Top 5 mutual funds of the week


Bangalore: Planning to invest in mutual funds and confused which scheme to invest your money in? How about taking a look at today's top five mutual funds according to Mutual funds India. UTI Wealth Builder Fund - Series II - Growth is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market instruments. The fund manager of the scheme is Harsha Upadhyaya. The scheme was initiated on 17 December 2008. The scheme grew by 0.91 percent in the last one month and over the year the scheme grew by 12.19 percent. The latest Net Asset Value of the scheme is 20.07 as on 2 Aug 2011. The ratio P/E is 26.97 as on June 2011. The key holdings are ITC, Petronet Lng, Gujarat Ambuja Cements, Titan Industries, Housing Development Finance Corporation. Canara Robeco InDiGo Fund - Growth is an open ended scheme. The investment is to generate income from a portfolio constituted of debt & money market securities along with investments in Gold ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved. The fund manager of the scheme is Ritesh Jain. The latest Net Asset Value of the scheme is 11.09 as on 2 August 2011. The scheme grew by 2.53 percent in the last one month and over the year the scheme grew by 11.60 percent. Some of the key holdings are Benchmark Mutual Fund, Kotak Mahindra Mutual Fund, State Bank of Bikaner and Jaipur, Sesa Goa, State Bank of Hyderabad. HDFC Balanced Fund - Growth an open ended scheme whose primary objective is to generate capital appreciation along with current income form a combined portfolio of equity & equity related and debt & money market instruments. The fund managers of the scheme are Chirag Setalvad, Anand Laddha. The scheme was initiated on 11 September 2000. The fund size of the scheme as on 30 June 2011 is 351.07. The latest Net Asset Value of the scheme as on 2 August 2011 is 57.75. The scheme grew by 0.23 percent in the last one month and over the year the scheme grew by 11.07 percent. The ratio of P/E is 20.40 as on June 2011. Some of the key holdings are State Bank of Patiala, Tata Motors, Canara Bank, Bajaj Finance, Tata Consultancy Services. HDFC Multiple Yield Fund - Growth an open ended scheme with an investment objective to generate positive returns with very low risk of capital loss over medium time frame. The fund managers of the scheme are Vinay Kulkarni, Anand Laddha, Anil Bamboli. The scheme was initiated in 17 September 2004. The fund size of the scheme is 51.94 as on 30 June 2011. The latest Net Asset Value is 18.53 as on 2 August 2011. The scheme grew by 0.70 percent in the last one month and over the year the scheme grew by 8.05 percent. The ratio of P/E is 24.88 as on June 2011. Some of the key holdings are Corporation Bank, Bank of India, ICICI BANK, Mahindra & Mahindra Financial Services. Escorts Liquid Plan - Growth is an open ended scheme. The primary investment objective of the scheme is to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments. This income may be complemented by possible capital appreciation. The aim is to optimize returns while providing liquidity. Surabhi Chaddha is the fund manager of the scheme.The scheme was started in 3 October 2005. The fund size of the scheme is 31.62 as on 31 March 2011. The latest Net Asset Value is 15.39 as on 2 August 2011. The scheme grew by 0.87 percent in the last one month and over the year the scheme grew by 9.47 percent. Some of the key holdings are Religare Finvest, Edelweiss Capital, Future Capital Holdings, First Leasing Company of India, Everest Industries.