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Top 10 India Equity Diversified Funds – April 2010


Here are Top 10 mutual funds in India for the month in the Equity Diversified category (See my previous post on FRPP).  The ranking in based on a number of parameters and values consistency in performance over a 3 year period rather than based on one number. Any fund in the top 20 is considered a good fund and rankings only reflect their relative performance.

The list remains largely unchanged compared to previous month’s list (Top 10 India Equity Diversified Funds – March 2010). Tata Equity P/E fund drops out of the top 10, and DSP-Blackrock Equity Fund takes the 10th spot.




Rank

Fund Name (Equity Diversified)

Assets
(Rs. Cr)

NAV (2/4/2010)

1 year Return (%)

1 ICICI Prudential Discovery Fund 774.28 43.38 150.2
2 Birla Sun Life Midcap Fund 1,395.81 106.58 143.2
3 Sundaram Select Midcap 1,868.75 135.68 130.8
4 HDFC Equity Fund 5,631.98 238.33 109.8
5 Reliance Growth Fund 6,733.41 439.2 108.6
6 Reliance Equity Opportunities 1,854.76 31.09 127.4
7 Sundaram S.M.I.L.E Fund 565.41 31.26 121.4
8 Templeton (I) Growth Fund 483.77 114.47 100.3
9 HDFC Top 200 Fund 6,485.47 184.92 91.2
10 DSP-BR Equity Fund 1,696.90 46.99 88

A total of 264 diversified equity mutual funds were used in the analysis. For reference purposes, SENSEX (1 year return – 78.7%) held the 64th rank, and NIFTY (1 year return – 72.9%) held the 76th rank.

The next 10 best funds are given below. While UTI Master Value Fund, L&T Midcap Fund, and Sahara Midcap Fund have good 1-year returns, they have been relatively less consistent than HDFC 200 Fund and ICICI Prudential Dynamic Plan over a 3-year period.

 

The next 10

Fund Name (Equity Diversified)

Assets
(Rs. Cr)

NAV (2/4/2010)

1 year Return (%)

11 Tata Equity P/E Fund 402.35 44.05 100.1
12 ICICI Pru Dynamic Plan 1,920.25 95.6 84.9
13 HDFC Core & Satellite Fund 400.92 36.19 116.6
14 Sahara Midcap Fund 9.6 27.81 127.5
15 Birla SL Dividend Yield 348.94 72.87 102.6
16 Birla SL Frontline Equity 1,789.57 80.76 92.4
17 UTI Dividend Yield Fund 1,794.22 28.32 85.5
18 Can Robeco Equity Diversified 290.13 49.94 100.1
19 UTI Master Value Fund 419.6 44.89 125.5
20 L & T Midcap Fund 23.66 37.51 128

 

Happy Investing!

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