After a good performance in the quarter ended December 31, 2002, the quarter ended March 31, 2003, brought little cheer to mutual fund investors. To add to their woes, the debt market witnessed unprecedented volatility.
The fall in equities was led by infotech stocks and was further compounded by the disappointing performance of several index majors.
The debt market swayed between fear and euphoria as initial concerns over the war and liquidity were doused by rate cuts by the finance ministry and the Reserve Bank of India.
The Crisil composite performance ranking (CPR) for the quarter ended March 31, 2003, includes 113 schemes across six categories.
In the equity diversified category, Alliance Basic Industries Fund, Reliance Vision Fund and Zurich India Equity Fund have been ranked as Crisil CPR-1, which indicates
