142 Equity Schemes Outperforms The Sensex

Equity mutual funds as a class posted an average return of 47.80%, out performing the Sensex return of 43.39%, over the one-year period ended 16 July 2007. Of the 242 equity schemes, 105 exceeded the category average of 47.80% in the one-year period, while 142 outperformed the Sensex that posted 43.39%. The topper was Bank Be ES with 96.14% return.
In the equity category, the Midcap and diversified categories outperformed, giving a category average of 52.88% and 48.16%, respectively.

In the equity diversified category, out of the 135 schemes, 61 exceeded the category average of 48.16%, while 83 outperformed the Sensex. JM Basic Fund Fund clinched the first position, with 89.49% return, followed by Stan Chart Premier Equity Fund (G), with 85.04% return.

In the mid-cap segment, Junior Be ES remained the topper, with 75.21% return, exceeding the category average of 52.88%, followed by Birla Mid Cap Fund (G) with 68.62% return. 7 schemes out of 25 outperformed the CNX Midcap index, with 61.48% return.

Pru ICICI FMCG Fund (G) was the topper in the FMCG category, with 30.30% return, outperforming the category average of 12.72% and out performing the BSE FMCG index of 6.06% returns that posted negative returns.

In the tax-planning category, of the 29 schemes, 12 outperformed the category average of 46.65% Principal Personal Tax Saver Fund (G) Scheme, with 78.22% return, clinched the top position.

In the pharma segment, of the five schemes, one exceeded the category average of 38.02%. Reliance Pharma Fund (G) was the only scheme posted 74.79% return. It also, exceeded Sensex return of 43.39%.

Among the index funds, 11 of the 26 schemes exceeded the category average of 43.22%. Bank BeES topped the category with 96.14% return, followed by Nifty Be ES with 46.41% returns.

In the IT category, four of the seven schemes outperformed the category average of 52.34%, while six exceeded the CNX IT return of 24.82%. DSP ML Technology.com (G) was the topper, with 89.75% return, followed by ICICI Pru Technology Fund(G), with 69.55% return. Six schemes exceeded the BSE Infotech index, which gave 23.22% return.

Among the Fixed Maturity Plan, 6 of the 29 schemes exceeded the category average of 9.33%. FT FTF-Series1-60 Mth (G) topped the category with 18.56% return, followed by FT FTF – Series II – 60 Mth (G) with 18.42% return.