If the equity market was rife with blockbuster initial public offerings (IPOs) in 2020, the mutual fund industry was busy rolling out new fund offers (NFOs). The industry had launched over 40 open-ended equity schemes in 2020. As you may be aware, the market witnessed a severe crash in March amid the pandemic crisis, which resulted in subdued investor…
Despite the pandemic crisis, mid cap funds have generated significant gains in 2020, with the majority of schemes outpacing the index by a significant margin. In fact, recovery in the broader market after the pandemic-induced crash helped mid cap funds improve its performance compared to previous years (2018 and 2019). We have observed a reduction…
Amidst the economic slump during the COVID-19 crisis, the equity market witnessed several sectors such as Pharma and IT outperforming in a short span of time. Now with the domestic economy showing signs of revival and expectation of further growth, depressed sectors could make a comeback and the market could soon witness new sectoral leaders.…
Last year, the news of Franklin Templeton MF abruptly shutting down six of its debt scheme shocked the mutual fund industry and its investors. This never-seen-before event shook the confidence that investors had in the mutual fund industry. Since then market regulator, SEBI had announced a slew of measures to improve transparency in the way mutual funds…
The trend of domestic mutual funds investing in global securities gained popularity in the year 2020. Many newly launched funds during the year in various themes and categories such as Fund of Fund, ESG, Special Situations, Value, Multicap, and Largecap had a mandate to invest a portion of their assets in international equities. Some existing…
The year 2020 turned out to be a great year for the equity market despite witnessing one of the worst sell-off phases in recent times. Tracking the smart recovery of the market from the COVID-induced crash, shares of companies that debuted on exchanges this year benefitted immensely. SBI Cards and Payment Services was the first Initial…
The deadline for investing in tax-saving instruments for FY 2020-21 is fast approaching. If you have not yet started tax planning, it is time to seriously consider investing in worthy tax-saving instrument soon to avoid the last minute rush. If tax planning is viewed as part of your financial plan at the start of a…
Franklin Templeton Mutual Fund’s e-voting process to decide on the winding up of six of its debt schemes commenced on December 26. The voting process will be held from 9 am on December 26 till 6 pm on December 28 where investors can decide whether they consent to wind up of these schemes. Investors (limited number of…
The equity market has not witnessed a year as dramatic as 2020. During the year the market crashed to a multi-year low due to the uncertainty, a consequence of the pandemic, but it quickly soared to reach all time highs. This was something no expert had anticipated. The bellwether Nifty 50 index has gained 75% from its March…
When it comes to performance across market caps, we see that it differs significantly over a period. Small and mid cap stocks underperformed the large cap stocks in the past two calendar years, but turned out to be outperformers in the current year. Investors following a multicap strategy benefit from the stability of the large…
