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November 14, 2011

Global Funds Excel in October
We bring you an update on FEFI performance as well as the best and the worst performing funds on Fundsupermart.com.

by 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. 

MARKET UPDATE

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

FEFI October 2011

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

  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
31 October 2011 1889.15 -12.88 4.45

TOP 5 FUNDS ON FUNDSUPERMART.COM

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

 
Category
MTD
YTD
ING Latin America Equity Fund
Global
16.85%
-12.02%
HSBC Brazil Fund
Global
16.01%
NA
Birla Sun Life Commodity Equities Fund- Global Multi Commodity Plan
Global
15.22%
-10.52%
HSBC Emerging Market Fund
Global
15.07%
-10.60%
Mirae Asset Global Commodity Stock Fund
Global
14.73%
-9.48%

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

 
Category
MTD
YTD
Sundaram Select Thematic Fund - CAPEX Opportunity Fund
Infrastructure
-1.05%
-26.16%
SBI PSU Fund
Speciality
-0.11%
-15.54%
IDFC Sterling Equity Fund
Midcap & Smallcap
0.08%
-8.43%
Sundaram Select Thematic Fund - Entertainment Opportunity Fund
Speciality
0.46%
-20.78%
L&T Midcap Fund
Midcap & Smallcap
0.77%
-19.31%

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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