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Magnum Tax Gain continues to impress

November 22, 2007

Magnum Tax Gain has been a consistent performer, beating even the best performing fund in the equity-diversified fund category over the past five years. The biggest surprise comes from little known Taurus Starshare, which has given the highest returns in the past one year.

Equity diversified - 1
Equity diversified - 2

Equity tax planning - 1
Equity tax planning

Mid-caps still have a lot of steam left. Reliance Growth has earned higher returns than many large-cap diversified equity funds in the past one year. The virtues of index fund investing is there to be reaped the most when the markets are rising; all the funds in this category have more or less fared the same.

Equity mid-cap - 1
Equity mid-cap - 2

Equity index - 1
Equity index - 2

It’s a mixed bag when it comes to equity-oriented balanced funds. The top three funds are far ahead of the rest. Among monthly income plans, Reliance Regular Saving is way ahead of others in the category. Its returns are even better than the average of balanced funds. MIP beat bank fixed deposits hands down in terms of returns.

Balanced equity
Balanced equity

Monthly income plans
Monthly income plans

Fund of Funds cash in on the performance of existing funds and Kotak finds three of its FoFs in the top 5; it’s a case of a fund house’s performance and ability to invest within existing fund schemes. Infrastructure funds have outperformed diversified equity schemes in the past one year. Those looking for a spike in returns can opt for these funds.

Fund of funds
Fund of funds

Infrastructure fund
Infrastructure fund


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