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Understanding fund directory

Business Standard 

The listing gives you information on the performance of mutual fund schemes based on investment category they belong to and with a corpus (QAAUM: quarterly assets under management) of over Rs 600 crore. For the full list of schemes, visit fm2012.xls. Returns (adjusted for payouts where applicable) and net asset values (NAV) are for the period ended September 28, 2012. Data has been sourced from

for periods below one year have been calculated in absolute terms, while for periods above one year they have been computed on a compounded annualised basis. Returns for short-term and long-term debt funds are simple annualised for period of less than one year, and compounded annualised for period of more than one year. Category averages are simple mean.

The fund ranking is done separately for the various categories and not across categories. Latest corpus (QAAUM) figures are based on those published by asset management companies (AMCs).

EQUITY - DIVERSIFIED Absolute 1-Yr Chg (%)
Reliance Equity Opportunities Fund 23.97
ICICI Prudential Discovery Fund 23.35
Principal Emerging Bluechip Fund 22.68
Kotak Contra Fund 22.54
SBI Magnum Sector Funds Umbrella – Emerg Buss Fund 22.27
SBI Magnum Sector Funds Umbrella – FMCG 40.53
Reliance Media & Entertainment Fund 31.32
ICICI Prudential FMCG 30.53
SBI Magnum Sector Funds Umbrella – Pharma 29.89
ICICI Prudential Technology Fund 27.06
Reliance RSF – Balanced 19.82
Tata Balanced Fund 18.78
Kotak Balance 17.71
ICICI Prudential Balanced 15.67
SBI Magnum Balanced Fund 15.60
Kotak Bond Scheme – Plan A 13.21
SBI Dynamic Bond Fund 12.78
SBI Magnum Income 12.45
Templeton India IBA – Plan A 12.15
IDFC D B F – Plan A 11.90
Source :

The Fund Managers of the Year have been selected based on risk-adjusted returns, which is the return per unit of risk for the schemes for the 12 months ended September 28, 2012. For equity funds, only open-ended diversified funds, whether large-cap or mid-cap, were considered. Sector or theme funds were not eligible. (Click here for DIRECTORY)

The daily returns on the and a risk-free return of 7 per cent were used for the purpose of calculation of the Sharpe ratio. For the debt funds, the ultra short-term and liquid schemes were not eligible for the ranking, whereas the risk-free return was taken as 8.5162% (91 days Treasury bill average for last one year). Moreover, the fund manager should have managed the scheme for at least the one year to be eligible for the award.

Also, for the further eligibility, the sum of is considered and 10% of the bottom equity funds and 25% of the bottom debt funds are moved out. To ensure that no fund manager emerged as a winner merely based on the performance of a particular scheme managed by him/her, the concept of ‘Adjusted Sharpe Ratio’ was adopted. Here, a composite score was ascertained for each fund manager comprising the weighted average of the Sharpe ratio achieved by each scheme managed by him/her. The average one year corpus of each scheme and the sum of was used as weights to arrive at his/her score.