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/
Posts
