A STUDY ON DIFFERENT

SCHEMES WITH COMPARISON &

EVALUATION AMONG THE
MUTUAL FUNDS WITH
REFERENCE TO THE KOTAK AMC
COMPANY
PRESENTED BY:
HARSH JAIN
PGDM, FINANCE
ROLL- 5130
 INTRODUCTION
 Mutual fund is a trust that pools the savings of a
number of investors who share a common financial
goal.
 Mutual fund is the most suitable investment for the
common man as it offers an opportunity to invest in a
diversified, professionally managed basket of
securities at a relatively low cost.
 A mutual fund is a body corporate registered with the
SEBI that pools up the money from
individual/corporate investors and invest the same on
behalf of the unit holders, in equity shares, government
securities, bonds, call money market etc. and distribute
the profits.
 OBJECTIVE
 To show the wide range of investment options available
in mutual funds by explaining its various schemes.
 To compare the schemes based on Sharpe’s ratio,
Treynor’s ratio, b Coefficient, Returns and show which
scheme is best for the investor based on his risk profile.
 To help an investor make a right choice of investment,
while considering the inherent risk factors.
 To understand the performance of different schemes
in different companies like LIC, SBI, RELIANCE
AND KOTAK.
 NEED AND SCOPE
 The study is basically made to analyze the various open
ended equity schemes of different asset management
companies to highlight the diversity of investment that
mutual fund offer.
 The study one would understand how a common man could
fruitfully convert an inadequate payment into great penny
by wisely investing into the right scheme according to his
risk taking abilities.
 The study here has been limited to analyze open-ended
equity Growth schemes of different Asset Management
Companies namely Kotak Mahindra Mutual Fund, Reliance
Mutual Fund, LIC and SBI Mutual Funds each scheme is
analyzed according to its performance against the other.
 RESEARCH METHODOLOGY
 The data collected for this project is basically from
one source, that is:-
 Secondary sources: Collection of data from Internet
and Books.
 And some formulas or factors which help to find out
the performance of different schemes of mutual
funds and compare with the different company
mutual funds.
 LIMITATIONS
 The study is limited only to the analysis of different
schemes and its suitability to different investors
according to their risk-taking ability.
 The study is based on secondary data available from
monthly fact sheets, websites and other books, as
primary data was not accessible.
 The study is limited by the detailed study of various
schemes of Four Asset Management company.
 COMPANY PROFILE
 Kotak Mahindra Mutual Fund (KMMF) is managed
by Kotak Mahindra Asset Management Company
Ltd., a wholly owned subsidiary of Kotak Mahindra
Bank Ltd.
 The Kotak Mahindra Group was born in 1985 as
Kotak Capital Management Finance Limited.
 Industrialists Harish Mahindra and Anand
Mahindra took a stake in 1986, and that's when
the company changed its name to Kotak
Mahindra Finance Limited.
 DATA ANALYSIS
EQUITY LINKED SAVING SCHEME- DIVIDEND OPTION:

Company Reliance Kotak Lic Sbi

name
Month (R) (R) (R) (R)
January 0.804158 0.616715 -0.01166 1.911105
February 0.713947 0.496376 -0.07525 1.782526
March 0.798619 0.501922 -0.02994 1.9413
April 0.86495 0.443314 -0.00688 2.046632
Total 3.181674 2.058327 -0.12373 7.681563
Average 0.795419 0.514582 -0.03093 1.920391
return
Interpretation:
From this analysis, SBI Magnum Equity Scheme Performance is best out of the three Schemes
of Mutual Fund companies in case of Dividend Option, ranks first with the highest in all four
months and with the highest average return of 1.920391. . In sharpe’s and treynor’s ratio, SBI
magnum performance is best out of three schemes.
 DATA ANALYSIS
EQUITY LINKED SAVING SCHEME- GROWTH OPTION:

Company Reliance Kotak Lic Sbi

name
Month (R) (R) (R) (R)
January 2.409789 2.593483 1.508264 2.859263
February 2.239 2.326003 1.346893 2.687947
March 2.39919 2.464809 1.461882 2.89835
April 2.5244 2.545314 1.520405 3.038158
Total 9.572379 9.929609 5.837444 11.48372
Average 2.393095 2.482402 1.459361 2.87093
return

Interpretation:
From this analysis, SBI Magnum Equity Scheme Performance is best out of the three Schemes
of Mutual Fund companies in case of Growth Option, ranks first with the highest in all four
months and with the highest average return of 2.87093.
 DATA ANALYSIS
BALANCED SCHEME- DIVIDEND OPTION:

Company Reliance Kotak Lic Sbi

name
Month (R) (R) (R) (R)
January 0.639053 0.635735 0.159723 1.574211
February 0.583579 0.554723 0.088146 1.471
March 0.636524 0.569265 0.123576 1.5613
April 0.6622 0.58095 0.143127 1.640684
Total 2.521356 2.340673 0.514572 6.247195
Average 0.630339 0.585168 0.128643 1.561799
return

Interpretation:
From this analysis, SBI Magnum Balanced Scheme Performance is best out of the three
Schemes of Mutual Fund companies in case of Dividend Option, ranks first with the
highest in all four months and with the highest average return of 1.561799.
 DATA ANALYSIS
BALANCED SCHEME- GROWTH OPTION:

Company Reliance Kotak Lic Sbi

name
Month (R) (R) (R) (R)
January 1.343632 1.151691 4.486895 3.797474
February 1.264263 1.045121 4.148242 3.604895
March 1.339905 1.114453 4.315871 3.77335
April 1.3768 1.216672 4.408368 3.921
Total 5.3246 4.527937 17.35938 15.09672
Average 1.33115 1.131984 4.339844 3.77418
return

Interpretation:
From this analysis, LICMF Balanced Scheme Performance is best out of the three Schemes of
Mutual Fund companies in case of Growth Option, ranks first with the highest in all four
months and with the highest average return of 4.339844.
 FINDINGS
 FROM EQUITY LINKED SAVING SCHEME
(DIVIDEND OPTION)
1. Average Returns: SBI Equity Scheme performance is ranked
as first with the highest average Return of 1.920391
2. Sharpe Ratio: SBI Equity Scheme performance is ranked as
first with the highest Sharpe Index Ratio of 0.651913 and
with the highest Standard Deviation of 2.880586 followed by
RELIANCE, KOTAK and LIC. This shows that higher the
risk higher the return.
3. Treynor Ratio: SBI Equity Scheme performance is again
ranked as first with the highest Treynor Ratio of 1.93597,
followed by RELIANCE, KOTAK and LIC.
 FINDINGS
 FROM EQUITY LINKED SAVING SCHEME (GROWTH
OPTION)
1. Average Returns: SBI Equity Scheme performance is ranked as
first with the highest Average Return of 2.87093
2. Sharpe Ratio: SBI Equity Scheme performance is ranked as
first with the highest Sharpe Index Ratio of 0.656798 and with
the highest Standard Deviation of 4.306394, followed by
KOTAK, RELIANCE and LIC. This shows that higher the risk
higher the return.
3. Treynor Ratio: SBI Equity Scheme performance is again
ranked as first in case of Treynor ratio with the highest Treynor
Ratio of 2.915907, followed by RELIANCE, KOTAK and LIC.
 FINDINGS
 FROM BALANCED SCHEME (DIVIDEND OPTION)
1. Average Returns: SBI Balanced Scheme performance is
ranked as first with the highest Average Return of 1.561799 
2. Sharpe Ratio: SBI Balanced Scheme performance is ranked
as first with the highest Sharpe Index Ratio of 0.648525 and
with the highest Standard Deviation of 2.342698, followed
by RELIANCE, KOTAK and LIC.
3. Treynor Ratio: SBI Balanced Scheme performance is
ranked as first with the highest Treynor Ratio of 1.332718,
followed by RELIANCE, KOTAK and JM. Higher the
Treynor Ratio is an indicator of favorable performance.
 FINDINGS
 FROM BALANCED SCHEME (GROWTH OPTION)
1. Average Returns: SBI Balanced Scheme performance is
ranked as first with the highestAverage Return of 3.77418
2. Sharpe Ratio: SBI Balanced Scheme performance is
ranked as first with the highest Sharpe Index Ratio of
0.65916, and with the highest Standard Deviation of
5.66127, followed by LIC, Prudential RELIANCE and
KOTAK. This shows that higher the risk, higher the return.
3. Treynor Ratio: LIC Balanced scheme performance is
ranked as first with the highest Treynor Ratio of 4.964935,
followed by SBI, RELIANCE and KOTAK.
 SUGGESTIONS
 The Company should come forward to introduce more
schemes at the right time for the benefit of the fund house,
investors, brokers, and the distributors.
 In general the private sector mutual fund companies
outperforms the public sector mutual fund companies, if the
Kotak Mahindra AMC Company understands their
Competitors and the market they will have a hedge over
their competitors in the future.
 A typical individual is not likely to have the knowledge,
skills, inclination and time to keep track of and understand
the causes and implication of the price changes and trends.
So, the Asset management company’s should come forward
to educate individuals about the benefits of mutual funds.
 CONCLUSION
 Mutual Funds are the ideal investment vehicle for today’s
complex and modern financial scenario.
 The public sector mutual fund company’s performance is
better than the private sector mutual fund companies in
case of Equity Linked Savings Scheme.
 The public sector mutual fund Companies outperforms the
private sector mutual fund companies of two ratios viz.,
Sharpe Ratio and Treynor Ratio in case Balanced Scheme.
 We can arrive at the conclusion that indeed existing funds
have surpassed newer ones by a mile and we would be
much better off sticking to existing funds with excellent
track records than running after fancy terms, names &
themes.