27314798 presentation-of-summer-training-project-report-on-mutual-fund
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27314798 presentation-of-summer-training-project-report-on-mutual-fund 27314798 presentation-of-summer-training-project-report-on-mutual-fund Presentation Transcript

  • ““DESCRIPTIVE STUDY OF MUTUALDESCRIPTIVE STUDY OF MUTUALFUNDS AND STUDY OF INVESTORSFUNDS AND STUDY OF INVESTORSPERCEPTION ABOUT INVESTMENT INPERCEPTION ABOUT INVESTMENT INMUTUAL FUNDS”MUTUAL FUNDS”SUMEETKHANDELWALMBA 3rdSEM
  • Flow Of PresentationFlow Of PresentationObjectives of StudyObjectives of StudyTimeline of Mutual FundsTimeline of Mutual FundsOverview of Mutual Fund IndustryOverview of Mutual Fund IndustryWorking of Mutual FundsWorking of Mutual FundsCompany ProfileCompany ProfileConcept of Mutual FundConcept of Mutual FundTypes of Mutual FundsTypes of Mutual FundsRole of BrokersRole of BrokersBank V/S Mutual FundsBank V/S Mutual FundsRisk – TypesRisk – TypesAccounting and ValuationAccounting and ValuationResearch MethodologyResearch MethodologySample DesignSample DesignData Analysis and interpretationData Analysis and interpretationFindingsFindingsLimitationsLimitationsScope of StudyScope of StudyRecommendation and suggestionsRecommendation and suggestionsSample Questionnaire
  • OBJECTIVES OF THE STUDYOBJECTIVES OF THE STUDYTo study the Mutual funds industry in brief.To study the Mutual funds industry in brief.To gain the depth knowledge about the Mutual Funds.To gain the depth knowledge about the Mutual Funds.To study the Investment procedure in Mutual funds.To study the Investment procedure in Mutual funds.To study in brief various types Mutual funds.To study in brief various types Mutual funds.To study the investors Preference regarding InvestmentTo study the investors Preference regarding Investmentin Mutual Funds.in Mutual Funds.To know about the factor influencing choices of theTo know about the factor influencing choices of thecustomer regarding MFcustomer regarding MFOverall study of the perception of investors regardingOverall study of the perception of investors regardingMFMF View slide
  • Timeline of Mutual FundTimeline of Mutual FundPhase 1. (1964-87) Establishment andPhase 1. (1964-87) Establishment andgrowth of Unit Trust of Indiagrowth of Unit Trust of IndiaPhase 2. (1987-1993) Entry of publicPhase 2. (1987-1993) Entry of publicsector fundssector fundsPhase 3 (1993-96) Emergence of privatePhase 3 (1993-96) Emergence of privatesector fundssector fundsPhase 4 (1996-2004) Growth and SEBIPhase 4 (1996-2004) Growth and SEBIregulationsregulationsPhase 5 (2004 Onwards) Growth andPhase 5 (2004 Onwards) Growth andConsolidationConsolidation View slide
  • OVERVIEW OF MUTUAL FUNDOVERVIEW OF MUTUAL FUNDINDUSTRYINDUSTRY
  • Structure of Mutual Fund IndustryStructure of Mutual Fund IndustrySEBISEBISponsorSponsorTrusteesTrusteesAsset Management CompanyAsset Management CompanyUnit HoldersUnit HoldersCustodianCustodianThe Transfer AgentsThe Transfer Agents
  • WORKING OF MUTUAL FUNDWORKING OF MUTUAL FUND
  •  AnandRathi (AR) is a leading full service securities firmAnandRathi (AR) is a leading full service securities firmproviding the entire gamut of financial services.providing the entire gamut of financial services. Founded in 1994 by Mr. AnandRathi.Founded in 1994 by Mr. AnandRathi. Today has a pan India presence as well as an internationalToday has a pan India presence as well as an internationalpresence through offices in Dubai and Bangkok.presence through offices in Dubai and Bangkok. AR provides a breadth of financial and advisory servicesAR provides a breadth of financial and advisory servicesincluding wealth management, investment banking,including wealth management, investment banking,corporate advisory, brokerage & distribution of equities,corporate advisory, brokerage & distribution of equities,commodities, mutual funds and insurance etc.commodities, mutual funds and insurance etc.
  • SERVICESSERVICES Call n TradeCall n Trade Mutual FundMutual Fund Depository servicesDepository services CommoditiesCommodities IPOsIPOs InsuranceInsurance Online ReportsOnline Reports BondsBonds TradingTrading CurrencyCurrency Premium securitiesPremium securities
  • CONCEPT OF MUTUAL FUNDCONCEPT OF MUTUAL FUND A mutual fund is a professionally-A mutual fund is a professionally-managed firm of collective investmentsmanaged firm of collective investmentsthat pools money from many investorsthat pools money from many investorsand invest it in stocks, bonds etc.and invest it in stocks, bonds etc. Mutual fund have a fund manager whoMutual fund have a fund manager whoinvests the money on behalf of theinvests the money on behalf of theinvestors by buying/selling stocks,investors by buying/selling stocks,bonds etc.bonds etc. A Mutual Fund is a trust registered withA Mutual Fund is a trust registered withthe Securities and Exchange Board ofthe Securities and Exchange Board ofIndia (SEBI).India (SEBI).
  • Pros and Cons of MutualPros and Cons of MutualFundsFundsAdvantagesAdvantagesPortfolio DiversificationPortfolio DiversificationProfessionalProfessionalManagementManagementLow CostLow CostLiquidityLiquidityTransparencyTransparencyFlexibilityFlexibilityAffordabilityAffordabilityWell RegulatedWell RegulatedDisadvantagesDisadvantagesNo GuaranteeNo GuaranteeFees and CommissionFees and CommissionTaxesTaxesManagement RiskManagement Risk
  • Categories of Mutual FundCategories of Mutual Fund
  • RISK Vs. RETURN
  • Role of Brokers in a Mutual FundRole of Brokers in a Mutual FundThey enable the investment managers to buyThey enable the investment managers to buyand sell securities.and sell securities.Brokers are the registered members of the stockBrokers are the registered members of the stockexchange.exchange.They charge a commission for their services.They charge a commission for their services.In some cases, provide investment managersIn some cases, provide investment managerswith research reports.with research reports.Act as an important source of marketAct as an important source of marketinformation.information.
  • CATEGORY BANKS MUTUALFUNDSReturns Low HighAdministrative exp. High LowRisk Low ModerateInvestment options Less MoreNetwork High penetration Low but improvingLiquidity At a cost BetterQuality of assets Not transparent TransparentBANK V/S MUTUAL FUNDSBANK V/S MUTUAL FUNDS
  • RISKS ASSOCIATED WITHRISKS ASSOCIATED WITHMUTUAL FUNDSMUTUAL FUNDS
  • ACCOUNTING AND VALUATIONACCOUNTING AND VALUATIONNet Asset ValueNet Asset Value (NAV)(NAV)Calculation of Net Asset ValueCalculation of Net Asset ValueNAV =NAV = Market value of investmentsMarket value of investments+ Current assets and other assets+ Current assets and other assets+ Accrued income+ Accrued income- Current liabilities and other liabilities- Current liabilities and other liabilities- Accrued expenses- Accrued expenses
  • RESEARCH METHODOLOGYRESEARCH METHODOLOGYResearch ObjectiveResearch Objective: “: “STUDY OF INVESTORSSTUDY OF INVESTORSPERCEPTION ABOUT INVESTMENT INPERCEPTION ABOUT INVESTMENT INMUTUAL FUNDS”MUTUAL FUNDS”» Research DesignResearch Design:: ANALYTICALANALYTICAL» Data Collection MethodData Collection Method: SURVEY: SURVEY» Research InstrumentResearch Instrument:: QUESTIONNAIREQUESTIONNAIRE
  • SAMPLE DESIGNSAMPLE DESIGN» Sample SizeSample Size:: 100100» Sampling TechniqueSampling Technique::NONPROBABILITYNONPROBABILITYSAMPLING TECHNIQUESAMPLING TECHNIQUE» Data SourceData Source:: PRIMARYPRIMARY» Sampling MethodsSampling Methods:: TABLES ,CHARTS,GRAPHSTABLES ,CHARTS,GRAPHS» PlacePlace:: JAIPURJAIPUR» Type Of QuestionsType Of Questions:: CLOSE-ENDEDCLOSE-ENDED» Number Of QuestionsNumber Of Questions: 12: 12
  • DATA ANALYSISDATA ANALYSIS&&INTERPRETATIONINTERPRETATION
  • 1.Do you invest in Mutual Funds?1.Do you invest in Mutual Funds?63%28%9%yesnoearlier,nowstopped
  • 2. What is your Experience in the2. What is your Experience in themarket?market?Experience26%21%53%Less Than a Year1-4 YearsMore Than 4Years
  • 3.What is your Trading Preference?3.What is your Trading Preference?Trading Preference28%56%16%SpeculationInvestmentBoth
  • 4.What is your Average investment4.What is your Average investmentperiod?period?Less Than3 months3-9 Months 9 months -2 YearMore Than2 YearS123%10%42%25%0%50%Investment PeriodAverage Investment PeriodSeries1 23% 10% 42% 25%Less Than 3-9 Months 9 months - More Than
  • 5. Factors influencing the5. Factors influencing theinvestment decisions?investment decisions?32%10%6%20%30%2%0%10%20%30%40%Factors Influencing InvestmentSeries1 32% 10% 6% 20% 30% 2%Broke News Magzi Frien Self Other
  • 6.How much Risk are you willing to6.How much Risk are you willing totake?take?0% 20% 40% 60%LowHighModerate
  • 7.How much Appreciation do you7.How much Appreciation do youexpect from your Investments?expect from your Investments?Expected Rise In Income48%32%12%8%Upto 15%15-25%25-35%More than 35%
  • 8. What is your preference in8. What is your preference inMutual Funds?Mutual Funds?Preference in Mutual Funds19%18%20%9%15%17%2%Equity Balanced Income Money MarketELSS SIP Others
  • 9.How much loss are you willing to9.How much loss are you willing totake?take?53%35%12%0%10%20%30%40%50%60%PercentageLess than 5% 5-10% More Than10%CategoryLoss Willing To Take
  • 10. Which type of Mutual funds do10. Which type of Mutual funds doyou prefer?you prefer?Type of Schemes56%44%Closed Ended Funds Open Ended Funds
  • 11.Do you get influenced by the name of11.Do you get influenced by the name ofCompany promoting Mutual Funds?Company promoting Mutual Funds?23%56%21%0%10%20%30%40%50%60%
  • 12.Do you get influenced by the returns given by12.Do you get influenced by the returns given bya fund or by the current NAV of a fund?a fund or by the current NAV of a fund?23%56%21%0%10%20%30%40%50%60%BY NAV RETURNS Both
  • FINDINGSFINDINGS People with less experience were inclined towards investmentPeople with less experience were inclined towards investmentin the Mutual Funds.in the Mutual Funds. 48% respondents reflected confidence and optimism in the48% respondents reflected confidence and optimism in thecontext of their investments.context of their investments. Mutual Funds are more of an investment option than theMutual Funds are more of an investment option than thespeculative avenue.speculative avenue. Income funds and ELSS are among the few top fundsIncome funds and ELSS are among the few top funds People are not willing to take much risk and bear loss.People are not willing to take much risk and bear loss. Broker’s advice matters to as much as 32% of the people.Broker’s advice matters to as much as 32% of the people.
  • Limitations FacedLimitations FacedSome people were not willing to disclose theSome people were not willing to disclose theinvestment profile.investment profile.The biasedness was being taken care of.The biasedness was being taken care of.The area of sample was decided after taking intoThe area of sample was decided after taking intoconsideration the major factors likeconsideration the major factors like Availability of investorsAvailability of investors Approachability,Approachability, Time available with investor for interaction, etcTime available with investor for interaction, etc
  • Scope of the StudyScope of the StudyProvide information about prospectiveProvide information about prospectiveinvestors .investors .Provide key information about the investor’sProvide key information about the investor’sperception and preferences.perception and preferences.Provides the problems related to distribution ofProvides the problems related to distribution ofMutual Fund.Mutual Fund.Provides the complete information about allProvides the complete information about allclose competitors in Mutual Fund investment.close competitors in Mutual Fund investment.Provides the AMC a feedback from customersProvides the AMC a feedback from customersregarding their problems and perception aboutregarding their problems and perception aboutinvesting in mutual funds so that they caninvesting in mutual funds so that they canimprove their servicesimprove their services
  • RECOMMENDATIONSRECOMMENDATIONS First Aid Kit for New Entrant into SecuritiesFirst Aid Kit for New Entrant into SecuritiesMarketMarket Provision for Class Room training for the newProvision for Class Room training for the newinvestorsinvestors Toll Free NumberToll Free Number Customer Care for general query handleCustomer Care for general query handle More Appointments of Relationship managersMore Appointments of Relationship managers
  • SAMPLESAMPLE QUESTIONNAIREQUESTIONNAIREName: ...…………………….. Occupation: ………………………Name: ...…………………….. Occupation: ………………………Phone: ...……………………..Phone: ...……………………..Investment Presently Held:Investment Presently Held:Please list the value of the assets in your total investments portfolio :( in Rs.)Please list the value of the assets in your total investments portfolio :( in Rs.)Stocks: ______Stocks: ______ Mutual Funds: _______Mutual Funds: _______Bonds: ______Bonds: ______ Bullion: _______Bullion: _______Options: ______Options: ______ Govt. Securities:_______Govt. Securities:_______Real Estate: ______Real Estate: ______ Bank Deposits: _______Bank Deposits: _______(1(1) Over the next 3-5 years, do you expect your annual income to change?) Over the next 3-5 years, do you expect your annual income to change?IncreaseIncrease DecreaseDecreaseRemain the sameRemain the same(2) Do you invest in Mutual Funds?(2) Do you invest in Mutual Funds?YesYes NoNoEarlier, now stoppedEarlier, now stopped
  • (3) What is your Experience in the market?(3) What is your Experience in the market?Less than a yearLess than a year 1-4 years1-4 years MoreMorethan 4 yearsthan 4 years(4) What is your Trading Preference?(4) What is your Trading Preference?SpeculationSpeculation InvestmentInvestment BothBoth(5) What is your Average investment period?(5) What is your Average investment period?Less than 3 months.Less than 3 months. 3 to 9 months.3 to 9 months.9 months to 2 year.9 months to 2 year. More than 2 year.More than 2 year.(6) Factors influencing the investment decisions?(6) Factors influencing the investment decisions?Advice from BrokerAdvice from Broker Current newsCurrent newsReviews in Financial MagazinesReviews in Financial Magazines Advice from FriendsAdvice from FriendsSelf EvaluationSelf EvaluationOthers___________Others___________(7) How much Risk are you willing to take?(7) How much Risk are you willing to take?HighHigh LowLow ModerateModerate(8) What is your preference in Mutual Funds?(8) What is your preference in Mutual Funds?A. Equity.A. Equity. B. IncomeB. IncomeC.C. Money Market FundsMoney Market Funds D. ELSSD. ELSSE.E. Balanced FundsBalanced Funds F. SIPF. SIPG.G. OthersOthers
  • (9) How much Appreciation do you expect from your Investments?(9) How much Appreciation do you expect from your Investments?up to 15%up to 15% 15%-25%15%-25% 25%-35%25%-35%more than 35%more than 35%(10) How much loss are you willing to take?(10) How much loss are you willing to take?HighHigh ModerateModerate LowLow(11) Which type of Mutual funds do you prefer?(11) Which type of Mutual funds do you prefer?Open Ended SchemesOpen Ended Schemes Closed Ended SchemesClosed Ended Schemes(12) Do you get influenced by the name of Company promoting Mutual Funds?(12) Do you get influenced by the name of Company promoting Mutual Funds?NoNo YesYes(13) Do you get influenced by the returns given by a fund or by the current NAV of a(13) Do you get influenced by the returns given by a fund or by the current NAV of afund?fund?By NAVBy NAV By ReturnsBy Returns BothBoth
  • Thanks for your co-operation