Mutual Fund Portfolio Trends in India - May 2019


Key stocks that were added during the month of January by the Mutual funds were TCS, ICICI, Kotak Bank, HDFC Bank, Ultratech Cement, Cipla, etc while stock while stocks that saw complete exits from the portfolio were Mirza International, Sintex, Him Teknoforge, Geojit Financial, etc. New stock entries were Polycab, Metropolis, Rail Vikas, Neogen which were IPOs.

Synopsis of the report and Industry Trends

As per the AMFI data the MF industry witnessed one lakh crore inflow during the month of April across all the fund categories with Liquid funds being the main gainers in terms of inflows.

Pure equity funds saw an muted inflow of 4,168cr as compared to 9,000cr in the previous month. Surprisingly ETF witnessed outflows in April, which is probably profit booking after healthy gains in the large caps segment during Feb and March. ETF saw outflow of 4,259cr.

Mutual Fund Flows
Mutual Fund Flows May 2019

SIP book of the MF industry remains healthy at 8,238cr per month. The yearly incremental growth picked up after being stagnant for quite a few months.
SIP book of MF industry May 2019

Top 5 Asset Gainers
Top 5 Asset Gainers May 2019

Top 5 Asset Losers
Top 5 Asset Losers May 2019

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Share Market Today - 17th May 2019

NIFTY DAILY CHARTFinally the bulls retaliated back during yesterday’s session in the absence of any negative triggers. The domestic markets started the session with an upside gap and gained momentum as the day progressed. Eventually, the index Nifty spot closed with decent gain of 100 points. Meanwhile, the Nifty Bank index too surged around 250 points but is still trading below 29K mark. Despite a bullish session, the market breadth remained in the favour of declining counters throughout the session which indicated selling in individual stocks. On the sectoral front, apart from NIFTY PHARMA (-0.21%) all the other group indices closed in positive terrain. With regards to gainers, NIFTY MEDIA (+2.26%) and NIFTY METAL (+1.17%) stocks were the biggest performers. From the F&O space, TATAGLOBAL (+11.56%), TATACHEM (+8.66%) and ZEEL (+8.56%) were the leaders. MARKET OUTLOOK As expected, buying emerged from the lower levels during yesterday’s session. However, Nifty is yet to clear the initial hurdle of 11300. Hence we maintain our stance that a move above 11300 could trigger fresh momentum on the upside. In such scenario, Nifty has potential to retest 11400 – 11600 levels. In the upcoming sessions, 11100 - 11000 might act as strong base for the bulls and hence traders can use a dips from here to initiate fresh long positions. Short term traders can follow a stop of 11000 but traders willing to hold positions with regards to election verdict might accumulate the index fut with a stop below 10700. We advise traders to avoid over leveraged positions and follow strict stop loss.BANKNIFTY : HOURLY CHART Outlook : Bullish Given above is the hourly chart of NIFTY BANK index which depicts that the index was falling in a shrinking range The index confirmed a breakout from that range which resembles bullish “Falling Wedge’ pattern The price action is accompanied with a breakout in RSI too which indicates fresh upside Traders can buy the index future near 28900 with a stop of 28500 for the target of 29700 Disclaimer)

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Daily Commodity Research Report – 15th May 2019

BULLION Gold prices dips as President Trump denies for trade talk breakdown. Trend firm. Review Yesterday, both the precious metals were traded flat to negative in international markets. Gold settled at $1296.30 per troy ounce down by 0.42% while silver settled at $14.81 per troy ounce up by 0.00%. Domestic markets were settled negative due to strength in rupee. Gold settled at Rs.32241 per 10 gram with the loss of 0.79% and MCX Silver settled at 37521 per 1 kilogram with the loss of 0.34%. Gold prices dip below $1300 levels in yesterday’s trade after U.S. President Donald Trump denies for breakdown in trade talk with China. He twitted trade talk with China is not collapsed, U.S. has a very good dialogue with China and his relationship with China is extraordinary. After president Trump twit gold seen profit booking but looking to the trade dispute and geo-political tensions in gulf we expect gold with hold key support of $1292 in international markets. Gold is having support at $1292-1288 and resistance at $1304-1308. Silver is having support at $14.66-14.54 while resistance at $14.94-15.10. TECHNICAL OUTLOOK Today, Gold is having support at 32163-32086 while resistance at 32386-32532, silver is having support at 37394-37267 and resistance at 37705-37889. Traders are suggested to trade in a range with strict stop loss. ENERGY Crude oil gain on Saudi oil attack again; trade war fear limits gain. Trend volatile. Review Yesterday, Crude oil prices gain more than 1% in international market WTI Crude settled at $61.78 while Brent settled at $71.24 per barrel. At MCX Crude oil settled positive at 4352 per barrel with the gain of 0.93%. Saudi Arabia reported attacks against its oil industry for a second day in a row Tuesday, but instead of heightened trade war fears to depress the market, U.S. President Donald Trump said he could have a "very fruitful meeting" at the G20 next month with his Chinese counterpart Xi Jinping. Unidentified drones attacked two pumping stations belonging to Saudi Aramco, the state oil company of Saudi Arabia, forcing it to suspend some operations to assess the damage, the government in Riyadh announced Tuesday. Tensions in gulf support crude oil prices but trade tensions between US-China and rising U.S. crude output limits gain. We expect crude oil prices remain volatile and will trade in range between $60.50-62.40. Crude oil is having support at $61.20-60.50 and resistance at $62.10-62.40. TECHNICAL OUTLOOK Crude oil is having support at 4293-4234 while resistance at 4394-4434, trades are suggested to trade in a range with strict stop loss. BASE METALBase metals rebound on bargain hunting; trade talk hopes. Trend volatile. ReviewYesterday, base metal prices settled positive in international market. 3M LME copper settled at $6042 per metric ton up by 0.33% from previous close. Base metal prices rebound on Tuesday after a sharp fall on Monday as China retaliate U.S. tariff and imposed tariff on $60 billion U.S. goods import. After a U.S. President Donald trump statement to have talk with Chinese president next month to resolve trade dispute, base metals react positively. U.S. President Donald Trump said he could have a "very fruitful meeting" at the G20 next month with his Chinese counterpart Xi Jinping. Trump is also twit as US-China trade talk is not breakdown. We expect looking to the trade tensions between US-China and volatility in dollar, base metal prices remain volatile. Today, Copper is having support around 424-422 while resistance at 428-431. Nickel will trade in a range of 822-858, Zinc will trade in a range of 212-217, and Lead will trade in a range of 125-130 while Aluminium trade in a range of 148-153. TECHNICAL OUTLOOK Copper is having support at 424 and 422 while resistance at 428 and 431, traders are suggested to trade as per levels with strict stop loss. AGRI COMMODITYSoybean gain on lower monsoon prospect and rebound in CBOT. Trend volatile. ReviewYesterday, Soybean settled positive in domestic markets at 3745 per quintal with the gain of 1.35%. CBOT were settled at 830. Soybean prices gained more than 1% as sky met hints for below monsoon between June-September; rebound in CBOT also supports soybean prices. Other commodities witness profit booking due to strength in rupee and hope of resume trade talk between US-China. Profit booking seen in most of the commodities at NCDEX, Chana settled with the loss of 0.53%, Castor seed settled negative with the loss of 0.56%. RM Seed closed negative with the loss of 0.41%. Guar Seed settled negative with the loss of 0.65% while Guar Gum settled with the loss of 0.02%. Spices pack settled mixed; Coriander and Turmeric settled positive while Jeera settled negative. Cotton seed oilcake closed negative with the loss of 0.37%. Cotton prices rebound on trade talk hopes and closed positive. Refined Soyoil closed positive with the gain of 0.94%. We expect Refined Soyoil to trade in a range of 760-748.TECHNICAL OUTLOOK Soybean is having support around 3720-3690 while resistance at 3780-3800, Refined Soyaoil is having support at 750-748 while resistance at 757-760 traders are suggested to trade as per levels with strict stop loss. News Source: Bloomberg,, and ticker news.     Disclaimer: This document is not to be construed as an offer to sell or the solicitation of an offer to buy any commodity. Recipients of this document should be aware that past performance is not necessarily a guide for future performance and price and value of investments can go up or down. The suitability or otherwise of any investments will depend upon the recipients particular circumstances. The information contained in this document has been obtained from sources that are considered as reliable though its accuracy or completeness has not been verified by IndiaNivesh independently and cannot be guaranteed. Neither IndiaNivesh nor any of its affiliates, its directors or its employees accepts any responsibility or whatever nature for the information, statements and opinion given, made available or expressed herein or for any omission or for any liability arising from the use of this document. Opinions expressed are our current opinions as of the date appearing on this material only. IndiaNivesh directors and its clients may have holdings in the commodity and currencies mentioned in the report.)

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