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Diversified growth funds beat the index - Views on News from Equitymaster
 
 
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  • Feb 2, 2001

    Diversified growth funds beat the index

    This month saw diversified growth funds appreciating considerably with improved performance of equity markets (BSE Sensex up 8.6% over 1 month).

    Open-ended, Growth†Schemes NAV(Rs) Last week Last month Last year Inception
    BSE-30 - 0.0% 8.6% -20.5% -
    S&P CNX Nifty - 0.4% 8.6% -13.0% -
    S&P CNX 500 - -0.4% 7.5% -36.1% -
    K P Prima Fund (Gr) 22.6 7.9% 13.9% -37.1% 12.1%
    Canexpo 17.7 1.5% 12.8% -26.7% 10.7%
    ING Growth (Gr) 14.6 -2.4% 11.4% -40.6% 25.9%
    GIC Growth Plus II 14.7 0.5% 11.3% -28.5% 7.2%
    IL&FS Gr & Val (Gr) 13.2 -0.4% 10.7% -36.3% 7.5%
    DSP ML Opportunities (Gr) 9.4 -1.4% 9.9% 0.0% 5.5%
    IDBI-PRIN Equity Fund(Gr) 10.9 -1.7% 9.4% -25.8% 2.6%
    Pru ICICI Growth (Gr) 22.3 -0.8% 9.4% -32.9% 35.4%
    K P Bluechip (Gr) 24.3 0.8% 8.8% -7.4% 28.9%

    (Returns over 12 months are annualised)

    It is evident from the above table how fortunes of growth funds have changed over the last month, after witnessing some harrowing times in 2000. Over a month, growth fund NAVís in our sample have risen significantly Ė averaging close to 11% growth.

    Companies across all sectors have declared satisfactory quarterly results, which has been a major booster for the markets. Privatisation of public sector companies like VSNL, MTNL HPCL has also been a positive factor. Above all sentiment before the Union Budget seems encouraging, notwithstanding the earthquake.

     

     

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