138 DALAL STREET INVESTMENT JOURNAL I JULY 22 - AUG 4, 2019 DSIJ. in^
n Pharma :
These funds can cover any company that is engaged in the healthcare industry, which can include hospital conglomerates,
insurance companies, drug manufacturers, biomedical companies. They also invest in diagnostic companies and biotechnology
companies.
Top Funds In Terms of Last One Year Returns
Funds Fund Manager (in AUM ` cr) Ratio (%)Expense Inception Date NAV (` )^ Return (%)1 year No. of Stocks Large Cap (%) Mid Cap (%) Small Cap (%)
Tata India Pharma & Healthcare Fund-Reg (G) Sailesh Jain 165.6 2.56 28-Dec-15 8.54 -0.14 15 49.80 36.48 12.24
Mirae Asset Healthcare Fund-Reg (G) Vrijesh Kasera 339.3 2.51 02-Jul-18 9.78 -1.74 25 61.65 28.13 9.61
Reliance Pharma Fund (G) Sailesh Raj Bhan 2492.3 2.14 05-Jun-04 138.21 -3.82 19 62.97 27.80 8.62
UTI Healthcare Fund-Reg(G) V. Srivatsa 391.6 2.40 01-Aug-05 77.43 -6.32 23 55.30 27.63 14.20
SBI Healthcare Opp Fund-Reg (G) Tanmaya Desai 935.1 2.35 14-Jul-99 106.77 -6.87 19 63.31 13.92 21.48n Infra :
The sectoral funds that are categorised as infra funds not only invest in infrastructure, but these go a little bit further to the
suppliers of infrastructure creation like capital goods supplier, cement companies, steel companies, financing companies etc.
Therefore, you can find companies such as HDFC Bank and JK Cement Limited in these funds, beside the obvious ones such as
L&T and Ashoka Buildcon.
Top Funds In Terms of Last One Year Returns
Funds Fund Manager
AUM
(in ` cr)Expense
Ratio (%)Inception
DateNAV
(` )Return
(%) 1 yearNo. of
StocksLarge Cap
(%)Mid Cap
(%)Small Cap
(%)
Franklin Build India Fund(G) Anand Radhakrishnan 1316.50 2.27 04-Sep-09 42.02 9.82 33 68.74 2.71 21.00
LIC MF Infra Fund(G) Sachin Relekar 57.50 2.48 24-Mar-08 14.48 8.86 23 55.61 19.22 14.26
ICICI Pru Infrastructure Fund(G) Sankaran Naren 1291.00 2.34 31-Aug-05 51.59 8.16 49 55.64 6.29 34.48
SBI Infrastructure Fund-Reg(G) Nidhi Chawla 522.40 2.55 06-Jul-07 15.59 7.58 29 47.18 6.29 44.18
UTI Infrastructure Fund-Reg(G) Sanjay Ramdas Dongre 1379.40 2.23 19-Apr-04 53.85 6.97 42 56.68 18.24 24.04Special Report
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Performance of Sector Funds
Every part of the business cycle generates its own winners and losers. Individual investors can exploit this opportunity by allocating
capital by sectors because that is how smart investors invest. It makes sense when you think about it because different sectors and
set of companies do well in different business environments. Even when the economy is slowing, certain sectors tend to outper-
form, such as defensives.
The graph below clearly shows how different sectoral funds have performed over the years. We have taken the average returns of
sectoral funds to arrive at annual returns. For example, in the year 2009, there were five funds that were dedicated to the finance
sector, which on an average generated 76.11 per cent. The interesting part of these return figure is that not once has the same
sectoral fund become the top performer next year. Every year, a different winner has emerged. For example, pharmaceutical sector,
which generated the best returns in year 2015, remained the worst performer in the following year (2016).
Annual Performance of Sectoral Funds
Sector 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Finance 76.11 37.88 -31.80 59.33 -10.62 62.01 -8.04 13.06 40.71 -1.63
Tech 115.01 31.23 -18.72 7.02 55.38 23.36 5.32 -3.86 18.77 17.75
Infra 78.40 8.31 -33.31 26.42 -8.82 64.69 -0.64 3.33 47.93 -18.70
Pharma 89.86 32.79 -8.71 32.23 23.39 50.02 19.60 -12.24 5.13 -4.10
Nifty 75.76 17.95 -24.62 27.70 6.76 31.39 -4.06 3.01 28.65 3.15
*Box in green shows the maximum return provided in that year