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Summary of Contents
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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 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.
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. | 
