Posted on July 18, 2008. Filed under: ooolalah resource on Equity Fund |
Equity Funds- Performance Update
Global Funds looked much better during the month. This category of funds is fast emerging as an important diversification tool in most portfolios. India was amongst the best performing equity markets, and domestic funds were delivering a much better return. However, over the recent global downslide these funds have assumed unprecedented significance.
Pharma funds that were considered a contrarian bet, have also assumed a envious place amongst the equity fund categories by losing the least. These stocks of these funds are not directly affected by fuel price rise, and with the depreciation in the rupee the exports from this sector have turned more lucrative.
Technology funds over the past month was slightly disappointing. One would’ve expected these funds to do better with the decline in the rupee.
FMCG funds also slid with fears of inflation dampening demand.
Infrastructure funds which were the most sought after, citing the outlays of government spending to justify the allocation of their assets, have been looking extremely dull. All the funds in the infrastructure category are by default growth-oriented in their orientation. At the time of recovery these funds are likely to stage an impressive comeback.
Banking funds slid miserably for the second straight month. It just keeps getting worse for the sector, with the hike in CRR, banks have fewer funds to lend, with the repo rate hike, cost of short-term borrowing has gone up further; in addition to this the 25 per cent SLR requirement means that banks hold a considerable portion in government bonds, where yields have sky rocketed to seven year highs increasing the mark to market losses. With most banks announcing a hike in their prime lending rates, NPAs are also likely to increase for the current fiscal. Benchmark’s Bank BeEs, an ETF lost the most at 23.35 per cent, while Reliance Banking fund did comparatively well than the category average.
Investors should be prepared for another tough month ahead, with a status quo on most of the contentious issues troubling the economy.
Our advise to retail investors is to hang in there, keep those systematic monthly plans going and not to indulge in any panic selling of their funds.
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Equity Diversified Funds
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Top Five
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|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| Benchmark Equity And Derivative Opportunities Fund – Growth |
0.78
|
1
|
| DSP Merrill Lynch Natural Resources & New Energy Fund – Ret – Gth |
-7.23
|
2
|
| Reliance Natural Resources Fund – Growth |
-9.39
|
3
|
| ICICI Prudential Focused Equity Fund- Retail – Growth |
-9.57
|
4
|
| HSBC Dynamic Fund – Growth |
-12.5
|
5
|
| * Absolute Returns as of June 30 |
|
Bottom Five
|
|
|
|
Scheme Name
|
1 Month Return (%)*
|
Rank
|
| DBS Chola Growth Fund -Growth |
-22.48
|
141
|
| SBI Magnum Sector Umbrella – Emerging Businesses – Growth |
-22.51
|
142
|
| DBS Chola Opportunities Fund – Cumulative |
-22.8
|
143
|
| DBS Chola Hedged Equity Fund – Growth |
-22.92
|
144
|
| JM Hi Fi Fund – Growth |
-25.42
|
145
|
| * Absolute Returns as of June 30 |
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Tax Planning Funds
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Top Five
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|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| Sundaram BNP Paribas Taxsaver – Growth |
-13.43
|
1
|
| Escorts Tax Plan – Growth |
-14.04
|
2
|
| HDFC Long Term Advantage Fund – Growth |
-14.25
|
3
|
| ICICI Prudential Taxplan – Growth |
-14.64
|
4
|
| HDFC Taxsaver – Growth |
-15.02
|
5
|
| * Absolute Returns as of June 30 |
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Bottom Five
|
|
|
|
Scheme Name
|
1 Month Return (%)*
|
Rank
|
| ABN AMRO Tax Advantage Plan – Growth |
-19.1
|
25
|
| JM Tax Gain Fund – Growth |
-19.62
|
26
|
| DBS Chola Taxsaver Fund – Growth |
-20.46
|
27
|
| Kotak Taxsaver – Growth |
-20.66
|
28
|
| Birla Sun Life Tax Relief 96 – Growth |
-22.47
|
29
|
| * Absolute Returns as of June 30 |
|
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Balanced Funds
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Top Five
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|
|
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Scheme Name
|
1 Month Return (%) *
|
Rank
|
| Escorts Opportunities Fund – Growth |
-5.64
|
1
|
| Birla Sun Life Balance Fund – Growth |
-10.03
|
2
|
| Reliance RSF – Balanced – Growth |
-10.31
|
3
|
| HDFC Balanced Fund – Growth |
-10.36
|
4
|
| DSP Merrill Lynch Balanced Fund – Growth |
-11.56
|
5
|
| * Absolute Returns as of June 30 |
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Bottom Five
|
|
|
|
Scheme Name
|
1 Month Return (%)*
|
Rank
|
| BOB Balance Fund – Growth |
-13.87
|
17
|
| LIC Balanced – Plan C (Growth) |
-14.43
|
18
|
| Canara Robeco Balance – Growth |
-14.72
|
19
|
| Birla Sun Life 95 – Growth |
-14.99
|
20
|
| JM Balanced – Growth |
-15.28
|
21
|
| * Absolute Returns as of June 30 |
|
|
Global Funds
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Top Five
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|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| Birla Sun Life International Equity Fund – Plan A – Growth |
-5.76
|
1
|
| Tata Growing Economies Infrastructure Fund – Plan A – Growth |
-8.1
|
2
|
| PRINCIPAL Global Opportunities Fund – Growth |
-8.21
|
3
|
| Tata Growing Economies Infrastructure Fund – Plan B – Growth |
-8.63
|
4
|
| Franklin Asian Equity Fund -Growth |
-9.97
|
5
|
| * Absolute Returns as of June 30 |
|
|
Index Funds
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|
Top Five
|
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| LIC MF Index Fund – Sensex Advantage Plan – Growth |
-15.31
|
1
|
| HDFC Index Fund – Sensex Plus Plan |
-16.25
|
2
|
| ING Nifty Plus Fund – Growth |
-16.29
|
3
|
| PRINCIPAL Index Fund – Growth |
-16.83
|
4
|
| LIC MF Index Fund – Nifty Plan – Growth |
-16.84
|
5
|
| * Absolute Returns as of June 30 |
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Bottom Five
|
|
|
|
Scheme Name
|
1 Month Return (%)*
|
Rank
|
| Tata Index Fund – Sensex Plan – Option A |
-17.76
|
13
|
| HDFC Index Fund – Sensex Plan |
-17.85
|
14
|
| Birla Sun Life Index Fund – Growth |
-17.88
|
15
|
| Franklin India Index Fund – BSE Sensex Plan – Growth |
-17.88
|
15
|
| LIC MF Index Fund – Sensex Plan – Growth |
-22.35
|
16
|
| * Absolute Returns as of June 30 |
|
|
Technology Sector Funds
|
|
Top Five
|
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| ICICI Prudential Technology Fund – Growth |
-12.76
|
1
|
| SBI Magnum Sector Umbrella – Infotech |
-12.91
|
2
|
| Franklin Infotech Fund – Growth |
-13.44
|
3
|
| Tata Life Sciences and Technology Fund – Appr |
-13.55
|
4
|
| DSP Merrill Lynch Technology.com Fund – Reg – Growth |
-13.86
|
5
|
| * Absolute Returns as of June 30 |
|
|
Pharma Sector Funds
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|
Top Five
|
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| UTI Growth Sector Fund – Pharma and Healthcare – Growth |
-4.11
|
1
|
| JM Healthcare Sector Fund – Growth |
-4.88
|
2
|
| Franklin Pharma Fund – Growth |
-5.26
|
3
|
| Reliance Pharma Fund – Growth |
-7.14
|
4
|
| SBI Magnum Sector Umbrella – Pharma – Growth |
-8.77
|
5
|
|
* Absolute Returns as of June 30
|
|
|
Infrastructure Sector Funds
|
| Top Five |
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| UTI Infrastructure Fund – Growth |
-16.07
|
1
|
| Tata Infrastructure Fund – Growth |
-16.88
|
2
|
| Sahara Infrastructure Fund – Variable Pricing – Growth |
-17.71
|
3
|
| Sahara Infrastructure Fund – Fixed Pricing – Growth |
-17.76
|
4
|
| ICICI Prudential Infrastructure Fund – FII Growth |
-17.9
|
5
|
| * Absolute Returns as of June 30 |
|
|
FMCG Sector Funds
|
|
Top Funds
|
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| Franklin FMCG Fund – Growth |
-11.93
|
1
|
| ICICI Prudential FMCG – Growth |
-14.31
|
2
|
| SBI Magnum Sector Umbrella – FMCG |
-14.38
|
3
|
| Birla Sun Life Buy India Fund – Growth |
-17.59
|
4
|
| * Absolute Returns as of June 30 |
|
|
MNC Sector Funds
|
| Top Funds |
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| UTI MNC Fund – Growth |
-13.75
|
1
|
| Kotak MNC Fund |
-14.36
|
2
|
| Birla Sun Life MNC Fund – Growth |
-14.61
|
3
|
| * Absolute Returns as of June 30 |
|
|
Banking Sector Funds
|
|
Top Funds
|
|
|
|
Scheme Name
|
1 Month Return (%) *
|
Rank
|
| Reliance Banking Fund – Growth |
-18.78
|
1
|
| UTI Thematic Banking Sector Fund – Growth |
-21.26
|
2
|
| JM Financial Services Sector Fund – Growth |
-22.31
|
3
|
| * Absolute Returns as of June 30 |
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