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 13314.65 crore in June 2009.
Sundaram BNP Paribas CAPEX Opportunity Fund (G) an open-ended equity diversified scheme launched in August 2005.
The objective of the scheme is to generate consistent long-term returns by investing predominantly in equity/equity related instruments of companies in the capital goods sector.
The minimum investment amount is Rs 5000 and in multiples of Rs 500 thereafter. The unit NAV of the scheme was Rs 18.88 per unit as on 15 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.32 crore to Rs 540.70 crore in June 2009.
Sundaram BNP Paribas CAPEX Opportunity Fund (G) took fresh exposure to ten stocks in June 2009. The scheme has purchased 23.11 lakh units (1.64%) of Dish TV India, 27.60 lakh units (1.09%) Alok Industries, 84958 units (1.08%) of Ultra Tech Cements and 6.85 lakh units (1.01%) of Unitech among others.
The scheme exited completely from Housing Development & Infrastructure by selling 3.34 lakh units (1.81%), State Bank of India by selling 41547 units (1.48%), Axis Bank by selling 76068 units (1.13%), Dena Bank by selling 9.67 lakh units (0.99%) and Jet Airways by selling 1.58 lakh units (0.91%) in June 2009.
Sector-wise, the scheme took fresh exposures in Cement-North India at 1.95%, Entertainment/Electronic Media Software at 1.64%, Textiles-Processing at 1.09% and Refineries at 0.87% in June 2009
Sector-wise, the scheme did exit completely from Banks-Public Sector at 2.47%, Banks-Private Sector at 1.13% and Transport-Airlines at 0.91% in June 2009.
The scheme had highest exposure to Larsen & Toubro with 3.03 lakh units (8.81% of portfolio size) followed by Bharat Heavy Electricals with 1.43 lakh units (5.86%), Siemens with 5.26 lakh units (4.60%) and ABB with 2.50 lakh units (3.60%) among others in June 2009.
It reduced its exposure from Aban Offshore by selling 1.98 lakh units to 20914 units (by 3.43%), GVK Power & Infrastructure by selling 17.34 lakh units to 20.13 lakh units (1.74%), Indiabulls Real Estate by selling units 2.25 lakh units to 1.55 lakh units (1.22%) and Jaiprakash Associates by selling 2.85 lakh units to 3.78 lakh units (1.18%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Electric Equipment at 19.79% (from 19.10% in May 2009), followed by Construction at 11.80% (14.85%), Engineering-Turnkey Services at 11.36% (11.80%) and Electronics-Components at 6.51% (5.98%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Oil Drilling/Allied Services to 0.35% (by 3.43%), Construction to 11.80% (by 3.05%), Power Generation and Supply to 1.51% (by 1.74%) and Trading to 0.90% (by 0.69%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE Capital Goods Index. The scheme has underperformed the benchmark index over all the time periods.
The scheme has posted negative returns of 4.73% underperformed the BSE Capital Goods Index that declined 4.00% over 1 month period ended 15 July 2009.
Over 3 month's period, the scheme advanced by 43.93% underperformed the BSE Capital Goods Index that gained 49.39%. It rose just by 5.27% one again underperformed the benchmark index that was up by 18.09% over 1year period.
Sundaram BNP Paribas CAPEX Opportunity Fund (G) an open-ended equity diversified scheme launched in August 2005.
The objective of the scheme is to generate consistent long-term returns by investing predominantly in equity/equity related instruments of companies in the capital goods sector.
The minimum investment amount is Rs 5000 and in multiples of Rs 500 thereafter. The unit NAV of the scheme was Rs 18.88 per unit as on 15 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.32 crore to Rs 540.70 crore in June 2009.
Sundaram BNP Paribas CAPEX Opportunity Fund (G) took fresh exposure to ten stocks in June 2009. The scheme has purchased 23.11 lakh units (1.64%) of Dish TV India, 27.60 lakh units (1.09%) Alok Industries, 84958 units (1.08%) of Ultra Tech Cements and 6.85 lakh units (1.01%) of Unitech among others.
The scheme exited completely from Housing Development & Infrastructure by selling 3.34 lakh units (1.81%), State Bank of India by selling 41547 units (1.48%), Axis Bank by selling 76068 units (1.13%), Dena Bank by selling 9.67 lakh units (0.99%) and Jet Airways by selling 1.58 lakh units (0.91%) in June 2009.
Sector-wise, the scheme took fresh exposures in Cement-North India at 1.95%, Entertainment/Electronic Media Software at 1.64%, Textiles-Processing at 1.09% and Refineries at 0.87% in June 2009
Sector-wise, the scheme did exit completely from Banks-Public Sector at 2.47%, Banks-Private Sector at 1.13% and Transport-Airlines at 0.91% in June 2009.
The scheme had highest exposure to Larsen & Toubro with 3.03 lakh units (8.81% of portfolio size) followed by Bharat Heavy Electricals with 1.43 lakh units (5.86%), Siemens with 5.26 lakh units (4.60%) and ABB with 2.50 lakh units (3.60%) among others in June 2009.
It reduced its exposure from Aban Offshore by selling 1.98 lakh units to 20914 units (by 3.43%), GVK Power & Infrastructure by selling 17.34 lakh units to 20.13 lakh units (1.74%), Indiabulls Real Estate by selling units 2.25 lakh units to 1.55 lakh units (1.22%) and Jaiprakash Associates by selling 2.85 lakh units to 3.78 lakh units (1.18%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Electric Equipment at 19.79% (from 19.10% in May 2009), followed by Construction at 11.80% (14.85%), Engineering-Turnkey Services at 11.36% (11.80%) and Electronics-Components at 6.51% (5.98%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Oil Drilling/Allied Services to 0.35% (by 3.43%), Construction to 11.80% (by 3.05%), Power Generation and Supply to 1.51% (by 1.74%) and Trading to 0.90% (by 0.69%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE Capital Goods Index. The scheme has underperformed the benchmark index over all the time periods.
The scheme has posted negative returns of 4.73% underperformed the BSE Capital Goods Index that declined 4.00% over 1 month period ended 15 July 2009.
Over 3 month's period, the scheme advanced by 43.93% underperformed the BSE Capital Goods Index that gained 49.39%. It rose just by 5.27% one again underperformed the benchmark index that was up by 18.09% over 1year period.
No comments:
Post a Comment