Consistent performance from equity schemes, debt schemes
improve performance: CRISIL
22 August 2005
The
BSE Sensex scaled a new peak during the month ending
above the 7600 mark, propelling total investor wealth
in the equity markets to an all-time high. The midcaps
outperformed the large caps with the CNX Midcap Index
ending the month at 3408.90 after closing at 3059.93
in June 2005 delivering returns of 11.40 per cent during
the month. The debt markets witnessed a surprise rally
towards the end of the month as RBI kept all the key
rates unchanged in its quarterly review of the indices.
The month also saw the much expected revaluation of
the Chinese currency Yuan. However, the surge in oil
prices towards the end of the month resulted in the
benchmark yield rising marginally from 6.88 per cent
in June 2005 to 6.97 per cent in July 2005.
The
equity funds category benchmark, the CRISIL Fund~eX,
generated a return of 53.68 per cent for the year-ended
July 2005.
-
SBI
Magnum Global Fund topped the charts at CRISIL~RRR
1 in the category.
-
Sundaram Select Midcap Fund was at CRISIL~RRR
-
Franklin
India Prima Fund was at CRISIL~RRR 3.
The
income funds benchmark, the CRISIL Fund~dX, generated
returns of 4.58 per cent for the year-ended July 2005.
The top three schemes in the Income Funds category were:
-
UTI
Bond Fund at CRISIL~RRR 1,
-
Tata
Income Fund - Appreciation at CRISIL~RRR 2,
-
Templeton
India Income Fund at CRISIL~RRR 3.
In
the debt- short term category:
-
Kotak
Bond Short Term Plan remained at CRISIL~RRR 1,
-
UTI
Liquid Short Term Plan at CRISIL~RRR 2
-
HSBC
Income Fund - Short Term Plan at CRISIL~RRR 3 respectively.
The CRISIL STBEX, the benchmark for short-term income
funds, generated returns of 4.53 per cent for the
year-ended July 2005.
The
balanced fund category benchmark, the CRISIL
Fund~bX, generated returns of 42.99 per cent for the
year-ended June 2005.
· SBI Magnum Balanced Fund remained at CRISIL~RRR
1,
· HDFC Prudence Fund at CRISIL~RRR 2
· Tata Balanced Fund at CRISIL~RRR 3.
