Dalal Street Investment Journal – July 20, 2019

DSIJ.in JULY 22 - AUG 4, 2019 I DALAL STREET INVESTMENT JOURNAL (^137)
MF Page - 09
Sector Funds In India
Sector funds in India are those funds that invest minimum 80%
of its total assets in equity and equity-related instruments of a
particular sector. Currently, there are four major sectoral funds
available in India, viz. banking, infrastructure, information
technology and pharmaceutical.
There are 54 funds in these sectors which together manage
around 50,000 crore of assets. This forms only seven per cent of the total equity AUMs. The banking sector seems to be dominant, with more than half of the AUMs cornered by this sector, followed by the infra sector. Here's a brief description of these four sectoral funds and where they invest. 19 21 5 9 0 5 10 15 20 25 BANK INFRAITPharma 27% 57% 4% 12% Net Asset Share (%) BANK INFRA IT Pharma n Technology : The technology sector is a category of equity sector fund that invests in companies that are involved in technological businesses, such as computer software, computer hardware, or electronics & technological service industry companies, such as those providing information technology, etc. Companies ranging from Infosys, Wipro, TCS to Bharti Airtel form part of these sector funds. In the last one year, these funds have generated return of five per cent, however, the SIP returns is 3.4 per cent. Top Funds In Terms of Last One Year Returns Funds Fund Manager AUM (incr)
Expense
Ratio (%)
Inception
Date
NAV () (08 July 19) Return (%) 1 yr No. ofStocks Large Cap (%) Mid Cap (%) Small Cap (%) SBI Technology Opp Fund-Reg(G) Anup Upadhyay 150.60 2.73 07-Jan-13 64.90 6.70 18 67.70 6.22 18.72 Tata Digital India Fund-Reg(G) Sailesh Jain 428.00 2.67 28-Dec-15 14.71 5.50 12 78.32 3.67 13.58 Aditya Birla SL Digital India Fund(G) Kunal Sangoi 472.30 2.74 15-Jan-00 51.57 4.63 29 65.02 8.84 21.2 ICICI Pru Technology Fund(G) Sankaran Naren 456.30 2.55 03-Mar-00 57.07 4.37 11 69.94 7.95 8.43 Franklin India Technology Fund(G) Anand Radhakrishnan 245.70 2.46 22-Aug-98 157.71 3.78 23 58.66 6.86 8.61 n Financial : These sector funds will hold stocks of companies like ICICI Bank, HDFC, Bajaj Finance and LIC Housing Finance. These funds hold stocks that can include more than just banks and housing finance companies. These can also include insurance companies, asset management companies and credit rating companies. Top Funds In Terms of Last One Year Returns Funds Fund Manager AUM (incr)
Expense
Ratio (%)
Inception
Date
NAV
(` )
Return (%)
1 year
No. of
Stocks
Large Cap
(%) Mid Cap (%)
Small Cap
(%)
SBI Banking & Financial Services Fund-Reg (G) Sohini Andani 892.4 2.45 26-Feb-15 18.66 18.4 15 70.52 18.73 4.66
ICICI Pru Banking & Fin Serv Fund (G) Roshan Chutkey 3298.8 2.21 22-Aug-08 67.13 16.26 29 59.55 18.05 14.11
Taurus Banking & Fin Serv Fund-Reg (G) Prasanna Pathak 6.7 2.39 22-May-12 26.6 14.7 19 84.92 7.54 1.48
Baroda Banking & Fin Serv Fund (G) Dipak Acharya 44.5 2.57 22-Jun-12 24.15 14.08 16 82.18 9.43 2.9
Sundaram Fin Serv Opp Fund(G) S. Krishnakumar 177.7 2.9 10-Jun-08 43.69 12.63 19 91.76 1.75 3.24
No Of Funds