HDFC TaxSaver Fund has Beta more than 1 which signifies that this fund more

Hdfc taxsaver fund has beta more than 1 which

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HDFC TaxSaver Fund has Beta more than 1 which signifies that this fund more risky than Nifty 500 hence when safety of investment is important, a fund with a beta of less than one is a better option. Standard Deviation of 5.25 indicates that the current returns of 32.42% can go up if market conditions are favorable. The Sharpe ratio of 0.20 tells that the investment's returns are due to smart investment decisions and not the result of excess risk. The greater an investment's Sharpe ratio, the better its risk-adjusted performance. Fund performed very well when compared with Benchmark index (NIFTY 500) since inception. 2. HDFC Midcap Opportunities Fund Investment objective: To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-cap companies. VOLATALITY MEASURES STANDARD DEVIATION* 4.69 SHARPE RATIO* 0.39 BETA* 0.82 R-SQUARED* 0.978 ALPHA 7.81 R-squared is calculated using RSQ function in excel while rest are mean of 30 observations. Alpha = Rp-Rf-Beta*(Rm-Rf) NAV of growth plan as on June 21 st 2017 was 52.429 Institute Of Management Development And Research Page 50
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Performance of HDFC Midcap Opportunities Fund VS Nifty Free Float Midcap 100 Index as on 31 th May 2017 Period 1 year 3 year 5 year Since inception HDFC Midcap Opportunities Fund 33.29 24.56 26.97 17.84 Nifty Free Float Midcap 100 Index 31.73 19.93 20.47 11.71 1 year 3 year 5 year Since inception 0 5 10 15 20 25 30 35 HDFC Midcap Opportunities Fund Nifty Free Float Midcap 100 Index Interpretation HDFC Midcap Opportunities Fund has Beta less than 1 which signifies that this fund is less risky than Nifty free float midcap 100 index hence when safety of investment is important, a fund with a beta of less than one is a better option. Standard Deviation of 4.69 indicates that the current returns of 33.29% can go up if market conditions are favorable. The Sharpe ratio of 0.39 tells that the investment's returns are due to smart investment decisions and not the result of excess risk. The greater an investment's Sharpe ratio, the better its risk-adjusted performance. Fund performed very well when compared with Benchmark index (NIFTY Free Float Midcap 100 Index) since inception. Institute Of Management Development And Research Page 51
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3. HDFC Top 200 Fund: Investment objective: To generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linked instruments will be primarily drawn from the companies in the BSE 200 Index. Further, the Scheme may also invest in listed companies that would qualify to be in the top 200 by market capitalization on the BSE even though they may not be listed on the BSE. This includes participation in large IPOs where in the market capitalisation of the company based on issue price would make the company a part of the top 200 companies listed on the BSE based on market capitalisation.
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  • Fall '17
  • Mahvish ali

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