In the holiday short week ended January 25, 2018, the S&P BSE Sensex closed higher by 1.52%. The CNX Nifty 50, was up 1.61% over the same period. In comparison, the S&P BSE MidCap Index moved up marginally by 0.43%. Stocks present in the S&P BSE SmallCap Index too headed lower by 0.59%.
Given this performance, clearly
equity mutual fund schemes investing solely in the large-cap space, were the clear beneficiaries and ended up among the
top performing mutual funds for the week.
In terms of valuations, the S&P BSE Sensex is commanding a price-to-earnings (P/E) valuation of 25 times. The P/E of the S&P BSE MidCap is near 50 times and that of the S&P BSE SmallCap index above 110 times. All the indices are trading over twice their long-term average P/E.
On shifting the focus on sectoral performances, shares of IT, Metals and Energy sectors were among the top gainers. The Nifty IT, Nifty Metal, Nifty Energy, closed with gains of 3.83%, 2.52% and 2.39% respectively. Mutual funds focused on these sectors gained traction during the week.
Among the sectoral indices that were laggards were the NIFTY Auto, NIFTY Consumption and NIFTY Media index. Shares of these sectors returned -1.45%, -1.09% and -0.93% respectively. Mutual funds investing heavily in these sectors would have suffered.
Going ahead, the budget for 2018-19, December quarter earnings, etc., will set the tone and direction of the market.
Among equity diversified mutual funds,
Aditya Birla SL India Opportunities Fund,
Reliance Quant Plus Fund,
HDFC Top 200 Fund,
HSBC Equity Fund and
HDFC Large Cap Fund were the top performing mutual funds with a return of 3.26%,2.68%, 2.52%, 2.47% and 2.44% respectively.
Top Mutual Funds of The Week
Data as on January 25, 2018. Returns are absolute
(Source: ACE MF, PersonalFN Research)
*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.
Category-wise Top Performing Equity Mutual Funds of the week
On taking a look at the category wise performance
Reliance Quant Plus Fund,
HSBC Equity Fund,
HDFC Large Cap Fund,
SBI Magnum Equity Fund and
HDFC Growth Fund were the top large cap funds with a return of 2.68%, 2.47%, 2.44%, 2.12% and 2.04%.
Taurus Discovery Fund,
IDFC Sterling Equity Fund,
Edelweiss Mid and Small Cap Fund,
HDFC Mid-Cap Opportunities Fund and
Principal Emerging Bluechip Fund were the top mid cap funds & small cap funds with a return of 1.79%, 1.19%, 1.09%, 0.96%, and 0.78% respectively.
Among multicap funds,
Aditya Birla SL India Opportunities Fund,
HDFC Top 200 Fund,
HSBC Equity Fund,
HDFC Equity Fund, and
SBI PSU Fund were the top mutual funds with returns like 3.26%, 2.52%, 2.38%, 2.12% and 2.09% respectively.
Top Performing ELSSs of the week
In the ELSS category,
Taurus Tax Shield Fund,
Indiabulls Tax Savings Fund,
Quantum Tax Saving Fund,
HDFC TaxSaver, and
Mirae Asset Tax Saver Fund were the top tax saving funds, generating a return of 2.70%, 2.43%, 1.83%, 1.81% and 1.47% respectively.
Top Performing Balanced Funds of the week
Balanced funds too capitalised on the market rally in the first week of 2018. The top balanced funds for the week were
JM Balanced Fund,
HDFC Prudence Fund,
Tata Balanced Fund,
Shriram Equity & Debt Opportunities Fund, and
Mirae Asset Prudence Fund. These schemes delivered a return of 1.63%, 1.62%, 1.35%, 1.34% and 1.33% respectively.
How to find the best mutual fund schemes?
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DISCLOSURE AS PER SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014
About the Company including business activity
Quantum Information Services Private Limited (QIS) was incorporated on December 19, 1989.
QIS was promoted by Mr. Ajit Dayal with an objective of providing value-based information / views on news related to equity markets, the economy in general, sector analysis, budget review and various personal products and investments options available to the Public. It was the first company to start equity research on an institutional level.
'PersonalFN' is a service brand of QIS and was started in the year 1999. In 1999, the Company registered the Domain name www.personalfn.com for providing information on mutual funds and personal financial planning, financial markets in general, etc and services related to financial planning and research in various financial instruments including mutual funds, insurance and fixed income products to customers. It offers asset allocation and researched investment recommendations through its financial planning services.
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Disciplinary history
There are no outstanding litigations against the Company, it subsidiaries and its Directors.
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- Rahul Goel;
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- Neither QIS, it’s Associates, Research Analyst or his/her relative have any financial interest in the subject Company , except QIS receives fees for providing research to Quantum Equity Fund of Fund (QEFoF) which is Fund of Fund scheme managed by QMF.
- Neither QIS, it's Associates, Research Analyst or his/her relative have actual/beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report.
- Neither QIS, it's Associates, Research Analyst or his/her relative has any other material conflict of interest at the time of publication of the research report except that QIS (PersonalFN) is, as per SEBI (Mutual Funds) Regulations 1996, an associate / group Company of Quantum Asset Management Company Private Limited and Trustees and Sponsor of Quantum Mutual Fund (QMF) and to that extent there may be conflict of interest while recommending any schemes of QMF. However any such recommendation or reference made is based on the standard evaluation and selection process, which applies uniformly for all Mutual Fund Schemes. The payment of commission (upfront /annualized & trail), if any, for any Schemes by QMF to QIS (PersonalFN) is also at arm's length and as per prevailing market practices
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Subject Company means Mutual Fund Schemes
Quantum Information Services Private Limited CIN: U65990MH1989PTC054667 Regd. Office: 103, Regent Chambers, 1st Floor, Nariman Point, Mumbai - 400 021 Corp. Office: 103, Regent Chambers, 1st Floor, Nariman Point, Mumbai - 400 021. Email: info@personalfn.com Website: www.personalfn.com Tel.: 022 61361200 Fax.: 022 61361222
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