Reliance Regular Savings Equity Fund, ICICI Prudential Infrastructure Inst I and IDFC Premier Equity Fund are among the top ten open ended - equity: diversified mutual funds in India. According to Value Research, the top ten funds have given returns ranging from 6.97 per cent to 16.98 per cent during the last one year, while the NAV of the top fund stood at 19.91 as on August 27, 2008.Here is a look at the top 10 funds' performance during the last one year:
Reliance Regulars Saving Equity Fund
This open ended - equity: diversified fund is at the No 1 position in the Value Research's Top 10 list and has given 16.98 per cent return during the last one year while its return since launch is even higher at 23.20 per cent.According to Value Research, the fund's return grade is above average, while its risk grade is below average. NAV of the fund stood at 19.91 as on August 27, 2008.The primary investment objective of this option is to seek capital appreciation and/or to generate consistent returns by actively investing in equity and equity-related securities. It will invest at least 80 per cent of its assets in equity and equity related securities. Up to 20 per cent of its assets will be invested in debt and money market instruments with an average maturity of 5 to10 years.Arpit Malaviya and OmPrakash Kuckien are the fund managers.
ICICI Pru Infrastructure Inst 1
This fund, which was launched in March 2006, is at the No 2 position and has given one-year return of 13.10 per cent while its return since launch is higher at 21.78 per cent. The fund's NAV as on August 27, 2008 stood at 13.04.The scheme aims to invest in equity/equity related securities of the companies belonging to infrastructure development and the balance in debt securities and money market instruments including call money.Sankaran Naren is the fund manager.
IDFC Premier Equity Fund
Launched in September 2005, this fund has given a return of 11.14 per cent during the last one year while its return since launch is higher at 23.82 per cent. The fund's NAV as on August 27, 2008 stood at 18.67.The fund invests in small and medium-sized businesses in emerging segments or markets. It is suitable for investors with a high-risk appetite.Kenneth Andrade is the fund manager.
Templeton India Growth Fund
This fund was launched more than a decade ago in August 1996. Since then it has performed well, with return since launch being at 19.91 per cent. During the last one year, however, the fund has given 9.10 per cent return and its NAV as on August 27, 2008 stood at 79.15.TIGF is an open-end equity fund that invests primarily in the equity market with the objective of providing long-term capital appreciation towards meeting your long-term financial needs like a comfortable retired life or children's education.J Mark Mobius is the fund manager since 1996.
DWS Investment Opportunity Fund
Launched in January 2004, the fund's return since launch has been 27.08 per cent. During the last one year, however, the fund has given 8.94 per cent return and its NAV as on August 27, 2008 stood at 29.97.The objective of this fund is to generate capital appreciation on the portfolio over a long term by actively investing in different asset classes as per market conditions.Aniket Inamdar is the fund manager.
Baroda Pioneer Growth Fund
With return grade currently being above average and the risk grade being low, the Baroda Pioneer Growth fund has given 29.66 per cent return since its launch in September 2003. The past one year return has been at 8.76 per cent and its NAV as on August 27, 2008 stood at 36.51.The scheme aims to provide long term capital appreciation through a well researched portfolio comprising of equity, equity related instruments, money market instruments and debt securities.Dipak Acharya is the fund manager.
Sundaram BNP Paribas Select Focus Reg
This fund has given 37.83 per cent return since launch in July 2002. Last one year return, however, is lower at 8.35 per cent. Its NAV as on August 27, 2008 stood at 71.07. Return grade is high and risk grade is average.The scheme aims to generate capital appreciation by investing in a very few select stocks. It will generally hold stocks of 10 to 30 companies each with a market capitalisation of not less than Rs 500 crore.Srividhya Rajesh is the fund manager
DBS Chola Opportunities Fund
This fund has given 25.39 per cent return since launch in December 2003. Last one year return, however, is lower at 8.06 per cent. Its NAV as on August 27, 2008 stood at 33.13. Return grade is high and risk grade is average.The scheme aims mainly to generate long-term capital appreciation by investing in a universe of stocks, which will be identified using the fundamental analysis. The fund will invest in a portfolio of both value and growth stocks. The strategy will be to build up diversified portfolio of quality stocks, with medium to long term potential.Bajrang Kumar Bafna is the fund manager.
ING Dividend Yield Fund
Launched in October 2005, this fund has given 10.07 per cent return since launch. Last one year return, however, is even lower at 6.97 per cent and its NAV as on August 27, 2008 stood at 13.2. The fund is not rated yet.The investment objective of the scheme is to provide medium-to-long-term capital appreciation and / or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield.Manish Bhandari is the fund manager.