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Precious Metals and Midcaps- The top performers in July
August 16, 2011

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


Author : iFAST Research Team



 Precious Metals and Midcaps- The top performers in July

FEFI PERFORMANCE UPDATE

FEFI turns negative after showing a slightly positive performance last month.  On a Month-to-date (MTD) basis, FEFI lost 0.56% and on a Year-to-date (YTD) basis it lost around 8%. In absolute terms, FEFI lost 11 points on MTD basis. FEFI reached 2046.91 points on 7 July 2011, the highest level during the month. With a difference of 53 points the months low was witnessed at 1994.17 on the last day of the month.

As seen in chart 1, FEFI despite delivering negative returns has managed to outperform Sensex by a huge margin. In July, FEFI has given a negative return of 0.56% while SENSEX ended the month at a higher loss of 3.44%. On YTD basis, FEFI has given a negative return of 8.04% in comparison to negative returns of close to 11% delivered by SENSEX. 

MARKET UPDATE

Most of the equity indices on Bombay Stock Exchange unlike the previous month delivered negative returns in July. The BSE Small Cap Index is the index that has gained the highest at 1.83% while the BSE Metal Index lost the maximum at 6.94% on a month on month basis.

 

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

BSE Midcap Index and BSE Small Cap Index managed to outperform the broader indices like BSE Sensex and CNX Nifty which delivered negative returns of close to 3.44% and 2.93% respectively on month-on-month basis. However, BSE Midcap Index and BSE Small Cap Index during the same time period delivered positive returns of around 0.89% and 1.83% respectively.
The other broad indices like BSE 100, BSE 200, BSE 500, CNX 100, and CNX 500 too appeared in Red in the month of July.

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
30 June 2011
2005.40
-7.52
0.62
29 July 2011
1994.17
-8.04
-0.56

 

 

 

 

 

TOP 5 FUNDS ON FUNDSUPERMART.COM

Funds from the midcap category and commodity oriented global funds have been among the top performers on our platform for the month of July. The precious metals like gold rose 6.09% on month-on-month basis; this rise proved to be beneficial for funds like DSP Black Rock World Gold Fund and Birla Sun Life Commodity Equities Fund - Global Precious Metals Plan.

ICICI Prudential FMCG Fund and SBI Magnum Emerging Businesses Fund continue to feature among the top 5 funds for second consecutive month; the former delivered around 6.52% while the latter returned close to 5.31% in July.

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

 
Category
MTD
YTD
ICICI Prudential FMCG Fund
FMCG
6.52%
20.16%
DSP Black Rock World Gold Fund
Global
5.77%
-5.71%
Magnum Sector Funds Umbrella- Emerging Businesses Fund
Midcap & Small Cap
5.31%
3.82%
Birla Sun Life Commodity Equities Fund- Global Precious Metals Plan
Global
5.19%
-9.75%
L&T Small Cap Fund
Midcap & Small Cap
4.38%
-10.71%

BOTTOM 5 FUNDS ON FUNDSUPERMART.COM

The bottom performing funds on our platform mainly belong to Technology and Global funds category. Among the sector funds while FMCG delivered positive performance, Technology and Power lagged in the race. The negative sentiment in global markets still persists which is witnessed in most of the global markets delivering negative returns in this month.

HSBC Brazil Fund lost the maximum at 6.11% on month-on-month basis.

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

 
Category
MTD
YTD
Reliance Diversified Power Sector Fund
Power
-4.60%
-21.19%
Franklin Infotech Fund
Technology
-4.64%
-14.38%
ICICI Prudential Technology Fund
Technology
-5.24%
-13.94%
ING Latin America Equity Fund
Global
-5.60%
-10.76%
HSBC Brazil Fund
Global
-6.11%
NA

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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