111 Equity Mutual Funds Outperformed Sensex

Equity mutual funds as a class posted an average return of 31.30%, out performing the Sensex return of 30.81%, over the one-year period ended 7 September 2007. Of the 223 equity schemes, 104 exceeded the category average of 31.30% in the one-year period, while 111 outperformed the Sensex that is posted 39.91%. The topper was Reliance Diversified Power Sector (G) with 79.28% return.

In the equity category, the diversified categories, Midcap and tax planning outperformed, giving a category average of 31.16%, 32.63 % and 33.26%, respectively.

In the equity diversified category, out of the 116 schemes, 55 exceeded the category average of 31.16%, while 596 outperformed the Sensex return of 30.81%, over the one-yea period ended 7 September 2007. JM Basic Fund clinched the first position, with 75.65% return, followed by Stan Chart Premier Equity Fund (G), with 58.82% return.

In the mid-cap segment, Birla Midcap Fund (G) the topper, with 47.04% return, exceeding the category average of 37.83%, followed by Magnum Midcap Fund (G) with 45.48% return. Out of 23, 8 schemes outperformed the CNX Midcap index return of 37.83% return.

Pru ICICI FMCG Fund (G) was the topper in the FMCG category, with 20.04% return, outperforming the category average of 8.54% and out performing the BSE FMCG index with 0.53% returns.