Most of the equity fund categories witnessed gains during the week
end period 2 July 2010. Among the major equity fund categories, Equity
Diversified funds category gained 0.39%, Tax Savings Funds rose 0.22%
and Index Funds declined 0.49% during the week end period 2 July 2010.
Among the sector fund categories, Media Fund category was the biggest
gainer by 0.84%, followed by Auto Funds (0.79%), FMCG Funds (0.62%),
Banking Funds (0.82%), Telecom Fund (0.24%) and Pharma Funds (0.14%).
While Infotech Fund lost 0.49%.
Among the sub categories in the debt funds, Gilt Medium & Long
Term gained 0.33%, Income Funds surged 0.18%, Gilt Short Term rose
0.16%, Short Term Income Funds climbed 0.12%, Floating Rate Income Funds Long Term rose 0.11%, Ultra Short Term Funds and Floating Rate Income
Funds Short Term gained 0.10% each and Liquid Funds surged 0.09% over
one week period ended 2 July 2010.
The Sensex lost 113.58 points or 0.65% to 17460.95 in the week ended 2
July 2010. The S&P CNX Nifty lost 31.95 points or 0.6% to settle at
5237.10.
Buying continued in small-cap and mid-cap stocks. The BSE Small-Cap
index jumped 114.78 points or 1.28% to 9103.98. The BSE Mid-Cap index
rose 35.92 points or 0.51% at 7118.43.
Equity Diversified Funds
NAV of the Equity Diversified Funds category gained 0.39% in the week
ended 2 July 2010. Among the schemes in the equity diversified category,
JM HI FI Fund gained the maximum of 2.48%, followed by Sahara Power
& Natural Resources Fund which climbed 2.47%, Birla Sun Life Buy
India Fund rose 2.33%, IDFC India GDP Growth Fund jumped 2.21% among
others. Tata Growing Economies Infrastructure Plan A and Religare
AGILE Fund were the worst performers in this category, losing 2.78% and
1.69% respectively.
Tax Savings Funds
Tax savings Funds category gained 0.22% over one week period as on 2
July 2010. Reliance Tax Saver (ELSS) Fund and ING Tax Savings Fund were
the top performers with a return of 1.27% and 1.05% respectively during
one week period. Among the other schemes in the category, Quantum Tax
Savings Fund rose 1%, Canara Robeco Equity Tax Saver climbed 0.82% and
Sundaram BNP Paribas Tax Saver surged 0.78%. DWS Tax Savings Fund and
UTI-Equity Tax Savings Plan ended at the bottom of the table losing
0.69% and 0.40% respectively.
Index Funds
The Index Fund category lost 0.49% over one week period ended 2 July
2010. Benchmark S&P CNX 500 Fund was the only gainers in this
category, its NAV appreciated by 0.40%. HDFC Index Fund-Sensex Plus Plan
and Tata Index Fund Sensex Plan were the biggest losers declining
0.66% and 0.65% respectively.
Sector Funds
Pharma Funds category gained 0.14% over one week period ended 2 July
2010. Reliance Pharma Fund ended the week as the top performer with a
return of 0.78%, while UTI-Pharma & Healthcare Fund the only loser
in this category declining 0.46%.
Bank Funds category gained 0.02% over one week period ended 2 July 2010.
Reliance Banking Fund rose 0.56% and Sundaram BNP Paribas Financial
Services Opportunities Fund climbed 0.19%. ICICI Pru Banking &
Financial Services Fund and Sahara Banking & Financial Services Fund
were the losers in this category. Their NAV fell 0.69% and 0.31%
respectively.
FMCG Funds category rose 0.62% over one week period ended 2 July 2010.
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 1.13% over the one week period.
Infotech Funds category lost 0.38% over one week period ended 2 July
2010. Birla Sun Life New Millennium Fund and ICICI Pru Technology Fund
were the gainer in this category. Their NAV gained 0.37% and 0.07%
respectively. Franklin Infotech Fund was the biggest loser in this
category as its NAV fell 1.50%.
Hybrid Funds
Among the sub categories in the hybrid funds, Equity Oriented Balanced
Funds surged 0.36%, followed by Debt Oriented Balanced Funds (0.29%),
Monthly Income Plans (0.14%) and Arbitrage Funds (0.10%) during the one
week period ended 2 July 2010. Asset Allocation Balanced Fund lost 0.63%
SBI Magnum NRI Investment Fund-Flexi Asset and UTI-Variable Investment
Scheme lost 0.85% and 0.40% respectively under asset allocation balanced
fund category.
ICICI Pru Child Care Plan-Gift Plan and Birla Sun Life '95 Fund were the
highest gainer in equity oriented balanced fund category as its NAV
appreciated by 1.57% and 1.11% respectively. Axis Triple Advantage Fund
and HDFC Children's Gift Fund-Investment Plan were the biggest losers in
this category declining 0.28% and 0.26% respectively.
LICMF Children's Fund was the highest gainer in debt oriented balanced
fund category as its NAV appreciated by 0.97%. ICICI Pru Child Care
Plan-Study Plan was the next highest gainer by 0.74%. Among the other
schemes in the category, Escorts Opportunities Fund climbed 0.54%, SBI
Magnum Children Benefit Plan surged 0.46% and UTI-Mahila Unit Plan added
0.36%. UTI-CRTS was the worst performer in this category delivering
just 0.02%.
Exchange Traded Funds (ETFs)
Gold ETF category lost 2.26% during the week end period. All the schemes
in this category ended as losers as at the end of the week.
The other ETF category declined 0.57% during the week ended 2 July 2010.
Junior BeES and Liquid BeES were the top gainers. Their NAV gained
0.66% and 0.06% respectively. Hang Seng BeES and Bank BeES were the
biggest losers in this category. Their NAV declined by 2.74% and 0.99%
respectively.
Debt Funds
Among the sub categories in debt fund, Gilt Medium & Long Term
category gained the maximum of 0.33%. Religare Gilt Long Duration was
the highest gainer in the entire debt fund category by 3.81%, followed
by Templeton India Income Opportunities Fund which surged 0.71%, ICICI
Pru Gilt Fund - Investment climbed 0.57% and Principal Government
Securities - Investment added 0.53% among others.
