Debt mutual fund investors should continue to prioritize safety and liquidity: Arvind Chari of Quantum Mutual Fund

THE ECONOMIC TIMES Fri, Aug 09, 2019 | 08:11 AM IST Mutual Funds Newsletter

Debt mutual fund investors should continue to prioritize safety and liquidity: Arvind Chari of Quantum Mutual Fund The Monetary Policy Committee of the RBI decided to cut the repo rate by 35 bps to 5.4 per cent as against consensus market expectations of 25 bps RBI likely to cut rates; is it time to change your debt mutual fund strategy? While some fund managers are waiting for the advisory, others believe that the room for more rate cuts has opened for RBI. Overnight schemes are effectively zero-risk products, says Anju Chhajer, senior fund manager, Reliance Nippon AMC Investors have taken refuge in bank deposits, while some are shifting to overnight funds in search of safety of their short-term investments. Can you base your buy and sell decision on P/E ratio of mutual funds? Price to earnings ratio or P/E ratio is a widely used tool to choose stocks with attractive valuations. 'You should consider SIP in debt mutual funds,' says Swarup Mohanty, CEO, Mirae Asset Swarup Mohanty asked investors to avoid committing the common mistake of investing only in equities. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -0.98 6.53 2.62 14.17 Axis Bluechip Fund-Growth -1.09 5.88 1.29 12.73 Sundaram Select Focus Fund Institutional-Growth -3.17 5.22 -0.42 11.71 Mirae Asset Large Cap Fund Direct- Growth -3.74 2.64 -0.09 11.51 Mirae Asset Large Cap Fund Regular- Growth -3.83 2.09 -1.14 10.57 FeaturedDSP Bond Direct-Growth ★★★★★ 1.38 1.19 2.63 5.52 Start SIP Here's what prominent debt fund managers say about RBI policy With today's rate action, we have seen a cumulative rate reduction of 110 bps, and it is imperative to see this impact percolate to the real sector. RBI cuts rates by 35 bps; is it time to shift to long-term debt mutual funds? The central bank maintained its accommodative monetary stance and retained the inflation outlook.

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 ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 DHFL Pramerica Overnight Fund Reg-G Debt: Overnight Open-ended 12 Aug 26 Aug 100.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit DSP Tax Saver-D Equity: ELSS Open-ended 09 Aug 2019 0.35 Kotak Equity Savings Reg-DM Hybrid: Equity Savings Open-ended 13 Aug 2019 0.04 Kotak Equity Savings Direct-DM Hybrid: Equity Savings Open-ended 13 Aug 2019 0.05 ICICI Pru FMP Series 79 1140D Plan D-D Debt: FMP Closed-end 13 Aug 2019 - ICICI Pru FMP Series 79 1140D Plan D Direct-D Debt: FMP Closed-end 13 Aug 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 31-07-2019 5238.13 2340.55 2897.58 12437.20 10674.04 1763.16 30-07-2019 4342.32 3150.20 1192.12 7317.43 5640.70 1676.73 29-07-2019 3759.50 2440.78 1318.72 11303.73 8815.20 2488.53 26-07-2019 2956.78 1240.77 1716.01 7476.33 4777.51 2698.82 25-07-2019 4639.94 5809.61 -1169.67 10334.92 8648.52 1686.40 24-07-2019 4643.44 2538.69 2104.75 7641.49 6507.04 1134.45 23-07-2019 3837.15 2157.68 1679.47 7005.12 5446.00 1559.12 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 ICICI Prudential Regular Gold Savings Fund-Growth 12.5658 8.07 49.27 - - 0.40 Kotak Gold Fund Direct-Growth 15.9816 7.86 134.89 - - 0.56 JM Core 11 Direct Plan-Growth 9.2039 1.85 48.68 - 2.22 Motilal Oswal Long Term Equity Fund Direct-Growth 17.3998 1.52 1359.57 - 0.78 Motilal Oswal Long Term Equity Fund Regular-Growth 16.3608 1.49 1359.57 - 2.21 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 BOI AXA Midcap Tax Fund Series 1 Regular - Growth 7.9700 2.18 81.38 - 2.80 BOI AXA Midcap Tax Fund Series 1 Direct - Growth 8.0700 2.15 81.38 - 2.00 IDBI Equity Advantage Fund Direct-Growth 26.6900 2.14 585.72 - 0.85 IDBI Equity Advantage Fund Regular-Growth 24.9100 2.13 585.72 - 2.35 BOI AXA Tax Advantage Eco-Growth 51.2300 1.95 226.07 - 2.68 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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