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) Ltd. The fund house managed assets worth Rs 8027.68 crore at end of June 2009.
Fortis Equity Fund (G) is an open-ended equity scheme launched in August 2004. The objective of the scheme is to generate long-term capital growth from a diversified and 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 27.95 per unit as on 29 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 3.02 crore to Rs 104.81 crore in June 2009.
Fortis Equity Fund (G) took fresh exposure to three stocks in June 2009. The scheme has purchased 40516 units (1.38%) of Lanco Infratech, 74958 units (1.20%) of Reliance Power and 14142 units (1.04%) of ACC.
The scheme exited completely from Asian Paints by selling 2220 units (0.22%) in June 2009.
Sector-wise, the scheme took fresh exposures in Engineering at 1.38%. Sector-wise, the scheme exits completely from Paints/Varnishes at 0.22% in June 2009.
The scheme had highest exposure to Reliance Industries with 38392 units (7.41% of portfolio size) followed by Bharti Airtel with 75004 units (5.74%), ONGC with 45008 units (4.58%) and NTPC with 2.10 lakh units (3.91%) among others in June 2009.
It reduced its exposure from NTPC by selling 89928 units to 2.10 lakh units (by 2.08%), State Bank of India by selling 8968 units to 15028 units (1.66%), Reliance Petroleum by selling 46763 units to 2.54 lakh units (0.96%) and Reliance Industries by selling 512 units to 38392 units (0.81%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 14.23% (from 16.34% in May 2009), followed by Computers-Software-Large at 9.69% (8.04%), Telecommunications-Service Providers at 8.76% (9.50%) and Power Generation & Supply at 8.03% (8.80%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Refineries to 14.23% (by 2.10%), Banks-Public Sector to 4.99% (by 1.32%), Power Generation & Supply to 8.03% (by 0.77%) and Telecommunications-Service Provider to 8.76% (by 0.74%) among others in June 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 3.33% outperformed the S&P CNX Nifty that gained 2.79% over 1 month period ended 29 July 2009.
Over 3 months period, the scheme advanced by 27.57% underperforming the benchmark index that gained 29.92%. It rose 6.23% less than the benchmark index that advanced by 7.72% over 1 year period.
Fortis Equity Fund (G) is an open-ended equity scheme launched in August 2004. The objective of the scheme is to generate long-term capital growth from a diversified and 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 27.95 per unit as on 29 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 3.02 crore to Rs 104.81 crore in June 2009.
Fortis Equity Fund (G) took fresh exposure to three stocks in June 2009. The scheme has purchased 40516 units (1.38%) of Lanco Infratech, 74958 units (1.20%) of Reliance Power and 14142 units (1.04%) of ACC.
The scheme exited completely from Asian Paints by selling 2220 units (0.22%) in June 2009.
Sector-wise, the scheme took fresh exposures in Engineering at 1.38%. Sector-wise, the scheme exits completely from Paints/Varnishes at 0.22% in June 2009.
The scheme had highest exposure to Reliance Industries with 38392 units (7.41% of portfolio size) followed by Bharti Airtel with 75004 units (5.74%), ONGC with 45008 units (4.58%) and NTPC with 2.10 lakh units (3.91%) among others in June 2009.
It reduced its exposure from NTPC by selling 89928 units to 2.10 lakh units (by 2.08%), State Bank of India by selling 8968 units to 15028 units (1.66%), Reliance Petroleum by selling 46763 units to 2.54 lakh units (0.96%) and Reliance Industries by selling 512 units to 38392 units (0.81%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 14.23% (from 16.34% in May 2009), followed by Computers-Software-Large at 9.69% (8.04%), Telecommunications-Service Providers at 8.76% (9.50%) and Power Generation & Supply at 8.03% (8.80%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Refineries to 14.23% (by 2.10%), Banks-Public Sector to 4.99% (by 1.32%), Power Generation & Supply to 8.03% (by 0.77%) and Telecommunications-Service Provider to 8.76% (by 0.74%) among others in June 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 3.33% outperformed the S&P CNX Nifty that gained 2.79% over 1 month period ended 29 July 2009.
Over 3 months period, the scheme advanced by 27.57% underperforming the benchmark index that gained 29.92%. It rose 6.23% less than the benchmark index that advanced by 7.72% over 1 year period.
