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Sectoral funds weekly roundup

Mar 31, 2001

The last two days of the week took the sheen off the bourses, which they had gained during the first three days. The Sensex declined by 0.9% to close at 3,604 points whereas the S&P CNX Nifty fell by 1.04% to close at 1,149 points.

Open-ended, IT Schemes NAV
(Rs)
Last
week
Last
month
Last
year
Inception
K P Internet Opport.(Gr) 5.2 2.8% -15.3% -45.5% -45.5%
UTI Sector- Software 9.0 2.3% -25.9% -74.8% -11.3%
K P Infotech (Gr) 15.3 1.9% -25.9% -66.9% 56.3%
Sun F&C Emerg Tech (Gr) 4.0 1.3% -23.6% -54.3% -53.9%
Chola Freedom Tech (Cum) 9.8 1.0% -15.6% -53.4% -1.2%
Pru ICICI Tech. (Gr) 3.5 0.6% -19.5% -64.6% -63.2%
K Tech 3.7 0.5% -25.9% 0.0% -52.8%
Alliance New Millenn (Gr) 5.1 0.0% -21.2% -65.5% -63.3%
DSP ML Tech.com (Gr) 4.3 -0.2% -27.3% 0.0% -50.1%
Magnum Sector Funds-IT 7.7 -0.8% -26.3% -74.2% 11.7%
Returns over 12 months are annualized

After a long time there is some ray of hope in the Information technology (IT) sector as few funds were able to churn in minimal returns. However IT major Infosys remained the loser on the Sensex. Stocks like NIIT and Satyam Computers were stern and settled down as gainers. There may be more movement in IT stocks as some key companies are expected to announce their results during the coming weeks.

Open-ended, Pharma Schemes NAV
(Rs)
Last
week
Last
month
Last
year
Inception
Magnum Sector Funds-Pharma 9.0 -0.4% -8.7% -15.2% -6.2%
K P Pharma (Gr) 9.0 -0.7% -8.2% -14.4% -1.7%
UTI Sector-Pharma 10.2 -1.2% -7.7% -12.3% -8.4%
Returns over 12 months are annualized

The NAVs (net asset values) of Pharma funds were hit during the week as Fulford declared a poor result and pharma stocks saw some selling. Dr. Reddy’s and Cipla were the marginal gainers whereas Glaxo and Ranbaxy were the key losers.

Open-ended, FMCG Schemes NAV
(Rs)
Last
week
Last
month
Last
year
Inception
Pru ICICI FMCG (Gr) 9.2 1.5% -6.8% -16.0% -5.8%
K P FMCG (Gr) 10.9 1.1% -6.4% -19.0% 6.0%
Magnum Sector Funds-FMCG 7.0 1.0% -10.7% -34.0% -18.1%
Returns over 12 months are annualized

The fast moving consumer goods (FMCG) sector saw some buoyancy as Indian Shaving declared decent results. FMCG major Hindustan lever remained the gainer on the bourses whereas Colgate and Nestle were the losers. In the week ahead one may expect volumes to dwindle even further following stockbroker Mr. Ketan Parekh’s arrest. Next week also brings up some public holidays. This will not help the volumes either.

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