Background: Escorts Assets Management was set up in April 1996. The Mutual Fund is sponsored by Escorts Finance Ltd. The objectives of the Mutual Fund, inter alia include contribution to the development of the capital market and providing facilities for participation by holders of Units of the Mutual Fund in the profits or income arising there from. The fund house manages assets worth Rs 201.45 crore at end of June 2009.
Escort Growth Plan (G) an open-ended equity diversified scheme launched in February 2001. The scheme aims at providing long term capital appreciation from a diversified portfolio across all sectors and scrips.
The minimum investment amount is Rs 1000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 53.40 as on 6 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.61 crore to Rs 3.27 crore in May 2009.
Escort Growth Plan (G) took fresh exposure to seventeen stocks in May 2009. The scheme has purchased 485 units (3.38%) of Reliance Industries, 4856 units (3.02%) of Selan Explorations Technology, 4880 units (2.38%) of Sterlite Technologies and 2432 units (2.13%) of Shiv-Vani Oil & Gas Exploration Services among others.
The scheme exited completely from Welspun Gujarat Stahl Rohren by selling 10059 units (3.80%), K S Oils by selling 20043 units (3.46%), Bank of Rajasthan by selling 20164 units (3.23%) and Elecon Engineering Company by selling 19976 units (3.23%) among others in May 2009.
Sector-wise, the scheme took fresh exposure to Oil Drilling/Allied Services at 5.15%, Cables-Telephone at 2.38%, Computers-Software-Converts at 1.80% and Telecommunications-Service Provider at 1.69% among others in May 2009.
Sector-wise, the scheme did exit completely from Steel-Large at 6.38%, Solvent Extraction at 3.46%, Fertilizers at 2.53% and Steel-Sponge Iron at 2.06% in May 2009.
The scheme had highest exposure to Genus Power Infrastructures with 10139 units (6.91% of portfolio size) followed by Kalindee Rail Nirman (Engineers) with 8080 units (4.09%), Action Construction Equipments with 32647 units (3.30%) and Jubilant Organosys with 5985 units (3.19%) among others in May 2009.
It reduced its exposure from Yes Bank by selling 8921 units to 4140 units (by 2.20%), Rolta India by selling 5999 units to 4051 units (1.57%), GTL Infrastructure to 13909 units (1.16%) and Jubilant Organosys by selling 1494 units to 5985 units (0.06%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Engineering at 9.74% (from 13.59% in April 2009), followed by Electronics-Components at 6.91% (5.85%), Electric Equipment at 3.71% (2.27%) and Refineries at 3.38% (1.35%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Banks-Private Sector to 1.59% (by 5.43%), Engineering to 9.74% (by 3.85%), Castings & Forgings to 0.86% (by 2.24%) and Construction to 2.24% (by 1.83%) among others in May 2009.
Performance: The performance of scheme is benchmarked against Nifty. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 12.84% underperformed the Nifty that declined 8.39% over 1 month period ended 06 July 2009.
Over 3 months period, the scheme advanced by 47.51% outperformed the Nifty that gained 29.03%. It fell by 13.65% underperformed the benchmark index that was up by 4.27% over 1 year period.
Escort Growth Plan (G) an open-ended equity diversified scheme launched in February 2001. The scheme aims at providing long term capital appreciation from a diversified portfolio across all sectors and scrips.
The minimum investment amount is Rs 1000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 53.40 as on 6 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.61 crore to Rs 3.27 crore in May 2009.
Escort Growth Plan (G) took fresh exposure to seventeen stocks in May 2009. The scheme has purchased 485 units (3.38%) of Reliance Industries, 4856 units (3.02%) of Selan Explorations Technology, 4880 units (2.38%) of Sterlite Technologies and 2432 units (2.13%) of Shiv-Vani Oil & Gas Exploration Services among others.
The scheme exited completely from Welspun Gujarat Stahl Rohren by selling 10059 units (3.80%), K S Oils by selling 20043 units (3.46%), Bank of Rajasthan by selling 20164 units (3.23%) and Elecon Engineering Company by selling 19976 units (3.23%) among others in May 2009.
Sector-wise, the scheme took fresh exposure to Oil Drilling/Allied Services at 5.15%, Cables-Telephone at 2.38%, Computers-Software-Converts at 1.80% and Telecommunications-Service Provider at 1.69% among others in May 2009.
Sector-wise, the scheme did exit completely from Steel-Large at 6.38%, Solvent Extraction at 3.46%, Fertilizers at 2.53% and Steel-Sponge Iron at 2.06% in May 2009.
The scheme had highest exposure to Genus Power Infrastructures with 10139 units (6.91% of portfolio size) followed by Kalindee Rail Nirman (Engineers) with 8080 units (4.09%), Action Construction Equipments with 32647 units (3.30%) and Jubilant Organosys with 5985 units (3.19%) among others in May 2009.
It reduced its exposure from Yes Bank by selling 8921 units to 4140 units (by 2.20%), Rolta India by selling 5999 units to 4051 units (1.57%), GTL Infrastructure to 13909 units (1.16%) and Jubilant Organosys by selling 1494 units to 5985 units (0.06%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Engineering at 9.74% (from 13.59% in April 2009), followed by Electronics-Components at 6.91% (5.85%), Electric Equipment at 3.71% (2.27%) and Refineries at 3.38% (1.35%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Banks-Private Sector to 1.59% (by 5.43%), Engineering to 9.74% (by 3.85%), Castings & Forgings to 0.86% (by 2.24%) and Construction to 2.24% (by 1.83%) among others in May 2009.
Performance: The performance of scheme is benchmarked against Nifty. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 12.84% underperformed the Nifty that declined 8.39% over 1 month period ended 06 July 2009.
Over 3 months period, the scheme advanced by 47.51% outperformed the Nifty that gained 29.03%. It fell by 13.65% underperformed the benchmark index that was up by 4.27% over 1 year period.
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