Friday, November 17, 2006

Global toppers in MF schemes

Two domestic Mutual Fund schemes -- Reliance Growth and Reliance Vision -- managed by Reliance MF have emerged as the two top performing funds globally on a five-year basis, the data available with international fund intelligence agency Lipper shows. According to Lipper, Reliance Growth and Reliance Vision topped the list of 20 best performers from a global universe of open-ended equity funds based on their five-year performance till October 31.

Reliance Growth Fund has given compounded returns of 71.39 per cent per annum, while Reliance Vision Fund has given return of 68.16 per cent over the past five years in the US dollar currency, the Lipper data shows.

The two schemes have also emerged as the top performers among all the domestic open-ended equity schemes based on their five-year performance as on yesterday, data available with Association of Mutual Funds in India (AMFI) reveals.

Magnum Contra, managed by SBI Mutual Fund, is at third position with five-year return of 60.83 per cent, followed by Franklin India Prima and Magnum Taxgain with returns of 60.83 per cent and 59.85 per cent, respectively.

Btw, I have invested in Reliance Vision and Magnum contra!! Pray that these fund stay on with their rankings. Way to go, Reliance MF! Power to them!!
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