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5 Funds Gain Entry into Five Star Funds' Family

In the revised rating for the month of September, as many as five funds, including Deutsche Premier Bond Institutional, DSPML Savings Plus Moderate, Franklin India Taxshield, Grindlays GSF Investment and UTI Services Sector, have gained entry into the VALUE RESEARCH Five Star Funds family.

In the revised rating for the month of September, as many as five funds, including Deutsche Premier Bond Institutional, DSPML Savings Plus Moderate, Franklin India Taxshield, Grindlays GSF Investment and UTI Services Sector, have gained entry into the Value Research Five Star Funds family.

Rated for the first time, both Deutsche Premier Bond Institutional and DSPML Savings Plus Moderate have started their rating life in this exclusive club. In the past year, the former (a debt medium term institution plan) has returned an impressive 2.24 per cent against the category average return of a meagre 0.79 per cent as on October 5, 2004. Similarly, hybrid monthly income scheme DSPML Savings Plus Moderate has returned 9.55 per cent against the category average of 6.45 per cent in the same period.

After a five-month-long wait in the Four Star category, Franklin India Taxshield finally made it to prestigious club in September. Interestingly, the fund had been rated as a Five Star Fund in the first seven month of its rating life, which began in March 2002. As on October 5, 2004, the fund's return is 47.71 per cent against the category average of 44.02 per cent.

Grindlays GSF Investment has made a smart recovery as far as rating is concerned. After, languishing in the Two Star Funds' family for six months, the fund has gained entry into the top-rated club for the first time. The fund's one-year return as on October 5, 2004, is a negative 1.05 per cent against the category average return of negative 0.64 per cent.

UTI Services Sector has improved its rating from Three Star to Five Star. After remaining in the top-rated funds' category in the first three months of its rating life in August 2002, the fund regained its rating in September. The fund's one-year return of 43.82 per cent is slightly better than the category average return of 42.59 per cent.



The Five Star Club
Fund  Rating  Ret3Mth  Ret1Yr  RetSinceLaunch
BoB Income ***** 1.18 6.31 5.94
Chola Gilt Investment ***** 2.03 5.93 14.03
Deutsche Premier Bond Inst  ***** 0.99 2.85 6.91
Deutsche Premier Bond Regular ***** 0.76 1.98 6.07
DSPML Savings Plus Moderate ***** 2.82 9.24 11.97
Escorts Income ***** 0.56 6.15 11.75
Franklin India Prima ***** 20.54 62.82 21.79
Franklin India Taxshield ***** 15.92 47.76 36.49
Grindlays GSF Investment ***** 0.61 0.33 8.65
HDFC Equity ***** 19.88 40.70 18.99
HDFC Prudence ***** 14.41 31.55 19.37
HDFC Taxsaver ***** 30.66 60.78 38.73
LICMF Liquid ***** 1.16 5.07 6.15
Prudential ICICI Income LT ***** 1.52 3.05 9.39
Reliance Growth ***** 27.21 63.95 27.47
Reliance Short-term ***** 1.27 5.23 6.38
Reliance Vision ***** 22.11 42.80 23.91
Sahara Liquid ***** 1.15 4.72 5.87
Sahara Short-term ***** 1.07 5.24 6.70
Tata Growth ***** 29.99 54.21 4.83
Tata MIP ***** 1.93 6.48 12.97
Templeton IGSF Long-term ***** 0.60 4.24 15.04
Templeton India Pension ***** 6.91 20.42 15.37
Templeton India TMA ***** 1.14 4.67 7.78
Unit Scheme '95 ***** 15.00 31.68 21.14
UTI Gilt Advantage Fund Short-term ***** 0.23 3.59 10.20
UTI Services Sector ***** 15.03 42.33 31.76
Data as on September 30, 2004