DATE

1/6/2005

S&P CNX
NIFTY

RETURN (X)%

NAV

X2

RETURN (Y)%

Y2

XY

(Y-Y1)

71.78

2087.55

3/10/2005
1/2/2006

2630.05

25.9874

94.324

31.40708 26.57064

986.4045

816.1883

21.304313

2971.55

12.98454

112.483

19.25173 19.00433

370.629

249.9749

9.148968

2962.25

-0.31297

112.327

-0.13869 2.469948

0.019234

0.043405

-10.24144

3569.6

20.503

132.634

18.07847 14.76959

326.831

370.6627

7.975707

4137.2

15.90094

152.415

14.91397

15.5848

222.4266

237.1462

4.811213

4297.05

3.863724

161.903

6.225109

7.16371

38.75198

24.0521

-3.87765

5068.95

17.96349

184.165

13.75021 17.06215

189.0682

247.0017

3.647448

5317.25

4.89845

191.075

6.43697

14.07803

18.37933

-6.350689

4739.6

-10.8637

167.237

-12.4757 -10.5782

155.6438

135.5326

-22.57848

98.48394

2303.852

2098.981

94.764217

1/6/2006
3/10/2006
1/2/2007
1/6/2007
1/10/2007
1/2/2008

3.75207

2/6/2008

TOTAL

94.764217

90.92487772

Beta

Alfa

1.059

Standard Coefficien Sharpe

Deviation t of
ratio (SR)
determina
tion
-0.16
12
0.967
5.522

(Y-Y)2

453.8738
83.70362

10

104.8872
63.61191
23.14778
15.03618
13.30388
40.33126
509.7882
1307.684

63.51673 5.666667
Treynor Jensen
Ratio (TR Ratio (JR)

62.5722

-0.152

DATE

S&P CNX
NIFTY

1/6/2005

2087.55

3/10/2005

2630.05

1/2/2006

2971.55

1/6/2006

2962.25

3/10/2006

3569.6

1/2/2007

4137.2

1/6/2007

4297.05

1/10/2007

5068.95

1/2/2008

5317.25

2/6/2008

4739.6

TOTAL

RETURN (X)%

NAV

RETURN (Y)%

X2

Y2

XY

31.40708
19.25173
-0.13869
18.07847
14.91397
6.225109
13.75021
3.75207
-12.4757

675.3450367

986.404497

816.1883246

168.5983834

370.6290343

249.9749108

0.097948956

0.019234257

0.043404785

420.3728463

326.8309811

370.662744

252.8399337

222.4266143

237.1462216

14.92836514

38.75198302

24.05210495

322.68685

189.0682326

247.0016851

23.99481602

14.07803044

18.37932943

118.0199416

155.6438247

135.5326

94.76421703

1996.884122

2303.852432

2098.981325

71.78

25.987401
12.984544
-0.312968
20.502996
15.900941
3.8637243
17.963487
4.8984504
-10.8637

94.324
112.483
112.327
132.634
152.415
161.903
184.165
191.075
167.237

90.92487772

127.0413 20.205528
31.76032

Beta

Alfa

1.059

Beta

-0.16

Alfa

1.52104812

Beta

1.058712531

Standard
Deviation

Coefficient of
determinatio
n
12

Standard
Deviation

-0.16 12.77715793

Alfa

Standard
Deviation

-0.16 12.77715793

0.967

Coefficient of
determinatio
n
0.967

Coefficient of
determinatio
n
#NUM!

(Y-Y1)

(Y-Y)2

20.87771973

435.8791812

8.722370638

76.07974955

-10.66804507

113.8071857

7.549109884

56.98906004

4.384616345

19.22486049

-4.304248371

18.52655404

3.22085101

10.37388123

-6.777287293

45.93162306

-23.00508687

529.2340221

1306.046117

x-x1

15.88464
2.88178
-10.4157
10.40023
5.798177
-6.23904
7.860722
-5.20431
-20.9665
0

(x-x1)2

252.3217
8.304655
108.4875
108.1648
33.61886
38.92562
61.79096
27.08488
439.5926

(x-x1)(y-y1)

331.635
25.13595
111.1155
78.51249
25.42278
26.85438
25.31822
35.27113
482.3353

1078.291523 1141.600748

1.058713
Sharpe ratio Treynor
(SR)
Ratio (TR

Jensen
Ratio (JR)

0.961982 0.925409
5.522

62.5722

-0.152

0.920417
Sharpe ratio Treynor
(SR)
Ratio (TR

5.522

62.5722

Sharpe ratio Treynor

(SR)
Ratio (TR

Jensen
Ratio (JR)

-0.152

Jensen
Ratio (JR)

-56.4858
5.522

62.5722

-0.152

-24.6789

RETURN (Y)

X2

Y2

XY

(Y-Y1)

84.34

26.14418

26.57064

683.5182

679.4194

16.04141

12.98454

98.4

16.67062

19.00433

277.9095

216.4604

6.567858

2962.25

-0.31297

96.08

-2.35772

2.469948

5.55886

0.737892

-12.46048

3/10/2006

3569.6

20.503

111.36

15.90341

14.76959

252.9186

326.0676

5.800653

1/2/2007

4137.2

15.90094

129.21

16.02909

15.5848

256.9319

254.8777

5.926334

1/6/2007

4297.05

3.863724

132.97

2.909991

7.16371

8.46805

11.2434

-7.192768

1/10/2007

5068.95

17.96349

153.95

15.778

17.06215

248.9451

283.4278

5.675235

1/2/2008

5317.25

4.89845

159.08

3.332251

6.43697

11.10389

16.32286

-6.770509

2/6/2008

4739.6

-10.8637

139.97

-12.0128

-10.5782

144.3079

130.5037

-22.11558

82.397

98.48394

1889.662

1919.061

82.396999

DATE

S&P CNX
NIFTY

1/6/2005

2087.55

3/10/2005

2630.05

25.9874

1/2/2006

2971.55

1/6/2006

TOTAL

RETURN
(X)

NAV

66.86

90.92488

Beta

Alfa

Standard Coefficien
Deviation t of
determina
tion
-1.02 11.2713
0.9392

Alfa

Standard Coefficien
Deviation t of
determina
tion
-1.02 11.2713
0.9392

1.008

Beta

0.895756567

(Y-Y)2

257.3271
43.13677

155.2637

33.64758

35.12144

51.73592

32.20829
45.8398
489.099

1143.38

Sharpe
Treynor Jensen
ratio (SR) Ratio (TR Ratio (JR)
4.78116

53.4623

-1.0168

Sharpe
Treynor Jensen
ratio (SR) Ratio (TR Ratio (JR)

4.78116

53.4623

-1.0168

DATE
1/6/2005

S&P CNX
NIFTY

RETURN
(X)

2087.55

NAV

RETURN
(Y)

X2

Y2

XY

(Y-Y1)

28.7764
26.57064

3/10/2005

2630.05

25.9874

38.8002

34.83341

1213.366

905.2297

24.73064

2971.55

12.98454

44.1348

13.7489

19.00433

189.0322

178.5232

3.646138

2962.25

-0.31297

48.7833

10.5325

2.469948

110.9337

-3.29634

0.429745

3569.6

20.503

55.6132

14.00049

14.76959

196.0137

287.0519

3.897728

4137.2

15.90094

68.1413

22.52721

15.5848

507.475

358.2038

12.42445

4297.05

3.863724

70.0892

2.858619

7.16371

8.171701

11.04491

-7.24414

5068.95

17.96349

77.9361

11.19559

17.06215

125.3413

201.1118

1.092831

5317.25

4.89845

81.6861

4.811634

6.43697

23.15182

23.56955

-5.29113

4739.6

-10.8637

-10.5782

76.76543

95.18326

-18.8643

2450.251

2056.622

14.82191

1/2/2006

1/6/2006

3/10/2006
1/2/2007

1/6/2007

1/10/2007

1/2/2008

2/6/2008

TOTAL

74.5291

90.92488

-8.76159
105.7468

Beta

0.9173

Alfa

98.48394

Standard Coefficien Sharpe

Treynor
Deviation t of
ratio (SR) Ratio (TR
determina
tion
2.482
11.7
0.87065
6.6017
84.203

(Y-Y)2

611.6046
13.29432
0.184681
15.19228
154.3669
52.47758
1.194279
27.99601
355.8636
1232.174

Jensen
Ratio (JR)

2.705

DATE

S&P CNX
NIFTY

RETURNS

NAV

(X)

RETURNS

X2

Y2

XY

(Y-Y1)

(Y)

1/6/2005

2087.55

10.7207

3/10/2005

2630.05

25.9874

10.9312

1.963491

675.345

3.855298

51.02603

-8.13927

1/2/2006

2971.55

12.98454

11.0239

0.848031

168.5984

0.719157

11.0113

-9.25473

1/6/2006

2962.25

-0.31297

11.1885

1.493119

-0.097949

2.229406

-0.4673

-8.60964

3/10/2006

3569.6

20.503

11.3934

1.831345

420.3728

3.353823

37.54805

-8.27142

1/2/2007

4137.2

15.90094

11.5874

1.70274

252.8399

2.899324

27.07517

-8.40002

1/6/2007

4297.05

3.863724

11.7673

1.552548

14.92837

2.410407

5.998619

-8.55021

1/10/2007

5068.95

17.96349

12.0175

2.126231

322.6869

4.520859

38.19453

-7.97653

1/2/2008

5317.25

4.89845

12.2912

2.277512

23.99482

5.187061

11.15628

-7.82525

2/6/2008

4739.6

-10.8637

12.4884

1.6044

118.0199

2.574099

-17.4297

-8.49836

TOTAL

90.92488

1996.884

Beta

0.00792

Alfa

Standard Coefficien Sharpe

Treynor
Deviation t of
ratio (SR) Ratio (TR
determina
tion
1.631
8.4009 0.220977
-1.559
-1654.1

(Y-Y1)2

66.24776
85.65
74.12591
68.41631
70.56033
73.10612
63.62501
61.23451
72.22212

Jensen
Ratio (JR)

10.1

DATE

S&P CNX
NIFTY

RETURNS

NAV

(X)

RETURNS

X2

Y2

XY

(Y-Y1)

(Y)

1/6/2005

2087.55

3/10/2005

2630.05

25.9874

23.6829

1.643348

675.345

2.700591

24.34405

-8.45942

1/2/2006

2971.55

12.98454

23.7776

0.399867

168.5984

0.159893

12.58468

-9.70289

23.3

1/6/2006

2962.25

-0.31297

23.9594

0.764585

-0.097949

0.58459

-1.07755

-9.33817

3/10/2006

3569.6

20.503

24.3507

1.633179

420.3728

2.667275

18.86982

-8.46958

1/2/2007

4137.2

15.90094

24.4876

0.562201

252.8399

0.316071

15.33874

-9.54056

1/6/2007

4297.05

3.863724

24.5243

0.149872

14.92837

0.022462

3.713852

-9.95289

1/10/2007

5068.95

17.96349

25.3735

3.462688

322.6869

11.99021

14.5008

-6.64007

1/2/2008

5317.25

4.89845

26.6556

5.05291

23.99482

25.53189

-0.15446

-5.04985

2/6/2008

4739.6

-10.8637

26.6776

0.082534

118.0199

0.006812

-10.9462

-10.0202

13.75118

1996.884

43.9798

77.17369

-77.1737

TOTAL

90.92488

Beta

-0.0519

Alfa

Standard Coefficien Sharpe

Treynor
Deviation t of
ratio (SR) Ratio (TR
determina
tion
2.051
8.722
-0.3572
-1.757
295.2

(Y-Y1)2

71.56173
94.14614
87.20151
71.73379
91.02226
99.05998
44.09056
25.50099
100.4049
684.7219

Jensen
Ratio (JR)

-39.52

DATE

S&P CNX
NIFTY

RETURNS NAV
(X)

RETURNS X2

Y2

XY

(Y-Y1)

(Y)
10.0197

1/6/2005

2087.55

3/10/2005

2630.05

25.9874

10.212

1.919219

675.345

3.683402

49.87552

-8.18355

1/2/2006

2971.55

12.98454

10.3942

1.784175

168.5984

3.183282

23.16671

-8.31858

1/6/2006

2962.25

-0.31297

10.6886

2.832349

-0.097949

8.0222

-0.88643

-7.27041

3/10/2006

3569.6

20.503

10.8771

1.763561

420.3728

3.110148

36.15829

-8.3392

2.296568

36.51759

-7.80619

1/2/2007

4137.2

15.90094

11.1269

252.8399

5.274225

1/6/2007

4297.05

3.863724

11.414

2.580233

14.92837

6.657605

9.969311

-7.52253

1/10/2007

5068.95

17.96349

11.8158

3.520238

322.6869

12.39208

63.23575

-6.58252

1/2/2008

5317.25

4.89845

12.2543

3.711133

23.99482

13.7725

18.1788

-6.39163

2/6/2008

4739.6

-10.8637

12.5064

2.057237

118.0199

4.232224

-22.3492

-8.04552

TOTAL

90.92488

1996.884

Beta

-0.0129

Alfa

2.626

Standard Coefficien Sharpe

Treynor
Deviation t of
ratio (SR) Ratio (TR
determina
tion
7.6376

-0.20696

-0.79

-465.66

(Y-Y1)2

66.97041
69.19885
52.85888
69.54224
60.93663
56.58841
43.32959
40.8529
64.73044

Jensen
Ratio (JR)

-202.62

DATE

S&P CNX
NIFTY

1-Jun-05

2087.55

RETURN
(X)

NAV

RETURNS

X2

Y2

XY

(Y-Y1)

(Y)
18.01

3-Oct-05

2630.05

25.9874

20.96

16.37979

675.345

268.2975

425.6682

6.277025

1-Feb-06

2971.55

12.98454

23.03

9.875954

168.5984

97.53447

128.2348

-0.22681

1-Jun-06

2962.25

-0.31297

22.84

-0.82501

-0.097949

0.680643

0.258202

-10.9278

3-Oct-06

3569.6

20.503

26.14

14.44834

420.3728

208.7544

296.2342

4.345576

1-Feb-07

4137.2

15.90094

28.37

8.530987

252.8399

72.77774

135.6507

-1.57177

1-Jun-07

4297.05

3.863724

29.59

4.300317

14.92837

18.49273

16.61524

-5.80244

13.65326

245.2602

3.550501

1-Oct-07

5068.95

17.96349

33.63

322.6869

186.4115

1-Feb-08

5317.25

4.89845

32.45

-3.50877

23.99482

12.31148

-17.1875

-13.6115

2-Jun-08

4739.6

-10.8637

30.91

-4.74576

118.0199

22.52226

51.55653

-14.8485

887.7828

1282.29

58.1091

90.92488

58.1091

TOTAL

Beta

Alfa

0.645

-0.09

1996.884

Standard Coefficien Sharpe

Treynor
Deviation
t of
ratio (SR) Ratio (TR
determina
tion
8.3815
0.940012
3.5326
45.905

(Y-Y1)2

39.40104
0.051441
119.4162
18.88403
2.47047
33.66834
12.60606
185.2738
220.4786
632.25

Jensen
Ratio (JR)

0.1395

DATE

S&P CNX
NIFTY

RETURN
(X)

NAV

RETURNS

X2

Y2

XY

(Y-Y1)

(Y)

1-Jun-05

2087.55

3-Oct-05

2630.05

25.9874

24.464

29.90769

675.345

894.4701

777.2232

19.80493

1-Feb-06

2971.55

12.98454

26.057

12.25385

168.5984

150.1567

159.1106

2.151086

1-Jun-06

2962.25

-0.31297

26.458

3.084615

-0.097949

9.514852

-0.96539

-7.01814

3-Oct-06

3569.6

20.503

29.944

26.81538

420.3728

719.0649

549.7957

16.71262

1-Feb-07

4137.2

15.90094

32.09

16.50769

252.8399

272.5039

262.4878

6.404932

1-Jun-07

4297.05

3.863724

32.002

-0.67692

14.92837

0.458225

-2.61544

-10.7797

1-Oct-07

5068.95

17.96349

34.957

22.73077

322.6869

516.6879

408.3239

12.62801

1-Feb-08

5317.25

4.89845

38.158

24.62308

23.99482

606.2959

120.6149

14.52032

2-Jun-08

4739.6

-10.8637

34.843

-25.5

118.0199

650.25

277.0243

-35.6028

3819.402

2551

18.82131

109.7462

1996.884

TOTAL

20.576

90.92488

Beta

Alfa

1.3386

-1.329

Standard Coefficien Sharpe

Treynor
Deviation
t of
ratio (SR) Ratio (TR
determina
tion
16.7351
0.8863
4.8548
60.694

(Y-Y1)2

392.2352
4.627172
49.25435
279.3118
41.02316
116.2016
159.4666
210.8396
1267.557
2520.516

Jensen
Ratio (JR)

-0.992

DATE

S&P CNX
NIFTY

RETURN
(X)

NAV

RETURNS

X2

Y2

XY

(Y-Y1)

(Y)

1/6/2005

2087.55

3/10/2005

2630.05

25.9874

25.16

23.51497

675.345

552.954

611.093

35.85187

1/2/2006

2971.55

12.98454

28.26

12.32114

168.5984

151.8106

159.9844

-53.1382

1/6/2006

2962.25

-0.31297

28.7

1.556971

-0.097949

2.424159

-0.48728

1.556971

3/10/2006

3569.6

20.503

31.45

9.581882

420.3728

91.81245

196.4573

9.581882

1/2/2007

4137.2

15.90094

35.84

13.95866

252.8399

194.8443

221.9559

13.95866

1/6/2007

4297.05

3.863724

36.45

1.702009

14.92837

2.896834

6.576093

1.702009

1/10/2007

5068.95

17.96349

40.35

10.69959

322.6869

114.4812

192.2019

10.69959

1/2/2008

5317.25

4.89845

42.15

4.460967

23.99482

19.90022

21.85182

4.460967

2/6/2008

4739.6

-10.8637

36.95

-12.3369

118.0199

152.1989

134.0243

-12.3369

1283.323

1543.657

12.33689

TOTAL

20.37

90.92488

65.45931

Beta

0.8189

1996.884

Alfa

-0.9907

Standard Coefficien Sharpe

Deviation
t of
ratio (SR)
determina
tion
22.8219
0.95068
1.619

(Y-Y1)2

1285.356
2823.664
2.424159
91.81245
194.8443
2.896834
114.4812
19.90022
152.1989
4687.579

Treynor
Jensen
Ratio (TR Ratio (JR)

45.1329

-1.209