Poor performance, rumours hit balanced advantage funds

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THE ECONOMIC TIMES Fri, Jun 12, 2020 | 12:46 PM IST Mutual Funds Newsletter

Poor performance, rumours hit balanced advantage funds Balanced Advantage Funds have seen an outflow of Rs 401.45 crore in May. Some financial planners say investors may be pulling out money because they have been disappointed by the performance of these schemes lately. "New love for international funds is related to disappointment with Indian equities" Many individual investors have developed a fascination for international funds during the current pandemic. Mutual fund houses and advisors are also actively promoting these schemes. Worried about falling FD rates? Here are some safe options Devotees of bank fixed deposits are worried about the falling interest rates on FDs. These ultra conservative investors, especially retired folks, never look beyond bank FDs to park their money. In a falling interest rate scenario, they are hit very badly as it becomes very difficult to take care of their regular expenses with the lower interest income. Franklin puts e-voting for winding up of funds on hold With e-voting postponed, the fund house cannot sell securities nor distribute any money. Pharma offers favourable long-term opportunities, says Sailesh Raj Bhan of Nippon India MF Pharma funds are in enjoying their spot under the spotlight after a lull period in the last three to four years. These sector schemes have offered an average return of over 25% in the last year. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 8.43 -6.26 -11.60 3.84 Invest Now Axis Bluechip Fund-Growth ★★★★★ 6.99 -7.38 -12.17 3.74 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 6.08 -4.11 -8.70 5.40 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 4.83 -5.35 -9.31 5.30 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 2.99 -15.72 -17.14 6.35 Invest Now FeaturedICICI Prudential Midcap Direct Plan-Growth ★★★★★ -4.10 -20.03 -17.48 10.85 Invest Now Is it time to move out of Balanced Advantage Funds or BAFs? There is buzz that the illiquid securities are being moved to BAFs and other hybrid schemes via inter-scheme transfers. This is prompting many investors to redeem their investments in balanced advantage funds. Can debt funds be safeguarded? Here's RBI formula Convulsions in financial markets are a given, but the frequency with which it is occurring is testing regulators' resolve to let the market find solutions.

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 Mirae Asset Arbitrage Fund Direct-G Hybrid: Arbitrage Open-ended 03 Jun 12 Jun 5000.00 Mirae Asset Arbitrage Fund Direct-D Hybrid: Arbitrage Open-ended 03 Jun 12 Jun 5000.00 Mirae Asset Arbitrage Fund Reg-G Hybrid: Arbitrage Open-ended 03 Jun 12 Jun 5000.00 Mirae Asset Arbitrage Fund Reg-D Hybrid: Arbitrage Open-ended 03 Jun 12 Jun 5000.00 BOI AXA Multi Cap Fund Direct-G Equity: Multi Cap Open-ended 10 Jun 26 Jun 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Kotak Equity Hybrid Reg-D Hybrid: Aggressive Hybrid Open-ended 12 Jun 2020 0.07 Nippon India Balanced Advantage-D Hybrid: Dynamic Asset Allocation Open-ended 12 Jun 2020 0.15 Kotak Tax Saver Reg-D Equity: ELSS Open-ended 12 Jun 2020 0.16 Kotak Tax Saver Direct-D Equity: ELSS Open-ended 12 Jun 2020 0.19 Nippon India Balanced Advantage Direct-D Hybrid: Dynamic Asset Allocation Open-ended 12 Jun 2020 0.15 * 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 03-06-2020 3167.75 4368.22 -1200.47 7028.77 5281.51 1747.26 02-06-2020 3513.25 3716.80 -203.55 7915.13 6427.23 1487.90 01-06-2020 2954.23 4316.66 -1362.43 8492.79 9918.89 -1426.10 29-05-2020 6886.89 5639.94 1246.95 8979.80 9963.08 -983.28 28-05-2020 7337.72 6980.85 356.87 9537.89 6202.47 3335.42 27-05-2020 4693.91 2608.24 2085.67 6622.89 6426.18 196.71 26-05-2020 5265.46 3013.33 2252.13 7463.65 6354.23 1109.42 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 Franklin Build India Direct Fund-Growth 35.5043 1.78 1098.42 - 1.32 Parag Parikh Long Term Equity Fund Direct-Growth 27.3409 1.38 2721.94 - 1.15 Parag Parikh Long Term Equity Fund Regular-Growth 26.2218 1.37 2721.94 - 2.09 Axis Small Cap Fund Direct-Growth 29.4800 1.24 2094.84 - 0.30 Invesco India Infrastructure Fund-Growth 16.1000 0.69 39.94 - 2.43 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 VI Direct - Growth 5.7247 2.42 36.50 - 1.11 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Regular - Growth 5.5285 2.41 36.50 - 1.39 Sundaram Long Term Micro Cap Tax Advantage Fund Series V Direct - Growth 6.1322 2.34 41.68 - 1.07 Sundaram Long Term Micro Cap Tax Advantage Fund Series V Regular - Growth 6.0343 2.34 41.68 - 1.39 Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Regular - Growth 6.2207 2.27 41.42 - 1.43 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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