short term
Content
Short Term Funds
On The Basis Of Snapshot
Launch Date Jan-2003 Feb-2002 Oct-2001
Category
Rating
Risk Grade Above Avg. Above Avg. High
Return Grade Above Avg. High Avg.
Fund Name
1 Year Return 6.12 6.24 5.72
Debt: Shortterm Debt: Shortterm Debt: Shortterm Debt: Shortterm Debt: Shortterm Debt: Shortterm
Jun-2002 Apr-2002 Dec-2002
Avg. Avg. Avg.
Avg. Above Avg. Above Avg.
DWS Short Maturity Reg HDFC Shortterm ICICI Prudential Short-term JM Short-term Reg Kotak Bond Short-term Reliance Short-term
Expe nse Ratio 1.80 0.25 1.25
5.69 6.42 6.00
0.88 1.61 0.64
On the basis of risk & volatility
Fund Name DWS Short Maturity Reg HDFC Short-term ICICI Prudential Short-term JM Short-term Reg Kotak Bond Shortterm Reliance Short-term
Fund Risk Grade Above Avg. Above Avg. High Avg. Avg. Avg.
Standard Deviation 3.14 2.53 3.73 2.99 2.28 2.40
Beta -0.04 0.08 0.13 -0.06 -0.04 0.01
Alpha 6.72 6.70 6.01 3.63 6.54 6.50
RSquared 0.00 0.00 0.01 0.00 0.00 0.00
On the basis of nav s
Fund Name
NAV
As on
DWS Short Maturity Reg-G HDFC Short Term Plan-G ICICI Pru Shortterm-G JM Short Term RegG Kotak Bond Shortterm-G Reliance Shortterm-G
16.84 18.21 19.31 18.27 18.03 17.63
Jun 16, 2010 Jun 16, 2010 Jun 16, 2010 Jun 16, 2010 Jun 16, 2010 Jun 16, 2010
Chg. from previous 0.00 0.01 0.00 0.00 0.00 0.00
52 Weeks High 16.84 18.21 19.32 18.27 18.03 17.63
As on
52 Weeks Low 15.87 17.14 18.27 17.29 16.94 16.63
As On
Jun 16, 2010 Jun 8, 2010 Jun 7, 2010 Jun 16, 2010 Jun 14, 2010 Jun 8, 2010
Jun 17, 2009 Jun 17, 2009 Jun 17, 2009 Jun 17, 2009 Jun 17, 2009 Jun 17, 2009
Interpretation of Short Term Funds
On the basis of return rate Kotak heads the first position with the highest return rate of 6.42% where as Reliance seek 4th position with 6.00% return and JM heads 6th position. On the basis of ratings Reliance heads the first position with four rating star. These rating stars are given by either Crisil or ICRA. The more the ratings star the more better the performance of the funds, so it tells us in short term fund reliance is doing well as compared to others. Higher the expense ratio, the more the company has to expend. So DWS short maturity has the highest expense ratio of 1.80 followed by Kotak bond with 1.61 and reliance having the 2nd least expense ratio which is 0.64. So the company has very low expense which is very good for the company and Reliance can easily more work on marketing strategy. The standard deviation of reliance is quite low which is only 2.40 which is a good sign and shows that the fund is able to generate stable and avg. returns over the year, whereas the standard deviation for ICICI prudential is high which is 3.73 and is not able to generate good returns.
The entire fund has equal R-square, this shows that all funds are equally affected by factors other than market condition. Beta is the statistical measure of portfolio sensitivity to market movement, if the beta is higher than it shows the fund is very sensitive to market and vice-versa. So here only HDFC, ICICI and reliance have the positive value whereas all the other funds have negative value. Alpha coefficient measures risk adjusted performance due to the specific security rather than the overall market. A high value for alpha implies that the stock or mutual fund has performed better. So here we see alpha value for DWS is highest with 6.72 and reliance with the 3rd lowest value of 6.50.So this shows that DWS has perfumed much better than the others funds and Reliance performed quite well. As this is the open ended scheme so there is neither the entry load nor the exit load for any funds.
The NAV of the fund differs because of the launch date and the risk and return provided by the fund company.
On The Basis Of Snapshot
Launch Date Jan-2003 Feb-2002 Oct-2001
Category
Rating
Risk Grade Above Avg. Above Avg. High
Return Grade Above Avg. High Avg.
Fund Name
1 Year Return 6.12 6.24 5.72
Debt: Shortterm Debt: Shortterm Debt: Shortterm Debt: Shortterm Debt: Shortterm Debt: Shortterm
Jun-2002 Apr-2002 Dec-2002
Avg. Avg. Avg.
Avg. Above Avg. Above Avg.
DWS Short Maturity Reg HDFC Shortterm ICICI Prudential Short-term JM Short-term Reg Kotak Bond Short-term Reliance Short-term
Expe nse Ratio 1.80 0.25 1.25
5.69 6.42 6.00
0.88 1.61 0.64
On the basis of risk & volatility
Fund Name DWS Short Maturity Reg HDFC Short-term ICICI Prudential Short-term JM Short-term Reg Kotak Bond Shortterm Reliance Short-term
Fund Risk Grade Above Avg. Above Avg. High Avg. Avg. Avg.
Standard Deviation 3.14 2.53 3.73 2.99 2.28 2.40
Beta -0.04 0.08 0.13 -0.06 -0.04 0.01
Alpha 6.72 6.70 6.01 3.63 6.54 6.50
RSquared 0.00 0.00 0.01 0.00 0.00 0.00
On the basis of nav s
Fund Name
NAV
As on
DWS Short Maturity Reg-G HDFC Short Term Plan-G ICICI Pru Shortterm-G JM Short Term RegG Kotak Bond Shortterm-G Reliance Shortterm-G
16.84 18.21 19.31 18.27 18.03 17.63
Jun 16, 2010 Jun 16, 2010 Jun 16, 2010 Jun 16, 2010 Jun 16, 2010 Jun 16, 2010
Chg. from previous 0.00 0.01 0.00 0.00 0.00 0.00
52 Weeks High 16.84 18.21 19.32 18.27 18.03 17.63
As on
52 Weeks Low 15.87 17.14 18.27 17.29 16.94 16.63
As On
Jun 16, 2010 Jun 8, 2010 Jun 7, 2010 Jun 16, 2010 Jun 14, 2010 Jun 8, 2010
Jun 17, 2009 Jun 17, 2009 Jun 17, 2009 Jun 17, 2009 Jun 17, 2009 Jun 17, 2009
Interpretation of Short Term Funds
On the basis of return rate Kotak heads the first position with the highest return rate of 6.42% where as Reliance seek 4th position with 6.00% return and JM heads 6th position. On the basis of ratings Reliance heads the first position with four rating star. These rating stars are given by either Crisil or ICRA. The more the ratings star the more better the performance of the funds, so it tells us in short term fund reliance is doing well as compared to others. Higher the expense ratio, the more the company has to expend. So DWS short maturity has the highest expense ratio of 1.80 followed by Kotak bond with 1.61 and reliance having the 2nd least expense ratio which is 0.64. So the company has very low expense which is very good for the company and Reliance can easily more work on marketing strategy. The standard deviation of reliance is quite low which is only 2.40 which is a good sign and shows that the fund is able to generate stable and avg. returns over the year, whereas the standard deviation for ICICI prudential is high which is 3.73 and is not able to generate good returns.
The entire fund has equal R-square, this shows that all funds are equally affected by factors other than market condition. Beta is the statistical measure of portfolio sensitivity to market movement, if the beta is higher than it shows the fund is very sensitive to market and vice-versa. So here only HDFC, ICICI and reliance have the positive value whereas all the other funds have negative value. Alpha coefficient measures risk adjusted performance due to the specific security rather than the overall market. A high value for alpha implies that the stock or mutual fund has performed better. So here we see alpha value for DWS is highest with 6.72 and reliance with the 3rd lowest value of 6.50.So this shows that DWS has perfumed much better than the others funds and Reliance performed quite well. As this is the open ended scheme so there is neither the entry load nor the exit load for any funds.
The NAV of the fund differs because of the launch date and the risk and return provided by the fund company.
