Thursday
Top 10 Short Term Debt Funds – March 2010
Here is the first edition of FRPP rankings in the Short-Term Debt Funds category (See previous post on FRPP).
There are basically two kinds of debt funds – income and gilt. Income funds invest in corporate instruments such as bonds, debentures, and fixed deposits. Gilt funds invest in government bonds. The performance of the short-term debt funds have been ranked in both categories. A total of 96 short term debt funds were used in the analysis. A total of 14 short term gilt funds were used in the analysis.
Short-Term Debt Funds
| FRPP Rank | Fund Name (Short Term Debt) | Assets (Rs. Cr.) | NAV (17/3/2010) | 1 year Return (%) |
| 1 | Canara Robeco Income | 223.36 | 19.39 | 7 |
| 2 | Fortis Flexi Debt Fund-RP | 365.45 | 15.89 | 9.5 |
| 3 | HDFC High Interest - STP | 1,946.07 | 18.35 | 8.9 |
| 4 | IDFC SSIF -MTP - RP A | 40.05 | 15.59 | 12.8 |
| 5 | HDFC Short Term Plan | 2,519.11 | 17.94 | 7.9 |
| 6 | ICICI Pru Short Term Plan | 678.19 | 19.02 | 7 |
| 7 | JM Short Term Plan | 16.48 | 17.96 | 6 |
| 8 | Sahara Income Fund | 5.01 | 17.59 | 6.9 |
| 9 | Reliance Short Term Fund | 2,832.49 | 17.35 | 7.9 |
| 10 | Kotak Bond-Short Term Plan | 788.92 | 17.7 | 8.1 |
Short-Term Gilt Funds
| FRPP Rank | Fund Name (Short Term Gilt) | Assets (Rs. Cr.) | NAV (17/3/2010) | 1 year Return (%) |
| 1 | IDFC GSec -Inv Plan -RP A | 19.16 | 17.3 | 2.1 |
| 2 | SBI Magnum Gilt - STP | 86.41 | 18.49 | 2 |
| 3 | Tata Gilt Sec - SMF | 278.29 | 14.8 | 1.3 |
| 4 | Kotak Gilt Savings Plan | 40.98 | 21.31 | 3.9 |
| 5 | UTI G-Sec Fund - STP | 67.81 | 13.74 | 2 |
| 6 | Templeton (I) Govt Sec -TP | 156.88 | 16.32 | 2.9 |
| 7 | Birla SL Gilt Plus-Liquid | 9.5 | 20.83 | 3.3 |
| 8 | Birla SL G-Sec - STF RP | 2.06 | 18.07 | 2.7 |
| 9 | IDFC GSec - STP -RP A | 1.67 | 13.77 | 1.9 |
| 10 | HSBC Gilt Fund - STP | 0.42 | 11.58 | 5.5 |
In the current environment, opting for short-term funds is a better strategy. See Times of India article.
Happy Investing!
Labels: Debt, FRPP, Fund Relative Strength, Mutual Funds, Short Term Debt, Short-Term
by Admin at 21:29 |
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