A PROJECT REPORT

ON
PORTFOLIO MANAGEMENT AND ANALYSIS ON MUTUAL
FUNDS

(As a partial fulfilment for the requirement in project as a part of MBA)

TO

GURU GOBIND SINGH INDRAPRASTHA UNIVERSITY, DELHI

ACADEMIC SESSION

(2017-2019)

Submitted To: Submitted By:

Dr.Mandeep Kaur Dheeraj Dawar

(Associate Professor) Roll No.01815103917

Management Education & Research Institute

53-54, Institutional Area, Janakpuri, New Delhi

1
 ACKNOWLEDGEMENT

I offer my sincere thanks and humble regard to Management Education and Research
Institute, GGSIP University , New Delhi for imparting us very valuable professional training
in MBA.

I pay my sincere regard to “Dr.Mandeep Kaur “my project guide for giving me the cream of
his knowledge. I am thankful to him as he has been a constant source of advice, motivation
and inspiration. I am also thankful to him for giving his suggestion and encouragement
throughout the project work.

I take the opportunity to express my gratitude and thanks to our computer Lab staff and
library staff for providing me opportunity to utilize their resource for completion of the
project.

2
 CONTENTS

S.NO. TOPIC PAGE NO.

1. INTRODUCTION 4-12

2. COMPANIES PROFILE 13-18

4. RESEARCH 19-23
METHODOLOGY

5. DATA ANALYSIS & 24-26

INTERPRETATION

6. FINDINGS & 27-30

SUGGESTIONS

7. RECOMENDATIONS & 31-32

SUGGESTIONS

8. ANNEXURE A 33-38

9. ANNEXURE B 39-44

10. ANNEXURE C 46-52

11. BIBLIOGRAPHY 53

3
CHAPTER-1
INTRODUCTION

4
INVESTMENT

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

Reason Of Investment

One of the important reasons why one needs to invest wisely is to meet the cost of inflation.
Inflation is the rate at which the cost of living increases. The cost of living is simply what it
costs to buy the goods and services you need to live. Inflation causes money to lose value
because it will not buy the same amount of a good or a service in the future as it does now or
did in the past. For example, if there was a 6% inflation rate for the next 20 years, a Rs. 100
purchase today would cost Rs. 321 in 20 years. This is why it is important to consider
inflation as a factor in any long-term investment strategy. Remember to look at an
investment’s ‘real’ rate of return, which is the return after inflation. The aim of investments
should be to provide a return above the inflation rate to ensure that the investment does not
Decrease in value. For example, if the annual interest rate is 6%, then the investment will
need to earn more than 6% to ensure it increases in value. If the after-tax return on your
investment is less than the inflation rate, then your assets have actually decreased in value
that is, they won’t buy as much today as they did last year.

INTEREST

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

5
 Types of investment
1. Short Term Financial Investment:
 Saving Bank Account-it is often the first banking product people use, which
offers low interest (4%-5% p.a.), making them only marginally better than fixed
deposits.
 Money Market Funds-These are a specialized form of mutual funds that
invest in extremely short-term fixed income instruments and thereby provide easy
liquidity. Unlike most mutual funds, money market funds are primarily oriented
towards protecting your capital and then, aim to maximise returns. Money market
funds usually yield better returns than savings accounts, but lower than bank
fixed deposits.

2. Long Term Financial Investment:

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

6
 Public Provident Fund: A long term savings instrument with a maturity of 17
years and interest payable at 8% per annum compounded annually. A PPF account
can be opened through a nationalized bank at anytime during the year and is open all
through the year for depositing money. Tax benefits can be availed for the amount
invested and interest accrued is tax-free. A withdrawal is permissible every year
from the seventh financial year of the date of opening of the account and the amount
of withdrawal will be limited to 50% of the balance at credit at the end of the 4th
year immediately preceding the year in which the amount is withdrawn or at the end
of the preceding year whichever is lower the amount of loan if any.

 Bonds: It is a fixed income (debt) instrument issued for a period of more than one
year with the purpose of raising capital. The central or state government,
corporations and similar institutions sell bonds. A bond is generally a promise to
repay the principal along with a fixed rate of interest on a specified date, called the
Maturity Date.

 Mutual Funds: These are funds operated by an investment company which

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

7
MUTUAL FUNDS
A Mutual Fund is a body corporate that pools the savings of a number of investors and
invests the same in a variety of different financial instruments, or securities. The income
earned through these investments and the capital appreciations realized by the scheme are
shared by its unit holders in proportion to the number of units owned by them. Mutual funds
can thus be considered as financial intermediaries in the investment business that collect
funds from the public and invest on behalf of the investors. The losses and gains accrue to the
investors only. The Investment objectives outlined by a Mutual Fund in its prospectus are
binding on the Mutual Fund scheme. The investment objectives specify the class of securities
a Mutual Fund can invest in. Mutual Funds invest in various asset classes like equity, bonds,
debentures, commercial paper and government securities.

Mutual funds are commonly categorized by their general investment objectives. Equity funds
consist mainly of common stocks and are organized primarily to achieve capital appreciation,
or growth, rather than periodic distribution of income. Bond funds, on the other hand, are
composed predominantly of corporate, Government, or municipal bonds and emphasize
regular income rather than growth. Income funds have the same objective as bond funds but
include Government National Mortgage Association securities, Government securities, and
common and preferred stocks as well as bonds. Money market mutual funds consist of short-
term instruments, such as Government securities, bank CDs, and commercial paper. Short-
term municipal bond funds are composed predominantly of tax-exempt, short-term municipal
securities.

8
 Types of mutual funds
Mutual Fund schemes may be classified on the basis of its structure and its investments.

1. Open end funds:

 Available for sale and repurchase at all times based on the net asset values
 Unit capital of the fund is not fixed
 Fund size and its total investment go up if more new subscriptions come in than
redemptions and vice versa.

2. CLOSE END FUNDS:

 One time sale of fixed number of units.

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

3. INTERVAL FUNDS:
Interval funds combine the features of open-ended and close-ended schemes. They are
open for sale or redemption during pre-determined intervals at NAV related prices.

9
 PORTFOLIO MANAGEMENT

People have different investment objective and risk appetite so to get the highest returns asset
allocation through active portfolio management is the key element.

Asset allocation is a method that determines how you divide your portfolio among different
investment instruments and provides you with the proper blend of various asset classes.

It is based on the theory that the type or class of security you own equity, debt or money
market- is more important than the particular security itself. In other words asset allocation is
way to control risk in your portfolio. Different asset class will react differently to market
conditions like inflation, rising or falling interest rates or a market segment coming into or
falling out of favour.

Asset allocation is different from simple diversification. Suppose you diversify your equity
portfolio by investing in five or ten equity funds. You really have not done much to control
risk in your portfolio if all these funds come from only one particular segment of the market
say large cap stocks or mid cap stocks. In case of an adverse reaction for that segment, all the
funds will react similarly means they will go down. If you build your portfolio with various
top performing growth funds without really bothering to analyze their portfolio allocation,
you may end up with over-exposure to a particular segment. Another point you need to
remember is that growth funds are highly correlated- they tend to move in the same direction
in response to a given market force. The advantage of asset allocation lies in achieves
superior returns when markets are down while minimizing the exposure of the portfolio to
volatility. In fact, asset allocation is based on certain dimensions that, when combined tend to
control the volatility while achieving targeted returns.

10
 NET ASSET VALUE (NAV)
The net asset value of the fund is the cumulative market value of the assets fund net of its
liabilities. In other words, if the fund is dissolved or liquidated, by selling off all the assets in
the fund, this is the amount that the shareholders would collectively own. This gives rise to
the concept of net asset value per unit, which is the value, represented by the ownership of
one unit in the fund. It is calculated simply by dividing the net asset value of the fund by the
number of units. However, most people refer loosely to the NAV per unit as NAV, ignoring
the "per unit". We also abide by the same convention.

CALCULATION OF NET ASSET VALUE (NAV)

The most important part of the calculation is the valuation of the assets owned by the fund.
Once it is calculated, the NAV is simply the net value of assets divided by the number of
units outstanding. The detailed methodology for the calculation of the asset value is given
below.

Asset value is equal to

Sum of market value of shares/debentures

+ Liquid assets/cash held, if any

+ Dividends/interest accrued

Amount due on unpaid assets

Expenses accrued but not paid

Details on the above items

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

11
Sharpe ratio

The Sharpe ratio is a risk-adjusted measure of return that is often used to evaluate the
performance of a portfolio. The ratio helps to make the performance of one portfolio
comparable to that of another portfolio by making an adjustment for risk.

For example, if manager A generates a return of 17% while manager B generates a return of
12%, it would appear that manager A is a better performer. However, if manager A, who
produced the 17% return, took much larger risks than manager B, it may actually be the case
that manager B has a better risk-adjusted return.

To continue with the example, say that the risk free-rate is 5%, and manager A's portfolio has
a standard deviation of 8%, while manager B's portfolio has a standard deviation of 5%. The
Sharpe ratio for manager A would be 1.25 while manager B's ratio would be 1.4, which is
better than manager A. Based on these calculations, manager B was able to generate a higher
return on a risk-adjusted basis.

To give you some insight, a ratio of 1 or better is considered good, 2 and better is very good,
and 3 and better is considered excellent.

Risk Free Rate Of Return

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

12
 CHAPTER-2

COMPANIES PROFILE

13
BLUECHIP MUTUAL FUNDS
A blue-chip stock is the stock of a large, well-established and financially sound company that
has operated for many years. A blue-chip stock typically has a market capitalization in the
billions, is generally the market leader or among the top three companies in its sector, and is
more often than not a household name. While dividend payments are not absolutely necessary
for a stock to be considered a blue-chip, most blue-chips have a record of paying stable or
rising dividends for years, if not decades. The term is believed to have been derived from
poker, where blue chips are the most expensive chips.

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

1. Franklin Templeton India Blue chip Fund

2. India bulls Blue-chip Fund(G)
3. SBI Blue Chip Fund

14
 Franklin India blue chip fund

Indian equity markets, which began the month on positive note with 1QFY16 results showing
some encouraging trend of improving margins and the government reforms in PSU banks
space, started sliding towards the later part of month primarily due to concerns on Chinese
Yuan devaluation which led to volatility in global markets. As a result, the benchmark indices
closed the markets in red, recording losses of over 6%. Among sectorial indices, healthcare
was the only index which closed the month in green led by weak rupee and series of
approvals as compared to the sluggish pace in FY17. Meanwhile, metals, power and capital
goods sectors were among the bottom performers. Weakness in global commodity prices and
persistent fear regarding slowdown in China, weighed on the performance of metals and
power sector.
MACRO & POLICY
Among the macroeconomic indicators, while India Index of Industrial Production (IIP) for
June and inflation for July showed positive trends, trade deficit broadened and GDP for
1QFY16 came slightly below market expectations. Meanwhile, on the issue regarding
Minimum Alternate Tax (MAT), certain media reports indicated Shah Panel recommending
MAT relief to FIIs prior to 1 Apr, 2016 however; the government decision on the same is still
pending. India’s IIP growth for June came at 3.8%YoY, indicating a continued recovery in
industrial production. While manufacturing sector (with biggest weight in the index)
accelerated and grew at 4.6%YoY, electricity showed a slower growth at 1.3%YoY and
mining contracted by 0.3%YoY. Cumulative growth for Apr'17-Jun'17 came in at 3.2%
compared to 4.5% growth in the corresponding period last year. India’s trade deficit widened
in July despite decrease in crude oil prices and stood at $12.8 bn vs. $10.8 bn in June,
primarily due to relatively higher imports and pick up in gold imports. While total imports
continued to contract 10.28%YoY and stood at $35.95 bn, exports also declined by
10.30%YoY and stood at $23.16 bn. However, in absolute terms the trade deficit for Apr '17
–Jun'17 (estimated at $45.04 bn) is lower than the same period last year (at$47.55 bn).
Data released after the end of month, showed India's Gross Domestic Product (GDP) growth
for 1QFY16 at 7.0%Y, which was slightly below market expectations. However, gross value
added (GVA), which is a more robust calculation, increased at a better-than-expected pace,
and was also higher than its growth in the previous quarter. On a seasonally adjusted basis,
the sequential momentum in GVA was the highest seen so far in the new GDP series.

15
Fact List of Franklin India Blue Chip Fund

16
 SBI BLUECHIP MUTUAL FUND

Domestic cues included strong earnings from few index majors, policy regarding capital
infusion in public-sector banks and Cabinet's approval of amendments to the Goods and
Services Tax (GST) Bill. Another trigger was the setting up of a Rs.20,000 crore National
Investment and Infrastructure Fund and a composite cap for Foreign Portfolio Investment
(FPI) and Foreign Direct Investment (FDI), replacing them with a single upper limit in a bid
to make foreign investments easier.

On the international front, investors cheered the outcome of the United States Federal
Reserve meeting after it kept interest rates unchanged, modestly upgraded the US economic
outlook and reiterated that rate hike decision will be dependent on economic data. Greece's
agreement about a bailout deal with its creditor followed by the news that the Greek
Parliament approved the austerity measures to secure the deal also aided the market rise.
Further gains were seen with some recovery in Chinese equities and Iran's agreement with the
world powers on its nuclear deal also supported the market.

Mutual Funds continued to ride the growth of the markets and have pumped in a little over
Rs. 4300 crores in the equity markets; the 17th consecutive month that asset managers have
invested in equities. The momentum will only continue with Employees' Provident Fund
Organisation (EPFO) choosing to invest in Exchange Traded Funds (ETFs). This move will
lead to a sustained flow of domestic savings into equity markets which will provide stability
and reduce vulnerabilities to international events and global markets. SBI-ETF NIFTY and
SBI SENSEX ETF have been the two chosen schemes into which the investments will be
made. It is with both great pride and humility that we accept this honour.

17
FACT LIST OF SBI BLUECHIP MUTUAL FUND

18
 CHAPTER-3

RESEARCH METHODOLOGY

19
Research Design

Setting the Objective viz. the variables

to study

Collection of the relevant data for study

Determining Risk and Return Trade off

Sharpe Ratio

Comparative Analysis of Mutual Fund

Draw Conclusion

20
Research Objective

The main objective of this study is to doing a technical analysis of Mutual Fund portfolio by
taking sample of funds and comparing it with it others

 To promote investment cult among Indian investors.

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

Collection of data
For the complete study, I collected NAV information of Mutual Fund from the secondary
data base.

Secondary form of data is used for the technical research. Data for the study has been taken
from Technical Trends database. The closing price of mutual fund NAV was selected for
calculating the arithmetic return of the respective mutual funds.

Time Frame of the Study

A time frame of 1 year is considered for calculating the arithmetic return of the mutual funds
on daily basis.

NAV closing price from 1st August 2016 to 1st August 2016 is considered for the
calculation.

Variables Studied
Risk is defined as the chance that an investment's actual return will be different than
expected. Risk includes the possibility of losing some or the entire original
investment. Different versions of risk are usually measured by calculating the standard
deviation of the historical returns or average returns of a specific investment. Standard
deviation is used as a measure of risk. High standard deviations indicate a high degree of risk.

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

Arithmetic return is considered for calculating the return of a security.

21
Mutual Fund Studied
I choose below mentioned three blue-chip mutual funds for my research project:-

1. Franklin Templeton India Blue chip Fund

2. India bulls Blue-chip Fund(G)
3. SBI Blue Chip Fund

Procedural steps to be followed for the present study

1) First and foremost step is to calculate arithmetic daily returns from the given closing value
of NAV of the 3 mentioned mutual funds.

Returns are calculated as current day's closing NAV over previous month's closing NAV.

Mathematically,

Return (Rp) = (NAV t – NAV t-1)

NAV t-1

Where,

NAV t: Closing NAV of current day

NAV t-1: Closing NAV of Previous day

2) Average of arithmetic return is calculated

Mathematically,

Average Return= R1 + R2 + +….. Rn

3) Standard Deviation of return is calculated

Mathematically,

22
4) Evaluation of Mutual Fund

 Sharpe Ratio is calculated :-

Sharpe Ratio= (Rp – Rf) / sd

 Rp: Portfolio return.

Rf: Risk free asset return.

Sd: standard deviation of portfolio

5) Comparative Analysis of Mutual Fund

Limitations

 It is based on Secondary Data.

 Time Constraint

 Lack of resources

23
 CHAPTER-4
DATA
INTERPRETATION

24
Portfolio Risk-Return Analysis of mutual funds

1. Franklin Templeton blue chip fund

Risk and Return Trade-off

Daily Monthly Yearly

Portfolio Return (Rp) 0.09% 2.58% 31.34%

Portfolio Risk (S.d) 0.80% 3.66% 4.48%

2. Sbi blue chip mutual fund

Risk and Return Trade-off

Daily Monthly Yearly

Portfolio Return (Rp) 0.11% 3.37% 40.95%

Portfolio Risk (Sd) 0.83% 2.69% 4.87%

3. India bulls blue chip fund

Risk and Return Trade-off

Daily Monthly Yearly

Portfolio Return (Rp) 0.09% 2.66% 32.36%

Portfolio Risk (S.d) 1.00% 4.41% 8.95%

25
SHARPE RATIO OF MUTUAL FUNDS

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

Annual return = 8.5%

Daily return = 8.50/365=0.02%

Sharpe Ratio is calculated

Sharpe Ratio= (Rp – Rf) / sd

Rp: Portfolio return.

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

1. FRANKLIN TEMPOLETON BLUE CHIP MUTUAL FUND

Sharpe Ratio : 0.08

2. Sbi blue chip mutual fund

Sharpe Ratio : 0.10

3. India bulls blue chip fund

Sharpe Ratio : 0.06

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

26
 CHAPTER-5
FINDINGS AND
CONCLUSION

27
Comparative analysis of mutual funds
We have compared all the 3 mutual funds on the basis of risk, return and Sharpe ratio. The
details of which we are presenting form of tables shown below:

COMPARITIVE ANALYSIS OF MUTUAL FUND

Indicators Franklin Templeton SBI India bulls
Portfolio Return (Rp)Daily 0.09% 0.11% 0.09%
Portfolio Risk (S.d) Daily 0.80% 0.83% 1.00%
Sharpe Ratio 0.08 0.1077 0.065124381

RANKING OF MUTUAL FUNDS

ON THE BASIS OF RETURN

MUTUAL FUND RANK

Franklin Templeton 2

SBI 1

India bulls 3

ON THE BASIS OF RISK

MUTUAL FUND RANK

Franklin Templeton 1

SBI 2

Indiabulls 3

28
 ON THE BASIS OF SHARPE RATIO

MUTUAL FUND RANK

Franklin Templeton 2

SBI 1

Indiabulls 3

29
 CONCLUSION

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

Some basi things whih a onsumer has to onsider when they are buying a mutual fund:-

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

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

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

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

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

30
 CHAPTER-6
RECOMMENDATION
AND SUGESSION

31
Portfolio management is the art and science of making decisions about
investment mix and policy, matching investments to objectives, asset allocation
for individuals and institutions, and balancing risk against Performance.
Portfolio management is all about strengths, weaknesses, opportunities and
threats in the choice of debt vs. equity, domestic vs. international, growth vs.
safety, and many other tradeoffs encountered in the attempt to maximize return
at a given appetite for risk.

The main advantages of portfolio management

 Choice of Schemes: There are various schemes with different investment themes.
Through each scheme an investor has an opportunity to invest in a wide range of
investable securities.

 Technical Analysis: Investor should perform technical analysis before investing

in mutual funds.

 Professional Management: Professionally managed by team of experts.

 Diversification: Scope for better diversification of investment since mutual fund

assets are invested across a wide range of securities.

 Liquidity: Easy entry and exit of investment: investors can with ease buy units
from mutual funds or redeem their units at the net asset value either directly with the
mutual fund or through an advisor / stock broker.

 Transparency: The asset management team has to on a regular basis publish the
NAV of the assets and broad break-up of the instruments where the investment is
made

 Tax benefits: Dividends received on investments held in certain schemes, such as

equity based mutual funds, are not subject to tax.

32
ANNEXURES A

33
Annexure A- Daily returns of Franklin Templeton Mutual Fund

Data NAV (INR) Return

04/08/2016 300.6862 0.009125
05/08/2016 302.8105 0.007065
06/08/2016 300.9475 -0.00617
07/08/2016 299.0584 -0.00628
08/08/2016 296.1635 -0.00975
11/08/2016 298.1656 0.006862
12/08/2016 301.0003 0.009473
13/08/2016 300.0186 -0.00326
16/08/2016 301.9980 0.006598
16/08/2016 301.9980 0
18/08/2016 306.4700 0.016808
19/08/2016 309.1620 0.008816
20/08/2016 309.6731 0.001621
21/08/2016 310.0813 0.001318
22/08/2016 310.8899 0.002608
25/08/2016 310.1018 -0.00253
26/08/2016 308.7953 -0.00421
27/08/2016 310.7548 0.006346
28/08/2016 311.5169 0.002456
28/08/2016 311.5169 0
01/09/2016 317.8978 0.01606
02/09/2016 318.5649 0.008443
03/09/2016 320.6638 0.006589
04/09/2016 320.3116 -0.0011
05/09/2016 319.9365 -0.00116
08/09/2016 323.6472 0.011798
09/09/2016 323.1887 -0.00162
10/09/2016 321.4395 -0.00541
11/09/2016 321.1808 -0.0008
12/09/2016 322.0071 0.002573
17/09/2016 320.0063 -0.00621
16/09/2016 317.6240 -0.01369
16/09/2016 316.1179 0.004727
18/09/2016 322.1678 0.017931
19/09/2016 321.8588 -0.00096
22/09/2016 322.1645 0.000888
23/09/2016 316.4817 -0.01647
24/09/2016 316.2092 -0.00401
25/09/2016 312.5720 -0.0117
26/09/2016 317.5640 0.009572
29/09/2016 316.7162 -0.00269
30/09/2016 316.2892 -0.00136
01/10/2016 316.3538 0.000206
01/10/2016 316.3538 0
07/10/2016 311.4018 -0.00939
08/10/2016 310.9780 -0.00136
09/10/2016 317.4744 0.016459
10/10/2016 312.8196 -0.00842
13/10/2016 313.8940 0.003435
16/10/2016 316.2592 0.001163
16/10/2016 316.2592 0
16/10/2016 310.2931 -0.01262

34
16/10/2016 313.5179 0.010386
20/10/2016 316.2648 0.011958
21/10/2016 318.8298 0.004933
22/10/2016 321.7016 0.009007
22/10/2016 321.7016 0
27/10/2016 323.0160 0.00409
28/10/2016 323.0702 0.000165
29/10/2016 324.6907 0.005016
30/10/2016 327.6949 0.009252
31/10/2016 332.4481 0.016505
03/11/2016 332.1701 -0.0009
03/11/2016 332.1701 0
05/11/2016 332.9222 0.002325
05/11/2016 332.9222 0
07/11/2016 336.0400 0.009365
10/11/2016 335.8767 -0.00049
11/11/2016 337.2409 0.004062
12/11/2016 338.2316 0.002937
13/11/2016 337.7617 -0.00139
16/11/2016 338.6691 0.002687
16/11/2016 339.1282 0.001356
18/11/2016 339.9094 0.002304
19/11/2016 338.9802 -0.00273
20/11/2016 338.4857 -0.00166
21/11/2016 341.2365 0.008127
24/11/2016 342.9535 0.005032
25/11/2016 340.8124 -0.00624
26/11/2016 340.6877 -0.00037
27/11/2016 341.6311 0.002769
28/11/2016 345.8127 0.01224
01/12/2016 346.1272 0.000909
02/12/2016 345.3432 -0.00227
03/12/2016 346.5429 0.003474
04/12/2016 346.6035 0.000165
05/12/2016 344.8535 -0.00505
08/12/2016 340.4816 -0.01268
09/12/2016 336.4986 -0.0116
10/12/2016 337.4752 0.002902
11/12/2016 334.6377 -0.00841
12/12/2016 333.0722 -0.00468
17/12/2016 333.1616 0.000268
16/12/2016 328.3768 -0.01636
16/12/2016 326.8017 -0.0048
18/12/2016 332.0809 0.016175
19/12/2016 334.5923 0.007563
22/12/2016 337.7396 0.009406
23/12/2016 336.5087 -0.00364
24/12/2016 334.5041 -0.00596
24/12/2016 334.5041 0
26/12/2016 335.5013 0.002981
29/12/2016 336.2072 0.002104
30/12/2016 336.9463 0.002198
31/12/2016 338.0004 0.003128
01/01/2016 338.8197 0.002424
02/01/2016 342.8910 0.012016
05/01/2016 342.3412 -0.0016
06/01/2016 334.5547 -0.02274
07/01/2016 333.1971 -0.00406

35
08/01/2016 338.0661 0.016613
09/01/2016 339.9065 0.005444
12/01/2016 341.2684 0.004007
13/01/2016 341.5305 0.000768
16/01/2016 341.2738 -0.00075
17/01/2016 347.6616 0.018718
16/01/2016 347.7465 0.000244
19/01/2016 350.7499 0.008637
20/01/2016 354.5486 0.01083
21/01/2016 357.0416 0.007031
22/01/2016 358.6240 0.004432
23/01/2016 362.0413 0.009529
23/01/2016 362.0413 0
27/01/2016 363.7343 0.004676
28/01/2016 362.5284 -0.00332
29/01/2016 363.8665 0.003691
30/01/2016 359.6098 -0.0116
02/02/2016 357.4161 -0.0061
03/02/2016 354.7482 -0.00746
04/02/2016 354.1681 -0.00169
05/02/2016 354.7655 0.001643
06/02/2016 351.8062 -0.00834
09/02/2016 347.6798 -0.01163
10/02/2016 350.4234 0.007891
11/02/2016 353.2740 0.008135
12/02/2016 356.5369 0.009236
13/02/2016 359.6186 0.008643
16/02/2016 358.4456 -0.00326
16/02/2016 358.4456 0
18/02/2016 360.0018 0.004342
19/02/2016 360.5956 0.001649
20/02/2016 358.8105 -0.00495
23/02/2016 356.6096 -0.00613
24/02/2016 356.0313 -0.00162
25/02/2016 355.6650 -0.00103
26/02/2016 352.2813 -0.00951
27/02/2016 358.5782 0.016875
02/03/2016 367.2859 0.024284
03/03/2016 368.3926 0.003013
04/03/2016 365.1986 -0.00867
05/03/2016 365.1207 -0.00021
05/03/2016 365.1207 0
09/03/2016 358.1654 -0.0191
10/03/2016 358.8938 0.00209
11/03/2016 358.9120 5.07E-05
12/03/2016 361.7047 0.007781
13/03/2016 357.3064 -0.01216
16/03/2016 357.0913 -0.0006
16/03/2016 360.9525 0.010813
18/03/2016 359.7816 -0.00324
19/03/2016 357.3258 -0.00683
20/03/2016 355.8004 -0.00427
23/03/2016 355.1636 -0.00185
24/03/2016 355.2189 0.000212
25/03/2016 354.4881 -0.00206
26/03/2016 349.3455 -0.01651
27/03/2016 349.8065 0.00132
30/03/2016 355.0184 0.016899

36
31/03/2016 355.4964 0.001346
01/04/2016 359.2310 0.010505
06/04/2016 360.6349 0.003908
07/04/2016 361.1187 0.001342
08/04/2016 363.7183 0.007199
09/04/2016 366.0133 0.00631
10/04/2016 366.7616 0.002045
13/04/2016 367.8789 0.003046
13/04/2016 367.8789 0
17/04/2016 364.8126 -0.00834
16/04/2016 363.2519 -0.00428
16/04/2016 357.5216 -0.01777
20/04/2016 351.5598 -0.01668
21/04/2016 350.3573 -0.00342
22/04/2016 352.5852 0.006359
23/04/2016 352.4169 -0.00048
24/04/2016 348.1340 -0.01217
27/04/2016 343.8840 -0.01221
28/04/2016 346.7937 0.008461
29/04/2016 346.1629 -0.00182
29/04/2016 344.3427 -0.00526
30/04/2016 344.3427 0
04/05/2016 349.3965 0.016677
05/05/2016 350.1616 0.002133
06/05/2016 341.2339 -0.02544
07/05/2016 339.2110 -0.00593
08/05/2016 343.6750 0.01316
11/05/2016 348.7027 0.016629
12/05/2016 342.3831 -0.01812
13/05/2016 346.4711 0.01194
16/05/2016 346.8110 0.000981
17/05/2016 348.5800 0.005101
18/05/2016 352.6671 0.011625
19/05/2016 353.5212 0.002422
20/05/2016 355.4385 0.005423
21/05/2016 355.9168 0.00134
22/05/2016 356.4218 0.001624
25/05/2016 354.8668 -0.00436
26/05/2016 354.3304 -0.00171
27/05/2016 354.9434 0.00163
28/05/2016 354.5886 -0.001
29/05/2016 360.8486 0.016654
01/06/2016 360.0274 -0.00228
02/06/2016 352.6606 -0.02046
03/06/2016 349.8924 -0.00785
04/06/2016 350.5539 0.001891
05/06/2016 349.1280 -0.00407
08/06/2016 346.6906 -0.00698
09/06/2016 344.9752 -0.00495
10/06/2016 348.7741 0.011012
11/06/2016 342.7265 -0.01634
12/06/2016 343.4830 0.002207
17/06/2016 343.4503 -9.5E-05
16/06/2016 344.9588 0.004392
16/06/2016 346.5679 0.004665
18/06/2016 349.2641 0.00778
19/06/2016 351.5161 0.006451
22/06/2016 355.3856 0.011005

37
23/06/2016 356.2537 0.002443
24/06/2016 355.5337 -0.00202
25/06/2016 356.6129 0.003035
26/06/2016 356.8182 0.000576
29/06/2016 354.0053 -0.00788
30/06/2016 355.6751 0.004716
01/07/2016 359.6038 0.011046
02/07/2016 360.0938 0.001363
03/07/2016 361.1049 0.002808
06/07/2016 363.0981 0.00552
07/07/2016 362.7730 -0.0009
08/07/2016 358.0072 -0.01316
09/07/2016 356.5232 -0.00417
10/07/2016 358.1086 0.004447
13/07/2016 361.6241 0.009816
16/07/2016 361.6090 -4.2E-05
17/07/2016 363.9842 0.006568
16/07/2016 367.1861 0.008797
16/07/2016 367.3765 0.000519
20/07/2016 368.3056 0.002529
21/07/2016 366.0606 -0.0061
22/07/2016 370.4161 0.011893
23/07/2016 369.3999 -0.00274
24/07/2016 366.8740 -0.00684
27/07/2016 360.0823 -0.01851
28/07/2016 358.9785 -0.00307
29/07/2016 361.5206 0.007081
30/07/2016 363.9232 0.006646
31/07/2016 367.8757 0.010861

38
ANNEXURE B

39
Annexure B- Daily returns of SBI Blue Chip Mutual Fund

Date NAV Return

04-Aug-16 23.1652 0.007106
05-Aug-16 23.2787 0.005768
06-Aug-16 23.106 -0.00742
07-Aug-16 23.058 -0.00208
08-Aug-16 22.8016 -0.01113
11-Aug-16 22.9636 0.007116
12-Aug-16 23.1633 0.007825
13-Aug-16 23.1071 -0.00176
16-Aug-16 23.2974 0.008236
18-Aug-16 23.5779 0.01204
19-Aug-16 23.7085 0.005539
20-Aug-16 23.7266 0.000763
21-Aug-16 23.8813 0.00652
22-Aug-16 24.018 0.005724
25-Aug-16 24.0004 -0.00073
26-Aug-16 24.0166 0.000592
27-Aug-16 24.1995 0.007699
28-Aug-16 24.2327 0.001372
01-Sep-16 24.5102 0.011651
02-Sep-16 24.7525 0.009886
03-Sep-16 24.8955 0.005777
04-Sep-16 24.8577 -0.00172
05-Sep-16 24.8318 -0.00104
08-Sep-16 25.0165 0.007478
09-Sep-16 25.0574 0.001795
10-Sep-16 24.9686 -0.00354
11-Sep-16 25.1606 0.00809
12-Sep-16 25.2581 0.003476
17-Sep-16 25.116 -0.00559
16-Sep-16 24.6116 -0.02012
16-Sep-16 24.7187 0.004348
18-Sep-16 25.1682 0.018185
19-Sep-16 25.1657 0.000298
22-Sep-16 25.2455 0.002773
23-Sep-16 24.9084 -0.01335
24-Sep-16 24.8283 -0.00322
25-Sep-16 24.6124 -0.0087
26-Sep-16 24.8001 0.007626
29-Sep-16 24.8874 0.00352
30-Sep-16 24.9223 0.001602
01-Oct-16 24.8249 -0.00391
07-Oct-16 24.5564 -0.01082
09-Oct-16 24.7982 0.009847
10-Oct-16 24.4363 -0.01659

40
13-Oct-16 24.5649 0.005263
16-Oct-16 24.4911 -0.003
16-Oct-16 24.0591 -0.01664
16-Oct-16 24.1632 0.004327
20-Oct-16 24.4695 0.012676
21-Oct-16 24.6691 0.008177
22-Oct-16 24.8903 0.008967
27-Oct-16 24.9171 0.000996
28-Oct-16 25.0446 0.005198
29-Oct-16 25.2028 0.006316
30-Oct-16 25.4904 0.011611
31-Oct-16 25.892 0.017755
03-Nov-16 25.8576 -0.00133
05-Nov-16 25.9419 0.00326
07-Nov-16 26.0622 0.004637
10-Nov-16 26.0857 0.000902
11-Nov-16 26.1916 0.004052
12-Nov-16 26.3246 0.005086
13-Nov-16 26.235 -0.0034
16-Nov-16 26.2818 0.001684
16-Nov-16 26.4106 0.004901
18-Nov-16 26.4919 0.003078
19-Nov-16 26.3636 -0.00484
20-Nov-16 26.4056 0.001793
21-Nov-16 26.6116 0.007801
24-Nov-16 26.734 0.004599
25-Nov-16 26.5007 -0.00873
26-Nov-16 26.5071 0.000242
27-Nov-16 26.5345 0.001034
28-Nov-16 26.8306 0.011179
01-Dec-16 26.7816 -0.00182
02-Dec-16 26.7967 0.00056
03-Dec-16 26.9346 0.005166
04-Dec-16 27.0368 0.003794
05-Dec-16 26.909 -0.00473
08-Dec-16 26.6059 -0.01126
09-Dec-16 26.2934 -0.01165
10-Dec-16 26.3649 0.002719
11-Dec-16 26.2223 -0.00541
12-Dec-16 26.0803 -0.00542
17-Dec-16 25.9347 -0.00558
16-Dec-16 25.5966 -0.01304
16-Dec-16 25.4446 -0.00594
18-Dec-16 25.9493 0.019835
19-Dec-16 26.1793 0.008093
22-Dec-16 26.4116 0.009645
23-Dec-16 26.2958 -0.00438
24-Dec-16 26.1724 -0.00545

41
26-Dec-16 26.1644 0.000841
29-Dec-16 26.4193 0.009356
30-Dec-16 26.4866 0.002547
31-Dec-16 26.6438 0.005935
01-Jan-17 26.6758 0.001201
02-Jan-17 26.9138 0.008922
05-Jan-17 26.8047 -0.00405
06-Jan-17 26.1217 -0.02549
07-Jan-17 26.1609 0.000743
08-Jan-17 26.4908 0.013385
09-Jan-17 26.5737 0.003129
12-Jan-17 26.7079 0.00505
13-Jan-17 26.712 0.000174
16-Jan-17 26.6967 -0.00057
17-Jan-17 27.2076 0.019137
16-Jan-17 27.3001 0.0034
19-Jan-17 27.4481 0.005421
20-Jan-17 27.6768 0.008332
21-Jan-17 27.8192 0.005165
22-Jan-17 27.9673 0.005324
23-Jan-17 28.101 0.004781
27-Jan-17 28.4281 0.01164
28-Jan-17 28.5092 0.002853
29-Jan-17 28.5667 0.002016
30-Jan-17 28.3219 -0.00857
02-Feb-17 28.3239 7.06E-05
03-Feb-17 28.3037 -0.00071
04-Feb-17 28.1631 -0.00461
05-Feb-17 28.1276 -0.00162
06-Feb-17 27.8872 -0.00855
09-Feb-17 27.5892 -0.01069
10-Feb-17 27.7591 0.006178
11-Feb-17 28.0447 0.010289
12-Feb-17 28.3735 0.011624
13-Feb-17 28.6737 0.01058
16-Feb-17 28.6277 -0.0016
18-Feb-17 28.889 0.009128
19-Feb-17 29.0107 0.004213
20-Feb-17 28.912 -0.0034
23-Feb-17 28.6898 -0.00769
24-Feb-17 28.6355 -0.00189
25-Feb-17 28.5924 -0.00171
26-Feb-17 28.2795 -0.01094
27-Feb-17 28.7206 0.017598
02-Mar-17 29.3099 0.020518
03-Mar-17 29.5162 0.007073
04-Mar-17 29.2872 -0.00779
05-Mar-17 29.4828 0.006679

42
09-Mar-17 29.1288 -0.01201
10-Mar-17 29.0342 -0.00325
11-Mar-17 29.0591 0.000858
12-Mar-17 29.2876 0.007863
13-Mar-17 28.9782 -0.01056
16-Mar-17 28.9627 -0.00053
16-Mar-17 29.1834 0.00762
18-Mar-17 29.1726 -0.00106
19-Mar-17 29.103 -0.0016
20-Mar-17 28.8109 -0.01004
23-Mar-17 28.6686 -0.00494
24-Mar-17 28.5991 -0.00242
25-Mar-17 28.5653 -0.00118
26-Mar-17 28.1201 -0.01759
27-Mar-17 28.1687 0.001016
30-Mar-17 28.6631 0.018274
31-Mar-17 28.7501 0.003035
01-Apr-17 29.0819 0.011741
06-Apr-17 29.3904 0.010608
07-Apr-17 29.4392 0.00166
08-Apr-17 29.6291 0.006451
09-Apr-17 29.6844 0.001866
10-Apr-17 29.7316 0.00179
13-Apr-17 29.8556 0.004161
17-Apr-17 29.6622 -0.00648
16-Apr-17 29.4988 -0.00551
16-Apr-17 29.0867 -0.01397
20-Apr-17 28.6257 -0.01785
21-Apr-17 28.3311 -0.01029
22-Apr-17 28.4358 0.003696
23-Apr-17 28.3169 -0.00425
24-Apr-17 28.0519 -0.00929
27-Apr-17 27.6104 -0.01774
28-Apr-17 27.9833 0.013506
29-Apr-17 28.0388 0.001983
30-Apr-17 27.955 -0.00299
04-May-17 28.2306 0.009859
05-May-17 28.2553 0.000875
06-May-17 27.5035 -0.02661
07-May-17 27.2367 -0.0097
08-May-17 27.6997 0.016999
11-May-17 28.1619 0.016686
12-May-17 27.6393 -0.01856
13-May-17 27.9161 0.010017
16-May-17 27.9716 0.001981
17-May-17 28.102 0.004669
18-May-17 28.345 0.008647
19-May-17 28.3559 0.000385

43
20-May-17 28.4204 0.002275
21-May-17 28.5025 0.002889
22-May-17 28.6055 0.003616
25-May-17 28.4605 -0.00507
26-May-17 28.4853 0.000871
27-May-17 28.4516 -0.00118
28-May-17 28.3657 -0.00302
29-May-17 28.7163 0.012395
01-Jun-17 28.5934 -0.00431
02-Jun-17 28.1239 -0.01642
03-Jun-17 27.9008 -0.00793
04-Jun-17 27.9607 0.002167
05-Jun-17 27.9508 -0.00035
08-Jun-17 27.6322 -0.0116
09-Jun-17 27.5623 -0.00253
10-Jun-17 27.8992 0.012223
11-Jun-17 27.452 -0.01603
12-Jun-17 27.4822 0.0011
17-Jun-17 27.562 0.002904
16-Jun-17 27.6509 0.003225
16-Jun-17 27.8761 0.008164
18-Jun-17 28.1959 0.011672
19-Jun-17 28.3903 0.006895
22-Jun-17 28.734 0.012106
23-Jun-17 28.8828 0.005169
24-Jun-17 28.7913 -0.00316
25-Jun-17 28.9342 0.004963
26-Jun-17 28.9371 0.0001
29-Jun-17 28.6235 -0.01084
30-Jun-17 28.8831 0.009069
01-Jul-17 29.1651 0.009763
02-Jul-17 29.1958 0.001053
03-Jul-17 29.3001 0.003572
06-Jul-17 29.4507 0.00516
07-Jul-17 29.5365 0.002913
08-Jul-17 29.1669 -0.01251
09-Jul-17 29.04 -0.00435
10-Jul-17 29.1693 0.004797
13-Jul-17 29.4519 0.009342
16-Jul-17 29.4545 8.83E-05
17-Jul-17 29.6216 0.005666
16-Jul-17 29.8501 0.007721
16-Jul-17 29.9389 0.002975
20-Jul-17 30.009 0.002341
21-Jul-17 29.6305 -0.01261
22-Jul-17 29.8713 0.008127
23-Jul-17 29.8411 -0.00101
24-Jul-17 29.6943 -0.00492

44
ANNEXURE C

45
Annexure C- Daily returns of India bulls Blue Chip Mutual Fund

Date NAV Return

01-Aug-16 13.04
04-Aug-16 13.17 0.008436
05-Aug-16 13.25 0.007605
06-Aug-16 13.09 -0.01208
07-Aug-16 13.04 -0.00382
08-Aug-16 12.91 -0.00997
11-Aug-16 12.99 0.006197
12-Aug-16 13.16 0.013087
13-Aug-16 13.1 -0.00456
16-Aug-16 13.22 0.00916
18-Aug-16 13.42 0.017129
19-Aug-16 13.47 0.003726
20-Aug-16 13.47 0
21-Aug-16 13.53 0.004454
22-Aug-16 13.59 0.004435
25-Aug-16 13.54 -0.00368
26-Aug-16 13.51 -0.00222
27-Aug-16 13.63 0.008882
28-Aug-16 13.68 0.003668
01-Sep-16 13.86 0.013178
02-Sep-16 13.92 0.004329
03-Sep-16 13.97 0.003592
04-Sep-16 13.91 -0.00429
05-Sep-16 13.92 0.000719
08-Sep-16 16.06 0.010057
09-Sep-16 16.02 -0.00284
10-Sep-16 13.98 -0.00285
11-Sep-16 16 0.001631
12-Sep-16 16.01 0.000716
17-Sep-16 13.98 -0.00216
16-Sep-16 13.63 -0.02504
16-Sep-16 13.65 0.001667
18-Sep-16 13.92 0.01978
19-Sep-16 13.99 0.005029
22-Sep-16 13.99 0
23-Sep-16 13.72 -0.0193
24-Sep-16 13.57 -0.01093
25-Sep-16 13.37 -0.01674
26-Sep-16 13.49 0.008975
29-Sep-16 13.59 0.007413

46
30-Sep-16 13.62 0.002208
01-Oct-16 13.57 -0.00367
07-Oct-16 13.44 -0.00958
09-Oct-16 13.36 -0.00595
10-Oct-16 13.62 0.019461
13-Oct-16 13.52 -0.00734
16-Oct-16 13.54 0.001679
16-Oct-16 13.51 -0.00222
16-Oct-16 13.23 -0.02073
20-Oct-16 13.21 -0.00171
21-Oct-16 13.38 0.012869
22-Oct-16 13.46 0.005979
27-Oct-16 13.66 0.016859
28-Oct-16 13.67 0.000732
29-Oct-16 13.72 0.003658
30-Oct-16 13.83 0.008016
31-Oct-16 13.94 0.007954
03-Nov-16 16.18 0.016216
05-Nov-16 16.23 0.003526
07-Nov-16 16.29 0.004216
10-Nov-16 16.36 0.004899
11-Nov-16 16.34 -0.00139
12-Nov-16 16.4 0.004184
13-Nov-16 16.43 0.002083
16-Nov-16 16.35 -0.00554
16-Nov-16 16.38 0.002091
18-Nov-16 16.52 0.009736
19-Nov-16 16.54 0.001377
20-Nov-16 16.5 -0.00275
21-Nov-16 16.49 -0.00069
24-Nov-16 16.53 0.002761
25-Nov-16 16.56 0.002065
26-Nov-16 16.41 -0.0103
27-Nov-16 16.46 0.00347
28-Nov-16 16.51 0.003458
01-Dec-16 16.7 0.013094
02-Dec-16 16.7 0
03-Dec-16 16.71 0.00068
04-Dec-16 16.82 0.007478
05-Dec-16 16.79 -0.00202
08-Dec-16 16.7 -0.00609
09-Dec-16 16.52 -0.01224
10-Dec-16 16.34 -0.0124
11-Dec-16 16.46 0.008368

47
12-Dec-16 16.41 -0.00346
17-Dec-16 16.32 -0.00625
16-Dec-16 16.27 -0.00349
16-Dec-16 13.99 -0.01962
18-Dec-16 13.9 -0.00643
19-Dec-16 16.22 0.023022
22-Dec-16 16.3 0.005626
23-Dec-16 16.38 0.005594
24-Dec-16 16.3 -0.00556
26-Dec-16 16.24 -0.0042
29-Dec-16 16.29 0.003511
30-Dec-16 16.39 0.006998
31-Dec-16 16.41 0.00139
01-Jan-17 16.51 0.00694
02-Jan-17 16.56 0.003446
05-Jan-17 16.76 0.013736
06-Jan-17 16.81 0.003388
07-Jan-17 16.38 -0.02903
08-Jan-17 16.4 0.001391
09-Jan-17 16.63 0.017972
12-Jan-17 16.67 0.002734
13-Jan-17 16.8 0.008862
16-Jan-17 16.8 0
17-Jan-17 16.74 -0.00405
16-Jan-17 16.99 0.016961
19-Jan-17 17.04 0.003336
20-Jan-17 17.13 0.005984
21-Jan-17 17.25 0.007931
22-Jan-17 17.33 0.005246
23-Jan-17 17.38 0.003262
27-Jan-17 17.43 0.003251
28-Jan-17 17.58 0.009721
29-Jan-17 17.53 -0.00321
30-Jan-17 17.58 0.00322
02-Feb-17 17.44 -0.00899
03-Feb-17 17.52 0.005181
04-Feb-17 17.5 -0.00129
05-Feb-17 17.4 -0.00645
06-Feb-17 17.38 -0.0013
09-Feb-17 17.16 -0.01365
10-Feb-17 16.94 -0.01716
11-Feb-17 17.09 0.01004
12-Feb-17 17.28 0.012591
13-Feb-17 17.39 0.007199

48
16-Feb-17 17.6 0.013645
18-Feb-17 17.56 -0.00256
19-Feb-17 17.63 0.004499
20-Feb-17 17.68 0.003199
23-Feb-17 17.67 -0.00064
24-Feb-17 17.54 -0.0083
25-Feb-17 17.51 -0.00193
26-Feb-17 17.42 -0.0058
27-Feb-17 17.24 -0.01167
02-Mar-17 17.59 0.022966
03-Mar-17 16.05 0.029506
04-Mar-17 16.12 0.004361
05-Mar-17 17.92 -0.01241
09-Mar-17 17.99 0.004397
10-Mar-17 17.71 -0.01651
11-Mar-17 17.67 -0.00255
12-Mar-17 17.57 -0.00638
13-Mar-17 17.61 0.002569
16-Mar-17 17.37 -0.01737
16-Mar-17 17.37 0
18-Mar-17 17.53 0.01041
19-Mar-17 17.49 -0.00258
20-Mar-17 17.39 -0.00646
23-Mar-17 17.17 -0.01759
24-Mar-17 17.05 -0.0066
25-Mar-17 17.08 0.001993
26-Mar-17 17.06 -0.00133
27-Mar-17 16.88 -0.01195
30-Mar-17 16.98 0.00672
31-Mar-17 17.25 0.018024
01-Apr-17 17.32 0.00459
06-Apr-17 17.48 0.010444
07-Apr-17 17.61 0.008398
08-Apr-17 17.63 0.001281
09-Apr-17 17.73 0.006398
10-Apr-17 17.76 0.001907
13-Apr-17 17.77 0.000635
17-Apr-17 17.88 0.006975
16-Apr-17 17.7 -0.01134
16-Apr-17 17.58 -0.00764
20-Apr-17 17.25 -0.02118
21-Apr-17 16.95 -0.01967
22-Apr-17 16.77 -0.01204
23-Apr-17 16.79 0.001354

49
24-Apr-17 16.79 0
27-Apr-17 16.51 -0.01893
28-Apr-17 16.25 -0.01692
29-Apr-17 16.5 0.016544
30-Apr-17 16.59 0.006207
04-May-17 16.58 -0.00069
05-May-17 16.82 0.016461
06-May-17 16.9 0.005398
07-May-17 16.38 -0.0349
08-May-17 16.21 -0.01182
11-May-17 16.45 0.01689
12-May-17 16.66 0.016533
13-May-17 16.36 -0.02046
16-May-17 16.56 0.013928
17-May-17 16.64 0.005495
18-May-17 16.67 0.002049
19-May-17 16.75 0.005453
20-May-17 16.8 0.00339
21-May-17 16.81 0.000676
22-May-17 16.78 -0.00203
25-May-17 16.83 0.003383
26-May-17 16.87 0.002697
27-May-17 16.77 -0.00672
28-May-17 16.67 -0.00677
29-May-17 16.63 -0.00273
01-Jun-17 16.86 0.017721
02-Jun-17 16.73 -0.00875
03-Jun-17 16.42 -0.02105
04-Jun-17 16.17 -0.01872
05-Jun-17 16.19 0.002827
08-Jun-17 16.24 0.003524
09-Jun-17 16.08 -0.01124
10-Jun-17 16.02 -0.00426
11-Jun-17 16.27 0.016832
12-Jun-17 16.01 -0.01822
17-Jun-17 16 -0.00071
16-Jun-17 16.04 0.002857
16-Jun-17 16.13 0.00641
18-Jun-17 16.33 0.016174
19-Jun-17 16.48 0.010468
22-Jun-17 16.54 0.004164
23-Jun-17 16.79 0.016194
24-Jun-17 16.91 0.008116
25-Jun-17 16.91 0

50
26-Jun-17 16.93 0.001341
29-Jun-17 16.91 -0.00134
30-Jun-17 16.64 -0.01811
01-Jul-17 16.76 0.008197
02-Jul-17 16.97 0.016228
03-Jul-17 17.02 0.00334
06-Jul-17 17.05 0.001997
07-Jul-17 17.18 0.008638
08-Jul-17 17.22 0.002635
09-Jul-17 17.01 -0.0138
10-Jul-17 17.06 0.003331
13-Jul-17 17.16 0.00664
16-Jul-17 17.43 0.01681
17-Jul-17 17.45 0.001296
16-Jul-17 17.51 0.003883
16-Jul-17 17.67 0.010316
20-Jul-17 17.7 0.001916
21-Jul-17 17.74 0.002548
22-Jul-17 17.48 -0.01652
23-Jul-17 17.7 0.016212
24-Jul-17 17.73 0.001911
27-Jul-17 17.66 -0.00445
28-Jul-17 17.53 -0.0083
29-Jul-17 17.54 0.000644
30-Jul-17 17.76 0.016177
31-Jul-17 17.95 0.012056

51
 BIBLIOGRAPHY
 ZIPSIP.COM0
 Investopedia.COM
 Moneycontrol.COM
 Franklinetempletonindia.com
 SBIMF.com
 Book on “Portfolio Management” by ICFAI Press
 Business world
 investmart.com
 indiabullsamc.com

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