ISIN INF740KA1KE8
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’s rolling returns are consistently below the 0% range. The fund has been between 0 to -2 % for the entire period.
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 snail trail of this fund did not give any returns and had a risk of about 1.7% at the start and did not change much since that.
Tracking error
The tracking error ranges between 0 to 2
The TE was always positive for this fund. It was at its peak of around 1.80 % for almost 5 months from Oct 2022 to March 2023. Then it jumped down to 1.20 % within 2 months.
Information ratio
The information ratio ranges between 0 to -3.5. The overall ratio has been mostly below 0.
The IR was positive only for the month of May to July 2020. After that for the entire period the IR was below 0%. The IR also went down to -2.8 % in Aug 2021. As of May 2023 the IR is at 0 %.
Prepared by – Ganesh Hulke
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