This month saw diversified growth funds appreciating considerably with improved performance of equity markets (BSE Sensex up 8.6% over 1 month).

Open-ended, Growth Schemes	NAV(Rs)	Last week	Last month	Last year	Inception
BSE-30	-	0.0%	8.6%	-20.5%	-
S&P CNX Nifty	-	0.4%	8.6%	-13.0%	-
S&P CNX 500	-	-0.4%	7.5%	-36.1%	-
K P Prima Fund (Gr)	22.6	7.9%	13.9%	-37.1%	12.1%
Canexpo	17.7	1.5%	12.8%	-26.7%	10.7%
ING Growth (Gr)	14.6	-2.4%	11.4%	-40.6%	25.9%
GIC Growth Plus II	14.7	0.5%	11.3%	-28.5%	7.2%
IL&FS Gr & Val (Gr)	13.2	-0.4%	10.7%	-36.3%	7.5%
DSP ML Opportunities (Gr)	9.4	-1.4%	9.9%	0.0%	5.5%
IDBI-PRIN Equity Fund(Gr)	10.9	-1.7%	9.4%	-25.8%	2.6%
Pru ICICI Growth (Gr)	22.3	-0.8%	9.4%	-32.9%	35.4%
K P Bluechip (Gr)	24.3	0.8%	8.8%	-7.4%	28.9%

(Returns over 12 months are annualised)

It is evident from the above table how fortunes of growth funds have changed over the last month, after witnessing some harrowing times in 2000. Over a month, growth fund NAV's in our sample have risen significantly  averaging close to 11% growth.

Companies across all sectors have declared satisfactory quarterly results, which has been a major booster for the markets. Privatisation of public sector companies like VSNL, MTNL HPCL has also been a positive factor. Above all sentiment before the Union Budget seems encouraging, notwithstanding the earthquake.

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