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FEFI rises again after a blip in October
December 2, 2009

The Fundsupermart All-Equity Fund Index November Update


Author : iFAST Research Team



Untitled Document

The Indian equity market has moved back into the positive territory in terms of performance for the month ending November 2009. Unlike October, the FEFI has gained 5.78% in November.

The SENSEX and the broad index, CNX 500 have gained 6.48% and 7.59% respectively in November. However, the Dubai loan postponement has spooked the markets limiting the performance of FEFI and SENSEX in November.

As on 30 November 2009, the FEFI closed at 1755.99 points, higher than 1659.99 points as at end of October and up from the 1000 points as on 31 December 2008.

Thus, the average returns of equity funds on the Fundsupermart.com have rocketed by 75.59% in the first eleven months of the year, a strong recovery in spite of the global recession, touted as the worst crisis since the Great Depression of 1929 in the US.

Table 1: FEFI Index levels

FEFI

Year-to-date (%)

Month-to-date (%)

31 December 2008

1,000

-

-

31 January 2009

949.19

-5.08%

-5.08%

27 February 2009

908.17

-9.18%

-4.32%

31 March 2009

973.82

-2.62%

7.23%

30 April 2009

1,106.79

10.68%

13.65%

31 May 2009

1,439.46

43.95%

30.06%

30 June 2009

1,427.75

42.77%

-0.81%

31 July 2009

1550.12

55.01%

8.57%

31 August 2009

1600.99

60.10%

3.28%

30 September 2009

1714.54

71.45%

7.09%

31 October 2009

1659.99

66.00%

-3.18%

30 November 2009

1755.99

75.59%

5.78%

 

Table 2: Top 5 Equity funds on our platform in November

 

Sector

YTD Returns

MTD returns

SBI MAGNUM COMMA FUND- GROWTH

Speciality

86.64%

10.35%

SUNDARAM RURAL INDIA FUND- GROWTH

Speciality

70.26%

9.18%

RELIANCE PHARMA FUND- GROWTH

Pharmaceuticals

94.91%

9.17%

UTI-MASTER VALUE FUND- GROWTH

Contra

99.17%

9.16%

MORGAN STANLEY ACE FUND- GROWTH

Diversified

96.22%

8.99%

The majority of the funds which are focused on commodities, businesses related to agriculture and rural India like fertilizers, auto, sugar, metals, and consumer goods have performed well in the month of November. The pharmaceutical stocks were the least affected by the news of Dubai loan postponement.

Table 3: Bottom 5 Equity funds on our platform in November

 

Sector

YTD Returns

MTD returns

JM TELECOM SECTOR FUND- GROWTH

Telecom

15.64%

1.6%

FT ASIAN EQUITY- GROWTH

International

45.38%

1.5%

ICICI PRUDENTIAL INDO ASIA EQUITY FUND RETAIL- GROWTH

International

71.40%

1.1%

BSL INTERNATIONAL EQUITY PLAN A -GROWTH

International

23.32%

1.0%

ICICI PRUDENTIAL INFRASTRUCTURE FUND - GROWTH

Infrastructure

57.47%

0.9%

The majority of the funds with an exposure to international markets have lagged in returns this month. Factors such as an appreciation in the rupee and the Dubai World debt crisis have caused a fall in global indices leading to the underperformance.

   

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 offer document/scheme additional information/scheme information document. 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 in the website.

 


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