As you are aware, since last month, I compile a list of funds and sectors which have done well.
- Banks have been on the losing streak for a long time and there has been some respite last month, but not enough.
- Digital growth story has been intact and has an average growth of about 16% for two months in a row.
Winners #
In October 2020, banking funds have done really well.
| October 2020 | Open | End | Return | High |
|---|---|---|---|---|
| Nifty Bankex | 21685.25 | 23900.90 | 10.2% | 24769.50 |
| Nifty Private Bank | 11955.50 | 13258.00 | 10.9% | 13777.85 |
| Nifty PSU Bank | 1280.95 | 1260.50 | -1.6% | 1333.40 |
Under Nifty Bank index , we have seen growth in
- HDFC Bank (9.73%) ,
- ICICI Bank (10.67%) ,
- Kotak Mahindra Bank (22.02%)
Some of these banking funds have :
- ICICI Prudential Private Banks ETF - 7.75%
- Tata Banking and Financial Services 7.59%
- SBI ETF Nifty Bank - 7.43%
For the last two months the story seems to be intact for Digital India funds namely :
- Tata Digital India Fund (17.82%)
- ICICI Prudential Technology Fund (14.56%)
- SBI Technology Opportunities Fund (13.36%)
Losers #
Surprisingly, the ones which we did well last month, has dipped this month:
- Mirae Asset Healthcare Fund (-2.91%)
- DSP Healthcare (-1.59%)
- ICICI Prudential Pharma (-2.8%)
The story for the last two months on the losers seems to be bank mainly (despite the gain this month) :
- Kotak PSU Bank ETF (-17.24%)
- Nippon India ETF Bank BeES (-17.21%)
- ICICI Prudential FMCG Fund (-13.57%)
Disclaimer: Sectoral funds are quite risky and therefore based on your risk appetite make a wise decision.