Confident school coaches

first_imgSTETHS, coach Omar ‘Rambo’ Wedderburn “As you can see, the FLOW Super Cup brings a lot of excitement, ding-dong battles between town and country schools initially in the first round. It (FLOW Cup) gives more schools opportunities to express themselves, with the ultimate goal of being champions. “It is the second time for us in the FLOW Cup semi-finals, and we are confident we will in get past Wolmer’s, but we are not underrating the opponents.” Clarendon College, manager Richard Palmer “The Super Cup is certainly the champions league of schoolboy football. I love it. It is about the prestige and excitement it brings. “We have been performing well in all schoolboy competitions this year. We are in the semi-finals against Cornwall, so our chances are as good as any other team in the last four. We respect all opponents but have confidence in our ability as a team to perform on the day.” Wolmer’s coach Vassell Reynolds “It is a good competition that all teams want to win. “We are looking forward to the game, and we know that the STETHS team is a very good one in terms of structure and organisation and ability. “They will be pumped up by the fact that the daCosta Cup teams are doing very well, and we are the only Manning Cup team in the Super Cup. It is a tough encounter, but we will be prepared for it.” Cornwall College’s coach Dr Dean Weatherly “The FLOW Super Cup has done something for the schools in terms of the prize money and prestige. However, the organisers must consider to play it before or after the daCosta and Manning Cup. It is taxing on the players to be playing regularly. However, it is a good competition. “The game between Cornwall and Clarendon is a battle between two good teams. It will come down to the team that wants it more on the day. When dealing with youth, it’s about mental preparation for each game. I think we are ready as a team and willing to give it our all. We are the underdogs, so under little pressure.”last_img read more

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Miranda, Isip bring leadership to Marinerong Pilipino

first_imgDon’t miss out on the latest news and information. Jiro Manio arrested for stabbing man in Marikina Almazan vows to comeback stronger after finals heartbreak OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson NCAA volleyball: Racraquin powers San Beda to 4th straight win Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES Newsome sets focus on helping Bolts open new PBA season on right track “People say that we’re one of the strongest teams this conference, but that’s just on paper. There’s still a lot of things that can happen. So for us in the coaching staff, all we want is to build the team as one,” he said.Sports Related Videospowered by AdSparcRead Next Steam emission over Taal’s main crater ‘steady’ for past 24 hours Nonito Donaire vs Naoya Inoue is BWAA 2019 Fight of the Year OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson “I’m glad with the two of them because they’re willing to walk the extra mile and make sacrifices for this team,” said Banal after his side’s 94-92 win over Zark’s Burger-Lyceum on Thursday.Isip, 36, has been with Marinerong Pilipino since the team’s maiden conference in the 2017 Foundation Cup, while Miranda just arrived to the team after being left unsigned by Blackwater in the offseason.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkBut don’t count out the possibility of the two of them suiting up once again.“They’re just on stand by. Anytime that we need a veteran leadership, they are ready. They’re practicing with the team and our players,” the mentor said. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Miranda is listed as Banal’s lead deputy, tasked to guide playmakers like Renzo Subido, Achie Iñigo, and Joseph Terso. Isip, meanwhile, is working with the bigs like Abu Tratter, Vince Tolentino, and Papot Paredes.“It’s my responsibility to guide the guards because I’m sharing them my experiences in the PBA and the battles that I’ve had before,” said the 35-year-old.Miranda also clarified that he’s not hanging up his jersey just yet as he juggles his responsibilities as an assistant coach and a practice player for the Skippers.“I’m not retired. I might still play, but it depends on the situation. We’re helping the guards while also training with them. I’m just excited for this opportunity,” he said.But whether or not Miranda and Isip lace up those sneakers again, all the veterans are thinking of is helping Marinerong Pilipino compete this first conference.ADVERTISEMENT MOST READ Michael Porter Jr. stays patient as playing time increases PBA IMAGESHead coach Koy Banal is hoping to bank on the familiarity in enlisting former players Denok Miranda and Mark Isip as his new assistants in Marinerong Pilipino.Partners in Far Eastern University during the mid-2000s with Banal at the helm, the two veterans were on the bench aiding their former mentor when the Skippers opened their campaign in the 2018 PBA D-League Aspirants’ Cup.ADVERTISEMENT View commentslast_img read more

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Why honour a terrorist?

first_imgDear Editor,It is a sad day when terrorists and those convicted of terrorist-related actions can be defended by writing about different levels of crimes as in the recent letter in the press.Already, the one-sided Parliament meeting before the CCJ ruling opens spaces to defend the indefensible. Why honour the convict who died in a US prison of terrorism-related crimes?The Minister, who did not hesitate to put her name to this act, still has to answer questions on undue influence and unfair competition about the contracts to her husband. Is it that easy to step over the line? This is a new can of worms and is online for all to see which is taking place just after the horrific terrorist acts in Sri Lanka and New Zealand.Sincerely,R L Singhlast_img read more

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Four strikers to help out off the pace Giroud at Arsenal

first_img 6 Arsenal’s pre-season Emirates Cup defeat to Monaco suggests the club are still in need of a classic number nine striker up front.Even though Yaya Sanogo and new signing Alexis Sanchez impressed in the pre-season tournament, forward Olivier Giroud obviously lacked match fitness and was subbed at half-time.“It was really hard for me physically and I didn’t feel really well in the game but it is OK as I have this week to work because we have to be ready against City [in the Community Shield],” he said.Arsenal have spent big this transfer window, adding Mathieu Debuchy, Calum Chambers and David Ospina to their squad as well as £35m man Sanchez.Easing the pressure on Giroud would help them build on last season’s FA Cup success with a sustained Premier League title challenge.Click the arrow on the right to see four strikers the club could move for… 6 6 6 6 Christian Benteke: Aston Villa – Benteke ruptured his Achilles tendon in April, which ended the 23-year-old’s World Cup dream. Arsenal were monitoring the £26m-rated Belgian, who scored 34 goals in his first two seasons at Villa Park, before he was sidelined and a possible October return may encourage an approach. Villa chairman Randy Lerner is known to be keen to claw back some of the money spent since arriving at the club eight years ago. Karim Benzema: Real Madrid – Karim Benzema is another rumoured Arsenal target. The Real Madrid misfit recorded three goals and two assists as France progressed into the last eight at the World Cup. Although reportedly close to agreeing a new Madrid deal, if Arsenal were to make a move, his £200,000 a week wage demands rather than the £40m price tag could be a stumbling block. Do they want him that much? Radamel Falcao: Monaco – Radamel Falcao scored Monaco’s winner against Arsenal as he returned from the knee injury that ruled him out of the World Cup. The Colombian only signed for the French giants last summer, after netting 52 goals in two years at Atletico Madrid, but James Rodriguez’s departure to Real Madrid may have unsettled him. Falcao, valued at around £50m, was previously linked with Chelsea and may be open to playing in the Premier League where Arsenal have not been afraid to spend big. Real will offer stiff competition, though. Mario Balotelli: AC Milan – Liverpool boss Brendan Rodgers ruled out a £25m Liverpool move for controversial AC Milan striker Mario Balotelli, so Arsenal could yet swoop. The proven goal scorer, who is reportedly unhappy at Milan, netted 26 goals in 43 appearances and scored 20 goals in three years at Manchester City. 6 Click the arrow to see strikers who could ease the burden on Olivier Giroud – Arsenal are still in need of a proven goal scorer to help Giroud, so will any of the following five strikers do the job? The one who got away – Romelu Lukaku – Even though Everton paid a club record £28m to make Romelu Lukaku’s loan from Chelsea permanent, Arsenal could have hijacked the deal. The 21-year-old Belgian is of the same ilk as Arsenal nemesis Didier Drogba, is a proven Premier League goal scorer and the Gunners could offer both first team AND Champions League football. Lukaku performed well on loan spells at the Toffees and West Brom as well as at the World Cup.last_img read more

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Sporting Lisbon REJECT Spurs bid for star Portugal midfielder

first_img1 Adrien Silva celebrates for Sporting Lisbon Sporting Lisbon have rejected Tottenham’s initial offer for star midfielder Adrien Silva, according to reports in Portugal.The 28-year-old, who came close to a move to Leicester City last summer, is once again being lined up for a potential move to the Premier League.Tottenham have been keeping a close eye on the Portugal international over the last season, but have failed with their opening offer.According to O Jogo, Sporting have made clear their financial demands for Silva, having rejected an initial offer of £17.5m plus a further £4m in bonuses.It has been claimed that the Portuguese giants are looking for closer to £27m for their star asset, plus the £4m in bonuses Spurs have already proposed.Silva is currently away with the Portuguese national side preparing for this month’s Confederations Cup in Russia, but Tottenham may return with an improved offer in the coming weeks.last_img read more

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RIVERINE PROJECT AIMS TO BREATH NEW LIFE INTO LIFFORD AND STRABANE

first_imgThe Reconciliation through the Riverine Project had its official launch yesterday at an event jointly hosted by Strabane District Council, Donegal County Council and the Riverine Forum in the Alley Theatre, Strabane. The project, which is funded by the International Fund for Ireland, seeks to address the impact of the conflict on the Lifford/Strabane area and their surrounding towns and villages by regenerating the border riverside area.Announcing the launch of the project Paddy Harte said the Reconciliation through the Riverine Project will provide opportunities to develop cross community and cross border relationships in the Strabane Lifford and wider hinterland areas through a dedicated programme of reconciliation.“The project will also seek to consolidate the work undertaken over the last 15 years in terms of building peace and reconciliation and leave a lasting legacy through the regeneration of the border riverside area by creating an iconic shared space for all.”Funding of one million euro was announced as part of the project and will be used to deliver a youth participation and a community participation programme. This is integral to the overall development of the shared space to ensure ownership of the space and to strengthen relationships as a means to addressing the legacy of the conflict and providing opportunities to work together so as to embrace the many cultures and traditions of the area.Speaking at the launch, Cllr. Noel McBride, Mayor of Donegal stated that this project is a great example of cross border collaboration both at council and community level.He paid tribute to the voluntary members of the Riverine Forum who have been instrumental in ensuring that funding is secured for this type of work. He stated that without their commitment and engagement, we would not have been in a position to secure this funding.Cllr. Karina Carlin of Strabane District Council reiterated these comments and acknowledged the role of the International Fund for Ireland in terms of investing not only in this project but in the very many projects that they have supported in the Strabane Lifford area over the last 20 years. She stated that “the International Fund for Ireland has been a great friend to this area for many years, taking a risk for peace when it was a much more difficult thing to do and through this investment we are now in a place where it is possible to achieve greater reconciliation through a unique, innovative and iconic project such as the Riverine.”Speaking on behalf of the International Fund for Ireland, Winston Patterson stated, “This major project to develop a shared space for the people of Strabane and Lifford, on a site that has been for so long associated with division, will be a lasting legacy to the peace process and, in a way, a tribute to all those who have worked over the years to bring us to this stage. The Fund is delighted therefore to be involved in the project and to be providing €1 million in funding for strands two and three of the project.”Patricia Hegarty, Co-chair of the Riverine Forum, which was set up to provide a platform to facilitate contact, dialogue and reconciliation amongst the diverse range of communities that live in this area, welcomed the launch of this project. She stated that this project is a culmination of years of work both at Council and community level and she encouraged any community or youth group interested in becoming involved in the project or with any ideas that the project can help support, to contact the project team at their office in Lifford at 00 353 74 91 72212.  RIVERINE PROJECT AIMS TO BREATH NEW LIFE INTO LIFFORD AND STRABANE was last modified: April 3rd, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:iIffordRiverine Projectstrabanelast_img read more

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‘Taches to fight prostate cancer

first_imgSouth African men are urged to grow theirfurriest, funkiest moustaches to spreadawareness for prostate cancer.(Image: Grow Your Mo’)MEDIA CONTACTS• Nelia BlumrickGrow Your Mo’ campaign+27 82 316 8535info@growyourmo.co.za RELATED ARTICLES• SA scientist leads cancer fight • Rooibos yoghurt fights cancer • Top award for Rhodes scientist • Vaccine hope for SA womenKhanyi MagubaneSouth African men are being encouraged to ditch their razors and grow their thickest, furriest moustaches to get people talking about prostate cancer, a highly stigmatised condition that affects one in every six men.The first-ever Grow Your Mo’ drive, a quirky initiative of the Prostate Cancer Foundation (PCF), is intended to help protect men across South African by raising the public’s awareness of prostate cancer-related issues and generating support for the PCF’s cancer-fighting efforts.PCF is hoping that this humorous and light-hearted idea will help spread the message to as many man as possible in a non-threatening way.All proceeds raised by the campaign, which runs from 15 to 30 September 2009 to coincide with Prostate Awareness Month, will be donated to the PCF.Campaign coordinator Nelia Blumrick says the drive got off to a great start: “This is the first time we’ve launched such a campaign. It’s actually been going really well, and once people started talking about it, it really started picking up.”“We started out by putting up the [Grow Your Mo’] Facebook group, and then the website, and then it started spreading by word of mouth,” says Blumrick.The campaign encourages participants to submit photos of their manly facial hair to the Grow Your Mo’ website and enter the Best mo’ on show competition. The best moustache each week during the 15-day campaign will be displayed for all to see in the Man of the Mo’ment frame on the site.“Every aspect of ‘Mo’-craft’ will be taken into account: length, shape, colour, grooming, luxuriance, novelty and so forth. The men who make names for themselves in this competition will go down in history as some of the finest specimens humanity has ever produced,” reads the website.At the end of the month there will be grand prize-winner, although the booty is being kept a secret.For those not so keen to sprout their whiskers, there’s a Mo money draw, which can be entered by sending a text message with your name to 40026 – the number is applicable only in South Africa, though. Messages cost R20 (US$2.69), which will be donated to PCF. Alternatively you can send a cash pledge to the organisation, the banking details of which are on the website.The campaign can also be followed on the social networking site, Twitter.What is prostate cancer?According to PCF, prostate cancer is the leading cancer among men in South Africa and more than 4 000 men are diagnosed with it every year.It occurs when cells within the prostate – a gland in the male reproductive system – grow uncontrollably and form a number of small tumours.If caught early surgery or radiation can effectively eliminate the tumours, but in its early stages the cancer produces few or no symptoms and can be difficult to detect.If untreated and allowed to grow, the cells from the tumours can spread in a process called metastasis. Prostate cancer cells are transported through the lymphatic system and the bloodstream to other parts of the body, where they lodge and grow secondary tumours.Once the cancer has spread beyond the prostate, chances of it being treated successfully are reduced.Early detection vitalAbnormal cell growth in the prostate can be detected early if men go for regular medical check-ups, where a digital rectal exam or Prostate-Specific Antigen (PSA) test is carried out.If a blood sample reveals high levels of PSA, a protein produced in the prostate, there could be cause for concern.PCF says it’s unfortunate that men often know more about breast cancer than they do about prostate cancer, as it’s not as widely publicised.“I think most men are aware of it, but they don’t want to talk about it, because it has to do with their genital parts. I think if it were any other part of the body, it would be easier to talk about,” Blumrick adds.The older the man, the more susceptible he is to prostate cancer. In the US more than 65% of cases are found in men over the age of 65. Men who have had a parent or brother with prostate cancer, and those with a poor diet and lifestyle, are also more at risk.Although there are no clear-cut signs of prostate cancer, PCF says men should see a doctor promptly if the following symptoms occur:• A need to urinate frequently, especially at night• Difficulty starting urination or holding back urine• Weak or interrupted flow of urine• Painful or burning urination• Difficulty in having an erection• Painful ejaculation• Blood in urine or semen, or• Frequent pain or stiffness in the lower back, hips or upper thighs.last_img read more

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Houses by Northwest Builder Win Awards

first_imgTwo houses in Oregon built by Hammer & Hand have won 2014 Green Home of the Year awards from Green Builder magazine, and the Pacific Northwest firm has gone to unusual lengths to explain how high-performance houses like these are made.The award winners are the Karuna House, designed by Holst Architecture, in Yamhill County, and the Pumpkin Ridge Passive House, designed by Scott Edwards Architecture, in North Plains. Karuna House won the “Best Building Science” award; Pumpkin Ridge won the “Best Mainstream Green” award.The twin awards make Hammer & Hand the only multiple award recipient in the national competition, the company said in an announcement.The company previously offered for free a field guide of construction practices used by its crews in the field. Presentations on both of these award-winning houses use blogs and videos to add another layer of detail. ‘Mainstream’ award winnerThe more approachable Pumpkin Ridge Passive House (photo below) should have very low heating and cooling bills, but Hammer & Hand says it will be no more expensive to own than a conventional house when monthly energy costs are weighed against mortgage, taxes and insurance.In addition to meeting the PHIUS requirements, it’s also a Department of Energy Zero Energy Ready Home, and certified Earth Advantage Platinum.Published blogs and videos provide less technical detail on this house than the Karuna House, but you can hear from the owners why they chose Passivhaus construction, and Zola Windows President Florian Speier talk about windows and doors. House wins three certificationsKaruna House, overlooking wine vineyards in a region southwest of Portland, is the first in the world to win certification from the Passive House Institute US (PHIUS), Minergie-P ECO, a Swiss standard, and LEED for Homes-Platinum, Hammer & Hand said.It’s a net-positive building, meaning its ground-mounted photovoltaic array with a capacity of less than 10 kW produces more power than the house needs on an annual basis, including the juice for the homeowner’s electric car.It doesn’t look like a house many people could afford (Hammer & Hand won’t say how much it cost to build, but published reports put the construction cost at $2 million), but the techniques and materials used to construct it are of potential interest to many builders. And Hammer & Hand has left few of them behind the curtain. In a construction blog written by Zack Semke, director of business development, and videos featuring project lead carpenter Scott Gunter and several other specialists, visitors to Hammer & Hand’s website get an inside look at many construction details.In the sequence on the exterior walls, for example, Gunter talks in separate videos about the use of high-density cellulose, the air-barrier system, the rain screen, liquid-applied window flashing, and window installation. You’ll get theory as well as technique.There are similar treatments for the foundation, windows and doors, and mechanical systems.last_img read more

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IPL 2011: Delhi and Hyderabad fight for survival

first_imgIt will be a battle for survival when down-in-the-dumps Delhi Daredevils take on an equally distraught Deccan Chargers in their Indian Premier League (IPL) encounter at the Rajiv Gandhi International Stadium in Hyderabad on Thursday.Having got all their calculations wrong right from picking the right combination of players in the auctions to losing matches from strong positions, Delhi will not only have to win all their remaining matches, but also hope that other results turn out in their favour if they want a backdoor entry into the play- off stage of the IPL. Delhi will once again hope that skipper Virender Sehwag leads from the front as they have their backs to the wall.While the batting depends heavily on Sehwag and David Warner, who has 254 runs from nine matches, the bowlers haven’t come good either.Although Morne Morkel – 11 wickets – and Irfan Pathan – six wickets – have fired in patches, the consistency is definitely missing.Even the back- up bowlers have been off the mark.The domestic players have been the biggest disappointment for Delhi as other than Venugopal Rao, 250 runs from nine matches, most have failed to justify their selection.Deccan on their part aren’t any better off.Led by Kumar Sangakkara, the team has failed to click as a unit. One more loss and they too will be on the verge of an early exit.They have one of the most successful pace bowlers in the world in Dale Steyn, who has picked 10 wickets from eight games at a good economy of 6.85. Ishant Sharma, however, has failed to pick up wickets regularly or stem the flow of runs.advertisementBut Amit Mishra and Pragyan Ojha have done a fine job and Sangakkara will be hoping that they can spin a web around the Delhi batsmen.In the batting department, the likes of Cameron White – 89 runs from five matches – and domestic star Shikhar Dhawan – 197 runs from nine matches – have failed to take the initiative.It has been a lone battle for San- gakkara – 250 runs from nine matches – who too has failed to get going in tough situations.Having played against Kolkata Knight Riders on Tuesday, Deccan didn’t train on Wednesday.But Delhi hit the nets with a vengeance.While Sehwag was missing as he will arrive only on Thursday morning – celebrating his son’s birthday – Warner looked more than eager to hit out of the poor form that has struck him.In the bowling department, while Irfan seemed to be hitting a nice rhythm as he got the ball to swing in to the batsmen, Morkel was content hitting the deck and troubling the batsmen with pace.Irfan even had a prolonged session with the bat as all the batsmen looked to play the spinners considering that both Mishra and Ojha have been in fine form.With the wicket at the Rajiv Gandhi International Stadium known to be a batting paradise, it will be interesting to see if Sehwag can stamp his authority or whether the Deccan Chargers finally manage to improve their record at home.last_img read more

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We bring you detailed analysis of how funds in each category fared in 2014/15

first_imgAfter being in stupor for years, the Indian stock market gained ground in 2014, owing to the election of a majority government at the Centre. From March 2014 to March 2015, the Bombay Stock Exchange (BSE) Sensex rose from 22,400 to 28,500. Although this translates into a gain of 25 per cent, mutual funds that invest in stocks did better. As our latest edition of annual mutual fund rankings by Value research shows, they beat all asset classes, with large-cap funds delivering an average return of 31 per cent, large and mid-cap funds 43 per cent and multi-cap funds 48 per cent.The out performer was the mid- and small-cap category, which returned 67 per cent, followed by tax planning funds (47 per cent). Among sector funds, pharmaceutical funds topped with 67 per cent returns. Infrastructure funds were close behind with 52 per cent returns as the government’s thrust on building infrastructure pushed up stocks in the sector. Banking funds followed with 41 per cent returns owing to reduction in interest rates by the Reserve Bank of India (RBI). But the sector was plagued by the under performance of PSU banks owing to their high nonperforming assets.Returns from technology funds were slightly subdued (33 per cent) compared to others owing to the cyclicality of rupee earnings and investors’ preference for other high-beta sectors. Funds that invest in the fast-moving consumer goods companies delivered 26 per cent returns. However, investors must understand that these returns average out over the long run and they must invest based on their risk profile and investment objective. For first-time investors, largecap diversifi ed equity funds are the best, as they have lower volatility.advertisementClick here to Enlarge Further, they should stay neutral about short-term market movements and continue to invest systematically for the long term. Investing through the systematic route and diversifying across asset classes is the best way to deal with market volatility. Debt funds also gave double-digit returns as the RBI cut interest rates by 50 basis points from eight per cent in December 2014 to 7.50 per cent. Fall in interest rates and yields is good news for bond investors as interest rates and bond prices share an inverse relationship; a fall in interest rates leads to a rise in bond prices, increasing net asset values of income funds. However, of late, some volatility has returned to the market due to global sell-off in debt markets, including in India, concerns over increase in US interest rates and uncertainty about monsoon and, hence, inflation. These have led to an increase in bond yields.Hence, it may be prudent to invest in these funds based on your risk profile and objective. Investors with a short-term horizon of less than six months could invest in ultra short-term plans. For an investment horizon of six months to one year, they can look at short-term income plans. For a medium-term horizon of one year and more, accrual funds (that focus on interest payouts) could be a suitable investment. Investors with a longer horizon of more than three years can invest in duration funds, which gain from capital appreciation as well as earn interest income. We bring you a detailed analysis of how funds in each category fared in 2014/15.Click here to Enlarge  EQUITY FUNDS Returns from the large-cap equity category have been in line with the rise in the Sensex with top performers delivering between 30 per cent and 40 per cent. Out of 83 schemes in the category, two thirds beat the 27 per cent returns given by the Nifty for the year ended March 2015. The worstperforming fund equity returned 14 per cent. Axis Equity Fund, the top performer, returned 34 per cent, followed by UTI Equity Fund and JP Morgan India Equity Fund, which returned 43 per cent and 44 per cent, respectively. These are closely followed by Religare Invesco Business Leaders Fund and ICICI Prudential Focused Blue chip Fund.JP Morgan Equity Fund, Religare Invesco Business Leaders Fund and LIC Nomura Growth Fund are the new entrants in the top 10 list this time. Large & mid-cap funds, which invest 60-80 per cent money in large caps and the rest in mid-caps, did better than the large-cap funds and returned 43 per cent on an average. Top-rated funds in the category, SBI Bluechip Fund (highest score), ICICI Prudential Indo Asia Equity Fund and L&T Equity Fund, delivered more than 45 per cent. BNP Paribas Equity Fund, SBI Magnum Multiplier, Franklin India Flexi Cap and The Prima Plus returned in excess of 50 per cent. Religare Invesco Dynamic Fund is the new entrant in the top 10 list this year along with Tata Equity Opportunities Fund. Mid-cap and small-cap funds have done wonders to investors’ portfolios. These invest in midcap and small-cap companies, which are more volatile than the large-cap companies. The risk paid off in 2014/15. The category gave returns of 66 per cent, much more than the 50 per cent rise in the CNX Midcap Index and the 52 per cent spike in the CNX Small cap Index. Franklin India Smaller Companies Fund has been consistently featuring among the top 10 in the category. It returned 77 per cent during the year. In terms of returns, DSP Black Rock Micro Cap fund beat the rest with a return of 98 per cent.advertisementJP Morgan India Mid and Small Cap Fund, a new entrant in the top 10 list, gave returns of 82 per cent. These have done exceedingly well over the last fi ve years, returning more than 20 per cent every year. Some of the last year’s top 10 players, IDFC Premier Equity, SBI Emerging Businesses and Axis Mid Cap, have slipped this year. However, they continue to do well Multi-cap funds have a wide mandate. They invest without any sector or market-cap bias and so have more room for stock selection than others. The average category returns are 48 per cent. Tata Ethical Fund and Mirae Asset India-China Consumption Fund continue to be in the top 10, returning 47 per cent and 45 per cent, respectively. The top fund in the category is a new entrant, Franklin India High Growth Companies Fund, with a score of 0.93 and returns of 73 per cent.Dividend yield funds also fall in this category as they invest in companies with different market capitalisations. BNP Paribas Dividend Yield Fund returned 55 per cent during the year. Birla Sun Life Advantage Fund replaced last year’s top performer, Birla Sun Life Equity Fund. Most other funds continued to be in the same slot as last year. Tax-planning funds, also known as equity linked savings schemes, are eligible for income tax deduction under Section 80C of the Income Tax Act (up to `1.5 lakh). The category delivered average returns of 47 per cent in 2014/15, comparable to many large-cap, mid-cap and multicap funds. In the category, Axis Long Term Equity maintained its top slot with a score of 0.84 and a low risk grade. It returned 62 per cent. Its closest followers are ICICI Prudential R.I.G.H.T. Fund, SBI Tax Advantage Fund – Series II and BNP Paribas Long Term Equity Fund – they all returned around 59 per cent. While Quantum Tax Saving Fund and Franklin India Tax Shield Fund fell out of the top 10 list, three new funds – BNP Paribas Long Term Equity Fund, IDFC Tax Advantage Fund and Birla SunLife Tax Relief 96 Fund – got a fi ve-star rating this year. Among sector funds, banking funds are being featured for second time in our annual mutual fund rankings, which is purely a function of their emergence in the last couple of years.Click here to Enlarge The category delivered average returns of 41 per cent. The top performer, ICICI Prudential Banking and Financial Services Fund, returned 52 per cent. It is followed by Reliance Banking (49 per cent) and Religare Invesco Banking Fund (47 per cent). There has been a big divergence in performance of banking stocks with the overall banking index up 42 per cent in 2014/15, but the PSU Banks rising just 25 per cent. This can be attributed to volatility in interest rates and rising NPAs of government-owned banks. Infrastructure funds have turned around in the last two years owing to the impetus the sector has got from the government.advertisementThe 52 per cent category returns in the last one year made up for the three-year return of 17 per cent. However, on a fi ve-year basis, the category has returned only seven per cent compared to 11 per cent a year rise in the Nifty. Franklin Build India Fund has scored the highest in the category again with 85 per cent returns and lowest risk grade. It is the only fund that has managed to deliver 20 per cent a year on a fi ve-year basis. The other fund with fi ve-star rating in the category, Religare Invesco Infrastructure Fund, has moved up to the second place from fi fth last year, returning 77 per cent. Kotak Infrastructure and Economic Reform Fund and Canara Robeco Infrastructure Fund returned above 60 per cent, though on a relatively higher risk base.TOP HYBRID FUNDSHybrid equity-oriented funds delivered 37 per cent returns on an average. Known as balanced funds, they invest majority of assets (65 per cent) in equities and the rest in debt. These funds are taxed like equity funds (gains after one year and dividends are not taxed). The debt portion provides cushion when stock markets fall. That is why returns from these funds are less volatile than those from pure equity funds. The best performer, Tata Retirement Savings Fund, delivered a return of 58 per cent. It is a new entrant in the top 10 list. SBI Magnum Balanced Fund, Tata Balanced Fund and L&T India Prudence Fund returned 44 per cent, 53 per cent and 46 per cent, respectively. HDFC Balanced Fund continues in the top 10 list, followed by ICICI Prudential Balanced Fund and ICICI Prudential Balanced Advantage Fund. Franklin India Balanced Fund and Birla Sun Life 95 Fund are back in the top 10 list, albeit with a little higher risk rating.Hybrid debt-oriented funds invest a bigger chunk of investor money in debt and the rest in equities. They are called aggressive or conservative depending upon their allocation to equities. Among funds with a higher allocation to equities, Escorts Opportunities Fund has the highest score of 1.11. On a relatively lower risk base, the fund gave returns of 33 per cent. It is followed by Birla Sun Life Monthly Income Plan II – Wealth 25 Plan, which returned 27 per cent (with equity allocation of 25 per cent). Conservative funds were not too far behind, with ICICI Prudential Child Care Plan -Study Plan – Regular Plan, scoring the highest with a return of 31 per cent, followed by SBI Magnum Monthly Income Plan (19 per cent) and Franklin India Monthly Income Plan (22 per cent), albeit with relatively higher risk. Some conservative funds are better known as Monthly Income Plans. They invest just 15-25 per cent money in equities. They pay regular dividends but are not obliged to do that under the law. Click here to EnlargeTOP DEBT FUNDSLiquid funds gave an average return of nine per cent, with top performing ones returning 9.2 per cent. As money market rates continued to be attractive, these returns are in line with those given by many ultra short-term funds. This category is least affected by interest rate movements. Among liquid funds, JM High Liquidity Fund and Tata Money Market Fund have been rated fi ve-star. They returned nine per cent each. Ultra short-term funds delivered average returns of nine per cent, in line with the performance of liquid funds, owing to the short maturity of their underlying portfolio. The average maturity of ultra short-term funds over the last 12 months has been six months to one year, which makes it ideal for a similar investment horizon. Taurus Short Term Income Fund scored the highest with a return of 9.75 per cent. It qualifi ed as an ultra short-term fund due to the tenure of papers held by it.There is an interesting candidate in the list, Religare Invesco Credit Opportunities Fund, a credit opportunities fund that has a portfolio of an ultra-short term fund. It returned 9.5 per cent.Short-term funds delivered 10.5 per cent, better than liquid and ultra short-term funds, owing to the longer maturity of their underlying portfolios. The more the duration of a portfolio, the more the fund benefi ts from interest rate movements. These funds typically invest in debt papers. The average maturity of these papers in 2014/15 was between one year and 4.5 years. The best performing funds in this category are Birla Sun Life Treasury Optimizer Fund and Franklin Short Term Fund (12 per cent returns).Birla Sun Life Medium Term Plan also did well with 12 per cent returns.Debt income funds had a volatile year. In spite of this, they have given decent returns. The category average is 13 per cent with the top performing fund, ICICI Prudential Long Term Income Plan, returning 20 per cent. Many returned less than nine per cent, too, as they took conservative bets during the interest rate downturn. Dynamic bonds funds, which play on duration, did well during the period. They benefi ted from interest rate volatility.Click here to EnlargeIn the category, UTI Dynamic Bond Fund gave returns of 15 per cent. Falling interest rates also benefi t gilt funds. The 10-year government bond yield fell from 8.5 per cent at the end of 2014 to 7.7 per cent in January 2015. As a result, long-term gilt funds delivered 17 per cent returns on an average. The best performing fund in the category, SBI Magnum Gilt Fund, returned 21 per cent, followed by Birla Sun Life Gilt Plus (20 per cent). Sundaram Gilt Fund, the new entrant in the top 10 list (it was in the short-term gilt fund category last year), returned 13 per cent on a relatively low-risk base. The fund’s three-year performance (15 per cent returns) is better than that of its peers.IDFC GSec Funds are missing from this year’s top 10. BNP Paribas Gilt Fund and Reliance Gilt Fund are the new entrants in the top 10 league with a superior performance of 19 per cent. The shortterm gilt fund category returned nine per cent on an average with a few funds delivering more than 10 per cent. SBI Magnum Gilt Fund and IDFC Government Securities Fund returned 13 per cent each. The top 10 list in this category is more or less similar to last year’s. Click here to Enlarge VALUERESEARCH RANKING METHODOLOGYThere are 15 fund categories considered for this study. These have been ranked on the basis of risk-adjusted returns.RISK: To calculate risk, monthly/weekly returns were compared with monthly risk-free returns for equity and hybrid funds; for debt funds, weekly risk-free returns were considered. State Bank of India’s 46 to 90 days term deposit rate, which is 5.5%, was assumed as the risk-free return. For months/weeks that the fund had underperformed the riskfree return, the magnitude of underperformance was added. This was then divided by the category average to get a risk score, which was ranked with those of other similar funds, and a relative risk score assigned.RETURNS: Monthly/weekly returns of each fund (adjusted for dividend, bonus or rights) were compared with the monthly/weekly risk-free return to get the fund’s total returns in excess of the riskfree return. The monthly average risk-adjusted return was then divided by the average category return for the return score. In case of negative category average, the risk-free return was used as the benchmark. The returns were then ranked with other funds of the same type and a relative return score assigned. All return estimates assumed reinvestment of dividend adjusted for bonus or rights. Finally, a composite risk-return score was obtained by subtracting the risk score from the returns score.last_img
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