Star Count

The biggest strides over the month were made by ING Vysya Gilt which saw its rating revised from 2-star to 5- star. Among the hybrid equity oriented, Birla Sunlife'95, Birla Balance and ING Vysya Balanced were downgraded by 1- star each. In the Equity Diversified space UTI Growth & Value, Birla MNC and BoB Growth saw their ratings revised by 1- star each to settle at 2- star. Consequently, the biggest losers among the fund houses was Birla Sunlife and SBI Mutual Fund, with 7 of their funds being downgraded. Although Franklin Templeton did not fare too well, Franklin India Prima was upgraded to 5- star from its earlier 4- star rating.

ABN AMRO saw one of its 4- star rated fund upgraded to 5- star. BoB added a 4-star in its kitty. Canbank experienced qualitative gains with Canbalance II moving to the 5-star category and CanIncome, a 3-star fund upgraded to 4-star.

Reliance found three of its funds upgraded to the 5-star category, while three of its newly-rated funds were rated 3-star. DSPML retained the distinction of having the highest proportion of schemes in the 4- and 5-star categories.

Sundaram Mutual Fund saw the maximum gains with 7 of its funds moving forward. And HDFC emerged as the fund house with the maximum number of 5-star funds for the second consecutive month.

During the month of December, 11 new funds were included in the ratings, taking the total number of rated funds to 410. Of these rated funds, 56 funds were downgraded, while 32 up.

Fund Family: How They Stack Up AMC Name    1-star    2-star    3-star    4-star    5-star ABN AMRO   -   3   -   1   1 Benchmark   1   1   1   -   - Birla Sunlife   1   6   14   11   3 BoB   1   3   2   2   - Canbank   4   2   4   2   3 DBS Chola   1   2   5   -   1 Deutsche   1   2   3   2   - DSP ML   -   2   1   9   - Escorts   -   2   2   2   - Franklin Templeton   2   13   9   6   2 HDFC   3   9   4   7   6 HSBC   -   2   7   2   - ING Vysya   2   5   3   1   1 J M   -   2   7   4   - Kotak Mahindra   -   4   6   4   3 LIC   5   3   6   2   2 Principal   1   4   7   6   1 Prudential ICICI   1   1   21   2   3 Reliance   3   -   3   5   5 Sahara   -   2   1   2   - SBI   5   5   7   -   4 Standard Chartered   3   5   -   2   2 Sundaram BNP Paribas   -   2   6   4   1 Tata   3   3   12   4   2 Taurus   4   -   2   -   - UTI Mutual Fund   -   9   10   11   3 Data as on December 31, 2006