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Specialty Funds outshine in November
December 17, 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



 Specialty Funds outperform in November

FEFI PERFORMANCE UPDATE

The Sensex and Nifty delivered positive returns in November as compared to negative returns last month. The Sensex started the month at 18562 and closed at 19340 posting positive returns of 4.51%. At the start of the month, the Sensex was in the upward trend, later it came down and from the middle of the month, it again started moving northwards. This is the fifth consecutive month of positive inflows from the foreign institutional investors (FIIs). The inflows from the FIIs during the month amounted to Rs. 9,577.20 crores.  FEFI began the month with 2058 points and ended at 2141, registering gains of 93.07 points, up by 4.54% on a month-on-month basis.

The FEFI outperformed the Sensex with low margin on a monthly basis, but it outperformed the Sensex by more than 4% on year-to-date basis.

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

FEFI_Nov2012

 

MARKET UPDATE

All the equity indices on the Bombay Stock Exchange (BSE) delivered positive returns (except BSE India Oil & Gas Index) for the month of November.  The returns ranged from 1.03% to 15.76% for all the indices, except BSE India Oil & Gas Index, which delivered negative returns of 1.23% month-on-month basis respectively. The BSE India Consumer Durables Index and BSE India Realty Index delivered double digit returns outperforming the broader indices, i.e., the Sensex and S&P CNX Nifty. The BSE India Consumer Durables Index and BSE India Realty Index posted returns of 15.76% and 12.80% respectively, whereas the Sensex and the S&P CNX Nifty returned 4.51% and 4.63% respectively.

The BSE India Consumer Durables  Index was the best performer, delivering 15.76% returns on a monthly basis, whereas BSE India Oil & Gas Index was the worst performing sector posting returns of -1.23% in November.

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
30 November 2012 2140.78 29.85 4.54

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Speciality funds were the top performers in November. Out of the top 5 slots, 4 were occupied by Speciality while the last slot was occupied by a Contra & Value fund.

Sundaram Select Thematic Funds – Entertainment Opportunities Fund was the star performer for the month of November returning 14.14% on a monthly basis.

 

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

 
Category
MTD
YTD
Sundaram Select Thematic Funds Enterainment Opportunities Fund (G)
Speciality
14.14%
41.81%
Reliance Media & Entertainment Fund(G)
Speciality
10.23%
52.32%
IDFC Strategic Sector (50-50) Equity Fund – Plan B(G)
Speciality
10.22%
18.35%
Birla Sun Life Buy India Fund(G)
Speciality
9.19%
40.60%
Taurus Discovery Fund(G)
Contra &Value
8.42%
49.01%

 

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom five slots were majorly occupied by the Global funds. PineBridge World Gold Fund was the worst performer delivering about -8.90% returns month-on-month basis.

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

 
Category
MTD
YTD
PineBridge World Gold Fund(G)
Global
-8.90%
-4.46%
Birla Sun Life Commodity Equities Fund - Global Precious Metal Plan - Ret(G)
Global
-4.29%
-2.94%
DSPBR World Gold Fund(G)
Global
-3.96%
-2.16%
HSBC Brazil Fund(G)
Global
-2.38%
0.24%
ING Global Commodities Fund(G)
Global
-2.29%
-2.24%

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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