Equity Funds- Performance Update
 
Equity Funds- Performance Update

After a good showing in April, things turned sour again at the Indian bourses. Over the month of May the S&P Nifty lost (-) 5.73 per cent while the BSE Sensex lost (-) 5.04 per cent during the month.

The worst category performer amongst equity mutual funds where banking sector funds (excluding ETFs). The BSE Bankex lost (-) 12.53 per cent over the month. High inflation and a melt down in the bond market has meant that the mark-to-market losses of the banks will be on their way up. During the month SBI, the largest commercial bank, decided to temporarily restrict farm equipment loans owing to mounting NPA’s.

The Oil & Gas sector was also amongst the top losers, falling by (-) 9.64 per cent. As a result the Infrastructure specific theme funds saw a considerable loss, as most such funds maintain maximum assets in this sector. Rumors that government may ban the export of petroleum products by private refineries caused industry heavy weights like Reliance Industries to shed (-) 5.19 per cent in one trading session.

The sectors that did manage to stay in the positive territory were BSE Healthcare, Metal and IT. As a result the mutual funds dedicated to these sectors were the best performers. Owing to the poor performance of the Indian Equity market Viz. its global peers, the global category of mutual funds looked relatively better than the average diversified domestic equity fund. Amongst the equity diversified funds only three funds managed to stay in the green, while not a single tax planning fund could manage to stay afloat over the month.

We have considered only open-ended growth schemes in the various categories mentioned here.
 

Category

Average Return (%)

Minimum Return (%)

Maximum Return (%)

Technology Sector Funds

0.96

-2.08

7.73

Pharma Sector Funds

0.58

-2.08

2.57

Global Funds

0.41

-3.54

8.81

FMCG Sector Funds

-2.12

-4.2

-1.03

MNC Sector Funds

-2.76

-3.75

-1.6

Balanced Funds

-3.74

-7.03

-0.34

Equity Diversified

-4.88

-10.95

2.58

Tax Planning funds

-5.04

-9.87

-2.96

Index Funds

-5.58

-6.21

-4.87

Infrastructure Sector Funds

-7.18

-8.7

-5.16

Banking Sector Funds

-10.59

-11.28

-9.49

Absolute One Month Returns as of May 30
 

Technology Sector Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

Franklin Infotech Fund - Growth

7.73

1

UTI Growth Sector Fund - Software - Growth

3.44

2

Birla SunLife New Millennium - Growth

0.92

3

Kotak Tech Fund

-0.17

4

SBI Magnum Sector Umbrella - Infotech

-0.44

5

* Absolute Returns as of May 30
 

Pharma Sector Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

SBI Magnum Sector Umbrella - Pharma - Growth

2.57

1

UTI Growth Sector Fund - Pharma and Healthcare - Growth

1.47

2

Franklin Pharma Fund - Growth

0.95

3

JM Healthcare Sector Fund - Growth

0.01

4

Reliance Pharma Fund - Growth

-2.08

5

* Absolute Returns as of May 30
 

Global Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

PRINCIPAL Global Opportunities Fund - Growth

8.81

1

Birla Sunlife International Equity Fund - Plan A - Growth

5.53

2

Franklin Asian Equity Fund  -Growth

0.79

3

Tata Growing Economies Infrastructure Fund - Plan A - Growth

-0.52

4

Fidelity International Opportunities Fund - Growth

-0.74

5

* Absolute Returns as of May 30
 

FMCG Sector Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

Birla SunLife Buy India Fund - Growth

-1.03

1

SBI Magnum Sector Umbrella - FMCG

-1.33

2

Franklin FMCG Fund - Growth

-1.93

3

ICICI Prudential FMCG - Growth

-4.2

4

* Absolute Returns as of May 30
 

MNC Sector Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

UTI MNC Fund - Growth

-1.6

1

Birla MNC Fund - Growth

-2.94

2

Kotak MNC Fund

-3.75

3

* Absolute Returns as of May 30
 

Balanced Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

BOB Balance Fund - Growth

-0.34

1

DSP Merrill Lynch Balanced Fund - Growth

-2.52

2

Escorts Opportunities Fund - Growth

-2.7

3

Birla Balance Fund - Growth

-2.89

4

Tata Balanced Fund - Growth

-3.05

5

* Absolute Returns as of May 30

Bottom Five

 

 

Scheme Name

1 Month Return (%)*

Rank

Canara Robeco Balance - Growth

-4.55

17

SBI Magnum Balanced Fund - Growth

-4.58

18

Sundaram BNP Paribas Balanced Fund - Growth

-4.58

18

LIC Balanced - Plan C (Growth)

-5.16

19

JM Balanced - Growth

-7.03

20

* Absolute Returns as of May 30
 

Equity Diversified Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

Templeton India Equity Income Fund - Growth

2.58

1

DSP Merrill Lynch Natural Resources & New Energy Fund - Ret - Gth

1.76

2

Benchmark Equity And Derivative Opportunities Fund - Growth

0.69

3

Templeton India Growth Fund - Growth

-0.14

4

Principal Resurgent India Equity Fund - Growth

-0.72

5

* Absolute Returns as of May 30

Bottom Five

 

 

Scheme Name

1 Month Return (%)*

Rank

ABN AMRO Dividend Yield Fund - Growth

-8.68

138

Escorts High Yield Equity Plan - Growth

-8.7

139

JM Basic Fund - Growth

-9.49

140

Taurus Discovery Stock

-10.1

141

JM Hi Fi Fund - Growth

-10.67

142

* Absolute Returns as of May 30
 

Tax Planning Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

HSBC Tax Saver Equity Fund - Growth

-2.96

1

Taurus Libra Taxshield - Growth

-3.12

2

Tata Tax Saving Fund

-3.32

3

DSP Merrill Lynch Tax Saver Fund - Growth

-3.46

4

DWS Tax Saving Fund - Growth

-3.52

5

PRINCIPAL Tax Savings Fund

-3.52

5

* Absolute Returns as of May 30

Bottom Five

 

 

Scheme Name

1 Month Return (%)*

Rank

ING Tax Saving Fund - Growth

-6.42

23

ICICI Prudential Taxplan - Growth

-6.69

24

LIC Tax Plan - Growth

-7.02

25

ABN AMRO Tax Advantage Plan - Growth

-8.08

26

JM Tax Gain Fund - Growth

-9.87

27

* Absolute Returns as of May 30
 

Index Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

Franklin India Index Fund - BSE Sensex Plan - Growth

-4.87

1

Tata Index Fund - Sensex Plan - Option A

-4.87

1

UTI Master Index Fund - Growth

-4.97

2

HDFC Index Fund - Sensex Plus Plan

-5.03

3

HDFC Index Fund - Sensex Plan

-5.24

4

* Absolute Returns as of May 30

Bottom Five

 

 

Scheme Name

1 Month Return (%)*

Rank

LIC MF Index Fund - Nifty Plan - Growth

-5.9

12

Birla Index Fund - Growth

-6.09

13

SBI Magnum Index Fund - Growth

-6.11

14

LIC MF Index Fund - Sensex Advantage Plan - Growth

-6.2

15

HDFC Index Fund - Nifty Plan

-6.21

16

* Absolute Returns as of May 30
 

Infrastructure Sector Funds

Top Five

 

 

Scheme Name

1 Month Return (%) *

Rank

Tata Infrastructure Fund - Growth

-5.16

1

PRINCIPAL Infrastructure & Services Industries Fund - Growth

-5.54

2

ICICI Prudential Infrastructure Fund - FII Growth

-6.73

3

ICICI Prudential Infrastructure Fund - Growth

-6.83

4

Birla Infrastructure Fund - Growth

-7.16

5

* Absolute Returns as of May 30
 

Banking Sector Funds

Top Five

 

 

Scheme Name

1 Month Return (%)*

Rank

Reliance Banking Fund - Growth

-9.49

1

JM Financial Services Sector Fund - Growth

-11.01

2

UTI Thematic Banking Sector Fund - Growth

-11.28

3

* Absolute Returns as of May 30
 

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