Most equity funds posted double-digit returns in the quarter ended September 2003, with even software sector funds, which had posted declines in value in the quarter ended June 2003, reflecting the buoyancy in the sector.
The Bombay Stock Exchange's infotech index gained almost 33 per cent in the quarter ended September 2003.
The 14th Crisil Composite Performance Ranking includes 121 funds from 21 fund houses, across 6 categories. Eight fund houses have shared the top honours.
In the equity diversified category, DSP Merrill Lynch Opportunities Fund, HDFC Equity Fund and Reliance Vision Fund have been ranked at the top, as Crisil CPR-1, which indicates "very good performance" in the category.
In the income category, HDFC Income Fund joins Birla Income Plus Plan B at the top CPR-1 rankings.
In the short-term income category, JM short-term fund and Templeton India Short Term Income Plan share the top honours. This category has seen the maximum number of schemes entering the ranking universe.
In the liquid funds category, IL&FS Liquid Account and Prudential ICICI Liquid Plan have been ranked Crisil CPR-1.
In the long-term gilt category, consistent performance by Birla Gilt Plus- Regular Plan has finally helped the scheme to climb to the top of the table.
But there are no surprises in the balanced funds category. Franklin India Balanced Fund and HDFC Prudence Fund have retained their places at the top.
Franklin India Balanced Fund and HDFC Prudence Fund have been ranked as CPR-1 since September 2002 and December 2001, respectively.
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