ISIN INF251K01GP4
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 was in the negative for the majority of the period. The fund has spent most of the time at – 3.50%. and now as of May 2023, it is at -0.2%.
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 started at giving almost 0 returns and also with lower risk but as of now the fund is giving negative returns and a risk of almost 2%.
Tracking error
The tracking error ranges between 0 to 2
The TE was at its peak in the month of May 2020 at 7%. Then in the very next month the TE jumped down to 1.8 % and continued dropping since then. The TE is at 0.7% 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 never in the positive side of the chart. It stayed consistent in the negative side and went up to -3% in the month of June 2022. The IR is almost 0% as of May 2023.
Prepared by – Ganesh Hulke
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