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Funds' Reward Turns to Dust

Mutual fund investors were left out in the cold by the market gains


The Gains That Never Were
Equity: Diversified  
Scheme  1-day Gain*
Open-end Funds  
HDFC Top 200 15.41
HDFC Index Sensex Plus 15.40
SBI Bluechip 15.20
Magnum Equity 15.11
Magnum MultiCap 14.18
Magnum Contra 13.97
HDFC Equity 13.86
Magnum Emerging Businesses 13.13
HDFC Capital Builder 13.04
HDFC Growth 12.86
Quantum Long Term Equity 12.83
HDFC Core & Satellite 12.50
Magnum Midcap 12.37
HDFC Premier Multi-Cap 12.04
Magnum Global 12.02
Magnum COMMA 11.02
Magnum Multiplier Plus 10.86
Category Average  13.28
Closed-end Funds  
SBI Infrastructure Fund Series 1 16.17
HDFC Infrastructure 14.64
SBI One India 13.85
HDFC Long-term Equity 11.11
HDFC Mid-Cap Opportunities 9.64
Category Average  13.08
Equity: Tax Planning  
HDFC LT Advantage 13.90
HDFC Taxsaver 12.77
Quantum Tax Saving 10.37
Category Average  12.34
Equity: Speciality  
HSBC Emerging Markets -1.68
DSPBR World Gold Reg -4.47
Equity: Technology  
Magnum IT 8.55
Equity: FMCG  
Magnum FMCG 6.80
Equity: Pharma  
Magnum FMCG 6.80
Equity: Index  
Banking BeES 18.73
Shariah BeES 17.95
HDFC Index Nifty 17.75
Nifty Benchmark ETS 17.70
Magnum Index 17.60
Quantum Index 17.60
PSU Bank BeES 17.50
HDFC Index Sensex 16.43
Benchmark S&P CNX 500 15.84
Nifty Junior BeES 14.89
Category averages are the averages of only those funds that have declared their NAV on May 18, 2009
* as on May 18, 2009