World Milk Day

National Milk Day - India

Background

Milk Day is celebrated in India on 26th November 2021 in memory of the father of the white revolution, Dr. Verghese Kurien. In the year 2014, the Indian Dairy Association (IDA) took the initiative to celebrate National Milk Day in India. In the year 1965, Prime Minister Lal Bahadur Shastri assigned Dr. Kurien to create the National Dairy Development Board (NDDB).

Today

In India we have come a long way in becoming the world's largest milk producer. In the 70s the then chief minister of Maharashtra State had predicted that milk would be made available through taps, like tap water. India has achieved what he meant. Making milk available all when needed. I have plotted the 10 Largest Milk Producing Countries 2020. India was at the top with 196.18 million tonnes of milk production in 2019.

Mutual Funds Performance

The diagram shows two sub plots. The left subplot shows the 5 large cap funds by their names ans assets (AUM) in rupees crores.

One way to judge a fund is by its AUM. The AUM has grown because investors have invested money it. The large AUM may overcome the sudden withdrawals by investors. 

But this is not the only way to evaluate performance of a fund. 

So on the right hand side I have plotted another chart indicating the performance (returns) of the fund over last 10 years for the regular scheme. All funds have given a return in excess of 10 per cent. 

10 years may be a good indicator to judge the performance. 

However both the parameters together may not be sufficient to evaluate performance of funds. There are other factors as well that are not considered in this post.

The data has been analyzed and plotted using Python3 and pandas. 

This time I imported .xls file in to pandas for analysis. 

The source of the data is https://www.amfiindia.com

Disclaimer: This post is not a suggestion or advice to invest in any particular mutual fund. Please contact your investor advisor for it.