FINANCIAL PERSPECTIVE

OF MUTUAL FUNDS

INC
GUNTUR
PUTTU GURU PRASAD
SAMPLE SIZE

 The sample consists of various mutual fund

schemes of four companies.
 These companies are
 ING Mutual funds
 Kotak Mahindra Mutual Funds
 Reliance Mutual Funds
 Standard chartered Mutual Funds
schemes are bifurcated
into four parts

 Balanced Fund Plan

 Income Fund Plan
 Liquid Fund Plan
 Equity Fund Plan
 Top Most NAV Funds
Data Source

 Data regarding NAV’s have been collected

through AMFI web site on monthly basis for
the last one year for the time period ranging
from JAN 2007 to DEC 2007.
 BALANCED FUNDS
JAN TO DEC 2007
STANDARD CHARTED
BANK BALANCED
ING BALANCED FUND KOTAK BALANCED RELIANCE BALANCED FUND NAV
MONTH NAV (Rs) FUND NAV (Rs) FUND NAV (Rs) (Rs)

JAN 18.59 24.08 38.73 11.38

FEB 17.82 22.74 35.48 11.44

MAR 18.05 22.83 35.87 11.51

APR 18.76 23.83 38.31 11.60

MAY 19.19 24.86 43.19 11.69

JUN 19.48 25.36 45.83 11.75

JUL 19.96 26.41 49.14 11.83

AUG 20.09 26.00 48.79 11.90

SEP 21.52 26.30 55.47 11.97

OCT 24.57 29.98 57.28 12.05

NOV 25.28 30.68 61.43 12.13

DEC 26.69 33.26 66.25 12.21

Simple return 13.00 19.63 45.58 2.14

 INCOME FUNDS
JAN TO DEC 2007

STANDARD CHARTERED
ING INCOME FUND KOTAK INCOME FUND RELIANCE INCOME INCOME FUND
Month NAV(Rs) NAV (Rs) FUND NAV (Rs) NAV(Rs)

JAN 13.13 13.16 23.22 14.67

FEB 13.18 12.96 23.12 14.65

MAR 13.27 12.98 23.16 14.83

APR 13.35 13.14 23.25 14.93

MAY 13.48 13.33 23.39 15.10

JUN 13.59 13.40 23.51 15.21

JUL 13.77 13.68 24.13 15.53

AUG 13.84 13.51 24.00 15.53

SEP 13.95 13.87 24.21 15.60

OCT 14.09 14.45 24.70 15.75

NOV 14.19 14.58 24.90 15.81

DEC 14.29 14.98 25.33 15.94

SIMPLE RETURN 4.41 4.40 16.69 6.35

 LIQUID FUNDS
JAN TO DEC 2007

ING LIQUID FUND NAV KOTAK LIQUID FUND RELIANCE LIQUID FUND STANDARD LIQUID
MONTH (Rs) NAV (Rs) NAV (Rs) FUND NAV (Rs)
JAN 11.62 14.85 18.01 10.64

FEB 11.69 14.93 18.11 10.69

MAR 11.78 15.03 18.23 10.77

APR 11.86 15.13 18.37 10.83

MAY 11.95 15.24 18.50 10.88

JUN 12.01 15.31 18.60 10.91

JUL 12.07 15.40 18.70 10.94

AUG 12.15 15.49 18.82 10.98

SEP 12.22 15.58 18.94 11.03

OCT 12.30 15.67 19.06 11.07

NOV 12.38 15.77 19.18 11.13

DEC 12.47 15.87 19.31 11.20

SIMPLE RETURN 2.45 6.43 10.38 1.11

 EQUITY FUNDS
JAN TO DEC 2007

STANDARD CHARTERD
ING EQUITY FUND NAV KOTAK EQUITY FUND RELEIANCE EQUITY EQUITY FUND NAV
MONTH (Rs) NAV (Rs) FUND NAV (Rs) (Rs)

JAN 32.69 26.03 11.77 12.21

FEB 30.52 23.98 10.94 11.47

MAR 30.67 24.13 11.04 11.40

APR 32.26 25.74 12.35 12.06

MAY 33.43 27.15 12.75 12.54

JUN 29.02 27.75 13.33 12.78

JUL 29.19 29.24 13.12 13.05

AUG 28.51 28.65 14.47 13.42

SEP 30.53 31.48 16.35 15.16

OCT 32.42 35.79 16.56 17.46

NOV 34.15 36.37 16.56 17.20

DEC 37.32 39.27 17.77 18.29

SIMLE RETURN 26.07 23.56 4.70 4.70

 TOP NAV FUNDS
JAN TO DEC 2007
Reliance Gold Exchange
ING Select Stocks Traded Fund-
Fund-Growth Dividend Payout Standard Chartered Liquidity
MONTH Option KOTAKOTAK GOLD ETF Option Manager Plus-A-Growth

JAN 27.91 NA NA 1060.08

FEB 25.82 NA NA 1066.62

MAR 25.61 NA NA 1074.36

APR 27.32 NA NA 1081.96

MAY 28.98 NA NA 1089.69

JUN 29.73 NA NA 1095.24

JUL 31.26 880.00 NA 1100.93

AUG 30.63 896.80 NA 1107.75

SEP 34.00 959.22 NA 1114.64

OCT 40.40 1005.79 1022.61 1121.56

NOV 40.95 1028.85 1022.61 1128.67

DEC 44.01 1074.31 1065.89 1136.34

SIMPLE RETURN 7.33 -0.16 0.11 1.18

Conclusion

 Among all the four BALANCE funds the

Reliance Fund is giving very good return on
the investment. The Standard Charted fund is
a loss making fund.
 Among all the INCOME funds the Reliance is
doing very good with returns, other funds are
not up to the mark. They are not satisfying
the minimum rate of return
Conclusion
 In case of liquid funds, all except Reliance fund,
having the negative Sharpe ratio which indicates
risk free return is greater than the return generated
by these funds like ING, KOTAK, and Stan Chart.
 Among all equity funds The ING Mutual fund is
doing very good with a return of 26%.Next is the
Kotak Fund with return of 23%, Where as all the
other funds are doing very low .
Conclusion
 The Top Most NAV funds are not doing well, their
performance is not up to the levels of investors. The
ING Select Stocks Fund-Growth Option is having a
return of 7.33%, it is very narrow return compare to
the risk free return available in India. KOTAK GOLD
ETF is under negative returns. Reliance Gold
Exchange Traded Fund-Dividend Payout Option is
also not giving good returns. Standard Chartered
Liquidity Manager Plus-A-Growth, it is also not
paying good dividend to the investors.