Low risk, high returns

FUND PICK/ HDFC Taxsaver

Returns in % as on December 08, 2005

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Equity funds turned in a good performance with all category returns in positive territory. Pharma funds led the way with a return of 10.74 per cent for the past month, followed by technology funds (10.31 per cent).

Banking funds were the least impressive with their monthly returns amounting to 4.21 per cent. On a yearly basis too, equity funds performances were impressive. 

EQUITY FUNDS Average category returns (%)
	1 month	1 year
FMCG	6.60	64.58
Tax planning	8.11	58.06
Diversified	8.32	52.00
Auto	9.43	50.41
Banking	4.21	40.30
Technology	10.31	50.34
Index	7.44	37.92
Pharma	10.74	30.26
Petroleum	8.12	20.68
LEADERS Diversified funds
	1 month	1 year
SBI Mag Tax Gain	12.19	119.61
SBI Mag Emerging Business	8.45	95.08
SBI Mag Global Fund	9.85	88.39
SBI Mag Contra	9.33	84.68
SBI Mag Multiplier Plus	13.20	81.53
Pru ICICI Emerging STAR	10.45	79.98
Reliance Growth	8.70	75.14
Taurus Starshare	11.3	74.26
Franklin India Prima	9.51	72.45
Cangrowth Plus	6.86	70.09
Prudential ICICI Discovery	7.55	67.23
LAGGARDS Diversified funds
	1 month	1 year
Principal Global Opp.	2.64	17.97
LIC Equity Fund	5.20	27.55
UTI Master Growth	7.52	34.36
Birla Dividend Yield Plus	8.44	34.81
LIC MF Growth Fund	6.41	35.12
ING Vysya Equity Fund	6.92	35.48
UTI Mastershare	7.56	36.80
Deutsche Alpha Equity	6.98	37.28
PRINCIPAL Dividend Yield	8.98	37.67
Principal Resurgent Ind. Eq	8.72	38.00
Source: www.mutualfundsindia.com

FMCG funds continued to rule the roost with an annual return of 64.58 per cent, followed by tax planning funds at 58.06 per cent and diversified funds at 52 per cent. Petroleum funds came in last with 20.68 per cent.

Equity diversified average returns in the past 12-month period amounted to 52 per cent. Nearly 80 per cent of equity diversified funds outperformed the Sensex (42.24 per cent) during the past year.