How are diversified MFs trading this yr?

By Varinder Bansal/CNBC-TV18

This year, the Sensex and Nifty fell 30%, while the BSE Smallcap Index and CNX Midcap fell 42% and 40% respectively. However, equity diversified schemes of mutual funds have fallen the most. The banking, and auto sector funds have underperformed, while gold and debt funds have outperformed. In the period under review, banking funds fell 38%, while diversified and auto funds fell 35% each.

Franklin India Prima is down 44% year-to-date. Its top holdings include India Infoline, Sesa Goa, FAG Bearing, Federal Bank, and IPCA Laboratories. The fund was launched in November 1993, while assets under management fell to Rs 1,020 crore.

Magnum Global is down 42% year-to-date. Its top holdings include Aban, Usha Martin, BEML, Dishman Pharma, and JP Associates. The fund was launched in September 1994, while assets under management stood at Rs 1,430 crore.

Birla Advantage is down 40.5% year-to-date. Its top holdings include Reliance Industries, Reliance Communications, Jindal Steel, Satyam, and HDFC. The fund was launched in February 1995, while assets under management stood at Rs 435 crore.

Templeton India Growth is down 24% year-to-date. Its top holdings include Tata Investment, RIL, ONGC, Tata Steel, and Bharti. The fund was launched in August 1996, while assets under management stood at Rs 367 crore. It is overweight on technology, with holdings at 22.7% of AUM.

ICICI Prudential Dynamic is down 26% year-to-date. Its top holdings include RIL, Infosys, Federal Bank, Zee Entertainment, and Bharti. The fund was launched in October 2002, while assets under management stood at Rs 1,668 crore. It is overweight on energy and technology.

HSBC Equity is down 27.5% year-to-date. Its top holdings include Infosys, RIL, ITC, Bharti, and HDFC. The fund was launched in December 2002, while assets under management stood at Rs 1,215 crore. It is overweight on energy and technology.