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Best Performing Mutual Funds (MFs) of 2007

This articles lists the top mutual funds (MFs) for the year 2007. The ranking is for Equity Diversified MFs, Tax Saving (ELSS) MFs and Debt MFs.



With the end of the year approaching, it is time now to look into the rear
view mirror, and find out which mutual funds have performed the best in the
year gone by.

Of course, as they say, “past performance is not a guarantee for future
performance”. But a consistent performance over a long period of time can
be treated as a proof of strong stock picking and fund management skills.

So, here is a list of top performing mutual funds (MFs) for the year 2007.
(My recommendation: Pay more attention to long term performance and
rankings instead of 1 year performance)

Equity – Diversified

Top 5 Funds Based on 5 Year Return (Annualized)







Fund Name 5 Year Return (Annualized %) 1 Year Return (%)
Reliance Growth 71.59 72.92
SBI Magnum Contra 71.52 64.94
Sundaram Select Mid-Cap 69.43 57.82
SBI Magnum Global 69.32 49.05
Taurus Starshare 65.49 88.11

Top 5 Funds Based on 1 Year Return







Fund Name 5 Year Return (Annualized %) 1 Year Return (%)
JM Basic NA 106.25
Taurus Discovery Stock 50.69 101.28
Standard Chartered Premium Equity NA 100.70
ICICI Prudential Infrastructure NA 89.06
Taurus Starshare 65.49 88.11


Equity – Tax Saving (ELSS)

Top 5 Funds Based on 5 Year Return (Annualized)







Fund Name 5 Year Return (Annualized %) 1 Year Return (%)
SBI Magnum Taxgain 73.39 55.81
HDFC Taxsaver 60.41 39.70
Sundaram Taxsaver 59.19 64.82
Birla Equity Plan 59.08 50.71
ICICI Prudential Tax Plan 57.86 37.91

Top 5 Funds Based on 1 Year Return







Fund Name 5 Year Return (Annualized %) 1 Year Return (%)
Taurus Libra Taxshield 42.91 100.47
Principal Personal Tax Saver 49.59 77.44
Principal Tax Savings 57.41 74.74
Birla Sun Life Tax Relief 96 52.84 70.49
DWS Tax Saving NA 66.49


Debt – Medium Term

Top 5 Funds Based on 3 Year Return (Annualized)







Fund Name 3 Year Return (Annualized %) 1 Year Return (%)
Principal Income 6.99 8.16
ICICI Prudential Income 6.91 8.65
Tata Dynamic Bond B 6.68 8.26
HSBC Income 6.62 8.22
ING Income 6.19 8.78

Top 5 Funds Based on 1 Year Return







Fund Name 3 Year Return (Annualized %) 1 Year Return (%)
ING Income 6.19 8.78
ICICI Prudential Income 6.91 8.65
Tata Dynamic Bond 6.68 8.26
HSBC Income 6.62 8.22
Principal Income 6.99 8.16

So, go ahead and make investment plans for the year 2008. And remember not
to get influanced by short term returns – long term performance is the
only way to judge a mutual fund (MF) prudently!

Happy investing!

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