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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