Us 95 Plan Outperforms Sensex In Jan-July

The fund manger of US 95 attributes this achievement to profit-booking in information technology, communication and entertainment (ICE) stocks at the highest level of the market price and re-entry at lower levels.

The US 95 scheme appreciated by 20.33 per cent with its net asset value (NAV) rising to Rs 171.21 on July 31 from Rs 142.28 on January 3. The 30-scrip BSE Sensex declined by 20.38 per cent during the January-July period.

Prudential ICICI Balanced Fund, Sun F&C Balance Fund and DSP Merrill Lynch Balanced Fund underperformed the Sensex with their Navs declining by over 21 per cent.

Prudential ICICI, with 29 per cent of its investment in ICE stocks, registered a 26.5 per cent fall in NAV at Rs 9.45.

 

The other balanced funds with 30 per cent of their investment in the ICE sector seem to have failed to book profits.

Sun F&C's NAV declined by 22.3 per cent at Rs 8.27, while DSP Merrill Lynch witnessed a 21.1 per cent dip in NAV at Rs 10.66.