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Global and Specialty Funds outshine in October
November 15, 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



 Global and Specialty Funds outshine in October

FEFI PERFORMANCE UPDATE

The Sensex and Nifty delivered negative returns in October as compared to fabulous returns last month. The Sensex started the month at 18824 and closed at 18505 posting negative returns of 1.37%. For the whole month, the Sensex was volatile. This is fourth consecutive month of positive inflows from the foreign institutional investors (FIIs). The inflows from the FIIs during the month amounted to Rs. 11,364.20 Crores.  FEFI began the month with 2071 points and ended at 2048, registering a minor fall of 12.04 points, down by just 0.58% on a month-on-month basis.

Although the FEFI has underperformed the Sensex on a monthly basis but it has managed to outperform the Sensex on year-to-date basis.

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

FEFI_Oct_2012

 

MARKET UPDATE

Most of the equity indices on the Bombay Stock Exchange (BSE) delivered negative returns for the month of October.  The returns ranged from -0.03% to -4.72% for all the indices, except two, BSE India FMCG Index and BSE India Healthcare Index, which delivered positive returns of 3.27% and 1.22% month-on-month basis respectively. The BSE Midcap and Smallcap indices even though delivered negative returns outperformed the broader indices, i.e., the Sensex and S&P CNX Nifty. The BSE Midcap and Smallcap indices posted returns of -0.63% and -0.41% respectively, whereas the Sensex and the S&P CNX Nifty returned -1.37% and -1.47% respectively.

The BSE India FMCG Index was the best performer, delivering 3.27% returns on a monthly basis, whereas BSE India Power Index was the worst performing sector posting returns of -4.72% in October.

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
29 June 2012 1895.57 14.98 5.47
31 July 2012 1894.13 14.89 -0.08
31 August 2012 1900.90 15.30 0.36
28 September 2012 2059.75 24.94 8.36
31 October 2012 2047.71 24.21 -0.58

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Global and Speciality funds were the top performers in October. Out of the top 5 slots, 2 were occupied by Global and Speciality each while the last slot was occupied by a midcap and small cap fund.

Mirae Asset China Advantage Fund was the star performer for the month of October returning 7.17% on a monthly basis.

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

 
Category
MTD
YTD
Mirae Asset China Advantage-Reg(G)
Global
7.17%
12.77%
Sundaram Select Thematic Funds-Entertainment Opportunities(G)
Speciality
5.89%
24.24%
DSPBR World Mining Fund(G)
Global
5.45%
-3.27%
Reliance Media & Entertainment Fund(G)
Speciality
4.01%
38.19%
Religare Mid N Small Cap Fund(G)
Midcap & Small Cap
3.61%
33.52%

 

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom five slots were majorly occupied by the sectoral funds. The Speciality fund, Baroda Pioneer PSU Equity Fund was the worst performer delivering about -4.46% returns month-on-month basis. Technology funds were on the second and third slot followed by Power and Infrastructure fund.

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

 
Category
MTD
YTD
Baroda Pioneer PSU Equity Fund(G)
Speciality
-4.46%
9.95%
Franklin Infotech Fund(G)
Technology
-3.71%
0.70%
ICICI Pru Technology Fund(G)
Technology
-3.58%
14.22%
UTI Energy Fund(G)
Power
-3.24%
11.84%
Baroda Pioneer Infrastructure Fund(G)
Infrastructure
-3.06%
12.91%

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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