Sharekhan's top equity fund picks: Sharekhan Mutual Funds Report dated April 16, 2007

[Deadpresident]

 

Mutual Gains [April 16, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents MUTUAL GAINS Sharekhan's top equity fund picks We have identified the best equity-oriented schemes available in the market today based on the following 3 parameters: the past performance as indicated by the returns, the Sharpe ratio and Fama (net selectivity).  The past performance is measured by the returns generated by the scheme. Sharpe indicates risk-adjusted returns, giving the returns earned in excess of the risk-free rate for each unit of the risk taken. The Sharpe ratio is also indicative of the consistency of the returns as it takes into account the volatility in the returns as measured by the standard deviation.  FAMA measures the returns generated through selectivity, ie the returns generated because of the fund manager's ability to pick the right stocks. A higher value of net selectivity is always preferred as it reflects the stock picking ability of the fund manager.

Regards, The Sharekhan Research Team myac...@sharekhan.com

--
The best resource for Indian Stock Reports >> http://DEADPRESIDENT.BLOGSPOT.COM