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Global & FMCG funds outperform in April! May 18, 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


 Technology funds were a silver lining in May

FEFI PERFORMANCE UPDATE

The equity markets (Sensex and Nifty Index) continued its poor performance in May as well on global concerns. The BSE Sensex index started the month at 17302 and closed at 16219 posting an absolute negative return of 6.35%. The domestic (mutual funds) and foreign financial institutions were net sellers in May. FEFI began the month with 1,900 points and ended the month at 1,797 points losing 103 points, down by 5.55% on a month-on-month basis.

It can be clearly seen from chart 1 that, the FEFI has outperformed the Sensex, both on a monthly basis and on a year to date basis.

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

 

MARKET UPDATE

Most of the equity indices on Bombay Stock Exchange delivered negative returns for the month of May. The returns from all the indices ranged from -0.67% to -16.65%. The BSE Midcap and Smallcap index underperformed the broader indices like Sensex and S&P CNX Nifty. The BSE Midcap and Smallcap indices posted returns of -6.46% and 7.30% respectively, whereas Sensex and S&P CNX Nifty gave returns of -6.35% and -6.17% respectively.

BSE Information Technology Index lost the least, delivering -0.67% on a monthly basis. The falling rupee is benefiting IT companies. BSE Auto was the worst performing sector in May - negative returns of 16.65%. On the one hand, the market may have been thinking about the dip in demand for petrol vehicles due to the sharp increase of petrol price by Rs. 7.50 while on the other, the news about additional excise duties on diesel vehicles would have further hurt the sentiment.

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
30 March 2012 1922.68 16.62 -0.36
30 April 2012 1902.88 15.42 -1.03
31 May 2012 1797.31 9.02 -5.55

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Technology Funds were the top performers for the month of April. Out of the top 5 slots, 3 slots were occupied by the Technology Funds. Indian IT companies generate major chunk of their revenue from overseas markets. The Indian currency has depreciated by almost 7% against dollar in May which will have positive impact for export oriented companies.

Edelweiss Equity Enhancer Fund Plan A was the top performer in April returning 0.08% returns.

 

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

 
Category
MTD
YTD
Edelweiss Equity Enhancer Fund Plan A (G)
Index
0.08%
15.06%
ING Global Real Estate Fund (G)
Global
0.08%
11.99%
ICICI Prudential Technology Fund (G)
Technology
-0.16%
10.89%
Franklin Infotech Fund (G)
Technology
-0.23%
0.30%
DSP BlackRock Technology.com Fund (G)
Technology
-1.30%
-2.70%

 

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom five slots were occupied by the Global (commodity related), Speciality and Infrastructure Funds. The global fund which focuses on commodity has occupied 2 slots out of 5 and the remaining 2 slots were occupied by the Speciality Funds.

DSP BlackRock World Mining Fund was the bottom performer in May delivering a negative return close to 11.88% on a month-on-month basis.

 

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

 
Category
MTD
YTD
DSP BlackRock World Mining Fund (G)
Global
-11.88%
-9.27%
Reliance Infrastructure Fund (G)
Infrastructure
-10.48%
10.43%
JM Basic Fund (G)
Speciality
-9.64%
11.38%
HSBC Progressive Themes Fund (G)
Speciality
-9.61%
20.17%
ING Global Commodities Fund (G)
Global
-9.44%
-5.13%

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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