Union KBC Equity Fund Portfolio as of end of July 2011
August 4th, 2011
The Factsheet of Union KBC Equity Fund, the equity fund from the newest AMC, the Union KBC, is released recently. This is the first fact sheet in the equity schemes released by the fund house and hence we get an opportunity to get to know some basic information of the internals of the fund.
The average assets under management for July 2011 is at Rs. 160.44 crores which is a healthy figure. The expense ratio is at 2.40% YTD, the right of which the AMC reserves to change within the prescribed limits in the SID.
The fund benchmarks with BSE 100 which is down 0.54% during the period. At the same time, the scheme is down 0.50% which indicates slightly better performance than the BSE 100.
Sectorial breakup shows that the scheme has heavily invested in Banks (16.82%), Software (13.43%), Pharma (6.53%) amongst others. The scheme has cash and equivalents constituting 15.76%. This is reasonable considering that the scheme is newly floated and the US-debt and European worries are troublesome for the Indian stock markets too.
The scheme has its investments in Infosys (6.07%), ICICI Bank (6%), Reliance Industries (5.16%), Tata Consultancy Services (4.31%), L&T (4.22%) amongst others.
Entry Filed under: Mutual Funds, Midcap Funds, Largecap Funds, Union KBC Mutual Fund