Equity mutual funds as a class posted an average return of 55.65%, out performing the Sensex return of 45.17%, over the one-year period ended 4 January 2008. Of the 246 equity schemes, 120 exceeded the category average of 55.65% in the one-year period, while 183 outperformed the Sensex that is posted 45.17%. The topper was Reliance Diversified Power Sector (G) with 135.53% return. In the equity category, the diversified categories, Midcap and tax planning outperformed, giving a category average of 57.98%, 61.65 % and 57.03%, respectively.
In the equity diversified category, out of the 131 schemes, 62 exceeded the category average of 57.98%, while 104 outperformed the Sensex return of 45.17%, over the one-yea period ended 4 January 2008. DSP ML Top 100 Equity Fund with institutional option clinched the first position, with 112.27% return, followed by DSP ML Top 100 Equity Fund (G) with 108.95% return. DWS Alpha Equity Fund (G) secures the third position with 104.64% in 1-year period.
In the mid-cap segment, Birla Midcap Fund (G) the topper, with 81.41% return, exceeding the category average of 61.65%, followed by Reliance Growth Fund - (G) with 79.16% return. All 24 schemes underperformed the CNX Midcap index, which has posted 83.66% returns in 1-year period.
Pru ICICI FMCG Fund (G) was the topper in the FMCG category, with 43.27% return, outperforming the category average of 32.21% and out performing the BSE FMCG index with 23.50% returns.
In the Tax-planning category, of the 31 schemes, 11 outperformed the category average of 57.03%. Taurus Libra Tax shield Scheme, with 117.70% return, clinched the top position.
In the Pharma segment, of the five schemes, only one exceeded the category average of 16.61%. Reliance Pharma Fund (G) posted 50.88% return; followed by JM Healthcare Sector fund - (G) with 10.48% return. Except Reliance Pharma Fund (G), all other schemes underperformed the Sensex return of 45.17%.
Among the index funds, 12 of the 22 schemes exceeded the category average of 47.06%. ICICI Pru Index Fund-Nifty Plan topped the category with 55.13% return, followed by Birla Index Fund (G) with 53.91% returns.
In the IT category, three of the seven schemes outperformed the category average of 6.72%, while all seven schemes outperformed the CNX IT return, which has posted negative returns of 17.70%. DSP ML Technology.com (G) was the topper, with 53.84% return, followed by Birla Sun Life New Millennium Fund (G), with 17.91% return. All seven schemes exceeded the BSE Infotech index, which gave negative returns of 19.94% return.
Among the Fixed Maturity Plan, 20 of the 51 schemes exceeded the category average of 8.70%. Principal PNB Fixed Maturity Plan 3 Years - Series 1 (G) topped the category with 16.75% return, followed by Grindlays Fixed Maturity Plus Plan III - A (G) with 10.84% return.
In the Floating Rate Income Fund, 39 of the 55 schemes outperformed the category average of 7.45%, while 42 exceeded the Crisil Composite Bond Fund Index return of 7.15%. HSBC Floating Rate Long Term - Institutional (G) was the topper with 9.09% return, followed by Kotak Floater Long Term (G), with 8.91% return.
Among the Gilt Fund, 37 of the 66 schemes exceeded the category average of 6.20%. Magnum Gilt Fund - Short Term (G) topped the category with 10.51% return.
In the Monthly Income Plan, 20 of the 46 schemes outperformed the category average of 14.44%, while 21 exceeded the C Mipex (MIP Blended Index) return of 13.54%. Reliance Regular Savings Fund - Balanced (G) topped the category with 51.27% return, followed by Principal Monthly Income Plus - (G) with 27.02% return.
In the Short Term Income Plan, 25 of the 31 schemes outperformed the category average of 6.59%, while 19 exceeded the Crisil Short-Term Bond Fund Index return of 8.14%. Templeton India Short Term Income - Institutional (G) topped the category with 10.26% return, followed by Templeton India Short Term Income (G) with 10.15% return.
| Scheme Name | Inception Date | Corpus* | Base NAV** | 1-Year
Returns (%) |
| Reliance Diversified Power Sector (G) | 10-May-2004 | 4937.47 | 86.28 | 135.53 |
| JM Basic Fund (G) | 02-Jun-1997 | 1025.80 | 40.18 | 112.27 |
| Taurus Libra Tax shield | 12-Apr-1996 | 11.50 | 36.56 | 111.70 |
| Stan Chart Premier Equity Fund (G) | 28-Sep-2005 | 818.30 | 28.19 | 108.95 |
| Taurus Discovery Stock | 03-Jan-1996 | 53.26 | 32.21 | 104.64 |
| JM Financial Services Sector Fund (G) | 14-Dec-2006 | 24.92 | 20.17 | 103.48 |
| DWS Investment Opportunity Fund (G) | 10-Feb-2004 | 29.95 | 46.62 | 95.47 |
| Reliance Regular Savings Fund - Equity (G) | 12-Jun-2005 | 290.06 | 31.06 | 94.60 |
| Canara Robeco Infrastructure (G) | 02-Dec-2005 | 175.94 | 27.51 | 92.78 |
| ICICI Pru Infrastructure Fund - (G) | 12-Sep-2005 | 4009.22 | 36.09 | 92.58 |
*As on 31 December 2007
**As on 3 January 2008
Source: www.navindia.com |
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