 CRISIL FundServices, in its monthly 'risk adjusted return ranking' (CRISIL~RRR) of the performance of mutual fund schemes, has covered 10 types of mutual fund investment options and has ranked 214 schemes for the one-year ended October 2005. The ranking covers 64 per cent of the industry assets under management (AUM). The CRISIL~RRR measures performance of the schemes not only on the returns given by the schemes over the period of analysis but also the risk they took to get those returns.
Equity markets witnessed correction during October 2005 amidst a depreciating rupee. FIIs were net sellers during the month. The market returns as measured by the Sensex delivered negative returns of 8.60 per cent during October 2005. During the same period, the CNX Midcap Index also gave negative returns of 8.63 per cent. The month also witnessed the much expected 25 bps hike in repo and reverse repo rates by RBI. The credit policy announcement signals the increasing fear of inflationary pressures on the economy. The equity funds category benchmark, the CRISIL Fund~eX, generated a return of 46.65 per cent for the year-ended October 2005. -
SBI Magnum Global Fund improved its performance and topped the CRISIL~RRR.
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SBI Magnum Sector Umbrella (Contra Fund) was at CRISIL~RRR 2 while
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Franklin India Prima Fund - Growth stood at CRISIL~RRR 3. In the software sector category, -
Birla India Opportunities Fund (Plan B – Growth) maintained CRISIL~RRR 1
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Birla Sun Life New Millennium Fund – Growth also continued at CRISIL~RRR 2
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DSP Merrill Lynch Technology Fund - Growth was at CRISIL~RRR 3. The income funds benchmark, the CRISIL Fund~dX, generated returns of 5.80 per cent for the year-ended October 2005. -
LICMF Bond Fund – Growth improved rankings by one notch to move to CRISIL~RRR 1
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HDFC High Interest Fund - Growth also improved rankings by a notch to CRISIL~RRR 2
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UTI Bond Fund was at CRISIL~RRR 3. In the debt- short term category, -
Reliance Short Term Fund - Growth continued to top the charts at CRISIL~RRR 1,
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Kotak Bond Short Term Plan – Growth improved its position and stood at CRISIL~RRR 2 Principal Income Fund - Short Term Plan - Growth continued to be at CRISIL~RRR 3. The CRISIL STBEX, the benchmark for short-term income funds, generated returns of 5.33 per cent for the year-ended October 2005. The balanced fund category benchmark, the CRISIL Fund~bX, generated returns of 36.30 per cent for the year-ended October 2005. -
SBI Magnum Balanced Fund – Dividend remained at CRISIL~RRR 1.
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New entrant ING Vysya Balanced Fund - Growth was at CRISIL~RRR 2
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HDFC Prudence Fund – Growth was at CRISIL~RRR 3. The liquid fund category benchmark, the CRISIL~LX, generated returns of 5.10 per cent for the year-ended October 2005. -
HDFC Cash Management Fund (Savings Plan – Growth) maintained category leadership at CRISIL~RRR 1.
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Sundaram Money Fund – Growth was at CRISIL~RRR 2,
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UTI Liquid Cash Plan – Growth improved its ranking to CRISIL~RRR 3. In the floating rate fund category: -
HDFC Floating Rate Income Fund (Short Term Plan – Growth) improved its ranking to CRISIL~RRR 1,
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JM Floater Fund (Short Term Plan – Growth) was at CRISIL~RRR 2,
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Kotak Floater - Short Term - Growth remained at CRISIL~RRR 3. In the gilt-long category: -
Sahara Gilt Fund - Growth topped the category and stood at CRISIL~RRR 1.
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Principal G-Sec Fund (PF Plan – Growth) was at CRISIL~RRR 2
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UTI G-Sec Fund - Growth CRISIL~RRR 3. | CRISIL Risk-Adjusted Return Ranking for the period ended October 31, 2005. | | General Equity Funds | CRISIL RRR for Oct 05 | CRISIL RRR for Sep 05 | | SBI Magnum Global Fund | 1 | 2 | | SBI Magnum Sector Umbrella - Contra Fund | 2 | 4 | | Franklin India Prima Fund - Growth | 3 | 5 | | Balanced | | | | SBI Magnum Balanced Fund - Dividend | 1 | 1 | | ING Vysya Balanced Fund - Growth | 2 | N.A | | HDFC Prudence Fund - Growth | 3 | 2 | | Sector Funds | | | | Birla India Opportunities Fund - Plan B - Growth | 1 | 1 | | Birla Sun Life New Millennium Fund - Growth | 2 | 2 | | DSP Merrill Lynch Technology Fund - Growth | 3 | 4 | | Income Funds |
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| | LICMF Bond Fund - Growth | 1 | 2 | | HDFC High Interest Fund - Growth | 2 | 3 | | UTI Bond Fund - Growth | 3 | 1 | | Debt-Short Term |
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| | Reliance Short Term Fund - Growth | 1 | 1 | | Kotak Bond Short Term Plan - Growth | 2 | 4 | | Principal Income Fund - Short Term Plan - Growth | 3 | 3 | | Monthly Income Plan (MIP) | | | | UTI Monthly Income Scheme - Growth | 1 | 6 | | Principal MIP - Growth Accumulation Plan | 2 | 1 | | Tata Monthly Income Fund - Appreciation | 3 | 3 | | Gilt-Long | | | | Sahara Gilt Fund - Growth | 1 | 2 | | Principal G-Sec Fund - PF Plan - Growth | 2 | 3 | | UTI G-Sec Fund - Growth | 3 | 10 | | Index | | | | UTI Nifty Index Fund - Growth | 1 | 1 | | UTI Master Index Fund - Growth | 2 | 2 | | Franklin India Index Fund - NSE Nifty Plan - Growth | 3 | 3 | | Floating Rate Funds | | | | HDFC Floating Rate Income Fund - Short Term Plan - Growth | 1 | 2 | | JM Floater Fund - Short Term Plan - Growth | 2 | 1 | | Kotak Floater - Short Term - Growth | 3 | 3 | | | One Year | Six months | Three months | | Liquid Funds | Oct 05 | Sep 05 | Oct 05 | Sep 05 | Oct 05 | Sep 05 | | HDFC Cash Management Fund - Savings Plan - Growth | 1 | 1 | 1 | 1 | 2 | 2 | | Sundaram Money Fund - Growth | 2 | 5 | 4 | 3 | 3 | 3 | | UTI Liquid Cash Plan - Growth | 3 | 10 | 2 | 2 | 1 | 1 |
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