Petro schemes lead comeback of equity funds

EQUITY FUNDS

DEBT FUNDS

1 week

1 year

1 week

1 year

Petroleum

5.11

26.54

MIPs

0.79

11.54

Banking

4.79

83.26

Short term

0.10

5.63

Index

4.66

52.43

Floating rate

0.10

5.56

Diversified

4.43

64.40

Liquid funds

0.10

5.29

Tax Planning

3.89

73.49

Gilt - short term

0.05

4.15

Pharma

3.69

32.65

Income funds

0.05

3.87

Technology

3.64

49.28

Medium term

0.03

5.19

Auto

2.53

60.77

Gilt - long term

-0.06

3.69

FMCG

1.80

86.96

Source: www.mutualfundsindia.com

 Petroleum sector funds, which have been consistently underperforming their equity peers surged to the top last week after a rally in oil & gas sector stocks. The two petroleum sector funds, JM Basic fund and UTI Growth Sector fund - Petro returned 5.47 per cent and 4.75 per cent respectively.  The benchmark BSE Oil & Gas index returns were 5.66 per cent. Reliance Industries, the top holding of JM Basic Fund with 9.48 per cent, appreciated 6.08 per cent during the week to close at Rs 793.52. Reliance is also the second largest holding in UTI Petro fund