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FEFI Closes FY 2009-2010 with a Bang! April 7, 2010
The Fundsupermart All-Equity Fund Index March 2010 Update
Author : iFAST Research


Untitled Document

FEFI Performance UPDate

The last month of the fiscal year 2009-10 ended with a bang, with the FEFI gaining 7.05% in March 2010. This gain has provided much needed relief to the mutual fund investors who have seen negative performance for the past two months. As on 31 March 2010, the FEFI closed at 1868.57 points, registering a 7.05% gain for the month. In March the SENSEX, BSE 200, BSE 500 and CNX 500 indices gained by 6.7%, 6.2%, 6.2% and 4.5% respectively. Thus, the performance of equity fund managers was much better this month as FEFI has outperformed the market indices.

 

Chart 1: FEFI Performance for 2010


Table 1: FEFI Index levels

FEFI

Year-to-date (%)

Month-to-date (%)

31 December 2009 1831.56 - -
31 January 2010 1763.09 - -3.7%
28 February 2010 1745.48 -4.7% -1.0%
31 March 2010 1868.57 2.02% 7.05%

Table 2: Top 5 Equity funds on our platform in February

 

Sector
YTD Returns MTD Returns
RELIANCE PHARMA FUND- GROWTH Pharmaceuticals 10.9% 12.6%
RELIANCE EQUITY OPPORTUNITIES FUND - GROWTH Diversified 5.6% 9.6%
FT INDIA PRIMA FUND- GROWTH Diversified 4.0% 9.5%
SBI MAGNUM SECTOR FUND UMBERELLA PHARMA Pharmaceuticals 4.3% 9.1%
RELIGARE BANKING FUND- GROWTH Banking 9.9% 9.1%

Four of the five top performing equity funds for March are from the Pharmaceuticals and Diversified segments. The Pharmaceuticals indices have given good returns for the month of March, the BSE Healthcare index and the CNX Pharma index have risen by 8.45% and 8.75% respectively. Except for the Religare Banking fund, all the other funds have their MTD returns higher than the YTD returns. The Pharmaceuticals sector and particularly the Reliance Pharma fund have done very well so far and the Reliance Pharma Fund has given the highest YTD returns among all equity funds in India. The Reliance  Pharma Fund has appeared in our monthly top 5 performing list,  4 times since October 2009.

 Table 3: Bottom 5 Equity funds on our platform in February

  Sector YTD Returns MTD Returns
JM EMERGING LEADERS FUND - GROWTH Midcap & Small Cap -5.6% 2.6%
BSL COMMODITIES EQUITIES FUND GLOBAL MULTI COMMODITY PLAN- GROWTH Overseas -2.3% 2.1%
BSL COMMODITY EQUITIES FUND GLOBAL AGRI PLAN- GROWTH Overseas -0.1% 2.1%
BSL NEW MILLENIUM FUND- GROWTH Speciality -2.0% 2.1%
BSL COMMODITY EQUITIES FUND GLOBAL PRECIOUS METALS- GROWTH Overseas -6.6% 1.8%

Four funds from Birla Sun life mutual fund figured in the bottom 5 performing funds for March and most of the bottom 5 funds belong to the overseas category. The Rupee appreciated by 2.2% in March and this can be one of the causes for the low performance of global commodity funds.

Related Articles
Small and Mid-cap funds underperform FEFI in February 2010
FEFI falls 3.7% in January 2010
FSM All-Equity Fund Index (FEFI) rises 83% in 2009
FEFI rises again after a blip in October
FEFI Update - October
FEFI index methodology.

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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 offer document/scheme additional information/scheme information document. 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 in the website.

 


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