Reliance MF leads Crisil Mutual Fund rankings in Sept quarter

NEW DELHI: Reliance Mutual Fund has emerged as the most successful fund house in the country for the quarter ended September 2009, riding on strong performance by both equity and debt oriented schemes, according to Crisil FundServices.

Crisil's Composite Performance Rankings (CPR) for July-September 2009 period saw Reliance MF emerging as the fund house with most number of CPR 1 ranks, repeating its first quarter performance.

Crisil CPR is the relative performance ranking of mutual fund schemes within the peer group.

"A number of Reliance MF's equity oriented funds have performed creditably on risk adjusted returns. On the other hand, its debt oriented funds have done well on portfolio attributes like asset quality, asset size and liquidity," Crisil FundServices Director Krishnan Sitaraman said.

Reliance MF achieved ten CPR 1 ranks (the same as in the previous quarter), while HDFC MF showed an improvement by bagging seven CPR 1 ranks compared to six in previous quarter.

ICICI Prudential MF and UTI MF followed with six CPR 1 ranks each, while Birla Sun Life MF and DSP BlackRock MF were other strong performers bagging five CPR 1 ranks each.

The rankings are assigned every quarter with 21 different peer groups such as large-cap equity funds, mid and small-cap equity funds, balanced funds and liquid funds.

Crisil-CPR is assigned on a scale from 1 to 5, with the top rank of CPR 1 indicating 'very good performance'.