Gold near Rs 50,000. Does it make sense to invest now?

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THE ECONOMIC TIMES Fri, Jul 03, 2020 | 08:10 AM IST Mutual Funds Newsletter

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. Equity returns may be in low teens this year: Balasubramanian of ABSL Mutual Fund "If you have the bandwidth to continue your investments, then do not stop them or redeem in a market correction," Balasubramanian advises. Stamp duty to pinch liquid fund returns further The move by the Securities and Exchange Board of India to hold at least 20% of liquid funds' corpus in liquid assets like cash and government securities from July 1 could squeeze returns further. Markets may remain volatile in near term, Nimesh Shah of ICICI Pru MF "No one knows how long the pandemic related situation will continue and hence the fallout from this and the magnitude of economic impact remains hazy." 10 or 12 mutual funds in your portfolio do not guarantee diversification. Here is why? Many new investors are eager to create wealth over a long period. They choose the best equity mutual fund for the purpose. Since they know a little about the advantage of diversifying, they also try to invest in multiple schemes. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.42 -3.17 -9.46 4.45 Invest Now Axis Bluechip Fund-Growth ★★★★★ 8.97 -4.32 -10.02 4.34 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 8.39 0.15 -6.28 4.99 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 7.07 -1.21 -6.94 4.80 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 5.18 -10.59 -14.35 6.34 Invest Now FeaturedICICI Prudential Corporate Bond Fund Direct Plan -Growth ★★★★★ 8.74 11.93 6.48 1.77 Invest Now Upbeat about equity mutual funds? Look at these numbers Many equity mutual fund investors are suddenly feeling positive. The double-digit returns offered by most equity mutual fund categories in three- and one-month periods seem to have reassured many investors, say mutual fund advisors. Is it time to move money from savings accounts to debt mutual funds? Bank saving deposit rates are coming down and this definitely gives debt mutual funds an edge over the savings bank account in terms of post-tax returns. However, the comparison is not that easy.

TERM OF THE WEEK Pink Slip The American expression 'pink slip' is used to describe the termination notices issued by ... 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 More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 01-07-2020 1592.42 834.29 758.13 3706.39 3147.35 559.04 30-06-2020 3770.18 1920.52 1849.66 7223.99 5454.75 1769.24 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 24-06-2020 3113.18 4107.85 -994.67 6134.64 5375.81 758.83 23-06-2020 2565.37 2866.46 -301.09 7593.32 6241.43 1351.89 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 Banking & Financial Services Fund Direct-Growth 15.9942 1.91 1424.43 - 1.16 SBI Banking & Financial Services Fund Regular-Growth 15.1784 1.88 1424.43 - 2.41 HDFC Index Sensex Fund-Growth 314.5485 1.55 787.00 - 0.30 Mirae Asset Tax Saver Fund Direct-Growth 18.0280 1.49 3164.03 - 0.45 Motilal Oswal Focused 25 Fund Direct-Growth 23.9723 1.40 1185.09 - 0.91 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 BNP Paribas Long Term Equity Direct-Growth 39.6530 1.60 457.04 - 1.19 BNP Paribas Long Term Equity Fund-Growth 37.4480 1.57 457.04 - 2.42 HDFC Long Term Advantage Direct Plan-Growth 326.9250 1.55 1266.55 - 1.68 HDFC Long Term Advantage Fund-Growth 313.2090 1.54 1266.55 - 2.20 Mahindra Manulife ELSS Kar Bachat Yojana Direct -Growth 11.1130 1.51 306.15 - 0.68 Click here to view all TMF ( All Ratings) >>

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