Statistical Evaluation and Comparison of IDFC Nifty Index (G) and IDFC Nifty (G) Mutual Funds

Abstract

The two mutual funds, IDBI Nifty Index (G) and IDFC Nifty (G) are compared and the performances were appraised. Both the funds have features in common, including the inception at the same time. The funds considered for the study were kept to a minimum in order to include the granular details. The portfolio characteristics are summarized by graphical representation to the extent possible. Statistical evaluation was performed with S&P CNX Nifty as benchmark index and the evaluation parameters: correlation, standard deviation, linear regression, Sharpe's Index, Treynor's Index, Jensen's Alpha, Fama's Measure and M².