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
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
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
30 November 2012
TOP 5 FUNDS ON
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
Sundaram Select Thematic Funds Enterainment Opportunities Fund (G)
Reliance Media & Entertainment Fund(G)
IDFC Strategic Sector (50-50) Equity Fund – Plan B(G)
Birla Sun Life Buy India Fund(G)
Taurus Discovery Fund(G)
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
PineBridge World Gold Fund(G)
Birla Sun Life Commodity Equities Fund - Global Precious Metal Plan - Ret(G)
DSPBR World Gold Fund(G)
HSBC Brazil Fund(G)
ING Global Commodities Fund(G)
The Research Team is part of iFAST Financial India Pvt Ltd
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