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December 26, 2005 13:00 IST
Last week the BSE Sensex closed at 9,257 points, a 28-point drop (-0.30 per cent) over last week. The S&P CNX Nifty ended the week at 2,805 (down 0.12 per cent), a 5-point fall week on week. The CNX Mid Cap index closed at 3,964 points, a marginal drop of 0.10% over the previous week. Leading Diversified Equity Funds| Diversified Equity Funds | NAV (Rs) | 1-Wk | 1-Yr | 3-Yr | 5-Yr | SD | SR | | TAURUS STARSHARE | 27.66 | 4.10% | 69.38% | 65.70% | 27.56% | 7.46% | 0.40% | | UTI VALUE FUND | 26.70 | 2.22% | 37.84% | 57.41% | 36.75% | 6.12% | 0.29% | | HDFC [Get Quote] TOP 200 | 79.23 | 1.92% | 57.93% | 67.07% | 39.99% | 6.15% | 0.37% | | HDFC CAPITAL BLD. | 51.70 | 1.85% | 51.59% | 69.06% | 34.33% | 5.61% | 0.49% | | HDFC CORE & SATELLITE | 18.61 | 1.81% | 57.07% | - | - | 4.72% | 0.78% |
(Source: Credence Analytics. NAV data as on December 23, 2005. Growth over 1-Yr is compounded annualised)Diversified equity funds put in a smart performance despite a downward trend in equity markets over the week. Taurus Starshare (4.10 per cent) stole the limelight from well-established funds like HDFC Top 200 (1.92 per cent) and HDFC Capital Builder (1.85 per cent), which featured third and fourth in the rankings respectively. As a matter of fact it was a bumper week for HDFC Mutual Fund as three of its equity funds featured in the weekly rankings. Large cap funds like HSBC Equity (0.64 per cnt) and Franklin Bluechip (-0.74 per cent) had contrasting weeks. Mid cap funds - Sundaram Select Midcap (1.51 per cent), Franklin Prima Fund (1.21 per cent) and Magnum Global Fund (1.13 per cent) had a good week considering the decline in the CNX Mid Cap index. This is that time of the year again when investors are interested solely in finalising their tax-saving options. And there are a lot of tax-saving options at the investor's disposal; enough to confuse even the informed investor. Then there are the revised tax laws in the form of Section 80C. So it's a whole new tax-saving scenario for the investor. This is where Personalfn comes in. The 2006 guide to Tax Planning has a view on each tax-saving instrument � right from PPF, NSC to tax-saving mutual funds and life insurance. Investing to save tax? Personalfn can help you. Leading Debt Funds| Debt Funds | NAV (Rs) | 1-Wk | 1-Mth | 6-Mth | 1-Yr | SD | SR | | TATA DYNAMIC BOND | 11.27 | 0.09% | 0.31% | 2.52% | 6.82% | 0.50% | -0.38% | | GRINDLAYS SUP. SAVER MTP | 10.98 | 0.08% | 0.25% | 2.17% | 5.03% | 0.41% | -0.72% | | SUNDARAM SELECT DEBT | 12.45 | 0.08% | 0.32% | 1.74% | 3.01% | 0.40% | -0.98% | | BOB INCOME | 12.06 | 0.08% | 0.27% | 1.49% | 3.47% | 0.49% | -0.39% | | KOTAK BOND DEP. | 17.60 | 0.07% | 0.28% | 2.13% | 4.29% | 0.69% | -0.46% |
(Source: Credence Analytics. NAV data as on December 23, 2005. Growth over 1-Yr is compounded annualised)The yield on the 7.38 per cent GOI paper was up marginally at 7.10 per cent over last week. Bond yields share an inverse relationship with bond prices. A rise in bond yields is accompanied by a fall in bond prices and debt fund NAVs. Over the week, debt funds from Tata Dynamic Bond (0.09 per cent) and Grindlays Super Saver MTP (0.08 per cent) dominated the rankings with two funds from each fund house featuring in the rankings. Leading Balanced Funds| Balanced Funds | NAV (Rs) | 1-Wk | 1-Yr | 3-Yr | 5-Yr | SD | SR | | HDFC PRUDENCE | 84.67 | 1.25% | 49.48% | 53.02% | 34.33% | 4.40% | 0.46% | | KOTAK BALANCE | 21.65 | 0.94% | 45.13% | 42.92% | 25.64% | 5.49% | 0.37% | | SUNDARAM BAL | 25.63 | 0.87% | 28.05% | 34.99% | 21.91% | 3.61% | 0.29% | | BOB BALANCED | 20.12 | 0.70% | 42.90% | - | - | 5.06% | 0.28% | | PRINCIPAL BALANCED | 17.92 | 0.45% | 31.19% | 36.67% | 19.04% | 4.50% | 0.28% |
(Source: Credence Analytics. NAV data as on December 23, 2005. Growth over 1-Yr is compounded annualised)Balanced funds had a lukewarm week considering the performance of debt and equity markets during the week. HDFC Prudence (1.25 per cent), the category leader, led the rankings. There are a lot of NFOs (new fund offer) on the anvil. Some of the large cap variety (SBI [Get Quote] Bluechip Fund), as also thematic funds (HSBC Advantage India Fund) and tax-saving funds/ELSS (equity-linked saving schemes) - Fidelity Tax Advantage Fund. Investing to save tax? Personalfn can help you. Click here!
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