Equity NAVs pumped up as bulls hold fort

 The net asset values (NAVs) of various equity schemes have shown a marked increase in the last two years. Select schemes have seen a 20 per cent to 200 per cent rise in their NAVs.

 The reason is not far to seek : a meteoric rally in equities has spelt a boon for most of the schemes.

 The Franklin India Prima, for instance, has shown the maximum increase of 205.15 per cent from Rs 16.49 on September 10, 2001 to Rs 50.32 on September 9, 2003. In the same period Alliance Basic Ind has gone up 151.45 per cent from Rs 7.95 to Rs 19.99.

 Even some smaller schemes have shown good performance. This includes the ING Growth Portfolio scheme, whose net asset value had jumped nearly 29 per cent, between 2001and September 9.

 Most of the schemes had posted a depreciation in net asset value s in 2001, but with the change in the fortunes of the equity markets and the hectic portfolio churning by fund managers most of the schemes are now giving hefty returns.

 The boom phase has also been marked by good inflows into equity schemes in the last two months, compared to previous months.

 Birla India Op