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The India growth story continued to fuel the rally in the stock markets with the BSE Sensex scaling new highs during August 2005. The markets witnessed volatility during the month before ending the month at 7805.43 delivering returns of 2.23 per cent during the month. The midcaps continued to outperform the large caps with the CNX Midcap Index ending the month at 3663.05 delivering returns of 7.46 per cent during the month. The debt markets remained range bound in the absence of any major positive news other than the comfortable liquidity position. The major concern for the debt markets remain the surge in oil prices which have crossed the $70 a barrel during August 2005. The equity funds category benchmark, the CRISIL Fund~eX, generated a return of 59.41 per cent for the year-ended August 2005, with the top performers being: -
SBI Magnum Global Fund remained top performer at CRISIL~RRR 1 in the category.
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SBI Magnum Sector Umbrella - Contra Fund: CRISIL~RRR 2
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Sundaram Select Midcap Fund: CRISIL~RRR 3. In the software sector category: The income funds benchmark, the CRISIL Fund~dX, generated returns of 4.78 per cent for the year-ended August 2005. The top three schemes in the income funds category were: -
UTI Bond Fund at CRISIL~RRR 1
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Tata Income Fund - Appreciation: CRISIL~RRR 2
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HDFC High Interest Fund - Growth: CRISIL~RRR 3. In the Debt (Short term) category: -
ยท Reliance Short Term Fund - Growth was at CRISIL~RRR 1
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Kotak Bond Short Term Plan: CRISIL~RRR 2
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Principal Income Fund Short Term Plan: CRISIL~RRR 3.
The CRISIL STBEX, the benchmark for short-term income funds, generated returns of 4.92 per cent for the year-ended August 2005. The balanced fund category benchmark, the CRISIL Fund~bX, generated returns of 44.07 per cent for the year-ended August 2005. -
HDFC Prudence Fund: CRISIL~RRR 1
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SBI Magnum Balanced Fund: CRISIL~RRR 2
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Tata Balanced Fund: CRISIL~RRR 3. The liquid fund category benchmark, the CRISIL~LX, generated returns of 4.94 per cent for the year-ended August 2005. -
Sahara Liquid Fund continued to top the charts at CRISIL~RRR 1,
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Alliance Cash Manager: CRISIL~RRR 2
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Sundaram Money Fund: CRISIL~RRR 3.
In the floating rate fund category: -
JM Floater Fund - Short Term Plan: continued at CRISIL~RRR 1
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HDFC Floating Rate Income Fund - Short Term Plan: continued at CRISIL~RRR 2
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Kotak Floater - Short Term: was at CRISIL~RRR 3. In the gilt-long category: | CRISIL Risk-Adjusted Return Ranking for the period ended August 31, 2005. | | General Equity Funds | CRISIL RRR for Aug 05 | CRISIL RRR for July 05 | | SBI Magnum Global Fund | 1 | 1 | | SBI Magnum Sector Umbrella - Contra Fund | 2 | 6 | | Sundaram Select Midcap - Growth | 3 | 2 | | Balanced | | | | HDFC Prudence Fund - Growth | 1 | 2 | | SBI Magnum Balanced Fund - Dividend | 2 | 1 | | Tata Balanced Fund - Growth | 3 | 3 | | Sector Funds | | | | Birla India Opportunities Fund - Plan B - Growth | 1 | 1 | | Prudential ICICI Technology Fund - Growth | 2 | 2 | | SBI Magnum Sector Umbrella - Infotech Fund | 3 | 4 | | Income Funds | | | | UTI Bond Fund - Growth | 1 | 1 | | Tata Income Fund - Appreciation | 2 | 2 | | HDFC High Interest Fund - Growth | 3 | 4 | | Debt-Short Term | | | | Reliance Short Term Fund - Growth | 1 | 7 | | Kotak Bond Short Term Plan - Growth | 2 | 1 | | Principal Income Fund - Short Term Plan - Growth | 3 | 4 | | Monthly Income Plan (MIP) | | | | Principal MIP - Growth Accumulation Plan | 1 | 1 | | Tata Monthly Income Fund - Appreciation | 2 | 2 | | HDFC Monthly Income Plan - STP - Growth | 3 | 3 | | Gilt-Long | | | | Sahara Gilt Fund - Growth | 1 | 5 | | Principal G-Sec Fund - PF Plan - Growth | 2 | 3 | | Prudential ICICI Gilt - Investment - Growth | 3 | 6 | | Index | | | | UTI Nifty Index Fund - Growth | 1 | 1 | | UTI Master Index Fund - Growth | 2 | 2 | | Franklin India Index Fund - NSE Nifty Plan - Dividend | 3 | 3 | | Floating Rate Funds | | | | JM Floater Fund - Short Term Plan - Growth | 1 | 1 | | HDFC Floating Rate Income Fund - Short Term Plan - Growth | 2 | 2 | | Kotak Floater - Short Term - Growth | 3 | 5 | | | One Year | Six months | Three months | | Liquid Funds | Aug 05 | July 05 | Aug 05 | July 05 | Aug 05 | July 05 | | Sahara Liquid Fund - Growth | 1 | 1 | 13 | 12 | 12 | 21 | | Alliance Cash Manager - Growth | 2 | 2 | 8 | 9 | 4 | 2 | | Sundaram Money Fund - Growth | 3 | 4 | 1 | 1 | 5 | 7 |
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