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Recommended Funds
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FUNDS THAT WE RECOMMEND

We strive to analyze funds with as long a comparable history as possible and only within their peer group. For a look at our methodology, please go to here. Please note that while we hope that these recommendations would be useful for investors, you are also advised to look at the fund's prospectus and do your own further research before making your investment decisions.

We advise investors to have a diversified portfolio that is spread over the whole world. The recommended funds should not be seen as being recommended in isolation. These funds are what we would recommend amongst their peer groups if you would like to invest in a fund from a particular sector or region. So, if you are interested in funds from one region like Japan, then you can see the recommended funds we have within the Japan region. There is little basis of comparing a Japan fund with a Europe fund.

For investors who are also interested in an allocation to the various sectors, we suggest that you refer to our Sector Star Ratings page which shows our views towards the various regions. For aggressive investors who wish to take more risk for the purpose of potentially higher returns, you can take note of the articles we sometimes put out highlighting Fundsupermart's view of a particular region. For a more detailed description of why we recommend any particular fund, please click on the recommended fund's name below:

Equity Debt Balanced Fund of Funds
Recommended Funds  Fund Class
Performance (Annualised)
1 year 2 years 3 years 5 years
Buy  
RELIANCE BANKING FUND- GROWTH  Equity - Banking & Financial Services Sector   62.01 39.17 27.77 26.9
UTI MASTER VALUE FUND- GROWTH  Equity - Contra  51.03 29.06 19.22 17.59
ICICI PRUDENTIAL DISCOVERY FUND- GROWTH  Equity - Contra  44.22 36.93 21.06 21.36
DSP BLACKROCK TOP 100 EQUITY FUND- GROWTH  Equity - Diversified  22.7 18.23 13.86 24.78
HDFC TOP 200 FUND- GROWTH  Equity - Diversified  32.71 24.88 18.06 26.34
HDFC EQUITY FUND- GROWTH  Equity - Diversified  45.74 29.89 17.87 26.31
UTI DIVIDEND YIELD FUND- GROWTH  Equity - Dividend Yield  40.81 28.32 20 22.82
FIDELITY TAX ADVANTAGE FUND- GROWTH  Equity - ELSS  40.79 24.63 14.39 -
HDFC TAXSAVER- GROWTH  Equity - ELSS  41.88 26.55 13.27 19.4
FRANKLIN FMCG FUND- GROWTH  Equity - FMCG  - - - -
FIDELITY INTERNATIONAL OPPORTUNITIES FUND- GROWTH  Equity - Global  30.88 16.37 9.44 -
TATA GROWING ECONOMIES INFRASTRUCTURE FUND PLAN A- GROWTH  Equity - Global  10.95 - - -
DSP BLACKROCK TECHNOLOGY.COM FUND- GROWTH  Equity - IT Sector  28.57 15.75 6.09 19.91
HDFC INDEX FUND SENSEX PLUS PLAN- GROWTH  Equity - Index  25.84 17.16 10.38 20.78
ICICI PRUDENTIAL INFRASTRUCTURE FUND- GROWTH  Equity - Infrastructure  16.73 9.76 10.37 24.98
DSP BLACKROCK INDIA T.I.G.E.R. FUND- GROWTH  Equity - Infrastructure  25.82 16.27 7.73 22.65
RELIANCE GROWTH FUND- GROWTH  Equity - Mid Cap  34.67 22.47 15.98 23.78
DSP BLACKROCK MICRO CAP FUND- GROWTH  Equity - Mid Cap  71.49 35.73 17.95 -
RELIANCE PHARMA FUND- GROWTH  Equity - Pharmaceutical   62.74 45.12 27.99 26.66

RELIANCE BANKING FUND- GROWTH 
Reliance Banking Fund is the best banking sector fund on our platform (in terms of overall ranking) over a review period of 5 years (30 June 2005 to 30 June 2010).

The fund has been a consistent outperformer among other banking sector funds on our platform. This fund has always been ranked No 1 under cumulative performance in all the review years (as at June 2010).

As at 30 June 2010, the fund has close to 58% of its assets in large- cap banking and financial stocks, 36% is in mid-cap banking and financial stocks and over 5% in cash equivalent investments.

The fund has the lowest expense ratio in the banking sector category funds which has a and the category average expense ratio is at 2.41%.

The fund is not only the best performing but is also clearly by far the largest banking sector fund in terms of of Assets under Management (AUM) assets with close to Rs. 1200 crores of AUM as at June 2010.

However, an Investor must note that a sector fund is affected by general market risks ( as given in the offer document/scheme information document) and sector risks that affect all the companies in an industry. Hence, every sector fund has the highest risk rating and only investors with an above average risk rating can consider investing in this fund.
 
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