RBI holds rates; What should debt mutual fund investors do?

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THE ECONOMIC TIMES Fri, Aug 14, 2020 | 08:10 AM IST Mutual Funds Newsletter

RBI holds rates; What should debt mutual fund investors do? The Reserve Bank of India held its policy rate in its monetary policy review held today in line with market expectations. 4.82% in 5 years; does it make sense to invest in ELSS funds to save taxes? Some taxpayers are questioning the wisdom behind investing in ELSS mutual funds to save taxes under Section 80C in this financial year. Four shut Franklin schemes hit by defaults Four among the six shuttered debt schemes of Franklin Templeton Mutual fund saw a fall in their Net Asset Values or NAVs after two entities - Nufuture Digital (India) Ltd (NDIL) and Future Ideas Co Ltd (FICL) – defaulted on payments. You still think gold funds are topping the returns charts? Many mutual fund investors cannot stop talking about the 40% returns offered by gold funds in the last one year. They have been asking around about the prospects of gold funds and are all ready to invest in the yellow metal to tide over these uncertain times. Best large cap mutual funds to invest in 2020 There are no changes in the list in August. However, we are putting HDFC Top 100 Fund in the watch list. The scheme has been in the fourth quartile for the last six months. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 11.52 8.08 -8.02 3.90 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 10.29 16.61 -2.89 5.33 Invest Now Axis Bluechip Fund-Growth ★★★★★ 10.07 6.78 -8.60 3.78 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 8.94 14.98 -3.62 5.18 HDFC Index Sensex Fund-Growth ★★★★★ 7.68 3.97 -7.22 4.51 Select midcaps will emerge stronger, says Neelesh Surana of Mirae Asset The returns of the fund have been about 5x in 10 years -- our optimism sustains, and we continue to be resolute in our faith in India's growth prospects. Does it still make sense to invest in gold? Since gold has delivered very high returns than other asset classes, it has been gaining a lot of traction among investors.

TERM OF THE WEEK 52 Week High Low Prices of commodities, securities and stocks fluctuate frequently, recording highest and l... read more

New Fund Offers Fund Name Category Type Open Close Min Inv Nippon India Multi Asset Fund Reg-G Hybrid: Multi Asset Allocation Open-ended 07 Aug 21 Aug 5000.00 Nippon India Multi Asset Fund Reg-D Hybrid: Multi Asset Allocation Open-ended 07 Aug 21 Aug 5000.00 Nippon India Multi Asset Fund Direct-D Hybrid: Multi Asset Allocation Open-ended 07 Aug 21 Aug 5000.00 Nippon India Multi Asset Fund Direct-G Hybrid: Multi Asset Allocation Open-ended 07 Aug 21 Aug 5000.00 HDFC Banking ETF Reg-G Equity: Sectoral-Banking Open-ended 10 Aug 14 Aug 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Bond-DQ Debt: Medium to Long Duration Open-ended 17 Aug 2020 0.32 ICICI Pru Medium Term Bond-DQ Debt: Medium Duration Open-ended 17 Aug 2020 0.52 ICICI Pru All Seasons Bond-DQ Debt: Dynamic Bond Open-ended 17 Aug 2020 0.48 ICICI Pru Medium Term Bond Direct-DQ Debt: Medium Duration Open-ended 17 Aug 2020 0.57 ICICI Pru Bond Direct-DQ Debt: Medium to Long Duration Open-ended 17 Aug 2020 0.34 * 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 07-08-2020 39.96 105.78 -65.82 100.00 621.07 -521.07 06-08-2020 1821.09 2341.52 -520.43 7723.25 7672.76 50.49 05-08-2020 1974.23 2638.19 -663.96 6374.48 4406.47 1968.01 04-08-2020 2329.70 3142.20 -812.50 6377.81 4860.90 1516.91 03-08-2020 3599.89 3335.02 264.87 6607.84 6427.53 180.31 31-07-2020 3123.99 2900.44 223.55 6229.00 4507.07 1721.93 30-07-2020 4886.16 6400.98 -1514.82 9386.97 10282.26 -895.29 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 SBI Small Cap Fund Direct-Growth 60.7092 5.22 3336.17 - 0.89 SBI Small Cap Fund-Growth 55.7195 5.20 3336.17 - 2.21 BOI AXA Manufacturing & Infrastructure Fund-Growth 16.2000 4.11 33.55 - 2.49 BOI AXA Manufacturing & Infrastructure Direct-Growth 17.7400 4.11 33.55 - 1.24 Invesco India Infrastructure Fund Direct-Growth 19.4500 3.18 36.72 - 1.31 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series III Direct-Growth 8.5266 5.20 58.89 - 1.20 Sundaram Long Term Micro Cap Tax Advantage Fund Series III Regular-Growth 8.3504 5.20 58.89 - 1.41 Sundaram Long Term Micro Cap Tax Advantage Fund Series V Direct - Growth 7.0516 5.07 31.56 - 1.07 Sundaram Long Term Micro Cap Tax Advantage Fund Series V Regular - Growth 6.9351 5.07 31.56 - 1.39 Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Regular - Growth 7.1030 5.03 30.73 - 1.39 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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13 Covid-negative businesses double profit in Q1, Street rewarding them

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THE ECONOMIC TIMES Fri, Aug 14, 2020 | 08:05 AM IST ET Investment Opportunities

13 Covid-negative businesses double profit in Q1, Street rewarding them April-June quarter earnings show several businesses from across sectors such as FMCG, agriculture, pharmaceutical, IT and e-commerce remained unscathed by the business disruption. Everyone is bullish and sees value in this stock. But no one wants to buy it In the publicly available Reuters Eikon database, the stock had 23 'buy', 17 'outperform', five 'hold', one 'underperform' and one 'sell' ratings for the stock as of July 30. Ridham Desai is super-bullish on these 3 sectors for next 3-4 years A lot of financial services which were non-bank financial services will do quite well over the next few years.' 10 Indian stocks created more wealth than GDP of 140 nations! The 10 index stocks swelled their combined market value by Rs 17.76 lakh crore, which at the current rupee-dollar exchange rate of 74.8 would equal $237 billion.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 3.90 -8.02 8.08 11.52 Canara Robeco Bluechip Equity Fund Direct-Growth 5.33 -2.89 16.61 10.29 Axis Bluechip Fund-Growth 3.78 -8.60 6.78 10.07 Canara Robeco Bluechip Equity Fund Regular-Growth 5.18 -3.62 14.98 8.94 HDFC Index Sensex Fund-Growth 4.51 -7.22 3.97 7.68

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As Buffett starts buying stocks, analysts wonder if they should go bottom-up BSE Sensex is up 45 per cent from its March low. Marketmen say while the domestic indices look richly valued at this point, there do exist pockets of stocks with reasonable valuations. Where to invest in a high-valuation market? Each and every stock in the Sensex pack has delivered solid returns to investors in last four months. Why it makes sense to buy index funds Financial planners believe index funds merit allocation given their low costs, no fund manager bias and poor alpha generation ability of active fund managers. 10% risk-free rate! HNIs find a goldmine The rate of return has hit an annual 10 per cent, from an average 7- 8 per cent, amid the commodity's astounding 32 per cent rise last month.

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What's in a name? It can give a stock 400% leap While Bharat Biotech is competing to develop India's first vaccine for the pandemic, shares of a little-known state-owned company — Bharat Immunological and Biological Corporation — have rallied nearly 440 per cent since April 1. 12 stocks that are flashing BUY signals on tech charts Of late, the stock market bears have tightened their grip on Dalal Street, and analysts believe the index is likely to stay vulnerable and hence recommend a highly stock approach to the market. "Avoid aggressive longs unless Nifty takes out the 11,300-11,350 zone on a closing basis. Until that happens, we will find the index vulnerable at higher levels. A highly focused and stock-specific approach is advised for the day," said Milan Vaishnav, CMT, MSTA is a Consultant Technical Analyst and founder of Gemstone Equity Research & Advisory Services.

Real Estate News

Prime residential area in Thane with multi-storey apartments Properties in Ghodbunder Road, Mumbai are priced between Rs 7,000 and Rs 12,600, per sq ft. A 1-BHK (620 sq ft) costs an average of Rs 57 lakh and a 3-BHK (1,410 sq ft) costs around Rs 1.5 crore.

12 years after launch, a ray of hope for habitat centre buyers The project was sold to some 2,000 allottees but only 300 of them were handed over shops and commercial spaces subsequently. In 2019, Diamond Traexim, a financial lender, raised an insolvency bid against IHC to recover a debt of Rs 16 crore.

Noida: Pay service tax with dues, Amrapali buyers told Buyers, however, have argued they be charged GST instead. They have written to the court receiver, urging that they be charged the prevailing GST at the rate of 1-5% for flats in the affordable category.

At Jaypee Wish Town, registrations can now begin for completed flats The letter inviting registration of flats also includes guidelines to be observed as precautions for Covid-19. According to the guidelines, only the allottee and co-allottee are to be present for the registration formalities in Sector 128 office.

Rs 5 crore to Rs 12 crore luxury homes fly off the shelf in Hyderabad Hyderabad sold about 100 premier units between April and June, while the overall residential sales dropped to a decadal low during this period - to a dismal 974 units, as per latest market reports. In 2019, the city sold over 4,000 houses during the April to June period.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Nippon India Multi Asset Fund Reg-G Hybrid: Multi Asset Allocation Open-ended 07 Aug 2020 21 Aug 2020 5,000 Nippon India Multi Asset Fund Reg-D Hybrid: Multi Asset Allocation Open-ended 07 Aug 2020 21 Aug 2020 5,000 Nippon India Multi Asset Fund Direct-D Hybrid: Multi Asset Allocation Open-ended 07 Aug 2020 21 Aug 2020 5,000 Nippon India Multi Asset Fund Direct-G Hybrid: Multi Asset Allocation Open-ended 07 Aug 2020 21 Aug 2020 5,000 HDFC Banking ETF Reg-G Equity: Sectoral-Banking Open-ended 10 Aug 2020 14 Aug 2020 5,000 More >>

Views and Recommendations

Buy Capacite Infraprojects, target price Rs 147: Yes Securities 13 August, 2020, 10:31 AM IST Capacite Infraprojects Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 732.89 Crore) operating in Construction sector. Buy Buy ISGEC Heavy Engineering, target price Rs 330: ICICI Securities 13 August, 2020, 10:31 AM IST ISGEC Heavy Engineering Ltd., incorporated in the year 1933, is a Mid Cap company (having a market cap of Rs 2942.28 Crore) operating in Engineering sector. Buy Buy Galaxy Surfactants, target price Rs 2021: ICICI Securities 13 August, 2020, 10:31 AM IST Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 6456.31 Crore) operating in Chemicals sector. Buy Sell WABCO India, target price Rs 3308: ICICI Securities 13 August, 2020, 10:31 AM IST WABCO India Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 13277.31 Crore) operating in Auto Ancillaries sector. Sell

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