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Technology Funds Outperform In January
February 13, 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



 Technology Funds Outperform In January

FEFI PERFORMANCE UPDATE

The Sensex and Nifty delivered low returns in January, but better when compared to that of the previous month. The Sensex was volatile but moved in the upward direction during the course of the month. It started off at 19,581 and closed at 19,895, posting positive returns of 2.41%. This is the seventh consecutive month of positive inflows from foreign institutional investors (FIIs). Inflows during the month amounted to Rs 22,059.20 crore. FEFI began the month with 2,199 points and ended at 2,189, up by 0.43% on a month-on-month basis.

The FEFI underperformed the Sensex by 1.98% on a monthly basis as well as on a year-to-date basis.

Chart 1: Comparative performance of FEFI with SENSEX since 31 December 2012

FEFI_Jan2013

MARKET UPDATE

More than 50% of the equity indices on the Bombay Stock Exchange (BSE) delivered positive returns for the month of January ranging from 0.10% to 12.48%.
BSE India Information Technology Index, one of the worst performers in December, outperformed all equity indices this month by delivering 12.48%.
BSE India Oil & Gas Index was next with a return of 9.87%.
These indices, along with BSE India Realty Index and BSE India Public Sector Undertakings Index, outperformed the broader indices, i.e., the Sensex and S&P CNX Nifty. The Sensex and S&P CNX Nifty delivered 2.41% and 2.20%, respectively.
BSE India Metal Index, the best performer the previous month, underperformed all equity indices and delivered -4.20% returns on a monthly basis. In addition, the indices which performed negatively this month were BSE Mid-Cap Index (-2%), BSE India Small-Cap Index (-4.14%), BSE India Auto Index (-3.78%), BSE India Capital Goods Index (-3.43%), BSE India Power Index (-1.99%), BSE India Consumer Durable Index (-1.78%) and BSE India Healthcare Index (-1.42%).

All above returns are on a month-on-month basis .

Table 1: FEFI Index levels

  FEFI Year-to-date (%) Month-to-date(%)
31 December 2012 2179.85 - -
31 January 2013 2189.14 0.43 0.43

TOP 5 FUNDS ON FUNDSUPERMART.COM

Technology funds were the top performers in January. Out of the top 5 slots, all were occupied by this category.

Table 2: Top 5 Equity Funds on Fundsupermart.com in January 2013

 
Category
MTD
YTD
SBI IT Fund (D)
Technology
11.67%
11.67%
DSP BlackRock Technology.com Fund(G)
Technology
10.85%
10.85%
Franklin Infotech Fund(G)
Technology
10.14%
10.14%
Birla Sun Life New Millennium Fund(G)
Technology
8.97%
8.97%
ICICI Prudential Technology Fund(G)
Technology
8.52%
8.52%

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom 5 slots were occupied by Commodities and Infrastructure funds.

Table 3: Bottom 5 Equity Funds on Fundsupermart.com in January 2013

 
Category
MTD
YTD
PineBridge World Gold Fund(G)
Global
-10.23%
-10.23%
DSP BlackRock World Gold Fund(G)
Global
-9.26%
-9.26%
Birla Sun Life Commodity Equities Fund Global Precious Metals Plan(G)
Global
-8.67%
-8.67%
Sundaram Select Thematic Funds CAPEX Opportunities (G)
Infrastructure
-5.80%
-5.80%
Reliance Infrastructure Fund(G)
Infrastructure
-5.55%
-5.55%

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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