Let us look at what have transpired in December 2020 In December 2020, markets have risen by 6.66% overall. GST collection in December at all time high FII’s have invested Rs 103,156 crores in calendar year 2020. They continue to pump money in 2021 (11000+crores already added). DII’s have been net sellers in calendar year 2020. They sold 35,663 crores . In fact, DII continue to be net sellers as of today.
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. In September 2020, we saw healthcare and technology funds doing well.
As you are aware, since last month, I compile a list of funds and sectors which have done well. Banks have been on the losing streak for a long time and there has been some respite last month, but not enough. 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. Winners In September 2020, digital(technology) funds have been doing remarkably well. Some of these digital funds have : Tata Digital Fund has given an outstanding return of 14.