• OUTLOOK ARENA
  • VIEWS ON NEWS
  • NOVEMBER 9, 2000

Income Funds heading the right way…

The markets have shown an upward trend in the past week. This has proved beneficial not only for the growth funds but the income funds as well.

Open-ended, Growth Schemes NAV
(Rs)
Last
week
Last
month
Last
year
K 30 15.6 11.1% 0.8% 2.9%
IDBI Equity Fund (Gr) 10.5 9.5% 1.3% -13.4%
Grandmaster 1993 9.7 7.8% -1.0% -29.2%
Zurich (I) Top 200(Gr) 12.6 6.9% 3.0% -17.7%
Boinanza Exclusive Gr 6.9 6.8% 3.2% -21.5%
IL&FS Gr & Val (Gr) 12.9 6.7% 5.3% 0.0%
K MNC 9.2 6.7% -3.5% 0.0%
Mastergain 1992 10.7 6.7% -0.4% -17.9%
Templeton Growth Fund 12.0 6.7% 4.1% 10.3%
GIC D'MAT 7.7 6.6% 2.1% -27.7%
GIC Growth Plus II 13.7 6.6% -6.2% -3.5%
Magnum Global Fund 10.5 6.6% -0.8% -11.6%
(Shemes showing a growth of above 5%)

The above table clearly indicates how well the growth funds have performed in the last week, with some funds showing a growth of over 6.5% (as shown in the table). But some of the funds still show a negative growth, even on a yearly basis. This is a largely due to the selective recovery in stock prices.

In case of Income funds the trend is different.

Open-ended, Income Schemes NAV
(Rs)
Last
week
Last
month
Last
year
Deposit I-NIT 1997 (Plan A) 12.9 5.0% 1.2% 0.0%
K P Pension Plan (Gr) 16.4 2.1% 4.1% 12.3%
PNB Debt Fund (Gr) 11.8 1.4% 1.6% 18.0%
PNB Debt Fund (Div) 10.7 1.3% 1.6% 11.1%
Templeton MIP (Gr) 10.6 1.0% 1.4% 0.0%
Templeton MIP (HalfYly) 10.2 0.8% 1.4% 0.0%
Alliance Monthly Inc.(Gr) 12.9 0.8% 1.1% 18.0%
Alliance Monthly Inc (Mth Div) 10.1 0.7% 1.0% 15.2%
(Shemes showing a growth of above 0.7%)

Income funds have also shown positive growth in the last week, giving decent returns for the risk-averse investor. But unlike growth funds, income funds have largely shown a positive growth during both the monthly and yearly periods.

Investors should take note of this development, where returns from debt have exceeded those from equity. It is clearly evident from this study that exposure to Income funds can help stabilize your returns.

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 (Research Analyst) bearing Registration No. INH000000537 (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, Canada or the European Union countries, 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 (Research Analyst)
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