Sunday, September 12, 2010
Equity link saving schemes (ELSS) category of mutual funds emerged as the biggest gainers during the week ended Sep. 9, 2010 followed by equity-diversified funds and index funds.
NAVs of the ELSS funds category gained 3.04% in the week ended Sep.09, 2010.
Among the ELSS funds, Reliance Tax Saver (ELSS) Fund gained 4.33%, Reliance Equity Linked Saving Fund - Series 1 added 3.77%, Escorts Tax Plan rose 3.72%, DWS Tax Saving Fund climbed 3.50% and DSP BlackRock Tax Saver Fund gained 3.45%.
NAVs of the Equity-Diversified funds category gained 2.94% in the week ended Sep.09, 2010.
Among the Equity-Diversified funds, HSBC Small Cap Fund gained 7.32%, HSBC Midcap Equity Fund added 6.26%, DSP BlackRock Micro Cap Fund - Regular rose 5.65%, Sahara R.E.A.L. Fund climbed 5.63% and Birla Sun Life India Reforms Fund gained 5.47%.
NAVs of the Index funds category gained 2.86% in the week ended Sep.09, 2010.
Among the Index funds, HDFC Index Sensex Plus Plan gained 3.14%, HDFC Index Sensex Plan added 3.13%, LICMF Index Fund - Sensex Plan rose 3.13%, UTI Master Index Fund climbed 3.12% and Taurus Nifty Index Fund gained 3.12%.
NAVs of the Balanced funds category gained 1.96% in the week ended Sep.09, 2010.
Among the Balanced funds, ICICI Prudential Child Care Gift Plan gained 3.23%, Principal Child Benefits Fund-Career Builder added 3.12%, LICMF Systematic Asset Allocation Fund rose 3.01%, UTI Balanced Fund climbed 2.80% and Tata Smart Investment Plan - 1 - Scheme A gained 2.72%.
NAVs of the Debt funds category gained 0.12% in the week ended Sep.09, 2010.
Among the Debt funds, ICICI Prudential S M A R T Fund - Series G - Retail gained 3.87%, Birla Sun Life Equity Linked FMP - Series A - Retail added 3.73%, UTI CCP Advantage Fund rose 3.07%, Sundaram BNP Paribas Global Advantage Fund climbed 2.86% and DWS Fixed Term Fund - Series 50 - Plan A gained 2.86%.
All the sector fund categories gained during the week ended Sep.09, 2010. Among major gainers in the sector fund categories, were Bank (4.37%), Media and Entertainment (4.12%), TMT (3.9%), PSU (3.2%), Financial Services (3.13%), Auto (2.98%).
ELSS Funds Shine during the Week
Mutual Fund ELSS|Mutual Fund Gyan|