Top 10 Mutual Funds in India 2019

By Kavya Balaji | December 11, 2018

Top 10 Mutual Funds
Top 10 Mutual Funds

SNAPSHOT: In this article, we have summarised the top mutual funds by picking one from each of the categories, so as to suit the risk appetite and investment goals of most of the investors.

  • ICICI Prudential Focused Bluechip Equity Fund
  • Aditya Birla Sun Life Small & Midcap Fund
  • Tata Equity PE Fund
  • HDFC Monthly Income Plan – MTP
  • L&T Tax Advantage Fund
  • SBI Nifty Index Fund
  • Kotak Corporate Bond Fund
  • Canara Robeco Gilt PGS
  • DSP BlackRock Balanced Fund
  • Axis Liquid Fund

Top 10 Large Cap Equity Funds

Listed below are some of the top performing large cap equity funds, as on 8 November 2018:

Fund Name 1-Year Returns 3-Year Returns

ICICI Pru Bluechip Inst I-G

-0.37%

12.71%

ICICI Prudential Bluechip Fund Direct-Growth

-0.36%

12.70%

HDFC Top 100 Direct-G

-1.66%

12.57%

Reliance Large Cap Direct-G

0.42%

12.54%

IDBI Nifty Junior Index Direct-G

-10.07%

12.22%

Axis Bluechip Direct-G

5.11%

12.16%

Indiabulls Bluechip Direct-G

-1.90%

11.93%

Motilal Oswal Focused 25 Fund Direct-Growth

-4.01%

9.52%

HDFC Top 100-G

-2.43%

11.74%

Canara Robeco Bluechip Equity Direct-G

3.18%

11.46%

Top 10 Small Cap Equity Funds

Listed below are some of the top performing small cap equity funds, as on 8 November 2018:

Fund Name 1-Year Returns 3-Year Returns

L&T Emerging Businesses Direct-G

-9.46%

19.43%

Reliance Small Cap Direct-G

-7.56%

16.07%

HDFC Small Cap Fund Regular-Growth

-0.77%

17.25%

Aditya Birla SL Small Cap Direct-G

-19.93%

12.63%

Franklin India Smaller Companies Direct-G

-12.28%

11.45%

Kotak Small Cap Direct-G

-12.64%

10.40%

SBI Small Cap Direct-G

-9.50%

17%

DSP Small Cap Direct Plan-Growth

-17.79%

9.18%

HSBC Small Cap Equity Direct-G

-20.15%

9.01%

Sundaram Select Micro Cap Series VIII Direct-G

-20.21%

9.50%

Top 10 Multi Cap Equity Funds

Listed below are some of the top performing multi cap equity funds, as on 8 November 2018:

Fund Name 1-Year Returns 3-Year Returns

Axis Focused 25 Direct-G

2.74%

15.45%

Mirae Asset India Equity Fund Direct-Growth

-0.96%

14.54%

Principal Multi Cap Growth Fund Direct-Growth

-8.03%

14.12%

Aditya Birla SL Equity Direct-G

-4.22%

13.63%

Kotak Standard Multicap Direct-G

-2.19%

13.28%

Reliance Capital Builder Fund II Ser B Direct-G

-4.28%

13.16%

Sundaram Value Fund Sr II Direct-G

-3.41%

13.13%

SBI Equity Opportunities Fund Series IV Direct-G

-11.03%

13.12%

IDFC Focused Equity Direct-G

-7.07%

13%

ICICI Pru Multicap Direct-G

2.43%

12.34%

Top 10 Sectoral – Infrastructure Funds

Listed below are some of the top performing sectoral - infrastructure funds, as on 8 November 2018:

Fund Name 1-Year Returns 3-Year Returns

Taurus Infrastructure Direct-G

-6.28%

13.75%

L&T Infrastructure Direct-G

-13.58%

15.83%

IDFC Infrastructure Direct-G

-23.73%

10.68%

Sahara Infrastructure Variable Pricing-G

-14.65%

13.39%

Franklin Build India Direct-G

-10.56%

11.95%

Reliance Power & Infra Direct-G

-17.76%

10.43%

Kotak Infra and Eco Reform Direct-G

-17.68%

9.38%

DSP T.I.G.E.R Direct-G

-16.76%

8.07%

SBI Infrastructure Direct-G

-15.15%

7.67%

ICICI Pru Infrastructure Direct-G

-13.89%

7.56%

Top 10 Equity Linked Saving Schemes

The best performing equity linked savings schemes (ELSS) as on 15 November 2018 are as follows:

Fund Name 1-Year Returns 3-Year Returns

Quant Tax Plan Direct-G

-1.16%

16.62%

Motilal Oswal Long Term Equity Fund Direct-Growth

-2.57%

15.48%

DSP Tax Saver Direct Plan-Growth

-4.18%

12.70%

Principal Tax Savings Fund Direct

-6.21%

13.94%

Aditya Birla Sun Life Tax Relief 96-Growth

-1.78%

12.48%

IDFC Tax Advantage (ELSS) Fund Regular-Growth

-3.88%

12.84%

HDFC LT Advantage Direct-G

-1.09%

14.38%

SBI Tax Advantage Series II-G

-8.81%

14.34%

L&T Tax Adv Direct-G

-1.75%

14.13%

Invesco India Tax Plan Direct-G

2.68%

13.28%

Top 10 Debt - Dynamic Bond Funds

Listed below are the best performing debt - dynamic bond funds as on 15 November 2018:

Fund Name 1-Year Returns 3-Year Returns

Franklin India Dynamic Accrual Direct-G

6.99%

9.30%

ICICI Pru All Seasons Bond Direct-G

5.06%

9.08%

Kotak Dynamic Bond Direct-G

5.17%

8.60%

DSP Strategic Bond Direct Plan-Growth

3.34%

6.53%

DHFL Pramerica Dynamic Bond Direct-G

4.32%

8.31%

Baroda Pioneer Dynamic Bond Direct-G

5.44%

8.15%

UTI Dynamic Bond Direct-G

3.32%

8.04%

SBI Dynamic Bond Direct-G

3.55%

7.94%

L&T Flexi Bond Direct-G

4.39%

7.85%

Quantum Dynamic Bond Direct-G

2.77%

7.74%

Top 10 Debt - Liquid Funds

The top 10 debt - liquid mutual funds in India (as of 15 November 2018) are as indicated below:

Fund Name 1-Year Returns 3-Year Returns

IDBI Liquid Direct-G

7.39%

7.30%

BNP Paribas Liquid Direct-G

7.38%

7.28%

Baroda Pioneer Liquid Direct-G

7.44%

7.42%

DSP Liquidity Direct-Growth

7.36%

7.32%

Franklin India Liquid Direct-G

7.34%

7.33%

HSBC Cash Direct-G

7.36%

7.28%

Edelweiss Liquid Direct-G

7.39%

7.03%

Reliance Liquid Fund-Growth

7.27%

7.25%

Sundaram Money Direct-G

7.32%

7.29%

UTI Liquid Cash Inst Direct-G

7.34%

7.29%

Top 10 Debt - Short Duration Funds

The top 10 debt - short duration mutual funds in India (as of 16 November 2018) are as listed below:

Fund Name 1-Year Returns 3-Year Returns

Franklin India ST Income Direct-G

7.19%

8.70%

Baroda Pioneer Short Term Bond Direct-G

6.76%

8.57%

Indiabulls Short Term Direct-G

7.05%

8.23%

DSP Short Term Direct Plan-Growth

5.08%

7.41%

Aditya Birla SL Short Term Opportunities Direct-G

5.67%

8.21%

ICICI Pru Short Term Direct-G

5.44%

8.18%

DHFL Pramerica Short Maturity Direct-G

5.33%

8.17%

BOI AXA Short Term Income Direct-G

5.68%

8.08%

Principal Short Term Debt Direct-G

5.56%

7.76%

Axis Short Term Direct-G

5.75%

7.75%

Top 10 Debt - Medium Duration Funds

The top 10 debt - medium duration mutual funds in India (as of 16 November 2018) are as listed below:

Fund Name 1-Year Returns 3-Year Returns

SBI Magnum Medium Duration Direct-G

5.55%

9.84%

Axis Strategic Bond Direct-G

6.03%

8.76%

Franklin India Income Opportunities Direct-G

7.12%

8.71%

DSP Bond Direct-Growth

3.63%

7.35%

Kotak Medium Term Direct-G

4.77%

8.52%

Reliance Strategic Debt Direct-G

4.52%

8.44%

UTI Medium Term Direct-G

4.94%

8.26%

Aditya Birla SL Medium Term Direct-G

5.07%

8.25%

Indiabulls Income Direct-G

8.43%

7.99%

ICICI Pru Medium Term Bond Direct-G

4.78%

7.98%

Top 10 Debt - Medium to Long Duration Funds

The top 10 debt - medium to long duration funds as of 18 November 2018 are as listed below:

Fund Name 1-Year Returns 3-Year Returns

ICICI Pru Advisor Series-Debt Management Direct-G

6.05%

8.19%

SBI Magnum Income Direct-G

3.78%

7.97%

UTI Bond Direct-G

2.32%

7.26%

IDFC Bond Income Direct-G

3.68%

7.25%

Canara Robeco Income Direct-G

4.02%

7.08%

Reliance Income Direct-G

3.30%

7.07%

Aditya Birla SL Income Direct-G

2.99%

6.94%

Tata Income Direct-G

2.42%

6.69%

Kotak Bond Direct-G

3.04%

6.45%

HDFC Income Direct-G

1.72%

6.22%

Top 10 Debt - Gilt Funds

The top 10 debt - gilt mutual funds in India (as of 16 November 2018) are as listed below:

Fund Name 1-Year Returns 3-Year Returns

Reliance Gilt Securities Direct-G

4.98%

9.20%

ICICI Pru Gilt Direct-G

4.35%

8.35%

Aditya Birla SL Government Securities Direct-G

2.79%

8.22%

Canara Robeco Gilt Direct-G

2.78%

8.12%

L&T Gilt Direct-G

3.96%

7.93%

SBI Magnum Gilt Direct-G

2.34%

7.81%

UTI Gilt Direct-G

3.06%

7.77%

Kotak Gilt Inv Direct-G

3.73%

7.60%

DSP Government Securities Direct-G

3.89%

7.50%

IDFC GSF Investment Direct-G

3.96%

7.49%

Top 10 Hybrid - Dynamic Asset Allocation Funds

The best performing hybrid - dynamic asset allocation funds as of 18 November 2018 are as listed below:

Fund Name 1-Year Returns 3-Year Returns

Aditya Birla SL Balanced Advantage Direct-G

2.95%

12.79%

HDFC Balanced Advantage Direct-G

-1.69%

11.85%

HSBC Dynamic Asset Allocation Direct-G

3.75%

10.89%

ICICI Prudential Balanced Advantage Direct-Growth

3.92%

10.60%

Reliance Balanced Advantage Direct-G

3.21%

10.82%

SBI Dynamic Asset Allocation Direct-G

10.79%

10.77%

Invesco India Dynamic Equity Direct-G

-2.18%

10.43%

DSP Dynamic Asset Allocation Fund Direct-Growth

4.25%

8.50%

Franklin India Dynamic PE Ratio FoF Direct-G

5.31%

9.87%

L&T Dynamic Equity Direct-G

5.16%

7.17%

Top 10 Hybrid - Conservative Hybrid Funds

The best performing hybrid - conservative hybrid funds as of 18 November 2018 are as listed below:

Fund Name 1-Year Returns 3-Year Returns

SBI Magnum Children’s Benefit Fund Direct

4.49%

14.84%

ICICI Pru Advisor Series-Thematic Direct-G

1.60%

10.94%

DSP Regular Savings Direct Plan-Growth

-1.86%

6.45%

Tata Retirement Savings Conservative Direct-G

2.35%

9.84%

Aditya Birla SL Regular Savings Direct-G

-1.10%

9.71%

Kotak Asset Allocator Direct-G

4.73%

9.59%

Axis Hybrid Series 24 Direct-G

7.22%

9.50%

BNP Paribas Conservative Hybrid Direct-G

4.45%

9.43%

DHFL Pramerica Hybrid Debt Direct-G

6.63%

9.18%

Franklin India Life Stage FoF 40s Direct-G

2.20%

8.55%

Top 10 Hybrid - Aggressive Hybrid Funds

The most popular hybrid - aggressive hybrid funds as of 18 November 2018 are as listed below:

Fund Name 1-Year Returns 3-Year Returns

Principal Hybrid Equity Fund Direct-Growth

0.45%

15.28%

Mirae Asset Hybrid Equity Direct-G

4.43%

14.45%

Tata Retirement Savings Moderate Direct-G

-0.11%

13.84%

ICICI Pru Equity & Debt-G

0.78%

12.13%

Sundaram Equity Hybrid Direct-G

6.83%

12.10%

HDFC Hybrid Equity Direct-G

-0.36%

11.86%

Reliance Equity Hybrid Direct-G

-1.26%

11.07%

Canara Robeco Equity Hybrid Direct-G

4.66%

11.06%

ICICI Pru Child Care Gift Direct

5.09%

11.03%

DSP Equity & Bond Direct-Growth

-1.41%

10.34%

Top 10 Hybrid - Arbitrage Funds

The best performing hybrid - arbitrage funds as of 18 November 2018 are listed below:

Fund Name 1-Year Returns 3-Year Returns

Axis Arbitrage Direct-G

7.20%

7.04%

Reliance Arbitrage Direct-G

7.56%

6.99%

Edelweiss Arbitrage Direct-G

6.93%

6.96%

ICICI Pru Equity Arbitrage Direct-G

7.01%

6.91%

Indiabulls Arbitrage Direct-G

6.53%

6.88%

Kotak Equity Arbitrage Direct-G

6.98%

6.85%

L&T Arbitrage Opportunities Direct-G

6.93%

6.83%

IDFC Arbitrage Direct-G

7.15%

6.78%

Aditya Birla SL Arbitrage Direct-G

6.76%

6.73%

Invesco India Arbitrage Direct-G

6.85%

6.70%

What are mutual funds?

Mutual Funds are professionally managed investment schemes. They represent a pool of funds that are professionally managed by expert Mutual Fund managers. The fund managers keep a record of the performance and growth of these funds and make required alterations so that the funds perform well and the investors receive the best possible returns.

Mutual Funds are controlled by an Asset Management Company (AMC) that collects funds from a group of investors and invest these funds in bonds, stocks, and securities. When you purchase units of a Mutual Fund, these units denote the holdings of your share in a certain fund scheme. You can purchase or even redeem a Mutual Fund at the prevailing Net Asset Value (NAV).

We have elaborated on the best-performing schemes based on categories in the sections below. More often than not, schemes from a specific category will perform the best each season. This could confuse a novice investor and bring about doubts on whether his/her investments were made in the most suitable funds.

In order to get healthy returns from mutual fund investments, it is advisable to keep the following points in mind:

  • Do not start new SIPs targeting short-term gain. Continue on the SIP for a minimum period of 5 years to see substantial returns.
  • Do not stop your existing SIPs when the returns are low.
  • Opt for growth option of mutual funds for increased returns through compounding.
  • Do not put lump sum amounts in peak performing equity mutual funds for short-term gains by capitalising on the bull run. It should be noted that the bull run may reverse any time and you may not get the chance to exit the fund with significant gains. In fact, you may have to book losses instead. Hence, you should invest a lump sum amount in equity mutual funds only after the markets correct from their peaks.
  • It is not advisable to move from debt funds to fixed deposits (FDs) for assured returns. This is primarily because the complete interest earned from FDs get added to the taxable income of the individual and is taxed as per his/her tax slab. This effectively means that the people in the highest tax bracket will get low returns from fixed deposits. On the other hand, there are significant tax savings on debt funds that are held for a duration of 3 years or more.

Different types of Mutual Funds:

  • Debt funds: A debt fund is a type of Mutual Fund that invests in fixed-income securities. Under this fund, your money will be invested in short-term bonds, long-term bonds, securitised funds, floating rate debt, and money market instruments.
  • Equity funds: An equity fund is a type of Mutual Fund that invests money primarily in stocks. There are both actively or passively managed funds.
  • Equity linked savings schemes: This is an equity Mutual Fund that is close-funded in nature. It helps you save taxes and also helps you grow your wealth. You can enjoy tax deductions as per the Income Tax Act under Section 80C.
  • Diversified funds: This type of Mutual Fund allows you to invest your money in diverse sectors or industries. You can spread your investments across various industries in the market.
  • Gilt funds: These funds allocate money to securities that are offered by the state and central governments. These funds come without any default risk.
  • Index funds: Under this category of Mutual Funds, your money will be invested according to how a stock market index functions. The NAV for these funds will be closely follow the rise or fall in the index.
  • Liquid Mutual Funds: Liquid Mutual Funds are investment plans that will allocate funds primarily to money market instruments such as treasury bills, term deposits, certificate of deposits, commercial papers, etc. These funds come with a lower maturity period.
  • Debt-oriented hybrid funds: Under this category of Mutual Funds, your money will be primarily invested in debt and the remaining part will be invested in equity. It is a blend of both debt and equity investment.
  • Arbitrage funds: These funds are treated as equity plans for taxation purposes. These funds invest both in the cash market and the derivatives market.
  • Dynamic bond funds: Your money will be invested in debt and money-market instruments. The maturity of the fund will vary according to the investments that it makes.

The number of Mutual Funds made available to the general public has increased significantly over the past few years. As a result, you now have an impressive number of options to choose from, and regardless of which category you wish to invest in, following are the top 10 Mutual Funds in various categories, as rated by CRISIL.

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About Kavya Balaji

A personal finance professional with over 10 years of experience in financial research. She believes financial literacy is important and is passionate about sharing her knowledge on the subject.

News About Mutual Funds

  • Mutual fund SIPs garner Rs.8,055 crore in March

    Investments in mutual funds through Systematic Investment Plans (SIPs) continue to be the preferred route for retail investors. This fact has been strengthened by the SIPs managing to collect Rs.8,055 crore in March. This was an increase of 13% on a year-on-year basis. Through SIPs, mutual funds had collected Rs.8,094 crore in February but on a month-on-month basis, there was a marginal dip of 0.5% in the SIP collections. Industry experts have observed that the SIP numbers have always been showing signs of an uptrend and in the month of March, around 3 lakh fresh SIP accounts have been registered. The number of SIP accounts has been recorded at 2.62 crore in March. During the same period last year, the numbers stood at 2.11 crore. The AUM (Assets Under Management) of the mutual fund industry recorded at March-end stood at Rs.23.80 lakh crore and this data has been revealed by the Association of Mutual Funds in India (AMFI). There has been a 16% growth on a year-on-year basis in the retail AUM while the overall AUM rose by 11%. The retail AUM in March was recorded at Rs.10.73 lakh crore.

    10 April 2019

  • Shares of Sun Pharma surges by 1.55% post launch of Infugem in the US

    The share prices of Sun Pharmaceutical Industries witnessed gains of 1.55% during the early trading hours on 8 April after it launched ready-to-infuse Infugem in the United States. In the last three months, the stocks of the pharmaceutical company gained by almost 8%. On the Bombay Stock Exchange (BSE), its shares were trading at Rs.463.80 which was a gain of 0.24% or Rs.1.10. The Infugem, which is a sodium chloride injection is now commercially available for purchase in the US. The chemotherapy drug has received approval from the US Food and Drug Administration (FDA) in July 2018. The ready-to-use formulation can be used for the treatment of ovarian, breast, pancreatic cancer, and non-small cell lung cancers, in combination with other drugs. The chemotherapy product is the only gemcitabine formulation that does not require reconstitution and syringe withdrawal before administrating intravenously.

    8 April 2019

  • ICICI Prudential Mutual Fund sells 1.25 lakh shares of AstraZeneca

    Private equity firm ICICI Mutual Fund has sold its stake in AstraZeneca Pharma India. During the deal, 1.25 lakh shares of AstraZeneca were sold at Rs.2,000 per share on the National Stock Exchange (NSE). Also, on the NSE, Mazda Limited bought 24,327 shares of itself at Rs.445.84 per share to increase its stake. In the meantime, 8,13,704 shares of SH Kelkar were acquired by Fidelity Series Emerging Markets Fund at Rs.151.17 per share. 35 lakh shares of Prestige Estate were also sold to Jasmine Capital Investments Pre Limited at Rs.255 per share while 1.5 lakh shares of RPP Infra Projects were offloaded by Kamalasini Tradelink Pvt. Ltd. Around 30 lakh shares of Indian Energy Exchange were sold by NJDM Investment Holdings Limited at Rs.161.5 per share on the NSE. The same price was quoted for the sale of 20 lakh shares of SG Bric III Trading LLC. In other news, stock prices of GRUH Finance plunged by 2% intraday after it received a nod from the Reserve Bank of India (RBI) and National Housing Bank (NHB) to merge with Bandhan Bank.

    4 April 2019

  • Bank stocks trade on a positive note pushed by IndusInd Bank, Bank of Baroda, etc.

    The domestic benchmark indices are showing positive signs of trading amid positive cues in the Asian market. The Nifty index hit a record high trading at 11,751 which was a gain of 38 points while the Sensex was trading at 39,234 with an addition of 177 points. About 0.5% was gained by the Bank Nifty index dragged by Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, YES Bank, and ICICI Bank, all of which made an addition of 0.5% each. The top performers in the real estate segment are Godrej Properties, Prestige Estates, and DLF. Godrej Properties was up by 3%.

    In the metal segment, the top performing stocks were those of Tata Steel, JSW Steel, NALCO, SAIL, Hindustan Zinc, and Jindal Stainless. On the other hand, IT stocks showed negative trading with loses from Wipro, Tech Mahindra, and Infosys. The top gainers in the Nifty index were Tata Motors, Indiabulls Housing Finance, Bharti Airtel, IndusInd Bank, and HDFC Bank. The worst performers in the index were Britannia Industries, Eicher Motors, BPCL, Tech Mahindra, and Infosys. Tata Motors, TCS, SBI, etc., were among the most traded stocks.

    3 April 2019

  • SEBI makes modifications in mutual fund disclosure norms and commission

    The Securities and Exchange Board of India (SEBI) reviewed and made modifications in the commission and disclosure norms for the mutual fund industry. The market regulator took this step after it had, in October 2018, asked fund houses to adopt the full trail commission model in all mutual fund schemes. However, in the case of Systematic Investment Plans (SIPs), upfront trail commission could be charged. SEBI made amendments in the conditions needed for upfront trail commissions at the mutual fund level based on SIP inflows. SIPs can charge upfront trail commissions for up to Rs.3,000 per month per scheme, for first time investors in mutual funds.

    The upfront commission in case of SIPs will be paid from the books of asset management companies (AMCs) and will be allowed only for the first SIPs purchased by the new investor. If an investor opts for multiple SIPs purchased on different dates, the SIPs for which the instalment starts on the earliest date will be eligible for upfronting. On the disclosure side, the AMCs will have to disclose the Total Expense Ratio (TER) of all mutual fund schemes daily on their websites. Infrastructure debt funds are exempted from this regulation. The SEBI has further stated that liquid funds, overnight funds, low duration funds, ultra-short duration funds, and money market funds need not make performance disclosures if they have been existent for less than a year.

    26 March 2019

  • Three major mutual funds oppose Mindtree’s takeover by L&T

    According to a report by the Economic Times, three large mutual funds are challenging the attempts of Larsen & Toubro to takeover the present management at Mindtree. These mutual funds hold shares of the Bengaluru-based Mindtree but there is a likelihood of these mutual funds accepting the open offer made by L&T if higher prices are offered. According to a statement released by the CIO of a fund house, the price difference in the existing market price and the offer made by L&T is just Rs.18. L&T has apparently agreed to buy the entire stakes held by Siddhartha and two of his CCD firms. The current management of Mindtree feels that if the management is taken over, the organisational culture may unsettle the existing clients.

    A source has further revealed that the new management will result in the loss of its founders which may prove detrimental to the company’s growth over the coming year. As on 31 December 2018, mutual funds hold 8.34% of the Mindtree, a software services company. 68 mutual fund schemes collectively own shares worth Rs.1,300 crore in Mindtree. The Chairman of Mindtree, Mr. Krishnakumar Natarajan, the CEO Mr. Rostow Ravanan, NS Parthasarathy, and Subroto Bagchi form a part of the promoter group holding 13.32% stake in the company. L&T has agreed to buy the stakes held by VG Siddhartha for Rs.980, taking the total deal value to Rs.3,269 crore.

    20 March 2019

  • Nifty Next 50 ETF looks appealing as an investment strategy

    Passive investment vehicles such as Exchange-Traded Funds (ETFs) offer one of the best investment strategies due to their low-cost, passive and well-diversified approach. Among the ETFs, the Nifty Next 50 stands out due to its outperformance against the Nifty index over a longer period. The uncertainty prevailing currently due to the upcoming elections makes the Nifty Next 50 a desirable investment option due to it being low-cost and the diversification that it offers. It is a safe investment tool since it has managed to outperform most of the actively-managed mutual fund schemes in FY2018. Passive funds aim to mirror the performance of an index as against active funds where fund managers pursue to beat an index.

    Other than ETFs, the other way to invest passively is through index mutual funds. These funds have the same underlying portfolio as an ETF, its structure is entirely different. Unlike ETFs, they cannot be traded in a stock exchange, they are simply open-ended mutual fund schemes that invest in securities in the same proportion as the index. Index funds are relatively costlier than ETFs and have a higher tracking error. Hence, ETFs offer a better way of mimicking an index and out of the ETFs, Nifty Next 50 is a better option. It comprises of 14 sectors out of which 11 sectors have individual weights below 10% each. At the stock level, the top stocks of the Nifty Next 50 contribute around 35% exposure.

    19 March 2019

  • Stocks of Coal India, State Bank of India, and Torrent Pharma likely to fetch returns of 7% to 8%

    The Nifty50 index opened flat in the early hours of 28 February post the muted trend observed in other Asian markets. At the closing hours of 27 February, the index was seen to be trading at 10,806 which was a down of 28 points. There is also an indication of a flat opening on the SGX Nifty index as seen by the decline of 0.06% or 6.5 points. On the Singaporean Exchange, the Nifty Futures were seen to be trading on the 10,797 mark. A slight dip was also seen in the S&P BSE 500 index and in other Asian stocks. The tension and anxiety between Pakistan and India caused the rupee to dive 17 paise to close at 71.24 against the US dollar. Stocks of Wipro, Allahabad Bank, and Bharti Airtel was in news due to Wipro selling the operations of Workday & Cornerstone to Alight for $110 million, infusion of Rs.6,896 crore, and Airtel’s plans of raising funds to compete against Reliance Jio InfoComm. According to the recommendation of Bonanza Portfolio, the stocks of Coal India, Wipro, and Torrent Pharma is expected to deliver returns of 8%, 8.5%, and 7.55% respectively.

    4 March 2019

  • Fund managers stick to shares of Reliance, Mahindra & Mahindra, HDFC to stabilise earnings

    Mutual fund managers continue to stick to shares of firms that are market leaders in their respective sectors in order to have stable growth in earnings. According to data revealed by Accord, a data research firm, fund managers did not make any changes in their investments in January. The investments were not spread across market capitalisation. Instead, they have stuck on to the firms that are market leaders in their sectors. This has been done due to two reasons. Firstly, because the industry was witnessing a decline in the inflows which hit a two-year low in January 2019 with inflows of Rs.6,158 crore. Secondly, because fund managers failed to generate alpha due to the absence of clarity in earnings trend.

    The firms that witnessed large buys by mutual funds in January were that of Reliance Industries, HDFC Bank, Mahindra & Mahindra, Bharat Forge, and Page Industries. Reliance Industries, HDFC Bank, Mahindra & Mahindra, Bharat Forge, and Page Industries has a market capitalisation of Rs.7,96,580 crore, Rs.5,79,190 crore, Rs.80,633 crore, and Rs.22,430 crore, respectively. Reliance Industries is India’s largest firm in terms of earnings while HDFC Bank continues to be a favorite among the fund managers due to its consistency in gaining market share. Mahindra & Mahindra, on the other hand, is the largest tractor manufacturer in India and has a market share of 41%. Bharat Forge is the largest forging firm in India.

    23 February 2019

  • No euphoria expected by Canara Robeco Mutual Fund ahead of 2019 elections

    An expert at the Canara Robeco Mutual Fund is of the opinion that the equity market is unlikely to experience any euphoric movement before the general elections 2019 that will take place in May. He states that the market did show a negative reaction when the UPA1 won the elections in 2004 when the market touched an upper circuit on UPA2 winning in the 2009 elections. Until 2019, the equity markets did deliver less than expected average returns. He feels that investors have no expectation that what took place in the last elections will happen again and hence, the fund house is also not euphoric or over-optimistic towards the elections.

    Canara Robeco Mutual Fund is a partnership of Canara Bank with Netherlands-based Robeco Group. The asset management firm has an AUM (Assets Under Management) of Rs.13,656 crore as on December end. The expert, Mr. Nimesh Chandan, was a senior fund manager at Canara Robeco MF and has been with the firm for more than a decade. At the moment, he heads the equity investments arm of the asset management firm and is responsible for strategizing various schemes. He further believes that the focus of the fund house after elections will be to move the business and economy in a way that the mid and small cap firms recover from the previous losses.

    22 February 2019

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