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SBI Magnum Sector Funds tops the MF table
By siliconindia
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Monday, 13 June 2011, 19:42 IST
Bangalore:This week's top five Mutual Fund schemes according to Mutual funds India are as follows: SBI Magnum Sector Funds, ICICI Prudential S.M.A.R.T fund,HDFC Balanced Fund, SBI Magnum MIP, Escorts Liquid Plan. Indian Mutual Fund industry offers a plethora of schemes and serves broadly all type of investors. Securing the top most position is SBI Magnum Sector Funds Umbrella - Emerge Buss Fund an open-end diversified equity fund.
SBI Magnum Sector Funds Umbrella - Emerge Buss Fund set off on Sep 17, 2004 aims at providing the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes: Information Technology, Pharmaceuticals, FMCG, Contrarian (investment in stocks currently out of favour) and Emerging Businesses. The investment objective of the Emerging Business Fund would be to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies. The fund may also evaluate emerging businesses with growth potential and domestic focus. The fund manager for this scheme is Rama Iyer Srinivasan. The latest NAV is reported to be 41.82 as on June 10, 2011. The dividend yield reported on May 2011 is 1.32. Some of the key holders are Page Industries, HDFC Bank, Hawkins Cooker.
ICICI Prudential S.M.A.R.T (Structured Methodology Aiming at Returns on Tenure) Fund - Series F, a closed ended Plan which seeks to invest in short term and medium term debt instruments with fixed and/or floating payouts linked to the equity indices normally maturing in line with the time profile of the scheme. Chaitanya Pande the fund manager of the scheme that was set off in Oct 20, 2008. 16.97 are the latest NAV as on Jun 8, 2011. Some of its holdings are Citicorp Finance, Sundaram Finance Services, and Deutsche Postbank Home Finance.
HDFC Balanced Fund was also listed among the top companies. The primary objective of the Scheme is to generate capital appreciation along with current income form a combined portfolio of equity & equity related and debt & money market instruments. Chirag Setalvad, Anand Laddha is the fund managers with the fund size being 297.79 as on May 31, 2011. 57.06 is the latest NAV as on Jun 10, 2011. And the dividend yielded is 1.21 as on May 2011. Tata Motors, Canara Bank, Bajaj Finance, Coal India are some of the key holdings of HDFC Balanced Fund.
SBI Magnum MIP: Floater grabbed a place in the list of top five mutual funding companies that was initiated on Dec 21, 2005. This company offers regular income, liquidity and attractive returns to investors in addition to extenuating the impact of interest rate risk through an actively administered portfolio of floating rate and fixed rate debt instruments, equity, money market instruments and derivatives. Sankar V B Chebiyyam is the fund manager. 13.50. The latest NAV as on Jun 10, 2011. The dividend yielded is 0.76 as on May 2011. The key holders are UCO Bank, Central Bank of India, Bank of India.
Escorts Liquid Plan a competitor that captured the fifth position is a primary investment whose objective of the scheme is to provide income and liquidity consistent with the discreet risk from a portfolio comprising of money market and debt instruments. This income may be complemented by possible capital appreciation. Started on Oct 3, 2005 with the aim to optimize returns while providing liquidity. Surabhi Chaddha is the fund manager and the fund size being 31.62 crore as on Mar 31, 2011. The latest NAV is 15.16 as on Jun 10, 2011. Some of its crucial holders are Religare Finvest, Edelweiss Capital, Future Capital Holdings.
