115 Equity mutual funds outperformed Sensex

Equity mutual funds as a class posted an average return of 25.75%, under performing the Sensex return of 26.65%, over the one-year period ended 1 February 2008. Of the 255 equity schemes, 124 exceeded the category average of 25.75% in the one-year period, while 115 outperformed the Sensex that is posted 26.65%. The topper was Reliance Diversified Power Sector (G) with 92.77% return. In the equity category, the diversified categories and tax planning outperformed the Sensex, giving a category average of 27.39% and 27.62%, respectively while Mid cap under performed the Sensex by recording 25.08% category average during the same time period. In the equity diversified category, out of the 138 schemes, 64 exceeded the category average of 27.39%, while 69 outperformed the Sensex return of 26.65%, over the one-year period ended 1 February 2008. Stan Chart Premier Equity Fund with growth option ranked the first position, with 64.57% return, followed by Reliance Regular Savings Fund - Equity (G) with 62.39% return. DWS Investment Opportunity Fund (G) secures the third position with 57.59% in 1-year period.

In the mid-cap segment, Sahara Midcap Fund (G) the topper, with 40.32% return, exceeding the category average of 25.08%, followed by Birla Midcap Fund (G) with 40.14% return. Out of 24 schemes, only four schemes has outperformed the CNX Midcap index, which has posted 36.64% returns in 1-year period.

ICICI Pru FMCG Fund - (G) was the topper in the FMCG category, with 20.97% return, outperforming the category average of 13.08% and out performing the BSE FMCG index with 15.86% returns.

In the Tax-planning category, of the 33 schemes, 16 outperformed the category average of 27.62%. Taurus Libra Tax shield Scheme, with 58.64% return, stood at the top position.

In the Pharma segment, of the five schemes, only one exceeded the category average which had negative returns of 5.70%. Only Reliance Pharma Fund (G) posted positive returns of 11.65% while remaining four schemes followed it with negative returns. All five schemes underperformed the Sensex return of 26.65%.