This is one bit of very interesting data that our analyst pulled off and thought we share with all our readers here. If you are an investor using the Mutual Fund route, then very likely your fund managers has churned his portfolio depending on the table below. If you are wondering why your funds are under performing, then the reason is obvious, your Fund Manager failed to ride these sectors.
The data is being benchmarked against BSE 200 [Our recommended HDFC Top 200 Fund follows the same benchmark]
2003: BSE 200 – 94%
Metals – 211%
Capital Goods – 167%
Auto – 149%
2004: BSE 200 – 15.6%
Bankex – 33%
Capital Goods – 29%
FMCG – 56%
2005: BSE 200 – 34%
Consumer Durables – 114%
Capital Goods – 93.65%
FMCG – 55%
2006: BSE 200 – 39%
Capital Goods – 56.7%
FMCG – 40%
Oil & Gas – 40.1%
2007: BSE 200 – 60%
Metals – 121%
Capital Goods – 117%
Oil & Gas – 115%
So what are your picks for 2008 ? Our pick is Bankex, though we expect the returns this year to be same as 2004 [it was an election year too]