News posted by www.newsinfoline.com
Markets skyrocketed on Monday, but they had no major movements to show for quite some months.However, looking back over the one-year period, data shows that BSE Small-Cap index has gained in excess of 109 per cent (as on 10 May, 2010) while BSE Mid-Cap index jumped over 85 per cent. The BSE benchmark, Sensex, managed a much lesser 45 per cent, but that is nothing to sneer at as investors' Rs 100 has been transformed into Rs 145 over the period.Clearly, the returns are not mean and show that those willing to take greater risks are likely to earn more - investments in Small-Cap and Mid-Cap indices is surely more riskier than in BSE.But that is not the story that we are narrating. The big news is that equity funds have powered a better performance than the Bombay Stock Exchange and National Stock Exchange benchmarks, Sensex and Nifty respectively.In this scenario, the mutual fund category that outperformed has been Equity Pharma whose funds, on an average, earned 101 per cent returns (Best Fund: Reliance Pharma G with 133% gain), while in second place is Equity Technology category with 86 per cent (Category's Best Fund: ICICI Pru Technology-G with 94.89% return). Equity Banking is in third with 77 per cent returns (Category's Best Fund: Sahara Banking and Financial Services-G with 93.59 gain) while in fourth is the Equity Diversified category with 63 per cent returns (Category's Best Fund: ICICI Pru Discovery Inst I-G with 115% gain).Even the worst-performing equity fund category over the year, Equity FMCG (Category's Best Fund; Magnum FMCG with 66% gain) has beaten Sensex with a gain of 61 per cent for the one-year period.The Hybrid Equity category though was beaten by Sensex as it has gained by 44 per cent.However, it still beat NSE's Nifty, which gained by 43 per cent for the one-year period.As far as Gold ETFs are concerned, yesterday the price of gold fell in excess of 3 per cent, and that adequately reflects its story over the one-year period - it has gained 18 per cent.
News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment