ISIN INF209K01S38
Performance analysis
Rolling returns in quartiles
The 3 year excess rolling returns are negative across the corporate bond. The blue line is mostly in the 2nd/3rd quartile.
The fund is consistent over the period near 0. For now, the fund is in the first quarter as of Feb 2023.
Rolling risk/return (Snail-trail)
The standard deviation on the 3 year excess returns range between -1% to 3%. overall there is high volatility in the fund.
The fund at start was in the top left quadrant which indicates that the fund generated positive returns of almost 0.2% and with lower volatility but at the end of May 2023 the fund is giving negative returns of around -0.2% and at a risk of 1.1%.
Tracking error
The tracking error ranges between 0 to 2
The TE chart shows that it was at its peak at around 1.40% in the month of Nov 2020, but it gradually decreased over the years and now is at 0.3% as of May 2023.
Information ratio
The information ratio ranges between 0 to -3.5. The overall ratio has been mostly below 0.
The IR was first in the positive range till May 2021 and then stayed negative April 2023. As of May 2023 the IR is negative.
Prepared by – Ganesh Hulke
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