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
Global Funds Descend in September
FEFI PERFORMANCE UPDATE
FEFI continues its losing streak for third consecutive month. FEFI began September with 1848 points and closed the month at 1809 points losing 3.69 points, or down by 0.20% on a month-on-month (m-o-m) basis. However, on Year-to- date (YTD) basis, FEFI lost around 16.59%. FEFI witnessed the lowest level during the month on 26 September at 1793 points.
As seen in chart 1, FEFI despite delivering negative returns has managed to outperform Sensex by a huge margin. In September, FEFI has given a negative return of 0.20% while SENSEX ended the month at a higher loss of 1.34%. On YTD basis, FEFI has given a negative return of 16.59% in comparison to negative returns of close to 19.77% delivered by SENSEX.
All the equity indices on Bombay Stock Exchange gave returns in the range of negative 10.82% to positive 4.22%. The BSE Midcap and Small Cap indices underperformed the broader indices like Sensex and S&P CNX Nifty; the BSE Midcap and Small Cap indices gave a negative return of 2.30% and 3.51% respectively whereas Sensex and S&P CNX Nifty gave negative returns of 1.34% and 1.15% respectively.
Chart 1: Comparative performance of
FEFI with SENSEX since 31 December 2010
BSE IT Index delivered the highest return of 4.22% while BSE Capital Goods Index lost the maximum at 10.82%. The other broad based indices like BSE 100, BSE 200, BSE 500, CNX 100 and CNX 500 gave negative returns in September.
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
30 September 2011
TOP 5 FUNDS ON
Funds belonging to the IT sector category have been among the top performers in the month of September. The IT funds occupy two slots out of the top 5 funds on our platform. BSE IT Index gaining higher returns compared to other indices favored the performance of these IT oriented funds i.e. Franklin Infotech Fund and ICICI Prudential Technology Fund in September.
Franklin Infotech Fund was the top performer with 3.78% in the month of September.
Table 2: Top 5 equity funds on our
platform in September 2011
Franklin Infotech Fund
ICICI Prudential Technology Fund
IDFC India GDP Growth Fund
IDFC Tax Advantage (ELSS) Fund
Reliance Growth Fund
Midcap & Small Cap
BOTTOM 5 FUNDS ON FUNDSUPERMART.COM
Global Funds were the bottom performing funds in the month of September. In the year 2011, this is the third time when all the top 5 slots have been occupied by Global Funds. The negative performance of most global markets, to an extent; weighted on the performance of global funds.
Mirae Asset China Advantage Fund was the bottom performer in the month of September delivering negative returns close to 14.07% on a month-on-month basis.
Table 3: Bottom 5 Equity funds on our
platform in September 2011
Birla Sun Life Commodity Equities Fund- Global Multi Commodity Plan
JPMorgan JF Greater China Equity Off-shore Fund
DSP Black Rock World Mining Fund
Birla Sun Life Commodity Equities Fund- Global Agri Plan
Mirae Asset China Advantage Fund
The Research Team is part of iFAST Financial India Pvt Ltd
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