NISM- Mutual Fund

Work Shop II

Ayan, Dipanjan, Harshal, Mitaali, Namrata, Rahul, Pramod

Comparative Analysis of Mutual Funds

▪ Franklin India Blue Chip

▪ ICICI Prudential Focused Blue Chip Equity Regular

▪ Axis Equity Mutual Fund

Objectives

▪ Comparative Analysis – On The Basis Of Risk Adjusted Return.

▪ Comparison On The Basis Of Fund Manager Performance

▪ Recommendations As Per Risk Profile– Aggressive Risk Taker– Moderate Risk Taker – Risk Averse

▪ Most Appropriate Fund As Per Current Market Scenario

1.Franklin India Blue Chip

▪ AMC- Franklin Templeton 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

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

Portfolio Composition [%]

Equity – 97.10 %

Debt –

0.00%

Cash– 2.90

%

2.ICICI Prudential Blue-Chip Equity

▪ 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

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

Portfolio Composition [%]

Equity – 96.61 %

Debt – 3.67%

Cash– -0.28

%

3. Axis Equity Mutual Fund

▪ 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

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

Portfolio Composition [%]

EQUITY– 99.14 %

Debt–

2.43%

Cash- -1.57 %

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

Fund Managers Comparison

▪ Franklin India Blue-Chip

▪ Anand Radhkrishnan – Jensen's Alpha – 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’s Alpha – 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’s Alpha – 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

Risk Profile

Aggressive Risk Taker• Franklin India Blue Chip• ICICI Prudential• Axis Fund

Moderate Risk Taker• ICICI Prudential Balanced

Fund• 61 % In Equity – 39 % In

DebtRisk Averse• IDFC G-Sec Fund –

Investment Plan – 96.19 % In G-Sec

Best Fund As Per Given Market Scenario

▪ ICICI Prudential Blue-Chip

▪ Manish Gunwani– Jensen’s Alpha – 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