comparison of three mutual funds

1. Work Shop II
Ayan, Dipanjan, Harshal, Mitaali, Namrata, Rahul, Pramod

2. Comparative Analysis of Mutual Funds
▪ Franklin India Blue Chip
▪ ICICI Prudential Focused Blue Chip Equity Regular
▪ Axis Equity Mutual Fund

3. Objectives
▪ Comparative Analysis – OnThe Basis Of Risk Adjusted Return.
▪ Comparison OnThe Basis Of Fund Manager Performance
▪ Recommendations As Per Risk Profile
– Aggressive RiskTaker
– Moderate RiskTaker
– RiskAverse
▪ Most Appropriate Fund As Per Current Market Scenario

4. 1.Franklin India Blue Chip

5. ▪ AMC- FranklinTempleton Assets Management India Pvt Ltd
▪ Open-ended And Equity : Large Cap
▪ Launch – November 1993
▪ Benchmark – S&P BSE Sensex
▪ Value Research Rating - ***(3 Star)
▪ NAV- Rs.297.84
▪ Net Assets – Rs.5038.8 Crore
▪ Exit Load – 1% for redemption within 365 days
Franklin Fund-Card

6. Portfolio Characteristics
▪ Total Stocks – 42
▪ Standard Deviation – 16.67
▪ Sharpe Ratio - 0.32
▪ Beta – 0.90
▪ R-Squared – 0.95
▪ Jensen’s Alpha – 0.95

7. Portfolio Composition [%]

8. 2.ICICI Prudential Blue-Chip Equity

9. ▪ AMC- ICICI Prudential Assets Management Ltd
▪ Open-ended And Equity : Large Cap
▪ Launch – May 2008
▪ Benchmark – S&P CNX Nifty
▪ Value Research Rating - ***** (5 Star)
▪ NAV- Rs.27.07
▪ Net Assets – Rs.5884.5 Crore
▪ Exit Load – 1% for redemption within 365 days
ICICI Prudential Fund-Card

10. Portfolio Characteristics
▪ Total Stocks – 48
▪ Standard Deviation – 16.51
▪ Sharpe Ratio - 0.56
▪ Beta – 0.90
▪ R-Squared – 0.96
▪ Jensen’s Alpha – 5.02

11. Portfolio Composition [%]

12. 3. Axis Equity Mutual Fund

13. ▪ AMC- Axis Assets Management Company
▪ Open-ended And Equity: Large Cap
▪ Launch – December 2009
▪ Benchmark – CNX Nifty
▪ Value Research Rating - ***** (5 Star)
▪ NAV- Rs.17.04
▪ Net Assets – Rs.812.0 Crore
▪ Exit Load – 1% for redemption within 365 days
Axis Mutual Fund-card

14. Portfolio Characteristics
▪ Total Securities– 49
▪ Standard Deviation – 16.54
▪ Sharpe Ratio - 0.57
▪ Beta – 0.89
▪ R-Squared – 0.95
▪ Jensen’s Alpha – 5.22

15. Portfolio Composition [%]

16.  Comparative Analysis of Funds
Franklin India
Blue Chip
ICICI Prudential
Blue Chip
Axis Equity Fund
Sharpe Ratio 0.32 0.56 0.57
Standard
Deviations
16.67 16.51 16.54
R-Squared 0.95 0.96 0.95
Jenson’s Alpha 0.95 5.02 5.22
Beta 0.90 0.90 0.89

17.  Fund Managers Comparison
▪ Franklin India Blue-Chip
▪ Anand Radhkrishnan
– Jensen'sAlpha – 0.95
– Beta – 0.90
– 1 years return – 17.02%
– 3 years return – 6.10%
– 5 years return – 18.80 %
– Rating – 3 Stars
– Rank - 141/148
▪ ICICI Prudential Blue-Chip
▪ Manish Gunwani
– Jensen’sAlpha – 5.02
– Beta - 0.90
– 1 years return – 25.7%
– 3 years return – 16.23
– 5 years return – 21.72
– Rating – 5 Star
– Rank - 12/148
▪ Axis Equity Fund
▪ Pankaj Murarkar
– Jensen’sAlpha – 5.22
– Beta - 0.86
– 1 years return – 21.7%
– 3 years return – 19.97%
– 5 year Return – NIL
– Rating – 5 Start
– Rank – 82/148

18.  Risk Profile
Aggressive RiskTaker
• Franklin India Blue Chip
• ICICI Prudential
• Axis Fund
Moderate RiskTaker
• ICICI Prudential Balanced Fund
• 61 % In Equity – 39 % In Debt
Risk Averse
• IDFC G-Sec Fund – Investment Plan
– 96.19 % In G-Sec

19.  Best Fund As Per Given Market Scenario
▪ ICICI Prudential Blue-Chip
▪ Manish Gunwani
– Jensen’sAlpha – 5.02
– Beta - 0.90
– 1 years return – 25.7%
– 3 years return – 16.23
– 5 years return – 21.72
– Rating – 5 Star
– Rank - 12/148