Monday, June 14, 2021

 

GEMGAZE

June 2021

The consistent performance of all five funds in the May 2020 GEMGAZE is reflected in all the funds holding on to their esteemed position of GEM in the June 2021 GEMGAZE.

Nippon India ETF Nifty BeES Gem

Incorporated in December 2001, Nippon India ETF Nifty BeES (formerly known as Goldman Sacs Nifty ETF Fund and then Reliance ETF Nifty BeES) has an AUM of Rs 3670 crore. The one-year return of the fund is 61.29% as against the category average return of 58.79%. The fund has earned return since launch of 15.91%. The top five stocks constitute 41.32% of the assets of the fund. The top three sectors finance, technology and energy constitute 68.18% of the assets of the fund. The expense ratio of the fund is 0.05% and the turnover ratio is 55%. 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 1697 crore ICICI Prudential Nifty Index Fund incorporated in February 2002, has earned a one-year return of 60.29% slightly more than the category average return of 58.79%. The fund has earned return since launch of 15.22%. Top five holdings constitute 41.45% of the portfolio. 68.28% of the assets are invested in finance, technology and energy, the top three sectors. While the portfolio turnover ratio is 47%, the expense ratio is 0.45%. The fund is benchmarked against the Nifty 50 Total Return Index. The fund is managed by Mr. Kayzad Eghlim since August 2009 and Nitish Patel since January 2021.

Franklin India Index Fund Gem

Franklin India Index Fund, incorporated in August 2000, has an AUM of Rs 414 crore. Its one-year return is 59.66%, slightly more than the category average return of 58.77%. The fund has earned return since launch of 12.86%. Top five holdings constitute 41.59% of the portfolio. 68.078% of the assets are invested in finance, technology and energy, the top three sectors. The expense ratio of the fund is 0.67%. 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 nineteen-year old fund with an AUM of Rs 2210 crore. Its one-year return is 57.76%, a tad less than the category average of 58.79%. The fund has earned return since launch of 15.23%. Top five holdings constitute 48.24% of the portfolio. 74.93% of the assets are invested in finance, technology and energy the top three sectors. The expense ratio of the fund as well as the turnover ratio is low at 0.4% and 31.02% 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 and Mr. Arun Agarwal since August 2020.

UTI Nifty Index Fund Gem

Incorporated in March 2000, UTI Nifty Index Fund has an AUM of Rs 4022 crore. The one-year return of the fund is 61.10% a little more than the category average of 58.79%. The fund has earned return since launch of 11.67%. Top five holdings constitute 41.38 of the portfolio. 68.27% of the assets are invested in finance, technology and energy, the top three sectors. The portfolio turnover ratio is a moderate 30% and the expense ratio is very low at 0.29%. The fund is benchmarked against the Nifty 50 Total Return Index. The fund is managed by Mr. Sharwan Kumar Goyal since July 2018.