Birla Sunlife on the Top

On the whole, of the total 467 rated funds, 39 funds have been upgraded and almost as many (43 funds) downgraded. 383 funds have maintained a status quo.

As on October 31, 2007, as many as seven funds gained the 5-star tag: DSPML Balanced, Birla Gilt Plus Liquid, Birla Sun Life Frontline Equity, HSBC MIP Saving, Grindlays GSF PF Regular, Templeton Floating Rate ST Inst and LICMF Floater MIP Plan A. The first six of these funds have been upgraded from 4-star rated to 5-star rated funds.

LICMF Floater MIP Plan A, after fluctuating between 3 and 4 star rating, has moved up two steps to become a 5-star fund thanks to its improved returns. DSPML Balanced made a comeback to the 5-star club after being out of it for four months.

Two funds, Tata Dividend Yield and Reliance NRI Equity, have been rated for the first time this month. Being rated for the first time, Reliance NRI Equity has begun its rating life in the elite club of the Value Research Fund Rating with a 5-star tag. Tata Dividend Yield has scored a 3-star tag.

As many as ten funds lost their 5-star tag while ICICI Prudential Dynamic slipped to become a 2-star tag after enjoying the 4-star tag for the past six months.

As far as the fund families are concerned, Birla Sun Life AMC tops the chart with six of its funds finding a place in the top-rated category and 14 funds with a four-star tag. Closely following it are the ICICI Prudential and SBI Mutual; lagging behind by just one step with five 5-star rated funds.

Fund Families: How they Stack Up Fund House    «    ««    «««    ««««    ««««« ABN AMRO   2   2   2   1   - Benchmark   2   -   2   -   - Birla Sunlife   3   6   10   14   6 BoB   2   4   3   -   - Canara Robeco   2   2   4   5   - DBS Chola   1   3   3   1   1 Deutsche   1   3   2   2   1 DSP ML   2   3   4   4   2 Escorts   1   4   3   -   - Fidelity   -   -   -   1   - Franklin Templeton   -   7   19   8   2 HDFC   3   7   9   7   4 HSBC   1   1   6   4   1 ICICI Prudential   -   5   18   10   5 ING   -   6   5   4   - J M   3   6   3   1   - Kotak Mahindra   1   2   10   3   3 LIC   4   3   7   2   2 Principal   1   6   6   5   2 Quantum   -   -   1   -   - Reliance   3   -   6   5   3 Sahara   -   1   2   3   - SBI   4   5   8   5   5 Standard Chartered   2   5   4   3   1 Sundaram BNP Paribas   2   5   5   4   1 Tata   1   5   10   10   4 Taurus   3   1   2   -   - UTI Mutual Fund   3   11   11   3   4 As on November 30, 2007