Here are the key points about the concept of mutual funds:
- A mutual fund is a trust that pools together money from many investors and invests it in stocks, bonds, and other securities.
- The money collected from investors is used to purchase a portfolio of securities selected by the fund manager.
- Each investor owns units or shares in the fund which represents a portion of the portfolio and the income generated by it.
- Mutual funds allow individual investors to participate in a wide range of investments which they may not be able to access directly.
- The main advantage is professional management where full-time fund managers conduct research and select securities for investment.
- Mutual funds provide an easy and low
Project report a study of sbi mutual funds uprangeshsatna
The document is a project report submitted by Snehal Chavan for the completion of a Bachelor of Business Administration degree. It investigates preferences of investors for investing in mutual funds. The report includes an introduction to mutual funds, an acknowledgement section thanking those who provided guidance and support, a declaration confirming the work is the student's own, and an executive summary outlining the project's purpose and methodology.
Comparative analysis on investment in mutual fundvaibhav belkhude
Over a long term horizon, equity investments have given returns which far exceed those from the debt based instruments. They are probably the only investment option, which can build large wealth. In short term, equities exhibit very sharp volatilities, which many of us find difficult to stomach. Investment in equities requires one to be in constant touch with the market and a lot of research.
Buying good scripts require one to invest fairly large amounts. Systematic Investing in a Mutual Fund is the answer to preventing the pitfalls of equity investment and still enjoying the high returns. And it makes all the more sense today when the stock markets are booming.
Management of the fund by the professionals or experts is one of the key advantages of investing through a mutual fund. They regularly carry out extensive research - on the company, the industry and the economy – thus ensuring informed investment. Secondly, they regularly track the market.
Thus for many of us who do not have the desired expertise and are too busy with our vocation to devote sufficient time and effort to investing in equity, Mutual Funds offer an attractive alternative.
Another advantage of investing through mutual funds is that even with small amounts we are able to enjoy the benefits of diversification. Huge amounts would be required for an individual to achieve the
desired diversification, which would not be possible for many of us. Diversification reduces the overall impact on the returns from a portfolio, on account of a loss in a particular company/sector.
The Mutual Funds industry is well regulated both by SEBI and AMFI. They have, over the years, introduced regulations, which ensure smooth and transparent functioning of the mutual funds industry. This makes it safer and convenient for investors to invest through Mutual Funds.
One of the biggest difficulties in equity investing is WHEN to invest, apart from the other big question WHERE to invest. While, investing in a mutual fund solves the issue of ‘where’ to invest, SIP helps us to overcome the problem of ‘when’. SIP is a disciplined investing irrespective of the state of the market. It thus makes the market timing totally irrelevant.
A Study of Mutual Funds in India- ReportSyril Thomas
This document is a report submitted by Mundakathil Syril Thomas to IBS Hyderabad as part of an internship at Stock Holding Corporation of India Limited. The report studies the growth of mutual funds in India. It provides details about Stock Holding Corporation, including its products and services. It also discusses the history and classification of mutual funds in India. The report analyzes indicators of growth for mutual funds such as assets under management and shift from traditional investments to mutual funds. It describes the research methodology used for a survey on consumer preferences related to investing. The findings of the survey and conclusions on the future of mutual funds in India are also summarized.
This document appears to be a project report submitted by a student for a course on analyzing the top 5 mutual funds offered by Motilal Oswal Securities Ltd. The report includes an introduction to mutual funds that describes their structure and workings. It then discusses various types of mutual funds, performance measures, and regulations governing mutual funds in India. The report also includes sections on the methodology used for the study, profiles of different asset management companies, and limitations and conclusions of the research.
Project on mutual funds is the better investments planProjects Kart
This document is a project report submitted for an MBA program. It discusses mutual funds as better investment plans. The report includes an acknowledgements section, declaration, executive summary, and table of contents. It covers introduction to mutual funds, their various aspects, company profiles, objectives and scope of the study, research methodology, data analysis and interpretation, findings and conclusions, and suggestions and recommendations. The project provided a learning experience for the author and scope to analyze investor preferences for mutual funds in terms of asset management companies, products, options, and investment strategies.
Mutual funds is the better investments planASIF KHAN
This document is a project report submitted by Asif Abdul Rahim for his Bachelor of Management Studies program. The report explores mutual funds as better investment plans. It includes an acknowledgement section thanking those who supported the project. It also includes a student declaration, certificate from the project guide, executive summary providing an overview of the report contents, and various chapters exploring mutual funds, the research methodology used, data analysis and findings.
A study of investors perception towards the mutual fund investmenthingal satyadev
This document provides a project report on mutual funds submitted by Hingal Satyadev to the Shri Chimanbhai Patel Institute of Management and Research in partial fulfillment of an MBA degree. The report includes an introduction to mutual funds and ICICI Securities, a literature review on customer awareness of mutual funds, the research methodology used in the study, an analysis of findings, and conclusions and suggestions. The project aimed to examine customer awareness of mutual funds through a survey conducted with customers of ICICI Securities under the guidance of internal and external guides.
The document provides information about Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank. It was originally established in 1994 and has over 7.4 lakh customers. Kotak Securities has a wide network across India and international offices. It processes over 400,000 trades per day. The company provides stock broking services through branches and internet, as well as distribution of financial products. Kotak Securities has research expertise in fundamental and technical analysis backed by a team of analysts. It also offers portfolio management services.
Project report a study of sbi mutual funds uprangeshsatna
The document is a project report submitted by Snehal Chavan for the completion of a Bachelor of Business Administration degree. It investigates preferences of investors for investing in mutual funds. The report includes an introduction to mutual funds, an acknowledgement section thanking those who provided guidance and support, a declaration confirming the work is the student's own, and an executive summary outlining the project's purpose and methodology.
Comparative analysis on investment in mutual fundvaibhav belkhude
Over a long term horizon, equity investments have given returns which far exceed those from the debt based instruments. They are probably the only investment option, which can build large wealth. In short term, equities exhibit very sharp volatilities, which many of us find difficult to stomach. Investment in equities requires one to be in constant touch with the market and a lot of research.
Buying good scripts require one to invest fairly large amounts. Systematic Investing in a Mutual Fund is the answer to preventing the pitfalls of equity investment and still enjoying the high returns. And it makes all the more sense today when the stock markets are booming.
Management of the fund by the professionals or experts is one of the key advantages of investing through a mutual fund. They regularly carry out extensive research - on the company, the industry and the economy – thus ensuring informed investment. Secondly, they regularly track the market.
Thus for many of us who do not have the desired expertise and are too busy with our vocation to devote sufficient time and effort to investing in equity, Mutual Funds offer an attractive alternative.
Another advantage of investing through mutual funds is that even with small amounts we are able to enjoy the benefits of diversification. Huge amounts would be required for an individual to achieve the
desired diversification, which would not be possible for many of us. Diversification reduces the overall impact on the returns from a portfolio, on account of a loss in a particular company/sector.
The Mutual Funds industry is well regulated both by SEBI and AMFI. They have, over the years, introduced regulations, which ensure smooth and transparent functioning of the mutual funds industry. This makes it safer and convenient for investors to invest through Mutual Funds.
One of the biggest difficulties in equity investing is WHEN to invest, apart from the other big question WHERE to invest. While, investing in a mutual fund solves the issue of ‘where’ to invest, SIP helps us to overcome the problem of ‘when’. SIP is a disciplined investing irrespective of the state of the market. It thus makes the market timing totally irrelevant.
A Study of Mutual Funds in India- ReportSyril Thomas
This document is a report submitted by Mundakathil Syril Thomas to IBS Hyderabad as part of an internship at Stock Holding Corporation of India Limited. The report studies the growth of mutual funds in India. It provides details about Stock Holding Corporation, including its products and services. It also discusses the history and classification of mutual funds in India. The report analyzes indicators of growth for mutual funds such as assets under management and shift from traditional investments to mutual funds. It describes the research methodology used for a survey on consumer preferences related to investing. The findings of the survey and conclusions on the future of mutual funds in India are also summarized.
This document appears to be a project report submitted by a student for a course on analyzing the top 5 mutual funds offered by Motilal Oswal Securities Ltd. The report includes an introduction to mutual funds that describes their structure and workings. It then discusses various types of mutual funds, performance measures, and regulations governing mutual funds in India. The report also includes sections on the methodology used for the study, profiles of different asset management companies, and limitations and conclusions of the research.
Project on mutual funds is the better investments planProjects Kart
This document is a project report submitted for an MBA program. It discusses mutual funds as better investment plans. The report includes an acknowledgements section, declaration, executive summary, and table of contents. It covers introduction to mutual funds, their various aspects, company profiles, objectives and scope of the study, research methodology, data analysis and interpretation, findings and conclusions, and suggestions and recommendations. The project provided a learning experience for the author and scope to analyze investor preferences for mutual funds in terms of asset management companies, products, options, and investment strategies.
Mutual funds is the better investments planASIF KHAN
This document is a project report submitted by Asif Abdul Rahim for his Bachelor of Management Studies program. The report explores mutual funds as better investment plans. It includes an acknowledgement section thanking those who supported the project. It also includes a student declaration, certificate from the project guide, executive summary providing an overview of the report contents, and various chapters exploring mutual funds, the research methodology used, data analysis and findings.
A study of investors perception towards the mutual fund investmenthingal satyadev
This document provides a project report on mutual funds submitted by Hingal Satyadev to the Shri Chimanbhai Patel Institute of Management and Research in partial fulfillment of an MBA degree. The report includes an introduction to mutual funds and ICICI Securities, a literature review on customer awareness of mutual funds, the research methodology used in the study, an analysis of findings, and conclusions and suggestions. The project aimed to examine customer awareness of mutual funds through a survey conducted with customers of ICICI Securities under the guidance of internal and external guides.
The document provides information about Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank. It was originally established in 1994 and has over 7.4 lakh customers. Kotak Securities has a wide network across India and international offices. It processes over 400,000 trades per day. The company provides stock broking services through branches and internet, as well as distribution of financial products. Kotak Securities has research expertise in fundamental and technical analysis backed by a team of analysts. It also offers portfolio management services.
This document is a project report submitted for a Bachelor of Commerce degree in Accounting and Finance from the University of Calcutta. The project analyzes and studies mutual funds in India. It includes an acknowledgements section thanking those who supported and guided the project. The objectives are to analyze returns of selected mutual funds, understand asset management company functions and performance measurement tools, and compare performances of selected mutual fund schemes.
A project report on awareness of mutual funds 1Nirali Nayi
This document is a project report submitted by Swati M. Suthar and Nirali D. Nayi for their Advance Diploma in Banking and Insurance at S.K. College of Business Management, HNGU, Patan. The report is about creating awareness of mutual funds and was conducted under the guidance of their faculty member Mr. Nisarg Khamar. It includes a certificate from their guide, preface, acknowledgements, executive summary, and the beginning of the introduction chapter which provides an overview of what a mutual fund is.
Finance project on performance evaluation of indian mutual fundsProjects Kart
This document provides an executive summary of a report evaluating the performance of Indian mutual funds against the BSE Sensex stock market index over a 5-year period from 2004-2009. 21 open-ended equity growth mutual funds were selected for analysis. Statistical tools were used to calculate and compare the average returns, absolute returns, standard deviation, betas, and relative performance indexes of the funds versus the market. A Mann-Whitney U-test found that most funds' returns moved in sync with the market, except one fund that varied significantly. Cluster analysis grouped funds with similar performance metrics. The study concluded most funds provided returns similar to the market, with some variation during late 2005 to early 2006.
Rahul Gupta MBA Finance IVth SEMESTER ProjectRahul Gupta
This document provides an overview of a project report on mutual funds as a proven global investment avenue. It acknowledges the guidance provided by the project supervisor. The objectives are to provide an understanding of mutual fund benefits, types of schemes, market trends, specific fund schemes, distribution channels, and marketing strategies. It also aims to explore recent industry developments and regulations. Limitations include a lack of information sources and limited time/funds. The executive summary outlines what a mutual fund is, key advantages and disadvantages, costs and fees, how to purchase funds, factors to consider, different types of funds, and industry trends of consolidation among large players.
This document appears to be a project report on mutual fund investment submitted for an MBA program. It includes an acknowledgements section thanking various parties for their support and guidance. The executive summary provides an overview of mutual funds in India and how awareness and information is increasing investment. The report appears to analyze data on mutual fund investors in Ahmedabad through surveys to understand preferences and criteria for investment. It includes sections comparing performance of public and private mutual funds in oil and petroleum sectors between 2008-2009.
Portfolio Management Services in Mutual FundsBinu Paul
A detailed study Portfolio Management services in Mutual Funds which give special emphasis on creation of Portfolio’s as different types of Investors, Portfolio Revision as per various plans, Calculation of returns and Comparison of Mutual Funds with various Performance measure
This document is a project report submitted by V. Sandeep Kumar to Indus Business Academy in partial fulfillment of the requirements for a Post-Graduate Diploma in Management. The report examines customer awareness of mutual funds in India through a study conducted at ICICI Securities. It includes certificates from the director and internal guide of the project, an acknowledgment, table of contents, and introduction on the history and concept of mutual funds in India.
A project report on awareness regarding mutual fund with special reference to...Projects Kart
The document is a summer project report submitted as part of an MBA program. It provides an overview of a summer internship project conducted at India Infoline Ltd, a leading mutual fund company in India. The report includes sections on the history and organizational structure of India Infoline, an overview of mutual funds and the Indian mutual fund industry, research methodology used in the project, findings from data analysis, and conclusions and recommendations. The executive summary highlights that India Infoline is a financial services group offering a wide range of products including mutual funds, insurance, trading, and investment banking through various subsidiaries.
A comparative study on investing in equity and mutual fund schemesAsif Hussain Shaikh
This document summarizes a study comparing investments in equity shares and mutual fund schemes. The study aims to create awareness for investors about the risks, returns, liquidity, and marketability of different investment options. Specifically, the study seeks to compare the risk and return of equity shares and mutual funds, analyze their performance against benchmarks, calculate the volatility of shares using beta, and outline the pros and cons of investing in each. The analysis focuses on 5 randomly selected stocks and 5 mutual funds, examining their share prices and net asset values over time.
This document provides an overview of mutual funds in India including:
- A brief history of mutual funds in India from 1963 to present day.
- An explanation of what a mutual fund is - a trust that pools money from investors and invests in securities like stocks and bonds.
- The advantages of investing in mutual funds like professional management and diversification.
- The different types of mutual fund schemes including open-ended, close-ended, interval schemes, growth schemes, income schemes, and balanced schemes.
- Key terms like Net Asset Value (NAV), sale price, and repurchase price.
The document serves as an introduction to mutual funds in India, outlining the concept
This document is a project report submitted by Aditya Mahindrakar for his summer internship at UTI Mutual Fund in Hyderabad. The report details his study titled "A Study on Performance and Analysis of Mutual Funds in India". The 3-page report includes sections acknowledging the guidance received from his mentors at UTI Mutual Fund and ArthChakra Advisory Services, a table of contents outlining the topics covered in the report, and an executive summary defining mutual funds and how investors can make money from them.
The document provides acknowledgements and thanks to various people who helped with the project. It thanks the project guide for their assistance and support. It also thanks library staff members and seniors who helped with collecting and processing data and resources for the project. The project is dedicated to all those who provided assistance.
Analytical Study of SBI Mutual Fund By Sachin KakdeSachin Kakde
The document provides an executive summary and introduction to mutual funds. It discusses key concepts like what a mutual fund is, how they are organized, advantages like professional management and diversification. It also covers types of mutual fund schemes based on structure, nature, investment objectives. The summary discusses scope and importance of mutual funds in providing return potential, low costs, liquidity, transparency and flexibility. It also notes some disadvantages like no control over costs and no tailor-made portfolio.
This document provides an introduction and overview of a research project on comparative analysis of mutual fund schemes. It includes sections on the certificate, declaration, acknowledgement, index, and beginning of the introduction. The introduction provides background on mutual funds in India, including the structure of the Indian financial system and history of the mutual fund industry. It discusses advantages of mutual fund investment, importance of mutual funds, types of mutual funds, and risks associated with mutual funds.
This document provides an overview of HDFC Mutual Fund and analyzes its risk and return. It is divided into three sections. The first section introduces mutual funds and HDFC AMC. It describes the advantages of mutual funds, categories of mutual funds, and HDFC's organization and distribution channels. The second section discusses measuring and evaluating mutual fund performance, including purposes, financial planning, popularity factors, and risk measures. The third section presents the study methodology, data collection and interpretation, analysis of observations, findings, recommendations, and conclusion. The analysis uses measures like beta, standard deviation, Sharpe ratio, Treynor measure, Jensen Alpha and Fama French to evaluate HDFC fund performance and compare it to other funds.
A comparative analysis of mutual fund schemes in various banksMaya Singh
This document is a project report submitted by Maya Singh to Rajasthan University in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a comparative analysis of mutual fund schemes offered by various banks. It includes sections on an introduction to mutual funds, the history of mutual funds in India, advantages of mutual funds, and comparisons of specific mutual fund providers like Reliance and UTI. The overall purpose is to analyze different mutual fund options available through banks in India.
The report is all about the consumer perception towards mutual fund in delhi NCR region.
The data analysis is on the the basis questionnaire which helps to get the proper result.
various tools are being used for research.
Full Project Report on SBI mutual funds.AKSHAY TYAGI
This document summarizes a student project on investor perceptions of mutual funds submitted for an MBA program. It includes declarations, acknowledgements, guide certificates, and outlines of the project contents. The student investigated investor preferences in mutual funds, including the types of products, options, and investment strategies preferred by investors in India. The project analyzed primary data collected through surveys to understand factors influencing investor decisions when purchasing mutual funds.
This document provides an overview of mutual funds in India. It discusses the history of mutual funds in India, starting with the establishment of the Unit Trust of India in 1963. It then covers the entry of public sector funds in 1987 and private sector funds in 1993, and increased regulation by SEBI in the following decades. The document also lists some of the major mutual fund companies currently operating in India and provides their approximate market shares as of 2015.
A study on investors’ awareness level on mutual fund & promotion of sip planProjects Kart
Here are the key tables from the document:
Table 2.1 - Shows total net asset in U.S. Dollars for mutual funds globally from 1980 to 2018.
Table 2.4 - Provides the latest AUM (assets under management) and ranking for top mutual funds in India.
Table 3.1 - Provides a snapshot of different types of mutual fund schemes.
Table 3.2 - Outlines the tax rules for mutual fund investors in India.
Table 3.3 - Defines the statistical measure R-squared.
Table 3.4 - Shows the returns that can be generated through SIP (Systematic Investment Plan) over different time periods.
Table 3.5 - Describ
A project report on comparative study of mutual funds in indiaProjects Kart
The document is a project report on a comparative study of mutual funds in India. It includes sections on the introduction of mutual funds, their history in India, advantages, and types of mutual funds. The report provides an overview of the mutual fund industry in India and aims to study some prominent mutual fund companies and their schemes.
This document provides an overview of a project report on mutual funds. It begins with an acknowledgement section thanking those who assisted with the project. It then outlines the need for the study as understanding mutual funds and their schemes. The objectives are listed as providing information on mutual fund benefits, types of schemes, market trends, specific fund schemes, distribution channels, and marketing strategies. The document also notes some limitations of the study and provides an executive summary of key findings. It concludes with an index of topics that will be covered in the full report.
This document is a project report submitted for a Bachelor of Commerce degree in Accounting and Finance from the University of Calcutta. The project analyzes and studies mutual funds in India. It includes an acknowledgements section thanking those who supported and guided the project. The objectives are to analyze returns of selected mutual funds, understand asset management company functions and performance measurement tools, and compare performances of selected mutual fund schemes.
A project report on awareness of mutual funds 1Nirali Nayi
This document is a project report submitted by Swati M. Suthar and Nirali D. Nayi for their Advance Diploma in Banking and Insurance at S.K. College of Business Management, HNGU, Patan. The report is about creating awareness of mutual funds and was conducted under the guidance of their faculty member Mr. Nisarg Khamar. It includes a certificate from their guide, preface, acknowledgements, executive summary, and the beginning of the introduction chapter which provides an overview of what a mutual fund is.
Finance project on performance evaluation of indian mutual fundsProjects Kart
This document provides an executive summary of a report evaluating the performance of Indian mutual funds against the BSE Sensex stock market index over a 5-year period from 2004-2009. 21 open-ended equity growth mutual funds were selected for analysis. Statistical tools were used to calculate and compare the average returns, absolute returns, standard deviation, betas, and relative performance indexes of the funds versus the market. A Mann-Whitney U-test found that most funds' returns moved in sync with the market, except one fund that varied significantly. Cluster analysis grouped funds with similar performance metrics. The study concluded most funds provided returns similar to the market, with some variation during late 2005 to early 2006.
Rahul Gupta MBA Finance IVth SEMESTER ProjectRahul Gupta
This document provides an overview of a project report on mutual funds as a proven global investment avenue. It acknowledges the guidance provided by the project supervisor. The objectives are to provide an understanding of mutual fund benefits, types of schemes, market trends, specific fund schemes, distribution channels, and marketing strategies. It also aims to explore recent industry developments and regulations. Limitations include a lack of information sources and limited time/funds. The executive summary outlines what a mutual fund is, key advantages and disadvantages, costs and fees, how to purchase funds, factors to consider, different types of funds, and industry trends of consolidation among large players.
This document appears to be a project report on mutual fund investment submitted for an MBA program. It includes an acknowledgements section thanking various parties for their support and guidance. The executive summary provides an overview of mutual funds in India and how awareness and information is increasing investment. The report appears to analyze data on mutual fund investors in Ahmedabad through surveys to understand preferences and criteria for investment. It includes sections comparing performance of public and private mutual funds in oil and petroleum sectors between 2008-2009.
Portfolio Management Services in Mutual FundsBinu Paul
A detailed study Portfolio Management services in Mutual Funds which give special emphasis on creation of Portfolio’s as different types of Investors, Portfolio Revision as per various plans, Calculation of returns and Comparison of Mutual Funds with various Performance measure
This document is a project report submitted by V. Sandeep Kumar to Indus Business Academy in partial fulfillment of the requirements for a Post-Graduate Diploma in Management. The report examines customer awareness of mutual funds in India through a study conducted at ICICI Securities. It includes certificates from the director and internal guide of the project, an acknowledgment, table of contents, and introduction on the history and concept of mutual funds in India.
A project report on awareness regarding mutual fund with special reference to...Projects Kart
The document is a summer project report submitted as part of an MBA program. It provides an overview of a summer internship project conducted at India Infoline Ltd, a leading mutual fund company in India. The report includes sections on the history and organizational structure of India Infoline, an overview of mutual funds and the Indian mutual fund industry, research methodology used in the project, findings from data analysis, and conclusions and recommendations. The executive summary highlights that India Infoline is a financial services group offering a wide range of products including mutual funds, insurance, trading, and investment banking through various subsidiaries.
A comparative study on investing in equity and mutual fund schemesAsif Hussain Shaikh
This document summarizes a study comparing investments in equity shares and mutual fund schemes. The study aims to create awareness for investors about the risks, returns, liquidity, and marketability of different investment options. Specifically, the study seeks to compare the risk and return of equity shares and mutual funds, analyze their performance against benchmarks, calculate the volatility of shares using beta, and outline the pros and cons of investing in each. The analysis focuses on 5 randomly selected stocks and 5 mutual funds, examining their share prices and net asset values over time.
This document provides an overview of mutual funds in India including:
- A brief history of mutual funds in India from 1963 to present day.
- An explanation of what a mutual fund is - a trust that pools money from investors and invests in securities like stocks and bonds.
- The advantages of investing in mutual funds like professional management and diversification.
- The different types of mutual fund schemes including open-ended, close-ended, interval schemes, growth schemes, income schemes, and balanced schemes.
- Key terms like Net Asset Value (NAV), sale price, and repurchase price.
The document serves as an introduction to mutual funds in India, outlining the concept
This document is a project report submitted by Aditya Mahindrakar for his summer internship at UTI Mutual Fund in Hyderabad. The report details his study titled "A Study on Performance and Analysis of Mutual Funds in India". The 3-page report includes sections acknowledging the guidance received from his mentors at UTI Mutual Fund and ArthChakra Advisory Services, a table of contents outlining the topics covered in the report, and an executive summary defining mutual funds and how investors can make money from them.
The document provides acknowledgements and thanks to various people who helped with the project. It thanks the project guide for their assistance and support. It also thanks library staff members and seniors who helped with collecting and processing data and resources for the project. The project is dedicated to all those who provided assistance.
Analytical Study of SBI Mutual Fund By Sachin KakdeSachin Kakde
The document provides an executive summary and introduction to mutual funds. It discusses key concepts like what a mutual fund is, how they are organized, advantages like professional management and diversification. It also covers types of mutual fund schemes based on structure, nature, investment objectives. The summary discusses scope and importance of mutual funds in providing return potential, low costs, liquidity, transparency and flexibility. It also notes some disadvantages like no control over costs and no tailor-made portfolio.
This document provides an introduction and overview of a research project on comparative analysis of mutual fund schemes. It includes sections on the certificate, declaration, acknowledgement, index, and beginning of the introduction. The introduction provides background on mutual funds in India, including the structure of the Indian financial system and history of the mutual fund industry. It discusses advantages of mutual fund investment, importance of mutual funds, types of mutual funds, and risks associated with mutual funds.
This document provides an overview of HDFC Mutual Fund and analyzes its risk and return. It is divided into three sections. The first section introduces mutual funds and HDFC AMC. It describes the advantages of mutual funds, categories of mutual funds, and HDFC's organization and distribution channels. The second section discusses measuring and evaluating mutual fund performance, including purposes, financial planning, popularity factors, and risk measures. The third section presents the study methodology, data collection and interpretation, analysis of observations, findings, recommendations, and conclusion. The analysis uses measures like beta, standard deviation, Sharpe ratio, Treynor measure, Jensen Alpha and Fama French to evaluate HDFC fund performance and compare it to other funds.
A comparative analysis of mutual fund schemes in various banksMaya Singh
This document is a project report submitted by Maya Singh to Rajasthan University in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a comparative analysis of mutual fund schemes offered by various banks. It includes sections on an introduction to mutual funds, the history of mutual funds in India, advantages of mutual funds, and comparisons of specific mutual fund providers like Reliance and UTI. The overall purpose is to analyze different mutual fund options available through banks in India.
The report is all about the consumer perception towards mutual fund in delhi NCR region.
The data analysis is on the the basis questionnaire which helps to get the proper result.
various tools are being used for research.
Full Project Report on SBI mutual funds.AKSHAY TYAGI
This document summarizes a student project on investor perceptions of mutual funds submitted for an MBA program. It includes declarations, acknowledgements, guide certificates, and outlines of the project contents. The student investigated investor preferences in mutual funds, including the types of products, options, and investment strategies preferred by investors in India. The project analyzed primary data collected through surveys to understand factors influencing investor decisions when purchasing mutual funds.
This document provides an overview of mutual funds in India. It discusses the history of mutual funds in India, starting with the establishment of the Unit Trust of India in 1963. It then covers the entry of public sector funds in 1987 and private sector funds in 1993, and increased regulation by SEBI in the following decades. The document also lists some of the major mutual fund companies currently operating in India and provides their approximate market shares as of 2015.
A study on investors’ awareness level on mutual fund & promotion of sip planProjects Kart
Here are the key tables from the document:
Table 2.1 - Shows total net asset in U.S. Dollars for mutual funds globally from 1980 to 2018.
Table 2.4 - Provides the latest AUM (assets under management) and ranking for top mutual funds in India.
Table 3.1 - Provides a snapshot of different types of mutual fund schemes.
Table 3.2 - Outlines the tax rules for mutual fund investors in India.
Table 3.3 - Defines the statistical measure R-squared.
Table 3.4 - Shows the returns that can be generated through SIP (Systematic Investment Plan) over different time periods.
Table 3.5 - Describ
A project report on comparative study of mutual funds in indiaProjects Kart
The document is a project report on a comparative study of mutual funds in India. It includes sections on the introduction of mutual funds, their history in India, advantages, and types of mutual funds. The report provides an overview of the mutual fund industry in India and aims to study some prominent mutual fund companies and their schemes.
This document provides an overview of a project report on mutual funds. It begins with an acknowledgement section thanking those who assisted with the project. It then outlines the need for the study as understanding mutual funds and their schemes. The objectives are listed as providing information on mutual fund benefits, types of schemes, market trends, specific fund schemes, distribution channels, and marketing strategies. The document also notes some limitations of the study and provides an executive summary of key findings. It concludes with an index of topics that will be covered in the full report.
I have found all primary data and secondary data for this project by my own efforts and the all data are 100% true according to my summer internship experience..Thanks
The document summarizes a study project on Reliance Mutual Fund conducted from 2008-2010. The project aimed to understand mutual funds and analyze Reliance's various schemes. Key findings included that equity funds were most popular but investors lacked guidance on risk. The conclusion recommended Reliance educate investors to increase awareness and target rural markets for future growth.
This document provides an overview of Reliance Money and mutual funds in India. It discusses the history and growth of mutual funds in India, starting with the establishment of UTI in 1963. It profiles Reliance Money, a subsidiary of Reliance Capital that offers various financial products and services including investments in stocks, mutual funds, insurance policies, commodities, and structured products. The document also describes the types of mutual fund schemes available in India and the regulations governing the mutual fund industry.
The document is a project report on mutual fund comparison and analysis. It includes an executive summary that outlines analyzing past three years of data from different mutual fund schemes using measures like beta, Sharpe ratio, and Treynor ratio. It also includes sections on company profile, industry profile, types of mutual funds, research methodology, findings and analysis, and conclusions. The project aims to compare schemes of different mutual fund companies on performance parameters and analyze aspects of systematic investment plans and rebalancing.
Reliance Mutual Fund is launching India's first gold fund of fund scheme. The scheme will invest in gold exchange traded funds (ETFs) and is the first SIP enabled gold investment product in India. The NFO opening date is February 14, 2011 and closing date is February 28, 2011. The scheme aims to address problems with directly investing in gold in India by providing exposure to gold through mutual funds.
A mutual fund is an investment tool that pools money from many investors and invests it in stocks, bonds, and other securities. The document summarizes the history and growth of mutual funds in India from 1963 to the present in four phases. It describes the types of mutual funds including by maturity, investment objective, and advantages for investors such as portfolio diversification, professional management, reduced costs and risk, and liquidity.
The document is a summer training report submitted to Jagannath International Management School that analyzes the buying behavior and criteria of investors for various portfolio managers. It includes an introduction to portfolio management services (PMS) in India, regulations set by SEBI, types of PMS, and differences between PMS and mutual funds. The report also discusses Reliance Capital and its portfolio management arm. It outlines the methodology used for primary research, which involved collecting data through questionnaires and analyzing it. The analysis identified key factors that influence investors' PMS selection based on their expectations.
0601082 npa and recovery process with respect to small scale industriesSupa Buoy
This document provides an overview of a project report on non-performing assets (NPAs) and recovery processes with respect to small scale industries at Bank of Maharashtra. It includes an acknowledgment, table of contents, and initial chapters on the executive summary, company profile of Bank of Maharashtra, objectives of the study, and research methodology used in the project. The project aims to study NPAs of the bank with reference to small and medium enterprises and analyze the bank's recovery process. It utilizes data from the bank's annual reports, RBI guidelines, and other sources.
A study on selection behavior of investor in mutual fund with reference to ju...Kailash Naghera
This document outlines the structure and content of a study on the selection behavior of investors in mutual funds in Junagadh City, India. It includes an introduction to mutual funds, an overview of world and Indian markets, literature review on previous related studies both in India and abroad, and outlines the research methodology including sampling, data collection, and questionnaire. The literature review summarizes 9 previous studies on topics like factors influencing mutual fund selection, performance and its impact on investor behavior.
IDBI Capital is a leading Indian securities firm offering financial products and services. Its vision is to offer customers the best information to help them make decisions that improve their lives. Its mission is to be the brand of first choice among financial service providers. IDBI Capital provides a wide range of services including broking, research, portfolio management, and online investing platforms to both institutional and retail clients. It aims to empower investors through education and tools to help them effectively manage their finances.
This document provides an overview of non-performing assets and outlines the research methodology used for a project on the topic. It discusses that the project examines non-performing assets in the banking industry. The objectives of the project are to study NPA concepts, analyze bank policies for recovering NPA levels, and understand the effects of NPA on banks. The methodology includes collecting secondary data from annual reports, journals, websites and books. Limitations include banks hesitating to share full NPA data and a small sample size of one bank.
Comparative Analysis of NPA in Public, Private & in Private Sector Banks.Rajath Kunder
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Sumeet Bassi's summer training project report analyzes media perception of Reliance Money. The report is submitted in partial fulfillment of an MBA degree. It includes an acknowledgment section thanking various individuals from Reliance Money who provided assistance and guidance during the project. The abstract provides an overview of the two parts of the report - an analysis of Reliance Money's media share compared to competitors, and a survey examining public perception of Reliance Money in the media. The introduction gives background information on Reliance Money and its profile as a financial services company within the Reliance Group.
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Scope for mutual fund advisory business in JamnagarPritesh Radadiya
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Equity analysis of telecom sector for anand rathi securities by shilpa mandhanRavichandra Ks
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A Comparative Study of Equity Mutual Funds between Reliance and Birla SunLifePriyank Agarwal
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COMPARISON OF SIP OF DIFFERENT MUTUAL FUND COMPANIES & RECURRING DEPOSITS OF ...Deepak Lohar
The document discusses the history and growth of mutual funds in India. It outlines four phases of development: 1964-1987 with the establishment of UTI as the sole player; 1987-1993 saw the entry of public sector funds; 1993-2003 was marked by the entry of private sector funds and increased regulations; and post-2003 has seen consolidation in the industry. The mutual fund industry has grown significantly in recent years, adding 32 lakh new investors over the past year due to increased awareness campaigns. Total assets under management grew 25% and retail AUM grew 38% from 2017 to 2018.
The document provides an overview of the mutual fund industry in India. It discusses the evolution of mutual funds in India from the establishment of Unit Trust of India in 1963 to the present scenario. Key developments include the entry of public sector funds in 1987, private sector funds in 1993, and the bifurcation of UTI in 2003. The document also defines what a mutual fund is, explains the working of mutual funds including the roles of various constituents like sponsors, trustees, asset management companies, custodians and more. It highlights the advantages of mutual funds like diversification, professional management, liquidity, and tax benefits. Finally, it touches upon the risk-return relationship with respect to mutual fund investments.
A PERFORMANCE EVALUATION OF MUTUAL FUND Nirav Thanki
This document provides an overview of the mutual fund industry globally and in India. It discusses that mutual funds first originated in the United States in 1929 and have since grown to $12 trillion in assets globally by 2007, making them the largest financial investment vehicles. In India, the mutual fund industry was established in 1963 with the formation of Unit Trust of India. The industry has grown significantly since privatizing in 1993, and now has over 45 fund houses and approximately $20 billion in assets. The document outlines the key benefits of mutual funds for investors and discusses the continued growth potential of the industry in India.
0601060 equity analysis of telecom sectorSupa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
This document appears to be a student's project report submitted in partial fulfillment of an MBA degree. It includes sections on the certificate, student declaration, acknowledgements, table of contents, and an introduction. The introduction provides background on mutual funds in India, outlines the statement of problem regarding assessing investors' perception of mutual funds, and describes the scope and objectives of the research project. The research methodology section indicates the project will use secondary data sources to examine awareness, investor behavior, and perceptions of mutual funds in India.
This document is a project report submitted to Marwadi Education Foundation's Group of Institutions in partial fulfillment of an MBA degree. The report examines investor awareness and perception of Reliance Mutual Fund, specifically regarding SIP and STP plans. It includes an introduction to mutual funds and Reliance Mutual Fund, a literature review, research objectives and methodology, findings from surveys conducted, and recommendations. The report was submitted by Zinkal M Sheta and guided by faculty members Pratik Joshi and Mohit Arora.
Research report on mutual fund in india at mahindra financeProjects Kart
The document provides a history of mutual funds in India from their inception in 1964 to the present day. It discusses four phases of growth:
1) 1964-1987: Establishment of UTI as the sole provider of mutual funds. Slow growth during this period.
2) 1987-1993: Entry of public sector funds after UTI's monopoly ended. Accelerated growth and increased assets under management.
3) 1993-2003: Entry of private sector funds leading to greater choice for investors. Strong growth and more regulations established.
4) Post-2003: Continued growth of the industry with many mergers and acquisitions. The mutual fund industry now provides investment opportunities for investors across India
0601060 equity analysis of telecom sectorSupa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
Equity analysis of telecom sector for anand rathi securities by shilpa mandhanINDUS EXIMTECH PVT. LTD
This document is a project report submitted by Shilpa Mandhan to the University of Pune to fulfill the requirements for an MBA degree. The project analyzes the equity and performance of companies in the telecom sector in India. It was conducted over two months as an internship at Anand Rathi Securities Pvt Ltd, a leading stock broking and financial services firm. The report includes an introduction to the company, objectives and scope of the study, profiles of Anand Rathi Securities and selected telecom companies, research methodology used, data analysis of the companies, findings, recommendations, and conclusion.
Mutual fund Simplified- To study the Perception Towards Mutual Fund Services ...Shubham Tandan
cahpter 1: Executive Summary
chapter 2: Introduction to Mutual Fund
2.1 history
2.2 what is mutual fund
2.3 Characteristics of Mutual Funds
2.4 Benefits of Investing in a Mutual Fund
2.5 Disadvantages of Mutual Fund
2.6 ROLE OF MUTUAL FUNDS
2.6.1 Mutual Funds & Financial Market
2.6.2 Mutual Fund & Capital Market
2.7 KEY INVESTMENT CONSIDERATION BY THE INVESTORS
2.8 TYPES OF MUTUAL FUNDS
2.9 TAXATION BENEFITS INVESTING IN MUTUAL FUNDS
2.10 More about Mutual Fund
2.10.1 Net Asset Value (NAV)
2.10.2 Entry/ Exit Load
2.10.3 Sale or Repurchase/Redemption price
2.10.4 Risk involved in investing in Mutual Funds:
chapter 3: OBJECTIVES OF THE STUDY
chapter 4: PROFILE OF COMPANY
chapter 5:LITERATURE REVIEW
chapter 6: RESEARCH METHODOLOGY
chapter 7 : DATA ANALYSIS by SPSS
7.1 Factor Analysis
7.2 Chi-square
7.3 T-test
7.4 Annova
chapter 8: Findings
Chapter 9: CONCLUSION
chapter 10: SUGGESTIONS
chapter 11: ANNEXURE
chapter 12: BIBLIOGRAPHY
Performence of mutual fund by. karan gujratiKaran Gujrati
This document is a dissertation project report submitted by Karan Gujrati to the Department of Business Administration under the guidance of Dr. Mayank Malviya. It discusses the performance of mutual funds in India. The acknowledgement section thanks various people who helped with the project. The declaration confirms this is Karan's original work. The table of contents outlines the various sections of the report which will cover topics like the history of mutual funds in India, types of mutual funds, research methodology used in the analysis, an overview and analysis of various fund types, findings and recommendations.
Study on Mutual Fund Penetration levels and future of Mutual Fund Industry in...AKASHBHADRA4
In few years Mutual Funds has emerged as a tool for ensuring one’s financial well being. Mutual Funds have not only contributed to the Indian growth story but have also helped families tap into success of Indian Industry. As information and awareness is rising more and more people are enjoying the benefits of investing in Mutual Funds. The main reason the number of retail mutual fund investors remains small is that six out of ten people with income in India do not know about Mutual Fund exists. But once people are aware of mutual fund investment opportunities, the number who decide to invest in Mutual Funds increases to as many as two in five people. Mutual Funds now play a very significant role in channelizing
the saving of millions of individuals into the investment in equity and debt instruments.
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Industry in India”
The project report will focus on the penetration of mutual funds. The study will reflect the awareness level, investment pattern and the selection of a mutual fund scheme and their linkages with the financial objectives of working individuals. This project aims at making a study of the Indian Mutual Fund Industry: its current scenario and future outlook in India.
This project gave me a great learning experience and at the same time it gave me enough scope to implement my analytical ability. This report will help me to know about the investors’ preferences in Mutual Fund in any particular Asset Management Company (AMC), which type of fund they prefer, which option (Growth or Dividend) they prefer or how aware they are regarding the Mutual Fund.
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Analysis of Mutual Fund Schemes of Reliance Money By Mohammed Sarfaraz Siddique
1. A PROJECT REPORT
ON
“ANALYSIS OF MUTUAL FUND SCHEMES OF
RELIANCE MONEY.”
FOR
RELIANCE MONEY
Submitted to University of Pune
In the partial fulfillment of
MASTERS IN BUSINESS ADMINISTRATION
Submitted By
MOHAMMED SARFRAZ MOHAMMED SIDDIQUE
ALLANA INSTITUTE OF MANAGEMENT SCIENCES.
(2007-2009)
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 1
2. DECLARATION
I, the undersigned hereby declare that project report entitled “ANALYSIS OF MUTUAL
FUND SCHEMES OF RELIANCE MONEY” has been submitted under the guidance of
Prof. Pradnya P.M. This is the original work done by me.
Date:
Place:
MOHAMMED SARFRAZ
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 2
3. CERTIFICATE
This is to certify that the project report on “Analysis of mutual fund schemes of Reliance
Money“ completed by Mr. Mohammed Sarfraz student of the MBA course of the
University Of Pune, conducted by our Institute. The report is submitted in partial
fulfillment of the MBA course curriculum as per the rules of the University of Pune.
INTERNAL GUIDE DIRECTOR
Mrs.PRADNYA P.M. Dr. K.K. SINGH
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 3
4. ACKNOWLEDGEMENT
A successful project work is a result of the organized and well coordinated teamwork. So
at the completion of the project .
I take this opportunity to thank Mr. Abdullah Centre Manager of Reliance Money, for
his valuable advice and direction which he provided to me during the course of my
project. I am grateful to Dr. K.K.Singh and to all the members & the faculty of AIMS,
PUNE for their constant support and inspiration throughout the lifespan of the project.
I express my deep sense of gratitude and sincere thanks to my project guide
Prof. Pradnya for her constant guidance, co operation and advice which helped me in
completing the project successfully.
Last but not the least, I would like to thank all my family members and friends for their
constant co operation and inspiration and direct or indirect help without which this
project could not be completed.
MOHAMMED SARFRAZ
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 4
5. CONTENTS
Chapter INDEX Page No.
No.
Executive summary 07
1.
Introduction to the study 09
2.
Objective of the study 13
3.
Scope of the study 15
4.
Company Profile 17
5.
6. Theoretical Background 23
7. Mutual Fund Schemes Of Reliance Money. 34
8. Limitation of the study 47
9. Findings 49
10. Suggestions 51
11. Research Methodology 53
10. Conclusion 55
11. Bibliography 57
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 5
7. I had undertaken a project titled “Analysis of Mutual Fund Schemes For Reliance
Money”
This project work consists of the analytical and different schemes of mutual funds which
Reliance Money which provides to give the concept of what is the difference in their
schemes.
The methodology that was adopted for framing the project was primary and secondary
data. This project is restricted to Pune area only.
In my project, I have shown the different products and utility of it to the customer. This
project highlights on the peculiarities of the product since they are traded in the market.
The project was studied with the help of brochure, magazine and net.
Even a dialogue was carried with the top executive so that it can help me to shape my
project and get the exact idea where the position of product lies and its status.
Customers are the king. They were interviewed and their opinion was taken into
consideration so that I can correlate my information with the theory part.
Since customers were rigid they didn’t reveal the exact information about the product
.Even keeping in mind the duration of the project there were certain limitations for it. As
people were not ready to spare some time and discuss the product or answer to the query
raised by me.
So, I have to drawn some of the conclusion on the basis of the brochures and material of
the company being provided.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 7
9. INTRODUCTION TO MUTUAL FUNDS:
A mutual fund is an investment vehicle where a person or group of persons, called mutual
fund managers, choose a group of stocks and sell them in one package. Mutual Funds are
generally lower risk investment for a beginner or intermediate investor because;
The managers are experts.
Having a large number and variety of stocks is less risky than owning one stock
If the prices per share of some stocks go down, others
can go up, possibly keeping the price (NET ASSET VALUE), of the mutual
fund stable or going up.
Mutual funds are also recommended for those who do not have the time, energy or desire
to research their own stocks.
Every mutual fund and fund family comes with a prospectus read the prospectus before
investing. The prospectus not only helps you to understand what you are investing in, but
it helps you to understand mutual funds and stocks in general.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 9
10. Development of the Global Mutual Funds Industry
Structural changes in the global economic environment have, over the year, led to
the emerged of a strong market economy and facilitated the growth of the mutual
fund industry, particularly since the 1980s’. A market economy depends more on
growth led by the stock market than by bank finance. Since the mutual fund
industry is a strong pillar of the stock market system, it got a boost with the
emergence of a strong market economy. Mutual funds found increasing acceptance
also because they have the capacity to absorb the instability and uncertainties that
characterize the stock market system. The rise in inflation, reduction in real interest
and growing complexities in the market provide tremendous opportunities to mutual
funds. For these reasons, mutual fund industry began to thrive well particularly
during the 1990s’ in not only the developed countries, but the newly industrialized
and developing countries as well.
The immediate boos to mutual fund, however, was provided by the prolonged
economic boom in the US, which fuelled dynamic growth in the stock market, and
consequently in the mutual fund industry. In India too, the growth of the stock
market in the early 1990s, gave rise to unprecedented growth in the mutual fund
industry.
Growth was unprecedented in the 1990s, with the total increasing from
US$4156451 million in 1993 to US$7651618 million in 1998. While the assets of
the U.S. and non-U.S. mutual funds were 49.8% and 51.2%, respectively, in 1993
they amounted to 63.9% and 36.1% respectively. During the same period, the assets
of open ended mutual funds worldwide grew by 17% p.a. The growth of asset of
non US mutual funds, however was much lower.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 10
11. In terms of the open ended mutual fund investment companies worldwide, with an
unprecedented rise from 24474 in 1993 to 35424 in 1996. However the number
decline marginally to 31570 in 1998.
The rising trend continued in the US though, with the number increasing from
4537 in 1993 to 6254 in 1996 and to 7248 in 1998. commensurately, the share
of US increased from 18.5% to 77%.
The top five countries in terms of the open ended mutual funds in 1998 US,
France, Japan, Spain, and UK.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 11
12. OBJECTIVE OF THE STUDY
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 12
13. Objectives:-
1. To study the various offers of the company, services ranging from equities,
commodities, portfolio management etc.
2. The objective of the study was to collect information on the various securities
revolving in the market & thus providing customer service to clients to help them
invest capital in profitable plans.
3. To know about returns of the fund which one is beneficial.
4. To know their portfolio management.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 13
14. SCOPE OF THE STUDY
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 14
15. Scope of the study:-
The study covers various aspects of mutual fund like basic concept, types,
future of mutual fund in India & the schemes etc. But it does not cover these aspects in
detail relating with the legal aspects and the provisions made in different acts.
The time horizon selected for the study is from April 2007 to March 2008.
All the schemes have been analyzed with the consideration of this time frame.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 15
17. COMPANY PROFILE:
Reliance Capital Ltd is a part of the Reliance - Anil Dhirubhai Ambani Group, and is
ranked among the 25 most valuable private companies in India.
Reliance Capital is one of India's leading and fastest growing private sector financial
services companies, and ranks among the top 3 private sector financial services and
banking groups, in terms of net worth.
Reliance Capital has interests in asset management and mutual funds, life and general
insurance, private equity and proprietary investments, stock broking, depository services,
distribution of financial products, consumer finance and other activities in financial
services.
The Reliance Anil Dhirubhai Ambani Group is one of India's top 2 business houses, and
has a market capitalization of over Rs.2,90,000 crore (US$ 75 billion), net worth in
excess of Rs.55,000 crore (US$ 14 billion), cash flows of Rs. 11,000 crore (US$ 2.8
billion) and net profit of Rs. 7,700 crore (US$ 1.9 billion).
Reliance Capital Ltd. is a Non-Banking Financial Company (NBFC) registered with the
Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. RCL
was incorporated as a public limited company in 1986 and is now listed on the Bombay
Stock Exchange and the National Stock Exchange (India). With a net worth of over Rs
3,300 crore and over 165,000 shareholders, Reliance Capital has established its presence
as a leading player in the financial services sector in the country. On conversion of
outstanding equity instruments, the net worth of the company will increase to about Rs
4,100 crore.
Reliance Capital sees immense potential in the rapidly growing financial services sector
in India and aims to become a dominant player in this industry and offer fully integrated
financial services. It is headed by Anil Ambani.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 17
18. Reliance Capital is one of India’s leading and fastest growing private sector
financial services companies, and ranks among the top 3 private sector financial services
and banking companies, in terms of net worth.
Reliance Capital has interests in asset management and mutual funds, life and
general insurance, private equity and proprietary investments, stock broking and other
activities in financial services.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 18
19. I have done my project in Reliance Money and the
study of mutual funds of Reliance products or schemes.
About Reliance Money:
Reliance Money is a group company of Reliance Capital; one of India's leading and
fastest growing private sector financial services companies, ranking among the top 3
private sector financial services and banking companies, in terms of net worth. Reliance
Capital is a part of the Reliance Anil Dhirubhai Ambani Group.
Reliance Money which commenced commercial operations in April 2007 has over
300,000 customers and 4,300 outlets in more than 3,500 locations across India.
Reliance Money is a comprehensive electronic transaction platform offering a wide range
of asset classes. Its Endeavour is to change the way India transacts in financial markets
and avails financial services. Reliance Money is a single window, enabling you to access,
amongst others in Equities, Equity & Commodities Derivatives, Mutual Funds, IPO’s,
Life & General Insurance products, Off share Investments, Money Transfer, Money
Changing and Credit Cards.
Reliance Mutual Fund (RMF) is one of India’s leading Mutual Funds, with Average
Assets Under Management (AAUM) of Rs. 84563.92 Crs (AAUM for June 30th 08 ) and
an investor base of over 68.38 Lakhs.
Reliance Mutual Fund, a part of the Reliance - Anil Dhirubhai Ambani Group, is one of
the fastest growing mutual funds in the country.
RMF offers investors a well-rounded portfolio of products to meet varying investor
requirements and has presence in 118 cities across the country.
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20. Reliance Mutual Fund constantly endeavors to launch innovative products and customer
service initiatives to increase value to investors.
"Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management
Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up
capital of RCAM, the balance paid up capital being held by minority shareholders."
Reliance Capital Ltd. is one of India’s leading and fastest growing private sector financial
services companies, and ranks among the top 3 private sector financial services and
banking companies, in terms of net worth.
Reliance Capital Ltd. has interests in asset management, life and general insurance,
private equity and proprietary investments, stock broking and other financial services.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 20
21. ABOUT RELIANCE MUTUAL FUND:
Reliance Mutual Fund (RMF) is one of India’s leading Mutual Funds, with Average
Assets Under Management (AAUM) of Rs. 84563.92 Crs (AAUM for June 30th 08 ) and
an investor base of over 68.38 Lakhs.
Reliance Mutual Fund, a part of the Reliance - Anil Dhirubhai Ambani Group, is one of
the fastest growing mutual funds in the country.
RMF offers investors a well-rounded portfolio of products to meet varying investor
requirements and has presence in 118 cities across the country.
Reliance Mutual Fund constantly endeavors to launch innovative products and customer
service initiatives to increase value to investors.
"Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management
Limited., a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up
capital of RCAM, the balance paid up capital being held by minority shareholders."
Reliance Capital Ltd. is one of India’s leading and fastest growing private sector financial
services companies, and ranks among the top 3 private sector financial services and
banking companies, in terms of net worth.
Reliance Capital Ltd. has interests in asset management, life and general insurance,
private equity and proprietary investments, stock broking and other financial services.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 21
23. ORIGIN OF MUTUAL FUND INVESTING:-
When three Boston Securities executives pooled their money together in 1924 to create
the first mutual fund, they have no idea how popular mutual funds would become. The
idea of pooling money for investing purposes started in Europe in mid 1800s. The first
pooled in the US was created in 1893 for the faculty and staff of Harvard University. On
March 21st, 1924 the first official mutual fund was born. It was called the Massachusetts
Investors Trust. After one year the Massachusetts Investor Trust grew from $ 50000 in
assets to 3, 92,000 in assets (with around 200 share holders). In contrast there are more
than 10000 mutual funds in US today totaling around $7 trillion (with approximately 83
million individual investors) according to the Investment Company Institute.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 23
24. Concept of Mutual Funds:
A Mutual Fund is a trust that pools the savings of a number of investors who share a
common financial goal. The money thus collected is then invested in capital market
instruments such as shares, debentures and other securities. The income earned through
these investments and the capital appreciation realized are shared by its unit holders in
proportion to the number of units owned by them. Thus a Mutual Fund is the most
suitable investment for the common man as it offers an opportunity to invest in a
diversified, professionally managed basket of securities at a relatively low cost. The flow
chart below describes broadly the working of a mutual fund:
Mutual Fund Operation Flow Chart
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25. Organization of Mutual Funds in India:-
There are many entities involved and the diagram below illustrates the organizational set
up of a mutual fund:
Organization of a Mutual Fund
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26. Mutual Funds Industry in India:-
The origin of mutual fund industry in India is with the introduction of the concept of
mutual fund by UTI in the year 1963. Though the growth was slow, but it accelerated
from the year 1987 when non-UTI players entered the industry.
In the past decade, Indian mutual fund industry had seen dramatic improvements, both
quality wise as well as quantity wise. Before, the monopoly of the market had seen an
ending phase; the Assets Under Management (AUM) was Rs. 67bn. The private sector
entry to the fund family raised the AUM to Rs. 470 bn in March 1993 and till April 2004;
it reached the height of 1,540 bn.
Putting the AUM of the Indian Mutual Funds Industry into comparison, the total of it is
less than the deposits of SBI alone, constitute less than 11% of the total deposits held by
the Indian banking industry.
The main reason of its poor growth is that the mutual fund industry in India is new in the
country. Large sections of Indian investors are yet to be intellectuated with the concept.
Hence, it is the prime responsibility of all mutual fund companies, to market the product
correctly abreast of selling.
The mutual fund industry can be broadly put into four phases according to the
development of the sector. Each phase is briefly described as under.
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27. Types of mutual fund schemes
By structure
o open - ended schemes
o close - ended schemes
o interval schemes
By investment objective
o growth schemes
o income schemes
o balanced schemes
o money market schemes
Other schemes
o tax saving schemes
o special schemes
index schemes
sector specific schemes
Balanced fund --- has three objectives moderate long term growth of
capital, moderate income, and moderate stability.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 27
28. Advantages of Mutual Funds:
The advantages of investing in a Mutual Fund are:
Diversification: The best mutual funds design their portfolios so individual
investments will react differently to the same economic conditions. For example,
economic conditions like a rise in interest rates may cause certain securities in a
diversified portfolio to decrease in value. Other securities in the portfolio will
respond to the same economic conditions by increasing in value. When a portfolio
is balanced in this way, the value of the overall portfolio should gradually
increase over time, even if some securities lose value.
Professional Management: Most mutual funds pay topflight professionals to
manage their investments. These managers decide what securities the fund will
buy and sell.
Regulatory oversight: Mutual funds are subject to many government regulations
that protect investors from fraud.
Liquidity: It's easy to get your money out of a mutual fund. Write a check, make
a call, and you've got the cash.
Convenience: You can usually buy mutual fund shares by mail, phone, or over
the Internet.
Low cost: Mutual fund expenses are often no more than 1.5 percent of your
investment. Expenses for Index Funds are less than that, because index funds are
not actively managed. Instead, they automatically buy stock in companies that are
listed on a specific index
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 28
29. Phases of mutual funds
First Phase - 1964-87:-
Unit Trust of India (UTI) was established on 1963 by an Act of Parliament. It was set up
by the Reserve Bank of India and functioned under the Regulatory and administrative
control of the Reserve Bank of India. In 1978 UTI was de-linked from the RBI and the
Industrial Development Bank of India (IDBI) took over the regulatory and administrative
control in place of RBI. The first scheme launched by UTI was Unit Scheme 1964. At the
end of 1988 UTI had Rs.6,700 crores of assets under management.
Second Phase - 1987-1993 (Entry of Public Sector Funds)
Entry of non-UTI mutual funds. SBI Mutual Fund was the first followed by Canbank
Mutual Fund (Dec 87), Punjab National Bank Mutual Fund (Aug 89), Indian Bank
Mutual Fund (Nov 89), Bank of India (Jun 90), Bank of Baroda Mutual Fund (Oct 92).
LIC in 1989 and GIC in 1990. The end of 1993 marked Rs.47,004 as assets under
management.
Third Phase - 1993-2003 (Entry of Private Sector Funds)
With the entry of private sector funds in 1993, a new era started in the Indian mutual fund
industry, giving the Indian investors a wider choice of fund families. Also, 1993 was the
year in which the first Mutual Fund Regulations came into being, under which all mutual
funds, except UTI were to be registered and governed. The erstwhile Kothari Pioneer
(now merged with Franklin Templeton) was the first private sector mutual fund registered
in July 1993.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 29
30. The 1993 SEBI (Mutual Fund) Regulations were substituted by a more comprehensive
and revised Mutual Fund Regulations in 1996. The industry now functions under the
SEBI (Mutual Fund) Regulations 1996.
The number of mutual fund houses went on increasing, with many foreign mutual funds
setting up funds in India and also the industry has witnessed several mergers and
acquisitions. As at the end of January 2003, there were 33 mutual funds with total assets
of Rs. 1, 21,805 crores. The Unit Trust of India with Rs.44, 541 crores of assets under
management was way ahead of other mutual funds.
Fourth Phase - since February 2003
This phase had bitter experience for UTI. It was bifurcated into two separate entities. One
is the Specified Undertaking of the Unit Trust of India with AUM of Rs.29,835 crores (as
on January 2003). The Specified Undertaking of Unit Trust of India, functioning under an
administrator and under the rules framed by Government of India and does not come
under the purview of the Mutual Fund Regulations.
The second is the UTI Mutual Fund Ltd, sponsored by SBI, PNB, BOB and LIC. It is
registered with SEBI and functions under the Mutual Fund Regulations. With the
bifurcation of the erstwhile UTI which had in March 2000 more than Rs.76,000 crores of
AUM and with the setting up of a UTI Mutual Fund, conforming to the SEBI Mutual
Fund Regulations, and with recent mergers taking place among different private sector
funds, the mutual fund industry has entered its current phase of consolidation and growth.
As at the end of September, 2004, there were 29 funds, which manage assets of
Rs.153108 crores under 421 schemes.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 30
31. Performance of Mutual Funds in India:-
Let us start the discussion of the performance of mutual funds in India from the day the
concept of mutual fund took birth in India. The year was 1963. Unit Trust of India invited
investors or rather to those who believed in savings, to park their money in UTI Mutual
Fund.
For 30 years it goaled without a single second player. Though the 1988 year saw some
new mutual fund companies, but UTI remained in a monopoly position.
The performance of mutual funds in India in the initial phase was not even closer to
satisfactory level. People rarely understood, and of course investing was out of question.
But yes, some 24 million shareholders were accustomed with guaranteed high returns by
the beginning of liberalization of the industry in 1992. This good record of UTI became
marketing tool for new entrants. The expectations of investors touched the sky in
profitability factor. However, people were miles away from the preparedness of risks
factor after the liberalization.
The Assets Under Management of UTI was Rs. 67bn. by the end of 1987. Let me
concentrate about the performance of mutual funds in India through figures. From Rs.
67bn. the Assets Under Management rose to Rs. 470 bn. in March 1993 and the figure
had a three times higher performance by April 2004. It rose as high as Rs. 1,540bn.
The net asset value (NAV) of mutual funds in India declined when stock prices started
falling in the year 1992. Those days, the market regulations did not allow portfolio shifts
into alternative investments. There was rather no choice apart from holding the cash or to
further continue investing in shares. One more thing to be noted, since only closed-end
funds were floated in the market, the investors disinvested by selling at a loss in the
secondary market.
The performance of mutual funds in India suffered qualitatively. The 1992 stock market
scandal, the losses by disinvestments and of course the lack of transparent rules in the
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 31
32. whereabouts rocked confidence among the investors. Partly owing to a relatively weak
stock market performance, mutual funds have not yet recovered, with funds trading at an
average discount of 1020 percent of their net asset value.
The supervisory authority adopted a set of measures to create a transparent and
competitive environment in mutual funds. Some of them were like relaxing investment
restrictions into the market, introduction of open-ended funds, and paving the gateway for
mutual funds to launch pension schemes.
The measure was taken to make mutual funds the key instrument for long-term saving.
The more the variety offered, the quantitative will be investors.
At last to mention, as long as mutual fund companies are performing with lower risks and
higher profitability within a short span of time, more and more people will be inclined to
invest until and unless they are fully educated with the dos and don’ts of mutual funds.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 32
33. SCHEMES OF MUTUAL
FUND IN RELIANCE
MONEY
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 33
34. SCHEMES OF RELIANCE MONEY:-
1. Equity/Growth Schemes:
The aim of growth funds is to provide capital appreciation over the medium to long-
term. Such schemes normally invest a major part of their corpus in equities. Such funds
have comparatively high risks. These schemes provide different options to the investors
like dividend option, capital appreciation, etc. and the investors may choose an option
depending on their preferences. The investors must indicate the option in the application
form. The mutual funds also allow the investors to change the options at a later date.
Growth schemes are good for investors having a long-term outlook seeking appreciation
over a period of time.
Reliance Natural Resources Fund :
(An Open Ended Equity Scheme) The primary investment objective of the scheme is to
seek to generate capital appreciation & provide long-term growth opportunities by
investing in companies principally engaged in the discovery, development, production, or
distribution of natural resources and the secondary objective is to generate consistent
returns by investing in debt and money market securities.
Reliance Equity Fund:-
(An open-ended diversified Equity Scheme.) The primary investment objective of the
scheme is to seek to generate capital appreciation & provide long-term growth
opportunities by investing in a portfolio constituted of equity & equity related securities
of top 100 companies by market capitalization & of companies which are available in the
derivatives segment from time to time and the secondary objective is to generate
consistent returns by investing in debt and money market securities.
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35. Reliance Tax Saver (ELSS) Fund :-
(An Open-ended Equity Linked Savings Scheme.) The primary objective of the scheme is
to generate long-term capital appreciation from a portfolio that is invested predominantly
in equity and equity related instruments.
Reliance Equity Opportunities Fund :-
(An Open-Ended Diversified Equity Scheme.) The primary investment objective of the
scheme is to seek to generate capital appreciation & provide long-term growth
opportunities by investing in a portfolio constituted of equity securities & equity related
securities and the secondary objective is to generate consistent returns by investing in
debt and money market securities.
Reliance Vision Fund:
(An Open-ended Equity Growth Scheme.) The primary investment objective of the
Scheme is to achieve long term growth of capital by investment in equity and equity
related securities through a research based investment approach.
Reliance Growth Fund:
(An Open-ended Equity Growth Scheme.) The primary investment objective of the
Scheme is to achieve long term growth of capital by investment in equity and equity
related securities through a research based investment approach.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 35
36. Reliance Index Fund :-
(An Open Ended Index Linked Scheme.) The Investment Objective under the Nifty Plan
is to replicate the composition of the Nifty, with a view to endeavor to generate returns,
which could approximately be the same as that of Nifty. The Investment Objective under
the Sensex plan is to replicate the composition of the Sensex, with a view to endeavor to
generate returns, which could approximately be the same as that of Sensex.
Reliance NRI Equity Fund :-
(An open-ended Diversified Equity Scheme.) The Primary investment objective of the
scheme is to generate optimal returns by investing in equity or equity related instruments
primarily drawn from the Companies in the BSE 200 Index.
Reliance Regular Savings Fund:-
(An Open-ended Scheme.) Equity Option: The primary investment objective of this
option is to seek capital appreciation and/or to generate consistent returns by actively
investing in Equity &Equity-related Securities.
Balanced Option:
The primary investment objective of this option is to generate consistent returns and
appreciation of capital by investing in mix of securities comprising of equity, equity
related instruments & fixed income instruments.
Reliance Long Term Equity Fund:
(An close-ended Diversified Equity Scheme.) The primary investment objective of the
scheme is to seek to generate long term capital appreciation & provide long-term growth
opportunities by investing in a portfolio constituted of equity & equity related securities
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 36
37. and Derivatives and the secondary objective is to generate consistent returns by investing
in debt and money market securities.
Reliance Equity Advantage Fund:
(An open-ended Diversified Equity Scheme.) The primary investment objective of the
scheme is to seek to generate capital appreciation & provide long-term growth
opportunities by investing in a portfolio predominantly of equity & equity related
instruments with investments generally in S & P CNX Nifty stocks and the secondary
objective is to generate consistent returns by investing in debt and money market
securities
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38. 2. Debt/Income Schemes
The aim of income funds is to provide regular and steady income to investors. Such
schemes generally invest in fixed income securities such as bonds, corporate debentures,
Government securities and money market instruments. Such funds are less risky
compared to equity schemes. These funds are not affected because of fluctuations in
equity markets. However, opportunities of capital appreciation are also limited in such
funds. The NAVs of such funds are affected because of change in interest rates in the
country. If the interest rates fall, NAVs of such funds are likely to increase in the short
run and vice versa. However, long term investors may not bother about these fluctuations.
Reliance Monthly Income Plan :
(An Open Ended Fund. Monthly Income is not assured & is subject to the availability of
distributable surplus ) The Primary investment objective of the Scheme is to generate
regular income in order to make regular dividend payments to unit holders and the
secondary objective is growth of capital.
Reliance Gilt Securities Fund - Short Term Gilt Plan & Long
Term Gilt Plan :
Open-ended Government Securities Scheme) The primary objective of the Scheme is to
generate Optimal credit risk-free returns by investing in a portfolio of securities issued
and guaranteed by the central Government and State Government
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 38
39. Reliance Income Fund:
(An Open-ended Income Scheme) The primary objective of the scheme is to generate
optimal returns consistent with moderate levels of risk. This income may be
complemented by capital appreciation of the portfolio. Accordingly, investments shall
predominantly be made in Debt & Money market instruments.
Reliance Medium Term Fund:
(An Open End Income Scheme with no assured returns.) The primary investment
objective of the Scheme is to generate regular income in order to make regular dividend
payments to unit holders and the secondary objective is growth of capital
Reliance Short Term Fund :
(An Open End Income Scheme) The primary investment objective of the scheme is to
generate stable returns for investors with a short investment horizon by investing in Fixed
Income Securities of short term maturity.
Reliance Liquid Fund :
(Open-ended Liquid Scheme). The primary investment objective of the Scheme is to
generate optimal returns consistent with moderate levels of risk and high liquidity.
Accordingly, investments shall predominantly be made in Debt and Money Market
Instruments.
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40. Reliance Floating Rate Fund:
(An Open End Liquid Scheme) The primary objective of the scheme is to generate
regular income through investment in a portfolio comprising substantially of Floating
Rate Debt Securities (including floating rate securitized debt and Money Market
Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The
scheme shall also invest in fixed rate debt Securities (including fixed rate securitized
debt, Money Market Instruments and Floating Rate Debt Instruments swapped for fixed
returns
Reliance NRI Income Fund:
(An Open-ended Income scheme) The primary investment objective of the Scheme is to
generate optimal returns consistent with moderate levels of risks. This income may be
complimented by capital appreciation of the portfolio. Accordingly, investments shall
predominantly be made in debt Instruments.
Reliance Liquidity Fund:
(An Open - ended Liquid Scheme) The investment objective of the Scheme is to generate
optimal returns consistent with moderate levels of risk and high liquidity. Accordingly,
investments shall predominantly be made in Debt and Money Market Instruments.
Reliance Interval Fund:
(A Debt Oriented Interval Scheme) The primary investment objective of the scheme is to
seek to generate regular returns and growth of capital by investing in a diversified
portfolio
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 40
41. Reliance Liquid plus Fund:
(An Open-ended Income Scheme.) The investment objective of the Scheme is to generate
optimal returns consistent with moderate levels of risk and liquidity by investing in debt
securities and money market securities.
Reliance Fixed Horizon Fund –I:
(A closed ended Scheme) The primary investment objective of the scheme is to seek to
generate regular returns and growth of capital by investing in a diversified portfolio.
Reliance Fixed Horizon Fund –II:
(An closed ended Scheme.) The primary investment objective of the scheme is to seek to
generate regular returns and growth of capital by investing in a diversified portfolio.
Reliance Fixed Horizon Fund –III:
(An Close-ended Income Scheme.) The primary investment objective of the scheme is to
seek to generate regular returns and growth of capital by investing in a diversified
portfolio
Reliance Fixed Tenor Fund:
(An Close-ended Scheme.) The primary investment objective of the Plan is to seek to
generate regular returns and growth of capital by investing in a diversified portfolio.
Reliance Fixed Horizon Fund -Plan C:
(An closed ended Scheme.) The primary investment objective of the scheme is to seek to
generate regular returns and growth of capital by investing in a diversified portfolio.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 41
42. Reliance Fixed Horizon Fund - IV:
(An Close-ended Income Scheme.) The primary investment objective of the scheme is to
seek to generate regular returns and growth of capital by investing in a diversified
portfolio
Reliance Fixed Horizon Fund - V:
(An Close-ended Income Scheme.) The primary investment objective of the scheme is to
seek to generate regular returns and growth of capital by investing in a diversified
portfolio of: -
Central and State Government securities and
Other fixed income/ debt securities normally maturing in line with the time profile of
the scheme with the objective of limiting interest rate volatility
Reliance Fixed Horizon Fund - VI:
(An Close-ended Income Scheme.) The primary investment objective of the scheme is to
seek to generate regular returns and growth of capital by investing in a diversified
portfolio of: -
Central and State Government securities and
Other fixed income/ debt securities normally maturing in line with the time profile of the
series with the objective of limiting interest rate volatility
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43. Reliance Fixed Horizon Fund - VII:
(An Close-ended Income Scheme.) The primary investment objective of the scheme is to
seek to generate regular returns and growth of capital by investing in a diversified
portfolio of: -
Central and State Government securities and
Other fixed income/ debt securities normally maturing in line with the time profile of the
series with the objective of limiting interest rate volatility.
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44. 3. Sector Specific Schemes:
These are the funds/schemes which invest in the securities of only those sectors or
industries as specified in the offer documents. E.g. Pharmaceuticals, Software, Fast
Moving Consumer Goods (FMCG), Petroleum stocks, etc. The returns in these funds are
dependent on the performance of the respective sectors/industries. While these funds may
give higher returns, they are more risky compared to diversified funds. Investors need to
keep a watch on the performance of those sectors/industries and must exit at an
appropriate time. They may also seek advice of an expert.
Reliance Banking Fund
Reliance Mutual Fund has an Open-Ended Banking Sector Scheme which has the
primary investment objective to generate continuous returns by actively investing in
equity / equity related or fixed income securities of banks.
Reliance Diversified Power Sector Fund:
Reliance Diversified Power Sector Scheme is an Open-ended Power Sector Scheme.
The primary investment objective of the Scheme is to seek to generate consistent returns
by actively investing in equity / equity related or fixed income securities of Power and
other associated companies.
Reliance Pharma Fund:
Reliance Pharma Fund is an Open-ended Pharma Sector Scheme.
The primary investment objective of the Scheme is to generate consistent returns by
investing in equity / equity related or fixed income securities of Pharma and other
associated companies.
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45. Reliance Media & Entertainment Fund:
Reliance Media & Entertainment Fund is an Open-ended Media & Entertainment sector
scheme.
The primary investment objective of the Scheme is to generate consistent returns by
investing in equity / equity related or fixed income securities of media & entertainment
and other associated companies.
4. Exchange Traded Fund
Reliance Gold Exchange Traded Fund:
(An open-ended Gold Exchange Traded Fund) the investment objective is to seek to
provide returns that closely correspond to returns provided by price of gold through
investment in physical Gold (and Gold related securities as permitted by Regulators from
time to time). However, the performance of the scheme may differ from that of the
domestic prices of Gold due to expenses and or other related factors.
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47. Limitation of the Study:
1. This study is limited to only schemes of mutual fund.
2. This study is restricted to Pune city only.
3. The study is limited up to the mutual funds operating in India.
4. The returns of mutual fund are related to the share market conditions and hence it is
difficult to measure them accurately.
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49. FINDINGS:
Most of the investors want guaranteed returns from the investment.
Every fund has some what percentage in debt product to avoid high risk of
market.
The investors are aware of mutual funds they do not invest in proportionate.
Midcap fund has high risk but potential of high returns.
Most of the investors are interested in banks that too in saving deposit and it is
very popular tool of investment.
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51. If investor wants to diversify their allocation to reduce risk then they should select
Reliance Money as their allocation in equity and debt is in proportion.
Investor should be made aware of the schemes existing in market according to
their portfolio.
Reliance Money should attract investors to invest in mutual funds by introducing
new schemes.
While investing, investors should not only take in to consideration their past
performance asset allocation and the returns given during their inception.
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53. The research methodology helps to build the project on the basis of data collected.
I have collected the data which has helped me to frame the project through primary and
secondary data.
PRIMARY DATA:
In this case, I had discussion with the company guide and senior colleagues to gather the
information related to my project work and then I approached the customers of Reliance
Money.
During my project not only the primary data helped me but I have to take help of the
secondary data.
Secondary Data:
In this case, I have referred to various books, magazines, company brochure, net etc.to
extract the information that was needed for my project.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 53
55. CONCLUSION:
From the analysis it is found that most of the customers go with bank
deposits because of current needs. They should divert their investors mind from bank
saving deposit and make them aware of the high returns gained by investing in mutual
fund.
Guidance is an important criterion for the investors to make them aware
about mutual fund schemes and their returns. Hence asset management companies
should start promotional campaigns for exploring the knowledge and information about
the mutual fund.
Hence by analyzing the schemes of Reliance mutual fund it can be stated
that most of the investors invest in ELLS. The representatives of Reliance Money are
able to satisfy all the queries offered by the clients. In turn, helping them to serve in a
better way.
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 55
57. BIBLIOGRAPHY:
THE INDIAN FINANCIAL SYSTEM BY VASANT DESAI.
FINANCIAL INSTITUTIONS & MARKETS BY MUKUND MAHAJAN.
FINANCIAL SERVICES MARKETS BY ANIL AGASHA.
MARKETING & FINANCIAL SERVICES BY V.A. AVDHANI.
BROACHURE of THE COMPANY.
WEBSITES:-
www.reliancemoney.com
www.googlesearch.com
ALLANA INSTITUE OF MANAGEMENT SCIENCE, PUNE. 57