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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