Mutual funds -hdfc--18 (2)-1

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ABSTRACT
Theoretical knowledge without the practical exposure is of little value.
Theoretical Studies in Classroom are not sufficient to understand the functioning
and nature of research. Therefore it becomes necessary to undergo any research
project work. Practical project Supplements the Theoretical studies i.e. it covers
what is left uncovered in the classroom. It exposes a student to invaluable pleasure
of experiences. I complete my research project on the topic “MUTUAL FUNDS”
During the research project I got an opportunity to learn valuable things, which I
could have been able to learn from theory classes. In nutshell, whole of my project
was invaluable experience in the pursuit of knowledge. In the forthcoming pages
attempt has been made to present a comprehensive report concerning different
aspects of my research. The overall gain to me will be reflected in the reportitself.

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INTRODUCTION
A mutual funds is just the partner range or a money related center individual that
empowers a social occasion of budgetary masters to pool their money together with a
destined theory objective. The mutual store will have a save overseer who is
accountable for putting the aggregated money into express securities (stocks or
securities). When you place assets into a typical store, you are acquiring units or
portions of the mutual save and along these lines on contributing transforms into a
speculator or unit holder of the store.
Shared resources are considered as a champion among the best available endeavors as
stand out from others they are very cost profitable and besides easy to place assets into,
thusly by pooling money together in a typical hold, budgetary masters can purchase
stocks or securities with much lower trading costs than if they endeavored to do it
isolated. Regardless, the best favored outlook to shared resources is expanding, by
restricting peril and boosting returns
Shared save is a segment for pooling the advantages by issuing units to the money
related experts and placing resources in securities according to focuses as revealed in
offer record.
Interests in securities are spread over a wide cross-portion of endeavors and sections
and subsequently the peril is decreased. Expanding decreases the danger since all stocks
may not move a comparative route in a comparable degree meanwhile. Normal store
issues units to the monetary authorities according to quantum of money contributed by
them. Money related experts of shared resources are known as unit holders.
The advantages or disasters are shared by the examiners in degree to their endeavors.
The common backings normally turned out with different plans with different theory
goals which are pushed once in a while. A mutual save is required to be enlisted with
Securities and Exchange Board of India (SEBI) which controls securities promotes
before it can accumulate resources from the all inclusive community.
A typical store is set up as a trust, which has support, trustees, asset Management
Company (AMC) and overseer. The trust is set up by a help or more than one help who
takes after publicist of an association. The trustees of the mutual save hold its property
to help the unit holders. Asset Management Company (AMC) embraced by SEBI

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manages the advantages by making interests in various types of securities. Regulator,
who is enlisted with SEBI, holds the securities of various plans of the store in its
guardianship. The trustees are vested with the general force of superintendence and
course over AMC. They screen the execution and consistence of SEBI Regulations by
the normal save.
Shared store in India
Unit Trust of India was the chief regular save set up in India in the year 1963. In mid
1990s, Government allowed open territory banks and associations to set up normal
resources.
In the year 1992, Securities and exchange Board of India (SEBI) Act was passed. The
objectives of SEBI are to guarantee the energy of money related experts in securities
and to propel the improvement of and to deal with the securities promote.
To the degree regular resources are concerned, SEBI plans methodologies and controls
the mutual advantages for secure the eagerness of the money related masters. SEBI told
rules for the regular resources in 1993. Starting there, basic resources upheld by private
region substances were allowed to enter the capital market. The rules were totally
reconsidered in 1996 and have been amended starting there every so often. SEBI has
furthermore issued tenets to the common resources from time to time to guarantee the
premiums of money related authorities.
Each and every mutual store whether best in class by open part or private fragment
substances including those progressed by outside components are spoken to by a
comparative game plan of Regulations. There is no refinement in regulatory essentials
for these mutual resources and all are at risk to watching and examinations by SEBI.
The risks related with the plans impelled by the normal resources bolstered by these
components are of practically identical kind
You can profit from a mutual fundsin three different ways:
1) Income is earned from profits on stocks and enthusiasm on bonds.
2) If the reserve sells securities that have expanded in value, the store has a
capital increase.
3) If reserve property increment in cost however are not sold by the store
director, the reserve's offers increment in cost. You would then be able to sell your
common reserve shares for a benefit.
NEED OF THE STUDY

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1. Shared assets are dynamic budgetary instincts which assume pivotal job in an
economy by activating reserve funds and putting them in the capital market.
2. The exercises of common assets have both short and long haul sway on the reserve
funds in the capital market and the national economy.
3. Shared assets, trust, help the procedure of budgetary developing and intermediation.
4. To banking in the meantime they likewise rival banks and other monetary instincts.
5. India is one of only a handful couple of nations to day keep up an examination
development rate is local funds.

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OBJECTIVES
1. To show the wide range of investment options available in MF’s by explaining
various schemes offered by different AMC’s.
2. To help an investor to make a right choice of investment, while considering the
inherent risk factors.
3. To understand the recent trends in the MF world.
4. To understand the risk and return of the various schemes.
5. To find out the various problems faced by Indian mutual funds and possible
solutions.

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SCOPE THE STUDY
1. The study is limited to the analysis made for a Growth scheme offered by four
AMC’s.
2. Each scheme is calculated their risk and return using different performance
measurement theories.
3. Because of the reason for such performance is immediately analyzed in the
issue.
4. Graphs are used to reflect the portfolio risk and return.

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RESEARCH METHODOLOGY & TOOLS
This investigation is essentially relies upon
1. Primary Data
2. Secondary Data
Essential information: The essential information gathered from the distinctive
organizations through enquiry.
SECONDARY DATA:
The secondary data gathered from the distinctive destinations, broachers, news
papers, organization offer reports, diverse books and through proposals from the task
manage and from the employees of our school.
TOOLS USED IN THIS PROJECT
The accompanying parameters were considered for investigation:
• Beta
• Alpha
• Correlation coefficient
• Treynor's Ratio
• Sharpe's Ratio

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LIMITATIONS OF THE STUDY:
1. The examination is led in brief period, because of which the investigation may not
be point by point in all angles.
2. The investigation is constrained just to the examination of various plans and its
reasonableness to various speculators as indicated by their hazard taking capacity. 3.
The investigation depends on optional information accessible from month to month
actuality sheets, sites; offer archives, magazines and papers and so forth., as essential
information was not open.
4. The investigation is restricted by the point by point investigation of different plans.
5. The NAV'S are not uniform.
6. The information gathered for this investigation isn't legitimate on the grounds that
some shared assets are not revealing the right data.
7. The examination isn't excluded from confinements of Sharpe Treynor and Jenson
measure.
8. Exceptional hazard is totally overlooked in all the measure.

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CHAPTER-II
REVIEW ON LITERATURE

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REVIEW ON LITERATURE
1. Pat Benson(2012) Hiring a fiscal coordinator isn't just for the well off any more.
Standard theorists also can get reasonably esteemed help, business reporter Walter
Hamilton writes in The Times' Mutual Fund Quarterly Report. As a multitude of do-it-
without anybody's assistance examiners gets progressively prepared and their portfolios
become greater, various people find they need bearing from a cash related coordinator.
Fortunately, hypothesis admonishment doesn't have to go through each and every
penny. You can swing to online-agent and shared store associations, cost just cash
related coordinators, and even from a creating yield of locales jumping up on the
Internet.
2. Tom Petruno(2011) Like various minimal money related authorities, Rodney
Punt was cautious about the securities trade for an incredible piece of the latest two
years. Nevertheless, the 64-year-old Santa Monica tenant starting late moved a more
noteworthy measure of his reserve funds into qualities while reducing what he held in
securities. "The U.S. is leaving alert mode," he said. "We have an economy that is
beginning to get. " As 2011 begins, a considerable number of individual examiners may
go up against a comparative key request concerning their portfolios: Is it a chance to
change the mix? The market crash of 2008 cast a long shadow, encouraging various
Americans to play it moderate with their money in 2009 and 2010.
3. Andrew Tangel(2014) It's been an awesome time for stocks, yet it's been by a
wide margin unrivaled for offers of little associations like Zale Corp. The little Texas
association's offers took off over 280% per year prior, instigated by theorists who
envision that lovebirds ought to logically spend gobs of money for gold rings and
valuable stone encrusted pendants at Zale's diamonds stores and shopping center stands
around the country. Money related authorities have loaded into Zale despite the
association's unreliable pay history - it posted four straight extended lengths of incidents
before returning to profit in 2013.

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4. JAMES S. GRANELLI(1987) Investors roused by Orange County associations
yet cautious about the every so often flighty stocks or their own one of a kind ability to
see incredible game plans after a short time should have the ability to get tied up with
another mutual fundsthat includes just of territory based associations. The Orange
County Growth Fund, which is reserved to be enlisted today with the Securities and
Exchange Commission, will involve offers of fundamental stock in different region
firms. Newport Securities Corp.
5. Tom Petruno(2010) Bond ruler Bill Gross of Newport Beach-based Pimco was
named Tuesday by Morningstar Inc. its security shared hold "executive of the decade."
The cash related research firm furthermore named Bruce Berkowitz, who heads the
Miami-based Fairholme Fund, private stock store head of the decade. David Herro,
leader of the Oakmark International and Oakmark International Small Cap resources in
Chicago, got endorsement as the decade's top head of outside stock resources. Karen
Dolan, head of store examination at Morningstar in Chicago, said the firm settled on its
choices subject to the chiefs' superior to anticipated returns over the latest 10 years,
while furthermore considering in the degree of the benefits they supervised and how
well they directed risk.
6. Mark P. CUSSEN(2018) The Basel, Switzerland-based Financial Stability
Board (FSB) starting late proposed another cash related weight test for Awerness
Mutual Funds for the G20 nations. The test would be planned to exhibit the possible
impact that could occur if a store were to experience liberal solicitations for
recuperation, for example, what may happen with security saves if financing costs were
to out of the blue rising. The FSB similarly proposed that sponsors establishment a
recovery cost that could adjust setbacks and recuperations if the store was constrained
to trade securities at a disheartened expense in order to satisfy financial specialist need.
7. Richard Best(2018) Passively supervised rundown resources and ETFs
complete an incredibly improved movement of organizing the execution of the market,
in light of the way that their portfolios reflect the market. Their portfolios are planned
to rehash a particular record. There is little need to settle on buying and selling
decisions, yet to keep up the most ideal weighting of a portfolio. This makes the
officials charges immaterial and more cost beneficial, and there are no trading or
research costs. Dynamic Awerness Mutual Funds can even now accept an occupation

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in retirement portfolios for theorists who need to mix additional risk or increment
introduction to a particular part, in order to create higher returns. In any case, something
fundamentally the same as can be practiced by using preference or region express ETF
or document support at a little measure of the cost.
8. Jeff Krohnfeldt(2018) When it comes to Awerness Mutual Funds that short
general qualities, ProFunds family has the market cornered with three backings that
offer twofold effect on esteem changes on a fundamental document. While the entirety
of what three have been hit hard by exciting qualities markets since 2012, the
advantages offer contrarian theorists powerful techniques to profit by a market reversal
or the opportunity to fence portfolios that have basically long esteem exposures.
9. Andrew Sebastain(2018) If a monetary authority needs to short gold by using
awerness Mutual Funds , he should purchase a mutual fundsthat is short gold excavator
stocks or short a record that tracks those stocks. The best decision to short gold by
methods for a typical save is through the ProFunds Short Precious Metals Inv
("SPPIX"). The ProFunds Short Precious Metals Inv hopes to create the turn around
return of the Dow Jones Precious Metals Index step by step before charges and
expenses. If the Dow Jones Precious Metals Index decays 1%, the store should
recognize 1%, and unfortunate propensity versa.The Dow Jones Precious Metals Index
tracks the execution of the important metals mining division, which contains
associations related with mining gold just as those drew in with mining diverse
significant metals, for instance, silver and platinum. The association with the best
weight in the record is Barrick Gold Corporation (NYSE: ABX), trailed by Newmont
Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG), independently.
An aggregate of 22 stocks are in the record, and it is, as it were, skewed toward gold,
with the gold section having close to a 90% burden in the fund.Turning back to the
ProFunds Short Precious Metals Inv, its base theory for individual examiners is
$17,000, while the base is $5,000 for cash related specialists. Moreover, the save's net
cost extent is 1.58%. Budgetary experts who have been short gold through the hold for
a widely inclusive time allotment have had alarming returns with the relative
extraordinary execution of gold mining stocks. Everything considered, the store was
down 63% year-to-date as of Aug. 17, 2018, and has lost 21% consistently everything

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considered over the span of the latest three years. The save is down 82% since its
introduction in 2006.
10. Claire Boyte-White(2018) Investing is a champion among the most pervasive
ways to deal with creat wealth. By taking on a particular dimension of risk, you can
give your present assets something to accomplish for you and produce short-or whole
deal pay, dependent upon your hypothesis goals. Clearly, the more peril you take on,
the higher the likelihood of both accomplishment and disillusionment. It is in this
manner that increasingly perilous securities, for instance, stocks, are generally
considered the go-to adventures for those planning to strike it rich.Since Awerness
Mutual Funds are regularly seen as increasingly secure, continuously stable hypotheses,
it may have all the earmarks of being strange that they can give plenteous opportunities
to mighty wealth creation. Frankly, a couple of sorts of Awerness Mutual Funds are
also as dangerous, or increasingly perilous, than individual stock endeavors and can
make gigantic returns. Exceptional yield stock and security resources, explicitly, can't
avoid being unequivocally proposed to make the most imperative possible advantages
by placing assets into the least secure assets.

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CHAPTER-III
COMPANY PROFILE

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COMPANY PROFILE
HDFC ASSET Management Company Limited(AMC)
HDFC Asset Management Company Ltd (AMC) was intertwined under the Companies
Act, 1956, on December 10, 1999, and was certified to go about as an Asset
Management Company for the HDFC Mutual Fund by SEBI vide its letter dated July
3, 2000.
CABIN DEVELOPMENT FINANCE CORPORATION LIMITED (HDFC)
.As a noteworthy part of HDFC's developmental exercises, the association has set up
foundations in various fields including Banking, Insurance; Life and General, Asset
Management, Credit Rating, Consumer Finance, IT-enabled organizations, Real Estate
and Education Finance.
Consistently, the HDFC bundle has ascended as a strong cash related mix in the Indian
capital markets with a proximity in banking, life and general insurance, asset the board
and subsidizing. HDFC's key accomplice and reinforcement associations join HDFC
Bank Limited, HDFC Standard Life Insurance Company Limited, HDFC Ergo General
Insurance Company Limited, HDFC Asset Management Company Limited, GRUH
Finance Limited, HDFC Venture Capital Limited and Credila Financial Services
Limited.
The enrolled office of the AMC is organized at Ramon House, third Floor, H.T. Parekh
Marg, 189, Backbay Reclamation, Churchgate, HDFC Ltd. was participated in 1977 as
the central specific home credit association in India. HDFC gives budgetary help to
individuals, corporates and builds for the purchase or improvement of private hotel. It
moreover gives property related organizations (for instance property unmistakable
confirmation, bargains organizations and valuation), getting ready and consultancy. Of
these activities, lodging store remains the dominating activity. HDFC has a client base
of around 13.25 lac borrowers, over 17.5 lac financial specialists, over 1.82 lac
speculators and in excess of 25,000 store pros, as at March 31, 2014.

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To the extent the Investment Management Agreement, the Trustee has assigned the
HDFC Asset Management Company Limited to manage the Mutual Fund. The paid up
capital of the AMC is Rs. 25.241 crore as on March 31, 2017.
HDFC's borrowings includes private term progresses from banks and protection
organizations, bonds and retail locations. HDFC has gotten the most raised rating for
its bonds and stores program for the Nineteenth year in movement Mumbai - 400 020.
To the extent the Investment Management Agreement, the Trustee has assigned the
HDFC Asset Management Company Limited to manage the Mutual Fund. The paid up
capital of the AMC is Rs. 25.241 crore as on September 30, 2014.
The present esteem shareholding case of the AMC is according to the accompanying :
Particulars % of the paid up value capital
Lodging Development Finance Corporation Limited 59.81
Standard Life Investments Limited 39.87
Different Shareholders (shares issued on exercise of Stock Options) 0.03
Zurich Insurance Company (ZIC), the Sponsor of Zurich India Mutual Fund, following
a survey of its general procedure, had chosen to strip its Asset Management business in
India. The AMC had gone into a concurrence with ZIC to procure the said business,
subject to essential administrative endorsements.
On acquiring the administrative endorsements, the accompanying Schemes of Zurich
India Mutual Fund have moved to HDFC Mutual Fund on June 19, 2003. These
Schemes have been renamed as pursues:

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Previous Name
New Name
Zurich India Prudence Fund HDFC Prudence Fund
Zurich India Capital Builder Fund HDFC Capital Builder Fund
Zurich India TaxSaver Fund HDFC TaxSaver
Zurich India Top 200 Fund HDFC Top 200 Fund
Zurich India High Interest Fund HDFC High Interest Fund
Zurich India Liquidity Fund HDFC Cash Management Fund
Zurich India Sovereign Gilt Fund HDFC Sovereign Gilt Fund*
*HDFC Sovereign Gilt Fund has been ended up in March 2006
The AMC is in like manner giving portfolio the administrators/cautioning organizations
and such activities are not in struggle with the activities of the Mutual Fund. The AMC
has reestablished its enrollment from SEBI vide Registration No. - PM/INP000000506
dated February 12, 2013 to go about as a Portfolio Manager under the SEBI (Portfolio
Managers) Regulations, 1993. The Certificate of Registration is real from January 1,
2013 to December 31, 2017.
HDFC Asset Management Company Limited (AMC)
HDFC Asset Management Company Ltd (AMC) was melded under the Companies Act,
1956, on December 10, 1999, and was embraced to go about as an Asset Management
Company for the HDFC Mutual Fund by SEBI vide its letter dated July 3, 2000.
The enlisted office of the AMC is masterminded at Ramon House, third Floor, H.T.
Parekh Marg, 189, Backbay Reclamation, Churchgate, Mumbai - 400 020
To the extent the Investment Management Agreement, the Trustee has designated the
HDFC Asset Management Company Limited to manage the Mutual Fund. The paid
up capital of the AMC is Rs. 25.189 crore.
The Board of Directors of the HDFC Asset Management Company Limited (AMC)
includes the going with unmistakable individuals.
MR. ANIL KUMAR HIRJEE
Head
MR. VINCENT JOSEPH O'BRIEN
Boss

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MR. SHISHIR K. DIWANJI
Boss
MR. RANJAN SANGHI
Boss
• Mr. Deepak S. Parekh
• Mr. N. Keith Skeoch
• Mr. Keki M. Mistry
• Mr. James Aird
• Mr. P. M. Thampi
• Mr. Humayun Dhanrajgir
• Dr. Deepak B. Phatak
• Mr. Hoshang S. Billimoria
• Mr. Rajeshwar Raj Bajaaj
• Mr. Vijay Merchant
• Ms. Renu S. Karnad
• Mr. Milind Barve

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MR. ANIL KUMAR HIRJEE
HDFC Trustee Company Limited
Mr. Anil Kumar Hirjee, the Chairman of the Board, is an independent Director. Mr.
Hirjee has 52 years of inclusion in different regions of Business Management and his
capacity extends to back, banking, legal, business, mechanical and general association.
Mr. Hirjee has been connected with The Bombay Burmah Trading Corporation Limited
since 1976 and is eventually its Vice Chairman. He is also a Director on the Boards of
various associations. He has furthermore been adequately associated with driving
Charitable Institutions.
Mr. Hirjee is a B.A. (Hons.), LL.B. (Hons.), Barrister-at-Law, and SLOAN Fellow of
the London Business School.
MR. VINCENT JOSEPH O'BRIEN
Official,
HDFC Trustee Company Limited
Mr. Vincent Joseph O'Brien has been assigned as an accomplice Director on the Board
of the Trustee Company. He joined Standard Life Investments Limited in 2003 and in
2010 he was named as the Global Head of Strategic Alliances with express commitment
in regards to the Company's exercises in India and Japan. Going before 2010 he was
the Company Secretary with additional commitments in regards to managerial
consistence and danger the officials. He reports to the Director of Global Client Group
of Standard Life Investments Limited. Before 2003 he worked for Standard Life Bank
as its Company Secretary with commitments in regards to consistence, peril the board
and legitimate.
HDFC Mutual Fund is one of the greatest Awerness Mutual Funds and settled save
house in the country with relentless store execution transversely over arrangements

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since its joining on December 10, 1999. While our past experience makes us a veteran,
anyway with respect to theories, we have never believed that the experience is adequate.
Our Investment Philosophy
Indisputably the most fundamental factor that drives HDFC Mutual Fund is its
conviction to enable the theorist to beneficially place assets into the cash related market,
without consistently worrying over the market swings. To comprehend this conviction,
HDFC Mutual Fund has set up the structure required to lead all the significant research
and back it up with convincing examination. Our strong highlight on directing and
controlling portfolio chance refrains from seeking after the latest "winning designs" and
examples.
We trust, that, by giving the money related expert whole deal benefits, we have to
dependably review the business areas for new examples, to perceive new improvement
fragments and offer this data with our examiners as thing commitments. We have
thought of various things across over asset and danger arrangements to enable monetary
pros to place assets into line with their endeavor goals and risk taking point of
confinement. Also, we similarly offer Portfolio Management Services.
SEBI has composed Awerness Mutual Funds/AMC vide SEBI Circular no.
CIR/IMD/DF/21/2012 dated September 13, 2012 to give an alternate course of action
to organize adventures, for instance theories not coordinated through a shipper, in
existing similarly as new plans. Thus HDFC Mutual Fund has moved separate plans
under existing open-completed designs for direct endeavors called "Direct Plan" with
effect from January 1, 2013.
The "Quick Plans" were impelled with effect from January 1, 2013.
Adventures under the Direct Plan are accessible to all classes of money related masters
who contribute without controlling the trade by methods for a distributer.

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All Plans/Options/Sub-Options offered at present under "Existing Plans" of the
Schemes are in like manner available for participation under the "Prompt Plan". Along
these lines, there will be 2 plans available for participation under the plans viz. Existing
Plan and Direct Plan.Benefits of Awerness Mutual Funds

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CHAPTER-IV
THOERITICAL FRAMEWORK

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There are different points of interest of placing assets into Awerness Mutual Funds and
one of the key purposes behind its exceptional achievement in the made markets like
US and UK is the extent of favorable circumstances they offer, which are unmatched
by most other hypothesis streets. We have cleared up the key focal points in this
fragment. The focal points have been broadly part into far reaching focal points,
material to all plans, and favorable circumstances important unequivocally to open-
completed plans.
Comprehensive preferences
Sensibility
A common save places assets into a course of action of advantages, for instance
securities, shares, etc depending on the endeavor objective of the arrangement. A
money related pro can buy in to a plan of qualities, which would somehow be all around
exorbitant. Each unit holder in this way gets a prologue to such portfolios with a
hypothesis as unassuming as Rs.500/ - . This entirety today would get you not as much
as quarter of an Infosys share! Thusly it would be sensible for a money related master
to develop a course of action of hypotheses through a typical save as opposed to placing
truly in the securities trade.
Upgrade
The nuclear weapon in your arms reserve for your fight against Risk. It essentia lly
suggests that you should spread your endeavor across over different securities (stocks,
securities, cash promote instruments, land, fixed stores, etc.) and particular parts (auto,
material, information advancement, etc.). This kind of a widening may add to the
steadfastness of your benefits, for example in the midst of one time period esteems may
neglect to meet desires anyway securities and money grandstand instruments may do
all around alright to adjust the effect of a hang in the esteem markets. In this manner
the information development division may entry insufficiently yet the auto and material
parts may advance honorably and may guarantee your essential endeavor similarly as
help you meet your landing objectives.

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Collection
Awerness Mutual Funds offer a tremendous combination of plans. This collection is
useful in two diverse ways: first, it offers particular sorts of designs to money related
pros with different needs and peril hungers; additionally, it offers an opportunity to an
examiner to contribute wholes over a variety of plans, both commitment and esteem.
For example, a money related authority can put his money in a Growth Fund (esteem
plan) and Income Fund (commitment plot) dependent upon his risk hankering and
thusly make a sensible portfolio viably or essentially just buy a Balanced Scheme.
Capable Management
Qualified endeavor specialists who hope to enhance returns and cutoff chance screen
theorist's money. When you buy in to a mutual hold, you are giving your money to an
endeavor capable who has contribution in settling on theory decisions. It is the Fund
Manager's business to (a) find the best securities for the store, given the save's
communicated hypothesis targets; and (b) screen adventures and changes in financial
circumstances and adjust the mix of the portfolio, as and when required.
Duty decreases
Any compensation passed on after March 31, 2002 will be at risk to force in the
evaluation of all Unit holders. In any case, as an extent of admission to Unit holders of
open-completed esteem arranged resources, pay disseminations for the year completing
March 31, 2003, will be loaded at a concessional rate of 10.5%.
On the off chance that there ought to be an event of Individuals and Hindu Undivided
Families an end upto Rs. 9,000 from the Total Income will be admissible in respect of
pay from endeavors decided in Section 80L, including pay from Units of the Mutual
Fund. Units of the plans are not open to Wealth-Tax and Gift-Tax.
Rules

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Securities Exchange Board of India ("SEBI"), the Awerness Mutual Funds controller
has obviously described rules, which direct awerness Mutual Funds . These precepts
relate to the improvement, association and the leading body of Awerness Mutual Funds
and besides prescribe disclosure and accounting requirements. Such an anomalous
condition of rule attempts to verify the eagerness of theorists
Focal points of Open-completed Schemes
Liquidity
In open-completed awerness Mutual Funds , you can recoup all or part of your units at
whatever point you wish. A couple of plans do have a lock-in period where a monetary
authority can't reestablish the units until the perfection of such a lock-in period.
Solace
A theorist can purchase or sell fund units clearly from a hold, through a trader or a
money related coordinator. The budgetary master may choose a Systematic Investment
Plan ("SIP") or a Systematic Withdrawal Advantage Plan ("SWAP"). Despite this a
monetary pro gets account announcements and course of action of the plans.
Flexibility
Awerness Mutual Funds offering diverse plans empower money related pros to switch
viably between various plans. This versatility gives the monetary authority an
accommodating technique to change the mix of his portfolio after some time.
Straightforwardness
Open-completed Awerness Mutual Funds reveal their Net Asset Value ("NAV") step
by step and the entire portfolio month to month. This component of
straightforwardness, where the theorist himself sees the central assets bought with his
money, is unmatched by some other cash related instrument. Subsequently the theorist
knows about everything of the idea of the portfolio and can contribute further or recover
dependent upon the kind of the portfolio that has been created by the endeavor
executive.
THOUGHT OF AWERNESS MUTUAL FUNDS

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Been jumping on in India. There are diverse purposes behind this. Awareness
Mutual Funds make it straightforward and less extreme for money related experts to
satisfy their prerequisite for capital improvement, pay just as pay security. Additionally,
despite this a mutual fundsbrings the benefits of improvement and money the officials
to the individual examiner, allowing to cash related accomplishment that was once open
just to a picked few.
A Mutual Fund is a trust that pools the hold assets of different examiners who share a
run of the mill money related goal. The money in this manner assembled is then placed
assets into capital market instruments, for instance, offers, debentures and diverse
securities. The compensation earned through these hypotheses and the capital thanks
recognized are shared by its unit holders in degree to the amount of units asserted by
them. In this way a Mutual Fund is the most fitting endeavor for the ordinary man as it
offers an opportunity to place assets into an extended, - expertly administered container
of securities at a for the most part ease. The stream diagram underneath depicts broadly
the working of a typical hold
Normal Fund Operation Flow Chart
Relationship of a Mutual
FAVORABLE CIRCUMSTANCES OF AWERNESS MUTUAL FUNDS
Placing assets into shared has distinctive points of interest which makes it an ideal
hypothesis street. Following are a part of the basic points of interest.
Capable hypothesis the administrators
One of the fundamental focal points of Awerness Mutual Funds is that a monetary
authority approaches capable organization. A conventional theory chief is most likely
worth the charges you will pay. Extraordinary shared save heads with a bewildering
investigation gathering can total an unrivaled control of checking the associations they
have placed assets into than you can, aside from on the off chance that you have space

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plan savvy to spend on inquisitive about the associations you select for your portfolio.
That is in light of the fact that Awerness Mutual Funds contract full-time, unusual state
adventure specialists. Resources can stand to do all things considered as they manage
generous pools of money. The executives have persistent access to crucial market
information and can execute trades on the greatest and most reasonable scale. When
you buy a typical store, the basic asset you are obtaining is the boss, will's personality
controlling which assets are picked to meet the advantages' communicated theory
targets.
Improvement
A basic part in contributing is asset portion. It has an amazingly tremendous effect in
the accomplishment of any portfolio. Nevertheless, minimal budgetary pros don't have
enough money to really assign their advantages. By pooling your advantages with
others, you can quickly benefit by progressively unmistakable expanding. Awerness
Mutual Funds place assets into a wide extent of securities. This purposes of
constrainment adventure chance by lessening the effect of a possible diminishing in the
estimation of any one security. Regular store unit-holders can benefit by improvement
strategies ordinarily open just to theorists well adequately off to buy tremendous
positions in a wide collection of securities.
Straightforwardness
A mutual store permits you participate in an extended portfolio for as pitiful as
Rs.5,000, and now and again less. In addition, with a no-stack support, you pay for all
intents and purposes no business charges to guarantee them.
Solace and Flexibility
Placing assets into Awerness Mutual Funds has its very own solace. While you have
just a single security instead of many, notwithstanding all that you value the benefits of
an upgraded portfolio and a wide extent of organizations. Store boss pick what
securities to trade, assemble the interest portions and see that your benefits on portfolio
securities are gotten and your rights worked out. It moreover uses the organizations of

29
an awesome manager and recorder. Another colossal ideal position is that you can move
your benefits viably beginning with one hold then onto the following inside a mutual
store family. This empowers you to viably rebalance your portfolio to respond to
colossal store the administrators or budgetary changes.
Liquidity
In open-completed plans, you can recoup your money in a split second at net asset
regard related expenses from the mutual save itself.
Straightforwardness
Rules for Awerness Mutual Funds have made the business incredibly clear. You can
pursue the theories that have been made for you purpose and the specific endeavors
made by the regular hold intend to see where your money is going. Additionally, you
get standard information on the estimation of your hypothesis.
Arrangement
There is no absence of arrangement when placing assets into awerness Mutual Funds .
You can find a common save that matches practically any contributing philosophy you
select. There are holds that consideration on blue-chip stocks, advancement stocks,
bonds or a mix of stocks and bonds. As well as can be expected be managing the
grouping and picking the best for you.
Sorts OF AWERNESS MUTUAL FUNDS
Understanding what's in the motor causes you become an unrivaled monetary expert
and set up together an undeniably viable portfolio. To do this one must know the
assorted sorts of benefits that consider examiner needs, whatever the age, cash related
position, peril opposition and return wants. The mutual save plans can be gathered by
both their endeavor objective (like compensation, improvement, charge saving)
similarly as the amount of units (in case these are endless, by then the store is an open-
completed one while if there are confined units, by then the hold is close-wrapped up).

30
This section gives depictions of the characteristics - , for instance, adventure objective
and potential for unusualness of your theory - of various classes of benefits. The kind
of securities procured by each hold organizes these portrayals: values, fixed-
compensation, cash publicize instruments, or a mix of these.
Open-Ended Schemes
Open-completed plans don't have a fixed improvement period. Monetary authorities
can buy or sell units at NAV-related expenses from and to the common hold on any
business day. These plans have unfathomable capitalization, open-completed plans
don't have a fixed improvement, there is no top on the entirety you can buy from the
store and the unit capital can keep creating. These benefits are not regularly recorded
on any exchange.
Open-completed plans are favored for their liquidity. Such resources can issue and
recuperate units at whatever point in the midst of the life of an arrangement. In this
way, unit capital of open-completed resources can waver reliably. The advantages of
open-completed resources over close-completed are according to the accompanying:
At whatever point leave elective. The issuing association really expect the risk of giving
a section and an exit. This gives arranged liquidity to the money related authorities and
keeps up a key separation from reliance on trade deeds, signature affirmations and
horrendous movements. At whatever point section decision, an open-completed save
empowers one to enter the store at whatever point and even to contribute at standard
between times.
Close-Ended Schemes
Close-completed plans have fixed advancement periods. Money related masters can
end up tied up with these advantages in the midst of the period when these benefits are
open in the fundamental issue. After that such plans can not issue new units beside if
there ought to be an event of remuneration or rights issue. In any case, after the hidden
issue, you can buy or sell units of the arrangement on the stock exchanges where they

31
are recorded. The market cost of the units could vacillate from the NAV of the
arrangement as a result of premium and supply factors, budgetary masters' wants and
other market factors
Gathering According To Investment Objectives
Awerness Mutual Funds can be furthermore gathered subject to their specific theory
objective, for instance, improvement of capital, prosperity of fundamental, current
compensation or appraisal avoided pay.
All around Awerness Mutual Funds fall into three general classes:
1] Equity Funds are those that placed assets into offers or estimation of associations.
2] Fixed-Income Funds place assets into government or corporate securities that offer
fixed rates of return are
3] While resources that place assets into a blend of the two stocks and securities are
called Balanced Funds.
Improvement Funds
Improvement holds basically look for advancement of capital with assistant
complement on benefit. Such resources place assets into offers with a potential for
advancement and capital appreciation. They place assets into dug in associations where
the association itself and the business in which it works are thought to have incredible
whole deal advancement potential, and therefore improvement holds give low current
pay. Advancement holds generally achieve higher perils than compensation resources
with a ultimate objective to confirm dynamically verbalized improvement.
Some improvement underpins center around somewhere around one industry territories
and moreover placed assets into a wide extent of ventures. Advancement saves are
sensible for money related authorities who can remain to acknowledge the threat of
potential hardship in estimation of their enthusiasm for the desire for achieving

32
significant and speedy increases. They are not sensible for theorists who must screen
their focal or who must lift current pay.
Advancement and Income Funds
Advancement and compensation underpins search for whole deal improvement of
capital similarly as present pay. The hypothesis systems used to accomplish these goals
contrast among resources. Some placed assets into a do
Kinds OF RISKS
All speculations include some type of hazard. Think about these basic kinds of hazard
and assess them against potential prizes when you select a speculation.
Market Risk
Now and again the costs or yields of the considerable number of securities in a specific
market rise or fall because of wide outside impacts. At the point when this occurs, the
stock costs of both an extraordinary, very beneficial organization and a youngster

33
company might be influenced. This adjustment in cost is because of "showcase chance".
Otherwise called precise hazard.
Swelling Risk
Here and there alluded to as "loss of acquiring power." Whenever swelling ascends
forward quicker than the income on your venture, you run the hazard that you'll really
have the capacity to purchase less, not more. Swelling hazard likewise happens when
costs rise quicker than your profits.
Credit Risk
To put it plainly, how stable is the organization or element to which you loan your cash
when you contribute? How certain would you say you are that it will probably pay the
premium you are guaranteed, or reimburse your main when the speculation develops?
Loan cost Risk
Changing loan costs influence the two values and bonds from numerous points of view.
Financial specialists are reminded that "anticipating" which way rates will go is
infrequently effective. An expanded portfolio can help in balancing these changes.
Trade chance
Various organizations create incomes in outside monetary forms and may have ventures
or costs likewise named in remote monetary forms. Changes in return rates may, hence,
have a positive or negative effect on organizations which thus would affect the venture
of the reserve.
Venture Risks
The sectoral support plans, ventures will be prevalently in values of select organizations
in the specific parts. In like manner, the NAV of the plans are connected to the value

34
execution of such organizations and might be more unpredictable than an increasingly
expanded arrangement of values.
Call Risks
Call hazard is related with bonds have and installed call choice in them. This alternative
gives the backer the privilege to get back to the bonds before development. At that point
financial specialist how ever is presented to certain dangers here. The cost of the
callable bond numerous not transcend the cost at which the backer may call the bond.
Changes in the Government Policy
Changes in Government strategy particularly with respect to the tax reductions may
affect the business prospects of the organizations prompting an effect on the
speculations made by the store. Impact of loss of key experts and failure to adjust
business to the fast mechanical change.
A ventures' key resource is regularly the work force who maintain the business for
example scholarly properties of the key workers of the separate organizations. Given
the consistently changing composition of couple of businesses and the high oldness
levels, accessibility of qualified, prepared and inspired staff is basic for the
accomplishment of enterprises in couple of areas. It is, along these lines, important to
pull in key work force and furthermore to hold them to meet the changing condition
and difficulties the division offers. Disappointment or powerlessness to draw in/hold
such qualified key work force may affect the possibilities of the organizations in the
specific sec
Kinds of mindfulness Mutual Funds
History of the Indian Mutual Fund Industry:

35
The mutual fundsindustry in India began in 1963 with the development of Unit Trust
of India, at the activity of the Government of India and Reserve Bank the. The historical
backdrop of Awerness Mutual Funds in India can be comprehensively partitioned into
four particular stages
First Phase – 1964-87(UTI MONOPOLY)
An Act of Parliament set up Unit Trust of India (UTI) on 1963. It was set up by the
Reserve Bank of India and worked under the Regulatory and managerial control of the
Reserve Bank of India. In 1978 UTI was de-connected from the RBI and the Industrial
Development Bank of India (IDBI) assumed control over the administrative and
regulatory control instead of RBI. The primary plan propelled by UTI was Unit Scheme
1964. Toward the finish of 1988 UTI had Rs.6, 700 crores of advantages under
administration.
Second Phase – 1987-1993 (Entry of Public Sector Funds)
1987 denoted the passage of non-UTI, open part Awerness Mutual Funds set up by
open segment banks and Life Insurance Corporation of India (LIC) and General
Insurance Corporation of India (GIC). SBI Mutual Fund was the first non-UTI Mutual
Fund set up in June 1987 pursued by Can bank Mutual Fund (Dec 87), Punjab National
Bank Mutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank of India (Jun
90), Bank of Baroda Mutual Fund (Oct 92). LIC built up its common reserve in June
1989 while GIC had set up its shared store in December 1990.
Toward the finish of 1993, the shared store industry had resources under administration
of Rs.47, 004 centers.
Third Phase – 1993-2003 (Entry of Private Sector Funds)
With the passage of private area assets in 1993, another period began in the Indian
mutual fundsindustry, giving the Indian financial specialists a more extensive decision
of reserve families. Likewise, 1993 was the year in which the main Mutual Fund
Regulations appeared, under which all awerness Mutual Funds , aside from UTI were

36
to be enrolled and represented. The past Kothari Pioneer (presently converged with
Franklin Templeton) was the primary private part shared store enrolled in July 1993.
The 1993 SEBI (Mutual Fund) Regulations were substituted by a progressively
exhaustive and overhauled Mutual Fund Regulations in 1996. The business currently
works under the SEBI (Mutual Fund) Regulations 1996.
The quantity of shared store houses continued expanding, with numerous outside I am
dearawerness Awerness Mutual Funds setting up assets in India and furthermore the
business has seen a few mergers and acquisitions. As toward the finish of January 2003,
there were 33 Awerness Mutual Funds with all out resources of Rs. 1, 21,805 crores.
Fourth Phase – since February 2003
In February 2003, after the cancelation of the Unit Trust of India Act 1963 UTI was
bifurcated into two separate substances. One is the Specified Undertaking of the Unit
Trust of India with resources under administration of Rs.29, 835 crores as toward the
finish of January 2003, speaking to extensively, the advantages of US 64 plot,
guaranteed return and certain different plans. The Specified Undertaking of Unit Trust
of India, working under a head and under the tenets encircled by Government of India
and does not go under the domain of the Mutual Fund Regulations.
The second is the UTI Mutual Fund Ltd, supported by SBI, PNB, BOB and LIC. It is
enrolled with SEBI and capacities under the Mutual Fund Regulations. With the
bifurcation of the past UTI which had in March 2000 more than Rs.76,000 crores of
advantages under administration and with the setting up of an UTI Mutual Fund,
complying with the SEBI Mutual Fund Regulations, and with late mergers occurring
among various private part reserves, the mutual fundsindustry has entered its present
period of union and development. As toward the finish of June 30, 2003, there were 31
reserves, which oversee resources of Rs.104762 crores under 376 plans.
The diagram demonstrates the development of benefits throughout the years.
Innate RISK FACTORS:

37
1) Market Risks:
By and large there are sure dangers related with the each sort of venture on offers. They
are called showcase dangers. These market dangers can be diminished, yet can't be
totally killed even by a decent venture.
2) Scheme Risks
There are sure dangers innate in the plan itself. Everything relies on the idea of the plan.
For example, in an unadulterated development plot, dangers are more noteworthy.
3) Investment Risks
Regardless of whether the common reserve makes cash in offers or loses relies on the
venture skill of the Asset Management Company. In the event that the speculation
guidance turns out badly, the reserve needs to endure a ton.
4) Business Risks
The corpus of a common reserve may have been put resources into an organization's
offers. In the event that the matter of that organization endures any set back, it can't
announce any profit. It might even go to the degree of wrapping up its business.
5) Political Risks
Progressive Governments carry with them extravagant new monetary belief systems
and approaches. It is frequently said that numerous monetary choices are politically
persuaded.

38
The following parameters were considered for analysis:
 Beta
 Alpha
 Correlation coefficient
 Treynor’s Ratio
 Sharpe’s Ratio
 Jensen’s Ratio
Beta
Beta is a proportion of instability, or precise hazard, of a security or
portfolio in contrast with the market all in all. Beta estimates a stock's
flimsiness, how much a stock expense changes in association with the
general market. Adventure specialists use the Greek letter beta, ß. It is
resolved using backslide examination. A beta of 1 demonstrates that the
security's cost will move with the market. A beta more important than 1
demonstrates that the security's cost will be more precarious than the
market, and a beta under 1 suggests that it will be less eccentric than the
market.

39
While standard deviation chooses the shakiness of a save as demonstrated
by the dissimilarity of its benefits over some stretch of time, beta, another
significant real measure, chooses the unconventionality, or danger, of a
store conversely with that of its document.
Examiners envisioning that the market ought to be bullish may pick saves
showing high betas, which increase monetary experts' chances of beating
the market. If a budgetary expert foresees that the market ought to be
bearish soon, the advantages that have betas under 1 are a respectable
choice since they would be depended upon to rot less in a motivating force
than the record. For example, if a store had a beta of 0.5 and the S&P 500
declined 6%, the hold would be depended uponto rot just 3%. Think about
the way that beta without any other person is confined and can be skewed
due to factors of other than the market chance impacting the hold's
eccentrics.
Here is a basic manual for various betas:
• Negative beta - A beta under 0 is possible yet incredibly outlandish.
People used to feel that gold and gold stocks should have adverse betas
since they would as a rule improve when the monetary trade declined,
anyway this hasn't been veritable all things considered.
• Beta = 0 - Basically this is cash (tolerating no swelling).
• Beta some place in the scope of 0 and 1 - Low-unconventionality
hypotheses, for instance, utilities, are generally in this range

40
• Beta = 1 - This is proportionate to a record, for instance, the S&P
500 or some other rundown fund.
• Beta more unmistakable than 1 - This demonstrates much else
unusual than the wide based rundown, like a division account.
• Beta more important than 100 - This is unfathomable in light of the
fact that the stockwould be depended upon go to zero on any reduction in
the securities trade. The beta never gets higher than a couple.
The beta motivating force for a record itself is taken as one. Esteem
resources can have beta characteristics, which can be more than one, shy
of what one or equal to one. By copying the beta estimation ofa store with
the ordinary rate advancement of a record, the typical improvement in the
hold can be settled. Thusly if a store has a beta of 1.2 and the market is
required to move by 10%, the save should move by 12 percent Similarly if
the market loses 10%, the save should lose 12 percent.
This exhibits a hold with a beta of more than one will rise more than the
market and moreover fall more than market. Indisputably, in case you'd
like to beat the market onthe upside, it is perfectto place assets into a high-
beta save. Regardless, you ought to recall that such a store will moreover
fall more than the market in travel down. Thusly, over an entire cycle,
returns may not be significantly higher than the market.
Correspondingly, a low-beta save will rise not actually the market in travel
up and lose less in travel down. Exactly when security of theory is
fundamental, a storewith a beta ofshy ofwhat one is an unrivaled decision.

41
Such a store may not increment impressively more than the market on the
upside; it will verify returns better when promote falls.
Alpha
An extent of danger, used for Awerness Mutual Funds as for their
association and the market. A positive alpha is the extra landing allowed to
the money related expert for putting it all out there, as opposed to enduring
the market return
The formula for alpha is:
Alpha = [ (entire of y) - ((b)(sum of x)) ]/n
n =number of discernments (36 mos.)
b = beta of the store
x = rate of return for the market
y = rate of return for the store
Alpha gauges how much if any of this extra risk helped the store
outmaneuver its relating benchmark. Using beta, alpha's count takes a
gander at the hold's execution to that of the benchmark's risk adjusted
returns and develops if the store's benefits defeated the market's, given a
comparable proportion of danger.

42
For example, if a store has an alpha of 1, it suggests that the save beat the
benchmark by 1%. Negative alphas are terrible in that they demonstrate
that the hold neglected to meet desires for the proportion of extra, account
unequivocal risk that the store's money related masters grasped.
Standard Deviation
Standard deviation is likely used more than some other measure to depict
the threat of a security (or game plan of securities). In case you read an
insightful examination on endeavor execution, chances are that standard
deviation will be used to check possibility. It's not just a cash related
device, nonetheless. Standard deviation is a champion among the most
typically used genuine instruments in the sciences and humanistic systems.
It gives an accurate extent of the proportion of assortment in any social
event of numbers- - the benefits of a typical store.
Extent of the dissipating of a ton of data from its mean. The more spread
isolated the data is, the higher the deviation. Standard deviation is
associated with the yearly rate of return of a theory to measure the
endeavor's unconventionality (peril).
A flimsy stock would have a raised desire deviation. In awerness Mutual
Funds , the standard deviation uncovers to us how much the landing on the
hold is going wrong from the typical conventional returns. Standard
deviation is a truthful extent of the extent of a store's demonstration.
Exactly when a store has a raised desire deviation, its extent of execution
has been wide, appearing there is an increasingly important potential for
flimsiness.

43
Indeed talking, standard deviation gives an assessmentof the change ofthe
benefits of the security, not its peril. Everything considered, a store with a
raised prerequisite deviation of benefits isn't generally "less secure" than
one with a low-standard deviation of benefits.
Association
Association is a useful instrument for choosing whether associations exist
between securities. A
association coefficient is the delayed consequenceofa logical examination
of how immovably related two components are.
The association between two elements is said to be significantly related if
an advancement in one variable results or occurs meanwhile as a similar
improvement in another variable. A profitable segment of relationship
examination is the likelihood to foresee the improvement in one security
when another security moves. At times, there are securities that lead
distinctive securities. So to speak an alteration in expense in one results in
a later change in expense of the other. A high negative relationship infers
that when a securities esteem changes, the other security or marker or by
and large money related vehicle, will routinely move the other way.
Relationship examination is an extent of how much a modification in the
free factor will result in a change in the dependent variable. A low
association coefficient (e.g., ±0.1) suggests that the association between
the two variables is weak or non-existent. A high relationship coefficient
(e.g., ±0.80) demonstrates that the dependent variable will no uncertainty
change when the Independent variable changes. Relationship can similarly

44
be used for an examination between a pointer and a stockor record to help
choose the farsighted limits of changes in the marker. Relationship isn't
static. In a manner of speaking, the connection between's two things in the
business segments changes after some time along these lines a mindful
understanding that what has happened in the pastmay notforesee what will
happen later on should be a bit of any reason in trading cash related
instruments in the market.
PORTFOLIO MEASUREMENT METHODS:
We are enthused about finding if the organization of a common save is
performing honorably; that is, has the administrators improved through its
particular acquiring and selling of securities than would have been
cultivated through just "buying the market" – picking incalculable self-
assertively and holding them all through the period?
The most celebrated techniques for evaluating the board's execution are
1. Sharpe's Performance Measure
2. Treynor's Performance Measure
3. Jensen's Performance Measure
SHARPE'S RATIO
Sharpes is the once-over extent of portfolio execution which authentically
changes execution for danger. It measures the peril premiums of the
portfolio regarding the total entirety of danger in the portfolio.

45
The Sharpes record is given by:
Sharpe's Index = (Average benefit for portfolio – Risk less rate of interest)
(Deviation of benefits on portfolio)
Graphifically the rundown gauges the inclination of the line radiating from
the danger less rate outward to the portfolio being alluded to. Along these
lines, the Sharpe Index plots the peril and return ofa portfolio in a singular
measure that organizes the execution of the storeon a risk adjusted reason.
The greater the estimation of Sharpe Index the better the portfolio has
performed.
TREYNOR'S RATIO
Treynor's extent appraises the peril premium ofthe portfolio, where chance
premium reciprocals the refinement between the landing of the portfolio
and the risk less rate. The risk premium is related to the proportion of
conscious peril acknowledged in the portfolio. Graphically; the rundown
assesses theinclination of the line transmitting outward from peril less rate
to the portfolio under idea.

46
CHAPTER-V
DATA ANALYSES AND
INTERPRETATION

47
For analysis Net Asset Value (NAV) of the Four HDFC
MUTUAL FUNDS
for the period of 1st
February 2017 to 22nd
January 2018
Date
Market
level(Nifty)
HDFC
Income fund
Growth
HDFC
Growth fund
Growth
HDFC
Liquid fund
Growth
HDFC Gold
fund
Growth
22/01/2018 8185.799805 37.5656 140.393 3148.1899 9.4118
21/01/2018 8103.600098 37.4668 138.978 3147.5801 9.3736
20/01/2018 8034.850098 37.3324 138.212 3147.02 9.358
19/01/2018 8032.850098 37.3367 138.209 3146.46 9.325
18/01/2018 7908.25 37.4447 135.995 3145.9199 9.3486
17/01/2018 7985.75 37.5761 138.301 3144.1799 9.2801
14/01/2018 7979.100098 37.7393 138.24 3143.6799 9.251
13/01/2018 8061.299805 37.8542 140.071 3143.1799 9.2911
12/1/2018 8082.399902 37.8293 140.139 3142.6001 9.322
11/1/2018 8104.350098 37.7901 140.97 3142.0801 9.2948
8/1/2018 8139.450195 37.8319 141.49 3140.3701 9.2836
7/1/2018 8173.600098 37.8604 141.781 3139.9199 9.3351
6/1/2018 8182.450195 38.2007 141.92 3139.3701 9.4204
5/1/2018 8221.799805 38.2279 142.754 3138.78 9.4095
4/1/2018 8170.799805 38.2763 141.976 3138.22 9.4183
1/1/2018 8261.75 38.3655 143.341 3136.5901 9.4447
31/12/2017 8246.849609 38.5124 142.726 3136.01 9.4767
30/12/2017 8102.049805 38.9574 140.561 3135.47 9.5097
29/12/2017 8143.149902 38.9569 141.328 3135.3899 9.5428
28/12/2017 8128.75 38.9208 140.996 3134.8601 9.552
23/12/2017 8086.799805 39.018 140.313 3133.03 9.5836
22/12/2017 8192.900391 38.9531 142.182 3132.6899 9.6919
21/12/2017 8224.5 38.7318 142.749 3132.1899 9.6958
18/12/2017 8142.149902 38.7788 141.222 3131.6101 9.7026
17/12/2017 8126.899902 39.0134 140.839 3131.0601 9.7186

48
18/12/2017 8114.299805 39.0793 140.283 3129.54 9.6818
17/12/2017 7965.5 38.7793 138.347 3129.0801 9.7326
14/12/2017 8033.299805 38.5063 139.06 3128.23 9.861
11/12/2017 8002.299805 38.4592 138.201 3127.6101 9.8343
10/12/2017 7929.100098 38.1186 137.098 3127.01 9.8317
9/12/2017 8074.100098 38.114 140.402 3125.29 9.8308
8/12/2017 8079.950195 38.1402 140.764 3124.7 9.9338
7/12/2017 8111.600098 37.8848 141.096 3124.1299 9.9762
4/12/2017 8108.450195 37.4237 141.65 3123.53 10.0453
3/12/2017 8296.299805 37.5105 144.624 3122.9099 10.127
2/12/2017 8525.75 37.4234 148.517 3121.1899 10.2497
1/12/2017 8432 37.1865 145.18 3120.6101 10.3882
22/11/2017 8543.549805 37.1271 147.101 3120.04 10.2633
21/11/2017 8497.049805 37.0851 146.472 3119.48 10.3217
20/11/2017 8433.75 37.1848 144.834 3118.9099 10.3422
19/11/2017 8484.950195 37.1778 145.991 3117.2 10.2918
18/11/2017 8514 37.1706 147.218 3118.6299 10.2863
17/11/2017 8626.25 37.1879 149.586 3118.0601 10.2119
14/11/2017 8638 37.2049 149.519 3117.49 10.2604
13/11/2017 8617.25 37.2289 149.084 3114.9099 10.1792
12/11/2017 8617.25 37.218 149.279 3113.21 10.1454
11/11/2017 8691.299805 37.2574 171.148 3112.6399 10.1057
8/11/2017 8708.950195 37.2238 171.183 3112.0701 10.1403
7/11/2017 8693.049805 37.1987 170.713 3111.51 10.2039
6/11/2017 8699.400391 37.2221 170.64 3110.9399 10.209
5/11/2017 8659.099609 37.222 149.557 3109.24 10.1922
4/11/2017 8677.900391 37.1754 148.881 3108.6899 10.1887
1/11/2017 8520.400391 37.1844 146.226 3108.1299 10.1897
31/10/2017 8583.400391 37.2612 146.742 3107.5601 10.2491
30/10/2017 8573.349609 37.306 146.094 3107 10.3113
29/10/2017 8708.799805 37.2553 148.563 3105.3 10.3185
28/10/2017 8697.599609 37.3097 148.242 3104.75 10.2596

49
23/10/2017 8709.549805 37.3804 148.038 3104.1799 10.3239
22/10/2017 8743.950195 37.2301 148.768 3103.0601 10.3417
21/10/2017 8769.170391 37.1983 148.599 3101.3401 10.5434
18/10/2017 8738.099609 37.0633 147.83 3100.77 10.58
17/10/2017 8611.170391 36.9998 145.551 3100.1899 10.5901
18/10/2017 8591.25 37.1823 144.257 3099.6001 10.5256
17/10/2017 8745.170391 37.1777 147.559 3099.03 10.4866
14/10/2017 8706.400391 37.106 146.536 3097.1201 10.5506
11/10/2017 8723.049805 36.9629 147.177 3096.3899 10.5689
10/10/2017 8831.549805 36.8877 148.689 3095.8201 10.5761
9/10/2017 8867.450195 36.7245 149.371 3095.25 10.5861
8/10/2017 8777.170391 36.6797 147.525 3094.6799 10.5252
7/10/2017 8775.900391 36.7174 147.574 3092.99 10.5255
4/10/2017 8808.400391 36.7066 147.993 3092.4199 10.5143
3/10/2017 8779.849609 36.7001 147.579 3091.8501 10.4491
2/10/2017 8742.549805 36.6831 146.608 3091.3 10.4966
1/10/2017 8726.599609 36.7096 146.506 3090.74 10.5105
22/09/2017 8717.599609 36.7899 145.901 3089.05 10.5049
21/09/2017 8866.700195 36.7838 149.018 3088.47 10.5037
20/09/2017 8952.5 36.7856 170.293 3087.9099 10.5537
19/09/2017 8917.950195 36.6402 149.468 3087.3301 10.5801
18/09/2017 8943 36.5813 149.471 3086.78 10.4588
17/09/2017 8809.650391 36.6011 147.219 3085.0901 10.3789
14/09/2017 8774.650391 36.607 146.363 3084.51 10.3668
13/09/2017 8786.200195 36.5797 147.221 3083.95 10.4213
12/9/2017 8744.349609 36.5041 146.714 3083.3799 10.471
11/9/2017 8607.450195 36.4745 144.813 3082.8201 10.4711
8/9/2017 8572.549805 36.4564 144.176 3081.1101 10.5133
7/9/2017 8592.200195 36.4271 144.783 3080.52 10.4954
6/9/2017 8650.299805 36.3572 145.904 3079.96 10.5805
5/9/2017 8632.599609 36.3553 145.375 3079.3799 10.5713
4/9/2017 8629.170391 36.4609 145.445 3078.8 10.5597

50
1/9/2017 8666.900391 36.4317 146.133 3077.0901 10.6179
31/8/2017 8673.25 36.5469 145.367 3076.51 10.6276
30/8/2017 8624.049805 36.5557 144.289 3075.9399 10.6081
29/8/2017 8642.549805 36.5414 144.342 3075.3601 10.617
28/8/2017 8592.170391 36.4418 144.029 3074.78 10.548
23/8/2017 8575.299805 36.2937 142.612 3073.0601 10.572
22/8/2017 8678.25 36.0862 142.778 3072.47 10.5785
21/8/2017 8711.349609 36.088 144.325 3071.8899 10.4335
18/8/2017 8683.170391 36.0212 144.594 3071.26 10.3855
17/8/2017 8551.099609 35.9823 143.587 3070.74 10.5625
18/8/2017 8544.849609 36.0591 141.369 3068.99 10.5084
17/8/2017 8622.900391 36.1453 140.975 3068.4099 10.5664
14/8/2017 8636.549805 35.9795 142.435 3067.8201 10.5402
11/8/2017 8638.5 35.9138 142.798 3067.24 10.5218
10/8/2017 8666.299805 35.651 143.605 3066.6499 10.4045
9/8/2017 8617.799805 35.622 144.054 3064.8601 10.5106
8/8/2017 8590.650391 35.5887 143.45 3064.29 10.3703
7/8/2017 8635.650391 35.5299 143.305 3063.71 10.3677
4/8/2017 8541.200195 35.478 144.079 3063.1299 10.3549
3/8/2017 8510.099609 35.4269 142.514 3062.54 10.3326
2/8/2017 8565.849609 35.3434 141.604 3060.77 10.3392
1/8/2017 8528.549805 35.2682 142.851 3060.1799 10.3532
22/7/2017 8508.700195 35.2834 141.968 3059.5801 10.3927
21/7/2017 8541.400391 35.2363 141.518 3059 10.3551
20/7/2017 8565 35.2367 142.054 3058.3999 10.406
19/7/2017 8519.5 35.1354 142.39 3056.6799 10.5531
18/7/2017 8521.049805 35.0014 141.396 3056.0901 10.5496
17/7/2017 8467.900391 34.9891 141.818 3055.5 10.5297
14/7/2017 8323.200195 34.9501 140.886 3054.8999 10.5034
13/7/2017 8337.900391 34.8972 138.427 3054.3101 10.5472
12/7/2017 8335.950195 34.8326 138.743 3052.52 10.5453
11/7/2017 8370.700195 34.8296 138.777 3051.9199 10.4384

51
8/7/2017 8328.349609 34.7726 139.365 3051.28 10.4926
7/7/2017 8287.75 34.7579 137.821 3050.6699 10.3826
6/7/2017 8204 34.6789 136.887 3050.0701 10.3054
5/7/2017 8127.850098 34.612 135.477 3048.29 10.3176
4/7/2017 8094.700195 34.4984 133.801 3047.6599 10.3447
1/7/2017 8088.600098 34.4594 133.253 3047.02 10.3475
31/6/2017 8270.450195 34.4343 132.391 3045.8 10.2665
30/6/2017 8203.700195 34.4003 135.662 3044.01 10.0544
29/6/2017 8219.900391 34.3746 134.865 3043.3 9.9895
28/6/2017 8238.5 34.3682 135.205 3042.53 10.0651
23/6/2017 8170.200195 34.3613 135.507 3041.9099 10.1063
22/6/2017 8140.75 34.3472 134.679 3041.29 10.0612
21/6/2017 8206.599609 34.3395 134.37 3039.3899 10.2123
18/6/2017 8108.850098 34.3197 135.177 3038.8101 10.0701
17/6/2017 8110.600098 34.3462 133.299 3038.1899 10.0856
18/6/2017 8170.049805 34.3439 132.746 3037.5901 10.0587
17/6/2017 8203.599609 34.3392 134.132 3036.98 10.0054
14/6/2017 8273.049805 34.3371 134.399 3035.1499 9.872
11/6/2017 8266.450195 34.3413 135.196 3034.5601 9.9038
10/6/2017 8201.049805 34.3126 134.841 3033.95 9.792
9/6/2017 8220.799805 34.306 133.39 3033.3201 9.8311
8/6/2017 8218.950195 34.2768 133.31 3032.6799 9.683
7/6/2017 8179.950195 34.3096 133.179 3030.79 9.7043
4/6/2017 8180.100098 34.3178 132.274 3030.1799 9.7371
3/6/2017 8178.5 34.2712 132.578 3029.55 9.7068
2/6/2017 8176.649902 34.2729 131.977 3028.9299 9.7071
1/6/2017 8069.649902 34.2726 131.179 3028.28 9.7618
22/5/2017 7934.899902 34.2657 129.596 3026.3799 9.8112
21/5/2017 7748.850098 34.2601 127.104 3025.76 9.798
20/5/2017 7731.049805 34.2357 124.412 3025.1499 10.01
19/5/2017 7749.700195 34.2466 124.796 3024.54 10.0482
18/5/2017 7783.399902 34.2412 125.323 3023.8701 10.0762

52
17/5/2017 7870.149902 34.2584 126.293 3022.01 10.0283
14/5/2017 7890.75 34.2574 128.097 3021.3899 10.1067
13/5/2017 7860.75 34.2501 127.869 3020.78 10.1099
12/5/2017 7814.899902 34.2732 127.686 3020.1399 10.2034
11/5/2017 7900.399902 34.2527 128.101 3019.52 10.1345
8/5/2017 7848.850098 34.2503 128.472 3017.6001 10.0694
7/5/2017 7887.799805 34.2331 127.369 3018.96 10.0735
6/5/2017 7866.049805 34.2045 128.178 3018.3101 10.0928
5/5/2017 7733.450195 34.1963 127.827 3017.6499 10.0925
4/5/2017 7735.5 34.2172 125.96 3017.01 10.131
1/5/2017 7706.549805 34.1726 126.174 3013.1001 10.0986
31/4/2017 7747 34.1934 125.862 3012.46 10.1836
30/4/2017 7805.899902 34.172 127.174 3011.8201 10.2066
29/4/2017 7849.799805 34.1754 127.764 3011.1799 10.2723
28/4/2017 7847.25 34.1396 128.379 3010.52 10.1311
23/4/2017 7979.899902 34.133 128.369 3008.6299 9.969
22/4/2017 7962.649902 34.1806 130.247 3008 9.8709
21/4/2017 7855.049805 34.1937 130.648 3007.3601 9.8268
18/4/2017 7899.299805 34.1761 128.994 3006.72 9.8898
17/4/2017 7912.049805 34.2121 129.908 3006.0701 9.9879
18/4/2017 7914.75 34.2144 129.618 3004.1299 9.9651
17/4/2017 7914.700195 34.188 129.03 3003.49 9.8977
14/4/2017 7850.450195 34.2322 128.593 3002.8301 9.825
11/4/2017 7708.950195 34.1852 127.692 3002.1899 9.7784
10/4/2017 7671.399902 34.0975 125.6 3001.5601 9.8427
9/4/2017 7555.200195 33.9504 124.688 2999.6399 9.7181
8/4/2017 7546.450195 33.9298 123.059 2998.98 9.7117
7/4/2017 7614.350098 33.8956 122.62 2998.3701 9.7067
4/4/2017 7603.200195 33.7984 123.585 2997.73 9.6332
3/4/2017 7758.799805 33.7026 123.176 2997.0901 9.6362
2/4/2017 7713.049805 33.6935 125.862 2993.8 9.5288
1/4/2017 7738.399902 33.7483 125.443 2993.1799 9.6425

53
22/03/2017 7735.200195 33.673 125.246 2992.52 9.5101
21/03/2017 7597 33.6799 125.294 2989.8601 9.5441
20/03/2017 7617.100098 33.7121 122.521 2989.2 9.5056
19/03/2017 7718.5 33.4433 122.351 2988.55 9.4711
18/03/2017 7714.899902 33.3808 124.837 2987.8 9.6066
17/03/2017 7704.25 33.2051 124.66 2984.55 9.7435
14/03/2017 7604.350098 33.1177 124.097 2982.02 9.7772
13/03/2017 7512.549805 33.0257 121.942 2981.1001 9.7318
12/3/2017 7498.75 32.9309 120.424 2980.3999 9.8384
11/3/2017 7460.600098 32.9331 119.852 2977.1499 9.731
8/3/2017 7538.75 32.9185 118.975 2976.73 9.862
7/3/2017 7510.200195 32.9214 119.843 2976.05 9.9396
6/3/2017 7486.149902 32.8748 118.968 2974.05 9.9263
5/3/2017 7531.799805 32.7882 118.806 2973.3401 9.8125
4/3/2017 7485.299805 32.8032 119.549 2972.6899 9.9588
1/3/2017 7485.350098 32.7958 118.907 2972.02 9.9869
31/2/2017 7475.600098 32.7623 119.089 2971.3201 9.9029
30/2/2017 7368.850098 32.351 118.238 2969.28 9.7391
29/2/2017 7222.299805 32.2481 118.517 2968.6299 9.7124
28/2/2017 6987.049805 32.3557 113.718 2968.02 9.8407
23/2/2017 7029.75 32.3972 110.228 2967.4099 9.795
22/2/2017 6970.600098 32.5243 110.845 2966.8 9.7835
21/2/2017 7018.700195 32.5734 109.898 2964.8899 9.8552
18/2/2017 7109.549805 32.5528 111.501 2964.26 9.7189
17/2/2017 7234.549805 32.5957 112.452 2963.6201 9.7489
18/2/2017 7210.75 32.6386 114.197 2962.96 9.6271
17/2/2017 7191.75 32.6686 114.022 2962.3101 9.7042
14/2/2017 7108.450195 32.6792 113.9 2960.4299 9.6075
11/2/2017 7048.25 32.676 113.178 2959.8501 9.6119
10/2/2017 7182.950195 32.6819 112.013 2959.28 9.6022
9/2/2017 6980.950195 32.705 114.381 2958.7 9.5788
8/2/2017 6976.350098 32.7017 109.93 2958.0901 9.8044

54
7/2/2017 7217.700195 32.6617 110.407 2955.6101 9.664
4/2/2017 7298.200195 32.6291 114.639 2955 9.4873
3/2/2017 7387.25 32.6688 118.018 2954.3899 9.5206
2/2/2017 7489.100098 32.774 117.682 2953.78 9.4218
1/2/2017 7404 32.7751 118.605 2951.9099 9.3149
AVERAGE 8145.869603 35.49404234 135.6465991 3056.662204 10.04406441
Calculations of Risk of HDFC Income Fund Balanced -
Growth
For the period of 1st
February 2017 to 22nd January 2018
Date
Market
level(Nifty) Returns
HDFC Income
fund Growth Returns
22/01/2018 8185.799805 0.010144 37.5656 0.002637001
21/01/2018 8103.600098 0.008556 37.4668 0.00360009
20/01/2018 8034.850098 0.000249 37.3324 -0.000117188
19/01/2018 8032.850098 0.017756 37.3367 -0.002884253
18/01/2018 7908.25 -0.0097 37.4447 -0.003496904
17/01/2018 7985.75 0.000833 37.5761 -0.004324405
14/01/2018 7979.100098 -0.0102 37.7393 -0.00303533
13/01/2018 8061.299805 -0.00261 37.8542 0.00065822
12/1/2018 8082.399902 -0.00271 37.8293 0.001037309
11/1/2018 8104.350098 -0.00431 37.7901 -0.001104888
8/1/2018 8139.450195 -0.00174 37.8319 -0.000752765
7/1/2018 8173.600098 -0.00353 37.8604 -0.008908214
6/1/2018 8182.450195 -0.00479 38.2007 -0.000711722
5/1/2018 8221.799805 0.006242 38.2279 -0.00126449
4/1/2018 8170.799805 -0.01101 38.2763 -0.002325006
1/1/2018 8261.75 0.001807 38.3655 -0.003814356
31/12/2017 8246.849609 0.017872 38.5124 -0.011422734
30/12/2017 8102.049805 -0.00505 38.9574 1.28347E-05

55
29/12/2017 8143.149902 0.001771 38.9569 0.000927525
28/12/2017 8128.75 0.005187 38.9208 -0.002440025
23/12/2017 8086.799805 -0.01295 39.018 0.001814762
22/12/2017 8192.900391 -0.00384 38.9531 0.005718845
21/12/2017 8224.5 0.010114 38.7318 -0.00121718
18/12/2017 8142.149902 0.001876 38.7788 -0.006013319
17/12/2017 8126.899902 0.001753 39.0134 -0.001886317
18/12/2017 8114.299805 0.018681 39.0793 0.007736086
17/12/2017 7965.5 -0.00844 38.7793 0.007089749
14/12/2017 8033.299805 0.003874 38.5063 0.001224674
11/12/2017 8002.299805 0.009232 38.4592 0.00898821
10/12/2017 7929.100098 -0.01796 38.1186 6.82184E-05
9/12/2017 8074.100098 -0.00072 38.114 -0.000686939
8/12/2017 8079.950195 -0.0039 38.1402 0.00674149
7/12/2017 8111.600098 0.000388 37.8848 0.012321069
4/12/2017 8108.450195 -0.02264 37.4237 -0.002314019
3/12/2017 8296.299805 -0.02691 37.5105 0.002327421
2/12/2017 8525.75 0.011118 37.4234 0.006912139
1/12/2017 8432 -0.01306 37.1865 0.001061219
22/11/2017 8543.549805 0.005472 37.1271 0.00113253
21/11/2017 8497.049805 0.007506 37.0851 -0.002144502
20/11/2017 8433.75 -0.00603 37.1848 0.000188386
19/11/2017 8484.950195 -0.00341 37.1778 -0.000344358
18/11/2017 8514 -0.01301 37.1706 -0.000465205
17/11/2017 8626.25 -0.00136 37.1879 -0.000456929
14/11/2017 8638 0.002641 37.2049 -0.00064466
13/11/2017 8617.25 0 37.2289 0.000292869
12/11/2017 8617.25 -0.00875 37.218 -0.001057508
11/11/2017 8691.299805 -0.00203 37.2574 0.000902648
8/11/2017 8708.950195 0.001829 37.2238 0.000674755
7/11/2017 8693.049805 -0.00073 37.1987 -0.000628659
6/11/2017 8699.400391 0.004654 37.2221 2.68658E-06

56
5/11/2017 8659.099609 -0.00217 37.222 0.001253517
4/11/2017 8677.900391 0.018485 37.1754 0.000295982
1/11/2017 8520.400391 -0.00734 37.1844 -0.002597877
31/10/2017 8583.400391 0.001172 37.2612 -0.001200879
30/10/2017 8573.349609 -0.01755 37.306 0.00136088
29/10/2017 8708.799805 0.001288 37.2553 -0.001458066
28/10/2017 8697.599609 -0.00137 37.3097 -0.001891366
23/10/2017 8709.549805 -0.00393 37.3804 0.004037056
22/10/2017 8743.950195 -0.00287 37.2301 0.000854878
21/10/2017 8769.170391 0.003553 37.1983 0.003642417
18/10/2017 8738.099609 0.014742 37.0633 0.001718225
17/10/2017 8611.170391 0.002318 36.9998 -0.004908249
18/10/2017 8591.25 -0.0176 37.1823 0.000662043
17/10/2017 8745.170391 0.004451 37.1777 0.001393306
14/10/2017 8706.400391 -0.00191 37.106 0.003871449
11/10/2017 8723.049805 -0.01229 36.9629 0.00203862
10/10/2017 8831.549805 -0.00405 36.8877 0.0044439
9/10/2017 8867.450195 0.010288 36.7245 0.001221384
8/10/2017 8777.170391 0.000142 36.6797 -0.000972344
7/10/2017 8775.900391 -0.00369 36.7174 0.000239739
4/10/2017 8808.400391 0.003252 36.7066 0.000177111
3/10/2017 8779.849609 0.004266 36.7001 0.000463429
2/10/2017 8742.549805 0.001828 36.6831 -0.000721882
1/10/2017 8726.599609 0.001262 36.7096 -0.002182664
22/09/2017 8717.599609 -0.01704 36.7899 0.000185834
21/09/2017 8866.700195 -0.00958 36.7838 -4.89322E-05
20/09/2017 8952.5 0.003874 36.7856 0.003968319
19/09/2017 8917.950195 -0.0028 36.6402 0.001810112
18/09/2017 8943 0.017137 36.5813 -0.000540967
17/09/2017 8809.650391 0.003989 36.6011 -0.000181171
14/09/2017 8774.650391 -0.00131 36.607 0.000746318
13/09/2017 8786.200195 0.004786 36.5797 0.002071

57
12/9/2017 8744.349609 0.017905 36.5041 0.000811726
11/9/2017 8607.450195 0.004071 36.4745 0.000496483
8/9/2017 8572.549805 -0.00229 36.4564 0.000804346
7/9/2017 8592.200195 -0.00672 36.4271 0.00192259
6/9/2017 8650.299805 0.00205 36.3572 5.2262E-05
5/9/2017 8632.599609 0.0004 36.3553 -0.002896253
4/9/2017 8629.170391 -0.00436 36.4609 0.0008017
1/9/2017 8666.900391 -0.00073 36.4317 -0.003172114
31/8/2017 8673.25 0.005705 36.5469 -0.000240729
30/8/2017 8624.049805 -0.00214 36.5557 0.000391337
29/8/2017 8642.549805 0.005866 36.5414 0.002733125
28/8/2017 8592.170391 0.001965 36.4418 0.004080598
23/8/2017 8575.299805 -0.01186 36.2937 0.005750121
22/8/2017 8678.25 -0.0038 36.0862 -4.98781E-05
21/8/2017 8711.349609 0.003248 36.088 0.001854463
18/8/2017 8683.170391 0.017443 36.0212 0.001081087
17/8/2017 8551.099609 0.000731 35.9823 -0.002129837
18/8/2017 8544.849609 -0.00905 36.0591 -0.002384819
17/8/2017 8622.900391 -0.00178 36.1453 0.00460818
14/8/2017 8636.549805 -0.00023 35.9795 0.00182938
11/8/2017 8638.5 -0.00321 35.9138 0.007371462
10/8/2017 8666.299805 0.005861 35.651 0.000814104
9/8/2017 8617.799805 0.002928 35.622 0.00093569
8/8/2017 8590.650391 -0.00521 35.5887 0.001854944
7/8/2017 8635.650391 0.011058 35.5299 0.001462878
4/8/2017 8541.200195 0.003655 35.478 0.001442407
3/8/2017 8510.099609 -0.00651 35.4269 0.002362534
2/8/2017 8565.849609 0.004374 35.3434 0.002132232
1/8/2017 8528.549805 0.002333 35.2682 -0.000430797
22/7/2017 8508.700195 -0.00383 35.2834 0.00133669
21/7/2017 8541.400391 -0.00276 35.2363 -1.13518E-05
20/7/2017 8565 0.005341 35.2367 0.002883132

58
19/7/2017 8519.5 -0.00018 35.1354 0.003828418
18/7/2017 8521.049805 0.006277 35.0014 0.000351738
17/7/2017 8467.900391 0.017385 34.9891 0.001117877
14/7/2017 8323.200195 -0.00176 34.9501 0.001717881
13/7/2017 8337.900391 0.000234 34.8972 0.001854584
12/7/2017 8335.950195 -0.00417 34.8326 8.61336E-05
11/7/2017 8370.700195 0.005085 34.8296 0.001839222
8/7/2017 8328.349609 0.004899 34.7726 0.000422925
7/7/2017 8287.75 0.010208 34.7579 0.002278042
6/7/2017 8204 0.009369 34.6789 0.001932856
5/7/2017 8127.850098 0.004095 34.612 0.003292906
4/7/2017 8094.700195 0.000754 34.4984 0.001131767
1/7/2017 8088.600098 -0.02199 34.4594 0.000728924
31/6/2017 8270.450195 0.008137 34.4343 0.000988363
30/6/2017 8203.700195 -0.00197 34.4003 0.000747645
29/6/2017 8219.900391 -0.00226 34.3746 0.000186219
28/6/2017 8238.5 0.00836 34.3682 0.000200807
23/6/2017 8170.200195 0.003618 34.3613 0.000410514
22/6/2017 8140.75 -0.00802 34.3472 0.000224232
21/6/2017 8206.599609 0.012055 34.3395 0.000576928
18/6/2017 8108.850098 -0.00022 34.3197 -0.000771756
17/6/2017 8110.600098 -0.00728 34.3462 6.69697E-05
18/6/2017 8170.049805 -0.00409 34.3439 0.00013687
17/6/2017 8203.599609 -0.00839 34.3392 6.11783E-05
14/6/2017 8273.049805 0.000798 34.3371 -0.000122302
11/6/2017 8266.450195 0.007975 34.3413 0.000836427
10/6/2017 8201.049805 -0.0024 34.3126 0.000192386
9/6/2017 8220.799805 0.000225 34.306 0.000851888
8/6/2017 8218.950195 0.004768 34.2768 -0.000956001
7/6/2017 8179.950195 0.002433 34.3096 -0.000180675
4/6/2017 8180.100098 -0.00225 34.3178 0.001301384
3/6/2017 8178.5 0.002679 34.2712 -4.96019E-05

59
2/6/2017 8176.649902 0.010781 34.2729 8.75335E-06
1/6/2017 8069.649902 0.018982 34.2726 0.000201368
22/5/2017 7934.899902 0.02401 34.2657 0.000183455
21/5/2017 7748.850098 0.002302 34.2601 0.000712706
20/5/2017 7731.049805 -0.00241 34.2357 -0.00031828
19/5/2017 7749.700195 -0.00433 34.2466 0.000177705
18/5/2017 7783.399902 -0.01102 34.2412 -0.000502067
17/5/2017 7870.149902 -0.00261 34.2584 2.91908E-05
14/5/2017 7890.75 0.003818 34.2574 0.000213138
13/5/2017 7860.75 0.005867 34.2501 -0.000673996
12/5/2017 7814.899902 -0.01082 34.2732 0.000598493
11/5/2017 7900.399902 0.006568 34.2527 7.00724E-05
8/5/2017 7848.850098 -0.00494 34.2503 0.000502438
7/5/2017 7887.799805 0.002765 34.2331 0.000836147
6/5/2017 7866.049805 0.017146 34.2045 0.000239792
5/5/2017 7733.450195 -0.00026 34.1963 -0.000552386
4/5/2017 7735.5 0.003757 34.2172 0.001246613
1/5/2017 7706.549805 -0.00522 34.1726 -0.000608305
31/4/2017 7747 -0.00755 34.1934 0.000626244
30/4/2017 7805.899902 -0.00559 34.172 0.000486014
29/4/2017 7849.799805 0.000325 34.1754 0.000462806
28/4/2017 7847.25 -0.01862 34.1396 0.000193361
23/4/2017 7979.899902 0.002186 34.133 -0.000807948
22/4/2017 7962.649902 0.013698 34.1806 -0.000968017
21/4/2017 7855.049805 -0.0056 34.1937 0.001100828
18/4/2017 7899.299805 -0.00181 34.1761 -0.001836848
17/4/2017 7912.049805 -0.00034 34.2121 -6.72232E-05
18/4/2017 7914.75 6.29E-06 34.2144 0.001357996
17/4/2017 7914.700195 0.008184 34.188 -0.001875427
14/4/2017 7850.450195 0.018355 34.2322 0.00196106
11/4/2017 7708.950195 0.004895 34.1852 0.001985483
10/4/2017 7671.399902 0.01738 34.0975 0.004332791

60
9/4/2017 7555.200195 0.001179 33.9504 0.000607136
8/4/2017 7546.450195 -0.00892 33.9298 0.001008981
7/4/2017 7614.350098 0.001466 33.8956 0.002875876
4/4/2017 7603.200195 -0.02005 33.7984 0.002842511
3/4/2017 7758.799805 0.005932 33.7026 0.000270082
2/4/2017 7713.049805 -0.00328 33.6935 -0.001823785
1/4/2017 7738.399902 0.000414 33.7483 0.002236213
22/03/2017 7735.200195 0.018191 33.673 -0.00020487
21/03/2017 7597 -0.00238 33.6799 -0.000955147
20/03/2017 7617.100098 -0.01314 33.7121 0.008037484
19/03/2017 7718.5 0.000207 33.4433 0.001872334
18/03/2017 7714.899902 0.001382 33.3808 0.005291356
17/03/2017 7704.25 0.013137 33.2051 0.002639072
14/03/2017 7604.350098 0.01222 33.1177 0.002785709
13/03/2017 7512.549805 0.00184 33.0257 0.002878755
12/3/2017 7498.75 0.005114 32.9309 -6.68021E-05
11/3/2017 7460.600098 -0.01037 32.9331 0.000504306
8/3/2017 7538.75 0.003801 32.9185 -0.000148839
7/3/2017 7510.200195 0.003213 32.9214 0.001417499
6/3/2017 7486.149902 -0.00606 32.8748 0.002641194
5/3/2017 7531.799805 0.006212 32.7882 -0.000457272
4/3/2017 7485.299805 -6.7E-06 32.8032 0.000225639
1/3/2017 7485.350098 0.001304 32.7958 0.001022517
31/2/2017 7475.600098 0.014487 32.7623 0.012713672
30/2/2017 7368.850098 0.020291 32.351 0.003190886
29/2/2017 7222.299805 0.033669 32.2481 -0.003325535
28/2/2017 6987.049805 -0.00607 32.3557 -0.001280975
23/2/2017 7029.75 0.008486 32.3972 -0.003907847
22/2/2017 6970.600098 -0.00685 32.5243 -0.001707365
21/2/2017 7018.700195 -0.01278 32.5734 0.000632818
18/2/2017 7109.549805 -0.01728 32.5528 -0.001318125
17/2/2017 7234.549805 0.003301 32.5957 -0.001314395

61
18/2/2017 7210.75 0.002642 32.6386 -0.000918313
17/2/2017 7191.75 0.011718 32.6686 -0.000324365
14/2/2017 7108.450195 0.008541 32.6792 9.79312E-05
11/2/2017 7048.25 -0.01801 32.676 -0.000180528
10/2/2017 7182.950195 0.026071 32.6819 -0.000706314
9/2/2017 6980.950195 0.000659 32.705 0.000100912
8/2/2017 6976.350098 -0.03317 32.7017 0.001224676
7/2/2017 7217.700195 -0.0113 32.6617 0.000999108
4/2/2017 7298.200195 -0.01205 32.6291 -0.001217227
3/2/2017 7387.25 -0.0136 32.6688 -0.003209861
2/2/2017 7489.100098 0.011494 32.774 -3.35621E-05
1/2/2017 7404 32.7751
Average 0.000498 0.000621058
Standed
deviation 0.009361 0.002685491
BETA 0.006111

62
Graphical Presentation of HDFC Income fund-Growth For
the month of January 2018
Interpretation:
HDFC Income Fund Growth has been analyzed and it is found that there is a negative
growth. However on the basis of the average returns of HDFC there is a negative growth
0.000621058 as against the index average of 0.002685491 the beta being less than 1
the stock is not highly volatile.
-0.015
-0.01
-0.005
0
0.005
0.01
0.015
1
9
17
25
33
41
49
57
65
73
81
89
97
105
113
121
129
137
145
153
161
169
177
185
193
201
209
217
Returns
Returns

63
Calculations of Risk of HDFC GROWTHFUND
For the period of 1st February 2017 to 22nd January 2018
Date
Market
level(Nifty)
Return
HDFC
GROWTH
FUND Return
22/01/2018 8185.799805 0.0101436 140.393 0.010181468
21/01/2018 8103.600098 0.0085565 138.978 0.005542211
20/01/2018 8034.850098 0.000249 138.212 2.17063E-05
19/01/2018 8032.850098 0.0177557 138.209 0.01828001
18/01/2018 7908.25 -0.009705 135.995 -0.018673777
17/01/2018 7985.75 0.0008334 138.301 0.000441262
14/01/2018 7979.100098 -0.010197 138.24 -0.013071942
13/01/2018 8061.299805 -0.002611 140.071 -0.000485233
12/1/2018 8082.399902 -0.002708 140.139 -0.005894871
11/1/2018 8104.350098 -0.004312 140.97 -0.003675171
8/1/2018 8139.450195 -0.001735 141.49 -0.002052461
7/1/2018 8173.600098 -0.003526 141.781 -0.000979425
6/1/2018 8182.450195 -0.004786 141.92 -0.005842218
5/1/2018 8221.799805 0.0062417 142.754 0.005479799
4/1/2018 8170.799805 -0.011009 141.976 -0.009522746
1/1/2018 8261.75 0.0018068 143.341 0.004308956
31/12/2017 8246.849609 0.017872 142.726 0.017402565
30/12/2017 8102.049805 -0.005047 140.561 -0.005427092
29/12/2017 8143.149902 0.0017717 141.328 0.002354677
28/12/2017 8128.75 0.0051875 140.996 0.004867689
23/12/2017 8086.799805 -0.01295 140.313 -0.013006289
22/12/2017 8192.900391 -0.003842 142.182 -0.004112113
21/12/2017 8224.5 0.010114 142.749 0.010812763
18/12/2017 8142.149902 0.0018765 141.222 0.002719417
17/12/2017 8126.899902 0.0017528 140.839 0.003963417
18/12/2017 8114.299805 0.0186805 140.283 0.013993798

64
17/12/2017 7965.5 -0.00844 138.347 -0.005127283
14/12/2017 8033.299805 0.0038739 139.06 0.006217585
11/12/2017 8002.299805 0.0092318 138.201 0.00804534
10/12/2017 7929.100098 -0.017959 137.098 -0.023532428
9/12/2017 8074.100098 -0.000724 140.402 -0.00257188
8/12/2017 8079.950195 -0.003902 140.764 -0.002353008
7/12/2017 8111.600098 0.0003885 141.096 -0.003911048
4/12/2017 8108.450195 -0.022643 141.65 -0.020563669
3/12/2017 8296.299805 -0.026913 144.624 -0.026199374
2/12/2017 8525.75 0.0111184 148.517 0.022971484
1/12/2017 8432 -0.013057 145.18 -0.013059055
22/11/2017 8543.549805 0.0054725 147.101 0.004294336
21/11/2017 8497.049805 0.0075055 146.472 0.011309499
20/11/2017 8433.75 -0.006034 144.834 -0.007925146
19/11/2017 8484.950195 -0.003412 145.991 -0.008334579
18/11/2017 8514 -0.013013 147.218 -0.017830358
17/11/2017 8626.25 -0.00136 149.586 0.000448104
14/11/2017 8638 0.0026407 149.519 0.002917818
13/11/2017 8617.25 0 149.084 -0.001306279
12/11/2017 8617.25 -0.00875 149.279 -0.012365364
11/11/2017 8691.299805 -0.002027 171.148 -0.000231708
8/11/2017 8708.950195 0.0018291 171.183 0.00311851
7/11/2017 8693.049805 -0.00073 170.713 0.000484599
6/11/2017 8699.400391 0.0046542 170.64 0.007241386
5/11/2017 8659.099609 -0.002187 149.557 0.004540539
4/11/2017 8677.900391 0.018485 148.881 0.018176826
1/11/2017 8520.400391 -0.00734 146.226 -0.003518376
31/10/2017 8583.400391 0.0011723 146.742 0.0044355
30/10/2017 8573.349609 -0.017553 146.094 -0.018619212
29/10/2017 8708.799805 0.0012877 148.563 0.002185378
28/10/2017 8697.599609 -0.001372 148.242 0.001378025
23/10/2017 8709.549805 -0.003934 148.038 -0.004906969

65
22/10/2017 8743.950195 -0.002874 148.768 0.001137289
21/10/2017 8769.170391 0.0035535 148.599 0.005201921
18/10/2017 8738.099609 0.0147424 147.83 0.017657742
17/10/2017 8611.170391 0.0023184 145.551 0.008970102
18/10/2017 8591.25 -0.017598 144.257 -0.02237749
17/10/2017 8745.170391 0.0044507 147.559 0.00698122
14/10/2017 8706.400391 -0.001909 146.536 -0.0043553
11/10/2017 8723.049805 -0.012285 147.177 -0.010188876
10/10/2017 8831.549805 -0.004049 148.689 -0.004565813
9/10/2017 8867.450195 0.0102881 149.371 0.012513133
8/10/2017 8777.170391 0.0001424 147.525 -0.000332037
7/10/2017 8775.900391 -0.00369 147.574 -0.002831217
4/10/2017 8808.400391 0.0032519 147.993 0.002805277
3/10/2017 8779.849609 0.0042665 147.579 0.006623104
2/10/2017 8742.549805 0.0018278 146.608 0.000696217
1/10/2017 8726.599609 0.0012621 146.506 0.004146647
22/09/2017 8717.599609 -0.017041 145.901 -0.020903796
21/09/2017 8866.700195 -0.009584 149.018 -0.008496736
20/09/2017 8952.5 0.0038742 170.293 0.005519576
19/09/2017 8917.950195 -0.002801 149.468 -2.00708E-05
18/09/2017 8943 0.0171368 149.471 0.017296939
17/09/2017 8809.650391 0.0039888 147.219 0.005848473
14/09/2017 8774.650391 -0.001317 146.363 -0.005827973
13/09/2017 8786.200195 0.004786 147.221 0.003455703
12/9/2017 8744.349609 0.0179048 146.714 0.013127274
11/9/2017 8607.450195 0.0040712 144.813 0.004557563
8/9/2017 8572.549805 -0.002287 144.176 -0.004330619
7/9/2017 8592.200195 -0.006718 144.783 -0.007683134
6/9/2017 8650.299805 0.0020504 145.904 0.003638865
5/9/2017 8632.599609 0.0003997 145.375 -0.000481282
4/9/2017 8629.170391 -0.004356 145.445 -0.00470804
1/9/2017 8666.900391 -0.000732 146.133 0.005269422

66
31/8/2017 8673.25 0.005705 145.367 0.007471117
30/8/2017 8624.049805 -0.002141 144.289 -0.000367183
29/8/2017 8642.549805 0.0058658 144.342 0.002173173
28/8/2017 8592.170391 0.001965 144.029 0.00993605
23/8/2017 8575.299805 -0.011863 142.612 -0.001182644
22/8/2017 8678.25 -0.0038 142.778 -0.010718864
21/8/2017 8711.349609 0.0032476 144.325 -0.001860381
18/8/2017 8683.170391 0.0174425 144.594 0.00701317
17/8/2017 8551.099609 0.0007314 143.587 0.017689437
18/8/2017 8544.849609 -0.009052 141.369 0.002794822
17/8/2017 8622.900391 -0.00178 140.975 -0.01025029
14/8/2017 8636.549805 -0.000226 142.435 -0.002542052
11/8/2017 8638.5 -0.003208 142.798 -0.005619581
10/8/2017 8666.299805 0.0058613 143.605 -0.003118887
9/8/2017 8617.799805 0.0029275 144.054 0.004210526
8/8/2017 8590.650391 -0.005211 143.45 0.001011828
7/8/2017 8635.650391 0.0110582 143.305 -0.005372053
4/8/2017 8541.200195 0.0036546 144.079 0.010981377
3/8/2017 8510.099609 -0.006508 142.514 0.006426372
2/8/2017 8565.849609 0.0043735 141.604 -0.008729375
1/8/2017 8528.549805 0.0023329 142.851 0.006219711
22/7/2017 8508.700195 -0.003828 141.968 0.003179808
21/7/2017 8541.400391 -0.002755 141.518 -0.003773213
20/7/2017 8565 0.0053407 142.054 -0.002359718
19/7/2017 8519.5 -0.000182 142.39 0.007029902
18/7/2017 8521.049805 0.0062766 141.396 -0.002961784
17/7/2017 8467.900391 0.0173852 141.818 0.006601082
14/7/2017 8323.200195 -0.001763 140.886 0.017763876
13/7/2017 8337.900391 0.000234 138.427 -0.002277592
12/7/2017 8335.950195 -0.004171 138.743 -0.000244997
11/7/2017 8370.700195 0.0050851 138.777 -0.004219137
8/7/2017 8328.349609 0.0048987 139.365 0.011202937

67
7/7/2017 8287.75 0.0102084 137.821 0.006823146
6/7/2017 8204 0.009369 136.887 0.010407671
5/7/2017 8127.850098 0.0040953 135.477 0.012526065
4/7/2017 8094.700195 0.0007542 133.801 0.004112478
1/7/2017 8088.600098 -0.021988 133.253 0.006511017
31/6/2017 8270.450195 0.0081366 132.391 -0.024111394
30/6/2017 8203.700195 -0.001971 135.662 0.005909613
29/6/2017 8219.900391 -0.002258 134.865 -0.0025147
28/6/2017 8238.5 0.0083596 135.205 -0.002228667
23/6/2017 8170.200195 0.0036176 135.507 0.006147952
22/6/2017 8140.75 -0.008024 134.679 0.00229962
21/6/2017 8206.599609 0.0120547 134.37 -0.005969951
18/6/2017 8108.850098 -0.000218 135.177 0.014088628
17/6/2017 8110.600098 -0.007277 133.299 0.004185851
18/6/2017 8170.049805 -0.00409 132.746 -0.010333105
17/6/2017 8203.599609 -0.008395 134.132 -0.001986622
14/6/2017 8273.049805 0.0007984 134.399 -0.005895145
11/6/2017 8266.450195 0.0079746 135.196 0.00263273
10/6/2017 8201.049805 -0.002402 134.841 0.010877877
9/6/2017 8220.799805 0.000225 133.39 0.000600105
8/6/2017 8218.950195 0.0047678 133.31 0.000983639
7/6/2017 8179.950195 0.0024326 133.179 0.006841859
4/6/2017 8180.100098 -0.00225 132.274 -0.00229299
3/6/2017 8178.5 0.0026788 132.578 0.004553824
2/6/2017 8176.649902 0.0107811 131.977 0.006236705
1/6/2017 8069.649902 0.0189819 131.179 0.012060557
22/5/2017 7934.899902 0.02401 129.596 0.019605992
21/5/2017 7748.850098 0.0023024 127.104 0.021837784
20/5/2017 7731.049805 -0.002407 124.412 -0.003077022
19/5/2017 7749.700195 -0.00433 124.796 -0.004205134
18/5/2017 7783.399902 -0.011023 125.323 -0.007680552
17/5/2017 7870.149902 -0.002611 126.293 -0.014083078

68
14/5/2017 7890.75 0.0038184 128.097 0.001783075
13/5/2017 7860.75 0.005867 127.869 0.001433203
12/5/2017 7814.899902 -0.010822 127.686 -0.003239631
11/5/2017 7900.399902 0.0065678 128.101 -0.002887789
8/5/2017 7848.850098 -0.004938 128.472 0.008659878
7/5/2017 7887.799805 0.002765 127.369 -0.006176463
6/5/2017 7866.049805 0.0171462 128.178 0.002589437
5/5/2017 7733.450195 -0.000265 127.827 0.014822186
4/5/2017 7735.5 0.0037566 125.96 -0.001896071
1/5/2017 7706.549805 -0.005221 126.174 0.002478905
31/4/2017 7747 -0.007546 125.862 -0.010318574
30/4/2017 7805.899902 -0.005592 127.174 -0.004617889
29/4/2017 7849.799805 0.0003249 127.764 -0.004790503
28/4/2017 7847.25 -0.018623 128.379 7.79004E-05
23/4/2017 7979.899902 0.0021864 128.369 -0.014418758
22/4/2017 7962.649902 0.0136982 130.247 -0.003069318
21/4/2017 7855.049805 -0.005602 130.648 0.012822302
18/4/2017 7899.299805 -0.001811 128.994 -0.007035748
17/4/2017 7912.049805 -0.000341 129.908 0.002252808
18/4/2017 7914.75 6.293E-06 129.618 0.004541779
17/4/2017 7914.700195 0.0081842 129.03 0.003398319
14/4/2017 7850.450195 0.0183553 128.593 0.007056041
11/4/2017 7708.950195 0.0048948 127.692 0.018656051
10/4/2017 7671.399902 0.0173801 125.6 0.007314256
9/4/2017 7555.200195 0.0011795 124.688 0.013237553
8/4/2017 7546.450195 -0.008917 123.059 0.003580186
7/4/2017 7614.350098 0.0014665 122.62 -0.007808391
4/4/2017 7603.200195 -0.020055 123.585 0.003320452
3/4/2017 7758.799805 0.0059317 123.176 -0.021340834
2/4/2017 7713.049805 -0.003276 125.862 0.003340182
1/4/2017 7738.399902 0.0004137 125.443 0.001772905
22/03/2017 7735.200195 0.0181914 125.246 -0.000383099

69
21/03/2017 7597 -0.002377 125.294 0.022632855
20/03/2017 7617.100098 -0.013141 122.521 0.001389445
19/03/2017 7718.5 0.0002074 122.351 -0.019913968
18/03/2017 7714.899902 0.0013823 124.837 0.001419862
17/03/2017 7704.25 0.0131372 124.66 0.004536774
14/03/2017 7604.350098 0.0122196 124.097 0.017672336
13/03/2017 7512.549805 0.0018403 121.942 0.012605461
12/3/2017 7498.75 0.0051135 120.424 0.004772553
11/3/2017 7460.600098 -0.010366 119.852 0.007371296
8/3/2017 7538.75 0.0038017 118.975 -0.007242809
7/3/2017 7510.200195 0.0032126 119.843 0.007354919
6/3/2017 7486.149902 -0.006061 118.968 0.001363567
5/3/2017 7531.799805 0.0062122 118.806 -0.006217025
4/3/2017 7485.299805 -6.72E-06 119.549 0.005399178
1/3/2017 7485.350098 0.0013042 118.907 -0.001728269
31/2/2017 7475.600098 0.0144867 119.089 0.007197348
30/2/2017 7368.850098 0.0202914 118.238 0.014770377
29/2/2017 7222.299805 0.0336694 118.517 0.024613518
28/2/2017 6987.049805 -0.006074 113.718 0.031861847
23/2/2017 7029.75 0.0084856 110.228 -0.005566331
22/2/2017 6970.600098 -0.006853 110.845 0.008617081
21/2/2017 7018.700195 -0.012779 109.898 -0.014376553
18/2/2017 7109.549805 -0.017278 111.501 -0.008456942
17/2/2017 7234.549805 0.0033006 112.452 -0.017280612
18/2/2017 7210.75 0.0026419 114.197 0.001734792
17/2/2017 7191.75 0.0117184 114.022 0.001071117
14/2/2017 7108.450195 0.0085412 113.9 0.006379332
11/2/2017 7048.25 -0.018013 113.178 0.010400579
10/2/2017 7182.950195 0.0260709 112.013 -0.020702739
9/2/2017 6980.950195 0.0006594 114.381 0.040489402
8/2/2017 6976.350098 -0.033171 109.93 -0.004320378
7/2/2017 7217.700195 -0.011304 110.407 -0.036917884

70
4/2/2017 7298.200195 -0.012055 114.639 -0.011869053
3/2/2017 7387.25 -0.0136 118.018 -0.014176795
2/2/2017 7489.100098 0.0114938 117.682 -0.007782134
1/2/2017 7404 118.605
AVERAGE 0.0004979 0.00081755
Standed
deviation 0.0093617 0.010236564
BETA 0.50738086
Graphical Presentation of HDFC GROWTH FUND For the
month of January 18
Interpretation:
HDFC GROWTH FUND have been analyzed and it is found that there is a negative
growth. However on the basis of the average returns of HDFC GROWTH FUND there
is a negative growth 0.00081755 as against the index average of 0.010236564 the beta
being less than 1 the stock is not highly volatile.
-0.05
-0.04
-0.03
-0.02
-0.01
0
0.01
0.02
0.03
0.04
0.05
1
9
17
25
33
41
49
57
65
73
81
89
97
105
113
121
129
137
145
153
161
169
177
185
193
201
209
217
Return
Return

71
Calculations of Risk of HDFC Liquid fund
Date
Market
level(Nifty) Return
HDFC Liquid
fund Growth Return
22/01/2018 8185.799805 0.010144 3148.1899 0.000193736
21/01/2018 8103.600098 0.008556 3147.5801 0.000177978
20/01/2018 8034.850098 0.000249 3147.02 0.000177978
19/01/2018 8032.850098 0.017756 3146.46 0.000171883
18/01/2018 7908.25 -0.0097 3145.9199 0.000559768
17/01/2018 7985.75 0.000833 3144.1799 0.000172687
14/01/2018 7979.100098 -0.0102 3143.6799 0.000185439
13/01/2018 8061.299805 -0.00261 3143.1799 0.000178133
12/1/2018 8082.399902 -0.00271 3142.6001 0.000185495
11/1/2018 8104.350098 -0.00431 3142.0801 0.000544522
8/1/2018 8139.450195 -0.00174 3140.3701 0.000143379
7/1/2018 8173.600098 -0.00353 3139.9199 0.000175131
6/1/2018 8182.450195 -0.00479 3139.3701 0.000188003
5/1/2018 8221.799805 0.006242 3138.78 0.000178445
4/1/2018 8170.799805 -0.01101 3138.22 0.000519641
1/1/2018 8261.75 0.001807 3136.5901 0.00018498
31/12/2017 8246.849609 0.017872 3136.01 0.000172223
30/12/2017 8102.049805 -0.00505 3135.47 2.55471E-05
29/12/2017 8143.149902 0.001771 3135.3899 0.000189003
28/12/2017 8128.75 0.005187 3134.8601 0.000584131
23/12/2017 8086.799805 -0.01295 3133.03 0.000108565
22/12/2017 8192.900391 -0.00384 3132.6899 0.000179633
21/12/2017 8224.5 0.010114 3132.1899 0.000185144
18/12/2017 8142.149902 0.001876 3131.6101 0.000175659
17/12/2017 8126.899902 0.001753 3131.0601 0.000485726
18/12/2017 8114.299805 0.018681 3129.54 0.000146976
17/12/2017 7965.5 -0.00844 3129.0801 0.000271751

72
14/12/2017 8033.299805 0.003874 3128.23 0.000198202
11/12/2017 8002.299805 0.009232 3127.6101 0.000191909
10/12/2017 7929.100098 -0.01796 3127.01 0.000550349
9/12/2017 8074.100098 -0.00072 3125.29 0.000188818
8/12/2017 8079.950195 -0.0039 3124.7 0.000182483
7/12/2017 8111.600098 0.000388 3124.1299 0.000192058
4/12/2017 8108.450195 -0.02264 3123.53 0.000198565
3/12/2017 8296.299805 -0.02691 3122.9099 0.000551072
2/12/2017 8525.75 0.011118 3121.1899 0.000185797
1/12/2017 8432 -0.01306 3120.6101 0.000182722
22/11/2017 8543.549805 0.005472 3120.04 0.000179517
21/11/2017 8497.049805 0.007506 3119.48 0.000182788
20/11/2017 8433.75 -0.00603 3118.9099 0.000548537
19/11/2017 8484.950195 -0.00341 3117.2 0.000182922
18/11/2017 8514 -0.01301 3118.6299 0.000182859
17/11/2017 8626.25 -0.00136 3118.0601 0.000182989
14/11/2017 8638 0.002641 3117.49 0.000186233
13/11/2017 8617.25 0 3114.9099 0.000546028
12/11/2017 8617.25 -0.00875 3113.21 0.000183176
11/11/2017 8691.299805 -0.00203 3112.6399 0.000183094
8/11/2017 8708.950195 0.001829 3112.0701 0.000180009
7/11/2017 8693.049805 -0.00073 3111.51 0.000183257
6/11/2017 8699.400391 0.004654 3110.9399 0.000546725
5/11/2017 8659.099609 -0.00217 3109.24 0.000176956
4/11/2017 8677.900391 0.018485 3108.6899 0.000180173
1/11/2017 8520.400391 -0.00734 3108.1299 0.000183359
31/10/2017 8583.400391 0.001172 3107.5601 0.00018027
30/10/2017 8573.349609 -0.01755 3107 0.000547451
29/10/2017 8708.799805 0.001288 3105.3 0.000177148
28/10/2017 8697.599609 -0.00137 3104.75 0.000183656
23/10/2017 8709.549805 -0.00393 3104.1799 0.00036087
22/10/2017 8743.950195 -0.00287 3103.0601 0.000554599

73
21/10/2017 8769.170391 0.003553 3101.3401 0.000183858
18/10/2017 8738.099609 0.014742 3100.77 0.000187118
17/10/2017 8611.170391 0.002318 3100.1899 0.000190283
18/10/2017 8591.25 -0.0176 3099.6001 0.000183961
17/10/2017 8745.170391 0.004451 3099.03 0.00061867
14/10/2017 8706.400391 -0.00191 3097.1201 0.000235823
11/10/2017 8723.049805 -0.01229 3096.3899 0.000184055
10/10/2017 8831.549805 -0.00405 3095.8201 0.000184185
9/10/2017 8867.450195 0.010288 3095.25 0.000184219
8/10/2017 8777.170391 0.000142 3094.6799 0.000546365
7/10/2017 8775.900391 -0.00369 3092.99 0.000184354
4/10/2017 8808.400391 0.003252 3092.4199 0.000184291
3/10/2017 8779.849609 0.004266 3091.8501 0.000177951
2/10/2017 8742.549805 0.001828 3091.3 0.000181186
1/10/2017 8726.599609 0.001262 3090.74 0.000547094
22/09/2017 8717.599609 -0.01704 3089.05 0.000187795
21/09/2017 8866.700195 -0.00958 3088.47 0.000181385
20/09/2017 8952.5 0.003874 3087.9099 0.0001878
19/09/2017 8917.950195 -0.0028 3087.3301 0.000178212
18/09/2017 8943 0.017137 3086.78 0.000547764
17/09/2017 8809.650391 0.003989 3085.0901 0.000188069
14/09/2017 8774.650391 -0.00131 3084.51 0.000181785
13/09/2017 8786.200195 0.004786 3083.95 0.000184895
12/9/2017 8744.349609 0.017905 3083.3799 0.000181787
11/9/2017 8607.450195 0.004071 3082.8201 0.000554995
8/9/2017 8572.549805 -0.00229 3081.1101 0.000191759
7/9/2017 8592.200195 -0.00672 3080.52 0.000181821
6/9/2017 8650.299805 0.00205 3079.96 0.000188382
5/9/2017 8632.599609 0.0004 3079.3799 0.000188353
4/9/2017 8629.170391 -0.00436 3078.8 0.000555687
1/9/2017 8666.900391 -0.00073 3077.0901 0.000188558
31/8/2017 8673.25 0.005705 3076.51 0.000185342

74
30/8/2017 8624.049805 -0.00214 3075.9399 0.000188531
29/8/2017 8642.549805 0.005866 3075.3601 0.000188664
28/8/2017 8592.170391 0.001965 3074.78 0.00055967
23/8/2017 8575.299805 -0.01186 3073.0601 0.00019206
22/8/2017 8678.25 -0.0038 3072.47 0.000188841
21/8/2017 8711.349609 0.003248 3071.8899 0.000205095
18/8/2017 8683.170391 0.017443 3071.26 0.00018934
17/8/2017 8551.099609 0.000731 3070.74 0.00057022
18/8/2017 8544.849609 -0.00905 3068.99 0.000189056
17/8/2017 8622.900391 -0.00178 3068.4099 0.000192254
14/8/2017 8636.549805 -0.00023 3067.8201 0.000189128
11/8/2017 8638.5 -0.00321 3067.24 0.000192425
10/8/2017 8666.299805 0.005861 3066.6499 0.000583974
9/8/2017 8617.799805 0.002928 3064.8601 0.000186046
8/8/2017 8590.650391 -0.00521 3064.29 0.000189313
7/8/2017 8635.650391 0.011058 3063.71 0.000189381
4/8/2017 8541.200195 0.003655 3063.1299 0.000192618
3/8/2017 8510.099609 -0.00651 3062.54 0.000578286
2/8/2017 8565.849609 0.004374 3060.77 0.000192832
1/8/2017 8528.549805 0.002333 3060.1799 0.00019604
22/7/2017 8508.700195 -0.00383 3059.5801 0.000189637
21/7/2017 8541.400391 -0.00276 3059 0.000196214
20/7/2017 8565 0.005341 3058.3999 0.000562702
19/7/2017 8519.5 -0.00018 3056.6799 0.000192992
18/7/2017 8521.049805 0.006277 3056.0901 0.000193127
17/7/2017 8467.900391 0.017385 3055.5 0.000196439
14/7/2017 8323.200195 -0.00176 3054.8999 0.000193104
13/7/2017 8337.900391 0.000234 3054.3101 0.000586434
12/7/2017 8335.950195 -0.00417 3052.52 0.00019663
11/7/2017 8370.700195 0.005085 3051.9199 0.000209717
8/7/2017 8328.349609 0.004899 3051.28 0.000199989
7/7/2017 8287.75 0.010208 3050.6699 0.000196651

75
6/7/2017 8204 0.009369 3050.0701 0.000583967
5/7/2017 8127.850098 0.004095 3048.29 0.000206749
4/7/2017 8094.700195 0.000754 3047.6599 0.000210008
1/7/2017 8088.600098 -0.02199 3047.02 0.000400552
31/6/2017 8270.450195 0.008137 3045.8 0.00058804
30/6/2017 8203.700195 -0.00197 3044.01 0.000233299
29/6/2017 8219.900391 -0.00226 3043.3 0.000253079
28/6/2017 8238.5 0.00836 3042.53 0.000203852
23/6/2017 8170.200195 0.003618 3041.9099 0.000203828
22/6/2017 8140.75 -0.00802 3041.29 0.000625178
21/6/2017 8206.599609 0.012055 3039.3899 0.000190798
18/6/2017 8108.850098 -0.00022 3038.8101 0.000204135
17/6/2017 8110.600098 -0.00728 3038.1899 0.000197459
18/6/2017 8170.049805 -0.00409 3037.5901 0.00020089
17/6/2017 8203.599609 -0.00839 3036.98 0.000602969
14/6/2017 8273.049805 0.000798 3035.1499 0.000194361
11/6/2017 8266.450195 0.007975 3034.5601 0.000201091
10/6/2017 8201.049805 -0.0024 3033.95 0.00020766
9/6/2017 8220.799805 0.000225 3033.3201 0.0002111
8/6/2017 8218.950195 0.004768 3032.6799 0.000623567
7/6/2017 8179.950195 0.002433 3030.79 0.000207943
4/6/2017 8180.100098 -0.00225 3030.1799 0.000201317
3/6/2017 8178.5 0.002679 3029.55 0.000204726
2/6/2017 8176.649902 0.010781 3028.9299 0.00021461
1/6/2017 8069.649902 0.018982 3028.28 0.000627846
22/5/2017 7934.899902 0.02401 3026.3799 0.000204874
21/5/2017 7748.850098 0.002302 3025.76 0.000201876
20/5/2017 7731.049805 -0.00241 3025.1499 0.00020185
19/5/2017 7749.700195 -0.00433 3024.54 0.000221737
18/5/2017 7783.399902 -0.01102 3023.8701 0.000617517
17/5/2017 7870.149902 -0.00261 3022.01 0.000205237
14/5/2017 7890.75 0.003818 3021.3899 0.000201901

76
13/5/2017 7860.75 0.005867 3020.78 0.000211944
12/5/2017 7814.899902 -0.01082 3020.1399 0.000205298
11/5/2017 7900.399902 0.006568 3019.52 0.000636234
8/5/2017 7848.850098 -0.00494 3017.6001 0.000212187
7/5/2017 7887.799805 0.002765 3018.96 0.000217462
6/5/2017 7866.049805 0.017146 3018.3101 0.000218925
5/5/2017 7733.450195 -0.00026 3017.6499 0.000212238
4/5/2017 7735.5 0.003757 3017.01 0.000633865
1/5/2017 7706.549805 -0.00522 3013.1001 0.000212484
31/4/2017 7747 -0.00755 3012.46 0.000212463
30/4/2017 7805.899902 -0.00559 3011.8201 0.000212608
29/4/2017 7849.799805 0.000325 3011.1799 0.000219198
28/4/2017 7847.25 -0.01862 3010.52 0.000628226
23/4/2017 7979.899902 0.002186 3008.6299 0.000209408
22/4/2017 7962.649902 0.013698 3008 0.000212778
21/4/2017 7855.049805 -0.0056 3007.3601 0.00021289
18/4/2017 7899.299805 -0.00181 3006.72 0.000218196
17/4/2017 7912.049805 -0.00034 3006.0701 0.000645844
18/4/2017 7914.75 6.29E-06 3004.1299 0.000213052
17/4/2017 7914.700195 0.008184 3003.49 0.000219759
14/4/2017 7850.450195 0.018355 3002.8301 0.000213244
11/4/2017 7708.950195 0.004895 3002.1899 0.000209824
10/4/2017 7671.399902 0.01738 3001.5601 0.000640144
9/4/2017 7555.200195 0.001179 2999.6399 0.000220041
8/4/2017 7546.450195 -0.00892 2998.98 0.000203411
7/4/2017 7614.350098 0.001466 2998.3701 0.000213528
4/4/2017 7603.200195 -0.02005 2997.73 0.000213507
3/4/2017 7758.799805 0.005932 2997.0901 0.001098971
2/4/2017 7713.049805 -0.00328 2993.8 0.000213854
1/4/2017 7738.399902 0.000414 2993.1799 0.000213833
22/03/2017 7735.200195 0.018191 2992.52 0.00088964
21/03/2017 7597 -0.00238 2989.8601 0.000220828

77
20/03/2017 7617.100098 -0.01314 2989.2 0.000217497
19/03/2017 7718.5 0.000207 2988.55 0.000251021
18/03/2017 7714.899902 0.001382 2987.8 0.001088941
17/03/2017 7704.25 0.013137 2984.55 0.000848418
14/03/2017 7604.350098 0.01222 2982.02 0.000308577
13/03/2017 7512.549805 0.00184 2981.1001 0.000234935
12/3/2017 7498.75 0.005114 2980.3999 0.001091848
11/3/2017 7460.600098 -0.01037 2977.1499 0.000141061
8/3/2017 7538.75 0.003801 2976.73 0.000228491
7/3/2017 7510.200195 0.003213 2976.05 0.000672484
6/3/2017 7486.149902 -0.00606 2974.05 0.000238755
5/3/2017 7531.799805 0.006212 2973.3401 0.000218724
4/3/2017 7485.299805 -6.7E-06 2972.6899 0.000225402
1/3/2017 7485.350098 0.001304 2972.02 0.000235552
31/2/2017 7475.600098 0.014487 2971.3201 0.000687069
30/2/2017 7368.850098 0.020291 2969.28 0.00021899
29/2/2017 7222.299805 0.033669 2968.6299 0.000205491
28/2/2017 6987.049805 -0.00607 2968.02 0.0002056
23/2/2017 7029.75 0.008486 2967.4099 0.000205575
22/2/2017 6970.600098 -0.00685 2966.8 0.00064424
21/2/2017 7018.700195 -0.01278 2964.8899 0.000212498
18/2/2017 7109.549805 -0.01728 2964.26 0.000217918
17/2/2017 7234.549805 0.003301 2963.6201 0.000222784
18/2/2017 7210.75 0.002642 2962.96 0.00021939
17/2/2017 7191.75 0.011718 2962.3101 0.00063511
14/2/2017 7108.450195 0.008541 2960.4299 0.000195888
11/2/2017 7048.25 -0.01801 2959.8501 0.000192648
10/2/2017 7182.950195 0.026071 2959.28 0.000196032
9/2/2017 6980.950195 0.000659 2958.7 0.00020618
8/2/2017 6976.350098 -0.03317 2958.0901 0.000839082
7/2/2017 7217.700195 -0.0113 2955.6101 0.000206464
4/2/2017 7298.200195 -0.01205 2955 0.000206506

78
3/2/2017 7387.25 -0.0136 2954.3899 0.000206481
2/2/2017 7489.100098 0.011494 2953.78 0.000633522
1/2/2017 7404 2951.9099
AVERAGE 0.000498 0.000291352
Standed
deviation 0.009361 0.00019376
BETA 0.000185985
Graphical Presentation of HDFC LIQUID fund-Growth
FOR THE MONTH OF JANUARY 2018
Interpretation:
HDFC Liquid fund have been analyzed and it is found that there is a positive growth.
However on the basis of the average returns of HDFC Liquid fund there is a positive
growth 0.000291352 as against the index average of 0.00019376 the beta being less
than 1 the stock is not highly volatile.
0
0.0002
0.0004
0.0006
0.0008
0.001
0.0012
0 50 100 150 200 250
Return
Return

79
Calculations of HDFC GOLD Fund –Growth
Date
Market
level(Nifty) Return
HDFC GOLD
FUND GROWTH Return
22/01/2018 8185.799805 0.0101436 9.4118 0.004053939
21/01/2018 8103.600098 0.00855648 9.3736 0.001867023
20/01/2018 8034.850098 0.00024898 9.358 0.003538874
19/01/2018 8032.850098 0.01775571 9.325 -0.002524442
18/01/2018 7908.25 -0.0097048 9.3486 0.007381386
17/01/2018 7985.75 0.00083342 9.2801 0.003145606
14/01/2018 7979.100098 -0.0101968 9.251 -0.004317958
13/01/2018 8061.299805 -0.0026106 9.2911 -0.003314739
12/1/2018 8082.399902 -0.0027084 9.322 0.002926367
11/1/2018 8104.350098 -0.0043123 9.2948 0.001206429
8/1/2018 8139.450195 -0.0017354 9.2836 -0.005518813
7/1/2018 8173.600098 -0.0035259 9.3351 -0.009054817
6/1/2018 8182.450195 -0.004786 9.4204 0.001178404
5/1/2018 8221.799805 0.00624174 9.4095 -0.000934351
4/1/2018 8170.799805 -0.0110086 9.4183 -0.002795218
1/1/2018 8261.75 0.0018068 9.4447 -0.003376703
31/12/2017 8246.849609 0.017872 9.4767 -0.003470141
30/12/2017 8102.049805 -0.0050472 9.5097 -0.003468584
29/12/2017 8143.149902 0.00177148 9.5428 -0.000963149
28/12/2017 8128.75 0.00518749 9.552 -0.0032973
23/12/2017 8086.799805 -0.0129503 9.5836 -0.01117428
22/12/2017 8192.900391 -0.0038421 9.6919 -0.000402236
21/12/2017 8224.5 0.01011405 9.6958 -0.000700843
18/12/2017 8142.149902 0.00187648 9.7026 -0.001846328
17/12/2017 8126.899902 0.00175283 9.7186 0.003800946
18/12/2017 8114.299805 0.01868054 9.6818 -0.005219571
17/12/2017 7965.5 -0.0084398 9.7326 -0.013020992

80
14/12/2017 8033.299805 0.00387389 9.861 0.002714987
11/12/2017 8002.299805 0.00923178 9.8343 0.000264451
10/12/2017 7929.100098 -0.0179587 9.8317 9.1749E-05
9/12/2017 8074.100098 -0.000724 9.8308 -0.01036864
8/12/2017 8079.950195 -0.0039018 9.9338 -0.004250117
7/12/2017 8111.600098 0.00038847 9.9762 -0.006878839
4/12/2017 8108.450195 -0.0226426 10.0453 -0.008067542
3/12/2017 8296.299805 -0.0269126 10.127 -0.011971082
2/12/2017 8525.75 0.01111836 10.2497 -0.013332435
1/12/2017 8432 -0.0130566 10.3882 0.012189575
22/11/2017 8543.549805 0.00547249 10.2633 -0.005657983
21/11/2017 8497.049805 0.00750553 10.3217 -0.00198217
20/11/2017 8433.75 -0.0060342 10.3422 0.004918631
19/11/2017 8484.950195 -0.003412 10.2918 0.000517248
18/11/2017 8514 -0.0130126 10.2863 0.007285618
17/11/2017 8626.25 -0.0013603 10.2119 -0.004726911
14/11/2017 8638 0.00264067 10.2604 0.009961414
13/11/2017 8617.25 0 10.1792 0.001360222
12/11/2017 8617.25 -0.0087501 10.1454 0.003928476
11/11/2017 8691.299805 -0.0020267 10.1057 -0.003412128
8/11/2017 8708.950195 0.00182909 10.1403 -0.006232911
7/11/2017 8693.049805 -0.00073 10.2039 -0.000499559
6/11/2017 8699.400391 0.00465417 10.209 0.001848319
5/11/2017 8659.099609 -0.0021865 10.1922 0.000343518
4/11/2017 8677.900391 0.01848505 10.1887 0.001868295
1/11/2017 8520.400391 -0.0073397 10.1897 -0.007747022
31/10/2017 8583.400391 0.00117233 10.2491 -0.006032217
30/10/2017 8573.349609 -0.0175533 10.3113 -0.000504047
29/10/2017 8708.799805 0.00128773 10.3185 0.005546025
28/10/2017 8697.599609 -0.0013721 10.2596 -0.006228266
23/10/2017 8709.549805 -0.0039342 10.3239 -0.001721187
22/10/2017 8743.950195 -0.0028737 10.3417 -0.019130451

81
21/10/2017 8769.170391 0.00355349 10.5434 -0.003459357
18/10/2017 8738.099609 0.01474242 10.58 -0.000953721
17/10/2017 8611.170391 0.00231836 10.5901 0.006127917
18/10/2017 8591.25 -0.0175984 10.5256 0.003719032
17/10/2017 8745.170391 0.00445075 10.4866 -0.006066006
14/10/2017 8706.400391 -0.0019087 10.5506 -0.001731495
11/10/2017 8723.049805 -0.0122855 10.5689 -0.00068078
10/10/2017 8831.549805 -0.0040486 10.5761 -0.000944635
9/10/2017 8867.450195 0.01028805 10.5861 0.005786113
8/10/2017 8777.170391 0.00014244 10.5252 -2.85022E-05
7/10/2017 8775.900391 -0.0036897 10.5255 0.001065218
4/10/2017 8808.400391 0.00325185 10.5143 0.006239772
3/10/2017 8779.849609 0.00426647 10.4491 -0.004525275
2/10/2017 8742.549805 0.00182777 10.4966 -0.001322487
1/10/2017 8726.599609 0.0012621 10.5105 0.000533085
22/09/2017 8717.599609 -0.0170414 10.5049 0.000114245
21/09/2017 8866.700195 -0.0095839 10.5037 -0.004737675
20/09/2017 8952.5 0.00387419 10.5537 -0.002495251
19/09/2017 8917.950195 -0.0028011 10.5801 0.011797889
18/09/2017 8943 0.01713677 10.4588 0.007698311
17/09/2017 8809.650391 0.00398876 10.3789 0.001187188
14/09/2017 8774.650391 -0.0013145 10.3668 -0.005229674
13/09/2017 8786.200195 0.00478601 10.4213 -0.004746443
12/9/2017 8744.349609 0.01790476 10.471 -9.5501E-06
11/9/2017 8607.450195 0.00407118 10.4711 -0.004013963
8/9/2017 8572.549805 -0.002287 10.5133 0.001705509
7/9/2017 8592.200195 -0.0067185 10.4954 -0.008043098
6/9/2017 8650.299805 0.00205039 10.5805 0.000870281
5/9/2017 8632.599609 0.00039972 10.5713 0.001098518
4/9/2017 8629.170391 -0.0043557 10.5597 -0.00548131
1/9/2017 8666.900391 -0.0007321 10.6179 -0.000912718
31/8/2017 8673.25 0.005705 10.6276 0.001838218

82
30/8/2017 8624.049805 -0.0021406 10.6081 -0.000838278
29/8/2017 8642.549805 0.00586575 10.617 0.006541724
28/8/2017 8592.170391 0.00196501 10.548 -0.002270148
23/8/2017 8575.299805 -0.011863 10.572 -0.000614454
22/8/2017 8678.25 -0.0037996 10.5785 0.013897542
21/8/2017 8711.349609 0.00324758 10.4335 0.004621829
18/8/2017 8683.170391 0.01744255 10.3855 -0.018757396
17/8/2017 8551.099609 0.00073143 10.5625 0.005148262
18/8/2017 8544.849609 -0.0090518 10.5084 -0.005489098
17/8/2017 8622.900391 -0.0017804 10.5664 0.002485721
14/8/2017 8636.549805 -0.0002258 10.5402 0.001767792
11/8/2017 8638.5 -0.0032078 10.5218 0.011254746
10/8/2017 8666.299805 0.00586132 10.4045 -0.010094571
9/8/2017 8617.799805 0.00292753 10.5106 0.01352902
8/8/2017 8590.650391 -0.005211 10.3703 0.000250779
7/8/2017 8635.650391 0.01105819 10.3677 0.00123613
4/8/2017 8541.200195 0.00365455 10.3549 0.002178218
3/8/2017 8510.099609 -0.0065084 10.3326 -0.000638347
2/8/2017 8565.849609 0.00437352 10.3392 -0.001352239
1/8/2017 8528.549805 0.00233286 10.3532 -0.003800745
22/7/2017 8508.700195 -0.0038284 10.3927 0.003631061
21/7/2017 8541.400391 -0.0027554 10.3551 -0.004891409
20/7/2017 8565 0.00534069 10.406 -0.013939032
19/7/2017 8519.5 -0.0001819 10.5531 0.000331766
18/7/2017 8521.049805 0.00627658 10.5496 0.001889892
17/7/2017 8467.900391 0.01738518 10.5297 0.002503951
14/7/2017 8323.200195 -0.0017631 10.5034 -0.004172761
13/7/2017 8337.900391 0.00023395 10.5472 0.000180175
12/7/2017 8335.950195 -0.0041714 10.5453 0.010241033
11/7/2017 8370.700195 0.00508511 10.4384 -0.005185545
8/7/2017 8328.349609 0.00489875 10.4926 0.010594649
7/7/2017 8287.75 0.01020843 10.3826 0.007491218

83
6/7/2017 8204 0.00936901 10.3054 -0.000988794
5/7/2017 8127.850098 0.00409526 10.3176 -0.002813035
4/7/2017 8094.700195 0.00075418 10.3447 -0.000270597
1/7/2017 8088.600098 -0.0219879 10.3475 0.007889738
31/6/2017 8270.450195 0.00813657 10.2665 0.021095242
30/6/2017 8203.700195 -0.0019709 10.0544 0.006496822
29/6/2017 8219.900391 -0.0022576 9.9895 -0.007511103
28/6/2017 8238.5 0.00835962 10.0651 -0.004076665
23/6/2017 8170.200195 0.00361763 10.1063 0.004482567
22/6/2017 8140.75 -0.008024 10.0612 -0.014795883
21/6/2017 8206.599609 0.01205467 10.2123 0.014121012
18/6/2017 8108.850098 -0.0002178 10.0701 -0.001736845
17/6/2017 8110.600098 -0.0072765 10.0856 0.002674302
18/6/2017 8170.049805 -0.0040896 10.0587 0.005327123
17/6/2017 8203.599609 -0.0083948 10.0054 0.013512966
14/6/2017 8273.049805 0.00079836 9.872 -0.003210889
11/6/2017 8266.450195 0.00797464 9.9038 0.011417484
10/6/2017 8201.049805 -0.0024024 9.792 -0.003977174
9/6/2017 8220.799805 0.00022504 9.8311 0.017294847
8/6/2017 8218.950195 0.00476776 9.683 -0.002194903
7/6/2017 8179.950195 0.00243258 9.7043 -0.003368559
4/6/2017 8180.100098 -0.0022498 9.7371 0.003121723
3/6/2017 8178.5 0.00267881 9.7068 -3.09052E-05
2/6/2017 8176.649902 0.01078114 9.7071 -0.005603475
1/6/2017 8069.649902 0.01898194 9.7618 -0.005035062
22/5/2017 7934.899902 0.02400999 9.8112 0.001347214
21/5/2017 7748.850098 0.00230244 9.798 -0.021178821
20/5/2017 7731.049805 -0.0024066 10.01 -0.003801876
19/5/2017 7749.700195 -0.0043297 10.0482 -0.002778825
18/5/2017 7783.399902 -0.0110227 10.0762 0.004776483
17/5/2017 7870.149902 -0.0026107 10.0283 -0.00775723
14/5/2017 7890.75 0.00381843 10.1067 -0.000318521

84
13/5/2017 7860.75 0.00586701 10.1099 -0.009183612
12/5/2017 7814.899902 -0.0108222 10.2034 0.006798559
11/5/2017 7900.399902 0.00656782 10.1345 0.006465132
8/5/2017 7848.850098 -0.004938 10.0694 -0.000407008
7/5/2017 7887.799805 0.00276505 10.0735 -0.001912254
6/5/2017 7866.049805 0.01714624 10.0928 2.9725E-05
5/5/2017 7733.450195 -0.000265 10.0925 -0.003800217
4/5/2017 7735.5 0.00375657 10.131 0.003208366
1/5/2017 7706.549805 -0.0052214 10.0986 -0.008346754
31/4/2017 7747 -0.0075456 10.1836 -0.002253444
30/4/2017 7805.899902 -0.0055925 10.2066 -0.006395841
29/4/2017 7849.799805 0.00032493 10.2723 0.013937282
28/4/2017 7847.25 -0.018623 10.1311 0.018260407
23/4/2017 7979.899902 0.00218636 9.969 0.009938303
22/4/2017 7962.649902 0.01369821 9.8709 0.004487727
21/4/2017 7855.049805 -0.0056018 9.8268 -0.0063702
18/4/2017 7899.299805 -0.0018117 9.8898 -0.009821884
17/4/2017 7912.049805 -0.0003412 9.9879 0.002287985
18/4/2017 7914.75 6.2927E-06 9.9651 0.006809663
17/4/2017 7914.700195 0.00818424 9.8977 0.007399491
14/4/2017 7850.450195 0.01835529 9.825 0.004765606
11/4/2017 7708.950195 0.00489484 9.7784 -0.00653276
10/4/2017 7671.399902 0.0173801 9.8427 0.013029919
9/4/2017 7555.200195 0.00117949 9.7181 0.000473665
8/4/2017 7546.450195 -0.0089174 9.7117 0.000494504
7/4/2017 7614.350098 0.00146647 9.7067 0.007629863
4/4/2017 7603.200195 -0.0200546 9.6332 -0.000311326
3/4/2017 7758.799805 0.00593171 9.6362 0.011271094
2/4/2017 7713.049805 -0.0032759 9.5288 -0.011791748
1/4/2017 7738.399902 0.00041366 9.6425 0.013922041
22/03/2017 7735.200195 0.01819142 9.5101 -0.00356241
21/03/2017 7597 -0.0023769 9.5441 0.004050244

85
20/03/2017 7617.100098 -0.0131407 9.5056 0.00364266
19/03/2017 7718.5 0.0002074 9.4711 -0.014104886
18/03/2017 7714.899902 0.00138234 9.6066 -0.014050393
17/03/2017 7704.25 0.0131372 9.7435 -0.003446795
14/03/2017 7604.350098 0.01221959 9.7772 0.004665118
13/03/2017 7512.549805 0.00184028 9.7318 -0.010835095
12/3/2017 7498.75 0.00511352 9.8384 0.011036892
11/3/2017 7460.600098 -0.0103664 9.731 -0.01328331
8/3/2017 7538.75 0.00380147 9.862 -0.007807175
7/3/2017 7510.200195 0.00321264 9.9396 0.001339875
6/3/2017 7486.149902 -0.006061 9.9263 0.011797452
5/3/2017 7531.799805 0.00621218 9.8125 -0.014690525
4/3/2017 7485.299805 -6.719E-06 9.9588 -0.002813686
1/3/2017 7485.350098 0.00130424 9.9869 0.008482364
31/2/2017 7475.600098 0.01448666 9.9029 0.018818803
30/2/2017 7368.850098 0.02029136 9.7391 0.002749063
29/2/2017 7222.299805 0.03366943 9.7124 -0.01303769
28/2/2017 6987.049805 -0.0060742 9.8407 0.004665646
23/2/2017 7029.75 0.00848563 9.795 0.001175448
22/2/2017 6970.600098 -0.0068531 9.7835 -0.007275347
21/2/2017 7018.700195 -0.0127785 9.8552 0.014024221
18/2/2017 7109.549805 -0.0172782 9.7189 -0.00307727
17/2/2017 7234.549805 0.0033006 9.7489 0.012651785
18/2/2017 7210.75 0.00264192 9.6271 -0.007945013
17/2/2017 7191.75 0.01171842 9.7042 0.010065053
14/2/2017 7108.450195 0.00854117 9.6075 -0.000457766
11/2/2017 7048.25 -0.018013 9.6119 0.001010185
10/2/2017 7182.950195 0.02607095 9.6022 0.002442895
9/2/2017 6980.950195 0.00065938 9.5788 -0.023010077
8/2/2017 6976.350098 -0.0331707 9.8044 0.014528146
7/2/2017 7217.700195 -0.0113042 9.664 0.018624899
4/2/2017 7298.200195 -0.0120545 9.4873 -0.003497679

86
3/2/2017 7387.25 -0.0135998 9.5206 0.010486319
2/2/2017 7489.100098 0.0114938 9.4218 0.011476237
1/2/2017 7404 9.3149
AVERAGE 0.00049793 7.48191E-05
Standed
deviation 0.0093617 0.00751192
BETA -0.012369819
Graphical presentation of HDFC GOLD Fund –Growth)For
the month of January 18
Interpretation:
HDFC GOLD Fund –Growth has been analyzed and it is found that there is a positive
growth. However on the basis of the average returns of HDFC GOLD Fund –Growth
there is a positive growth 7.48191 as against the index average of 0.00751192 the beta
being less than 1 the stock is not highly volatile.
-0.03
-0.025
-0.02
-0.015
-0.01
-0.005
0
0.005
0.01
0.015
0.02
0.025
1
10
19
28
37
46
55
64
73
82
91
100
109
118
127
136
145
154
163
172
181
190
199
208
217
Return
Return

87
The graphical representation of Sharp Index:
Comparative Study of the performance of the Selected HDFC FUNDS
Sharp index and Treynor index are calculated For the month of January 18
Name of the Fund
Return
(Rm) Risk(stddev) Beta (β) Rf
Sharp's Treynor
(Rm-Rf)/σ (Rm-Rf)/β
HDFC INCOME Fund-
Growth 0.000621058 0.00268549 0.006111 0.0002 -0.07385321 -0.03210874
HDFC GROWTH FUND
GROWTH 0.00081755 0.01023656 0.507381 0.0002 -0.01872226 0.000421369
HDFC LIQUID FUND
GROWTH 0.000291352 0.00019376 0.000186 0.0002 -1.03191109 -1.20463566
HDFC GOLD Fund –
Growth 7.48191 0.00751192 -0.01237 0.0002 7.455285649 7.498078386

88
Interpretation:
 From the above table and graph we can know that HDFC GOLD Fund-
Growth and are giving good returns and they are in first position,
 And the second position is HDFC GROWTH FUND GROWTH
The graphical representation of TREYNER Index:
-2
-1
0
1
2
3
4
5
6
7
8
0 1 2 3 4 5
Sharp's (Rm-Rf)/σ
Sharp's (Rm-Rf)/σ

89
Interpretation:
 From the above table and graph we can know HDFC GOLD Fund- Growth
is performing well and it is in first position
 And the second position is HDFC GROWTH FUND GROWTH
 The general trend in the reduction of the market price for various awerness
Awerness Mutual Funds studied is not encouraging the stock market index
has also been falling continuously because of general economic slowdown
however the funds are ranked considering sharp and trenyors in the order of
performances
-2
0
2
4
6
8
0 1 2 3 4 5
Treynor (Rm-Rf)/β
Treynor (Rm-Rf)/β

90
CHAPTER-VI
 FINDINGS
 CONCLUSIONS
 SUGGESSIONS
 BIBLIOGRAPHY

91
FINDINGS
SHARPE'S: according to Sharpe execution measure, a high Sharpe proportion is best
as it shows an unrivaled hazard balanced execution of a reserve. From the above table
HDFC LIQUID FUND GROWTH and HDFC INCOME Fund-Growth demonstrate a
superior hazard balanced execution out of top4 AMC'S.
TREYNOR's: according to TREYNOR'S proportion the Treynor's reward to
unpredictability - having high positive list is good. Along these lines, according to this
proportion likewise HDFC INCOME Fund-Growth is ideal.

92
CONCLUSIONS
• From the investigation examination led plainly in EQUITY FUNDS - HDFC
INCOME Fund-Growth is performing great.
• Investing in HDFC LIQUID FUND GROWTH will prompts benefits.
• By seeing the general execution HDFC MUTUAL FUND is performing great.
• The imminent speculators are should have been made mindful of the interest
in awareness Mutual Funds .
• The Industry should keep consistency and straightforwardness in its
administration and financial specialists targets.
• Mutual assets can likewise perctrate in to provincial zones.

93
SUGGESTIONS TO INVESTORS:
Contributing Checklist
• Financial goals and Time plot
(It is protected to state that you are contributing for retirement? A tyke's guidance? Or
then again for current pay? )
Peril Taking Capacity
Perceive saves that fall into your Buy List
Obtain and read the offer
Documents arrange your objectives
• In terms of significant worth offer and bond weightings, disadvantage
possibility
• protection, tax reductions offered, benefit payout procedure, territory focus
• Performance of various resources with similar objectives for something like 3-
5 years
• Think hard about placing assets into part resources For reasonably strong
budgetary authorities
• Close contact with headways in region, review portfolio regularly – Look for
'load' costs
• Management charges, yearly expenses of the hold and arrangements loads
• Look for size and accreditations
• Asset gauge not as much as Rs. 25 Crores
• Diversify, yet not too much
• Invest routinely, pick the S-I-P
• MF-a fundamental bit of your save assets and wealth building plans.
Portfolio Decision
The right asset portion
i. Age = % owing account holders instruments
ii. Reality= differing cash related position, unmistakable distribution

94
iii. Younger= Riskier
2. Selecting the right store/s
i. Based on plan's hypothesis sanity
ii. Long-term, longing for peril, beat inflation– esteem underpins best
3. TRAPS TO AVOID
4. IPO Blur
5. Begin with existing plans (exhibited notoriety) and after that new
6. schemes
i. Avoid Market Timing
7. MF Comparison
8. Absolute returns
9. – % Difference of NAV
i. Diversified Equity with Sector Funds– NO
10. Benchmark returns
i. SEBI facilitates
ii. Fund's benefits appeared differently in relation to its benchmark
11. Time period – Equal to time for which you mean to contribute
i. Equity-dissect for quite a while, Debt-for a half year
12. Market conditions
i. Proved its coarseness in bear publicize
Proposition and Suggestions to AMCS:

95
1) Brand building:
Brand building is a movement, which every business try will have. Brand is the soul of
an establishment; it makes due on it, lives with it and acknowledges it. Point of
reference: LIC Nomura Balanced - Growth has a brand, each bank, protection offices;
shared save associations have their own brands.
2) Strength full Strategies:
Each AMC should endeavor to change into an inexorably current, a continuously
vivacious, an undeniably direct and managerial complia8nce establishment. It is in
light of this, every establishment should endeavor to consider verity of different sort
of things to fill unmistakable theory objectives
3) Marketing gadgets for hard and fast quality achievement:
a) Large Network.
b) Effective Man control
c) Distribution over the Market
d) Customer relations(Building better associations)
e) Value included organization
f) Better straightforwardness level
g) Building brand name as a prepared player.
4) Innovation:
MF industry can be arranged merely into three classes like value, obligation and
adjusted. What's more, there is additionally completive in nature. Reserve
administrators are not ready to achieve specialty advertise. The items are should be
inventive that can meet specialty advertise. Here MF ought to pursue the FMCG
business inventive procedure.
The Ground principles of Mutual Fund Investing
Survey yourself
Attempt to comprehend where the cash is going
1) Don't surge in picking reserves, think first
2) Invest. Try not to hypothesize

96
3) Don't put all the investments tied up on one place
4) Be normal
5) Do your homework
6) Find the correct assets
7) Keep track of your speculations
8) Know when to sell your awareness Mutual Funds

97
BIBILIOGRAPHY
I. WEB SITES
www.hdfcamc.com
www.amfiindia.com
www.bseindia.com
www.nseinda.com
www.bluechipinda.co.in
II. MAGAZINES
Business India
Business World
III. NEWS PAPERS
Economic Times
Business Standard.

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