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Global Funds Mishmash In December
January 15, 2013

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 Funds Mishmash In December

FEFI PERFORMANCE UPDATE

The Sensex and Nifty delivered low returns in December as compared to fabulous returns the previous month. The Sensex was volatile during the course of the month and started off at 19,340 and closed at 19,427, posting positive returns of 0.45%. This is the sixth consecutive month of positive inflows from the foreign institutional investors (FIIs). The inflows from the FIIs during the month amounted to Rs 25,087.80 crore.  FEFI began the month with 2,147 points and ended at 2,180, registering gains of 39.07 points, up by 1.82% on a month-on-month basis.

The FEFI outperformed the Sensex by 1.38% on a monthly basis, but on year-to-date basis it outperformed the Sensex by more than 6%.

 

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

FEFI_Dec_2012

 

MARKET UPDATE

Most of the equity indices on the Bombay Stock Exchange (BSE) delivered positive returns for the month of December.  The returns ranged from 0.45% to 6.91% for these indices. The indices which delivered positive returns outperformed the broader indices, i.e., the Sensex and S&P CNX Nifty. The indices which performed negatively were BSE India Consumer Durable Index, BSE India Information Technology Index, BSE India Communication Technology Index, BSE India Fast Moving Consumer Goods Index, and BSE India Capital Goods Index.  These indices delivered -3.89%, -3.47%, -2.83%, -2.02%, and -1.91% respectively.

The BSE India Metal Index was the best performer, delivering 6.91% returns on a monthly basis, whereas BSE India Consumer Durable Index was the worst performing sector posting returns of -3.89% in December.

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
31 December 2012 2179.85 32.22 1.82

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Global funds were the top performers in December. Out of the top 5 slots, 4 were occupied by this category while the last slot was occupied by a Mid & Small Cap fund.

HSBC Brazil Fund was the star performer for the month of December returning 8.81% on a monthly basis.

 

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

 
Category
MTD
YTD
HSBC Brazil Fund(G)
Global
8.81%
9.08%
JPMorgan Emerging Europe Middle East And Africa Equity Offshore Fund(G)
Global
6.87%
23.55%
HSBC Emerging Markets Fund(G)
Global
6.65%
23.51%
ING Latin America Equity Fund(G)
Global
6.33%
8.63%
Magnum Sector Funds Umbrella - Emerging Business Fund(G)
Mid cap & Small cap
5.88%
56.75%

 

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom five slots were occupied by the Global and Technology funds. Birla Sun Life Commodity Equities Fund – Global Precious Metal Plan was the worst performer delivering a return of -6.19% month-on-month basis.

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

 
Category
MTD
YTD
Birla Sun Life Commodity Equities Fund - Global Precious Metal Plan(G)
Global
-6.19%
-8.94%
DSP BlackRock World Gold Fund(G)
Global
-3.75%
-5.83%
Birla Sun Life New Millennium Fund(G)
Technology
-3.42%
3.67%
Franklin Infotech Fund(G)
Technology
-3.02%
0.26%
Sundaram Select Thematic Funds Entertainment Opportunities Fund(G)
Speciality
-2.35%
38.47%

 


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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