GEMGAZE

April 2018

All the GEMs from the 2017 GEMGAZE have performed reasonably well through thick and thin and figure prominently in the 2018 GEMGAZE too. 

Principal Global Opportunities Fund Gem

Incorporated in March 2004, Principal Global Opportunities Fund has an AUM of Rs 18 crore. The one-year return of the fund is 23.74% as against the average returns of 13.58% 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 98.86% of the assets in equity.  The expense ratio of the fund is 1.05%. The fund is efficiently managed by Mr. Rajat Jain since its inception.

Templeton India Equity Income Fund Gem

The Rs. 1056 crore Templeton India Equity Income Fund, incorporated in May 2006, has earned a one-year return of 16.78% slightly ahead of the category average return of 14.78%. Top five holdings constitute 27.84% of the portfolio with finance, healthcare and auto forming the top three sectors. Equity constitutes 98.38% of the portfolio with the rest of the assets in cash. While the portfolio turnover ratio is 16%, the expense ratio is very high at 2.54%. 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 5 crore. Its one-year return is 14.73% - lower than most of its peers. The fund invests in equities of issuers with headquarters in a member state of the European economic and monetary union (EMU). The fund management tries to identify current and future market leaders while laying special emphasis on the companies' structural growth and earnings momentum characteristics. Although the fund primarily invests in large caps, small and midcaps can make up 30% of the fund assets. 96.73% 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 96.73% of the assets in equity. The expense ratio of the fund is 2.04%. The fund is benchmarked against the MSCI EMU Index. The fund is managed by Alok Agarwal since July 2017.

Sundaram Global Advantage Fund Gem

Sundaram Global Advantage Fund is a ten-year old fund with an AUM of Rs 25 crore. Its one-year return is 16.2%, on par with most of its peers. The entire assets allocated to equity are 87.88% 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 Indo Asia Equity Fund has an AUM of Rs 183 crore. The one-year return of the fund is 13.98% lagging behind the category average of 16.67%. The top three sectors are finance, construction and chemicals. Top five holdings constitute 32.67% of the portfolio, with the equity exposure at 94.35% and debt constituting 5.65% of the portfolio. The portfolio turnover ratio is a towering 145% and the expense ratio is 2.54%. The fund is benchmarked against the Nifty 50 (65%) and MSCI AC Far East Free Ex-Japan (35%). The fund is managed by Shankar Naren and Atul Patel since February 2015 and Ihab Dalwai since October 2016.