Four Mutual Fund Schemes show positive return
March 15th, 2009
A compilation of annualised returns by Value Research shows only four equity diversified mutual fund schemes have given positive returns, With Sensex falling by over 8 per cent during this period it is a surprising growth that these four schemes have managed to perform in a positive way. The growth of these four recorded between 1 per cent and 2.57 per cent.
Mutual Fund
| Scheme,Returns,Sensex Returns |
|---|
| Sahara Growth Fund,1.13,-8.14 |
| ICICI Prudential Infrastructure Fund,2.57,-8.14 |
| DSP Black Rock Top 100 Equity Fund,1.01,-8.14 |
| Reliance Regular Savings Equity,1.75,-8.14 |
| Source: Value Research,, |
Those funds which have invested in non-Nifty, illiquid and high FII-ownership stocks have been affected the most, said Mr Sridhar.
While only four of the 137 equity diversified schemes gave positive returns, about 70 per cent of the equity diversified schemes have fared worse than both the Sensex and even their own benchmark indices.