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Analysis of Mutual Funds

BY 

Group No. 1

Amit Kumar YadavAnkit Bothra

Prateek Mishra

Stuti Kapoor Sushma Vegesna

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Mutual Fund

� Mutual funds are funds that pool the moneyof several investors to invest in equity or debt

markets. Mutual Funds could be Equity funds,Debt funds or balanced funds. Funds areselected on quantitative parameters likevolatility, FAMA Model, risk adjusted returns,

rolling return coupled with a qualitativeanalysis of fund performance and investmentstyles through regular interactions / duediligence processes with fund managers.

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Types of Mutual Fund

� Equity fund

� Debt fund

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Advantages of Investing into a

Mutual Fund� Flexibility

� Affordability

� Liquidity� Diversification� Professional Management

� Potential of return� Low Costs

� Regulated for investor protection

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HDFC Mutual Fund

� Name :HDFC Equity Fund (Growth & Dividend)

� Date of inception : 24/12/1994

� Fund manager : Mr. Anand Laddha & Mr. Prasant Jain.

� Fund Size in Rs. Cr. : 8946.62 as on Mar 31, 2011

� Face value : Rs.10

� Minimum investment amount : Rs. 5,000/-

� Benchmark Index - CNX500

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NET Asset Value

� Latest NAV : 286.24 as on Apr 8, 2011.

� 52 ²Week High : 315.35 as on Nov 10,2010.

� 52 - Week Low : 230.43 as on May 25,2010.

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� Type of scheme : Open Ended EquityFund

� Investment objective : Aims at providingcapital appreciation through investmentspredominantly in equity oriented

securities.

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Investment Sectors

� Banks

� Petroleum and petrochemical products.

� Software and consultancies.

� Automobiles

� Consumer durables & electronics.

� Media & entertainment.

� Pharmaceuticals & biotechnology.

� Mining and minerals.� Engineering and capital goods.

� Steel and ferrous metal.

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Beta 0.87

Standard Deviation (Annual) 5.28

Top Holdings As on 31 Mar 

Name of Holding % Net Assets

State Bank of India 7.99

ICICI Bank 6.76

Tata Consultancy Services 4.59

Titan Industries 4.57

Infosys Technologies 4.47

Volatility Measures

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Fund Performance vs.B

enchmark Trailing Returns

As of 08 Apr 2011 Fund Return (in %)Category Return (in

%)

1- Week 1.27 1.21

1- Month 6.72 6.38

3- Month -0.34 -2.25

1- Year 18.80 8.6

2- Year 56.10 40.9

3- Year 20.03 10.23

5- Year 17.05 10.99

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HDFC MUTUAL FUND (Dividend)

Year Investment-return/

Unit

Total Discounted CF. @10%

Discounted CF.@ 32%

2006 (36.28) (9977) (9977) (9977)

2006 5 1375 1375 1375

2007 5 1375 1249.87 1042.25

2008 5.2 1512.5 1249.32 868.17

2009 3 825.0 619.57 358.87

2010 4 1100 751.3 361.9

2011 4 1100 683.1 275

2011 48.35 13296.25 8256.97 3324

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� Assuming that you have invested in thisdividend scheme on 1/1/2006 at an

NAV of 36.28 your IRR will be 24.069%

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HDFC Mutual Fund(Growth)

Year Investment-

return/Unit

Total Discounted

CF. @ 10%Discounted

CF. @ 32%

2006 107.009 (9951.83) (9951.83) (9951.83)

2011 286.24 26620.32 16531.21 6655.08

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� Assuming that you have invested in thisgrowth scheme on 1/1/2006 at an NAV

of 107.009 your IRR will be 24.65%

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Templeton India short term-

income Ret� Name: Franklin Templeton Asset Management

India Pvt. Ltd.

� Date of inception: January 2002

� Minimum investment: 5000

� Entry load: Nil.

� Exit load: 0.5% for redemption within 270 days

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Objective & strategy

� To generate stable returns by investingin fixed income securities with maturity

periods likely to be less than 3 years.

�The average maturity of the portfolioof the scheme is likely to be between 4

months and 12 months.

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Top Holdings

Company % Asset

Reliance utilities & power 13.07

Mudra Port & SEZ 8.45

Reliance Capital 5.67

ECL Finance 5.37

KAL Airways 4.59

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Net Asset Value

2008 2009 2010 2011

NAV (Rs) 1622.94 1816.9 1918.26 1959.59

Total return (%) 9.26 11.95 5.58 2.15

52 week high(Rs)

1622.94 1816.9 1918.26 ----

52 week low(Rs)

1488.42 1623.68 1818.07 ----

Net Asset (Rscr.)

400.47 4653.84 5509.61 ----

Expense ratio 0.9 1.2 1.3 ----

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Fund Performance

------- Fund

----- NSE T -BILL

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Volatility Measurement

� Standard deviation : 0.7

� Sharpe ratio : 3.25

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Thank you