PROJECT REPORT

On

A STUDY ON PORTFOLIO MANAGEMENT

BY

MANOHAR M

1NZ18MBA48

Submitted to

DEPARTMENT OF MANAGEMENT STUDIES

NEW HORIZON COLLEGE OF ENGINEERING,

OUTER RING ROAD, MARATHALLI,

BENGALURU

In partial fulfilment of the requirements for the award of the degree of

MASTER OF BUSINESS ADMINISTRATION

Under the guidance of

Mr. Santosh Kumar. S

Assistant Professor

2018 - 2020

1
 CERTIFICATE

This is to certify that MANOHAR M bearing USN 1NZ18MBA48, is a

bonafide student of Master of Business Administration course of the
Institute 2018-20, autonomous program, affiliated to Visvesvaraya
Technological University, Belgaum. Project report on A STUDY ON
PORTFOLIO MANAGEMENT is prepared by him/her under the
guidance of Mr. Santosh Kumar. S, in partial fulfilment of
requirements for the award of the degree of Master of Business
Administration of Visvesvaraya Technological University, Belgaum
Karnataka.

Signature of Internal Guide Signature of HOD Principal

Name of the Examiners with affiliation Signature with date

1. External Examiner

2. Internal Examiner

2
3
 DECLARATION

I, MANOHAR M, hereby declare that the project report on “A STUDY ON PORTFOLIO

MANAGEMENT” with reference to “CHOICE EQUITY BROKING PVT LTD” prepared
by me under the guidance of Mr. Santosh Kumar. S, faculty of M.B.A Department, New
Horizon College of Engineering.

I also declare that this project report is towards the partial fulfilment of the university
regulations for the award of the degree of Master of Business Administration by
Visvesvaraya Technological University, Belgaum.

I have undergone an industry project for a period of Twelve weeks. I further declare that this
report is based on the original study undertaken by me and has not been submitted for the
award of a degree/diploma from any other University / Institution.

Signature of Student

Place:

Date:

4
 ACKNOWLEDGEMENT

The successful completion of the project would not have been possible without
the guidance and support of many people. I express my sincere gratitude to
MANOJ, H R, CHOICE EQUITY BROKING PVT LTD, Bengaluru, for
allowing to do my project at Choice Equity Broking Pvt Ltd.

I thank the staff of CHOICE EQUITY BROKING PVT LTD, Bengaluru for
their support and guidance and helping me in completion of the report.

I am thankful to my internal guide Mr. Santosh Kumar. S, for his constant

support and inspiration throughout the project and invaluable suggestions,
guidance and also for providing valuable information.

Finally, I express my gratitude towards my parents and family for their

continuous support during the study.

MANOHAR M

1NZ18MBA48

5
 TABLE OF CONTENTS

SL. NUMBER CONTENTS PAGE NUMBERS

1 Executive Summary 07

2 Theoretical Background Of The Study 08-12

3 Industry Profile &Company Profile 13-18

4 Application Of Theoretical Framework 19-22

Analysis And Interpretation Of Financial

5 23-60
Statements And Reports
Learning Experience- Findings,
6 61-62
Suggestions And Conclusion

7 Bibliography 63

6
 EXECUTIVE SUMMARY

This internship was done at Choice Equity Broking Pvt Ltd,

Bangalore for the purpose of A study on Portfolio Management. The
study was undertaken for a period of 8 weeks from December 16,
2019 to February 08, 2020.

The study comprises of analyzing the Portfolio Management,

followed by a brief analysis of the organization. This is followed by
an in depth understanding of the departments and the analysis of the
organization in view of their market presence. The study ends with
analyzing the understanding of the student during this period.

The primary objective of the study was concentrated towards

strengthening of basic theoretical knowledge gained, along with
which there was a better understanding of the importance of various
soft skills for a future executive.

Portfolio Management is characterized as the workmanship and study

of settling on choices about the venture blend and strategy,
coordinating speculations to targets, resource allotment for people and
establishments, and adjusting hazard against execution.

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 CHAPTER 1

THEORETICAL BACKGROUND OF THE STUDY

1.1. Theoretical Background of the Study

Banks assume a huge job in helping monetary development and have end up being more
unstable than the common different value funds, which make them a high hazard suggestion.
Value speculation remembers high hazard for the indistinguishable time it procures better
yield, bizarrely exceptional yields won't be feasible. Along these lines, there is a high
insecurity in the offer value that decreases the genuine speculator's diversion. This watch is
based to look at the general execution of the chose stocks inside the bank clever to uncover
the hazard and return in a chose timeframe and the financial specialist's faith toward the
Banking business.

Bank Nifty is exchanged on National Stock Exchange (NSE) which speaks to 12 huge and
fluid stocks from banking area. The benchmark of the stocks tells about the market execution
of banking part.

The 12 banks which are considered for this investigation are:-

 Yes Bank
 Axis Bank
 Bank of Baroda
 HDFC Bank
 ICICI Bank
 IDFC bank
 Kotak Mahindra Bank
 RBL Bank
 INDUSIND Bank
 Federal Bank
 Punjab National Bank
 State Bank of India.

Hazard and return assume a significant job during the time spent choice of the speculator.
The speculator needs most extreme come back with generally safe, as return and hazard go
connected at the hip if financial specialist needs more return should bear more hazard. On the
off chance that arrival expands the hazard likewise increments. The hazard and return is
exceptionally basic for the venture dynamic.

8
1.2. MEANING OF PORTFOLIO MANAGEMENT

Portfolio Management is characterized as the workmanship and study of settling on choices

about the venture blend and strategy, coordinating speculations to targets, resource allotment
for people and establishments, and adjusting hazard against execution.

Essentially put it, somebody has given you their well-deserved cash and you have to assist
them with expanding the capital in the best of differentiated ways. This ought to be in a
manner by which the hazard return proportion is suitably kept up thinking about the benefits
as a primary concern and the holding time of speculations.

Portfolio the executives alludes to dealing with a person's interests as securities, shares,
money, common assets and so forth so he wins the most extreme benefits inside the specified
time period. It is the specialty of dealing with the cash of a person under the master direction
of portfolio supervisors.

It is the point by point SWOT examination (qualities, shortcomings, openings, and dangers)
of a speculation road, which could be as obligation/value, local/worldwide, with the objective
of amplifying return at a given craving for hazard.

1.3. TYPES OF PORTFOLIO MANAGEMENT

There are significantly four kinds of portfolio the board strategies:

1. Discretionary portfolio management: In this structure, the individual approves the

portfolio director to deal with his budgetary needs for his benefit. In Discretionary
portfolio the executive’s benefits, an individual approves a portfolio administrator to
deal with his money related needs for his sake. The individual issues cash to the
portfolio director who thusly deals with all his speculation needs, paper work,
documentation, recording, etc. In optional portfolio the executives, the portfolio
supervisor has full rights to take choices for his customer's sake.

2. Non-discretionary portfolio management: Here the portfolio chief can just prompt
the customer what is fortunate or unfortunate, right/erroneous for him, however the
customer maintains the full authority to take his own choices. In non-optional
portfolio the executives benefits, the portfolio administrator can only prompt the
customer what is acceptable and terrible for him however the customer maintains full
authority to take his own choices.

3. Passive portfolio management: It is the structure which includes just following the
record. In a latent portfolio the board, the portfolio supervisor manages a fixed
portfolio intended to coordinate the present market situation.

9
 4. Active portfolio management: This incorporates a group of individuals who take
dynamic choices dependent on in-your-face explore before putting the corpus into any
speculation road. As the name proposes, in a functioning portfolio the board
administration, the portfolio chiefs are effectively engaged with purchasing and
selling of protections to guarantee most extreme benefits to people.

1.4. OBJECTIVES OF PORTFOLIO MANAGEMENT

 It is relevantly put as the customization of the speculation needs provided food by the
portfolio administrators according to the characterized necessities.

 Portfolio the board helps in giving the best choices to speculations to people
according to the characterized standards of their salary, spending plan, age, holding
period and hazard taking limit.

 This is chiefly done by the Portfolio directors who comprehend the speculators'
money related necessities and in like manner recommend the venture arrangement
that would have most extreme comes back with least dangers included. Appropriately
put, it is chance decrease through enhancement.

 This is the strategy favoured by the individuals who trust in having liquidity in
speculations so one can recover the cash when required.

 A portion of the portfolio the executives plans are likewise accomplished for charge
sparing purposes.

 It enables the financial specialists to keep up the buying power.

1.5. NEED FOR PORTFOLIO MANAGEMENT

 Portfolio the board presents the best speculation plan to the people according to their
pay, spending plan, age and capacity to embrace dangers.

 Portfolio the board limits the dangers associated with contributing and furthermore
expands the opportunity of making benefits.

 Portfolio directors comprehend the customer's money related needs and propose the
best and novel speculation arrangement for them with least dangers included.

 Portfolio the board empowers the portfolio directors to give altered venture answers
for customers according to their necessities and prerequisites.

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1.6. ADVANTAGES OF PORTFOLIO MANAGEMENT

 RISK MANAGEMENT: Nobody likes to hear the word risk in any case; it is
intrinsic in all business choices. With the correct venture portfolio the board
instruments and approach, the dread that accompanies hazard is deleted. Envision log
jams, interferences, and cost over-runs before they become an issue.

 SMART DECISION: You realize that the frenzy way to deal with dynamic or
consistent flip-slumping with group centre is a catastrophe waiting to happen. Utilize
the unmistakable and intangibles of undertaking portfolio the executives to permit you
to settle on keen choices. With the correct information, you can all the more likely
oversee individuals, needs, assets, and spending plan.

 BETTER PRODUCTIVITY: Each group and colleague needs to be gainful.

Venture portfolio the board lets you have profound knowledge into how the activities
in your portfolio are working. You can move individuals around, modify venture
needs, and take care of issues before they become blockers. By taking out
obstructions to progress, everybody turns out to be more put resources into the tasks
and the ultimate objectives of the association.

 PROJECT SUCCESS: Especially in case you're utilizing a lithe way to deal with
venture portfolio the board, it's simpler to acknowledge consistent task achievement.
The correct apparatuses, programming, preparing, and administration all add to giving
your light-footed groups the direction they should be fruitful. Make sure to pick a
venture portfolio the board instrument that gives you visual understanding into
triumphs, stoppages, spending plans, and asset conveyance.

1.7. DISADVANTAGE OF PORTFOLIO MANAGEMENT

 FINDING THE RIGHT PEOPLE: The accomplishment of your activities lays on

the shoulders of your kin. On the off chance that you don't have the opportune
individuals working for you on the correct groups in the correct jobs, your ventures
are set-up for disappointment. An effective venture portfolio director must know her
kin and be prepared to settle on hard choices.

 SETTING PRIORITIES: Undertaking portfolio the executives depends on having

obligation regarding different activities. Be that as it may, there is little direction in
this administration framework on the most proficient method to set your undertaking
needs. You realize that this methodology is intended to assist you with adjusting
venture needs with association needs – however imagine a scenario where your
association's needs are continually moving or more awful yet – not characterized. This
sets you up for disappointment. Know the needs and afterward you can make the
correct undertaking groups with the right needs.

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 ORGANISATION SIZE: A few associations are basically too little to even think
about thriving under the undertaking portfolio the board framework. Investigate your
organization size and the assets you have accessible – whiteboard how you would
make groups and adjust venture needs. On the off chance that you can't do this, odds
are high that this administration approach isn't the correct fit. Try not to compel
venture portfolio the executives on your association – there are genuine occasions
when it just doesn't work.

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 CHAPTER 2

INDUSTRY PROFILE & COMPANY PROFILE

INTRODUCTION

Finance is a management of money and includes activities such as

investing, borrowing, lending, budgeting, saving and forecasting. Finance is the process of
acquiring needed funds. Finance also includes the omission, creation, and study on money,
banking, credit, investments, assets, and liabilities that make up financial systems.

There are three main types of finance

(1) Personal

(2) Corporate

(3) Public/Government

INDUSTRY PROFILE

Choice Group is an End-To-End financial services corporation,

summarizing the entire range; we have come a long way. Each passing year we keep
spreading our service portfolio to keep with technological progress.

Lateral expansion followed out of a desire to put Financial Freedom within arm’s reach of
everyone anywhere. To this end we have offices across India, presence in every major
economic Centre, with business partners spread globally and an industrious team of
professionals. We have expedited every compound transactions or any financial assistance
that the clients have entrusted us with.

While they have a duty to our stakeholders, Choice equity broking is not just about business;
instead they have a social responsible corporate which regularly gives back to society.

Indian financial undertaking, the foundation of the budgetary framework, has continually
played a positive key situation in avoidance the monetary cataclysm from achieving
horrendous degree inside the nation. Hazard is an idea that signifies a negative effect on an
advantage or a couple of elements of significant worth which can emerge from some current
procedure or future occasion. It has performed significant thankfulness for its quality,
specifically inside the wake of the front line overall financial calamities, which squeezed its
worldwide inverse numbers to the edge of tumble down. The financial exchange is place
where speculator purchase and sell share. The value commercial center in India is amazingly
unpredictable. Value Markets universally are unstable however India has a superior degree of
unpredictability. Stock market danger is the propensity of stock charges to diminish in view
of the other in cost of the market chance variables. Estimation of stocks is straightforwardly
identified with the commercial center charge of these speculations held by the financial

13
exchange. In spite of the fact that banking and monetary administrations part value run have
reached out on creating propelled danger balanced returns till now, they experience the ill
effects of the risk of portfolio consideration as a solitary stock cash represent value portfolio
in certain instruments. The market estimation of those speculations will go all over on the
money related at the monetary exhibition of the backers and favored budgetary, political,
expense and market circumstances. Standard market hazard factors are stock value, loan
costs, trade rates, and ware charges.

LIST OF INDIAN STOCK EXCHANGE

 Bombay stock exchange: The Bombay Stock Exchange is the most established stock
trade in Asia. Its history goes back to 1855, when 23 stockbrokers would assemble
under banyan trees before Mumbai's Town Hall. The area of these meetings changed
ordinarily to quarter an expanding number of intermediaries. The gathering in the end
moved to Dalal Street in 1874 and turned into an official association known as "The
Native Share and Stock Brokers Association" in 1875.
 National stock exchange: The National Stock Exchange of India Limited (NSE) is
the principle stock exchange of India, arranged in Mumbai. The NSE was developed
in 1992 as the essential dematerialized electronic exchange the country. NSE was the
primary exchange the country to give a bleeding edge, totally programmed screen-
based electronic supplanting structure which offered basic trading office to the
budgetary specialists spread over the range and extensiveness of the country. Vikram
Limaye is Managing Director and Chief Executive Officer of NSE.

National Stock Exchange has a hard and fast market capitalization of more than
US$2.27 trillion, making it the world's eleventh greatest stock exchange as of April
2018. NSE's pioneer record, the NIFTY 50, the 50 stock rundown is used extensively
by financial specialists in India and around the world as a check of the Indian capital
markets. Cunning 50 records were pushed in 1996 by the NSE. In any case,
Vaidyanathan (2016) checks that pretty much 4% of the Indian economy/GDP are
truly gotten from the stock exchanges India.

Not at all like countries like the United States where about 70% of the GDP is gotten
from greater associations and the corporate part, the corporate portion in India speaks
to only 12-14% of the national GDP (as of October 2016). Of these private 7,800
associations are recorded of which only 4000 trade on the stock exchanges at BSE and
NSE. Consequently the stocks trading at the BSE and NSE speak to simply around
4% of the Indian economy, which controls an enormous portion of its compensation
related activity from the indicated messy zone and families. Money related Times
assessed that as of April 2018, 60 million (6 crore) retail theorists had put their save
assets in stocks in India, either through direct picking up of qualities or through
normal funds. Earlier, the Bimal Jalan Committee report estimated that barely 1.3% of
India's people put assets into the protections trade, when diverged from 27% in USA
and 10% in China.

14
COMPANY PROFILE
Choice Equity Broking Private Limited is a Private joined on 09
January 2010. It is named Non-government Company and is enrolled at Registrar of
Companies, Mumbai. Its approved offer capital is Rs. 95,000,000 and it's settled up capital is
Rs. 80,178,000. It is engaged with other money related intermediation. [This bunch
incorporates money related intermediation other than that led by financial institutions.]

Choice Equity Broking Private Limited's Annual General Meeting (AGM) was keep going
hung on 27 August 2018 and according to records from Ministry of Corporate Affairs
(MCA), its accounting report was keep going documented on 31 March 2018.

Choice Equity Broking Private Limited's Corporate Identification Number is (CIN)

U65999MH2010PTC198714 and its enlistment number is 198714.

Choice Equity Broking Pvt. Ltd. As:-

 26 years of experience

 29 offices

 351 + Business Partners

 20050 + employee strength

Table No 1.1 showing about the company

Company Name Choice equity broking Pvt. Ltd

Company address 671, 12th main road, 4th block

Jayanagar, Bangalore, Karnataka-41
Website Info@choiceindia.com

Incorporation 2010

Class of company Private

Company status Active

Activity Financial intermediation

15
 Table No. 1.2 showing the promoters of the company

CA AJAY KEJRIWAL PRESIDENT

MR. SUNIL BAGARAI DIRECTOR

CA RAMRATAN CHIRANIA DIRECTOR

SUMEET BAGADIA HEAD OF TECHNICAL RESEARCH

SUNDAR SANMUKHANI HEAD OF FUNDAMENTAL RESEARCH

2.1. VISION, MISSION AND QUALITY POLICY

VISION
“To be the most preferred financial institution, providing premium financial
service worldwide and consistently delivering quality product and services to our
client, business partners and society”.

MISSION
“We are not just service providers for our customers, we are the partners of
their growth story”

QUALITY POLICY
All times have a full-fledged group of professionals and assist
personnel, devoted to assembly consumer’s goals and to be had 24*7 for advice and
direction.

2.2. PRODUCT AND SERVICES PROFILE

PRODUCTS PROFILE
 Public offer
 Equity trading
 Financial planning
 Bonds and debentures
 Currency derivative trading
 Portfolio management service
 Offer for service
 Commodity derivative trading

16
 SERVICES PROFILE
 Group services
 Institutional services
 Investment banking
 Infrastructure consulting
 Management consulting
 It solutions
 Risk management
 Treasury management
 Retail services
 Mutual funds distribution
 Retail loans
 Equity and commodity broking
 Retail loans

2.3. AREAS OF OPERATION

Choice equity broking Pvt. Ltd. is one of the well
customized broking houses it involves into the activities of providing the financial
services. It has its presence in Bangalore , Mumbai, Delhi , Kolkata , Jaipur ,
Hyderabad , Karur , Ahmedabad , Baroda , Surratt , Indore , Bhopal , Patna , Ranchi ,
Nagpur , Guwahati , Raipur , Sikar , Cochin , Daman.

2.4. INFRASTRUCTURE FACILITIES

The teams of professional consist of 2000+
Experienced, smart dynamic employees who put their heart and soul in our business.

Their human capitals are entrepreneurs by attitude. Works is other than just doing our
job and going home. A day at office is nothing but less the planned action, fun,
meaningful actions, insightful discussions, and most importantly actions and adding
great value for our clients.

2.5. COMPETITOR’S INFORMATION

 SHARE KHAN LTD
 ICICI SECURITIES LTD
 KOTAK SECURITIES LTD
 INDIA INFOLINE

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2.6. SWOT ANALYSIS

Strengths:
• Wide range of financial products
• Least brokerage.
• Online portal and successful branding.
• Strong research team.
• Technical analysis training provided to clients.
• Team work.

Weakness:
• High exposure so more risk has to bear by company.
• Less advertisement so brand visibility is less.

Opportunity:
• Online marketing is a new source of income.
• More penetration into growing cities.
• Digitalization helps in online trading.
Threats:
• Large competitors with different and attractive plans.
• Similar offers provided by few stock broking companies.
• Market dependence.
• Alterations in taste of customers.
• Economic slowdown.
• Future tax rules can affect investor’s investment decisions.
2.7. FUTURE GROWTH AND PROSPECTS
To be the top one stock broking company
in India. It is a long-term plan of an organization designed to achieve future growth
envisaged as per Management directive.

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 CHAPTER-3

RESEARCH METHODOLOGY

LITERATURE REVIEW WITH RESEARCH GAP

1. RAJAN SRUTHI (2015):- This paper investigates the connection between

remote financial specialists causing a pain in other offer markets to recuperate
from misfortunes they face in any offer market. Here murphy-tope instrument is
utilized to clarify how reachability influences worldwide economies giving
financial misery around world.

2. WILLIAM (2015):- He has examined about the unpredictability which occurred

in the value cost of the banks recorded in the NSE. Since the bank has crucial
impact in the economy the examination was made available changes of the banks.
The measurable utilized for figuring the instability of bank stocks are SD, mean.
The chose banks had the indistinguishable changes in the end cost of the stocks.

3. Ansan (2014):- Examined an investigation by utilizing Hooked up to discover the

presentation through that the arrival and danger of the portfolio and at a similar
point investigates bullish and bearish market. The outcome shows that the
rendition assigns that there might be no dependable by and large execution exist
between the portfolios foresee return and board hazard.

4. Emre Ozsoz (2014):- Here the creator chats on assessing determinants of market
dangers of banks. The significant rules is developing economy of a nation. The
examination uncovers that development structure of banks credits, salary in banks
and income framework and its remote proprietorship structure which are
significant pointers of the unpredictability in value.

5. Antoniadis (2014):- Mergers and Acquisitions are significant methodology for

the Greek financial part. The occasion study strategy is utilized to assess the
impact the proposition of merger of three banks had on the stock costs of the
banks in question. Here outcomes are broke down thinking about the budgetary
and corporate administration with measurable tests on stock profits.

6. Swarna Lakshmi (2013):- Examined an investigation by utilizing the ARCH

model to gauge the instability of hazard and return in bank clever and different
clever. The end was made the bank clever hazard and returns are more when
contrast and different clever by this financial specialist can put resources into bank
clever when he needs exceptional yield by facing a challenge.

7. Hasan Dincer (2011):- The paper centre’s around inside changes acquired banks
following money related emergency. The principle issue is the means by which

19
 CAMELS proportion used in carrying interior discoveries to evaluate execution of
taking everything into account it uncovered significant insights regarding the
structure of the general and proprietorship structure of the financial part happened
in those financial gatherings.

8. Dheeraj (2009):- Conducted an examination on the hazard return connection by

utilizing commercial canter and bookkeeping fundamentally based measurements
and found that opportunity processed on bookkeeping data changed into not
significantly caught with the guide of the market however monetary possibility
had great estimated impact.

9. Aubukarasi (2014):- Conduced a push to draw out the relationship be tween’s

chosen the NIFITY and stock files. The examination found that there was a
significant relationship of all the chose files aside from metal, bank and realty
lists. This finished up by saying that banks records that they strongly affect clever
development.

10. Munteanu Anca (2012):- This examination targets recognizing the advancement
of a portion of the key based pointers on account of recorded banks. Specifically
we register esteem based estimates like RI to recognize whether banks make
investor esteem. This clarifies on progressively genuine picture on esteem
advancement among banks. This strategy has the benefit of fusing financial
specialist's criticism and choices in time. Calculation technique that is particularly
for banks.

STATEMENT OF THE PROBLEM

The principle motivation behind this examination is to comprehend the portfolio

the board. Likewise to comprehend the impact while putting resources into single security
and putting resources into more than one security for example enhancement.

Portfolio Management is utilized to choose an arrangement of new item advancement tasks to

accomplish the accompanying objectives:

 Maximize the likelihood or estimation of the portfolio.

 Provide balance.
 Support the procedure of the endeavour.

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NEED FOR THE STUDY

 Portfolio the board presents the best speculation plan to the people according to their
salary, spending plan, age and capacity to embrace dangers.
 Portfolio the executives limit the dangers associated with contributing and
furthermore expand the opportunity to making benefits.
 Portfolio the board empowers the portfolio supervisors to give tweaked speculation
answer for customers according to their necessities and prerequisite.

OBJECTIVE OF THE STUDY

 To figure the arrival of different organizations.

 To figure the danger of different organizations.
 To figure the portfolio return and danger of various portfolios intended for the blend
of different organizations.
 To assess the presentation of different portfolios.
 To comprehend, break down and select the best portfolio.
 To comprehend the impact of expansion of venture.

SCOPE OF THE STUDY

The examination covers Portfolio the board rehearses at CHOICE EQUITY BROKING PVT
LTD.

 The study covers the estimation of relationships between's the various protections so
as to discover at what rate assets ought to be put among the organizations in the
portfolio.
 This study considers just recent years information that is 2017 to 2019.
 The study is to know the hazard and profit for Nifty financial stocks.

SAMPLING SIZE

5 Companies from various segments is chosen from NSE CNX Nifty.

SAMPLING TECHNIQUE

Accommodation test procedure is utilized to choose the example.

21
DATA COLLECTION TOOLS

The whole information was gathered from the optional source. Web is
principle wellspring of optional wellsprings of information assortment utilized. Magazines,
Newspapers and diaries were additionally utilized for gathering information.

STATISTICAL TOOLS USED

a. Arithmetic normal or mean

b. Return =Dividend + (Current cost – Previous price)* 100
Past cost
c. Standard deviation
d. Variance
e. Correlation – Karl Person's strategy

LIMITATION OF STUDY

 In this investigation, explicit information is gathered and restricted factual instruments

are utilized.
 Due to absence of involvement with this field investigation made by me may not be
100% right on exact.
 Findings the perfect individuals.
 Setting needs.
 Organization size.

CHAPTER SCHEME
 Chapter-1 Theoretical Background of the Study.
 Chapter-2 Industry Profile & Company Profile.
 Chapter-3 Research Methodology.
 Chapter-4 Data Analysis and Interpretation.
 Chapter-5 Summary of Findings, Suggestions and Conclusion.

22
 CHAPTER 4

DATA ANALYSIS AND INTERPRETATION

4.1. Analysis and Interpretation of Data

ICICI Bank

Table no 4.1 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 190.04
Jun-13 194.68 2.44
Sep-13 160.66 -17.47
Dec-13 199.77 24.34
Mar-14 226.37 13.32
Jun-14 257.85 13.91
Sep-14 260.65 1.09
Dec-14 321 23.15
Mar-15 286.82 -10.65
Jun-15 280 -2.38
Sep-15 245.77 -12.23
Dec-15 237.59 -3.33
Mar-16 215.14 -9.45
Jun-16 218.68 1.65
Sep-16 229.23 4.82
Dec-16 232.09 1.25
Mar-17 251.68 8.44
Jun-17 290.15 15.29
Sep-17 276.6 -4.67
Dec-17 314 13.52
Mar-18 278.35 -11.35
Jun-18 275.4 -1.06
Sep-18 305.55 10.95
Dec-18 360.15 17.87

23
 Table no 4.2 shows the calculation

ABSOLUTE
Mean 3.453994
Standard Deviation 11.70197
Minimum -17.4748
Maximum 24.34333

Interpretation
The above data of ICICI Bank has the details of price stock monthly and the return which is
earned for 3 months. From that information the risk and the return has been calculated which
is mean and the standard deviation. The mean or the return of the bank is 3.45 and the risk of
this stock is 11.90. The minimum risk of this stock -17.47 and the maximum risk of the stock
is 24.34.

Table no 4.3 shows the calculation of returns

Date Price ROLLING

Mar-13 190.04
Jun-13 194.68
Sep-13 160.66
Dec-13 199.77 5.12
Mar-14 226.37 16.28
Jun-14 257.85 60.49
Sep-14 260.65 30.48
Dec-14 321 41.80
Mar-15 286.82 11.24
Jun-15 280 7.42
Sep-15 245.77 -23.44
Dec-15 237.59 -17.16
Mar-16 215.14 -23.16
Jun-16 218.68 -11.02
Sep-16 229.23 -3.52

24
 Dec-16 232.09 7.88
Mar-17 251.68 15.09
Jun-17 290.15 26.58

Sep-17 276.6 19.18

Dec-17 314 24.76
Mar-18 278.35 -4.07
Jun-18 275.4 -0.43
Sep-18 305.55 -2.69
Dec-18 360.15 29.39

Table no 4.4 shows the calculation

ROLLING
Mean 10.00971494
Standard Deviation 21.31097478
Minimum -23.43613707
Maximum 60.49421138

Interpretation
The above data of ICICI Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 10.009 and the risk of this stock is 21.31. The minimum risk of this stock -
23.43 and the maximum risk of the stock is 60.49.

25
HDFC Bank

Table no 4.5 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 625.35
Jun-13 669.5 7.06
Sep-13 593.05 -11.42
Dec-13 665.85 12.28
Mar-14 748.8 12.46
Jun-14 821.55 9.72
Sep-14 872.65 6.22
Dec-14 951.6 9.05
Mar-15 1,022.70 7.47
Jun-15 1,067.15 4.35
Sep-15 1,068.80 0.15
Dec-15 1,082.15 1.25
Mar-16 1,071.15 -1.02
Jun-16 1,176.45 9.83
Sep-16 1,272.85 8.19
Dec-16 1,206.20 -5.24
Mar-17 1,442.55 19.59
Jun-17 1,652.05 14.52
Sep-17 1,805.70 9.30
Dec-17 1,872.40 3.69
Mar-18 1,886.10 0.73
Jun-18 2,108.45 11.79
Sep-18 2,006.05 -4.86
Dec-18 2,121.70 5.77

26
 Table no 4.6 shows the calculation

ABSOLUTE

Mean 5.691

Standard deviation 7.122

Minimum -11.42
Maximum 19.59

Interpretation
The above data of HDFC Bank has the details of price stock monthly and the return which is
earned for 3 months. From that information the risk and the return has been calculated which
is mean and the standard deviation. The mean or the return of the bank is 3.45 and the risk of
this stock is 11.90. The minimum risk of this stock -17.47 and the maximum risk of the stock
is 24.34.

Table no 4.7 shows the calculation of returns

Date Price ROLLING

Mar-13 625.35
Jun-13 669.5
Sep-13 593.05
Dec-13 665.85 6.48
Mar-14 748.8 11.84
Jun-14 821.55 38.53
Sep-14 872.65 31.06
Dec-14 951.6 27.08
Mar-15 1,022.70 24.48
Jun-15 1,067.15 22.29
Sep-15 1,068.80 12.32
Dec-15 1,082.15 5.81
Mar-16 1,071.15 0.37

27
 Jun-16 1,176.45 10.07
Sep-16 1,272.85 17.62
Dec-16 1,206.20 12.61
Mar-17 1,442.55 22.62
Jun-17 1,652.05 29.79
Sep-17 1,805.70 49.70
Dec-17 1,872.40 29.80
Mar-18 1,886.10 14.17
Jun-18 2,108.45 16.77
Sep-18 2,006.05 7.14
Dec-18 2,121.70 12.49

Table no 4.8 shows the calculation

ROLLING

Mean 19.19
Standard Deviation 12.1
Minimum 0.375
Maximum 49.7

Interpretation
The above data of HDFC Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 19.19 and the risk of this stock is 12.1. The minimum risk of this stock 0.375
and the maximum risk of the stock are 49.7.

28
Federal Bank

Table no 4.9 shows the calculation of returns

Price ABSOLUTE
Date
Mar-13 48.06
Jun-13 40.92 -14.86
Sep-13 28.46 -30.45
Dec-13 42.02 47.65
Mar-14 47.88 13.95
Jun-14 66.85 39.62
Sep-14 62.92 -5.88
Dec-14 75.85 20.55
Mar-15 66.03 -12.95
Jun-15 73.9 11.92
Sep-15 63.95 -13.46
Dec-15 56 -12.43
Mar-16 46.45 -17.05
Jun-16 57.6 24.00
Sep-16 72 25.00
Dec-16 66.85 -7.15
Mar-17 91.45 36.80
Jun-17 112.9 23.40
Sep-17 112.7 -0.18
Dec-17 108.5 -3.68
Mar-18 89.2 -17.79
Jun-18 81.85 -8.24
Sep-18 70.7 -13.62
Dec-18 93.25 31.90

29
Table no 4.10 shows the calculation

ABSOLUTE

Mean 5.088
Standard Deviation 22.09
Minimum -30.45
Maximum 47.65

Interpretation
The above data of Federal Bank has the details of price stock monthly and the return
which is earned for 3 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 5.088 and the risk of this stock is 22.09. The minimum risk of this stock -
30.45 and the maximum risk of the stock is 47.65.

Table no 4.11 shows the calculation of returns

Date Price ROLLING

Mar-13 48.06
Jun-13 40.92
Sep-13 28.46
Dec-13 42.02 -12.57
Mar-14 47.88 17.01
Jun-14 66.85 134.89
Sep-14 62.92 49.74
Dec-14 75.85 58.42
Mar-15 66.03 -1.23
Jun-15 73.9 17.45
Sep-15 63.95 -15.69
Dec-15 56 -15.19
Mar-16 46.45 -37.14
Jun-16 57.6 -9.93

30
 Sep-16 72 28.57
Dec-16 66.85 43.92
Mar-17 91.45 58.77
Jun-17 112.9 56.74
Sep-17 112.7 68.51
Dec-17 108.5 18.64
Mar-18 89.2 -20.96
Jun-18 81.85 -27.34
Sep-18 70.7 -34.84
Dec-18 93.25 4.54

Table no 4.12 shows the calculation

ROLLING

Mean 16.40
Standard Deviation 28.81
Minimum -20.54
Maximum 90.39

Interpretation

The above data of Federal Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which s mean and the standard deviation. The mean or the return of the
bank is 16.40 and the risk of this stock is 28.81, minimum risk of this stock -20.54
and the maximum risk of the stock is 90.39.

31
Bank of Baroda

Table no 4.13 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 135.08
Jun-13 114.83 -14.99
Sep-13 98.71 -14.04
Dec-13 129.11 30.80
Mar-14 144.15 11.65
Jun-14 175.29 21.60
Sep-14 180.46 2.95
Dec-14 216.78 20.13
Mar-15 163.5 -24.58
Jun-15 144.15 -11.83
Sep-15 183.2 27.09
Dec-15 156.65 -14.49
Mar-16 147 -6.16
Jun-16 153.95 4.73
Sep-16 167.4 8.74
Dec-16 153.4 -8.36
Mar-17 172.95 12.74
Jun-17 161.65 -6.53
Sep-17 137.6 -14.88
Dec-17 160.65 16.75
Mar-18 142.3 -11.42
Jun-18 112.65 -20.84
Sep-18 99.5 -11.67
Dec-18 118.8 19.40

32
Table no 4.14 shows the calculation

ABSOLUTE

Mean 0.729151
Standard Deviation 16.58721
Minimum -24.5779
Maximum 30.79728

Interpretation
The above data of Bank of Baroda has the details of price stock monthly and the
return which is earned for 3 months. From that information the risk and the return has
been calculated which is mean and the standard deviation. The mean or the return of
the bank is 0.72 and the risk of this stock is 16.58,the minimum risk of this stock -
24.57 and the maximum risk of the stock is 30.79

Table no 4.15 shows the calculation of returns

Date Price ROLLING

Mar-13 135.08
Jun-13 114.83
Sep-13 98.71
Dec-13 129.11 -4.420
Mar-14 144.15 25.53
Jun-14 175.29 77.58
Sep-14 180.46 39.77
Dec-14 216.78 50.39
Mar-15 163.5 -6.73
Jun-15 144.15 -20.12
Sep-15 183.2 -15.49
Dec-15 156.65 -4.19
Mar-16 147 1.98
Jun-16 153.95 -15.97

33
 Sep-16 167.4 6.86
Dec-16 153.4 4.35
Mar-17 172.95 12.34
Jun-17 161.65 -3.43
Sep-17 137.6 -10.30
Dec-17 160.65 -7.11
Mar-18 142.3 -11.97
Jun-18 112.65 -18.13
Sep-18 99.5 -38.06
Dec-18 118.8 -16.51

Table no 4.16 shows the calculation

ROLLING

Mean 2.207914
Standard Deviation 26.69765
Minimum -38.0641
Maximum 77.58079

Interpretation
The above data of Bank of Baroda has the details of price stock monthly and the
return which is earned for 12 months. From that information the risk and the return
has been calculated which is mean and the standard deviation. The mean or the return
of the bank is 2.20 and the risk of this stock is 26.69, the minimum risk of this stock -
38.06 and the maximum risk of the stock is 77.58.

34
Axis Bank

Table no 4.17 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 260.14
Jun-13 265.04 1.884
Sep-13 201.57 -23.947
Dec-13 259.91 28.943
Mar-14 292.1 12.385
Jun-14 383.77 31.383
Sep-14 377.7 -1.582
Dec-14 502.4 33.016
Mar-15 560.2 11.505
Jun-15 558.95 -0.223
Sep-15 495.65 -11.325
Dec-15 449.1 -9.392
Mar-16 444.15 -1.102
Jun-16 533.5 20.117
Sep-16 541.35 1.471
Dec-16 449.95 -16.884
Mar-17 490.8 9.079
Jun-17 517.35 5.410
Sep-17 509.15 -1.585
Dec-17 563.95 10.763
Mar-18 510.5 -9.478
Jun-18 510.8 0.059
Sep-18 613.25 20.057
Dec-18 619.9 1.084

35
Table no 4.18 shows the calculation

ABSOLUTE

Mean 4.853798
Standard Deviation 14.87675
Minimum -23.9473
Maximum 33.01562

Interpretation
The above data of Axis Bank has the details of price stock monthly and the return
which is earned for 3 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 4.85 and the risk of this stock is 14.87, the minimum risk of this stock -23.94
and the maximum risk of the stock is 33.01

Table no 4.19 shows the calculation of returns

Date Price ROLLING

Mar-13 260.14
Jun-13 265.04
Sep-13 201.57
Dec-13 259.91 -0.09
Mar-14 292.1 10.21
Jun-14 383.77 90.39
Sep-14 377.7 45.32
Dec-14 502.4 72.00
Mar-15 560.2 45.97
Jun-15 558.95 47.99
Sep-15 495.65 -1.34
Dec-15 449.1 -19.83
Mar-16 444.15 -20.54

36
 Jun-16 533.5 7.64
Sep-16 541.35 20.54
Dec-16 449.95 1.31
Mar-17 490.8 -8.00
Jun-17 517.35 -4.43
Sep-17 509.15 13.16
Dec-17 563.95 14.90
Mar-18 510.5 -1.32
Jun-18 510.8 0.32
Sep-18 613.25 8.74
Dec-18 619.9 21.43

Table no 4.20 shows the calculation

ROLLING

Mean 16.40
Standard Deviation 28.81
Minimum -20.54
Maximum 90.39

Interpretation
The above data of Axis Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 16.40 and the risk of this stock is 28.81, the minimum risk of this stock -20.54
and the maximum risk of the stock is 90.39.

37
IDFC Bank

Table no 4.21 shows the calculation of returns

Date Price ABSOLUTE

Dec-15 60.85
Mar-16 48.2 -20.79
Jun-16 45.2 -6.22
Sep-16 79.85 76.66
Dec-16 60.05 -24.80
Mar-17 59.3 -1.25
Jun-17 54.7 -7.76
Sep-17 56.4 3.11
Dec-17 54.25 -3.81
Mar-18 47.35 -12.72
Jun-18 38.85 -17.95
Sep-18 36.3 -6.56
Dec-18 43.35 19.42

Table no 4.22 shows the calculation

ABSOLUTE

Mean -0.22275
Standard Deviation 26.88706
Minimum -24.7965
Maximum 76.65929

Interpretation
The above data of IDFC Bank has the details of price stock monthly and the return which
is earned for 3 months. From that information the risk and the return has been calculated
which is mean and the standard deviation. The mean or the return of the bank is -0.2227
and the risk of this stock is 26.88, the minimum risk of this stock -24.79 and the
maximum risk of the stock is 76.65.

38
 Table no 4.23 shows the calculation of returns

Date Price ROLLING

Dec-15 60.85
Mar-16 48.2
Jun-16 45.2
Sep-16 79.85
Dec-16 60.05 24.59
Mar-17 59.3 31.19
Jun-17 54.7 -31.50
Sep-17 56.4 -6.08
Dec-17 54.25 -8.52
Mar-18 47.35 -13.44
Jun-18 38.85 -31.12
Sep-18 36.3 -33.09
Dec-18 43.35 -8.45

Table no 4.24 shows the calculation

ROLLING

Mean -8.48893
Standard Deviation 23.30625
Minimum -33.0876
Maximum 31.19469

Interpretation

The above data of IDFC Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the bank is -
8.48 and the risk of this stock is 23.30, the minimum risk of this stock -33.08 and the
maximum risk of the stock is 31.19.

39
INDUSIND Bank

Table no 4.25 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 404.7
Jun-13 467.45 15.51
Sep-13 368.75 -21.11
Dec-13 420.7 14.09
Mar-14 501.85 19.29
Jun-14 571.7 13.92
Sep-14 621.55 8.72
Dec-14 802.45 29.10
Mar-15 886 10.41
Jun-15 872.7 -1.50
Sep-15 942.45 7.99
Dec-15 968.95 2.81
Mar-16 967.6 -0.14
Jun-16 1,111.60 14.88
Sep-16 1,195.95 7.59
Dec-16 1,107.90 -7.36
Mar-17 1,425.15 28.64
Jun-17 1,478.95 3.78
Sep-17 1,682.20 13.74
Dec-17 1,648.90 -1.98
Mar-18 1,796.75 8.97
Jun-18 1,932.20 7.54
Sep-18 1,690.05 -12.53
Dec-18 1,599.30 -5.37

40
Table no 4.26 shows the calculation

ABSOLUTE

Mean 6.824843
Standard Deviation 12.00036
Minimum -21.1146
Maximum 29.10466

Interpretation
The above data of INDUSIND Bank has the details of price stock monthly and the
return which is earned for 3 months. From that information the risk and the return has
been calculated which is mean and the standard deviation. The mean or the return of
the bank is 6.82 and the risk of this stock is 12.00, the minimum risk of this stock -
21.11 and the maximum risk of the stock is 29.10

Table no 4.27 shows the calculation of returns

Date Price ROLLING

Mar-13 404.7
Jun-13 467.45
Sep-13 368.75
Dec-13 420.7 3.95
Mar-14 501.85 7.36
Jun-14 571.7 55.04
Sep-14 621.55 47.74
Dec-14 802.45 59.90
Mar-15 886 54.98
Jun-15 872.7 40.41
Sep-15 942.45 17.45
Dec-15 968.95 9.36
Mar-16 967.6 10.87

41
 Jun-16 1,111.60 17.95
Sep-16 1,195.95 23.43
Dec-16 1,107.90 14.50
Mar-17 1,425.15 28.21
Jun-17 1,478.95 23.66
Sep-17 1,682.20 51.84
Dec-17 1,648.90 15.70
Mar-18 1,796.75 21.49
Jun-18 1,932.20 14.86
Sep-18 1,690.05 2.50
Dec-18 1,599.30 -10.99

Table no 4.28 shows the calculation

ROLLING

Mean 24.295
Standard Deviation 19.89493
Minimum -10.9893
Maximum 59.89838

Interpretation
The above data of INDUSIND Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 24.29 and the risk of this stock is 19.89, the minimum risk of this stock - 10.98
and the maximum risk of the stock is 59.89.

42
Kotak Mahindra Bank

Table no 4.29 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 326.5
Jun-13 361.1 10.60
Sep-13 339.05 -6.11
Dec-13 364.12 7.39
Mar-14 390.52 7.25
Jun-14 441.77 13.12
Sep-14 506.55 14.66
Dec-14 631.95 24.76
Mar-15 656.62 3.90
Jun-15 692.9 5.53
Sep-15 648.1 -6.47
Dec-15 720.05 11.10
Mar-16 680.65 -5.47
Jun-16 763.35 12.15
Sep-16 777 1.79
Dec-16 719.7 -7.37
Mar-17 872.2 21.19
Jun-17 955.75 9.58
Sep-17 1,002.25 4.87
Dec-17 1,010.20 0.79
Mar-18 1,047.80 3.72
Jun-18 1,342.95 28.17
Sep-18 1,141.60 -14.99
Dec-18 1,256.50 10.06

43
 Table no 4.30 shows the calculation

ABSOLUTE
Mean 6.531519
Standard Deviation 10.48844
Minimum -14.9931
Maximum 28.16854

Interpretation
The above data of Kotak Mahindra Bank has the details of price stock monthly and
the return which is earned for 3 months. From that information the risk and the return
has been calculated which is mean and the standard deviation. The mean or the return
of the bank is 6.53 and the risk of this stock is 10.48, the minimum risk of this stock -
14.99 and the maximum risk of the stock is 28.16

Table no 4.31 shows the calculation of returns

Date Price ROLLING

Mar-13 326.5
Jun-13 361.1
Sep-13 339.05
Dec-13 364.12 11.52
Mar-14 390.52 8.15
Jun-14 441.77 30.30
Sep-14 506.55 39.12
Dec-14 631.95 61.82
Mar-15 656.62 48.63
Jun-15 692.9 36.79
Sep-15 648.1 2.56
Dec-15 720.05 9.66
Mar-16 680.65 -1.77

44
 Jun-16 763.35 17.78
Sep-16 777 7.91
Dec-16 719.7 5.74
Mar-17 872.2 14.26
Jun-17 955.75 23.01
Sep-17 1,002.25 39.26
Dec-17 1,010.20 15.82
Mar-18 1,047.80 9.63
Jun-18 1,342.95 33.99
Sep-18 1,141.60 13.01
Dec-18 1,256.50 19.92

Table no 4.32 shows the calculation

ROLLING
Mean 21.29046
Standard Deviation 16.61612
Minimum -1.76793
Maximum 61.8227

Interpretation
The above data of Kotak Mahindra Bank has the details of price stock monthly and
the return which is earned for 12 months. From that information the risk and the
return has been calculated which is mean and the standard deviation. The mean or the
return of the bank is 21.29 and the risk of this stock is 16.61, the minimum risk of this
stock - 1.767 and the maximum risk of the stock is 61.82

Punjab National Bank

Table no 4.33 shows the calculation of returns

Date Price
ABSOLUTE

45
Mar-13 143.58
Jun-13 130.17 -9.34
Sep-13 92.29 -29.10
Dec-13 125.29 35.76
Mar-14 148.78 18.75
Jun-14 198.44 33.38
Sep-14 177.46 -10.57
Dec-14 219.1 23.46
Mar-15 144.4 -34.09
Jun-15 138.8 -3.88
Sep-15 133.25 -4.00
Dec-15 115.7 -13.17
Mar-16 84.7 -26.79
Jun-16 105.9 25.03
Sep-16 140.7 32.86
Dec-16 115.45 -17.95
Mar-17 149.9 29.84
Jun-17 137.3 -8.41
Sep-17 129.05 -6.01
Dec-17 171.4 32.82
Mar-18 95.3 -44.40
Jun-18 76.15 -20.09
Sep-18 59.7 -21.60
Dec-18 78.1 30.82

Table no 4.34 shows the calculation

ABSOLUTE

Mean 0.578805
Standard Deviation 25.50561
Minimum -44.3991
Maximum 35.75685

46
 Interpretation
The above data of Punjab National Bank has the details of price stock monthly
and the return which is earned for 3 months. From that information the risk and
the return has been calculated which is mean and the standard deviation. The
mean or the return of the bank is 0.57 and the risk of this stock is 25.50, the
minimum risk of this stock -44.39 and the maximum risk of the stock is 35.75.

Table no 4.35 shows the calculation of returns

Date Price ROLLING

Mar-13 143.58
Jun-13 130.17
Sep-13 92.29
Dec-13 125.29 -12.74
Mar-14 148.78 14.30
Jun-14 198.44 115.02
Sep-14 177.46 41.64
Dec-14 219.1 47.26
Mar-15 144.4 -27.23
Jun-15 138.8 -21.79
Sep-15 133.25 -39.18
Dec-15 115.7 -19.88
Mar-16 84.7 -38.98
Jun-16 105.9 -20.53
Sep-16 140.7 21.61
Dec-16 115.45 36.30
Mar-17 149.9 41.55
Jun-17 137.3 -2.42
Sep-17 129.05 11.78
Dec-17 171.4 14.34
Mar-18 95.3 -30.59
Jun-18 76.15 -40.99
Sep-18 59.7 -65.17
Dec-18 78.1 -18.05
47
Table no 4.36 shows the calculation

ROLLING

Mean 0.29855
Standard Deviation 41.04818
Minimum -65.1692
Maximum 115.0179

Interpretation

The above data of Punjab National Bank has the details of price stock monthly and
the return which is earned for 12 months. From that information the risk and the
return has been calculated which is mean and the standard deviation. The mean or the
return of the bank is 0.29 and the risk of this stock is 41.04 the minimum risk of this
stock -65.16 and the maximum risk of the stock is 115.01

RBL Bank

Table no 4.37 shows the calculation of returns

Date Price ABSOLUTE

Sep-16 291.2
Dec-16 335.1 15.08
Mar-17 494.55 47.58
Jun-17 507.75 2.67
Sep-17 506.95 -0.16
Dec-17 510.1 0.62
Mar-18 479.85 -5.93
Jun-18 552.05 15.05
Sep-18 511.9 -7.27
Dec-18 575.6 12.44

48
Table no 4.38 shows the calculation

ABSOLUTE
Mean 8.897596
Standard Deviation 16.79185
Minimum -7.27289

Maximum 47.5828

Interpretation
The above data of RBL Bank has the details of price stock monthly and the return
which is earned for 3 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 8.89 and the risk of this stock is 16.79, the minimum risk of this stock -7.27
and the maximum risk of the stock is 47.58.

Table no 4.39 shows the calculation of returns

Date Price ROLLING

Sep-16 291.2
Dec-16 335.1
Mar-17 494.55
Jun-17 507.75
Sep-17 506.95
Dec-17 510.1 3.14
Mar-18 479.85 -5.49
Jun-18 552.05 8.90
Sep-18 511.9 0.35
Dec-18 575.6 19.95

49
Table no 4.40 shows the calculation

ROLLING

Mean 5.370562
Standard Deviation 9.660519
Minimum -5.49483
Maximum 19.95415

Interpretation
The above data of RBL Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the
bank is 5.37 and the risk of this stock is 9.66,the minimum risk of this stock -5.49 and
the maximum risk of the stock is 19.95.

State Bank of Indian

Table no 4.41 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 207.28
Jun-13 195.38 -5.74
Sep-13 161.49 -17.35
Dec-13 176.65 9.39
Mar-14 191.77 8.56
Jun-14 268.62 40.07
Sep-14 244.57 -8.95
Dec-14 311.85 27.51
Mar-15 267.05 -14.37
Jun-15 262.75 -1.61
Sep-15 237.15 -9.74
Dec-15 224.45 -5.36
Mar-16 194.25 -13.46

50
 Jun-16 218.8 12.64
Sep-16 251.25 14.83
Dec-16 250.2 -0.42
Mar-17 293.4 17.27
Jun-17 273.65 -6.73
Sep-17 253.85 -7.24
Dec-17 309.9 22.08
Mar-18 249.9 -19.36
Jun-18 259.35 3.78
Sep-18 265.5 2.37
Dec-18 295.9 11.45

Table no 4.42 shows the calculation

ABSOLUTE

Mean 2.592756
Standard Deviation 15.20486
Minimum -19.3611
Maximum 40.07405

Interpretation
The above data of State Bank of Indian has the details of price stock monthly and the
return which is earned for 3 months. From that information the risk and the return has
been calculated which is mean and the standard deviation. The mean or the return of
the bank is 2.59and the risk of this stock is 15.20, the minimum risk of this stock -
19.36 and the maximum risk of the stock is 40.07.

51
Table no 4.43 shows the calculation of returns

Date Price ROLLING

Mar-13 207.28
Jun-13 195.38
Sep-13 161.49
Dec-13 176.65 -14.78
Mar-14 191.77 -1.85
Jun-14 268.62 66.34
Sep-14 244.57 38.45
Dec-14 311.85 62.62
Mar-15 267.05 -0.58
Jun-15 262.75 7.43
Sep-15 237.15 -23.95
Dec-15 224.45 -15.95
Mar-16 194.25 -26.07
Jun-16 218.8 -7.74
Sep-16 251.25 11.94
Dec-16 250.2 28.80
Mar-17 293.4 34.10
Jun-17 273.65 8.92
Sep-17 253.85 1.46
Dec-17 309.9 5.62
Mar-18 249.9 -8.68
Jun-18 259.35 2.17
Sep-18 265.5 -14.33
Dec-18 295.9 18.41

Table no 4.44 shows the calculation

ROLLING

Mean 8.205642

52
 Standard Deviation 25.59606
Minimum -26.0704
Maximum 66.33847

Interpretation
The above data of State Bank of Indian has the details of price stock monthly and the
return which is earned for 12 months. From that information the risk and the return
has been calculated which is mean and the standard deviation. The mean or the return
of the bank is 8.20 and the risk of this stock is 25.59,the minimum risk of this stock -
26.07 and the maximum risk of the stock is 66.33.

Yes Bank

Table no 4.45 shows the calculation of returns

Date Price ABSOLUTE

Mar-13 85.78
Jun-13 92.22 7.51
Sep-13 57.47 -37.68
Dec-13 74.04 28.83
Mar-14 82.79 11.82
Jun-14 108.21 30.70
Sep-14 111.77 3.29
Dec-14 154.41 38.15
Mar-15 163.15 5.66
Jun-15 168.77 3.44
Sep-15 145.94 -13.53
Dec-15 145.16 -0.53
Mar-16 173.01 19.19
Jun-16 221.42 27.98
Sep-16 250.94 13.33
Dec-16 231.29 -7.83
Mar-17 309.35 33.75
Jun-17 292.7 -5.38
53
 Sep-17 350 19.58
Dec-17 315.15 -9.96
Mar-18 304.85 -3.27
Jun-18 339.65 11.42
Sep-18 183.65 -45.93
Dec-18 181.8 -1.01

Table no 4.46 shows the calculation

ABSOLUTE

Mean 5.631682
Standard Deviation 20.93927
Minimum -45.9296
Maximum 38.14977

Interpretation
The above data of Yes Bank has the details of price stock monthly and the return which is
earned for 3 months. From that information the risk and the return has been calculated
which is mean and the standard deviation. The mean or the return of the bank is 5.63 and
the risk of this stock is 20.93 the minimum risk of this stock -45.92 and the maximum
risk of the stock is 38.14.

Table no 4.47shows the calculation of returns

Date Price ROLLING

Mar-13 85.78
Jun-13 92.22
Sep-13 57.47
Dec-13 74.04 -13.69
Mar-14 82.79 -10.23

54
 Jun-14 108.21 88.29
Sep-14 111.77 50.96
Dec-14 154.41 86.51
Mar-15 163.15 50.77
Jun-15 168.77 51.00
Sep-15 145.94 -5.49
Dec-15 145.16 -11.03
Mar-16 173.01 2.51
Jun-16 221.42 51.72
Sep-16 250.94 72.87
Dec-16 231.29 33.69
Mar-17 309.35 39.71
Jun-17 292.7 16.64
Sep-17 350 51.33
Dec-17 315.15 1.87
Mar-18 304.85 4.15
Jun-18 339.65 -2.96
Sep-18 183.65 -41.73
Dec-18 181.8 -40.36

Table no 4.48 shows the calculation

ROLLING

Mean 22.69278
Standard Deviation 38.53417
Minimum -41.7262
Maximum 88.28954

Interpretation
The above data of Yes Bank has the details of price stock monthly and the return
which is earned for 12 months. From that information the risk and the return has been
calculated which is mean and the standard deviation. The mean or the return of the

55
bank is 22.69 and the risk of this stock is 38.53, the minimum risk of this stock -41.72
and the maximum risk of the stock is 88.2.

Banking stocks in bank nifty under absolute method (3 months)

Table no 4.49 shows the overall calculation

ABSOLUTE

STANDARD
STOCK DEVIATION MEAN MINIMUM MAXIMUM
ICBK 11.70 3.45 -17.47 24.34
HDBK 7.12 5.69 -11.42 19.59
FED 22.09 5.09 -30.45 47.65
BOB 16.59 0.73 -24.58 30.80
AXBK 14.88 4.85 -23.95 33.02
IDFB 26.89 -0.22 -24.80 76.66
INBK 12.00 6.82 -21.11 29.10
KTMK 10.49 6.53 -14.99 28.17
PNBK 25.51 0.58 -44.40 35.76
RATB 16.79 8.90 -7.27 47.58
SBI 15.20 2.59 -19.36 40.07
YESB 20.94 5.63 -45.93 38.15

16.68 4.22

Interpretation
The above data of ICICI Bank, HDFC Bank, Federal Bank, Bank of Baroda, Axis
Bank, IDFC bank, and INDUSIND Bank, Kotak Mahindra Bank, Punjab National
Bank, RBL Bank, State Bank of India, Yes Bank has the details of price stock
monthly and the return which is earned for 3 months. From that information the risk
and the return has been calculated which is mean and the standard deviation.

56
The mean or the return and the risk of this stock of the banks which have

Low Risk High Return: - HDFC Bank (7.12, 5.69), Kotak Mahindra Bank (10.49, 6.53)
INDUSIND Bank (12.00, 6.82), Axis Bank (14.88, 4.85)

High Risk High Return: - RBL Bank (16.79, 8.90), Yes Bank (20. 94, 5.63), Federal
Bank (20.94, 5.63)

Low Risk Low Return: - ICICI Bank (11.70, 3.45), State Bank of India (15.20,
2.59), Bank of Baroda (16.59, 0.73)

High Risk Low Return: - Punjab National Bank (25.51, 0.58), IDFC bank (26.89, -0.22)

Banking stocks in bank nifty under rolling method (12 months)

Table no 4.50 shows the overall calculation

ROLLING
STOCK STANDARD DEVIATION MEAN MINIMUM MAXIMUM
ICBK 21.31 10.01 -23.44 60.49
HDBK 12.10 19.19 0.37 49.70
FED 42.84 18.21 -37.14 134.89
BOB 26.70 2.21 -38.06 77.58
AXBK 28.81 16.40 -20.54 90.39
IDFB 23.31 -8.49 -33.09 31.19
INBK 19.89 24.30 -10.99 59.90
KTMK 16.62 21.29 -1.77 61.82
PNBK 41.05 0.30 -65.17 115.02
RATB 9.66 5.37 -5.49 19.95
SBI 25.60 8.21 -26.07 66.34
YESB 38.53 22.69 -41.73 88.29

25.53 11.64

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 Interpretation
The above data of ICICI Bank, HDFC Bank, Federal Bank, Bank of Baroda, Axis
Bank, IDFC bank, and INDUSIND Bank, Kotak Mahindra Bank, Punjab National
Bank, RBL Bank, State Bank of India, Yes Bank has the details of price stock
monthly and the return which is earned for 12 months. From that information the risk
and the return has been calculated which is mean and the standard deviation.

The mean or the return and the risk of this stock of the banks which has

Low Risk High Return: - HDFC Bank (12.10, 19.19), Kotak Mahindra Bank (16.62,
21.29), INDUSIND Bank (19.89, 24.30)

High Risk High Return: - Yes Bank (38.53, 22.69), Axis Bank (28.81, 16.40), Federal
Bank (42.84, 18.21)

Low Risk Low Return: - ICICI Bank (21.31, 10.01), RBL Bank (9.66, 5.37), IDFC
bank (23.31, -8.49)

High Risk Low Return: - State Bank of India (25.60, 8.21) , Bank of Baroda (26.70,
2.21), Punjab National Bank (41.05,0.30)

FINANCIAL STATEMENTS

As at As at As at
March 31, March 31, March 31,
PARTICULAR
2018-2019 2017-2018 2016-2017
(Rs. In (Rs. In (Rs. In
lakhs) lakhs) lakhs)
A. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 2,000.48 2,000.48 1000.48
(b) Reserve and surplus 11,870.22 11,709.58 5,977.18
(c) Money received against share warrants - - 1000.00
Sub –Total-Shareholders’ Funds 13,870.70 13,710.06 7,977.66
2. Non-current Liabilities

58
 (a) Long-Term Borrowings - - 885.32
(b) Deferred Tax Liabilities (net) 258.23 255.22 360.51
(c) Long-Term Provision 6.27 8.64 59.94
(d) Other –long term liabilities - - 35.92
Sub-Total-Non-Current Liabilities 264.50 263.86 1341.69
3. Current Liabilities
(a) Short-Term Borrowings 90.37 10,624.21 13749.75
(b) Trade Payable 4566.46
(i) Duets to micro, Small and Medium 0.41 0.75 -
enterprises
(ii) Other than micro, Small and Medium 53.38 62.00 -
Enterprises
(c) Other Current liabilities 39.20 780.77 917.69
(d) Short-Term Provisions 1.13 58.80 154.00
Sub-Total-Current Liabilities 184.49 11,526.52 19387.90
TOTAL-EQUITY AND LIABILITIES 14,319.69 25,500.44 28,707.25
B. ASSETS
1. Non-Current Assets
(a) Property, Plant &Equipment
(i) Tangible Assets 6,433.44 6,504.90 -
(ii) Intangible Assets 17.02 22.54 -
(iii) Intangible Assets under development 8.95 12.81 -
(b) Fixed Assets - - 3785.03
(c) Non-Current Investment 6,896.21 9,477.59 2,635.87
(d) Long-Term loans and Advances 170.17 154.91 371.79
(e) Other Non-Current Assets - - 79.30
Sub Total-Non-Current Assets 13,525.79 16,172.75 6871.99
2. Current Assets
(a) Trade receivables 139.02 178.92 11443.52
(b) Cash and Bank Balances 605.23 40.83 4029.26

59
 (c) Short-Term Loans and Advances 42.90 9,106.09 5175.72
(d) Other Current Assets 6.75 1.85 257.44
(e) Inventories - - 929.32
Sub-Total-Current Assets 793.90 9,327.69 21,835.26
TOTAL ASSETS 14,319.69 25,500.44 28,707.25

60
 CHAPTER 5
SUMMARY OF FINDINGS, CONCLUSION AND SUGGESTIONS

5.1. Summary of findings

In above research the risk and the return have been calculated. Results indicate mean
(returns) should be maximum and the standard deviation (risk) should be minimum for
investing in banking stocks.

The mean (return) and the standard deviation (risk) for the banking stocks indicates:-

 Low Risk - High Return


 High Risk - High Return

 Low Risk - Low Return

 High Risk - Low Return

From the above data risk and return analysis have been calculated by taking a reference of
bank nifty stocks. Where this data show the investors to know which banking stock to invest.
By considering the past 5years performance of the banks which come under bank nifty
stocks. Were investors can easily find out the high returns for their investment by knowing
the risk factor and to know which banks performance has high return to investment.

5.2. SUGGESTIONS

From the above information a financial specialist is proposed to know the hazard and profit
for their venture. Speculators much realize which stocks have Low Risk High Return. For
instance, HDFC Bank, Kotak Mahindra Bank, INDUSIND Bank, Axis Bank have
exceptional yield and okay, where a financial specialist gets exceptional yield on their
venture.

At the point when financial specialist can deal with the high hazard, makes a speculator to
acquire significant yields on their venture. From the above information we propose to put
resources into RBL Bank, Yes Bank, Federal Bank which is recorded in bank clever to get by
facing high challenge to get higher the arrival.

Be that as it may, the financial specialist is propose not to put resources into ICICI Bank,
State Bank of India, Bank of Baroda which are recorded in bank clever in light of the fact that
61
here these banks have Low Risk Low Return and furthermore not to put resources into
Punjab National Bank, IDFC bank since High Risk Low Return on their Ventures. From the
general information, INDUSIND Bank is acceptable among the 12 banks recorded in the
bank clever in light of the fact that this bank has Low Risk High Return.

5.3. Conclusion

This task has been attempted to contemplate the hazard return investigation regarding clever
stocks. This examination was led to give a general thought for financial specialist to know the
hazard and returns which are related in banking stocks.

At the point when financial specialist can face challenge a speculator can put resources into
stocks which have exceptional yield and high hazard related in banking stocks, yet when
speculator doesn't pick to face challenge, a speculator can put resources into banking stock
which have Low Risk High Return to get exceptional yield on their venture.

Speculators are suggested not put resources into banks which has Low Risk - Low Return and
High Risk-Low Return of clever banks. Financial specialist should cautiously explore the
general hazard and return before contributing effectively.

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BIBILOGRAPHY

 PORTFOLIO MANAGEMENT
- S.KEVIN

 INVEST MANAGEMENT
- PRASANNA CHANDRA

 SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT

- FISHER & JORDAN

WEBSITES:

http://www.moneycontrol.com/

http://www.investopedia.com/

http://www.trai.gov.in/

www.cso.org

www.economicsurvery.com

www.rbi.org

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