Swapnil Suvarna identifies four tiny equity funds which have outperformed their respective benchmarks over various market cycles
We have dug deep to find out some unknown consistent outperformers of the industry which have tiny corpus in the universe of over 200 equity diversified schemes. We have considered only those equity funds which have been in existence for more than five years and have a corpus of less than Rs 50 crore. From the 18 funds which met these criteria, we bring you four that deserve a closer look.
Sahara Midcap (AUM = Rs 12 crore)
- Primarily invests in mid-caps with lower market cap limit at Rs 60 crore and upper market cap limit equaling the market cap of the largest weightage stock of the CNX Midcap.
- Consistently outperforms its benchmark over various market cycles and has shown good downside protection.
- Portfolio consists of quality mid-caps from sectors like pharmaceuticals & drugs, fertilizers, auto-ancillary, banks, pesticides& agrochemicals.
- Invested in equities at attractive levels.
Birla SL Buy India (AUM = Rs 44 crore)
- Primarily focuses on consumer driven and healthcare sectors.
- Consistent performance and generated reasonable alpha to its investors over various market cycles.
- Portfolio is high on quality and liquidity.
- Benefited from smart contrarian bets.
Sahara Wealth Plus (AUM = Rs 11 crore)
- Follows a unique stock selection strategy based on return on equity (ROE).
- Outperformed benchmark across various market cycles.
- Management chases sectors which are consumer driven and staging a turnaround in the business environment.
- Maintains a diverse portfolio with growth focus, high on quality and liquidity.
ING Core Equity (AUM = Rs 42 crore)
- Invests in quality growth companies that are reasonably valued.
- Has shown good downside protection and consistent outperformance against benchmark over various market cycles.
- Is heavily invested in sectors like banks, IT, refineries and FMCG.
- Management maintains a highly liquid and quality portfolio.
|
Performance
(%) |
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|
|
Sahara
Midcap |
CNX
Midcap |
Birla
SL Buy India |
BSE-200 |
Sahara
Wealth Plus |
S&P
CNX 500 |
ING
Core Equity |
BSE-200 |
|
5 years |
11.45 |
8.7 |
9.34 |
6.56 |
8.19 |
6.14 |
7 |
6.56 |
|
4 years |
4.88 |
0.9 |
6.24 |
-0.76 |
2.8 |
-0.99 |
0.73 |
-0.76 |
|
3 years |
19.13 |
14.54 |
18.7 |
10.4 |
13.13 |
10.81 |
12.26 |
10.4 |
|
2 years |
6.84 |
3.49 |
8.39 |
-0.28 |
6.16 |
-0.58 |
3.85 |
-0.28 |
|
1 year |
-15.89 |
-22.67 |
-15.46 |
-18.67 |
-14.64 |
-18.3 |
-13.02 |
-18.67 |
|
6 month |
-2.11 |
-9.91 |
-0.76 |
-12.24 |
-4.18 |
-11.52 |
-9.19 |
-12.24 |
|
Returns as on September 29, 2011.
Returns less than 1 year are absolute, while greater than 1 year is
annualised. |
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Source: Accord Fintech |
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