plan B Direct-D Hybrid: Conservative Hybrid Closed-end 13 Jul 2020 - * 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 03-07-2020 1620.99 2435.82 -814.83 8987.69 4426.29 4561.40 02-07-2020 3492.89 3037.47 455.42 7478.50 7235.09 243.41 01-07-2020 2554.65 1447.94 1106.71 6909.68 5640.11 1269.57 30-06-2020 3945.18 1984.78 1960.40 8098.78 6319.12 1779.66 29-06-2020 3370.42 1934.42 1436.00 8293.94 6720.56 1573.38 26-06-2020 2912.43 2198.27 714.16 6935.31 6604.15 331.16 25-06-2020 8956.41 10990.62 -2034.21 6570.42 5501.88 1068.54 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 29.5734 3.37 3036.15 - 1.13 Parag Parikh Long Term Equity Fund Regular-Growth 28.3438 3.35 3036.15 - 2.19 SBI Banking & Financial Services Fund Direct-Growth 16.5730 3.22 1206.91 - 1.16 SBI Banking & Financial Services Fund Regular-Growth 15.7232 3.19 1206.91 - 2.41 Axis Small Cap Fund Direct-Growth 31.3400 3.02 2124.83 - 0.31 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 13.8439 4.20 133.55 - 0.88 SBI Long Term Advantage Fund Series IV Regular - Growth 13.4903 4.19 133.55 - 1.38 SBI Tax Advantage Fund Series II- Growth 39.8455 3.63 22.25 - 1.46 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Regular - Growth 6.1284 3.60 27.22 - 1.39 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct - Growth 6.3472 3.60 27.22 - 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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Make sure your portfolio has these 3 types of Covid-proof stocks

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THE ECONOMIC TIMES Fri, Jul 10, 2020 | 07:46 AM IST ET Investment Opportunities

Make sure your portfolio has these 3 types of Covid-proof stocks 'Risk appetite is rising globally and a big crack is not around the corner.' Stocks that defied gravity to rally up to 1,600% in 6 months Year to date, the indices are down 15 per cent, thanks mainly to the Covid-19 disruption. Midcap & smallcaps readying to rally; ICICI Sec picks 6 top bets On a year-to-date basis, the BSE Midcap index is down 13 per cent and Smallcap index 9 per cent. Half of Nifty50 stocks trade at discounts to 10-year averages Nomura India said consensus Nifty50 earnings estimates for FY21 are down 27 per cent.

Advertorial This online program can improve your career sitting at home Here is an opportunity to take your career to another level Advertorial How NGOs helped vulnerable groups wage war against Covid19 Battling livelihood for underserved communities during Covid19

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 5.95 -6.79 2.69 10.98 Axis Bluechip Fund-Growth 5.81 -7.37 1.47 9.51 Canara Robeco Bluechip Equity Fund Direct-Growth 6.15 -4.12 5.63 8.91 Canara Robeco Bluechip Equity Fund Regular-Growth 6.02 -4.78 4.24 7.59 HDFC Index Sensex Fund-Growth 8.56 -11.14 -4.66 6.08 FeaturedAditya Birla Sun Life Tax Relief 96 Direct-Growth ★★★★★ 6.61 -6.17 1.38 4.06 Start SIP

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Gold one of the safest bets for next 5 years: Julius Baer 'Gold could continue to give about 6% or 7% per year in dollar terms' PMSes deliver over 50% return for Q1; few high-profile ones lag Data showed at least 169 strategies managed to deliver positive returns to clients. 10 stocks that analysts say can offer solid returns over next 2-3 weeks The domestic markets extended their stellar rally to the fourth straight session on Monday, with NSE barometer Nifty reclaiming the 10,800 mark. However, analysts are advising to adopt a cautious approach in the market. "In the current technical setup, we strongly recommend avoiding any major exposure and adopting a highly selective and stock-specific approach," said Milan Vaishnav, CMT, MSTA is a Consultant Technical Analyst and founder of Gemstone Equity Research & Advisory Services. Here are 10 stocks that can offer solid returns over the next 2-3 weeks: Stocks not rising for nothing! You can indeed invest for long term India has consistently run current account deficits over the past several years.

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View: This is a trading market; participate only on a selective basis 'Volatility remains a cause of concern in the short term' After 150% rally, an unlisted co tops m-caps of HUL, HDFC Bank The stock price almost doubled during the lockdown period, rising from Rs 575-600.

Real Estate News

50% of unsold residential inventory faces high execution risk The supply side of the market was struggling even before the pandemic had set in. Taking a turn for the worse, COVID-19 and the nationwide lockdown has affected the demand side of the market which is the buyer's sentiment.

Covid impact: Realtors look at new trends among home buyers "What has happened is that the pandemic has opened up a lot of opportunities for developers and the people. Customers have understood the necessity of a home and for developers it has opened up, if not luxury, budget segment residences", Akshaya Homes Ltd founder T Chitty Babu told.

Property registrations in Delhi-NCR dip by 68% More property sales were recorded in May, when some lockdown measures were eased, but the total number of registrations in Delhi-NCR stood at 85% below the level in the year-ago month. In Ghaziabad, registrations were down by 93%.

Office leasing slips 73% to 3.72 mn sq ft in April-June: Report Net absorption of commercial real estate across top 8 cities declined over 73% from a year ago and 49.5% on-quarter to 3.72 million sq ft during the quarter as fresh transaction activity remained muted, showed data from Cushman & Wakefield.

Realty on recovery path: Magicbricks' Q2 Propindex The volume of active listing of properties on Magicbricks website, too, fell 42.5 per cent during April-June 2020 from the first quarter of this calendar year, it said in a report.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   HSBC Focused Equity Fund Direct-D Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 HSBC Focused Equity Fund Reg-G Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 HSBC Focused Equity Fund Reg-D Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 HSBC Focused Equity Fund Direct-G Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 Mirae Asset Banking And PSU Debt Fund Reg-G Debt: Banking and PSU Open-ended 08 Jul 2020 20 Jul 2020 5,000 More >>

Views and Recommendations

Buy Lupin, target price Rs 1,040: Nomura 09 July, 2020, 01:57 PM IST In FY21F the company is also likely to incur one-time additional expenses of $10 million related to the recall of Metformin extended-release tablets from the US market. Buy Buy Mahindra & Mahindra, target price Rs 583: Sharekhan 09 July, 2020, 01:40 PM IST As an agri-theme play, Mahindra & Mahindra is one of Sharekhan's preferred picks. Buy Accumulate PI Industries, target price Rs 1,889: Angel Broking 09 July, 2020, 01:23 PM IST The management has provided strong growth guidance for FY2021 despite uncertainties over the Covid-19 situation. Accumulate Accumulate Swaraj Engines, target price Rs 1,566 09 July, 2020, 01:18 PM IST The company has a healthy balance sheet along with free cash flow and higher profitability. Accumulate

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