Performance Evaluation of Mutual Funds of Last 5yrs

1. SUMMER INTERNSHIP PROJECT
SANKET PATEL
MMS B-05

2. TOPIC
PERFORMANCE EVALUATION OF
MUTUAL FUNDS
• Guided by :Prof Priyanka Oza Patel
• Specialiazation: Finance
• Summer Internship: SMC Global Securities ltd
• Duration: 2 months

3. COMPANY’S PROFILE
• SMC was incorporated in 1990 by Mr. Subhash
Aggarwal & Mr. Mahesh Gupta
• SMC is one of the major stock broking firm in
the country

4. SMC:PRODUCTS AND SERVICES
• Equity (cash and derivatives)
• Commodities and Currency
• Investment Banking
• Wealth Management
• Real Estate advisory services
• Mortgage Advisory
• NBFC & many more.

5. • SMC overseas offices in Dubai, New York,
Atlanta & Orlando
• It has presence in 500+ cities with 98 branches
• It has 13000+ independent distributers for
third party product distribution with total
consumer base of 16 lakh + across India

6. Introduction
• Mutual funds are investment companies that pool money
from investors at large and offer to sell and buy back its shares
on a continuous basis and use the capital thus raised to invest
in securities of different companies.
• Process of investing in mutual fund

7. OBJECTIVES OF THE STUDY
The main objective of the study is to make investors
aware of performance and provide information on the
comparison of tax saving funds of selected asset
management companies. The specific objectives are:
• To understand the organization of mutual fund
industry.
• To compare the performance of selected tax saving
schemes in comparison with standard deviation.
• To offer suggestions based on the findings arrived from
the study.

8. SCOPE OF STUDY
The purpose of this study of performance
evaluation of tax saving mutual funds by
taking five selected companies which are
• BIRLA SUNLIFE MF
• SBI MF
• RELIANCE MF
• DSP BLACKROCK MF
• HDFC MF

9. RESEARCH METHODLOGY
Tools for performance measures
• Average Mean:
• Standard Deviation
=

10. DATA ANALYSIS
BIRLA SUN LIFE TAX SAVING FUND
YEAR RETURN AVERAGE
RETURN
dy = (Y-y ) dy
2 NAV
2013 2.83 15.86 -13.06 170.56 31.26
2014 48.11 15.86 32.25 1040.06 46.30
2015 8.25 15.86 -7.61 57.91 50.12
2016 3.15 15.86 -12.71 161.54 51.70
2017 Q I & II 20.15 15.86 4.29 18.40 64.48
Total 79.3 1448.47

11. CALCULATION
• Average Return =
=79.3/5
= 15.86
∑dy
2 = 1448.47
Variance =
= 1448.47/4
= 362.11
Standard Deviation (S.D) =
= 19.02
( y) =
=

12. Returns & Risks
FUNDS RETURN STANDARD
DEVIATION
Birla sun life tax saving fund 15.86 19.02
SBI tax advantage fund series I 19.07 26.04
Reliance tax saver (ELSS) fund 21.84 35.35
DSP Blackrock tax saver fund 18.36 21.24
HDFC tax saving mutual fund 16.49 24.11

13. 0
5
10
15
20
25
30
35
40
SBI TAX
ADVANTAGE
FUND SERIES
1
RELIANCE TAX
SAVER (ELSS)
FUND
DSP BLACK
ROCK TAX
SAVER FUND
HDFC TAX
SAVING MF
BIRLA SUN
LIFE MF
RETURNS
STANDARD DEVIATION

14. FINDINGS & CONCLUSION
• Mutual funds are one of the most highly growing
products in financial services market.
• Mutual funds are suitable for all types of investors
from risk adverse to risk bearer.
• For high return invest in diversified funds, for tax
saving invest in ELSS equity funds, for moderate risk
and return invest in balance funds, for assure return
invest in debt and liquid funds.

15. Thank you..!!!