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 Excel in October
FEFI PERFORMANCE UPDATE
FEFI has ended its losing streak in October. FEFI began the month with 1783 points and closed the month at 1889 points gaining 81 points, or up by 4.45% on a month-on-month basis. However, on a Year-to- Date (YTD) basis, FEFI lost around 13.67%. FEFI witnessed the highest level during the month on 28 October at 1892 points.
As seen in chart 1, FEFI despite delivering an underperformance in the current month has managed to outperform Sensex by a reasonable margin. In October, FEFI delivered returns of 4.45% while SENSEX ended the month at a higher gain of 7.60%. On YTD basis, FEFI delivered negative returns of 12.88% in comparison to negative returns of close to 13.67% delivered by SENSEX.
All the equity indices on Bombay Stock Exchange gave returns in the range of 1.36% to 11.52%. The BSE Midcap and Smallcap indices underperformed the broader indices like Sensex and S&P CNX Nifty; the BSE Midcap and Smallcap indices gave a return of 2.75% and 1.36% respectively whereas Sensex and S&P CNX Nifty gave returns of 7.60% and 7.76% respectively.
Chart 1: Comparative performance of
FEFI with SENSEX since 31 December 2010
BSE Auto Index delivered the highest return of 11.52%; all BSE Sectoral Indices closed in the positive territory in October. The other broad based indices like BSE 100, BSE 200, BSE 500, CNX 100 and CNX 500 also closed in green.
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
31 October 2011
TOP 5 FUNDS ON
Funds belonging to Global category have been among the top performers in the month of October. The Global funds have occupied the entire slot of the top 5 funds on our platform. The underperformance of Indian Equity markets compared to major global markets in October has favored the performance of Global Funds i.e. ING Latin America Equity Fund and HSBC Brazil Fund. Unlike to this, Global Funds were the bottom performer in September.
ING Latin America Equity Fund was the top performer with 16.85% in the month of October.
Table 2: Top 5 equity funds on our
platform in October 2011
ING Latin America Equity Fund
HSBC Brazil Fund
Birla Sun Life Commodity Equities Fund- Global Multi Commodity Plan
HSBC Emerging Market Fund
Mirae Asset Global Commodity Stock Fund
BOTTOM 5 FUNDS ON FUNDSUPERMART.COM
The bottom 5 slots were shared by Thematic or Sectoral and Midcap Funds. The continuing ignorance of the Infrastructure theme by investors has affected these funds in last one and half year. And the slowdown in execution by Indian Government has further pushed down the growth prospect for major PSU and Infrastructure companies.
Sundaram Select Thematic Fund- CAPEX Opportunities Fund was the bottom performer in the month of October delivering negative returns close to 1.05% on a month-on-month basis.
Table 3: Bottom 5 Equity funds on our
platform in October 2011
Sundaram Select Thematic Fund - CAPEX Opportunity Fund
SBI PSU Fund
IDFC Sterling Equity Fund
Midcap & Smallcap
Sundaram Select Thematic Fund - Entertainment Opportunity Fund
L&T Midcap Fund
Midcap & Smallcap
The Research Team is part of iFAST Financial India Pvt Ltd
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