GEMGAZE

May 2017

All the GEMs from the 2016 GEMGAZE but Tata Index Nifty Fund have performed reasonably well through thick and thin and figure prominently in the 2017 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 912 crore. The one-year return of the fund is 22.5% as against the category average returns of 24.83%.  The top five stocks constitute 34.6% of the assets of the fund. The top three sectors finance, energy, and technology constitute 60.87% of the assets of the fund. The expense ratio of the fund is 0.49% and the turnover ratio is 62%. The fund is benchmarked against the Nifty 50. The fund is efficiently managed by Mr. Payal Kaipunjal since May 2014.

ICICI Prudential Index Fund Gem

The Rs 260 crore ICICI Prudential Index Fund, incorporated in February 2002, has earned a one-year return of 21.71% slightly trailing the category average return of 24.83%. Top five holdings constitute 33.87% of the portfolio. 60.67% of the assets are invested in finance, energy and technology, the top three sectors. While the portfolio turnover ratio is very high at 106%, the expense ratio is low at 0.93%. The fund is managed by Kayzad Eghlim since August 2009.

Franklin India Index Fund Gem

Franklin India Index Fund, incorporated in August 2000, has an AUM of Rs 241 crore. Its one-year return is 21.42%, slightly lower than the category average return of 24.83%. Top five holdings constitute 32.98% of the portfolio. 58.05% of the assets are invested in finance, energy and technology, the top three sectors. The expense ratio of the fund is 1.06%. The fund is benchmarked against the Nifty 50. The fund is managed by Varun Sharma since November 2015.

HDFC Index Sensex Plus Fund Gem

HDFC Index Sensex Plus Fund is a fifteen-year old fund with an AUM of Rs 108 crore. Its one-year return is 23.12%, almost nearing the category average of 23.47. Top five holdings constitute 37.7% of the portfolio. 56.24% 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 1% and 7% respectively. The fund is benchmarked against the S&P BSE Sensex. The fund has been managed by Krishan Kumar Daga since October 2015.

UTI Nifty Index Fund Gem

Incorporated in March 2000, UTI Nifty Index Fund has an AUM of Rs 527 crore. The one-year return of the fund is 20.91% trailing the category average of 23.47%.  Top five holdings constitute 32.8% of the portfolio. 57.68% of the assets are invested in finance, energy and technology, the top three sectors. The portfolio turnover ratio is a moderate 49% and the expense ratio is very low at 02%. The fund is benchmarked against the Nifty 50. The fund is managed by Kaushik Basu since July 2011.