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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