A Study of Risk and Return Analysis of Open-Ended Equity Schemes With Regular Plan-Growth" Project Sonali

A Project report on
A Study of Risk and Return Analysis of open-ended equity schemes

with regular plan-growth
Submitted in
Partial fulfillment of the requirements
for the award of the degree of
Bachelor of Business Administration
Prepared by:
Hasani Sonali (23)
[T.Y. B.B.A FINANCE]
Under the guidance of:

Mr. Mehul Mehta
Submitted to:
B.R.C.M College of Business Administration
Veer Narmad South Gujarat University,
Surat.
Year:
2014-2015
ii
A Study of risk and return analysis of open-ended equity scheme with regular plan-growth
BRCM College Of Business Administration
iii
ACKNOWLEDGEMENT
I take the opportunity to express the feeling of gratitude towards Veer Narmad South
Gujarat University for keeping Industrial training as part of Bachelor of Business
Administration Course.
It
is
an occasion of great
pleasure and
matter
of deep
felt
person
al satisfaction to present this complied statement of the project Work. First, we believe
that full credit of having completed the prescribed training should go to the Director of
B.R.C.M College of Business Administration for making available all facilities in
fulfilling the requirement for my project report.
I am highly indebted to Mr. Mehul Mehta, for his guidance, constant help and for
providing necessary information regarding my project. I express my thanks for his
encouragement which help me in completion of this project.
I take this opportunity to thank all those who directly or indirectly were helpful in the
completion of my project work
SONALI HASANI
iv
DECLARATION
I, Sonali Hasani , declare that this project entitled A STUDY OF RISK AND RETURN
ANALYSIS OF OPEN-ENDED EQUITY SCHEMES WITH REGULAR PLANGROWTH is the result of my own work carried out during December to February 20152016 and has not been previously submitted to any other university or institute for any other
purpose by me or by any other person.
I will not use this project report in future to use as submission to any other university or
institute without written permission of my guide.
I also promise not to permit any other person to copy from this report in any form.
If I am found or caught as defaulter of above declaration, I know that my present of future
submission may become invalid and or may not be permitted to appear in final exam.
SONALI HASANI
Sign:
Finance
Roll no: 23
v
EXECUTIVE SUMMARY
In few years Mutual Fund has emerged as a tool for ensuring ones financial well being.
Mutual Funds have not only contributed to the India growth story but have also helped
families tap into the success of Indian Industry. As information and awareness is rising more
and more people are enjoying the benefits of investing in mutual funds. The main reason the
number of retail mutual fund investors remains small is that nine in ten people with incomes
in India do not know that mutual funds exist. But once people are aware of mutual fund
investment opportunities, the number who decide to invest in mutual funds increases to as
many as one in five people. The trick for converting a person with no knowledge of mutual
funds to a new Mutual Fund customer is to understand which of the potential investors are
more likely to buy mutual funds and to use the right arguments in the sales process that
customers will accept as important and relevant to their decision.
This Project gave me a great learning experience and at the same time it gave me enough
scope to implement my analytical ability. The analysis and advice presented in this Project
Report is based on research on the risk and return of particular schemes of sbi mutual fund.
This Report will help to know about the Performance of sbi Mutual Fund .
The first part gives an insight about Mutual Fund and its various aspects, the Company
Profile, Objectives of the study and Research Methodology. One can have a brief knowledge
about Mutual Fund and its basics through the Project.
The second part of the Project consists of data and its analysis, the collection of Secondary
data, NAV values & Nifty index values for calculating return. .
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1
TABLE OF CONTENTS:
No.
Topic Name
Page
no.
Acknowledgement
Declaration
Executive Summary
1.
Introduction to Mutual fund
1.1
Concept of Mutual Fund
1.2
Concept of Mutual Fund in Detail
1.3
Mutual Fund Operational Flow Chart
1.4
History of Mutual Fund
1.5
Current Scenario of Mutual fund Industry
11
1.6
Future Scenario of Mutual fund Industry
13
1.7
Benefits of Investing in Mutual Fund
15
1.8
Disadvantages of investing through Mutual fund
17
1.9
Risk in Mutual Fund
19
1.10
Structure of Mutual Fund
20
1.11
Types of Mutual Fund Schemes in India
21
1.12
SEBI rules and Regulations for Mutual funds
25
1.13
Frequently used Terms
27
2.
Introduction of Company
28
2.1
Company Profile
29
2.2
Investment Team
32
2.3
Awards Received
34
2.4
Products of SBI Mutual fund
36
Research Methodology
42
3.1
Objective of Study
43
3.2
Research Design
43
3.3
Population
43
3.4
Sample Frame
43
2
3.5
Sampling Technique
44
3.6
Source of Data
44
3.7
Sample Size
44
3.8
Data Collection
44
3.9
Analysis of Data
44
3.10
Limitations of work
45
3.11
Scope of Study
45
Data Analysis
46
4.1
Proposed Analysis Methodologies
47
4.2
Concept of NAV
48
4.3
Concept of risk and return
49
4.4
Tools for analysis
50
Findings
85
Conclusion and suggestion
87
Bibliography
89
Annexure
90
3
CHAPTER 1
Introduction
4
Introduction
1.1.
Concept of Mutual fund:A mutual fund is a common pool of money into which investors place their
contributions that are to be invested in accordance with a stated objective. In simple word, a
mutual fund collects the savings from small investors, invest them in government and other
corporate securities and earn income through interest and dividends, besides capital gains. It
works on the principle of small drops of water make big ocean.
Simply put, the money pooled in by a large number of investors is what makes up a
Mutual Fund. This money is then managed by a professional Fund Manager, who uses his
investment management skills to invest it in various financial instruments.
It is formed by the coming together of a number of investors who transfer their
surplus funds to a professionally qualified organization to manage it. To et the surplus funds
from investors, the fund adopts a simple technique. Each fund is divided into small fraction
called units of equal value. Each investor is allocated units in proportion to the size of his
investment.
The mutual fund as an important vehicle for bringing wealth holders and deficit units
together indirectly
The concept of mutual fund has been defined in various ways.
Mutual fund as financial intermediaries which being a wide variety of securities with in the
reach of the most modest of investors
Frank Relicy
According to SEBI mutual fund regulations 1993,
Mutual fund means a fund established in the form of trust by sponsor to
raise moneys by the trustees through the sale of units to the public under one or more
schemes for investing insecurities in accordance with these regulations.
5
A Mutual Fund is a trust that pools the savings of a number of investors who
share a common financial goal. The money thus collected is then invested in capital market
instruments such as shares, debentures and other securities. The income earned through these
investments and the capital appreciation realised are shared by its unit holders in proportion
to the number of units owned by them. Thus a Mutual Fund is the most suitable investment
for the common man as it offers an opportunity to invest in a diversified, professionally
managed basket of securities at a relatively low cost.
The flow chart below describes broadly the working of a mutual fund:
6
1.2 THE CONCEPT OF MUTUAL FUND IN DETAIL

A mutual fund uses the money collected from investors to buy those
assets which are specifically permitted by its stated investment objective. Thus,
an equity fund would buy equity assets ordinary shares, preference shares,
warrants etc. A bond fund would buy debt instruments such as debentures, bonds
or government securities. It is these assets which are owned by the investors in
the same proportion as their contribution bears to the total contributions of all
investors put together.
Any change in the value of the investments made into capital market instruments
(such as shares, debentures etc) is reflected in the Net Asset Value (NAV) of the
scheme. NAV is defined as the market value of the Mutual Fund scheme's assets
net of its liabilities. NAV of a scheme is calculated by dividing the market value
of scheme's assets by the total number of units issued to the investors.
A Mutual Fund is an investment tool that allows small investors access to a

well-diversified portfolio of equities, bonds and other securities. Each
shareholder participates in the gain or loss of the fund. Units are issued and can
be redeemed as needed. The funds Net Asset value (NAV) is determined each
day.
7
When an investor subscribes to a mutual fund, he or she buys a part of

the assets or the pool of funds that are outstanding at that time. It is no different
from buying shares of joint stock Company, in which case the purchase
makes the investor a part owner of the company and its assets. However,
whether the investor gets fund shares or units is only a matter of legal
distinction.
A Mutual Fund is a trust that pools the savings of a number of investors

who share a common financial goal. The money thus collected is then invested
in capital market instruments such as shares, debentures and other securities. The
income earned through these investments and the capital appreciation realized is
shared by its unit holders in proportion to the number of units owned by them.
8
Thus Mutual fund is most suitable investment for the common man as it offers
an opportunity to invest in a diversified, professionally managed basket of
securities at a relatively low cost.
1.3 MUTUAL FUND OPERATION FLOW CHART
From the above chart , it can be observed that how the money from the
investors flow and they get returns out of it. With a small amount of fund,
investors pool their money with the funds managers. Taking into consideration
the market strategy the funds managers invest this pool of money into reliable
securities. With ups and downs in market returns are generated and they are
passed on to the investors. The above cycle should be very clear and also
effective.
9
The fund manager while investing on behalf of investors takes into
consideration various factors like time, risk, return, etc. so that he can make
proper investment decision.
1.4 History of mutual fund:The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at
the initiative of the Government of India and Reserve Bank of India. The history of mutual
funds in India can be broadly divided into four distinct phases.
First Phase - 1964-1987:

Unit Trust of India (UTI) was established in 1963 by an Act of Parliament. It was set up by
the Reserve Bank of India and functioned under the Regulatory and administrative control of
the Reserve Bank of India. In 1978 UTI was de-linked from the RBI and the Industrial
Development Bank of India (IDBI) took over the regulatory and administrative control in
place of RBI. The first scheme launched by UTI was Unit Scheme 1964. At the end of 1988
UTI had Rs. 6,700 crores of assets under management.
Second Phase - 1987-1993 (Entry of Public Sector Funds):

1987 marked the entry of non-UTI, public sector mutual funds set up by public sector 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 established in June 1987
followed by Canbank 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 established its mutual fund in June 1989 while GIC had set up its mutual fund
in December 1990.
At the end of 1993, the mutual fund industry had assets under management of Rs. 47,004
crores.
Third Phase - 1993-2003 (Entry of Private Sector Funds)
With the entry of private sector funds in 1993, a new era started in the Indian mutual fund
industry, giving the Indian investors a wider choice of fund families. Also, 1993 was the year
in which the first Mutual Fund Regulations came into being, under which all mutual funds,
10
except UTI were to be registered and governed. The erstwhile Kothari Pioneer (now merged
with Franklin Templeton) was the first private sector mutual fund registered in July 1993.
The 1993 SEBI (Mutual Fund) Regulations were substituted by a more comprehensive and
revised Mutual Fund Regulations in 1996. The industry now functions under the SEBI
(Mutual Fund) Regulations 1996.
The number of mutual fund houses went on increasing, with many foreign mutual funds
setting up funds in India and also the industry has witnessed several mergers and acquisitions.
As at the end of January 2003, there were 33 mutual funds with total assets of Rs. 1,21,805
crores. The Unit Trust of India with Rs. 44,541 crores of assets under management was way
ahead of other mutual funds
Fourth Phase - since February 2003

In February 2003, following the repeal of the Unit Trust of India Act 1963 UTI was
bifurcated into two separate entities. One is the Specified Undertaking of the Unit Trust of
India with assets under management of Rs. 29,835 crores as at the end of January 2003,
representing broadly, the assets of US 64 scheme, assured return and certain other schemes.
The Specified Undertaking of Unit Trust of India, functioning under an administrator and
under the rules framed by Government of India and does not come under the purview of the
Mutual Fund Regulations.
The second is the UTI Mutual Fund, sponsored by SBI, PNB, BOB and LIC. It is registered
with SEBI and functions under the Mutual Fund Regulations. With the bifurcation of the
erstwhile UTI which had in March 2000 more than Rs. 76,000 crores of assets under
management and with the setting up of a UTI Mutual Fund, conforming to the SEBI Mutual
Fund Regulations, and with recent mergers taking place among different private sector funds,
the mutual fund industry has entered its current phase of consolidation and growth.
The graph indicates the growth of assets over the years.
11
Note:
Erstwhile UTI was bifurcated into UTI Mutual Fund and the Specified Undertaking of the
Unit Trust of India effective from February 2003. The Assets under management of the
Specified Undertaking of the Unit Trust of India has therefore been excluded from the total
assets of the industry as a whole from February 2003 onwards.
1.5 Current Scenario of Mutual fund Industry:

Despite being available in the market less than 10% of Indian households have invested in
mutual funds. A recent report on Mutual Fund Investments in India published by research and
analytics firm, Boston Analytics, suggests investors are holding back from putting their
money into mutual funds due to their perceived high risk and a lack of information on how
mutual funds work. There are 46 Mutual Funds as of June 2013.
12
The primary reason for not investing appears to be correlated with city size. Among
respondents with a high savings rate, close to 40% of those who live in metros and Tier I
cities considered such investments to be very risky, whereas 33% of those in Tier II cities
said they did not know how or where to invest in such assets.
The mutual fund industry, today presents a picture of opportunity and challenges. As the
industry sensitizes itself to the changing regulatory landscape, business strategies are
endeavoring to respond to these developments. Amidst this changing business and regulatory
environment, asset management companies and all service providers, including distributors,
have to re-examine their business models and embrace the changing business landscape.
Gautam Mehra, Leader - Asset Management, PwC India, said, "At present, the Indian mutual
fund industry is facing interesting times. The last few years have seen a series of events, both
within and outside the Indian economy, which have impacted the industry. Additionally,
investors appear to have adopted a more cautious approach. The present scenario demands
vigorous innovation and reinvention. Among others, the purpose may be served by adopting a
cluster of key initiatives in the areas of cost efficiency, product design and positioning,
alternative distribution models, revenue diversification and capacity creation."
PwC presents a report in which it attempts to take an all around view of the dynamics and
explores hidden opportunities.
The key highlights of the reports are:
The mutual fund industry, beset by net redemptions by investors and adverse global
and local market conditions, shrank by 1.6%in terms of assets under management
during the year FY2011-2012.
The benchmark BSE Sensex and the assets under management (AuM) for the mutual
fund industry have risen in tandem. Booming markets in 2006 saw increased investor
participation in the industry, leading to fund inflows enabling the AuM to grow at a
pace greater than the Sensex.
However, volatile market conditions in the last two years have led to net withdrawals
by investors to the tune of 49,406 crore INR in FY 2010-11 and 22,023 crore INR in
FY 2011-12, leading to a further drop in AuM, in addition to the drop caused by
adverse market movements.
13
The mutual fund industry is primarily debt-oriented with debt funds (including liquid
funds) forming 64% of the AuM. As in the past, increased equity participation is the
need of the hour for the mutual fund industry.
(Report by PwC India)
1.6 Future Scenario of Mutual fund Industry:

Performance of the industry has been strong and it is well-placed to achieve sustainable
growth levels. The way forward for the next couple of years for the mutual fund industry
would be influenced hugely by the journey undertaken till this point of time and the changing
demographic profile of investors.
Diverse Range of Products:

There is a need for Indian Mutual funds to come out with innovative products that cater to the
ever changing customer requirements. In US, Mutual funds provide products that cater to the
entire life cycle of the investor.
Diversified products will keep the present momentum going for the industry in a more
competitive and efficient manner. Further, Mutual funds have to compete with bank deposits
and government securities for their share of consumer savings. Thus, in order to make Mutual
14
funds more acceptable to the retail investors, the MF would have to mature to offering
comprehensive life cycle financial planning and not products alone.
Regulation for MF Distributors

Currently, distributors of MF schemes are not separately regulated by any authority in India.
Further, many of them though certified by AMFI still leave a lot to be desired so as to render
professional advice to investor and reduce mis-selling of the MF products. MFs need
distributors who are able to inform the investors about the efficacy of the product for a
particular risk profile and stage in their life cycle. SEBI is planning to put in place a
compliance certification examination (by NISM) and is expected to run it online from mid2010. Further, SEBI is also expected to soon come out with a new set of guidelines
for MF distributors. As the affluence of Indians increase, the range of financial products to
meet peoples need will expand and with it the need for professional financial advice from
the MF distributors will increase.
Recommendations to re-visit the eligibility norms of AMCs:

SEBI had constituted the Committee on Review of Eligibility Norms (CORE) to re-visit
the eligibility norms and other functional aspects prescribed for various intermediaries.
Amongst other recommendations, the key ones are relating to increase in the minimum net
worth of AMCs from the existing Rs. 10 crores to Rs. 50 crores, change in the definition of
net worth, sponsor to be a regulated entity and change in definition of control. The objective
of the proposed recommendations is to allow only the serious players to enter/ remain in the
market. The proposed changes can lead to a better governance of the MF players, thereby
boosting investor confidence in the industry.
Trading through stock exchange platforms:

Recently, SEBI has permitted trading of MF units on recognised stock exchanges.
Subsequently, Bombay Stock Exchange and National Stock Exchange have launched trading
platforms enabling investors to invest by availing services of stock brokers. While trading
through the stock exchange, the investor would get to know about the validity of his order
and the value at which the units would get credited/ redeemed to his account by the end of the
day. Whereas, while investing through MF distributor or directly with the
15
MF, the investor gets information of the subscription and redemption details only in the form
of direct communication from the MF/ AMC. Thus, by trading through the stock exchange,
the investor would be able to optimize his investment decisions due to the reduced time lag in
the movement of funds. This transparency in knowing the status of order till completion helps
in reducing disputes. Further, the investor would able to get a single view of his portfolio
across multiple assets like securities, MF units etc.
Real Estate Mutual Funds:

Real Estate Mutual Funds could be the next big thing for the industry provided the regulators
bring in more clarity on the tax and regulatory aspects
1.7
Benefits of investing in a mutual fund:As an investor, we would like to get maximum returns on our investments,
but we may not have the time to continuously study the stock market to keep track of them.
We need a lot of time and knowledge to decide what to buy or when to sell. A lot of people
take a chance and speculate, some get lucky, and most dont. This is where mutual funds
come in. Mutual funds offer the following advantages:
Professional management:
Qualified professionals manage our money, but they are not alone.
They have a research team that continuously analyses the performance and prospects
of companies. They also select suitable investments to achieve the objectives of the
scheme. It is a continuous process that takes time and expertise which will add value
to our investment. Fund managers are in a better position to manage our investments
and get higher returns.
Diversification:
The clich, "don't put all your eggs in one basket" really applies to
the concept of intelligent investing. Diversification lowers our risk of loss by
spreading our money across various industries and geographic regions. It is a rare
occasion when all stocks decline at the same time and in the same proportion. Sector
16
funds spread our investment across only one industry so they are less diversified and
therefore generally more volatile.
More choice:
Mutual funds offer a variety of schemes that will suit our needs
over a lifetime. When we enter a new stage in our life, all we need to do is sit down
with our financial advisor who will help us to rearrange our portfolio to suit our
altered lifestyle.
Affordability:
As a small investor, we may find that it is not possible to buy shares of
larger corporations. Mutual funds generally buy and sell securities in large volumes
which allow investors to benefit from lower trading costs. The smallest investor can
get started on mutual funds because of the minimal investment requirements. we can
invest with a minimum of Rs.500 in a Systematic Investment Plan on a regular basis.
Tax benefits:
Investments held by investors for a period of 12 months or more qualify
for capital gains and will be taxed accordingly. These investments also get the benefit
of indexation.
Liquidity:
we can redeem all or part of our investment any time we wish and
receive the current value of the shares. Funds are more liquid than most investments
in shares, deposits and bonds. Moreover, the process is standardized, making it quick
and efficient so that we can get our cash in hand as soon as possible.
Rupee-cost averaging:
With rupee-cost averaging, we invest a specific rupee amount at
regular intervals regardless of the investment's unit price. As a result, our money buys
more units when the price is low and fewer units when the price is high, which can
17
mean a lower average cost per unit over time. Rupee-cost averaging allows us to
discipline our self by investing every month or quarter rather than making sporadic
investments.
Transparency:
The performance of a mutual fund is reviewed by various publications
and rating agencies, making it easy for investors to compare fund to another. As a unit
holder, we are provided with regular updates, for example daily NAVs, as well as
information on the fund's holdings and the fund manager's strategy.
Regulations:
All mutual funds are required to register with SEBI (Securities
Exchange Board of India). They are obliged to follow strict regulations designed to
protect investors. All operations are also regularly monitored by the SEBI.
1.8 DISADVANTAGES
OF
INVESTING THROUGH
MUTUAL FUNDS:
1. No Control Over Costs:

An investor in a mutual fund has no control of the overall costs of investing. The
investor pays investment management fees as long as he remains with the fund, albeit in
return for the professional management and research. Fees are payable even if the value of his
investments is declining. A mutual fund investor also pays fund distribution costs, which he
would not incur in direct investing. However, this shortcoming only means that there is a cost
to obtain the mutual fund services.
2. No Tailor-Made Portfolio:
Investors who invest on their own can build their own portfolios of shares and bonds
and other securities. Investing through fund means he delegates this decision to the fund
18
managers. The very-high-net-worth individuals or large corporate investors may find this to
be a constraint in achieving their objectives. However, most mutual fund managers help
investors overcome this constraint by offering families of funds- a large number of different
schemes- within their own management company. An investor can choose from different
investment plans and constructs a portfolio to his choice.
3. Managing A Portfolio Of Funds:
Availability of a large number of funds can actually mean too much choice for the
investor. He may again need advice on how to select a fund to achieve his objectives, quite
similar to the situation when he has individual shares or bonds to select.
4. The Wisdom Of Professional Management:
That's right, this is not an advantage. The average mutual fund manager is no better at
picking stocks than the average nonprofessional, but charges fees.
5.
No Control:
Unlike picking your own individual stocks, a mutual fund puts you in the passenger
seat of somebody else's car

6. Dilution:
Mutual funds generally have such small holdings of so many different stocks that
insanely great performance by a fund's top holdings still doesn't make much of a difference in
a mutual fund's total performance.
7. Buried Costs:
Many mutual funds specialize in burying their costs and in hiring salesmen who do not make
those costs clear to their clients.
19
1.9 Risk in mutual fund:Mutual funds face risks based on the investments they hold. For example, a
bond fund faces interest rate risk and income risk. Bond values are inversely
related to interest rates. If interest rates go up, bond values will go down and vice
versa. Bond income is also affected by the changes in interest rates. Bond yields
are directly related to interest rates falling as interest rates fall and rising as
interest rates.
Similarly, a sector stock fund is at risk that its price will decline due to
developments in its industry. A stock fund that invests across many industries is
more sheltered from this risk defined as industry risk.
Followings are glossary of some risks to consider when investing in mutual
funds:-
20
1.10 STRUCTURE OF A MUTUAL FUND:

India has a legal framework within which Mutual Fund have to be constituted. In
India open and close-end funds operate under the same regulatory structure i.e. as unit Trusts.
A Mutual Fund in India is allowed to issue open-end and close-end schemes under a common
legal structure. The structure that is required to be followed by any Mutual Fund in India is
laid down under SEBI (Mutual Fund) Regulations, 1996.
The Fund Sponsor:

Sponsor is defined under SEBI regulations as any person who, acting alone or in
combination of another corporate body establishes a Mutual Fund.
Mutual Funds as Trusts:
A Mutual Fund in India is constituted in the form of Public trust Act, 1882. The Fund
sponsor acts as a settlor of the Trust, contributing to its initial capital and appoints a trustee to
hold the assets of the trust for the benefit of the unit-holders.
Trustees:
A Trust is created through a document called the Trust Deed that is executed by the
fund sponsor in favour of the trustees. The Trust- the Mutual Fund may be managed by a
board of trustees- a body of individuals, or a trust company- a corporate body. Most of the
funds in India are managed by Boards of Trustees.
21
The Asset Management Companies:
The role of an Asset Management Company (AMC) is to act as the investment
manager of the Trust under the board supervision and the guidance of the Trustees.
Custodian and Depositories:
.The custodian is appointed by the Board of Trustees for safekeeping of securities or
participating in any clearance system through approved depository companies on behalf of
the Mutual Fund and it must fulfill its responsibilities in accordance with its agreement with
the Mutual Fund.
Bankers:
A Funds activities involve dealing in money on a continuous basis primarily with
respect to buying and selling units, paying for investment made, receiving the proceeds from
sale of the investments and discharging its obligations towards operating expenses. Thus the
Funds banker plays an important role to determine quality of service that the fund gives in
timely delivery of remittances etc.
Transfer Agents:
Transfer agents are responsible for issuing and redeeming units of the Mutual Fund
and provide other related services such as preparation of transfer documents and updating
investor records.
1.11 TYPES OF MUTUAL FUNDS SCHEMES IN

INDIA
Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial
position, risk tolerance and return expectations etc. thus mutual funds has Variety of flavors,
Being a collection of many stocks, an investors can go for picking a mutual fund might be
easy. There are over hundreds of mutual funds scheme to choose from. It is easier to think of
mutual funds in categories, mentioned below.
22
(A) BY STRUCTURE:
1. Open - Ended Schemes:
An open-end fund is one that is available for subscription all through the year. These
do not have a fixed maturity. Investors can conveniently buy and sell units at Net Asset Value
("NAV") related prices. The key feature of open-end schemes is liquidity.
2. Close - Ended Schemes:
A closed-end fund has a stipulated maturity period which generally ranging from 3 to
15 years. The fund is open for subscription only during a specified period. Investors can
invest in the scheme at the time of the initial public issue and thereafter they can buy or sell
the units of the scheme on the stock exchanges where they are listed. In order to provide an
exit route to the investors, some close-ended funds give an option of selling back the units to
the Mutual Fund through periodic repurchase at NAV related prices. SEBI Regulations
stipulate that at least one of the two exit routes is provided to the investor
23
3. Interval Schemes:
Interval Schemes are that scheme, which combines the features of open-ended and
close-ended schemes. The units may be traded on the stock exchange or may be open for sale
or redemption during pre-determined intervals at NAV related prices.
B) BY NATURE
1. Equity Fund:
These funds invest a maximum part of their corpus into equities holdings. The
structure of the fund may vary different for different schemes and the fund managers outlook
on different stocks. The Equity Funds are sub-classified depending upon their investment
objective, as follows:
Diversified Equity Funds
Mid-Cap Funds
Sector Specific Funds
Tax Savings Funds (ELSS)
2. Debt Funds:
The objective of these Funds is to invest in debt papers. Government authorities,
private companies, banks and financial institutions are some of the major issuers of debt
papers. By investing in debt instruments, these funds ensure low risk and provide stable
income to the investors. Debt funds are further classified as:
Gilt Funds: Invest their corpus in securities issued by Government, popularly known
as Government of India debt papers.
Income Funds: Invest a major portion into various debt instruments such as bonds,
corporate debentures and Government securities.
MIPs: Invests maximum of their total corpus in debt instruments while they take
minimum exposure in equities.
Short Term Plans (STPs): Meant for investment horizon for three to six months.
These funds primarily invest in short term papers like Certificate of Deposits (CDs)
and Commercial Papers (CPs).
24
Liquid Funds: Also known as Money Market Schemes, These funds provides easy
liquidity and preservation of capital. These schemes invest in short-term instruments
like Treasury Bills, inter-bank call money market, CPs and CDs..
3. Balanced Funds:
As the name suggest they, are a mix of both equity and debt funds. They invest in
both equities and fixed income securities, which are in line with pre-defined investment
objective of the scheme.
C) BY INVESTMENT OBJECTIVE:
1. Growth Schemes:
Growth Schemes are also known as equity schemes. The aim of these schemes is to
provide capital appreciation over medium to long term.
2 Income Schemes:
Income Schemes are also known as debt schemes. The aim of these schemes is to
provide regular and steady income to investors. These schemes generally invest in fixed
income securities such as bonds and corporate debentures. Capital appreciation in such
schemes may be limited.
3. Balanced Schemes:
Balanced Schemes aim to provide both growth and income by periodically
distributing a part of the income and capital gains they earn.
4. Money Market Schemes:
Money Market Schemes aim to provide easy liquidity, preservation of capital and
moderate income. These schemes generally invest in safer, short-term instruments, such as
treasury bills, certificates of deposit, commercial paper and inter-bank call money.
Load Funds:
A Load Fund is one that charges a commission for entry or exit. That is, each time
you buy or sell units in the fund, a commission will be payable. Typically entry and exit loads
range from 1% to 2%.
25
No-Load Funds:
A No-Load Fund is one that does not charge a commission for entry or exit. That is,
no commission is payable on purchase or sale of units in the fund.
D) OTHER SCHEMES:
1. Tax Saving Schemes:
Tax-saving schemes offer tax rebates to the investors under tax laws prescribed from
time to time. Under Sec.88 of the Income Tax Act, contributions made to any Equity Linked
Savings Scheme (ELSS) are eligible for rebate.
2. Index Schemes:
Index schemes attempt to replicate the performance of a particular index such as the BSE
Sensex or the NSE 50.
3. Sector Specific Schemes:
These are the funds/schemes which invest in the securities of only those sectors or industries
as specified in the offer documents. e.g. Pharmaceuticals, Software, Fast Moving Consumer
Goods (FMCG), Petroleum stocks, etc. The returns in these funds are dependent on the
performance of the respective sectors/industries.
1.12 SEBI Rules and Regulations for Mutual Fund:The following restrictions apply to mutual fund companies:
A mutual fund company may not purchase securities on margin.
A mutual fund company may not own a joint account that trades securities.
A mutual fund company may not affect a short sale of any security.
A mutual fund company may not purchase more than 3% of the outstanding voting
stock of another investment company.
26
Section 12b-1
Section 12b-1 of the Investment Company Act of 1940 allows the mutual fund company to
pay the principal underwriter for the costs of sales literature, promotional items and other
selling expenses by collecting 12b-1 fees. These fees are charged to fund's shares and are
permissible if the following conditions are met:
Payments to the principal underwriter are made according to a written plan that
outlines the proposed financing and distribution agreement
The majority of shareholders and majority of non affiliated directors initially approves
and continues to annually approve the plan
The board of directors reviews the payments under the plan at least quarterly
The plan and its related agreements may be terminated without penalty at any time
with 60 days written notice
Shareholder Rights
An investment company must abide by certain shareholder rights. The following activities are
prohibited unless approved by a majority shareholder vote:
A mutual fund company may not borrow money, make loans, buy or sell real estate,
or underwrite securities issued by other companies.
A mutual fund company may not change its investment objectives.
A mutual fund company may not change the nature of its business and cease acting as
an investment company.
A mutual fund company cannot change from a diversified form to an undiversified

one.
Shareholders must also receive certain semiannual financial reports, including the following:
A balance sheet and a statement of the fund's total investment value
An income statement for the period covered
A list of the securities' amounts and values on the date the balance sheet was issued
A statement of the salaries and other monies paid to the directors, advisory board and
officers
Total dollar amounts of securities purchases and sales
27
1.13
Frequently used terms:-
Net Asset Value (NAV)

Net Asset Value is the market value of the assets of the scheme minus its
liabilities. The per unit NAV is the net asset value of the scheme divided by the
number of units outstanding on the Valuation Date.
Sale Price
Is the price you pay when you invest in a scheme. Also called Offer Price. It
may include a sales load.
Repurchase Price
Is the price at which a close-ended scheme repurchases its units and it may
include a back-end load. This is also called Bid Price.
Redemption Price
Is the price at which open-ended schemes repurchase their units and closeended schemes redeem their units on maturity. Such prices are NAV related.
Sales Load
Is a charge collected by a scheme when it sells the units. Also called, Frontend load. Schemes that do not charge a load are called No Load schemes.
Repurchase or Back-endLoad
Is a charge collected by a scheme when it buys back the units from the unit
holders.
28
CHAPTER 2
Introduction
of Company
29
2.1 COMPANY PROFILE

Introduction:
SBI Mutual Fund (SBI MF) is one of the largest mutual funds in the country with an investor
base of over 5.8 million. With over 20 years of rich experience in fund management, SBI MF
brings forward its expertise in consistently delivering value to its investors.
SBI MF draws its strength from India's Largest Bank State Bank of India and Socit
Gnrale Asset Management, France
SBI Mutual Fund is Indias largest bank sponsored mutual fund and has an enviable
track record in judicious investments and consistent wealth cr eation. The fund traces
its lineage to SBI - Indias largest banking enterprise. The institution has grown
immensely since its inception and today it is India's largest bank, patronized by over
80% of the top corporate houses of the country. SBI Mutual Fund is a joint venture
between the State Bank of India and Society General Asset Management, one of the
worlds leading fund management companies that manages over US$ 500 Billio n
worldwide. At SBI Mutual Fund, resources are considerably devoted to gain,
maintain and sustain profitable insights into market movements. The trust reposed on
SBI-MF by over 5.4 million investors is a genuine tribute to its expertise in Fund
Management. SBI Mutual Fund is Indias largest bank sponsored mutual fund and has
an enviable track record in judicious investments and consistent wealth creation.
Their main motto is "Growth through innovation and stable investment policies."
The fund serves this vast family of investors by reaching out to them through network of over
130 points of acceptance, 29 investor service centers, 59 investor service desks and 6 Investor
Service Points.
SBI Mutual is the first bank-sponsored fund to launch an offshore fund Resurgent India
Opportunities Fund.
Growth through innovation and stable investment policies is the SBI MF credo.
Sponsor: State Bank of India
30
Trustee: SBI Mutual Fund Trustee Company Private Limited
Investment Manager: SBI Funds Management Private Limited Statutory Details: SBI
Mutual Fund (SBIMF); constituted as a Trust with SBIMFTCPL as the Trustee under the
provisions of Indian Trusts Act, 1882, and registered with SEBI.
Vision:
To be the most preferred and the largest fund house for all asset classes, with a consistent
track record of excellent returns and best standards in customer service, product innovation,
technology and HR practices.
Identity:
With 25 years of rich experience in fund management, we at SBI Funds Management Pvt.
Ltd. bring forward our expertise by consistently delivering value to our investors. We have a
strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest
bank. We are a Joint Venture between SBI and AMUNDI (France), one of the world's leading
fund management companies.
With our network of over 222 points of acceptance across India, we deliver value and nurture
the trust of our vast and varied family of investors.
Excellence has no substitute. And to ensure excellence right from the first stage of product
development to the post-investment stage, we are ably guided by our philosophy of growth
through innovation and our stable investment policies. This dedication is what helps our
customers achieve their financial objectives.
Services provided by them:

Mutual Funds:
Investors are our priority. Our mission has been to establish Mutual Funds as a viable
investment option to the masses in the country. Working towards it, we developed innovative,
need-specific products and educated the investors about the added benefits of investing in
capital markets via Mutual Funds.
Today, we have been actively managing our investor's assets not only through our investment
expertise in domestic mutual funds, but also offshore funds and portfolio management
advisory services for institutional investors.
This makes us one of the largest investment management firms in India, managing
investment mandates of over 5.4 million investors.
31
Portfolio Management and Advisory Services:
SBI Funds Management has emerged as one of the largest player in India advising various
financial institutions, pension funds, and local and international asset management
companies.
We have excelled by understanding our investor's requirements and terms of risk / return
expectations, based on which we suggest customized asset portfolio recommendations. We
also provide an integrated end-to-end customized asset management solution for institutions
in terms of advisory service, discretionary and non-discretionary portfolio management
services.
Offshore Funds:
SBI Funds Management has been successfully managing and advising India's dedicated
offshore funds since 1988. SBI Funds Management was the 1st bank sponsored asset
management company fund to launch an offshore fund called 'SBI Resurgent India
Opportunities Fund' with an objective to provide our investors with opportunities for longterm growth in capital, through well-researched investments in a diversified basket of stocks
of Indian Companies.
Investment Objective:
Setting benchmarks time and again. For our investors.
Our objective is to endeavor to outperform our benchmarks through well researched
investments in Indian equities. This is achieved by implementing an active management style
based on fundamental analysis, leading to the construction of a portfolio. It could be blended,
large cap, mid cap, or specific sector oriented - which aims at capturing the growth potential
of Indian equities.
32
2.2 INVESTMENT TEAM:

Navneet Munot
Executive Director & Chief Investment Officer
Vincent Fravel
Vice President Investments
Fund Managers Equity:
R. Srinivasan
Jayesh Shroff
Head Equities
Fund Manager
Sohini Andani
Richard DSouza
Fund Manager
Fund Manager
Raviprakash Sharma
Ruchit Mehta
Chief Dealer & Fund Manager
Fund Manager
Tanmay Desai
Saurabh Pant
Fund Manager
Fund Manager
Dharmendra Grover
Neeraj Kumar
Fund Manager
Dealer
33
Fund Managers - Fixed Income

Rajeev Radhakrishnan
Dinesh Ahuja
Head - Fixed Income
Fund Manager
R Arun
Dinesh Balachandran
Fund Manager
Fund Manager
Portfolio Management Services

Ajit Dange
Head PMS (Domestic Buseness)
Aashish Wakankar
Vice President PMS (Offshore)
Amruth Rao
Senior Fund Manager PMS (Debt)
TRUSTEES:
SBI Mutual Fund Trustee Company Private Limited (the Trustee), through its Board of
Directors discharge its obligations as Trustee of the SBI Mutual Fund. The Board of
Directors of SBI Mutual Fund Trustee Company Private Limited are as under
Shri T.L. Palani Kumar
Shri C.M. Dixit
Independent
Independent
Mr. Shriniwas Joshi
Mr. Krishnamurthy Vijayan
Independent
Independent
Ms. Anshula Kant
Mr. Richard Mendonca
Associate Director
Associate Director
34
MANAGEMENT TEAM :
Mr. Dinesh Kumar Khara
Mr. Philippe Batchevitch
MD & CEO
Deputy CEO
Mr.Arun Agrawal
Mr. Navneet Munot
Chief Operating Officer
Executive Director & Chief Investment

Officer
Mr. R. S. Srinivas Jain
Mr. D. P. Singh
Executive Director & Chief Marketing
Executive Director & Chief Marketing
Officer (Strategy and International Business)
Officer (Domestic Business)
Ms. Aparna Nirgude
Mr. Rakesh Kaushik
Chief Risk Officer
Senior Vice President (Accounts &

Administration)
Ms. Vinaya Datar
Mr. C. A. Santosh
CS & Compliance Officer
Head - Customer Service
2.3 AWARDS RECEIVED:

At SBI Funds Management, we devote considerable resources to gain, maintain and sustain
our profitable insights into market movements. The trust reposed on us by millions of
investors is a genuine tribute to our expertise in Fund Management and dedication to our
singular focus. And this has resulted in various awards and accolades for us from the fund
industry, motivating us to do better. Some of the awards won by us are listed below
35
2012
ICRA Mutual Fund Awards 2012 For Various Schemes

2011
Readers Digest Awards 2011 For Trusted Brand in Fund Management Category
ICRA Mutual Fund Awards 2011 For Magnum Income Fund - Floating Rate Plan - Long
Term Plan
2010
ICRA Mutual Fund Awards 2010 For Magnum Global Fund

2009
ICRA Mutual Funds Awards 2009 For Magnum Tax Gain Scheme 1993
The Lipper India Fund Awards 2009 For Various Schemes

2008
Outlook Money NDTV Profit Awards 2008
The Lipper India Fund Awards 2008 For Magnum Balanced Fund Dividend
ICRA Mutual Fund Awards 2008 For Various Schemes

2007
Outlook Money NDTV Profit Awards 2007
CNBC Awaaz Consumer Awards 2007
The Lipper India Fund Awards 2007 For Various Schemes
ICRA Mutual Funds Awards 2007 For Various Schemes
36
2.4 Various schemes/ Products of Sbi mutual fund:

1. EQUITY SCHEMES:
The primary objective of the equity asset class is to provide capital growth / appreciation by
investing in the equity and equity related instruments of companies over medium to long
term.
Equity/ Growth Funds:
SBI Magnum Equity Fund
SBI Magnum Global Fund
SBI BlueChip Fund
SBI Magnum Multicap Fund
SBI Magnum Multiplier Plus 1993
SBI Small and Midcap Fund
SBI Magnum Midcap Fund

Sectoral Funds:
SBI Emerging Businesses Fund
SBI Contra Fund
SBI FMCG Fund
SBI IT Fund
SBI Pharma Fund
Thematic Funds
SBI Magnum COMMA Fund
SBI Infrastructure Fund
SBI PSU Fund
ELSS Funds
SBI Magnum Taxgain Scheme 1993
SBI Tax Advantage Fund - Series I
SBI Tax Advantage Fund - Series II
SBI Tax Advantage Fund - Series III
37
Index Funds
SBI Nifty Index Fund
Market Neutral Strategy
SBI Arbitrage Opportunities Fund
2. DEBT / INCOME SCHEMES:
The schemes in this asset class generally invest in fixed income securities such as bonds,
corporate debentures, government securities (gilts), money market instruments, etc. and
provide regular and steady income to investors.
SBI Magnum Income Fund Floating Rate Plan - Savings Plus Bond Plan
SBI Corporate Bond Fund
SBI Magnum Income Fund
SBI Benchmark Gsec Fund
SBI Treasury Advantage Fund
SBI Inflation Indexed Bond Fund
SBI Dynamic Bond Fund
SBI Magnum Gilt Fund - Short Term Plan
SBI Magnum Gilt Fund - Long Term Plan
SBI Short Term Debt Fund
SBI Ultra Short Term Debt Fund
3. LIQUID SCHEMES:
The strategy for liquid funds include investments in short investment horizon, which includes
'cash' assets such as treasury bills, certificates of deposit and commercial paper.
SBI Magnum InstaCash Fund
SBI Magnum InstaCash Fund - Liquid Floater
SBI Premier Liquid Fund
4. HYBRID SCHEMES:
38
These schemes invest in a mixture of debt and equity securities in different proportions as
prescribed in the Scheme Information Document.
SBI Magnum Children's Benefit Plan
SBI EDGE Fund
SBI Magnum Balanced Fund
SBI Regular Savings Fund
SBI Magnum Monthly Income Plan
SBI Magnum Monthly Income Plan - Floater
5. FIXED MATURITY PLANS

These are closed ended debt schemes with a fixed maturity date and they invest in debt &
money market instruments maturing on or before the date of the maturity of the scheme.
SBI Debt Fund Series A - 1 (15 Months)
SBI Debt Fund Series A - 3 (420 Days)
SBI Debt Fund Series A - 7 (3 Years)
39
SBI Debt Fund Series 13 MONTHS 14
SBI Debt Fund Series 180 DAYS 26
40
SBI Fixed Interval Debt Series 90 DAYS 1
41
6. EXCHANGE TRADED SCHEMES

Exchange Traded Funds/ Schemes (ETFs) are a basket of securities that are traded on the
stock exchange.
SBI Gold Exchange Traded Scheme
SBI SENSEX ETF
7. FUND OF FUNDS SCHEMES:
A "Fund of Funds Scheme" means a mutual fund scheme that invests primarily in other
schemes of the same mutual fund or other mutual funds.
SBI Gold Fund
42
CHAPTER 3
Research
Methodology
43
3.1 Objective of study:

Primary objective:
Primary objective is to evaluate performance of selected open-ended schemes of Sbi

mutual fund.
Secondary objectives:
To understand mutual fund and its functioning.
Through this study, we can know how to invest in different selected open ended
equity regular plan growth schemes for better return.
It can help investors in deciding as to in which scheme they should invest.
To compare performance of various schemes by considering risk and return.
3.2 Research Design:

This study is descriptive because, it gives useful information from available data. All the
needed data are available on internet
3.3 Population:
Various Sbi mutual fund equity schemes
3.4 Sample Frame:

List of selected open ended equity regular plan growth fund schemes are sample frame of
study.
Schemes:
1.
SBI Arbitrage Opportunities fund
2.
SBI Magnum equity fund
3.
SBI Magnum Global fund
44
4.
SBI Magnum Multiplier plus scheme
5.
SBI CONTRA fund
6.
SBI Emerging business fund
7.
SBI FMCG fund
8.
SBI IT fund
9.
SBI Pharma fund
3.5 Sampling Technique:

Here, Judgmental technique is to be used as here different open ended equity regular plan
growth schemes are selected as per their availability. Here different schemes are selected as
per their similarity and then comparison is done.
3.6 Source of data:

Here, Secondary sources are to be used. Sources were collected through Companys website,
magazines, newspapers, etc
3.7 Sample size:

1 year (2014) monthly Navs
3.8 Data collection:

Here data is collected from secondary source. Collection of data is based on availability and
similarity of different Sbi mutual fund schemes.
3.9 Analysis of data:

Here analysis is done by preparing charts and tables from the available data and comparison
is done to find out which Sbi equity regular plan growth scheme is giving maximum return
45
with minimum risk. Data analysis is done by calculating return of each scheme from the
available NAV. For that various tools like standard deviation and correlation were used.
3.10 Limitations of work:

1. Samples sizes is limiting factor, Data of only twelve months has been taken.
2. Past performance may not guarantee the future return.
3. The statistical tools used have many inbuilt limitations in them.
4. SBI is a very large group but in this project only same part are studied.
5. All data collected is of secondary in nature. Any limitation in the accuracy of the
secondary data carries forward to the analysis made.
6. Ten schemes are taken excluding others, so exact scenario of open ended equity
schemes in market remains unknown.
3.11 Scope of study:

It is very helpful for those who want to invest in mutual funds and other funds an who want
to expand their knowledge regarding various schemes of Sbi mutual fund. Helps to identify
the overall performance of this fund and also to identify the importance of mutual fund in
overall financial marker
For which sector the investment of SBI Mutual fund is necessary so finally from this project
the importance of SBI mutual fund can be drawn.
46
CHAPTER 4
Data Analysis
47
Data Analysis:
Proposed Analysis Methodology:
Analysis and interpretation are central steps in the research process. The goal of analysis
is to summarize the collected data in such a way that they provide answers to the question
that triggered the research. Interpretation is the search for the broader meaning of research
findings. This research has two major aspects. First, there is a effort to establish
continuity in research through linking the results of one study with those of another.
Secondly, Interpretation leads to the establishment of explanatory concepts.
Through interpretation, the meanings and implications of the study become clear.
Analysis is not complete without interpretation and interpretation cannot proceed without
analysis. Both are thus, Interdependent.. In fact interpretation can be conceived of as a
part of analysis. It is the task of interpretation to find out a link (or) a position of the study
in the whole analytical framework, it connects the findings with the established theories
(or) the available stock of knowledge in a particular area of research.
Although, Chronologically, analysis and interpretation occupy the last stage of the
research process they occupy the first stage since the necessary theoretical and practical
knowledge of the future shape of the result is acquired much before the actual work is
undertaken.
48
Concept of NAV:
The units are available continuously for sale on all working days at NAV related prices
except during the period when there is a book closure.
The Performance of a particular scheme of a mutual fund is denoted by Net Asset Value
(NAV).
Mutual fund invests the money collected from the investors in the securities markets. In
simple words, Net Asset Value is the market value of securities held by the scheme. Since
market value of securities change everyday, NAV of a scheme also varies on day to day
basis. The NAV per unit is the market value of securities of a scheme divided by the total
number of units of the scheme on a particular date.
For example:
If the market value of securities of a mutual fund scheme is Rs 200 Lakh and the mutual fund
has issued 10 lakh units of Rs.10 each to the investors, then the NAV per unit of the fund is
Rs.20. NAV is required to be disclosed by the mutual funds on a regular basis- daily or
weekly- depending on the type of scheme.
The Following formula is utilized for calculating NAV per unit:
NAV = Total Assets total Liabilities

Total no. of outstanding units
49
Concept of return (Rx)

Return means income received on an investment plus any change in market price usually
expressed as a present of the beginning market price of the investment. But from the
investors point of view, the most important outcome from an investment is the rate of return.
The return from an investment is the realizable cash flow earned by its owner during a given
period of time.
The following formula is utilized for calculating NAV per unit:
Rate of return = (Closing NAV Opening NAV) * 100
Opening NAV
Concept of Risk:
There are five main indicators of investment risk that apply to the analysis of
stocks, bonds and mutual
fund portfolios.
They
are alpha, beta, r-squared,
standard
deviation and the Sharpe ratio. These statistical measures are historical predictors of
investment risk/volatility and are all major components of modern portfolio theory (MPT).
The MPT is a standard financial and academic methodology used for assessing the
performance of equity, fixed-income and mutual fund investments by comparing them to
market benchmarks.
All of these risk measurements are intended to help investors determine the riskreward parameters of their investments.
50
Tools for Analysis:

For the calculation of RISK and RETURN following measurement terms are used.
BETA:
Beta is used to describe relationship between the stocks return and market indexs return. If
beta is -1 means, 1% change in the market index shows that it is on an average accompanied
by a 1% change in the security price. Beta may be +ve or ve. Usually Beta are found to be
+ve. We rarely find a negative beta, which reflects a movement contrary to the market. 0.5%
price change in security. It is useful pieces of information for both far individual stock as well
as portfolios, but as a measure of portfolio.
In short beta is 1, the script risk is the same as the market risk. If beta is greater than 1, the
script risk is more than the market risk & if beta is less than 1, the script risk is less than the
market risk. If beta is zero, stock price is unrelated to market index.
ALPHA:
Alpha is a measure of investments performance on a risk adjusted basis. It takes the
volatility of a security or fund portfolio and compares its risk adjusted performance to a
benchmark index. The access return of the investment relative to the return of the benchmark
index is its alpha.
Simply stated, alpha is often considered to represent the value that a portfolio manager adds
or subtracts from a fun portfolios return. A positive alpha of 1.0 means the fund has
outperformed its benchmark index by 1%. A similar negative alpha would indicate an
underperformance of 1%. For investors, the more positive alpha is the better it is.
51
STANDARD DEVIATION:
It measures dispersion of expected returns. It is statistical concept & is used to measure risk
of single security. A high S.D. represents a large dispersion of return & is a vise-a- versa.
CO-EFFICIENT CORRELATION:
It is a measure to indicate the similarity or the dissimilarity in the behaviour of 2 securities.
Range of it is from -1 to +1, it shows minimum risk of holding 2 securities. If rxy= +1,it
shows maximum risk of holding 2 securities.
AVERAGE RETURN:
It shows the average return of NAV of different schemes in calculation.
SHARP CALCULATION:
It shows the risk factor involve in the schemes. It measures the difference between average
return on NAV and S.D.
52
SBI ARBITRAGE OPPOURTUNITIES FUND:

Calculation of return
Year=2014
Return= NAV in the closing- NAV in the opening
NAV in the opening
Month
opening value
Jan
closing value
P1-P0
(P1-P0)/P0*100
17.23
17.23
Feb
17.23
17.33
0.1
0.58
Mar
17.33
17.45
0.12
0.69
Apr
17.45
17.59
0.14
0.80
May
17.59
17.73
0.14
0.80
Jun
17.73
17.82
0.09
0.51
Jul
17.82
17.98
0.16
0.90
Aug
17.98
18.1
0.12
0.67
Sep
18.1
18.2
0.1
0.55
Oct
18.2
18.32
0.12
0.66
Nov
18.32
18.41
0.09
0.49
Dec
18.41
18.55
0.14
0.76
7.41
Total return
53
SBI MAGNUM MULTIPLIER PLUS SCHEME:

Calculation of return:
Year=2014
NAV in the opening
Month
opening value
closing value
P1-P0
(P1P0)/P0*100
94.59 `
Jan
94.59
Feb
94.59
98.5
3.91
4.13
Mar
98.5
103.36
4.86
4.93
Apr
103.36
104.56
1.2
1.16
May
104.56
114.72
10.16
9.72
Jun
114.72
123.47
8.75
7.63
Jul
123.47
124.51
1.04
0.84
Aug
124.51
131.43
6.92
5.56
Sep
131.43
133.33
1.9
1.45
Oct
133.33
138.23
4.9
3.68
Nov
138.23
144.44
6.21
4.49
Dec
144.44
143.95
-0.49
-0.34
43.25
Total return
54
SBI CONTRA FUND

Calculation of return:
Year=2014
NAV in the opening
Month
opening value
Jan
closing value
P1-P0
(P1-P0)/P0*100
55.96
55.96
Feb
55.96
57.88
1.92
3.43
Mar
57.88
61.95
4.07
7.03
Apr
61.95
62.41
0.46
0.74
May
62.41
67.8
5.39
8.64
Jun
67.8
72.15
4.35
6.42
Jul
72.15
73.02
0.87
1.21
Aug
73.02
77.32
4.3
5.89
Sep
77.32
78.05
0.73
0.94
Oct
78.05
80.93
2.88
3.69
Nov
80.93
85.16
4.23
5.23
Dec
85.16
85.23
0.07
0.08
43.30
Total return
55
SBI EMERGING FUND:

Calculation of return
Year=2014
NAV in the opening
Month
opening value
Jan
closing value
P1-P0
54.17
54.17
(P1P0)/P0*100
Feb
54.17
54.75
0.58
1.07
Mar
54.75
59.39
4.64
8.47
Apr
59.39
60.68
1.29
2.17
May
60.68
66.86
6.18
10.18
Jun
66.86
72.85
5.99
8.96
Jul
72.85
76.08
3.23
4.43
Aug
76.08
78.69
2.61
3.43
Sep
78.69
81.68
2.99
3.80
Oct
81.68
82.92
1.24
1.52
Nov
82.92
86.38
3.46
4.17
Dec
86.38
89.06
2.68
3.10
51.32
Total return
56
SBI FMCG FUND

Year=2014
NAV in the opening
Month
opening value
Jan
closing value
P1-P0
53.84
53.84
(P1P0)/P0*100
Feb
53.84
53.59
-0.25
-0.46
Mar
53.59
57.25
3.66
6.83
Apr
57.25
57.21
-0.04
-0.07
May
57.21
58.5
1.29
2.25
Jun
58.5
58.98
0.48
0.82
Jul
58.98
63.14
4.16
7.05
Aug
63.14
64.32
1.18
1.87
Sep
64.32
68.45
4.13
6.42
Oct
68.45
68.34
-0.11
-0.16
Nov
68.34
70.29
1.95
2.85
Dec
70.29
71.87
1.58
2.25
Total
return
29.65
57
SBI IT FUND
Year=2014
NAV in the opening
Month
opening value
Jan
closing value
P1-P0
36.74
36.74
(P1P0)/P0*100
Feb
36.74
38.51
1.77
4.82
Mar
38.51
34.56
-3.95
-10.26
Apr
34.56
34.77
0.21
0.61
May
34.77
33.84
-0.93
-2.67
Jun
33.84
37.72
3.88
11.47
Jul
37.72
39.14
1.42
3.76
Aug
39.14
41.48
2.34
5.98
Sep
41.48
44.07
2.59
6.24
Oct
44.07
44.58
0.51
1.16
Nov
44.58
46.85
2.27
5.09
Dec
46.85
45.52
-1.33
-2.84
23.36
Total return
58
SBI Pharma fund

Year=2014
NAV in the opening
Month
opening value
Jan
closing value P1-P0

77.93
77.93
(P1P0)/P0*100
Feb
77.93
84.13
6.2
7.96
Mar
84.13
79.08
-5.05
-6.00
Apr
79.08
82.75
3.67
4.64
May
82.75
79.27
-3.48
-4.21
Jun
79.27
90.76
11.49
14.49
Jul
90.76
97.91
7.15
7.88
Aug
97.91
104.44
6.53
6.67
Sep
104.44
111.86
7.42
7.10
Oct
111.86
111.77
-0.09
-0.08
Nov
111.77
118.29
6.52
5.83
Dec
118.29
118.66
0.37
0.31
Total
return
44.60
59
SBI Magnum Equity fund

Year=2014
NAV in the opening
Month
opening value
closing value
Jan
P1-P0
(P1P0)/P0*100
49.06
49.06
Feb
49.06
50.59
1.53
3.12
Mar
50.59
53.96
3.37
6.66
Apr
53.96
54.16
0.2
0.37
May
54.16
58.44
4.28
7.90
Jun
58.44
62.09
3.65
6.25
Jul
62.09
63.03
0.94
1.51
Aug
63.03
66.34
3.31
5.25
Sep
66.34
66.58
0.24
0.36
Oct
66.58
69.76
3.18
4.78
Nov
69.76
73.36
3.6
5.16
Dec
73.36
72.1
-1.26
-1.72
39.65
Total return

60
Year=2014
NAV in the opening
Month
opening value
Jan
Closing value
P1-P0
(P1-P0)/P0*100
72.78
72.78
Feb
72.78
75
2.22
3.05
Mar
75
81.34
6.34
8.45
Apr
81.34
82
0.66
0.81
82
90.26
8.26
10.07
Jun
90.26
97.83
7.57
8.39
Jul
97.83
100.1
2.27
2.32
Aug
100.1
108.53
8.43
8.42
Sep
108.53
112.39
3.86
3.56
Oct
112.39
114.69
2.3
2.05
Nov
114.69
119.13
4.44
3.87
Dec
119.13
124.36
5.23
4.39
May
55.38
Total return
61
Calculation of Risk:
1. SBI Arbitrage opportunities fund:
Month
January
S&P CNX
Return
Nifty
6,089.50
NAV
Return
17.23
February
6,276.95
3.08
17.33
0.58
March
6,704.20
6.81
17.45
0.69
April
6,696.40
-0.12
17.59
0.80
May
7,229.95
7.97
17.73
0.80
June
7,611.35
5.28
17.82
0.51
July
7,721.30
1.44
17.98
0.90
August
7,954.35
3.02
18.1
0.67
September
7,964.80
0.13
18.2
0.55
October
8,322.20
4.49
18.32
0.66
November
8,588.25
3.20
18.41
0.49
December
8,282.70
-3.56
18.55
0.76
31.73
Total
7.41
Average return
0.62
S.D
0.13
Sharpe Calculation
4.77
Correlation
0.97
Alpha
0.69
Beta
-0.01
62
Calculation of risk:
2. SBI Magnum Multiplier Plus Scheme:
month
S&P CNX
Return
Nifty
6,089.50
January
NAV
Return
94.59
February
6,276.95
3.08
98.5
4.13
March
6,704.20
6.81
103.36
4.93
April
6,696.40
-0.12
104.56
1.16
May
7,229.95
7.97
114.72
9.72
June
7,611.35
5.28
123.47
7.63
July
7,721.30
1.44
124.51
0.84
August
7,954.35
3.02
131.43
5.56
September
7,964.80
0.13
133.33
1.45
October
8,322.20
4.49
138.23
3.68
November
8,588.25
3.20
144.44
4.49
December
8,282.70
-3.56
143.95
-0.34
31.73
Total
43.25
Average return
3.60
S.D
3.05
Sharpe Calculation
1.18
Correlation
0.99
Alpha
1.59
Beta
0.81
63
3. SBI CONTRA Fund:
Month
January
S&P CNX
Return
Nifty
6,089.50
NAV
Return
55.96
February
6,276.95
3.08
57.88
3.43
March
6,704.20
6.81
61.95
7.03
April
6,696.40
-0.12
62.41
0.74
May
7,229.95
7.97
67.8
8.64
June
7,611.35
5.28
72.15
6.42
July
7,721.30
1.44
73.02
1.21
August
7,954.35
3.02
77.32
5.89
September
7,964.80
0.13
78.05
0.94
October
8,322.20
4.49
80.93
3.69
November
8,588.25
3.20
85.16
5.23
December
8,282.70
-3.56
85.23
0.08
31.73
Total
43.30
Average return
3.61
S.D
2.92
Sharpe Calculation
1.24
Correlation
0.99
Alpha
1.61
Beta
0.81
64
4. SBI Emerging Business Fund:
Month
January
S&P CNX
Return
Nifty
6,089.50
NAV
Return
54.17
February
6,276.95
3.08
54.75
1.07
March
6,704.20
6.81
59.39
8.47
April
6,696.40
-0.12
60.68
2.17
May
7,229.95
7.97
66.86
10.18
June
7,611.35
5.28
72.85
8.96
July
7,721.30
1.44
76.08
4.43
August
7,954.35
3.02
78.69
3.43
September
7,964.80
0.13
81.68
3.80
October
8,322.20
4.49
82.92
1.52
November
8,588.25
3.20
86.38
4.17
December
8,282.70
-3.56
89.06
3.10
31.73
Total
51.32
Average return
4.28
S.D
3.12
Sharpe Calculation
1.37
Correlation
0.99
Alpha
2.89
Beta
0.61
65
5. SBI FMCG Fund:
Month
January
S&P CNX
Return
Nifty
6,089.50
NAV
Return
53.84
February
6,276.95
3.08
53.59
-0.46
March
6,704.20
6.81
57.25
6.83
April
6,696.40
-0.12
57.21
-0.07
May
7,229.95
7.97
58.5
2.25
June
7,611.35
5.28
58.98
0.82
July
7,721.30
1.44
63.14
7.05
August
7,954.35
3.02
64.32
1.87
September
7,964.80
0.13
68.45
6.42
October
8,322.20
4.49
68.34
-0.16
November
8,588.25
3.20
70.29
2.85
December
8,282.70
-3.56
71.87
2.25
31.73
Total
Average return
2.47
S.D
2.83
Sharpe Calculation
0.87
Correlation
0.94
Alpha
2.72
Beta
-0.01
29.65
66
6. SBI IT Fund:
month
January
S&P CNX
Return
Nifty
6,089.50
NAV
Return
36.74
February
6,276.95
3.08
38.51
4.82
March
6,704.20
6.81
34.56
-10.26
April
6,696.40
-0.12
34.77
0.61
May
7,229.95
7.97
33.84
-2.67
June
7,611.35
5.28
37.72
11.47
July
7,721.30
1.44
39.14
3.76
August
7,954.35
3.02
41.48
5.98
September
7,964.80
0.13
44.07
6.24
October
8,322.20
4.49
44.58
1.16
November
8,588.25
3.20
46.85
5.09
December
8,282.70
-3.56
45.52
-2.84
31.73
Total
23.36
Average return
1.95
S.D
5.85
Sharpe Calculation
0.33
Correlation
0.81
Alpha
2.84
Beta
-0.25
67
7. SBI Pharma Fund:
Month
S&P CNX
Return
Nifty
6,089.50
January
NAV
Return
77.93
February
6,276.95
3.08
84.13
7.96
March
6,704.20
6.81
79.08
-6.00
April
6,696.40
-0.12
82.75
4.64
May
7,229.95
7.97
79.27
-4.21
June
7,611.35
5.28
90.76
14.49
July
7,721.30
1.44
97.91
7.88
August
7,954.35
3.02
104.44
6.67
September
7,964.80
0.13
111.86
7.10
October
8,322.20
4.49
111.77
-0.08
November
8,588.25
3.20
118.29
5.83
December
8,282.70
-3.56
118.66
0.31
31.73
Total
44.60
Average return
3.72
S.D
5.99
Sharpe Calculation
0.62
Correlation
0.91
Alpha
5.45
Beta
-0.48
68
8. SBI Magnum Equity Fund:
Month
S&P CNX
Return
Nifty
6,089.50
January
NAV
Return
49.06
February
6,276.95
3.08
50.59
3.12
March
6,704.20
6.81
53.96
6.66
April
6,696.40
-0.12
54.16
0.37
May
7,229.95
7.97
58.44
7.90
June
7,611.35
5.28
62.09
6.25
July
7,721.30
1.44
63.03
1.51
August
7,954.35
3.02
66.34
5.25
September
7,964.80
0.13
66.58
0.36
October
8,322.20
4.49
69.76
4.78
November
8,588.25
3.20
73.36
5.16
December
8,282.70
-3.56
72.1
-1.72
31.73
Total
39.65
Average return
3.30
S.D
3.09
Sharpe Calculation
1.07
Correlation
0.96
Alpha
1.01
Beta
0.90
69
9. SBI Magnum Global Fund:
month
S&P CNX
Return
Nifty
6,089.50
January
NAV
Return
72.78
February
6,276.95
3.08
75
3.05
March
6,704.20
6.81
81.34
8.45
April
6,696.40
-0.12
82
0.81
May
7,229.95
7.97
90.26
10.07
June
7,611.35
5.28
97.83
8.39
July
7,721.30
1.44
100.1
2.32
August
7,954.35
3.02
108.53
8.42
September
7,964.80
0.13
112.39
3.56
October
8,322.20
4.49
114.69
2.05
November
8,588.25
3.20
119.13
3.87
December
8,282.70
-3.56
124.36
4.39
31.73
Total
55.38
Average return
4.62
S.D
3.19
Sharpe Calculation
1.45
Correlation
0.98
Alpha
3.28
Beta
0.61
70
SBI Arbitrage Opportunities Fund:
9000
19
18.5
8000
18
7000
17.5
6000
17
16.5
Ja
n
u
Fe ary
bu
a
M ry
ar
ch
Ap
ril
M
ay
Ju
ne
Ju
l
Se Aug y
pt us
em t
b
O er
c
N to
ov be
e r
De mb
ce er
m
be
r
5000
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI Arbitrage oppourtunities fund and nifty index values for the y
ear 2014
As from above data it can be seen that with the increase in nifty index, the NAV of the
scheme is also increasing.
As against risk of of risk of 0.13, which means that the chances 0.13% average return is
deviated from expected return and there is a return of 7.41.
The scheme indicates alpha of 0.69 which means the fund has outperformed its benchmark
index by 0.69% and also there can be deviation of 0.69% in the actual returns and expected
returns.
The scheme indicates beta = -0.01 indicates that the investment will be less volatile than the
market.
Here the Sharpe ratio is 4.77 means 4.77% of risk is involved in the difference between
average return and risk.
71
SBI Magnum Multiplier Plus Scheme:
SBI Magnum Multiplier Plus Scheme

10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
160
140
120
100
80
60
40
20
Ja
n
Fe uar
bu y
a
M ry
ar
c
Ap h
r
M il
a
Ju y
ne
J
Se Au ul y
pt gu
em st
O be
N cto r
ov b
De em er
ce be
m r
be
r
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI Magnum Multiplier plus Scheme and nifty index values for
the year 2014
returns.
The scheme indicates beta = 0.81 which indicates that the investment will be less volatile
than the market.
72
SBI CONTRA Fund:
SBI CONTRA Fund

10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
90
80
70
60
50
40
30
20
10
Ja
nu
Fe ar
bu y
a
M ry
ar
ch
Ap
ril
M
a
Ju y
ne
Ju
Se Au l y
pt gu
em st
O ber
N cto
ov be
e r
De mb
ce er
m
be
r
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI CONTRA Scheme and nifty index values for the year 2014
returns.
than the market.
73
SBI Emerging Business Fund:
SBI Emerging Business Fund

100
90
80
70
60
50
40
30
20
10
0
Ja
nu
Fe ar
bu y
a
M ry
ar
ch
Ap
ril
M
a
Ju y
ne
Ju
Se Au l y
pt gu
em st
O be
N cto r
ov be
e
De mb r
ce er
m
be
r
10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI Emerging Business Scheme and nifty index values for the
year 2014
returns.
than the market.
74
SBI FMCG Fund:
SBI FMCG Fund

10,000.00
80
9,000.00
8,000.00
70
7,000.00
6,000.00
50
60
5,000.00
40
4,000.00
3,000.00
30
2,000.00
1,000.00
10
20
Ja
nu
Fe ary
bu
a
M ry
ar
ch
Ap
ril
M
ay
Ju
ne
Ju
Se Aug l y
pt us
em t
O be r
N cto
ov be
e r
De mb
ce er
m
be
r
0.00
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI FMCG Scheme and nifty index values for the year 2014
returns.
The scheme indicates beta = -0.01 which indicates that the investment will be less volatile
than the market.
75
SBI IT Fund:
SBI IT Fund
50
45
40
35
30
25
20
15
10
5
0
Ja
n
Fe uar
bu y
a
M ry
ar
c
Ap h
ri
M l
a
Ju y
ne
J
Se Au ul y
pt gu
em st
O c be
No to r
v be
De em r
ce ber
m
be
r
10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI IT Scheme and nifty index values for the year 2014
As against risk of of risk of 5.85, which is quite higher, means that the chances 5.85%
average return is deviated from expected return and there is a return of 23.36 which is not so
high.
returns.
than the market.
76
SBI Pharma Fund:
SBI Pharma Fund

10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
140
120
100
80
60
40
20
Ja
nu
Fe ary
bu
a
M ry
ar
ch
Ap
ril
M
ay
Ju
ne
Ju
Se Aug l y
pt us
em t
Oc ber
No to
ve ber
De mb
ce er
m
be
r
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI Pharma Scheme and nifty index values for the year 2014
As against risk of of risk of 5.99, which is highest among all schemes, means that the
chances 5.99% average return is deviated from expected return and there is a return of 44.60.
The scheme indicates alpha of 5.45 which is highest among all schemes means the fund has
outperformed its benchmark index by 5.45% and also there can be deviation of 5.45% in the
actual returns and expected returns.
The scheme indicates beta = -0.48 which indicates that the investment will be less volatile
than the market.
77
SBI Magnum Equity Fund:
Sbi Magnum Equity fund

80
70
60
50
40
30
20
10
0
Ja
n
Fe uar
bu y
M ary
ar
c
Ap h
r
M il
ay
Ju
ne
Se Au Jul y
pt gu
em st
O be
N cto r
ov b
De em er
ce ber
m
be
r
10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI Magnum Equity fund and nifty index values for the year 2014
As against risk of 3.09 indicates that there are chances 3.09% average return is deviated from
expected return and there is a return of 39.65.
The scheme indicates alpha of 1.01 means the fund has outperformed its benchmark index by
1.01% and also there can be deviation of 1.01% in the actual returns and expected returns.
than the market.
78
SBI Magnum Global Fund:

10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
140
120
100
80
60
40
20
January
Febuary
March
April
May
June
July
August
September
October
November
December
S&P CNX Nifty
NAV
Interpretation:
The graph shows, NAV of SBI Magnum Global Scheme and nifty index values for the year
2014
As against risk of 3.19 indicates that there are chances 3.19% average return is deviated from
expected return and there is a return of 55.38.
The scheme indicates alpha of 3.28 means the fund has outperformed its benchmark index by
3.28% and also there can be deviation of 3.28% in the actual returns and expected returns.
than the market.
79
Average return:
1.
0.62
2.
3.30
3.
4.62
4.
3.60
5.
SBI CONTRA fund
3.61
6.
4.28
7.
SBI FMCG fund
2.47
8.
SBI IT fund
1.95
9.
SBI Pharma fund
3.72
80
Correlation Co-efficient
1.
0.97
2.
0.96
3.
0.98
4.
0.99
5.
SBI CONTRA fund
0.99
6.
0.99
7.
SBI FMCG fund
0.94
8.
SBI IT fund
0.81
9.
SBI Pharma fund
0.91
81
Standard Deviation:
1.
0.13
2.
3.09
3.
3.19
4.
3.05
5.
SBI CONTRA fund
2.92
6.
3.12
7.
2.83
BI FMCG fund
8.
SBI IT fund
5.85
9.
SBI Pharma fund
5.99
82
Alpha:
1.
0.69
2.
1.01
3.
3.29
4.
1.59
5.
SBI CONTRA fund
1.61
6.
2.89
7.
SBI FMCG fund
2.72
8.
SBI IT fund
2.84
9.
SBI Pharma fund
5.45
83
Beta:
1.
-0.01
2.
0.90
3.
0.61
4.
0.81
5.
SBI CONTRA fund
0.81
6.
0.61
7.
SBI FMCG fund
-0.01
8.
SBI IT fund
0.25
9.
SBI Pharma fund
-0.48
84
Sharpe Calculation:
p
4.77
2.
1.07
3.
1.45
4.
1.18
5.
SBI CONTRA fund
1.24
6.
1.37
7.
SBI FMCG fund
0.87
8.
SBI IT fund
0.33
9.
SBI Pharma fund
0.62
85
CHAPTER 5
Findings
86
FINDINGS:
1) SBI Arbitrage opportunities fund (G) has risk = 0.13, Beta = -0.01, Alpha = 0.69, Average
return = 0.62 and Sharpe calculation = 4.77, Correlation Co-efficient = 0.97
2) SBI Magnum Multiplier plus fund (G) has risk = 3.05, Beta = 0.81, Alpha = 1.59,
Average return = 3.60 and Sharpe calculation = 1.18, Correlation Co-efficient = 0.99
3) SBI Contra fund (G) has risk = 2.92, Beta = 0.81, Alpha = 1.61, Average return = 3.61
and Sharpe calculation = 1.24, Correlation Co-efficient = 0.99
4) SBI Emerging Business fund (G) has risk = 3.12, Beta = 0.61, Alpha = 1.61, Average
return = 4.28 and Sharpe calculation = 1.37, Correlation Co-efficient = 0.99
5) SBI FMCG fund (G) has risk = 2.83, Beta = -0.01, Alpha = 2.72, Average return = 2.47
6) SBI IT fund (G) has risk = 5.85, Beta = 0.25, Alpha = 2.84, Average return = 1.95 and
Sharpe calculation = 0.33, Correlation Co-efficient = 0.81
7) SBI Pharma fund (G) has risk = 5.99, Beta = -0.48, Alpha = 5.45, Average return = 3.72
8) SBI Magnum Equity fund (G) has risk = 3.09, Beta = 0.90, Alpha = 1.01, Average return
= 3.30 and Sharpe calculation = 1.07, Correlation Co-efficient = 0.96
9) SBI Magnum global fund (G) has risk = 3.19, Beta = 0.61, Alpha = 3.28, Average return =
4.62 and Sharpe calculation = 1.45, Correlation Co-efficient = 0.98
Out of all funds, Magnum Equity Fund (G) comes out to be more Aggressive having beta
0.99.
The riskiest fund during the period is Sbi Pharma fund having standard deviation of 5.99 and
the least risky fund is Sbi Arbitrage opportunities fund having standard deviation of 0.13
The riskiest fund during the period is Sbi Magnum Global fund having Sharpe calculation of
1.45 and the least risky fund is Sbi IT fund having Sharpe calculation of 0.33
87
CHAPTER 5
Conclusion and
Suggestions
88
CONCLUSION:
Overall in finance about performance of mutual fund in India mutual fund have a lot
of potential to grow. Mutual fund companies have to create and market innovative products
and frame long term marketing strategies. Product innovation will be one of the key
determinants to success.
The mutual fund industry has to bring many innovative concept such as high yield
bond funds, principal protected fund long short term fund , arbitrage funds, dynamic funds
and precious metal funds. The penetration of mutual funds can be increased through investor
education, providing investororiented value added services, and innovative distribution
channels. Mutual funds have failed during the bearish market conditions. To sell successfully
during the bear market, there is a need to educate the investor about risk adjust return and
total portfolio return to enable them to take an inform decision. Mutual funds need to develop
a wide distribution network to increase its reach and tap investment from all concerns and
segments. Increased use of internet time and development of alternative channels such as
financial advisors can play a vital role in increasing the potential of mutual funds.
The retail participation in mutual fund is still low on account of incorrect positioning
of mutual fund products, industry focus on wholesale market, investors preference for
guaranteed return product and industry inability to make inroads into smaller towns. There is
need for retail participation. Selling mutual funds require competence in identifying and
matching investors needs. Moreover, they need to educate investors that mutual fund help to
build capital, not to be become rich overnight. Mutual fund have come a long way, but a lot
more can be done.
Here Magnum Equity Global Fund has highest average return of 4.62 and standard deviation
of 3.19 which is good. It is always believed High risk, High returns From this point of view
Sbi Pharma fund has highest standard deviation of 3.09 and Average return of 3.30 which
seems best among all schemes. So according to me investing in any of above schemes will
give good results.
89
Bibliography
About Mutual fund. (n.d.). Retrieved from http://aboutmf.com/concept-nav/
AMFI. (n.d.). Retrieved from https://www.amfiindia.com/net-asset-value/nav-history
Economictimes.indiatimes. (n.d.). Retrieved from
http://economictimes.indiatimes.com/sbi-mutual-fund/mutual_funds_search/amcid Indiastudy Channel. (n.d.). Retrieved from
25.cmshttp://www.indiastudychannel.com/resources/51073-Mutual-Fund-IndianMarket-Scenario.aspx
Investopedia. (n.d.). Retrieved from http://www.investopedia.com
NSE INDIA. (n.d.). Retrieved from
http://www.google.com/finance/historical?q=NSE:NIFTY
SBI Mutual Fund.(n.d.).Retrieved from
http://www.sbimf.com/Scheme_Snapshots/Equity.aspx
SBI Mutual Fund. (n.d.). Retrieved from
http://www.sbimf.com/AboutUs/Awards_Achievements.aspx
SBI Mutual Fund. (n.d.). Retrieved from
http://www.sbimf.com/Downloads/LatestNAV.aspx
thinkrupee. (n.d.). Retrieved from http://www.thinkrupee.com/mutual-fund/sbimutual-fund.php
Wikipedia. (n.d.). Retrieved from http://en.wikipedia.org/wiki/mutual funds
90
ANNEXURE
Date
Open
High
Low
Close
Feb 28, 2014
6,228.45
6,282.70
6,228.10
6,276.95
Mar 31, 2014
6,723.15
6,730.05
6,662.40
6,704.20
Apr 30, 2014
6,724.95
6,780.15
6,656.80
6,696.40
Jun 30, 2014
7,534.05
7,623.65
7,531.60
7,611.35
Jul 31, 2014
7,784.65
7,791.85
7,711.15
7,721.30
Aug 28, 2014
7,942.25
7,967.80
7,939.20
7,954.35
Sep 30, 2014
7,948.80
8,030.90
7,923.85
7,964.80
Oct 31, 2014
8,200.80
8,330.75
8,198.05
8,322.20
Nov 28, 2014
8,516.80
8,617.00
8,516.25
8,588.25
Dec 31, 2014
8,243.90
8,291.00
8,243.75
8,282.70
Products
NAV
Date
EQUITY
SBI Arbitrage Opportunities Fund - Regular Plan - Growth
18.5464
31-Dec-2014
18.5387
30-Dec-2014
18.5374
29-Dec-2014
18.5198
26-Dec-2014
18.4991
24-Dec-2014
18.5166
23-Dec-2014
18.5108
22-Dec-2014
18.5010
19-Dec-2014
18.4887
18-Dec-2014
18.4803
17-Dec-2014
18.4640
16-Dec-2014
18.4538
15-Dec-2014
18.4473
12-Dec-2014
18.4447
11-Dec-2014
91
18.4334
10-Dec-2014
18.4374
09-Dec-2014
18.4436
08-Dec-2014
18.4402
05-Dec-2014
18.4321
04-Dec-2014
18.4264
03-Dec-2014
18.4185
02-Dec-2014
18.4242
01-Dec-2014
18.4086
28-Nov-2014
18.4085
27-Nov-2014
18.4034
26-Nov-2014
18.4010
25-Nov-2014
18.3934
24-Nov-2014
18.3923
21-Nov-2014
18.3772
20-Nov-2014
18.3742
19-Nov-2014
18.3704
18-Nov-2014
18.3625
17-Nov-2014
18.3479
14-Nov-2014
18.3662
13-Nov-2014
18.3424
12-Nov-2014
18.3418
11-Nov-2014
18.3434
10-Nov-2014
18.3332
07-Nov-2014
18.3252
05-Nov-2014
18.3138
03-Nov-2014
18.3223
31-Oct-2014
18.3204
30-Oct-2014
18.3068
29-Oct-2014
18.2917
28-Oct-2014
18.3042
27-Oct-2014
18.2804
22-Oct-2014
18.2759
21-Oct-2014
18.2633
20-Oct-2014
92
18.2499
17-Oct-2014
18.2697
16-Oct-2014
18.2526
14-Oct-2014
18.2494
13-Oct-2014
18.2481
10-Oct-2014
18.2295
09-Oct-2014
18.2320
07-Oct-2014
18.2104
01-Oct-2014
18.1989
30-Sep-2014
18.1883
29-Sep-2014
18.1646
26-Sep-2014
18.1763
25-Sep-2014
18.1587
24-Sep-2014
18.1742
23-Sep-2014
18.1556
22-Sep-2014
18.1537
19-Sep-2014
18.1374
18-Sep-2014
18.1458
17-Sep-2014
18.1445
16-Sep-2014
18.1291
15-Sep-2014
18.1164
12-Sep-2014
18.1189
11-Sep-2014
18.1131
10-Sep-2014
18.1187
09-Sep-2014
18.1138
08-Sep-2014
18.1071
05-Sep-2014
18.0978
04-Sep-2014
18.1063
03-Sep-2014
18.0925
02-Sep-2014
18.0820
01-Sep-2014
18.0972
28-Aug-2014
18.0833
27-Aug-2014
18.0736
26-Aug-2014
18.0780
25-Aug-2014
93
18.0638
22-Aug-2014
18.0566
21-Aug-2014
18.0483
20-Aug-2014
18.0514
19-Aug-2014
18.0441
18-Aug-2014
18.0322
14-Aug-2014
18.0363
13-Aug-2014
18.0064
12-Aug-2014
18.0167
11-Aug-2014
18.0113
08-Aug-2014
18.0059
07-Aug-2014
18.0004
06-Aug-2014
17.9833
05-Aug-2014
17.9819
04-Aug-2014
17.9906
01-Aug-2014
17.9815
31-Jul-2014
17.9595
30-Jul-2014
17.9560
28-Jul-2014
17.9440
25-Jul-2014
17.9297
24-Jul-2014
17.9321
23-Jul-2014
17.9269
22-Jul-2014
17.9314
21-Jul-2014
17.9167
18-Jul-2014
17.9068
17-Jul-2014
17.9010
16-Jul-2014
17.8978
15-Jul-2014
17.8991
14-Jul-2014
17.9052
11-Jul-2014
17.8993
10-Jul-2014
17.8953
09-Jul-2014
17.8735
08-Jul-2014
17.8580
07-Jul-2014
17.8329
04-Jul-2014
94
17.8432
03-Jul-2014
17.8214
02-Jul-2014
17.8251
01-Jul-2014
17.8197
30-Jun-2014
17.8133
27-Jun-2014
17.8086
26-Jun-2014
17.8039
25-Jun-2014
17.7912
24-Jun-2014
17.7870
23-Jun-2014
17.7872
20-Jun-2014
17.7810
19-Jun-2014
17.7773
18-Jun-2014
17.7532
17-Jun-2014
17.7508
16-Jun-2014
17.7650
13-Jun-2014
17.7504
12-Jun-2014
17.7641
11-Jun-2014
17.7521
10-Jun-2014
17.7524
09-Jun-2014
17.7380
06-Jun-2014
17.7408
05-Jun-2014
17.7162
04-Jun-2014
17.7222
03-Jun-2014
17.70
02-Jun-2014
17.7338
30-May-2014
17.6910
29-May-2014
17.6795
28-May-2014
17.6755
27-May-2014
17.6768
26-May-2014
17.6453
23-May-2014
17.6406
22-May-2014
17.6283
21-May-2014
17.6211
20-May-2014
17.6309
19-May-2014
95
17.5976
16-May-2014
17.6372
15-May-2014
17.6039
14-May-2014
17.6058
13-May-2014
17.6121
12-May-2014
17.6099
09-May-2014
17.6159
08-May-2014
17.6041
07-May-2014
17.5903
06-May-2014
17.5930
05-May-2014
17.5823
02-May-2014
17.5870
30-Apr-2014
17.5619
29-Apr-2014
17.5406
28-Apr-2014
17.5485
25-Apr-2014
17.5293
23-Apr-2014
17.5241
22-Apr-2014
17.5137
21-Apr-2014
17.5031
17-Apr-2014
17.5061
16-Apr-2014
17.5153
15-Apr-2014
17.4728
11-Apr-2014
17.4784
10-Apr-2014
17.4556
09-Apr-2014
17.4471
07-Apr-2014
17.4388
04-Apr-2014
17.4545
03-Apr-2014
17.4509
02-Apr-2014
17.4576
01-Apr-2014
17.4505
31-Mar-2014
17.4423
28-Mar-2014
17.4324
27-Mar-2014
17.3897
26-Mar-2014
17.3936
25-Mar-2014
96
17.3946
24-Mar-2014
17.3813
21-Mar-2014
17.3908
20-Mar-2014
17.3704
19-Mar-2014
17.3673
18-Mar-2014
17.3582
14-Mar-2014
17.3727
13-Mar-
17.3727
13-Mar-2014
17.3576
12-Mar-2014
17.3558
11-Mar-2014
17.3532
10-Mar-2014
17.3676
07-Mar-2014
17.3582
06-Mar-2014
17.3401
05-Mar-2014
17.3432
04-Mar-2014
17.3557
03-Mar-2014
17.3327
28-Feb-2014
17.3145
26-Feb-2014
17.3123
25-Feb-2014
17.3033
24-Feb-2014
17.3027
21-Feb-2014
17.2965
20-Feb-2014
17.2930
19-Feb-2014
17.2867
18-Feb-2014
17.2879
17-Feb-2014
17.2873
14-Feb-2014
17.2982
13-Feb-2014
17.2718
12-Feb-2014
17.2746
11-Feb-2014
17.2708
10-Feb-2014
17.2553
07-Feb-2014
17.2582
06-Feb-2014
17.2368
05-Feb-2014
17.2236
04-Feb-2014
97
17.2263
03-Feb-2014
17.2299
31-Jan-2014
17.2113
30-Jan-2014
17.2032
29-Jan-2014
17.1958
28-Jan-2014
17.1941
27-Jan-2014
17.1896
24-Jan-2014
17.1741
23-Jan-2014
17.1749
22-Jan-2014
17.1696
21-Jan-2014
17.1571
20-Jan-2014
17.1844
17-Jan-2014
17.1621
16-Jan-2014
17.1599
14-Jan-2014
17.1568
13-Jan-2014
17.1597
10-Jan-2014
17.1480
09-Jan-2014
17.1312
08-Jan-2014
17.1182
07-Jan-2014
17.1044
06-Jan-2014
17.1039
03-Jan-2014
17.1178
02-Jan-2014
17.0737
01-Jan-2014
SIT EM AP | C AR E ER S | C O NT AC T U S | D ISCL AIM ER | PR IVACY PO L ICY | R ISK F ACT OR
SBI IT Fund - Regular Plan - Growth
45.5207
31-Dec-2014
45.2665
30-Dec-2014
44.9897
29-Dec-2014
44.7086
26-Dec-2014
44.4174
24-Dec-2014
44.9517
23-Dec-2014
45.4176
22-Dec-2014
45.2486
19-Dec-2014
44.5473
18-Dec-2014
98
43.8790
17-Dec-2014
43.9661
16-Dec-2014
43.7890
15-Dec-2014
44.3588
12-Dec-2014
44.5629
11-Dec-2014
44.4977
10-Dec-2014
44.3339
09-Dec-2014
44.6126
08-Dec-2014
45.8485
05-Dec-2014
46.6295
04-Dec-2014
46.6785
03-Dec-2014
46.5743
02-Dec-2014
47.0625
01-Dec-2014
46.8527
28-Nov-2014
46.8373
27-Nov-2014
46.4070
26-Nov-2014
46.3785
25-Nov-2014
46.5635
24-Nov-2014
45.9778
21-Nov-2014
46.3099
20-Nov-2014
45.8531
19-Nov-2014
45.6070
18-Nov-2014
45.8555
17-Nov-2014
45.8156
14-Nov-2014
45.7327
13-Nov-2014
45.2518
12-Nov-2014
45.2715
11-Nov-2014
45.4115
10-Nov-2014
45.3284
07-Nov-2014
45.1810
05-Nov-2014
44.7654
03-Nov-2014
44.5802
31-Oct-2014
43.8654
30-Oct-2014
43.0466
29-Oct-2014
99
42.5571
28-Oct-2014
42.2427
27-Oct-2014
42.3923
22-Oct-2014
42.1835
21-Oct-2014
42.1988
20-Oct-2014
42.3938
17-Oct-2014
43.7576
16-Oct-2014
44.1887
14-Oct-2014
44.4985
13-Oct-2014
44.0341
10-Oct-2014
43.3381
09-Oct-2014
44.3439
07-Oct-2014
44.8411
01-Oct-2014
44.0735
30-Sep-2014
43.9907
29-Sep-2014
43.2661
26-Sep-2014
43.5694
25-Sep-2014
43.2532
24-Sep-2014
43.5787
23-Sep-2014
44.0956
22-Sep-2014
44.1256
19-Sep-2014
43.5890
18-Sep-2014
43.3292
17-Sep-2014
42.7268
16-Sep-2014
42.8755
15-Sep-2014
43.0256
12-Sep-2014
42.88
11-Sep-2014
42.7331
10-Sep-2014
43.0002
09-Sep-2014
43.1205
08-Sep-2014
42.7289
05-Sep-2014
42.4969
04-Sep-2014
42.6111
03-Sep-2014
41.8012
02-Sep-2014
100
41.5932
01-Sep-2014
41.4831
28-Aug-2014
41.6773
27-Aug-2014
41.3401
26-Aug-2014
41.0921
25-Aug-2014
40.8050
22-Aug-2014
40.4210
21-Aug-2014
40.3949
20-Aug-2014
40.1541
19-Aug-2014
40.1939
18-Aug-2014
40.1720
14-Aug-2014
40.1212
13-Aug-2014
40.0252
12-Aug-2014
39.9116
11-Aug-2014
39.5334
08-Aug-2014
39.5646
07-Aug-2014
40.0114
06-Aug-2014
39.5906
05-Aug-2014
39.3584
04-Aug-2014
38.6429
01-Aug-2014
39.1438
31-Jul-2014
39.3698
30-Jul-2014
39.5265
28-Jul-2014
39.2382
25-Jul-2014
39.4422
24-Jul-2014
38.9981
23-Jul-2014
38.2333
22-Jul-2014
37.6099
21-Jul-2014
37.6939
18-Jul-2014
37.2180
17-Jul-2014
37.1465
16-Jul-2014
37.04
15-Jul-2014
37.2053
14-Jul-2014
37.7149
11-Jul-2014
101
37.2795
10-Jul-2014
37.6438
09-Jul-2014
38.0435
08-Jul-2014
38.4623
07-Jul-2014
37.5504
04-Jul-2014
37.4874
03-Jul-2014
37.4377
02-Jul-2014
37.4366
01-Jul-2014
37.7214
30-Jun-2014
37.4719
27-Jun-2014
36.5302
26-Jun-2014
36.5174
25-Jun-2014
36.4711
24-Jun-2014
36.3391
23-Jun-2014
36.8114
20-Jun-2014
36.8523
19-Jun-2014
36.2683
18-Jun-2014
36.5773
17-Jun-2014
36.3666
16-Jun-2014
35.8966
13-Jun-2014
35.9065
12-Jun-2014
35.8654
11-Jun-2014
35.1505
10-Jun-2014
34.3207
09-Jun-2014
33.9302
06-Jun-2014
33.9370
05-Jun-2014
33.5695
04-Jun-2014
33.9069
03-Jun-2014
33.8793
02-Jun-2014
33.8414
30-May-2014
33.6913
29-May-2014
34.5078
28-May-2014
34.0284
27-May-2014
33.8642
26-May-2014
102
33.4571
23-May-2014
33.3972
22-May-2014
33.4501
21-May-2014
33.2308
20-May-2014
32.5290
19-May-2014
34.1478
16-May-2014
34.8946
15-May-2014
35.0543
14-May-2014
35.1456
13-May-2014
34.3313
12-May-2014
34.1027
09-May-2014
33.8236
08-May-2014
33.7543
07-May-2014
34.6072
06-May-2014
34.8155
05-May-2014
35.1132
02-May-2014
34.7665
30-Apr-2014
34.9051
29-Apr-2014
34.8643
28-Apr-2014
34.8311
25-Apr-2014
34.7814
23-Apr-2014
34.8155
22-Apr-2014
34.9583
21-Apr-2014
35.1022
17-Apr-2014
34.6643
16-Apr-2014
35.4631
15-Apr-2014
34.8174
11-Apr-2014
34.3253
10-Apr-2014
34.6637
09-Apr-2014
35.0508
07-Apr-2014
35.2151
04-Apr-2014
35.4515
03-Apr-2014
35.3623
02-Apr-2014
35.1551
01-Apr-2014
103
34.5609
31-Mar-2014
34.4918
28-Mar-2014
34.3278
27-Mar-2014
34.3509
26-Mar-2014
34.7387
25-Mar-2014
34.9504
24-Mar-2014
34.8577
21-Mar-2014
34.7568
20-Mar-2014
34.2459
19-Mar-2014
35.1128
18-Mar-2014
35.3553
14-Mar-2014
35.4424
13-Mar-2014
36.7583
12-Mar-2014
36.6184
11-Mar-2014
36.4941
10-Mar-2014
37.4604
07-Mar-2014
38.4011
06-Mar-2014
38.2307
05-Mar-2014
38.1426
04-Mar-2014
38.1665
03-Mar-2014
38.5061
28-Feb-2014
38.0298
26-Feb-2014
37.9990
25-Feb-2014
37.6955
24-Feb-2014
37.8158
21-Feb-2014
37.43
20-Feb-2014
37.3801
19-Feb-2014
36.8927
18-Feb-2014
36.9196
17-Feb-2014
36.9152
14-Feb-2014
36.4937
13-Feb-2014
36.5542
12-Feb-2014
36.4053
11-Feb-2014
35.8197
10-Feb-2014
104
35.7471
07-Feb-2014
35.8837
06-Feb-2014
36.0026
05-Feb-2014
35.7098
04-Feb-2014
36.2533
03-Feb-2014
36.7360
31-Jan-2014
36.4498
30-Jan-2014
36.5528
29-Jan-2014
36.3573
28-Jan-2014
36.6584
27-Jan-2014
36.8533
24-Jan-2014
37.0463
23-Jan-2014
37.2286
22-Jan-2014
37.1195
21-Jan-2014
37.2882
20-Jan-2014
36.3959
17-Jan-2014
37.2319
16-Jan-2014
36.8534
14-Jan-2014
37.1655
13-Jan-2014
36.2015
10-Jan-2014
35.5115
09-Jan-2014
35.3390
08-Jan-2014
35.2399
07-Jan-2014
35.6281
06-Jan-2014
35.7904
03-Jan-2014
35.0780
02-Jan-2014
35.0845
01-Jan-2014
105
SBI Contra Fund - Regular Plan - Growth
85.2475
31-Dec-2014
84.8847
30-Dec-2014
84.7326
29-Dec-2014
84.0795
26-Dec-2014
83.8981
24-Dec-2014
84.3065
23-Dec-2014
84.7602
22-Dec-2014
84.2034
19-Dec-2014
83.7953
18-Dec-2014
82.0678
17-Dec-2014
82.6342
16-Dec-2014
84.0033
15-Dec-2014
84.4676
12-Dec-2014
85.1790
11-Dec-2014
85.6126
10-Dec-2014
85.0898
09-Dec-2014
86.1312
08-Dec-2014
86.7309
05-Dec-2014
87.0540
04-Dec-2014
86.6248
03-Dec-2014
85.5798
02-Dec-2014
85.4301
01-Dec-2014
85.1567
28-Nov-2014
83.8852
27-Nov-2014
83.7784
26-Nov-2014
83.7665
25-Nov-2014
84.9193
24-Nov-2014
84.4069
21-Nov-2014
83.8171
20-Nov-2014
83.5173
19-Nov-2014
83.8016
18-Nov-2014
83.5852
17-Nov-2014
82.9370
14-Nov-2014
82.5137
13-Nov-2014
106
82.5535
12-Nov-2014
82.2606
11-Nov-2014
81.8631
10-Nov-2014
81.8968
07-Nov-2014
81.3664
05-Nov-2014
80.9718
03-Nov-2014
80.9309
31-Oct-2014
79.7384
30-Oct-2014
79.0611
29-Oct-2014
78.5053
28-Oct-2014
78.2948
27-Oct-2014
78.0842
22-Oct-2014
77.2437
21-Oct-2014
76.8433
20-Oct-2014
76.0629
17-Oct-2014
75.7068
16-Oct-2014
76.9505
14-Oct-2014
77.2194
13-Oct-2014
76.8891
10-Oct-2014
77.7915
09-Oct-2014
77.2026
07-Oct-2014
77.8824
01-Oct-2014
78.0490
30-Sep-2014
77.8760
29-Sep-2014
77.5584
26-Sep-2014
76.8034
25-Sep-2014
77.9366
24-Sep-2014
78.4019
23-Sep-2014
79.7042
22-Sep-2014
79.1843
19-Sep-2014
79.2679
18-Sep-2014
77.7417
17-Sep-2014
77.6854
16-Sep-2014
79.6998
15-Sep-2014
107
80.1096
12-Sep-2014
79.8173
11-Sep-2014
79.3457
10-Sep-2014
79.7518
09-Sep-2014
79.7114
08-Sep-2014
79.0722
05-Sep-2014
78.8304
04-Sep-2014
78.8832
03-Sep-2014
78.4410
02-Sep-2014
78.0072
01-Sep-2014
77.3166
28-Aug-2014
77.2836
27-Aug-2014
76.8008
26-Aug-2014
76.9441
25-Aug-2014
77.0455
22-Aug-2014
76.5332
21-Aug-2014
76.0291
20-Aug-2014
75.8287
19-Aug-2014
75.3213
18-Aug-2014
74.3274
14-Aug-2014
73.6032
13-Aug-2014
73.5958
12-Aug-2014
73.0696
11-Aug-2014
72.5646
08-Aug-2014
73.1294
07-Aug-2014
73.0330
06-Aug-2014
73.2372
05-Aug-2014
72.9925
04-Aug-2014
72.3350
01-Aug-2014
73.0247
31-Jul-2014
73.3588
30-Jul-2014
73.1179
28-Jul-2014
73.4272
25-Jul-2014
74.1553
24-Jul-2014
108
73.9679
23-Jul-2014
73.9877
22-Jul-2014
73.5788
21-Jul-2014
73.4699
18-Jul-2014
73.3437
17-Jul-2014
73.1395
16-Jul-2014
71.9917
15-Jul-2014
70.8305
14-Jul-2014
70.9299
11-Jul-2014
71.8693
10-Jul-2014
71.9070
09-Jul-2014
72.5048
08-Jul-2014
74.1523
07-Jul-2014
73.9592
04-Jul-2014
73.5639
03-Jul-2014
73.5105
02-Jul-2014
72.7144
01-Jul-2014
72.1463
30-Jun-2014
71.2140
27-Jun-2014
70.8191
26-Jun-2014
70.9806
25-Jun-2014
71.2833
24-Jun-2014
70.7353
23-Jun-2014
70.7343
20-Jun-2014
70.9684
19-Jun-2014
71.2029
18-Jun-2014
71.7739
17-Jun-2014
70.6998
16-Jun-2014
70.8961
13-Jun-2014
72.0232
12-Jun-2014
71.4032
11-Jun-2014
71.8329
10-Jun-2014
71.8792
09-Jun-2014
71.2005
06-Jun-2014
109
69.9592
05-Jun-2014
69.3846
04-Jun-2014
69.3545
03-Jun-2014
69.1025
02-Jun-2014
67.7996
30-May-2014
68.17
29-May-2014
68.8542
28-May-2014
68.3437
27-May-2014
68.3555
26-May-2014
68.7221
23-May-2014
67.8540
22-May-2014
67.3643
21-May-2014
67.1750
20-May-2014
66.6408
19-May-2014
66.0010
16-May-2014
65.2845
15-May-2014
65.3574
14-May-2014
65.3667
13-May-2014
64.6030
12-May-2014
63.6705
09-May-2014
62.2928
08-May-2014
62.1521
07-May-2014
62.3902
06-May-2014
62.2791
05-May-2014
62.4076
02-May-2014
62.4113
30-Apr-2014
62.6581
29-Apr-2014
63.0354
28-Apr-2014
63.0334
25-Apr-2014
63.3080
23-Apr-2014
63.1396
22-Apr-2014
63.0278
21-Apr-2014
62.6375
17-Apr-2014
61.8339
16-Apr-2014
110
62.1666
15-Apr-2014
62.3860
11-Apr-2014
62.5830
10-Apr-2014
62.7554
09-Apr-2014
61.9111
07-Apr-2014
62.1144
04-Apr-2014
62.4653
03-Apr-2014
62.5248
02-Apr-2014
61.9195
01-Apr-2014
61.9512
31-Mar-2014
61.5581
28-Mar-2014
60.9947
27-Mar-2014
60.6235
26-Mar-2014
60.4639
25-Mar-2014
60.2743
24-Mar-2014
59.8146
21-Mar-2014
59.5772
20-Mar-2014
59.6163
19-Mar-2014
59.4124
18-Mar-
59.3515
12-Mar-2014
59.1799
11-Mar-2014
59.5723
10-Mar-2014
59.4287
07-Mar-2014
58.6767
06-Mar-2014
58.1911
05-Mar-2014
57.8629
04-Mar-2014
57.5077
03-Mar-2014
57.8855
28-Feb-2014
57.5816
26-Feb-2014
57.3277
25-Feb-2014
57.2206
24-Feb-2014
56.7566
21-Feb-2014
D ISCL AIM ER | P
111
56.1859
20-Feb-2014
56.4262
19-Feb-2014
56.2813
18-Feb-2014
55.8813
17-Feb-2014
55.7795
14-Feb-2014
55.5333
13-Feb-2014
56.0711
12-Feb-2014
55.7560
11-Feb-2014
55.6383
10-Feb-2014
55.6893
07-Feb-2014
55.6087
06-Feb-2014
55.6832
05-Feb-2014
55.4736
04-Feb-2014
55.4952
03-Feb-2014
55.9620
31-Jan-2014
55.7524
30-Jan-2014
56.2386
29-Jan-2014
56.4563
28-Jan-2014
56.5936
27-Jan-2014
57.6889
24-Jan-2014
58.4763
23-Jan-2014
58.3962
22-Jan-2014
58.1261
21-Jan-2014
57.8721
20-Jan-2014
57.5545
17-Jan-2014
57.9659
16-Jan-2014
57.5812
14-Jan-2014
57.7257
13-Jan-2014
57.0165
10-Jan-2014
57.0365
09-Jan-2014
57.1935
08-Jan-2014
57.1209
07-Jan-2014
57.1266
06-Jan-2014
57.1910
03-Jan-2014
112
57.1333
02-Jan-2014
57.8066
01-Jan-2014
SBI FMCG Fund - Regular Plan - Growth
71.8686
31-Dec-2014
71.5064
30-Dec-2014
71.5519
29-Dec-2014
71.0151
26-Dec-2014
71.5044
24-Dec-2014
71.9953
23-Dec-2014
71.9215
22-Dec-2014
71.0440
19-Dec-2014
71.5205
18-Dec-2014
70.6135
17-Dec-2014
71.6730
16-Dec-2014
73.4994
15-Dec-2014
74.0906
12-Dec-2014
74.1011
11-Dec-2014
74.3342
10-Dec-2014
73.9842
09-Dec-2014
74.7575
08-Dec-2014
74.4430
05-Dec-2014
73.42
04-Dec-2014
71.5849
03-Dec-2014
71.3833
02-Dec-2014
70.7302
01-Dec-2014
70.2955
28-Nov-2014
70.0364
27-Nov-2014
70.1297
26-Nov-2014
69.2109
25-Nov-2014
71.4482
24-Nov-2014
71.7631
21-Nov-2014
71.1924
20-Nov-2014
70.9662
19-Nov-2014
71.2631
18-Nov-2014
71.1136
17-Nov-2014
113
70.9555
14-Nov-2014
70.8016
13-Nov-2014
70.7190
12-Nov-2014
69.9242
11-Nov-2014
70.4204
10-Nov-2014
68.8360
07-Nov-2014
68.6716
05-Nov-2014
68.3644
03-Nov-2014
68.3426
31-Oct-2014
67.8977
30-Oct-2014
67.6766
29-Oct-2014
67.0359
28-Oct-2014
67.1877
27-Oct-2014
66.6919
22-Oct-2014
66.7388
21-Oct-2014
66.5421
20-Oct-2014
66.3177
17-Oct-2014
66.2101
16-Oct-2014
66.2924
14-Oct-2014
66.5495
13-Oct-2014
66.8612
10-Oct-2014
67.9397
09-Oct-2014
67.5771
07-Oct-2014
67.8356
01-Oct-2014
68.4541
30-Sep-2014
67.6752
29-Sep-2014
67.7368
26-Sep-2014
67.8234
25-Sep-2014
67.8838
24-Sep-2014
67.3494
23-Sep-2014
67.6088
22-Sep-2014
66.4446
19-Sep-2014
66.7402
18-Sep-2014
66.2233
17-Sep-2014
114
66.0788
16-Sep-2014
66.4833
15-Sep-2014
66.5978
12-Sep-2014
65.7055
11-Sep-2014
65.5270
10-Sep-2014
65.9573
09-Sep-2014
65.5278
08-Sep-2014
64.8907
05-Sep-2014
64.7733
04-Sep-2014
64.5372
03-Sep-2014
64.7218
02-Sep-2014
64.2651
01-Sep-2014
64.3207
28-Aug-2014
64.2090
27-Aug-2014
64.0947
26-Aug-2014
63.5330
25-Aug-2014
63.2217
22-Aug-2014
63.3360
21-Aug-2014
63.1696
20-Aug-2014
63.4732
19-Aug-2014
63.0602
18-Aug-2014
63.2103
14-Aug-2014
62.7135
13-Aug-2014
61.9179
12-Aug-2014
61.8877
11-Aug-2014
61.7536
08-Aug-2014
62.0004
07-Aug-2014
62.1519
06-Aug-2014
63.0427
05-Aug-2014
62.8210
04-Aug-2014
62.3543
01-Aug-2014
63.1455
31-Jul-2014
63.2904
30-Jul-2014
115
63.0268
28-Jul-2014
63.3570
25-Jul-2014
63.4674
24-Jul-2014
63.1260
23-Jul-2014
62.9677
22-Jul-2014
62.4630
21-Jul-2014
61.9555
18-Jul-2014
61.9803
17-Jul-2014
61.5101
16-Jul-2014
61.2245
15-Jul-2014
61.0283
14-Jul-2014
61.0174
11-Jul-2014
60.9243
10-Jul-2014
61.3787
09-Jul-2014
61.1987
08-Jul-2014
61.7954
07-Jul-2014
61.9897
04-Jul-2014
61.5183
03-Jul-2014
60.9209
02-Jul-2014
59.4581
01-Jul-2014
58.9794
30-Jun-2014
58.4073
27-Jun-2014
58.3612
26-Jun-2014
58.4177
25-Jun-2014
58.3706
24-Jun-2014
57.9743
23-Jun-2014
59.9324
20-Jun-2014
60.1146
19-Jun-2014
60.0934
18-Jun-2014
60.0676
17-Jun-2014
59.7961
16-Jun-2014
59.5471
13-Jun-2014
60.0177
12-Jun-2014
59.3782
11-Jun-2014
116
59.5392
10-Jun-2014
59.3960
09-Jun-2014
59.0694
06-Jun-2014
58.6312
05-Jun-2014
58.3538
04-Jun-2014
58.3585
03-Jun-2014
58.2778
02-Jun-2014
58.5049
30-May-2014
58.4212
29-May-2014
58.5420
28-May-2014
58.3303
27-May-2014
58.5298
26-May-2014
58.6930
23-May-2014
58.67
22-May-2014
57.7743
21-May-2014
57.2969
20-May-2014
56.8970
19-May-2014
58.1931
16-May-2014
59.1013
15-May-2014
59.1439
14-May-2014
58.8188
13-May-2014
58.5232
12-May-2014
57.7538
09-May-2014
57.4430
08-May-2014
57.5341
07-May-2014
57.4690
06-May-2014
57.1380
05-May-2014
57.0505
02-May-2014
57.2098
30-Apr-2014
57.0722
29-Apr-2014
57.4053
28-Apr-2014
57.5487
25-Apr-2014
58.3856
23-Apr-2014
58.0894
22-Apr-2014
117
58.2050
21-Apr-2014
58.0345
17-Apr-2014
57.4659
16-Apr-2014
57.0591
15-Apr-2014
56.6494
11-Apr-2014
56.6875
10-Apr-2014
57.0597
09-Apr-2014
56.8801
07-Apr-2014
56.8820
04-Apr-2014
57.0986
03-Apr-2014
56.7084
02-Apr-2014
57.0963
01-Apr-2014
57.2479
31-Mar-2014
57.5930
28-Mar-2014
57.2909
27-Mar-2014
56.9912
26-Mar-2014
57.1032
25-Mar-2014
56.7155
24-Mar-2014
56.5191
21-Mar-2014
56.2646
20-Mar-2014
56.2771
19-Mar-2014
55.8301
18-Mar-2014
54.8682
14-Mar-2014
54.7294
13-Mar-2014
54.4931
12-Mar-2014
53.9441
11-Mar-2014
54.2130
10-Mar-2014
54.5198
07-Mar-2014
54.3853
06-Mar-2014
54.0680
05-Mar-2014
53.7808
04-Mar-2014
53.5629
03-Mar-2014
53.5890
28-Feb-2014
53.7387
26-Feb-2014
118
53.3715
25-Feb-2014
53.0999
24-Feb-2014
52.8686
21-Feb-2014
52.4314
20-Feb-2014
52.8049
19-Feb-2014
52.7342
18-Feb-2014
52.7141
17-Feb-2014
52.9119
14-Feb-2014
52.7993
13-Feb-2014
53.2114
12-Feb-2014
53.7856
11-Feb-2014
53.8639
10-Feb-2014
53.7795
07-Feb-2014
53.8872
06-Feb-2014
53.4161
05-Feb-2014
53.8255
04-Feb-2014
53.4424
03-Feb-2014
53.8377
31-Jan-2014
53.4759
30-Jan-2014
53.8894
29-Jan-2014
53.9279
28-Jan-2014
53.9486
27-Jan-2014
54.5086
24-Jan-2014
55.2299
23-Jan-2014
55.1440
22-Jan-2014
55.1663
21-Jan-2014
55.1813
20-Jan-2014
54.6599
17-Jan-2014
54.8942
16-Jan-2014
55.1806
14-Jan-2014
55.1984
13-Jan-2014
55.09
10-Jan-2014
54.5598
09-Jan-2014
54.8956
08-Jan-2014
119
54.8671
07-Jan-2014
54.7046
06-Jan-2014
54.5328
03-Jan-2014
54.1150
02-Jan-2014
54.9553
01-Jan-2014
SBI Pharma Fund - Regular Plan - Growth
118.6614
31-Dec-2014
117.1585
30-Dec-2014
116.6593
29-Dec-2014
115.4134
26-Dec-2014
114.7035
24-Dec-2014
115.5638
23-Dec-2014
116.1890
22-Dec-2014
115.2963
19-Dec-2014
115.2744
18-Dec-2014
113.7505
17-Dec-2014
116.0861
16-Dec-2014
119.4092
15-Dec-2014
119.8053
12-Dec-2014
119.2175
11-Dec-2014
118.6704
10-Dec-2014
118.4562
09-Dec-2014
118.7918
08-Dec-2014
119.3311
05-Dec-2014
121.3714
04-Dec-2014
121.3789
03-Dec-2014
120.9642
02-Dec-2014
119.3081
01-Dec-2014
118.2888
28-Nov-2014
117.3291
27-Nov-2014
116.2432
26-Nov-2014
116.8393
25-Nov-2014
117.0831
24-Nov-2014
117.1814
21-Nov-2014
117.8613
20-Nov-2014
120
117.0757
19-Nov-2014
117.3412
18-Nov-2014
117.5520
17-Nov-2014
117.6124
14-Nov-2014
118.9518
13-Nov-2014
118.2614
12-Nov-2014
118.3579
11-Nov-2014
117.1034
10-Nov-2014
116.2728
07-Nov-2014
113.3303
05-Nov-2014
112.4565
03-Nov-2014
111.7696
31-Oct-2014
110.2756
30-Oct-2014
109.7181
29-Oct-2014
110.3865
28-Oct-2014
108.7435
27-Oct-2014
108.7066
22-Oct-2014
106.9166
21-Oct-2014
106.8301
20-Oct-2014
105.6379
17-Oct-2014
105.2886
16-Oct-2014
107.2636
14-Oct-2014
107.0753
13-Oct-2014
107.6276
10-Oct-2014
108.1792
09-Oct-2014
110.2872
07-Oct-2014
111.6808
01-Oct-2014
111.8584
30-Sep-2014
110.4513
29-Sep-2014
107.6450
26-Sep-2014
106.1777
25-Sep-2014
106.2262
24-Sep-2014
106.4226
23-Sep-2014
108.3998
22-Sep-2014
121
108.8653
19-Sep-2014
108.7251
18-Sep-2014
106.9238
17-Sep-2014
106.9661
16-Sep-2014
108.7987
15-Sep-2014
108.5453
12-Sep-2014
108.1497
11-Sep-2014
109.7635
10-Sep-2014
109.5822
09-Sep-2014
109.3008
08-Sep-2014
107.9447
05-Sep-2014
107.4376
04-Sep-2014
106.8351
03-Sep-2014
106.1122
02-Sep-2014
104.3915
01-Sep-2014
104.4419
28-Aug-2014
104.9861
27-Aug-2014
104.9765
26-Aug-2014
103.9563
25-Aug-2014
103.7666
22-Aug-2014
103.6453
21-Aug-2014
102.6623
20-Aug-2014
99.5806
19-Aug-2014
99.1656
18-Aug-2014
98.4786
14-Aug-2014
97.2535
13-Aug-2014
96.6671
12-Aug-2014
96.1306
11-Aug-2014
95.4662
08-Aug-2014
96.0401
07-Aug-2014
96.4398
06-Aug-2014
97.2771
05-Aug-2014
96.9047
04-Aug-2014
96.5744
01-Aug-2014
122
97.9075
31-Jul-2014
97.6340
30-Jul-2014
96.0965
28-Jul-2014
96.0373
25-Jul-2014
94.4873
24-Jul-2014
95.0835
23-Jul-2014
95.3344
22-Jul-2014
94.4994
21-Jul-2014
94.0144
18-Jul-2014
94.1097
17-Jul-2014
93.6502
16-Jul-2014
92.7249
15-Jul-2014
92.0525
14-Jul-2014
92.8327
11-Jul-2014
91.7698
10-Jul-2014
91.8440
09-Jul-2014
93.3747
08-Jul-2014
94.0817
07-Jul-2014
93.1867
04-Jul-2014
92.9505
03-Jul-2014
92.0052
02-Jul-2014
90.4626
01-Jul-2014
90.7636
30-Jun-2014
88.8643
27-Jun-2014
86.8456
26-Jun-2014
86.4607
25-Jun-2014
85.8452
24-Jun-2014
86.0890
23-Jun-2014
85.1671
20-Jun-2014
85.4902
19-Jun-2014
84.9565
18-Jun-2014
85.4138
17-Jun-2014
85.0696
16-Jun-2014
83.9657
13-Jun-2014
123
84.2404
12-Jun-2014
82.4725
11-Jun-2014
81.8552
10-Jun-2014
80.2718
09-Jun-2014
79.6333
06-Jun-2014
78.4210
05-Jun-2014
78.2867
04-Jun-2014
78.2487
03-Jun-2014
78.3627
02-Jun-2014
79.2715
30-May-2014
77.6112
29-May-2014
77.5632
28-May-
77.5632
28-May-2014
77.5656
27-May-2014
76.9646
26-May-2014
77.4821
23-May-2014
77.5593
22-May-2014
77.4146
21-May-2014
77.3619
20-May-2014
75.9257
19-May-2014
78.9031
16-May-2014
79.9718
15-May-2014
80.47
14-May-2014
80.7645
13-May-2014
81.0414
12-May-2014
81.9057
09-May-2014
82.6395
08-May-2014
83.1061
07-May-2014
83.1428
06-May-2014
82.9318
05-May-2014
83.4646
02-May-2014
82.7536
30-Apr-2014
82.9117
29-Apr-2014
83.1084
28-Apr-2014
124
82.0101
25-Apr-2014
81.5426
23-Apr-2014
80.7696
22-Apr-2014
80.5184
21-Apr-2014
80.4235
17-Apr-2014
79.8631
16-Apr-2014
80.3454
15-Apr-2014
80.7602
11-Apr-2014
80.2337
10-Apr-2014
81.6961
09-Apr-2014
80.1524
07-Apr-2014
80.0426
04-Apr-2014
80.3571
03-Apr-2014
80.0029
02-Apr-2014
79.0496
01-Apr-2014
79.0793
31-Mar-2014
78.7198
28-Mar-2014
78.1917
27-Mar-2014
78.8207
26-Mar-2014
80.3853
25-Mar-2014
80.3601
24-Mar-2014
80.5876
21-Mar-2014
80.6352
20-Mar-2014
80.2886
19-Mar-2014
79.9173
18-Mar-2014
79.7621
14-Mar-2014
79.3110
13-Mar-2014
80.2173
12-Mar-2014
79.2666
11-Mar-2014
79.9451
10-Mar-2014
81.1546
07-Mar-2014
83.0945
06-Mar-2014
83.1977
05-Mar-2014
83.0123
04-Mar-2014
125
83.2275
03-Mar-2014
84.1348
28-Feb-2014
82.1119
26-Feb-2014
81.2543
25-Feb-2014
81.0832
24-Feb-2014
80.1987
21-Feb-2014
79.9825
20-Feb-2014
79.7179
19-Feb-2014
78.8811
18-Feb-2014
78.7162
17-Feb-2014
78.2577
14-Feb-2014
78.1824
13-Feb-2014
79.3915
12-Feb-2014
79.4979
11-Feb-2014
79.8355
10-Feb-2014
79.4303
07-Feb-2014
78.2269
06-Feb-2014
78.0977
05-Feb-2014
78.0912
04-Feb-2014
78.5384
03-Feb-2014
77.9276
31-Jan-2014
77.4604
30-Jan-2014
77.8158
29-Jan-2014
77.4358
28-Jan-2014
77.6581
27-Jan-2014
78.1911
24-Jan-2014
78.5359
23-Jan-2014
78.1991
22-Jan-2014
77.2953
21-Jan-2014
77.3644
20-Jan-2014
77.1053
17-Jan-2014
77.5522
16-Jan-2014
77.8916
14-Jan-2014
77.4489
13-Jan-2014
126
77.7213
10-Jan-2014
77.7070
09-Jan-2014
77.3592
08-Jan-2014
76.3901
07-Jan-2014
76.4861
06-Jan-2014
75.9795
03-Jan-2014
75.4799
02-Jan-2014
75.9011
01-Jan-2014
SBI Magnum Multiplier Plus Scheme 93 - Regular Plan - Growth
143.9515
31-Dec-2014
142.8580
30-Dec-2014
142.3870
29-Dec-2014
141.1829
26-Dec-2014
141.1395
24-Dec-2014
141.9684
23-Dec-2014
142.3253
22-Dec-2014
140.9058
19-Dec-2014
139.9717
18-Dec-2014
136.7487
17-Dec-2014
137.1162
16-Dec-2014
139.9803
15-Dec-2014
140.7561
12-Dec-2014
141.6768
11-Dec-2014
142.4106
10-Dec-2014
141.3316
09-Dec-2014
144.0954
08-Dec-2014
145.4851
05-Dec-2014
146.1962
04-Dec-2014
145.9799
03-Dec-2014
144.8569
02-Dec-2014
144.4925
01-Dec-2014
144.4361
28-Nov-2014
142.7028
27-Nov-2014
142.2477
26-Nov-2014
127
142.1425
25-Nov-2014
143.8306
24-Nov-2014
143.1446
21-Nov-2014
142.2537
20-Nov-2014
141.9856
19-Nov-2014
143.1419
18-Nov-2014
143.2906
17-Nov-2014
142.0414
14-Nov-2014
141.0009
13-Nov-2014
140.8759
12-Nov-2014
140.1453
11-Nov-2014
139.4194
10-Nov-2014
139.6887
07-Nov-2014
139.0099
05-Nov-2014
138.4853
03-Nov-2014
138.2277
31-Oct-2014
135.8463
30-Oct-2014
134.4924
29-Oct-2014
133.8081
28-Oct-2014
133.4680
27-Oct-2014
133.5153
22-Oct-2014
132.1117
21-Oct-2014
131.2408
20-Oct-2014
129.4098
17-Oct-2014
128.9463
16-Oct-2014
131.8268
14-Oct-2014
132.1734
13-Oct-2014
131.5721
10-Oct-2014
133.1723
09-Oct-2014
132.1262
07-Oct-2014
133.1732
01-Oct-2014
133.3294
30-Sep-2014
133.3334
29-Sep-2014
132.6051
26-Sep-2014
128
131.2538
25-Sep-2014
133.6243
24-Sep-2014
134.3137
23-Sep-2014
136.8910
22-Sep-2014
136.0905
19-Sep-2014
136.2145
18-Sep-2014
133.4127
17-Sep-2014
133.2499
16-Sep-2014
136.3065
15-Sep-2014
136.6877
12-Sep-2014
136.4083
11-Sep-2014
135.8966
10-Sep-2014
136.3487
09-Sep-2014
136.3296
08-Sep-2014
134.5246
05-Sep-2014
134.1973
04-Sep-2014
134.2097
03-Sep-2014
133.3833
02-Sep-2014
132.9922
01-Sep-2014
131.4352
28-Aug-2014
131.2089
27-Aug-2014
130.3343
26-Aug-2014
130.1909
25-Aug-2014
130.2514
22-Aug-2014
129.2638
21-Aug-2014
128.4465
20-Aug-2014
128.5146
19-Aug-2014
127.6905
18-Aug-2014
125.5549
14-Aug-2014
124.2082
13-Aug-2014
124.0525
12-Aug-2014
122.4896
11-Aug-2014
121.5654
08-Aug-2014
123.2616
07-Aug-2014
129
123.9328
06-Aug-2014
124.8410
05-Aug-2014
124.4509
04-Aug-2014
123.4338
01-Aug-2014
124.5101
31-Jul-2014
124.9122
30-Jul-2014
123.8975
28-Jul-2014
125.1221
25-Jul-2014
126.1826
24-Jul-2014
126.2667
23-Jul-2014
125.9233
22-Jul-2014
125.1187
21-Jul-2014
124.7905
18-Jul-2014
124.6046
17-Jul-2014
124.2320
16-Jul-2014
122.4991
15-Jul-2014
120.4303
14-Jul-2014
120.3562
11-Jul-2014
122.4062
10-Jul-2014
122.5790
09-Jul-2014
123.4581
08-Jul-2014
126.9897
07-Jul-2014
127.1485
04-Jul-2014
126.0787
03-Jul-2014
125.8597
02-Jul-2014
124.2124
01-Jul-2014
123.4752
30-Jun-2014
121.8530
27-Jun-2014
121.1035
26-Jun-2014
121.4649
25-Jun-2014
121.8511
24-Jun-2014
120.3786
23-Jun-2014
120.2005
20-Jun-2014
120.7362
19-Jun-2014
130
121.0457
18-Jun-2014
121.9085
17-Jun-2014
119.7949
16-Jun-2014
119.6469
13-Jun-2014
121.8290
12-Jun-2014
121.1989
11-Jun-2014
121.6450
10-Jun-2014
121.3142
09-Jun-2014
120.3214
06-Jun-2014
118.5351
05-Jun-2014
117.3569
04-Jun-2014
117.0684
03-Jun-2014
116.7553
02-Jun-2014
114.7232
30-May-2014
114.6882
29-May-2014
115.9618
28-May-2014
115.1892
27-May-2014
115.3919
26-May-2014
115.7378
23-May-2014
114.5365
22-May-2014
113.3080
21-May-2014
113.0579
20-May-2014
112.3950
19-May-2014
110.8134
16-May-2014
108.8052
15-May-2014
109.2736
14-May-2014
109.1479
13-May-2014
108.0087
12-May-2014
106.4789
09-May-2014
104.0197
08-May-2014
104.0635
07-May-2014
104.6295
06-May-2014
104.4896
05-May-2014
104.7990
02-May-2014
131
104.5610
30-Apr-2014
105.2658
29-Apr-2014
105.9505
28-Apr-2014
105.5353
25-Apr-2014
106.0020
23-Apr-2014
105.4857
22-Apr-2014
105.1285
21-Apr-2014
104.3217
17-Apr-2014
102.9406
16-Apr-2014
104.1703
15-Apr-2014
104.2648
11-Apr-2014
104.3596
10-Apr-2014
104.3307
09-Apr-2014
103.1665
07-Apr-2014
103.6384
04-Apr-2014
104.0169
03-Apr-2014
103.6865
02-Apr-2014
103.0656
01-Apr-2014
103.3559 31-Mar-2014
102.8628 28-Mar-2014
102.0279 27-Mar-2014
101.5041 26-Mar-2014
101.7154 25-Mar-2014
101.5461 24-Mar-2014
100.5987 21-Mar-2014
100.2030 20-Mar-2014
100.4466 19-Mar-2014
100.2966 18-Mar-2014
100.0420 14-Mar-2014
100.3829 13-Mar-2014
100.5780 12-Mar-2014
100.4459 11-Mar-2014
100.8158 10-Mar-2014
132
100.9384 07-Mar-2014
99.8849
06-Mar-2014
99.0287
05-Mar-2014
98.6884
04-Mar-2014
97.9637
03-Mar-2014
98.5022
28-Feb-2014
97.9439
26-Feb-2014
97.3442
25-Feb-2014
96.8569
24-Feb-2014
96.0479
21-Feb-2014
94.9921
20-Feb-2014
95.6166
19-Feb-2014
95.2815
18-Feb-2014
94.6229
17-Feb-2014
94.1153
14-Feb-2014
93.5775
13-Feb-2014
94.6403
12-Feb-2014
94.3285
11-Feb-2014
94.0486
10-Feb-2014
94.3158
07-Feb-2014
94.0307
06-Feb-2014
93.9404
05-Feb-2014
93.3777
04-Feb-2014
93.5673
03-Feb-2014
94.5921
31-Jan-2014
93.8904
30-Jan-2014
94.7388
29-Jan-2014
94.6380
28-Jan-2014
94.8085
27-Jan-2014
97.0328
24-Jan-2014
97.9638
23-Jan-2014
98.3970
22-Jan-2014
97.9395
21-Jan-2014
97.3713
20-Jan-2014
133
96.2264
17-Jan-2014
97.3080
16-Jan-2014
96.4660
14-Jan-2014
96.6710
13-Jan-2014
95.4972
10-Jan-2014
95.6961
09-Jan-2014
95.8864
08-Jan-2014
95.7204
07-Jan-2014
95.9897
06-Jan-2014
95.9478
03-Jan-2014
95.6426
02-Jan-2014
97.1004
01-Jan-2014
SBI Emerging Businesses Fund - Regular Plan - Growth
89.0626
31-Dec-2014
88.6030
30-Dec-2014
88.4565
29-Dec-2014
87.1993
26-Dec-2014
87.3255
24-Dec-2014
87.1035
23-Dec-2014
86.7882
22-Dec-2014
86.4029
19-Dec-2014
86.2498
18-Dec-2014
84.4152
17-Dec-2014
84.7205
16-Dec-2014
86.6594
15-Dec-2014
86.9435
12-Dec-2014
87.7071
11-Dec-2014
87.5129
10-Dec-2014
86.9923
09-Dec-2014
88.1070
08-Dec-2014
88.6855
05-Dec-2014
87.8654
04-Dec-2014
87.7619
03-Dec-2014
86.9313
02-Dec-2014
134
86.3419
01-Dec-2014
86.3780
28-Nov-2014
85.7250
27-Nov-2014
85.4618
26-Nov-2014
85.2022
25-Nov-2014
86.4944
24-Nov-2014
86.3129
21-Nov-2014
85.8254
20-Nov-2014
85.9537
19-Nov-2014
86.2320
18-Nov-2014
85.4357
17-Nov-2014
84.3802
14-Nov-2014
83.8894
13-Nov-2014
83.3150
12-Nov-2014
82.9507
11-Nov-2014
83.1907
10-Nov-2014
83.4693
07-Nov-2014
83.0982
05-Nov-2014
83.1269
03-Nov-2014
82.9251
31-Oct-2014
82.1501
30-Oct-2014
81.7220
29-Oct-2014
80.7897
28-Oct-2014
80.8682
27-Oct-2014
80.3391
22-Oct-2014
79.7948
21-Oct-2014
79.9367
20-Oct-2014
79.3963
17-Oct-2014
79.5121
16-Oct-2014
80.8799
14-Oct-2014
80.9460
13-Oct-2014
81.0083
10-Oct-2014
81.8883
09-Oct-2014
81.0457
07-Oct-2014
135
81.9130
01-Oct-2014
81.6823
30-Sep-2014
81.1372
29-Sep-2014
80.0689
26-Sep-2014
79.7052
25-Sep-2014
80.7749
24-Sep-2014
81.1827
23-Sep-2014
82.7618
22-Sep-2014
82.4635
19-Sep-2014
82.5728
18-Sep-2014
81.5789
17-Sep-2014
81.9789
16-Sep-2014
84.4125
15-Sep-2014
84.0516
12-Sep-2014
83.4382
11-Sep-2014
81.9145
10-Sep-2014
81.5259
09-Sep-2014
81.4005
08-Sep-2014
80.7737
05-Sep-2014
80.6645
04-Sep-2014
80.7029
03-Sep-2014
80.4899
02-Sep-2014
79.6933
01-Sep-2014
78.6980
28-Aug-2014
78.3664
27-Aug-2014
77.6488
26-Aug-2014
78.1378
25-Aug-2014
78.5990
22-Aug-2014
78.4062
21-Aug-2014
77.7150
20-Aug-2014
77.1446
19-Aug-2014
76.3704
18-Aug-2014
75.1225
14-Aug-2014
74.5725
13-Aug-2014
136
75.0670
12-Aug-2014
75.0921
11-Aug-2014
74.7032
08-Aug-2014
75.9513
07-Aug-2014
76.1243
06-Aug-2014
76.6605
05-Aug-2014
76.2073
04-Aug-2014
75.5523
01-Aug-2014
76.0834
31-Jul-2014
75.7389
30-Jul-2014
75.4134
28-Jul-2014
75.6560
25-Jul-2014
76.7343
24-Jul-2014
76.6685
23-Jul-2014
76.8966
22-Jul-2014
76.6352
21-Jul-2014
75.4162
18-Jul-2014
75.3854
17-Jul-2014
75.0229
16-Jul-2014
74.1208
15-Jul-2014
73.3063
14-Jul-2014
73.4443
11-Jul-2014
74.7934
10-Jul-2014
74.3060
09-Jul-2014
75.0886
08-Jul-2014
76.2413
07-Jul-2014
75.9569
04-Jul-2014
75.2557
03-Jul-2014
75.0141
02-Jul-2014
74.1391
01-Jul-2014
72.8508
30-Jun-2014
71.8293
27-Jun-2014
71.7235
26-Jun-2014
71.73
25-Jun-2014
137
71.3004
24-Jun-2014
71.0537
23-Jun-2014
70.3686
20-Jun-2014
70.6625
19-Jun-2014
71.2235
18-Jun-2014
70.9854
17-Jun-2014
70.1802
16-Jun-2014
70.3173
13-Jun-2014
71.1795
12-Jun-2014
70.2182
11-Jun-2014
70.5892
10-Jun-2014
70.6534
09-Jun-2014
69.7267
06-Jun-2014
68.5177
05-Jun-2014
67.9881
04-Jun-2014
67.4445
03-Jun-2014
67.5528
02-Jun-2014
66.8636
30-May-2014
66.2786
29-May-2014
66.5280
28-May-2014
65.4210
27-May-2014
65.2493
26-May-2014
66.1231
23-May-2014
65.6477
22-May-2014
64.8647
21-May-2014
64.4093
20-May-2014
63.3013
19-May-2014
62.1698
16-May-2014
61.9852
15-May-2014
62.1712
14-May-2014
62.3318
13-May-2014
61.9173
12-May-2014
61.6408
09-May-2014
60.9932
08-May-2014
138
60.6078
07-May-2014
60.3211
06-May-2014
60.0771
05-May-2014
60.5794
02-May-2014
60.6804
30-Apr-2014
60.6011
29-Apr-2014
60.8834
28-Apr-2014
60.8223
25-Apr-2014
60.7784
23-Apr-2014
60.8606
22-Apr-2014
60.9199
21-Apr-2014
60.4447
17-Apr-2014
59.9393
16-Apr-2014
59.8610
15-Apr-2014
59.9108
11-Apr-2014
59.8048
10-Apr-2014
59.8906
09-Apr-2014
59.3566
07-Apr-2014
59.6052
04-Apr-2014
59.8403
03-Apr-2014
59.6073
02-Apr-2014
59.2040
01-Apr-2014
59.3896
31-Mar-2014
58.9141
28-Mar-2014
58.3291
27-Mar-2014
58.2011
26-Mar-2014
57.9624
25-Mar-2014
57.7707
24-Mar-2014
57.4921
21-Mar-2014
57.1939
20-Mar-2014
57.3583
19-Mar-2014
57.1559
18-Mar-2014
56.3451
14-Mar-2014
56.5224
13-Mar-2014
139
56.5426
12-Mar-2014
56.3789
11-Mar-2014
56.5558
10-Mar-2014
56.2138
07-Mar-2014
55.8871
06-Mar-2014
55.3813
05-Mar-2014
55.3023
04-Mar-2014
55.0641
03-Mar-2014
54.75
28-Feb-2014
54.5015
26-Feb-2014
54.6489
25-Feb-2014
54.6073
24-Feb-2014
54.5512
21-Feb-2014
54.2698
20-Feb-2014
54.0564
19-Feb-2014
53.8449
18-Feb-2014
53.4843
17-Feb-2014
53.6316
14-Feb-2014
53.5903
13-Feb-2014
53.9923
12-Feb-2014
54.0411
11-Feb-2014
54.0566
10-Feb-2014
54.2406
07-Feb-2014
54.1153
06-Feb-2014
54.0898
05-Feb-2014
54.2486
04-Feb-2014
54.0217
03-Feb-2014
54.1718
31-Jan-2014
53.8464
30-Jan-2014
54.2227
29-Jan-2014
54.4574
28-Jan-2014
54.8345
27-Jan-2014
55.9252
24-Jan-2014
56.4769
23-Jan-2014
140
56.4412
22-Jan-2014
56.1126
21-Jan-2014
56.0010
20-Jan-2014
56.0628
17-Jan-2014
56.4996
16-Jan-2014
56.4970
14-Jan-2014
56.3234
13-Jan-2014
56.4630
10-Jan-2014
56.6229
09-Jan-2014
56.7363
08-Jan-2014
56.2764
07-Jan-2014
56.0794
06-Jan-2014
56.2398
03-Jan-2014
55.9263
02-Jan-2014
56.4587
01-Jan-2014
SBI Magnum Equity Fund - Regular Plan - Growth
72.0967
31-Dec-2014
71.8246
30-Dec-2014
71.7233
29-Dec-2014
71.2620
26-Dec-2014
71.0015
24-Dec-2014
71.5634
23-Dec-2014
72.0358
22-Dec-2014
71.4218
19-Dec-2014
70.9774
18-Dec-2014
69.5675
17-Dec-2014
70.0419
16-Dec-2014
71.0541
15-Dec-2014
71.3966
12-Dec-2014
71.8198
11-Dec-2014
72.1720
10-Dec-2014
71.8017
09-Dec-2014
72.6646
08-Dec-2014
73.5326
05-Dec-2014
73.9577
04-Dec-2014
141
73.7026
03-Dec-2014
73.2855
02-Dec-2014
73.5468
01-Dec-2014
73.3654
28-Nov-2014
72.1166
27-Nov-2014
72.0303
26-Nov-2014
72.0864
25-Nov-2014
72.9629
24-Nov-2014
72.5253
21-Nov-2014
71.8669
20-Nov-2014
71.4223
19-Nov-2014
71.5465
18-Nov-2014
71.5788
17-Nov-2014
71.2213
14-Nov-2014
70.9218
13-Nov-2014
71.1810
12-Nov-2014
70.8321
11-Nov-2014
70.4762
10-Nov-2014
70.5817
07-Nov-2014
70.1402
05-Nov-2014
69.7012
03-Nov-2014
69.7618
31-Oct-2014
68.5076
30-Oct-2014
67.8478
29-Oct-2014
67.4104
28-Oct-2014
67.0984
27-Oct-2014
66.9610
22-Oct-2014
66.4052
21-Oct-2014
66.1460
20-Oct-2014
65.2007
17-Oct-2014
64.8801
16-Oct-2014
65.8541
14-Oct-2014
65.9819
13-Oct-2014
65.6224
10-Oct-2014
142
66.4318
09-Oct-2014
65.7723
07-Oct-2014
66.3653
01-Oct-2014
66.5835
30-Sep-2014
66.5522
29-Sep-2014
66.5809
26-Sep-2014
65.8357
25-Sep-2014
66.8037
24-Sep-2014
67.1742
23-Sep-2014
68.2188
22-Sep-2014
67.9278
19-Sep-2014
68.0601
18-Sep-2014
66.8218
17-Sep-2014
66.5432
16-Sep-2014
67.9887
15-Sep-2014
68.4340
12-Sep-2014
68.2462
11-Sep-2014
68.0151
10-Sep-2014
68.3939
09-Sep-2014
68.4464
08-Sep-2014
67.8269
05-Sep-2014
67.7047
04-Sep-2014
67.8653
03-Sep-2014
67.4767
02-Sep-2014
67.0933
01-Sep-2014
66.3420
28-Aug-2014
66.3045
27-Aug-2014
65.9759
26-Aug-2014
65.9883
25-Aug-2014
66.1350
22-Aug-2014
65.6789
21-Aug-2014
65.3843
20-Aug-2014
65.3662
19-Aug-2014
64.9474
18-Aug-2014
143
63.9040
14-Aug-2014
63.3226
13-Aug-2014
63.1804
12-Aug-2014
62.3717
11-Aug-2014
61.9761
08-Aug-2014
62.6043
07-Aug-2014
62.6853
06-Aug-2014
63.2421
05-Aug-2014
62.9635
04-Aug-2014
62.3110
01-Aug-2014
63.0293
31-Jul-2014
63.5589
30-Jul-2014
63.1536
28-Jul-2014
63.4952
25-Jul-2014
64.0021
24-Jul-2014
63.7504
23-Jul-2014
63.6906
22-Jul-2014
63.2295
21-Jul-2014
63.1851
18-Jul-2014
63.0564
17-Jul-2014
62.9578
16-Jul-2014
61.8959
15-Jul-2014
60.9289
14-Jul-2014
60.9521
11-Jul-2014
61.7675
10-Jul-2014
61.9284
09-Jul-2014
62.3701
08-Jul-2014
63.7272
07-Jul-2014
63.7815
04-Jul-2014
63.2822
03-Jul-2014
63.2026
02-Jul-2014
62.4678
01-Jul-2014
62.0904
30-Jun-2014
61.3505
27-Jun-2014
144
60.8957
26-Jun-2014
61.3429
25-Jun-2014
61.8514
24-Jun-2014
61.1963
23-Jun-2014
61.3174
20-Jun-2014
61.5184
19-Jun-2014
61.5298
18-Jun-2014
62.1689
17-Jun-2014
61.0445
16-Jun-2014
61.2881
13-Jun-2014
62.1618
12-Jun-2014
61.8020
11-Jun-2014
61.9088
10-Jun-2014
61.9447
09-Jun-2014
61.4533
06-Jun-2014
60.4608
05-Jun-2014
59.8701
04-Jun-2014
60.0259
03-Jun-2014
59.6938
02-Jun-2014
58.4421
30-May-2014
58.8753
29-May-2014
59.6477
28-May-2014
59.3730
27-May-2014
59.4970
26-May-2014
59.6213
23-May-2014
58.7386
22-May-2014
58.3626
21-May-2014
58.2885
20-May-2014
58.2219
19-May-2014
57.9865
16-May-2014
57.2946
15-May-2014
57.2778
14-May-2014
57.3102
13-May-2014
56.5969
12-May-2014
55.4937
09-May-2014
54.0805
08-May-2014
145
54.0268
07-May-2014
54.4050
06-May-2014
54.1857
05-May-2014
54.1682
02-May-2014
54.1599
30-Apr-2014
54.3796
29-Apr-2014
54.7988
28-Apr-2014
54.8871
25-Apr-2014
55.2713
23-Apr-2014
55.0481
22-Apr-2014
54.9447
21-Apr-2014
54.5426
17-Apr-2014
53.7746
16-Apr-2014
54.1818
15-Apr-2014
54.3872
11-Apr-2014
54.5277
10-Apr-2014
54.5507
09-Apr-2014
53.7085
07-Apr-2014
53.8602
04-Apr-2014
54.2350
03-Apr-2014
54.3898
02-Apr-2014
54.0563
01-Apr-2014
53.9569
31-Mar-2014
53.7023
28-Mar-2014
53.3262
27-Mar-2014
53.0004
26-Mar-2014
52.9369
25-Mar-2014
52.7924
24-Mar-2014
52.2446
21-Mar-2014
52.1722
20-Mar-2014
52.4224
19-Mar-2014
52.3399
18-Mar-2014
52.1489
14-Mar-2014
52.1271
13-Mar-2014
52.2667
12-Mar-2014
52.1480
11-Mar-2014
146
52.4085
10-Mar-2014
52.3521
07-Mar-2014
51.4003
06-Mar-2014
50.8392
05-Mar-2014
50.6485
04-Mar-2014
50.2309
03-Mar-2014
50.5908
28-Feb-2014
50.3205
26-Feb-2014
50.0542
25-Feb-2014
49.9506
24-Feb-2014
49.6666
21-Feb-2014
49.1865
20-Feb-2014
49.6174
19-Feb-2014
49.4123
18-Feb-2014
49.0097
17-Feb-2014
48.8472
14-Feb-2014
48.5164
13-Feb-2014
49.0497
12-Feb-2014
48.8326
11-Feb-2014
48.6881
10-Feb-2014
48.7388
07-Feb-2014
48.6232
06-Feb-2014
48.5514
05-Feb-2014
48.4955
04-Feb-2014
48.5115
03-Feb-2014
49.0610
31-Jan-2014
48.8255
30-Jan-2014
49.2574
29-Jan-2014
49.2516
28-Jan-2014
49.4701
27-Jan-2014
50.4668
24-Jan-2014
51.0376
23-Jan-2014
50.9740
22-Jan-2014
50.8014
21-Jan-2014
50.7042
20-Jan-2014
50.3736
17-Jan-2014
147
50.8503
16-Jan-2014
50.4901
14-Jan-2014
50.6812
13-Jan-2014
49.8848
10-Jan-2014
49.7835
09-Jan-2014
49.8244
08-Jan-2014
49.6979
07-Jan-2014
49.8437
06-Jan-2014
50.0171
03-Jan-2014
49.9381
02-Jan-2014
50.5141
01-Jan-2014
SBI Magnum Global Fund - Regular Plan - Growth
124.3635 31-Dec-2014
123.4627 30-Dec-2014
123.1885 29-Dec-2014
121.9178 26-Dec-2014
121.6666 24-Dec-2014
122.1428 23-Dec-2014
121.9377 22-Dec-2014
120.2987 19-Dec-2014
119.7883 18-Dec-2014
116.82
17-Dec-2014
117.4021 16-Dec-2014
119.8795 15-Dec-2014
120.1167 12-Dec-2014
121.0307 11-Dec-2014
121.2237 10-Dec-2014
120.3870 09-Dec-2014
121.7976 08-Dec-2014
122.1640 05-Dec-2014
122.1089 04-Dec-2014
121.9693 03-Dec-2014
120.0212 02-Dec-2014
119.3064 01-Dec-2014
119.1341 28-Nov-2014
118.5191 27-Nov-2014
148
118.3249 26-Nov-2014
117.7792 25-Nov-2014
118.8427 24-Nov-2014
118.8836 21-Nov-2014
118.6260 20-Nov-2014
119.2997 19-Nov-2014
119.4878 18-Nov-2014
118.7123 17-Nov-2014
117.9106 14-Nov-2014
117.5915 13-Nov-2014
117.5303 12-Nov-2014
116.7345 11-Nov-2014
116.0013 10-Nov-2014
115.8064 07-Nov-2014
114.8665 05-Nov-2014
114.7262 03-Nov-2014
114.6871 31-Oct-2014
113.7184 30-Oct-2014
113.3926 29-Oct-2014
112.3561 28-Oct-2014
112.2442 27-Oct-2014
111.0512 22-Oct-2014
109.9028 21-Oct-2014
109.5176 20-Oct-2014
108.8071 17-Oct-2014
108.5447 16-Oct-2014
110.8360 14-Oct-2014
111.2482 13-Oct-2014
111.2819 10-Oct-2014
112.4631 09-Oct-2014
111.9728 07-Oct-2014
112.7117 01-Oct-2014
112.3929 30-Sep-2014
111.7689 29-Sep-2014
110.3693 26-Sep-2014
110.2880 25-Sep-2014
149
111.4015 24-Sep-2014
111.9424 23-Sep-2014
113.1404 22-Sep-2014
112.8949 19-Sep-2014
112.5209 18-Sep-2014
110.8522 17-Sep-2014
111.0842 16-Sep-2014
114.2627 15-Sep-2014
114.3997 12-Sep-2014
113.6966 11-Sep-2014
112.4204 10-Sep-2014
112.0769 09-Sep-2014
111.0369 08-Sep-2014
109.7015 05-Sep-2014
109.2264 04-Sep-2014
108.7427 03-Sep-2014
107.4883 02-Sep-2014
106.9163 01-Sep-2014
105.53
28-Aug-2014
105.5811 27-Aug-2014
104.7962 26-Aug-2014
104.6275 25-Aug-2014
105.1088 22-Aug-2014
104.4861 21-Aug-2014
103.7718 20-Aug-2014
103.2926 19-Aug-2014
102.3557 18-Aug-2014
101.5522 14-Aug-2014
100.6764 13-Aug-2014
100.2619 12-Aug-2014
100.0238 11-Aug-2014
99.4921
08-Aug-2014
100.7816 07-Aug-2014
100.7132 06-Aug-2014
100.2507 05-Aug-2014
99.6922
04-Aug-2014
150
99.3352
01-Aug-2014
100.0988
31-Jul-2014
99.7585
30-Jul-2014
99.6518
28-Jul-2014
100.1111
25-Jul-2014
101.3692
24-Jul-2014
101.9147
23-Jul-2014
101.5716
22-Jul-2014
101.5579
21-Jul-2014
100.9549
18-Jul-2014
100.8411
17-Jul-2014
99.7163
16-Jul-2014
98.4268
15-Jul-2014
97.4017
14-Jul-2014
97.8270
11-Jul-2014
98.8450
10-Jul-2014
98.5088
09-Jul-2014
99.3278
08-Jul-2014
101.2148
07-Jul-2014
100.4686
04-Jul-2014
100.0781
03-Jul-2014
99.4209
02-Jul-2014
98.5835
01-Jul-2014
97.8344
30-Jun-2014
96.6609
27-Jun-2014
96.1175
26-Jun-2014
95.8643
25-Jun-2014
95.1118
24-Jun-2014
94.4971
23-Jun-2014
94.2222
20-Jun-2014
94.5104
19-Jun-2014
94.8506
18-Jun-2014
94.6385
17-Jun-2014
93.6255
16-Jun-2014
93.5429
13-Jun-2014
94.7493
12-Jun-2014
151
93.4120
11-Jun-2014
93.5956
10-Jun-2014
93.6846
09-Jun-2014
93.0961
06-Jun-2014
92.1069
05-Jun-2014
91.8233
04-Jun-2014
91.5693
03-Jun-2014
91.4253
02-Jun-2014
90.2604
30-May-2014
89.9788
29-May-2014
89.9336
28-May-2014
89.3255
27-May-2014
89.0495
26-May-2014
90.3621
23-May-2014
89.2025
22-May-2014
87.9931
21-May-2014
87.2012
20-May-2014
85.9353
19-May-2014
84.3442
16-May-2014
83.9522
15-May-2014
84.3916
14-May-2014
84.1996
13-May-2014
83.6246
12-May-2014
83.4308
09-May-2014
82.3808
08-May-2014
82.0977
07-May-2014
81.7450
06-May-2014
81.8127
05-May-2014
82.1505
02-May-2014
82.0083
30-Apr-2014
82.1955
29-Apr-2014
82.5220
28-Apr-2014
82.3279
25-Apr-2014
82.5388
23-Apr-2014
82.1697
22-Apr-2014
82.0342
21-Apr-2014
152
81.8322
17-Apr-2014
81.1350
16-Apr-2014
81.3096
15-Apr-2014
81.3861
11-Apr-2014
81.6918
10-Apr-2014
81.7076
09-Apr-2014
81.0768
07-Apr-2014
81.2932
04-Apr-2014
81.7753
03-Apr-2014
81.6850
02-Apr-2014
80.9571
01-Apr-2014
81.3419
31-Mar-2014
80.6696
28-Mar-2014
79.9975
27-Mar-2014
79.5766
26-Mar-2014
79.3271
25-Mar-2014
79.1254
24-Mar-2014
78.6320
21-Mar-2014
78.0916
20-Mar-2014
77.8517
19-Mar-2014
77.1764
18-Mar-2014
76.5676
14-Mar-2014
76.74
13-Mar-2014
77.0424
12-Mar-2014
76.8663
11-Mar-2014
77.2187
10-Mar-2014
76.6478
07-Mar-2014
76.6198
06-Mar-2014
76.0964
05-Mar-2014
75.5494
04-Mar-2014
74.9575
03-Mar-2014
75.0013
28-Feb-2014
74.6897
26-Feb-2014
74.8373
25-Feb-2014
74.8668
24-Feb-2014
74.1060
21-Feb-2014
153
73.5910
20-Feb-2014
73.2635
19-Feb-2014
72.9787
18-Feb-2014
72.9595
17-Feb-2014
73.2864
14-Feb-2014
73.0381
13-Feb-2014
73.2897
12-Feb-2014
73.1633
11-Feb-2014
73.0242
10-Feb-2014
73.0737
07-Feb-2014
73.1106
06-Feb-2014
73.3523
05-Feb-2014
72.8965
04-Feb-2014
72.7531
03-Feb-2014
72.7835
31-Jan-2014
71.9980
30-Jan-2014
72.5527
29-Jan-2014
72.9103
28-Jan-2014
73.2050
27-Jan-2014
74.5739
24-Jan-2014
75.4518
23-Jan-2014
75.5938
22-Jan-2014
75.2106
21-Jan-2014
74.8154
20-Jan-2014
74.5381
17-Jan-2014
75.0289
16-Jan-2014
74.7288
14-Jan-2014
74.7571
13-Jan-2014
74.5350
10-Jan-2014
74.9596
09-Jan-2014
75.0087
08-Jan-2014
74.5607
07-Jan-2014
74.5019
06-Jan-2014
74.2083
03-Jan-2014
73.9215
02-Jan-2014
74.8177
01-Jan-2014
154

A Study of Risk and Return Analysis of Open-Ended Equity Schemes With Regular Plan-Growth" Project Sonali

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A Study of Risk and Return Analysis of Open-Ended Equity Schemes With Regular Plan-Growth" Project Sonali

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A Project report on

A Study of Risk and Return Analysis of open-ended equity schemes

Under the guidance of:

BRCM College Of Business Administration

BRCM College Of Business Administration

BRCM College Of Business Administration

BRCM College Of Business Administration

BRCM College Of Business Administration

Introduction to Mutual fund

Concept of Mutual Fund

Concept of Mutual Fund in Detail

Mutual Fund Operational Flow Chart

History of Mutual Fund

Current Scenario of Mutual fund Industry

Future Scenario of Mutual fund Industry

Benefits of Investing in Mutual Fund

Disadvantages of investing through Mutual fund

Risk in Mutual Fund

Structure of Mutual Fund

Types of Mutual Fund Schemes in India

SEBI rules and Regulations for Mutual funds

Frequently used Terms

Products of SBI Mutual fund

BRCM College Of Business Administration

Proposed Analysis Methodologies

Concept of risk and return

Tools for analysis

Conclusion and suggestion

BRCM College Of Business Administration

BRCM College Of Business Administration

BRCM College Of Business Administration

BRCM College Of Business Administration

1.2 THE CONCEPT OF MUTUAL FUND IN DETAIL

A Mutual Fund is an investment tool that allows small investors access to a

BRCM College Of Business Administration

When an investor subscribes to a mutual fund, he or she buys a part of

A Mutual Fund is a trust that pools the savings of a number of investors

BRCM College Of Business Administration

1.3 MUTUAL FUND OPERATION FLOW CHART

BRCM College Of Business Administration

First Phase - 1964-1987:

Second Phase - 1987-1993 (Entry of Public Sector Funds):

BRCM College Of Business Administration

Fourth Phase - since February 2003

BRCM College Of Business Administration

1.5 Current Scenario of Mutual fund Industry:

BRCM College Of Business Administration

BRCM College Of Business Administration

1.6 Future Scenario of Mutual fund Industry:

Diverse Range of Products:

BRCM College Of Business Administration

Regulation for MF Distributors

Recommendations to re-visit the eligibility norms of AMCs:

Trading through stock exchange platforms:

BRCM College Of Business Administration

Real Estate Mutual Funds:

BRCM College Of Business Administration

BRCM College Of Business Administration

1. No Control Over Costs:

BRCM College Of Business Administration

seat of somebody else's car

BRCM College Of Business Administration