The Following Icici Mutual Fund All Selected For The Study

MUTUAL FUND
THE FOLLOWING ICICI MUTUAL FUND ALL SELECTED FOR THE

STUDY
1. ICICI prudential FMCG fund - direct plan
2. ICICI prudential child care plan - study plan - direct plan
3. ICICI prudential dynamic bond - direct plan portfolio details
4. ICICI prudential balanced fund - direct plan
5. ICICI prudential balanced fund direct growth
Period of study
The period selected for evaluating their performance in from 1-1-2015 to 28-2-2018 weekly
NAV of all these fund was collected and analyzed .Also the market i.e. BSE Sensex values
are also collected for the some direction for the study.
4.1 ICICI Prudential FMCG Fund - Direct Plan
TABLE (2) Portfolio Details of ICICI prudential FMCG fund - direct plan
AMC Name ICICI Prudential Asset Management Company Ltd
Scheme Name ICICI Prudential FMCG - Direct - Growth
TABLE (3) Scheme Features of ICICI Prudential FMCG Fund - Direct Plan
Fund Type : Open Ended
Nature Of Scheme : Equity
Investment Objective : To generate long term capital appreciation through investments
made primarily in equities of select group of companies in the
FMCG Sector. The AMC will be broadly guided, while
investing the corpus of the Scheme, among other criteria, by the
market capitalization of the companies.
Inception Date : 26/12/2012
Corpus : 348.2820 (in Rs. Crores) as on 2/28/2018
Bench Mark :
REVA UNIVERSITY Page 45

MUTUAL FUND
TABLE (4) Portfolio holdings of ICICI prudential FMCG fund - direct plan
Equity Sector Qty Value %

(Rs cr)
ITC Tobacco 4,532,004.00 120.12 34.49
Jubilant Food Miscellaneous 103,114.00 20.97 6.02
Britannia Food & Beverages 36,332.00 18.15 5.21
Bajaj Corp Consumer Non-durables 319,994.00 15.35 4.41
HUL Consumer Non-durables 110,867.00 14.61 4.19
Manpasand Bever Food & Beverages 362,790.00 13.78 3.96
Nestle Food & Beverages 17,704.00 13.74 3.95
Emami Consumer Non-durables 121,668.00 13.14 3.77
Trent Retail & Real Estate 404,663.00 12.79 3.67
P and G Consumer Non-durables 13,014.00 12.22 3.51
Bata India Consumer Non-durables 165,870.00 12.11 3.48
Dabur India Consumer Non-durables 334,749.00 10.88 3.12
Eveready Ind Consumer Non-durables 241,989.00 9.51 2.73
Relaxo Footwear Consumer Non-durables 146,320.00 8.93 2.56
Marico Consumer Non-durables 264,365.00 8.15 2.34
Godrej Consumer Consumer Non-durables 53,049.00 5.68 1.63
Page Industries Manufacturing 2,550.00 5.58 1.60
Aditya Birla F Retail & Real Estate 320,772.00 4.89 1.40
GlaxoSmith Con Food & Beverages 6,792.00 4.55 1.31

MUTUAL FUND
S H Kelkar Miscellaneous 158,528.00 4.51 1.30
Colgate Consumer Non-durables 41,946.00 4.37 1.25
TABLE (5) Sectoral Allocation of ICICI Prudential FMCG Fund - Direct Plan
Sector Value %
(Rs in cr.)
Tobacco 120.12 34.49
Consumer Non-durables 114.95 32.99
Food & Beverages 50.22 14.43
Miscellaneous 25.48 7.32
Retail & Real Estate 17.68 5.07
Manufacturing 5.58 1.60
Cash / Call -- 4.09
TABLE (6) Tools of Analysis of ICICI Prudential FMCG Fund - Direct Plan
Tools of Analysis Fund Market
Average 0.23849% 0.1406%
Standard Deviation 0.0204131 0.018749
Variance 0.0004167 0.000352
Covariance 0.0002517
Correlation 0.6577178

MUTUAL FUND
BETA
cov(r,km )
Beta = 2
[(stddev(km ))]
Where,
r = return on the fund examining,
Km= return on the index choosing as a proxy for the stock market
0.0002517
Beta = = 0.60403943
0.00041669465
SHARPE– RATIO
(Ri −Rf )
. Sharp Ratio = Si
Where, Si is standard deviation of the fund Ri is return on investment; Rf is risk free rate of
interest.
𝟎.𝟐𝟑𝟖𝟒𝟗 −𝟎.𝟎𝟔
Sharpe– Ratio = = 8.74
𝟎.𝟎𝟐𝟎𝟒𝟏𝟑𝟏
Jenson Measure Jenson’s Measure = Portfolio Average Return –[Risk Free Rate of Return +
Beta oF Fund(Benchmark return − Risk free return)]
Jenson Measure = 0.23849 - (0.06 + 0.60403943 (0.1406 - 0.06)) = 0.1299

Trainor’s Performance Index
Trainor ratio
Formula
𝒓𝒊 − 𝒓𝒇
T= 𝜷
T= Trainor ratio,
𝒓𝒊 = portfolio i's return,
𝒓𝒇 = risk free rate
𝜷= portfolio i's beta
𝟎.𝟐𝟑𝟖𝟓−𝟎.𝟎𝟔
T= 𝟎.𝟔𝟎𝟒𝟎𝟑𝟗𝟒𝟑 = 0.29551051

MUTUAL FUND
4.2 ICICI PRUDENTIAL CHILD CARE PLAN - STUDY PLAN - DIRECT

PLAN
TABLE (7) Portfolio Details of ICICI prudential child care plan - study plan - direct plan
Scheme Name ICICI Prudential Child Care Plan - Study Plan direct plan
TABLE (8) Scheme features of ICICI prudential child care plan - study plan - direct plan
Fund Type Open Ended

Nature Of Scheme Equity & Debt
Investment Objective The primary investment objective of the Study Plan is to seek
generation of current income by creating a portfolio that is
invested in debt, money market instruments and equity and equity
related securities
Inception Date 16/07/2001
Corpus 129.0842 (in Rs. Crores) as on 2/28/2018
Bench Mark Crisil MIP Blended Index
TABLE (9) Portfolio Holdings of ICICI prudential child care plan - study plan - direct
plan

(Rs cr)
Motherson Sumi Automotive 90,471.00 2.99 2.31
HDFC Bank Banking & Financial Services 14,005.00 2.64 2.04
TVS Motor Automotive 23,500.00 1.60 1.24
KNR Construct Cement & Construction 50,000.00 1.54 1.19
Britannia Food & Beverages 3,000.00 1.50 1.16

MUTUAL FUND
Maruti Suzuki Automotive 1,562.00 1.38 1.07
HDFC Banking & Financial Services 7,400.00 1.34 1.04
Kotak Mahindra Banking & Financial Services 11,500.00 1.25 0.97
ICICI Bank Banking & Financial Services 39,949.00 1.25 0.97
Thomas Cook Miscellaneous 50,043.00 1.22 0.94
Greenply Ind Miscellaneous 30,400.00 1.04 0.81
PVR Media & Entertainment 7,800.00 1.03 0.80
SBI Banking & Financial Services 36,600.00 0.98 0.76
Blue Star Consumer Durables 10,000.00 0.74 0.58
Indian Hotels Services 47,980.00 0.66 0.51
Astral Poly Tec Manufacturing 6,481.00 0.59 0.46
Federal Bank Banking & Financial Services 59,963.00 0.57 0.44
Prism Cement Cement & Construction 44,000.00 0.56 0.43
Page Industries Manufacturing 256.00 0.56 0.43
Natco Pharma Pharmaceuticals 6,686.00 0.53 0.41
Equitas Holding Banking & Financial Services 28,660.00 0.43 0.33
Max Financial Manufacturing 8,290.00 0.41 0.32
Lupin Pharmaceuticals 4,000.00 0.33 0.25

MUTUAL FUND
TABLE (10) Sectoral Allocation of ICICI prudential child care plan - study plan - direct
plan
Sector Value %
(Rs in cr.)
Banking & Financial Services 8.46 6.55
Automotive 5.97 4.62
Cement & Construction 2.1 1.62
Media & Entertainment 1.03 0.80
Pharmaceuticals 0.86 0.66
Consumer Durables 0.74 0.58
Services 0.66 0.51
Debt -- 63.25
Cash / Call -- 17.29
TABLE (11) Analysis Tools of ICICI prudential child care plan - study plan - direct plan
Average Return 0.1869% 0.14058%

Variance 0.000269079 0.000351508
Covariance 0.000153168

MUTUAL FUND
Beta
cov(r,km )
Beta = 2
[(stddev(km ))]
Where,
𝟎.𝟎𝟎𝟎𝟏𝟓𝟑𝟏𝟔𝟖
Beta = = 0.569303802
𝟎.𝟎𝟎𝟎𝟐𝟔𝟗𝟎𝟒𝟒𝟒
Sharpe– Ratio
(Ri −Rf )
Sharp Ratio =
Si
interest.
𝟎.𝟏𝟖𝟔𝟗 −𝟎.𝟎𝟔
Sharpe– Ratio = 𝟎.𝟎𝟏𝟔𝟒𝟎𝟑𝟔𝟐𝟗 = 7.736
Jenson Measure = 0.1869 - {0.06 + 0.569303802 (0.14058 - 0.06)} = 0.081

Formula
T= 𝜷
T= Trainor ratio,
𝟎.𝟏𝟖𝟔𝟗 −𝟎.𝟎𝟔
T = 𝟎.𝟓𝟔𝟗𝟑𝟎𝟑𝟖𝟎𝟐 = 0.2229037

MUTUAL FUND
4.3 ICICI PRUDENTIAL DYNAMIC BOND - DIRECT PLAN

TABLE (12) Portfolio Details Of ICICI prudential dynamic bond - direct plan
Scheme Name ICICI Prudential Dynamic Bond - Direct - plan
TABLE (13) Scheme Features Of ICICI prudential dynamic bond - direct plan

Nature Of Scheme Debt
Investment Objective ICICI Prudential Medium Term Plan is an open-ended income
fund that intends to generate regular income through investments
in debt and money market instruments with a view to provide
regular dividend payments and a secondary objective of growth
of capital
Bench Mark 0.06
TABLE (14) Sectoral Allocation Of ICICI prudential dynamic bond - direct plan
Sector Value %
(Rs in cr.)
Utilities 2471.2 8.89
Oil & Gas 1816.95 6.53
Information Technology 1758.86 6.33
Metals & Mining 1135.21 4.08

Chemicals 1051.69 3.79

MUTUAL FUND
Tobacco 924.71 3.33

Telecommunication 919.94 3.31
Engineering & Capital Goods 912.72 3.29
Services 182.12 0.65
Conglomerates 59.09 0.21
Debt -- 19.6
Cash / Call -- 4.82
Money Market -- 7.45
Others / Unlisted -- -1.85
TABLE (15) Portfolio Holdings Of ICICI prudential

dynamic bond - direct plan
Debt Rating Value Qty %
Banking &
ICICI Bank 17,200,000.00 538.79 4.89
Financial Services
Information
Infosys 3,967,635.00 465.24 4.22
Technology
NTPC Utilities 27,000,000.00 440.78 4
ITC Tobacco 14,695,953.00 389.52 3.54
Power Grid Corp Utilities 19,043,517.00 376.49 3.42

MUTUAL FUND
Engineering &
Larsen 2,600,000.00 342.72 3.11
Capital Goods
Banking &
SBI 12,000,000.00 321.6 2.92
Financial Services
Information
HCL Tech 2,901,632.00 272.84 2.48
Technology
Bharti Airtel Telecommunication 6,000,000.00 257.13 2.33
Tata Chemicals Chemicals 3,546,686.00 249.92 2.27
ONGC Oil & Gas 13,160,563.00 247.81 2.25
Cipla Pharmaceuticals 3,422,191.00 201.79 1.83
Hindalco Metals & Mining 8,160,685.00 200.26 1.82
Banking &
HDFC 1,000,000.00 180.87 1.64
Financial Services
GE Shipping Services 4,674,552.00 170.9 1.55
Banking &
Axis Bank 2,900,000.00 153.34 1.39
Financial Services
Sun Pharma Pharmaceuticals 2,830,872.00 151.55 1.38
GAIL Oil & Gas 2,700,000.00 123.53 1.12
Asian Paints Chemicals 1,100,000.00 122.95 1.12
Interglobe Avi Services 909,511.00 121.48 1.1
Vedanta Metals & Mining 3,441,946.00 113.5 1.03

MUTUAL FUND
Tata Steel Metals & Mining 1,600,000.00 107.46 0.98
Tata Motors (D) Automotive 4,651,098.00 96.23 0.87
IOC Oil & Gas 2,454,358.00 93.09 0.85
Apollo Tyres Automotive 3,200,000.00 87.86 0.8
Banking &
HDFC Bank 453,111.00 85.38 0.77
Financial Services
Tata Motors Automotive 2,257,737.00 83.51 0.76
Tata Power Utilities 8,601,000.00 72.68 0.66
Guj Mineral Metals & Mining 5,000,000.00 70.35 0.64
Mcleod Food & Beverages 3,996,186.00 65.98 0.6
Ipca Labs Pharmaceuticals 984,712.00 66.26 0.6
Banking &
Federal Bank 6,500,000.00 61.26 0.56
Financial Services
Media &
Ent Network Ind 769,383.00 55.3 0.5
Entertainment
Gujarat Pipavav Services 3,844,456.00 54.59 0.5
SBI Life Insura Conglomerates 771,200.00 53.56 0.49
Media &
DB Corp 1,500,000.00 50.18 0.46
Entertainment

MUTUAL FUND
Banking &
Union Bank 4,500,000.00 47.5 0.43
Financial Services
Banking &
Bank of Baroda 2,991,404.00 42.46 0.39
Financial Services
Cement &
Ambuja Cements 1,700,000.00 42.9 0.39
Construction
AstraZeneca Pharmaceuticals 394,269.00 40.38 0.37
Engineering &
Cummins 501,125.00 39.89 0.36
Capital Goods
Container Corp Services 300,000.00 39.12 0.36

Media &
Zee Entertain 672,000.00 37.99 0.34
Entertainment
Indian Hotels Services 2,500,000.00 34.29 0.31
Engineering &
EngineersInd 1,995,475.00 34.54 0.31
Capital Goods
JB Chemicals Pharmaceuticals 923,380.00 29.1 0.26
Media &
JagranPrakashan 1,362,561.00 22.63 0.21
Entertainment
Retail & Real

Aditya Birla F 1,395,096.00 21.25 0.19
Estate
Rallis India Chemicals 884,670.00 20.47 0.19
Max Financial Manufacturing 400,000.00 19.82 0.18

MUTUAL FUND
Information
Cyient 253,082.00 16.11 0.15
Technology
Banking &
Equitas Holding 1,088,906.00 16.22 0.15
Financial Services
Engineering &
Texmaco Infra 1,973,002.00 12.23 0.11
Capital Goods
Banking &
IDFC 2,214,691.00 11.73 0.11
Financial Services
Electrosteel Manufacturing 3,030,851.00 9.46 0.09
VRL Logistics Services 193,654.00 7.9 0.07

Cement &
JK Lakshmi Cem 155,906.00 6.62 0.06
Construction
Banking &
Karur Vysya 571,390.00 6.16 0.06
Financial Services
Engineering &
Starlog Enter 600,880.00 3.27 0.03
Capital Goods
TABLE (16) Tools of Analysis Of ICICI prudential dynamic bond - direct plan
Variance 0.000333 0.00036
Covariance 0.000243
Beta

MUTUAL FUND
cov(r,km )
Beta = 2
[(stddev(km ))]
Where,
𝟎.𝟎𝟎𝟎𝟐𝟑𝟐𝟗𝟏𝟔
Beta = = 0.719066683
𝟎.𝟎𝟎𝟎𝟑𝟐𝟑𝟗𝟏𝟒𝟑𝟐𝟓𝟕
Sharpe– Ratio
(Ri −Rf )
.Sharp Ratio = Si
interest.
𝟎.𝟐𝟑𝟑𝟔−𝟎.𝟎𝟔
Sharpe– Ratio = = 9.645
𝟎.𝟎𝟏𝟕𝟗𝟗𝟕𝟔𝟐
Jenson Measure = 0.2336 – {0.06 + 0.719066683 (0.1406 - 0.06)} = 0.115643225

Trainor ratio
Formula
T= 𝜷
T= Trainor ratio,
𝟎.𝟐𝟑𝟑𝟔−𝟎.𝟎𝟔
T= = 0.24142062
𝟎.𝟕𝟏𝟗𝟎𝟔𝟔𝟔𝟖𝟑

MUTUAL FUND
4.4 ICICI PRUDENTIAL BALANCED FUND - DIRECT PLAN
TABLE (17) Portfolio Details of ICICI prudential balanced fund - direct plan

Scheme Name ICICI Prudential Balanced Fund - Direct Plan
TABLE (18) Scheme Features of ICICI prudential balanced fund - direct plan
Investment Objective To generate long term capital appreciation and current income
from a portfolio that is invested in equity and equity related
securities as well as in fixed income securities
Bench Mark 0.06
TABLE (19) Portfolio Holdings of ICICI prudential balanced fund - direct plan

(Rs cr)
ICICI Bank Banking & Financial Services 41,813,792.00 1,309.82 4.71
Infosys Information Technology 9,600,308.00 1,125.73 4.05
NTPC Utilities 65,747,337.00 1,073.33 3.86
Power Grid Corp Utilities 50,322,474.00 994.88 3.58
SBI Banking & Financial Services 35,000,000.00 938.00 3.37
ITC Tobacco 34,888,166.00 924.71 3.33
ONGC Oil & Gas 41,977,076.00 790.43 2.84

MUTUAL FUND
Larsen Engineering & Capital Goods 4,833,717.00 637.16 2.29
IOC Oil & Gas 12,774,451.00 484.53 1.74
HDFC Bank Banking & Financial Services 2,500,659.00 471.17 1.69
HCL Tech Information Technology 4,940,937.00 464.60 1.67
Axis Bank Banking & Financial Services 7,813,504.00 413.14 1.49
HDFC Banking & Financial Services 1,999,308.00 361.61 1.30
Maruti Suzuki Automotive 333,303.00 295.00 1.06
Idea Cellular Telecommunication 29,790,162.00 249.94 0.90
GAIL Oil & Gas 5,459,757.00 249.78 0.90
Zee Entertain Media & Entertainment 4,412,199.00 249.44 0.90
Motherson Sumi Automotive 7,039,901.00 232.32 0.84
BPCL Oil & Gas 5,026,104.00 215.90 0.78

MUTUAL FUND
EngineersInd Engineering & Capital Goods 10,208,167.00 176.70 0.64
Ambuja Cements Cement & Construction 7,099,803.00 179.16 0.64
Wipro Information Technology 5,755,805.00 168.53 0.61
Eicher Motors Automotive 51,488.00 141.27 0.51
TVS Motor Automotive 1,974,982.00 134.49 0.48
Federal Bank Banking & Financial Services 13,347,604.00 125.80 0.45
ICICI PrudentiaL Banking & Financial Services 2,570,015.00 106.09 0.38
Ashok Leyland Automotive 7,465,917.00 105.64 0.38
IDFC Banking & Financial Services 19,361,236.00 102.52 0.37
NLC India Utilities 9,017,624.00 88.42 0.32
Thomas Cook Miscellaneous 3,261,619.00 79.21 0.28
HPCL Oil & Gas 2,007,408.00 76.31 0.27
Guj Ind Power Utilities 6,704,557.00 75.02 0.27
Cummins Engineering & Capital Goods 903,176.00 71.89 0.26
JK Lakshmi Cem Cement & Construction 1,691,479.00 71.86 0.26
Coal India Metals & Mining 2,169,108.00 67.06 0.24
Narayana Hruda Services 2,108,050.00 63.29 0.23
Max Financial Manufacturing 1,240,000.00 61.44 0.22
Dabur India Consumer Non-durables 1,847,342.00 60.05 0.22

MUTUAL FUND
Ashoka Buildcon Cement & Construction 2,739,533.00 60.00 0.22
Union Bank Banking & Financial Services 4,849,660.00 51.19 0.18
Bharat Elec Manufacturing 3,231,888.00 49.88 0.18
PNC Infratech Retail & Real Estate 2,795,587.00 46.09 0.17
Hind Zinc Metals & Mining 1,217,551.00 39.75 0.14
Ashiana Housing Retail & Real Estate 2,259,790.00 38.92 0.14
PI Industries Chemicals 436,359.00 38.08 0.14
Alembic Pharma Pharmaceuticals 620,784.00 34.31 0.12
Adani Ports Engineering & Capital Goods 660,433.00 26.97 0.10
Orient Cement Cement & Construction 1,586,597.00 25.37 0.09
Bharti Infratel Telecommunication 715,742.00 24.81 0.09
JagranPrakashan Media & Entertainment 1,315,290.00 21.84 0.08
Exide Ind Automotive 921,869.00 19.12 0.07
ICICI Lombard Conglomerates 145,493.00 11.56 0.04
Gateway Distri Miscellaneous 447,141.00 9.33 0.03
KNR Construct Cement & Construction 266,726.00 8.22 0.03
Syndicate Bank Banking & Financial Services 1,188,354.00 7.26 0.03
EIH Services 388,369.00 6.75 0.02

MUTUAL FUND
Bajaj Finserv Banking & Financial Services 13,097.00 6.62 0.02
Bank of Baroda Banking & Financial Services 409,122.00 5.81 0.02
MCX India Miscellaneous 55,735.00 4.35 0.02
TABLE (20) Sectoral Allocation of ICICI prudential balanced fund - direct plan
Sector Value %
(Rs in cr.)
Utilities 2471.2 8.89
Oil & Gas 1816.95 6.53
Information Technology 1758.86 6.33
Metals & Mining 1135.21 4.08
Chemicals 1051.69 3.79
Tobacco 924.71 3.33
Telecommunication 919.94 3.31
Engineering & Capital Goods 912.72 3.29

MUTUAL FUND
TABLE (21) Tools of Analysis Fund Market of ICICI prudential balanced fund - direct
plan
Variance 0.000241 0.000352
Covariance 0.00022
Beta
cov(r,km )
Beta = 2
[(stddev(km ))]
Where,
𝟎.𝟎𝟎𝟎𝟐𝟐
Beta = = 0.82913017
𝟎.𝟎𝟎𝟎𝟐𝟔𝟓𝟑𝟑𝟖𝟑𝟏𝟐
Sharpe– Ratio
(Ri −Rf )
Sharp Ratio = Si
interest.
𝟎.𝟐𝟓𝟑𝟏 −𝟎.𝟎𝟔
Sharpe– Ratio = = 12.44922958
𝟎.𝟎𝟏𝟓𝟓𝟏𝟏

MUTUAL FUND
Jenson Measure = 0.2531- {0.06 + 0.82913017 ( 0.1406 - 0.06)} = 0.126272108

Trainor ratio
Formula
T= 𝜷
T = Trainor ratio
𝒓𝒊 = portfolio i's return
ᵝ = portfolio i's beta
𝟎.𝟐𝟓𝟑𝟏−𝟎.𝟎𝟔
T= = 𝟎. 𝟐𝟑𝟐𝟖𝟗𝟒𝟔𝟕𝟑
𝟎.𝟖𝟐𝟗𝟏𝟑𝟎𝟏𝟕

MUTUAL FUND
4.5 ICICI PRUDENTIAL BALANCED FUND DIRECT GROWTH

TABLE (22) Portfolio Details of ICICI prudential balanced fund direct growth
Scheme Name ICICI Prudential Balanced fund - Direct - Growth
TABLE (23) Scheme Features of ICICI prudential balanced fund direct growth
Investment Objective To generate long term capital appreciation and current income
from a portfolio that is invested in equity and equity related
securities as well as in fixed income securities
Bench Mark 0.06
TABLE (24) Portfolio Holdings of ICICI prudential balanced fund

direct growth
Value
Equity Sector Qty %
(Rs cr)
Banking & Financial
ICICI Bank 41,813,792.00 1,309.82 4.71
Services
Information
Infosys 9,600,308.00 1,125.73 4.05
Technology
NTPC Utilities 65,747,337.00 1,073.33 3.86
Power Grid
Utilities 50,322,474.00 994.88 3.58
Corp
Banking & Financial
SBI 35,000,000.00 938 3.37
Services

MUTUAL FUND
ITC Tobacco 34,888,166.00 924.71 3.33
ONGC Oil & Gas 41,977,076.00 790.43 2.84
Engineering &
Larsen 4,833,717.00 637.16 2.29
Capital Goods

IOC Oil & Gas 12,774,451.00 484.53 1.74

Banking & Financial
HDFC Bank 2,500,659.00 471.17 1.69
Services
Information
HCL Tech 4,940,937.00 464.6 1.67
Technology
Banking & Financial
Axis Bank 7,813,504.00 413.14 1.49
Services
Banking & Financial

HDFC 1,999,308.00 361.61 1.3
Services
Maruti Suzuki Automotive 333,303.00 295 1.06
Idea Cellular Telecommunication 29,790,162.00 249.94 0.9
GAIL Oil & Gas 5,459,757.00 249.78 0.9

Media &
Zee Entertain 4,412,199.00 249.44 0.9
Entertainment

MUTUAL FUND
Motherson Sumi Automotive 7,039,901.00 232.32 0.84
BPCL Oil & Gas 5,026,104.00 215.9 0.78

Engineering &
EngineersInd 10,208,167.00 176.7 0.64
Capital Goods
Ambuja Cement &
7,099,803.00 179.16 0.64
Cements Construction
Information
Wipro 5,755,805.00 168.53 0.61
Technology
Eicher Motors Automotive 51,488.00 141.27 0.51
TVS Motor Automotive 1,974,982.00 134.49 0.48
Banking & Financial
Federal Bank 13,347,604.00 125.8 0.45
Services
GlaxoSmith
Food & Beverages 185,435.00 124.18 0.45
Con
Banking & Financial
ICICI Prudentia 2,570,015.00 106.09 0.38
Services
Ashok Leyland Automotive 7,465,917.00 105.64 0.38
Banking & Financial
IDFC 19,361,236.00 102.52 0.37
Services
NLC India Utilities 9,017,624.00 88.42 0.32
Thomas Cook Miscellaneous 3,261,619.00 79.21 0.28
HPCL Oil & Gas 2,007,408.00 76.31 0.27
Guj Ind Power Utilities 6,704,557.00 75.02 0.27
Engineering &
Cummins 903,176.00 71.89 0.26
Capital Goods

MUTUAL FUND
JK Lakshmi Cement &

1,691,479.00 71.86 0.26
Cem Construction
Coal India Metals & Mining 2,169,108.00 67.06 0.24
Narayana Hruda Services 2,108,050.00 63.29 0.23

Max Financial Manufacturing 1,240,000.00 61.44 0.22
Consumer Non-
Dabur India 1,847,342.00 60.05 0.22
durables
Ashoka Cement &
2,739,533.00 60 0.22
Buildcon Construction
Banking & Financial

Union Bank 4,849,660.00 51.19 0.18
Services
Bharat Elec Manufacturing 3,231,888.00 49.88 0.18
PNC Infratech Retail & Real Estate 2,795,587.00 46.09 0.17
Hind Zinc Metals & Mining 1,217,551.00 39.75 0.14
Ashiana
Retail & Real Estate 2,259,790.00 38.92 0.14
Housing
PI Industries Chemicals 436,359.00 38.08 0.14
Alembic
Pharmaceuticals 620,784.00 34.31 0.12
Pharma
Engineering &
Adani Ports 660,433.00 26.97 0.1
Capital Goods
Cement &
Orient Cement 1,586,597.00 25.37 0.09
Construction
Bharti Infratel Telecommunication 715,742.00 24.81 0.09

MUTUAL FUND
Media &
JagranPrakashan 1,315,290.00 21.84 0.08
Entertainment
Exide Ind Automotive 921,869.00 19.12 0.07
ICICI Lombard Conglomerates 145,493.00 11.56 0.04
Gateway Distri Miscellaneous 447,141.00 9.33 0.03
Cement &
KNR Construct 266,726.00 8.22 0.03
Construction
Banking & Financial
Syndicate Bank 1,188,354.00 7.26 0.03
Services
EIH Services 388,369.00 6.75 0.02
Banking & Financial
Bajaj Finserv 13,097.00 6.62 0.02
Services
Banking & Financial

Bank of Baroda 409,122.00 5.81 0.02
Services
MCX India Miscellaneous 55,735.00 4.35 0.02
TABLE (25) Sectoral Allocation of ICICI prudential balanced fund direct growth
Sector Value %
(Rs in cr.)

MUTUAL FUND

Conglomerates 59.09 0.21
Debt -- 19.6
Cash / Call -- 4.82
Money Market -- 7.45
Others / Unlisted -- -1.85
TABLE (26) Tools of Analysis of ICICI prudential balanced fund direct growth
Tools of Analysis Fund ) Market

Variance 0.000241 0.000351508
Covariance
0.000219
Beta
cov(r,km )
Beta = 2
[(stddev(km ))]
Where,
0.0002190
Beta = = 0.90885096338
𝟎.𝟎𝟎𝟎𝟐𝟒𝟎𝟗𝟔𝟑𝟔
Sharpe– Ratio
(Ri −Rf )
. Sharp Ratio = Si
interest.

MUTUAL FUND
𝟎.𝟐𝟐𝟕𝟖−𝟎.𝟎𝟔
Sharpe– Ratio = = 𝟏𝟎. 𝟖𝟎𝟗𝟕𝟔𝟔𝟏𝟓
𝟎.𝟎𝟏𝟓𝟓𝟐𝟑
Jenson Measure = 0.2278 - { 0.06 + 0.90885096338 ( 0.1406 - 0.06 ) } = - 0.094546612

Treynor ratio
Formula
T= 𝜷
T= Trainor ratio,
𝟎.𝟐𝟐𝟕𝟖 − 𝟎.𝟎𝟔
T= = −𝟎. 𝟏𝟖𝟒𝟔𝟐𝟖𝟕𝟑𝟏
𝟎.𝟗𝟎𝟖𝟖𝟓𝟎𝟗𝟔𝟑𝟑𝟖

MUTUAL FUND
4.6 ANALYSIS BASED ON THE STANDARD DEVIATION OF THE FUND

TABLE 27: Standard Deviation of Fund Return & Market return
Fund Standard Market Standard

Funds
Deviation Deviation
ICICI Prudential FMCG Fund - Direct Plan 2.04 1.9
ICICI Prudential Dynamic Bond - Direct Plan 1.8 1.9

ICICI Prudential Child Care Plan - Study Plan
1.64 1.9
- Direct Plan
ICICI Prudential Balanced Fund - Direct Plan 1.6 1.9
ICICI prudential balanced fund direct growth 1.6 1.9
CHART 1: Showing Standard Deviation of The Fund & Market
Standard deviation of Fund & Market

Fund Standard Deviation Market Standard Deviation
2.04
1.8
1.64 1.6 1.60
0.91
0.19 0.19 0.19 0.19
ICICI Prudential ICICI Prudential ICICI Prudential ICICI Prudential ICICI prudential
FMCG Fund - Dynamic Bond - Child Care Plan - Balanced Fund - balanced fund
Direct Plan Direct Plan Study Plan - Direct Plan direct growth
Direct Plan
Interpretation: The above chart shows the highest value of standard deviation is of ICICI
Prudential FMCG Fund - Direct Plan which is 2.04 whereas the lowest value is of ICICI prudential
balanced fund direct growth which is 0.6 This means that the most volatile fund amongst them is,
ICICI Prudential FMCG Fund - Direct Plan i.e.it has the highest amount of risk associated with it.
On the other hand the ICICI prudential balanced fund direct growth has least amount of risk
involved

MUTUAL FUND
4.7 ANALYSIS ACCORDING TO AVERAGE FUND RETURN AND

AVERAGE MARKET RETURN
TABLE.28: Average Fund Return and Average Market Return
Average Fund Average Market

funds Return Return
ICICI Prudential FMCG Fund - Direct Plan 0.23849% 0.1406%
ICICI Prudential Dynamic Bond - Direct Plan 0.2336% 0.1406%
ICICI Prudential Child Care Plan - Study
0.1869% 0.14058%
Plan - Direct Plan
ICICI Prudential Balanced Fund - Direct Plan 0.2531% 0.1406%
ICICI prudential balanced fund direct growth 0.2278% 0.1406%
CHART.2: Showing Average Fund Return and Average Market Return
0.30% 0.24% 0.25%

0.23% 0.23%
0.25% 0.19%
0.20% 0.14% 0.14% 0.14% 0.14% 0.14%
0.15%
0.10%
0.05%
0.00%
Direct Plan
Average Fund Return Average Market Return
INTERPRETATION: From the above chart it is revealed that all of these 5 funds are
outperforming the market because the average return of all of the funds are higher than the
average market return and out of all 5 funds, ICICI Capital Builder Fund Growth being on the
top with 25 % average return which the average market return is 14% followed by ICICI Long-
term Advantage Fund Growth in second position and ICICI Prudence Fund Growth being on the
3rd position with average return of 24 % and 23 % respectively. Hence, all of the five funds of

MUTUAL FUND
HDFC Mutual Fund are performing very well and all the other factors being constant these
schemes have a good return
4.8 ANALYSIS ACCORDING TO BETA
TABLE.29 : Showing Analysis of Beta
fund Beta
ICICI Prudential FMCG Fund - Direct Plan 0.6
ICICI Prudential Dynamic Bond - Direct Plan 0.72
ICICI Prudential Child Care Plan - Study Plan - Direct Plan 0.57
ICICI Prudential Balanced Fund - Direct Plan 0.83
ICICI prudential balanced fund direct growth 0.91
CHART.3: Showing Analysis of Beta
Beta
0.83 0.91
1.00
0.72
0.80 0.60 0.57
0.60
0.40
0.20
0.00
Direct Plan
Beta
Interpretation: From the Beta calculation it is observed from the above chart that all of the 5 funds
have a positive beta, since beta shows how the fund return fluctuates or how much the fund is
volatile in relation to the overall market return.
Beta value of greater than one indicating that they are more risk category. The remaining 5 schemes
have registered Beta of less than one which indicates that they are of low risk category. Lowest risk is for

MUTUAL FUND
ICICI Prudential Child Care Plan - Study Plan which is 0.57 and highest risk is for ICICI
prudential balanced fund direct growth which is 0.91
4.9 ANALYSIS ACCORDING TO Sharpe– Ratio
TABLE.30: Analysis According Sharpe– Ratio
fund Sharpe– Ratio


ICICI Prudential Child Care Plan - Study Plan Direct Plan 7.75
CHART.4: Showing Analysis of Sharpe– Ratio
Sharpe– Ratio
14 12.5
12 10.9
8.74 9.64
10 7.75
8
6
4
2
0
ICICI Prudential ICICI Prudential ICICI Prudential ICICI Prudential CICI prudential
Direct Plan Direct Plan Study Plan Direct Plan direct growth
Direct Plan
Sharpe– Ratio
Interpretation: From the above chart we get to know that the Sharpe ratio. the highest value of
Sharpe Ratio is of ICICI Prudential Balanced Fund - Direct Plan which is 12.5% whereas the lowest value
is ICICI Prudential Child Care Plan - Study Plan Direct Plan which is 7.75% High value of Sharpe
indicates that the fund is performing well in respect to the risk associated with it. On the other hand the
lowest amount of Sharpe Ratio shows that the fund is not performing well in response to the risk
involved herein

MUTUAL FUND
4.10 ANALYSIS ACCORDING TO Jensen(Alpha)
TABLE.31: Analysis According Jenson
fund Jensen(Alpha)
ICICI Prudential FMCG Fund - Direct Plan 3%
ICICI Prudential Dynamic Bond - Direct Plan 12%
ICICI Prudential Child Care Plan - Study Plan - Direct Plan 8.1%
ICICI Prudential Balanced Fund - Direct Plan 13%
ICICI prudential balanced fund direct growth 9.5%
CHART.5: Showing Analysis of Jenson
Jensen's m
Jensen
13%
12%
9.50%
8.10%
3.00%
Direct Plan
INTERPRETATION: From the above chart we understand that all of the five funds have a
positive alpha Results of Jensen measure revealed that all the 5 schemes were showed positive alpha
which indicated superior performance of the schemes over their bench marks. The highest value of
Alpha is ICICI Prudential Balanced Fund - Direct Plan which is 13. On the other hand, the lowest value
of Alpha is ICICI Prudential FMCG Fund - Direct Plan which is 3%.It means that ICICI Prudential FMCG
Fund - Direct Plan has been outperforming.

MUTUAL FUND
4.11 ANALYSIS ACCORDING TO Treynor Ratio
TABLE.32: Analysis According Treynor Ratio
fund Treynor ratio

ICICI Prudential Child Care Plan - Study Plan - Direct Plan 0.23
CHART.6: Showing Analysis Of Treynor Ratio
Treynor ratio
0.3
0.25 0.24
0.25 0.2229
0.195
0.2
0.15 0.13
0.1
0.05
0
Direct Plan
Treynor ratio

MUTUAL FUND
INTERPRETATION:
From the above chart we get the highest value of Treynor is ICICI Prudential Dynamic Bond - Direct
Plan which is 0.25 whereas the lowest value is ICICI Prudential FMCG Fund - Direct Plan which is 0.13.
High value of Treynor indicates that the fund’s performance in accordance to systematic risk is high. On
the other hand the lowest values can be interpreted that the fund’s performance is low when calculated in
respect of systematic risk.

The Following Icici Mutual Fund All Selected For The Study

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The Following Icici Mutual Fund All Selected For The Study

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MUTUAL FUND

THE FOLLOWING ICICI MUTUAL FUND ALL SELECTED FOR THE

4.1 ICICI Prudential FMCG Fund - Direct Plan

REVA UNIVERSITY Page 45

Equity Sector Qty Value %

ITC Tobacco 4,532,004.00 120.12 34.49

Jubilant Food Miscellaneous 103,114.00 20.97 6.02

Britannia Food & Beverages 36,332.00 18.15 5.21

Bajaj Corp Consumer Non-durables 319,994.00 15.35 4.41

HUL Consumer Non-durables 110,867.00 14.61 4.19

Manpasand Bever Food & Beverages 362,790.00 13.78 3.96

Nestle Food & Beverages 17,704.00 13.74 3.95

Emami Consumer Non-durables 121,668.00 13.14 3.77

Trent Retail & Real Estate 404,663.00 12.79 3.67

P and G Consumer Non-durables 13,014.00 12.22 3.51

Bata India Consumer Non-durables 165,870.00 12.11 3.48

Dabur India Consumer Non-durables 334,749.00 10.88 3.12

Eveready Ind Consumer Non-durables 241,989.00 9.51 2.73

Relaxo Footwear Consumer Non-durables 146,320.00 8.93 2.56

Marico Consumer Non-durables 264,365.00 8.15 2.34

Godrej Consumer Consumer Non-durables 53,049.00 5.68 1.63

Page Industries Manufacturing 2,550.00 5.58 1.60

Aditya Birla F Retail & Real Estate 320,772.00 4.89 1.40

GlaxoSmith Con Food & Beverages 6,792.00 4.55 1.31

REVA UNIVERSITY Page 46

S H Kelkar Miscellaneous 158,528.00 4.51 1.30

Colgate Consumer Non-durables 41,946.00 4.37 1.25

Tobacco 120.12 34.49

Consumer Non-durables 114.95 32.99

Food & Beverages 50.22 14.43

Miscellaneous 25.48 7.32

Retail & Real Estate 17.68 5.07

Manufacturing 5.58 1.60

Cash / Call -- 4.09

Average 0.23849% 0.1406%

Standard Deviation 0.0204131 0.018749

Variance 0.0004167 0.000352

REVA UNIVERSITY Page 47

Jenson Measure = 0.23849 - (0.06 + 0.60403943 (0.1406 - 0.06)) = 0.1299

REVA UNIVERSITY Page 48

4.2 ICICI PRUDENTIAL CHILD CARE PLAN - STUDY PLAN - DIRECT

Fund Type Open Ended

Equity Sector Qty Value %

Motherson Sumi Automotive 90,471.00 2.99 2.31

HDFC Bank Banking & Financial Services 14,005.00 2.64 2.04

TVS Motor Automotive 23,500.00 1.60 1.24

KNR Construct Cement & Construction 50,000.00 1.54 1.19

Britannia Food & Beverages 3,000.00 1.50 1.16

REVA UNIVERSITY Page 49

Maruti Suzuki Automotive 1,562.00 1.38 1.07

HDFC Banking & Financial Services 7,400.00 1.34 1.04

Kotak Mahindra Banking & Financial Services 11,500.00 1.25 0.97

ICICI Bank Banking & Financial Services 39,949.00 1.25 0.97

Thomas Cook Miscellaneous 50,043.00 1.22 0.94

Greenply Ind Miscellaneous 30,400.00 1.04 0.81

PVR Media & Entertainment 7,800.00 1.03 0.80

SBI Banking & Financial Services 36,600.00 0.98 0.76

Blue Star Consumer Durables 10,000.00 0.74 0.58

Indian Hotels Services 47,980.00 0.66 0.51

Astral Poly Tec Manufacturing 6,481.00 0.59 0.46

Federal Bank Banking & Financial Services 59,963.00 0.57 0.44

Prism Cement Cement & Construction 44,000.00 0.56 0.43

Page Industries Manufacturing 256.00 0.56 0.43