 
Prashant
Jain ANOOP
BHASKER RITESH
JAIN |
Understanding Fund Directory Unlike in the last few years, we have listed mutual fund schemes based on the investment category they belong to and not AMC-wise. Barring fixed maturity plans, all mutual fund schemes in force have been listed. All returns are for the period ended August 31, 2006. So are the Net Asset Value figures for all schemes. All the data have been sourced from www.mutualfundsindia.com. Only growth plans have been listed. Returns are adjusted for pay-outs, wherever applicable. For all categories of funds, returns have been calculated from point-to-point. Equity fund returns 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. Ditto for balanced schemes. For all long-term debt and gilt schemes, returns for periods below one year have been calculated on a simple annualised basis and on a compounded annualised basis for periods of more than one year. All short-term fund returns are computed on a simple annualised basis. The fund ranking is done separately for the various categories and not across categories. Expense ratios and latest corpus figures are based on latest published figures by AMCs. Risk-free returns for computing the Sharpe ratio have been assumed at 6%. Category average figures are the simple mean. To arrive at the Fund Manager of the Year, we have worked on the well-accepted premise that fund management is not all about returns, but also risks. What we have done is to calculate the risk-weighted returns by estimating the return per unit of risk for the schemes for the last one year period. For the equity award, only diversified equity funds were considered. For debt, only medium and long-term debt funds were considered . The cut-off corpus (average assets managed during the year) for a fund to be considered for the award was pegged at Rs 100 crore. Sundaram Select Mid-cap and Kotak Flexi Fund were rated the best in the equity and debt category respectively. Anoop Bhaskar and Ritesh Jain, the respective managers of the two schemes, were chosen as the Best Fund Manager s of the Year 2006 for the two key categories.•
HOME Business Standard • FUND MANAGER • October 2006 |
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