Balanced funds remain subdued - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Balanced funds remain subdued

Nov 30, 2000

Buoyant markets havenít lifted balanced fund NAVs (net asset values) in a big way. Both the major market indices BSE-30 and S&P CNX Nifty have appreciated by 4% over the week to close at 4,024 and 1,270 (as on 28th November) respectively.

The BSE-30, which crossed the 4,000-point mark this week, has witnessed significant buying in old economy counters viz. ACC, TISCO, TELCO, L&T and BHEL.

Open-ended, Balanced†Schemes NAV
(Rs)
Last
week
Last
month
Last
year
Since
inception
BSE-30 - 4.2% 9.0% -15.3% -
S&P CNX Nifty - 4.0% 7.6% -8.7% -
CRISIL-500 - 4.0% 9.0% -12.4% -
Dhanavikas (1) 8.2 2.9% 9.0% -21.9% -2.5%
K P Balanced (Gr) 8.4 2.2% 5.4% 0.0% -21.2%
Sundaram Balanced Fund (Gr) 9.7 2.0% 5.3% 0.0% -4.3%
Cantriple 19.8 2.0% 8.1% -9.0% 5.4%
Zurich(I) Prudence (Gr) 19.8 1.5% 6.7% -3.3% 16.3%
DSP ML Balanced (Gr) 10.7 1.3% 5.7% -7.1% 4.8%
Unit Scheme-1995 (Gr) 190.2 1.1% 3.1% 39.0% 21.7%
HDFC Balanced Fund (Gr) 10.0 1.0% 2.8% 0.0% 1.0%
JM Balanced Fund (Gr) 15.9 0.8% 2.6% 1.5% 9.2%
Sun F&C Balanced (Gr) 8.0 0.8% 6.5% 0.0% -24.9%
Tata Young Citizens 10.5 0.7% 2.7% 0.3% 17.0%

However, balanced funds were unable to take the advantage of the buying in old economy. Most of the balanced funds have underperformed the markets. The equity portion of most balanced fund ranges from about 60-65%, with fixed income securities (gilts, corporate debt) accounting for the balance. TMT (technology, media, telecom) continues to hog the lionís share of the equity portion with old economy stocks relegated to the sidelines. As old economy stocks are in the limelight for the past few days, tech-heavy balanced funds were unable to ride home the advantage.


Equitymaster requests your view! Post a comment on "Balanced funds remain subdued". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS