Mutual Fund – Performance of various funds

All balanced funds are not uniformly balanced. This is the reason you see equity-oriented balanced funds (first table) as a category earning twice as much returns as the debt oriented balanced fund category (second table) did over the past three years. However, balanced-oriented debt has performed better than equity-oriented hybrid funds over the past six months.

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MF monitor

Although monthly income plans (third table) as a category has had a mixed performance, in the past one year they have more or less matched one year fixed deposit returns. The returns from Fund of Funds (fourth table) is also quite mixed, but on an average the top three have earned about 30% in the past three years.

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MF monitor

SBI AMC has two funds in the topfive equity diversified schemes (fifth table). The surprise is Sahara Growth fund. With a miniscule Rs 6 crore AUM it has earned its investors almost as much as the top fund in the category.Magnum Tax Gain (sixth table) is an outperformer, earning close to 70% returns over the past five years, way ahead of the best performing equitydiversified fund.

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MF monitor

The midcap story (bottom table) is still on with Sundaram BNP Paribas leading the category. In the past three years the category has done even better than equity diversified funds.This restates the point that in a rising market there are hidden gems that outperform the market leaders.

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MF monitor

An SIP of Rs 2,000 over a three-year tenure (Rs 72,000) from March 2005 to February 2008 would have grown to Rs 80,040.8—a growth of 11.17%.

SIP Advantage Demonstrated

Month Nav (Rs) Total Units Accumulated Value (Rs)
Mar’05 11 181.8 2000
Jun’06 15.75 881.1 13,877.3
Dec’06 14.1 1667.0 23,504.7
Nov’07 14.9 3260.0 48,574.0
Feb’08 17.35 4613.3 80,040.8
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