Equity Fund categories were able to deliver positive returns over the one week period ended 28 May 2010, despite facing losses during the previous week. Equity Diversified fund category gained 1.55%, Tax Savings funds rose 1.64% and Index funds climbed 2.56%. Equity index fund category has delivered better returns than the equity diversified fund category over the one week ended 28 May 2010. Among sector funds, Infotech Funds category was the biggest gainer by 2.74%, followed by FMCG Funds by 2.35%, Auto Fund by 1.79%, Pharma Funds by 1.46%, Banking Funds by 1.30%, Telecom Fund by 0.18% and Media Fund by 0.07%.
Among the sub categories in the debt fund category, Floating Rate Income Funds – Short Term & Long Term and Ultra Short Term Funds gained 0.09% each, Liquid Funds and Short Term Income Funds surged 0.08% and 0.05% over the week end period. While Gilt – Medium & Long Term, Gilt – Short Term and Income Funds lost 0.26%, 0.08% and 0.07%.
The BSE Sensex rose 417.45 points or 2.54% to 16863.06. The S&P CNX Nifty gained 135.40 points or 2.75% to 5066.55.
Major buying was seen in Realty, which gained 4.15%, followed by Oil (3.42%), Power (3.26%), IT (3.06%) and FMCG (2.97%) and Tech (2.30%). However, Consumer Durables dropped 2.15%.
Mid-cap stocks moved up 1.01%, to 6756.01 during the week end period. While the small-cap shares rose 0.94%, to 8494.45 during the week end period. Mid-Cap and Small-Cap index underperformed the Sensex and Nifty.
Equity Diversified Funds
Equity Diversified Fund category gained 1.55% over one week period ended 28 May 2010. This category was able to come out of the losses it incurred during the previous week. Among the schemes in the equity diversified category, Taurus Ethical Fund gained the maximum of 3.47%, followed by JM Equity Fund which climbed 3.17%, HDFC Growth Fund rose 2.84%, ICICI Pru Target Returns Fund & IDFC Enterprise Equity Fund - A jumped 2.75% each among others. Tata Growing Economies Infrastructure – Plan A and Sundaram BNP Paribas Entertainment Opportunities were the worst performers in this category, losing 2.76% and 0.71% respectively.
Tax Savings Funds
Tax savings Funds category gained 1.64% over one week period as on 28 May 2010. This category moved into the positive territory after witnessing loss of 3.18% during the previous week end period. HDFC Long Term Advantage Fund and JPMorgan India Tax Advantage Fund were the top performers with a return of 2.61% and 2.59% respectively during one week period. Among the other schemes in the category, Axis Tax Saver Fund rose 2.54%, Birla Sun Life Tax Plan climbed 2.50% and ICICI Pru Tax Plan surged 2.20% among others. JM Tax Gain Fund and Edelweiss ELSS Fund ended as the worst performers in this category with a return of 0.24% and 0.70% respectively over one week period.
Index Funds
The Index Fund category gained 2.56%, over one week period ended 28 May 2010. All the schemes in this category gained during the week end period, compared with a loss during the previous week end period. HDFC Index Fund-Nifty Plan was the highest gainer in this category as its NAV appreciated by 2.80%. JM Nifty Plus Fund and ICICI Pru Index Fund-Nifty Plan were the next highest gainers by 2.79% and 2.77%. Among the other schemes in the category, SBI Magnum Index Fund climbed 2.75%, LICMF Index Fund – Nifty Plan & UTI-Nifty Index Fund surged 2.74% each and Franklin India Index Fund-NSE Nifty Plan added 2.72%. IDBI Nifty Index Fund and HDFC Index Fund-Sensex Plus Plan were the worst performers in this category as they witnessed a gain of only 1.72% and 2.02% respectively.
Sector Funds
Pharma Funds category gained 1.46% over one week period ended 28 May 2010. All the schemes in this category gained, while Reliance Pharma Fund ending as the top performer with 1.86%.
Bank Funds category gained 1.30% over one week period ended 28 May 2010. ICICI Pru Banking & Financial Services Fund rose 1.77% and Religare Banking Fund climbed 1.73%.
FMCG Funds category rose 2.35% over one week period ended 28 May 2010. SBI Magnum SFU – FMCG Fund was the top performer in this category. In terms of NAV performance, the fund's NAV gained 3.27% over the one week period.
Infotech Funds category rose 2.74% over one week period ended 28 May 2010. ICICI Pru Technology Fund was the top performer in this category. In terms of NAV performance, the fund's NAV gained 3.63% over the one week period.
Hybrid Funds
Among the sub categories in the hybrid fund category, Asset Allocation Balanced Funds surged 1.25%, Equity Oriented Balanced Fund by 1.20%, Debt Oriented Balanced Fund by 0.43%, Monthly Income Plans by 0.22% and Arbitrage Funds by 0.12% during the one week period ended 28 May 2010.
UTI-Variable Investment Scheme and SBI Magnum NRI Investment Fund-Flexi Asset gained 1.61% and 0.89% respectively under asset allocation balanced fund category.
All the schemes in the equity oriented balanced fund category gained during the week end period. HDFC Children's Gift Fund-Investment Plan was the highest gainer in this category as its NAV appreciated by 1.98%. Sundaram BNP Paribas Balanced Fund was the next highest gainer by 1.97%. Among the other schemes in the category, Escorts Balanced Fund climbed 1.93%, HDFC Balanced Fund surged 1.90% and ING Balanced Fund added 1.65%.
LICMF Children's Fund was the highest gainer in debt oriented balanced fund category as its NAV appreciated by 1.46%. UTI Unit Linked Insurance Plan was the next highest gainer by 0.71%. Among the other schemes in the category, UTI-Retirement Benefit Pension Plan climbed 0.70%, Tata Young Citizens Fund surged 0.65% and Templeton India Pension Plan added 0.57%. SBI Magnum Children Benefit Plan and DWS Money Plus Advantage Fund were the losers in this category by 0.23% and 0.03%.
Exchange Traded Funds (ETFs)
Gold ETF category gained 1.63% during the week end period. SBI Gold Exchange Traded Fund was the only scheme in this category to gain by 1.61%, while the other schemes in this category gained by 1.63%.
The other ETF category gained 1.73% during the week ended 28 May 2010. Shariah BeES, Nifty BeES and Kotak Nifty ETF were the top performers by 2.98% each. The only debt ETF i.e. Liquid BeES witnessed gained of 0.06%. PSU Bank BeES & Kotak PSU Bank ETF lost 0.07% each during the week end period and ended as the worst performers in this category.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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