Aligning Performance: An R-squared, Correlation, and F-squared Analysis of HDFC Mutual Funds vs. Nifty 50 (KEY IJP************388)

• Y. Mounika,,Dr. M. Vijaykumaryadav

Abstract

AbstractThis analysis examined the performance relationships between four HDFC mutual funds and the Nifty 50 index. While lacking specific timeframe data, the study used R-squared, correlation matrix, and F-squared values to reveal valuable insights. HDFC Nomura Balanced Growth demonstrated the strongest alignment with the Nifty's movements, while HDFC Income Fund Growth showed the least. The analysis of correlations suggested potential diversification benefits from including HDFC Magnum Balanced and Nomura Balanced Funds in a portfolio, due to their strong positive correlations with each other and the broader market. Overall, this information can empower investors to make informed decisions regarding portfolio construction and risk management by understanding how these HDFC funds behave relative to the Nifty index.Keywords: Comparative Analysis, Mutual Funds, HDFC Bank, Performance Metrics, Sharpe Ratio.