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Magnum Tax Gain on top, again

Magnum Tax Gain on top, again

Magnum Tax Gain has been a consistent performer, beating the best performing fund in the equitydiversified fund category over the past five years.

 
Magnum Tax Gain has been a consistent performer, beating the best performing fund in the equitydiversified fund category over the past five years. In the past one year, Taurus Starshare has given the highest return—almost twice what the Sensex earned.
 
Tata Index Fund, tops the charts, beating its benchmark Nifty over the past one year. This underlines the virtues of investing in index funds, especially in a rising market. In the midcap category Reliance Growth is fast overtaking other funds in performance.
 
An SIP of Rs 2,000 over a three-year tenure (Rs 72,000) from November 2004 to October 2007 would have grown to Rs 87,062—a growth of 21%.
 
The top ranking equity-oriented balanced funds have fared well in the past one year, but the category average performance has been much lower as a whole. Top 5 funds are far too ahead of the rest. Debt is out of favour as indicated by the lower returns the schemes have earned.
 
Kotak has three of its FoF in the Top 5, indicating the AMC’s ability to earn better through its existing funds. The returns in this category are based purely on the overall performance and spread of the fund house. Among MIPs, Reliance Regular Savings is way ahead in the category.The returns beat bank FDs hands down.