Sectoral funds - Weekly round-up - Views on News from Equitymaster

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Sectoral funds - Weekly round-up

Dec 2, 2000

The week saw BSE Sensex appreciating by 1.5% to close at 4,032 points, while the S&P CNX rose 1.7% to close at 1,276 points.

Open-ended, IT FundsNAV
(Rs)
Last
week
Last
month
Last
year
*CAGR
Since inception
Chola Freedom Tech (Cum)13.41.4%3.3%-10.6%10.0%
Sun F&C Emerg Tech (Gr)6.00.3%4.3%0.0%-29.7%
K P Internet Opport.(Gr)6.7-0.4%1.5%0.0%-30.6%
IL&FS eCOM Fund (Gr)5.3-0.9%1.5%0.0%-60.8%
Alliance New Millenn (Gr)7.7-1.3%0.0%0.0%-49.4%
Pru ICICI Tech. (Gr)5.3-1.3%-1.1%0.0%-46.6%
DSP ML Tech.com (Gr)7.0-1.5%0.9%0.0%-17.8%
K Tech6.1-1.6%-0.4%0.0%-21.7%
K P Infotech (Gr)24.8-1.7%0.6%0.9%106.8%
Birla IT Fund (Gr)14.7-1.9%-3.7%-27.4%8.2%
UTI Sector- Software15.0-2.0%1.8%14.3%28.9%
Magnum Sector Funds-IT13.0-2.6%-2.1%-17.5%70.1%
Tata IT Sector Fund9.4-2.7%-3.4%-15.1%15.7%
*CAGR=Compounded Annual Growth Rate

The mood in IT stocks continued to remain subdued as frontline IT stocks Infosys, HCL Tech, Visualsoft, Satyam witnessed selling. Only NIIT and Digital saw some appreciation. Consequently IT funds witnessed declines ranging from 0.4% to nearly 3.0% during the week.

Open-ended, Pharma FundsNAV
(Rs)
Last
week
Last
month
Last
year
*CAGR
Since inception
K P Pharma (Gr)9.61.0%0.8%-29.0%1.4%
UTI Sector-Pharma10.90.9%7.9%-11.6%-5.7%
Magnum Sector Funds-Pharma9.80.2%1.5%-26.5%-2.0%
*CAGR=Compounded Annual Growth Rate

MNC (multinational) pharma stocks (Glaxo, Pfizer, Smithkline Pharma, Novartis) witnessed some appreciation. On the other hand domestic pharma stocks went nowhere. Pharma funds saw marginal appreciation in net asset values (NAVs).

Open-ended, FMCG FundsNAV
(Rs)
Last
week
Last
month
Last
year
*CAGR
Since inception
K P FMCG (Gr) 11.75.3%3.7%-5.0%11.7%
Pru ICICI FMCG (Gr)10.04.5%8.5%-11.7%-2.0%
Magnum Sector Funds-FMCG8.44.0%4.5%-31.8%-10.8%
*CAGR=Compounded Annual Growth Rate

Fast-moving consumer goods (FMCG) stocks (HLL, ITC, Tata Tea) saw some buying interest for a change, reversing the (selling) trend over the past few weeks. FMCG funds reaped the benefits of buying in FMCG counters as is evident from the sharp appreciation in their NAVs.

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