India’s leading financial daily, The Economic Times [09-Feb] has come up with a Rating on Mutual Funds. The ratings suck and we advise our readers who want to create wealth over long term not to follow the same.
Economic Times analyst rate, SCAM tainted and PSU influenced SBI as the best fund house. It has ranked 4 funds from the SBI stable at Platinum rank and none from Reliance Mutual Fund or Franklin Templeton India.
Also the best performing mutual fund in the Indian market which is the single largest fund organically grown and consistently performed, HDFC Equity Fund is missing out of the ranking.
Some Reliance Funds are slightly bigger in size of corpus than HDFC equity but they are all raised through New Fund Offering.
Their is no mention of Reliance Growth Fund, Reliance Vision Fund or Franklin Templeton Prima and Franklin Templeton Bluechip fund which are so far the best managed large diversified equity funds in the Indian market.