Top ten Mutual Funds by performance in India

There is loads and loads of news about number of mutual funds on almost every business tv channels in India these days, some of them are promising while others are completly dumb mutual funds yet they advertise as they are the best Mutual Funds available in India , which is infact very confusing for a new person who is interested in Mutual Funds investments.

here is the list of top 10 mutual funds according to their actual return percentage please refer to following list and be careful while investing in Mf's which are not in this list. You can always read my post on Mutual Funds investing.

Mutual Fund	Category	3 Year Return
IDFC Premier Equity	Equity	20.92 percent
ING Dividend Yield	Equity	20.36 percent
Reliance Regular Savings Equity	Equity	19.58 percent
Birla Sun Life Dividend	Equity	18.72 percent
UTI Dividend Yield	Equity	18.68 percent
ICICI Prudential Fund	Equity	17.34 percent
HDFC Top 200	Diversified	17.16 percent
Reliance Regular	Hybrid	20.14 percent
HDFC Prudence	Hybrid	16.24 percent
Canara Robeco	Debt	13.85 percent

Indian Stock Markets | SENSEX | NIFTY closes in red

All the major Indian stock indices remained in red throughout the trading day and finally closed in red to because of global cues and China, Metals and Auto companies stock were hit the most during intraday trading. Market breadth was negative on the BSE with 743 declines against 559 advances.

The 30 share benchmark index Sensex closed at 17503.33, down by 197.57 points compared to previous close. National Stock Exchange’s Nifty also followed and closed at 5249.20, down by over 63.30 points.

BSE Midcap Index was down 0.44 per cent and BSE Smallcap Index was up 0.10 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.71 per cent, BSE Realty Index fell 1.40 per cent and BSE Auto Index slipped 1.37 per cent.

Bulls at SENSEX for 6th straight quarter

Indian Stock Markets are on a bullish streak with major indices trading in green now for sixth straight quarter, A feat which is longest in past 20 years of BSE's trading history.For the quarter ended June, the 30-share BSE index outperformed the MSCI's measure of Asian shares other than Japan which shed nearly 9 percent.

Foreign funds have pumped in $6.7 billion in Indian equities so far in 2010, after investing a record $17.5 billion in 2009. The BSE index may rise to 19,000 points by end-2010, the median estimate in a Reuters poll of 20 market participants showed, while 17 forecast it rising to 21,000 by end-June 2011.

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Reserve bank all set to launch House Start Index

(posted under - RBI news, RBI of India)- The Reserve Bank of India (RBI) will soon launch a house start index, which will help gauge activity in the construction sector that employs a significant chunk of the country’s labour force.

The index is expected to give an indication of the level of activity in the construction sector, which in turn will help the central bank gauge the state of the real estate sector. Housing activity is considered as amongst the important lead indicators of economic activity, given its strong and substantial forward and backward linkages with other sectors of the economy.

Wholesale debt Market's turnover touches 568 crores

Top securities (non-repo) that traded at the WDM were the 7.27 per cent government security maturing in 2013, which traded at Rs 125.00 crore at a weighted yield of 6.70 per cent, the 7.80 per cent government security maturing in 2020, which traded at 55.00 crore at a weighted yield of 7.59 per cent and the 8.20 per cent government security maturing in 2022, which traded at Rs 40.00 crore at a weighted yield of 7.98 per cent.

This week, the weighted yields on government securities with a maturing period of 0-3 years, 3-7 years, 7-10 years and more than 10 years were quoted at 5.59 per cent, 7.18 per cent, 7.61 per cent and 7.98 per cent, respectively.

The weighted yields on treasury bills maturing within 90 days were 5.33 per cent, 91-182 days at 5.18 per cent and 183-365 days at 5.30 per cent.

The traded value of government securities, treasury bills and state government securities was Rs 6,435.39 crore and that of non-government securities was Rs 3,595.69 crore, representing 64.15 per cent and 35.85 per cent of the total traded value