In isolation when we look at the absolute results and compare to general avenues of savings and investment, it does not look bad. However, when we bring in the perspective of peer group and benchmark comes up, the concern manifests itself. In the continuous period, the fund not only largely fails to match the benchmark but also largely fails to beat the category average.

In the discrete period also, apart from the very recent period, does the fund manage to perform over the category average value or perform above the benchmark. 

On the asset side, even after quite a few years the AAUM of the scheme remains low, BARELY IN THE Rs. 600 crores mark.

On the Returns generated less Index growth, the scheme has been a disappointment as the numbers remain stubbornly negative. This implies the fund has not been able to perform the minimum expectation of beating the benchmark. 

For quartiles and deciles positions, the lower value is the worst and upper value is the best. Over the last quite a few years the values have been low for the scheme indicating there has been under whelming performance for the scheme within the category. In the very recent past, the position has dramatically improved and reached the top of the charts.

The better number first.

The Beta value of the scheme signifies a risk profile far lower than the benchmark implying low systemic risk of the fund. 

The volatility parameter is also very subdued although a relatively low standard deviation indicates a very subdued risk-taking ability.

The most significant ratio is the Jensen’s Alpha. This ratio denotes the ability of the fund to give risk adjusted returns. In this case the number is negative, indicating its failure to do so.