ANNUAL REPORT CARD

The Indian equity market is in an upbeat mood, and almost all the funds in the OLM 50 list are among the top five funds in their respective categories in terms of performance.

- Kundan Kishore

As experts suggest a portfolio review regularly, here's our annual review of the OLM 50 list. This time we are replacing three funds in the OLM 50 list

The Indian equity market is in an upbeat mood, and almost all the funds in the equity category that are part of OLM 50, our basket of curated and handpicked funds, have made the most of it. Not just in equity, but even in the hybrid and debt categories, the majority of our schemes are among the top five schemes in terms of performance over the last year, in their respective categories.

Yet, it's time for the annual review of the OLM 50 list. Experts recommend a portfolio review regularly; we have now made it an annual exercise instead of half-yearly to ensure we give our funds time to breathe across market cycles.

For two years, no mutual fund scheme in any category was dropped, but this time we are tinkering the OLM 50 list slightly, by dropping three schemes and replacing them with the ones in which we see more potential (see The New Entrants and The Dropouts).

HOW DID OLM 50 FARE?

In the equity category, the majority of OLM 50 funds managed to beat the category average. The outperformance was sharper in the small-cap category, while mid-cap funds underperformed. In the hybrid category, all schemes outperformed their benchmarks and the majority of them beat the category average.

Over the past one- and three-year periods, large-cap funds of OLM SO returned 32.13 per cent and 19.38 per cent as against 31.94 per cent and 16.64 per cent by the Nifty 100 TRI index, respectively.