A balanced fund

FUND PICK: Sundaram Balanced Fund

 

Returns in % as on Sept 15, 2005

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In the month ended September 15, 2005, technology funds emerged the best. They surged to the top as far as returns were concerned.
 

Equity funds Average equity category returns (%)
	1 month	1 year
FMCG	6.00	90.17
Banking	2.57	86.13
Tax planning	7.63	80.51
Diversified	7.20	67.75
Auto	9.20	67.71
Index	6.42	52.91
Technology	9.74	52.66
Pharma	3.87	43.84
Petroelum	6.91	26.07

They returned 9.74 per cent for the month, followed by auto sector funds (9.20 per cent) and tax-planning funds (7.63 per cent).
 

Leaders Sectoral funds
	1 month	1 year
Prudential ICICI FMCG	9.45	129.56
Alliance Buy India Fund	7.85	108.12
Reliance Diversified Power	7.30	91.57
Reliance Banking Fund	3.21	89.62
UTI Thematic Basic Industries	6.93	83.90
Franklin FMCG Fund	5.74	83.64
UTI Thematic Banking Sec	3.27	82.63
Canexpo  Plan	9.59	79.19
UTI Thematic Auto Sector	8.81	67.68
Alliance New Millennium	5.97	66.89

However, FMCG funds continued to rule the 12-month return table with 90.17 per cent. Banking (86.13 per cent) and tax-planning funds (80.51 per cent) were the next best performers.
 

Laggards Sectoral funds
	1 month	1 year
JM Basic Fund	6.16	21.19
UTI Growth Sector - Petro	6.79	30.95
Franklin Pharma Fund	0.82	33.18
JM Healthcare Sector Fund	2.07	36.50
UTI Growth Sec - Pharma	1.04	36.52
Kotak Tech Fund	10.06	37.21
UTI Growth Sector - Software	9.82	39.12
Franklin Infotech Fund	8.43	40.92
Reliance Pharma Fund	4.59	48.66
UTI Thematic PSU Fund	5.31	52.64

The best performing fund among all sectoral schemes was Prudential ICICI FMCG Fund with a 129.56 per cent return, followed by Alliance Buy India Fund - another FMCG Fund - with a 108.12 per cent.