On the growth path

FUND PICK: SBI Magnum Taxgain

 

Returns in % as on November 24, 2005 Equity fund performances were impressive over the past month, with all categories ending up in the positive territory.
 

EQUITY FUNDS Average category returns (%)
	1 month	1 year
FMCG	5.68	65.54
Tax planning	7.33	55.30
Banking	5.05	52.54
Diversified	7.82	50.35
Auto	6.54	49.34
Technology	8.27	42.38
Index	9.13	40.52
Pharma	7.34	25.16
Petroleum	8.18	20.43

Index-based funds proved to be the best performers during the past month with an average return of 9.13 per cent. Technology (8.27 per cent) and petroleum funds (8.18 per cent) were the next best performers.

LEADERS Sectoral funds
	1 month	1 year
Prudential ICICI FMCG	7.65	98.39
Reliance Diversified Power	9.05	77.68
Birla SunLife Buy India	4.70	73.48
Franklin FMCG Fund	5.67	64.87
UTI Thematic Basic Ind.	6.75	63.29
Reliance Banking Fund	4.87	58.85
Birla SunLife New Millennium	5.79	54.16
SBI Magnum - Infotech	10.79	53.67
DSP ML Technology.com	8.91	49.28
UTI Growth - Brand Value	7.35	47.64

FMCG funds continued to be tops on an annual basis, with a return of 65.54 per cent, followed by tax planning (55.30 per cent) and banking sector funds (52.24 per cent).
 

LAGGARDS Sectoral funds
	1 month	1 year
JM Basic Fund	7.97	14.21
UTI Growth - Pharma	6.91	17.28
Franklin Pharma Fund	7.81	20.52
JM Healthcare	6.90	20.81
UTI Growth - Petro	8.38	26.65
Kotak Tech Fund	8.57	27.45
Reliance Pharma Fund	10.40	29.67
SBI Magnum - FMCG	3.96	30.15
UTI Thematic PSU Fund	6.02	33.24
Franklin Infotech	7.94	33.30
UTI Growth - Software	8.15	34.99
Source: www.mutualfundsindia.com

Petroleum funds continued to be at the bottom of the table with 20.43 per cent.

Among sectoral funds, Prudential ICICI FMCG fund topped the returns for the past 12-month period with 98.39 per cent, while JM Basic was the least impressive with a 14.21 per cent return on an annual basis.