New Delhi. A sell-out within the inventory market on account of coronavirus wreaked havoc, leaving no fairness mutual fund. While the Nifty has fallen by 28 per cent within the final one month, many mutual fund schemes have fallen even sooner. However, there are some schemes which noticed much less decline than different schemes. That is, traders in these schemes are at present at a loss. However, traders won’t be comforted by the truth that even the most effective performing schemes have misplaced their cash. But consultants say that the present scenario will give traders lesson in selecting their fairness product for the long run. <! –
Here we’re telling you about these 5 schemes which have fallen lower than the Nifty. The particular function of those schemes is that they’ve much less publicity within the monetary companies sector.
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ICICI Prudential Focused Equity Fund
The AUM (Asset Under Management) of this fund is Rs 571 crore. Its NAV (internet asset worth) declined by 20.14 p.c. The fund's cash has been invested in simply 21 shares, with 63.5 per cent invested within the high 10 shares. At the tip of February, the fund has a money holding of 24.5 per cent within the portfolio, whereas solely 5 per cent of capital has been invested in monetary shares.
Axis Midcap Fund
The AUM of this fund is Rs 5193 crore. Its NAV has dropped by 20.71 p.c. Axis Midcap Fund was much less affected on account of decrease inflows in monetary and personal banks, other than money holding of 18 per cent on account of robust inflows. The managers of this fund have stored the portfolio fairly diversified by investing in 50-60 shares.
UTI MNC Fund
The NAV of this fund with an AUM of Rs 2137 crore has decreased by 20.99%. Fund managers have invested extra in FMCG. The shares on this fund's portfolio embody Hindustan Unilever, Nestle, Britannia, United Spirits, Glaxo Consumer Healthcare and P&G Hygiene. The fund has 39 per cent capital funding in FMCG shares.
Axis Multicap Fund
The AUM of Axis Multicap Fund is Rs 5852 crore, whereas its NAV has fallen by 21.33 per cent. The fund has a portfolio of 30 large-cap shares. The fund has extra investments in retail and FMCG in addition to 17% money holding. The fund has invested in Avenue Supermarts, Hindustan Unilever, Nestle and Bata, which has been largely prevented.
Aditya Birla Sun Life Manufacturing Equity Fund
Aditya Birla Sun Life Manufacturing Equity Fund has an AUM of Rs 490 crore, whereas its NAV has fallen by 21.38 per cent. This fund was additionally saved by investing in FMCG and never investing in monetary and financial institution shares. Shares equivalent to ITC, GSK Consumer, Hindustan Unilever, Dabur, United Breweries and United Spirits carried out nicely for the fund.