Hello Readers!
Last year was definitely a tragic year for the mutual fund industry, it started with an upward bang, went to its lowest in mid, and finally ended with a bang in recovery. In fact, the last three months proved to be a strategic boon for the Equity sector in mutual funds.
What happened?? In the last three months, mutual funds net sold Indian equities worth over Rs 70,000 crore. During the period October 31, 2020, to February 10, 2021, the benchmark index Nifty TRI gained 30 percent where 10 equity mutual fund schemes gave an absolute return of over 45 percent.
Which schemes are these? Two schemes from each UTI and ICICI AMCs are included in the list of these 10 Equity mutual funds that have given an absolute return of over 45%.
Well, are you a participant in any of these 10 funds or not? Here are those equity funds discussed below.
SBI-ETF Nifty Bank!
This is an Index fund that emulates the Nifty Bank Index that essentially reflects the capital market performance of Indian Banks. This fund’s latest NAV (Net Asset Value) is Rs 361.37 and the fund has shown a gain of 50 percent during the period October 31 to February 10, 2021. The fund has 100% investment in Indian stocks of which 69.68% is in large-cap stocks, 3.43% is in mid-cap stocks.
Nippon Indian Banking Fund (G)!
This is an equity fund that actively invests in equity and equity-related securities of companies in the Banking Sector and companies engaged in allied activities related to the Banking Sector. This scheme’s latest NAV is Rs 304.15 and has gained 48 percent during the period October 31 to February 10, 2021. This fund has a total investment of around 96.83% in Indian Stocks, out of which it has invested 50.06% in large-cap stocks, 16.38% is in mid-cap stocks, 8.42% in small-cap stocks.
Kotak Banking ETF!
This is an open-ended exchange-traded fund which its net asset value trending at Rs 360.77. From the period of October 31 to February 10, 2021, this fund has shown a gain of 50%. This fund has its 100% investment in Indian stocks of which 69.68% is in large-cap stocks, 3.43% is in mid-cap stocks.
UTI Banking and Financial Services Fund-Reg(D)!
This fund prominently invests in shares of banks and financial services companies. Currently, its net asset value is trending at Rs 110.22 and has shown a gain of 47 percent during the period October 31 to February 10, 2021.
Aditya Birla SL Banking and Financial Services Fund-Reg(G)!
This is a fund that invests mainly in shares of banks and financial services companies. The latest trending NAV of the scheme is Rs 34.76 and has gained 47 percent during the period October 31 to February 10, 2021. This fund has a total investment of around 95.02% in Indian Stocks, out of which 68.53% is in large-cap stocks, 1.94% in mid-cap stocks, and 9.58% in small-cap stocks.
ICICI Prudential Banking And Financial Services Fund (G)!
The fund has 93.54% investment in Indian stocks of which 43.74% is in large-cap stocks, 15.63% is in mid-cap stocks, 20.3% in small-cap stocks. This fund also prominently invests in the Financial and Banking sectors. The scheme's latest net asset value (NAV) is Rs 74.90 and has gained 45 percent during the period October 31 to February 10, 2021.
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For any kind of query you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).