Markets dropped 3% in a month, but equity mutual fund investors still earning profits

Domestic markets from past ten days have been falling due to various reasons. Two of the major reasons being tensions from North Korea and India's economic slowdown.

Also, rupee slipped 6 paise to a fresh six and a half month low of 65.88 against the dollar that gained clout overseas on talk of a US rate hike and the prospect of monetary stimulus pullout.

Vinod Nair, Head of Research, Geojit Financial Services Ltd, said, "Market extended losses while the rupee sank to a 6-month low on continued outflow of foreign funds. Additionally, slowdown in GST tax collection dented sentiment and investors expected that the GST-led disruption is likely to extend and will hurt earnings for the next few quarters."

Moreover, according to a PTI report, because of yesterday's nearly 500 points drop of Sensex, investors' wealth as measured by market capitalisation of BSE listed companies took a big knock of Rs 1,79,524 crore, which read Rs 1,30,55,056 crore.

In one week, Nifty and Sensex fell over 3% and on monthly basis, the drop is over 1%.

But, despite the markets turbulence, Equity Mutual Funds investors are getting high returns. 

On weekly basis, equity mutual funds gave returns of over 2% and nearly 8% on monthly basis. Have a look:

WEEKLY

1. Reliance JapanEqu DP: With net asset value (NAV) of 11.59, the fund gave returns of 2.29% in past one week.

2. Reliance JapanEquity (G): With NAV of 11.35, the fund gave returns of 2.28% in a week.

3. Aditya Birla Sun Life International Equity - Plan A (Growth): With NAV of 17.43, the fund gave return of 1.34% in a week. 

4. Invesco India Global Equity Income Fund - Direct Plan (Growth): With NAV of 12.67, the fund gave return of 1.18% in a week.

5. Invesco India Global Equity Income Fund (Growth): With NAV of 12.14, the fund gave a return of 1.16% in a week.

MONTHLY

1. Franklin FeederFEGDP (G): With NAV of 10.60, the fund gave return of 7.26% in one month.

2. Franklin Feeder FEG (G): With NAV of 10.11, the fund gave return of 7.15% in a month.

3. AdityaBSL CEFGAP DP (G): With NAV of 23.75. the fund gave return of 7.01% in a month.

4. AdityaBSL CEFGAP (G): With NAV of 23.27, the fund gave return of 6.96% in a month.

5. InvescoInd GloEqIDP (G): With NAV of 12.67, the fund gave return of 5.99% in a month.