110 Equity mutual funds outperformed Sensex

11 Apr 2008 | 19:16

110 Equity mutual funds outperformed Sensex

Equity mutual funds as a class posted an average return of 17.19%, underperforming the Sensex return of 19.00%, over the one-year period ended 10 April 2008. Of the 259 equity schemes, 132 exceeded the category average of 17.19% in the one-year period, while 110 outperformed the Sensex that is posted returns of 19.00%. The topper was Reliance Diversified Power Sector (G) with 76.70% return.

In the equity category, the diversified category and tax planning underperformed the Sensex, giving a category average of 18.41%; and 18.84% respectively.

In the equity diversified category, out of the 144 schemes, 69 exceeded the category average of 18.41%, while 65 outperformed the Sensex return of 19.00%, over the one-year period ended 10 April 2008. Stan Chart Premier Equity Fund with growth option ranked the first position, with 51.08% return, followed by Reliance Regular Savings Fund - Equity (G) with 51.06% return. DWS Investment Opportunity Fund (G) secures the third position with 47.37% in 1-year period.

In the mid-cap segment, Birla Midcap Fund (G) the topper, with 29.88% return, exceeding the category average of 15.11%, followed by Sahara Midcap Fund (G) with 28.12% return. Out of 24 schemes, seven schemes have outperformed the BSE MidCap index, which has posted 18.63% returns in 1-year period.

ICICI Pru FMCG Fund (G) was the topper in the FMCG category, with 20.04% returns, outperforming the category average of 16.89% while under performing the BSE FMCG index with 29.63% returns.

In the Tax-planning category, of the 29 schemes, 14 outperformed the category average of 18.84%. Taurus Libra Tax shield Scheme, with 54.57% return, ranked the highest position.

In the Pharma segment, of the five schemes, 2 schemes exceeded the category average, which had posted negative returns of 0.27%. Reliance Pharma Fund (G) tops in the chart with returns of 13.29%. All five schemes underperformed the Sensex return of 19.00%.

Among the index funds, 11 of the 22 schemes exceeded the category average of 18.51%. Birla Index Fund (G) topped the category with 25.13% return, followed by ICICI Pru Index Fund-Nifty Plan with 25.07% returns.

In the IT category, three of the seven schemes outperformed negative category average of 18.27%, while five schemes outperformed the CNX IT return, which has posted negative returns of 25.10%. DSP ML Technology.com (G) was the topper, with positive returns of 1.60%, followed by Birla Sun Life New Millennium Fund (G), with negative returns of 9.78%. Four out of seven schemes exceeded the BSE Infotech index, which gave negative returns of 23.85% return.

Among the Fixed Maturity Plan, 100 of the 150 schemes exceeded the category average of 10.04%. SBI Debt Fund Series - 13 Months - 3 (G) topped the category with 11.33% return, followed by Reliance Fixed Horizon - III Annual-Series III Institutional (G) (G) with 11.25% return.

In the Floating Rate Income Fund, 19 of the 33 schemes outperformed the category average of 8.11%, while 26 exceeded the Crisil Composite Bond Fund Index return of 7.79%. Kotak Floater Long Term (G) was the topper with 9.29% return, followed by HSBC Floating Rate - LT - Institutional (G) with 9.22% return.

Among the Gilt Fund, 34 of the 65 schemes exceeded the category average of 6.70%. Birla Gilt Plus - Regular (G) topped the category with 10.74% return.

In the Monthly Income Plan, 17 of the 46 schemes outperformed the category average of 9.23%, while 14 exceeded the C Mipex (MIP Blended Index) return of 10.56%. DBS Chola Monthly Income Plan (G) topped the category with 27.45% return, followed by Reliance Regular Savings Fund - Balanced (G) with 20.97% return.

In the Short Term Income Plan, 33 of the 38 schemes outperformed the category average of 8.07%, while 29 exceeded the Crisil Short-Term Bond Fund Index return of 8.64%. HDFC High Interest Fund Short Term Plan (G) topped the category with 10.63% return, followed by Templeton India Short Term Income - Institutional (G) with 10.49% return.