UTI Mutual Fund continues to manage the maximum number of five-star funds in May--of its 33 rated funds, seven command top rating. Another six funds are in the four-star category.
UTI Mutual Fund is followed by Prudential ICICI and Reliance mutual funds, both with five schemes in the top-rated category.
With four five star funds, HDFC Mutual Fund has more or less maintained its position. The fund house had another nine funds in the four-star category in May.
HDFC is followed by Canbank and SBI mutual funds, both with three schemes in the five-star category. One scheme of the Canbank made an exit from the five-star category in May. SBI improved its rating as it had only two schemes in the five-star category in April.
Franklin Templeton has added one fund in the five-star category in May. Templeton India Pension Plan is the new entry here to give company to Franklin India Prima.
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This article was originally published on June 05, 2006.
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