GEMGAZE

May 2019

All the GEMs from the 2018 GEMGAZE have performed reasonably well through thick and thin and figure prominently in the 2019 GEMGAZE too. 

Reliance ETF Nifty BeES Gem

Incorporated in December 2001, Reliance ETF Nifty BeES (formerly known as Goldman Sacs Nifty ETF Fund) has an AUM of Rs 1261 crore. The one-year return of the fund is 6.62% as against the category average return of 3.34%. The top five stocks constitute 39.79% of the assets of the fund. The top three sectors finance, energy, and technology constitute 68.54% of the assets of the fund. The expense ratio of the fund is 0.11% and the turnover ratio is 149%. The fund is benchmarked against the Nifty 50 Total Return Index. The fund is efficiently managed by Mr. Vishal Jain since November 2018.

ICICI Prudential Nifty Index Fund Gem

The Rs 372 crore ICICI Prudential Nifty Index Fund incorporated in February 2002, has earned a one-year return of 5.57% slightly ahead of the category average return of 3.34%. Top five holdings constitute 39.28% of the portfolio. 68.77% of the assets are invested in finance, energy and technology, the top three sectors. While the portfolio turnover ratio is 41%, the expense ratio is 0.75%. The fund is benchmarked against the Nifty 50 Total Return Index. The fund is managed byMr. Kayzad Eghlim since August 2009.

Franklin India Index Fund Gem

Franklin India Index Fund, incorporated in August 2000, has an AUM of Rs 265 crore. Its one-year return is 5.39%, slightly higher than the category average return of 3.34%. Top five holdings constitute 38.68% of the portfolio. 67.81% of the assets are invested in finance, energy and technology, the top three sectors. The expense ratio of the fund is 1.08%. The fund is benchmarked against the Nifty 50 Total Return Index. The fund is managed by Mr. Varun Sharma since November 2015.

HDFC Index Fund – Sensex Plan Gem

HDFC Index Fund - Sensex Plan is a seventeen-year old fund with an AUM of Rs 361 crore. Its one-year return is 7.07%, a tad better than the category average of 3.34%. Top five holdings constitute 46.39% of the portfolio. 68.43% of the assets are invested in finance, energy and technology, the top three sectors. The expense ratio of the fund as well as the turnover ratio is low at 0.3% and 16% respectively. The fund is benchmarked against the S&P BSE Sensex TRI. The fund has been managed by Mr. Krishan Kumar Daga since October 2015.

                   

UTI Nifty Index Fund Gem

Incorporated in March 2000, UTI Nifty Index Fund has an AUM of Rs 1321 crore. The one-year return of the fund is 6.33% ahead of the category average of 3.34%. Top five holdings constitute 39.02% of the portfolio. 63.52% of the assets are invested in finance, energy and technology, the top three sectors. The portfolio turnover ratio is a moderate 16% and the expense ratio is very low at 0.17%. The fund is benchmarked against the Nifty 50 Total Return. The fund is managed by Mr. Sharwan Kumar Goyal since July 2018.