Early Gains

AUM of at least 100 crores Performance over different periods of time are taken into account. Source of data: moneycontrol.com

Best Midcap and Smallcap mutual funds in India

Best Performing Debt Funds and Income Funds among Top Debt Mutual Funds in India

Top 10 Large Cap Mutual Funds in India

The Top 20 and Best Performing Ultra Short-term Debt Funds in India

Interest rates could stabilize over the next 6 months. Short –term funds had a good run this year on account of RBI’s monetary policy.

There is a likelihood of a pause, and these Ultra Short-term Debt Funds schemes may not be as attractive going forward. The higher returns seen in this category may not sustain for more than 3-6 months.

We will cover the medium/long-term income funds in another post. The following table ranks the ultra short-term debt funds based on a longer term horizon. Only funds with AUM over 100 crores have been considered for this analysis.

Birla Sunlife Floating Rate Fund, JM Money Manager, Birla SL Ultra Short Term, BNP Paribas Money Plus, and Kotak Floater are the top five. These funds are clocking close to 9% this year, and couple of these might provide 10%. That’s awesome considering the performance of the equity markets. Investors can ride this wave while slowly starting to increase exposure to medium/long-term or gilt and dynamic bond funds.

FUND	CRISIL RANK	AUM (Rs Cr)	1mo	3mo	6mo	1yr	3yr	5yr	EARLYGAINS RANK
Birla SL FRF - LTP - RP	Rank 1	130.17	0.7	2.3	4.7	8.8	7.8	8.2	1
JM Money Manager Fund -SPP	Rank 3	753.16	0.8	2.3	4.6	8.9	6.8	7.7	2
Birla SL Ultra Short Term -RP	Rank 1	265.97	0.7	2.3	4.5	8.7	6.5	7.6	2
BNP Paribas Money Plus - RP	Rank 3	133.17	0.7	2.1	4.3	8.6	7	7.7	4
Kotak Floater LTP	Rank 3	4031.15	0.7	2.2	4.6	8.9	7	7.7	5
Principal NTF - Conservative	Rank 3	403.75	0.7	2.2	4.6	8.9	6.7	7.6	6
Reliance Floating Rate	Rank 5	1218.58	0.7	2.1	4.5	8.7	6.8	7.6	7
JM Money Manager Fund -SP	Rank 2	203.22	0.8	2.4	4.8	9.4	7.5	7.8	8
Tata Floater Fund	Rank 2	4672.52	0.7	2.3	4.6	9	6.9	7.6	8
Principal NT - Moderate Plan	Rank 2	185.29	0.7	2.2	4.2	8.6	6.5	7.4	10
HDFC Float Rate Inc-STP RP	Rank 2	640.13	0.7	2.1	4.3	8.4	6.5	7.3	11
DWS Ultra STF - RP	Rank 3	117.07	0.7	2.2	4.5	8.5	6.5	7.3	12
Kotak Flexi Debt	Rank 5	188.42	0.7	2.1	4.4	8.2	6.1	7.1	13
HDFC CMF-Treasury Advg	Rank 1	6598.17	0.7	2.1	4.3	8.4	6.5	7.2	14
Birla SL Saving Fund - RP	Rank 3	575.92	0.7	2.2	4.5	8.6	6.5	7.2	15
L&T Freedom Inc -STF -G	Rank 3	545.58	0.7	2.2	4.5	8.8	6.5	7.2	16
ICICI Pru Floating RP - A	Rank 1	380	0.7	2	4.1	8	5.9	6.9	17
JM Money Manager Fund -RP	Rank 3	288.74	0.8	2.4	4.9	9.5	6.7	7.2	18
UTI Floating Rate -STP-RP	Rank 3	482.16	0.6	1.9	4	8.1	6.6	7.1	18
Birla Sun Life Cash Manager	Rank 4	713.11	0.7	2.2	4.4	8.4	6.3	7	20

Source of Data: Moneycontrol.com

Best Performing Floating Rate Funds returning over 9%

The policy-tightening cycle might be near its end. Floating rate instruments give a market related rates of return without much added price volatility. The interest rates are high, interest payments in floating rate instruments also go higher. Here is the performance of floating rate mutual funds.

FUND	AUM (Rs Cr)	1wk	1mo	3mo	6mo	1yr
Can Robeco Float Rate-STP	180.52	0.1	0.8	2.3	4.7	9.2
L&T Short Term FRF	2.51	0.1	0.8	2.3	4.6	8.9
SBI Magnum Income - FRP - LTP	5.30	0.1	0.8	2.3	4.7	8.8
HDFC Float Rate Inc-LTP	992.41	0.1	0.7	2.2	5	9.3
SBI Magnum Income - FRP - SPBP	184.46	0.1	0.7	2.2	4.6	9
Tata Floater Fund	4,672.52	0.1	0.7	2.3	4.6	8.9
Principal NTF - Conservative	403.75	0.1	0.7	2.2	4.6	8.8
Kotak Floater LTP	4,031.15	0.1	0.7	2.3	4.6	8.8
ICICI Pru Floating Rate -D	2,237.21	0.1	0.7	2.2	4.5	8.8
Kotak Floater STP	2,825.70	0.1	0.7	2.2	4.5	8.7
Birla SL FRF - LTP - RP	130.17	0.1	0.7	2.3	4.6	8.7
Reliance Floating Rate	1,218.58	0.1	0.7	2.2	4.6	8.6
Principal NT - Moderate Plan	185.29	0.1	0.7	2.2	4.3	8.5
Birla SL FRF - STP - RP	116.65	0.1	0.7	2.2	4.5	8.5
HDFC Float Rate Inc-STP RP	640.13	0.1	0.7	2.1	4.3	8.3
Tata Money Market Fund - RP	18.86	0.1	0.7	2	4.2	8.3
Templeton FRIF (RP)	434.44	0.1	0.7	2.1	4.3	8.3
IDFC MMF-Invest. - RP A	273.18	0.1	0.7	2.1	4.6	8.2
ICICI Pru Floating RP - C	37.55	0.1	0.7	2.1	4.2	8
HSBC FRF - LTP (RP)	45.32	0.1	0.7	2.1	4.1	7.9
ICICI Pru Floating RP - A	380.00	0.1	0.7	2	4.1	7.9
ICICI Pru Floating RP - B	49.23	0.1	0.7	2	4.1	7.8
Tata Floating Rate - LTP	2.78	0.1	0.7	2.4	4.3	7.4
LIC NOMURA Floating Rate	139.95	0.1	0.7	2	3.8	7.1

Birla Sunlife and HDFC’s floating rate funds are good bets.

Returns are absolute returns as of November 6, 2011.
Source of Data: Moneycontrol.com

Best Performing HDFC Equity Mutual Funds

Top and Best Performing Ultra Short-Term Funds

The best place to park money right now is in ultra short-term mutual funds.
Here are some top ultra short-term funds providing handsome returns.
Many of these best performing funds have to holding period of 45-90 days to avoid exit load (0.5-1%).

The table provides 3-month returns for ultra short-term debt mutual funds.

Top Performing Floating Rate Mutual Funds (Debt Funds)

It’s not clear when the policy-tightening cycle will end. This is the time to lock some money in fixed income instruments such as bonds and fixed deposits. Floating rate instruments give a market related rates of return without much added price volatility. The interest rates are high, interest payments in floating rate instruments also go higher. Here are floating rate mutual funds (debt funds) that have done well recently with increasing rates.

Top Mutual Funds in Best Performing Equity Mutual Funds in India

Do you want to ride the high short-term interest rates? Here are some selected new mutual fund instruments.

With rates near cycle highs, investing in best fixed maturity plan FMP, short-term mutual funds, ultra short-term mutual funds and related fixed income instruments may be a better option. Equity investments at this stage require at least a 2-3 year horizon.
The following are new and selected short-term, ultra short-term, FMP mutual funds being offered by various AMCs as of June 18 2011.

The best performing Large-Cap Mutual Funds India

The best performing Mutual Funds in Dividend Yield Mutual Funds India

Intra-day trading, long-term capital gains, short-term capital gains and losses from a income tax perspective

An active investor or trader need to be mindful, knowledgeable, and smart about income tax implications from such activities. Trading in shares may be treated as business income (speculative) or as capital gains (investment) depending on the situation.

New Mutual Fund Offers From Birla, Reliance & Tata AMC.

The following are the new Mutual Fund offers From Birla, Reliance, Quantum, & Tata AMC.

The best performing Midcap Mutual Funds

New mutual funds FMP, fixed income, being offered by various AMCs May 2011 - Reliance, Birla SBI, ICICI and more...

The following are new mutual funds being offered by various AMCs as of May 10 2011.

For FMPs, the schemes focus on generating income and / or capital appreciation by investing in debt and money market instruments having maturity in line with the maturity of the scheme.

For new equity funds, think about whether you want to invest in schemes that already exist in the market.

With rates near cycle highs, investing in FMP/fixed income instruments may be a better option. Equity investments at this stage require at least a 2-3 year horizon.

Source: AMFI

Birla Sun Life Mutual Fund

Birla Sun Life Fixed Term Plan - Series DA

Birla Sun Life Fixed Term Plan - Series DB

Birla Sun Life Short Term FMP - Series 14

Deutsche Mutual Fund

DWS Fixed Term Fund - Series 82 (DFTF - 82)

ICICI Prudential Mutual Fund

ICICI Prudential Fixed Maturity Plan - Series 56 - 1 Year Plan F

Kotak Mahindra Mutual Fund

Kotak FMP Series 46 (370 Days)

Kotak FMP Series 47 (24M)

Quantum Mutual Fund