As you are probably aware, we track the performance of mutual funds every single day. When we looked at the data over the past 12 weeks (weeks ended June 1, 2007 to August 17, 2007), we came across some interesting facts.
Diversified equity funds
In the 5-year return slot, Reliance Growth (No. 1), Magnum Contra (No. 2) and Magnum Global (No. 3) have consistently held on to the top three rankings. The worst performer has been LICMF Equity.
Return per annum
Reliance Growth: 60.04%
Magnum Contra: 58.22%
Magnum Global: 57.07%
LICMF Equity: 29.43%
In the 3-year return slot, Magnum Global has reigned as No. 1 and Magnum Contra has been at No. 2.
Return per annum
Magnum Global: 61.05%
Magnum Contra: 58.74%
Over the past six weeks, JM Basic has been the best performer in the 1-year and 2-year return category (weeks ended July 13 to August 17). The returns have been 63.19% (1-year returns) and 51.53% (3-year returns).
Another fund from the JM stable has not been this successful. JM Emerging Leaders is one of the relatively newer funds and entered the 2-year return slot since the week ended July 27. Since then, it has been one of the worst performers in this slot with a return of 12.55%.
Equity linked saving schemes
Where tax-saving funds are concerned, Magnum Taxgain has been the best performer over the 5-year and 3-year return slots.
Except on two occasions where it slipped to the third slot, HDFC Taxsaver has been No. 2 in the 5-year and 3-year returns slots.
The worst performers in the 5-year return slot are LICMF Tax Plan and Taurus Libra Taxshield. In the 3-year return slot, BoB ELSS '96, LICMF Tax Plan and UTI Equity Tax Savings take that place.
5-year returns per annum
Magnum Taxgain: 61.69%
HDFC Taxsaver: 52.76%
LICMF Tax Plan: 30.01%
Taurus Libra Taxshield: 29.54%
3-year returns per annum
Magnum Taxgain: 64.54%
HDFC Taxsaver: 51.90%
LICMF Tax Plan: 22.46%
BoB ELSS '96: 30.91%
UTI Equity Tax Savings: 32.40%
Tech funds
Where tech funds are concerned, DSPML Technology.com is the undisputable leader. It has been the No. 1 performer in the 1-year, 2-year, 3-year and 5-year return category. The returns have been 58.29%, 44.93%, 48.85% and 45.06% respectively.
Data is from the weeks ended June 1, 2007 to August 17, 2007.
All the returns are as on August 17, 2007.
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