Title: Relationship of Nippon India with Nifty50<\/p>\n
Author: Neeraj Dilip Pathak<\/p>\n
Introduction: Nippon India Asset Management Company, a leading player in the Indian asset management industry, has made a significant mark since its establishment in 1996. The company, formerly known as Reliance Mutual Fund, is recognized for its robust investment strategies and extensive product offerings, catering to a diverse clientele of retail and institutional investors.<\/p>\n
Nippon India reached its highest share price of around \u20b9400 per share in early 2021, reflecting strong investor confidence and the growing interest in mutual funds amid a recovering economy. This peak was driven by the company\u2019s solid performance, innovative fund management practices, and a focus on digital transformation to enhance investor engagement.<\/p>\n
Objective: To find out Beta of NIPPON and it\u2019s significance.<\/p>\n
Data Collection: Data for Nifty50 and NIPPON INDIA was downloaded from NSE website, further period 1st<\/sup> April 2023 to 31st<\/sup> March 2024. Data was manipulated to get Friday closing prices & weekly returns were calculated by the Formula: (Yt-1 – Yt)\/Yt*100 Weekly returns of NIPPON was regressed on weekly returns of Nifty50.<\/p>\n Data Analysis: Weekly return of NIPPON = 0.51 + (-0.01)<\/p>\n N = 46, R2 = 0.0025, t-stat = (-0.3365), F = 0.1132, P-value = 0.7380<\/p>\n The above equation shows the relationship between Niffty50 & NIPPON INDIA. The negative sign before 0.01 means if Nifty50 raises Nippon decrease & vice versa. The Coefficient of Nifty50 has t-stat = (-0.3365) & the P value of which is 0.7380 meaning Nifty50 is not statistically significant. To increase the prices of NIPPON, R2 is 0.0025 meaning 0.25% of NIPPON prices are explained by Nifty50. 99.9% dependent upon other factors like fundamentals are other factors. F is 0.1132 & the P value of this is 0.7380 meaning it is more than 0.05 meaning the overall model is not statistically significant.<\/p>\n Conclusion:<\/strong><\/p>\n -0.01 coefficient is negative, so avoid this for any investment.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Title: Relationship of Nippon India with Nifty50 Author: Neeraj Dilip Pathak Introduction: Nippon India Asset Management Company, a leading player in the Indian asset management industry, has made a significant mark since its establishment in 1996. The company, formerly known as Reliance Mutual Fund, is recognized for its robust investment strategies and extensive product offerings,… Continue reading Relationship of Nippon India with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21522","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/139426"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21522"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21522\/revisions"}],"predecessor-version":[{"id":21523,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21522\/revisions\/21523"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21522"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}