The Top 10 MF performers

Equity schemes of mutual funds may have been hit by fall in stock prices since the last general elections, but the long-term investors are still making money on their investments these mutual funds schemes.

On a one-year basis, the diversified equity funds of MFs are posting returns ranging from 50 per cent to 95 per cent. The top performers include Sun F&C Value Fund, which gave a 98 per cent return for the past one year, followed by Principal Value Fund with a return of 97 per cent and HSBC Equity (74 per cent), SBI Magnum Global (71 per cent) and Reliance Growth (65 per cent).

For a 3-year period, Franklin India Prima Fund is the best performer by showing a return of 66 per cent followed by Reliance Vision (64 per cent) Reliance Growth (54 per cent) Principal Resurgent India (47 per cent) and Birla India Opportunity (44 per cent).

Among the sector funds, infotech funds are the top performers with Franklin Infotech Fund and DSP ML Tech offering returns of 68 per cent each followed by SBI Infotech
(62 per cent).

Among the pharma sector fund, SBI Pharma offered the highest returns of 60 per cent for a one year period, in FMCG sector most of the funds are giving a return of only 10 per cent. FMCG sector funds are hit by the sharp fall in the prices of Hindustan Lever, which has touched its 17-year low of Rs 105 this week.

However, most equity funds were giving negative returns of over 10 per cent for a period of 6 months after the 800-point crash in the Sensex since election results were announced in May.

On the fixed income schemes, the long-term income funds are badly affected by the massive fall in the bond market as the yields started moving up on the back of rising global interest rate and higher inflation in the country. Because of this, most of the investors have pulled out from these schemes and moved into short maturity funds like liquid funds and floating rate funds. Balance schemes and monthly income schemes, which invest in both equity and debt funds were able to post better returns for a one-year period.