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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) 8.1 5.0% -2.2% 0.0% -46.8%
Chola Freedom Tech (Cum) 13.7 4.7% -0.9% -10.8% 10.8%
UTI Sector- Software 15.6 4.5% -1.8% 11.7% 32.9%
Magnum Sector Funds-IT 13.5 3.8% -2.3% -20.0% 73.6%
Pru ICICI Tech. (Gr) 5.4 3.4% -3.2% 0.0% -44.8%
K Tech 6.3 3.3% -2.9% 0.0% -19.1%
IL&FS eCOM Fund (Gr) 5.5 3.0% -2.7% 0.0% -59.6%
K P Internet Opport.(Gr) 6.8 2.9% -0.1% 0.0% -28.6%
DSP ML Tech.com (Gr) 7.2 2.8% -2.3% 0.0% -15.5%
K P Infotech (Gr) 25.5 2.7% -1.2% -1.0% 107.9%
Tata IT Sector Fund 9.6 2.3% -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-Pharma 10.0 2.0% 2.7% -27.7% -0.5%
UTI Sector-Pharma 11.0 1.5% 5.4% -15.6% -4.5%
KP Pharma 10.0 5.0% 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) 12.1 3.9% 7.7% -6.8% 14.2%
Magnum Sector Funds-FMCG 8.5 1.5% 4.2% -31.2% -9.7%
Pru ICICI FMCG (Gr) 10.1 1.3% 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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