After a slump in the markets over the past few weeks both the major indices  BSE Sensex and S&P CNX Nifty have appreciated by 3% each during the last week. This is reflected in the marginal improvement in the performance of diversified growth funds.

Open-ended, Growth Schemes	NAV (Rs)	Last week	Last month	Last year	Since inception
BSE - 30	-	2.94%	-11.50%	-28.60%	-
S&P CNX Nifty	-	2.97%	-9.20%	-19.50%	-
S&P CNX 500	-	-3.60%	-16.80%	-29.10%	-
Sun F&C Emerg Tech (Gr)	5.7	10.2%	-9.2%	0.0%	-33.1%
Sun F & C Value (Gr)	18.3	7.0%	-10.5%	-20.0%	23.7%
K P Prima Plus (Gr)	20.3	6.7%	-7.6%	-6.3%	14.2%
K 30	14.7	6.4%	-8.3%	-4.8%	38.9%
Magnum Multiplier Plus 1993	15.5	5.9%	-14.0%	-29.1%	7.3%
Magnum Global Fund	9.9	5.7%	-11.4%	-22.7%	1.5%
Franklin Growth Fund	6.4	5.6%	-9.3%	0.0%	-38.4%
K P Bluechip (Gr)	20.9	5.1%	-6.3%	5.1%	27.3%
Magnum Equity Fund	12.6	5.0%	-12.5%	-15.2%	13.8%

(The above table shows only diversified growth funds with over 5% growth in last week)

Markets have moved up in the last week as some key stocks have surged significantly. There was heavy buying in pharma stocks like Ranbaxy, Reddy, Sun Pharma and Cipla. IT stocks like HCL Tech, Infosys, Visualsoft and NIIT have also witnessed decent buying. This has propped up growth fund net asset values (NAVs).

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