Equity Diversified funds gain 1.35% during the week

Equity - Diversified Funds.

The NAV returns in the equity-diversified funds category rose 1.35% during the week, ended May 04, 2007.

Among the equity-diversified funds, Magnum Comma Fund gained 3.61%. Other gainers include Tata Equity P/E Fund, which gained 3.41%, and Escorts Growth Plan gained 3.61% during the week.

On the other hand, Standard Chartered Enterprise Equity Fund declined 0.48% followed by Sundaram BNP Paribas Equity Multiplier Fund, UTI SPrEAD Fund declined 0.40% and 0.16% respectively.

Balanced Funds

Returns on balanced funds rose 0.67% during the week, with only one losers that is ICICI Prudential Blended Plan A which declined 0.21%.

On the other hand Escorts Balanced Fund gained 3.1%, Escorts Opportunities Fund gained 2.47%, Principal Child Benefits Fund-Career Builder gained 1.78% and Principal Child Benefits Fund-Future Guard Plan gained 1.76%.

Debt Funds.

The category of debt funds added 0.17% in the week ended May 04, 2007.

Among the debt funds, Escorts Income Bond gained 1.59%, Cancigo gained 1.13%, Reliance Regular Savings Fund - Hybrid Option gained 0.98% and LICMF Unit Linked Insurance Scheme gained 0.97%.

On the other hand Birla Floating Rate Fund - Short Term Plan – Institutional lost the most, among debt funds, declining 9.57% followed by UTI Capital Protection Oriented Scheme - Series I - 5 Years which declined 0.30% and HSBC Floating Rate Fund - Short Term Plan - Institutional Plus declined 0.19%.

Index Funds

Among Index funds, except Bank BeES and HDFC Index Sensex Plus Plan which declined 1.67% and 0.67% all other scheme under this category advanced.

Nifty Junior BeES gained, 3.18% followed by Birla Index Fund which gained 1.20%, ICICI Prudential Index-Nifty Plan gained 0.90% and LICMF Index Fund - Sensex Advantage Plan gained 0.86%.

ELSS Funds

ELSS Funds gained 1.17% during the week. Among the ELSS funds, the top gainer was Birla Equity Plan which gained 3.85%. Other gainers were Escorts Tax Plan that gained 3.62% and Birla Taxplan 98 gained 3.42%.

There were no losers, during the week.