document.writeln("

FMCG funds lead the pack
Kolkata: Equity funds focused on the fast moving consumer goods industry continue to consolidate their lead over the rest of the equity schemes. The leading scheme continues to be Prudential ICICI's FMCG fund which is leading the pack with a one-year return of 86 per cent. These returns are significantly higher than the sector average of 65 per cent.

Other FMCG funds, offered by the likes of Franklin Templeton MF and SBI MF, are all well ahead of their nearest rivals with a little over 52 per cent returns to their credit.

The diversified equity funds, and sector-specific funds aimed at technology and auto/auto ancillaries, as on May 30, have delivered about 49 per cent and 47 per cent respectively during the past year.

For the FMCG funds returns over the past six months and three months stood at 23.83 per cent and 11.68 per cent respectively.
Back to News Review index page  

IOC bond issue raises Rs1,000 crore
New Delhi: IOC has raised Rs1,000 crore through a bond issue in less than two working days. The Rs1,000-crore secured redeemable non-convertible bond issue opened for subscription on private placement basis on May 30 but was able to garner commitment of about Rs2,400 crore from investors within two days of its opening, IOC said in a statement.

"The issue was well received by all the segments of institutional investors, particularly banks, mutual funds, insurance companies and others. Within two days of issue opening, IOC pre-closed the issue on May 31 at a cut-off coupon rate of 7.15 per cent, the lowest end of the book building range," the statement added.
Back to News Review index page