Birla Frontline Case Study
TABLE 4.1: Comparison of Birla Frontline equity fund with market indicators (BSE200.) with the calculation of portfolio return & market return, Average fund & Index return, Standard deviation of fund & index return and Beta. NAV BSE200
Year Opening Closing Rp Rp^2 Opening Closing Rm Rm^2
2004 20.01 23.94 19.64 385.73 769.67 886.55 15.18 230.60
2005 24.46 33.94 38.75 1502.11 890.48 1186.23 33.21 1103.06
2006 33.98 50.13 47.52 2258.90 1188.78 1655.74 39.28 1542.96
2007 50.86 81.34 59.92 3591.51 1655.28 2656.52 60.48 3658.75
2008 82.13 61.42 -25.21 635.85 2664.67 1950.17 -26.81 718.98
Total 140.63 8374.12 121.35 7254.37 Arp 28.12 SDRp 28.72 Beta 1.15
Arm 24.27 SDRm 29.35
Source: Secondary data
Where,
Rp Fund Return (Portfolio Return) …show more content…
4.1
Comparison of Birla Frontline equity fund with market indicators (BSE200.)
• The fund has performed fairly, the return of the fund is greater for the period 2004,2005,2006 and 2007 when compared to the respective market index which is the BSE 200
• From the Beginning of 2008 the Fund started declining because of the impact of Recession.
• The average return of the fund is also satisfactory.
• The Beta of this scheme was 1.15, which shows that it is very volatile and it has greater risks than compared to the benchmark index.
• Its standard deviation was at 28.72 very much comparable to that of the benchmark at 29.35 has higher
Year Opening Closing Rp Rp^2 Opening Closing Rm Rm^2
2004 20.01 23.94 19.64 385.73 769.67 886.55 15.18 230.60
2005 24.46 33.94 38.75 1502.11 890.48 1186.23 33.21 1103.06
2006 33.98 50.13 47.52 2258.90 1188.78 1655.74 39.28 1542.96
2007 50.86 81.34 59.92 3591.51 1655.28 2656.52 60.48 3658.75
2008 82.13 61.42 -25.21 635.85 2664.67 1950.17 -26.81 718.98
Total 140.63 8374.12 121.35 7254.37 Arp 28.12 SDRp 28.72 Beta 1.15
Arm 24.27 SDRm 29.35
Source: Secondary data
Where,
Rp Fund Return (Portfolio Return) …show more content…
4.1
Comparison of Birla Frontline equity fund with market indicators (BSE200.)
• The fund has performed fairly, the return of the fund is greater for the period 2004,2005,2006 and 2007 when compared to the respective market index which is the BSE 200
• From the Beginning of 2008 the Fund started declining because of the impact of Recession.
• The average return of the fund is also satisfactory.
• The Beta of this scheme was 1.15, which shows that it is very volatile and it has greater risks than compared to the benchmark index.
• Its standard deviation was at 28.72 very much comparable to that of the benchmark at 29.35 has higher