Sunday
Top 10 India Equity Balanced Mutual Funds – May 2010
Here are Top 10 mutual funds in India for the month in the Equity Balanced category (See my previous post on FRPP
The list remains largely unchanged compared to previous month’s list (Top 10 India Equity Balanced Funds – March 2010). HDFC Prudence Fund has a significant strong lead over other balanced funds and is the pick of the lot. It’s also a very large fund in terms of assets and has been very consistent. Reliance RSF-Balanced, Kotak Balance Fund, and Sundaram Balanced Fund drop out of the top 10. They are replaced by UTI Balanced Fund, UTI Mahila Unit Scheme, Templeton India Balanced Fund.
| Rank | Fund Name – Equity Balanced | Assets (Rs. Cr) | NAV (14/5/2010) | 1- year Return (%) |
| 1 | HDFC Prudence Fund | 3,945.03 | 187.03 | 69 |
| 2 | Can Robeco Balance | 171 | 56.41 | 46.6 |
| 3 | Birla Sun Life 95 Fund | 277.8 | 282.23 | 52.8 |
| 4 | HDFC Balanced Fund | 157.22 | 47.91 | 55.4 |
| 5 | DSP-BR Balanced Fund | 678.31 | 60.81 | 49.8 |
| 6 | Tata Balanced Fund | 276.1 | 76.52 | 56.3 |
| 7 | SBI Magnum Balanced Fund | 539.15 | 48.07 | 40.2 |
| 8 | UTI Balanced Fund | 1,089.08 | 74.97 | 45.9 |
| 9 | UTI Mahila Unit Scheme | 194.31 | 19.61 | 21.1 |
| 10 | FT India Balanced Fund | 298.96 | 45.11 | 31.7 |
A total of 36 diversified equity mutual funds were used in the analysis. For reference purposes, SENSEX (1 year return – 43.1%) would have held the 8th rank, and NIFTY (1 year return – 41.7%) would have held the 10th rank.
Happy Investing!
Labels: Balanced Fund, Debt, Equity
by Admin at 07:50 |
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