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Diversified funds have outperformed in February March 21, 2012
We bring you an update on the Fundsupermart Equity Fund Index (FEFI) performance as well as the best and the worst performing funds on Fundsupermart.com.
Author : iFAST Research Team


 Banking Funds outclass in January

FEFI PERFORMANCE UPDATE

Equity market continued its rally in February as well, after a phenomenal performance in January. The BSE Sensex index reached to 17,753 from 17,193 at the end of 2011. The positive news on global front, better economic numbers from US and signs of improvement in debt ridden Euro-zone has revived the investors sentiment for equity.   The improvement in risk appetite of global Financial Institutions has resulted in their return to emerging market economies. The FII’s had pumped in US$5127.7 million in February along with US$2037 million in January to total the inflow of US$ 7164 million in 2012. FEFI began the month with 1,851 points and closed the month at 1,930 points gaining 92 points, or up by 4.99% on a month-on-month basis.

As seen in chart 1, FEFI has managed to outperform Sensex on a monthly and year to date basis. In February, FEFI delivered returns of 4.99% while SENSEX ended the month returning 3.25%.

Chart 1: Comparative performance of FEFI with SENSEX since 31 December 2011

MARKET UPDATE

BSE Realty Index has delivered the best returns of 14.49% which was also the second best performing sectoral index in January returning 24.17%. The sectors which underperformed in 2011 has outperformed in 2012 on to hopes of probable interest rate cycle reversal. Capital Goods and Power were the other two sectors which returned close to 10% in the month of February. Other broad based indices like BSE 100, BSE 200, BSE 500, CNX 100 and CNX 500 also closed in green.

Table 1: FEFI Index levels

  FEFI Year-to-date (%) Month-to-date(%)
31 December 2011 1648.62 - -
31 January 2012 1837.89 11.48 11.48
29 February 2012 1929.56 17.04 4.99

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Diversified along with Specialty funds were the top performers in the month of February.  The top 5 slots are occupied by funds from, Midcap & Smallcap, Multicap and Dividend Yield categories. This is the second consecutive month when all top 5 places have been taken by Indian equity-oriented funds. The sectors which were severely beaten down in 2011 have outperformed in 2012.

HSBC Progressive Themes Fund was the top performer in the month of February with 11.85% returns. This fund was amongst the bottom performing fund in November and December 2011.

 

Table 2: Top 5 Equity Funds on Fundsupermart.com in February 2012

 
Category
MTD
YTD
HSBC Progressive Themes Fund (G)
Speciality
11.85%
35.00%
HSBC Midcap Equity Fund (G)
Midcap & Smallcap
11.31%
30.54%
Birla Sun Life India Opportunities Fund (G)
Multicap
10.04%
21.39%
Principal Dividend Yield Fund (G)
Dividend Yield
9.91%
23.05%
Canara Robeco Emerging Equity Fund (G)
Midcap & Smallcap
9.42%
21.85%

 

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The Global Funds that were amongst the bottom performing funds invests in companies that are engaged in commodity or precious metals business. The underperformance of gold could be the reason of underperformance of these funds. Healthcare Index was the bottom performing Index in February. The underperformance of Pharmaceuticals companies had hit the performance of Pharmaceuticals funds.

Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan was the bottom performer in February delivering negative returns close to 0.02% on a month-on-month basis.

 

Table 3: Bottom 5 Equity Funds on Fundsupermart.com in February 2012

 
Category
MTD
YTD
AIG World Gold Fund (G)
Global
-3.04%
1.93%
UTI Pharma & Healthcare Fund (G)
Pharmaceuticals
-1.23%
3.38%
Reliance Pharma Fund (G)
Pharmaceuticals
-0.34%
6.35%
Sundaram-Select Thematic Funds-Entertainment Opportunities (G)
Speciality
-0.13%
8.91%
Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan (G)
Global
-0.02%
6.96%

Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's scheme information document including statement of additional information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website.Please read our disclaimer in the website. Risk Factors: Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the Scheme or that the Scheme’s objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. Past performance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the Scheme. The name of the Scheme does not in any manner indicate the quality of the Scheme, its future prospects or returns. Please read the Statement of Additional Information and Scheme Information Document carefully before investing.



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