UTI Mutual Fund has topped the chart of CRISIL Fund Rank 1 schemes with 7 of their funds in the top cluster as per the latest CRISIL Mutual Fund Rankings for the quarter ended March 2013. This was followed by SBI Mutual Fund with 6 funds. The CRISIL data shows that BNP Paribas Equity Fund, Quantum Long Term Equity Fund UTI India Lifestyle Fund and UTI Opportunity Fund have taken the top position in the large cap equity fund while IDFC Dynamic Bond Fund, SBI Dynamic Bond Fund and SBI Magnum Income Fund have occupied leading positions in long term income funds.
CRISIL MF ranking uses a combination of NAV and portfolio attributes for evaluation. Based on various factors like risk, returns, asset concentration, liquidity, asset quality asset size and long term consistency in performance, CRISIL has given ranking by assigning them on a scale ranges between Rank 1 to Rank 5. In any peer group, the top 10 percentile of funds are ranked CRISIL Fund Rank 1 and the next 20 percentile are ranked CRISIL Fund Rank 2.
The rankings saw 46 out of 470 funds in the top cluster followed by 93 funds in the second cluster. During the quarter under review, top ranked funds from large cap, diversified and small & mid-cap categories beat their benchmarks on the back of allocations in information technology (IT), telecom and fast moving consumer goods (FMCG), says a CRISIL release.
|
Category |
Scheme Name |
|
Large Cap-oriented Equity Funds |
BNP Paribas Equity Fund, Quantum Long-Term Equity Fund, UTI India Lifestyle Fund and UTI Opportunities Fund. |
|
Long Term Income Fund |
IDFC Dynamic Bond Fund, SBI Dynamic Bond Fund and SBI Magnum Income Fund. |
|
Short Term Income Fund |
Birla Sun Life Short Term Fund, HDFC Short Term Opportunities Fund, HSBC Income Fund - Short Term Plan and Sundaram Flexible Fund - Short Term Plan. |
|
Diversified Equity Funds |
Birla Sun Life India GenNext Fund, UTI MNC Fund, Mirae Asset India Opportunities Fund, Reliance Equity Opportunities Fund and Tata Ethical Fund. |
|
Ultra Short Term Debt Funds |
ICICI Prudential Flexible Income Plan, JPMorgan India Treasury Fund, Reliance Money Manager Fund and Religare Credit Opportunities Fund. |
|
Thematic Infrastructure Funds |
DSP BlackRock India T.I.G.E.R. Fund |
|
Small an d Mid-Cap Equity Funds |
Birla Sun Life MNC Fund, SBI Emerging Businesses Fund and SBI Magnum Global Fund. |
|
Liquid Funds |
Axis Liquid Fund, BARODA PIONEER Liquid Fund, ICICI Prudential Liquid Plan and LIC NOMURA MF Liquid Fund |
|
Equity Linked Savings Scheme (ELSS) |
Axis Long Term Equity Fund and BNP Paribas Tax Advantage Plan |
|
Consistent Performers Equity Funds |
Birla Sun Life India GenNext Fund, ICICI Prudential Discovery Fund, IDFC Premier Equity Fund, L&T Equity Fund, Reliance Equity Opportunities Fund, SBI Emerging Businesses Fund, UTI Equity Fund, UTI Opportunities Fund and UTI Dividend Yield Fund. |
|
Balance Funds |
ICICI Prudential Balanced Fund |
|
Index Funds |
Kotak Nifty ETF |
|
Monthly Income Plan Aggressive |
Kotak Monthly Income Plan |
|
Monthly Income Plan Conservative |
SBI Magnum Monthly Income Plan |
|
Consistent Performers Balance Funds |
HDFC Prudence Fund |
|
Long Term Gilt Funds |
IDFC G Sec Fund - Investment Plan |
|
Consistent Performers- Debt Fund |
UTI Bond Fund |
