Asian PaintI T C Ltd. Marico Ltd.Motherson Voltas Ltd. Yes Bank LtDabur India Ltd.

Jan-09
78.88
90.05
58.2
25.98
43.2
61.15
43.98
Feb-09
78.64
91.53
57.8
25.71
36.75
51.3
45.58
Mar-09
78.64
92.42
60.3
30.09
46.15
50
49.6
Apr-09
88.83
94.45
68.35
33.11
59.2
77.2
51.85
May-09
108
91.83
69.55
34.64
98.4
125.65
55.23
Jun-09
118.78
95.38
73.05
33.53
125.1
148.85
62.85
Jul-09
141.14
124.6
88.1
34.49
144.15
159.65
68.83
Aug-09
140.03
115.47
85.65
38.09
157.8
167.45
62.42
Sep-09
140.58
116.53
89.5
50.49
145.35
205.05
71.2
Oct-09
164.23
127.4
97.8
49.8
158.25
238.25
76.05
Nov-09
167.97
128.55
103.5
56.36
173.9
252.55
78.88
Dec-09
179.72
125.4
103.15
58.67
173.3
266.15
79.4
Jan-10
185.22
125.08
98.4
63.31
157.4
249.25
80.4
Feb-10
181
116.13
103.3
56.69
155.6
236.6
84.63
Mar-10
203.88
131.53
109.05
55.09
176.45
256.2
79.4
Apr-10
207.88
132.93
107.5
62.89
180.95
285.65
90.15
May-10
208.61
141.6
107.3
62.4
180.05
287.95
92.7
Jun-10
230.18
152.72
129.5
64.67
198.55
269.3
105.3
Jul-10
260.33
154.38
124.05
74.73
212.5
295.65
98.83
Aug-10
276.27
163.15
125.65
79.22
200.15
311.2
104.63
Sep-10
266.32
178.3
127.45
80.78
241.4
350.15
108
Oct-10
268.78
171.2
137.15
81.47
245.2
359.5
99.75
Nov-10
264.89
171.9
129.9
83.87
243.8
306.15
93.6
Dec-10
287.87
174.65
119.7
80.93
217.7
312.8
100.25
Jan-11
257.75
162.6
125.65
79.93
192
263.1
93.7
Feb-11
240.07
169
119.05
87.93
164.6
256
99.75
Mar-11
252.58
182.1
139.45
95.47
182.65
309.6
96.1
Apr-11
277.46
192.35
140.65
102.33
165.3
305.15
101.15
May-11
313.34
193.35
149.9
101.33
168.3
300.8
117.6
Jun-11
318.51
202.95
155.55
100.2
159.6
312.05
114
Jul-11
313.4
208.35
168
101.82
137.15
310.65
104.05
Aug-11
328.61
200
148.25
83.2
116
277.55
110.75
Sep-11
315.76
198
143.85
78.53
111.15
272.55
103
Oct-11
315.96
213.15
154.55
83.13
99.8
314.3
101.3
Nov-11
287.94
200.7
145.75
67.62
91.7
272.2
95.3
Dec-11
259.24
201.3
145.35
60.56
73.45
238.8
99.45
Jan-12
299.53
203.95
151.8
72.6
96.4
330.45
94.2
Feb-12
317.06
207.65
157.3
84.84
109.85
345.45
104.05
Mar-12
324.2
226.9
175.3
82.82
112.25
368.8
106.6
Apr-12
352.68
245.5
177.1
79.53
109.3
349.7
111.85
May-12
402.16
229.35
175.2
73.18
100.2
329.85
104.3
Jun-12
388.86
258.9
183.7
72.64
104.7
339.4
114.55
Jul-12
364.23
258.15
196.1
71.29
106.3
365.2
119.3
Aug-12
364.07
267.65
200
81.11
110.2
328.75
122.55
Sep-12
393.48
272.4
200.1
99.38
124.95
382.05
128
Oct-12
387.12
282.55
209.55
103.8
110.8
411.6
124.35
Nov-12
433.04
298.5
222.05
116.2
108.3
442.25
128.05

Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15

443.26
450.12
427.22
491.73
468.13
486.31
463.65
507.6
420.95
459.25
539.45
503.65
490
471.7
473
547.95
505.15
507.6
594
628.65
624.2
629.55
657
744.7
752.3
857.75

286.8
307.65
294.8
309.45
328.85
339.9
324.35
341.7
308.7
340.4
335
320.4
321.85
325.1
327.65
352.85
340.75
341.75
325.05
356.05
355.3
370.2
355.2
363.15
368.7
368.55

218.05
226.55
213.4
212.9
225.4
236.05
207.65
209.55
212.55
219.9
211.95
216.05
216.7
214
211
209.15
204
243.95
244.05
255.65
272.25
310
311.25
323.15
325.15
360.8

132.17
131.67
131.27
129.43
129.87
143.1
132.17
137.03
129.5
153.3
179.9
188.73
182.5
204.1
231.75
255.55
253.75
299.55
324.25
364.95
371.95
395.65
420.45
428.1
457.5
451.1

105.9
97.7
79.05
75.35
85.25
83.75
80.95
77.8
67
73.9
89.15
111.05
116.05
106.1
133.4
160.9
156.35
186.7
218.05
192.25
244.65
241.6
251.4
270.55
242.5
268.6

464.05
522.15
472
428.9
501.65
487.3
461.1
324
243.35
287.35
368.8
368.65
370.2
307.65
304.95
413.95
440.75
569.4
541.05
541.1
572.05
558.85
684.5
709.95
772.05
862.45

128.9
132.7
126.4
136.95
147.8
156.35
155.4
161.4
163.1
169.5
178.65
165.65
170.35
172
173.45
179.65
179.25
188.45
187.5
207.25
232.6
222.15
226.5
240.9
233.75
256.25

abur India Ltd.

Returns
Asian PaintI T C Ltd.
Marico
-0.003047
0.0163017158
0
0.009676618
0.121844
0.0217271885
0.195407
-0.0281315523
0.095142
0.0379298712
0.172479
0.2672396935
-0.007896
-0.0760978504
0.00392
0.0091379946
0.155491
0.0891829926
0.022518
0.0089861906
0.067615
-0.0248093055
0.030144
-0.0025550956
-0.023047
-0.0742432793
0.119035
0.1245247092
0.019429
0.0105877114
0.003505
0.0631835074
0.098395
0.0755999982
0.123088
0.0108109161
0.059429
0.0552529275
-0.03668
0.0887975018
0.009195
-0.0406350612
-0.014579
0.0040804487
0.083194
0.0158710589
-0.110519
-0.0714907741
-0.07106
0.0386055178
0.050797
0.0746572718
0.093949
0.0547606425
0.121612
0.0051853889
0.016365
0.0484576252
-0.016174
0.0262597146
0.047391
-0.0409019913
-0.039889
-0.0100503359
0.000633
0.0737291125
-0.092863
-0.0601848874
-0.104998
0.0029850768
0.14446
0.0130785331
0.056876
0.0179791043
0.02227
0.0886554217
0.084201
0.0787875554
0.131289
-0.0680477262
-0.033631
0.1211926657
-0.065434
-0.0029010754
-0.000439
0.0361393455
0.077684
0.0175914174
-0.016296
0.0365839518
0.112095
0.0549144068

Ltd.
Motherson Sumi System
-0.0068965791
-0.01044699
0.0423433281
0.1573128694
0.1253094594
0.0956424609
0.0174043552
0.0451737321
0.0490982198
-0.0325685232
0.1873283947
0.0282288665
-0.0282033082
0.0992823535
0.0439694005
0.2818235164
0.0886859518
-0.0137603128
0.0566470357
0.123744703
-0.0033873732
0.0401688359
-0.0471434355
0.0761147716
0.0485965721
-0.1104454662
0.0541691165
-0.0286296169
-0.0143156451
0.1324189571
-0.0018621979
-0.0078218932
0.1880522315
0.0357321401
-0.042996171
0.1445842025
0.0128155539
0.0583471743
0.0142238668
0.0195006179
0.0733510866
0.0085054442
-0.0543102937
0.0290331267
-0.0817763111
-0.0356833975
0.0485116514
-0.0124333319
-0.0539566911
0.0953897918
0.1581625411
0.0822710186
0.0085684209
0.0693908231
0.0636938702
-0.0098203676
0.0369988182
-0.0112143288
0.0769967561
0.0160383598
-0.1250639415
-0.2019592006
-0.0301289479
-0.0577666304
0.0717465786
0.0569249302
-0.0586248433
-0.2065018503
-0.0027481982
-0.1102691882
0.043419238
0.1813303127
0.0355909451
0.1558022079
0.1083439819
-0.0240975516
0.0102157529
-0.0405352691
-0.0107863663
-0.0832121494
0.0473758137
-0.0074064253
0.065320741
-0.0187596692
0.0196926333
0.129050193
0.000499875
0.2031446281
0.0461451328
0.0435150846
0.0579402074
0.1128468737

0.023326
0.015358
-0.052215
0.140631
-0.049184
0.0381
-0.047716
0.090564
-0.18718
0.087081
0.160955
-0.068669
-0.027476
-0.038062
0.002752
0.147089
-0.081329
0.004838
0.157186
0.056695
-0.007104
0.008534
0.042679
0.125297
0.010154
0.131178

-0.0399848241
0.0701776645
-0.0426656129
0.0484993679
0.0608051916
0.033049737
-0.046828277
0.0521099795
-0.1015632276
0.0977514652
-0.0159908649
-0.0445603166
0.0045153833
0.0100472288
0.0078131382
0.074097072
-0.0348939669
0.002930405
-0.050100459
0.0910921538
-0.0021086674
0.0410808971
-0.041362389
0.0221349609
0.0151673332
-0.0004069176

-0.0181781874
0.0382412768
-0.0597973322
-0.002345767
0.0570540297
0.0461670454
-0.1281896769
0.0091084043
0.0142148804
0.0339956428
-0.0368224998
0.0191594646
0.0030040462
-0.0125378935
-0.0141178815
-0.0088064356
-0.024931704
0.1788432924
0.0004098361
0.0464361992
0.0629114403
0.1298515357
0.0040241503
0.0375201639
0.0061700026
0.1040371739

0.1287761284
-0.0037901804
-0.0030425216
-0.0141160764
0.0033937557
0.0970097364
-0.0794547138
0.0361109072
-0.0565189988
0.1687159047
0.1600043551
0.0479162813
-0.0335672492
0.1118598968
0.1270491346
0.0977588808
-0.0070685549
0.1659318182
0.0792334747
0.1182455347
0.0189990787
0.0617705454
0.0607955842
0.0180312469
0.0664200716
-0.0140878403

Voltas Ltd.
Yes Bank Ltd.
Dabur
-0.1617022696
-0.17563911
0.2277587353
-0.0256677467
0.2490245809
0.4343764516
0.5081192622
0.487100807
0.2400726134
0.1694388235
0.1417410066
0.0700448317
0.0904739843
0.0477008801
-0.0821837814
0.2025690526
0.085031434
0.1500666907
0.0943043603
0.0582887064
-0.0034562246
0.0524508107
-0.0962338607
-0.0656036508
-0.0115017242
-0.0520854573
0.1257489384
0.0795874379
0.0251831999
0.1088088957
-0.0049861599
0.0080195688
0.0978063675
-0.0669608541
0.0679010308
0.0933503224
-0.0598749029
0.05125947
0.1873882232
0.1179258418
0.0156188954
0.0263525431
-0.005725987
-0.1606389992
-0.1132302488
0.0214888307
-0.1256225962
-0.1730298206
-0.1539770838
-0.0273567436
0.104053465
0.1901036972
-0.0998097484
-0.0144776827
0.0179860964
-0.0143578669
-0.0530774162
0.0367178393
-0.1515954676
-0.0044965549
-0.1674850263
-0.1126657794
-0.0427095507
-0.0181790136
-0.1077124571
0.1425258603
-0.0846458041
-0.1438108536
-0.2219174766
-0.1309107087
0.271901299
0.3248289804
0.1306095972
0.044392553
0.0216127278
0.0654065767
-0.0266321314
-0.0531788476
-0.0869282065
-0.0584376384
0.0439309292
0.0285413471
0.0151661675
0.0732657959
0.0360316114
-0.1051475652
0.1256167606
0.1502539066
-0.120186883
0.0745005139
-0.0228216203
0.0718233291

India Ltd.
0.0357340387
0.0845218099
0.0443641009
0.0631513492
0.1292446511
0.0908887614
-0.0977539596
0.1316070816
0.0658982003
0.0365366916
0.006570658
0.0125158079
0.0512746375
-0.0637904454
0.1269765814
0.0278935229
0.1274449466
-0.0634122168
0.057029115
0.0317009097
-0.0794641714
-0.0636366723
0.0686366827
-0.0675688769
0.0625688665
-0.0372777398
0.0512152476
0.1506844719
-0.0310905871
-0.0913268956
0.0624038561
-0.0725464207
-0.016642577
-0.0610566006
0.0426251946
-0.0542348237
0.0994513713
0.0242119589
0.0480751762
-0.0698873259
0.0937400469
0.0406299202
0.0268777809
0.0435111539
-0.0289300937
0.0293206424

-0.0224099014
0.048116972
-0.0805936936
0.1179625979
-0.2118209954
-0.1009759173
-0.0479366386
-0.0957551941
0.1234441911
0.1566788738
-0.0177519455
-0.0290227155
-0.0340044906
-0.0552650106
-0.0396902489
-0.3528714234
-0.1494488118
-0.2862427795
0.0980202086
0.1662002487
0.1876075164
0.2495535067
0.219660206
-0.0004068072
0.0440405824
0.0041957157
-0.0896390871
-0.185080627
0.2289700879
-0.0088149444
0.1874309205
0.3055973648
-0.0286859701
0.0627326277
0.1774059666
0.2561053536
0.1552213437
-0.0510714788
-0.1259277859 9.24086310320E-005
0.2410320093
0.0556222955
-0.0125451517
-0.0233452993
0.0397618301
0.2028075439
0.0734116279
0.0365059003
-0.1094552137
0.0838547697
0.1022215737
0.1107278614

0.0066160973
0.0290540314
-0.0486394596
0.080164414
0.0762441128
0.0562370754
-0.006094646
0.0378833179
0.0104777538
0.0384894172
0.0525756576
-0.0755514557
0.0279780154
0.0096393327
0.0083948966
0.0351211401
-0.0022290341
0.0500512402
-0.0050538743
0.1001469486
0.1153944461
-0.0459674107
0.0193921155
0.0616369647
-0.0301297415
0.0919013623

Expected Return
Asian Paints Ltd.
I T C Ltd.
Marico Ltd.
0.0331442357
0.0195723794
0.0253394227
Variance- Covariance Matrix
Asian Paints Ltd.
I T C Ltd.
Asian Paints Ltd.
0.0061100061
0.0066771555
I T C Ltd.
0.0066771555
0.0033126826
Marico Ltd.
0.0056292967
0.0066176091
Motherson Sumi Systems Ltd.
0.0038525062
0.0046190145
Voltas Ltd.
0.0044120716
0.0046746318
Yes Bank Ltd.
0.0056170943
0.0034350075
Dabur India Ltd.
0.0013357502
0.0020004487

Stock
Weights
Asian Paints Ltd.
I T C Ltd.
Marico Ltd.
Motherson Sumi Systems Ltd.
Voltas Ltd.
Yes Bank Ltd.
Dabur India Ltd.

0.70
-0.02
-0.01
-0.24
0.34
0.02
0.21
1

Base Case
Expected Return
Portfolio Variance
standard deviation

Expected Return

2.76%
0.63%
7.93%

Standad deviation
Expected Return
1.00%
5.96%
1.00%
1.50%
5.17%
1.50%
2.00%
4.70%
2.00%
2.50%
4.67%
2.50%
3.00%
5.06%
3.00%
3.50%
5.81%
3.50%
4.00%
6.79%
4.00%
4.50%
7.92%
4.50%
5.00%
9.14%
5.00%

Expected Return Vs Portfolio Standard deviation

6.00%
5.00%
4.00%
Expected Return
3.00%

6.00%
5.00%
4.00%
Expected Return
3.00%
2.00%
1.00%
0.00%
4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Return
Motherson Sumi S
Voltas Ltd. Yes Bank LtDabur India Ltd.
0.0396439171 0.02538 0.036756 0.024478

ance Matrix
Marico Ltd.
Motherson Voltas Ltd. Yes Bank LtDabur India Ltd.
0.0056292967 0.003853 0.004412 0.005617 0.001336
0.0066176091 0.004619 0.004675 0.003435
0.002
0.00383707 0.00433 0.005887 0.003139 0.001239
0.0043303274 0.007664 0.002514 0.002292 0.000994
0.0058867677 0.002514 0.018277 0.003595 8.71E-005
0.0031394362 0.002292 0.003595 0.020579 0.00038
0.0012393331 0.000994 8.71E-005 0.00038 0.003624

ndard deviation

Expected Return

Expected Return

10.00%

Asian PaintI T C Ltd. Marico Ltd.Motherson Lupin Ltd. Yes Bank LtDabur India Ltd.
Jan-09
78.88
90.05
58.2
25.98
113.95
61.15
43.98
Feb-09
78.64
91.53
57.8
25.71
129.86
51.3
45.58
Mar-09
78.64
92.42
60.3
30.09
136.91
50
49.6
Apr-09
88.83
94.45
68.35
33.11
143.71
77.2
51.85
May-09
108
91.83
69.55
34.64
167.23
125.65
55.23
Jun-09
118.78
95.38
73.05
33.53
163.24
148.85
62.85
Jul-09
141.14
124.6
88.1
34.49
190.08
159.65
68.83
Aug-09
140.03
115.47
85.65
38.09
203.03
167.45
62.42
Sep-09
140.58
116.53
89.5
50.49
227
205.05
71.2
Oct-09
164.23
127.4
97.8
49.8
245.99
238.25
76.05
Nov-09
167.97
128.55
103.5
56.36
275.06
252.55
78.88
Dec-09
179.72
125.4
103.15
58.67
294.82
266.15
79.4
Jan-10
185.22
125.08
98.4
63.31
284.53
249.25
80.4
Feb-10
181
116.13
103.3
56.69
300.14
236.6
84.63
Mar-10
203.88
131.53
109.05
55.09
325.47
256.2
79.4
Apr-10
207.88
132.93
107.5
62.89
341.27
285.65
90.15
May-10
208.61
141.6
107.3
62.4
372.04
287.95
92.7
Jun-10
230.18
152.72
129.5
64.67
393.57
269.3
105.3
Jul-10
260.33
154.38
124.05
74.73
375.59
295.65
98.83
Aug-10
276.27
163.15
125.65
79.22
356.4
311.2
104.63
Sep-10
266.32
178.3
127.45
80.78
388.1
350.15
108
Oct-10
268.78
171.2
137.15
81.47
438.3
359.5
99.75
Nov-10
264.89
171.9
129.9
83.87
511.45
306.15
93.6
Dec-10
287.87
174.65
119.7
80.93
482.45
312.8
100.25
Jan-11
257.75
162.6
125.65
79.93
421.9
263.1
93.7
Feb-11
240.07
169
119.05
87.93
381.2
256
99.75
Mar-11
252.58
182.1
139.45
95.47
416.65
309.6
96.1
Apr-11
277.46
192.35
140.65
102.33
440.85
305.15
101.15
May-11
313.34
193.35
149.9
101.33
469.9
300.8
117.6
Jun-11
318.51
202.95
155.55
100.2
449.2
312.05
114
Jul-11
313.4
208.35
168
101.82
454.75
310.65
104.05
Aug-11
328.61
200
148.25
83.2
448.75
277.55
110.75
Sep-11
315.76
198
143.85
78.53
474.35
272.55
103
Oct-11
315.96
213.15
154.55
83.13
470.2
314.3
101.3
Nov-11
287.94
200.7
145.75
67.62
474.35
272.2
95.3
Dec-11
259.24
201.3
145.35
60.56
447.85
238.8
99.45
Jan-12
299.53
203.95
151.8
72.6
475
330.45
94.2
Feb-12
317.06
207.65
157.3
84.84
480.85
345.45
104.05
Mar-12
324.2
226.9
175.3
82.82
529.5
368.8
106.6
Apr-12
352.68
245.5
177.1
79.53
552.4
349.7
111.85
May-12
402.16
229.35
175.2
73.18
541.7
329.85
104.3
Jun-12
388.86
258.9
183.7
72.64
537.15
339.4
114.55
Jul-12
364.23
258.15
196.1
71.29
600.9
365.2
119.3
Aug-12
364.07
267.65
200
81.11
593.1
328.75
122.55
Sep-12
393.48
272.4
200.1
99.38
595.95
382.05
128
Oct-12
387.12
282.55
209.55
103.8
566.45
411.6
124.35
Nov-12
433.04
298.5
222.05
116.2
591
442.25
128.05

Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15

443.26
450.12
427.22
491.73
468.13
486.31
463.65
507.6
420.95
459.25
539.45
503.65
490
471.7
473
547.95
505.15
507.6
594
628.65
624.2
629.55
657
744.7
752.3
857.75

286.8
307.65
294.8
309.45
328.85
339.9
324.35
341.7
308.7
340.4
335
320.4
321.85
325.1
327.65
352.85
340.75
341.75
325.05
356.05
355.3
370.2
355.2
363.15
368.7
368.55

218.05
226.55
213.4
212.9
225.4
236.05
207.65
209.55
212.55
219.9
211.95
216.05
216.7
214
211
209.15
204
243.95
244.05
255.65
272.25
310
311.25
323.15
325.15
360.8

132.17
131.67
131.27
129.43
129.87
143.1
132.17
137.03
129.5
153.3
179.9
188.73
182.5
204.1
231.75
255.55
253.75
299.55
324.25
364.95
371.95
395.65
420.45
428.1
457.5
451.1

613.85
604.3
584.95
628.55
702.6
737.7
781.45
871.15
796.2
855.85
887.9
855.85
908.15
881.9
995.45
933.15
989.6
935.95
1048.05
1181.75
1285.4
1395.65
1369.05
1480.45
1427.95
1585.3

464.05
522.15
472
428.9
501.65
487.3
461.1
324
243.35
287.35
368.8
368.65
370.2
307.65
304.95
413.95
440.75
569.4
541.05
541.1
572.05
558.85
684.5
709.95
772.05
862.45

128.9
132.7
126.4
136.95
147.8
156.35
155.4
161.4
163.1
169.5
178.65
165.65
170.35
172
173.45
179.65
179.25
188.45
187.5
207.25
232.6
222.15
226.5
240.9
233.75
256.25

abur India Ltd.

Returns
Asian PaintI T C Ltd.
Marico Ltd.
Motherson Sumi System
-0.003047
0.0163017158
-0.0068965791
-0.01044699
0
0.009676618
0.0423433281
0.1573128694
0.121844
0.0217271885
0.1253094594
0.0956424609
0.195407
-0.0281315523
0.0174043552
0.0451737321
0.095142
0.0379298712
0.0490982198
-0.0325685232
0.172479
0.2672396935
0.1873283947
0.0282288665
-0.007896
-0.0760978504
-0.0282033082
0.0992823535
0.00392
0.0091379946
0.0439694005
0.2818235164
0.155491
0.0891829926
0.0886859518
-0.0137603128
0.022518
0.0089861906
0.0566470357
0.123744703
0.067615
-0.0248093055
-0.0033873732
0.0401688359
0.030144
-0.0025550956
-0.0471434355
0.0761147716
-0.023047
-0.0742432793
0.0485965721
-0.1104454662
0.119035
0.1245247092
0.0541691165
-0.0286296169
0.019429
0.0105877114
-0.0143156451
0.1324189571
0.003505
0.0631835074
-0.0018621979
-0.0078218932
0.098395
0.0755999982
0.1880522315
0.0357321401
0.123088
0.0108109161
-0.042996171
0.1445842025
0.059429
0.0552529275
0.0128155539
0.0583471743
-0.03668
0.0887975018
0.0142238668
0.0195006179
0.009195
-0.0406350612
0.0733510866
0.0085054442
-0.014579
0.0040804487
-0.0543102937
0.0290331267
0.083194
0.0158710589
-0.0817763111
-0.0356833975
-0.110519
-0.0714907741
0.0485116514
-0.0124333319
-0.07106
0.0386055178
-0.0539566911
0.0953897918
0.050797
0.0746572718
0.1581625411
0.0822710186
0.093949
0.0547606425
0.0085684209
0.0693908231
0.121612
0.0051853889
0.0636938702
-0.0098203676
0.016365
0.0484576252
0.0369988182
-0.0112143288
-0.016174
0.0262597146
0.0769967561
0.0160383598
0.047391
-0.0409019913
-0.1250639415
-0.2019592006
-0.039889
-0.0100503359
-0.0301289479
-0.0577666304
0.000633
0.0737291125
0.0717465786
0.0569249302
-0.092863
-0.0601848874
-0.0586248433
-0.2065018503
-0.104998
0.0029850768
-0.0027481982
-0.1102691882
0.14446
0.0130785331
0.043419238
0.1813303127
0.056876
0.0179791043
0.0355909451
0.1558022079
0.02227
0.0886554217
0.1083439819
-0.0240975516
0.084201
0.0787875554
0.0102157529
-0.0405352691
0.131289
-0.0680477262
-0.0107863663
-0.0832121494
-0.033631
0.1211926657
0.0473758137
-0.0074064253
-0.065434
-0.0029010754
0.065320741
-0.0187596692
-0.000439
0.0361393455
0.0196926333
0.129050193
0.077684
0.0175914174
0.000499875
0.2031446281
-0.016296
0.0365839518
0.0461451328
0.0435150846
0.112095
0.0549144068
0.0579402074
0.1128468737

0.023326
0.015358
-0.052215
0.140631
-0.049184
0.0381
-0.047716
0.090564
-0.18718
0.087081
0.160955
-0.068669
-0.027476
-0.038062
0.002752
0.147089
-0.081329
0.004838
0.157186
0.056695
-0.007104
0.008534
0.042679
0.125297
0.010154
0.131178

-0.0399848241
0.0701776645
-0.0426656129
0.0484993679
0.0608051916
0.033049737
-0.046828277
0.0521099795
-0.1015632276
0.0977514652
-0.0159908649
-0.0445603166
0.0045153833
0.0100472288
0.0078131382
0.074097072
-0.0348939669
0.002930405
-0.050100459
0.0910921538
-0.0021086674
0.0410808971
-0.041362389
0.0221349609
0.0151673332
-0.0004069176

-0.0181781874
0.0382412768
-0.0597973322
-0.002345767
0.0570540297
0.0461670454
-0.1281896769
0.0091084043
0.0142148804
0.0339956428
-0.0368224998
0.0191594646
0.0030040462
-0.0125378935
-0.0141178815
-0.0088064356
-0.024931704
0.1788432924
0.0004098361
0.0464361992
0.0629114403
0.1298515357
0.0040241503
0.0375201639
0.0061700026
0.1040371739

0.1287761284
-0.0037901804
-0.0030425216
-0.0141160764
0.0033937557
0.0970097364
-0.0794547138
0.0361109072
-0.0565189988
0.1687159047
0.1600043551
0.0479162813
-0.0335672492
0.1118598968
0.1270491346
0.0977588808
-0.0070685549
0.1659318182
0.0792334747
0.1182455347
0.0189990787
0.0617705454
0.0607955842
0.0180312469
0.0664200716
-0.0140878403

Returns
Lupin Ltd.
Yes Bank Ltd.
Dabur
0.1306971914
-0.17563911
0.0528668286
-0.0256677467
0.0484736044
0.4343764516
0.1515727303
0.487100807
-0.0241485999
0.1694388235
0.1522235256
0.0700448317
0.0659087152
0.0477008801
0.1115962661
0.2025690526
0.0803408672
0.1500666907
0.111698371
0.0582887064
0.0693757449
0.0524508107
-0.0355263045
-0.0656036508
0.0534103363
-0.0520854573
0.081021259
0.0795874379
0.0474036613
0.1088088957
0.0863274225
0.0080195688
0.0562575674
-0.0669608541
-0.0467608198
0.0933503224
-0.0524444273
0.05125947
0.0852093428
0.1179258418
0.121640569
0.0263525431
0.1543462215
-0.1606389992
-0.0583725404
0.0214888307
-0.1341089693
-0.1730298206
-0.1014441474
-0.0273567436
0.088922369
0.1901036972
0.0564581407
-0.0144776827
0.0638152246
-0.0143578669
-0.0450516832
0.0367178393
0.0122795945
-0.0044965549
-0.0132818776
-0.1126657794
0.055479506
-0.0181790136
-0.0087873097
0.1425258603
0.0087873097
-0.1438108536
-0.0574870909
-0.1309107087
0.0588564491
0.3248289804
0.0122405671
0.044392553
0.0963777939
0.0654065767
0.0423392565
-0.0531788476
-0.0195600789
-0.0584376384
-0.0084349576
0.0285413471
0.1121511462
0.0732657959
-0.0130655125
-0.1051475652
0.0047937521
0.1502539066
-0.0507679556
0.0745005139
0.0424272021
0.0718233291

India Ltd.
0.0357340387
0.0845218099
0.0443641009
0.0631513492
0.1292446511
0.0908887614
-0.0977539596
0.1316070816
0.0658982003
0.0365366916
0.006570658
0.0125158079
0.0512746375
-0.0637904454
0.1269765814
0.0278935229
0.1274449466
-0.0634122168
0.057029115
0.0317009097
-0.0794641714
-0.0636366723
0.0686366827
-0.0675688769
0.0625688665
-0.0372777398
0.0512152476
0.1506844719
-0.0310905871
-0.0913268956
0.0624038561
-0.0725464207
-0.016642577
-0.0610566006
0.0426251946
-0.0542348237
0.0994513713
0.0242119589
0.0480751762
-0.0698873259
0.0937400469
0.0406299202
0.0268777809
0.0435111539
-0.0289300937
0.0293206424

0.0379345812
0.048116972
-0.0156798353
0.1179625979
-0.0325443899
-0.1009759173
0.0718892059
-0.0957551941
0.1113721605
0.1566788738
0.0487494981
-0.0290227155
0.0576139304
-0.0552650106
0.1086630096
-0.3528714234
-0.0899637673
-0.2862427795
0.0722447166
0.1662002487
0.0367639969
0.2495535067
-0.0367639969
-0.0004068072
0.0593144361
0.0041957157
-0.0293308923
-0.185080627
0.1211162253
-0.0088149444
-0.0646289366
0.3055973648
0.0587348614
0.0627326277
-0.0557387648
0.2561053536
0.1131245174
-0.0510714788
0.120065096 9.24086310320E-005
0.0840735633
0.0556222955
0.0822903026
-0.0233452993
-0.0192431879
0.2028075439
0.078229027
0.0365059003
-0.0361062463
0.0838547697
0.1045338146
0.1107278614

0.0066160973
0.0290540314
-0.0486394596
0.080164414
0.0762441128
0.0562370754
-0.006094646
0.0378833179
0.0104777538
0.0384894172
0.0525756576
-0.0755514557
0.0279780154
0.0096393327
0.0083948966
0.0351211401
-0.0022290341
0.0500512402
-0.0050538743
0.1001469486
0.1153944461
-0.0459674107
0.0193921155
0.0616369647
-0.0301297415
0.0919013623

Expected Return
Asian Paints Ltd.
I T C Ltd.
Marico Ltd.
0.0331442357
0.0195723794
0.0253394227
Variance- Covariance Matrix
Asian Paints Ltd.
I T C Ltd.
Asian Paints Ltd.
0.0061100061
0.0066771555
I T C Ltd.
0.0066771555
0.0033126826
Marico Ltd.
0.0056292967
0.0066176091
Motherson Sumi Systems Ltd.
0.0038525062
0.0046190145
Lupin Ltd.
0.0044120716
0.0046746318
Yes Bank Ltd.
0.0056170943
0.0034350075
Dabur India Ltd.
0.0013357502
0.0020004487
risk free asset
0
0
Stock
Weights
Asian Paints Ltd.
I T C Ltd.
Marico Ltd.
Motherson Sumi Systems Ltd.
Lupin Ltd.
Yes Bank Ltd.
Dabur India Ltd.
risk free asset

0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.13
1

Base Case
Expected Return
Portfolio Variance
standard deviation

2.76%
0.31%
5.54%

Expected Return

Standad deviation
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%

0.97%
1.93%
2.90%
3.86%
4.83%
5.79%
6.76%
7.73%
8.69%

Expected Return
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%

Return
Motherson Sumi S
Lupin Ltd. Yes Bank LtDabur Indiarisk free asset
0.0396439171 0.036566 0.036756 0.024478
0.005

ance Matrix
Marico Ltd.
Motherson Lupin Ltd. Yes Bank LtDabur India Ltd. risk free asset
0.0056292967 0.003853 0.004412 0.005617 0.0013357502
0
0.0066176091 0.004619 0.004675 0.003435 0.0020004487
0
0.00383707 0.00433 0.005887 0.003139 0.0012393331
0
0.0043303274 0.007664 0.002514 0.002292
0.000993919
0
0.0058867677 0.002514 0.004431 0.003595 8.711033E-005
0
0.0031394362 0.002292 0.003595 0.020579
0.000379876
0
0.0012393331 0.000994 8.71E-005 0.00038 0.0036235179
0
0
0
0
0
0
0

Expected Return
6.00%
5.00%
4.00%

Exp

3.00%
2.00%
1.00%
0.00%
0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

rn

Expected Return

10.00%

Expected Return Vs Portfolio Standard deviation

6.00%
5.00%
4.00%

Expe

3.00%
2.00%
1.00%
0.00%
4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Expected Return with risk free asset

6.00%
5.00%
4.00%

Expe

3.00%
2.00%
1.00%
0.00%
0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00% 10.00%

ard deviation
Efficient Portfolio Mix
Expected Return

6.00%
5.00%
4.00%

10.00%
3.00%

e asset

.00% 10.00%

2.00%
1.00%
Expected Return
0.00%
0.00%

2.00%

4.00%

6.00%

8.00%

10.00

rtfolio Mix

Expected Return
Expected Return

8.00%

10.00%