Background: Fortis Investments is the autonomous global asset management arm of the Fortis group. Fortis Investments is a top-tier asset management company with a truly global footprint. Fortis Investment Management (India) Private Limited aim is to offer a wide range of investment products, designed to cater to varied investment needs of different categories of investors in India, which was formerly known as ABN Amro Asset Management (Asia) Limited. The fund house managed assets worth Rs 7380.91 crore at end of May 2009.
Fortis Opportunities Fund (G) is an open-ended equity scheme launched in March 2005. The objective of the scheme is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities.
The scheme will invest in a range of companies, with a bias towards large and medium market capitalization companies.
The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 15.78 per unit as on 4 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 4.86 crore to Rs 81.69 crore in April 2009.
Fortis Opportunities Fund (G) took fresh exposure to three stocks in April 2009. It has purchased 49467 units (1.30%) of Reliance Communication and 18947 units (0.54%) of DLF, 3516 units (0.24%) of Ultra Tech Cement.
The scheme exited completely from Kotak Mahindra Bank by selling 12366 units (0.46%) in April 2009.
Sector-wise, the scheme took fresh exposure to Cement - North India at 0.24% and at 1.50% in April 2009.
Sector-wise, the scheme did not exit completely from any sector in April 2009.
The scheme had highest exposure to Reliance Industries with 45088 units (9.95% of portfolio size) followed by ITC with 2.39 lakh units (5.55%), Bharti Airtel with 50431 units (4.63%) and Infosys Technologies with 22607 units (4.17%) among others in April 2009.
It reduced its exposure to Bharat Bijlee by selling 19568 units to 30040 units (by 0.80%), Opto Circuits (India) by selling 45171 units to 1.16 lakh units (by 1.58%), Hindustan Zinc by selling 8225 units to 11942 units (by 0.47%) and ITC by selling 318 units to 2.39 lakh units (by 0.22%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Refineries at 13.77% (from 13.48% in March 2009), followed by Banks-Public Sector at 7.24% (7.00%), Banks-Private Sector at 6.85% (6.65%) and at Telecommunications-Service Provider 6.36% (4.49%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Electronics-Components to 1.58% (by 0.55%), Electric Equipment to 4.80% (by 0.49%), Mining/Minerals/Metals to 2.18% (by 0.37%) and Personal Care-Multinational to 4.53% (by 0.28%) among others in April 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over all time periods.
The scheme has posted returns of 21.79% underperforming the BSE 200 that gained 30.07% over 1 month period ended 4 June 2009. Over 3 months period, the scheme advanced by 56.90% under performing the benchmark index that gained 84.43%. It fell 30.47% more than the benchmark index that declined by 3.96% over 1 year period.
Fortis Opportunities Fund (G) is an open-ended equity scheme launched in March 2005. The objective of the scheme is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities.
The scheme will invest in a range of companies, with a bias towards large and medium market capitalization companies.
The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 15.78 per unit as on 4 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 4.86 crore to Rs 81.69 crore in April 2009.
Fortis Opportunities Fund (G) took fresh exposure to three stocks in April 2009. It has purchased 49467 units (1.30%) of Reliance Communication and 18947 units (0.54%) of DLF, 3516 units (0.24%) of Ultra Tech Cement.
The scheme exited completely from Kotak Mahindra Bank by selling 12366 units (0.46%) in April 2009.
Sector-wise, the scheme took fresh exposure to Cement - North India at 0.24% and at 1.50% in April 2009.
Sector-wise, the scheme did not exit completely from any sector in April 2009.
The scheme had highest exposure to Reliance Industries with 45088 units (9.95% of portfolio size) followed by ITC with 2.39 lakh units (5.55%), Bharti Airtel with 50431 units (4.63%) and Infosys Technologies with 22607 units (4.17%) among others in April 2009.
It reduced its exposure to Bharat Bijlee by selling 19568 units to 30040 units (by 0.80%), Opto Circuits (India) by selling 45171 units to 1.16 lakh units (by 1.58%), Hindustan Zinc by selling 8225 units to 11942 units (by 0.47%) and ITC by selling 318 units to 2.39 lakh units (by 0.22%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Refineries at 13.77% (from 13.48% in March 2009), followed by Banks-Public Sector at 7.24% (7.00%), Banks-Private Sector at 6.85% (6.65%) and at Telecommunications-Service Provider 6.36% (4.49%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Electronics-Components to 1.58% (by 0.55%), Electric Equipment to 4.80% (by 0.49%), Mining/Minerals/Metals to 2.18% (by 0.37%) and Personal Care-Multinational to 4.53% (by 0.28%) among others in April 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over all time periods.
The scheme has posted returns of 21.79% underperforming the BSE 200 that gained 30.07% over 1 month period ended 4 June 2009. Over 3 months period, the scheme advanced by 56.90% under performing the benchmark index that gained 84.43%. It fell 30.47% more than the benchmark index that declined by 3.96% over 1 year period.
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