Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Growth fund NAVs slide - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Aug 4, 2000

    Growth fund NAVs slide

    Subdued mood in the markets has taken its toll on growth funds. Fund NAVs are declining progressively over the past few days.

    Open-ended, Growth†Funds NAV
    BSE - 30 - -0.5% -11.4% -6.3% -
    CNX S&P 50 - -0.5% -11.1% 3.5% -
    CNX S&P 500 - -1.4% -10.3% 6.7% -
    Mastershare Plus 1991 21.8 1.7% 7.8% 5.0% 6.2%
    Primary Equity Fund 15.5 1.6% 6.7% 31.8% 11.5%
    DSP ML Equity Fund 18.0 1.0% 7.4% 35.7% 34.5%
    GIC D'MAT 8.1 1.0% 5.8% 0.0% -22.7%
    Sun F & C Value (Gr) 20.8 1.0% 8.7% 44.1% 38.6%
    ING Growth (Gr) 16.6 0.9% 20.8% 92.6% 84.7%
    Mastergain 1992 11.2 0.8% 8.1% 7.5% 4.3%
    Zurich(I) Capital Builder 12.9 0.8% 6.7% 14.3% 5.9%
    Birla Advantage Fund 37.4 0.7% 12.0% 120.3% 39.6%
    Franklin India (Gr) 7.2 0.6% 8.0% 0.0% -23.0%

    (The above table consists of funds that have given over 0.6% returns over the last week)

    No diversified growth fund gave returns of over 2% (in the last week) with UTIís Masterplus 1991 posting the highest growth of 1.7%. The Primary Equity Fund (also from UTIís stable) came a close second with 1.6% growth.

    One major consolation for the funds is that the benchmark indices did no better. All three benchmark indices that we have taken fell over the last week. So growth funds that beat these indices have done reasonably well for themselves.

    Funds with higher exposure to TMT stocks have witnessed a sharper fall in NAVs. Funds with higher cement allocation have witnessed a surge consequent to the rise in cement stock prices.



    Equitymaster requests your view! Post a comment on "Growth fund NAVs slide". Click here!


    More Views on News

    The Right Financial Advisor Is Around the Corner (Outside View)

    Mar 10, 2016

    An opportunity to find an impeccably trustworthy and competent financial guardian is in the offing.

    Why financial planning should be dull and boring (Mutual Fund Corner)

    Feb 29, 2016

    Most financial planners come out as whiz kids who throw around financial jargon. But financial planning can be actually easy, provided one follows a disciplined approach.

    What Are E-Wallets And How To Use Them (Mutual Fund Corner)

    Feb 12, 2016

    PersonalFN highlights the benefits of parking a portion of your expenses in e-wallets and using them efficiently.

    Is Consumption Boom Over In India? (Mutual Fund Corner)

    Feb 2, 2016

    Mutual funds take a bearish call on the FMCG sector. The sector has started playing out due to a combination of slower growth and expensive valuations.

    How to Find a Saint Amongst Sinners? (Mutual Fund Corner)

    Feb 1, 2016

    Ethical practices help build long lasting relationships, and healthy long-term business relationships are often mutually rewarding. But PersonalFN is of the view that the financial services industry in India seems to have forgotten this.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms