THE GREAT INDIAN MUTUAL FUND STORY

 The recent regulatory pronouncement scrapping distribution fee from equity schemes has added to the woes of smaller fund houses to ensure investment stability investors should not consider both the brand name and long term performance of the fund house before investing .
     MF TRACKER RESULTS
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    EQUITY LINKES SAVINGS SCHEME
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                                                                   tAURUS tAX sHIELD
                                                                  Canara Rodeco Eqity Tax Saver

   EQITY DIVERSIFIED
************************                 rELIANCE regular savings equity
                                                                Sundaram BNP ParibasSMILE
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hERE IS HOW WE KEEP SCORE
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  The ET quarterly MF Tracker lists MF Schemes on the basis of their risk-adjusted performance based on a detailed number crunching excercise carried out by the ET Intelligence group reserch has been done in-house while data was sourced from Icra Online .THE Sortino ratio a superior risk-adjusted measure was used to assess the fund performane we take three years as the yardstick for the five board categories  of funds equity diversified ,equity-linked savings scheme(ELSS ),mip and debt scheme with similar risk -returned profiles are clubbed .The return score is arrived at by alloting 60%weight to past three years absolute return and 40% weight to the past one year return these weighted returs are then comparted to the weighted benchmark return for the period and the resultant figure denotes the return score for the scheme.We have assumed BSE 500 AS THE  benchmark for the equity and schemes and risk-free interest rate by SBI,corresponding to the period under consideration as the benchmark for non-equity categories.