Top 5 mutual funds of the week
By siliconindia   |   Wednesday, 22 June 2011, 18:11 IST
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Bangalore: The top five mutual funds schemes according to Mutualfunds India are: SBI Magnum Sector Funds Umbrella - Emerge Buss Fund aims at providing the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. It was set off on Sep 17, 2004. 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. SBI Dynamic Bond Fund - Growth an open ended scheme , whose investment objective will be to actively manage a portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the unit holders. However there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn't assure or guarantee any returns. The scheme was set off on Feb 9, 2004 with Sankar V B Chebiyyam as the fund manager. The last dividend was declared on March 31,2005 as 1 percent. The latest NAV is reported to be 12.04 as on Jun 21, 2011. Some of the key holders are CBLO, Hero Investments, Central Bank of India. HDFC Balanced Fund was also listed among the top companies. The primary objective of this open ended growth 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. HDFC Multiple Yield Fund an open ended scheme whose objective is to generate positive returns with very low risk of capital loss over medium time frame. Vinay Kulkarni, Anand Laddha , Anil Bamboli are the fund managers and the fund size is 47.59 as on May 31, 2011. This scheme was initiated in Sep 17, 2004. The latest NAV recorded was 18.25 as on Jun 21, 2011. The dividend yielded was 1.27 as on May,2011. Some of the key holders are Corporation Bank, Bank of India, ICICI BANK. Escorts Liquid Plan 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.