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Sunday, September 12, 2010

ELSS Funds Shine during the Week

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.

ELSS 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%.

Equity-Diversified Funds

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%.

Index Funds

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%.

Balanced Funds

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%.

Debt Funds

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%.

Sector Funds

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%).