Betting on equities

FUND PICK: Alliance MIP

 

Returns in % as on May 19, 2005

Equity fund performances have shown an improvement in the past week, with several categories moving into the positive territory. 
 

Equity funds Average category returns (%)
	1 month	1 year
FMCG	7.81	60.45
Tax Planning	7.27	56.17
Technology	8.52	46.69
Diversified	5.94	46.45
Auto	10.89	43.82
Banking	3.43	42.48
Index	4.43	28.42
Petroleum	3.62	24.9
Pharma	4.75	23.19
S&P Nifty	4.27	26.98
BSE Sensex	5.61	29.42

FMCG and tax-planning funds continued to lead the one-year return stakes, ahead of technology and diversified funds. Index funds were just ahead of pharma and petroleum funds.

Most index funds have performed better than their respective benchmarks over the past year. 
 

Index funds
	1 month	1 year
Junior BeES	4.54	38.04
LIC MF Index Fund - Sensex Advantage Plan	3.56	37.38
HDFC Index Fund - Sensex Plus Plan	6.62	35.38
Tata Index Fund - Sensex Plan - Option A	5.04	31.71
Franklin India Index Fund - NSE Nifty Plan	4.44	30.93
UTI Master Index Fund	5.67	30.66
SENSEX Prudential ICICI Exchange Traded Fund	5.69	30.15
HDFC Index Fund - Sensex Plan	5.57	29.38
Prudential ICICI Index Fund	4.81	28.99
UTI Index Advantage Fund - BSE Sensex Plan	5.58	28.94
Birla Index Fund	5.03	27.03
Source: www.mutualfundsindia.com

While the best performing Junior BeES from the stable of Benchmark Mutual Fund led the table with 38.04 per cent, LIC MF Index Fund- Sensex Advantage Plan and HDFC Index Fund-Sensex Plus Plan followed next. Only seven of the 22 funds with a one-year record underperformed their respective benchmark indices.