Sensex is available at
5% Discount in the last 1 Month, Does it mean your MF portfolio also down, Find
out
by Mr. B. Padmanaban, CFPCM
Certified Financial Planner
Sensex has touched all time high of 29,045 on 8th September 2016
closing, as far as this year is concerned. From that level till yesterday it
falls 1,516 points which is -5.22%.
In the same time, BSE Midcap falls only -1.24%, whereas BSE
Small cap delivered 2.27% higher.
This will be hardly noticed by the common investor.
Markets are always dynamic and if somebody keep looking at the
number, they will be in a better position to understand what is moving and what
is not, which is very important when it comes to fund selection.
I have listed down 50 funds across the category which is advised
by many.
Fund
|
Returns
|
Reliance Small cap
|
3.09%
|
DSPBR Microcap
|
2.84%
|
L&T Emerging Business
|
2.74%
|
MOSL Focused Long Term
|
2.48%
|
L&T Midcap
|
2.16%
|
Sundaram SMILE
|
1.66%
|
Mirae Emerging Bluechip
|
1.62%
|
Kotak Midcap
|
1.28%
|
BSL Pure Value Fund
|
1.23%
|
DSPBR Small & Midcap
|
1.09%
|
BSL Equity
|
0.94%
|
Invesco Mid N Small
|
0.76%
|
L&T India Value
|
0.73%
|
Sundaram Select Midcap
|
0.68%
|
Franklin Smaller Co
|
0.62%
|
Mosl Midcap 30
|
0.19%
|
UTI Midcap
|
0.09%
|
Principal Emerging
|
-0.04%
|
IDFC Sterling
|
-0.24%
|
SBI Magnum Balanced
|
-0.25%
|
Mosl Multicap 35
|
-0.26%
|
Franklin Prima
|
-0.34%
|
DSPBR Balanced
|
-0.34%
|
HDFC Midcap Opp
|
-0.50%
|
IDFC Premier
|
-0.79%
|
L&T India Prudence
|
-0.93%
|
BSL Balanced 95
|
-0.99%
|
HDFC Prudence
|
-1.09%
|
ICICI Pru Balanced
|
-1.14%
|
Tata Balanced
|
-1.35%
|
IPru Balanced Adv
|
-1.54%
|
ICICI Pru Multicap
|
-1.31%
|
DSPBR Equity
|
-1.70%
|
Reliance Reg Savings Bal
|
-1.71%
|
IDFC Classic
|
-1.72%
|
IDBI Diversified
|
-1.74%
|
SBI Bluechip
|
-2.11%
|
Franklin Balanced
|
-2.56%
|
Mirae India Opp
|
-2.63%
|
HDFC Equity
|
-2.85%
|
DSPBR Focus 25
|
-2.92%
|
Franklin Prima Plus
|
-2.93%
|
UTI Opportunities
|
-3.12%
|
HDFC Top 200
|
-3.21%
|
DSPBR Top 100
|
-3.25%
|
BSL Frontline
|
-3.29%
|
IPru Value Discovery
|
-3.43%
|
Franklin Bluechip
|
-4.00%
|
IPru Focused Bluechip
|
-4.01%
|
IPru Select Largecap
|
-4.02%
|
Some Interesting Observation
 |
| B. Padmanaban, CFP, Chennai |
1. Small cap and Microcap fund has delivered more return than
small cap index, though mentioned funds are not exactly belonging to this
index.
2. Midcap index is down by -1.24%, whereas many midcap funds
delivered positive return.
3. Sensex falls -5.22%, all the large cap fund falls lesser than
the index.
4. Balanced fund delivered FLAT to -1.5%, which is very good as far as, those who seek
monthly cash flows are concerned.
5. Multi cap protected downside as well as delivered good
returns. Somebody wants stable return.
6. ICICI Pru Value discovery is lagging compared to BSL Pure
Value and L&T India Value Fund. BSL and L&T is continuously getting
momentum in that category! One of the reason could be size, it is always
debatable.
7. When am writing around 9.30 am today, the market is already
200 points up. As long as your waiting period is 3 plus years, don't bargain
for minimal correction, sometime you were forced to buy at high level or you
will never buy also!
8. Still small cap are trading at discount to the 2008 peak and
everyone is worried about the valuation. More than the cap, stock selection is
the key. Many fund houses have increased their research analyst head count in
the recent past.
9. Rise and falls are very quick in the bull market, instead of
looking for news, micro and macro data, numbers at various point will give you
better clarity I believe. This data will help you to do lot of strategy going
forward.
10. Last, but not the least "No fund manager is keeping the
same stock for longer years in their portfolio due to volatility of the stock
performance.
In some cases, if it grows bigger than they expected they have to
reduce their weight to comply regulation. In some cases, they have to match
their performance with the peer group.
These kind of data really helps to take better
informed decision than ever before.
B.
Padmanaban, CFPCM
Certified
Financial Planner
9884349173
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