Debt mutual funds take a tumble as DHFL slips on payment

THE ECONOMIC TIMES Fri, Jun 14, 2019 | 08:11 AM IST Mutual Funds Newsletter

Debt mutual funds take a tumble as DHFL slips on payment DHFL Pramerica Medium Term Fund, with assets of Rs 35 crore, saw its NAV plunge 52.99 per cent. RBI cuts repo rate by 25 bps; what should debt mutual fund investors do? A rate cut is a huge positive for debt mutual funds, especially long-term debt mutual funds. What does RBI's 'accommodative' stance mean for debt mutual fund investors? The banking regulator cut its key policy rate, repo rate, by 25 basis points in its policy review on Thursday. There is room for 50-100 bps rate cut. Should debt mutual fund investors change their strategy? Fund managers say that there are many positive factors that may prompt RBI to cut rates twice this year. Long duration bond mutual funds are offering highest returns in one year. Is it time to invest? For a long time, mutual fund managers cautioned the investors against investing in these schemes. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset Large Cap Fund Direct- Growth 7.32 9.97 11.56 17.50 Axis Bluechip Fund Direct Plan-Growth 7.91 11.53 11.88 17.33 JM Core 11 Direct Plan-Growth 4.73 10.22 6.74 17.04 Reliance Large Cap Fund Direct-Growth 6.84 9.46 10.79 17.00 Mirae Asset Large Cap Fund Regular- Growth 7.22 9.36 10.43 16.52 FeaturedDSP Strategic Bond Direct Plan-Growth ★★★★★ -1.66 0.17 6.10 5.86 Start SIP Best mutual funds to invest in 2019 Our list of top mutual fund schemes that you may consider to invest in 2019. Infrastructure mutual funds offered 62% in 2014 when Modi won. Will they repeat the performance? All the 21 funds in the category were positive, and the lowest return offered by the category was 23 per cent in 2014.

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 SBI Capital Protection Oriented Fund - Series A (Plan 4) Direct-G Hybrid: Conservative Hybrid Closed-end 04 Jun 18 Jun 5000.00 SBI Capital Protection Oriented Fund - Series A (Plan 4) Reg-G Hybrid: Conservative Hybrid Closed-end 04 Jun 18 Jun 5000.00 Shriram Balanced Advantage Fund Reg-D Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 28 Jun 5000.00 Shriram Balanced Advantage Fund Direct-G Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 28 Jun 5000.00 Shriram Balanced Advantage Fund Reg-G Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 28 Jun 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit DSP Arbitrage Fund Reg-DM Hybrid: Arbitrage Open-ended 14 Jun 2019 0.02 DSP Arbitrage Fund Direct-DM Hybrid: Arbitrage Open-ended 14 Jun 2019 0.02 Aditya Birla SL Income-DQ Debt: Medium to Long Duration Open-ended 17 Jun 2019 0.16 Principal Hybrid Equity-DM Hybrid: Aggressive Hybrid Open-ended 17 Jun 2019 0.22 Aditya Birla SL Government Securities-DQ Debt: Gilt Open-ended 17 Jun 2019 0.12 * 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 11-06-2019 1677.23 1532.88 144.35 9644.50 6292.44 3352.06 10-06-2019 1680.61 1471.35 209.26 10632.52 6975.45 3657.07 07-06-2019 1799.57 1519.84 279.73 9407.15 8474.71 932.44 06-06-2019 3147.01 3549.74 -402.73 11599.36 7185.35 4414.01 04-06-2019 1664.28 1795.65 -131.37 13981.16 6208.77 7772.39 03-06-2019 1963.84 2757.42 -793.58 10604.58 9586.35 1018.23 31-05-2019 2935.87 2382.71 553.16 14756.45 14052.19 704.26 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 India Corporate Debt Fund Direct-Growth 70.9650 1.50 868.85 - - 0.32 Franklin India Corporate Debt Fund Plan A-Growth 67.7514 1.49 868.85 - - 0.88 ICICI Prudential Bluechip Fund Direct-Growth 45.9400 0.88 20293.29 - 1.20 ICICI Prudential Bluechip Fund-Growth 43.3900 0.86 20293.29 - 1.76 ICICI Prudential Bluechip Fund Institutional I-Growth 47.8900 0.86 20293.29 - 1.76 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 III Direct Growth 14.4469 1.09 60.90 - 1.76 Tata India Tax Savings Fund Direct-Growth 19.8828 1.08 1623.26 - 0.76 ICICI Prudential Rewards of Investing and Generation of Healthy Tax Savings Fund-Growth 43.1200 1.08 45.34 - 1.41 SBI Long Term Advantage Fund Series III Regular Growth 13.9181 1.08 60.90 - 2.87 Tata India Tax Savings Fund-Growth 18.7538 1.06 1623.26 - 2.01 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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