During this period, UTI Money Market Fund has given a (NAV to NAV) return of 5.39 per cent, JM Debt Fund (G) option of 5.96 per cent, Templeton Liquid Fund of 4.90 per cent, Kothari Pioneer Treasury Fund of 4.59 per cent and Prudential ICICI Liquid Fund of 4.64 per cent.

In this six-month period, the other funds in the category namely, Alliance Cash Manager has given a return of 4.48 per cent, DSP-ML Liquidity Fund of 4.45 per cent, JM Debt Fund (D) option of 4.32 per cent, Reliance Liquid Fund of 4.01 per cent and Birla Cash Plus of 4.01 per cent.

In the three-month period from November 30 to February 26, 1999, JM Debt Fund has given a (NAV-NAV) return of 2.98 per cent, UTI MMMF 2.58 per cent, Templeton Liquid Fund2.53 per cent, Prudential ICICI Liquid 2.29 per cent and DSP Merril Lynch Liquidity Fund with a return of 2.26 per cent are the top performers in the category.

During this period, Sun F&C Money Value Fund gave a return of 2.19 per cent, Alliance Cash Manager 2.16 per cent, Reliance Liquid Fund 2.06 per cent, JM Debt Fund (D) 2.03 per cent, Kothari Pioneer Treasury Management Account 1.91 per cent and Birla Cash Plus 1.90 per cent.

The liquidity fund for the one month period from January 29 to February 26, 1999 have on an average given a return of 0.6 per cent. Noteable among them are UTI MMMF with a return of 0.84 per cent, JM Debt Fund (G) option 0.87 per cent, Templeton Liquid Fund 0.78 per cent, Prudential ICICI Liquid Fund 0.71 per cent and DSP-ML Liquidity Fund 0.70.