VR Logo

HDFC MF Maintains Lead

The fund house has six five-star funds. This month, the family of rated funds added sixteen more funds to their list. Of these, HDFC MIP Long-term and UTI MIS - Advantage Plan made to the five-star category straightaway

HDFC Mutual Fund dominates the list of Value Research top-rated funds once again. The fund house has to its credit six five-star funds. It has maintained this top slot for three months now. It accounts for nearly 18 per cent of the total five-star funds. It is closely followed by Franklin Templeton, Kotak Mahindra and Reliance-- all have four 5-star funds each. However, Franklin Templeton has maximum number of 4-star funds.



Fund Family: How They Stack Up
AMC Short Name  *  **  ***  ****  *****
HDFC 2 9 10 5 6
Franklin Templeton 4 3 9 9 4
Kotak Mahindra -- 3 4 2 4
Reliance -- 3 1 3 4
Prudential ICICI 1 3 7 6 3
UTI Mutual Fund -- 10 12 7 3
Birla Sunlife 2 4 5 3 2
Alliance Capital 1 -- 9 1 1
BoB 2 -- 2 1 1
Canbank 1 2 2 2 1
DSP ML -- -- 5 3 1
Escorts -- 2 3 -- 1
J M 1 4 1 5 1
LIC 3 4 3 -- 1
Sahara 1 2 1 -- 1
SBI 4 5 7 2 1
Benchmark -- -- 2 -- --
Cholamandalam 1 2 5 1 --
Deutsche -- 1 1 1 --
GIC 1 -- 2 1 --
HSBC 1 -- 2 1 --
ING Vysya 2 2 -- 3 --
Principal 2 3 7 7 --
Standard Chartered 1 3 5 -- --
Sundaram -- 2 3 7 --
Tata 3 4 10 3 --
Taurus 1 2 2 1 --


This month, the family of rated funds added sixteen more funds to their list. Of these two funds made to the five-star category straightaway: HDFC MIP Long-term and UTI MIS - Advantage Plan. Seven others got a four-star rating.

There were 32 upgrades and 31 downgrades this month, while 257 maintained a status quo. Six funds made it to the elite group of five-star funds. Eleven funds moved up the rating ladder from 3-star to 4-star. Franklin Templeton, Kotak Mahindra and SBI Mutual Fund boasted of three upgrades each this month.

Of the key downgrades, the noticeable were Chola MIP and DSPML Savings Plus Moderate which slipped down the rating ladder by two steps each. Chola MIP moved down to a 2-star rating while DSPML Savings Plus Moderate became a 3-star fund. Chola MIP, which was first rated in January 2005, has always hovered between a 4-star and 3-star rating. For the first time it has got rated as a 2-star fund. DSPML Savings Plus Moderate has never fallen below a 5-star rating, since the time it got rated. Its category beating returns on most occasions helped the fund stick to the 5-stars. Both these funds can attribute this downgrade largely to the fall in its return score, though they have reduced their risk steadily in the past few months. In July 2005, they under-performed the category by a maximum margin since their launch, which pushed them two steps down.

Others, which lost a single star each and lost their 5-star status were: Alliance Cash Manager Inst, DSPML GSF Longer Duration, FT India MIP, HDFC Children's Gift-Sav, HDFC Top 200 and Principal GSF Investment.

The following funds were pushed down to the lowest rating grade: Franklin India Taxshield '99, FT India Life Stage FoF 50s Plus, LIC MF Children's Fund, Principal PNB Debt and Templeton MIP-DM.



Fund  Ret 3 Mth  Ret 1 Yr  Ret Since Launch
Hybrid: Monthly Income      
HDFC MIP Long-term 6.10 15.85 11.65
UTI MIS - Advantage Plan  6.18 13.89 9.45
Hybrid: Equity-oriented      
HDFC Prudence 15.48 55.37 21.49
Kotak Balance 18.63 57.29 19.46
Hybrid: Debt-oriented      
Templeton India CAP-Gift 2.37 8.40 11.13
Templeton India Pension 7.29 21.38 15.81
Gilt: Short-term      
Birla Gilt Plus Liquid 1.32 5.43 9.08
Kotak Gilt Saving 1.73 5.81 8.10
Gilt: Medium & Long-term      
Kotak Gilt Investment Regular 2.06 5.11 13.00
Reliance Gilt Long-term 3.06 10.69 8.28
Templeton IGSF Long-term 2.25 4.83 12.57
UTI Gilt Advantage Long-term 2.72 5.57 10.36
Equity: Tax Planning      
Birla Taxplan '98 21.50 73.24 40.68
HDFC Long Term Advantage 18.37 72.43 46.82
HDFC Taxsaver 28.16 106.21 43.35
Equity: Index      
UTI Master Index 24.85 48.39 13.08
Equity: Diversified      
Alliance Basic Industries 12.93 48.60 28.66
Franklin India Prima 15.49 80.65 25.08
HDFC Equity 23.98 64.49 21.80
Magnum Contra 26.56 100.82 30.41
Reliance Growth 22.22 97.81 31.81
Reliance Vision 15.85 63.79 26.39
Debt: Ultra Short-term Institutional      
Kotak Liquid Institutional Premium 1.39 5.27 5.00
Prudential ICICI Liquid Inst Plus 1.40 5.27 5.02
Debt: Ultra Short-term      
HDFC Cash Mgmt Saving 1.37 5.12 6.95
LICMF Liquid 1.39 5.25 5.95
Sahara Liquid 1.35 5.17 5.72
Debt: Short-term      
Can Short-term 0.90 7.82 6.43
Reliance Short-term 1.57 5.98 6.29
Debt: Medium-term      
BoB Income 0.77 3.34 5.26
Escorts Income 1.02 4.76 10.94
Prudential ICICI Advisor-Very Cautious 1.34 5.08 4.66
Prudential ICICI Income LT 3.17 14.28 10.95
Debt: Floating Rate      
DSPML Floating Rate 1.40 5.49 5.15
JM Floater ST 1.39 5.34 5.13