We considered equity categories such as large cap, mid cap, small cap, ELSS, large & mid cap, focused, flexi cap, multi cap, value/contra fund categories. We considered regular and growth options. We considered CAGR on lumpsum investment.
We considered all equity categories such as large cap, small cap, mid cap, large & mid cap, flexi cap, focused fund, multi cap, ELSS, value and contra fund categories. We considered trailing returns. We considered only regular and growth options.
"In 2018, the Sebi introduced scheme categorisation which ensured that schemes are put in homogenous buckets with appropriate labelling - which enables investors to identify the profile of the scheme easily," says Sandeep Bagla, CEO, Trust Mutual Fund.
The overseas indices like NASDAQ, NASDAQ 100, NYSE, DAX, and Dow Jones were also up in the last one-year horizon, ranging from 12% to 29%. NASDAQ 100 was up by 29.68%, followed by DAX, which was up by 26.64%.
“The index inclusion process is a staggered process that starts from the middle of next year and ends by March ‘25. So, we will see flows coming into the markets over a period of time and it is a significant development from the perspective of ensuring that there is a new source of demand for government bonds.”
ETMutualFunds wanted to take a look at the performance of very large schemes to find out whether the theory holds true. We chose 21 schemes with over Rs 20,000 crore assets under management for the study.
We calculated daily rolling returns for a three-year period starting from September 18, 2020 to September 18, 2023. We considered equity categories such as large cap, mid cap, small cap, large & mid cap, ELSS, multi cap, flexi cap, focused fund, value and contra fund categories. We considered regular and growth options.
The small cap funds have received an inflow of Rs 26,305 crore this year so far, 28% of the total inflow and the highest among all equity fund categories. As a result, the assets under management (AUM) of the small cap funds rose by 61% year-on-year to Rs 1.9 lakh crore at the end of August while the overall equity MF AUM grew by 25% to Rs 18.59 lakh crore.
ETMutualFunds looked at equity mutual fund categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund, value, and contra funds. We considered regular and growth option schemes for the analysis. We considered CAGR for the period starting from September 13, 2020 to September 13, 2023.
ETMutualFunds considered equity categories such as large & mid, multi cap, ELSS, flexi cap, focused fund, value and contra fund categories for the analysis. We considered the portfolio for the month of August (the last available data). We considered regular and growth option schemes for the analysis.
The contra fund category gave an average return of around 29.19% in the three year horizon. The category has three schemes. They have offered returns ranging between 23.18%-38.87%. SBI Contra Fund offered the highest return of around 38.87% in the three year horizon.
The performance of the scheme will be benchmarked against S&P BSE Healthcare Index. The scheme will be managed by Nikhil Mathur, Dhruv Muchhal (overseas investments).
"Liquid ETFs have been designed with an aim of offering investors a highly liquid and cost-effective investment instrument. The diversified portfolio consists of short-term, low-risk debt securities, such as treasury bills, certificates of deposit, commercial papers, and collateralised lending and borrowing obligations with residual maturities ranging up to a maximum of 91 days. The units of this ETF are traded on stock exchanges just like individual stocks," says Chintan Haria, Head - Investment Strategy, ICICI Prudential AMC
The mid cap schemes are benchmarked against Nifty Midcap 100 - TRI, Nifty Midcap 150 - TRI, and S&P BSE 150 MidCap - TRI. Nifty Midcap 100 - TRI, Nifty Midcap 150 - TRI, and S&P BSE 150 MidCap - TRI lost around 3.07%, 2.96%, and 2.85%. On an average the benchmarks lost around 2.94% on Tuesday.
The monthly SIP addition remained above three million for the second month in a row. The SIP addition was 12.5 million accounts in the past 12 months. The net addition in August was 1.6 million, the highest in 23 months. The total SIP account tally reached a record 69.7 million.
The small cap mutual fund category has given an average return of 24.95% in this year so far. The category offered around 26.53% returns in six months.
What is going to happen is that eventually the stock prices finally has to find its support in terms of the earnings growth. And in the long term, it is the earnings growth that is what is going to define the percent increase in the stock price.
