**Sharpe Ratio**

Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated
in excess to the investment in risk-free asset, for per unit of total risk
taken. While, positive Sharpe ratio indicates, portfolio compensating
investors with excess returns (over risk-free rate) for the commensurate
risk taken; negative Sharpe ratio indicates, investors are better off
investing in risk-free assets.

**Beta**

Beta (B) of a portfolio is a number indicating the relation between portfolio returns with
that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in
comparison to the market as a whole..

**Modified Duration**

A formula that expresses the measurable change in the value of a security in response
to a change in interest rates. Modified duration of portfolio can be used to anticipate the
change in market value of portfolio for every change in portfolio yield.

**Standard Deviation**

A statistical measure that defines expected volatility/risk associated with a portfolio.
This explains the variation/deviation from the average returns delivered by the portfolio.
A higher standard deviation means higher volatility (risk) and a lower standard deviation
means lower volatility.

**Risk Free Return**

The theoretical rate of return of an investment with safest (zero risk) investment in
a country.

**Tracking Error**

Tracking error indicates how closely the portfolio return is tracking the benchmark Index
return. It measures the deviation between portfolio return and benchmark index return.
A lower tracking error indicates portfolio closely tracking benchmark index and higher
tracking error indicates portfolio returns with higher deviation from benchmark index
returns.

**Total Expense Ratio**

Total expenses charged to scheme for the month expressed as a percentage to average
monthly net assets.

**Average Maturity
**

Weighted average maturity of the securities in scheme.

**Portfolio Yield (Yield To Maturity)**

Weighted average yield of the securities in scheme portfolio.