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Growth funds: Weekly roundup - Views on News from Equitymaster
 
 
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  • Jun 10, 2000

    Growth funds: Weekly roundup

    This was a good week for mutual fund investors, especially growth fund investors, as stock markets continued to remain upbeat.

    Open-ended,
    Growth Schemes
    NAV Last
    week
    Last
    month
    Last
    year
    Since
    inception
    ING Growth (Gr) 19.71 21.70% -2.80% 100.30% 91.30%
    UTI Sector-Service Sector 33.67 17.60% -3.00% 0.00% 237.40%
    Alliance Equity Fund (Gr) 40.65 15.90% -1.20% 144.90% 119.60%
    Magnum Multiplier Plus 1993 22.31 15.70% -1.60% 61.80% 13.60%
    Tata Pure Equity 14.79 15.60% 2.80% 86.90% 63.00%
    Libra Leap 22.69 15.20% 5.10% 142.40% 40.50%
    Pru ICICI Growth (Gr) 25.14 15.10% -0.40% 81.50% 60.10%
    Magnum Equity Fund 16.54 14.60% 0.10% 81.10% 17.80%
    JM Equity Fund (Gr) 11.91 14.20% -2.90% 9.30% 4.10%
    Tata Life Sc & Tech (I) 13.54 13.80% -3.10% 0.00% 49.40%
    Mastergrowth 1993 20.46 13.60% 11.00% 32.20% 11.50%
    Grandmaster 1993 10.23 13.50% 4.90% -4.40% -0.70%
    IL&FS Gr & Val (Gr) 15.8 13.10% 1.90% 0.00% 30.40%
    DSP ML Opportunities (Gr) 10.19 12.30% 0.00% 0.00% 15.00%
    K P Bluechip (Gr) 25.02 11.70% 3.30% 90.30% 32.80%
    Magnum Global Fund 12.6 11.40% -1.20% 44.10% 6.70%
    Taurus Starshare 10.22 11.20% 8.70% 56.30% -0.80%
    Birla Advantage Fund 44.8 11.20% -5.00% 122.20% 39.70%
    Canexpo 21.02 10.20% -2.30% 72.50% 14.20%
    K 30 20.54 9.70% -3.90% 62.90% 60.10%
    K P Prima Plus (Gr) 24.79 9.60% -1.60% 78.00% 19.60%
    K P Prima Fund (Gr) 23.65 8.30% -0.30% 58.30% 14.20%
    Sundaram Growth 14.71 8.20% 0.70% 45.20% 27.20%
    Templeton Growth Fund 13.28 8.00% 4.80% 64.80% 11.20%
    Sun F & C Value (Gr) 23.3 7.90% -0.40% 41.80% 38.40%
    Canbonus 10.81 7.80% 4.60% -0.30% 3.40%
    GIC Growth Plus II 19.01 7.60% 6.30% 103.30% 12.50%
    Zurich(I) Equity (Gr) 21.47 7.50% -1.70% 68.80% 16.30%
    Mastershare Plus 1991 23.13 7.40% 6.90% 5.30% 5.80%
    Mastergain 1992 11.94 7.30% 5.90% 6.90% 3.90%
    Zurich I) Top 200 16.75 6.70% 0.10% 15.40% 21.30%
    UTI Sector-Brand Value 9.39 6.60% -2.60% 0.00% -2.10%
    UTI Sector-Petroleum 12.2 6.60% 6.60% 0.00% 21.00%
    DSP ML Equity Fund 19.85 6.50% -0.30% 31.70% 34.40%
    Primary Equity Fund 17.07 6.10% -1.00% 34.70% 11.10%
    GIC Fortune 1994 6.67 6.00% 3.40% 5.90% -6.40%
    Birla MNC Fund (Gr) 31.97 5.70% 3.20% 120.20% 22.90%
    UGS 10000 12.29 5.70% 2.00% -1.10% 13.70%
    Reliance Vision Fund 20.29 4.70% -0.10% 39.40% 16.10%
    GIC D'MAT 8.64 4.50% 1.40% 0.00% -25.00%
    Zurich(I) Capital Builder 13.08 3.60% 6.20% 13.00% 5.30%
    Alliance Basic Ind. (Gr) 8.59 3.10% 0.90% 0.00% -3.80%
    Magnum Sector Funds-Contra 8.68 3.10% 0.80% 0.00% -14.50%
    K MNC 10.21 2.70% 5.20% 0.00% 9.10%
    Alliance Buy India (Gr) 6.45 2.10% -5.00% 0.00% -35.90%

    All the growth funds in the study showed positive returns in the last week with ING Growth posting the maxim gains (21.7%). Mastergrowth 1993 has given 11.0% returns over the last month, which is significantly higher than Taurus Starshare, which came next giving 8.7% returns. Over the last 12 months, growth funds have posted mixed results with 3 funds giving negative returns and 6 funds giving returns in excess of 100%.

    Investors with an appetite for risk could look at growth funds with software exposure hovering around 35%-40%, with total technology, media, telecom (TMT) exposure in the 45-50% range. Investors with an aversion for risk must target funds with TMT not exceeding 30%.

    Run queries on our interactive ‘Portfolio Research’ section under 'Mutual Funds' to home in on schemes with exposure to various sectors and companies of your choice.

     

     

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