Bangalore: JM Telecom Sector Fund led the mutual fund schemes last week with a growth rate of 9.1053 percent. As on July 9, the net asset value (NAV) of the scheme was 8.21. JM Telecom Sector Fund is an Open ended Growth Scheme with the primary investment objective to invest predominantly in equity and equity related instruments in the Banking/Financial institution/NBFC and housing finance sectors and Telecom Sectors in India. Accordingly the NAV of the Schemes is linked to the equity performance of such companies. According to mutualfundsindia.com, other mutual funds which followed JM Telecom Sector Fund are ING Latin America Equity Fund - Growth, DSP BlackRock World Energy Fund - Institutional - Growth, DSP BlackRock World Energy Fund - Regular - Growth and Birla Sun Life Commodity Equities Fund - Gbl Agri - Retail - Growth with growth rates of 5.7377, 5.5707, 5.5633 and 5.5197 respectively. As on Jun 30, 2010, the fund size of the JM Telecom Sector Fund was 8.26 crore. Asit Bhandarkar is the Fund Manager of the scheme.