Sharekhan's top equity fund picks

Despite of the domestic and global concern the market recovered smartly. Last month, after remaining volatile in the first half, the market steadily climbed higher in the second half and ended the month with a gain of 9.1%. The bounce back in the mid-cap space has been all the stronger with some beaten-down quality stocks appreciating by 15-20% within a short time.

The March rally was built on excessive pessimism and the market positions tilted in favour of a bearish outcome. In such a scenario, the sudden reversal in the foreign inflows was more than enough to trigger a smart recovery in the benchmark indices. This clearly shows that it is not only difficult but also practically impossible to time the market. It is essential to exploit such opportunities to accumulate chosen stocks at attractive levels in the corrective phase rather getting carried away by all the noise.

Considering the volatile market, Sharekhan identifies the best equity-oriented schemes available in the market today based on the parameters like Past performance, Returns, Return ratios; like Sharpe ratio and Information ratio. etc

Conservative Funds/ Large-cap funds:

Birla Sun Life Frontline Equity Fund - Plan A, Franklin India Bluechip, Principal Large Cap Fund, DSP BlackRock Top 100 Equity Fund, Birla Sun Life Top 100

Balanced funds:

HDFC Prudence, HDFC Balanced, Reliance RSF

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