A high performer

FUND PICK: Franklin India Prima

i-flex solutions80.274.66 Ipca Laboratories74.804.35 Goodlass Nerolac Paints64.533.75 SRF64.443.74 Gujarat Gas58.713.41 Eicher Motors57.913.36 Motor Industries53.803.13 Hindustan Construction51.132.97 Ashok Leyland47.262.75 EID-Parry (I)41.982.44 LIC Housing Fin41.712.42 Raymond40.442.35 Birla Corporation37.362.17 FAG Bearings India35.062.04 Indraprastha Gas33.911.97 Marico33.781.96 Torrent Pharmaceuticals32.971.92  The fund will be more volatile than large-cap ones. But if you have a desire to earn extraordinary returns with some risk, you should entrust a small portion of the portfolio to it.

- Value Research

 

Returns in % as on September 1, 2005

FMCG funds continued to top average equity category returns with 84.99 per cent for the past 12-month period. 

Equity funds Average equity category returns (%)
	1 month	1 year
FMCG	9.41	84.99
Tax planning	9.73	78.79
Banking	-0.93	78.61
Diversified	8.25	65.16
Auto	5.90	57.87
Technology	12.19	56.32
Index	3.05	50.32
Pharma	8.37	48.37
Petroelum	4.84	22.80

However, on a monthly basis, technology sector funds (12.19 per cent) came out on tops, followed by tax-planning and FMCG funds.
 

Leaders Liquid funds
	1 month	1 year
Taurus Discovery Stock	10.54	122.57
SBI Magnum Global Fund 94	15.70	117.83
SBI Magnum Sector	11.62	107.14
Taurus Starshare	17.05	100.23
Reliance Growth	11.30	98.56
SBI Magnum Multiplier Plus	11.59	97.17
Franklin India Prima Fund	13.39	88.42
Sundaram Select Midcap	9.39	85.16
Alliance Equity Fund	8.97	84.33
Taurus Bonanza Exclusive Growth	12.74	83.41

Banking sector funds were the worst over the past one month with category average returns at -0.93 per cent.

Top diversified funds returned more than 100 per cent over the past year, while even the funds at the bottom performed reasonably well with more than 40 per cent returns. 
 

Laggards Liquid funds
	1 month	1 year
LIC Equity Fund	6.74	41.90
Deutsche Alpha Equity	4.78	43.22
UTI Mastershare	4.58	46.64
Birla India Opportunities	10.47	46.85
Deutsche Investment Opp	8.74	48.62
UTI Masterplus Unit Scheme	6.06	48.64
UTI Index Select Fund	4.24	48.72
UTI Master Growth	5.73	49.81
LIC MF Growth Fund	6.62	50.44
Templeton India Growth	5.49	50.81
Source: www.mutualfundsindia.com

Sensex returns for the past year amounted to 51.15 per cent. Almost 85 per cent of diversified funds outperformed the index in the past year.