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FEFI turns Negative in May
June 15, 2011

We bring you an update on FEFI performance as well as the best and worst performing funds on Fundsupermart.com.


Author : iFAST Research Team



 FEFI turns Negative in May

FEFI PERFORMANCE UPDATE

After witnessing a positive trend for two consecutive months, FEFI turned negative in the month of May. FEFI began the month with 2038 points and closed the month at 1993 points losing 46 points or 2.23% on a month-on-month basis. However on YTD basis, FEFI lost around 8.10%. FEFI witnessed the lowest level during the month on 25 May at 1921 points. The highest level witnessed was on the first day of the month.

As seen in Chart 1, FEFI has outperformed Sensex in the month of May. However, both FEFI and Sensex have delivered negative MTD returns. In May, FEFI has given a negative return of 2.23% while SENSEX fell by 3.31% and on YTD basis; FEFI has given a negative return of 8.10% in comparison to negative return of 9.78% delivered by SENSEX. 

MARKET UPDATE

Out of all the equity indices on Bombay Stock Exchange only four sectoral indices gave positive returns namely BSE FMCG Index, BSE Healthcare Index, BSE Consumer Durables Index and BSE Capital Goods Index. BSE FMCG delivered the highest return of 2.74% while BSE Auto Index gained the least at negative 6.56%. BSE Small Cap index after gaining the maximum last month delivered a negative return of 5.5%.

 

 

Chart 1: Comparative performance of FEFI with SENSEX since 31 December 2010

However, BSE Mid Cap Index outperformed the broader indices like Sensex and S&P CNX Nifty; BSE Mid Cap Index delivered a negative return of 2.59% whereas Sensex and S&P CNX Nifty delivered a negative return of 3.31% and 3.29% respectively.

Table 1: FEFI Index levels

FEFI
Year-to-date (%)
Month-to-date (%)
31 December 2010
2168.51
-
-
31 January 2011
1956.11
-9.79
-9.79
28 February 2011
1859.09
-14.27
-4.96
31 March 2011
2005.88
-7.50
7.90
29 April 2011
2038.47
-6.00
1.62
31 May 2011
1992.96
-8.10
-2.23

 

 

 

 

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Funds from the Pharma sector have been among the top performers from the equity segment in the month of May. Out of the top 5 equity funds, two slots have been occupied by Pharma funds i.e. Reliance Pharma Fund and Magnum Sector Funds Umbrella- Pharma Fund. Franklin FMCG Fund which was the top performing equity fund on our platform delivered a return of 3.62%.

Both the sectoral indices i.e. BSE FMCG Index followed by BSE Healthcare Index were the top performing index among all the equity indices on Bombay Stock Exchange reflecting a positive for these funds.

Table 2: Top 5 equity funds on our platform in May 2011

 
Category
MTD
YTD
Franklin FMCG Fund
FMCG
3.62%
3.04%
Reliance Pharma Fund
Pharma
2.77%
-0.67%
JP Morgan JF Greater China Equity Offshore Fund
Global
2.51%
5.51%
Magnum Sector Funds Umbrella- Pharma Fund
Pharma
2.33%
-0.56%
Mirae Asset Emerging Blue Chip Fund
Mid Cap
2.15%
0.29%

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom performing funds from the equity segment in the month of May was a mixed bag; funds from Midcap, Infrastructure, Speciality and Banking segment appeared in this list. HSBC Midcap Equity Fund which was the second best equity fund on our platform during the previous month appeared among the bottom performing funds during the month of May.

Table 3: Bottom 5 Equity funds on our platform in May 2011

 
Category
MTD
YTD
HSBC Progressive Themes Fund
Speciality
-5.03%
-17.23%
Reliance Banking Fund
Banking
-5.37%
-8.12%
Baroda Pioneer PSU Equity Fund
Speciality
-5.66%
-9.09%
Reliance Infrastructure Fund
Infrastructure
-6.55%
-20.32%
HSBC Midcap Equity Fund
Mid Cap
-7.04%
-20.34%

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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