FUNDDIREC TORY

Understanding fund directory

he listings give information on the performance of
mutual fund growth schemes based on investment
category they belong to and with a corpus of over
~5,000 crore. For the full list of schemes, visit businessstandard.com. Returns (adjusted for pay-outs where applicable) and NAV are for 12 months ended June 30, 2016. Data
has been sourced from Morningstar India.
Equity fund returns for periods up to one year have
been calculated in absolute terms, while for periods
above one year they have been computed on a compounded annualised basis. The same applies to balanced funds. For
all long-term debt and gilt schemes, returns for periods
below one year have been calculated on a simple and on a
compounded annualised basis for periods of more than
one year.
All short-term fund returns are computed on an absolute
return basis.
The fund ranking is done separately for the various categories and not across categories. Expense ratios and latest
corpus figures are based on the latest published figures by
AMCs. Risk-free returns for computing the Sharpe ratio
have been assumed at 7.41 per cent. Category averages are
the simple mean.
The Fund Managers of the year have been selected based
on risk-adjusted returns. This is arrived at by estimating the
return per unit of risk for the schemes for the last one year.
For the purpose of rankings, the bottom 10 percentile of the
funds was excluded.
For equity funds, only open-ended diversified
funds, whether large-cap or mid-cap were considered. Sector
or theme funds were not eligible. The daily returns on the
NAV (net asset value) and a risk-free return of 7.41
per cent were used for the purpose of calculation of the
Sharpe ratio.
In both categories, namely, equity and debt, the performance of all schemes managed by a fund manager was

considered. Besides, weight was also assigned to the total

funds managed by a fund manager to arrive at the Adjusted
Sharpe Ratio.
Moreover, the fund manager should have managed the

scheme for at least a year to be eligible for the award.

Vinit Sambre of DSP BlackRock Mutual Fund was the
winner in the equity category, and Anil Bamboli of HDFC
Mutual Fund was the winner in the debt category.

THE TOP PERFORMERS

EQUITY - DIVERSIFIED

Absolute 1-Yr Chg (%)

Sundaram Rural India

DSP BlackRock Micro Cap
Escorts High Yield Equity
Birla Sun Life Small & Midcap
Sahara Star Value
EQUITY - ALL SECTOR

20.33
19.13
18.38
17.68
17.16

Reliance Media & Entertainment

Birla Sun Life Banking & Financial Services
Sahara R.E.A.L
SBI FMCG
Birla Sun Life New Millennium
BALANCED FUNDS

17.18
13.89
13.21
12.69
12.56

ICICI Pru Child Care Gift Plan

Escorts Balanced
Birla Sun Life Dynamic Asset Allocation
ICICI Pru Advisor Very Aggressive
UTI Childrens Career Balanced
DEBT - LONG TERM

10.43
10.42
10.35
9.00
8.51

ICICI Prudential Advisor Dynamic Account

ICICI Prudential Long Term Plan
ICICI Prudential Dynamic Bond
Birla Sun Life Dynamic Bond
ICICI Prudential Income

13.20
11.08
10.87
10.49
10.43

All returns are absolute and as on 30 June, 2016

Data pertains to growth funds
Source: Morningstar India

> FUND MANAGER >

SEPTEMBER 2016

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