Year Return Year

2013 8.72% 2013

2014 12.97% 2014
2015 9.41% 2015
2016 13.14% 2016
SBI constant maturity fund 2017 6.54% Average Rf 10 yr 2017
2018 10.26% 2018
2019 12.71% 2019
2020 11.47% 2020
2021 2.54% 2021
2022 1.64% 2022

Year UTI Nifty 50 ETF Nifty 50 TRI Difference

2013 5.54% 8.10% 2.56%
2014 32.07% 32.90% 0.83%
2015 -3.24% -3.00% 0.24%
2016 3.88% 4.40% 0.52%
2017 29.79% 30.30% 0.51%
2018 5.27% 4.60% -0.67%
2019 13.64% 13.50% -0.14%
2020 15.43% 16.10% 0.67%
2021 23.90% 24.12% 0.22%
2022 5.54% 5.70% 0.16%

Tracking error 0.46%

SBI LIQUID FUND 2013 9.26%

2014 9.09%
2015 8.32%
2016 7.63%
2017 6.60%
2018 7.39%
2019 6.54%
2020 4.24%
2021 3.34%
2022 4.84%
Yield
8.20%
8.44%
7.33%
6.36%
6.64%
6.81%
5.56%
3.76%
4.36%
6.75%

Year Goldbees ETF Actual Domestic Difference

2013 -14.08% -13.17% 0.91%
2014 0.85% 1.82% 0.97%
2015 -7.80% -7.04% 0.76%
2016 10.66% 11.22% 0.56%
2017 2.87% 4.04% 1.17%
Nippon India ETF Goldbees
2018 6.84% 8.01% 1.17%
2019 22.86% 23.97% 1.11%
2020 26.21% 27.48% 1.27%
2021 -4.78% -4.01% 0.77%
2022 13.96% 15.07% 1.11%

Tracking error 0.24%

Difference
Year Invesco BAF Column1 ABSL BAF Column2
Original Return Excess Return Original Return2 Excess Return3
2013 0.1896 0.1076 0.0582 -0.0238
2014 0.2715 0.1871 0.2878 0.2034
2015 0.0735 0.0002 0.0394 -0.0339
2016 0.0412 -0.0224 0.1652 0.1016
2017 0.3258 0.2594 0.167 0.1006
2018 -0.0297 -0.0978 0.0217 -0.0464
2019 0.1053 0.0497 0.0903 0.0347
2020 0.0921 0.0545 0.1645 0.1269
2021 0.1375 0.0939 0.1425 0.0989
2022 0.0547 -0.0128 0.0551 -0.0124

Sharpe Ratio 0.5876293490346 0.65836364383308

Custom Portfolio: 50% UTI Nifty+50% SBI Constant

Year Original Return Excess Return
2013 7.13% -1.07%
2014 22.52% 14.08%
2015 3.09% -4.25%
2016 8.51% 2.15%
2017 18.17% 11.53%
2018 7.77% 0.96%
2019 13.17% 7.61%
2020 13.45% 9.69%
2021 13.22% 8.86%
2022 3.59% -3.16%
Sharpe Ratio 0.71

Column1 At beginning Equity

1000000 500000
2013 527700
2014 705205.774545455
2015 630418.857987981
2016 688606.692321172
2017 925127.539008277
2018 882062.380314334
2019 1021093.53457091
2020 1173571.55708531
2021 1427800.65807035
2022 1370171.69767469
ICICI Pru BAF Column3 Sundaram BAF Column4 HDFC BAF
Original Return4 Excess Return5 Original Return6 Excess Return7 Original Return8
0.1134 0.0314 0.0482 -0.0338 0.0166
0.3001 0.2157 0.3495 0.2651 0.5243
0.0811 0.00779999999999999 0.0419 -0.0314 0.006
0.085 0.0214 0.0547 -0.0089 0.0966
0.2059 0.1395 0.1472 0.0808 0.2945
0.0383 -0.0298 0.0477 -0.0204 -0.017
0.1154 0.0598 0.0271 -0.0285 0.0714
0.1197 0.0821 0.1133 0.0757 0.0788
0.1531 0.1095 0.1193 0.0757 0.2584
0.0862 0.0187 0.0743 0.0068 0.1956

0.898502927969601 0.41141295012489

Debt Adj Equity Adj Debt Sale off Debt>Equity

500000 500000 500000
543600 533963.636363636 533963.636363636 9636.36363636364 1
603218.72 651528.377416268 651528.377416268 53677.3971291866 0
712837.197731139 662886.688795892 662886.688795892 49950.5089352473 TRUE
749989.999703672 712787.99522943 712787.995229429 37202.0044742422 TRUE
759404.330117434 837904.797486781 837904.797486781 87222.7415214961 FALSE
923873.829708924 898533.557348567 898533.557348567 25340.2723603579 TRUE
1012737.17248757 1016695.44926389 1016695.44926389 4398.08530702195 FALSE
1133310.41729446 1152381.48351118 1152381.48351118 21190.0735741316 FALSE
1181651.97319236 1298248.71866088 1298248.71866088 129551.939409467 FALSE
1319539.99764692 1343523.43450218 1343523.43450218 26648.2631725127 FALSE
Fund Outperforms
BAF 6 out of 8
Conservative Hybrid 8 out of 9
Aggresive Hybrid 11 out of 18(2 same)
Equity Savings 6 out of 6
Multi asset 4 out of 6
Column5 NIPPON BAF Column6 Edelweiss BAF
Excess Return9 Original Return10 Excess Return11 Original Return12
-0.0654 0.0276 -0.0544 0.0841
0.4399 0.3933 0.3089 0.2959
-0.0673 0.0112 -0.0621 0.043
0.033 0.0613 -0.0023 -0.0096
0.2281 0.26 0.1936 0.2489
-0.0851 0.0236 -0.0445 0.0325
0.0158 0.0951 0.0395 0.0947
0.0412 0.1239 0.0863 0.2419
0.2148 0.1666 0.123 0.1956
0.1281 0.0654 -0.0021 0.0353

0.53072232932895 0.484682335906366

Tax Portfolio Value

1000000
3372.72727272727 1067927.27272727
5367.73971291866 1303056.75483254
17482.6781273366 1325773.37759178
13020.7015659848 1425575.99045886
8722.27415214961 1675809.59497356
8869.09532612525 1797067.11469713
439.808530702195 2033390.89852778
2119.00735741316 2304762.96702235
12955.1939409467 2596497.43732176
2664.82631725127 2687046.86900436
Column7 HSBC BAF Column8
Excess Return13 Original Return14 Excess Return15
0.0021 0.0751 -0.0069
0.2115 0.5076 0.4232
-0.0303 0.0441 -0.0292
-0.0732 0.0289 -0.0347
0.1825 0.1274 0.061
-0.0356 0.0454 -0.0227
0.0391 0.0953 0.0397
0.2043 0.135 0.0974
0.152 0.0941 0.0505
-0.0322 0.0319 -0.0356

0.549785786093487 0.3938691609179

Returns Excess Returns

6.79% -1.41%
22.02% 13.58%
1.74% -5.59%
7.53% 1.17%
17.55% 10.91%
7.24% 0.43%
13.15% 7.59%
13.35% 9.59%
12.66% 8.30%
3.49% -3.26%
Sharpe Ratio(adj for tax) 0.62
 Kotak Conservative HHDFC Conservative HSBI Conservative HybFranklin Conservativ
Year Excess Returns
2013 -3.82% -4.66% -4.56% -1.95%
2014 12.08% 16.88% 10.22% 14.64%
2015 -0.98% -3.06% 1.89% -1.00%
2016 7.80% 6.93% 7.14% 3.73%
2017 4.92% 4.85% 2.83% 2.63%
2018 -5.53% -5.62% -6.04% -4.48%
2019 6.87% 1.34% 3.25% 2.72%
2020 10.94% 6.60% 10.35% 2.03%
2021 9.77% 9.10% 9.59% 2.02%
2022 -1.04% -0.26% -1.66% -2.51%

Sharpe Ratio 0.64 0.46 0.55 0.34

Portfolio Value Returns Excess Returns

1000000
1076420.33898305 7.64% -0.56%
1263477.35342894 17.38% 8.94%
1328190.95028194 5.12% -2.21%
1461023.55233675 10.00% 3.64%
1634964.0255638 11.91% 5.27%
1775055.50242541 8.57% 1.76%
2004474.59897734 12.92% 7.36%
2252705.64950762 12.38% 8.62%
2420965.43302085 7.47% 3.11%
2482457.95501958 2.54% -4.21%

Sharpe Ratio(adj for tax) 0.70

ICICI Conservative H Canara Robeco Conser
BNP Paribas ConservaUTI Conservative HybAxis Conservative Hy

-2.58% -1.45% -1.92% -1.30% -2.54%

14.87% 12.20% 9.75% 13.18% 14.41%
0.04% -0.31% -0.02% 0.37% 0.31%
5.11% 0.61% 4.96% 3.19% -0.74%
7.26% 3.57% 6.49% 6.72% 6.94%
-0.88% -2.45% -2.18% -2.56% -2.32%
4.67% 6.21% 4.46% -1.97% -2.63%
7.81% 11.15% 6.53% 6.89% 11.02%
6.26% 6.66% 3.69% 8.95% 7.15%
-0.82% -2.86% -2.69% -2.84% -4.89%

0.78 0.60 0.67 0.55 0.40

Custom(25% UTI+25% SBI Gilt)

-0.28%
9.31%
-1.08%
4.47%
5.71%
2.20%
7.38%
8.70%
3.52%
-4.14%

0.81
 ICICI Aggressive Hybrid Edelweiss Aggressive HybUTI Aggressive Hybrid
Year Excess Returns Excess Returns Excess Returns
2013 2.91% 8.68% -2.30%
2014 38.05% 30.51% 24.74%
2015 -4.33% -5.03% -4.63%
2016 8.47% -6.11% 2.76%
2017 19.92% 20.12% 19.95%
2018 -7.26% -5.28% -11.64%
2019 4.10% 6.49% -2.45%
2020 5.56% 10.44% 10.00%
2021 36.54% 23.87% 25.41%
2022 5.57% 0.69% -0.46%
Sharpe Ratio 0.70 0.65 0.47

Portfolio Value
1000000
1063644.44444444
1328707.4839691
1329234.04582386
1412719.79007972
1710617.06589983
1822896.90161048
2065194.01822572
2353239.99096778
2727505.82290025
2838790.97759311
Sharpe Ratio(adj for tax)
Quant Aggressive Hybrid Franklin Aggressive HybriSundaram Aggressive HybJM Aggressive Hybrid Fun
Excess Returns Excess Returns Excess Returns Excess Returns
-8.12% -1.59% -1.41% 3.58%
48.03% 39.33% 27.36% 26.01%
-3.46% -1.29% -3.68% -6.01%
-1.70% 2.42% 4.20% -2.69%
17.16% 16.12% 31.55% 11.91%
-7.27% -6.80% -7.11% -3.67%
1.69% 3.68% -1.92% -12.10%
33.49% 11.00% 13.68% 28.02%
38.31% 19.32% 21.29% 18.01%
8.51% -0.99% -2.48% 2.38%
0.62 0.59 0.57 0.47

Returns Excess Returns

6.36% -1.84%
24.92% 16.48%
0.04% -7.29%
6.28% -0.08%
21.09% 14.45%
6.56% -0.25%
13.29% 7.73%
13.95% 10.19%
15.90% 11.54%
4.08% -2.67%
0.59
Nippon Aggressive Hybri PGIM IndiaAggressive HyShriram Aggressive HybriCanara Robeco Aggressiv
Excess Returns Excess Returns Excess Returns Excess Returns
-5.08% -0.68% -6.42% -5.16%
35.66% 31.88% 18.97% 37.27%
1.78% -5.21% -6.80% -1.00%
-0.94% -2.73% -4.81% -2.29%
24.90% 13.54% 17.76% 20.19%
-9.92% -8.98% -4.41% -3.79%
-2.20% 6.42% 4.64% 7.49%
-8.52% 9.20% 10.48% 17.08%
23.09% 19.01% 11.38% 18.62%
0.66% -9.05% -3.59% -4.15%
0.37 0.40 0.36 0.59
HDFC Aggressive Hybrid ABSL Aggressive Hybrid FTata Aggressive Hybrid F DSP Aggressive Hybrid Fu
Excess Returns Excess Returns Excess Returns Excess Returns
0.35% -2.97% -1.41% -8.97%
43.66% 41.55% 41.72% 37.22%
-3.47% -3.33% -0.17% -2.01%
4.07% 3.37% -2.09% 2.18%
22.23% 20.91% 14.27% 22.52%
-8.11% -10.35% -7.34% -10.43%
2.66% -0.07% 2.84% 9.76%
9.68% 8.42% 8.41% 14.14%
21.01% 19.16% 19.32% 19.83%
2.83% -7.72% 2.23% -8.45%
0.61 0.43 0.54 0.48
HSBC Aggressive Hybrid SBI Equity Hybrid LIC MF Aggressive HybridBenchmark(65% UTI +35% SBI Constant)
Excess Returns Excess Returns Excess Returns Excess Returns
1.20% 3.13% -1.66% -1.55%
37.21% 35.56% 26.73% 16.95%
3.38% 0.37% -13.88% -6.14%
-1.17% -1.81% -0.62% 0.76%
22.52% 22.40% 15.31% 15.01%
-9.35% -5.55% -9.69% 0.21%
2.34% 8.61% 9.15% 7.75%
10.74% 9.70% 6.77% 10.28%
18.78% 18.75% 11.69% 12.06%
-9.51% -3.76% -7.82% -2.58%
0.51 0.66 0.28 0.65
5% UTI +35% SBI Constant)
 Sundaram Equity SaviHDFC Equity Savings PGIM India Equity SaTata Equity Savings
Year Excess Returns
2013 -6.69% -1.38% -2.79% -2.72%
2014 5.19% 7.75% 6.48% 8.40%
2015 -2.90% -4.91% 7.09% -4.60%
2016 -0.25% 8.73% -0.20% 3.02%
2017 9.19% 11.66% 6.69% 1.73%
2018 -3.71% -4.04% -4.04% -4.06%
2019 1.00% 0.96% 6.31% 3.25%
2020 11.97% 5.44% 2.10% 6.42%
2021 14.65% 12.92% 9.10% 7.38%
2022 -0.84% 0.23% -2.70% -2.40%
Sharpe Ratios 0.39 0.58 0.57 0.34

Portfolio Value Returns Excess Returns

1000000
1063644.44444444 6.36% -1.84%
1328707.4839691 24.92% 16.48%
1329234.04582386 0.04% -7.29%
1412719.79007972 6.28% -0.08%
1710617.06589983 21.09% 14.45%
1822896.90161048 6.56% -0.25%
2065194.01822572 13.29% 7.73%
2353239.99096778 13.95% 10.19%
2727505.82290025 15.90% 11.54%
2838790.97759311 4.08% -2.67%
Sharpe Ratio(adj for tax) 0.59
LIC MF Equity SavingsHSBC Equity Savings Custom portfolio( 65% UTI Nifty+35% SBI Constant)

-4.36% -4.48% -1.55%

6.59% 13.51% 16.95%
-1.92% -1.22% -6.14%
0.22% -1.15% 0.76%
-1.44% 8.13% 15.01%
-2.66% -6.61% 0.21%
3.04% -0.91% 7.75%
6.77% 7.83% 10.28%
6.15% 12.07% 12.06%
-2.89% -3.81% -2.58%
0.22 0.32 0.65
Year ICICI Multi Asset HDFC Multi Asset SBI Multi Asset UTI Multi Asset
Excess returns
2013 7.90% -1.15% -0.40% -12.00%
2014 29.39% 12.66% 9.40% 14.99%
2015 -8.08% -2.16% 3.33% -10.49%
2016 6.41% 2.97% 3.43% 1.35%
2017 22.73% 5.82% 5.32% 11.60%
2018 -7.67% -8.13% -5.04% -6.18%
2019 2.41% 3.86% 5.77% -0.73%
2020 6.66% 17.82% 10.76% 10.18%
2021 29.45% 14.63% 8.69% 7.48%
2022 10.86% -0.98% 0.21% -1.41%
Sharpe ratios 0.74 0.55 0.84 0.16

Benchmark for funds: S&P BSE 200 TRI (65), CRISIL Composite Bond Index (25), Dom
 Axis Multi Asset Quant Multi Asset Custom portfolio(65% Nifty ETF+25% SBI Gilt+ 10% Gold Bees)

-8.07% -1.69% -3.83%

9.76% -1.06% 15.73%
-6.82% 0.06% -7.86%
1.26% 6.36% 0.51%
10.98% -4.65% 14.65%
-3.89% -2.97% -0.14%
11.24% 5.85% 8.77%
15.72% 23.84% 11.76%
19.04% 50.96% 11.33%
-11.06% 8.53% -1.34%
0.35 0.50 0.59

RI (65), CRISIL Composite Bond Index (25), Domestic Price of Gold (10)
Year Invesco India Arbitrage SBI Arbitrage Nippon India Arbitrage
2013 0.32% 0.93% 1.77%
2014 0.76% 0.94% 0.27%
2015 -0.12% -0.34% 0.32%
2016 -1.09% -1.16% -0.92%
2017 -2.03% -2.42% -2.10%
2018 -1.69% -1.33% -0.80%
2019 -1.62% -1.70% -1.38%
2020 -3.36% -4.40% -3.31%
2021 -3.94% -3.63% -3.54%
2022 -2.35% -3.11% -3.26%
Sharpe ratio -0.99 -0.89 -0.73

SBI LIQUID FUND

ICICI Prudential Equity Kotak Equity Arbitrage HDFC Arbitrage Fund Bandhan Arbitrage Fund
2.11% 1.61% 0.23% 0.89%
0.90% 1.49% -0.09% 0.94%
-0.18% -0.18% -0.31% -0.31%
-0.68% -0.98% -0.96% -1.21%
-2.03% -1.86% -2.31% -2.05%
-1.35% -1.40% -2.02% -1.19%
-1.65% -1.57% -1.68% -1.31%
-3.58% -3.46% -4.08% -3.76%
-3.70% -3.53% -3.90% -3.84%
-3.41% -3.06% -3.47% -3.37%
-0.70 -0.70 -1.17 -0.87

2013 9.12%
2014 8.35%
2015 7.66%
2016 6.61%
2017 6.60%
2018 7.41%
2019 6.59%
2020 4.26%
2021 3.37%
2022 4.87%
ABSL Arbitrage Fund UTI Arbitrage Fund
1.66% -0.85%
0.47% 0.31%
-0.07% -0.08%
-0.96% -1.21%
-1.91% -2.01%
-1.55% -1.57%
-1.40% -1.49%
-3.64% -3.44%
-3.55% -3.62%
-3.40% -3.56%
-0.80 -1.24
 25% Index fund+75% Constant Maturity
10%
0.18%

Low Risk Aversion Utility (A = 2), Certainity Equivalent 9.82%

High Risk Aversion Utility (A = 4), Certainity Equivalent 9.64%

Risk Neutral Utility (A = 0), Certainity Equivalent 10.00%

Risk Lover Utility (A = -4), Certainity Equivalent 10.36%

65%Index+25%Const Mat+10% Nifty Bees 50% Index+ 50% constant mat
11.38% 11.06%
0.64% 0.39%

10.74% 10.67%

10.10% 10.28%

11.38% 11.06%

12.66% 11.84%
75% Index + 25 % Constant Maturity
11.70%
0.61%

11.09%

10.48%

11.70%

12.92%
Year Invesco BAF ABSL BAF ICICI Pru BAF
Original Return Excess Return Original Return2 Excess Return3 Original Return4
2013 18.96% 10.76% 5.82% -2.38% 11.34%
2014 27.15% 18.71% 28.78% 20.34% 30.01%
2015 7.35% 0.02% 3.94% -3.39% 8.11%
2016 4.12% -2.24% 16.52% 10.16% 8.50%
2017 32.58% 25.94% 16.70% 10.06% 20.59%
2018 -2.97% -9.78% 2.17% -4.64% 3.83%
2019 10.53% 4.97% 9.03% 3.47% 11.54%
2020 9.21% 5.45% 16.45% 12.69% 11.97%
2021 13.75% 9.39% 14.25% 9.89% 15.31%
2022 5.47% -1.28% 5.51% -1.24% 8.62%

0.59 0.66

At beginning Equity Debt Adj Equity

1000000 500000 500000 500000
Year 1 527700 543600 533963.636363636
705205.774545455 603218.72 651528.377416268
630418.857987981 712837.19773114 662886.688795892
688606.692321172 749989.99970367 712787.99522943
925127.539008277 759404.33011743 837904.797486781
882062.380314334 923873.82970892 898533.557348567
1021093.53457091 1012737.1724876 1016695.44926389
1173571.55708531 1133310.4172945 1152381.48351118
1427800.65807035 1181651.9731924 1298248.71866088
Year 10 1370171.69767469 1319539.9976469 1343523.43450218
ICICI Pru BAF Sundaram BAF HDFC BAF
Excess Return5 Original Return6 Excess Return7 Original Return8 Excess Return9
3.14% 4.82% -3.38% 1.66% -6.54%
21.57% 34.95% 26.51% 52.43% 43.99%
0.78% 4.19% -3.14% 0.60% -6.73%
2.14% 5.47% -0.89% 9.66% 3.30%
13.95% 14.72% 8.08% 29.45% 22.81%
-2.98% 4.77% -2.04% -1.70% -8.51%
5.98% 2.71% -2.85% 7.14% 1.58%
8.21% 11.33% 7.57% 7.88% 4.12%
10.95% 11.93% 7.57% 25.84% 21.48%
1.87% 7.43% 0.68% 19.56% 12.81%

0.90 0.41 0.53

Adj Debt Sale off Debt>Equity Tax

500000
533963.63636364 9636.36363636364 1 3372.72727272727
651528.37741627 53677.3971291866 0 5367.73971291866
662886.68879589 49950.5089352473 TRUE 17482.6781273366
712787.99522943 37202.0044742422 TRUE 13020.7015659848
837904.79748678 87222.7415214961 FALSE 8722.27415214961
898533.55734857 25340.2723603579 TRUE 8869.09532612525
1016695.4492639 4398.08530702195 FALSE 439.808530702195
1152381.4835112 21190.0735741316 FALSE 2119.00735741316
1298248.7186609 129551.939409467 FALSE 12955.1939409467
1343523.4345022 26648.2631725127 FALSE 2664.82631725127
 NIPPON BAF Edelweiss BAF HSBC BAF
Original Return10 Excess Return11 Original Return12 Excess Return13 Original Return14
2.76% -5.44% 8.41% 0.21% 7.51%
39.33% 30.89% 29.59% 21.15% 50.76%
1.12% -6.21% 4.30% -3.03% 4.41%
6.13% -0.23% -0.96% -7.32% 2.89%
26.00% 19.36% 24.89% 18.25% 12.74%
2.36% -4.45% 3.25% -3.56% 4.54%
9.51% 3.95% 9.47% 3.91% 9.53%
12.39% 8.63% 24.19% 20.43% 13.50%
16.66% 12.30% 19.56% 15.20% 9.41%
6.54% -0.21% 3.53% -3.22% 3.19%

0.48 0.55

Cashflow Portfolio Value

-1000000
-3372.7272727273
-5367.7397129187
-17482.678127337
-13020.701565985
-8722.2741521496
-8869.0953261252
-439.80853070219
-2119.0073574132
-12955.193940947
2315855.52637772
8% 1000000
1067927.27272727
1303056.75483254
1325773.37759178
1425575.99045886
1675809.59497356
1797067.11469713
2033390.89852778
2304762.96702235
2596497.43732176
2687046.86900436
HSBC BAF Custom benchmark 50% UTI Nifty+50% SBI Constant
Excess Return15
-0.69% 7.13% -1.07%
42.32% 22.52% 14.08%
-2.92% 3.09% -4.25%
-3.47% 8.51% 2.15%
6.10% 18.17% 11.53%
-2.27% 7.77% 0.96%
3.97% 13.17% 7.61%
9.74% 13.45% 9.69%
5.05% 13.22% 8.86%
-3.56% 3.59% -3.16%

0.39 11.06% 0.71

0.39%

Returns

6.79% -1.41%
22.02% 13.58%
1.74% -5.59%
7.53% 1.17%
17.55% 10.91%
7.24% 0.43%
13.15% 7.59%
13.35% 9.59%
12.66% 8.30%
3.49% -3.26%

0.62
% SBI Constant
Year Sundaram Equity Savi
HDFC Equity SavingsPGIM India Equity
Tata Equity Savings FundLIC MF Equity Savings
2013 1.51% -6.69% 6.82% -1.38% 5.41% -2.79% 5.48% -2.72% 3.84% -4.36%
2014 13.63% 5.19% 16.19% 7.75% 14.92% 6.48% 16.84% 8.40% 15.03% 6.59%
2015 4.43% -2.90% 2.42% -4.91% 14.42% 7.09% 2.73% -4.60% 5.41% -1.92%
2016 6.11% -0.25% 15.09% 8.73% 6.16% -0.20% 9.38% 3.02% 6.58% 0.22%
2017 15.83% 9.19% 18.30% 11.66% 13.33% 6.69% 8.37% 1.73% 5.20% -1.44%
2018 3.10% -3.71% 2.77% -4.04% 2.77% -4.04% 2.75% -4.06% 4.15% -2.66%
2019 6.56% 1.00% 6.52% 0.96% 11.87% 6.31% 8.81% 3.25% 8.60% 3.04%
2020 15.73% 11.97% 9.20% 5.44% 5.86% 2.10% 10.18% 6.42% 10.53% 6.77%
2021 19.01% 14.65% 17.28% 12.92% 13.46% 9.10% 11.74% 7.38% 10.51% 6.15%
2022 5.91% -0.84% 6.98% 0.23% 4.05% -2.70% 4.35% -2.40% 3.86% -2.89%

0.39 0.58 0.57 0.34 0.22

At beginniEquity Debt Adj EquiAdj DebtSale off Debt>Equity Tax

1000000 650000 350000 650000 350000
Year 1 686010 380520 691369 372276 8244.444 1 2885.556
913091 420560 863660 465048 49431.03 FALSE 4943.103
835677 508809 864002 465232 43576.68 TRUE 15251.84
897525 526363 918268 494452 31911.46 TRUE 11169.01
1191820 526789 1E+06 598716 79918.77 FALSE 7991.877
1170498 660144 1E+06 638014 22130.32 TRUE 7745.611
1346501 719105 1E+06 722818 4124.913 FALSE 412.4913
1549505 805725 2E+06 823634 19898.75 FALSE 1989.875
1895182 844554 2E+06 954627 122303 FALSE 12230.3
Year 10 1871096 970283 2E+06 993577 25882.13 FALSE 2588.213
HSBC Equity Savings FCustom benchmark 65% UTI Nifty+35% SBI Constant
3.72% -4.48% 6.65% -1.55%
21.95% 13.51% 25.39% 16.95%
6.11% -1.22% 1.19% -6.14%
5.21% -1.15% 7.12% 0.76%
14.77% 8.13% 21.65% 15.01%
0.20% -6.61% 7.02% 0.21%
4.65% -0.91% 13.31% 7.75%
11.59% 7.83% 14.04% 10.28%
16.43% 12.07% 16.42% 12.06%
2.94% -3.81% 4.18% -2.58%
11.70%
0.32 0.61% 0.65

Cashflow Portfolio VReturns

-1000000 9% 1000000
-2885.556 1063644 6.36% -1.84%
-4943.103 1328707 24.92% 16.48%
-15251.84 1329234 0.04% -7.29%
-11169 1412720 6.28% -0.08%
-7991.877 1710617 21.09% 14.45%
-7745.611 1822897 6.56% -0.25%
-412.4913 2065194 13.29% 7.73%
-1989.875 2353240 13.95% 10.19%
-12230.3 2727506 15.90% 11.54%
2502171 2838791 4.08% -2.67%

0.59
Year ICICI Multi-Asset Fund Excess return HDFC Multi-Asset
2013 16.10% 7.90% 7.05% -1.15%
2014 37.83% 29.39% 21.10% 12.66%
2015 -0.75% -8.08% 5.17% -2.16%
2016 12.77% 6.41% 9.33% 2.97%
2017 29.37% 22.73% 12.46% 5.82%
2018 -0.86% -7.67% -1.32% -8.13%
2019 7.97% 2.41% 9.42% 3.86%
2020 10.42% 6.66% 21.58% 17.82%
2021 33.81% 29.45% 18.99% 14.63%
2022 17.61% 10.86% 5.77% -0.98%
Sharpe ratios 0.74 0.55
NIFTY 50 TRI (65), NIFTY Composite Debt Index (25
NIFTY 50 TRI (65), NIFTY Composite Debt Inde
SBI Multi Asset
7.80% -0.40%
17.84% 9.40%
10.66% 3.33%
9.79% 3.43%
11.96% 5.32%
1.77% -5.04%
11.33% 5.77%
14.52% 10.76%
13.05% 8.69%
6.96% 0.21%
0.84
CRISIL 10-Year Gilt (45), NIFTY 50 TRI (40), Domestic Price of Gold (15)
UTI Multi Asset Fund Axis Multi Asset Fund
-3.80% -12.00% 0.13% -8.07%
23.43% 14.99% 18.20% 9.76%
-3.16% -10.49% 0.51% -6.82%
7.71% 1.35% 7.62% 1.26%
18.24% 11.60% 17.62% 10.98%
0.63% -6.18% 2.92% -3.89%
4.83% -0.73% 16.80% 11.24%
13.94% 10.18% 19.48% 15.72%
11.84% 7.48% 23.40% 19.04%
5.34% -1.41% -4.31% -11.06%
0.16 0.35
NIFTY 500 TRI (65), NIFTY Composite Debt Index (20), Dome
S&P BSE 200 TRI (65), CRISIL Composite Bond Index (25),
Quant Multi Asset Fund Benchmark
6.51% -1.69% 4.37% -3.83%
7.38% -1.06% 24.17% 15.73%
7.39% 0.06% -0.53% -7.86%
12.72% 6.36% 6.87% 0.51%
1.99% -4.65% 21.29% 14.65%
3.84% -2.97% 6.67% -0.14%
11.41% 5.85% 14.33% 8.77%
27.60% 23.84% 15.52% 11.76%
55.32% 50.96% 15.69% 11.33%
15.28% 8.53% 5.41% -1.34%
0.50 11.38% 0.59
S&P BSE 200 TRI (65), MCX I-COMDEX Composite Index (20), CRISIL Short-Term Bond Index (15)
0.64%
Year ICICI Prudential EquEdelweiss AggressivUTI Hybrid Equity FundQuant Absolute Fund
Franklin India Equit
2013 11.11% 2.91% 16.88% 8.68% 5.90% -2.30% 0.08% -8.12% 6.61%
2014 46.49% 38.05% 38.95% 30.51% 33.18% 24.74% 56.47% 48.03% 47.77%
2015 3.00% -4.33% 2.30% -5.03% 2.70% -4.63% 3.87% -3.46% 6.04%
2016 14.83% 8.47% 0.25% -6.11% 9.12% 2.76% 4.66% -1.70% 8.78%
2017 26.56% 19.92% 26.76% 20.12% 26.59% 19.95% 23.80% 17.16% 22.76%
2018 -0.45% -7.26% 1.53% -5.28% -4.83% -11.64% -0.46% -7.27% 0.01%
2019 9.66% 4.10% 12.05% 6.49% 3.11% -2.45% 7.25% 1.69% 9.24%
2020 9.32% 5.56% 14.20% 10.44% 13.76% 10.00% 37.25% 33.49% 14.76%
2021 40.90% 36.54% 28.23% 23.87% 29.77% 25.41% 42.67% 38.31% 23.68%
2022 12.32% 5.57% 7.44% 0.69% 6.29% -0.46% 15.26% 8.51% 5.76%

0.70 0.65 0.47 0.62

At beginniEquity Debt Adj Equity Adj Debt Sale off Debt>EquiTax
1000000 650000 350000 650000 350000
Year 1 686010 380520 691368.89 372275.56 8244.444 1 2885.556
913091 420560 863659.86 465047.62 49431 FALSE 4943.103
835677 508809 864002.13 465231.92 43576.68 TRUE 15251.84
897525 526363 918267.86 494451.93 31911.46 TRUE 11169
1191820 526789 1111901 598716 79918.77 FALSE 7991.877
1170498 660144 1184883 638013.92 22130.32 TRUE 7745.611
1346501 719105 1342376 722817.91 4124.913 FALSE 412.4913
1549505 805725 1529606 823634 19898.75 FALSE 1989.875
1895182 844554 1772879 954627 122303 FALSE 12230.3
Year 10 1871096 970283 1845214 993576.84 25882.13 FALSE 2588.213
Franklin India Equit Sundaram Aggressive
JM Equity Hybrid FuNippon India EquityPGIM India Hybrid Equity Fund -Shriram Aggressive Hy
-1.59% 6.79% -1.41% 11.78% 3.58% 3.12% -5.08% 7.52% -0.68% 1.78%
39.33% 35.80% 27.36% 34.45% 26.01% 44.10% 35.66% 40.32% 31.88% 27.41%
-1.29% 3.65% -3.68% 1.32% -6.01% 9.11% 1.78% 2.12% -5.21% 0.53%
2.42% 10.56% 4.20% 3.67% -2.69% 5.42% -0.94% 3.63% -2.73% 1.55%
16.12% 38.19% 31.55% 18.55% 11.91% 31.54% 24.90% 20.18% 13.54% 24.40%
-6.80% -0.30% -7.11% 3.14% -3.67% -3.11% -9.92% -2.17% -8.98% 2.40%
3.68% 3.64% -1.92% -6.54% -12.10% 3.36% -2.20% 11.98% 6.42% 10.20%
11.00% 17.44% 13.68% 31.78% 28.02% -4.76% -8.52% 12.96% 9.20% 14.24%
19.32% 25.65% 21.29% 22.37% 18.01% 27.45% 23.09% 23.37% 19.01% 15.74%
-0.99% 4.27% -2.48% 9.13% 2.38% 7.41% 0.66% -2.30% -9.05% 3.16%

0.59 0.57 0.47 0.37 0.40

Cashflow Portfolio Returns
-1000000 9% 1000000
-2885.56 1063644 6.36% -1.84%
-4943.1 1328707 24.92% 16.48%
-15251.8 1329234 0.04% -7.29%
-11169 1412720 6.28% -0.08%
-7991.88 1710617 21.09% 14.45%
-7745.61 1822897 6.56% -0.25%
-412.491 2065194 13.29% 7.73%
-1989.88 2353240 13.95% 10.19%
-12230.3 2727506 15.90% 11.54%
2502171 2838791 4.08% -2.67%

0.59
Shriram Aggressive HyCanara Robeco EquityHDFC Hybrid Equity Fu
Aditya Birla Sun Life Tata Hybrid Equity FuDSP Equity & Bond Fu
-6.42% 3.04% -5.16% 8.55% 0.35% 5.23% -2.97% 6.79% -1.41% -0.77%
18.97% 45.71% 37.27% 52.10% 43.66% 49.99% 41.55% 50.16% 41.72% 45.66%
-6.80% 6.33% -1.00% 3.86% -3.47% 4.00% -3.33% 7.16% -0.17% 5.32%
-4.81% 4.07% -2.29% 10.43% 4.07% 9.73% 3.37% 4.27% -2.09% 8.54%
17.76% 26.83% 20.19% 28.87% 22.23% 27.55% 20.91% 20.91% 14.27% 29.16%
-4.41% 3.02% -3.79% -1.30% -8.11% -3.54% -10.35% -0.53% -7.34% -3.62%
4.64% 13.05% 7.49% 8.22% 2.66% 5.49% -0.07% 8.40% 2.84% 15.32%
10.48% 20.84% 17.08% 13.44% 9.68% 12.18% 8.42% 12.17% 8.41% 17.90%
11.38% 22.98% 18.62% 25.37% 21.01% 23.52% 19.16% 23.68% 19.32% 24.19%
-3.59% 2.60% -4.15% 9.58% 2.83% -0.97% -7.72% 8.98% 2.23% -1.70%

0.36 0.59 0.61 0.43 0.54

DSP Equity & Bond FuHSBC Aggressive HybrSBI Equity Hybrid FunLIC MF Aggressive Hyb
Benchmark
-8.97% 9.40% 1.20% 11.33% 3.13% 6.54% -1.66% 6.65% -1.55%
37.22% 45.65% 37.21% 44.00% 35.56% 35.17% 26.73% 25.39% 16.95%
-2.01% 10.71% 3.38% 7.70% 0.37% -6.55% -13.88% 1.19% -6.14%
2.18% 5.19% -1.17% 4.55% -1.81% 5.74% -0.62% 7.12% 0.76%
22.52% 29.16% 22.52% 29.04% 22.40% 21.95% 15.31% 21.65% 15.01%
-10.43% -2.54% -9.35% 1.26% -5.55% -2.88% -9.69% 7.02% 0.21%
9.76% 7.90% 2.34% 14.17% 8.61% 14.71% 9.15% 13.31% 7.75%
14.14% 14.50% 10.74% 13.46% 9.70% 10.53% 6.77% 14.04% 10.28%
19.83% 23.14% 18.78% 23.11% 18.75% 16.05% 11.69% 16.42% 12.06%
-8.45% -2.76% -9.51% 2.99% -3.76% -1.07% -7.82% 4.18% -2.58%

0.48 0.51 0.66 0.28 11.70% 0.65

0.61%
 Kotak Debt Hybrid FunHDFC Hybrid Debt Fund
SBI Conservative HybrFranklin India Debt Hybrid
ICICI Prudential
Fund - Direct
Regu
- Growth
2013 4.38% -3.82% 3.54% -4.66% 3.64% -4.56% 6.25% -1.95% 5.62%
2014 20.52% 12.08% 25.32% 16.88% 18.66% 10.22% 23.08% 14.64% 23.31%
2015 6.35% -0.98% 4.27% -3.06% 9.22% 1.89% 6.76% -0.57% 7.37%
2016 14.16% 7.80% 13.29% 6.93% 13.50% 7.14% 10.25% 3.89% 11.47%
2017 11.56% 4.92% 11.49% 4.85% 9.47% 2.83% 9.95% 3.31% 13.90%
2018 1.28% -5.53% 1.19% -5.62% 0.77% -6.04% 2.89% -3.92% 5.93%
2019 12.43% 6.87% 6.90% 1.34% 8.81% 3.25% 9.27% 3.71% 10.23%
2020 14.70% 10.94% 10.36% 6.60% 14.11% 10.35% 7.92% 4.16% 11.57%
2021 14.13% 9.77% 13.46% 9.10% 13.95% 9.59% 8.47% 4.11% 10.62%
2022 5.71% -1.04% 6.49% -0.26% 5.09% -1.66% 4.82% -1.93% 5.93%

0.64 0.46 0.55 0.49

At beginni Equity Debt Adj Equity Adj Debt Sale off Debt>EquitTax
1000000 250000 750000 250000 750000
Year 1 263850 815400 269105.1 807315.3 8084.746 1 2829.661
355407.1 912024 315869.3 947608 39537.75 FALSE 3953.775
305635.2 1036778 332047.7 996143.2 40634.72 TRUE 14222.15
344931.2 1127036 365255.9 1095768 31268.77 TRUE 10944.07
474065.6 1167431 408741 1226223 65324.61 FALSE 6532.461
430281.7 1352034 443763.9 1331292 20741.87 TRUE 7259.656
504293.3 1500499 501118.6 1503356 3174.618 FALSE 317.4618
578441.3 1675791 563176.4 1689529 15264.85 FALSE 1526.485
697775.6 1732443 605241.4 1815724 92534.22 FALSE 9253.422
Year 10 638771.7 1845502 620614.5 1861843 18157.24 FALSE 1815.724
ICICI Prudential Regu Canara Robeco Conserv
Baroda BNP Paribas Co
UTI Regular Savings F Axis Regular Saver Fu Navi Regular Savings
-2.58% 6.75% -1.45% 6.28% -1.92% 6.90% -1.30% 5.66% -2.54% 8.50%
14.87% 20.64% 12.20% 18.19% 9.75% 21.62% 13.18% 22.85% 14.41% 14.27%
0.04% 7.02% -0.31% 7.31% -0.02% 7.70% 0.37% 7.64% 0.31% 8.41%
5.11% 6.97% 0.61% 11.32% 4.96% 9.55% 3.19% 5.62% -0.74% 9.66%
7.26% 10.21% 3.57% 13.13% 6.49% 13.36% 6.72% 13.58% 6.94% 9.43%
-0.88% 4.36% -2.45% 4.63% -2.18% 4.25% -2.56% 4.49% -2.32% 5.04%
4.67% 11.77% 6.21% 10.02% 4.46% 3.59% -1.97% 2.93% -2.63% 8.64%
7.81% 14.91% 11.15% 10.29% 6.53% 10.65% 6.89% 14.78% 11.02% 6.79%
6.26% 11.02% 6.66% 8.05% 3.69% 13.31% 8.95% 11.51% 7.15% 7.55%
-0.82% 3.89% -2.86% 4.06% -2.69% 3.91% -2.84% 1.86% -4.89% 4.75%

0.78 0.60 0.67 0.55 0.40

Cashflow Portfolio VReturns
-1000000 7% 1000000
-2829.661 1076420 7.64% -0.56%
-3953.775 1263477 17.38% 8.94%
-14222.15 1328191 5.12% -2.21%
-10944.07 1461024 10.00% 3.64%
-6532.461 1634964 11.91% 5.27%
-7259.656 1775056 8.57% 1.76%
-317.4618 2004475 12.92% 7.36%
-1526.485 2252706 12.38% 8.62%
-9253.422 2420965 7.47% 3.11%
2061971 2482458 2.54% -4.21%

0.70
Navi Regular Savings Custom benchmark 25% UTI Nifty+75% SBI Constant
0.30% 7.93% -0.28%
5.83% 17.75% 9.31%
1.08% 6.25% -1.08%
3.30% 10.83% 4.47%
2.79% 12.35% 5.71%
-1.77% 9.01% 2.20%
3.08% 12.94% 7.38%
3.03% 12.46% 8.70%
3.19% 7.88% 3.52%
-2.00% 2.61% -4.14%
10.00%
0.77 0.18% 0.81
4.21%