This document summarizes a market research project report submitted by Sunil Sanjodiya to the Sanghvi Institute of Management and Science in partial fulfillment of requirements for a postgraduate diploma in management. The report studies the attractive features of HDFC Mutual Fund to develop investor perception levels in Indore, India. It includes an acknowledgement, declaration, certificate from faculty guide, preface, and chapters on the history and phases of development of the Indian mutual fund industry as well as the company profile of HDFC Mutual Fund.
The document provides information about HDFC Asset Management Company Limited (HDFC AMC), including its vision, sponsors, and types of mutual funds. HDFC AMC aims to be a dominant player in the Indian mutual fund space recognized for high ethical and professional conduct. It is sponsored by HDFC and Standard Life Investment Limited. The document also describes open-ended and closed-ended funds, with open-ended funds available for subscription all year and closed-ended funds having a fixed maturity period.
Comparative study of mutual funds in india Rahul Todur
This document provides a project report on a comparative study of mutual funds in India with reference to HDFC Mutual Fund and SBI Mutual Fund. It includes an introduction to mutual funds, their history and development in India. It also outlines the objectives of the study, which are to analyze the growth of the mutual fund industry and evaluate the performance of schemes from major public and private sector funds. The report further describes HDFC Mutual Fund and SBI Mutual Fund in detail and includes a literature review, research methodology, data collection process and findings/suggestions from the comparative analysis.
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
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 project report on different schemes of mutual funds and their comparative ...Babasab Patil
The document analyzes the 15-year track records of three mutual fund schemes - Franklin Blue Chip Fund, ICICI Prudential Power Fund, and HDFC Capital Builder Fund - compared to their respective benchmarks. It finds that the HDFC fund had the highest average returns at 3.04% and was the most stable. The Franklin fund had higher risk but potential for higher returns over 4+ years. The ICICI fund also performed well with stable returns of around 2.86%. The document recommends mutual funds for their benefits over bank deposits and direct stock investing.
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.
investement planning through NJ INDIA invest pvt ltdAmanpreet Singh
This document provides an overview of the mutual fund industry in India. It discusses the evolution of the industry from the formation of Unit Trust of India in 1963 to the present day, where the industry has grown significantly and become more competitive. It also describes the basic concept of a mutual fund, how it pools investments from many investors and invests it according to the fund's objectives. The document focuses on providing a high-level history and introduction to mutual funds in India.
The document provides information about HDFC Asset Management Company Limited (HDFC AMC), including its vision, sponsors, and types of mutual funds. HDFC AMC aims to be a dominant player in the Indian mutual fund space recognized for high ethical and professional conduct. It is sponsored by HDFC and Standard Life Investment Limited. The document also describes open-ended and closed-ended funds, with open-ended funds available for subscription all year and closed-ended funds having a fixed maturity period.
Comparative study of mutual funds in india Rahul Todur
This document provides a project report on a comparative study of mutual funds in India with reference to HDFC Mutual Fund and SBI Mutual Fund. It includes an introduction to mutual funds, their history and development in India. It also outlines the objectives of the study, which are to analyze the growth of the mutual fund industry and evaluate the performance of schemes from major public and private sector funds. The report further describes HDFC Mutual Fund and SBI Mutual Fund in detail and includes a literature review, research methodology, data collection process and findings/suggestions from the comparative analysis.
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
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 project report on different schemes of mutual funds and their comparative ...Babasab Patil
The document analyzes the 15-year track records of three mutual fund schemes - Franklin Blue Chip Fund, ICICI Prudential Power Fund, and HDFC Capital Builder Fund - compared to their respective benchmarks. It finds that the HDFC fund had the highest average returns at 3.04% and was the most stable. The Franklin fund had higher risk but potential for higher returns over 4+ years. The ICICI fund also performed well with stable returns of around 2.86%. The document recommends mutual funds for their benefits over bank deposits and direct stock investing.
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.
investement planning through NJ INDIA invest pvt ltdAmanpreet Singh
This document provides an overview of the mutual fund industry in India. It discusses the evolution of the industry from the formation of Unit Trust of India in 1963 to the present day, where the industry has grown significantly and become more competitive. It also describes the basic concept of a mutual fund, how it pools investments from many investors and invests it according to the fund's objectives. The document focuses on providing a high-level history and introduction to mutual funds in India.
This document provides an analysis of various balanced and liquid funds. It begins with an introduction to mutual funds and their structure. It then discusses company profiles, types of balanced and liquid funds, and analytical tools used to compare fund performance such as Sharp ratio, Treynor ratio, and standard deviation. Several chapters analyze specific mutual funds and present the results of a survey on the industry. The conclusion suggests that balanced and liquid funds are growing in popularity and performance is improving. The mutual fund industry is expanding rapidly in India.
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.
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.
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
The document is a project report comparing mutual funds of HDFC and ICICI. It includes an introduction describing mutual funds, their history and types. It outlines the objectives of comparing the two companies' investment opportunities and ability to help investors make decisions. The report contains sections on literature review, research methodology, analysis, findings, and conclusions.
The document provides an overview of HDFC Mutual Fund, explaining that it is a mutual fund operated by HDFC Asset Management Company and offers various types of funds for investors. It also discusses the concepts and operations of mutual funds generally, describing how mutual funds pool money from investors and invest it in securities to generate income and capital appreciation for investors. Key products, pricing, promotion, distribution channels and the mutual fund industry in India are also summarized.
The document discusses the history and evolution of the mutual fund industry in India, with a focus on UTI Mutual Funds. It covers the establishment of UTI in 1963 as the first mutual fund in India and its monopoly until 1987. It then discusses the entry of public sector funds in 1987 and private sector funds in 1993, as well as increased regulation by SEBI from 1996 onwards. The document also provides data on the growth of assets under management across UTI and other public/private sector funds from 1998 to 2001.
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 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.
The document provides details about Manoj K Muliya's summer training project report on the scope of wealth advisory business model at NJ India Invest in Rajkot. The report includes an introduction, acknowledgements, executive summary, chapters on the theoretical perspective of wealth advisory models, research methodology, data analysis and findings. The report findings note the untapped potential in wealth advisory due to fewer advisors and lack of awareness, and provides suggestions to increase awareness of mutual funds and wealth management.
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.
In depth knowledge of ICICI Mutual Fund products, Service , customer views, their queries, their mindsets about service and products, questionnaire, data, graphs, No. of customers invested in securities in the last 12 months, Reasons of customers for not investing in MF through ICICI direct.com, Responses of customers about the site features they found useful at ICICI direct.com.
CICI Securities Ltd is an integrated securities firm offering a wide range of services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. ICICI Securities sees its role as 'Creating Informed Access to the Wealth of the Nation' for its diversified set of client that includes corporates, financial institutions, high net- worth individuals, and retail investors. Headquartered in Mumbai, ICICI Securities operates out of 66 cities and towns in India and global offices in Singapore and New York. ICICI Securities Inc., the step-down wholly owned US subsidiary of the company is a member of the Financial Industry Regulatory Authority (FINRA) / Securities Investors Protection Corporation (SIPC). ICICI Securities Inc. activities include Dealing in Securities and Corporate Advisory Services in the United States. ICICI Securities Inc. is also registered with the Monetary Authority of Singapore (MAS) and operates a branch office in Singapore.
Project on mutual funds study and surveyProjects Kart
The document provides an overview of the history of mutual funds in India divided into phases:
1) Establishment of UTI in 1963-1987 with UTI enjoying monopoly status. UTI launched various schemes and saw significant growth.
2) Entry of public sector funds in 1987-1993 with SBI MF becoming the first non-UTI MF and others like LIC MF entering. UTI remained the largest.
3) Emergence of private sector funds in 1993-1996 which introduced innovative products and increased competition.
4) Growth and regulation phase from 1996-2004 with SEBI introducing regulations and the industry seeing robust growth. Tax benefits were provided to encourage investment.
PERFORMANCE ANALYSIS OF MUTUAL FUNDS IN INDIADAWOODANAS
This document appears to be a dissertation submitted by Dawood Anas for an MBA program. It discusses performance analysis of mutual funds in India. The dissertation contains chapters that will analyze HDFC and ICICI mutual funds, including introduction to the topic of mutual funds, companies, literature review, need/scope/objectives, advantages/disadvantages of mutual funds, types of mutual funds in India, working of mutual funds, top companies in India, research methodology, data analysis, findings, limitations/recommendations, and conclusion. It will aim to determine which company, HDFC or ICICI, provides better investment opportunities and allow investors to make better decisions.
This document is a project report submitted to Krishna University by Nitish Nair in partial fulfillment of an MBA degree. The report studies and analyzes the top 3 large cap equity mutual fund schemes across the Indian mutual fund industry. It provides background on mutual funds, their history and growth in India. The report will analyze specific mutual fund companies and their large cap equity schemes through data collection and interpretation to make findings and suggestions.
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.
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.
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.
Customer perception towards mutual fundsProjects Kart
The document provides an overview of Karvy, an Indian financial services company. It details Karvy's various services including stock broking, distribution of financial products like mutual funds, depository services, advisory services, and more. It outlines Karvy's history and growth over the past 20 years to become a premier integrated financial services provider in India.
The document is a report submitted for a Master's degree that studies the performance of equity schemes of HDFC Mutual Fund compared to other companies. It includes an introduction to mutual funds and HDFC Mutual Fund, as well as sections on analysis techniques, findings, and acknowledgements. The objective is to evaluate the risk and returns of HDFC equity schemes versus two other competitors over a 5-year period.
Mutual Fund A case study on HDFC Mutual Fund Asset Management CompanyKezar Rajpiplawala
This document provides an overview of mutual funds in India including:
- A brief history of mutual funds in India from the 1960s to present day, divided into four phases of development.
- The key regulatory bodies that govern mutual funds including SEBI, AMFI, RBI, and the Ministry of Finance.
- An introduction to the main types of mutual funds based on execution, investment pattern, and taxation.
- An overview of investor rights and obligations as well as the role and responsibilities of trustees in overseeing mutual funds.
This document provides an analysis of various balanced and liquid funds. It begins with an introduction to mutual funds and their structure. It then discusses company profiles, types of balanced and liquid funds, and analytical tools used to compare fund performance such as Sharp ratio, Treynor ratio, and standard deviation. Several chapters analyze specific mutual funds and present the results of a survey on the industry. The conclusion suggests that balanced and liquid funds are growing in popularity and performance is improving. The mutual fund industry is expanding rapidly in India.
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.
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.
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
The document is a project report comparing mutual funds of HDFC and ICICI. It includes an introduction describing mutual funds, their history and types. It outlines the objectives of comparing the two companies' investment opportunities and ability to help investors make decisions. The report contains sections on literature review, research methodology, analysis, findings, and conclusions.
The document provides an overview of HDFC Mutual Fund, explaining that it is a mutual fund operated by HDFC Asset Management Company and offers various types of funds for investors. It also discusses the concepts and operations of mutual funds generally, describing how mutual funds pool money from investors and invest it in securities to generate income and capital appreciation for investors. Key products, pricing, promotion, distribution channels and the mutual fund industry in India are also summarized.
The document discusses the history and evolution of the mutual fund industry in India, with a focus on UTI Mutual Funds. It covers the establishment of UTI in 1963 as the first mutual fund in India and its monopoly until 1987. It then discusses the entry of public sector funds in 1987 and private sector funds in 1993, as well as increased regulation by SEBI from 1996 onwards. The document also provides data on the growth of assets under management across UTI and other public/private sector funds from 1998 to 2001.
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 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.
The document provides details about Manoj K Muliya's summer training project report on the scope of wealth advisory business model at NJ India Invest in Rajkot. The report includes an introduction, acknowledgements, executive summary, chapters on the theoretical perspective of wealth advisory models, research methodology, data analysis and findings. The report findings note the untapped potential in wealth advisory due to fewer advisors and lack of awareness, and provides suggestions to increase awareness of mutual funds and wealth management.
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.
In depth knowledge of ICICI Mutual Fund products, Service , customer views, their queries, their mindsets about service and products, questionnaire, data, graphs, No. of customers invested in securities in the last 12 months, Reasons of customers for not investing in MF through ICICI direct.com, Responses of customers about the site features they found useful at ICICI direct.com.
CICI Securities Ltd is an integrated securities firm offering a wide range of services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. ICICI Securities sees its role as 'Creating Informed Access to the Wealth of the Nation' for its diversified set of client that includes corporates, financial institutions, high net- worth individuals, and retail investors. Headquartered in Mumbai, ICICI Securities operates out of 66 cities and towns in India and global offices in Singapore and New York. ICICI Securities Inc., the step-down wholly owned US subsidiary of the company is a member of the Financial Industry Regulatory Authority (FINRA) / Securities Investors Protection Corporation (SIPC). ICICI Securities Inc. activities include Dealing in Securities and Corporate Advisory Services in the United States. ICICI Securities Inc. is also registered with the Monetary Authority of Singapore (MAS) and operates a branch office in Singapore.
Project on mutual funds study and surveyProjects Kart
The document provides an overview of the history of mutual funds in India divided into phases:
1) Establishment of UTI in 1963-1987 with UTI enjoying monopoly status. UTI launched various schemes and saw significant growth.
2) Entry of public sector funds in 1987-1993 with SBI MF becoming the first non-UTI MF and others like LIC MF entering. UTI remained the largest.
3) Emergence of private sector funds in 1993-1996 which introduced innovative products and increased competition.
4) Growth and regulation phase from 1996-2004 with SEBI introducing regulations and the industry seeing robust growth. Tax benefits were provided to encourage investment.
PERFORMANCE ANALYSIS OF MUTUAL FUNDS IN INDIADAWOODANAS
This document appears to be a dissertation submitted by Dawood Anas for an MBA program. It discusses performance analysis of mutual funds in India. The dissertation contains chapters that will analyze HDFC and ICICI mutual funds, including introduction to the topic of mutual funds, companies, literature review, need/scope/objectives, advantages/disadvantages of mutual funds, types of mutual funds in India, working of mutual funds, top companies in India, research methodology, data analysis, findings, limitations/recommendations, and conclusion. It will aim to determine which company, HDFC or ICICI, provides better investment opportunities and allow investors to make better decisions.
This document is a project report submitted to Krishna University by Nitish Nair in partial fulfillment of an MBA degree. The report studies and analyzes the top 3 large cap equity mutual fund schemes across the Indian mutual fund industry. It provides background on mutual funds, their history and growth in India. The report will analyze specific mutual fund companies and their large cap equity schemes through data collection and interpretation to make findings and suggestions.
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.
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.
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.
Customer perception towards mutual fundsProjects Kart
The document provides an overview of Karvy, an Indian financial services company. It details Karvy's various services including stock broking, distribution of financial products like mutual funds, depository services, advisory services, and more. It outlines Karvy's history and growth over the past 20 years to become a premier integrated financial services provider in India.
The document is a report submitted for a Master's degree that studies the performance of equity schemes of HDFC Mutual Fund compared to other companies. It includes an introduction to mutual funds and HDFC Mutual Fund, as well as sections on analysis techniques, findings, and acknowledgements. The objective is to evaluate the risk and returns of HDFC equity schemes versus two other competitors over a 5-year period.
Mutual Fund A case study on HDFC Mutual Fund Asset Management CompanyKezar Rajpiplawala
This document provides an overview of mutual funds in India including:
- A brief history of mutual funds in India from the 1960s to present day, divided into four phases of development.
- The key regulatory bodies that govern mutual funds including SEBI, AMFI, RBI, and the Ministry of Finance.
- An introduction to the main types of mutual funds based on execution, investment pattern, and taxation.
- An overview of investor rights and obligations as well as the role and responsibilities of trustees in overseeing mutual funds.
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 a project synopsis for a study comparing HDFC Mutual Fund to other major players. The study aims to determine the best mutual fund for investments. Objectives include studying mutual fund structures in India, HDFC schemes, fund performance, and comparing HDFC schemes to others. The methodology involves market surveys, case studies, and fundamental analysis. The sample includes 150 investors in Bangalore South investing in equity growth funds over three years. Primary data will be collected from fund companies and surveys. Secondary data comes from publications. Content will include introductions, study overview, methodology, findings, and references.
Credit risk management @ state bank of india project report mba financeBabasab Patil
This document provides an executive summary and background for a project on credit risk management at State Bank of India. It discusses the objectives to study the bank's credit rating procedures, risk management activities, and compliance with RBI guidelines. It also covers the methodology, findings and recommendations. Key findings include that SBI sanctions less credit to agriculture compared to competitors, has effective credit risk management processes, and could improve by reducing interest rates and lending more to indirect agriculture sectors.
This document appears to be a report submitted by a student on their summer internship project studying mutual fund schemes at The Devikulam Taluk Vyapari Vyavasai Service Co-operative Society Ltd. The report includes an executive summary, introduction, objectives, literature review, company profile, research methodology, data analysis and findings/conclusions. It analyzes the various mutual fund schemes offered by the cooperative society, including 90 mutual fund schemes with a total value of 1.1 crore rupees. The cooperative society has a strong financial position with total deposits of over 16.3 crore rupees and loans outstanding of over 19.3 crore rupees.
Mutual funds pool money from investors and invest in stocks, bonds, or other assets. This document analyzes specific mutual funds like HDFC Equity Fund and Franklin Templeton Short Term Income Fund. It discusses the advantages of mutual funds like diversification and professional management. The HDFC fund invests in sectors like banks, oil and gas, software, and pharmaceuticals. Performance data shows the HDFC funds providing returns above 24% annually since 2006.
The document discusses a summer training project analyzing various schemes of HDFC Mutual Fund using Sharpe Ratios and Treynor Index. It provides background on mutual funds and HDFC Mutual Fund. The objectives are to study the significance of indices like Sharpe Ratio and Treynor Index for different scheme types and the effect of time on quantitative analysis using these indices. Thirteen growth funds are analyzed to compare their risk-adjusted performance and excess returns using Sharpe Ratios and Treynor Index over different periods. The findings show equity funds have higher volatility and returns than debt or hybrid funds. Returns increase with fund risk and time period.
The document discusses research methodology for analyzing the past performance of various mutual fund schemes in India. The objectives are to understand fund performance in terms of risk and return through statistical tools. A sample of 5 schemes from 5 fund types - diversified, large cap, mid cap, small cap and sector funds - will be analyzed over the last 5 years using Sharpe ratio, beta, standard deviation and annualized return. The analysis will provide insight into the Indian mutual fund industry, fund investment patterns, and scheme performance. Limitations include a small sample size and past performance not guaranteeing future returns.
Comparative study of investment in equity capital Shri Shakti
This document appears to be a thesis submitted by Anand Prakash to Sikkim Manipal University for a Master's degree in Business Administration. It includes declarations, certificates, acknowledgements, and an outline of the thesis which will conduct a comparative study of investment in equity capital and mutual fund schemes. The outline includes proposed chapters on introduction, research design, industry profile, data analysis and interpretation, findings and suggestions, and conclusion.
A comparative study of uli ps with mutual funds at IDBI federal life insuranc...Yashmin Revawala
This document presents a comparative study of unit-linked insurance plans (ULIPs) and mutual funds offered by IDBI Federal Life Insurance Co. Ltd. The study aims to analyze the performance, risk, and return relationship of select ULIP and mutual fund products. It finds that the actual performance of HDFC mutual funds was better than IDBI Federal funds over 2008-2015. However, the equity ULIP product was less risky and more closely tracked the index. The conclusion recommends ULIPs for those seeking life insurance with investment returns, and mutual funds for those able to invest regularly after market research. It suggests insurers increase awareness of ULIPs especially among middle-income customers.
This document provides information on various HDFC mutual funds. It begins with explaining what a mutual fund is and providing an overview of HDFC, India's largest mutual fund house. It then summarizes 5 popular HDFC funds - HDFC Top 200, HDFC Short Term Opportunities, HDFC Monthly Income Plan-Long Term, HDFC Long Term Advantage Fund, and HDFC Mid Cap Opportunities Fund. For each fund, it provides details on investment objective, portfolio allocation, performance metrics, and current NAV. In conclusion, it recommends purchasing the HDFC Mid Cap Opportunities Fund since it has the lowest current NAV, allowing for more units to be purchased.
This document contains a list of 159 projects and working papers completed at IIF (Institute of International Finance). The projects cover a wide range of topics related to finance, accounting, analysis of companies and industries, and financial services. Some of the major topics included are financial management, ratio analysis, mutual funds, banking, insurance, working capital management, and derivatives.
This document provides an overview of a summer training project comparing HDFC Life insurance products to other insurance companies. It outlines HDFC Life's history and products offerings, including protection plans, retirement plans, health plans, and savings/investment plans. The objectives of the study are listed as analyzing product details, finding points of parity and difference, and determining factors that influence customer purchases. Suggestions are provided for HDFC Life to improve marketing and attract more customers.
The document discusses risk assessment and management. It proposes assessing risk using a equation that considers the likelihood and impact of threats. It recommends establishing security policies, implementing countermeasures through a defense in depth strategy, and maintaining vigilance. Key terms like vulnerabilities, exploits and adversaries are also defined to understand risks.
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.
study of consumer buying behviour towords various schemes of HDFC mutual fundkhushbu chauhan
This document is a project report submitted to BRCM College of Business Administration for a BBA program. It examines the buying behavior of investors towards various schemes of HDFC Mutual Fund. The report includes an introduction to mutual funds, HDFC Mutual Fund's company profile, the research methodology used in the study, data analysis, and a conclusion. The introduction provides an overview of mutual funds including their concept, benefits, risks, history, types, and SEBI regulations. The company profile section gives background on HDFC Mutual Fund, its vision, and product offerings. The research methodology outlines the study's objectives, design, population, sampling, data collection tools, and limitations.
A market research project on comparative study of savings ac of axis bank, ic...Projects Kart
This document appears to be a market research project report on comparing savings accounts between Axis Bank, ICICI Bank, and HDFC Bank in India. It includes an acknowledgements section, declaration, table of contents, and initial sections on the introduction, objectives of the study, and background information on banking and the organization of Axis Bank. The report aims to compare the savings account products and services offered by these competitor banks in India.
This document discusses operational risk management (ORM) for flight safety courses. It provides an overview of ORM, defines key ORM concepts like risk and hazard, and outlines the six-step ORM process of identifying hazards, assessing risks, analyzing risk control measures, making control decisions, implementing controls, and supervising and reviewing the process. The goal of ORM is to protect personnel and resources while maximizing capabilities and mission effectiveness.
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.
Summerinternshipprojectsept 2012-121220103231-phpapp01Arvind John
This document provides a history of mutual funds in India from their inception in 1963 to the present day. It outlines 4 distinct phases:
1) 1964-1987: Establishment of Unit Trust of India (UTI) as the sole provider of mutual funds.
2) 1987-1993: Entry of public sector banks establishing their own mutual funds after UTI.
3) 1993-2003: Private sector mutual funds enter the industry for the first time, increasing competition. Regulations are established.
4) Present: A mature and growing industry with many players and over Rs. 1 lakh crores in assets under management.
This document appears to be a project report for a study on comparative balanced mutual funds offered in the Indian market. It includes sections on the title page, college certificate, declaration, acknowledgements, preface, executive summary, introduction, industry analysis, company profiles, research methodology, data analysis and interpretation, findings, conclusion, suggestions, and limitations. The executive summary provides an overview of the project including analyzing factors affecting balanced mutual funds and measuring mutual fund performance. It finds that overall balanced fund performance has been good on a risk-adjusted return basis.
This document is a summer internship project report submitted by Vaibhav Kumar Jhanwar to Advent Institute of Management Studies. The report analyzes the performance and investors' perceptions of mutual funds in Udaipur, Rajasthan, India. It was conducted under the guidance of Amit Soni at NJ India Invest in Udaipur. The report includes sections on the history of mutual funds in India, types of mutual funds, performance measures, prominent mutual fund companies, and insights from a survey of investors. It aims to understand the market potential and awareness of mutual funds while comparing the performance of different funds.
This document discusses a research project investigating investor perception of mutual funds and their behavior using time series models. It provides background on the project, which analyzed daily net asset values for 30 mutual fund schemes from equity, debt and balanced categories over one year. The objectives were to study how personal and risk factors affect fund benefits and performance, and determine the causal relationship between benchmark indices and different fund schemes. The methodology section describes collecting primary data through a survey and secondary data from sources like AMFI. Variables for analysis included performance rating based on past performance, current NAV, and agency ratings. The analysis would use factor analysis, regression, and time series models.
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
The document provides an overview of a summer internship project conducted by Dhaval Manvar on the topic of "Investor's Attitude towards Mutual Fund - With Special Reference to Reliance Capital Assets Management Co. Ltd.". It includes a declaration, preface, acknowledgements, index, and sections on the industry overview, company overview, introduction to the study, research methodology, analysis and interpretation of data, results and findings, suggestions, and conclusion. The document was submitted in partial fulfillment of an MBA degree from Marwadi Education Foundation's Group of Institutions under the guidance of faculty and company guides.
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.
mutual funds is the better investment plannitesh tandon
This document is a project report on mutual funds as better investment plans submitted for an MBA program. It includes an acknowledgments section thanking those who provided help and guidance. It also includes a certificate and declaration section. The executive summary provides an overview of the growth of mutual funds in India and how the report analyzes investors' preferences regarding asset management companies, product types, investment options and strategies based on a survey of 200 people. The report is divided into chapters covering an introduction to mutual funds, company profile, objectives and methodology, data analysis and findings.
SIP Report - Equity Research (Fundamental and Technical Analysis).docxHrishikeshHimesh
This report summarizes an equity research project conducted during a summer internship at HDFC Life. The report analyzes the mining and insurance sectors through fundamental analysis techniques such as ratio analysis and index formulation. Research was conducted on large cap companies within the sectors. Graphs were used to represent the mining and insurance sectors. The analysis and research aims to help investors make informed investment decisions within the sectors.
Analysis of mutual funds help of karvy finance mohit gupta
This document is a summer training project report submitted by Mohit Gupta to analyze mutual funds offered by Karvy. The report includes an introduction to mutual funds in India, objectives of the study, scope, limitations and an executive summary. It also provides details about the history and board of Karvy, its competitors, the research methodology used and findings from data analysis. The report aims to understand customer investment patterns and preferences for mutual funds to help Karvy improve its services and attract more customers.
The document is a report on the Indian mutual fund industry after the recession submitted by Abhishek Saurabh to fulfill requirements of his PGDM program. It discusses the structural framework of the mutual fund industry in India including roles of key players like sponsors, trustees, asset management companies, registrars and transfer agents. It also provides an overview of the evolution and classification of mutual funds in India and analyzes performance of selected funds during and after the recession.
A project report on consumer behaviour at uti mutual fundsProjects Kart
The document provides an overview of UTI Mutual Fund, including its history, subsidiaries, vision, mission, products, and organizational structure. It discusses the growth of the Indian mutual fund industry since 1963 when UTI was established, including key phases marked by the entry of public and private sector funds. It also briefly compares the global and Indian mutual fund industries in terms of size and adoption of online trading.
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 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 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.
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.
The title of the project is “Study on Mutual Fund Penetration levels and future of Mutual Fund
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.
Comprehensive study of muutual fund market in indiaStephen Chettiar
The document is a project report submitted by Stephen Chettiar on "A Comprehensive Study on Mutual Fund Market in India". It includes an acknowledgement section thanking those involved in the project. The objectives of the study are listed as analyzing trends in returns of selected mutual funds, understanding the functions of asset management companies, measuring performance of schemes using various tools, and comparing performance of schemes of different companies. The document also includes sections on the history of mutual funds in India, types of mutual fund schemes, SEBI regulations, and advantages and disadvantages of mutual funds.
(Icici copy)summer internship report icici direct (1)kavita tripathi
This document provides information about a summer training project conducted by Kavita Tripathi for her MBA program. The project was titled "Mutual Fund Simplified" and was conducted under the supervision of industry guide Mr. Ashish Ranjan and faculty guide Ms. Saumya Rastogi. The document includes an acknowledgement, executive summary, and details about ICICI group and its subsidiaries such as ICICI Bank, ICICI Prudential Life Insurance, and ICICI Securities. It also provides information about mutual funds and the objectives and methodology of the summer training project.
The document provides an overview of the mutual fund industry in India. It discusses the history and evolution of mutual funds in India from the establishment of the Unit Trust of India in 1964 to the present day. Key developments include the entry of public sector funds in 1987, private funds in 1993, and increased regulation by SEBI. The document also outlines the structure of mutual funds in India, including the roles of sponsors, trustees, asset management companies, registrars and transfer agents.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
What's a worker’s market? Job quality and labour market tightness
Content page
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3. 1987 marked the entry of non- UTI, public sector mutual funds set up by PSU banks and LIC& GIC. SBI Mutual fund was the first non- UTI Mutual fund established in June 1987 followed by can bank mutual fund (Dec87), Punjab National Bank Fund (Aug 89), Indian Bank (Nov 89), Bank of India (Jun90), Bank of Baroda (Oct 92), LIC established its mutual fund in June 1989 while GIC had established its mutual fund in December 1990.at the end of 1993 the mutual fund industry had assets under management of Rs. 47,004 cores.
5. 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 to be registered in July 1993.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 houses went on increasing, with many foreign mutual funds setting up in India and also the industry had witnessed several mergers and acquisitions.
7. From here onwards mutual fund industry in India saw tighter regulations and higher growth. Competition arises because of deregulation and liberalization of the Indian economy. Measures were taken both by SEBI to protect the investor, and the government to enhance the investors returns through tax benefits.
8. NOTE: In 1996 SEBI introduced comprehensive set of regulation for all mutual fund companies operating in India. During this phase both SEBI and AMFI launched various investor awareness campaigns aimed at educating the investors about the investment through mutual fund.
10. In1999, dividends from mutual funds were tax exempt in the hands of the investors. In Feb 2003, UTI act was repealed. UTI no longer has special legal status as a trust established by an act of parliament. Instead it has to adopt the same structure as any fund in India-a trust and an AMC.
11. NOTE: UTI mutual fund is the present name of the erstwhile Unit Trust of India.
30. Which investment option is most suitable to investors?Research Method<br />A questionnaire is designed in such a way so as to acquire maximum mindset of a person with reference to mutual funds and also what the person thinks about the alternative investment options available in the market. Copies were served to brokers and walk-in customers of HDFC mutual fund and private and public sector banks. In all around 100 was the sample size of the research. The research methodology implemented in this research report primarily consists of personal interviews with those very investors in Indore city who invest in mutual funds as well as other options such as shares, fixed deposits & insurance, etc. Interview was conducted in depth to know about their investments why they prefer to choose that particular investment type only, and are they satisfied with the returns they receive from their returns.<br />Sampling Procedure<br />In our study we have opted for judgmental sampling as we wanted to get feedback only from those investors who are already investors into mutual funds.<br />Sample size<br />The sample size was kept as 100. This sample size was fair enough to achieve reliable results for our study.<br />Sample unit<br />In this study, the sampling unit included only those people who are already investors in mutual funds to get to get reliable and true results.<br />Data Collection: <br />Primary data <br />Primary data helped in the knowledge gathered from our sources. Primary data was collected by means of:<br />Questionnaire<br />Personal interviews<br />Telephonic interviews<br />Data provided by HDFC AMC<br />Primary data helped a lot in order to analyze the whole scenario and to take out the relevant data from the data provided to us.<br />Secondary data <br />Secondary data provided the knowledge about the other investment options other than HDFC in terms of facts and figures. It is a data, which are arrived from the primary data and collected from the other various sources also as follows-Internet sites and newspapers.<br />Tools used in data analysis:<br />Correlation <br />Regression<br />ANOVA test<br />Trey nor ratio<br />Sharpe ratio<br />CONSUMERS PERCEPTION TOWARDS MUTUAL FUNDS IN CURRENT MARKET SCENARIO<br />RELATIONSHIP BETWEEN AGE OF AN INDIVIDUAL AND FACTORS CONSIDERED WHILE INVESTING IN A MUTUAL FUND BY MEANS OF CROSSTAB.<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentage * factors200100.0%0.0%200100.0%<br />age * factors Cross tabulationCountFactorsTotalriskreturn on investmenttime periodtax benefitsDiversificationage<18 years02001320-35 years1560109910335-50 years113831066850-60 years21214019>60 years060107Total28118142416200<br />The above case-processing summary shows that we have a sample size of 200 and we had valid feedback of all the 200 samples. The age factors cross tabulation matrix shows the relationship between the age of the individual and the factors that he considers while investing in a mutual fund. <br />The above table shows that for in the age group for below 18 years there is no person who considers risk before investing while 15 people look in for risk in the age group 20-35 years, 11 people take risk as a factor in 35-50 years group. Only 2 people consider risk in the 50-60 years and no one in >60 years age group. <br />As far as return on investment is considered 2 people are in the <18 years and the maximum number in the age group 20-35 years for this factor. There are 38 people in the 35-50 age group, 12 in 50-60 age group and 6 in >60 years age group.<br />CROSSTABS RELATIONSHIP BETWEEN AGE AND TIME PERIOD<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentage * time period200100.0%0.0%200100.0%<br />age * time period Cross tabulationCountTime periodTotal<6 months6months-1 year1-3 years3-5 years>5 yearsAge<18 years10110320-35 years3182354510335-50 years07154246850-60 years01612019>60 years011507Total427461149200<br />The third factor considered is time period. For less than 18 years, there is no person who looks in for it. <br />There are 10 people in the age group 20-35 years who look in for time period as a factor.<br /> Only three people correspond in the age 35-50 year and one in 50-60 years but no one in greater than 60-year group. Nobody looks in for tax benefit in less than 18 years age group.<br /> There are 9 people in the age group of 20-35 years, 10 in 35-50 years. 4 people consider tax benefit as an important factor in 50-60 year group and only one in greater than 60-year age group. <br />Now considering the relationship between age & time period a person looks in for before investing in a MF scheme. There is only one person who would like to invest for less than 6 months and three people in the age group 20-35 years. Whereas there is no case in 35-50, 50-60 and >60 years respectively. Considering this the maximum number is seen in age group 20-30 years with a time period of 3-5 years.<br />CROSSTABS RELATIONSHIP BETWEEN AGE AND INVESTMENT MODE<br />age * investment mode Cross tabulationCountInvestment modeTotalequity marketfixed depositssavings accountinsurancemutual fundsAge<18 years00102320-35 years241422103310335-50 years25847246850-60 years4323719>60 years103037Total54322069200<br />From the above table we can analyze that investors lying in the age group of 20-35 years prefer ‘mutual funds’ as their major mode of investment. <br />CROSSTABS RELATIONSHIP BETWEEN AGE AND PERCEPTION THEORY.<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentage * perception200100.0%0.0%200100.0%<br />age * perception Cross tabulationCountPerceptionTotalvehicle to pool money from investors in a basket of securities by a professional managerinvest money by a mutually cooperative grouphigh returns with moderate risksafe vehicle for investment purposesAge<18 years1110320-35 years5018181710335-50 years37101836850-60 years937019>60 years52007Total102344420200<br />From the above table we can analyze those investors lying in the age group of 20-35 regard mutual funds as a ‘vehicle to pool money from investors in a basket of securities by a professional manager.<br />CROSSTABS RELATIONSHIP BETWEEN AGE AND FACTORS<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentage * factors200100.0%0.0%200100.0%<br />age * factors Cross tabulationCountFactorsTotalRiskreturn on investmenttime periodtax benefitsdiversificationAge<18 years02001320-35 years1560109910335-50 years113831066850-60 years21214019>60 years060107Total28118142416200<br />From the above table we can analyze that investors lying in the age group of 20-35 years regard ‘return on investment’ as the major factor for investing in mutual funds. <br />CROSSTABS RELATIONSHIP BETWEEN AGE AND SCHEME OPTION<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentage * schemes200100.0%0.0%200100.0%<br />age * schemes Cross tabulationCountSchemesTotalopen ended schemeclose ended schemebothage<18 years003320-35 years5534510335-50 years284366850-60 years331319>60 years4037Total9010100200<br />From the above table we can analyze that investors lying in the age group of 20-35 years consider open ended scheme as the better option for investment.<br />CROSSTABS ANNUAL INCOME AND FACTORS<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentannual income * factors200100.0%0.0%200100.0%<br />annual income * factors Cross tabulationCountfactorsTotalRiskreturn on investmenttime periodtax benefitsdiversificationannual incomeupto1 lakh312211191-2 lakh014131192-3 lakh715265353-4 lakh144668680>4 lakh43136347Total28118142416200<br />From the above table we can analyze that all the investors falling in the income bracket from below 1 lakh-above 4 lakh consider ‘return on investment’ as a better factor while investing in a mutual fund.<br />ANNUAL INCOME AND SCHEME OPTION <br />Crosstabs<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentannual income * scheme option200100.0%0.0%200100.0%<br />annual income * scheme option Cross tabulationCountScheme optionTotalGrowthdividend-payoutdividend-reinvestmentAnnual incomeupto1 lakh1630191-2 lakh1351192-3 lakh18143353-4 lakh5522380>4 lakh2714647Total1295813200<br />In the above table we can analyze that all the investors falling in all the income brackets consider growth option as a scheme option to invest in mutual funds.<br />ANNUAL INCOME AND SCHEME <br />Crosstabs<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentannual income * schemes200100.0%0.0%200100.0%<br /> open ended schemeclose ended schemeBothTotalAnnual incomeupto1 lakh1108191-2 lakh1324192-3 lakh21312353-4 lakh3454180>4 lakh1103547Total9010100 200<br />From the above table we can analyze that customers falling in the 3-4 lakh income bracket prefer <br />Open-ended scheme as well as closed ended schemes to invest in mutual funds.<br />Crosstabs<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentannual income * time period200100.0%0.0%200100.0%<br />annual income * time period Cross tabulationCountTime periodTotal<6 months6months-1 year1-3 years3-5 years>5 yearsAnnual incomeupto1 lakh25750191-2 lakh08362192-3 lakh249200353-4 lakh091851280>4 lakh01932547Total427461149200<br />From the given table we can analyze that major investors prefer 3-5 years time period to invest in mutual funds. Secondly 1-3 years time period for investments. <br />ANNUAL INCOME AND FACTORS<br />Crosstabs<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentannual income * factors200100.0%0.0%200100.0%<br />annual income * factors Cross tabulationCountfactorsTotalRiskreturn on investmenttime periodtax benefitsdiversificationannual incomeupto1 lakh312211191-2 lakh014131192-3 lakh715265353-4 lakh144668680>4 lakh43136347Total28118142416200<br />From the given table we can analyze that investors primarily focus on “return on investment”, secondly “risk”.<br />ANNUAL INCOME AND PERCEPTION<br />Crosstabs<br />Case Processing SummaryCasesValidMissingTotalNPercentNPercentNPercentannual income * perception200100.0%0.0%200100.0%<br />annual income * perception Cross tabulationCountPerceptionTotalvehicle to pool money from investors in a basket of securities by a professional managerinvest money by a mutually cooperative grouphigh returns with moderate risksafe vehicle for investment purposesannual incomeupto1 lakh6652191-2 lakh8452192-3 lakh19565353-4 lakh381419980>4 lakh3159247Total102344420200<br />From the given table, we can analyze that major investors think that a mutual fund is a vehicle to pool money from investors in a basket of securities by a professional manage.<br />CHAPTER – 7<br />COMPARISON OF HDFC EQUITY FUND WITH RELIANCE AND TATA<br />HDFC EQUITY FUND<br />Nature of scheme – Open-ended scheme<br />Investment Objective – To achieve capital appreciation<br />Fund Manager – Mr. Prashant Jain<br />Inception date – January 1, 1995 <br />FundHDFC Equity FundReliance Equity FundTata Equity FundS & P NiftyApril 20080.0200.0040.0082.754May 2008-0.004-0.053-0.0032.616June 2008-0.008-0.0060.054-11.790July 2008-0.037-0.041-0.035-7.752August 2008-0.040-0.046-0.0427.016September 2008-0.049-0.051-0.048-4.699October 2008-0.069-0.063-0.063-26.983November 2008-0.070-0.060-0.060-12.398December 2008-0.046-0.044-0.0442.178January 2009-0.051-0.053-0.053-3.010February 2009-0.053-0.054-0.54-10.580March 2009-0.042-0.044-0.044-7.670<br /> <br />THE RELATIONSHIP OF THE NIFTY WITH HDFC, RELIANCE AND TATA EQUITY FUND-GROWTH PLAN WITH NIFTY HYPOTHESIS<br />Ho: There is no significant relationship of the fund with nifty return.<br />Ha: There is a significant relationship of the selected fund with nifty return<br />CorrelationsHdfc equity fundniftyHdfc equity fundPearson Correlation1.516Sig. (2-tailed).086N1212NiftyPearson Correlation.5161Sig. (2-tailed).086N1212<br />For HDFC Equity Fund the correlation comes to 51.6% when compared with nifty and the significance comes to .086. So in my study i accept null hypothesis because there is correlation OF HDFC equity fund with its benchmark that is nifty.<br /> Correlationsreliance equity fundniftyreliance equity fundPearson Correlation1.267Sig. (2-tailed).401N1212Pearson Correlation.2671Sig. (2-tailed).401N1212<br />For Reliance equity fund the correlation comes to 26.7% which is quite less and the significance is very high that is 0.401. But we accept the null hypothesis as there is correlation of reliance equity fund with its benchmark that is nifty.<br />CorrelationsTata equity fundNiftyTata equity fundPearson Correlation1.214Sig. (2-tailed).505N1212NiftyPearson Correlation.2141Sig. (2-tailed).505N1212<br />For Tata equity fund the correlation comes to very low that is 21.4% and the significance figure is also too less that is 0.505. We accept the null hypothesis as there is correlation of Tata equity fund with its benchmark that is nifty<br />TATA GROWTH FUND<br />Months HDFC Growth FundReliance Growth FundTata Growth FundSensexApril 2008-0.0460.004.0069.986May 2008-0.056-0.004-0.004-5.174June 2008-0.053-0.009-0.008-19.839July 2008-0.039-0.003-0.0056.431August 2008-0.046-0.001-0.0011.444September 2008-0.049-0.007-0.005-12.443October 2008-0.060-0.013-0.010-27.299November 2008-0.083-0.008-0.007-7.369December 2008-0.025-0.0060.0055.921January 20094.219-0.006-0.005-3.480February 2009-0.050-0.002-0.002-8.780March 2009-0.047-0.042-0.043-6.340<br />Nature of scheme – Open-ended growth scheme<br />Investment Objective – Aims to provide a vehicle to investors for generation of long term capital appreciation<br />Fund Manager – Mr. Mahendra Jajoo<br />Inception date – July 1, 1994<br />THE RELATIONSHIP OF THE NIFTY WITH HDFC, RELIANCE AND TATA GROWTH FUND-GROWTH PLAN WITH NIFTY<br />HYPOTHESIS<br />Ho: There is no significant relationship of the fund with nifty return.<br />Ha: There is a significant relationship of the selected fund with nifty return.<br />HDFC GROWTH FUND WITH NIFTY.<br />CorrelationsHdfc growth fundsensexHdfc growth fundPearson Correlation1.066Sig. (2-tailed).838N1212SensexPearson Correlation.0661Sig. (2-tailed).838N1212<br />For HDFC Equity Fund the correlation comes to 6.6% when compared with sense which is very less and the significance comes to .838. So in our study we accept null hypothesis because there is correlation OF HDFC growth fund with its benchmark that is sense.<br />RELIANCE GROWTH FUND WITH SENSEX.<br />CorrelationsReliance growth fundsensereliance growth fundPearson Correlation1.313Sig. (2-tailed).321N1212SensexPearson Correlation.3131Sig. (2-tailed).321N1212<br />For Reliance growth fund the correlation comes to 31.3% which is quite less and the significance is very high that is 0.401. But we accept the null hypothesis as there is correlation of reliance equity fund with its benchmark that is nifty.<br />CorrelationsTata growth fundsenseTata growth fundPearson Correlation1.402Sig. (2-tailed).196N1212SensexPearson Correlation.4021Sig. (2-tailed).196N1212<br />For Tata growth fund the correlation comes to very low that is 40.2% and the significance figure is also too less that is 0.196. We accept the null hypothesis as there is correlation of Tata growth fund with its benchmark that is sense<br />ONE WAY ANOVA TABLE<br />ANOVASum of SquaresdoMean SquareFSig.Hdfc growth fundBetween Groups16.710111.519..Within Groups.0000.Total16.71011reliance growth fundBetween Groups.00111.000..Within Groups.0000.Total.00111Tata growth fundBetween Groups.00211.000..Within Groups.0000.Total.00211<br />TAX SAVING FUNDS<br />Tax-saving fund (also referred to as Equity-Linked Savings Scheme) is a diversified equity which offers tax benefits. However unlike typical diversified equity funds, they are subject to a mandatory 3-Yr lock-in period. From the tax-planning stand-point, the biggest advantage offered by tax-saving funds is the opportunity to invest in sync with one's risk appetite. Investments for the purpose of tax-saving are no different from conventional investments and the principle of investing in tune with the risk appetite is equally applicable. <br />Tax-saving funds are similar to diversified equity funds in terms of risk profile i.e. they are high risk - high return investments. Investors with a flair for instruments of the aforesaid variety would approve of tax-saving funds. <br />Investing in equities should always be conducted with a long-term horizon; it is over this time frame that equities have the potential to truly unlock their value and outperform other comparable assets. Tax-saving funds (courtesy the mandatory lock-in period) propagate this cause. The fund manager is not bothered by factors like the fund's performance over shorter time frames or redemption pressures (which the fund manager of a conventional diversified equity fund is subject to) and can go about doing his job with a long-term perspective. From the investors' perspective, tax-saving funds instill a degree of discipline in the investment activity<br />COMPARISON OF HDFC TAX SAVER FUND WITH RELIANCE AND TATA<br />HDFC TAX SAVER FUND<br />Nature of scheme – Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years.<br />Investment objective – To achieve long term growth of capital.<br />Fund Manager – Mr. Vinay Kulkarni<br />Inception date – March 31, 1996<br />RELIANCE TAX SAVER FUND<br />Nature of scheme – Open-ended Equity Linked Saving Scheme<br />Investment objective – To generate long-term capital appreciation.<br />Fund Manager – Ashwani Kumar<br />Inception date – Sep 22, 2005<br />TATA TAX SAVER FUND<br />Nature of scheme – Open-ended Equity Linked Saving Scheme<br />Investment objective – To generate long-term capital appreciation.<br />Fund Manager – Mr. Mahendra Jajoo<br />Inception date – March 31, 1996<br />MonthsHDFC Tax Saver FundReliance Tax Saver FundTata Tax Saver FundS & P NiftyApril 2008-0.0460.004-0.0442.753May 2008-0.0560.002-0.0512.615June 2008-0.0520.009-0.049-11.799July 2008-0.0390.003-0.039-7.752August 2008-0.0460.007-0.0467.015September 2008-0.0480.003-0.050-4.698October 2008-0.0140.010-0.063-26.983November 2008-0.0440.002-0.055-12.397December 2008-0.0410.003-0.0392.177January 2009-0.0560.002-0.048-3.010February 2009-0.0540.002-0.050-10.580March 2009-0.0430.004-0.044-7.670<br />THE RELATIONSHIP OF THE NIFTY WITH HDFC, RELIANCE AND TATA TAX SAVER FUND-GROWTH PLAN WITH NIFTY<br />HYPOTHESIS<br />Ho: There is no significant relationship of the fund with nifty return.<br />Ha: There is a significant relationship of the selected fund with nifty return.<br />HDFC Tax saver fund with nifty.<br />CorrelationsHdfc TaxSaver fundNiftyHdfc tax saver fundPearson Correlation1-.602*Sig. (2-tailed).038N1212NiftyPearson Correlation-.602*1Sig. (2-tailed).038N1212*. Correlation is significant at the 0.05 level (2-tailed).<br />For HDFC tax saver fund the correlation comes to 60.2% when compared with nifty and the significance comes to .038. So in our study we accept null hypothesis because there is correlation OF HDFC tax saver fund with its benchmark that is nifty.<br />Reliance tax saver fund with nifty<br />Correlationsreliance tax saver fundNiftyreliance tax saver fundPearson Correlation1.768**Sig. (2-tailed).004N1212NiftyPearson Correlation.768**1Sig. (2-tailed).004N1212**. Correlation is significant at the 0.01 level (2-tailed).<br />For Reliance tax saver fund the correlation comes to 76.8% and the significance is very high that is 0.004. But we accept the null hypothesis as there is correlation of reliance tax saver fund with its benchmark that is nifty.<br />Tata tax saver fund with nifty<br />CorrelationsTata TaxSaver fundNiftyTata tax saver fundPearson Correlation1.681*Sig. (2-tailed).015N1212NiftyPearson Correlation.681*1Sig. (2-tailed).015N1212*. Correlation is significant at the 0.05 level (2-tailed).<br />For Tata tax saver fund the correlation comes to that is 68.1% and the significance figure is 0.015. We accept the null hypothesis as there is correlation of Tata tax saver fund with its benchmark that is nifty.<br />PERFORMANCE ANALYSIS BASED ON TREYNOR RATIO <br /> <br />TREYNOR RATIO <br />A ratio developed by Jack Treynor that measures the returns earned in excess of that which could have been earned on a riskless investment per each unit of market risk.<br />In other words, the Treynor ratio is a risk-adjusted measure of return based on a systematic risk. It is similar to the Sharpe ratio with the difference being that the Treynor ratio uses beta as the measurement of volatility. The Treynor ratio is a method often used by mutual fund to evaluate the performance of their funds and compare it to the market performance, the underlying philosophy being that the fund shall be classified as an out performer if it’s Treynor ratio comes to be greater than that of the market and vice versa.<br />The ratio signifies the return per unit of risk, thus the ratio is of the following form:<br />(R – R f) /<br />R = returns<br />R f = the risk free rate of return (prevailing rate on 90 day T- bill)<br />Beta = the measure of risk<br />Thus for the purpose of comparing the performance of our portfolio with the market, BSE200 was taken as the market benchmark. The comparison was done again for the period between 1st April, 2008 to 31st March; 2009.The Treynor ratio of S&P Nifty, for the aforementioned period was calculated as follows<br />(Rm – r f) /beta<br />HDFC Tax saver fundReliance Tax saver fundTata Tax saver fundS & P NiftyTreynor Ratio-0.59-0.75-0.95-0.015<br />FUNDHDFC Equity FundReliance Equity FundTata Equity FundS & P NiftyTREYNOR RATIO-0.51-0.69-0.82-0.015<br />FUNDHDFC Growth FundReliance Growth FundTata Growth FundTREYNOR RATIO-0.71-0.87-1.27<br />PERFORMANCE ANALYSIS ON THE BASIS OF SHARPE’S RATIO<br />The Sharpe’s Ratio<br />The Sharpe ratio is a single number which represents both the risk, and return inherent in the fund. As is widely accepted, high returns are generally associated with a high degree of volatility. The Sharpe ratio represents the tradeoff between risk and returns. At the same time, it also factors in the desire to generate returns, which are higher than risk-free returns.<br />Mathematically, the Sharpe ratio is the returns generated over the risk free rate, per unit of risk. Risk in this case is taken to be the fund’s standard deviation. A higher Sharpe ratio is therefore better as it represents a higher return generated per unit of risk. <br />The definition of the Sharpe ratio is:<br />S(x) = (Rx – RF)/ std dev(X)<br />X= investment<br />Rx = average annual rate of return of X <br />RF = best available rate of return of a “risk free “security (i.e. cash)<br />Std dev (X) = standard deviation of Rx<br />The Sharpe Ratio is a direct measure of reward-to-risk. <br />FundHDFC Tax Saver FundReliance Tax Saver FundTata Tax Saver FundSharpe Ratio0.830.720.77<br />FUNDHDFC Equity FundReliance Equity FundTata Equity FundSharpe Ratio -0.08-0.12-0.14<br />FUNDHDFC Growth FundReliance Growth FundTata Growth FundSharpe Ratio-0.12-0.14-0.21<br />ANALYSIS ON THE BASIS OF BETA<br />BETA <br />Beta is a statistical tool, which gives you an idea of how a fund will move in relation to the market. In other words, it is a statistical measure that shows how sensitive a fund is to market moves. If the sense moves by 25%, a fund’s beta number will tell you whether the fund’s returns will be more than this or less.<br />The beta value for an index itself is taken as 1. Beta depends on the index used to calculate it but it bears no correlation with the movements in the funds. The R-Square value shows how reliable the beta number is. It varies between 0 and 1. An R- squared value of one indicates perfect correlation with the index. Thus, an index fund investing in the Sensex should have an R-squared value of one when compared to the sense.<br />FundHDFC Equity FundReliance Equity FundTata Equity FundS & P NiftyBeta0.870.730.671<br />FundHDFC Growth FundReliance Growth FundTata Growth FundSensexBeta0.820.780.821<br /> <br />FundHDFC Tax Saver FundReliance Tax Saver FundTata Tax Saver FundS & P NiftyBeta0.830.720.771<br />CHAPTER - 7<br />PROBLEM FACED BY ME<br />During the two months learning experience, we came across several problems which dealing with prospective investors, as we made efforts to transform their wrong perspective about MF’s which unfortunately were a result of lack of information, & knowledge about this investment avenue.<br />A detailed account of the problem faced by us is mentioned here under: -<br />The misconception that MF’s are all about shares equity marketing-<br />This was probably the most difficult thing to explain to prospective investors that MF’s are not all about equity markets. It was an experience education them about the various avenues MF’s invested in, right from debt market, to call money & sovereign papers.<br />Misconception of all MF scheme being risk oriented<br />Yet another huge misconception that today exists in potential investors is that all scheme offered by MF are high risk oriented, thus it was again quite an experience explaining & informing them about several products available which cater to the risk appetite of investors across the board depending on the investors risk profile.<br />Comparison with governments assured return schemes & other assured return avenues-<br />The sales calls that we made had one thing in common people’s expectation for assured returns & their knacks of comparing MF’s with government offered schemes like PPF, IVP, KVP, etc and since MF’s do not offer assured returns it was tough task convincing investors that in today’s context assured returns are even more risk oriented propositions because of credit risk- and even more risk oriented propositions because of credit risk and further convincing them of the benefits of anytime liquidity offered by MF’s which other investment avenues did not offer.<br />FINDINGS<br />In the first part of our project we have compared the performance of HDFC Mutual fund with other mutual funds. In that we have compared the performance of HDFC Equity fund with equity schemes of other mutual funds. Secondly performance of HDFC Growth Fund with Growth Schemes of other mutual funds. Then HDFC Tax Saver Fund with tax savings schemes of other mutual funds. For the analysis of first part we took Sharpe ratio, Treynor ratio, beta coefficients as our tools to measure volatility of the schemes. Secondly we calculated correlations coefficients between schemes of mutual funds with their benchmark indices to evaluate the performance of schemes using SPSS Software. <br />In the second part of our project we constructed a questionnaire and took a sample of 200 and tried to find out the reasons about their perception towards investing in mutual fund. For the analysis of this part, we took the help of SPSS Software. In that we constructed cross tables to measure consumer perception with different characteristics. <br />Then we used discriminate analysis for categorical study of risk (1) and non-risk (2) with other independent variables to study consumer perception about mutual fund investments.<br />SUGGESTIONS:<br />1. Mutual Funds should maintain its quality of minimum risk for attracting large investment. <br />2. With the booming economy here is a need to provide proper knowledge about mutual funds so that investors invest easily.<br />3. Promotion efforts can increase the selling of mutual fund schemes, therefore these must be done timely & wisely.<br />CONCLUSION<br />Mutual funds have been a growth industry, and more and more investors have become mutual fund owners over the years. This reports all the sides of the issue and compares some of the equity schemes of HDFC Mutual Fund with Reliance and Tata. It focuses on a more objective approach to one of the most important decisions people make is how to invest their money appropriately. On the basis of the study undertaken by us and the data that was collected by us and thus analyzed it was found that people prefer to invest in mutual funds because of liquidity, tax benefits and for less amount of risk as compared to investing in the equity market. Since the concept of mutual fund is not new most of the people have awareness about it. The investors of HDFC mutual fund have great reliability on it because of the company’s good performance and its good brand image. At last it can be concluded that mutual fund is an ideal investment vehicle for today’s complex and modern scenario.<br />BIBLIOGRAPHY<br />www.ho.fund.com<br />www.bse.com<br />www.nseindia.com<br />www.moneycontrol.com<br />Kundkar.nagesh (marketing research)<br />JOURNALS<br />Kothari.s.p, (aug1997) “Evaluating mutual fund Performance” <br />Hubbard.gellen, coates.C.jhon (aug2007) Competition in the mutual fund Industry: Evidence and Implications for Policy<br />Kothari.s.p, warner.B.jerold (aug1997) “Evaluating mutual fund Performance<br />Khorana. jay, servais.henri,(july2004) “Conflicts of Interest and Competition in the mutual fund Industry”<br />APPENDIX<br />QUESTIONNAIRE<br />CONSUMER’S PERCEPTION TOWARDS INVESTING IN MUTUAL FUND IN CURRENT MARKET SCENARIO<br />Sample Characteristics:<br />Name:<br />Gender: Male ( ) Female ( )<br />Occupation:<br />Contact number:<br />What is your age?<br />(a) < 18 years (b) 20-35 years (c) 35-50 years (d) 50-60 years (e) > 60 years<br />What is your annual income?<br />(a) < Rs. 1 lakhs (b) 1-2 lakhs (c) 2-3 lakhs (d) 3-4 lakhs (e) > 4 lakhs<br />Your mode of major investment of savings.<br />(a) Equity market (b) Fixed deposits (c) Saving’s a/c (d) Insurance (e) Mutual Funds<br />What is your perception about Mutual funds?<br />A vehicle to pool money from investors in a basket of securities by a professional manager.<br />Invest the money by a mutually co-operative group.<br />High returns with moderate risk.<br />Safe vehicle for investment purposes.<br />Which factors do you consider while investing in mutual fund?<br />(a) Risk (b) Return on Investment (c) Time period (d) Tax benefits <br />(e) Diversification <br />Time frame you look in while investing in mutual fund.<br />(a) < 6months (b) 6months-1yr (c) 1-3yrs (d) 3-5 yrs (e) > 5 yrs<br />Which type of mutual fund scheme would you like to invest in?<br />(a) Open-ended scheme (b) close-ended scheme (c) both<br />Which type of scheme option would you prefer investing in?<br />(a) Growth (b) Dividend – Payout (c) Dividend – Reinvestment<br />Please rank the following statements on the basis of these graphic indications:<br /> : Strongly agree<br /> : Agree<br /> : Neither agrees nor disagrees<br /> : Disagree<br /> : Strongly disagree<br />Is investing in Mutual fund less risky as compared to other options available in the market.<br /> ( ) ( ) ( ) ( ) ( )<br />are you satisfied with the return on investment from the mutual fund.<br /> ( ) ( ) ( ) ( ) ( )<br />Does brand name of a company affects your investment decision in any mutual fund.<br /> ( ) ( ) ( ) ( ) ( )<br />A tax benefit offered by various schemes of mutual funds affects your investment decision.<br /> ( ) ( ) ( ) ( ) ( )<br />Systematic financial planning helps you in achieving your financial goals.<br /> ( ) ( ) ( ) ( ) ( )<br />Is mutual fund a better medium of investment as compared to other modes?<br /> ( ) ( ) ( ) ( ) ( )<br />We are grateful for your contribution for filling up this Questionnaire.<br />Date: ________________<br />