Best and the worst-performing mutual fund categories in January 2022
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
In January i.e., at the start of the year 2022, the banking sector category is the best performer while the technology sectoral category is the worst performer.
In January i.e., at the start of the year 2022, the banking sector category is the best performer. While the technology sectoral category performed worst among other mutual fund categories which was the best performing category since November 2021. Besides, both schemes are equity-oriented. The return of the banking sectoral category for one month is 6.24 per cent. Whereas, the one month return for the technology sectoral category is -9.61 per cent.
Let’s look at the best as well as worst-performing funds or ETFs within the category of Banking and Technology sector based on one month return:
|
Fund Name (Direct Plan) |
1-month return (%) (January 2022) |
AUM (in crores) (as of Dec 2021) |
Expense Ratio (%) (as of Dec 2021) |
|
Kotak PSU Bank ETF |
14.45 |
₹186 |
0.49 |
|
Nippon India ETF PSU Bank BeES |
14.44 |
₹412 |
0.49 |
|
Nippon India Banking & Financial Services Fund |
6.72 |
₹3,089 |
1.37 |
|
Aditya Birla Sun Life Banking ETF |
6.21 |
₹72 |
0.16 |
|
Fund Name (Direct Plan) |
1-month return (%) (January 2022) |
AUM (in crores) (as of Dec 2021) |
Expense Ratio (%) (as of Dec 2021) |
|
Axis Tech ETF |
-12.45 |
₹26 |
0.22 |
|
SBI ETF IT |
-12.41 |
₹1,530 |
0.22 |
|
Aditya Birla Sun Life Nifty IT |
-12.40 |
₹39 |
- |
|
ICICI Prudential IT ETF |
-12.40 |
₹3,194 |
0.20 |
Let’s look at the top holdings of the above-mentioned best as well as worst-performing funds:
|
Kotak PSU Bank ETF |
|
|
Company Name |
%Assets |
|
State Bank of India |
31.04 |
|
Bank of Baroda |
16.58 |
|
Canara Bank |
14.59 |
|
Punjab National Bank |
14.14 |
|
Union Bank of India |
6.43 |
|
Axis Tech ETF |
|
|
Company Name |
%Assets |
|
Infosys |
27.38 |
|
Tata Consultancy Services |
23.52 |
|
Tech Mahindra |
10.44 |
|
Wipro |
9.34 |
|
HCL Technologies |
8.70 |