It was an eventful week for the markets. BSE (Bombay Stock Exchange) announced that it's Mutual Fund platform BSE StarMF processed 98 lakh transactions totaling Rs. 50,400 Crore in the first 4 months of the ongoing Financial Year. RBI hiked repo rate by 25 basis points (bps) to 6.5%. This was second continuous rate hike by the Central Bank. India's June infrastructure output grew at a 7-month high of 6.7%.

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WHAT WORKED BEST?

The Equity markets continued there positive trend this week. BSE Sensex and NIFTY were up by 0.59% and 0.74% respectively over the week. Small Cap and Mid Cap Indexes outperformed the large-cap index and were up by 2.33% and 1.85% respectively. Pharma & healthcare was the sector of choice as 4 of the Top 5 performing funds were from that sector.

WHAT INVESTORS BOUGHT?

We saw the most inflows last week in these 5 schemes

Manvendra Singh Rathore is an analyst at Kuvera.in., a free direct plan mutual fund investing platform

First Published:Aug 4, 2018 10:55 AM IST