Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Mutual Fund Rankings - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Oct 4, 2001

    Mutual Fund Rankings

    With the turmoil in domestic capital markets, now is a good time to assess mutual fund performance. We have ranked mutual funds across several categories (growth, income, balanced) over the last 12 months.

    GIC D'MAT 7.0 -6.4% -7.8% -9.6% -21.2%
    UGS 10000 8.9 -6.9% -10.7% -17.0% -3.7%
    TEMPLETON GROWTH G 9.7 -11.8% -13.8% -17.2% 1.6%
    ZURICH TOP 200 G 11.7 -11.3% -14.0% -18.2% -25.0%
    GRANDMASTER 1993 7.3 -9.6% -14.7% -18.9% -3.5%

    (Returns over 1 year are annualised)

    Growth funds have been hit more in the last month (since the US attacks) then they have been over the last 4-6 months. We maintain that growth funds are ideal for investors below 40 years. The risk profile of growth funds would be unpalatable for investors over 40 years. But investors should be more discernible and must invest in equity funds to build wealth over a period of 3-5 years, rather than enter and exit at every rise and slump in equity markets. (Do your own mutual fund rankings here.)

    ZURICH PRUDENCE G 16.4 -6.4% -3.5% -11.9% 11.7%
    SUNDARAM BAL G 8.2 -7.1% -8.5% -13.8% -15.7%
    HDFC BAL G 8.4 -8.1% -8.9% -15.0% -15.5%
    DHANASAHAYOG 7.3 -5.5% -8.2% -16.3% 0.6%
    FRANKLIN BAL G 7.9 -6.0% -4.8% -17.3% -17.2%

    (Returns over 1 year are annualised)

    Balanced funds have done well largely due to the fixed income component. Like their growth counterparts, their equity component has seen some harrowing times, which got even more pronounced after September 11. But unlike growth funds, balanced funds had the good fortune of falling back upon their fixed income securities to cut equity losses and also to participate in the ‘bull run’ in bond prices. But post-US attacks, even balanced fund managers are at their wits end, as they have seen an erosion in both equity and fixed income components. Investors who are more than 40 years old (but less than 50 years) can look at balanced funds as these funds have a lower risk profile (as compared to equity funds). However, even then they must select balanced funds with a very conservative approach to fund management.

    PNB DEBT FUND (G) 14.1 0.1% 8.7% 20.5% 15.9%
    PIONEER ITI INC BUILD (G) 17.4 -0.1% 8.4% 17.5% 13.8%
    IDBI PRI DEP BOND G 12.0 -0.3% 7.8% 17.1% 16.4%
    K BOND WHOLESALE G 12.8 -0.6% 7.4% 17.1% 13.7%
    GRINDLAYS SP SAV G 11.8 -0.5% 7.9% 16.7% 16.0%

    (Returns over 1 year are annualised)

    Income funds (bond funds and gilt funds) have witnessed a dream run over the last few months with the sharp run-up in bond prices. But as warned ominously by income fund managers this was too good to last. But even they may not have perceived that it would take a couple of airplanes to ram into the WTC to usher a fall in domestic bond prices. In any case that is exactly what happened and income fund investors did not like it one bit and they exited completely or shifted to liquid funds to cut losses. Income funds are for investors across the board regardless of how old they may be. However, older investors (above 40 years) would appreciate its safety and consistency more than younger investors who may want to invest in equity funds as they have more ‘time’ on their side.

    If you are in Mumbai and are interested in mutual funds or other investment products, please register here



    Equitymaster requests your view! Post a comment on "Mutual Fund Rankings". Click here!


    More Views on News

    The Right Financial Advisor Is Around the Corner (Outside View)

    Mar 10, 2016

    An opportunity to find an impeccably trustworthy and competent financial guardian is in the offing.

    Why financial planning should be dull and boring (Mutual Fund Corner)

    Feb 29, 2016

    Most financial planners come out as whiz kids who throw around financial jargon. But financial planning can be actually easy, provided one follows a disciplined approach.

    What Are E-Wallets And How To Use Them (Mutual Fund Corner)

    Feb 12, 2016

    PersonalFN highlights the benefits of parking a portion of your expenses in e-wallets and using them efficiently.

    Is Consumption Boom Over In India? (Mutual Fund Corner)

    Feb 2, 2016

    Mutual funds take a bearish call on the FMCG sector. The sector has started playing out due to a combination of slower growth and expensive valuations.

    How to Find a Saint Amongst Sinners? (Mutual Fund Corner)

    Feb 1, 2016

    Ethical practices help build long lasting relationships, and healthy long-term business relationships are often mutually rewarding. But PersonalFN is of the view that the financial services industry in India seems to have forgotten this.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms