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Is it time to park funds in pharma-specific MFs?

Published on Wed, Jun 18 at 16:07 , Updated at Thu, Jun 19 at 12:48
Source : CNBC-TV18

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Pharma-specific mutual funds have been among the best performing funds over the last three months, compared to a Sensex that performed 6%, a midcap that performed 4.5% and a smallcap that performed 3.5%.

 

Here’s how certain sectors have performed:  

 

Sector                  Return

 

Pharma             21%

Tech                 16%

FMCG               10%

 

 

The Launch dates of these Pharma schemes were:

 

Reliance Pharma            Mar,  2004

UTI Pharma                    Jun,  1999

Franklin Pharma             Mar,  1999

Magnum Pharma            Jul,    1999

JM Pharma                    Jun,   2004

 

Assets under management of the Pharma stocks:

 

Companies                              Rs(Cr)

 

Reliance Pharma                       115

UTI Pharma                               60.4

Franklin Pharma                        46.7

Magnum Pharma                        35

JM Pharma                                6.8

 

Percentage of returns  on the Pharma funds:

 

Company                                 3-Yr                  3-Month

 

Reliance Pharma                        23.3                  20.7

JM Pharma                                17.4                  22.8

Magnum Pharma                        13.8                  19

Franklin Pharma                         14.4                  20.4

UTI Pharma                                14.5                  24.4

 

By Varinder Bansal, CNBC-TV18

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