Saturday, June 12, 2010

Top 10 Mutual Funds

Following is a list of top 10 mutual funds for 2010 based on their past and current performance (in no particular order):
Mutual FundComments
Birla Sun Life Frontline Equity A Gr
Done well in falling as well as rising markets. Takes selective exposures to mid-cap scrips
DSP BlackRock Top 100 Equity Gr
The year gone by was tough due to wrong cash calls and its large-cap mandate. Recovered in second half of 2009.
UTI Opportunities Gr
Follows a top-down strategy and focusses on 4-5 sectors at a time. Showed good fund management in 2009.
UTI Dividend Yield Gr
Was a bit late in deploying cash in 2009 but recovered. Picks companies with sustainable cash flows.
Tata Equity P/E Gr
Since the fund invests in scrips whose P-E multiple is less than that of Sensex, it diversifies in mid-cap scrips.
DSP BlackRock Equity Div5
Splits its portfolio between large- and mid-cap scrips. An alternative for actively-managed pure mid-cap funds.
HDFC MIP L/T Gr
Good pedigreed fund that has delivered consistent returns over a long term. Invests up to 25% in equities.
Reliance MIP Gr
Low expense ratio. Takes measured exposure to government securities. Prefers restricted exposure.
Birla Sun Life MIP Savings 5 Gr
Suffered in early 2009 on acccount of a exposure to government securities. Changed focus to suit retail investors.
Templeton India S/T Income Gr
One of the largest short-term funds and consistently limits its average maturity.


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