In the above graph it is seen that the Standard Deviation of BNP Paribas Long

In the above graph it is seen that the standard

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In the above graph it is seen that the Standard Deviation of BNP Paribas Long Term Equity Fund is the highest (5.18) among the five funds. So there will be more fluctuations in returns of this Fund when compared to other funds under consideration. Birla Sun Life Tax Plan Fund has the highest Sharpe ratio (1.23) and hence it is giving the better risk-adjusted returns than other funds and is the best among the funds taken for analysis for the period June 2016 to May 2017 and HDFC Tax Saver Fund is the most conservative fund chosen for analysis for the period June 2016 to May 2017. HDFC Tax Saver Fund has the highest Alpha and hence it is giving the better risk-adjusted returns than other funds and is the best among the funds taken for analysis for the period June Institute Of Management Development And Research Page 60
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2016 to May 2017 and Axis Long Term Equity Fund is the most conservative fund chosen for analysis for the period June 2016 to May 2017. hdfc eq ui ty fund axis equity fu nd bnp paribas equ ity fund bsl equ ity fund sbi magnum equ ity fund -4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00 EQUITY FUNDS std deviation beta sharpe ratio alpha Interpretation: In the above graph it is seen that the Beta of HDFC Equity Fund is the highest (1.152) among the five funds. As Beta is a measure of fund’s riskiness it can be inferred that this fund is most risky among the funds under consideration. In the above graph it is seen that the Standard Deviation of Birla Sun Life Equity Fund is the highest (5.63) among the five funds. So there will be more fluctuations in returns of this Fund when compared to other funds under consideration. Birla Sun Life Equity Fund has the highest Sharpe ratio (1.11) and hence it is giving the better risk-adjusted returns than other funds and is the best among the funds taken for analysis for the period June 2016 to May 2017 and HDFC Equity Fund is the most conservative fund chosen for analysis for the period June 2016 to May 2017. Institute Of Management Development And Research Page 61
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Birla Sun Life Equity Fund has the highest Alpha and hence it is giving the better risk-adjusted returns than other funds and is the best among the funds taken for analysis for the period June 2016 to May 2017 and Axis Equity Fund is the most conservative fund chosen for analysis for the period June 2016 to May 2017. hdfc mi dcap op portunities bnp paribas mid ca p bsl mid cap fu nd sbi magnum midc ap fu nd axis midcap fu nd -12.00 -10.00 -8.00 -6.00 -4.00 -2.00 0.00 2.00 4.00 6.00 8.00 OPPORTUNITIES FUND std deviation beta sharpe ratio alpha Interpretation: In the above graph it is seen that the Beta of BNP Paribas Midcap Fund and Birla Sun Life Midcap Fund is the highest (1.04) among the five funds. As Beta is a measure of funds riskiness it can be inferred that these fund is most risky among the funds under consideration. In the above graph it is seen that the Standard Deviation of Birla Sun Life Midcap Fund is the highest (6.03) among the five funds. So there will be more fluctuations in returns of this Fund when compared to other funds under consideration.
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  • Fall '17
  • Mahvish ali

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