Professional Documents
Culture Documents
DECLARATION.............................................................................................................................. 3
CERTIFICATE ................................................................................................................................ 4
ACKNOWLEDGEMENTS .............................................................................................................. 5
ABSTRACT..................................................................................................................................... 9
NTRODUCTION...........................................................................................................................10
WHAT IS THE PROCEDURE FOR REGISTERING A MUTUAL FUND WITH SEBI? .............42
Page | 6
Reliance growth fund ...................................................................................................................................................................53
Beta: .................................................................................................................................................................................................56
Alpha: ...............................................................................................................................................................................................57
R-Squared: ......................................................................................................................................................................................58
Mahindra group.............................................................................................................................................................................85
Management ..................................................................................................................................................................................87
CONCLUSION...............................................................................................................................90
ANNEXURE -I ..............................................................................................................................91
Page | 7
ANNEXURE – II (NAVS OF TATA MUTUAL FUND) ................................................................93
Page | 8
ABSTRACT
The Final Report includes, the analysis of the whole data (primary and
Secondary) by putting in Graphical Mode. This analysis might be a Value
Addition to Mahindra finance to make a strategy for particular Area
(MANGALORE).
Page | 9
NTRODUCTION
Invests in variety of
Mutual fund schem es
Profit/loss from
Profit /loss from port individual
folio of investment Page | 10
Page | 11
Advantages and Disadvantages of Mutual funds
(think about Enron). Large Mutual funds typically own hundreds of different
stocks in many different industries. It wouldn't be possible for an investor to
build this kind of a portfolio with a small amount of money.
Page | 12
• Economies of Scale - Because a Mutual fund buys and sells large amounts
of securities at a time, its transaction costs are lower than you as an
individual would pay.
• Liquidity - Just like an individual stock, a Mutual fund allows you to request
that your shares be converted into cash at any time.
• Simplicity - Buying a Mutual fund is easy! Pretty well any bank has its own
line of Mutual funds, and the minimum investment is small. Most companies
also have automatic purchase plans whereby as little as $100 can be
invested on a monthly basis.
• Costs - Mutual funds don't exist solely to make your life easier--all funds
are in it for a profit. The Mutual fund industry is masterful at burying costs
under layers of jargon. These costs are so complicated that in this tutorial
we have devoted an entire section to the subject.
Page | 13
holdings in so many different companies, high returns from a few
investments often don't make much difference on the overall return. Dilution
is also the result of a successful fund getting too big. When money pours
into funds that have had strong success, the manager often has trouble
finding a good investment for all the new money.
• Taxes - When making decisions about your money, fund managers don't
consider your personal tax situation. For example, when a fund manager
sells a security, a capital-gain tax is triggered, which affects how profitable
the individual is from the sale. It might have been more advantageous for
Equity funds, if selected in the right manner and in the right proportion,
have the ability to play an important role in achieving most long-term
objectives of investors in different segments. While the selection process
becomes much easier if you get advice from professionals, it is equally
important to know certain aspects of equity investing yourself to do justice
to your hard earned money.
Knowing them and by using them in the selection process can make a
big difference to the end result. Here are some important investment
guidelines:
Page | 14
SEBI
TRUSTEE SPONSER
OPERATIONS AMC
FUND
MUTUAL
DISRTIBUTOR
SCHEMES
INVESTOR
Page | 15
Types of Mutual funds
Open-ended Fund
Close-ended Fund
Page | 16
Fund according to Investment Objective:
Page | 17
Balanced Fund
The aim of balanced funds is to provide both growth and regular income
as such schemes invest both in equities and fixed income securities in the
proportion indicated in their offer documents. These are appropriate for
investors looking for moderate growth. They generally invest 40-60% in
equity and debt instruments. These funds are also affected because of
fluctuations in share prices in the stock markets. However, NAV’s of such
These funds are also income funds and their aim is to provide easy
liquidity, preservation of capital and moderate income. These schemes invest
exclusively in safer short-term instruments such as treasury bills, certificates
of deposit, commercial paper and inter-bank call money, government
securities, etc. Returns on these schemes fluctuate much less compared to
other funds. These funds are appropriate for corporate and individual
investors as a means to park their surplus funds for short periods.
Gilt Fund
Index Funds
Index Funds replicate the portfolio of a particular index such as the BSE
Sensitive index, S&P NSE 50 index (Nifty), etc these schemes invest in the
Page | 18
securities in the same weight age comprising of an index. Nav’s of such
schemes would rise or fall in accordance with the rise or fall in the index,
though not exactly by the same percentage due to some factors known as
"tracking error" in technical terms. Necessary disclosures in this regard are
made in the offer document of the Mutual fund scheme. There are also
exchange traded index funds launched by the Mutual funds which are traded
on the stock exchanges.
Page | 19
OBJECTIVE OF THE PRO JECT:
Page | 20
BASIC QUERIES OF MUTUAL FUNDS AND TER MINOLOGY
These are the funds/schemes which invest in the securities of only those
sectors or industries as specified in the offer documents. E.g.
Pharmaceuticals, Software, Fast Moving Consumer Goods (FMCG), Petroleum
stocks, etc. The returns in these funds are dependent on the performance of
the respective sectors/industries. While these funds may give higher returns,
they are more risky compared to diversified funds. Investors need to keep a
watch on the performance of those sectors/industries and must exit at an
appropriate time. They may also seek advice of an expert.
Page | 21
balance sheet. The fund’s Net Assets are therefore defined as the assets
minus the liabilities. As there are many investors in a fund, it is common
practice for mutual funds to compute the share of each investor on the basis
of the value of Net Assets per Share/Unit, commonly known as the Net Asset
Value (NAV).
For the purpose of the NAV calculation, the day on which NAV is
calculated by a fund is known as the valuation date.
Page | 22
What is a Fund of Funds (fof) scheme ?
A Load Fund is one that charges a percentage of NAV for entry or exit.
That is, each time one buys or sells units in the fund, a charge will be
payable. This charge is used by the Mutual fund for marketing and
distribution expenses. Suppose the NAV per unit is Rs.10. If the entry as
well as exit load charged is 1%, then the investors who buy would be
required to pay Rs.10.10 and those who offer their units for repurchase to
the Mutual fund will get only Rs.9.90 per unit. The investors should take the
loads into consideration while making investment as these affect their
yields/returns. However, the investors should also consider the performance
track record and service standards of the Mutual fund which are more
important. Efficient funds may give higher returns in spite of loads.
A no-load fund is one that does not charge for entry or exit. It means
the investors can enter the fund/scheme at NAV and no additional charges
are payable on purchase or sale of units.
Can a Mutual fund impose fresh load or increase the load beyond the
level mentioned in the offer documents?
Mutual funds cannot increase the load beyond the level mentioned in
the offer document. Any change in the load will be applicable only to
prospective investments and not to the original investments. In case of
imposition of fresh loads or increase in existing loads, the Mutual funds are
Page | 23
required to amend their offer documents so that the new investors are
aware of loads at the time of investments.
Assured return schemes are those schemes that assure a specific return
to the unit holders irrespective of performance of the scheme.
assured for the entire period of the scheme or only for a certain period.
Some schemes assure returns one year at a time and they review and
change it at the beginning of the next year.
Can a Mutual fund change the asset allocation while deploying funds
of investors?
Considering the market trends, any prudent fund managers can change
the asset allocation i.e. He can invest higher or lower percentage of the fund
in equity or debt instruments compared to what is disclosed in the offer
document. It can be done on a short term basis on defensive considerations
Page | 24
i.e. To protect the NAV. Hence the fund managers are allowed certain
flexibility in altering the asset allocation considering the interest of the
investors. In case the Mutual fund wants to change the asset allocation on a
permanent basis, they are required to inform the unit holders and giving
them option to exit the scheme at prevailing NAV without any load.
publishing the date of launch of the new schemes. Investors can also contact
the agents and distributors of Mutual funds who are spread all over the
country for necessary information and application forms. Forms can be
deposited with Mutual funds through the agents and distributors who provide
such services. Now days, the post offices and banks also distribute the units
of Mutual funds. However, the investors may please note that the Mutual
funds schemes being marketed by banks and post offices should not be
taken as their own schemes and no assurance of returns is given by them.
The only role of banks and post offices is to help in distribution of Mutual
they must consider the track record of the Mutual fund and should take
objective decisions.
details in this respect are given in the offer documents of the schemes.
Page | 25
How much should one invest in debt or equity oriented schemes?
An investor should take into account his risk taking capacity, age factor,
financial position, etc. As already mentioned, the schemes invest in different
type of securities as disclosed in the offer documents and offer different
returns and risks. Investors may also consult financial experts before taking
decisions. Agents and distributors may also help in this regard.
applied for and such other information as required in the application form.
He must give his bank account number so as to avoid any fraudulent
encashment of any cheque/draft issued by the Mutual fund at a later date
for the purpose of dividend or repurchase. Any changes in the address, bank
account number, etc at a later date should be informed to the Mutual fund
immediately.
Page | 26
When will the investor get certificate or statement of account after
investing in a Mutual fund?
How long will it take for transfer of units after purchase from stock
markets in case of close-ended schemes?
Page | 27
Can a Mutual fund change the nature of the scheme from the one
specified in the offer document?
How will an investor come to know about the changes, if any, which
may occur in the Mutual fund?
There may be changes from time to time in a Mutual fund. The Mutual
funds are required to inform any material changes to their unit holders.
Apart from it, many Mutual funds send quarterly newsletters to their
investors.
least once in two years. In the meantime, new investors are informed about
the material changes by way of addendum to the offer document till the time
offer document is revised and reprinted.
Page | 28
required to be published in newspapers. The NAV’s are also available on the
web sites of Mutual funds. All Mutual funds are also required to put their
NAV’s on the web site of Association of Mutual funds in India (AMFI)
www.amfiindia.com and thus the investors can access NAV’s of all Mutual
funds at one place
The Mutual funds are also required to publish their performance in the
form of half-yearly results which also include their returns/yields over a
period of time i.e. Last six months, 1 year, 3 years, 5 years and since
inception of schemes. Investors can also look into other details like
percentage of expenses of total assets as these have an effect on the yield
The Mutual funds are also required to send annual report or abridged
annual report to the unit holders at the end of the year.
Page | 29
How to know where the Mutual fund scheme has invested money
mobilized from the investors?
The Mutual funds are required to disclose full portfolios of all of their
schemes on half-yearly basis which are published in the newspapers. Some
Mutual funds send the portfolios to their unit holders.
Some of the Mutual funds send newsletters to the unit hol ders on
quarterly basis which also contain portfolios of the schemes.
Page | 30
whereas the existing schemes in the same category are available at much
higher NAV’s . Investors may please note that in case of Mutual funds
schemes, lower or higher NAV’s of similar type schemes of different Mutual
funds have no relevance. On the other hand, investors should choose a
scheme based on its merit considering performance track record of the
Mutual fund, service standards, professional management, etc. This is
explained in an example given below.
has put Rs. 9,000 in each of the two schemes. He would get 600 units
(9000/15) in scheme A and 100 units (9000/90) in scheme B. Assuming that
the markets go up by 10 per cent and both the schemes perform equally
well and it is reflected in their NAV’s . NAV of scheme A would go up to Rs.
16.50 and that of scheme B to Rs. 99. Thus, the market value of
investments would be Rs. 9,900 (600* 16.50) in scheme A and it would be
the same amount of Rs. 9900 in scheme B (100*99). The investor would get
the same return of 10% on his investment in each of the schemes. Thus,
lower or higher NAV of the schemes and allotment of higher or lower number
of units within the amount an investor is willing to invest, should not be the
factors for making investment decision. Likewise, if a new equity oriented
scheme is being offered at Rs.10 and an existing scheme is available for Rs.
90, should not be a factor for decision making by the investor. Similar is the
case with income or debt-oriented schemes.
On the other hand, it is likely that the better managed scheme with
Page | 31
investor should give more weight age to the professional management of a
scheme instead of lower NAV of any scheme. He may get much higher
number of units at lower NAV, but the scheme may not give higher returns if
it is not managed efficiently.
the Mutual fund scheme very carefully. They may also look into the past
Are the companies having names like mutual benefit the same as
Mutual funds schemes?
Investors should not assume some companies having the name "mutual
benefit" as Mutual funds. These companies do not come under the purview
of SEBI. On the other hand, Mutual funds can mobilize funds from the
investors by launching schemes only after getting registered with SEBI as
Mutual funds.
Page | 32
Is the higher net worth of the sponsor a guarantee for better
returns?
Almost all the Mutual funds have their own web sites. Investors can also
access the NAV’s, half-yearly results and portfolios of all Mutual funds at the
web site of Association of Mutual funds in India (AMFI) www.amfiindia.com.
AMFI has also published useful literature for the investors.
There are a number of other web sites which give a lot of information of
various schemes of Mutual funds including yields over a peri od of time. Many
newspapers also publish useful information on Mutual funds on daily and
weekly basis. Investors may approach their agents and distributors to guide
them in this regard.
Page | 33
Can an investor appoint a nominee for his investment in units of a
Mutual fund?
Investors would find the name of contact person in the offer document
of the Mutual fund scheme that they may approach in case of any query,
Page | 34
INVESTOR'S FINANCIAL PLANNING AND ITS RES ULTS.
It is a proven fact that the real power of compounding comes wit h time.
Albert Einstein called compounding "the eighth wonder of the world" because
of its amazing abilities. Essentially, compounding is the idea that one can
make money on the money one has already earned. That's why, the earlier
one starts saving, the more time money gets to grow.
Page | 35
Regardless of the level of risk tolerance, one should adhere to the
principles of effective diversification i.e. The allocation of investment assets
among different fund categories to achieve a variety of distinct risk/reward
objectives and a reduction in overall portfolio risk.
It helps to reassess risk tolerance every year. The risk tolerance may
change due to either major adjustment in return objectives or to a
realization that an existing risk tolerance is inappropriate for one's current
situation.
For example, large companies are usually more stable during the
turbulent periods and the mid cap and small cap companies are more
vulnerable.
Besides, while deciding on the allocation, one has to keep in mind the
fact whether the allocation is being done for an existing investor or for a new
investor. While for an existing investor, the allocation that already exists has
to be considered, for a new investor the right way to begin is by considering
funds that invest predominantly in large cap stocks. The exposure to mid
and small caps can be enhanced over a period of time.
Page | 36
It is always advisable to take help of professionals to decide the
allocation as well as select the appropriate funds. However, investors
themselves have an important role to play in this process.
Many investors feel that a simple way to invest in Mutual funds is to just
keep investing in award winning funds. First of all, it is important to
understand that more than the awards; it is the methodology to choose
winners that is more relevant.
important measure than total return i.e. Growth in NAV as well as dividend
received.
A fund can have very impressive total returns overtime, but can be very
volatile and tough for a risk adverse investor. Therefore, all the award
winning funds in different categories may not be suitable for everyone.
Typically, when one has to select funds, the first step should be to consider
personal goals and objectives. Investors need to decide which element they
value the most and then prioritize the other criteria.
Page | 37
Once one knows what one is looking for, one should go about selecting
the funds according to the asset allocation. Most investors need just a few
funds, carefully picked, watched and managed over period of time.
Page | 38
EVALUATING PORTFOLIO PERFORMANCE
Page | 39
SEBI REGISTERED MUTUAL FUNDS
Page | 40
27. Kotak Mahindra Mutual fund,
29. LIC Mutual fund
31. Morgan Stanley Mutual fund
32. Mirae Asset Mutual fund
33. Principal Mutual fund
34. Quantum Mutual fund,
35. Reliance Mutual fund
36. Religare AEGON Mutual fund
37. Sahara Mutual fund,
38. SBI Mutual fund
39. Shriram Mutual fund
40. Sundaram BNP Paribas Mutual fund,
41. Taurus Mutual fund
42. Tata Mutual fund,
43. UTI Mutual fund
Page | 41
WHAT IS THE PROCEDUR E FOR REGISTERING A MUTUAL FUND
WITH SEBI?
Page | 42
7 INVESTMENT TIPS TO IMPROVE YOUR RETURNS
Though identifying the desire for risk is a tough job, it can be made
easy by defining one's comfort zone.
Page | 43
is possible that a portfolio having 5 schemes may be adequately diversified
whereas another one with 10 schemes may have very little diversification.
In other words, you need to assess as to how much risk did the fund
manger subject you to, and did he give you an adequate reward for taking
Page | 44
that risk. Besides, you also need to consider whether own risk profile allows
you to accept the revised level of risk
You may consider selling a fund when your investment plan calls for a
sale rather than doing so for emotional reasons.
You need to hold a fund long enough to evaluate its performance over
a complete market cycle, i.e. around three years or so. Many of us make the
mistake of either holding on to funds for too long or exit in a hurry. It is
needs. If you have made a proper selection, you would generally be required
to make changes only if the fund changes its objective or investment style,
or if your needs change.
Page | 45
sectors and segments of the market. The idea is that if one or more stocks
do badly, the portfolio won't be affected as much.
At the same time, if one stock does very well, the portfolio won't reap
all the benefits. A diversified fund, therefore, is an ideal choice for someone
who is looking for steady returns over the longer term.
Page | 46
CONSIDER THE FOLLOWING:
Page | 47
HOW TO REDUCE RISK WHILE INVESTING:
inflation is still 6 per cent then equity returns will be lesser by the rate
of inflation. Since inflation exists in the system there is no way one
Page | 48
Another form of risk is unsystematic risk. This risk does not exist in
the system and hence is not applicable to all forms of investment.
Unsystematic risk is associated with particular form of investment.
Suppose we invest in stock market and the market falls, then only our
investment in equity gets affected OR if we have placed a fixed deposit
in particular bank and bank goes bankrupt, than we only lose money
placed in that bank.
While there is no way to keep away from risk, we can always reduce
the impact of risk. Diversification helps in reducing the impact of
unsystematic risk. If our investment is distributed across various asset
classes the impact of unsystematic risk is reduced.
If we have placed fixed deposit in several banks, then even if one of
the banks goes bankrupt our entire fixed deposit investment is not
lost.
Similarly if our equity investment is in Tata Motors, HLL, Infosys,
adverse news about Infosys will only impact investment in Infosys, all
other stocks will not have any impact.
To reduce the impact of systematic risk, we should invest regularly. By
investing regularly we average out the impact of risk.
Mutual fund, as an investment vehicle gives us benefit of both
diversification and averaging.
Portfolio of mutual funds consists of multiple securities and hence
adverse news about single security will have nominal impact on overall
portfolio.
By systematically investing in mutual fund we get benefit of rupee cost
averaging.
Mutual fund as an investment vehicle helps reduce, both, systematic
as well as unsystematic risk.
Page | 49
COMPARISON OF FOUR MA JOR MUTUAL FUNDS
Page | 50
SBI MAGNUM GLOBAL
Minimum
2000
Subscription Amount
Page | 51
TATA (GROWTH) FUND
Minimum
Subscription Rs.5000/-
Amount
Page | 52
REL IANC E GROWTH FUND
Minimum
Subscription 5000
Amount
Page | 53
SHARPE RAT IO:
At the same times high returns are generally associated with a high
degree of volatility. The Investors accept this volatility only because they
want higher returns. The Sharpe ratio represents this tradeoff between risk
and returns. At the same time it also factors in the desire to generate
returns, which are higher than those from risk free returns.
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. As
standard deviation represents the total risk experienced by a fund, the
Sharpe ratio reflects the returns generated by undertaking all possible risks.
Page | 54
A higher Sharpe ratio is therefore better as it represents a higher return
generated per unit of risk. However, while looking at Sharpe ratio a few
points have to be kept in mind to obtain an accurate reading of the fund's
performance.
come with too much additional risk. The greater a portfolio's Sharpe ratio,
the better its risk-adjusted performance has been.
Page | 55
BETA:
Calculating BETA
For this study, Historical data for benchmark indices-BSE 200, NIFTY,
CNX 500, SENSEX and NAV performance of each of the funds have been
collected.
Page | 56
BETA (ß) = Covariance (portfolio’s NAV, market Index)
ALPHA:
Mathematically
Page | 57
R-SQUARED:
In the core of the fund analysis activity lie the twin pursuits of judging
returns and risk. Stripped of a lot of the complexity, this task involves
determining a fund's average performance over a period of time. Standard
Deviation gives a quality rating of an average. The Standard Deviation of an
average is the amount by which the numbers that go into an average
deviate from that average. It tells us how closely an average represents the
underlying numbers.
Page | 58
P/B RATIO:
quarter's book value per share. A lower P/B ratio could mean that the stock
is undervalued. However, it could also mean that something is
fundamentally wrong with the company.
STOCK PRICE
P/B RATIO =
TTOTAL ASSETS – INTANGIBLE ASSETS AND LIABILITIES
Page | 59
RESEARCH AND METHODOLOGY:
Three stages:
Stage 1: Gathering data from the company and plan schedule to meet
Page | 60
of Secondary Data analysis through: Internet and Web Search. Fact Sheets
and annexure collected from different Mutual Fund companies.
Page | 61
ANLYSIS AND FINDINGS
From the above graph it is clear that there are many people who
have participated in the survey and the major portion of the survey
indicates that the people are interested in investing in mutual funds
for the sake o their family financial security. From the above graph it
also reveals that the minor portion of the graph that is to build a
corpus for retirement does not play a major role in the investment
decisions.
Page | 62
Occupation
250 211
184
200
150
100
50 19
3 5
0
Figure 5 Occupation
These are the findings from the survey which include the number of
participants and the type of the participants. This survey includes all
types of participants which may give exact results for the evaluation
90 84
80
70
60
50 41
40
30 21 21
20
10
0
Page | 63
Comparison large cap top performing Mutual funds
663.05
1196.86
100000 88387.99
0 19438.82
Franklin SBI
Templeton Reliance
Capital Tata
23.076
130.256
26.74
258.836
This graph represents the latest NAV’s values of all the four
major companies in which reliance capital is the one with highest
NAV and Tata is the one with the lowest NAV.
Page | 65
Annual returns for 3 Months
30.00% 27.40%
19.90 24.50%
20.00% %
21.10%
10.00%
0.00%
Franklin SBI
Templeton Reliance Capital
Tata
Page | 66
200.00%
163.30%
150.00%
100.00%
81.70%
50.00%
21.90%
10.60%
12.80 171.10%
0.00% %
-30.00% -24.60%
1 yr -9.50%2 yr 3 yr 5 yr
6 months -
-50.00% 40.10%
-22.10%
-100.00%
Page | 67
Average NAV'S of Franklin Templeton Prime plus
for the last one and half year
250
200
150
100
50
0
AVERAGE
Page | 68
Average NAV's of SBI MAGNUM GLOBAL FUND
80
60
40
20
AVERAGE
AVERAGE
Page | 69
AVERAGE
Page | 70
P/E
Ratio
Franklin india prima plus 18.62
Magnum global
Tata growth fund.
Franklin india prima plus
11.6
4
0 5 10 15 20
From the P/E ratio the stocks in the Portfolio STATE BANK OF INDIA
MAGNUM GLOBAL are earning highest with less risk than that of other
AMCs and the stocks in the portfolio of Reliance Growth Fund is earning
least with the same risk.
Page | 71
P/B Ratio
0 2 4 6 8
From the P/B ratio the stocks in the Portfolio STATE BANK OF INDIA
MAGNUM GLOBAL are earning highest with less risk than that of other
AMCs and the stocks in the portfolio of Reliance Growth Fund is earning
least with the same risk
Page | 72
Beta
1.1
1.05
1 0.97
0.89
0.9 0.95
0.8
Franklin india prima plus Reliance growth fund Magnum global fund Tata growth fund
Figure 18 Beta
From the Beta graph the volatility of all the funds is less volatile
than that of the market because the beta of all the funds is less than
1. The volatility is very less in case of TATA growth fund.
Page | 73
Alpha
2 1.28
0.35
0
Franklin india Reliance growth Magnum Tata growth fund
prima plus fund global
-2
fund
-10
-10.42
-12
-12.07
-14
Figure 19 Alpha
The graph represents that Franklin India Prima plus Fund is taking
higher risk and earning higher returns followed by Tata, Reliance,
and SBI AMCs.
Page | 74
Sharpe Ratio
0.05 0.03
-0.1
Franklin india prima plus
-0.15
Reliance growth fund
Magnum global fund
-0.2
Tata growth fund
-0.25
-0.3
-0.4
0 10 20 30 40
Page | 76
Franklin india prima plus
20
15.6
18.03 1
11.52 10.86
10.02
15
7.18
10 4.24 3.79
3.05 2.79
1.85 1.04
5
The graph represents the various sectors that the company has
invested in terms of crores. The above graph represents the
graphical representation of Franklin India Prime Plus
Page | 77
Tata Growth
19.9
20 2
16.66
15
7.6
6.1 5.36
3.9
5
2.8 2.17
1.02 0.95
Tata Growth
The graph represents the various sectors that the company has
invested in terms of crores. The above graph represents t he
graphical representation of Tata Growth Fund
Page | 78
SBI Magnum global
15
10
The graph represents the various sectors that the company has
invested in terms of crores. The above graph represents the
graphical representation of SBI Magnum Global Fund
Page | 79
% of Net Assets of Franklin India Prima
Plus as on 30.04.09
Other 9.05
s
Debt 0
Equit
y 90.95
0
20 40
60
80
100
Page | 80
% Net Assets of Reliance Growth Fund as on
30.04.09
Others 23.1
9
Debt 0
Equity
76.81
0
20
40
60
80
Page | 81
% Net Assets of Tata Growth Fund as on
30.04.09
Others 7.24
Debt 0
% Net Assets of Tata Growth
Fund as on 30.04.09
Equity 92.76
0
50
100
Page | 82
% Net Assets of Magnum global Fund as on
30.04.09
Others 15.31
Debt 2.2
Equity
82.5
0
20
40
60
80
100
Page | 83
COMPANY PROFILE
Page | 84
MAHINDRA GROUP
AUTOMOTIVE
AFTER-MARKET SECTOR
FARM EQUIPMENT SECTOR
FINANCIAL SERVICES SECTOR
INFRASTRUCTURE DEVELOPMENT SECTOR
INFORMATION TECHNOLOGY SECTOR
MAHINDRA 2 WHEELERS
MAHINDRA SYSTECH
SPECIALTY BUSINESSES
TRADE, RETAIL & LOGISTICS
CORPORATE SOCIAL RESPONSIBILITY
MAHINDRA EDUCATION TRUST
HEALTH AND DISASTER FUND
THE MAHINDRA EXCELLENCE IN THEATRE AWARDS (META)
ENVIRONMENTAL INITIATIVES
NANHI KALI
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MAHINDRA F INANC E
• Two wheelers
• Tractors,
• Farm equipment,
• Cars
• Utility vehicles
• Commercial vehicles
• Construction equipment
• Investment advice
• Services
• Personal loans
• , Surveying available market products and choosing the most suitable
to our customers’ needs.
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INVES TM ENT ADV ISORY SERV IC ES
MANAGEMENT
y The Company has a non-executive Chairman and more than one third
of the total numbers of Directors are independent. The number of non-
executive Directors is more than half of the total number of Directors. The
Board currently consists of 10 members.
They are-
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C REDIT RAT ING:
y Credit Rating Information Services Limited (CRISIL) has reviewed the
performance of the Company and reaffirms FAA for Fixed Deposit program
and AA for Long term Debt and P1+ for Short term Debt.
y Company has also been awarded “Ind AA+” rating by Duff & Phelps
(DCR) for the Rs.50 crores Long Term Non- Convertible Debentures.
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RECOMMENDATIONS AND SUGGESTIONS:
All the persons who have cleared the AMFI exam should be empanelled
with Mutual Fund so as to be largest distributor base.
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CONCLUSION
These were my objectives of my project
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AN NEXURE -I
Personal Details:
Name:
Mobile Number:
Adress:_______________________________________________________
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_______________________________
Occupation: _____________________
Age: ____________________________
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2. Which of the following you think as investment for tax- saving?
a. Mutual funds
b. Fixed deposit
c. Insurance
d. Ppf
e. All of the above
a. Yes b. No
a. Mutual fund
b. Fixed deposit
c. Direct equity
d. Life insurance
e. Postal office deposit
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ANNEXURE – II (NAVS OF TATA MUTUAL FUND)
AVERAGE 48.53651 42.46527 37.49301 38.189925 39.04912 35.33132 31.99206 33.39056 30.91998
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Oct-09 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09
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Tata growth fund
32.79
THE
ANNEXURE – III (RATIO ANALYSIS)
REMAININ
G VALUES
ARE
COLLECT
P/E Ratio ED AS
P/B Ratio
Reliance growth fund
5.01
Magnum global fund 2.06
Tata growth fund
7.28
Franklin india prima
plus
5.51
Standard
Company Name Deviation
Franklin india prima
plus
29.66
Reliance growth fund
37.22
Magnum global fund
33.35
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ANNEXURE –IV(SECTOR WISE ALLO CATION FUND)
Reliance
Growth
Financial 9.41
Health Care 6.81
Energy 6.32
Chemicals 5.86
Technology 5.74
Diversified 5.16
Metals 4.75
FMCG 4.41
Communication 4.31
Engineering 2.51
Automobile 2.06
Services 1.85
Franklin
india
prima
plus
Financial 18.03
FMCG 15.61
Energy 11.52
Services 10.86
Communication 10.02
Engineering 7.18
Technology 4.24
Health Care 3.79
Automobile 3.05
Metals 2.79
Construction 1.85
Chemicals 1.04
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Cons Durable 0.96
BIBLIOGRAPHY (MONEYCONTROL, 2009) (SEBI, 2009) (AMFI
INDIA) (SHARE KHAN) (SHARE MARKET BASICS , 2009)
Mahindra. (2009).
reports/?Gclid=citx7mcjy5kcfqiupaodktwxjg
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