Introduction

This presentation provides a comparative analysis of

risk parameters, portfolio holdings, and historical
returns of three mutual funds in India. The study aims
to evaluate the performance and investment potential
of these funds. By examining key factors such as risk,
diversification, and past performance, investors can
make informed decisions. The findings will help
investors understand the differences and similarities
among these funds.
 What is Mutual Funds

A mutual fund is a pool of money

managed by a professional Fund
Manager. It is a trust that collects
money from a number of investors
who share a common investment
objective and invests the same in
equities, bonds, money market
instruments and/or other securities.
 Objective
The objective of this study is to analyze
and compare the risk parameters,
portfolio holdings, and historical returns
of three mutual funds in India. By
examining these factors, we aim to
provide insights into the performance
and investment potential of these
funds. This analysis will assist investors
in making informed decisions about
their investment strategies.
 Methodology
The study utilizes a comprehensive methodology to
compare the risk parameters, portfolio holdings, and
historical returns of the three mutual funds. Data from
reliable sources, such as fund fact sheets and historical
performance reports, are analyzed. Risk parameters
include standard deviation, beta, and Sharpe ratio.
Portfolio holdings are evaluated for diversification and
sector allocation. Historical returns are assessed over
different time periods.
 Aditya Birla Sun Life Medium
Term Direct Plan-Growth
•Aditya Birla Sun Life Medium Term Direct Plan-Growth is a
Medium Duration mutual fund scheme from Aditya Birla Sun
Life Mutual Fund. This fund has been in existence for 10 yrs 9
m, having been launched on 01/01/2013. Aditya Birla Sun Life
Medium Term Direct Plan-Growth has ₹1,897 Crores worth of
assets under management (AUM) as on 30/09/2023 and is
medium-sized fund of its category. The fund has an expense
ratio of 0.87%, which is higher than what most other Medium
Duration funds charge.
•Aditya Birla Sun Life Medium Term Direct Plan-Growth
returns of last 1-year are 7.58%. Since launch, it has delivered
9.41% average annual returns. The fund has doubled the money
invested in it every 9 yrs.
 Nippon India Nivesh
Lakshya Fund Direct -
Growth
Nippon India Nivesh Lakshya Fund Direct - Growth
is a Long Duration mutual fund scheme from Nippon
India Mutual Fund. This fund has been in existence
for 5 yrs 4 m, having been launched on 18/06/2018.
Nippon India Nivesh Lakshya Fund Direct - Growth
has ₹6,361 Crores worth of assets under
management (AUM) as on 30/09/2023 and is
medium-sized fund of its category. The fund has an
expense ratio of 0.3%, which is close to what most
other Long Duration funds charge.
•Nippon India Nivesh Lakshya Fund Direct - Growth
returns of last 1-year are 7.62%. Since launch, it has
delivered 8.42% average annual returns.
 SBI Magnum Gilt Fund Direct-
Growth
•SBI Magnum Gilt Fund Direct-Growth is a Gilt mutual fund
scheme from Sbi Mutual Fund. This fund has been in existence
for 10 yrs 9 m, having been launched on 01/01/2013. SBI
Magnum Gilt Fund Direct-Growth has ₹7,268 Crores worth of
assets under management (AUM) as on 30/09/2023 and is
medium-sized fund of its category. The fund has an expense ratio
of 0.47%, which is close to what most other Gilt funds charge.
•SBI Magnum Gilt Fund Direct-Growth returns of last 1-year are
7.80%. Since launch, it has delivered 9.19% average annual
returns. The fund has doubled the money invested in it every 9
yrs.
 Risk Parameters
Risk parameters play a crucial role in assessing
the potential risks associated with mutual
funds. This slide compares the volatility, beta,
and Sharpe ratio of Fund A, Fund B, and Fund C.
Volatility measures the fluctuations in fund
returns, beta indicates sensitivity to market
movements, and Sharpe ratio assesses risk-
adjusted returns. Understanding these
parameters helps investors to gauge the risk
exposure of each fund.
 Risk Parameters
Parameters Aditya Birla Sun Life Nippon India Nivesh Lakshya SBI Magnum Gilt Fund
Medium Term Direct Plan(A) Fund Direct(B) Direct(C)

Standard Deviation 9.61 4.91 2.05

Sharpe 0.91 0.05 0.59

Beta 1.15 3.73 0.43

Sortino 4.96 0.07 1.01

Alpha 8.91 6.32 1.1

 Portfolio Holdings
The composition of a mutual fund's portfolio holdings
provides insights into its investment strategy and
diversification. This slide compares the asset
allocation, sector distribution, and top holdings of
Fund A, Fund B, and Fund C. Examining these factors
allows investors to understand the fund's exposure to
different asset classes and industries, as well as the
concentration of investments in specific securities.
 Portfolio Holdings
Portfolio Holdings Aditya Birla Sun Life Medium Nippon India Nivesh Lakshya SBI Magnum Gilt Fund Direct
Term Direct Plan(A) Fund Direct(B) (C)

Top 3 sectors Construction (2.16%) NA NA

Top 5 holdings GOI (43.72%) GOI (27.78%) GOI (79.6%)
Shriram Finance Ltd (3.44%) Reserve Bank of India (3.4%)
LIC Housing Finance West Bengal State (0.01%)
Ltd. (2.9%)
JSW Steel Ltd. (2.61%)
JM Financial Credit Solutions
Ltd. (2.34%)
P/E Ratio NA NA NA
P/B Ratio NA NA NA
Equity% 0% 0% 0%
Debt% 92.03% 96.94% 86.3%

Turnover Ratio NA NA NA
Yield To Maturity 7.98% 7.49% 7.3%
Modified Duration 3.52 yrs 10.11 yrs 3.76 yrs
Avg. Maturity 5.71 yrs 21.03 yrs 5.2 yrs
Avg. Credit Quality Moderate (SOV) Very high (SOV) High (SOV)
 Historical Returns
Analyzing the historical returns of mutual
funds helps investors assess their
performance over time. This slide
compares the annualized returns,
cumulative returns, and benchmark
comparison of Fund A, Fund B, and Fund C.
Evaluating these metrics enables investors
to gauge the fund's profitability,
consistency, and ability to outperform a
benchmark index.
Historical Returns
Historical Returns
Aditya Birla Sun Life
Medium Term Direct
Nippon India Nivesh
Lakshya Fund Direct(B)
SBI Magnum Gilt Fund
Direct(C)
Plan(A)

3 months 0.9% -1.11% 0.52%

6 months 2.89% 1.59% 2.73%

1 year 7.59% 7.97% 7.85%

3 year 12.98% 4.06% 5.21%

5 year 8.93% 8.81% 8.65%

 Comparative Analysis: Risk
Parameters
Comparing the risk parameters of the three mutual
funds, Mutual Fund A has the highest standard
deviation (9.61%) and alpha (8.91%). Mutual Fund C
has the lowest risk parameters, making it a more
conservative option.
 Comparative Analysis
Portfolio Holdings When analyzing the portfolio
holdings, Mutual Fund A offers a well-diversified
portfolio across multiple sectors. Mutual Fund B
focuses on growth stocks in the technology
sector, resulting in a concentrated portfolio.
Mutual Fund C follows a conservative approach
with stable and dividend paying stocks.
 Comparative Analysis: Historical
Returns
In terms of historical returns, Mutual
Fund A has shown the highest average
annual return (8.93%) over the past five
years, followed by Mutual Fund B
(8.81%) and Mutual Fund C (8.65%).
However, investors should consider the
risk associated with these returns and
their own investment objectives.
 Conclusion
In conclusion, this study compared the risk parameters,
portfolio holdings, and historical returns of Fund A, Fund B,
and Fund C. By analyzing these factors, investors can make
informed investment decisions based on their risk tolerance
and investment goals. Understanding the performance and
risks associated with mutual funds is crucial for achieving
long-term investment success.