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Sectoral funds weekly roundup

Dec 9, 2000

During the week BSE Sensex appreciated by 2.8% to close at 4,156 points, while the S&P CNX Nifty rose 3.0% to close at 1,313 points. There was buying interest in major index stocks.

Open-ended, IT Schemes NAV
(Rs)
Last
week
Last
month
Last
year
*CAGR
Since inception
Alliance New Millenn (Gr)8.15.0%-2.2%0.0%-46.8%
Chola Freedom Tech (Cum)13.74.7%-0.9%-10.8%10.8%
UTI Sector- Software15.64.5%-1.8%11.7%32.9%
Magnum Sector Funds-IT13.53.8%-2.3%-20.0%73.6%
Pru ICICI Tech. (Gr)5.43.4%-3.2%0.0%-44.8%
K Tech6.33.3%-2.9%0.0%-19.1%
IL&FS eCOM Fund (Gr)5.53.0%-2.7%0.0%-59.6%
K P Internet Opport.(Gr)6.82.9%-0.1%0.0%-28.6%
DSP ML Tech.com (Gr)7.22.8%-2.3%0.0%-15.5%
K P Infotech (Gr)25.52.7%-1.2%-1.0%107.9%
Tata IT Sector Fund9.62.3%-5.7%-18.0%16.3%
*CAGR=Compounded Annual Growth Rate

IT stocks came back in action this week on the back of the resurgence on the NASDAQ. Most of the funds appreciated over 2% during the week, as there was buying interest in the frontline stocks. The major gainers were HCL Tech, Visualsoft, Infosys, Wipro, Satyam computers and Aftek Infosys. NIIT was a marginal gainer.

Open-ended, Pharma Schemes NAV
(Rs)
Last
week
Last
month
Last
year
*CAGR
Since inception
Magnum Sector Funds-Pharma10.02.0%2.7%-27.7%-0.5%
UTI Sector-Pharma11.01.5%5.4%-15.6%-4.5%
KP Pharma10.05.0%6.0%-28.2%4.5%
*CAGR=Compounded Annual Growth Rate

The week saw a subdued performance by the pharma stocks. Multinational pharma stocks like Glaxo, Smithkline were the losers, whereas Hoechst marion and Sun pharma were able to hold their grip.

Open-ended, FMCG Schemes NAV
(Rs)
Last
week
Last
month
Last
year
*CAGR
Since inception
K P FMCG (Gr) 12.13.9%7.7%-6.8%14.2%
Magnum Sector Funds-FMCG8.51.5%4.2%-31.2%-9.7%
Pru ICICI FMCG (Gr)10.11.3%6.0%-15.0%-1.1%
*CAGR=Compounded Annual Growth Rate

There was selective buying in FMCG stocks. Hindustan lever was a loser on the Sensex, which gave a set back to the NAVs of FMCG funds. However it was compensated by I.T.C and Godrej soaps, which showed some buying interest, marginally appreciating the NAVs of the funds.

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