Advertisement

Help
You are here: Rediff Home » India » Business » Personal Finance » Manage your Money
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

19 top MF gainers and losers
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
May 06, 2005 12:29 IST

This article was earlier carried with the title Mutual Funds: Gainers & Losers on May 3, 2005. Unfortunately an error crept into the article since the query, which was run to compute year-to-date returns, failed to factor in dividends declared by UTI Master Value Fund and Sundaram India Leadership Fund; as a result the funds emerged as the biggest losers. In view of the same, we at Personalfn have revisited the article with an updated losers' list.

It has been a rather interesting run for the equity markets in calendar year 2005. The year began at a time when markets were in the midst of a bull run and investors' excitement levels seemed unbounded.

After touching record highs, the markets lost steam and how! The unbridled optimism now seems like a thing of the past and investors have adopted a cautious approach.

At Personalfn we decided to study how schemes from the diversified equity funds category have performed on a year-to-date basis and determine who the top gainers and losers are.

Winners take it all. . .
Diversified Equity Funds NAV (Rs) YTD
MAGNUM EMERGING BUS. 15.17 16.51%
MAGNUM GLOBAL 17.80 11.52%
RELIANCE [Get Quote] GROWTH 123.02 9.00%
GIC GROWTH II 21.99 6.59%
CHOLA MID CAP 14.97 6.47%
FRANKLIN INDIA PRIMA 118.08 6.22%
SUNDARAM SEL. MIDCAP 38.60 5.44%
MAGNUM CONTRA 15.70 5.29%
TAURUS STARSHARE 18.17 4.42%
BIRLA MIDCAP 32.43 4.31%
UTI THEMATIC MID CAP 13.24 4.00%
RELIANCE VISION 86.10 3.79%
UTI - DYNAMIC EQUITY 22.67 3.75%
KOTAK OPPORTUNITIES 13.69 3.64%
PRUICICI DISCOVERY 13.51 2.89%
JM EQUITY 18.45 2.32%
BOINANZA EXCL 18.42 1.59%
PRUICICI EMER. S.T.A.R 12.18 1.58%
CANEQUITY DIVERSIFIED 17.390.87%
Losers take the fall. . .
Diversified Equity FundsNAV (Rs) YTD
CANINDEX 10.36 -10.77%
LIC [Get Quote] EQUITY PLAN 12.19 -10.31%
SUNDARAM SELECT FOCUS 25.89-9.50%
HSBC INDIA OPPORTUNITIES 12.40-9.00%
MAGNUM EQUITY 14.25-8.95%
DSP ML TOP 10025.28-8.68%
UTI MASTERSHARE 19.18-8.67%
DEUTSCHE ALPHA EQUITY24.14-8.60%
UTI MASTER PLUS30.65-8.57%
HSBC EQUITY 34.28-8.44%
DEUTSCHE INVESTMENT OPP.11.42-8.43%
FRANKLIN BLUECHIP59.61-8.31%
MASTERGROWTH 93 23.59-8.14%
TEMPLETON GROWTH34.68-7.87%
SAHARA GROWTH23.83-7.53%
BIRLA DIVIDEND YIELD27.55-6.84%
ING INVEST PORT17.74-6.83%
SUNDARAM GROWTH32.13-6.32%
PRINCIPAL GROWTH26.02-6.27%

(Source: Credence Analytics. NAV data as on Apr 29, 2005)

Let us start off with the gainers. Magnum Emerging Business (16.51%) emerges as the leader followed by fund house peer Magnum Global (11.52%). Clearly funds investing pre-dominantly in the mid cap segment (for example Reliance Growth (9.00%), Chola Mid cap (6.47%) among others) have clocked impressive growth figures during the period under consideration.

The benchmark indices only further corroborate these observations; while the BSE Sensex (which broadly represents stocks of the large cap variety) has shed 7.85%, the S&P CNX Midcap 200 has gained 4.85% during the January 2005 to April 2005 period.

The impressive performances pitched in by funds of the mid cap variety notwithstanding, investors would do well to appreciate the risks associated with such investing.

Not only do mid cap/small cap companies tend to be under researched there is a greater chance that you may miss factoring in some 'reasons not to buy'. And even after investing in such companies, regular information is hard to come by.

  • Rank top performing funds across categories

    Now for the interesting part -- the losers, i.e. funds which inflicted maximum financial damage on their investors.

    Unlike the top gainers category where funds investing in the mid cap variety ruled the roost, there is no single perceptible trend in the losers' category.

    Funds with a large cap bias in their holdings, for example Franklin India Bluechip (-8.31%), DSP ML Top 100 (-8.68%) and Sundaram Growth (-6.32%) feature in the list.

    Another category on the receiving end is funds of the "opportunities" variety i.e. ones who have a flexible investment mandate to move across market segments i.e. HSBC India Opportunities (-9.00%), Deutsche Alpha Equity (-8.60%) and Deutsche Investment Opportunity (-8.43%).

    While a 4-month time frame is too short to draw conclusions on an equity-oriented asset class, nevertheless monitoring your investments on a regular basis always helps. It can bring out some relevant trends in the investment scenario to the investors' notice.

    Also monitoring investments regularly can help investors assess how well their investments are performing and take necessary corrective measures.

    Money Simplified, a publication from Personalfn, is now arguably India's most popular online financial planning guide! Get your free copy today! Click here



  • More Personal Finance
     Email this Article      Print this Article

    © 2008 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback