Interpretations:

1. BNP Paribas Mid-Cap Fund Scheme:

a. Since R-Squared is equal to 0.76>0.7. It implies that Beta is valid for this
fund.
b. Since Beta is valid, the Treynor Ratio is also valid for this fund.
Treynor Ratio for this scheme is 18.39 > 1. It implies that it is a Good fund
and a desired one as risk is lower than excess return earned.
c. Beta of the stock is equal to 1.13 > 1. It implies that this fund is riskier as
compared to the market.
d. Alpha for the fund is equal to 14.23. It implies that this fund is offering
excess of returns over the market returns. Also the returns from this fund
compensates for the risk taken by the fund manager for this fund.
e. Sharpe Ratio for this fund is equal to 1.12> 1. It indicates that it is a
Good fund as the risk taken to earn excess return is less than the excess
return.

2. BNP Paribas Dividend Yield Fund Scheme:

a. Since R-Squared is equal to 0.82>0.7. It implies that Beta is valid for this
fund.
b. Since Beta is valid, the Treynor Ratio is also valid for this fund.
Treynor Ratio for this scheme is 14.53 > 1. It implies that it is a Good fund
and a desired one as risk is lower than excess return earned.
c. Beta of the stock is equal to 1. It implies that risk of this fund is equal to
the risk of market. So the fund is as riskier as the market.
d. Alpha for the fund is equal to 8.75. It implies that this fund is offering
excess of returns over the market returns. Also the returns from this fund
compensates for the risk taken by the fund manager for this fund.
e. Sharpe Ratio for this fund is equal to 0.92 < 1. It indicates that it is a
below average fund as the risk taken to earn excess return is slightly more
than the excess return.

3. BNP Paribas Long term Equity Fund Scheme:

a. Since R-Squared is equal to 0.82>0.7. It implies that Beta is valid for this
fund.
b. Since Beta is valid, the Treynor Ratio is also valid for this fund.
Treynor Ratio for this scheme is 12.56 > 1. It implies that it is a Good fund
and a desired one as risk is lower than excess return earned.
c. Beta of the stock is equal to 1.06 > 1. It implies that this fund is a bit
riskier as compared to the market.
d. Alpha for the fund is equal to 7.22. It implies that this fund is offering
excess of returns over the market returns. Also the returns from this fund
compensates for the risk taken by the fund manager for this fund.
e. Sharpe Ratio for this fund is equal to 0.8 < 1. It indicates that it is a
below average fund as the risk taken to earn excess return is more than
the excess return.
4. BNP Paribas Equity Fund - Direct Plan Scheme:
a. Since R-Squared is equal to 0.83 >0.7. It implies that Beta is valid for this
fund.
b. Since Beta is valid, the Treynor Ratio is also valid for this fund.
Treynor Ratio for this scheme is 11.81 > 1. It implies that it is a Good fund
and a desired one as risk is lower than excess return earned.
c. Beta of the stock is equal to 1.05 > 1. It implies that this fund is a bit
riskier as compared to the market.
d. Alpha for the fund is equal to 6.36. It implies that this fund is offering
excess of returns over the market returns. Also the returns from this fund
compensates for the risk taken by the fund manager for this fund.
e. Sharpe Ratio for this fund is equal to 0.76 < 1. It indicates that it is a
below average fund as the risk taken to earn excess return is more than
the excess return.

5. BNP Paribas Equity Fund Scheme:

a. Since R-Squared is equal to 0.83>0.7. It implies that Beta is valid for this
fund.
b. Since Beta is valid, the Treynor Ratio is also valid for this fund.
Treynor Ratio for this scheme is 10.89 > 1. It implies that it is a Good fund
and a desired one as risk is lower than excess return earned.
c. Beta of the stock is equal to 1.05 > 1. It implies that risk of this fund is
riskier as compared to the market.
d. Alpha for the fund is equal to 5.37. It implies that this fund is offering
excess of returns over the market returns. Also the returns from this fund
compensates for the risk taken by the fund manager for this fund.
e. Sharpe Ratio for this fund is equal to 0.7 < 1. It indicates that it is a
below average fund as the risk taken to earn excess return is more.