137 Equity Mutual Funds Outperformed Sensex

Equity mutual funds as a class posted an average return of 25.79%, out performing the Sensex return of 23.33%, over the one-year period ended 17 August 2007. Of the 242 equity schemes, 107 exceeded the category average of 25.79% in the one-year period, while 137 outperformed the Sensex that posted 23.33%. The topper was Reliance Diversified Power Sector (G) with 70.35% return.

In the equity category, the Midcap, diversified categories and tax planning outperformed, giving a category average of 28.59%, 26.67 % and 26.20%, respectively.

In the equity diversified category, out of the 134 schemes, 59 exceeded the category average of 26.67%, while 85 outperformed the Sensex return of 23.33%, over the one-year period ended 17 August 2007. JM Basic Fund clinched the first position, with 64.65% return, followed by Stan Chart Premier Equity Fund (G), with 56.82% return.

In the mid-cap segment, Birla Midcap Fund (G) the topper, with 43.93% return, exceeding the category average of 28.59%, followed by Magnum Midcap Fund (G) with 41.79% return. Out of 25 outperformed 11 schemes the CNX Midcap index, with 32.15% return.

Pru ICICI FMCG Fund (G) was the topper in the FMCG category, with 19.47% return, outperforming the category average of 4.60% and out performing the BSE FMCG index with -8.70% returns.

In the tax-planning category, of the 30 schemes, 12 outperformed the category average of 26.20% Principal Personal Tax Saver Fund (G) Scheme, with 58.07% return, clinched the top position.

In the pharma segment, of the five schemes, one exceeded the category average of 6.28%. Reliance Pharma Fund (G) was the only scheme posted 29.46% return. It also, exceeded Sensex return of 23.33%.

Among the index funds, 13 of the 26 schemes exceeded the category average of 21.65%. Bank BeES topped the category with 43.83% return, followed by HDFC Index Fund- Sensex Plus Plan with 25.26% returns.