FINANCIAL PERSPECTIVE

OF MUTUAL FUNDS
INC
GUNTUR
PUTTU GURU PRASAD

SAMPLE SIZE





The sample consists of various mutual fund
schemes of four companies.
These companies are
ING Mutual funds
Kotak Mahindra Mutual Funds
Reliance Mutual Funds
Standard chartered Mutual Funds

schemes are bifurcated
into four parts




Balanced Fund Plan
Income Fund Plan
Liquid Fund Plan
Equity Fund Plan
Top Most NAV Funds

Data Source

Data regarding NAV’s have been collected
through AMFI web site on monthly basis for
the last one year for the time period ranging
from JAN 2007 to DEC 2007.

BALANCED FUNDS
JAN TO DEC 2007

MONTH

ING BALANCED FUND
NAV (Rs)

KOTAK BALANCED
FUND NAV (Rs)

RELIANCE BALANCED
FUND NAV (Rs)

STANDARD CHARTED
BANK BALANCED
FUND
NAV
(Rs)

JAN

18.59

24.08

38.73

11.38

FEB

17.82

22.74

35.48

11.44

MAR

18.05

22.83

35.87

11.51

APR

18.76

23.83

38.31

11.60

MAY

19.19

24.86

43.19

11.69

JUN

19.48

25.36

45.83

11.75

JUL

19.96

26.41

49.14

11.83

AUG

20.09

26.00

48.79

11.90

SEP

21.52

26.30

55.47

11.97

OCT

24.57

29.98

57.28

12.05

NOV

25.28

30.68

61.43

12.13

DEC

26.69

33.26

66.25

12.21

13.00

19.63

45.58

2.14

Simple return

INCOME FUNDS
JAN TO DEC 2007

Month

ING INCOME FUND
NAV(Rs)

KOTAK INCOME FUND
NAV (Rs)

RELIANCE INCOME
FUND NAV (Rs)

STANDARD CHARTERED
INCOME FUND
NAV(Rs)

JAN

13.13

13.16

23.22

14.67

FEB

13.18

12.96

23.12

14.65

MAR

13.27

12.98

23.16

14.83

APR

13.35

13.14

23.25

14.93

MAY

13.48

13.33

23.39

15.10

JUN

13.59

13.40

23.51

15.21

JUL

13.77

13.68

24.13

15.53

AUG

13.84

13.51

24.00

15.53

SEP

13.95

13.87

24.21

15.60

OCT

14.09

14.45

24.70

15.75

NOV

14.19

14.58

24.90

15.81

DEC

14.29

14.98

25.33

15.94

4.41

4.40

16.69

6.35

SIMPLE RETURN

LIQUID FUNDS
JAN TO DEC 2007

MONTH

ING LIQUID FUND NAV
(Rs)

KOTAK LIQUID FUND
NAV (Rs)

RELIANCE LIQUID FUND
NAV (Rs)

STANDARD LIQUID
FUND NAV (Rs)

JAN

11.62

14.85

18.01

10.64

FEB

11.69

14.93

18.11

10.69

MAR

11.78

15.03

18.23

10.77

APR

11.86

15.13

18.37

10.83

MAY

11.95

15.24

18.50

10.88

JUN

12.01

15.31

18.60

10.91

JUL

12.07

15.40

18.70

10.94

AUG

12.15

15.49

18.82

10.98

SEP

12.22

15.58

18.94

11.03

OCT

12.30

15.67

19.06

11.07

NOV

12.38

15.77

19.18

11.13

DEC

12.47

15.87

19.31

11.20

2.45

6.43

10.38

1.11

SIMPLE RETURN

EQUITY FUNDS
JAN TO DEC 2007

MONTH

ING EQUITY FUND NAV
(Rs)

KOTAK EQUITY FUND
NAV (Rs)

STANDARD CHARTERD
EQUITY FUND NAV
(Rs)

RELEIANCE EQUITY
FUND NAV (Rs)

JAN

32.69

26.03

11.77

12.21

FEB

30.52

23.98

10.94

11.47

MAR

30.67

24.13

11.04

11.40

APR

32.26

25.74

12.35

12.06

MAY

33.43

27.15

12.75

12.54

JUN

29.02

27.75

13.33

12.78

JUL

29.19

29.24

13.12

13.05

AUG

28.51

28.65

14.47

13.42

SEP

30.53

31.48

16.35

15.16

OCT

32.42

35.79

16.56

17.46

NOV

34.15

36.37

16.56

17.20

DEC

37.32

39.27

17.77

18.29

26.07

23.56

4.70

4.70

SIMLE RETURN

TOP NAV FUNDS
JAN TO DEC 2007

MONTH

ING Select Stocks
Fund-Growth
Option

KOTAKOTAK GOLD ETF

Reliance Gold Exchange
Traded FundDividend Payout
Option

Standard Chartered Liquidity
Manager Plus-A-Growth

JAN

27.91

NA

NA

1060.08

FEB

25.82

NA

NA

1066.62

MAR

25.61

NA

NA

1074.36

APR

27.32

NA

NA

1081.96

MAY

28.98

NA

NA

1089.69

JUN

29.73

NA

NA

1095.24

JUL

31.26

880.00

NA

1100.93

AUG

30.63

896.80

NA

1107.75

SEP

34.00

959.22

NA

1114.64

OCT

40.40

1005.79

1022.61

1121.56

NOV

40.95

1028.85

1022.61

1128.67

DEC

44.01

1074.31

1065.89

1136.34

7.33

-0.16

0.11

1.18

SIMPLE RETURN

Conclusion

Among all the four BALANCE funds the
Reliance Fund is giving very good return on
the investment. The Standard Charted fund is
a loss making fund.
Among all the INCOME funds the Reliance is
doing very good with returns, other funds are
not up to the mark. They are not satisfying
the minimum rate of return

Conclusion

In case of liquid funds, all except Reliance fund,
having the negative Sharpe ratio which indicates
risk free return is greater than the return generated
by these funds like ING, KOTAK, and Stan Chart.
Among all equity funds The ING Mutual fund is
doing very good with a return of 26%.Next is the
Kotak Fund with return of 23%, Where as all the
other funds are doing very low .

Conclusion

The Top Most NAV funds are not doing well, their
performance is not up to the levels of investors. The
ING Select Stocks Fund-Growth Option is having a
return of 7.33%, it is very narrow return compare to
the risk free return available in India. KOTAK GOLD
ETF is under negative returns. Reliance Gold
Exchange Traded Fund-Dividend Payout Option is
also not giving good returns. Standard Chartered
Liquidity Manager Plus-A-Growth, it is also not
paying good dividend to the investors.