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3 Funds Lose Five Star Tag

As many as three funds have lost their Five Star tag as per the revised list of Value Research Top-rated Funds released for January

As many as three funds have lost their Five Star tag as per the revised list of Value Research Top-rated Funds released for January. The funds include Templeton India TMA, FT India MIP and LIC MF Children's Fund. While the first two have slipped to the Four Star club, LIC MF Children's Fund has been downgraded to the Three Star category. BOB Income has regained entry into the Five Star family.


Fund Families: How they Stack Up
AMC Name  *  **  ***  ****  *****
HDFC 3 6 9 5 4
Alliance Capital 1 1 5 2 3
Birla Sunlife 3 2 8 1 3
Franklin Templeton 1 4 7 11 3
Reliance Capital - 3 1 3 2
Sahara 2 1 - - 2
Taurus - 3 - 1 2
UTI Mutual Fund 1 9 12 8 2
BoB 2 - 4 - 1
Cholamandalam - 1 4 2 1
DSP ML - - 5 3 1
Escorts - - 4 1 1
Kotak Mahindra - 2 3 5 1
LIC - 5 4 1 1
Prudential ICICI 1 3 9 2 1
SBI 6 7 2 1 1
Tata TD 3 3 7 4 1
Benchmark - - 1 - -
Canbank 1 4 3 1 -
Deutsche 1 1 - 1 -
GIC 1 1 2 1 -
HSBC 1 - 1 1 -
ING Vysya 1 1 2 2 -
J M 1 1 3 5 -
Principal - 5 10 3 -
Standard Chartered 1 5 3 - -
Sundaram - 1 3 5 -
Data as on January 31, 2005


HDFC tops the chart with four of its funds finding a place in the top-rated category. However, Franklin Templeton still remains the number one if we combine the number of four and five star funds-the AMC has 14 fund with five and four star ratings. HDFC Mutual Fund has nine four and five star funds.

Overall, the number of funds in the top rated category decreased from 32 in December 2004 to 30 in January 2005.

After enjoying the Five Star club for the past five successive months, Templeton India TMA fell back to Four Star category. Though the fund maintained the same return grade, the drop in the rating was the outcome of an increased risk grade.

BOB Income made a comeback in the Five Star club after being out only for a month. This fund had slipped to the Four Star family on account of reduced return and increased risk scores vis-à-vis its peers only last month. LIC MF Children Fund could not sustain its two-month stay in the top-rated club and slipped to the Three Star category. Similarly, FT India MIP could celebrate its entry into the Five Star category only for a month in its rating life of 21 months and slipped to the Four Star category.


Fund Families: How they Stack Up
AMC Name  *  **  ***  ****  *****
HDFC 3 6 9 5 4
Alliance Capital 1 1 5 2 3
Birla Sunlife 3 2 8 1 3
Franklin Templeton 1 4 7 11 3
Reliance Capital - 3 1 3 2
Sahara 2 1 - - 2
Taurus - 3 - 1 2
UTI Mutual Fund 1 9 12 8 2
BoB 2 - 4 - 1
Cholamandalam - 1 4 2 1
DSP ML - - 5 3 1
Escorts - - 4 1 1
Kotak Mahindra - 2 3 5 1
LIC - 5 4 1 1
Prudential ICICI 1 3 9 2 1
SBI 6 7 2 1 1
Tata TD 3 3 7 4 1
Benchmark - - 1 - -
Canbank 1 4 3 1 -
Deutsche 1 1 - 1 -
GIC 1 1 2 1 -
HSBC 1 - 1 1 -
ING Vysya 1 1 2 2 -
J M 1 1 3 5 -
Principal - 5 10 3 -
Standard Chartered 1 5 3 - -
Sundaram - 1 3 5 -
Data as on January 31, 2005