Mutual Funds – JM Core 11 Fund & Kotak Contra Fund

JM Core 11 Fund

jm financial logoIt is an open ended equity diversified fund by JM Financial Mutual Fund. Asset size of the fund is Rs 76.09 Cr (30 June 2011). Fund started on 5 February 2008. Rs 25,000 is the minimum investment. Asit Bhandarkar is the fund manager. Fund’s one year return is (-35.5) %. Nifty’s one year return is (-18.3) %. 2008 was a gigantic year for global stock markets. Nifty gave a negative return of 51% in the year. Fund also gave a negative return of 70.6% in that period. 2009 was a brilliant year for Indian stock markets. Nifty gave 75% return in the year. Fund gave a return of 54% in that period.

Mahindra & Mahindra, PTC India, Hindalco Industries, Infosys, LIC Housing Finance, Sintex Industries, Yes Bank, Tata Steel, ICICI Bank, Diamond Power Infrastructure and Reliance Industrial Infrastructure are the top holdings of the fund. Banking/Finance, Metal & Mining and Engineering are the main sectors preferred by the fund. 95.55% of amount is invested in equities. 52 week high and low of NAV is Rs 5.03 and Rs 2.95 respectively. NAV of the fund closed at Rs 3.188 (21 October 2011).

 

Kotak Contra Fund

kotak mutual fundIt is an open ended equity diversified fund by Kotak Mahindra Mutual Fund. Asset size of the fund is Rs 67.98 Cr (30 June 2011). Fund started on 1 July 2005. Rs 5,000 is the minimum investment. Fund’s one year return is (-23.4) %. Nifty’s one year return is (-18.3) %. 2008 was a fearful year for global capital markets. Nifty gave a negative return of 51% in the year. Fund also gave a negative return of 51.1% in that period. 2009 was a marvelous year for Indian capital markets. Nifty gave 75% return in the year. Fund gave 78% return in that period. Fund gave 8.7% and 7.2% annualized return in the last three and five years respectively.

ITC, HDFC Bank, ICICI Bank, Reliance Industries, Tata Consultancy Services, Hindustan Zinc, Housing Development Finance Corporation, Infosys, Cairn India, Larsen & Toubro, Sun Pharmaceutical Industries, Lupin, Hindustan Unilever and Jindal Steel & Power are the top holdings of the fund. Banking/Finance, Technology and Oil & Gas are the main sectors preferred by the fund. 97.36% of amount is invested in equities. 52 week high and low of NAV is Rs 24.82 and Rs 17.67 respectively. NAV of the fund closed at Rs 18.769 (21 October 2011).

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