Pharma funds offering 70% returns. Should you invest?

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THE ECONOMIC TIMES Fri, Oct 23, 2020 | 08:09 AM IST Mutual Funds Newsletter

Pharma funds offering 70% returns. Should you invest? Pharma sector funds continue to be on top of the 1-year return chart with close to 70% returns. There are five pharma and healthcare funds which have offered more than 70% returns in the last one year. Debt funds are likely to return less. What can you do? The closest proxy to fixed deposits via debt funds would be high-credit-quality funds with low-interest-rate risk. This essentially means debt funds with around 100% AAA-exposure, and a modified duration of less than three years. Should you invest in interesting mutual fund NFOs in the market? This week we spoke to Dilshad Billimoria, Founder, Dilzer Consultants, a financial advisory firm in Bengaluru, to find out the common queries of her clients. Read on. RBI policy: What is in it for mutual fund investors? The Reserve Bank of India may have held key rates in its bi-monthly policy review, but a slew of liquidity measures announced in the policy more than made up for the status-quo in rates. NFOs in vogue while established schemes see outflows Among the successful NFOs, ICICI Prudential ESG fund, a theme which is gaining prominence overseas and catching investor fancy, raised Rs 1415 crore. Axis Global Equity Alpha Fund of Fund, which will invest in an international scheme that bets on a basket of global companies, raised Rs 1181 crore. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.74 4.65 19.81 5.43 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 10.25 11.29 25.01 5.71 Invest Now Axis Bluechip Fund-Growth ★★★★★ 9.33 3.39 19.05 5.32 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 8.86 9.68 23.98 5.55 ICICI Prudential Sensex Index Fund Direct - Growth ★★★★★ 8.48 5.52 29.80 7.46 Invest Now Best banking & PSU funds to invest in 2020 Here is the monthly update on our recommended banking & PSU funds for October. Here is an update on the performance of LIC MF Banking & PSU Debt Fund: the scheme has been in the third quartile for the last four months. Sebi tightens rules on inter-scheme transfers in mutual fund schemes Inter scheme transfer refers to shifting of securities from one scheme to another within the same fund house done at the market price.

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 Quant ESG Equity Fund Direct-G Equity: Thematic Open-ended 15 Oct 30 Oct 5000.00 Quant ESG Equity Fund Reg-D Equity: Thematic Open-ended 15 Oct 30 Oct 5000.00 Quant ESG Equity Fund Reg-G Equity: Thematic Open-ended 15 Oct 30 Oct 5000.00 Quant ESG Equity Fund Direct-D Equity: Thematic Open-ended 15 Oct 30 Oct 5000.00 Axis Banking ETF Reg-G Equity: Sectoral-Banking Open-ended 16 Oct 29 Oct 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Aditya Birla SL MNC-D Equity: Thematic-MNC Open-ended 23 Oct 2020 8.18 Aditya Birla SL Balanced Advantage-D Hybrid: Dynamic Asset Allocation Open-ended 23 Oct 2020 0.11 Aditya Birla SL Frontline Equity-D Equity: Large Cap Open-ended 23 Oct 2020 1.34 Canara Robeco Conservative Hybrid Reg-DM Hybrid: Conservative Hybrid Open-ended 23 Oct 2020 0.10 Canara Robeco Equity Diversified Reg-D Equity: Multi Cap Open-ended 23 Oct 2020 2.95 * 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 19-10-2020 2378.55 3846.59 -1468.04 6170.80 4441.66 1729.14 16-10-2020 1809.17 1886.84 -77.67 9110.68 6519.82 2590.86 15-10-2020 2200.73 3052.14 -851.41 9146.89 7091.23 2055.66 14-10-2020 2205.47 2979.44 -773.97 7924.06 5455.27 2468.79 13-10-2020 2142.50 3217.71 -1075.21 8618.19 5813.44 2804.75 12-10-2020 1507.00 2171.92 -664.92 6892.57 4816.61 2075.96 09-10-2020 3058.72 2963.82 94.90 7174.25 5544.98 1629.27 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 18.0140 4.90 1457.46 - 1.10 SBI Banking & Financial Services Fund Regular-Growth 17.0369 4.88 1457.46 - 2.15 Invesco India Infrastructure Fund-Growth 16.9600 3.35 43.40 - 2.54 Mirae Asset Emerging Bluechip Fund Direct-Growth 64.8150 3.33 10982.68 - 0.79 Mirae Asset Emerging Bluechip Fund Regular-Growth 60.3200 3.31 10982.68 - 1.74 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 Franklin India Taxshield Direct-Growth 567.9483 4.45 3512.94 - 1.09 Franklin India Taxshield-Growth 529.7136 4.44 3512.94 - 1.93 DSP Tax Saver Direct Plan-Growth 53.4890 3.47 6178.95 - 0.92 ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth 399.0300 3.47 6383.63 - 1.27 ICICI Prudential Long Term Equity Fund (Tax Saving)- Growth 370.8800 3.45 6383.63 - 2.08 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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