GEMGAZE

May 2021

Three of the five GEMs from the 2019 GEMGAZE have been shown the door in view of their lacklustre performance and a set of three different funds have been accorded a red carpet welcome in the 2021 GEMGAZE. 

DSP US Flexible Equity Fund Gem

DSP US Flexible Equity Fund, incorporated in August 2012, has an AUM of Rs 373 crore. It is a feeder fund and invests in Blackrock Global Funds – US Flexible Equity Fund. 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. 96.7% of the portfolio is made up of equity with the rest in cash. Its one-year return is 52.72% - higher than most of its peers. The expense ratio of the fund is 2.46%. The fund is benchmarked against the Russell 1000 Total Return Index. The fund is managed by Mr.Laukik Bagwe since July 2012, Mr. Jay Kothari since March 2013 and Mr. Kedar Karnik since July 2016.

Motilal Oswal NASDAQ 100 Exchange Traded Fund (erstwhile Motilal Oswal MOST Shares NASDAQ - 100 ETF) Gem

Motilal Oswal NASDAQ 100 Exchange Traded Fund, launched in March 2011 sports an AUM of Rs 3203 crore. Its one-year return is 47.56%, well ahead of most of its peers. The entire assets allocated to equity are 100% with technology, consumer durables and services being the top three sectors in which the fund’s assets are invested. The expense ratio of the fund is moderate at 0.59%. The turnover of the fund is a meager 10%. The fund is benchmarked against the NASDAQ 100 TRI. The fund has been managed by Mr. Herin Visaria since July 2019.

Kotak Global Emerging Market Fund Gem

Incorporated in September 2007, Kotak Global Emerging Market Fund has an AUM of Rs 128 crore. The fund invests a greater proportion of assets in overseas mutual funds investing in globally emerging markets funds. T. Rowe Price SICAV, (TGEMF) which is a Luxembourg domiciled Fund, has been identified by Kotak Mutual Fund as the portfolio for the purpose of Kotak Global Emerging Market Fund. The fund invests 97.3% in equity. The one-year return of the fund is 54.71%, quite ahead of its peers. The expense ratio of the fund is 1.64%. The fund is benchmarked against the MSCI Emerging Markets Index. The fund is efficiently managed by Mr. Arjun Khanna since May 2019.

PGIM India Global Equity Opportunites Fund Gem

This Rs. 865 crore PGIM India Global Equity Opportunities Fund, incorporated in May 2010, is a relatively recent addition to the foreign funds category. However, even in this relatively short span of time, the scheme has succeeded in emerging as one of the best international funds in India. It has earned a one-year return of 53.39% slightly ahead of its peers. The fund is benchmarked against the MSCI All Country World TRI.  Equity constitutes 99.8% of the portfolio with the entire assets invested in PGIM Jennison Global Equity Opportunities Fund. The expense ratio is very high at 2.7%. The fund is managed by Mr. Alok Agarwal since July 2017.

Principal Global Opportunities Fund Gem

Incorporated in March 2004, Principal Global Opportunities Fund has an AUM of Rs 27 crore. The one-year return of the fund is 71.76% well ahead of its peers. The fund is benchmarked against the MSCI ACW Small Cap Index. The equity exposure of the fund is at 99.3% with the entire assets being invested in PGIF Origin Global Smaller Companies Fund. The expense ratio of the fund is 1.44%. The fund is managed by Mr. Rajat Jain since March 2004.