CALCULATION OF RISK AND RETURN FOR BAHARTI AXA FUND:

AMC:
Scheme :
Date

BHARTI AXA INVESTMENT MANAGERS PVT.LTD

BHARTI AXA EQUITY FUND-ECO-DIVIDEND
NAV (Rs.)

2/9/2011
5/9/2011
6/9/2011
7/9/2011
8/9/2011
9/9/2011
12/9/2011
13/09/2011
14/09/2011
15/09/2011
16/09/2011
19/09/2011
20/09/2011
21/09/2011
22/09/2011
23/09/2011
26/09/2011
27/09/2011
28/09/2011
29/09/2011
30/09/2011

11.36
11.32
11.4
11.49
11.55
11.37
11.13
11.1
11.24
11.37
11.4
11.28
11.51
11.51
11.06
10.93
10.83
11.11
11.07
11.2
11.07
AVG.RET

RETURN

-0.3521
0.7067
0.7895
0.5222
-1.5584
-2.1108
-0.2695
1.2613
1.1566
0.2639
-1.0526
2.0390
0.0000
-3.9096
-1.1754
-0.9149
2.5854
-0.3600
1.1743
-1.1607
-0.1183

AVG.RET

DIFF(DX)

-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112
-0.112

-0.240
0.819
0.901
0.634
-1.446
-1.999
-0.158
1.373
1.269
0.376
-0.941
2.151
0.112
-3.798
-1.063
-0.803
2.697
-0.248
1.286
-1.049
SUM

DIFF2

0.0577
0.6703
0.8127
0.4022
2.0922
3.9953
0.0248
1.8858
1.6093
0.1413
0.8848
4.6268
0.0125
14.4221
1.1308
0.6447
7.2760
0.0615
1.6547
1.0998
43.5053

55

RETURNS

AVG.RETURN

-0.97338
0.954863
0.820226
1.859888
0.512247
-2.53904
-2.17981
-0.94619
1.398906
1.055219
-0.2872
-0.68775
2.282326
0.826729
-2.46399
-0.45993
-0.42163
1.278076
-1.68401
1.768652
-1.4114
-0.06177
0.849098

-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618

DIFF(DY)
DIFF2
DX*DY
BANKEX
-0.91158 0.830984
1.016663 1.033603
-0.24411
0.882026 0.777969
0.722127
1.921688 3.692885
1.732351
0.574047
0.32953
0.364057
-2.47724 6.136741
3.58319
-2.11801 4.485952
4.233509
-0.88439 0.782153
0.139329
1.460706 2.133663
2.005931
1.117019 1.247732
1.417032
-0.2254 0.050804
-0.08472
-0.62595 0.391809
0.588785
2.344126 5.494924
5.042231
0.888529 0.789485
0.099515
-2.40219 5.770514
9.122659
-0.39813 0.158504
0.423369
-0.35983 0.129478
0.288912
1.339876 1.795267
3.614196
-1.62221 2.631566
0.402367
1.830452 3.350555
2.354593
-1.3496 1.821428
1.415348
SUM
43.83554
37.22067
1.474878

CALCULATION OF RISK AND RETURN OF HDFC FUND:

AMC :
Scheme :
Date
2/9/2011
5/9/2011
6/9/2011
7/9/2011
8/9/2011
9/9/2011
12/9/2011
13/09/2011
14/09/2011
15/09/2011
16/09/2011
19/09/2011
20/09/2011
21/09/2011
22/09/2011
23/09/2011
26/09/2011
27/09/2011
28/09/2011
29/09/2011
30/09/2011

NAV (Rs.)

HDFC ASSET MANAGEMENT CO.LTD

HDFC BALANCED FUND DIVIDEND
RETURNS
AVG.RETURN
DIFF(DX)

19.42
19.45
19.51
19.67
19.7
19.57
19.3
19.29
19.4
19.52
19.52
19.46
19.65
19.71
19.32
19.22
19.14
19.37
19.3
19.33
19.18
AVG.RETURN

0.1545
0.3085
0.8201
0.1525
-0.6599
-1.3797
-0.0518
0.5702
0.6186
0.0000
-0.3074
0.9764
0.3053
-1.9787
-0.5176
-0.4162
1.2017
-0.3614
0.1554
-0.7760
-0.0593

-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056
-0.056

0.210
0.364
0.876
0.209
-0.604
-1.324
0.004
0.626
0.675
0.056
-0.251
1.032
0.361
-1.923
-0.462
-0.360
1.258
-0.305
0.211
-0.720
SUM

56

DIFF2

0.0443
0.1328
0.7675
0.0435
0.3647
1.7521
0.0000
0.3922
0.4550
0.0031
0.0632
1.0658
0.1306
3.6967
0.2131
0.1298
1.5817
0.0933
0.0447
0.5184
11.4925

RETURNS

AVG.RETURN

-0.97338
0.954863
0.820226
1.859888
0.512247
-2.53904
-2.17981
-0.94619
1.398906
1.055219
-0.2872
-0.68775
2.282326
0.826729
-2.46399
-0.45993
-0.42163
1.278076
-1.68401
1.768652
-1.4114
-0.06177
0.448493

DIFF(DY)
DIFF2
DX*DY
BANKEX
-0.0618
-0.91158 0.830984
0.0000
-0.0618 1.016663 1.033603
0.2140
-0.0618 0.882026 0.777969
0.3215
-0.0618 1.921688 3.692885
1.6836
-0.0618 0.574047
0.32953
0.1197
-0.0618
-2.47724 6.136741
1.4960
-0.0618
-2.11801 4.485952
2.8035
-0.0618
-0.88439 0.782153
-0.0037
-0.0618 1.460706 2.133663
0.9148
-0.0618 1.117019 1.247732
0.7535
-0.0618
-0.2254 0.050804
-0.0126
-0.0618
-0.62595 0.391809
0.1573
-0.0618 2.344126 5.494924
2.4200
-0.0618 0.888529 0.789485
0.3211
-0.0618
-2.40219 5.770514
4.6187
-0.0618
-0.39813 0.158504
0.1838
-0.0618
-0.35983 0.129478
0.1296
-0.0618 1.339876 1.795267
1.6851
-0.0618
-1.62221 2.631566
0.4954
-0.0618 1.830452 3.350555
0.3870
-0.0618
-1.3496 1.821428
0.9717
SUM
43.83554 19.6599
0.758041

CALCULATION OF RISK AND RETURN OF L&T FUND:

AMC :
Scheme :
Date

L&T INVESTMENT MANAGEMENT LTD

L&T INFRASTRUCTURE FUND-DIVIDEND
NAV (Rs.)
RETURNS AVG.RETURN DIFF(DX) DIFF2

RETURNS

AVG.RETURN

2/9/2011
5/9/2011
6/9/2011
7/9/2011
8/9/2011
9/9/2011
12/9/2011
13/09/2011
14/09/2011
15/09/2011
16/09/2011
19/09/2011
20/09/2011
21/09/2011
22/09/2011
23/09/2011
26/09/2011
27/09/2011
28/09/2011
29/09/2011
30/09/2011

6.1
6.08
6.11
6.22
6.26
6.16
6.02
6.02
6.07
6.12
6.17
6.11
6.19
6.23
6.02
5.99
5.94
6.07
6
6.03
5.95
AVG.RETURN

-0.97338
0.954863
0.820226
1.859888
0.512247
-2.53904
-2.17981
-0.94619
1.398906
1.055219
-0.2872
-0.68775
2.282326
0.826729
-2.46399
-0.45993
-0.42163
1.278076
-1.68401
1.768652
-1.4114
-0.06177

-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618

-0.3279
0.4934
1.8003
0.6431
-1.5974
-2.2727
0.0000
0.8306
0.8237
0.8170
-0.9724
1.3093
0.6462
-3.3708
-0.4983
-0.8347
2.1886
-1.1532
0.5000
-1.3267
-0.1151

-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109
-0.109

-0.219
0.602
1.909
0.752
-1.488
-2.164
0.109
0.940
0.933
0.926
-0.863
1.418
0.755
-3.262
-0.389
-0.726
2.298
-1.044
0.609
-1.218
SUM

0.048
0.363
3.646
0.566
2.215
4.682
0.012
0.883
0.870
0.857
0.746
2.012
0.570
10.639
0.152
0.527
5.279
1.090
0.371
1.483
37.009
0.800885

57

DIFF(DY) DIFF2
DX*DY
BANKEX
-0.91158 0.830984
0
1.016663 1.033603 -0.22252
0.882026 0.777969 0.531351
1.921688 3.692885 3.669132
0.574047
0.32953 0.431733
-2.47724 6.136741
3.68724
-2.11801 4.485952 4.582788
-0.88439 0.782153
-0.0964
1.460706 2.133663 1.372428
1.117019 1.247732
1.04187
-0.2254 0.050804 -0.20872
-0.62595 0.391809 0.540472
2.344126 5.494924 3.324741
0.888529 0.789485 0.671021
-2.40219 5.770514 7.835429
-0.39813 0.158504 0.155006
-0.35983 0.129478 0.261138
1.339876 1.795267 3.078435
-1.62221 2.631566 1.693932
1.830452 3.350555 1.114745
-1.3496 1.821428 1.643411
SUM
43.83554 35.10724
1.360314

CALCULATION OF RISK AND RETURN OF RELIANE FUND:

AMC :
Scheme :

RELIANCE CAPITAL ASSET MANAGEMENT COMPANY

RELIANCE ARBITRAGE ADVANTAGE FUND

Date

NAV (Rs.)

2/9/2011
5/9/2011
6/9/2011
7/9/2011
8/9/2011
9/9/2011
12/9/2011
13/09/2011
14/09/2011
15/09/2011
16/09/2011
19/09/2011
20/09/2011
21/09/2011
22/09/2011
23/09/2011
26/09/2011
27/09/2011
28/09/2011
29/09/2011
30/09/2011

10.77
10.77
10.76
10.77
10.76
10.78
10.78
10.78
10.76
10.76
10.77
10.78
10.77
10.77
10.8
10.79
10.77
10.77
10.79
10.79
10.81
AVG.RETURNS

RETURNS

0
-0.09285
0.092937
-0.09285
0.185874
0
0
-0.18553
0
0.092937
0.092851
-0.09276
0
0.278552
-0.09259
-0.18536
0
0.185701
0
0.185357
0.018613

AVG.RETURN

0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177
0.0177

DIFF(DX)

DIFF2

-0.0177
-0.11055
0.075237
-0.11055
0.168174
-0.0177
-0.0177
-0.20323
-0.0177
0.075237
0.075151
-0.11046
-0.0177
0.260852
-0.11029
-0.20306
-0.0177
0.168001
-0.0177
0.167657
SUM

0.0003
0.0122
0.0057
0.0122
0.0283
0.0003
0.0003
0.0413
0.0003
0.0057
0.0056
0.0122
0.0003
0.0680
0.0122
0.0412
0.0003
0.0282
0.0003
0.0281
0.3032
-0.04831
58

RETURNS

AVG.RETURN

-0.97338
0.954863
0.820226
1.859888
0.512247
-2.53904
-2.17981
-0.94619
1.398906
1.055219
-0.2872
-0.68775
2.282326
0.826729
-2.46399
-0.45993
-0.42163
1.278076
-1.68401
1.768652
-1.4114

-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618
-0.0618

DIFF(DY)
DIFF2
DX*DY
BANKEX
-0.91158
0.830984
1.016663
1.033603
-0.01799
0.882026
0.777969
-0.09751
1.921688
3.692885
0.144582
0.574047
0.32953
-0.06346
-2.47724
6.136741
-0.41661
-2.11801
4.485952
0.037489
-0.88439
0.782153
0.015654
1.460706
2.133663
-0.29686
1.117019
1.247732
-0.01977
-0.2254
0.050804
-0.01696
-0.62595
0.391809
-0.04704
2.344126
5.494924
-0.25894
0.888529
0.789485
-0.01573
-2.40219
5.770514
-0.62661
-0.39813
0.158504
0.04391
-0.35983
0.129478
0.073066
1.339876
1.795267
-0.02372
-1.62221
2.631566
-0.27253
1.830452
3.350555
-0.0324
-1.3496
1.821428
-0.22627
SUM
43.83554
-2.1177
0.123119

CALCULATION OF RISK AND RETURN OF TATA FUND:

AMC :
Scheme :
Date
30/09/2011
29/09/2011
28/09/2011
27/09/2011
26/09/2011
23/09/2011
22/09/2011
21/09/2011
20/09/2011
19/09/2011
16/09/2011
15/09/2011
14/09/2011
13/09/2011
12/9/2011
9/9/2011
8/9/2011
7/9/2011
6/9/2011
5/9/2011
2/9/2011

NAV (Rs.)

TATA ASSET MANAGEMENT PRIVATE LTD.

TATA BALANCED FUND DIVIDEND
RETURNS
AVG.RETURN
DIFF(DX)

49.99
50.39
50.02
50.24
49.43
49.77
50.08
51.36
51.2
50.68
50.93
50.84
50.56
50.11
50.17
50.8
51.15
51
50.66
50.42
50.55
AVG.RETURNS

0.8002
-0.7343
0.4398
-1.6123
0.6878
0.6229
2.5559
-0.3115
-1.0156
0.4933
-0.1767
-0.5507
-0.8900
0.1197
1.2557
0.6890
-0.2933
-0.6667
-0.4737
0.2578
0.0599

0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057
0.057

0.743
-0.791
0.383
-1.669
0.631
0.566
2.499
-0.369
-1.073
0.436
-0.234
-0.608
-0.947
0.063
1.199
0.632
-0.350
-0.724
-0.531
0.201
SUM

DIFF2

0.5523
0.6261
0.1466
2.7864
0.3980
0.3202
6.2446
0.1358
1.1505
0.1904
0.0546
0.3694
0.8969
0.0039
1.4370
0.3994
0.1227
0.5237
0.2817
0.0403
16.6803
-0.23917
59

RETURNS

AVG.RETURN

-0.97338
0.954863
0.820226
1.859888
0.512247
-2.53904
-2.17981
-0.94619
1.398906
1.055219
-0.2872
-0.68775
2.282326
0.826729
-2.46399
-0.45993
-0.42163
1.278076
-1.68401
1.768652
-1.4114

DIFF(DY)
DIFF2
DX*DY
BANKEX
-0.0618
-0.91158
0.830984
0
-0.0618
1.016663
1.033603
0.7555
-0.0618
0.882026
0.777969
-0.6979
-0.0618
1.921688
3.692885
0.7357
-0.0618
0.574047
0.32953
-0.9582
-0.0618
-2.47724
6.136741
-1.5627
-0.0618
-2.11801
4.485952
-1.1985
-0.0618
-0.88439
0.782153
-2.2100
-0.0618
1.460706
2.133663
-0.5383
-0.0618
1.117019
1.247732
-1.1981
-0.0618
-0.2254
0.050804
-0.0983
-0.0618
-0.62595
0.391809
0.1463
-0.0618
2.344126
5.494924
-1.4246
-0.0618
0.888529
0.789485
-0.8415
-0.0618
-2.40219
5.770514
-0.1507
-0.0618
-0.39813
0.158504
-0.4772
-0.0618
-0.35983
0.129478
-0.2274
-0.0618
1.339876
1.795267
-0.4693
-0.0618
-1.62221
2.631566
1.1739
-0.0618
1.830452
3.350555
-0.9715
-0.0618
-1.3496
1.821428
-0.2710
SUM
43.83554 -10.4841
0.913245

60