Monthly RoundUp

Let us look at what have transpired in December 2020

1. In December 2020, markets have risen by 6.66% overall.

2. GST collection in December at all time high

This is one of those rare months where all sectors have done well . If you had remained invested through the month, your mutual fund value would have risen . How about that ! Foreign Institutional Investors (FII) have invested 60358 crores. This is almost the same amount they withdrew in March 2020. Overall investment in India is close to 100 thousand crores.

As you are aware, since last month, I compile a list of funds and sectors which have done well.

1. Banks have been on the losing streak for a long time and there has been some respite last month, but not enough.
2. Digital growth story has been intact and has an average growth of about 16% for two months in a row.

Winners

In October 2020, banking funds have done really well.

Every month I plan to do a roundup of funds which did well and things which didn’t well which gives a fair idea what kind of stocks are moving. This article talks about the mutual funds which have done well and a glimpse into their underlying scrips.