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Reliance Funds Rule Star Ratings

As per the revised list of the Value Research Top-rated Funds released for April 2005, five funds have lost their five-star tags. New entrants include four first timers

As per the revised list of the Value Research Top-rated Funds released for April 2005, Reliance Capital Mutual Fund has the maximum number of five-star rated funds. The funds house boasts of having four top-rated funds.



Fund Families: How they Stack Up
AMC Name  *  **  ***  ****  *****
Reliance Capital - 3 2 - 4
Franklin Templeton 2 4 9 10 3
HDFC 2 9 8 5 3
Birla Sunlife 2 1 9 2 2
Canbank 1 2 1 2 2
J M 1 4 1 3 2
Prudential ICICI 1 2 8 5 2
UTI Mutual Fund 3 8 14 10 2
Alliance Capital 1 2 5 3 1
BoB 1 - 2 1 1
Cholamandalam 1 1 4 1 1
DSP ML - 1 2 5 1
Escorts - 1 4 - 1
Kotak Mahindra - 2 5 3 1
LIC 2 4 2 1 1
Sahara 1 2 1 - 1
SBI 2 8 4 1 1
Tata 2 4 6 5 1
Benchmark - - 2 - -
Deutsche 1 - 1 1 -
GIC 1 - 2 1 -
HSBC 1 1 1 - -
ING Vysya 2 2 1 2 -
Principal 1 4 7 6 -
Standard Chartered - 5 4 - -
Sundaram - 2 4 3 -


Reliance is closely followed by Franklin Templeton and HDFC Mutual Fund with three five-star rated funds.

Franklin Templeton Mutual Fund still has maximum number (13) of five- and four-star funds taken together.

UTI Mutual Fund is the next with 12 such funds. The fund house saw its four-star rated funds jump impressively from six in the previous month to 10 in April.

In April, five funds lost their five-star tags. Of the five funds that gained entry into the elite group, four are first timers.

UTI MEP '98 made way for Birla Taxplan '98. Other funds that gained entry included Can Short-term, JM Floater ST, Prudential ICICI Liquid Inst Plus and Reliance Income.

Those who lost their top ratings include UTI MEP '98, Alliance Cash Manager Inst, DSPML Floating Rate, Libra Bond and Prudential ICICI Short-term.

Birla Taxplan '98's history of consistent five-star rating dates back to January 2003. It had lost its top rating in March only.

Can Short-term, JM Floater ST, Prudential ICICI Liquid Inst Plus and Reliance Income have been rated as five-star funds for the first time.

Prudential ICICI Liquid Inst Plus has started its rating life from the elite group. Can Short-term managed it in the second month, while JM Floater ST joined the elite club in the fifth month. The latter two were rated four-star prior to this month.



Five Star Funds
Debt: Floating Rate  Ret 3 Mth  Ret 1 Yr  Ret Since Launch    
JM Floater ST 1.28 5.08 5.06
Debt: Medium-term      
BoB Income 1.06 3.03 5.44
Escorts Income 1.39 4.04 11.20
Prudential ICICI Income LT 2.42 10.26 10.77
Reliance Income 1.38 2.04 10.73
Debt: Short-term      
Can Short-term 4.09 8.05 6.87
Reliance Short-term 1.59 5.23 6.28
Debt: Ultra Short-term      
Canliquid Retail 1.27 4.85 5.93
LICMF Liquid 1.27 5.03 5.97
Sahara Liquid 1.25 4.93 5.74
Debt: Ultra Short-term Institutional      
Prudential ICICI Liquid Inst Plus 1.28 4.99 4.92
Equity: Diversified      
Alliance Basic Industries -0.11 15.18 27.26
Franklin India Prima 8.42 50.50 24.13
Magnum Contra 8.35 57.86 26.69
Reliance Growth 10.22 53.43 30.02
Reliance Vision 4.26 31.77 25.23
Tata Growth 4.76 36.12 6.72
Equity: Index      
UTI Nifty Index -7.59 7.59 3.56
Equity: Tax Planning      
Birla Taxplan '98 2.47 34.59 38.54
HDFC Long Term Advantage  5.12 47.79 44.41
HDFC Taxsaver 8.23 59.63 40.89
Gilt: Medium & Long-term      
Chola Gilt Investment 0.55 -1.24 12.23
Templeton IGSF Long-term 1.22 0.04 12.82
UTI Gilt Advantage Long-term 1.16 -1.41 10.29
Gilt: Short-term      
Birla Gilt Plus Liquid 1.31 4.70 9.26
Kotak Gilt Saving 1.07 5.00 8.14
Hybrid: Debt-oriented      
Templeton India Pension 0.63 11.31 15.33
Hybrid: Equity-oriented      
HDFC Prudence 7.05 27.22 20.47
JM Balanced 0.00 10.14 13.70
Hybrid: Monthly Income