| NAV performance of new schemes |
| | NAV | % change in relation with |
| Schemes | 2-May | issue price | Sensex | Midcap |
| LIC MF Opportunities Fund | 9.05 | -9.54 | -2 | -5.67 |
| Can Emerging Equities | 9.15 | -8.5 | -4.48 | -8.95 |
| PRINCIPAL Focussed Advantage | 9.18 | -8.2 | -0.66 | -4.33 |
| Prudential ICICI Power | 9.26 | -7.4 | 0.78 | -1.75 |
| Reliance Index Fund - Nifty | 9.33 | -6.74 | -1.4 | -7.9 |
| Reliance Index Fund - Sensex | 9.33 | -6.72 | -1.37 | -7.87 |
| Franklin India Flexi Cap | 9.39 | -6.1 | 3.84 | -1.15 |
| ABN AMRO Opportunities Fund | 9.45 | -5.53 | -6.19 | -4.72 |
| Reliance Equity Opportunities | 9.69 | -3.13 | 1.46 | -2.04 |
| HDFC Premier Multi | 9.83 | -1.67 | -0.89 | -1.23 |
| Tata Service Industries | 10.02 | 0.19 | 4.58 | 4.28 |
| SBI Magnum Midcap | 10.06 | 0.6 | 1.45 | 2.16 |
| Sundaram SMILE Fund | 10.09 | 0.89 | 7.13 | 0.59 |
| Chola Multi Cap Fund | 10.14 | 1.4 | 7.44 | 2.24 |
| Kotak Midcap Fund | 10.26 | 2.57 | 5.43 | 1.78 |
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| The ten schemes that posted negative returns over their issue prices have underperformed the NSE mid cap index by 2-9 per cent. |
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| Of these, only three schemes have outperformed the BSE Sensex, while seven underperformed the Sensex between two and six per cent. All the five schemes that posted positive returns outperformed the Sensex and the mid cap index by around two to four per cent. |
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| LIC MF Opportunity Fund, which collected over Rs 100 crore in February 2005, has been the biggest loser. |
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| Its net asset value declined by 9.54 per cent over its offer price of Rs 10 per unit. The fund also underperformed to Sensex and NSE mid cap index. The second biggest loser is Can Emerging Equities. Its NAV declined 8.5 per cent. |
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| The third biggest loser were the Nifty and Sensex funds floated by Reliance Mutual Fund. The NAV of the Reliance index funds, which were floated in February, declined by around 6.75 per cent. |
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| Fourth was the Opportunity Fund launched by ABN AMRO. Its NAV declined 5.5 per cent. |
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| Kotak Midcap Fund, floated in January this year, is the biggest gainer. Its NAV is up 2.57 per cent. The scheme outperformed Sensex by almost six per cent and the Nifty mid cap index by around two per cent. |
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| The second biggest gainers fund is Multi Cap Fund floated by Chola Mutual Fund in January 2005. The scheme appreciated 1.4 per cent, with a seven per cent gains in relation to Sensex and over two per cent relative to Nifty mid cap index. |
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