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INTRODUCTION
One of the best ways of growing your money is to invest in Mutual funds.
They are less volatile than the stock and security market, thus giving more
safety to the investors.
STATEMENT OF PROBLEM
The mutual fund industry has been reeling under the weight of the high
volatility that the market has been witnessing. The NAV's of various growth-
oriented funds have out performed the market benchmarks. This should
ensure the fact that mutual funds are the best and safest form of investments
available to the investor. The study and understanding of mutual fund
industry with special reference to the growth oriented balanced funds will
prove to be of tremendous help.
SCOPE OF STUDY
The researcher will be able to assess the performance of the growth oriented
balanced schemes. Details regarding the performance of the balanced fund
have been obtained from the records of the company, fact sheets and the
quarterly reports that are published and issued to the investors/distributors
regularly. A study covering the performance of the scheme since the
inception as against benchmark will definitely give accurate results with
respect to the comparative study of performance evaluation of the growth
oriented balanced schemes.
OBJECTIVES OF STUDY
1. ING-VYSYA
2. BIRLA BALANCED FUND
3. PRU ICICI BALANCED FUND
4. FT INDIA BALANCED FUND
5. HDFC BALANCED FUND
B. Plan of Analysis
The project will be dealing with five open-ended balanced funds, namely
Ing-vysya, Birla Balanced Fund, Pru ICICI Balanced Fund, FT India PE
Ratio Fund, HDFC Balanced Fund, to carry on a Comparative Analysis
based on the secondary data made available by Ing-vysaya. Benchmarks are
by far the most critical aspect of the study. The benchmarks that have been
considered are ING-VSYAYA BALANCED FUND.
The period of study is too short for performance evaluation of a fund. Hence,
the result arrived at, may not be completely accurate.
• The data collected for the comparative scheme analysis was secondary
and hence the accuracy may have been compromised.
• HSBC Composite fund index has been selected as the benchmark
portfolio, which may not be a surrogate benchmark for performance
evaluation.
• The type of the schemes was restricted to only open-ended growth
schemes. The inclusion of other schemes would have given more
accurate picture.
• This being an academic study suffers from cost and time constraints.