Comparative Analysis of Mutual Fund With India Infoline by Nikita Chinchane-libre

8/12/2019 Comparative Analysis of Mutual Fund With India Infoline by Nikita Chinchane-libre

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1

A PROJECT REPORT

ON

COMPARATIVE ANALYSIS OF MUTUAL FUND ON THE

BASIS OF ALPHA, BETA, AND STANDARD DEVIATION

FOR

INDIA INFOLINE, PUNE

BY

NIKITA BHARAT CHINCHANE

MBA Semester III

Pr!e"t #$%&ePr'( VAISHAMPAYAN

I) P*rt%*+ F$+'%++me)t ' te Re-$%reme)ts ' teT./Ye*r F$++/T%me P#PM Pr0r*mme

' teSMVIM

St( M%r* V%s.*2*rm* I)st%t$te O' M*)*0eme)t3P$)e

AY: 2007-08


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4

ACKNOWLEDGEMENT

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3/81

INDEX

Sr.No. TOPIC Page no.

EXEC!TI"E S!MMA#Y $

2 #ESEA#C% O&'ECTI"E $

( SCOPE O) P#O'ECT *

$ #ESEA#C% MET%ODOLGY *

* )INDINGS AND ANALYSIS +

+ LIMITATIONS +

7 A&O!T INDIA IN)OLINE 7

8 INT#OD!CTION O) M!T!AL )!ND 2

, COMPA#ISON O) M!T!AL )!ND (7

0 CONCL!SION

&I&LIOG#AP%Y

:


4/81


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35/81

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COMPA#ATI"E ST!DY O) M!T!AL )!NDS ON T%E &ASES O) ALP%A

&ETA AND STANDA#D DE"IATION

ALP%A


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38/81

:

SENSEX #ET!#NS:

MONTH

M*r"

SENSE RETURNS

/(1;

A5r%+ (1;

M*6 (4

J$)e /(1

J$+6 (11

CALC!LATION O) #ET!#NS ON M!T!AL )!ND SC%EMES:

& AL ANCE )!ND:

TATA BALANCED FUND #ROTH3

PRU ICICI FUND #ROTH3

HDFC PRUDENCE FUND #ROTH3

MA#NUM BALANCE FUND #ROTH3

JM BALANCED FUND #ROTH3


39/81

:

TATA &ALANCED )!ND

DATE NAV DATE NAV DATE NAV DATE NAV DATE NAV

RETURN RETURN RETURN RETURN RETURN

3 3 3 3 3

1/M*r /1(: 4/A5r /1(; :/M*6 1(1@ 1/J$) ( 4/J$+ (:;

4/M*r /:(4: :/A5r (; ;/M*6 /(: ;/J$) /(; :/J$+ (;

?/M*r 1(1 ;/A5r 1(@ /M*6 /(4: ?/J$) (@4 ;/J$+ (1

@/M*r 1(1 ?/A5r (?? /M*6 /(;; @/J$) /1(1 ?/J$+ /(4

/M*r /(1 /A5r 1(@; /M*6 ( /J$) /( @/J$+ (?4/M*r 4(:@ 1/A5r (4 1/M*6 (1 /J$) /(? /J$+ (;?

/M*r /(; 11/A5r (? 11/M*6 (4@ 11/J$) /(44 1/J$+ /(:

14/M*r ( 14/A5r /(1: 1;/M*6 (: 14/J$) /(11 11/J$+ (1;

1:/M*r (4 1:/A5r 1(?4 1?/M*6 ( 1:/J$) /(;? 14/J$+ 1(1

1;/M*r /1(@ 1@/A5r 1(; 1@/M*6 1(1 1;/J$) 1(1 1:/J$+ (:

1@/M*r /(@ 1/A5r /(; 1/M*6 (: 1?/J$) (; 1@/J$+ (1

1/M*r 1(:: 1/A5r (1 1/M*6 /(? 1/J$) /(4? 1/J$+ /(@

4/M*r (4; 1/A5r (@ 41/M*6 (? 1/J$) 1(11 1/J$+ (:

41/M*r (: 4/A5r 1( 44/M*6 (4; 4/J$) (? 4/J$+ (

44/M*r 1( 4:/A5r (1 4:/M*6 /(4 41/J$) ( 4:/J$+ (;

4:/M*r (:1 4;/A5r (1 4;/M*6 /(@4 44/J$) /(4: 4;/J$+ (1;

4@/M*r /(;1 4?/A5r (1@ 4?/M*6 (?? 4?/J$) (:1 4?/J$+ /(?4/M*r /1(1 4@/Ar5 /(1: 4/M*6 (: 4@/J$) (; 4@/J$+ /(

4/A5r /( 4/M*6 (1 4/J$) /(:1 4/J$+ 4(@@

:/A5r (@1 :/M*6 /(; 4/J$) (4 :/J$+ (1

:1/M*6 ( 4/J$) (? :1/J$+ 1(@

TOTAL 0.$$H TOTAL -.8*H TOTAL *.20H TOTAL 2.+8H TOTAL 8.+7H

Ag. Ag. - Ag. Ag. Ag.

#ET!#NS 0.02H #ET!#NS 0.0,2(2* #ET!#NS 0.2*H #ET!#NS 0.(H #ET!#NS 0.$H


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;

P R U I C I C I B A L AN C E D FUND



3 3 3 3 3

1/M*r 1(? 4/A5r /1(4 :/M*6 1(: 1/J$) (1@ 4/J$+ (4

4/M*r /1(@@ :/A5r ( ;/M*6 /(; ;/J$) /(@ :/J$+ (

?/M*r /:(4: ;/A5r (@; /M*6 /(:; ?/J$) (?? ;/J$+ /(44

@/M*r 1(;; ?/A5r (: /M*6 /(@ @/J$) /1(@4 ?/J$+ /(

/M*r /(@ /A5r 1(? /M*6 ( /J$) /(@ @/J$+ (1;

/M*r 4(?; 1/A5r /(14 1/M*6 ( /J$) /(?@ /J$+ (?

/M*r /( 11/A5r (;4 11/M*6 (?? 11/J$) (: 1/J$+ /(:

14/M*r (:; 14/A5r /(; 1;/M*6 1(1? 14/J$) /(4 11/J$+ (:

1:/M*r (@ 1:/A5r 1(@ 1?/M*6 (1 1:/J$) /(? 14/J$+ (

1;/M*r /4(11 1@/A5r 1(4 1@/M*6 ( 1;/J$) 1(4 1:/J$+ (?

1@/M*r ( 1/A5r /(@@ 1/M*6 ( 1?/J$) (: 1@/J$+ /(41

1/M*r 1(11 1/A5r (: 1/M*6 /(1 1/J$) /(:; 1/J$+ /(1@

4/M*r (@ 1/A5r /(14 41/M*6 1(1 1/J$) (4 1/J$+ (:

41/M*r ( 4/A5r 1(4; 44/M*6 (@ 4/J$) ( 4/J$+ HI

44/M*r 1(1 4:/A5r (: 4:/M*6 /(: 41/J$) (44 4:/J$+ (@

4:/M*r /(1? 4;/A5r (@@ 4;/M*6 /(? 44/J$) /(; 4;/J$+ (41

4@/M*r /(? 4?/A5r (: 4?/M*6 (? 4?/J$) /(@ 4?/J$+ /(4

4/M*r /1(:1 4@/A5r /(4: 4/M*6 (: 4@/J$) (:@ 4@/J$+ /(1

4/A5r /1(:: 4/M*6 (?? 4/J$) /(1 4/J$+ /4(

:/A5r (: :/M*6 /( 4/J$) (1 :/J$+ /(4;

:1/M*6 (;1 4/J$) (? :1/J$+ 1(@1

TOTAL /(4 TOTAL ;(; TOTAL ;(? TOTAL (@ TOTAL 1(Ag.

#ET!#NS (4?Ag.

#ET!#NS (4;Ag.

#ET!#NS (41Ag.

#ET!#NS (:Ag.

#ET!#NS (


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;1

HDFC PRUDENCE FUND

DATE NAV

RETURN

3

DATE NAV

RETURN

3

DATE NAV

RETURN

3

DATE NAV

RETURN

3

DATE NAV

RETURN

3

1/M*r (1? 4/A5r /1(? :/M*6 ( 1/J$) (1 4/J$+ (4

4/M*r /1(? :/A5r (?4 ;/M*6 /(? ;/J$) /(? :/J$+ (@

?/M*r /:(: ;/A5r (? /M*6 /(14 ?/J$) (4 ;/J$+ /(?1

@/M*r ( ?/A5r (@1 /M*6 /(? @/J$) /( ?/J$+ /(:;

/M*r /1(:; /A5r 1(; /M*6 (44 /J$) /(11 @/J$+ (4

/M*r 1(1 1/A5r (?? 1/M*6 /(1 /J$) /(:@ /J$+ (?

/M*r /(1 11/A5r (: 11/M*6 (; 11/J$) (1? 1/J$+ /(4;

14/M*r (@@ 14/A5r /(; 1;/M*6 1(: 14/J$) /(@@ 11/J$+ /(@

1:/M*r (4 1:/A5r ( 1?/M*6 (: 1:/J$) /(1? 14/J$+ 1(1

1;/M*r /1(;4 1@/A5r 1(? 1@/M*6 (@4 1;/J$) 1(1 1:/J$+ (4

1@/M*r /(1; 1/A5r /(: 1/M*6 (11 1?/J$) (1@ 1@/J$+ (@@

1/M*r (@ 1/A5r ( 1/M*6 /(: 1/J$) /(4; 1/J$+ /(@?

4/M*r (4 1/A5r (1 41/M*6 (? 1/J$) (@ 1/J$+ 1(4

41/M*r ( 4/A5r (;? 44/M*6 (4; 4/J$) 1(14 4/J$+ (1:

4:/M*r /(4; 4:/A5r (1: 4:/M*6 (1 41/J$) (;1 4:/J$+ (?

4@/M*r /(:1 4;/A5r (4; 4;/M*6 /(? 44/J$) /(:4 4;/J$+ /(4/M*r /1(1 4?/A5r (?? 4?/M*6 (: 4?/J$) (41 4?/J$+ /(;4

4@/A5r /(4@ 4/M*6 1(41 4@/J$) (: 4@/J$+ (1

4/A5r /(;1 4/M*6 (:: 4/J$) (11 4/J$+ /1(;

:/A5r (1 :/M*6 /(;4 4/J$) /( :/J$+ /(;

:1/M*6 ( 4/J$) (1 :1/J$+ 1(:

TOTAL /:( TOTAL @(1: TOTAL ;(@; TOTAL :(1? TOTAL ;(:?Ag.

#ET!#NS /(44Ag.

#ET!#NS (:1Ag.

#ET!#NS (44Ag.

#ET!#NS (1?Ag.

#ET!#NS (41


42/81

MA#NUM BALANCE FUND



3 3 3 3 3

1/M*r ( 4/A5r /4( :/M*6 (;? 1/J$) (:4 4/J$+ (@?

4/M*r /1(: :/A5r (?4 ;/M*6 /(4 ;/J$) /(4; :/J$+ (@

?/M*r /4(@; ;/A5r ( /M*6 /(:1 ?/J$) (? ;/J$+ (

@/M*r 1(1 ?/A5r (: /M*6 /( @/J$) /1(1 ?/J$+ /(:@

/M*r /(@ /A5r 1(:; /M*6 (:1 /J$) /(? @/J$+ (1:

/M*r 4( 1/A5r (:4 1/M*6 (1; /J$) /(; /J$+ (4

/M*r /(1 11/A5r (:? 11/M*6 (; 11/J$) /(:? 1/J$+ /(1:

14/M*r (41 14/A5r /(?@ 1;/M*6 (? 14/J$) /(;; 11/J$+ (4:

1:/M*r (4 1:/A5r 1(;1 1?/M*6 /( 1:/J$) /(:: 14/J$+ (4

1;/M*r /1(@ 1@/A5r 1(@? 1@/M*6 1(:@ 1;/J$) ( 1:/J$+ (?@

1@/M*r /( 1/A5r /(? 1/M*6 (@ 1?/J$) (4; 1@/J$+ (?:

1/M*r 1(;@ 1/A5r (@ 1/M*6 (:: 1/J$) ( 1/J$+ /(?:

4/M*r (? 1/A5r (: 41/M*6 (@4 1/J$) 1(4 1/J$+ (@:

41/M*r (@: 4/A5r 1(11 44/M*6 ( 4/J$) (: 4/J$+ /(

4:/M*r 1(;4 4:/A5r (: 4:/M*6 /(: 41/J$) (: 4:/J$+ (4

4@/M*r /(@ 4;/A5r 1(1@ 4;/M*6 /(11 44/J$) /(4 4;/J$+ /(1:

4/M*r /(? 4?/A5r (@ 4?/M*6 (?; 4?/J$) /(1@ 4?/J$+ /(:?

/1(14 4@/A5r /(: 4/M*6 (4 4@/J$) (:? 4@/J$+ (

4/A5r /1(1@ 4/M*6 ( 4/J$) /(11 4/J$+ /4(?;

:/A5r (?1 :/M*6 /(4 4/J$) (4@ :/J$+ (:1

:1/M*6 (1 4/J$) (4 :1/J$+ 1(:;

TOTAL /(@ TOTAL @(; TOTAL ;( TOTAL 1(? TOTAL :(Ag. Ag. Ag. Ag. Ag.

#ET!#NS /(; #ET!#NS (:4 #ET!#NS (4: #ET!#NS ( #ET!#NS (1;


43/81

JM BALANCED FUND

DATE NAV

RETURN

3

DATE NAV

RETUR

3

DATE

N

NAV

RETURN

3

DATE NAV

RETURN

3

DATE NAV

RETURN

3

1/M*r (:@ 4/A5r /

1(4 :/M*6 1(? 1/J$) (; 4/J$+ 1(

4/M*r /1(; :/A5r ( ;/M*6 /( ;/J$) /(1; :/J$+ 1(?

?/M*r /4(? ;/A5r (: /M*6 /(;@ ?/J$) /(; ;/J$+ 1(;

@/M*r (@@ ?/A5r ( /M*6 /(: @/J$) /1(4: ?/J$+ /(?

/M*r

/M*r

/1(@

:(4

/A5r

1/A5r

1(4/

(?

/M*6

1/M*6

(

(:

/J$)

/J$)

/(@

/(

@/J$+

/J$+

1(;

(@

/M*r /1(@ 11/A5r (4 11/M*6 (1: 11/J$) /(4 1/J$+ (?

14/M*r 1( 14/A5r (1 1;/M*6 (?1 14/J$) /(? 11/J$+ (?1

1:/M*r (: 1:/A5r 4(: 1?/M*6 /(1: 1:/J$) /(;4 14/J$+ 1(44

1;/M*r /1(: 1@/A5r 4(@ 1@/M*6 1(1 1;/J$) 1(: 1:/J$+ (?

1@/M*r /(?1 1/A5r /

(; 1/M*6 ( 1?/J$) (; 1@/J$+ (?

1/M*r

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22-Mar

(:

1(??

4/A5r

4:/A5r

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44/M*6

4:/M*6

(

/(@1

4/J$)

41/J$)

(@

(@?

4/J$+

4:/J$+

/(4@

1(1;

4:/M*r (; 4;/A5r (? 4;/M*6 /( 44/J$) (;1 4;/J$+ /(4;

4@/M*r

4/M*r

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4?/M*6

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(

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4@/J$)

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4?/J$+

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/1(11

(?

4/A5r/

1(4 4/M*6 (@@ 4/J$) (? 4/J$+ /:(;

:/A5r (@ :/M*6 /( 4/J$) 1(11 :/J$+ 1(:?

:1/M*6 1(@ 4/J$) /(1@ :1/J$+ 1(:?

TOTAL /(:: TOTAL (4: TOTAL ?(1@ TOTAL 1(1? TOTAL (;Ag. Ag. Ag. Ag. Ag.

#ET!#NS /(4 #ET!#NS (:@ #ET!#NS (4? #ET!#NS (? #ET!#NS (;


44/81

CALC!LATION O) #ET!#NS ON M!T!AL )!ND SC%EMES:

M)t

M*r"

Se)se7

Ret$r)s

/(1;

t*t* 9*+

(4

Sm/me*)3

/(1:4

Mm/me*)3

/(14;

Sm/Sm3

Mm/Mm3

(1@:@

Sm/me*)3

Sm/me*)3

(;

Mm/me*)3

Mm/me*)3

(1?:@

A5r%+ (1; /( (1; /(4:; /(:;@:4 (1 (?;?@

M*6 (4 (4? (4 (1@ (4@ (@4? (114:@

J$)e /(1 (1: /(1@4 /(1; (44@ (1@ (1@

J$+6 (11 (;1 (11 (4@@ (:1: (1@1 (?@

TOTAL -0.0$ 0.72 0.08(+ 0.2*+ 0.0(0*2*

me*) -0.008 0.$$

&ETA 0.08(+F 0.08028 ALP%A 0.$*82,+

0.228+,,+ San5ar5 De1a1on 0.0(0*2*

M)t

M*r"

se)se7 ret$r)s

/(1;

PRU

ICICI

(4?

Sm/me*)3

/(1:4

Tm/me*)3

(@

Sm/Sm3Tm/Tm3

/(11:?4

Tm/me*)3tm/me*)3

(:@

Tm/me*)3tm/me*)3

(:@

A5r%+ (1; (4; (1; (@ (114; (?@ (?@

M*6 (4 (41 (4 (;@ (14 (411@ (411@

J$)e /(1 (: /(1@4 /(1:; (41 (1?@ (1?@

J$+6 (11 ( (11 /(; /(:4 (?;@ (?;@

TOTAL /(; (4 (1;1@

MEAN -0.008 0.+$

&ETA 0.0$+F 0.08028 ALP%A 0.7$

0.+*$ San5ar5 De1a1on 0.00+


45/81

M)t

M*r"

se)se7 ret$r)s

/(1;

MA#

BAL

/(;

Sm/me*)3

/(1:4

Mm/

me*)3

/(1@

Sm/Sm3Tm/Tm3

/(1@

Tm/me*)3tm/me*)3

(:;?@

A5r%+ (1; (:4 (1; (1; (1; (:4@

M*6 (4 (4: (4 (; (; (?@

J$)e /(1 ( /(1@4 /(@@ /(@@ (;:?@

J$+6 (11 (1; (11 /(@ /(@ (1:4;

TOTAL /(; (: (14

MEAN -0.008 0.$+

&ETA 0.02F 0.08028 ALP%A 0.*22$22

0.$,$7+8( San5ar5 De1a1on 0.0(7

se)se7 HDFC Sm/ Mm/ Sm/Sm3Tm/ Tm/me*)3tm/

M)t ret$r)s Pr$ me*)3 me*)3 Tm3 me*)3M*r" /(1; /(44 /(1:4 /(:?; (;@4 (14?:1@

A5r%+ (1; (:1 (1; (1@ (4@; (:@

M*6 (4 (44 (4 (@ (4; (:@

J$)e /(1 (1? /(1@4 (1@ /(4?4 (4?@

J$+6 (11 (41 (11 (@ (@ (?@

TOTAL /(; (@ (1?@


46/81

MEAN -0.008 0.($

&ETA 0.08*+F 0.08028 ALP%A 0.$227**$

.0*,$$,* San5ar5 De1a1on 0.0*2$

Mm/

M)t se)se7 ret$r)s JM BAL Sm/me*)3 me*)3 Sm/Sm3Tm/Tm3 Tm/me*)3tm/me*)3

March -0.14 -0.02 -0.132 -0.228 0.030096 0.017424

April 0.14 0.36 0.148 0.152 0.022496 0.021904

May 0.02 0.25 0.028 0.042 0.001176 0.000784

June -0.17 0.05 -0.162 -0.158 0.025596 0.026244

July 0.11 0.4 0.118 0.192 0.022656 0.013924

TOTAL -0.04 1.04 0.10202

MEAN -0.008 0.208

&ETA 0.0202F 0.08028 ALP%A 0.28++$8

.270802,2 San5ar5 De1a1on 0.08*

SC%EMES

TATA

&ETA

0.228+,,+

ALP%A

0.$+

S.D.

0.0(

P#! ICICI 0.7$ 0.+* 0.00+

%D)C .($(+**7 0.$2 0.0*2$

MAG &AL 0.(2(8(2++ 0.*2 0.0(7

'M &AL .2$ 0.28 0.08*

INTE#P#ETATION Per1o51a4 reaane 4o/r 9o51ng o 4o/r or1g1na ae aoa1on

en93ar>: B6 &%)0 t%s, 6$ .%++ .%)& $5 se++%)0 s*res %) e75e)s%8e '$)&s *)&

re%)8est%)0 %) "e*5er )es(

> Ine a 3/9 a 4o/ an 1n o> 6/n5: As * r$0 r$+e, tr6 t +& *

5er"e)t*0e *t +e*st e-$*+ t 1 m%)$s 6$r *0e %) st"2s( Se)%r "%t%=e)s m%0t

")s%&er 11 m%)$s te%r *0es t *8%& 0r.%)0 t ")ser8*t%8e(

> Don 9o@ 6ro3 6/n5 o 6/n5: Tr*&ers 'te) +*0 te +)0/r*)0e ret$r)s ' te

st"2 *)& 9)&s m*r2ets(

> Se 4o/r 1g9 on /151ng ea9 o4: #et r%" -$%"2 s"emes 'te)

9*"2'%re( Pe5+e . *m*ss 'rt$)es tr$0 s5e"$+*t%) 're-$e)t+6 *+s +e*r) . %t

'ee+s t 0et 5r -$%"2+6(

> Kee@ 1 13@e: B*s%" %)8estme)t 5+*)s 'te) .r2 9est ) te -$est 'r .e*+t(

> Ao15 g1331>: D)t %)8est %) *)6t%)0 6$ &)t $)&erst*)&( P*%) 8*)%++*

'$)&s s$r8%8e te test ' t%me 9etter t*) '*&&%s 5eers t*t m*2e $se ' &er%8*t%8es *)&

ter *r"*)e str*te0%es(

> Do 4o/r 9o3e or> e6ore ar1ng o/: Ne8er 9$6 r se++ M$t$*+ F$)&s s+e+6

) te 9*s%s ' t%5s( I' * s$00est%) seems t *8e mer%t, & 6$r .) *)*+6s%s(

> )o/ on r1> re/rn an5 o 9en ea/a1ng 6/n5: Kee5 %) m%)& t*t *

'$)&s r%s2 *)& e75e)ses *re e*s%er t 5re&%"t t*) %ts ret$r)(

> '/5ge @a @er6or3ane 19 a gra1n o6 a: H%str%" ret$r)s &)t *+.*6s

5re&%"t '$t$re res$+ts, es5e"%*++6 %' * '$)&s m*)*0eme)t r %)8estme)t st6+e *s "*)0e&

re"e)t+6(

> Don nege 9e @ro@e/: Y$++ '%)& te 0$ts ' t%s &"$me)t %) te

'%)*)"%*+ / %0+%0ts( L2 'r 5*st e75e)se r*t%)s, 5rt'+% t$r)8ers, tt*+ *))$*+

ret$r)s *)& 6e*r t 6e*r "*)0es %) *ssets(


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> Con15er 91r1ng a o>ro>er or 61nan1a @anner 16 4o/ nee5 9e@ 19

4o/r @or6o1o: J$st m*2e s$re te %)&%8%&$*+ %s "m5ete)t *)& .%++ 6$r )ee&s( Te

mre 6$ $)&erst*)& *9$t %)8estme)t r%s2s, ret$r) *)& "sts, 9etter 6$ "*) e8*+$*te te

2%)& ' !9s 6$r *&8%sr %s &%)0(

> Don oeroo> eae @ann1ng 1n 4o/r 1ne3en ga3e @an: A +%8%)0 tr$st

*s %m5rt*)t *&8*)t*0e 8er * .%++(

> Ma>e /re 4o/r M//a )/n5 ao/n are 1e5 orre4: I)&%8%&$*+, !%)t,

"$st&%*+ *)& tr$st *""$)t *re '$r "mm) *+ter)*t%8es( Te m*))ers ' t%t+%)0 t*2es

5re"e&e)"e 8er *)6 %)str$"t%)s %) 6$r e%rs 2). *9$t 6$r *""$)ts(

> Ta>e a5anage o6 6/n5 o3@an4 er1e: Te+e5)e re5s 'te) "*) '$r)%s

*)s.ers t 6$r -$est%)s(

> Le 13e or> 6or 4o/: At 1 5er"e)t *))$*++6 te +)0 r$) *8er*0e ret$r) )

st"2s 6$r m)e6 &$9+es e8er6 (: 6e*rs, -$*&r$5+es e8er6 1;(@ 6e*rs *)& e75*)&s

te)'+& e8er6 4;(4 6e*rs(

> E3@9a1e 13e oer 3ar>e 131ng: B$6 0& st"2 '$)&s *)& st*6 .%t tem

'r te +)0 *$+( E8e) 5r'ess%)*+ *8e tr$9+e 5re&%"t%)0 te m*r2ets )e7t m8e(

> Ine reg/ar4: Its 9ee) &em)str*te& t*t 6$ "*) & .e++ 8er te +)0 *$+

e8e) %' 6$ %)8est m)e6 e*" 6e*r *t r )e*r te m*r2ets *))$*+ 5e*2(

> #eogn1e 9a 9e r1> o6 e1ng 1n o> 5ereae a 4o/r 9o51ng @er1o5

eng9en: K).) *s t%me &%8ers%'%"*t%), %t .r2s 9e"*$se te 0& 6e*rs '*r $t.e%0

te 9*& 8er +e)0t6 5er%&( O) *8er*0e, se8e) $t ' e8er6 te) 6e*rs *re .%))ers %) te

st"2 m*r2et(

> Sae a 3/9 o6 4o/r @a49e> a 4o/ an: Te +&er 6$ 0et *)& te %0er

6$r %)"me, te +*r0er te 5er"e)t*0e 6$ s$+& str%8e t set *s%&e(

> Con15er @a1ne an5 e6611en a/o3a1 1ne3en @an a o66ere5 4

3an4 6/n5 o3@an1e. Y$r m)t+6 %)8estme)t 0 str*%0t %)t 6$r "se) '$)& 'rm

e%ter * 9*)2 *""$)t r 6$r5*6"e"2(

> Pa4 aen1on o 9a T-1 41e5 rea1e o o>: 96 &%8%&%)0 te 6%e+& )

te 'rmer 96 te 6%e+& ) te +*tter, .e) 1 &*6s T/9%++s 6%e+& mre t*) t.%"e te

se)se7 :s 6%e+&, %t "$+& s%0)*+ t*t st"2s *8e 9e"me 8er5r%"e&(


77/81

> Conere4 reogn1e 9e eeen a/e o66ere5 4 o> an4 13e 9e T-

1 Fo> 41e5 ra1on 1 on15era4 eo 2. At te e7treme, st"2 m*r2et ")&%t%)

"$+& 9e %0+6 '*8r*9+e .e) 9t )$m9ers *re *9$t e-$*+(

> Don e@e goo5 or a5 13e o a 6oreer. St"2s "*) st*6 8er8*+$e& r

$)&er8*+$e& 'r s$r5r%s%)0+6 +)0 stret"es, 9$t 9$++ m*r2ets *+.*6s "me t *) e)&, *)&

s & 9e*r m*r2ets(

> !e an5ar5 5e1a1on 1nea5 o6 ea o ea/ae a 3//a 6/n5 r1>: Te

'rmer %s * 5$re, $)9%*se& me*s$re ' 8+*t%+%t6, .%" %s )t t%e& t * 5*rt%"$+*r st"2/

5r%"e %)&e7 *s %s 9et*( St*)&*r& &e8%*t%) me*s$res te e7te)t t .%" ret$r)s 99 $5 *)&

&.) *r$)& te%r *8er*0e(

> Ea31ne 4o/r 6/n5 o3@o1e PE ra1o: Te *8er*0e 5r%"e e*r)%)0s r*t% 'r

*++ te st"2s %t +&s( I' * '$)&s PE %s .e++ *98e t*t ' te se)se7 :s, %t '*"es 0re*ter

5ss%9+e +sses %) * "rre"t%) r 9e*r m*r2et(

> #e3e3er 9a oa1e 6/n5 31g9 no e o a5 9en 9e5 1n a@@ro@r1ae

@ro@or1on .%t%) * 9r*& 5rt'+%( Cm9%)%)0 '$)&s t*t r%se *)& '*++ *t &%''ere)t

t%mes "$+& res$+t %) *) 8er*++ smter r%&e(

> Co31ne 6/n5 9a 6oo 9e gro9 an5 a/e o> @1>1ng 4e: *s )e

st6+e )rm*++6 %s $t ' '*8$r .e) te ter %s %)( 6$r 5rt'+%s '+$"t$*t%)s .%++ 9e

+ess err*t%" %' 6$ %)"+$&e %)8estme)ts 'rm 9t "*m5s(

> Don g1e /@ o> 6/n5 een 16 4o/re re1re5: A @? 6e*r +& ret%ree "*)

e75e"t t +%8e *)ter 4 6e*rs r s( I' 6$ )ee& %)"me, t*2e 6$r &%8%&e)&s %) "*s( I'

t*ts %)s$''%"%e)t, m*2e s6stem*t%" .%t&r*.*+s 'rm * &%8ers%'%e& 5rt'+%(

> &/ 5on e /@ a 4e3a1 195raa @an 19o/ 6or a/a1ng 9o

ong 4o/r a@1a 1 a: 0%8e) 6$r e75e"te& ret$r) *)& .%t&r*.*+ r*te( C)s%&er%)0

te %m5*"t ' t*7es *)& %)'+*t%), 6$ r%s2 &e5+et%)0 6$r )est e00 %' 6$r *))$*+

.%t&r*.*+ r*te e7"ee&s *9$t @5er"e)t(

> Sa4 aa4 6ro3 6/n5 9a are no 3e3er o6 re@/ae 6a311e: U)+ess 6$

2). te m*)*0er *s *) e7"e++e)t re"r&( I) 5*rt%"$+*r, *8%& t%)6 '$)&s tse .%t *ssts

+ess t*) ; m%++%) $)+ess te6 *re 5rm%s%)0 mem9ers ' *) est*9+%se& 0r$5


78/81

> Don a/3e 9a aggar5 6/n5 1 o/ne a>: L)0 term +sers *8e

5ere))%*++6 5r 5er'rm*)"e re"r&s, *+)0 .%t $ts%=e& e75e)ses, * sm*++ *)&

&e"+%)%)0 *sset 9*se, %0 5rt'+% t$r)8er *)&, smet%mes, +e0*+ 5r9+ems(

> Don oo> o 4o/r ne egg 6or 9r1 an5 e1e3en: Sme t%mes, re+*t%8e+6

&$++ %)8estme)ts, s$" *s %)&e7 '$)&s, *re 9est(

> Kee@ 1n 31n5 9a ao/ 70 @eren o6 a1e4 3anage5 6/n5 /n5er

@er6or3 9e 3ar>e: 9e"*$se 5er*t%)0 e75e)ses, tr*)s*"t%) "sts *)& "*s +&%)0s

+.er ret$r)s( T%s re5rese)ts te m*%) *r0$me)t %) '*8r ' %)&e7 '$)&s(

> )aor 1n5e 6/n5 6or a 3ean1ng6/ ore @or1on o6 4o/r o> aoa1on:

s*6 4? t ? 5er"e)t r s( %t tese 5rt'+%s 6$ )ee& )t .rr6 t*t * '$)& m*)*0er

m%0t !$m5 s%5( %t * 5*ss%8e *55r*", %t &es)t m*tter s m$" .s %) ")tr+(

> &eare o6 g1331> 9en 9o@@1ng 6or an 1n5e 6/n5: A8%& e)*)"e&

%)&e7 5rt'+%s t*t "+*%m te6 "*) $t5er'rm te se)se7 r ter 9e)"m*r2s( P+*%)

8*)%++* 5r&$"ts .%t r"2 9ttm "sts *re 9est(

> In/5e 3a a@ an5 1nerna1ona 6/n5 1n 4o/r @or6o1o 6or eer r1>

a5?/e5 @er6or3ane: Y$)0er %)8estrs .%t +)0 t%me r%=)s s$+& t*2e *

s%0)%'%"*)t st*2e %) tese "*te0r%es(

> Loo> e4on5 a 6/n5 na3e o 1 a/a 1ne3en @o11e an5 @or6o1o

9o51ng.

> Ao15 3a o> @or6o1o 19 ae greaer 9an 20000 311on or o

$)+ess 6$re ")8%)"e& te m*)*0eme)t %s e7"e5t%)*++6 t*+e)te&(

> Kee@ 1n 31n5 9a 3a o> 3oe 1n 4e o6 61e o een 4ear , &$r%)0

.%" te6 e%ter $t5er'rm r $)&er5er'rm te +*r0e 9+$e "%5s(

> Conere4 5o a>e 1gger @o11on 1n 3a o> 9en 9e4re 9ea@:

Sm*++ "m5*)%es re5rese)t e7"e++e)t 8*+$e .e) te PE ' *)6 '$)&s *55r7%m*tes t*t

' te se)se7(

> Don 9e1ae o en/re aroa5: I)ter)*t%)*+ %)8est%)0 %s * 0re*t .*6 t r$)&

$t * 5rt'+%, s%)"e *9$t t./t%r&s ' .r+& st"2 m*r2et 8*+$es e7%st $ts%&e I)&%*(

> Lean o 1nerna1ona ra9er 9an goa 6/n5 6or 4o/r oer/ea e@o/re:

Te 'rmer %)8est e7"+$s%8e+6 %) 're%0) m*r2ets, .ere*s te +*tter *8e st*2es %)


79/81

st*tes%&e st"2s *s .e++( %t %)ter)*t%)*+ '$)&s, 6$ "*) '%)e t$)e 6$r 8erse*s

e75s$re mre5re"%se+6(

> C9e> 9e 6ore1gn e1g91ng o6 4o/r 5o3e1 o> 6/n5: .%" "$+& +&

$5 t 1? 5er"e)t r mre ' te%r *ssets %) ))/ I)&%*) %ss$es t tr6 t %m5r8e

5er'rm*)"e( Y$ m*6 *+re*&6 *8e mre %)ter)*t%)*+ e75s$re t*) 6$ t%)2(

> Ma1na1n 3o5e a>e 1n e3erg1ng o> 3ar>e: *s .e++ %' 6$ *8e *

+e)0t6 %)8estme)t r%=)( De8e+5%)0 )*t%)s ''er e7"%t%)0 +)0 term 0r.t

5te)t%*+(

> Don e@e 1nerna1ona 51er161a1on o re5/e 4o/r @or6o1o oa114

a 9e 13e: Nrm*++6, %t .r2s re*s)*9+6 .e++, 9$t &$r%)0 * 0+9*+ 5*)%", *++ te

.r+&s m*!r st"2 e7"*)0es "$+& t$m9+e t0eter(

CCOONNCCLL!!SSIION:ON:

II rr&&eerr tt sstt$&6$&6 ttee ""))""ee5t5t '' mm$$t$t$**++ ''$)&$)& .e.e ss$+&$+& )te)te tt**tt ** m$t$m$t$**++ ''$)&$)& %s%s **

ttrr$$sstt tt**tt 55+s+s ttee m)m)ee66 '' sese88eerr**++ %)%)88eessttrrss **)&)& mm**))**00eess %)8%)8esestmtmee)ts)ts )) 99ee**++''(( TTee

''$)&$)& ""++++e"e"tsts tt%%ss mm))ee66 ''rrmm %)%)88esesttrrss ttrr$$00 88**rr%$s%$s s"s"eemmeses(( EE**"" s"s"eemmeess %%ss

&%&%''''eerree)t%)t%**ttee&& 9696 %%ttss 9!9!ee""tt%%88eess '' %)%)88eessttmmee))tsts rr %)%) tteerr ..rr&s&s ** 99rr**&+6&+6 &&ee''%%))ee&&

5$5$rr55ssee '' .. ttee ""++++e"e"ttee&& m)m)ee66 %%ss 00%%)0)0 tt99ee %%))88++88ee&(&(


80/81

II))88eessttrrss %%))88esestt %%)) m$m$tt$$**++ ''$$))&& &&$e$e tt ''++.%)0++.%)0 **&&88**))tt**00eess


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MMUUTTUUAALL FFUUNNDDSS IINN IINDNDIIAA BBY

Comparative Analysis of Mutual Fund With India Infoline by Nikita Chinchane-libre

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Transcript of Comparative Analysis of Mutual Fund With India Infoline by Nikita Chinchane-libre