How safe is your liquid fund?

THE ECONOMIC TIMES Fri, May 22, 2020 | 08:14 AM IST Mutual Funds Newsletter

How safe is your liquid fund?Liquid funds or any other fund which is meant for short term goals ideally should avoid taking excessive credit or liquidity risk. The latest debacle shows that some debt funds have not fulfilled this basic requirement and took undue credit risk. Franklin Templeton Mutual Fund sees outflows in debt schemes in April; equity investors stay putFranklin Templeton Mutual Fund has seen large outflows in its debt mutual fund portfolio in April, the AUM data of the fund house shows. Lockdown, weak investor sentiment impact mutual fund NFOsSo far in 2020, draft documents for 20 NFOs have been submitted with the Securities and Exchange Board of India (Sebi). Mutual fund advisors closely monitoring debt investments of clients; suggest quick remediesMutual fund advisors are playing it safe and keeping a close watch on the debt mutual fund space to avoid any nasty surprises like the Franklin Templeton episode. Mutual fund honchos on PM’s Rs 20-lakh-crore economic package, self-reliance plankThe Rs 20-lakh-crore package got everyone’s attention immediately, even though most stakeholders are waiting for the details from the finance minister later today. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 8.38 -7.83 -15.16 0.49 Invest Now Axis Bluechip Fund-Growth ★★★★★ 6.94 -8.95 -15.67 0.34 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 4.70 -7.04 -13.85 0.99 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 3.46 -8.24 -14.40 0.84 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 1.80 -15.65 -19.74 0.98 FeaturedICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan – Growth ★★★★★ -1.59 -20.00 -20.76 1.41 Invest Now TDS cut to benefit investors in equity mutual fund dividend plansThe lower rates will come into effect from May 14 and include deductions on dividend, interest, professional fees and brokerage. Investors turn cautious, start betting on large cap mutual fundsAre mutual fund investors becoming too cautious? Inflows into equity mutual fund schemes in April point to this direction.

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Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Equity Arbitrage-D Hybrid: Arbitrage Open-ended 22 May 2020 0.12 ICICI Pru Bond-DQ Debt: Medium to Long Duration Open-ended 22 May 2020 0.21 Aditya Birla SL Arbitrage-D Hybrid: Arbitrage Open-ended 22 May 2020 0.05 ICICI Pru Bond Direct-DQ Debt: Medium to Long Duration Open-ended 22 May 2020 0.23 ICICI Pru Equity Arbitrage Direct-D Hybrid: Arbitrage Open-ended 22 May 2020 0.12 * 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 19-05-2020 2151.32 1445.35 705.97 4675.88 3727.69 948.19 18-05-2020 3245.42 3464.25 -218.83 8060.88 6805.66 1255.22 15-05-2020 2489.95 1589.57 900.38 7586.45 5723.34 1863.11 14-05-2020 3039.68 2689.22 350.46 8475.98 5304.77 3171.21 13-05-2020 3542.28 3737.20 -194.92 8817.22 5843.52 2973.70 12-05-2020 4185.74 4464.28 -278.54 8242.35 5854.89 2387.46 11-05-2020 2763.23 3781.45 -1018.22 5155.83 10666.93 -5511.10 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 Parag Parikh Long Term Equity Fund Direct-Growth 25.3109 1.80 2721.94 – 1.15 Parag Parikh Long Term Equity Fund Regular-Growth 24.2894 1.78 2721.94 – 2.09 Kotak Low Duration Fund Direct-Growth 2613.7087 0.68 6748.99 – – 0.33 DSP Corporate Bond Fund Direct – Growth 12.0822 0.66 1106.24 – – 0.23 Kotak Credit Risk Fund Direct-Growth 23.2146 0.66 5104.05 – – 0.76 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 Quant Tax Plan Direct-Growth 84.3904 2.05 9.55 – 0.57 Quant Tax Plan-Growth 81.5992 2.01 9.55 – 2.48 ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan – Growth 323.0300 1.16 6282.11 – 1.40 ICICI Prudential Long Term Equity Fund (Tax Saving)- Growth 301.3000 1.14 6282.11 – 1.94 Essel Long Term Advantage Fund Direct-Growth 12.0721 0.24 56.57 – 0.83 Click here to view all TMF ( All Ratings) >>