Equity mutual funds as a class posted an average return of 31.71%, outperforming the Sensex return of 30.28%, over the one-year period ended 5 March 2008. Of the 257 equity schemes, 122 exceeded the category average of 31.71% in the one-year period, while 133 outperformed the Sensex that is posted 30.28%. The topper was Reliance Diversified Power Sector (G) with 98.97% return.
In the equity category, the diversified categories and tax planning, and Mid cap outperformed the Sensex, giving a category average of 33.35%, 33.77and 30.32% respectively while FMCG under performed the Sensex by recording 23.93% category average during the same time period.
In the equity diversified category, out of the 140 schemes, 65 exceeded the category average of 33.35%, while 78 outperformed the Sensex return of 30.28%, over the one-year period ended 5 March 2008. Stan Chart Premier Equity Fund with growth option ranked the first position, with 71.13% return, followed by Reliance Regular Savings Fund - Equity (G) with 70.14% return. DWS Investment Opportunity Fund (G) secures the third position with 67.00% in 1-year period.
In the mid-cap segment, Birla Midcap Fund (G) the topper, with 45.53% return, exceeding the category average of 30.32%, followed by Sahara Midcap Fund (G) with 44.64% return. Out of 24 schemes, not a single scheme has outperformed the CNX Midcap index, which has posted 45.63% returns in 1-year period.
ICICI Pru FMCG Fund – (G) was the topper in the FMCG category, with 23.93% returns, outperforming the category average of 22.03% while under performing the BSE FMCG index with 31.33% returns.
In the Tax-planning category, of the 32 schemes, 17 outperformed the category average of 33.77%. Taurus Libra Tax shield Scheme, with 75.25% return, ranked the highest position.
In the Pharma segment, of the five schemes, 3 schemes exceeded the category average of 8.53%. Reliance Pharma Fund (G) tops in the chart with returns of 22.76%. All five schemes underperformed the Sensex return of 30.28%.
Among the index funds, 13 of the 22 schemes exceeded the category average of 29.56%. ICICI Pru Index Fund-Nifty Plan topped the category with 37.02% return, followed by Birla Index Fund (G) with 34.56% returns.
In the IT category, three of the seven schemes outperformed negative category average of 12.47%, while five schemes outperformed the CNX IT return, which has posted negative returns of 24.79%. DSP ML Technology.com (G) was the topper, with positive returns of 11.11%, followed by Birla Sun Life New Millennium Fund (G), with negative returns of 3.27%. Five out of seven schemes exceeded the BSE Infotech index, which gave negative returns of 24.37% return.
Among the Fixed Maturity Plan, 63 of the 93 schemes exceeded the category average of 9.79%. Principal PNB Fixed Maturity Plan 3 Years - Series 1 (G) topped the category with 13.78% return, followed by ICICI Pru Fixed Maturity Plan - Series 34 – 15 Month - Institutional (G) with 11.37% return.
In the Floating Rate Income Fund, 20 of the 33 schemes outperformed the category average of 8.11%, while 13 exceeded the Crisil Composite Bond Fund Index return of 8.51%. HSBC Floating Rate - Long Term - Institutional (G) was the topper with 9.32% return, followed by Kotak Floater Long Term (G) with 9.25% return.
Among the Gilt Fund, 36 of the 66 schemes exceeded the category average of 8.16%. Birla Gilt Plus - Regular (G) topped the category with 14.04% return.
In the Monthly Income Plan, 19 of the 46 schemes outperformed the category average of 11.45%, while 14 exceeded the C Mipex (MIP Blended Index) return of 12.85%. Reliance Regular Savings Fund - Balanced (G) topped the category with 30.23% return, followed by DBS Chola Monthly Income Plan (G) with 25.72% return.
In the Short Term Income Plan, 26 of the 31 schemes outperformed the category average of 7.16%, while 21 exceeded the Crisil Short-Term Bond Fund Index return of 8.69%. Templeton India Short Term Income - Institutional (G) topped the category with 11.04% return, followed by Templeton India Short Term Income (G) with 10.92% return.
