Background: Sundaram BNP Paribas Asset Management Company Ltd., a fully owned subsidiary of Sundaram Finance. The AMC was started in 1996 as a joint venture between Sundaram Finance (61%) and Newton Investment Management (39%). Subsequent to the acquisition of Newton by US-based Mellon Financial Corporation, Sundaram Finance, in 2002, acquired the 39% stake of Newton in the AMC. The fund house manages assets worth Rs 11161.77 crore in April 2009.
Sundaram BNP Paribas Select Focus (G) an open-ended equity scheme launched in June 2002. The objective of the scheme is to achieve capital appreciation by investing in very few select stocks. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 66.30 per unit as on 26 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 109.40 crore to Rs 910.46 crore in April 2009.
Sundaram BNP Paribas Select Focus (G) took fresh exposure to eight stocks in April 2009. It has purchased 4.56 lakh units (2.44%) of Mahindra & Mahindra, 13.01 lakh units (1.64%) of India Cements, 29.34 lakh units (1.42%) of Unitech and 6.33 lakh units (1.32%) of Pantaloon Retail (India) among others.
The scheme exited completely from HDFC Bank by selling 2.51 lakh units (3.04%), Hindustan Unilever by selling 9.78 lakh units (2.91%), Hindustan Petroleum Corporation by selling 5.90 lakh units (1.98%) and NTPC by selling 8.21 lakh units (1.85%) among others in April 2009.
Sector-wise, the scheme took fresh exposure to Automobiles-Tractors at 2.44%, Cement-South India at 1.64% and Textiles-Products at 1.32% in April 2009.
Sector-wise, the scheme exited completely from Personal Care-Multinational at 2.91%, Pharmaceuticals-Indian-Bulk Drugs & Formulation at 1.50% and Automobiles-Passenger Cars at 1.03% among others in April 2009.
The scheme had highest exposure to Reliance Industries with 4.85 lakh units (9.62% of portfolio size) followed by ICICI Bank with 9.95 lakh units (5.22%), Bharti Airtel with 6.17 lakh units (5.09%) and State Bank of India with 3.38 lakh units (4.75%) among others in April 2009.
It reduced its exposure to Reliance Communication by selling 3.75 lakh units to 13.01 lakh units (by 0.58%), Bharat Heavy Electricals by selling 24137 units to 1.10 lakh units (by 0.52%), ITC by selling 2543 units to 19.13 lakh units (by 0.45%) and State Bank of India by selling 34953 units to 3.38 lakh units (by 0.22%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Refineries at 11.61% (from 11.79% in March 2009), followed by Power Generation and Supply at 10.35% (8.72%), Banks-Public Sector at 8.32% (8.53%) and Telecommunications-Service Provider at 8.16% (5.26%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Electric Equipment to 2.00% (by 0.52%), Cigarettes to 3.98% (by 0.45%), Banks-Public Sector to 8.32% (by 0.21%) and Steel-Large to 2.27% (by 0.19%) among others in April 2009.
Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 21.22% outperforming the S&P CNX Nifty that gained 18.27% over 1 month period ended 26 May 2009. Over 3 months period, the scheme advanced by 42.72% underperforming the S&P CNX Nifty that gained 47.78%. It fell 15.81% more than the benchmark index that declined by 15.56% over 1 year period.
Sundaram BNP Paribas Select Focus (G) an open-ended equity scheme launched in June 2002. The objective of the scheme is to achieve capital appreciation by investing in very few select stocks. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 66.30 per unit as on 26 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 109.40 crore to Rs 910.46 crore in April 2009.
Sundaram BNP Paribas Select Focus (G) took fresh exposure to eight stocks in April 2009. It has purchased 4.56 lakh units (2.44%) of Mahindra & Mahindra, 13.01 lakh units (1.64%) of India Cements, 29.34 lakh units (1.42%) of Unitech and 6.33 lakh units (1.32%) of Pantaloon Retail (India) among others.
The scheme exited completely from HDFC Bank by selling 2.51 lakh units (3.04%), Hindustan Unilever by selling 9.78 lakh units (2.91%), Hindustan Petroleum Corporation by selling 5.90 lakh units (1.98%) and NTPC by selling 8.21 lakh units (1.85%) among others in April 2009.
Sector-wise, the scheme took fresh exposure to Automobiles-Tractors at 2.44%, Cement-South India at 1.64% and Textiles-Products at 1.32% in April 2009.
Sector-wise, the scheme exited completely from Personal Care-Multinational at 2.91%, Pharmaceuticals-Indian-Bulk Drugs & Formulation at 1.50% and Automobiles-Passenger Cars at 1.03% among others in April 2009.
The scheme had highest exposure to Reliance Industries with 4.85 lakh units (9.62% of portfolio size) followed by ICICI Bank with 9.95 lakh units (5.22%), Bharti Airtel with 6.17 lakh units (5.09%) and State Bank of India with 3.38 lakh units (4.75%) among others in April 2009.
It reduced its exposure to Reliance Communication by selling 3.75 lakh units to 13.01 lakh units (by 0.58%), Bharat Heavy Electricals by selling 24137 units to 1.10 lakh units (by 0.52%), ITC by selling 2543 units to 19.13 lakh units (by 0.45%) and State Bank of India by selling 34953 units to 3.38 lakh units (by 0.22%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Refineries at 11.61% (from 11.79% in March 2009), followed by Power Generation and Supply at 10.35% (8.72%), Banks-Public Sector at 8.32% (8.53%) and Telecommunications-Service Provider at 8.16% (5.26%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Electric Equipment to 2.00% (by 0.52%), Cigarettes to 3.98% (by 0.45%), Banks-Public Sector to 8.32% (by 0.21%) and Steel-Large to 2.27% (by 0.19%) among others in April 2009.
Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 21.22% outperforming the S&P CNX Nifty that gained 18.27% over 1 month period ended 26 May 2009. Over 3 months period, the scheme advanced by 42.72% underperforming the S&P CNX Nifty that gained 47.78%. It fell 15.81% more than the benchmark index that declined by 15.56% over 1 year period.
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