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
Gold Funds Outplay in August
FEFI PERFORMANCE UPDATE
FEFI continues the downward trend for the second month in a row.
In the year 2011, this is the second month after January where FEFI lost the maximum.
FEFI began the month with 2000 points and closed the month at 1812 points losing 182
points, or down by 9.12% on a month-on-month (m-o-m) basis. On a Year–to-Date (YTD)
basis, FEFI has lost 16.42%. During the month, FEFI reached a low of 1768 points.
As seen in Chart 1, both FEFI and Sensex have delivered negative
Month-to-Date (MTD) and YTD returns. On a month-on-month basis Sensex lost 8.36% which
is slightly lower than FEFI which lost close to 9.12%; however, on YTD basis, Sensex
underperformed FEFI by losing 18.69% where as FEFI lost around 16.42% during the same
The month of August did not seem to favour equity markets with
all the indices on Bombay Stock Exchange delivering negative returns on MTD basis.
Among all the indices, BSE FMCG Index lost the least at 3.51%; BSE Real Estate took
the maximum hit by losing around 14.78% during the month.
Chart 1: Comparative performance of
FEFI with SENSEX since 31 December 2010
In case of broader indices like Sensex and Nifty; the trend
reversed from the last month, with both these indices losing close to 8.36% and 8.77%
and outperforming BSE Midcap Index and BSE Small Cap Index; which delivered negative
returns close to 9.28% and 14.14%, respectively.
Table 1: FEFI Index levels
31 December 2010
31 January 2011
28 February 2011
31 March 2011
29 April 2011
31 May 2011
30 June 2011
29 July 2011
30 August 2011
TOP 5 FUNDS ON
Out of the top 5 equity funds on our platform, 4 belong to the
global category; the top three commodity oriented funds dazzled in the month of August
with positive returns. With most domestic and global equity markets witnessing a
downfall this month, gold played its part of the safe haven asset, gaining close to 12%
on month-on-month basis.
Both DSP Black Rock World Gold Fund and Birla Sun Life Commodity
Equities Fund - Global Precious Metals Plan appeared among the top 5 funds for second
Table 2: Top 5 equity funds on our
platform in August 2011
DSP Black Rock World Gold Fund
AIG World Gold Fund
Birla Sun Life Commodity Equities Fund- Global Precious
DWS Global Agribusiness Offshore Fund
IDFC Asset Allocation Fund of Fund- Aggressive Plan
BOTTOM 5 FUNDS ON FUNDSUPERMART.COM
The bottom performing funds for the month is not concentrated in a
particular category but came from various categories like Infrastructure, Speciality,
Midcap & Small cap and Technology. ICICI Technology Fund was the bottom performer
which lost the maximum at 14.43% for the month of August.
On YTD basis, Reliance Infrastructure Fund lost the maximum at
Table 3: Bottom 5 Equity funds on our
platform in August 2011
Reliance Infrastructure Fund
Sundaram- Select Thematic Funds- Entertainment Opportunities
HSBC Progressive Themes Fund
HSBC Midcap Equity Fund
Midcap & Small Cap
ICICI Prudential Technology Fund
The Research Team is part of iFAST Financial India Pvt Ltd
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
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advice herein is made on a general basis and does not take into account the specific
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