Prajna Capital - An Investment Guide

Despite being around for more than a decade, Escorts Mutual Fund is a virtual non-entity. Though it holds a number of schemes, this fund house is one of the smallest players. This is an AMC which seems to lack direction. A very small player, it showed no sign of even wanting to corner a bigger slice of the pie. During 2002 to 2004, the AMC did not launch a single scheme. But surprisingly, this year it has been quite aggressive with the launches of two FMPs and two equity funds, Escorts Leading Sectors and Escorts Power and Energy. If one looks at the returns of its two oldest funds, Escorts Tax Plan (March 2000) and Escorts Growth (March 2001), the performance has not been consistent. But neither has it been abysmal. In fact, at times it has quite impressed. The performance of the debt funds too has been noticeable. Escorts Opportunities and Escort Income Bond, both hybrid funds with a debt orientation, have been good funds. Escorts Income had a phenomenal run in 2003 and 2004 but has ...