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Our Market Timing
Our Past Future Winner Picks
Last 8 Months Advice
(Aug'09 - Mar'10)
Mutual Fund Round Table
AURUM Oct 2006
Quit... Sundaram Select Midcap

Early 2005: We strongly recommended Sundaram Select Midcap because...
  • Corpus size was small.
  • Equity Fund Manager / Team was excellent.
  • Overall performance of schemes of the fund house was quiet encouraging.
  • Also met most of our internal fund selection parameters.
  • We felt this Midcap fund would do very well going ahead, though other advisors were not recommending this midcap fund. ValueResearch had given * * * rating to Sundaram Select Midcap.
Then untill May 2006:
Sundaram Select Midcap: Proved to be No. 1 performing midcap fund.
Then, this midcap fund caught investors & advisors fancy.

June 2006: We were shocked to see the corpus of the fund crossing 950 crores in May'06 whereas the April'06 corpus figure released in May'06 was around 750 crore.

Sept 2006: Corpus size swelled. Sundaram Select Midcap : Rs. 1200 crore.*

Oct 2006 Aurum - We Recommended - QUIT
We were proved right!

Oct '06 - Jan '07, Sundaram Select Midcap gave one of the worst returns in midcap funds category.

03/10/06 31/01/07 % Appr
BSE Midcap 5161 6045 17%
Rank BSE Smallcap 6195 7504 21%
1 ICICI Pru Emerging STAR 23.79 29.92 26%
2 SBI Magnum Global 36.62 45.82 25%
3 SBI Magnum Midcap 19.00 23.53 24%
4 HSBC Midcap Equity 17.06 20.75 22%
5 Tata Growth 27.10 32.83 21%
6 Kotak Midcap 17.31 20.67 19%
7 SBI Sector Emerging Business 26.18 31.16 19%
8 Taurus Discovery Stock 14.07 16.72 19%
9 UTI Thematic - Mid Cap 19.99 23.67 18%
10 Reliance Growth 234.47 276.61 18%
11 Fortis Future Leaders 9.04 10.53 17%
12 Franklin India Prima 185.80 216.32 16%
13 Birla Sun Life Midcap 57.67 66.80 16%
14 Tata Mid Cap 12.69 14.61 15%
15 DBS Chola Midcap 23.98 27.48 15%
16 JM Mid Cap 20.02 22.85 14%
17 Sundaram Select Midcap 82.99 94.48 14%
18 Sundaram SMILE 17.10 19.30 13%
19 Sahara Midcap 16.50 18.45 12%
 
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