Recently Viewed

Fundwire

How Funds' Ranks Changed in '04

A study of how funds' returns ranks changed in 2004 throws up some surprises. Eight of the fifteen most improved funds are public sector funds and four of them are from UTI

Last updated: 14-Nov-2022•Research Desk Follow Value Research Online on Google

Ranking funds is a favourite activity at Value Research. After all, it's what we do for a living. This time we've done an innovative study on how different diversified equity funds have improved or worsened their returns rank from 2003 to 2004. Of course, the 2004 data is only till December 10.

Here's what we did: we first calculated the percentile in which each fund's returns were placed in both the years. Then, we calculated the change in this percentile between the two years. And then we ranked these changes. What we came up with was a ranking of how much funds have improved or worsened during 2004, compared to their peers.

For example, the biggest improver, Canglobal, had returns of 74.2 per cent in 2003 which put it in the 93rd percentile. In 2004, its 28.6 per cent returns put it in the 9th percentile. This improvement from 93 to 9 means that it improved by 84 percentile points, making it the most improved fund of 2004 till this point.

Interestingly, the data falsifies some common assumptions. Eight of the fifteen most improved funds are public sector funds. In fact, four of them are from UTI. Kotak is another AMC that has really shone--both its diversified equity funds are among the top ten most improved funds.

Do note that this is not a performance ranking in any way. There are plenty of funds here, including in the top ten, which may have improved a lot but were so bad to begin with that they are not investment candidates by any stretch of the imagination.

How They Fared
Rank  Scheme Name  Returns   Returns     Percentile   
2003 2004 2003 2004 Change
1 Canglobal 74.2 28.6 93 9 84
2 Principal Growth 91 31.8 76 4 72
3 UTI MNC 80.2 21.6 87 19 68
4 Kotak 30 93.6 25.4 73 13 60
5 Magnum Global 100.8 55.2 58 0 58
6 ING Vysya Select Stocks 39.2 14.4 100 58 42
6 Kotak MNC 98.3 20.3 66 24 42
8 Canbonus 83.9 17.5 81 42 39
9 Magnum Contra 114.4 51.5 34 1 33
10 Mastershare 80.4 14.7 85 54 31
11 ING Vysya Equity 68.2 13.3 94 64 30
12 Alliance Equity 118.7 30.6 31 6 25
13 Tata Growth 110.6 20.8 45 21 24
13 UTI Brand Value 67.5 11.7 96 72 24
13 UTI PEF 86.6 14.6 79 55 24
16 HDFC Capital Builder 121.9 36.6 25 3 22
17 Alliance Frontline Equity 90.8 14.5 78 57 21
17 Birla Mid Cap 113.7 25 36 15 21
17 Principal Equity 77.8 12.1 90 69 21
20 Cholamandalam Growth 101.9 18.5 57 37 20
21 Magnum Multiplier Plus 117.6 22.1 33 18 15
21 Franklin India Prima Plus 107.3 18.6 51 36 15
23 Escorts Growth 78.2 11.4 88 75 13
24 Taurus Starshare 112.5 19.5 40 28 12
25 GIC Growth Plus II 65.5 9.6 97 87 10
26 Birla MNC 93.8 13.9 72 63 9
26 Sundaram Growth 111.6 18.6 43 34 9
28 Birla Advantage 110.3 17.8 46 39 7
28 Grandmaster 102.8 15.7 55 48 7
30 HDFC Index Sensex Plus 77.6 9.9 91 85 6
31 LICMF Index Sensex Advantage 55.1 6.1 99 96 3
32 Mastergain '92 100.7 14 60 61 -1
33 Sundaram Select Focus 108.2 15.4 49 51 -2
34 Reliance Growth 155.7 30.6 4 7 -3
35 LICMF Growth 113.5 17.4 37 43 -6
36 Franklin India Growth Fund 100.5 11.8 63 70 -7
36 UTI Master Value 124.7 19.4 24 31 -7
38 DSPML Opportunities 138 20.3 13 22 -9
38 GIC D'MAT 80.6 8.3 84 93 -9
38 HSBC Equity 160.3 28.5 1 10 -9
38 Sundaram Select Midcap 157.7 25.5 3 12 -9
38 Index Select Equity 83.4 8.3 82 91 -9
43 Master Growth 112.4 15.1 42 52 -10
44 Canexpo 110.1 14.2 48 60 -12
44 HDFC Equity 126.3 18.8 21 33 -12
44 Sahara Growth 100.7 11.7 61 73 -12
47 HDFC Top 200 134.5 19.4 16 30 -14
48 Magnum Equity 98.9 10.7 64 79 -15
48 Tata Pure Equity 140.6 20.2 10 25 -15
50 Franklin India Prima 177.1 23.9 0 16 -16
51 Master Plus '91 97.7 9.9 67 84 -17
52 HDFC Growth Fund 120.7 17.3 27 45 -18
52 Franklin India Bluechip 120.6 16.1 28 46 -18
54 Alliance Basic Industries 154.2 19.8 7 27 -20
55 DSPML Equity 129.8 17.7 19 40 -21
55 Taurus Discovery Stock 95.6 9.4 69 90 -21
57 LICMF Equity 93.5 3.3 75 99 -24
58 JM Equity-G 103.3 10.7 54 81 -27
58 Pru ICICI Growth 94.7 3.8 70 97 -27
60 Principal Resurgent India Equity 143.9 15.5 9 49 -40
61 JM Equity-D 107.1 6.7 52 94 -42
62 Pru ICICI Power 126.3 12.9 22 66 -44
63 UTI Growth & Value 137.3 12.7 15 67 -52
64 GIC Fortune '94 119.4 9.5 30 88 -58
64 Tata Select Equity  132 11.3 18 76 -58
66 Bonanza Exclusive 113.3 -3.2 39 100 -61
67 Templeton IGF 138.8 9.9 12 82 -70
68 Reliance Vision 155.2 10.8 6 78 -72


Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.

Top Picks

One international fund takes lump sums. Four take SIPs

4 min read•By  Aakar Rastogi

Welcome to the New Value Research!

2 min read•By  Value Research

5 stocks with FCF yields of around 30 per cent or more

4 min read•By  Satyajit Sen

NPS Swasthya: buy the cover, not the corpus

6 min read•By  Aakar Rastogi

10 PSU banks look cheap. Market is asking a fair question

5 min read•By  Lakshya Naredi

Value Research Podcast

updateNew episodes every Friday

Only 7% of life insurance payouts are death claims

IRDAI's own consultation paper shows surrender payouts are five times larger than death claims. This industry is not selling protection. It is selling an exit.

Other Episodes

Other Categories

alphanso

First Page

Value Research CEO Dhirendra Kumar reflects on pressing issues facing investors today and shares timeless advice to keep them on track.

In Practice

Investors' Journeys

NPS

Articles about the National Pension System aka NPS, published on Value Research Online.

Special Report

Catch the latest webinars and updates on new issues here.

The Index Investor

Smart, low-cost investing made easy with broad market exposure and long-term focus.

Data for Thought

Articles that contain data analysis of stocks, mutual funds and other investment vehicles.

IPO Analysis

Our analyses of IPOs will answer important questions on the company’s fundamentals, business model, strengths, weaknesses, and of course the valuation of the stock.

Sector Playbook

Valuable, in-depth insights into various sectors of the market

Stock Advisor

Value Research Stock Advisor is a premium service that provides subscribers with thoroughly-researched stock recommendations with regular updates. The stories here draw from the Stock Advisor team’s experience researching companies.

Fund News

Check updates from Mutual Funds on dividends, changes to exit loads, NFO announcements, and more.

Fundwire

News, analysis and features on mutual funds.

Marketwire

Archive of articles about the stock markets in India - their valuations, crashes, upward trends and more.

Newswire

Archive of news updates related to investment regulations, stock markets, mutual funds and more.

Stockwire

News, analysis and features on stocks.

Alpha Managers

fund manager interview

Back to Basics

Cover Story

Fund Focus

Fund Focus is an archive of articles on specific mutual funds and AMCs published on Value Research.

Income Tax Know-how

Stuff you need to know as you file your income tax returns.

Interview

Insightful conversations on the markets, funds, and what matters right now.

Learn

Learning

Useful articles to help you invest better, whether you are a new investor or well into your investment journey.

Reader's Voice

The Big Fund

Using Value Research Online

Value Research Online brings to you a wide array of tools and features to invest better, make important decisions and track your portfolio. Learn how you can use them here.

Videos

Words Worth

Archive of articles that focus on the investing philosophy of masters like Warren Buffet, Walter Schloss, Charlie Munger and more.