| The current correction in the equity markets notwithstanding, mutual fund investors who had reposed their faith in the equity segment, have been handsomely rewarded. |
| The one year point-to-point return by the equity schemes as measured by the Crisil's benchmark Fund~eX was 95.90 per cent up to December 2003, according to a special report prepared by Crisil for Business Standard. |
| After a strong performance, the returns of the long-term debt schemes seem to have settled in the range of 6-8 per cent for the year. |
| Crisil's Composite Performance Rankings (CPR) for the quarter ended December 2003 cover 134 schemes, from 22 fund houses covering seven investment categories, including a new investment category-of monthly income plans. |
| The MIPs are hybrid schemes with a major portion of their investment in debt and a small exposure to equity. The relatively sharp returns from the equity market rally have added to the growing popularity of these schemes. |
| In the equity diversified category, 35 schemes were evaluated and the top four schemes Alliance Basic Industries Fund, DSP Merrill Lynch Opportunities Fund, IL&FS Growth Value Fund and Reliance Vision Fund were ranked at the top as CPR-1. The CPR~1 ranking indicates very good performance in relation to its peers. |
| In the income category, two new schemes have emerged at the top of the table. Kotak Bond Wholesale and Templeton India IBA - Plan A were ranked at CPR-1. |
| In the balanced category, HDFC Prudence continues to be at CPR-1 and is joined by DSP Merrill Lynch Balanced Fund. The FT India Gilt Fund - Investment Plan entered the ranking universe at the top of the table. |
| Among the debt short term schemes, the JM Short Term Fund is joined by the Prudential ICICI Short Term Plan at CPR-1 while in the Liquid category, Prudential ICICI Liquid Plan has retained its CPR-1 and is joined at the top by Templeton India Treasury Management Account. |
| For the new category on monthly income plans started in the current quarter, seven schemes were ranked and Alliance Monthly Income Scheme is at CPR-1. |
Top of the charts
Funds ranked CPR-1 for the quarter ended December 2003 |
MFs give handsome returns
Equity funds' one year point-to-point return was 95.90% up to Dec 03
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 03 2004 | 12:00 AM IST
