Team Genus Correlation | MF Category Correlation | MF Category Correlation Matrix | Mutual Fund Category correlation

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MF Category Correlation Matrix

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The following table shows return correlations between various MF Category over the past 6 Months.

		C1	C2	C3	C4	C5	C6	C7	C8	C9	C10	C11	C12	C13	C14	C15	C16	C17	C18	C19	C20	C21	C22	C23	C24	C25	C26	C27	C28	C29	C30	C31	C32	C33	C34	C35	C36	C37	C38	C39	C40	C41	Return	SD
Category Average - Aggressive	C1	1.00	0.16	-0.36	0.11	-0.22	-0.01	0.02	0.51	0.43	-0.02	0.16	0.24	0.12	0.12	0.08	0.01	0.33	0.63	0.01	0.09	0.12	-0.05	0.00	0.07	0.37	0.03	-0.30	0.23	0.08	-0.05	0.08	0.08	0.05	0.54	0.11	0.05	0.64	0.09	-0.01	0.02	0.65	0.00	7.39
Category Average - Arbitrage	C2	0.16	1.00	0.28	0.24	0.36	-0.17	0.65	0.10	0.61	-0.13	0.87	0.80	0.69	0.39	0.86	0.36	0.00	-0.11	0.30	0.85	0.04	-0.01	0.00	0.75	0.77	-0.13	0.12	0.84	0.02	0.44	0.85	0.85	0.74	0.09	0.55	-0.16	-0.07	0.61	-0.18	-0.03	-0.11	0.00	43.43
Category Average - Dynamic Bond	C3	-0.36	0.28	1.00	0.24	0.66	-0.19	0.37	-0.47	-0.02	-0.15	0.27	0.27	0.31	0.37	0.30	0.26	-0.33	-0.02	0.19	0.29	-0.09	0.00	0.00	0.28	0.26	-0.19	0.60	0.28	0.01	0.18	0.30	0.30	0.29	0.21	0.30	0.01	-0.02	0.14	-0.19	-0.02	-0.07	0.00	71.24
Category Average - ELSS	C4	0.11	0.24	0.24	1.00	0.24	0.02	0.16	0.03	0.16	0.05	0.22	0.18	0.21	0.66	0.24	0.26	0.00	-0.02	0.15	0.25	0.01	-0.01	0.00	-0.03	0.23	0.02	0.35	0.23	-0.25	0.32	0.23	0.25	0.13	0.37	0.13	-0.00	0.05	0.16	0.01	-0.00	-0.06	0.00	83.33
Category Average - Equity Savings	C5	-0.22	0.36	0.66	0.24	1.00	-0.02	0.42	-0.35	0.07	0.01	0.38	0.41	0.38	0.30	0.36	0.16	-0.25	0.04	0.26	0.34	-0.06	-0.00	0.00	0.30	0.35	-0.01	0.54	0.37	-0.05	0.32	0.35	0.34	0.35	0.21	0.26	0.09	0.04	0.13	-0.03	-0.03	0.02	0.00	49.20
Category Average - Flexi Cap	C6	-0.01	-0.17	-0.19	0.02	-0.02	1.00	-0.22	-0.02	-0.04	0.99	-0.16	-0.15	-0.19	-0.34	-0.18	-0.00	0.00	0.03	-0.02	-0.16	-0.01	-0.01	0.00	-0.16	-0.13	0.98	0.04	-0.16	-0.06	0.02	-0.18	-0.22	-0.18	-0.01	-0.16	-0.01	0.04	-0.22	1.00	-0.00	-0.08	0.00	652.51
Category Average - Gilt Fund	C7	0.02	0.65	0.37	0.16	0.42	-0.22	1.00	0.07	0.32	-0.19	0.73	0.73	0.78	0.44	0.68	0.40	0.00	-0.12	0.35	0.65	0.04	0.03	0.00	0.66	0.56	-0.19	0.14	0.66	-0.02	0.50	0.67	0.67	0.70	0.11	0.43	0.08	-0.10	0.52	-0.23	-0.02	-0.11	0.00	69.67
Category Average - Global	C8	0.51	0.10	-0.47	0.03	-0.35	-0.02	0.07	1.00	0.37	-0.01	0.10	0.10	0.06	-0.01	0.10	0.04	0.45	-0.06	-0.04	0.10	0.15	0.01	0.00	0.08	0.07	0.02	-0.39	0.10	-0.05	-0.02	0.10	0.10	0.08	0.19	0.09	-0.00	-0.07	0.02	-0.02	0.00	0.06	0.00	91.01
Category Average - Gold Funds	C9	0.43	0.61	-0.02	0.16	0.07	-0.04	0.32	0.37	1.00	-0.01	0.67	0.51	0.32	0.20	0.50	0.32	0.15	-0.02	0.28	0.55	0.07	0.01	0.00	0.45	0.54	0.00	-0.01	0.49	0.11	0.16	0.49	0.50	0.43	0.26	0.42	0.01	-0.01	0.37	-0.04	0.03	0.03	0.00	32.19
Category Average - Large Cap	C10	-0.02	-0.13	-0.15	0.05	0.01	0.99	-0.19	-0.01	-0.01	1.00	-0.13	-0.13	-0.17	-0.31	-0.14	0.02	0.03	0.02	-0.02	-0.12	0.03	-0.01	0.00	-0.13	-0.09	0.97	0.09	-0.12	-0.08	0.06	-0.13	-0.18	-0.14	0.03	-0.13	0.00	0.03	-0.20	0.99	-0.01	-0.08	0.00	600.32
Category Average - Liquid	C11	0.16	0.87	0.27	0.22	0.38	-0.16	0.73	0.10	0.67	-0.13	1.00	0.93	0.82	0.39	0.86	0.39	0.00	-0.11	0.35	0.85	0.04	0.01	0.00	0.74	0.78	-0.12	0.11	0.83	0.08	0.38	0.84	0.84	0.77	0.11	0.59	-0.15	-0.07	0.57	-0.17	-0.03	-0.11	0.00	67.05
Category Average - Mid Cap	C12	0.24	0.80	0.27	0.18	0.41	-0.15	0.73	0.10	0.51	-0.13	0.93	1.00	0.87	0.37	0.85	0.32	-0.01	0.10	0.28	0.84	0.04	0.02	0.00	0.75	0.83	-0.12	0.07	0.87	0.08	0.34	0.84	0.82	0.76	0.16	0.59	-0.15	0.11	0.59	-0.16	-0.05	0.03	0.00	38.52
Category Average - Multi Cap	C13	0.12	0.69	0.31	0.21	0.38	-0.19	0.78	0.06	0.32	-0.17	0.82	0.87	1.00	0.44	0.82	0.50	0.01	-0.03	0.30	0.81	0.07	0.04	0.00	0.72	0.74	-0.16	0.09	0.81	0.00	0.41	0.81	0.79	0.81	0.15	0.61	-0.16	0.02	0.59	-0.20	-0.05	-0.10	0.00	53.83
Category Average - Small Cap	C14	0.12	0.39	0.37	0.66	0.30	-0.34	0.44	-0.01	0.20	-0.31	0.39	0.37	0.44	1.00	0.40	0.39	-0.00	-0.02	0.31	0.40	0.04	-0.00	0.00	0.18	0.38	-0.32	0.26	0.40	-0.20	0.44	0.39	0.42	0.34	0.30	0.29	0.04	0.07	0.44	-0.34	-0.01	-0.06	0.00	69.65
CategoryAverage - Banking and PSU	C15	0.08	0.86	0.30	0.24	0.36	-0.18	0.68	0.10	0.50	-0.14	0.86	0.85	0.82	0.40	1.00	0.46	-0.00	-0.13	0.32	0.99	0.05	-0.02	0.00	0.87	0.88	-0.14	0.13	0.96	0.00	0.45	0.98	0.97	0.87	0.09	0.66	-0.16	-0.07	0.68	-0.19	-0.04	-0.19	0.00	19.79
CategoryAverage - Children Fund	C16	0.01	0.36	0.26	0.26	0.16	-0.00	0.40	0.04	0.32	0.02	0.39	0.32	0.50	0.39	0.46	1.00	0.00	-0.13	0.61	0.50	0.05	-0.01	0.00	0.39	0.42	-0.01	0.20	0.41	-0.07	0.32	0.45	0.45	0.46	0.23	0.43	-0.06	-0.08	0.41	-0.00	-0.01	-0.24	0.00	50.79
CategoryAverage - Conservative	C17	0.33	0.00	-0.33	0.00	-0.25	0.00	0.00	0.45	0.15	0.03	0.00	-0.01	0.01	-0.00	-0.00	0.00	1.00	-0.02	0.00	0.00	0.92	-0.00	0.00	0.14	0.17	0.02	0.16	0.15	-0.03	0.25	0.16	0.15	0.16	0.52	0.14	-0.00	0.00	-0.00	0.00	0.00	0.07	0.00	1041.36
CategoryAverage - Contra	C18	0.63	-0.11	-0.02	-0.02	0.04	0.03	-0.12	-0.06	-0.02	0.02	-0.11	0.10	-0.03	-0.02	-0.13	-0.13	-0.02	1.00	-0.11	-0.14	-0.01	-0.02	0.00	-0.07	0.26	0.04	-0.04	0.07	0.09	-0.18	-0.13	-0.13	-0.15	0.46	-0.01	0.09	0.84	-0.07	0.03	-0.04	0.90	0.00	7.62
CategoryAverage - Corporate Bond	C19	0.01	0.30	0.19	0.15	0.26	-0.02	0.35	-0.04	0.28	-0.02	0.35	0.28	0.30	0.31	0.32	0.61	0.00	-0.11	1.00	0.34	0.03	-0.01	0.00	0.31	0.28	-0.05	0.21	0.29	0.02	0.30	0.32	0.30	0.37	0.19	0.28	0.03	-0.09	0.30	-0.03	0.21	-0.16	0.00	97.44
CategoryAverage - Credit Risk	C20	0.09	0.85	0.29	0.25	0.34	-0.16	0.65	0.10	0.55	-0.12	0.85	0.84	0.81	0.40	0.99	0.50	0.00	-0.14	0.34	1.00	0.05	-0.01	0.00	0.87	0.88	-0.12	0.14	0.95	-0.02	0.44	0.98	0.97	0.87	0.10	0.68	-0.15	-0.08	0.69	-0.17	-0.04	-0.21	0.00	66.88
CategoryAverage - Dividend Yield	C21	0.12	0.04	-0.09	0.01	-0.06	-0.01	0.04	0.15	0.07	0.03	0.04	0.04	0.07	0.04	0.05	0.05	0.92	-0.01	0.03	0.05	1.00	-0.00	0.00	0.21	0.26	0.00	0.42	0.22	-0.03	0.31	0.23	0.22	0.23	0.52	0.21	-0.00	0.02	0.06	-0.01	-0.01	0.04	0.00	588.91
CategoryAverage - Dynamic Asset (BAF)	C22	-0.05	-0.01	0.00	-0.01	-0.00	-0.01	0.03	0.01	0.01	-0.01	0.01	0.02	0.04	-0.00	-0.02	-0.01	-0.00	-0.02	-0.01	-0.01	-0.00	1.00	0.00	0.01	-0.03	-0.01	-0.01	-0.02	-0.25	-0.01	-0.02	-0.02	-0.01	-0.04	-0.00	-0.01	-0.05	-0.02	-0.01	-0.00	-0.05	0.00	137.59
CategoryAverage - Fixed Income	C23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CategoryAverage - Floater	C24	0.07	0.75	0.28	-0.03	0.30	-0.16	0.66	0.08	0.45	-0.13	0.74	0.75	0.72	0.18	0.87	0.39	0.14	-0.07	0.31	0.87	0.21	0.01	0.00	1.00	0.80	-0.13	0.17	0.87	0.06	0.41	0.89	0.88	0.82	0.16	0.63	-0.14	-0.07	0.58	-0.17	-0.04	-0.11	0.00	21.03
CategoryAverage - Focused	C25	0.37	0.77	0.26	0.23	0.35	-0.13	0.56	0.07	0.54	-0.09	0.78	0.83	0.74	0.38	0.88	0.42	0.17	0.26	0.28	0.88	0.26	-0.03	0.00	0.80	1.00	-0.09	0.23	0.96	0.01	0.40	0.90	0.89	0.79	0.40	0.67	-0.11	0.30	0.61	-0.14	-0.05	0.18	0.00	16.17
CategoryAverage - FoFs Domestic	C26	0.03	-0.13	-0.19	0.02	-0.01	0.98	-0.19	0.02	0.00	0.97	-0.12	-0.12	-0.16	-0.32	-0.14	-0.01	0.02	0.04	-0.05	-0.12	0.00	-0.01	0.00	-0.13	-0.09	1.00	0.03	-0.12	-0.06	0.03	-0.14	-0.18	-0.14	0.01	-0.12	0.01	0.04	-0.20	0.98	-0.02	-0.06	0.00	364.56
CategoryAverage - Gilt Fund 10 yr duration	C27	-0.30	0.12	0.60	0.35	0.54	0.04	0.14	-0.39	-0.01	0.09	0.11	0.07	0.09	0.26	0.13	0.20	0.16	-0.04	0.21	0.14	0.42	-0.01	0.00	0.17	0.23	0.03	1.00	0.20	-0.13	0.39	0.22	0.23	0.22	0.46	0.20	0.05	-0.01	0.06	0.04	-0.02	-0.07	0.00	79.88
CategoryAverage - Large & Mid Cap	C28	0.23	0.84	0.28	0.23	0.37	-0.16	0.66	0.10	0.49	-0.12	0.83	0.87	0.81	0.40	0.96	0.41	0.15	0.07	0.29	0.95	0.22	-0.02	0.00	0.87	0.96	-0.12	0.20	1.00	-0.01	0.47	0.98	0.97	0.87	0.27	0.68	-0.15	0.12	0.66	-0.18	-0.05	0.00	0.00	35.08
CategoryAverage - Long Duration	C29	0.08	0.02	0.01	-0.25	-0.05	-0.06	-0.02	-0.05	0.11	-0.08	0.08	0.08	0.00	-0.20	0.00	-0.07	-0.03	0.09	0.02	-0.02	-0.03	-0.25	0.00	0.06	0.01	-0.06	-0.13	-0.01	1.00	-0.20	-0.00	-0.01	0.03	-0.02	0.01	0.07	0.05	-0.08	-0.06	0.06	0.14	0.00	1.99
CategoryAverage - Low Duration	C30	-0.05	0.44	0.18	0.32	0.32	0.02	0.50	-0.02	0.16	0.06	0.38	0.34	0.41	0.44	0.45	0.32	0.25	-0.18	0.30	0.44	0.31	-0.01	0.00	0.41	0.40	0.03	0.39	0.47	-0.20	1.00	0.50	0.50	0.48	0.29	0.20	0.04	-0.07	0.44	0.02	-0.03	-0.20	0.00	98.74
CategoryAverage - Medium Duration	C31	0.08	0.85	0.30	0.23	0.35	-0.18	0.67	0.10	0.49	-0.13	0.84	0.84	0.81	0.39	0.98	0.45	0.16	-0.13	0.32	0.98	0.23	-0.02	0.00	0.89	0.90	-0.14	0.22	0.98	-0.00	0.50	1.00	0.99	0.89	0.18	0.68	-0.16	-0.07	0.67	-0.19	-0.04	-0.18	0.00	31.92
CategoryAverage - Medium to Long Duration	C32	0.08	0.85	0.30	0.25	0.34	-0.22	0.67	0.10	0.50	-0.18	0.84	0.82	0.79	0.42	0.97	0.45	0.15	-0.13	0.30	0.97	0.22	-0.02	0.00	0.88	0.89	-0.18	0.23	0.97	-0.01	0.50	0.99	1.00	0.88	0.18	0.67	-0.15	-0.06	0.67	-0.23	-0.04	-0.17	0.00	35.92
CategoryAverage - Money Market	C33	0.05	0.74	0.29	0.13	0.35	-0.18	0.70	0.08	0.43	-0.14	0.77	0.76	0.81	0.34	0.87	0.46	0.16	-0.15	0.37	0.87	0.23	-0.01	0.00	0.82	0.79	-0.14	0.22	0.87	0.03	0.48	0.89	0.88	1.00	0.17	0.66	-0.09	-0.09	0.64	-0.19	-0.05	-0.19	0.00	74.36
CategoryAverage - Multi-Asset	C34	0.54	0.09	0.21	0.37	0.21	-0.01	0.11	0.19	0.26	0.03	0.11	0.16	0.15	0.30	0.09	0.23	0.52	0.46	0.19	0.10	0.52	-0.04	0.00	0.16	0.40	0.01	0.46	0.27	-0.02	0.29	0.18	0.18	0.17	1.00	0.17	0.06	0.48	-0.01	-0.01	-0.01	0.47	0.00	8.26
CategoryAverage - Overnight	C35	0.11	0.55	0.30	0.13	0.26	-0.16	0.43	0.09	0.42	-0.13	0.59	0.59	0.61	0.29	0.66	0.43	0.14	-0.01	0.28	0.68	0.21	-0.00	0.00	0.63	0.67	-0.12	0.20	0.68	0.01	0.20	0.68	0.67	0.66	0.17	1.00	-0.14	-0.06	0.41	-0.16	-0.05	-0.07	0.00	3.78
CategoryAverage - Retirement Fund	C36	0.05	-0.16	0.01	-0.00	0.09	-0.01	0.08	-0.00	0.01	0.00	-0.15	-0.15	-0.16	0.04	-0.16	-0.06	-0.00	0.09	0.03	-0.15	-0.00	-0.01	0.00	-0.14	-0.11	0.01	0.05	-0.15	0.07	0.04	-0.16	-0.15	-0.09	0.06	-0.14	1.00	0.07	0.03	-0.00	-0.00	0.10	0.00	169.32
CategoryAverage - Sectoral	C37	0.64	-0.07	-0.02	0.05	0.04	0.04	-0.10	-0.07	-0.01	0.03	-0.07	0.11	0.02	0.07	-0.07	-0.08	0.00	0.84	-0.09	-0.08	0.02	-0.05	0.00	-0.07	0.30	0.04	-0.01	0.12	0.05	-0.07	-0.07	-0.06	-0.09	0.48	-0.06	0.07	1.00	-0.01	0.04	0.01	0.77	0.00	7.47
CategoryAverage - Short Duration	C38	0.09	0.61	0.14	0.16	0.13	-0.22	0.52	0.02	0.37	-0.20	0.57	0.59	0.59	0.44	0.68	0.41	-0.00	-0.07	0.30	0.69	0.06	-0.02	0.00	0.58	0.61	-0.20	0.06	0.66	-0.08	0.44	0.67	0.67	0.64	-0.01	0.41	0.03	-0.01	1.00	-0.22	-0.09	-0.23	0.00	48.29
CategoryAverage - Thematic	C39	-0.01	-0.18	-0.19	0.01	-0.03	1.00	-0.23	-0.02	-0.04	0.99	-0.17	-0.16	-0.20	-0.34	-0.19	-0.00	0.00	0.03	-0.03	-0.17	-0.01	-0.01	0.00	-0.17	-0.14	0.98	0.04	-0.18	-0.06	0.02	-0.19	-0.23	-0.19	-0.01	-0.16	-0.00	0.04	-0.22	1.00	-0.00	-0.08	0.00	540.69
CategoryAverage - Ultra Short Duration	C40	0.02	-0.03	-0.02	-0.00	-0.03	-0.00	-0.02	0.00	0.03	-0.01	-0.03	-0.05	-0.05	-0.01	-0.04	-0.01	0.00	-0.04	0.21	-0.04	-0.01	-0.00	0.00	-0.04	-0.05	-0.02	-0.02	-0.05	0.06	-0.03	-0.04	-0.04	-0.05	-0.01	-0.05	-0.00	0.01	-0.09	-0.00	1.00	-0.02	0.00	40.95
CategoryAverage - Value	C41	0.65	-0.11	-0.07	-0.06	0.02	-0.08	-0.11	0.06	0.03	-0.08	-0.11	0.03	-0.10	-0.06	-0.19	-0.24	0.07	0.90	-0.16	-0.21	0.04	-0.05	0.00	-0.11	0.18	-0.06	-0.07	0.00	0.14	-0.20	-0.18	-0.17	-0.19	0.47	-0.07	0.10	0.77	-0.23	-0.08	-0.02	1.00	0.00	8.16

Note :

Returns upto 1 year are absolute and over 1 year are compounded and annualised.
Standard Deviations are calculated on daily return basis for the given period and are annualised.

Intra-Portfolio Diversification Diversification can be quantified as the intra-portfolio correlation. This indicate Percent of diversifiable risk eliminated.	40.19%
Portfolio Return	0.00%
Start Date	03 Apr 2023
End Date	02 Oct 2023

Each cell represents the correlation between the two corresponding assets.

Cell Color	Description	Diversification Benefit
-1.00 to -0.40	Asset pair with negative correlation	Excellent Diversification
-0.40 to 0.00	Asset pair with slight negative correlation	Good Diversification
0.00 to 0.60	Asset pair with mild positive correlation	Moderate Diversification
0.60 to 1.00	Asset pair with strong positive correlation	Poor Diversification

FUNDS :

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