Most of the equity fund categories witnessed gains during the week
end period 25 June 2010. Among the major equity fund categories, Equity
Diversified funds category gained 0.80%, Tax Savings funds rose 0.68%
and Index funds climbed 0.14% during the week end period 25 June 2010.
Meanwhile, equity diversified funds gained more than index funds. Among
the sector fund categories, FMCG Funds category was the biggest gainer
by 2.53%, followed by Telecom Fund (2.51%), Pharma Funds (1.62%), Auto
Fund (1.12%) and Media Funds (0.75%). While Banking Funds fell 0.42% and
Infotech Fund lost 0.63%. Heavy profit booking in banking and IT
sectors lead to the fall of these sector funds.
Among the sub categories in the debt funds, Short Term Income Funds
gained 0.11%, Floating Rate Income Funds – Long Term surged 0.10%,
Floating Rate Income Funds – Short Term, Ultra Short Term Funds and
Liquid Funds climbed 0.09% each, Income Funds rose 0.08%, and Gilt –
Short Term gained 0.02% over one week period ended 25 June 2010. On the
other hand Gilt – Medium & Long Term category declined by 0.03%.
Sensex rose 3.71 points or 0.02% to 17,574.53 in the week ended 25 June
2010. While Nifty rose 6.45 points or 0.12% to 5,269.05.
Small-cap and mid-cap indices outperformed the Sensex. The BSE Mid-cap
index jumped 1.53% to 7,082.51 and the BSE Mid-cap index gained 1.62% to
8,989.20.
Buying was seen in Consumer Durables, which gained 3.03%, followed by
Oil & Gas (3.02%), Healthcare (2.97%), FMCG (2.79%) and Realty
(2.21%). The major sectoral losers were IT and Bankex.
Equity Diversified Funds
NAV of the Equity Diversified Funds category gained 0.80% in the week
ended 25 June 2010, however the gains were lower than the previous
week's gain of 1.69%. Among the schemes in the equity diversified
category, DSP BR Natural Resources & New Energy Fund gained the
maximum of 3.34%, followed by JM HI FI Fund which climbed 3.09%, SBI
Magnum Comma Fund rose 2.82%, Tata Growing Economies Infrastructure –
Plan A jumped 2.77% among others. Religare AGILE Fund and Principal
Services Industries Fund were the worst performers in this category,
losing 1.66% and 1.43% respectively.
Tax Savings Funds
Tax savings Funds category gained 0.68% over one week period as on 25
June 2010. Sahara Tax Gain Fund and Quantum Tax Savings Fund were the
top performers with a return of 1.84% and 1.71% respectively during one
week period. Among the other schemes in the category, Fortis Tax
Advantage Plan (ELSS) rose 1.42%, ING Tax Savings Fund climbed 1.36% and
HDFC Tax Saver Fund surged 1.31%. Bharti AXA Tax Advantage Fund – Eco
and Bharti AXA Tax Advantage Fund ended at the bottom of the table
losing 0.14% and 0.09% respectively.
Index Funds
The Index Fund category gained 0.14%, over one week period ended 25 June
2010. However the category gains were lower than gains in the previous
week end period. Benchmark S&P CNX 500 Fund was the highest gainers
in this category as its NAV appreciated by 0.84%. Among the other
schemes in the category, LICMF Index Fund – Sensex Advantage Plan rose
0.55%, ING Nifty Plus climbed 0.26% and Birla Sun Life Index Fund surged
0.18%. HDFC Index Fund-Sensex Plus Plan and HDFC Index-Sensex Plus
Plan ended at the bottom of the table losing 0.06% and 0.05%
respectively.
Sector Funds
Pharma Funds category gained 1.62% over one week period ended 25 June
2010. All the schemes in this category gained, while UTI-Pharma &
Healthcare Fund ended the week as the top performer with a return of
2.36%.
Bank Funds category lost 0.42% over one week period ended 25 June 2010.
Only 2 out of 7 schemes in this category registered gains, while the
rest ended up as losers for the week end period. JM Financial Services
Sector Fund rose 0.08% and Sundaram BNP Paribas Financial Services
Opportunities Fund climbed 0.06%. Religare Banking Fund and ICICI Pru
Banking & Financial Services Fund were the major losers in this
category. Their NAV fell 0.91% and 0.81% respectively.
FMCG Funds category rose 2.53% over one week period ended 25 June 2010.
However the gains were lower than the previous week end gain of 3.60%.
All the schemes in this category were able to deliver gains. ICICI Pru
FMCG Fund was the top performer in this category. In terms of NAV
performance, the fund's NAV gained 3.61% over the one week period.
Infotech Funds category lost 0.63% over one week period ended 25 June
2010. Birla Sun Life New Millennium Fund was the only gainer in this
category. Its NAV gained 0.11%. Franklin Infotech Fund was the biggest
loser in this category as their NAV fell 1.10%.
Hybrid Funds
Among the sub categories in the hybrid funds, Equity Oriented Balanced
Funds surged 0.59%, followed by Debt Oriented Balanced Funds (0.22%),
Monthly Income Plans (0.18%), Asset Allocation Funds (0.15%) and
Arbitrage Funds (0.01%) during the one week period ended 25 June 2010.
SBI Magnum NRI Investment Fund-Flexi Asset and UTI-Variable Investment
Scheme gained 0.29% and 0.01% respectively under asset allocation
balanced fund category.
JM Balanced Fund and HDFC Balanced Fund were the highest gainer in
equity oriented balanced fund category as its NAV appreciated by 1.24%
and 1.19% respectively. HDFC Children's Gift Fund-Investment Plan was
the next highest gainer by 1.14%. Among the other schemes in the
category, ING Balanced Fund climbed 1.08%, ICICI Pru Child Care
Plan-Gift Plan surged 1.04% and DSP BR Balanced Fund added 0.98%.
Benchmark Equity & Derivatives Opportunities Fund was loser in this
category as their NAV eroded by 0.02%.
LICMF was the highest gainer in debt oriented balanced fund category as
its NAV appreciated by 0.61%. UTI-Retirement Benefit Pension Plan was
the next highest gainer by 0.39%. Among the other schemes in the
category, HDFC Children's Gift Fund-Savings Plan climbed 0.38%, UTI-CRTS
surged 0.32% and UTI-Mahila Unit Plan added 0.29%. DWS Money Plus
Advantage Fund was the worst performer in this category delivering just
0.03%.
Exchange Traded Funds (ETFs)
Gold ETF category gained 0.71% during the week end period. All the
schemes in this category ended as gainers as at the end of the week.
The other ETF category declines 0.01% during the week ended 25 June
2010. Hang Seng BeES and Junior BeES were the top performers by 2.33%
and 1.58% respectively. The only debt ETF i.e. Liquid BeES witnessed
gain of 0.08%. Bank BeES and Reliance Banking Exchange Traded Fund were
the biggest losers in this category. Their NAV declined by 1.19% and
1.18% respectively.
Debt Funds
Among the sub categories in debt fund, Short Term Income Funds category
gained the maximum of 0.11%. ICICI Pru Long Term Plan was the highest
gainer in the entire debt fund category by 0.31%, followed by LICMF Bond
Fund which surged 0.28%, IDFC G-Sec Fund - STP climbed 0.24% and SBI
Magnum Income Fund added 0.23% among others.
