GEMGAZE

May 2020

The consistent performance of all five funds in the May 2019 GEMGAZE is reflected in all the funds holding on to their esteemed position of GEM in the May 2020 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 3214 crore. The one-year return of the fund is -17.62% as against the category average return of -16.30%. The fund has earned return since launch of 13.5%. The top five stocks constitute 42.5% of the assets of the fund. The top three sectors finance, energy, and technology constitute 67.44% of the assets of the fund. The expense ratio of the fund is 0.05% and the turnover ratio is 105%. 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 688 crore ICICI Prudential Nifty Index Fund incorporated in February 2002, has earned a one-year return of -17.99% slightly less than the category average return of -16.30%. The fund has earned return since launch of 12.8%. Top five holdings constitute 40.07% of the portfolio. 66.43% of the assets are invested in finance, energy and technology, the top three sectors. While the portfolio turnover ratio is 45%, 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.

Franklin India Index Fund Gem

Franklin India Index Fund, incorporated in August 2000, has an AUM of Rs 297 crore. Its one-year return is -18.41%, slightly less than the category average return of -16.3%. The fund has earned return since launch of 10.59%. Top five holdings constitute 42.51% of the portfolio. 67.18% of the assets are invested in finance, energy and technology, the top three sectors. The expense ratio of the fund is 0.84%. 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 1177 crore. Its one-year return is -16.89%, a tad less than the category average of -16.3%. The fund has earned return since launch of 12.93%. Top five holdings constitute 48.9% of the portfolio. 72.27% 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 0.3% and 16.23% 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 2097 crore. The one-year return of the fund is -17.89% a little less than the category average of -16.3%. The fund has earned return since launch of 9.34%. Top five holdings constitute 42.62% of the portfolio. 67.6% of the assets are invested in finance, energy and technology, the top three sectors. The portfolio turnover ratio is a moderate 20% and the expense ratio is very low at 0.17%. The fund is benchmarked against the Nifty 50 Total Return Index. The fund is managed by Mr. Sharwan Kumar Goyal since July 2018.