Union Short Term Fund NAV Reaches 1663.2480 on Jan 18, 2019
By Market Desk
Union Short Term Fund’s Direct Plan NAV hit 1663.2480 on Jan 18, 2019. Explore its performance metrics like Alpha, Beta, and Sharpe Ratio.
The Union Short Term Fund(Ex) – Direct Plan registered a Net Asset Value (NAV) of 1663.2480 as of January 18, 2019. This key metric provides a snapshot of the fund’s per-unit value on the specified date.
Performance Metrics Overview
The fund’s performance and risk profile are evaluated through various “Quant Measures.” These include Mean Returns, Alpha, Beta, R-Squared, Treynor, and Sharpe Ratio. Standard Deviation also contributes to understanding return volatility.
Alpha assesses the fund manager’s capacity to outperform the market. Beta indicates portfolio risk relative to market movements, while R-Squared quantifies the percentage of fund returns explained by benchmark returns. Treynor and Sharpe Ratio both serve as risk-adjusted performance indicators.
Strategic Asset Allocation
The fund’s asset allocation strategy covers equity, debt, and cash components. It maintains defined minimum and maximum allocations across these categories, reflecting its investment approach over the past year.
A Risk Return Matrix visually represents the fund’s return profile against its risk, using Mean Return and Standard Deviation. The size of bubbles within this matrix illustrates the overall scale of the fund.
All data pertaining to mutual funds, Exchange Traded Funds (ETFs), and National Pension System (NPS) is reliably sourced from Value Research.