133 Equity Mutual Funds Outperformed Category Average

Equity mutual funds as a class reported an average return of 46.77%, under performing the Sensex return of 52.13%, over the one-year period ended 2 November 2007. Of the 238 equity schemes, 133 surpassed the category average of 46.77% in the one-year period, while 95 outperformed the Sensex that is posted 52.13%. The topper was Reliance Diversified Power Sector (G) with 128.94% return. In the equity category, the diversified categories, midcap and tax planning outperformed, giving a category average of 48.45%, 43.56 % and 47.15%, respectively. In the equity diversified category, out of the 126 schemes, 68 exceeded the category average of 48.45%, while 54 outperformed the Sensex return of 52.13%, over the one-yea period ended 2 November 2007.

In the mid-cap segment, Magnum Midcap Fund (G) the topper, with 62.90% return, exceeding the category average of 43.56%, followed by Reliance Growth Fund - (G) with 61.82% return. Out of 24, 6 schemes outperformed the CNX Midcap index return of 52.22% return. Pru ICICI FMCG Fund (G) was the topper in the FMCG category, with 24.40% return, outperforming the category average of 14.75% and out performing the BSE FMCG index with 1.04% returns. In the Tax-planning category, of the 30 schemes, 15 outperformed the category average of 47.15%. Birla Sun Life Tax Relief '96 Scheme, with 66.10% return, clinched the top position.