MFs that deals with commodity and energy stocks have beaten the Sensex returns as well as the 70% category average returns of diversified equity funds on a year-to-date basis ending 18 September of this year, credit goes to dual benefit of the rally witnessed in the equity markets and commodity rally as well.
5-8 funds that invest in mentioned theme outperformed the Sensex. Funds such as Mirae Asset Global Commodity Stocks Fund, DSP BR Natural Resources and New Energy Fund comfortably outpaced the Sensex by 6%to return about 80% during the mentioned period. The funds had a mix of overseas and domestic stocks in their portfolios.
Exposure to global mining, metal and oil refining stocks were the key drivers for the rally in these funds.
While the former held higher exposure to overseas stocks, the later managed an equally good performance, although overweight on Indian stocks.
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