An outperformer

FUND PICK: Templeton India TMA

Returns in % as on June 9, 2005

Equity funds continued to prosper at the cost of other mutual-fund categories. FMCG sectoral funds were the leaders as far as one-year returns were concerned at 66.96 per cent. Not far behind were diversified funds at 54.33 per cent returns. 
 

Fund categories Average category returns (%)
	1 month	1 year
Diversified	4.9	54.33
Asset allocation funds	3.54	47.13
Index	5.66	37.69
Balanced fund	3.18	34.69
Monthly income plans	1.23	8.61
Liquid funds	0.54	4.84
Income funds	0.86	1.68

Debt-oriented funds continued to lag behind with income fund returns amounting to 1.68 per cent for the past year. Hybrid funds like asset allocation funds and balanced funds put up a good show with 471.3 per cent and 34.69 per cent returns respectively. 
 

Leaders Balanced funds
	1 month	1 year
SBI Magnum Balanced	6.27	55.51
BoB Balance Fund	3.01	51.45
Tata Balanced Fund	3.93	49.7
HDFC Prudence Fund	3.99	47.79
Kotak Balance	2.55	47.73
Escorts Balanced Fund	3.89	42.16
Alliance 95	4.3	40.48
PRINCIPAL Balanced Fund	2.62	38.77
Prudential ICICI Balanced	2.8	37.78
ING Vysya Balanced Fund	4.07	37.36

The leading funds under the balanced category like SBI Magnum Balanced Fund and Tata Balanced Fund prospered on account of their higher exposure to equities. 
 

Laggards Balanced funds
	1 month	1 year
Can Balanced  Plan	0.92	13.51
Escorts Opportunities Fund	1.77	19.31
Unit Scheme 2002	2.63	23.45
LIC Balanced - Plan C	2.88	24.73
JM Balanced	1.92	26.43
Birla Balance Fund	2.84	27.7
FT India Balanced Fund	3.23	28.53
DSP ML Balanced Fund	2.7	29.94
Sundaram Balanced Fund	2.92	30.62
HDFC Balanced Fund	2.92	31.31