MONTHLY MONITOR

Balanced funds lived up to their name and offered widespread returns while the peak payout was in tax funds

EQUITY DIVERSIFIED
Except for Magnum Global, returns for most funds in the last six months were in double digits

Returns in %

Fund Name NAV (Rs) 6-month 1-yr
Magnum Global 48.98 5.2 56.94
Magnum Contra 44.64 14.81 52.77
Sundaram Sel. Mcap 103.83 8.79 40.6
Taurus Starshare 48.98 12.13 70.37
Magnum Multiplr Plus 62.59 11.91 56.51

BALANCED FUNDS
Average returns were good with both Tata and Escorts offering more than 12 per cent in the last six months

Returns in %

Fund Name NAV (Rs) 6-month 1-yr
Magnum Balanced 39.76 10.29 37.53
HDFC Prudence 128.99 10.75 44.48
Kotak Balance 26.51 9.91 29.31
Tata Balanced 57.88 13.2 43
Escorts Balanced 53.42 12.44 33.98

TAX PLANNING FUNDS
Barring Principal Tax, which gave the highest return, most funds seem slower compared to diversified funds

Returns in %

Fund Name NAV (Rs) 6-month 1-yr
Magnum Taxgain 50.33 9.4 52.19
HDFC Taxsaver 160.17 6.45 38.15
Sundaram BNP Paribas 30.84 5.67 49.01
Principal Tax Savings 94.28 19.86 69.13
ICICI Prudential Tax Plan 96.89 1.01 31.5

BULLIONAIRE CORNER
Returns remained negative on all that glittered

Time Period Gold Silver
3 months -6.98% -9.79%
6 months -2.75% -7.23%
1 year -13.77% -2.34%
Returns up to 1 year are absolute
Source: Valueresearchonline

FIXED DEPOSIT
Bank fixed deposits continued to give good returns

Bank Tenure Interest rate (%)

ICICI Bank 390-890 days 9.50
Kotak Mahindra 1-2 year 9.0
2-3 year 9.25
3-5 year 9.5
UCO Bank 1-3 year 9.25
3-5 year 9.0
UTI Bank 1-2 year 9.50
2-3 year 9.0
IDBI Bank 360-800 days 9.50
Allahabad Bank 1-2 year 9.00
2-3 year 9.25

Index