Friends, we all saw equity markets diving about 3.5% in May, its first monthly decline since January. As I saw this, I wondered what would be the scene in mutual funds and did some analysis. Results, as expected, showed that all the equity markets based mutual funds resulted in negative yield for the month of May. Debt funds (both short term and Long to medium term) as well as Gilt funds yielded good returns with top funds in both the categories giving 35 and 40% returns respectively. I would lile to share the names of some top mutual funds (as per 1 month yield as on May 26) for selected types of funds with you which might help you in investing your money in mutual funds accordingly-

Type Fund / Benchmarks AUM (Rs. Cr) NAV (Rs) Yield       (1 Month)
Large Cap JM Large Cap 5 17.19 -3.32
Principal Large Cap 474 25.42 -4.04
Quantum Long Term Equity 53 18.69 -4.55
General Equity Benchmark Equity & Derivative Opportunities 40 11.53 0.35
Templeton India Pension 202 54.54 -1.84
FT India Dynamic PE Ratio FoF 556 36.69 -2.43
Capex Infrastructure Canara Robeco Infrastructure 177 20.87 -5.78
Principal Services Industries 123 13.39 -5.97
HDFC Infrastructure 1539 10.87 -6.21
Tax Saving Schemes Fidelity Tax Advantage 1162 18.83 -3.78
HDFC Taxsaver 2470 201.14 -4.18
Religare Tax Plan 100 15.37 -4.65
Balanced-Equity Oriented HDFC Prudence 3945 184.32 -1.75
UTI CCP Balanced 2831 14.28 -2.15
HDFC Balanced 157 47.22 -2.53
MIP – Moderate DWS Twin Advantage 249 15.7 0.45
DSPBR Savings Manager Moderate 157 19.01 0.16
Magnum Income Plus Inv 161 15.6 -0.13
Debt  (Medium-to-long-term) Kotak Bond Deposit 165 25.36 35.22
IDFC Dynamic Bond Plan A 130 18.46 28.31
JP Morgan India Active Bond Retail 9 10.63 20.45
Debt Short Term JM Short-term Reg 16 18.2 8.45
Canara Robeco Short Term Ret 270 10.71 6.98
Taurus Short Term Income 14 1570.64 6.39
Gilt Funds Birla Sun Life GSF Long-term 48 27.38 40.15
DSPBR Government Securities 68 32.57 31.65
IDFC GSF Investment Plan A 12 17.72 29.67

In terms of market size,  Reliance MF was the market leader managing Rs 118,973 cr accounting for about 14.8% of the total Asset Under Management (AUM) of the MF industry. Reliance was follwed by HDFC and ICICI Prudential MF. Total AUM of the industry was Rs 803,559 cr.

Hope this analysis will be useful to you. In case you have any suggestions to improve this article please write in to us…happy investing…

Author:Praveen Bajaj

Related posts:

  1. Mistakes Mutual Fund Investors Must Avoid
  2. ULIPs or Mutual Funds – Comparison
  3. Mutual Fund For Rural India