Growth funds post indifferent performance - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Growth funds post indifferent performance

Nov 14, 2000

The major market indices BSE-Sensex and S&P CNX Nifty remained listless over the last week. This was reflected in the indifferent performance of diversified growth funds.

Open-ended, Growth Schemes NAV
1 month 12 months *CAGR
Since inception
Magnum Equity Fund 13.1 0.8% 4.8% -9.2% 14.2%
Canbonus 9.6 0.8% 5.9% -27.4% 1.8%
Zurich(I) Capital Builder 9.8 0.8% 2.6% -18.0% 2.9%
Pru ICICI Growth (Gr) 21.6 0.7% 6.8% 1.7% 37.6%
K P Prima Fund (Gr) 19.0 0.7% -5.3% -30.9% 9.7%
Franklin Growth Fund 6.6 0.6% 4.5% 0.0% -36.7%
DSP ML Equity Fund 16.4 0.5% 4.1% -14.1% 22.8%
Birla Advantage Fund 35.5 0.5% 4.0% -2.1% 30.8%
Alliance Equity Fund (Gr) 36.3 0.5% 9.7% 33.5% 78.3%
K 30 15.5 0.3% 2.3% -2.1% 41.5%
Canglobal 7.0 0.3% 4.8% -29.3% 5.5%
K P Bluechip (Gr) 21.8 0.3% 8.1% 8.5% 27.9%
*CAGR=Compounded Annual Growth Rate

The above table clearly shows that most diversified growth funds have shown a range-bound growth not exceeding 1%. What is even more interesting is that over a 1-year investment horizon most funds have given negative returns.

However, that is not to say that investors must exit from growth funds. In fact, at current levels, it may not be a bad idea to accumulate more units. Mutual funds are long-term investments and therefore their performance must be gauged over a minimum 18-24 month investment horizon in mind.

Equitymaster requests your view! Post a comment on "Growth funds post indifferent performance". Click here!


More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

Why am I Recommending Caution? (Fast Profits Daily)

Sep 9, 2020

This is why I have changed my short-term view on the market.

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms