Saturday
Top 10 India Fund-of-Funds Mutual Funds – April 2010
Here is Top 10 mutual funds in India in the Fund of Funds Mutual Funds category (See my previous post on FRPP
Fund of Funds is a investment fund that holds a portfolio of other mutual funds. They achieve greater diversification, but also tend to have greater redundancy and overheads. Birla has couple of asset allocation funds for aggressive and moderate investors. They have mapped to SENSEX returns pretty well and are in the top 10. Franklin Templeton ha a bunch of funds that have performed well. Most of these funds invest within their respective AMC, but some go across AMCs.
FT India Dynamic PE Ratio Fund of Funds (FTDPEF) has the largest assets in the top 10 fund of funds.
| Rank | Fund Name – Fund of Funds | Assets (Rs. Cr) | NAV (16/4/2010) | 1- year Return (%) |
| 1 | Birla SL AAF-Aggressive | 11.31 | 32.43 | 65.7 |
| 2 | FT (I) LS FOF - 20s Plan | 13.76 | 34.07 | 62.6 |
| 3 | Kotak Equity Fund of Fund | 52.91 | 35.19 | 68.6 |
| 4 | FT (I) Dyn. PE Ratio FOF | 463.75 | 37.44 | 42.3 |
| 5 | ICICI Pru AS- Very Aggressive | 8.25 | 32.36 | 56 |
| 6 | Birla SL AAF-Moderate Plan | 5.28 | 27.04 | 48.3 |
| 7 | ICICI Pru Advisor - Aggressive | 7.65 | 27.83 | 47.6 |
| 8 | FT (I) LS FOF - 30s Plan | 8.25 | 25.96 | 43.5 |
| 9 | FT (I) LS FOF - 40s Plan | 14.16 | 21.78 | 38 |
| 10 | ICICI Pru Advisor -Moderate | 7.67 | 23.22 | 36.5 |
A total of 90 hybrid mutual funds were used in the analysis. For reference purposes, SENSEX (1 year return – 60.7%) held the 6th rank, and NIFTY (1 year return – 56.2%) held the 8th rank.
Happy Investing!
Labels: Balanced Fund, FRPP, Fund Relative Strength, Mutual Funds
by Admin at 18:45 |
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