FMCG equity mutual funds rose up to 6% last week
With markets recovered in this week, equity mutual funds gave high returns to its investors. Sector-wise, FMCG was the best performer, giving nearly 6% returns in just one week.
Domestic markets this week recovered after last week's plunge on the back of regulatory body Securities and Exchange Board of India (Sebi) severe steps towards 331 shell companies.
Indices recorded gains in during the truncated trading week, with benchmark Sensex rising 311.09 to close at 31,524.68, while the broader Nifty garnering 126.60 points to finish at 9,837.40.
What boost up the sentiments of the investors this week was the ease of geo-political tension with North Korea. However, on the last day of trade, the gains were washed away after the surprise exit of Infosys CEO Vishal Sikka and terrorist attacks in Spain (Barcelona).
Despite volatility, what kept the mood of equity investors were Mutual Funds.
Equity Mutual Funds invests in equity stocks/shares of companies. These are considered high-risk funds but also tend to provide high returns.
Now, the question is where to invest in equity mutual funds. As these funds are dependent on the markets performance, it is equally important to keep a track of sectors.
Here's a look at weekly performance of sectors under equity mutual funds:
Clearly, from the above table, you can it is FMCG sectors that has given maximum return in a week, which is nearly 6%.
Whether it was demonetisation period or Goods and Service Tax (GST), FMCG sector was highly exposed. However, the sector still managed to surpass Banking sector, which was the second position with 5.44% return.
Further, to give you an insight of Equity FMCG funds, State Bank of India and ICICI Prudential were top performers.
SBI FMCG (G) with net asset value of 100.26 gave return of 4.09%. At the same time, SBI FMCG DP (G) with NAV of 104.90 gave return of 4.11%.
ICICI PruFMCG Gr (G) with NAV of 205.87 gave return of 3.13% in a week. While ICICI PruFMCG DP (G) with NAV of 212.16 gave return of 3.14%.
Disclaimer: This story is for informational purposes only and should not be taken as an investment advice.