HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Monday, September 27, 2010

Weekly Scenario: Equity & Debt Funds Retain Their Positive Run

Strong fund flow from Foreign Institutional Investors (FIIs) had enabled front-line indices inch closer to all time peaks, despite the profit booking. Sensex and Nifty gained 2.30% and 2.27% respectively over one week period ended 24 September 2010. With Sensex breaching the 20000 level, NAV of most of the equity diversified funds touched their 52 week high. 

In the major equity fund category, NAV of Index Funds surged the most by 1.84%, Tax Savings Funds by 1.01% and Equity Diversified Funds by 0.85% during the one week period 24 September 2010. 

FMCG Funds surged 2.91%, Infotech Funds gained 1.33%, Pharma Funds added 1.23%, and Banking Funds climbed 0.79% among the sector funds. 

Indian bond yields closed mixed – the short end of the curve (1 year) witnessed a rise in yields on the back of liquidity tightening and rate hikes announced on 16 September. In contrast, yields at the long-end of the curve eased in reaction to the hike in debt FII debt investment limits and marginal cut in bond supplies. 

Among the sub categories in debt fund, Gilt – Medium & Long Term surged by 0.43%, Gilt – Short Term by 0.26%, Income Funds by 0.25%, Floating Rate Income Funds – Long Term by 0.14%, Short Term Income Funds by 0.13%, Floating Rate Income Funds - Short Term, Ultra Short Term Funds and Liquid Funds gained 0.11% each. In the ETF category, Other ETF's and Gold ETF's gained 1.49% and 0.31% respectively. 

Among the sub categories in the hybrid funds, NAV of Equity Oriented Balanced Funds surged 0.78%, followed by Debt Oriented Balanced Fund (0.37%), Monthly Income Plans (0.25%) and Arbitrage Funds (0.06%). 

Equity Diversified Funds
 
NAV of Equity Diversified Funds category gained 0.85% in the week ended 24 September 2010. Among the schemes in the equity diversified category, JM Equity Fund gained the maximum of 3.84%, followed by Reliance Quant Plus Fund which climbed 3.45%, ICICI Pru Target Returns Fund rose 2.95%, JM Large Cap Fund jumped 2.70% among others. DSP BR Small & Mid Cap Fund and JM HI FI Fund were the worst performers in this category declining 1.31% and 1.24% respectively among others. 

Tax Savings Funds
 
Tax savings Funds category gained 1.01% in the week ended 24 September 2010. HDFC Long Term Advantage Fund and Quantum Tax Savings Fund were the top performers with a return of 2.39% and 2.14% respectively during one week period. Among the other schemes in the category, Axis Tax Saver Fund rose 1.70%, Baroda Pioneer ELSS '96 climbed 1.58% and JM Tax Gain Fund surged 1.51%. Bharti AXA Tax Advantage Fund and Bharti AXA Tax Advantage Fund - Eco were the worst performer in this category declining by 0.28% each. 

Index Funds
 
All the schemes in this category ended the week as gainers. ING Nifty Plus and LICMF Index Fund – Sensex Plan were the biggest gainers in this category. Their returns stood at 2.40% and 2.38% respectively over one week time period. ICICI Pru Nifty Junior Index Fund and Benchmark S&P CNX 500 Fund ended at the bottom of the table with returns of 0.84% and 1.16% respectively. 

Sector Funds
 
NAV of Pharma Funds category advanced 1.23%, with UTI-Pharma & Healthcare Fund ending the week as the biggest gainer with an increase in NAV by 1.64%; it was followed by SBI Magnum SFU – Pharma Fund which gained 1.46%. 

Banking Funds category gained 0.79%, with JM Financial Services Sector Fund gaining 1.84% and ICICI Pru Banking & Financial Services gaining 1.16%. Reliance Banking Fund ended at the bottom of the category with a return of 0.13%. 

FMCG Funds category gained 2.91% over one week period ended 24 September 2010. ICICI Pru FMCG Fund was the top performer in this category. It's NAV appreciated by 3.96% over one week period. 

Infotech Funds category gained 1.33% over one week period ended 24 September 2010. Franklin Infotech Fund was the highest gainer which posted a return of 2.16%. 

Hybrid Funds
 
LICMF Balanced Fund and Sundaram BNP Paribas Balanced Fund were the highest gainer in equity oriented balanced fund category as their NAV appreciated by 2.45% and 2.43% respectively. Escorts Balanced Fund and ICICI Pru Child Care Plan – Gift Plan were the worst performer in this category declining 0.44% and 0.22% respectively. 

Tata Young Citizens Fund was the highest gainer in debt oriented balanced fund category as its NAV appreciated by 1.15%. SBI Magnum Children Benefit Plan was the next highest gainer by 0.81%. UTI-Mahila Unit Plan and DWS Money Plus Advantage Fund were the worst performers in this category with a return of 0.08% and 0.10% respectively. 

Debt Funds
 
Among the pure Debt funds, Birla Sun Life Gilt Plus - Regular gained 0.87%, Birla Sun Life Gilt Plus – PF Plan added 0.86%, Birla Sun Life Income Plus - Retail surged 0.82% and IDFC G-Sec Fund – PF climbed 0.82%. Religare Gilt – Long Duration was the worst performer declining 0.01%, while Tata Fixed Income Portfolio – Sch – A1 and Tata Fixed Income Portfolio – Sch – C2 declined 0.003% respectively.
Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.