Which funds outperformed Sensex in Sept?

September 2007 was an awesome month for Indian equity market. It witnessed one of the fastest bull run wherein the benchmark indices conquered milestones one after the other at breakneck pace.

 

The BSE Sensex covered the journey from 16000 to 17000 in just six trading day. The Nifty also covered 1000 points journey to 5000 mark in record time of 253 days. So, how have mutual funds been performing in these outstanding bull markets?  

 

In the equity-diversified category 28 funds out of the 186 funds outperformed both BSE Sensex and NSE Nifty, while 32 funds outperformed the Nifty. The BSE Sensex gained 15.3% during the last one month, and the Nifty gained 15.2%. In the equity tax saving category, five scheme out-performed the broader indices. 

 

Among diversified schemes, Sundaram S.M.I.L.E Fund (G), Taurus Discovery Fund , Sundaram Equity Multiplier (G)  and Sundaram Select Focus (G) were top performers. However UTI India Lifestyle Fund(G), DBS Chola Global Advantage (G), and Franklin (I) Smaller Co's (G) under-performed the markets by highest margins. 

 

Mutual Fund - Gainers & Losers

 

Among equity tax saving schemes, Taurus Libra Tax Shield (up 20.7%), Sundaram Tax Saver (up 18.2%), Escorts Tax Plan (up 16.4%), Birla Tax Relief 96 (up 16.3%), and DWS Tax Saving Fund (up 15.7%) were the out-performers, while JM Equity Tax Saver - Sr I (up 8.4%), HDFC Long Term Advantage (up 9.4%) and ING Tax Saving (up 9.9%) gained the least. 

 

Top Gainers - Absolute Returns (as on Sept 28, 2007)
Mutual Fund Scheme	Asset (cr)	NAV	1 mth (%)
Sundaram S.M.I.L.E Fund (G)	178.9	24.51	20.9
Taurus Discovery Fund	25.8	21.73	20.3
Sundaram Equity Multiplier (G)	615.9	13.1	20.1
Sundaram Select Focus (G)	340.3	80.24	19.8
SBI Magnum Comma Fund (G)	435.3	21.89	19.6
Sundaram Leadership Fund (G)	201.5	37.62	19.0
Sundaram Growth Fund (G)	166.92	87.06	18.0
ABN Amro Equity Fund (G)	258.9	35.37	17.2
Templeton (I) Growth Fund (G)	325.1	86.84	17.0
DWS Inv Opp. Fund (G)	14.2	32.75	17.0
Least Gainers - Absolute Returns (as on Sept 28, 2007)
Mutual Fund Scheme	Asset (cr)	NAV	1 mth (%)
Kotak Mid-Cap Fund (G)	275.6	24.29	8.6
Tata Equity Management (G)	346.1	12.19	8.5
HDFC Mid-Cap Opportunities (G)	1,353.2	10.83	8.2
HDFC Long Term Equity Fund (G)	1,480.8	12.9	8.1
CanEmerging Equities (G)	16.3	20.3	7.8
Birla India Opportunities (G)	77.9	54.55	7.5
ICICI Pru Emerging S.T.A.R.(G)	925.2	34.3	7.3
ICICI Pru Fusion Fund (G)	702.9	14.96	7.0
Franklin (I) Smaller Co's (G)	1,101.0	12.88	6.8
DBS Chola Global Advantage (G)	18.6	14.87	6.7
UTI India Lifestyle Fund(G)	1,043.4	10.37	3.3