Over the last one week balanced funds have seen an appreciation in their Net asset values (NAV). The Sensex crossed the 4,300 mark (23rd December 2001) to close at 4,297 points and the S&P CNX Nifty closed at 1,356.

Open-ended, Balanced Schemes	NAV (Rs)	Last week	Last month	Last year	*CAGR Since inception
BSE-30	-	4.6%	10.3%	-27.9%	-
S&P CNX Nifty	-	4.1%	10.1%	-19.7%	-
S&P CNX 500	-	4.7%	10.9%	-35.1%	-
Magnum Balanced Fund	13.7	9.0%	9.1%	-38.4%	19.2%
Sun F&C Balanced (Gr)	8.1	5.9%	8.4%	-23.7%	-23.5%
Canganga	10.2	5.3%	8.8%	-17.0%	3.2%
Alliance 1995 Fund (Gr)	55.0	5.2%	9.9%	-12.1%	35.2%
Tata Balanced	14.7	4.8%	6.7%	-14.5%	14.0%
DSP ML Balanced (Gr)	11.0	4.5%	6.3%	-19.6%	6.1%
PNB Bal Growth (Gr)	13.5	4.4%	0.3%	9.0%	17.1%
Pru ICICI Balanced (Gr)	9.8	4.3%	7.8%	-28.3%	0.1%
K Balance	10.0	4.2%	6.2%	-13.1%	2.3%
Birla Balance (Gr)	10.3	4.2%	4.3%	-27.3%	8.2%

*CAGR=Compounded Annual Growth Rate

Balanced funds seem to give good returns as they even out the divergent performances of the old and new economy sectors. These funds have recorded returns of over 4% during the week. As far as the markets are concerned both the old as well as the new economy stocks are witnessing buying activity. Bajaj Auto, L&T, HPCL and Gujarat Ambuja were the key gainers among the old economy stocks. Infosys, Satyam, NIIT and Zee Tele were significant gainers among the new economy stocks. Good Q3 results declared by these companies have been for the primary drivers of the buying interest.

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