Portfolio Management Essay

ABSTRACT The project is based on analyzing the 40 scrip’s and preparing a portfolio of 20 scrip’s and evaluates the performance of portfolio for the next one year. The sample size is 40 companies stocks. The company stocks are chosen based on their nature 1) Aggressive in nature (? >1). 2) Conservative in nature (? <1) and 3). Balanced in nature (? =1). The portfolio performance is compared with various mutual funds and with market to pullout or adds some companies according to their performances. The virtual money investing in the portfolio is 100 Crores. CERTIFICATE

ACKNOWLEDGEMT I express my sincere thanks to my college, AURORA’S BUSINESS SCHOOL for giving me this opportunity to work in one of the leading organizations in the financial services field. I thank our director, Dr. Ravi Paturi and also the faculty of ABS for their support. I thank India bull’s securities Ltd. for giving me the opportunity to work here and gain valuable experience in the corporate environment. I am thankful and feel very privileged for having Mr. Pavan Kumar as my assigned project guide. I thank him for the support and guidance he has given during this project.

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I would also like to express my heartfelt gratitude for the support given to me by the research team at India bull’s securities Ltd. This project could not have been completed without the constant support and guidance given by them. Y. SRINATH REDDY CONTENTS Serial no| TOPIC| Page no| 1| Executive summary| | 2| Company profile | | 3| Introduction to the topic | | 4| Objective of the study | | 5| Introduction to portfolio management | | 6| Steps involved in portfolio construction | | 7| Portfolio tracking and portfolio analysis | | | Results and findings| | Executive summary

The study is conducted to understand the construction process of portfolio and to know how a portfolio will help for an investor to maximize his returns rather than investing the money in a single company. I created a diversified portfolio in order to maximize returns by minimizing the risk. Firstly, I understand the concept of beta which explains the correlation between the market and a particular company stock. Based on the beta nature I have taken 40 stocks from national stock exchange, from which 20 company stocks are shortlisted to create a balanced nature of portfolio.

I have taken the past one year stock prices of all 20 company stocks and calculated the daily returns. I calculated the correlations for 20 stocks to know the degree of relationship between all 20 company stocks. To know the risk pattern between 20 stocks I have calculated the variance and standard deviation. Thereafter, I calculated the total variance of the portfolio which contains 20 stocks. In this project I came across with an excellent tool solver, solver is mainly used for linear programming, it is much like regression analysis it will try to optimize a solution.

In this project solver is used to derive the percentages of investment in all 20 stocks by optimizing the variance with some defined constraints. The virtual money taken for the investment in the portfolio is 100 crores. I calculated the weekly and monthly returns for the constructed portfolio. I evaluated the performance of the created portfolio with the existed different types of funds in the market. The portfolio is giving 2. 24 percentage returns for a month whereas Tata balanced fund is giving 0. 7 percentage return and reliance regular savings balanced fund is giving 0. 5 percentage return. INDUSTRY PROFILE

Journey of Indian stock market Indian Stock Markets are one of the oldest in Asia. Its history dates back to nearly 200 years ago. The earliest records of security dealings in India are meager and obscure. The East India Company was the dominant institution in those days and business in its loan securities used to be transacted towards the close of the eighteenth century. By 1830’s business on corporate stocks and shares in Bank and Cotton presses took place in Bombay. Though the trading list was broader in 1839, there were only half a dozen brokers recognized by banks and merchants during 1840 and 1850.

The 1850’s witnessed a rapid development of commercial enterprise and brokerage business attracted many men into the field and by 1860 the number of brokers increased into 60. In 1860-61 the American Civil War broke out and cotton supply from United States of Europe was stopped; thus, the ‘Share Mania’ in India begun. The number of brokers increased to about 200 to 250. However, at the end of the American Civil War, in 1865, a disastrous slump began (for example, Bank of Bombay Share which had touched Rs 2850 could only be sold at Rs. 87).

At the end of the American Civil War, the brokers who thrived out of Civil War in 1874, found a place in a street (now appropriately called as Dalal Street) where they would conveniently assemble and transact business. In 1887, they formally established in Bombay, the “Native Share and Stock Brokers’ Association” (which is alternatively known as “The Stock Exchange “). In 1895, the Stock Exchange acquired a premise in the same street and it was inaugurated in 1899. Thus, the Stock Exchange at Bombay was consolidated. Growth pattern of Indian stock market: Company profile

BRIEF HISTORY OF THE INDIA BULLS Indiabulls Group is one of the top business houses in the country with business interests in Real Estate, Infrastructure, Financial Services, Retail, Multiplex and Power sectors. Indiabulls Group companies are listed in Indian and overseas financial markets. The Networth of the Group exceeds USD 3 billion. Indiabulls has been conferred the status of a “Business Superbrand” by The Brand Council, Superbrands India. Indiabulls Securities Limited is India’s leading capital markets company with All-India Presence and an extensive client base.

Indiabulls Securities possesses state of the art trading platform, best broking practices and is the pioneer in trading product innovations. Power Indiabulls, in-house trading platform, is one of the fastest and most efficient trading platforms in the country. Indiabulls Securities Limited is the first brokerage house to be assigned the highest rating BQ – 1 by CRISIL. Indiabulls Financial Services is an integrated financial services powerhouse providing Consumer Finance, Housing Finance, Commercial Loans, Life Insurance, Asset Management and Advisory services.

Indiabulls Financial Services Ltd is amongst 68 companies constituting MSCI – Morgan Stanley India Index. Indiabulls Financial is also part of CLSA’s model portfolio of 30 Best Companies in Asia. Indiabulls Financial Services in partnership with MMTC Limited, the largest commodity trading company in India, has set up India’s 4th Multi-Commodities Exchange. Indiabulls Real Estate Limited is India’s third largest property company with development projects spread across residential projects, commercial offices, hotels, malls, and Special Economic Zones (SEZs) infrastructure development.

Indiabulls Real Estate partnered with Farallon Capital Management LLC of USA to bring the first FDI into real estate. Indiabulls Real Estate is transforming 14 million sqft in 16 cities into premium quality, high-end commercial, residential and retail spaces. Indiabulls Real Estate has diversified significantly in the following business verticals within the real estate space: Real Estate Development, Project Advisory & Facilities Management: Residential, Commercial (Office and Malls) and SEZ Development.

Power: Thermal and Hydro Power Generation. Profile of India bulls securities limited Indiabulls Securities Ltd is India’s leading capital markets company with All-India Presence and an extensive client base. The company is engaged in the securities brokerage industry. They provide range of services to their clients in securities brokerage, including equities, commodities, wholesale debt, futures and options, depositary services, research services, insurance, initial public offering (IPO), and mutual fund distribution.

Indiabulls Securities Ltd is the first and only brokerage house in India to be assigned the highest rating BQ-1 by CRISIL. The company acts as financial consultant and manages the funds of investors. They also provide investment planning, tax planning and portfolio investment services. Power Indiabulls is an online trading system designed for the high-volume trader, which provides trade information and order execution on an integrated software-based trading platform.

Indiabulls Securities Ltd was incorporated as GPF Securities Pvt Ltd on June 9, 1995. The name of the company was changed to Orbis Securities Pvt Ltd on December 15, 1995 to change the profile of the company and subsequently due to the conversion of the company into a public limited company, the name was further changed to Orbis Securities Ltd on January 5, 2004. The name of the company was again changed to Indiabulls Securities Ltd on February 16, 2004 so as to capitalise on the brand image of the term ‘Indiabulls’ in the company name.

During the year 2007-08, pursuant to a court approved composite scheme of arrangement inter-alia between the company, Indiabulls Financial Services Ltd and Indiabulls Credit Services Ltd and their respective shareholders and creditors, the securities broking and advisory business of Indiabulls Financial Services Ltd comprising of business providing advisory business with respect to risk management, equity analysis and securities data management, securities brokerage including equities, wholesale debt, futures and options, depository services, research services, mutual fund and IPO distribution its clients which Indiabulls Financial Services Ltd carries on by itself and through their subsidiaries including the company, a registered ember of the BSE and NSE and Indiabulls Commodities Pvt Ltd which is a member of National Commodities Derivatives Exchange of India and Multi Commodity Exchange and operates the business of an intermediary for trading in securities and derivatives was transferred by the way of de-merger and vested with the company. The de-merger of Indiabulls Securities Ltd was effective form December 24, 2007. As per the scheme, every shareholder of Indiabulls Financial Services Ltd as on January 8, 2007, received a share of Indiabulls Securities Ltd. In January 9, 2008, the company incorporated Devata Tradelink Ltd as a subsidiary company. Promoters of the company India bulls was founded by Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal who are engineering graduates from the Indian Institute of technology in Delhi. Key executives of the company s. NoNameDesignation 1R K Agarwal Company Secretary 2Divyesh B Shah Director 3Ashok Sharma Director 4Rajiv Rattan Director 5Saurabh K Mittal Director 6Aishwarya Katoch Director 7Karan Singh Director 8Prem Prakash Mirdha Director 9Labh Singh Sitara Director Products of indiabulls securities * Power India bulls * India bulls signature account * Depository services * NRI trading * IPO online * India bulls equity analysis * Currency derivatives Introduction to the topic “CREATING AND MANAGING OPTIMAL PORTFOLIO’S” Portfolio:

Portfolio is a collection of securities owned by an individual or an institution, such as a mutual fund. The main objective behind the creation of a portfolio is to mitigate the risks and get better returns for the risk taken. A fund’s portfolio may include a combination of stocks, bonds, and money market securities. OBJECTIVES OF THE STUDY: * To understand the construction of portfolios with different sector companies stocks, evaluate the portfolio’s performance with different types of funds. * To come out with an optimal portfolio for a different types of investor, so that we can suggest them to invest in that portfolio to maximize his returns. METHODOLOGY OF THE STUDY: Collecting the secondary data which are essential for the creation of portfolio, like historical prices of all the stocks for which the portfolio is planned. * Collecting the data of different types of mutual funds and tabulate the performances of that funds. * Constructing the portfolio by using some financial functions with the selected companies stock. * Observing the portfolio for few days and track the returns of the portfolio. * To find out the possible outcomes using some of the financial functions in excel for the management of portfolios and to diversify the net assets in between the listed companies. LIMITATIONS OF THE STUDY: * The current portfolio constructed is a 100% equity portfolio with an investment in 20 stocks. Virtual money invested in the portfolio limited to 100crores. PORTFOLIO MANAGEMENT Portfolio Management and investment decision as a concept came to be familiar with the conclusion of second world war when thing can be in the stock market can be liberally ruined the fortune of individual, companies,even government’s it was then discovered that the investing in various scripts instead of putting all the money in asingle securities yielded weather return with low risk percentage, it goes to the credit of HARY MERKOWITZ,1991 noble laurelled to have pioneered the concept of combining high yielded securities with these low but steadyyielding securities to achieve optimum correlation co-efficient of shares.

Portfolio Management refers to the management of portfolios for others by professional investment managers it refers to the management of an individual investor’s portfolio by professionally qualified person ranging from merchant banker to specified portfolio company. OBJECTIVES OF PORTFOLIO MANAGEMENT: The main objective of investment portfolio management is to maximize the returns from the investments and to minimize the risk involved in investment. Moreover, risk in price or inflation erodes the value of money and hence investment must provide a protection against inflation. Secondary Objectives: The following are the other ancillary objectives: · Regular Return · Stable Income Appreciation Of Capital · More Liquidity · Safety Of Investment · Tax Benefits Portfolio Management services helps investors to make a wise choice between alternative investments with pit any post trading hassle’s this service renders optimum returns to the investors by proper selection of continuous change of one plan to another plane with in the same scheme, any portfolio management must specify the objectives like maximum return’s, and risk capital appreciation, safety etc in their offer. (a) Debentures –partly convertible and non-convertible debentures debt with tradable warrants. (b) Preference shares (c) Government securities and bonds d) Other debt instruments Under variable income securities: (a) Equity Shares (b) Money market securities like treasury bills commercial paper etc. A portfolio manager has to decide up on the mix of securities on the basis of contract with the client and objectives of portfolio. NEED FOR PORTFOLIO MANAGEMENT: Portfolio Management is a process encompassing many activities of investment in assets and securities. It is a dynamic and flexible concept and involves regular and systematic analysis, judgment and action. The objective of this service is to help the unknown and investors with the expertise of professionals in investment portfolio management.

It involves construction of a portfolio based upon the investor’s objectives, constrains, preference for risk and returns and tax liability. The portfolio is reviewed and adjusted from time to time in tune with the market conditions. The evaluation of portfolio is to be one in terms of targets set for risk and returns. The changes in the portfolio are to be effected to meet the changing condition. Portfolio construction refers to the allocation of surplus funds in hand among a variety of financial assets open for investment. Portfolio theory concerns itself with the principles governing such allocation. The modern view of investment is oriented more go towards the assembly of proper combination of individual securities to form investment portfolio.

A combination of securities held together will give a beneficial result if they grouped in a manner to secure higher returns after taking into consideration the risk elements. The modern theory is the view that by different regions, in different industries or those producing different types of product lines. Modern theory believes in the perspective of combination of securities under constraints of risk and returns. PORTFOLIO CREATION CONCEPT OF BETA: A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. The higher the Beta, the higher the risk and the higher the risk premium in comparison With the market premium and vice-versa. Selection of the stocks: * The company stocks are chosen based on their nature ) Aggressive in nature (? >1) 2) Balanced in nature (? =1) 3) Conservative in nature (? <1) LIST OF COMPANIES: company name| beta values| CIPLA| 0. 52| SUNPHARMA| 0. 28| RANBAXY| 0. 7| BPCL| 0. 49| GAIL| 0. 68| NTPC| 0. 58| POLARIS| 1. 0916| HCLTECH| 1. 035| INFOSYSTCH| 0. 69| IVRCLINFRA| 1. 7235| INDIABULLS| 1. 67| JPASSOCIAT| 1. 706| AXIS BANK| 1. 39| SBIN| 1. 19| ICICIBANK| 1. 5432| DRREDDY| 0. 49| JINDALSTEL| 1. 0763| ACC| 0. 71| WIPRO| 0. 79| AMBUJA CEMENT| 0. 69| Fig 1. 1 beta vs. companies stock Source code: dalal street magazine, money control. com Sector wise diversification of 20 company stocks: PHARMACEUTICAL| 4| IT SECTOR| 4| PUBLIC SECTOR| 3|

INFRASTRCUTURE SECTOR| 3| TOP LOSERS OF PREVIOUS WEEK| 3| BANKING SECTOR| | | 3| | | | | | | | | | | | | | | | | | | | | Manual creation of portfolio with two stocks: For example x and y are two companies’ stocks,R1,R2 are returns from x,y companies stocks and w1 and 1-w1 are the investment weightages in the x,y company stocks. variances A B Y Y X X returns R1 R2 weights W1 1-W1 variance of portfolio: varp=var(w1A+w2B) =w1^2v1+w2^2v2+2w1w2cov(A,B)

To calculate the minimum variance portfolio differentiate the equation with variable w1 and equate it to zero. Varp=w1^2+(1-w1)^2v2+2w1(1-w1)cov(A,B) dvarp/dW1=v12w1+v2*2(1-w1)(-1)+2*cov(A,B) [w1(-1)+(1-w1)] =2*w1varA-2varB+2w1varB-2w1cov(A,B)+2cov(A,B)-2w1cov(A,B) By equating to zero, the equation simplifies into 2*w1varA+2w1varB-4w1cov(A,B)=2varB-2cov(A,B) W1[varA+varB-2cov(A,B)]=varB-cov(A,B) Therefore w1= varB-cov(A,B) ; w2=1-w1 [varA+varB-2cov(A,B)] As we know that cov(A,B)=? *? A*? B,then the equation becomes W1= varB- ? *? A*?

B ; w2=1-w1 [varA+varB-2*( ? *? A*? B) Where ? =correlation coefficient, ?A=standard deviation of A ? B=standard deviation of B * It is difficult to calculate the variance for the portfolio which holding more than two company stocks in manual fashion. so by using some financial functions it is calculated correctly. Correlations in between 20 stocks: (16-06-2009 TO 16-06-2010) Averages of annual returns, variances and standard deviation: (16-06-2009 TO 16-06-2010) company name| avg annual returns| var returns| std deviation| CIPLA| 0. 305| 22. 317| 4. 724| SUNPHARMA| 0. 354| 25. 164| 5. 016|

RANBAXY| 0. 523| 31. 748| 5. 635| BPCL| 0. 459| 34. 874| 5. 905| GAIL| 0. 525| 26. 022| 5. 101| NTPC| -0. 088| 13. 729| 3. 705| POLARIS| 0. 742| 70. 583| 8. 401| HCLTECH| 0. 644| 52. 181| 7. 224| INFOSYSTCH| 0. 512| 16. 985| 4. 121| IVRCLINFRA| -0. 257| 126. 684| 11. 255| INDIABULLS| -0. 095| 83. 275| 9. 126| JPASSOCIAT| -0. 377| 89. 562| 9. 464| AXIS BANK| 0. 568| 35. 317| 5. 943| SBIN| 0. 354| 28. 349| 5. 324| ICICIBANK| 0. 234| 40. 693| 6. 379| DRREDDY| 0. 773| 25. 576| 5. 057| JINDALSTEL| -0. 409| 222. 733| 14. 924| ACC| 0. 053| 26. 848| 5. 182| WIPRO| 0. 155| 64. 547| 8. 034| AMBUJA CEMENT| 0. 188| 28. 737| 5. 361| Description about solver The function used to derive the percentages of investment is solver. * Solver is a built-in function. * Solver is good for what-if, trend, and other relationships. * Using historical data Solver will try to optimize a solution. * Solver can be used as like regression analysis. Solver dialog box Options in solver: * Set Target Cell: * This is the cell where you will have the computer optimize the calculation * Equate To: * Choice of Max, Min, or Value of… (typically this is set to Min) * By Changing Cells: * These are the “weighting factors” (Parameter Values) that the computer will use to fit the equation * Subject to the Constraints: * You can set logical statements like A>B, or A>0 *

Percentages of investment based on the variance: For low risk investor: company| Investment percentages for low risk investor| CIPLA| 0| SUNPHARMA| 0. 09871924| RANBAXY| 0. 0991879| BPCL| 0. 10520812| GAIL| 0. 09753953| NTPC| 0. 10456058| POLARIS| 0| HCLTECH| 0| INFOSYSTCH| 0. 09051855| IVRCLINFRA| 0| INDIABULLS| 0. 02072108| JPASSOCIAT| 0| AXIS BANK| 0. 1104039| SBIN| 0. 13984956| ICICIBANK| 0| DRREDDY| 0. 13328096| JINDALSTEL| 0| ACC| 0| WIPRO| 0| AMBUJA CEMENT| 0| For high risk investor: company| Investment percentages for high risk investor| CIPLA| 0| SUNPHARMA| 0| RANBAXY| 0. 06862362| BPCL| 0| GAIL| 0. 00170128| NTPC| 0. 00746103| POLARIS| 0. 12579544| HCLTECH| 0. 0077127|

INFOSYSTCH| 0. 08182809| IVRCLINFRA| 0. 14629206| INDIABULLS| 0. 00587355| JPASSOCIAT| 0. 15951679| AXIS BANK| 0. 13599458| SBIN| 0. 02737773| ICICIBANK| 0| DRREDDY| 0. 04995206| JINDALSTEL| 0. 13295148| ACC| 0| WIPRO| 0| AMBUJA CEMENT| 0. 04891959| Variance of the portfolio consisting of 20 stocks: Therefore total variance of the portfolio is 8. 07. Portfolio tracking and analysis: Four weeks investment pattern in pharmaceutical sector: | Investement| companies| 1st week| 2nd week| 3rd week| 4th week| Cipla| 131670366| 119949717| 134884940| 0| sunpharma| 122194490| 132004382| 90228076. 4| 99414071. 7| ranbaxy| 0| 135999792| 133096208| 99886035. 3|

DR Reddy| 115803302| 93525643| 135479445| 134219058| Total| 369668158| 481479533| 493688670| 333519165| Interpretation: By observing the above statistics with the help of chart it is understand that there is no investment in Ranbaxy for first week by considering it variance, annual returns and standard deviation. In the same way cipla doesn’t have any investment in fourth due to its high volatile nature. by observing the totals of investment it is clear that 2nd and 3rd week have more investments when compared with first and fourth week. Four weeks returns in pharmaceutical sector: | Returns| companies| 1st week| 2nd week| 3rd week| 4th week|

Cipla| 1. 33E+08| 1. 2E+08| 1. 35E+08| 0| sunpharma| 1. 26E+08| 1. 29E+08| 90973418| 97744881| ranbaxy| 0| 1. 33E+08| 1. 33E+08| 1. 01E+08| DR Reddy| 1. 15E+08| 93776830| 1. 37E+08| 1. 34E+08| Total| 3. 75E+08| 4. 77E+08| 4. 96E+08| 3. 33E+08| Interpretation: by understanding the above two charts of investment and returns in pharmaceutical sector it is concluded that returns in first and third week are profitable, but the returns in 2nd and 4th week slightly negative returns. Four weeks investment pattern in public sector: Company| 1ST WEEK| 2ND WEEK| 3RD WEEK| 4TH WEEK| BPCL| 35578606. 23| 95907064. 23| 113666237. 5| 105948623. 1| GAIL| 133229100. | 96855939. 95| 72491009. 19| 98226066. 33| NTPC| 0| 0| 0| 105296531| Total| 168807707. 2| 192763004. 2| 186157246. 7| 309471220. 5| Interpretation: By analyzing the investment pattern in public sector it states that there is a huge investment in public sector on 4th week when compared with the first three weeks, in the same way first week has low investment in public sector. NTPC doesn’t have any investments in first three weeks because of its high risky nature. Four weeks returns in public sector: | Returns| Company| 1ST WEEK| 2ND WEEK| 3RD WEEK| 4TH WEEK| BPCL| 36633938. 35| 109027957. 5| 1. 14E+08| 112651497. 6| GAIL| 135226188. 5| 96235393. 5| 72172998| 100189736. 5| NTPC| 0| 0| 0| 104797673. 5| Total| 171860126. 8| 205263350. 6| 1. 86E+08| 317638907. 6| Interpretation: By understanding the returns and investment in public sector it shows that first, second and fourth weeks are giving very good returns and the left over third week is giving slight negative returns. BPCL is giving positive returns in all four weeks; GAIL is giving negative return in 2nd and third week. NTPC is giving negative returns. Four weeks investment pattern in IT sector: Company| 1ST WEEK| 2ND WEEK| 3RD WEEK| 4TH WEEK| POLARIS| 0| 0| 0| 0| HCL TECH| 0| 0| 0| 0| INFOSYS| 0| 39155875| 116461697. 6| 91155662|

WIPRO| 121450223. 9| 70647617| 0| 0| Total| 121450223. 9| 109803492| 116461697. 6| 91155662| Interpretation: By observing the above charts it is clear that investments in it sector is very poor because of its high volatile nature. Polaris and HCl have no investments in all four weeks. Investment pattern is gradually decreasing from first week to fourth week, except there is a small rise in third week. Four weeks returns in IT sector: | Returns| Company| 1ST WEEK| 2ND WEEK| 3RD WEEK| 4TH WEEK| POLARIS| 0| 0| 0| 0| HCL TECH| 0| 0| 0| 0| INFOSYS| 0| 39095732| 1. 16E+08| 91646701| WIPRO| 120737376| 67995094| 0| 0| Total| 120737376| 1. 07E+08| 1. 16E+08| 91646701|

Interpretation: By analyzing the investments and returns in It sector it is understand that first, second and third weeks are giving negative returns, only the fourth week is giving some amount of positive returns. Four weeks investment pattern in infrastructure sector: company| 1st week| 2nd week| 3rd week| 4th week| IVRCLINFRA| 0| 0| 0| 0| INDIABULLS| 25393068| 0| 56792288| 20866927| JPASSOCIAT| 2736358| 0| 0| 0| Total| 28129427| 0| 56792288| 20866927| Interpretation: By studying the above charts it states that IVRCL INFRA, INDIA BULLS and JP associate’s stock prices are very volatile in 2nd week so there is no investment in entire 2nd week of portfolio.

IVRCL INFRA is very risky in nature when compared with remaining two companies because of that reason it doesn’t have any investments in all the four weeks. Four weeks returns in infrastructure sector: | Returns| company| 1st week| 2nd week| 3rd week| 4th week| IVRCLINFRA| 0| 0| 0| 0| INDIABULLS| 26303414| 0| 56333388| 22553124| JPASSOCIAT| 2815111| 0| 0| 0| Total| 29118525| 0| 56333388| 22553124| Interpretation: Above charts explains that first week and fourth week are giving profits, third week is giving small amount of loss. Company’s wise JP associates’ giving profit and INDIA BULLS is giving loss in third week. Four weeks investment pattern in banking sector: company| 1st week| 2nd week| 3rd week| 4th week| AXIS BANK| 99115227. 15| 0| 37809909. 43| 111180982| SBIN| 100912164. | 132939041. 7| 0| 140833890| ICICIBANK| 0| 0| 0| 0| Total| 200027391. 3| 132939041. 7| 37809909. 43| 252014871| Interpretation: By analyzing the above charts it shows that ICICI bank have no investments in all four weeks because of its high volatile nature. Third week has high amount of investment when compared with other three weeks and 2nd week has low amount of investment. Four weeks returns in banking sector: company| 1st week| 2nd week| 3rd week| 4th week| AXIS BANK| 100337251. 3| 0| 38141678. 9| 116811837| SBIN| 100607567| 129635558. 2| 0| 148473879| ICICIBANK| 0| 0| 0| 0| Total| 200944818. 3| 129635558. 2| 38141678. 9| 265285717| Interpretation:

Above charts describes axis bank is giving positive returns in all four weeks of its investment and SBI is giving positive returns only in its fourth week. in total returns wise only 2nd week is giving negative returns. Four weeks investment pattern in top losers of previous week: Company| 1st week| 2nd week| 3rd week| 4th week| JINDALSTEL| 0| 0| 19731386| 0| ACC| 111907405. 9| 27793803| 96571850| 0| AMBUJA CEMENT| 0| 64188459| 0| 0| Total| 111907405. 9| 91982262| 1. 16E+08| 0| Interpretation: By understanding the above graph it is clear that there is no investment in fourth week because of the volatility of stock prices in 4th week. The investment pattern is high in third week when compare with other two weeks.

Four weeks return in top losers of previous week: Company| 1st week| 2nd week| 3rd week| 4th week| JINDALSTEL| 0| 0| 19908010| 0| ACC| 111634893| 27693540| 94124671| 0| AMBUJA CEMENT| 0| 60993637| 0| 0| Total| 111634893| 88687177| 1. 14E+08| 0| Interpretation: By observing the above table and graphs it states that there are no positive returns in all three weeks of investment. Company’s wise Jindal steel only giving positive return for the investment in third week. Total investment and returns in four weeks: weeks| total investment| total returns| 1st week| 999990312. 5| 1008967333| 2nd week| 1008967333| 1007213048| 3rd week| 1007213048| 1007038504| 4th week| 1007027845| 1030331071|

Interpretation: By analyzing the above graph it is clear that first week is giving good amount of profit, second and third weeks are giving small amount of loss. Fourth week is giving high amount of profits when compared with first week. Comparison of my fund performance with different types of funds: My Fund Performance| | | | | | weekly returns(in percentage)| | | | | 1st week| 2nd week| 3rd week| 4th week| 0. 897710794| -0. 173860975| -0. 017350294| 2. 314012018| | | | | | Monthly returns(in percentage)| | | | | 1st month| | | | 2. 249313721| | | | PERFORMANCES OF MARKET AND PORTFOLIO: NSE PERFORMANCE| PORTFOLIO PERFORMANCE| 2. 778335101| 2. 2493137|

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