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Global Funds Descend in September
October 19, 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



 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. 

MARKET UPDATE

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

  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
30 August 2011 1812.38 -16.42 -9.12
30 September 2011 1808.69 -16.59 -0.20

TOP 5 FUNDS ON FUNDSUPERMART.COM

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

 
Category
MTD
YTD
Franklin Infotech Fund
Technolgy
3.78%
-22.31%
ICICI Prudential Technology Fund
Technolgy
3.53%
-23.76%
IDFC India GDP Growth Fund
Multi Cap
2.69%
-12.27%
IDFC Tax Advantage (ELSS) Fund
ELSS
1.56%
-14.53%
Reliance Growth Fund
Midcap & Small Cap
1.35%
-18.32%

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

 
Category
MTD
YTD
Birla Sun Life Commodity Equities Fund- Global Multi Commodity Plan
Global
-11.56%
-22.34%
JPMorgan JF Greater China Equity Off-shore Fund
Global
-11.61%
-17.97%
DSP Black Rock World Mining Fund
Global
-12.30%
-23.40%
Birla Sun Life Commodity Equities Fund- Global Agri Plan
Global
-12.68%
-21.93%
Mirae Asset China Advantage Fund
Global
-14.07%
-22.31%

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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