Mutual funds outperform Sensex in first half of 2012

Mutual Funds seem to have made the most of the spurt in the stock markets in the first half of the calendar 2012. While the BSE Sensex rose by 12.8 per cent in the first six months, almost 80 per cent of the large mutual fund schemes outperformed the index.

A look at the performance of 50 mutual fund schemes with assets under management in excess of Rs 1,000 crore shows that 39 schemes have outperformed Sensex and eight schemes have generated returns in excess of 20 per cent in the six month period when the Sensex has grown by 12.8 per cent. 31 schemes have generated return in excess of 15 per cent.

While 11 schemes have underperformed the Sensex during the period none of them have generated a return of less than 10 per cent during the period.

Among the top 20 performers in the list, eight schemes are of Reliance Mutual Fund and three each are from HDFC MF and ICICI Prudential MF. Reliance Banking Fund has generated the highest return of 28.4 per cent in the list.

According to data from Value Research, mutual fund schemes in the banking and FMCG sectors have generated the highest average return of 24.8 per cent and 24.1 per cent respectively followed by the equity scheme in the medium and small cap segment with the average return of 18.6 per cent.

Source: www.indianexpress.com/news/mutual-funds-outperform-sensex-in-first-half-of-2012/970900/