A MINOR PROJECT REPORT

ON
PORTFOLIO MANAGEMENT AND ANALYSIS ON
MUTUAL FUNDS
(As a partial fulfilment for the requirement in project as a part of)

UNDER THE SUPERVISION OF

MS.TRIPTI TOOR
SUBMITTED BY:
DHEERAJ DAWAR 02280301714
(BBA-III SEM, BATCH: 2014-2017)

RUKMINI DEVI INSTITUTE OF ADVANCED STUDIES

NAAC Accredited, A Grade
Category A+ Institute
An ISO 9001:2008 Certified Institute
Approved by AICTE, HRD Ministry, Govt. of India
Affiliated to Guru Gobind Singh Indraprasth University, Delhi

2a & 2B, Madhuban Chowk, Outer Ring Road, Phase-1, Delhi-110085

ACKNOWLEDGEMENT
I offer my sincere thanks and humble regard to Rukmini Devi Institute of
advance studies ,GGSIP University , New Delhi for imparting us very
valuable professional training in BBA.

I pay my sincere regard to Ms.TRIPTI TOOR my project guide for giving

me the cream of his knowledge. I am thankful to him as he has been a
constant source of advice, motivation and inspiration. I am also thankful to
him for giving his suggestion and encouragement throughout the project work.
I take the opportunity to express my gratitude and thanks to our computer Lab
staff and library staff for providing me opportunity to utilize their resource for
completion of the project.

DECLARATION
I, hereby, declare that the Project titled Portfolio Management in
Mutual Funds is original to best to

my knowledge & has not published

elsewhere. This is for the purpose of partial fulfilment of Christ University

Institute of Management requirement for the award of the degree of Bachelor
of Business Administration.

CONTENTS
3

S.NO.

TOPIC

PAGE NO.

1.

INTRODUCTION

1-12

2.

COMPANIES PROFILE

13-19

3.

RESEARCH METHODOLOGY

20-25

4.

DATA INTERPRETATION

26-28

5.

FINDINGS & CONCLUSION

29-32

6.

RECCOMENDATION

33-35

7.

ANNEXURES A

36-41

8.

ANNEXURES B

42-47

9.

ANNEXURES C

48-53

10.

BIBLIOGRAPHY

54

INVESTMENT
An investment is the use of capital to create more money through the
acquisition of a security that promise the safety of the principal and generate a
reasonable return.

Reason Of Investment
One of the important reasons why one needs to invest wisely is tomeet the
cost of ination. Ination is the rate at which the cost ofliving increases. The
cost of living is simply what it costs to buy thegoods and services you need to
live. Ination causes money to losevalue because it will not buy the same
amount of a good or a servicein the future as it does now or did in the past.
For example, if thereWas a 6% ination rate for the next 20 years, a Rs. 100
purchase today would cost Rs. 321 in 20 years. This is why it is important
toconsider

inflation

as

factor

in

any

long-term

investment

strategy.Remember to look at an investments real rate of return, which isThe

return after ination. The aim of investments should be to providea return
above the ination rate to ensure that the investment does notDecrease in
value. For example, if the annual interest rate is 6%, thenthe investment will
need to earn more than 6% to ensure it increasesin value. If the after-tax return
on your investment is less than theination rate, then your assets have actually
decreased in valuethat is, they wont buy as much today as they did last year.

INTEREST
When we borrow money, we are expected to pay for using it
thisis known as Interest. Interest is an amount charged to the borrower forthe
privilege of using the lenders money. Interest is usually calculated as a
percentage of the principal balance (the amount of money borrowed). The
percentage rate may be xed for the life of theloan, or it may be variable,
depending on the terms of the loan.

Types of investment
1.

Short Term Financial Investment:

Saving Bank Account-it is often the rst banking product people

use, which offers low interest (4%-5% p.a.), making them only
marginally better than xed deposits.

Money Market Funds-These are a specialized form of mutual

funds that invest in extremely short-term xed income
instruments and thereby provide easy liquidity. Unlike most
mutual funds, money market funds are primarily oriented towards
protecting your capital and then, aim to maximise returns. Money
market funds usually yield better returns than savings accounts,
but lower than bank fixed deposits.

Long Term Financial Investment:

Post Ofce Savings:Post Ofce Monthly Income Scheme is a

low risk saving instrument, which can be availed through any
post ofce. It provides an interest rate of 8% per annum, which is
paid monthly. Minimum amount, which can be invested, is Rs.
1,000/- and additional investment in multiples of 1,000/-.
Maximum amount is Rs.3,00,000/- (if Single) or Rs.6,00,000/- (if
held Jointly) during a year Basics of Financial Markets a year. It
has a maturity period of 6 years. A bonus of 10% is paid at the
time of maturity. Premature withdrawal is permitted if deposit is
more than one year old. A deduction of 5% is levied from the
principal amount if withdrawn prematurely; the 10% bonus is
also denied.

Public Provident Fund: A long term savings instrument with a

maturity of 15 years and interest payable at 8% per annum
compounded annually. A PPF account can be opened through a
nationalized bank at anytime during the year and is open all
through the year for depositing money. Tax benets can be
availed for the amount invested and interest accrued is tax-free. A
withdrawal is permissible every year from the seventh nancial
year of the date of opening of the account and the amount of
withdrawal will be limited to 50% of the balance at credit at the
end of the 4th year immediately preceding the year in which the

amount is withdrawn or at the end of the preceding year

whichever is lower the amount of loan if any.

Bonds: It is a xed income (debt) instrument issued for a period

of more than one year with the purpose of raising capital. The
central or state government, corporations and similar institutions
sell bonds. A bond is generally a promise to repay the principal
along with a xed rate of interest on a specied date, called the
Maturity Date.

Mutual Funds:These are funds operated by an investment

company which raises money from the public and invests in a
group of assets (shares, debentures etc.), in accordance with a
stated set of objectives. It is a substitute for those who are unable
to invest directly in equities or debt because of resource, time or
knowledge constraints include professional money management,
buying in small amounts and diversication. Mutual fund units
are issued and redeemed by the Fund Management Company
based on the funds net asset value (NAV), which is determined at
the end of each trading session. NAV is calculated as the value of
all the shares held by the fund, minus expenses, divided by the
number of units issued. Mutual Funds are usually long term
investment vehicle though there some categories of mutual funds,
such as money market mutual funds which are short term
instruments.
9

10

MUTUAL FUNDS
A Mutual Fund is a body corporate that pools the savings of a number of
investors and invests the same in a variety of different financial instruments,
or securities. The income earned through these investments and the capital
appreciations realized by the scheme are shared by its unit holders in
proportion to the number of units owned by them. Mutual funds can thus be
considered as financial intermediaries in the investment business that collect
funds from the public and invest on behalf of the investors. The losses and
gains accrue to the investors only. The Investment objectives outlined by a
Mutual Fund in its prospectus are binding on the Mutual Fund scheme. The
investment objectives specify the class of securities a Mutual Fund can invest
in. Mutual Funds invest in various asset classes like equity, bonds, debentures,
commercial paper and government securities.
Mutual funds are commonly categorized by their general investment
objectives. Equity funds consist mainly of common stocks and are organized
primarily to achieve capital appreciation, or growth, rather than periodic
distribution of income. Bond funds, on the other hand, are composed
predominantly of corporate, Government, or municipal bonds and emphasize
regular income rather than growth. Income funds have the same objective as
bond funds but include Government National Mortgage Association securities,
Government securities, and common and preferred stocks as well as bonds.
Money market mutual funds consist of short-term instruments, such as
Government securities, bank CDs, and commercial paper. Short-term
municipal bond funds are composed predominantly of tax-exempt, short-term
municipal securities.

11

Types of mutual funds

Mutual Fund schemes may be classified on the basis of its structure and its
investments.
1.

Open end funds:

Available for sale and repurchase at all times based on the net asset
values
Unit capital of the fund is not fixed

Fund size and its total investment go up if more new subscriptions

come in than redemptions and vice versa.

2.

CLOSE END FUNDS:

One time sale of fixed number of units.

Investors are not allowed to buy or redeem the units directly from the
funds. Some funds offer repurchase after a fixed period.
Listed on stock exchange and investors can buy or sell units through
exchange. May be traded at a discount or premium to NAV based on
3. INTERVAL FUNDS:

Interval funds combine the features of open-ended and close-ended

schemes. They are open for sale or redemption during pre-determined
intervals at NAV related prices.
12

PORTFOLIO MANAGEMENT
People have different investment objective and risk appetite so to get the
highest returns asset allocation through active portfolio management is the key
element.
Asset allocation is a method that determines how you divide your portfolio
among different investment instruments and provides you with the proper
blend of various asset classes.
It is based on the theory that the type or class of security you own equity, debt
or money market- is more important than the particular security itself. In other
words asset allocation is way to control risk in your portfolio. Different asset
class will react differently to market conditions like inflation, rising or falling
interest rates or a market segment coming into or falling out of favor.
Asset allocation is different from simple diversification. Suppose you
diversify your equity portfolio by investing in five or ten equity funds. You
really have not done much to control risk in your portfolio if all these funds
come from only one particular segment of the market say large cap stocks or
mid cap stocks. In case of an adverse reaction for that segment, all the funds
will react similarly means they will go down. If you build your portfolio with
various top performing growth funds without really bothering to analyze their
portfolio allocation, you may end up with over-exposure to a particular
segment. Another point you need to remember is that growth funds are highly
correlated- they tend to move in the same direction in response to a given
market force.The advantage of asset allocation lies in achieves superior
13

returns when markets are down while minimizing the exposure of the
portfolio to volatility. In fact, asset allocation is based on certain dimensions
that, when combined tend to control the volatility while achieving targeted
returns.

NET ASSET VALUE(NAV)

The net asset value of the fund is the cumulative market value of the assets
fund net of its liabilities. In other words, if the fund is dissolved or liquidated,
by selling off all the assets in the fund, this is the amount that the shareholders
would collectively own. This gives rise to the concept of net asset value per
unit, which is the value, represented by the ownership of one unit in the fund.
It is calculated simply by dividing the net asset value of the fund by the
number of units. However, most people refer loosely to the NAV per unit as
NAV, ignoring the "per unit". We also abide by the same convention.

CALCULATION OF NET ASSET VALUE(NAV)

The most important part of the calculation is the valuation of the assets owned
by the fund. Once it is calculated, the NAV is simply the net value of assets
divided by the number of units outstanding. The detailed methodology for the
calculation of the asset value is given below.
Asset value is equal to
Sum of market value of shares/debentures
+

Liquid assets/cash held, if any

Dividends/interest accrued
Amount due on unpaid assets
Expenses accrued but not paid
14

Details on the above items

For liquid shares/debentures, valuation is done on the basis of the last or
closing market price on the principal exchange where the security is traded.
For illiquid and unlisted and/or thinly traded shares/debentures, the value has
to be estimated. For shares, this could be the book value per share or an
estimated market price if suitable benchmarks are available. For debentures
and bonds, value is estimated on the basis of yields of comparable liquid
securities after adjusting for illiquidity.

15

Sharpe ratio
The Sharpe ratio is a risk-adjusted measure of return that is often used to
evaluate the performance of a portfolio. The ratio helps to make the
performance of one portfolio comparable to that of another portfolio by
making an adjustment for risk.
For example, if manager A generates a return of 15% while manager B
generates a return of 12%, it would appear that manager A is a better
performer. However, if manager A, who produced the 15% return, took much
larger risks than manager B, it may actually be the case that manager B has a
better risk-adjusted return.
To continue with the example, say that the risk free-rate is 5%, and manager
A's portfolio has a standard deviation of 8%, while manager B's portfolio has
a standard deviation of 5%. The Sharpe ratio for manager A would be 1.25
while manager B's ratio would be 1.4, which is better than manager A. Based
on these calculations, manager B was able to generate a higher return on a
risk-adjusted basis.
To give you some insight, a ratio of 1 or better is considered good, 2 and
better is very good, and 3 and better is considered excellent.

16

Risk Free Rate Of Return

The risk-free rate of return is used to see if you are being properly
compensated for the additional risk you are taking on with the risky asset.
Traditionally, the risk-free rate of return is the shortest dated government Tbill (i.e. U.S. T-Bill). While this type of security will have the least volatility,
some would argue that the risk-free security used should match the duration of
the investment it is being compared against.

17

18

BLUECHIP MUTUAL FUNDS

A blue-chip stock is the stock of a large, well-established and financially
sound company that has operated for many years. A blue-chip stock typically
has a market capitalization in the billions, is generally the market leader or
among the top three companies in its sector, and is more often than not a
household name. While dividend payments are not absolutely necessary for a
stock to be considered a blue-chip, most blue-chips have a record of paying
stable or rising dividends for years, if not decades. The term is believed to
have been derived from poker, where blue chips are the most expensive chips.
I choose below mentioned three blue-chip mutual funds for my research
project:1.

Franklin Templeton India Blue chip Fund

2.

Indiabulls Bluechip Fund(G)

3.

SBI Blue Chip Fund

19

Franklin India blue chip fund

Indian equity markets, which began the month on positive note with 1QFY16
results showing some encouraging trend of improving margins and the
government reforms in PSU banks space, started sliding towards the later part
of month primarily due to concerns on Chinese Yuan devaluation which led to
volatility in global markets. As a result, the benchmark indices closed the
markets in red, recording losses of over 6%. Among sectorial indices,
healthcare was the only index which closed the month in green led by weak
rupee and series of approvals as compared to the sluggish pace in FY15.
Meanwhile, metals, power and capital goods sectors were among the bottom
performers. Weakness in global commodity prices and persistent fear
regarding slowdown in China, weighed on the performance of metals and
power sector. Small cap equity indices lagged their large cap peers during the
month. FPIs turned sellers during the month leading to an outflow of $2.6 bn.

MACRO & POLICY

Among the macroeconomic indicators, while India Index of Industrial
Production (IIP) for June and inflation for July showed positive trends, trade
deficit broadened and GDP for 1QFY16 came slightly below market
expectations. Meanwhile, on the issue regarding Minimum Alternate Tax
(MAT), certain media reports indicated Shah Panel recommending MAT relief
to FIIs prior to 1 Apr, 2015 however; the government decision on the same is
still pending. Indias IIP growth for June came at 3.8%YoY, indicating a
continued recovery in industrial production. While manufacturing sector (with
20

biggest weight in the index) accelerated and grew at 4.6%YoY, electricity

showed a slower growth at 1.3%YoY and mining contracted by 0.3%YoY.
Cumulative growth for Apr'15-Jun'15 came in at 3.2% compared to 4.5%
growth in the corresponding period last year. Indias trade deficit widened in
July despite decrease in crude oil prices and stood at $12.8 bn vs. $10.8 bn in
June, primarily due to relatively higher imports and pick up in gold imports.
While total imports continued to contract 10.28%YoY and stood at $35.95 bn,
exports also declined by 10.30%YoY and stood at $23.14 bn. However, in
absolute terms the trade deficit for Apr '15 Jun'15 (estimated at $45.04 bn) is
lower than the same period last year (at$47.55 bn).
Data released after the end of month, showed India's Gross Domestic Product
(GDP) growth for 1QFY16 at 7.0%Y, which was slightly below market
expectations. However, gross value added (GVA), which is a more robust
calculation, increased at a better-than-expected pace, and was also higher than
its growth in the previous quarter. On a seasonally adjusted basis, the
sequential momentum in GVA was the highest seen so far in the new GDP
series.

21

Fact List OfFranklin India Blue Chip Fund

22

SBI BLUECHIP MUTUAL FUNd

Domestic cues included strong earnings from few index majors, policy
regarding capital infusion in public-sector banks and Cabinet's approval of
amendments to the Goods and Services Tax (GST) Bill. Another trigger was
the setting up of a Rs.20,000 crore National Investment and Infrastructure
Fund and a composite cap for Foreign Portfolio Investment (FPI) and Foreign
Direct Investment (FDI), replacing them with a single upper limit in a bid to
make foreign investments easier.
On the international front, investors cheered the outcome of the United States
Federal Reserve meeting after it kept interest rates unchanged, modestly
upgraded the US economic outlook and reiterated that rate hike decision will
be dependent on economic data. Greece's agreement about a bailout deal with
its creditor followed by the news that the Greek Parliament approved the
austerity measures to secure the deal also aided the market rise. Further gains
were seen with some recovery in Chinese equities and Iran's agreement with
the world powers on its nuclear deal also supported the market.
Mutual Funds continued to ride the growth of the markets and have pumped in
a little over Rs. 4300 crores in the equity markets; the 15th consecutive month
that asset managers have invested in equities. The momentum will only
continue with Employees' Provident Fund Organisation (EPFO) choosing to
invest in Exchange Traded Funds (ETFs). This move will lead to a sustained
flow of domestic savings into equity markets which will provide stability and
reduce vulnerabilities to international events and global markets. SBI-ETF
NIFTY and SBI SENSEX ETF have been the two chosen schemes into which

23

the investments will be made. It is with both great pride and humility that we
accept this honour.

FACT LIST OF SBI BLUECHIP MUTUAL FUND

24

25

Research Design

Setting the Objective viz. the

variables to study
Collection of the relevant data for
study
Determining Risk and Return Trade
off

Comparative Analysis of Mutual Fund

Draw Conclusion

26

Primary Objectives

The main objective of this study is to doing a technical analysis of Mutual

Fund portfolio by taking sample of funds and comparing it with it others

Secondary objectives

To promote investment cult among Indian investors.

To understand the portfolio management process in mutual fund.
To know the importance of statistical measures in portfolio and
investment analysis.
Evaluating fund performance

Collection of data
For the complete study, I collected NAV information of Mutual Fund from the
secondary data base.
Secondary form of data is used for the technical research. Data for the study
has been taken from Technical Trends database. The closing price of mutual
fund NAV was selected for calculating the arithmetic return of the respective
mutual funds.
Time Frame of the Study
A time frame of 1 year is considered for calculating the arithmetic return of
the mutual funds on daily basis.
NAV closing price from 1st August 2014 to 1st August 2015 is considered for
the calculation.
Variables Studied
Risk is defined as the chance that an investment's actual return will
be different than expected. Risk includes the possibility of losing some or the
entire original investment. Different versions of risk are usually measured by
calculating the standard deviation of the historical returns or average
27

returns of a specific investment. Standard deviation is used as a measure of

risk. High standard deviations indicate a high degree of risk.
Return defined as the gain or loss of a security in a particular period. The
return consists of the income and the capital gains relative on an investment. It
is usually quoted as a percentage. There are no of returns applicable in stock
market like Arithmetic return, log return, exponential returns etc.
Arithmetic return is considered for calculating the return of a security.

Mutual Fund Studied

I choose below mentioned three blue-chip mutual funds for my research
project:1.

Franklin Templeton India Blue chip Fund

2.

Indiabulls Bluechip Fund(G)

3.

SBI Blue Chip Fund

Procedural steps to be followed for the present study

1) First and foremost step is to calculate arithmetic daily returns
from the given closing value of NAV of the 3 mentioned mutual
funds.
Returns are calculated as current day's closing NAV over previous
month's closing NAV.
Mathematically,
Return (Rp) = (NAV t NAV t-1)
NAV t-1
Where,
NAV t: Closing NAV of current day
NAV t-1: Closing NAV of Previous day
28

2) Average of arithmetic return is calculated

Mathematically,
Average Return=

R1 + R2 + +.. Rn
N

3) Standard Deviation of return is calculated

Mathematically,

4) Evaluation of Mutual Fund

4a) Sharpe Ratio is calculated

Sharpe Ratio= (Rp Rf) / sd

Rp: Portfolio return.

Rf: Risk free asset return.
Sd: standard deviation of portfolio

5) Comparative Analysis of Mutual Fund

29

Limitations

It is based on Secondary Data.

Time Constraint

Lack of resources

30

CHAPTER-4
DATA
INTERPRETATIO
N

31

Portfolio Risk-Return Analysis of mutual funds

1.

Franklin templeton blue chip fund

Risk and Return Trade-off

Daily

Monthly

Yearly

Portfolio Return (Rp)

0.09%

2.58%

31.34%

Portfolio Risk (S.d)

0.80%

3.66%

4.48%

2.

Sbi blue chip mutual fund

Risk and Return Trade-off
Daily

Monthly

Yearly

Portfolio Return (Rp)

0.11%

3.37%

40.95%

Portfolio Risk (S.d)

0.83%

2.69%

4.87%

3.

Indiabulls blue chip fund

Risk and Return Trade-off
Daily

Monthly

Yearly

Portfolio Return (Rp)

0.09%

2.66%

32.36%

Portfolio Risk (S.d)

1.00%

4.41%

8.95%

SHARPE RATIO OF MUTUAL FUNDS

32

For calculation of sharpe ratio of mutual funds the risk free return of fixed
deposit has been taken as 8.50 %.

Annual return = 8.5%

Daily return = 8.50/365=0.02%

Sharpe Ratio is calculated

Sharpe Ratio= (Rp Rf) / sd

Rp: Portfolio return.

Rf: Risk free asset return.
Sd: standard deviation of portfolio

1.

FRANKLIN TEMPOLETON BLUE CHIP MUTUAL FUND

Sharpe Ratio : 0.08

2.

Sbi blue chip mutual fund

Sharpe Ratio : 0.10

3.

Indiabulls blue chip fund

Sharpe Ratio : 0.06

Daily returns of all 3 mutual funds has been given in annexure A, B and C.

33

CHAPTER-5
FINDINGS AND
CONCLUSION

34

Comparative analysis of mutual funds

Wehavecompared all the 3 mutual funds on the basis of risk, return and sharpe
ratio. The details of which we are presenting form of tables shown below:

COMPARITIVE ANALYSIS OF MUTUAL FUND

Indicators

Franklin Templeton

SBI

Indiabulls

Portfolio Return (Rp)Daily

0.09%

0.11%

0.09%

Portfolio Risk (S.d) Daily

0.80%

0.83%

1.00%

0.08

0.1077

0.065124381

Sharpe Ratio

35

RANKING OF MUTUAL FUNDS

ON THE BASIS OF RETURN

MUTUAL FUND

RANK

Franklin Templeton

SBI

Indiabulls

ON THE BASIS OF RISK

MUTUAL FUND

RANK

Franklin Templeton

SBI

Indiabulls

ON THE BASIS OF SHARPE RATIO

MUTUAL FUND

RANK

Franklin Templeton

SBI

Indiabulls

CONCLUSION
36

By considering all the three parameters of mutual funds that is risk, return and
sharpe ratio we can say that we have to reach an optimum tradeoff between
risk and return. So, as per the finding we can say that SBI Blue Chip Mutual
fund is the best investment opportunity among the 3 selected funds., as the
return which we are getting is handsome enough and the risk involved is also
acceptable.
Some basi things whih a onsumer has to onsider when they are buying a
mutual fund:

Investor can maximise his return by proper analysis of all the available
options in the market.

Invester has to cheks that the mutual fund they are selected they have a
good ranking in the comparison of other mutual mutual funds or not.

Invester has also chek the sharpe ratio ratio of the mutual fund whih
means that if the shape ratio is higher the more amount profits is occur.

Investers has to choose that mutual fund where they occuring less risk
in other words,the invester has choose the risk free type of mutual funds
beause there is less type of volatility is there.

The invester also choose that type of mutual fund where they enjoying
higher amount of rate of return.

37

CHAPTER-6
recomendation
AND sugesstion

38

Portfolio management is the art and science of making decisions about

investment mix and policy, matching investments to objectives, asset
allocation for individuals and institutions, and balancing risk against
Performance.
Portfolio management is all about strengths, weaknesses, opportunities and
threats in the choice of debt vs. equity, domestic vs. international, growth vs.
safety, and many other tradeoffs encountered in the attempt to maximize
return at a given appetite for risk.
The main advantages of portfolio management
- Choice of Schemes: There are various schemes with different investment
themes. Through each scheme an investor has an opportunity to invest in a
wide range of investable securities.
-Technical Analysis:Investor should perform technical analysis before
investing in mutual funds.
- Professional Management: Professionally managed by team of experts.
- Diversification: Scope for better diversification of investment since mutual
fund assets are invested across a wide range of securities.
- Liquidity: Easy entry and exit of investment: investors can with ease buy
units from mutual funds or redeem their units at the net asset value either
directly with the mutual fund or through an advisor / stock broker.

39

- Transparency: The asset management team has to on a regular basis publish

theNAV of the assets and broad break-up of the instruments where the
investment is made
Tax benefits: Dividends received on investments held in certain schemes,
such as equity based mutual funds, are not subject to tax.

40

Annexure A- Daily returns of Franklin Templeton Mutual Fund

Data
04/08/2014
05/08/2014
06/08/2014
07/08/2014
08/08/2014
11/08/2014
12/08/2014
13/08/2014
14/08/2014
14/08/2014
18/08/2014
19/08/2014
20/08/2014
21/08/2014
22/08/2014
25/08/2014
26/08/2014
27/08/2014
28/08/2014
28/08/2014
01/09/2014
02/09/2014
03/09/2014
04/09/2014
05/09/2014
08/09/2014
09/09/2014
10/09/2014
11/09/2014
12/09/2014
15/09/2014
16/09/2014
17/09/2014
18/09/2014
19/09/2014
22/09/2014
23/09/2014
24/09/2014
25/09/2014
26/09/2014
29/09/2014
30/09/2014
01/10/2014
01/10/2014
07/10/2014
08/10/2014

NAV (INR)
300.6862
302.8105
300.9475
299.0584
296.1435
298.1756
301.0003
300.0186
301.9980
301.9980
306.4700
309.1720
309.6731
310.0813
310.8899
310.1018
308.7953
310.7548
311.5179
311.5179
315.8978
318.5649
320.6638
320.3117
319.9365
323.6472
323.1887
321.4395
321.1808
322.0071
320.0063
315.6240
317.1159
322.1678
321.8588
322.1445
317.4815
316.2092
312.5720
315.5640
314.7162
314.2892
314.3538
314.3538
311.4018
310.9780

Return
0.009125
0.007065
-0.00615
-0.00628
-0.00975
0.006862
0.009473
-0.00326
0.006598
0
0.014808
0.008817
0.001621
0.001318
0.002608
-0.00253
-0.00421
0.006346
0.002456
0
0.01406
0.008443
0.006589
-0.0011
-0.00117
0.011598
-0.00142
-0.00541
-0.0008
0.002573
-0.00621
-0.01369
0.004727
0.015931
-0.00096
0.000888
-0.01447
-0.00401
-0.0115
0.009572
-0.00269
-0.00136
0.000206
0
-0.00939
-0.00136

41

09/10/2014
10/10/2014
13/10/2014
14/10/2014
14/10/2014
16/10/2014
17/10/2014
20/10/2014
21/10/2014
22/10/2014
22/10/2014
27/10/2014
28/10/2014
29/10/2014
30/10/2014
31/10/2014
03/11/2014
03/11/2014
05/11/2014
05/11/2014
07/11/2014
10/11/2014
11/11/2014
12/11/2014
13/11/2014
14/11/2014
17/11/2014
18/11/2014
19/11/2014
20/11/2014
21/11/2014
24/11/2014
25/11/2014
26/11/2014
27/11/2014
28/11/2014
01/12/2014
02/12/2014
03/12/2014
04/12/2014
05/12/2014
08/12/2014
09/12/2014
10/12/2014
11/12/2014
12/12/2014
15/12/2014
16/12/2014
17/12/2014
18/12/2014
19/12/2014

315.4744
312.8196
313.8940
314.2592
314.2592
310.2931
313.5159
317.2648
318.8298
321.7014
321.7014
323.0170
323.0702
324.6907
327.6949
332.4481
332.1501
332.1501
332.9222
332.9222
336.0400
335.8767
337.2409
338.2314
337.7615
338.6691
339.1282
339.9094
338.9802
338.4857
341.2365
342.9535
340.8124
340.6877
341.6311
345.8127
346.1272
345.3432
346.5429
346.6035
344.8535
340.4816
336.4986
337.4752
334.6377
333.0722
333.1614
328.3768
326.8015
332.0809
334.5923

0.014459
-0.00842
0.003435
0.001163
0
-0.01262
0.010386
0.011958
0.004933
0.009007
0
0.00409
0.000165
0.005016
0.009252
0.014505
-0.0009
0
0.002325
0
0.009365
-0.00049
0.004062
0.002937
-0.00139
0.002687
0.001356
0.002304
-0.00273
-0.00146
0.008127
0.005032
-0.00624
-0.00037
0.002769
0.01224
0.000909
-0.00227
0.003474
0.000175
-0.00505
-0.01268
-0.0117
0.002902
-0.00841
-0.00468
0.000268
-0.01436
-0.0048
0.016155
0.007563

42

22/12/2014
23/12/2014
24/12/2014
24/12/2014
26/12/2014
29/12/2014
30/12/2014
31/12/2014
01/01/2015
02/01/2015
05/01/2015
06/01/2015
07/01/2015
08/01/2015
09/01/2015
12/01/2015
13/01/2015
14/01/2015
15/01/2015
16/01/2015
19/01/2015
20/01/2015
21/01/2015
22/01/2015
23/01/2015
23/01/2015
27/01/2015
28/01/2015
29/01/2015
30/01/2015
02/02/2015
03/02/2015
04/02/2015
05/02/2015
06/02/2015
09/02/2015
10/02/2015
11/02/2015
12/02/2015
13/02/2015
16/02/2015
16/02/2015
18/02/2015
19/02/2015
20/02/2015
23/02/2015
24/02/2015
25/02/2015
26/02/2015
27/02/2015
02/03/2015

337.7396
336.5087
334.5041
334.5041
335.5013
336.2072
336.9463
338.0004
338.8197
342.8910
342.3412
334.5547
333.1971
338.0661
339.9065
341.2684
341.5305
341.2738
347.6617
347.7465
350.7499
354.5486
357.0416
358.6240
362.0413
362.0413
363.7343
362.5284
363.8665
359.6098
357.4161
354.7482
354.1481
354.7655
351.8062
347.6798
350.4234
353.2740
356.5369
359.6186
358.4456
358.4456
360.0018
360.5956
358.8105
356.6096
356.0313
355.6650
352.2813
358.5782
367.2859

0.009406
-0.00364
-0.00596
0
0.002981
0.002104
0.002198
0.003128
0.002424
0.012016
-0.0016
-0.02274
-0.00406
0.014613
0.005444
0.004007
0.000768
-0.00075
0.018718
0.000244
0.008637
0.01083
0.007031
0.004432
0.009529
0
0.004676
-0.00332
0.003691
-0.0117
-0.0061
-0.00746
-0.00169
0.001743
-0.00834
-0.01173
0.007891
0.008135
0.009236
0.008643
-0.00326
0
0.004342
0.001649
-0.00495
-0.00613
-0.00162
-0.00103
-0.00951
0.017875
0.024284

43

03/03/2015
04/03/2015
05/03/2015
05/03/2015
09/03/2015
10/03/2015
11/03/2015
12/03/2015
13/03/2015
16/03/2015
17/03/2015
18/03/2015
19/03/2015
20/03/2015
23/03/2015
24/03/2015
25/03/2015
26/03/2015
27/03/2015
30/03/2015
31/03/2015
01/04/2015
06/04/2015
07/04/2015
08/04/2015
09/04/2015
10/04/2015
13/04/2015
13/04/2015
15/04/2015
16/04/2015
17/04/2015
20/04/2015
21/04/2015
22/04/2015
23/04/2015
24/04/2015
27/04/2015
28/04/2015
29/04/2015
29/04/2015
30/04/2015
04/05/2015
05/05/2015
06/05/2015
07/05/2015
08/05/2015
11/05/2015
12/05/2015
13/05/2015
14/05/2015

368.3926
365.1986
365.1207
365.1207
358.1454
358.8938
358.9120
361.7047
357.3064
357.0913
360.9525
359.7814
357.3258
355.8004
355.1436
355.2189
354.4881
349.3455
349.8065
355.0184
355.4964
359.2310
360.6349
361.1187
363.7183
366.0133
366.7617
367.8789
367.8789
364.8126
363.2519
357.5217
351.5598
350.3573
352.5852
352.4169
348.1340
343.8840
346.7937
346.1629
344.3427
344.3427
349.3965
350.1416
341.2339
339.2110
343.6750
348.7027
342.3831
346.4711
346.8110

0.003013
-0.00867
-0.00021
0
-0.0191
0.00209
5.07E-05
0.007781
-0.01216
-0.0006
0.010813
-0.00324
-0.00683
-0.00427
-0.00185
0.000212
-0.00206
-0.01451
0.00132
0.014899
0.001346
0.010505
0.003908
0.001342
0.007199
0.00631
0.002045
0.003046
0
-0.00834
-0.00428
-0.01577
-0.01668
-0.00342
0.006359
-0.00048
-0.01215
-0.01221
0.008461
-0.00182
-0.00526
0
0.014677
0.002133
-0.02544
-0.00593
0.01316
0.014629
-0.01812
0.01194
0.000981

44

15/05/2015
18/05/2015
19/05/2015
20/05/2015
21/05/2015
22/05/2015
25/05/2015
26/05/2015
27/05/2015
28/05/2015
29/05/2015
01/06/2015
02/06/2015
03/06/2015
04/06/2015
05/06/2015
08/06/2015
09/06/2015
10/06/2015
11/06/2015
12/06/2015
15/06/2015
16/06/2015
17/06/2015
18/06/2015
19/06/2015
22/06/2015
23/06/2015
24/06/2015
25/06/2015
26/06/2015
29/06/2015
30/06/2015
01/07/2015
02/07/2015
03/07/2015
06/07/2015
07/07/2015
08/07/2015
09/07/2015
10/07/2015
13/07/2015
14/07/2015
15/07/2015
16/07/2015
17/07/2015
20/07/2015
21/07/2015
22/07/2015
23/07/2015
24/07/2015

348.5800
352.6671
353.5212
355.4385
355.9148
356.4218
354.8668
354.3304
354.9434
354.5886
360.8486
360.0274
352.6606
349.8924
350.5539
349.1280
346.6906
344.9752
348.7741
342.7265
343.4830
343.4503
344.9588
346.5679
349.2641
351.5171
355.3856
356.2537
355.5337
356.6129
356.8182
354.0053
355.6751
359.6038
360.0938
361.1049
363.0981
362.7730
358.0072
356.5232
358.1086
361.6241
361.6090
363.9842
367.1861
367.3765
368.3056
366.0606
370.4141
369.3999
366.8740

0.005101
0.011725
0.002422
0.005423
0.00134
0.001424
-0.00436
-0.00151
0.00173
-0.001
0.017654
-0.00228
-0.02046
-0.00785
0.001891
-0.00407
-0.00698
-0.00495
0.011012
-0.01734
0.002207
-9.5E-05
0.004392
0.004665
0.00778
0.006451
0.011005
0.002443
-0.00202
0.003035
0.000576
-0.00788
0.004717
0.011046
0.001363
0.002808
0.00552
-0.0009
-0.01314
-0.00415
0.004447
0.009817
-4.2E-05
0.006568
0.008797
0.000519
0.002529
-0.0061
0.011893
-0.00274
-0.00684

45

27/07/2015
28/07/2015
29/07/2015
30/07/2015
31/07/2015

360.0823
358.9785
361.5206
363.9232
367.8757

-0.01851
-0.00307
0.007081
0.006646
0.010861

46

Annexure B- Daily returns of SBI Blue Chip Mutual Fund

Date

NAV
04-Aug-14
05-Aug-14
06-Aug-14
07-Aug-14
08-Aug-14
11-Aug-14
12-Aug-14
13-Aug-14
14-Aug-14
18-Aug-14
19-Aug-14
20-Aug-14
21-Aug-14
22-Aug-14
25-Aug-14
26-Aug-14
27-Aug-14
28-Aug-14
01-Sep-14
02-Sep-14
03-Sep-14
04-Sep-14
05-Sep-14
08-Sep-14
09-Sep-14
10-Sep-14
11-Sep-14
12-Sep-14
15-Sep-14
16-Sep-14
17-Sep-14
18-Sep-14
19-Sep-14
22-Sep-14
23-Sep-14
24-Sep-14
25-Sep-14
26-Sep-14
29-Sep-14
30-Sep-14
01-Oct-14
07-Oct-14
09-Oct-14
10-Oct-14

Return
23.1452
23.2787
23.106
23.058
22.8014
22.9636
23.1433
23.1071
23.2974
23.5779
23.7085
23.7266
23.8813
24.018
24.0004
24.0146
24.1995
24.2327
24.5102
24.7525
24.8955
24.8577
24.8318
25.0175
25.0574
24.9686
25.1706
25.2581
25.117
24.6117
24.7187
25.1682
25.1757
25.2455
24.9084
24.8283
24.6124
24.8001
24.8874
24.9223
24.8249
24.5564
24.7982
24.4363

0.007106
0.005768
-0.00742
-0.00208
-0.01113
0.007114
0.007825
-0.00156
0.008236
0.01204
0.005539
0.000763
0.00652
0.005724
-0.00073
0.000592
0.007699
0.001372
0.011451
0.009886
0.005777
-0.00152
-0.00104
0.007478
0.001595
-0.00354
0.00809
0.003476
-0.00559
-0.02012
0.004348
0.018185
0.000298
0.002773
-0.01335
-0.00322
-0.0087
0.007626
0.00352
0.001402
-0.00391
-0.01082
0.009847
-0.01459
47

13-Oct-14
14-Oct-14
16-Oct-14
17-Oct-14
20-Oct-14
21-Oct-14
22-Oct-14
27-Oct-14
28-Oct-14
29-Oct-14
30-Oct-14
31-Oct-14
03-Nov-14
05-Nov-14
07-Nov-14
10-Nov-14
11-Nov-14
12-Nov-14
13-Nov-14
14-Nov-14
17-Nov-14
18-Nov-14
19-Nov-14
20-Nov-14
21-Nov-14
24-Nov-14
25-Nov-14
26-Nov-14
27-Nov-14
28-Nov-14
01-Dec-14
02-Dec-14
03-Dec-14
04-Dec-14
05-Dec-14
08-Dec-14
09-Dec-14
10-Dec-14
11-Dec-14
12-Dec-14
15-Dec-14
16-Dec-14
17-Dec-14
18-Dec-14
19-Dec-14
22-Dec-14
23-Dec-14

24.5649
24.4911
24.0591
24.1632
24.4695
24.6691
24.8903
24.9151
25.0446
25.2028
25.4904
25.892
25.8576
25.9419
26.0622
26.0857
26.1914
26.3246
26.235
26.2818
26.4106
26.4919
26.3636
26.4056
26.6116
26.734
26.5007
26.5071
26.5345
26.8306
26.7817
26.7967
26.9346
27.0368
26.909
26.6059
26.2934
26.3649
26.2223
26.0803
25.9347
25.5966
25.4446
25.9493
26.1593
26.4116
26.2958

0.005263
-0.003
-0.01764
0.004327
0.012676
0.008157
0.008967
0.000996
0.005198
0.006317
0.011411
0.015755
-0.00133
0.00326
0.004637
0.000902
0.004052
0.005086
-0.0034
0.001784
0.004901
0.003078
-0.00484
0.001593
0.007801
0.004599
-0.00873
0.000242
0.001034
0.011159
-0.00182
0.00056
0.005146
0.003794
-0.00473
-0.01126
-0.01175
0.002719
-0.00541
-0.00542
-0.00558
-0.01304
-0.00594
0.019835
0.008093
0.009645
-0.00438
48

24-Dec-14
26-Dec-14
29-Dec-14
30-Dec-14
31-Dec-14
01-Jan-15
02-Jan-15
05-Jan-15
06-Jan-15
07-Jan-15
08-Jan-15
09-Jan-15
12-Jan-15
13-Jan-15
14-Jan-15
15-Jan-15
16-Jan-15
19-Jan-15
20-Jan-15
21-Jan-15
22-Jan-15
23-Jan-15
27-Jan-15
28-Jan-15
29-Jan-15
30-Jan-15
02-Feb-15
03-Feb-15
04-Feb-15
05-Feb-15
06-Feb-15
09-Feb-15
10-Feb-15
11-Feb-15
12-Feb-15
13-Feb-15
16-Feb-15
18-Feb-15
19-Feb-15
20-Feb-15
23-Feb-15
24-Feb-15
25-Feb-15
26-Feb-15
27-Feb-15
02-Mar-15
03-Mar-15

26.1524
26.1744
26.4193
26.4866
26.6438
26.6758
26.9138
26.8047
26.1215
26.1409
26.4908
26.5737
26.7079
26.712
26.6967
27.2076
27.3001
27.4481
27.6768
27.8192
27.9673
28.101
28.4281
28.5092
28.5667
28.3219
28.3239
28.3037
28.1731
28.1276
27.8872
27.5892
27.7591
28.0447
28.3735
28.6737
28.6277
28.889
29.0107
28.912
28.6898
28.6355
28.5924
28.2795
28.7206
29.3099
29.5172

-0.00545
0.000841
0.009356
0.002547
0.005935
0.001201
0.008922
-0.00405
-0.02549
0.000743
0.013385
0.003129
0.00505
0.000154
-0.00057
0.019137
0.0034
0.005421
0.008332
0.005145
0.005324
0.004781
0.01164
0.002853
0.002017
-0.00857
7.06E-05
-0.00071
-0.00461
-0.00162
-0.00855
-0.01069
0.006158
0.010289
0.011724
0.01058
-0.0016
0.009128
0.004213
-0.0034
-0.00769
-0.00189
-0.00151
-0.01094
0.015598
0.020518
0.007073
49

04-Mar-15
05-Mar-15
09-Mar-15
10-Mar-15
11-Mar-15
12-Mar-15
13-Mar-15
16-Mar-15
17-Mar-15
18-Mar-15
19-Mar-15
20-Mar-15
23-Mar-15
24-Mar-15
25-Mar-15
26-Mar-15
27-Mar-15
30-Mar-15
31-Mar-15
01-Apr-15
06-Apr-15
07-Apr-15
08-Apr-15
09-Apr-15
10-Apr-15
13-Apr-15
15-Apr-15
16-Apr-15
17-Apr-15
20-Apr-15
21-Apr-15
22-Apr-15
23-Apr-15
24-Apr-15
27-Apr-15
28-Apr-15
29-Apr-15
30-Apr-15
04-May-15
05-May-15
06-May-15
07-May-15
08-May-15
11-May-15
12-May-15
13-May-15
14-May-15

29.2872
29.4828
29.1288
29.0342
29.0591
29.2876
28.9782
28.9627
29.1834
29.1526
29.103
28.8109
28.6686
28.5991
28.5653
28.1201
28.1487
28.6631
28.7501
29.0819
29.3904
29.4392
29.6291
29.6844
29.7316
29.8556
29.6622
29.4988
29.0867
28.6257
28.3311
28.4358
28.3149
28.0519
27.6104
27.9833
28.0388
27.955
28.2306
28.2553
27.5035
27.2367
27.6997
28.1619
27.6393
27.9161
27.9714

-0.00779
0.006679
-0.01201
-0.00325
0.000858
0.007863
-0.01056
-0.00053
0.00762
-0.00106
-0.0017
-0.01004
-0.00494
-0.00242
-0.00118
-0.01559
0.001017
0.018274
0.003035
0.011541
0.010608
0.00166
0.006451
0.001866
0.00159
0.004171
-0.00648
-0.00551
-0.01397
-0.01585
-0.01029
0.003696
-0.00425
-0.00929
-0.01574
0.013506
0.001983
-0.00299
0.009859
0.000875
-0.02661
-0.0097
0.016999
0.016686
-0.01856
0.010015
0.001981
50

15-May-15
18-May-15
19-May-15
20-May-15
21-May-15
22-May-15
25-May-15
26-May-15
27-May-15
28-May-15
29-May-15
01-Jun-15
02-Jun-15
03-Jun-15
04-Jun-15
05-Jun-15
08-Jun-15
09-Jun-15
10-Jun-15
11-Jun-15
12-Jun-15
15-Jun-15
16-Jun-15
17-Jun-15
18-Jun-15
19-Jun-15
22-Jun-15
23-Jun-15
24-Jun-15
25-Jun-15
26-Jun-15
29-Jun-15
30-Jun-15
01-Jul-15
02-Jul-15
03-Jul-15
06-Jul-15
07-Jul-15
08-Jul-15
09-Jul-15
10-Jul-15
13-Jul-15
14-Jul-15
15-Jul-15
16-Jul-15
17-Jul-15
20-Jul-15

28.102
28.345
28.3559
28.4204
28.5025
28.6055
28.4605
28.4853
28.4516
28.3657
28.7173
28.5934
28.1239
27.9008
27.9607
27.9508
27.6322
27.5623
27.8992
27.452
27.4822
27.562
27.6509
27.8761
28.1959
28.3903
28.734
28.8828
28.7913
28.9342
28.9371
28.6235
28.8831
29.1651
29.1958
29.3001
29.4507
29.5365
29.1669
29.04
29.1793
29.4519
29.4545
29.6214
29.8501
29.9389
30.009

0.004669
0.008647
0.000385
0.002275
0.002889
0.003614
-0.00507
0.000871
-0.00118
-0.00302
0.012395
-0.00431
-0.01642
-0.00793
0.002147
-0.00035
-0.0114
-0.00253
0.012223
-0.01603
0.0011
0.002904
0.003225
0.008144
0.011472
0.006895
0.012106
0.005179
-0.00317
0.004963
0.0001
-0.01084
0.009069
0.009763
0.001053
0.003572
0.00514
0.002913
-0.01251
-0.00435
0.004797
0.009342
8.83E-05
0.005666
0.007721
0.002975
0.002341
51

21-Jul-15
22-Jul-15
23-Jul-15
24-Jul-15
27-Jul-15
28-Jul-15
29-Jul-15
30-Jul-15
31-Jul-15

29.6305
29.8713
29.8411
29.6943
29.2909
29.3226
29.4917
29.579
29.8677

-0.01261
0.008127
-0.00101
-0.00492
-0.01359
0.001082
0.005767
0.00296
0.00976

52

Annexure C- Daily returns of Indiabulls Blue Chip Mutual Fund

Date

NAV
01-Aug-14
04-Aug-14
05-Aug-14
06-Aug-14
07-Aug-14
08-Aug-14
11-Aug-14
12-Aug-14
13-Aug-14
14-Aug-14
18-Aug-14
19-Aug-14
20-Aug-14
21-Aug-14
22-Aug-14
25-Aug-14
26-Aug-14
27-Aug-14
28-Aug-14
01-Sep-14
02-Sep-14
03-Sep-14
04-Sep-14
05-Sep-14
08-Sep-14
09-Sep-14
10-Sep-14
11-Sep-14
12-Sep-14
15-Sep-14
16-Sep-14
17-Sep-14
18-Sep-14
19-Sep-14
22-Sep-14
23-Sep-14
24-Sep-14
25-Sep-14
26-Sep-14
29-Sep-14
30-Sep-14

Return
13.04
13.15
13.25
13.09
13.04
12.91
12.99
13.16
13.1
13.22
13.42
13.47
13.47
13.53
13.59
13.54
13.51
13.63
13.68
13.86
13.92
13.97
13.91
13.92
14.06
14.02
13.98
14
14.01
13.98
13.63
13.65
13.92
13.99
13.99
13.72
13.57
13.37
13.49
13.59
13.62

0.008436
0.007605
-0.01208
-0.00382
-0.00997
0.006197
0.013087
-0.00456
0.00916
0.015129
0.003726
0
0.004454
0.004435
-0.00368
-0.00222
0.008882
0.003668
0.013158
0.004329
0.003592
-0.00429
0.000719
0.010057
-0.00284
-0.00285
0.001431
0.000714
-0.00214
-0.02504
0.001467
0.01978
0.005029
0
-0.0193
-0.01093
-0.01474
0.008975
0.007413
0.002208
53

01-Oct-14
07-Oct-14
09-Oct-14
10-Oct-14
13-Oct-14
14-Oct-14
16-Oct-14
17-Oct-14
20-Oct-14
21-Oct-14
22-Oct-14
27-Oct-14
28-Oct-14
29-Oct-14
30-Oct-14
31-Oct-14
03-Nov-14
05-Nov-14
07-Nov-14
10-Nov-14
11-Nov-14
12-Nov-14
13-Nov-14
14-Nov-14
17-Nov-14
18-Nov-14
19-Nov-14
20-Nov-14
21-Nov-14
24-Nov-14
25-Nov-14
26-Nov-14
27-Nov-14
28-Nov-14
01-Dec-14
02-Dec-14
03-Dec-14
04-Dec-14
05-Dec-14
08-Dec-14
09-Dec-14
10-Dec-14
11-Dec-14
12-Dec-14

13.57
13.44
13.36
13.62
13.52
13.54
13.51
13.23
13.21
13.38
13.46
13.66
13.67
13.72
13.83
13.94
14.18
14.23
14.29
14.36
14.34
14.4
14.43
14.35
14.38
14.52
14.54
14.5
14.49
14.53
14.56
14.41
14.46
14.51
14.7
14.7
14.71
14.82
14.79
14.7
14.52
14.34
14.46
14.41

-0.00367
-0.00958
-0.00595
0.019461
-0.00734
0.001479
-0.00222
-0.02073
-0.00151
0.012869
0.005979
0.014859
0.000732
0.003658
0.008017
0.007954
0.017217
0.003526
0.004216
0.004899
-0.00139
0.004184
0.002083
-0.00554
0.002091
0.009736
0.001377
-0.00275
-0.00069
0.002761
0.002065
-0.0103
0.00347
0.003458
0.013094
0
0.00068
0.007478
-0.00202
-0.00609
-0.01224
-0.0124
0.008368
-0.00346
54

15-Dec-14
16-Dec-14
17-Dec-14
18-Dec-14
19-Dec-14
22-Dec-14
23-Dec-14
24-Dec-14
26-Dec-14
29-Dec-14
30-Dec-14
31-Dec-14
01-Jan-15
02-Jan-15
05-Jan-15
06-Jan-15
07-Jan-15
08-Jan-15
09-Jan-15
12-Jan-15
13-Jan-15
14-Jan-15
15-Jan-15
16-Jan-15
19-Jan-15
20-Jan-15
21-Jan-15
22-Jan-15
23-Jan-15
27-Jan-15
28-Jan-15
29-Jan-15
30-Jan-15
02-Feb-15
03-Feb-15
04-Feb-15
05-Feb-15
06-Feb-15
09-Feb-15
10-Feb-15
11-Feb-15
12-Feb-15
13-Feb-15
16-Feb-15

14.32
14.27
13.99
13.9
14.22
14.3
14.38
14.3
14.24
14.29
14.39
14.41
14.51
14.56
14.76
14.81
14.38
14.4
14.63
14.67
14.8
14.8
14.74
14.99
15.04
15.13
15.25
15.33
15.38
15.43
15.58
15.53
15.58
15.44
15.52
15.5
15.4
15.38
15.17
14.94
15.09
15.28
15.39
15.6

-0.00625
-0.00349
-0.01962
-0.00643
0.023022
0.005626
0.005594
-0.00556
-0.0042
0.003511
0.006998
0.00139
0.00694
0.003446
0.013736
0.003388
-0.02903
0.001391
0.015972
0.002734
0.008862
0
-0.00405
0.016961
0.003336
0.005984
0.007931
0.005246
0.003262
0.003251
0.009721
-0.00321
0.00322
-0.00899
0.005181
-0.00129
-0.00645
-0.0013
-0.01365
-0.01516
0.01004
0.012591
0.007199
0.013645
55

18-Feb-15
19-Feb-15
20-Feb-15
23-Feb-15
24-Feb-15
25-Feb-15
26-Feb-15
27-Feb-15
02-Mar-15
03-Mar-15
04-Mar-15
05-Mar-15
09-Mar-15
10-Mar-15
11-Mar-15
12-Mar-15
13-Mar-15
16-Mar-15
17-Mar-15
18-Mar-15
19-Mar-15
20-Mar-15
23-Mar-15
24-Mar-15
25-Mar-15
26-Mar-15
27-Mar-15
30-Mar-15
31-Mar-15
01-Apr-15
06-Apr-15
07-Apr-15
08-Apr-15
09-Apr-15
10-Apr-15
13-Apr-15
15-Apr-15
16-Apr-15
17-Apr-15
20-Apr-15
21-Apr-15
22-Apr-15
23-Apr-15
24-Apr-15

15.56
15.63
15.68
15.67
15.54
15.51
15.42
15.24
15.59
16.05
16.12
15.92
15.99
15.71
15.67
15.57
15.61
15.37
15.37
15.53
15.49
15.39
15.15
15.05
15.08
15.06
14.88
14.98
15.25
15.32
15.48
15.61
15.63
15.73
15.76
15.77
15.88
15.7
15.58
15.25
14.95
14.77
14.79
14.79

-0.00256
0.004499
0.003199
-0.00064
-0.0083
-0.00193
-0.0058
-0.01167
0.022966
0.029506
0.004361
-0.01241
0.004397
-0.01751
-0.00255
-0.00638
0.002569
-0.01537
0
0.01041
-0.00258
-0.00646
-0.01559
-0.0066
0.001993
-0.00133
-0.01195
0.00672
0.018024
0.00459
0.010444
0.008398
0.001281
0.006398
0.001907
0.000635
0.006975
-0.01134
-0.00764
-0.02118
-0.01967
-0.01204
0.001354
0
56

27-Apr-15
28-Apr-15
29-Apr-15
30-Apr-15
04-May-15
05-May-15
06-May-15
07-May-15
08-May-15
11-May-15
12-May-15
13-May-15
14-May-15
15-May-15
18-May-15
19-May-15
20-May-15
21-May-15
22-May-15
25-May-15
26-May-15
27-May-15
28-May-15
29-May-15
01-Jun-15
02-Jun-15
03-Jun-15
04-Jun-15
05-Jun-15
08-Jun-15
09-Jun-15
10-Jun-15
11-Jun-15
12-Jun-15
15-Jun-15
16-Jun-15
17-Jun-15
18-Jun-15
19-Jun-15
22-Jun-15
23-Jun-15
24-Jun-15
25-Jun-15
26-Jun-15

14.51
14.25
14.5
14.59
14.58
14.82
14.9
14.38
14.21
14.45
14.66
14.36
14.56
14.64
14.67
14.75
14.8
14.81
14.78
14.83
14.87
14.77
14.67
14.63
14.86
14.73
14.42
14.15
14.19
14.24
14.08
14.02
14.27
14.01
14
14.04
14.13
14.33
14.48
14.54
14.79
14.91
14.91
14.93

-0.01893
-0.01792
0.017544
0.006207
-0.00069
0.016461
0.005398
-0.0349
-0.01182
0.01689
0.014533
-0.02046
0.013928
0.005495
0.002049
0.005453
0.00339
0.000676
-0.00203
0.003383
0.002697
-0.00672
-0.00677
-0.00273
0.015721
-0.00875
-0.02105
-0.01872
0.002827
0.003524
-0.01124
-0.00426
0.017832
-0.01822
-0.00071
0.002857
0.00641
0.014154
0.010468
0.004144
0.017194
0.008114
0
0.001341
57

29-Jun-15
30-Jun-15
01-Jul-15
02-Jul-15
03-Jul-15
06-Jul-15
07-Jul-15
08-Jul-15
09-Jul-15
10-Jul-15
13-Jul-15
14-Jul-15
15-Jul-15
16-Jul-15
17-Jul-15
20-Jul-15
21-Jul-15
22-Jul-15
23-Jul-15
24-Jul-15
27-Jul-15
28-Jul-15
29-Jul-15
30-Jul-15
31-Jul-15

14.91
14.64
14.76
14.97
15.02
15.05
15.18
15.22
15.01
15.06
15.16
15.43
15.45
15.51
15.67
15.7
15.74
15.48
15.7
15.73
15.66
15.53
15.54
15.76
15.95

-0.00134
-0.01811
0.008197
0.014228
0.00334
0.001997
0.008638
0.002635
-0.0138
0.003331
0.00664
0.01781
0.001296
0.003883
0.010316
0.001914
0.002548
-0.01652
0.014212
0.001911
-0.00445
-0.0083
0.000644
0.014157
0.012056

58

BIBLIOGRAPHY

ZIPSIP.COM

Google.COM

Investopedia.COM

Moneycontrol.COM

Franklinetempletonindia.com

SBIMF.com

Book on Portfolio Management by ICFAI Press

Business world
investmart.com

59