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
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
31 December 2011
31 January 2012
29 February 2012
30 March 2012
30 April 2012
31 May 2012
29 June 2012
31 July 2012
31 August 2012
28 September 2012
31 October 2012
TOP 5 FUNDS ON
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
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
Baroda Pioneer PSU Equity Fund(G)
Franklin Infotech Fund(G)
ICICI Pru Technology Fund(G)
UTI Energy Fund(G)
Baroda Pioneer Infrastructure Fund(G)
The Research Team is part of iFAST Financial India Pvt Ltd
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