Pharma funds offering 70% returns. Should you invest?

To keep you updated, we send Mutual Funds Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here

THE ECONOMIC TIMES Fri, Oct 16, 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 ★★★★★ 10.09 3.29 20.08 1.32 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 9.78 11.30 26.15 1.30 Invest Now Axis Bluechip Fund-Growth ★★★★★ 8.69 2.04 19.33 1.22 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 8.41 9.73 25.07 1.15 ICICI Prudential Sensex Index Fund Direct - Growth ★★★★★ 7.91 4.60 31.33 1.77 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 ITI Banking & PSU Debt Fund Direct-G Debt: Banking and PSU Open-ended 05 Oct 19 Oct 5000.00 ITI Banking & PSU Debt Fund Direct-D Debt: Banking and PSU Open-ended 05 Oct 19 Oct 5000.00 ITI Banking & PSU Debt Fund Reg-G Debt: Banking and PSU Open-ended 05 Oct 19 Oct 5000.00 ITI Banking & PSU Debt Fund Reg-D Debt: Banking and PSU Open-ended 05 Oct 19 Oct 5000.00 Aditya Birla SL Special Opportunities Fund Direct-D Equity: Thematic Open-ended 05 Oct 19 Oct 500.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Principal Hybrid Equity-DM Hybrid: Aggressive Hybrid Open-ended 16 Oct 2020 0.17 Principal Balanced Advantage-DM Hybrid: Dynamic Asset Allocation Open-ended 16 Oct 2020 0.07 Principal Balanced Advantage Direct-DM Hybrid: Dynamic Asset Allocation Open-ended 16 Oct 2020 0.08 ICICI Pru Multiple Yield Sr 10 1775D Plan A-D Hybrid: Conservative Hybrid Closed-end 16 Oct 2020 0.05 ICICI Pru Multiple Yield Sr 10 1775D Plan A Direct-D Hybrid: Conservative Hybrid Closed-end 16 Oct 2020 0.05 * 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 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 08-10-2020 3210.07 3409.18 -199.11 6300.04 5867.98 432.06 07-10-2020 1861.48 2926.90 -1065.42 5018.80 4332.62 686.18 06-10-2020 1582.98 2995.48 -1412.50 5408.92 3822.55 1586.37 05-10-2020 1736.35 2272.95 -536.60 3200.62 3506.23 -305.61 01-10-2020 2306.73 2493.04 -186.31 5439.72 4827.29 612.43 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 Axis Dynamic Bond Fund -Growth 22.7311 1.37 855.69 - - 0.67 Kotak Dynamic Bond Fund Direct-Growth 30.1090 1.09 1584.69 - - 0.45 Kotak Dynamic Bond Fund Regular-Growth 28.6971 1.08 1584.69 - - 1.15 Nippon India Gilt Securities Fund Direct-Growth 32.4865 1.07 1661.43 - - 0.63 SBI Magnum Income Direct Plan-Growth 56.4512 1.07 1431.49 - - 0.84 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 Invesco India Tax Plan Direct-Growth 60.1100 -1.05 1094.10 - 1.15 Canara Robeco Equity Tax Saver Direct- Growth 78.0100 -1.07 1111.05 - 1.21 Canara Robeco Equity Tax Saver Regular - Growth 74.0100 -1.07 1111.05 - 2.26 Invesco India Tax Plan-Growth 53.8400 -1.08 1094.10 - 2.19 बी ओ आई ए एक्‍स ए टैक्स एडवांटेज फंड - रेगुलर प्लान 61.5900 -1.09 293.78 - 2.57 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

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

Markets Watch Round up of stock, currency, bond, money and real estate market

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox.

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more.

View All

Follow Us on ET:

About us| Advertise with us| Feedback| Sitemap| Code of Ethics © 2020 Times Internet Limited.

To ensure delivery directly to your inbox, please add newsletter@economictimesnews.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here