Subdued mood in the markets has taken its toll on growth funds. Fund NAVs are declining progressively over the past few days.

Open-ended, Growth Funds	NAV (Rs)	Last week	Last month	Last year	Since inception
BSE - 30	-	-0.5%	-11.4%	-6.3%	-
CNX S&P 50	-	-0.5%	-11.1%	3.5%	-
CNX S&P 500	-	-1.4%	-10.3%	6.7%	-
Mastershare Plus 1991	21.8	1.7%	7.8%	5.0%	6.2%
Primary Equity Fund	15.5	1.6%	6.7%	31.8%	11.5%
DSP ML Equity Fund	18.0	1.0%	7.4%	35.7%	34.5%
GIC D'MAT	8.1	1.0%	5.8%	0.0%	-22.7%
Sun F & C Value (Gr)	20.8	1.0%	8.7%	44.1%	38.6%
ING Growth (Gr)	16.6	0.9%	20.8%	92.6%	84.7%
Mastergain 1992	11.2	0.8%	8.1%	7.5%	4.3%
Zurich(I) Capital Builder	12.9	0.8%	6.7%	14.3%	5.9%
Birla Advantage Fund	37.4	0.7%	12.0%	120.3%	39.6%
Franklin India (Gr)	7.2	0.6%	8.0%	0.0%	-23.0%

(The above table consists of funds that have given over 0.6% returns over the last week)

No diversified growth fund gave returns of over 2% (in the last week) with UTI's Masterplus 1991 posting the highest growth of 1.7%. The Primary Equity Fund (also from UTI's stable) came a close second with 1.6% growth.

One major consolation for the funds is that the benchmark indices did no better. All three benchmark indices that we have taken fell over the last week. So growth funds that beat these indices have done reasonably well for themselves.

Funds with higher exposure to TMT stocks have witnessed a sharper fall in NAVs. Funds with higher cement allocation have witnessed a surge consequent to the rise in cement stock prices.

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Darjithk @gmail. Com Jun 06, 2020 Not getting interest &information

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