GEMGAZE

April 2017

All the GEMs from the 2016 GEMGAZE have performed reasonably well through thick and thin and figure prominently in the 2017 GEMGAZE too. 

Principal Global Opportunities Fund Gem

Incorporated in March 2004, Principal Global Opportunities Fund has an AUM of Rs 16 crore. The one-year return of the fund is 14.97% as against the average returns of 13.1% of the Benchmark Index MSCI World. It is a feeder fund and invests in Principal Global Investors – Emerging Market Equity. So, the fund invests primarily in the finance sector with 99.39% of the assets in equity.  The expense ratio of the fund is 0.96%. The fund is efficiently managed by Mr. Rajat Jain since its inception.

Templeton India Equity Income Fund Gem

The Rs 959 crore Templeton India Equity Income Fund, incorporated in May 2006, has earned a one-year return of 26.81% slightly trailing the category average return of 27.09%. Top five holdings constitute 30.47% of the portfolio with finance, auto and energy forming the top three sectors. Equity constitutes 95.92% of the portfolio with the rest of the assets in cash. While the portfolio turnover ratio is 27%, the expense ratio is very high at 2.52%. The fund is benchmarked against the S&P BSE 200. The fund is managed by Vikas Chiranewal since its inception.

DHFL Pramerica Top Euroland Offshore Fund Gem

DHFL Pramerica Top Euroland Offshore Fund, incorporated in September 2007, has an AUM of Rs 9 crore. Its one-year return is 4.26%, lower than most of its peers. 98.67% of the portfolio is made up of equity with the rest in cash. It is a feeder fund and invests in DHFL Pramerica Top Euroland Offshore Fund. So, the fund invests primarily in the finance sector with 98.67% of the assets in equity. The expense ratio of the fund is 2.33%. The fund is benchmarked against the MSCI EMU Index. The fund is managed by Kumaresh Ramakrishnan since inception and Akash Singhania since December 2012.

Sundaram Global Advantage Fund Gem

Sundaram Global Advantage Fund is a nine-year old fund with an AUM of Rs 21 crore. Its one-year return is 13.76%, higher than most of its peers. The entire assets allocated to equity are 95% with finance being the prime sector in which the fund’s assets are invested. The expense ratio of the fund is moderate at 1.53%. The fund is benchmarked against the MSCI Emerging Markets Index. The fund has been managed by Shiv Chanani since July 2016.

ICICI Prudential Indo Asia Equity Fund Gem

Incorporated in October 2007, ICICI Prudential Equity Arbitrage Fund has an AUM of Rs 155 crore. The one-year return of the fund is 33.2% racing ahead of the category average of 27.09%. The top three sectors are construction, finance and technology. Top five holdings constitute 35.8% of the portfolio, with the equity exposure at 93.52% and debt constituting 6.32% of the portfolio. The portfolio turnover ratio is a towering 132% and the expense ratio is 2.55%. The fund is benchmarked against the Nifty 50 (65%) and MSCI AC Far East Free Ex-Japan (35%). The fund is managed by Shalya Shah since October 2014, Shankar Naren and Atul Patel since February 2015 and Ihab Dalwai since October 2016.