A mutual fund is a professionally managed investment that pools money from many investors and invests it in stocks, bonds, and other securities. Benefits include risk diversification and passive investment managed by professionals. Key terms related to mutual funds are NAV, unit, and unit holder. This research analyzed the risk and return of different mutual fund schemes through secondary data collection. Analysis found the SBI Magnum Midcap fund had the highest 5-year return and Sharpe's value, indicating it balanced risk and return well. In conclusion, investors should evaluate factors like returns, risk, expenses, management, and asset allocation to make informed investment decisions aligned with their goals and risk tolerance.
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CP_PPT MF.pptx
1. A mutual fund is a professionally managed investment
scheme, usually run by an asset management company
that brings together a group of people and invests their
money in stocks, bonds and other securities.
Benefits of mutual fund:
• Risk diversification
• Operated by professional manager
• Passive investment style
Key words related to mutual funds:
• NAV
• Unit
• Unit Holder
INTRODUCTION
2. LITERATURE REVIEW
Sr .No. Author
(Year)
Outcomes
1 Dr. K.M. Sudha,
2020
The tools used for analysis are simple average method and standard deviation method
and simple comparative analysis method and ranking method. The findings that is not
advisable to invest equity fund category as the market undergoing fluctuations asset
components are subject to high risk.
2 Dr. Sandeep Bansal,
Deepak Garg,
Sanjeev K Saini, 2020
This paper examines the performance of the selected mutual funds schemes, that the
risk profile of the aggregate mutual funds universe can be accurately compared by a
simple market index that offers comparative monthly liquidity, returns, systematic and
unsystematic risk and complete fund analysis by using the special reference of Sharpe’s
ratio and Treynor’s ratio.
3 Dr. Ashok Khurana,
Kavita Pajwai, 2019
Risk can be analysed by finding out standard deviation beta while, performance analysis
is based on risk return adjustments. Based on the quantitative study conducted company
a fund is chosen as the best fund in the balanced growth fund schemes.
3. Research problem:
“A Study on Comparative Analysis of Mutual Fund Schemes”
Objective of the research:
To do comparative analysis of selected mutual fund schemes.
To analyze risk and return of different schemes of mutual fund.
To compare average returns of selected 5 midcap mutual funds schemes.
Method of data collection:
Secondary data has been used for this research, collected from various research papers,
websites, internal sources etc.
RESEARCH METHODOLOGY
4. Analysis of the return of midcap of different AMC’s:
ana
DATA ANALYSIS
Name of Fund 5 year return Beta value
SBI Magnum midcap fund 78.49% 0.87%
Axis midcap fund 13.76% 0.81%
HDFC midcap opportunity fund 77.94% 0.86%
ABSL midcap fund 7.08% 0.85%
ICICI prudential midcap fund 11.70% 0.88%
Analysis of the beta value of selected midcap funds:
5. Name of Fund NAV Treynor’s value
SBI Magnum midcap fund 141.39 0.21
Axis midcap fund 63.65 0.13
HDFC midcap opportunity fund 98.68 0.19
ABSL midcap fund 430 0.14
ICICI prudential midcap fund 156.17 0.16
Analysis Treynor’s values of selected midcap funds:
DATA ANALYSIS
Analysis of NAV of selected midcap funds:
6. Name of Fund Sharpe’s
value
Jension’s
alpha
SBI Magnum midcap fund 0.93% 3.88%
Axis midcap fund 0.59% -2.87%
HDFC midcap opportunity fund 0.78% 2.61%
ABSL midcap fund 0.59% -1.34%
ICICI prudential midcap fund 0.66% 0.27%
Analysis of Jension’s Alpha of selected funds:
DATA ANALYSIS
Analysis of Sharpe’s values of selected midcap funds:
7. To conclude, when evaluating mutual funds, investors need to consider several
factors, such as returns, risk, fund manager, expense ratio, and asset allocation. A
good balance between returns and risk is essential, and a low expense ratio can
significantly impact returns. The fund manager’s experience, performance, and
strategy should align with the investor’s investment goals. Asset allocation should be
diversified to minimize risk and maximize returns. Additionally investors should
consider other factors such as fund size, liquidity, and transparency. By evaluating
these factors, investors can make informed investment decision that align with their
investment goals and risk tolerance.
FINDINGS & CONCLUSION