Reliance's Rating Goes Down

In the latest issue of Mutual Fund Insight dated 15 Oct - 14 Nov, 2007, wherein the Top 25 Funds are listed, the Reliance Vision Fund is shown as part of the list on page 4 and page 26. However, on page 14 and page 106, where the top rated funds are listed, Reliance Vision Fund is shown having a 4 star rating with a down arrow, whereas the Reliance Growth Fund has been given a 5 star.
Can you let us know the reason for this apparent discrepancy?
-Suresh V Rao

The list of the 25 first class funds picked by us is based on in-depth analysis and research carried out by our team at Value Research. The list was not based solely on the fund ratings assigned to each fund, but also on the various other fund attributes.

Regarding the fund rating given to the Reliance Vision Fund, the Value Research Fund Ratings are updated on a monthly basis. Reliance Vision, which was previously a 5 star rated fund for almost 5 years, was assigned a 4 star rating on 30th September 2007. Due to this, you can see the down arrow next to the fund name in the magazine, which signifies that the star rating of the fund has fallen as compared to the previous month.

(Source: Value Research)