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Templeton Is Hero of Star Club

Templeton Mutual Fund dominates the list of Value Research Top-rated Funds for October with more than half of its rated schemes occupying a seat in the elite club of five and four star funds

Templeton Mutual Fund dominates the list of Value Research Top-rated Funds for October with more than half of its rated schemes occupying a seat in the elite club of five and four star funds. The fund family boasts of four five star and 11 four star funds.

Templeton is closely followed by HDFC, Kotak Mahindra, Reliance Capital and UTI Mutual Fund, with each having three five star funds. UTI has maximum number of three star funds (as many as 14).


Fund Families: How they Stack Up
AMC Name  «  ««  «««  ««««  «««««
Templeton India 1 4 6 11 4
HDFC 3 7 8 6 3
Kotak Mahindra   6 2 3
Reliance Capital  3 1 1 3
UTI Mutual Fund 1 9 14 4 3
Birla Sunlife 1 3 6 3 2
Sahara 2 1   2
Tata TD  5 5 4 2
Alliance Capital 1 1 2 7 1
BoB 2 1 3  1
Canbank 5 4 1 1 1
Cholamandalam  1 4 1 1
Deutsche  1 2  1
DSP ML  1 5 2 1
Escorts   5  1
LIC 2 3 4  1
Prudential ICICI 1  11 3 1
Taurus 3 1 1  1
GIC  4 1  
HSBC 1 1  2 
ING Vysya 1 2 1 2 
J M  2 3 5 
Principal 1 4 6 6 
SBI 2 9 8 2 
Standard Chartered 2 3 3  
Sundaram  1 2 6 
Data as on October 31, 2004

Also, eight funds, including Alliance Cash Manager Institutional, Birla Gilt Plus Liquid, Canliquid Retail, HDFC Tax Plan 2000, Kotak Bond Wholesale, Kotak Gilt Inv Regular, Libra Gilt and Kotak Gilt Saving, have gained entry into the prestigious group of five star funds.

Rated for the first time, Alliance Cash Manager Institutional has began its rating life in the top club on account of a consistence performance in the past 18 months. The fund has better than the category average return in one month, three months and one year periods. Its year-to-date return of 3.88 per cent as on November 1, 2004, too is better than the category average return of 3.81 per cent.

After languishing in the three star funds' family for the past 15 months, Kotak Gilt Saving has finally made it to the elite club for the first time in its rating life.

Templeton IGSF Long-term, UTI Gilt Advantage Short-term, HDFC Taxsaver, Deutsche Premier Bond Regular and Grindlays GSF Investment lost their five-star tag in October.


The Five Star Club
Debt: Medium-term  Return 3M  Return 1 Yr  Since Launch
BoB Income 0.67 5.29 5.75
Escorts Income 0.86 5.86 11.63
Kotak Bond Wholesale 0.32 0.78 11.31
Prudential ICICI Income LT 2.85 4.65 9.78
Debt: Medium-term Institutional      
Deutsche Premier Bond Inst  0.15 1.44 6.13
Debt: Short-term      
Reliance Short-term 1.01 4.87 6.16
Sahara Short-term 0.97 4.77 6.55
Debt: Ultra Short-term      
Canliquid Retail 1.07 4.61 6.05
LICMF Liquid 1.18 5.02 6.10
Sahara Liquid 1.18 4.70 5.84
Templeton India TMA 1.14 4.62 7.73
Debt: Ultra Short-term Institutional      
Alliance Cash Manager Inst 1.16 4.73 5.01
Equity: Diversified      
Franklin India Prima 16.65 54.68 22.03
HDFC Equity 11.57 25.53 18.87
Reliance Growth 18.24 51.97 27.41
Reliance Vision 13.48 30.27 23.74
Tata Growth 18.67 45.14 4.99
UTI Services Sector 10.73 32.44 31.68
Equity: Tax Planning      
Franklin India Taxshield 8.55 36.98 35.72
HDFC Tax Plan 2000 17.37 65.71 43.15
Gilt: Medium & Long-term      
Chola Gilt Investment 1.25 1.78 13.61
Kotak Gilt Investment Regular 0.28 -0.53 13.86
Libra Gilt 0.71 7.34 8.78
Gilt: Short-term      
Birla Gilt Plus Liquid 1.00 3.70 9.56
Kotak Gilt Saving 1.39 4.23 8.39
Hybrid: Debt-oriented      
Templeton India Pension 4.78 16.09 15.24
Hybrid: Equity-oriented      
HDFC Prudence 10.16 23.34 19.27
Unit Scheme '95 12.04 24.86 20.99
Hybrid: Monthly Income      
DSPML Savings Plus Moderate 2.53 7.47 11.83
Tata MIP 1.69 4.93 12.84
Data as on October 31, 2004

Note: Value Research rates only more than three-year-old equity and 18-month-old debt funds. Also, a category is rated only when the number of funds satisfying the above-mentioned criteria in it reaches at least ten. For more on Value Research Fund Rating system click here.