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Mutual Fund Rankings May 2001 - Views on News from Equitymaster
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  • May 16, 2001

    Mutual Fund Rankings May 2001

    So many funds so little time! Just like the equity investor, the mutual fund investor too has to make some hard choices. And again just like the equity investor, more often than not, the mutual fund investor is not competent enough to make that choice. We decided to simplify the selection process for our visitors, so that mutual fund investing becomes a fruitful exercise rather than a dreadful one.

    Open ended, Growth NAV(Rs) 12-months
    JM Basic 9.3 15.4%
    Grandmaster 1993 8.8 12.2%
    Boinanza Exclusive 6.8 2.7%
    Templeton Growth 11.8 -3.4%
    KP Bluechip 21.1 -4.6%
    GIC D'Mat 7.6 -7.3%
    Tata Pure Equity 10.4 -7.8%
    Mastergrowth 1993 13.8 -8.2%
    Mastershare 1991 17.4 -8.2%
    Mastergain 1992 9.5 -11.8%
    Open ended, Income NAV(Rs) 12-months
    PNB Debt 13.2 14.0%
    KP Children Asset 14.2 13.5%
    Kotak Mah Wholesale 12.1 12.0%
    LIC Bond 13.0 12.0%
    KP Income Builder 16.4 11.9%
    DSP ML Bond 16.3 11.5%
    Templeton Income 17.1 11.5%
    Zurich High Interest 16.3 11.2%
    Chola Triple Ace 16.6 11.2%
    Kotak Mah Deposit 12.0 11.1%

    We decided to rank mutual funds based on 12-month absolute returns. (NAVs as on May 14, 2001). We understand that investors do not have the time or the patience to sift through endless fund fact sheets, calculate returns on net asset value (NAV), meet up with fund managers and chief investment officers, understand the investment strategy, understand the potential of the companies in fund portfolios, meet the management of those companies, etc. It’s a very long process that requires a dedicated team of analysts to understand, analyse and finally give a view.

    Open Balanced NAV(Rs) 12-months
    Canpremium 12.5 27.4%
    JM Balanced 12.8 13.9%
    KP Pension 16.8 7.5%
    Dhanraksha 1989 10.3 3.1%
    Zurich India Prud. 17.5 -6.3%
    Cantriple 17.3 -6.4%
    Tata Young Citizen 9.9 -7.1%
    Prudential ICICI Bal 8.7 -8.8%
    KP Balanced 8.0 -9.5%
    Tata Balanced 12.8 -11.7%
    Open ended, Gilt NAV(Rs) 12-months
    Cangilt 1,464,083.5 18.9%
    JM G-Sec Pension 13.1 17.6%
    JM G-Sec Reg 12.9 16.7%
    DSP ML G-Sec 12.8 15.7%
    Templeton G-Sec 13.5 15.4%
    Birla Gilt 12.8 14.0%
    Tata G-Sec 13.0 13.8%
    Prud.ICICI Gilt 12.8 13.2%
    Kotak Mah Gilt 13.6 13.1%
    Dundee Sov Trust 13.0 13.1%

    The rankings were undertaken to unravel the selection process Our advise to mutual fund investors is to look at these rankings objectively. We have several other tools that investors need to look at while assessing fund performance. Investors who would like to rank fund performance over different time frames – 3-month, 6-month, 3-years, etc. can browse through our interactive query section

    Open ended, ELSS NAV(Rs) 12-months
    UTI Equity Tax Savings 9.3 -5.3%
    Prudential ICICI Tax Plan 10.6 -18.2%
    Sundaram Tax Plan 8.0 -18.5%
    Dundee Tax Saver 7.5 -19.6%
    Kothari Pioneer Tax Plan 22.6 -20.9%
    Alliance Tax 1996 48.5 -25.5%
    Tata Tax Saver 10.0 -34.3%
    Canpep 93 11.5 -35.0%
    Magnum Taxgain 13.9 -40.9%
    Birla Equity Plan 11.3 -45.7%

    Investors who would like to assess fund management skills of the fund house can browse through Face to Face

    For a detailed analysis on mutual funds, visitors can see Fund Focus

    We are hopeful that these tools will leave the mutual fund investor more informed with adequate ‘power’ to make the right investment decision.



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