labels: crisil, investment - general, mutual funds
Equity MFs remain consistent performers, debt schemes maintain stability: CRISIL~RRRnews
08 July 2005

CRISIL FundServices, in its monthly Risk Adjusted Return Ranking (CRISIL~RRR) of the performance of mutual fund schemes, has covered 10 types of mutual fund investment options and has ranked 194 schemes for the one-year ended June 2005. The ranking covers 66 per cent of the 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 BSE Sensex scaled the 7000-peak during the month, propelling total investor wealth in the equity markets to an all-time high. A bullish undertone, further augmented by the advent of the monsoon and a marginal dip in global oil prices, led to large inflows from foreign institutional investors which kept the equity market buoyant during the month. With fears of a domestic interest rate hike in the short term being put to rest by the RBI, investor sentiment in the debt market was upbeat. The debt market ended the month in positive territory as the benchmark yield fell from 6.98 per cent in May 2005 to 6.89 per cent in June 2005.

The equity funds category benchmark, the CRISIL Fund~eX, generated a return of 50.15 per cent for the year-ended June 2005.

  • Sundaram Select Midcap topped the charts at CRISIL~RRR 1 in the category
  • SBI Magnum Global Fund followed at at CRISIL~RRR 2
  • HDFC Capital Builder Fund was CRISIL~RRR 3

With the mid-cap segment maintaining consistency, large-cap-oriented schemes have also shown signs of an improvement in performance during the last month.

In the software sector:

  • Birla India Opportunities Fund - Plan B maintained consistency at CRISIL~RRR 1
  • Prudential ICICI Technology Fund was at CRISIL~RRR 2
  • DSP Merrill Lynch Technology Fund was at CRISIL~RRR 3.

The income funds benchmark, the CRISIL Fund~dX, generated returns of 3.73 per cent for the year-ended June 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,
  • Reliance Income Fund at CRISIL~RRR 3.

In the debt - short term category

  • Kotak Bond Short Term Plan was at CRISIL~RRR 1
  • UTI Liquid Short Term Plan at CRISIL~RRR 2
  • Kotak Principal Income Fund (Short Term Plan) CRISIL~RRR

The CRISIL STBEX, the benchmark for short-term income funds, generated returns of 4.19 per cent for the year-ended June 2005.

The balanced fund category benchmark, the CRISIL Fund~bX, generated returns of 40.33 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.

The liquid fund category benchmark, the CRISIL~LX, generated returns of 4.88 per cent for the year-ended June 2005. The top performers in this category were

  • Sundaram Money Fund at CRISIL~RRR 1,
  • BOB Liquid Fund at CRISIL~RRR 2,
  • Sahara Liquid Fund at CRISIL~RRR 3.

In the floating rate fund category,

  • HDFC JM Floater Fund (Short Term Plan) was at CRISIL~RRR 1
  • HDFC Floating Rate Income Fund - (Short Term Plan) was at CRISIL~RRR 2
  • Grindlays Floating Rate Fund was at CRISIL~RRR 3.

In the gilt-long category,

  • Reliance Gilt Securities Fund (Long Term Plan) was at CRISIL~RRR 1
  • CanGilt (PGS) at CRISIL~RRR 2
  • Principal G-Sec Fund (PF Plan) CRISIL~RRR 3

After a mediocre performance in recent months, the gilt category finally closed in positive territory in June 2005.

CRISIL Risk-Adjusted Return Ranking for the period ended June 30, 2005.

General Equity Funds

CRISIL RRR for June 05

CRISIL RRR for May 05

Sundaram Select Midcap - Growth

1

2

SBI Magnum Global Fund

2

3

HDFC Capital Builder Fund - Growth

3

1

Balanced

SBI Magnum Balanced Fund - Dividend

1

1

HDFC Prudence Fund - Growth

2

3

Tata Balanced Fund - Growth

3

2

Sector Funds

Birla India Opportunities Fund - Plan B - Growth

1

1

Prudential ICICI Technology Fund - Growth

2

2

DSP Merrill Lynch Technology Fund - Growth

3

N.A.

Income Funds

UTI Bond Fund - Growth

1

1

Tata Income Fund - Appreciation

2

3

Reliance Income Fund - Growth

3

2

Debt-Short Term

Kotak Bond Short Term Plan - Growth

1

3

UTI Liquid Short Term Plan - Growth

2

1

Principal Income Fund - Short Term Plan - Growth

3

2

Monthly Income Plan (MIP)

Principal MIP - Growth Accumulation Plan

1

1

DSP Merrill Lynch Savings Plus Fund - Moderate - Growth

2

2

Templeton Monthly Income Plan - Growth

3

10

Gilt-Long

Reliance Gilt Securities Fund - Long Term Plan - Growth

1

1

CanGilt (PGS) - Growth

2

4

Principal G-Sec Fund - PF Plan - Growth

3

3

Index

UTI Nifty Index Fund

1

1

UTI Master Index Fund

2

2

Franklin India Index Fund - NSE Nifty Plan - Dividend

3

3

Floating Rate Funds

JM Floater Fund - Short Term Plan - Growth

1

2

HDFC Floating Rate Income Fund - Short Term Plan - Growth

2

1

Grindlays Floating Rate Fund - Growth

3

3

 

 

 

 

 

 

 

 

 




 

One Year

Six months

Three months

Liquid Funds

June 05

May 05

June 05

May 05

June 05

May 05

Sundaram Money Fund - Growth

1

1

1

3

1

1

BOB Liquid Fund - Growth

2

3

2

5

9

4

Sahara Liquid Fund - Growth

3

4

11

7

21

10

 

 

 

 

 

 

 


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Equity MFs remain consistent performers, debt schemes maintain stability: CRISIL~RRR