Fundsupermart releases an analysis which shows that funds find it difficult to retain their top rankings
Fundsupermart, an online distributor of mutual funds has recently completed an analysis of the data of top-five mutual funds which reveals that no specific theme or fund has consistently figured in the top-five list as on October 30, 2011. Further, the ten year performance chart shows that there is a complete change in mutual fund in recent years.
The top five funds over ten year period are - Reliance Growth (37.54 percent return) and Vision (33.99 percent) funds, Franklin India Prima Fund (31.7 percent), HDFC Equity Fund (31.59 percent) and HDFC Top 200 Fund (31.58 percent). But they none of them are among the top five in terms of performance in one, three or five year period.
Another thing highlighted by this analysis is that few sectoral funds like FMCG, gold and pharma have delivered good performance. For instance, in the three-year category, Reliance's Pharma Fund comes on top with a 49.55 percent return. AIG World Gold is second with 47.83 percent. DSP BlackRock World Gold Fund, ICICI Prudential Discovery and Mirae Asset India Opportunities Fund are next with returns ranging from 47.06 percent to 41.17 percent.
In the one-year category, ICICI Prudential FMCG fund with an annualised return of 17.72 percent comes on top followed by Canara Robeco Indigo (16.35 percent). The others are DSP BlackRock World Energy Fund, DSP BlackRock World Gold Fund and AIG World Gold with returns I the range of 15.71 percent to 12.88 percent.
Equity funds have also given good returns whether in lump sum or SIP. IDFC Premier Equity Fund is on top of the five-year toppers list with a return of 23.04 percent. HDFC Mutual Fund's two top equity schemes - Top 200 and Equity - are rather surprising. While Equity Fund's one-year SIP has given an annualised return of -23.54 percent, the return over three years is 16.36 percent and over five years is 12.47 percent. The Top 200 Fund SIP's return over one year is -21.60 percent, over three years 13.07 percent and five years is 11.41 percent.
The volatility in the capital market has made it difficult for investors to take long term decisions as the performance of the funds are not consistent. The investors need advisors to keep a tab on their investment from time-to time so that they earn the best return out of their investment.
