CALCULATION OF RISK AND RETURN: kotak

NAV
Date
(Rs.)
3/1/2010
11.71
4/1/2010
11.71
5/1/2010
11.71
6/1/2010
11.71
7/1/2010
11.71
8/1/2010
11.71
11/1/2010
11.72
12/1/2010
11.72
13/01/2010
11.72
14/01/2010
11.72
15/01/2010
11.72
18/01/2010
11.72
19/01/2010
11.72
20/01/2010
11.72
21/01/2010
11.73
22/01/2010
11.73
25/01/2010
11.73
27/01/2010
11.73
28/01/2010
11.73
29/01/2010
11.73
avg

returns
0
0
0
0
0
0.085397
0
0
0
0
0
0
0
0.085324
0
0
0
0
0
0.170721

avg
returns
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707
0.1707

diff(dx)

dx^2

returns

-0.1707
-0.1707
-0.1707
-0.1707
-0.1707
-0.0853
-0.1707
-0.1707
-0.1707
-0.1707
-0.1707
-0.1707
-0.1707
-0.0853
-0.1707
-0.1707
-0.1707
-0.1707
-0.1707
Sum

0.02913849
0.02913849
0.02913849
0.02913849
0.02913849
0.007276585
0.02913849
0.02913849
0.02913849
0.02913849
0.02913849
0.02913849
0.02913849
0.007289022
0.02913849
0.02913849
0.02913849
0.02913849
0.02913849
0.509919937
0.163822744
-5.236E-06

0.890732
0.009792
-0.2261
-0.51189
-0.2651
-0.38657
-2.05748
0.151471
-0.46023
-0.56407
2.319079
0.109578
-0.56005
-1.91026
-1.34
-0.32322
-2.74152
0.325731
3.654204
-3.8859

51

avg
returns

diff(dy)
dy^2
dx*dy
bankex
-30885 30885.89
953938246
-5272.22
-30885 30885.01
953883830
-5272.07
-30885 30884.77
953869259
-5272.03
-30885 30884.49
953851606
-5271.98
-30885 30884.73
953866850
-5272.02
-30885 30884.61
953859347
-2634.55
-30885 30882.94
953756139
-5271.72
-30885 30885.15
953892581
-5272.1
-30885 30884.54
953854797
-5271.99
-30885 30884.44
953848383
-5271.97
-30885 30887.32
954026480
-5272.47
-30885 30885.11
953889994
-5272.09
-30885 30884.44
953848631
-5271.97
-30885 30883.09
953765232
-2636.67
-30885 30883.66
953800455
-5271.84
-30885 30884.68
953863260
-5272.01
-30885 30882.26
953713889
-5271.6
-30885 30885.33
953903346
-5272.13
-30885 30888.65
954108959
-5272.69
sum
18123541281
-94896.1

CALCULATION OF RISK AND RETURN:

NAV
Date
(Rs.)
3/1/2011
12.38
4/1/2011
12.38
5/1/2011
12.39
6/1/2011
12.39
7/1/2011
12.39
10/1/2011
12.4
11/1/2011
12.4
12/1/2011
12.4
13/01/2011
12.41
14/01/2011
12.41
17/01/2011
12.42
18/01/2011
12.42
19/01/2011
12.42
20/01/2011
12.43
21/01/2011
12.43
24/01/2011
12.44
25/01/2011
12.44
27/01/2011
12.44
28/01/2011
12.45
31/01/2011
12.46
avg

returns
0
0.080775
0
0
0.08071
0
0
0.080645
0
0.08058
0
0
0.080515
0
0.080451
0
0
0.080386
0.080321
0.033915

avgreturns diff(dx)
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339
0.0339

-0.0339
0.046875
-0.0339
-0.0339
0.04681
-0.0339
-0.0339
0.046745
-0.0339
0.04668
-0.0339
-0.0339
0.046615
-0.0339
0.046551
-0.0339
-0.0339
0.046486
0.046421
sum

dx^2

returns

0.00114921
0.00219731
0.00114921
0.00114921
0.0021912
0.00114921
0.00114921
0.00218511
0.00114921
0.00217904
0.00114921
0.00114921
0.00217299
0.00114921
0.00216695
0.00114921
0.00114921
0.00216093
0.00215494
0.03004977
0.03976892
4.2192E-05

-2.56437
-2.08129
-1.44396
-0.83524
-2.93755
0.925546
2.03321
-3.67879
-2.92087
0.109947
0.799294
-0.28978
2.071035
1.292975
2.081703
-2.77729
-2.46885
-1.04583
1.890975
-12.0609

52

avgreturns
bankex
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06
-12.06

diff(dy)

dy^2

dx*dy

9.495627
9.978715
10.61604
11.22476
9.122452
12.98555
14.09321
8.381213
9.139131
12.16995
12.85929
11.77022
14.13104
13.35298
14.1417
9.282707
9.591152
11.01417
13.95097
sum

90.16694
99.57475
112.7002
125.9952
83.21913
168.6244
198.6186
70.24473
83.52371
148.1076
165.3614
138.5381
199.6862
178.3019
199.9878
86.16864
91.99019
121.3119
194.6297
2696.895

-0.3219
0.467757
-0.35988
-0.38052
0.427024
-0.44021
-0.47776
0.391781
-0.30982
0.568095
-0.43593
-0.39901
0.658722
-0.45267
0.658304
-0.31468
-0.32514
0.512003
0.647622
0.113787

CALCULATION OF RISK AND RETURN: (RELIANCE)

NAV
Date
(Rs.)
3/1/2010
12.23
4/1/2010
12.24
5/1/2010
12.24
6/1/2010
12.24
7/1/2010
12.24
8/1/2010
12.24
11/1/2010
12.25
12/1/2010
12.25
13/01/2010
12.25
14/01/2010
12.25
15/01/2010
12.25
18/01/2010
12.26
19/01/2010
12.26
20/01/2010
12.26
21/01/2010
12.26
22/01/2010
12.26
25/01/2010
12.26
27/01/2010
12.27
28/01/2010
12.27
29/01/2010
12.27
avg

returns
0.081766
0
0
0
0
0.081699
0
0
0
0
0.081633
0
0
0
0
0
0.081566
0
0
0.017193

avgreturns diff(dx)
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171
0.0171

0.064666
-0.0171
-0.0171
-0.0171
-0.0171
0.064599
-0.0171
-0.0171
-0.0171
-0.0171
0.064533
-0.0171
-0.0171
-0.0171
-0.0171
-0.0171
0.064466
-0.0171
-0.0171
sum

dx^2

returns

0.004182
0.000292
0.000292
0.000292
0.000292
0.004173
0.000292
0.000292
0.000292
0.000292
0.004164
0.000292
0.000292
0.000292
0.000292
0.000292
0.004156
0.000292
0.000292
0.021061
0.033294
0.001964

0.890732
0.009792
-0.2261
-0.51189
-0.2651
-0.38657
-2.05748
0.151471
-0.46023
-0.56407
2.319079
0.109578
-0.56005
-1.91026
-1.34
-0.32322
-2.74152
0.325731
3.654204
-0.20452

54

avgreturns
bankex
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204
-0.204

diff(dy)

dy^2

dx*dy

1.094732
0.213792
-0.0221
-0.30789
-0.0611
-0.18257
-1.85348
0.355471
-0.25623
-0.36007
2.523079
0.313578
-0.35605
-1.70626
-1.136
-0.11922
-2.53752
0.529731
3.858204
sum

1.198438
0.045707
0.000488
0.094797
0.003734
0.033333
3.435383
0.12636
0.065655
0.129651
6.365926
0.098331
0.126772
2.911325
1.290493
0.014213
6.438995
0.280615
14.88574
37.54595

0.070792
-0.00366
0.000378
0.005265
0.001045
-0.01179
0.031694
-0.00608
0.004382
0.006157
0.162821
-0.00536
0.006088
0.029177
0.019426
0.002039
-0.16358
-0.00906
-0.06598
0.073756

CALCULATION OF RISK AND RETURN:

NAV
Date
(Rs.)
returns
avgreturns diff(dx)
dx^2
returns
avgreturns diff(dy)
dy^2
dx*dy
3/1/2011
12.96
bankex
4/1/2011
12.96
0
0.028
-0.028 0.000784 -2.56437
-0.603 -1.96137 3.846983 0.054918
5/1/2011
12.96
0
0.028
-0.028 0.000784 -2.08129
-0.603 -1.47829 2.185327 0.041392
6/1/2011
12.97 0.07716
0.028 0.04916 0.002417 -1.44396
-0.603 -0.84096 0.70722 -0.04134
7/1/2011
12.97
0
0.028
-0.028 0.000784 -0.83524
-0.603 -0.23224 0.053937 0.006503
10/1/2011
12.97
0
0.028
-0.028 0.000784 -2.93755
-0.603 -2.33455 5.450115 0.065367
11/1/2011
12.97
0
0.028
-0.028 0.000784 0.925546
-0.603 1.528546 2.336454
-0.0428
12/1/2011
12.97
0
0.028
-0.028 0.000784 2.03321
-0.603 2.63621 6.949602 -0.07381
13/01/2011
12.97
0
0.028
-0.028 0.000784 -3.67879
-0.603 -3.07579 9.460466 0.086122
14/01/2011
12.98 0.077101
0.028 0.049101 0.002411 -2.92087
-0.603 -2.31787 5.372519 -0.11381
17/01/2011
12.99 0.077042
0.028 0.049042 0.002405 0.109947
-0.603 0.712947 0.508293 0.034964
18/01/2011
12.99
0
0.028
-0.028 0.000784 0.799294
-0.603 1.402294 1.966428 -0.03926
19/01/2011
12.99
0
0.028
-0.028 0.000784 -0.28978
-0.603 0.31322 0.098107 -0.00877
20/01/2011
13 0.076982
0.028 0.048982 0.002399 2.071035
-0.603 2.674035 7.150465 0.13098
21/01/2011
13
0
0.028
-0.028 0.000784 1.292975
-0.603 1.895975 3.594722 -0.05309
24/01/2011
13.01 0.076923
0.028 0.048923 0.002393 2.081703
-0.603 2.684703 7.207629 0.131344
25/01/2011
13.01
0
0.028
-0.028 0.000784 -2.77729
-0.603 -2.17429 4.727552 0.06088
27/01/2011
13.02 0.076864
0.028 0.048864 0.002388 -2.46885
-0.603 -1.86585 3.48139 -0.09117
28/01/2011
13.02
0
0.028
-0.028 0.000784 -1.04583
-0.603 -0.44283
0.1961 0.012399
31/01/2011
13.03 0.076805
0.028 0.048805 0.002382 1.890975
-0.603 2.493975 6.219909 0.121718
avg
0.028362
sum
0.026203 -0.60305
sum
71.65856 0.282529

0.001379

0.003943

55

CALCULATION OF RISK AND RETURN: (HDFC)

NAV
Date
(Rs.)
4/1/2010
93.15
5/1/2010
93.79
6/1/2010
94.22
7/1/2010
93.38
8/1/2010
93.29
11/1/2010
94.08
12/1/2010
93.93
13/01/2010
94.96
14/01/2010
95.23
15/01/2010
95.18
18/01/2010
95.56
19/01/2010
94.71
20/01/2010
94.62
21/01/2010
92.85
22/01/2010
92.32
25/01/2010
91.55
27/01/2010
89.11
28/01/2010
89.68
29/01/2010
90.21
avg

returns
0.687064
0.458471
-0.89153
-0.09638
0.846822
-0.15944
1.096561
0.28433
-0.0525
0.399244
-0.88949
-0.09503
-1.87064
-0.57081
-0.83406
-2.66521
0.639659
0.59099
-0.17344

avgreturns diff(dx)
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734
-0.1734

0.860464
0.631871
-0.71813
0.07702
1.020222
0.013961
1.269961
0.45773
0.120896
0.572644
-0.71609
0.078373
-1.69724
-0.39741
-0.66066
-2.49181
0.813059
0.76439
sum

dX^2

returns

0.740398
0.399261
0.515711
0.005932
1.040852
0.000195
1.612802
0.209517
0.014616
0.327921
0.51279
0.006142
2.880625
0.157937
0.436466
6.209118
0.661065
0.584292
16.31564
0.952063
0.393818

0.009792
-0.2261
-0.51189
-0.2651
-0.38657
-2.05748
0.151471
-0.46023
-0.56407
2.319079
0.109578
-0.56005
-1.91026
-1.34
-0.32322
-2.74152
0.325731
3.654204
-0.20452

57

avgreturns
bankex
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045
-0.2045

diff(dy)

dy^2

dx*dy

0.214292
-0.0216
-0.30739
-0.0606
-0.18207
-1.85298
0.355971
-0.25573
-0.35957
2.523579
0.314078
-0.35555
-1.70576
-1.1355
-0.11872
-2.53702
0.530231
3.858704
sum

0.045921
0.000466
0.094489
0.003673
0.03315
3.43353
0.126715
0.065399
0.129291
6.368449
0.098645
0.126416
2.909619
1.289357
0.014094
6.436457
0.281145
14.8896
37.54595

0.18439
-0.01365
0.220747
-0.00467
-0.18575
-0.02587
0.452069
-0.11706
-0.04347
1.445111
-0.22491
-0.02787
2.895086
0.451262
0.078431
6.321766
0.431109
2.949556
14.78629

CALCULATION OF RISK AND RETURN:

NAV
Date
(Rs.)
3/1/2011
119.29
4/1/2011
118.9
5/1/2011
117.64
6/1/2011
116.64
7/1/2011
114.5
10/1/2011
112.51
11/1/2011
112.46
12/1/2011
114.03
13/01/2011
112.42
14/01/2011
111.3
17/01/2011
110.95
18/01/2011
111.42
19/01/2011
110.98
20/01/2011
110.98
21/01/2011
111.16
24/01/2011
111.76
25/01/2011
111.42
27/01/2011
109.52
28/01/2011
107.01
31/01/2011
107.22
avg

returns
-0.32693
-1.05971
-0.85005
-1.83471
-1.73799
-0.04444
1.396052
-1.41191
-0.99626
-0.31447
0.423614
-0.3949
0
0.162191
0.539763
-0.30422
-1.70526
-2.29182
0.196243
-0.55552

avgreturns diff(dx)
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555
-0.555

0.228066
-0.50471
-0.29505
-1.27971
-1.18299
0.51056
1.951052
-0.85691
-0.44126
0.240535
0.978614
0.160098
0.555
0.717191
1.094763
0.250777
-1.15026
-1.73682
0.751243
sum

dx^2

returns

0.052014
0.254736
0.087055
1.637645
1.399468
0.260671
3.806604
0.734293
0.194714
0.057857
0.957686
0.025631
0.308025
0.514363
1.198505
0.062889
1.323097
3.01654
0.564367
16.45616
0.930652
0.346207

-2.56437
-2.08129
-1.44396
-0.83524
-2.93755
0.925546
2.03321
-3.67879
-2.92087
0.109947
0.799294
-0.28978
2.071035
1.292975
2.081703
-2.77729
-2.46885
-1.04583
1.890975
-0.60305

58

avgreturns diff(dy)
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603
-0.603

-1.96137
-1.47829
-0.84096
-0.23224
-2.33455
1.528546
2.63621
-3.07579
-2.31787
0.712947
1.402294
0.31322
2.674035
1.895975
2.684703
-2.17429
-1.86585
-0.44283
2.493975
sum

dy^2

dx*dy

3.846983
2.185327
0.70722
0.053937
5.450115
2.336454
6.949602
9.460466
5.372519
0.508293
1.966428
0.098107
7.150465
3.594722
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