you are advising a client who has BDT $500,000$ to invest in mutual fund to meet their yearly investments need. Client is looking to invest the across two fund. Using the performance messure recommended which two funds cclient should select from the below;

Portfolio fund Portfoloio actual return portfolio standard deviation single index model R$2$ Portfolio Beta

M $14\%19\%0\mathrm{.}571\mathrm{.}15$

N $16\%28\%0\mathrm{.}751\mathrm{.}20$

O $12\%15\%0\mathrm{.}89\mathrm{.}95$

P $11\%13\%0\mathrm{.}82\mathrm{.}80$

Risk free rate$=7\mathrm{.}20\%,$ Market rate premium$=4\mathrm{.}5\%,$ Market standard Deviation$=18\mathrm{.}4\%$