labels: crisil, investment - general, mutual funds
Equity schemes buoyancy continues, debt schemes steady: CRISIL~RRR news
09 January 2006
CRISIL FundServices, in its monthly Risk Adjusted Return Ranking (CRISIL~RRR) of the performance of mutual fund schemes, has covered ten mutual fund investment options and has ranked 222 schemes for the one-year period ended December 2005. The ranking covers 63 per cent of mutual funds industry assets under management (AuM). The CRISIL~RRR measures performance of the schemes not only on the returns given by the schemes over the period of analysis but also the risk they took to get those returns.

The stock market exuberance continued in December 2005 with the S&P CNX Nifty scaling an all time high of 2842 points during the month. The markets were, however, range bound in the second half of the month owing to the year-end holiday mood. FII investment aggregated over $1.5 billion during the month and over $10 billion during the calendar year to become the key force behind the market climb.

The benchmark S&P CNX Nifty delivered returns of 6.95 per cent during December 2005 while the CNX Midcap Index delivered 5.17 per cent. The money market remained tight and call money rates crossed 7 per cent as a result of SBI's "India Millennium Deposits" (IMDs) maturing during the month. The IMDs sucked out $7.3 billion (Rs32,850 crore) in foreign exchange from the system. The month also saw the firming up of US interest with the Federal Reserve increasing the Fed Funds Rate by 25 basis points to 4.25 per cent deteriorating the already weak sentiments.

The equity funds category benchmark, the CRISIL Fund~eX, generated a return of 43.47 per cent for the year-ended December 2005.

  • SBI Magnum Global Fund topped the ranking at CRISIL~RRR 1
  • Sundaram Select Midcap - Growth moved a notch up to second spot at CRISIL~RRR 2
  • Birla Midcap Fund - Growth moved up four notches to be at CRISIL~RRR

In the software sector category:

  • Birla India Opportunities Fund Plan B (Growth) moved up a notch to CRISIL~RRR 1
  • SBI Magnum Sector Umbrella (Infotech Fund) also moved up a notch at CRISIL~RRR 2
  • DSP Merrill Lynch Technology Fund - Growth was at CRISIL~RRR 3.

The income funds benchmark, the CRISIL Fund~dX, generated returns of 4.89 per cent for the year-ended December 2005.

  • LICMF Bond Fund (Growth) continued to be at CRISIL~RRR 1
  • UTI Bond Fund continued at second spot at CRISIL~RRR 2
  • Templeton India Income Fund (Growth) moved up a notch to bag the CRISIL~RRR 3

In the debt- short term category:

  • Reliance Short Term Fund (Growth) at CRISIL~RRR 1,
  • Kotak Bond Short Term Plan (Growth) CRISIL~RRR 2
  • Principal Income Fund - Short Term Plan - Growth) CRISIL~RRR 3

The CRISIL STBEX, the benchmark for short-term income funds, generated returns of 4.53 per cent for the year-ended December 2005.

The balanced fund category benchmark, the CRISIL Fund~bX, generated returns of 35.99 per cent for the year-ended December 2005.

  • HDFC Prudence Fund (Growth) CRISIL~RRR 1 and
  • SBI Magnum Balanced Fund CRISIL~RRR 2 continued to occupy the first and second place, viz., and
  • Prudential ICICI Balance Fund - Growth moved up one notch to the third position at CRISIL~RRR 3.

The liquid fund category benchmark, the CRISIL~LX, generated returns of 5.15 per cent for the year-ended December 2005.

  • HDFC Cash Management Fund (Savings Plan - Growth) maintained category leadership at CRISIL~RRR 1;
  • UTI Liquid Cash Plan - Growth moved up by three notches to second position at CRISIL~RRR 2
  • Sundaram Money Fund - Growth was at third position at CRISIL~RRR 3.

In the floating rate fund category:
HDFC Floating Rate Income Fund (Short Term Plan - Growth) continued at the top spot at CRISIL~RRR 1 JM Floater Fund (Short Term Plan - Growth) too maintained its position at CRISIL~RRR 2
Reliance Floating Rate Fund (Growth) continued to be at CRISIL~RRR 3.

In the gilt-long category too:

  • Sahara Gilt Fund (Growth)
  • Principal G-Sec Fund (PF Plan - Growth)
  • SBI Magnum Gilt Fund (Long Term - Growth) continued to maintain their positions at CRISIL~RRR 1, CRISIL~RRR 2 and CRISIL~RRR 3 respectively.

CRISIL Risk-Adjusted Return Ranking for the period ended December 31, 2005

General Equity Funds

CRISIL RRR for Dec 05

CRISIL RRR for Nov 05

SBI Magnum Global Fund - Dividend

1

1

Sundaram Select Midcap - Growth

2

3

Birla Midcap Fund - Growth

3

7

Balanced

 

 

HDFC Prudence Fund - Growth

1

1

SBI Magnum Balanced Fund - Dividend

2

2

Prudential ICICI Balance Fund - Growth

3

4

Sector Funds

 

 

Birla India Opportunities Fund - Plan B - Growth

1

2

SBI Magnum Sector Umbrella - Infotech Fund

2

3

DSP Merrill Lynch Technology Fund - Growth

3

N.A

Income Funds

  

  

LICMF Bond Fund - Growth

1

1

UTI Bond Fund - Growth

2

2

Templeton India Income Fund - Growth

3

4

Debt-Short Term

 

 

Reliance Short Term Fund - Growth

1

1

Kotak Bond Short Term Plan - Growth

2

2

Principal Income Fund - Short Term Plan - Growth

3

3

Monthly Income Plan (MIP)

 

 

Tata Monthly Income Fund - Appreciation

1

4

UTI Monthly Income Scheme - Growth

2

1

SBI Magnum Monthly Income Plan - Growth

3

2


Gilt-Long

 

 

Sahara Gilt Fund - Growth

1

1

Principal G-Sec Fund - PF Plan - Growth

2

2

SBI Magnum Gilt Fund - Long Term - Growth

3

3

Index

UTI Nifty Index Fund Growth

1

1

UTI Master Index Fund Growth

2

2

Franklin India Index Fund - NSE Nifty Plan - Growth

3

3

Floating Rate Funds

 

 

HDFC Floating Rate Income Fund - Short Term Plan - Growth

1

1

JM Floater Fund - Short Term Plan - Growth

2

2

Reliance Floating Rate Fund - Growth

3

3

 

 

 


 

 

 

 

 

 

 

One Year

Six months

Three months

Liquid Funds

Dec 05

Nov 05

Dec 05

Nov 05

Dec 05

Nov 05

HDFC Cash Management Fund - Savings Plan - Growth

1

1

3

2

6

2

UTI Liquid Cash Plan - Growth

2

5

2

1

2

3

Sundaram Money Fund - Growth

3

2

4

3

7

4

 

 

 

 

 

 


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Equity schemes buoyancy continues, debt schemes steady: CRISIL~RRR