This pharma fund is offering 71% returns in one year; should you invest?

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THE ECONOMIC TIMES Fri, Oct 02, 2020 | 08:10 AM IST Mutual Funds Newsletter

This pharma fund is offering 71% returns in one year; should you invest? Pharma funds have been topping the return charts since the Covid-19 pandemic hit the world. The category that invests mostly in the pharmaceutical sector has offered 58.16% returns in one year and 48.25% returns in this year to date. One of fund is ahead of others in the return charts with 71.4% returns in one year. Nervousness in the market shouldn't be a problem for investors, says Mahendra Jajoo Most investors are glued to the happenings in the stock market. However, the bond market is also going through a similar phase. There is a lot of nervousness about the future all around. ETMutualFunds.com reached out to Mahendra Jajoo, Head-fixed income, Mirae Asset India , to find out his view on the market and its future course action. Investors can add money in equity MFs through NFOs, says S Naren A top fund manager believes in the current environment it is a good strategy for investors to deploy money into equity mutual funds through new fund offers (NFOs). Gold price falling: Should you reconsider your investments in gold funds? In the international market, gold is trading around $1,850 per ounce mark. Commodity experts say that the major reason behind the slump in prices has been the rise in US dollar, since Dollar and gold have an inverse relationship. This debt mutual fund has given 62% returns in one year It should be a mistake, right? Not really. PGIM India Short Maturity Fund is offering a whopping 62% returns in the one-year period. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.40 -0.09 18.87 0.09 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 9.71 8.17 27.89 -0.40 Invest Now Axis Bluechip Fund-Growth ★★★★★ 8.97 -1.29 18.12 -0.03 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 8.35 6.65 26.90 -0.55 ICICI Prudential Sensex Index Fund Direct - Growth ★★★★★ 7.66 -0.25 29.63 -1.43 Invest Now This multi cap fund has 53% in small cap stocks, also topping return chart Amid the debate over the new investment mandate for multi cap funds, one mutual fund scheme is investing over 53% of its assets in small cap stocks. The more important point is that this scheme is topping the return chart in the last one year. ​Will your multi cap scheme become ESG fund? If so, what should you do? Mutual fund advisors believe that even though ESG has been applauded globally, the theme cannot replace multi cap schemes. Since the theme is new to Indian markets, there are not many options to invest.

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 ICICI Pru ESG Fund-G Equity: Thematic Open-ended 21 Sep 05 Oct 5000.00 ICICI Pru ESG Fund-D Equity: Thematic Open-ended 21 Sep 05 Oct 5000.00 ICICI Pru ESG Fund Direct-G Equity: Thematic Open-ended 21 Sep 05 Oct 5000.00 ICICI Pru ESG Fund Direct-D Equity: Thematic Open-ended 21 Sep 05 Oct 5000.00 Mirae Asset Ultra Short Duration Fund Direct-G Debt: Ultra Short Duration Open-ended 28 Sep 06 Oct 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Multi Asset-D Hybrid: Multi Asset Allocation Open-ended 05 Oct 2020 0.16 UTI Arbitrage Reg-D Hybrid: Arbitrage Open-ended 05 Oct 2020 0.07 Nippon India Q Interval Series I Inst-D Debt: FMP Open-ended 05 Oct 2020 0.05 Nippon India Q Interval Series I Retail-D Debt: FMP Open-ended 05 Oct 2020 0.05 ICICI Pru Multi Asset Direct-D Hybrid: Multi Asset Allocation Open-ended 05 Oct 2020 0.08 * 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 29-09-2020 2119.95 1772.62 347.33 10070.95 7458.72 2612.23 28-09-2020 2004.83 1849.59 155.24 7858.34 7997.50 -139.16 25-09-2020 3356.69 1676.95 1679.74 8247.15 6612.50 1634.65 24-09-2020 7548.99 10109.45 -2560.46 7941.38 7341.03 600.35 23-09-2020 3928.49 2295.44 1633.05 7713.00 4702.56 3010.44 22-09-2020 3549.43 2154.14 1395.29 6519.18 6454.19 64.99 21-09-2020 2768.10 3059.49 -291.39 5252.25 6546.98 -1294.73 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 Invesco India Mid Cap Fund Direct-Growth 60.5500 3.06 739.23 - 0.96 Axis Midcap Direct Plan-Growth 46.6400 2.89 5069.80 - 0.58 Axis Midcap Fund-Growth 42.4500 2.83 5069.80 - 2.02 Axis Long Term Equity Direct Plan-Growth 50.5719 2.51 18907.23 - 0.89 Parag Parikh Long Term Equity Fund Direct-Growth 32.9311 2.49 3036.15 - 1.05 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 I Direct Growth 14.8178 3.42 22.78 - 1.05 SBI Long Term Advantage Fund Series III Direct Growth 15.4546 3.42 36.88 - 0.88 SBI Long Term Advantage Fund Series I Regular Growth 14.4922 3.41 22.78 - 1.40 SBI Long Term Advantage Fund Series III Regular Growth 14.7945 3.41 36.88 - 1.38 SBI Long Term Advantage Fund Series II Direct Growth 15.7556 3.40 20.21 - 1.05 Click here to view all TMF ( All Ratings) >>

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