Monthly RoundUp - October 2020

As you are aware, since last month, I compile a list of funds and sectors which have done well.

1. Banks have been on the losing streak for a long time and there has been some respite last month, but not enough.
2. 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

1. HDFC Bank (9.73%) ,
2. ICICI Bank (10.67%) ,
3. Kotak Mahindra Bank (22.02%)

Some of these banking funds have :

1. ICICI Prudential Private Banks ETF - 7.75%
2. Tata Banking and Financial Services 7.59%
3. SBI ETF Nifty Bank - 7.43%

For the last two months the story seems to be intact for Digital India funds namely :

1. Tata Digital India Fund (17.82%)
2. ICICI Prudential Technology Fund (14.56%)
3. SBI Technology Opportunities Fund (13.36%)

Losers

Surprisingly, the ones which we did well last month, has dipped this month:

1. Mirae Asset Healthcare Fund (-2.91%)
2. DSP Healthcare (-1.59%)
3. 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) :

1. Kotak PSU Bank ETF (-17.24%)
2. Nippon India ETF Bank BeES (-17.21%)
3. ICICI Prudential FMCG Fund (-13.57%)

Disclaimer: Sectoral funds are quite risky and therefore based on your risk appetite make a wise decision.

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