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Best Performing Mutual Funds (MFs) of 2007
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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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Note: Please treat the opinion expressed here as a broad suggestion. Please consult your financial planner / investment advisor before making any investment decision.
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