alexa

Search in Indianmoney's WealthPedia

Home Articles Top 10 Performance Of Mutual Funds For The Week

Top 10 Performance Of Mutual Funds For The Week

IndianMoney.com Research Team | Posted On Sunday, June 21,2009, 12:39 PM

Top 10 Performance Of Mutual Funds For The Week

 

 

Top 10 Performance Of Mutual Funds For The Week

This is first series of Mutual Fund Report Card where IndianMoney.com will publish Top 10 Mutual Funds of the week(ended June 21, 2009) – funds that gave the maximum returns last week.
 
Fund Name
Fund Category
NAV*
Return (%)*
 Kotak PSU Bank ETF  
Index
265.74
4.78
 PSU Bank BeES
Index
264.32
4.73
 Religare Banking Retail
Banking
12.13
2.54
 Banking BeES
Index
732.46
2.15
 Reliance Banking ETF
Index
736.85
2.14
 UTI Banking Sector Reg
Banking
26.65
1.95
 Reliance Banking Inst
Banking
59.49
1.64
 Reliance Banking Retail
Banking
59.49
1.64
 ICICI Prudential Banking and Financial Services Ret
Banking
11.59
0.87
 ICICI Prudential Target Returns Inst I-G**
Diversified
10.18
0.39
  *As on June 19, 2009    ** As on June 15, 2009
 
If you may have noticed about all these ten mutual funds, they all invest in banking stocks or banking index. Let us analyze the performance of banking sector vis-à-vis other sectors last week.
 
Table 1:
 
 Stocks
Current Value*
Last Week value
% Change
SBI
1,724.35
1,637.00
5.34%
HDFC Bank
1,555.60
1,530.65
1.63%
ICICI
713.75
740.45
-3.61%
PNB
641.75
594.95
7.87%
Axis Bank
755.50
703.45
7.40%
Union Bank of India
215.20
228.85
-5.96%
Bank of Baroda
433.80
429.60
0.98%
Canara Bank
255.65
240.90
6.12%
  Source: IndianMoney.com Research                                                                *As on June 19, 2009
 
Table 2:
 
Sector Index
Current Value*
Last Week value
% Change
BSE Bankex
8,111.04
8,038.62
0.9%
BSE Metals
11,038.99
12,220.45
-9.7%
BSE Realty
 3,289.90
3,662.11
-10.2%
BSE IT
3,276.83
3,254.76
0.7%
BSE Small Caps
5,617.96
6,014.66
-6.6%
BSE Sensex
14,521.89
15,237.94
-4.7%
  Source: IndianMoney.com Research                                                                *As on June 19, 2009
 
If you look at Table 2, Bank index has done much better than other leading index in the market. A majority of bank stocks such as SBI, PNB and Axis Bank have increased by over 5% in the last 1 week. No doubt mutual funds that were investing in these banking stocks or sector index were the best performers.
 
Note: This research is not meant to promote any of the above funds. Readers are requested to use their judgment and do proper research before identifying a mutual fund. Our previous article 3 Easy Steps for Analyzing A Mutual Fund is worth reading.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.