Equity Fund categories were able to deliver positive returns over
the one week period ended 14 May 2010 despite the equity markets being
highly volatile. Equity Diversified fund category gained 1.54%, Tax
Savings funds rose 1.65% and Index funds climbed 1.43%. Among sector
funds, Bank fund category was the biggest gainer by 2.94%, followed by
Media Fund by 2.87%, FMCG Funds by 2.47%, Auto Fund by 1.99%, Infotech
Funds by 1.46% and Pharma Funds by 1.30%. Telecom Fund was the only
loser in the sector funds as it lost 5.70%.
Sensex climbed 225.49 points, or 1.34%, to 16994.60 in the week
ended 14 May 2010. On the other hand, the broad based Nifty settled
with a gain of 75.45 points, or 1.50%, to 5093.50 in the same period.
Major buying was seen in Realty, which gained 4.14%, followed
by Auto (3.69%), Consumer Durables (3.32%), Bankex (3.23%) and FMCG
(2.40%) and IT (2.16%). However, Metal dropped 0.44% and Capital Goods
lost 0.43%.
Mid-cap stocks moved up 1.58%, to 6942.06 in the week. While
the small-cap shares rose 1.16%, to 8810.28 during the week. The
Mid-Cap index outperformed the Sensex. But the Small-Cap index
underperformed the Sensex.
Equity Diversified Funds
Equity Diversified Fund category gained 1.54% over one week
period ended 14 May 2010. Among the schemes in the equity diversified
category, Birla Sun Life India GenNext Fund gained a maximum of 3.87%,
followed by IDFC Strategic Sector (50-50) Equity - Plan A which climbed
3.79%, Birla Sun Life Buy India Fund rose 3.43%, JM HI FI Fund surged
3.37% and Sundaram BNP Paribas India Leadership Fund jumped 3.14% among
others. Tata Growing Economies Infrastructure – Plan A and JM Basic
Fund were the worst performers in this category losing 0.92% and 0.23%
respectively.
Tax Savings Funds
Tax savings Funds category gained 1.65% over one week period as on 14
May 2010. JM Tax Gain Fund and ING Tax Savings Fund were the top
performing with a return of 3.34% and 2.72% respectively during one
week period. Among the other schemes Birla Sun Life Tax Relief '96 rose
2.53%, Sundaram BNP Paribas Tax Saver climbed 2.50% and Quantum Tax
Saving Fund surged 2.30% among others. Bharti AXA Tax Advantage Fund –
Eco and Bharti AXA Tax Advantage Fund ended as the worst performers in
this category with a return of 0.49% each over one week period.
Index Funds
The Index Fund category gained 1.43%, over one week period ended 14 May
2010. JM Nifty Plus was the highest gainer in this category as its NAV
appreciated by 2.07%. LICMF Index Fund – Nifty Plan and UTI Nifty Index
Fund were the next highest gainers by 1.54% each. Among the other
schemes in the category, Tata Index Fund – Nifty Plan (A) climbed
1.50%, SBI Magnum Index Fund surged 1.49% and Principal Index Fund
added 1.48%.
Sector Funds
Pharma Funds category gained 1.30% over one week period ended 14
May 2010. All the schemes in this category gained, with SBI Magnum SFU
– Pharma Fund ending as the top performer with 1.75%.
Bank Funds category gained 2.94% over one week period ended 14
May 2010. JM Financial Services Sector Fund rose 4.46% and ICICI Pru
Banking & Financial Services Fund climbed 3.73%.
FMCG Funds category rose 2.47% over one week period ended 14 May 2010.
SBI Magnum SFU – FMCG Fund was the top performer in this category. In
terms of NAV performance, the fund's NAV gained 3.33% over the one week
period.
Infotech Funds category rose 1.46% over one week period ended
14 May 2010. Franklin Infotech Fund was the top performer in this
category. In terms of NAV performance, the fund's NAV gained 2.11% over
the one week period.
Balanced Fund
Balanced Fund: Equity Oriented
Equity oriented balanced fund category average had gained 1.02%
during the week end period. Tata Balanced Fund was the highest gainer
in this category as its NAV appreciated by 2.35%. Birla Sun Life '95
Fund was the next highest gainer by 1.86%. Among the other schemes in
the category, UTI Balanced Fund climbed 1.82%, JM Balanced Fund surged
1.79% and HDFC Children's Gift Fund – Invt Plan added 1.66%.
Balanced Fund: Debt Oriented
Debt oriented balanced fund category average had gained 0.47%
during the week end period. UTI CCP Balanced Fund was the highest
gainer in this category as its NAV appreciated by 0.97%. UTI Unit
Linked Insurance Plan was the next highest gainer by 0.92%. Among the
other schemes in the category, DWS Money Plus Advantage Fund climbed
0.77%, UTI Retirement Benefit Pension Plan surged 0.74% and Tata Young
Citizens Fund added 0.69%.