Pdf performance evaluation of mutual funds in india abhishek. A guide to understanding mutual funds this guide is designed to increase your awareness of the benefi ts of. The sebi mutual funds regulations 1993 define a mutual fund mf as a fund established in the form of a trust by a sponsor to raise monies by the trustees through the sale of units to the public under one or more schemes for investing in securities in accordance with these regulations. Mutual fund industry was introduced in india 1963 with the formation of unit trust of india. Mutual funds very popular in us in the year 1920s, particularly open end mutual funds. Mutual funds were also compared to the industrial securities and it was found that they yield an equally good return. The findings will help mutual fund companies to identify the areas required for improvement in order to create greater awareness among investors regarding investment in mutual funds.
A project report on mutual funds is the better investments plan submitted in partial fulfillment for. The reports help in understanding the operations of the industry right from its initiation stage to. A project report on comparative study of mutual funds in india. A closedend fund has a stipulated maturity period which generally ranging from 5 to 10 years. To know, which schemes gives highest return within oneyear. Diversified investment mutual funds have a diversified investment portfolio which helps in minimizing the risk as. Equity, income funds debt tax saving, gilt funds and mone y market mutual funds. Mutual funds mba project study is basically made to analyze the various mutual fund schemes of different sectors to highlight the diversity of investment that mutual fund offer. Munich personal repec archive growth and performance of indian mutual funds industry pandow, bilal university of kashmir 15 april 2017 online at mpra paper no. The performance was evaluated in terms of rate of return, treynor, sharpe and jensen measures of performance. If you continue browsing the site, you agree to the use of cookies on this website. A mutual fund is set up in the form of a trust, which has sponsor, trustees, asset management company amc and custodian.
A project report on mutual funds in india by sanjay gupta. The objective of this research work is to analyse the financial performance of selected mutual fund schemes through the statistical parameters standard deviation. To compare the performance of sponsored mutual funds using. Pdf the aim of conducting this research is to find out the investment tendency in. The scope of the project is mainly concentrated on the top performing schemes of the reliance mutual fund such as reliance. Therefore, due to the changed environment it becomes important to investigate the mutual fund performance. The performance of the mutual funds can be published widely. To find the extent of diversification in the portfolio of securities of sponsored mutual funds. Mutual funds are not guaranteed or insured by the fdic or any other government agency even if you buy through a bank and the fund carries the banks name. The below table summarizes all the selected mutual funds and their calculated performance ratios. A study on factors affecting investment on mutual funds. The relation between riskreturn determines the performance of a mutual fund scheme. They found that all selected equity mutual funds performed better than their benchmark indices. Therefore, our study has attempted to evaluate the comparative performance of public and private sector mutual fund schemes t he indian mutual fund industry has witnessed a.
Growth and performance of indian mutual funds industry. Mutual funds were also compared to the industrial securities and it. While there is no legal definition of the term mutual fund, it is. It becomes pertinent to study the performance of the mutual fund. Thus, investors can indirectly participate in the capital market by subscribing to the units of mutual funds. Introduction mutual funds allow a group of investors to pool their money together and invest. Mutual funds in india project report your article library. The industry has witnessed sufficient growth on all parameters be it. To compare the performance of sponsored mutual funds using traditional investment measures. Conclusively the authors said that, both hdfc mutual fund and sbi mutual fund are good funds to invest in and there is only a marginal difference between them.
Liquidity also plays a major role in mutual fund performance. What was once just another obscure financial instrument is now a part of our daily lives. Pdf performance evaluation of mutual funds in india. A project report on comparative study of mutual funds in india slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. General market risk economies and markets throughout the world are becoming increasingly interconnected. The findings will help mutual fund companies to identify the areas required for improvement and can also improve their marketing strategies. Do locally focused equity mutual funds outperform the saudi market. A mutual fund is created when investors put their money together. Garg 2011 examined the performance of top ten mutual funds that was selected on the basis of previous years return. Critical success factors influencing the performance of. Pdf a comparative study on performance of selected. Investable funds, at market value of the industry rose to inr 1,10,000 crore in 2000 with uti having 68 percent of market share. Closedend funds generally issue shares to the public only once, when they are created through an initial public offering ipo.
This public tool is meant for individual investors to compare cost, financial performance, screens and voting records of competing funds. This project also aims at finding about the factors that prevent the people to invest in mutual funds. The mutual fund industry in india started in 1963 with the formation of. Introduction a mutual fund is a trust that pools the savings of a number of investors who share a common financial goal. Mutual fund, open ended schemes, tax saving scheme. Past performance is not a reliable indicator of future performance. Project report on the introduction to mutual funds. Mutual funds are large pools of money that invest in assets like stocks and bonds. Jun 02, 2011 a project report on comparative study of mutual funds in india 1. A project report on mutual fund industry for finance student very simple. Trey nor 1965 presents a new way of viewing performance results. Performance evaluation of equity mutual funds on selected. A yadav and biswadeep mishra 1996 have evaluated performance of 14 mutual funds scheme using monthly data. Abhishek kumar university of delhi shivaji college 2 abstract in this project.
Mutual fund scheme 3yr cagr 5yr cagr beta r square expense ratio % standard deviation sharpe ratio 1 fidelity equity fund 15. Cafe, a british council creative writing project in morocco, algeria and. The results revealed that reliance regular saving scheme fund had achieved the highest final score and canara robeco infra had achieved the lowest final score in the one year category. Mutual funds strive for both dividend income and capital gains from common shares and bonds. Comparative analysis on mutual fund scheme mba project has tried prove that mere returns of a fund or the past performance is not good enough. To carry out the risk return analysis of the sample funds selected. An analysis of mutual funds return compare to the market return. The types of risks a stock fund is subject to will vary by type and are detailed in the fund s prospectus. In general, mutual funds are not considered to be too risky because.
A study on performance evaluation of mutual funds schemes. Introduction a mutual fund is a type of professionally managed investment fund that pools money from many investors to purchase securities. However, the uti dropped a bombshell in 200001 on the investing public by disclosing the nav of us64 just at. Created by experts with mutual funds selected from the best performing funds. The main investment objectives of mutual funds are. Investors can invest in bank deposits, corporate debentures and bonds, post office saving schemes etc. To evaluate the past performance of selected open ended equity mutual fund schemes of reliance. Mutual funds complete project report investment fund. Abhishek kumar university of delhi shivaji college 2 abstract in this project, the. Mutual fund selection guide to enable you to create your own portfolio. During the last few years many extraordinary and rapid changes have been seen in the mutual fund industry.
You will find updates on factsheet, portfolio, dividend, exit load, nfo and aum of all the indian mutual fund. To examine the mutual fund schemes performance, 10 schemes were selected. Project report on mutual funds provides a summary on mutual fund market in india, the performance of listed funds, various types of funds, challenges, drawbacks and international scenarios. Project report on analysis of working capital in banking jk. Mutual funds mutual fund is a pool of money collected from investors and is invested according to certain investment options. A project report on mutual funds in india by sanjay.
Sample study the equity mutual fund data used herein consist of the monthly net asset value nav per share and some quantitative and qualitative information about each fund. The indian mutual fund industry has come a long way since its inception in 1963. Mutual funds are financial intermediaries which collect the savings of investors and invest them in primary and secondary securities, like money market instruments, corporate and government bonds, and equity shares of joint stock companies. They have a record of declaring dividends ranging from 11 to 16 percent. The study concluded that the funds as a whole performed well in terms of non risk adjusted measure of average returns and the fund manager of growth schemes adopted a conservative investment policy. Sample of 506 european openended mutual funds and 2096 american openended mutual funds was taken from january 1991 to december 19979. To be specific following are the main objective of the present research study.
As a result there has been a significant growth in the flow of funds in to the mutual funds. Bond funds, liquid funds, balanced funds, gilt funds etc. Nippon india focused equity fund formerly reliance focused equity fund an open ended multi cap equity scheme investing in maximum 30 stocks growth plan growth option. The research article is titled as comparative study on performance of selected mutual funds with reference to indian context. A performance evaluation of mutual fund slideshare. University of mumbai project on comparative study of mutual funds in india submitted in partial fulfillment of the requirements for the award of the degree of bachelor of management by project guide bachelor of management studies semester v 200910 v. The study analyzed the performance on the basis of return, standard deviation, beta as well as treynor, jensen and sharpe indexes. The main function of having analysis of mutual fund is to pinpoint the strong points and weaknesses of mutual fund schemes.
H business economics by ayesha mahajan 2039 ekaastha nijhara2030 himalaya tarani 2035 krety grover 2041 supervisor mr. Mutual funds promoted by canbank, indian bank and pnb were reported to be good investment option based on their performance. Pdf performance evaluation of mutual funds researchgate. Mutual funds experienced a period of excellent growth after world war ii, particularly in the 1980s and 1990s. These can be further subclassified into different categories like mid cap funds, small cap funds, sector funds, index funds etc. The funds manager invests the funds assets, typically by buying stocks or bonds, or a combination of the two. Comparative analysis on mutual fund scheme mba project has tried prove that mere returns of a fund or the past performance is not good enough to make a sound decision on investment for the future. The study here has been limited to analyze the performance of mutual funds in selected sectors with different fund houses like reliance pharma, sbi magnum it, franklin templeton fmcg, uti infra, reliance diversified power, tata service etc. As risk is commensurate with return, therefore, providing maximum return. Sbi mutual funds are operating in financial market since a long period of time. Many previous studies have investigated performance persistence among mutual funds.
Shah and thomas 1994 focused on 11 mutual fund schemes. A study of performance of mutual fund has become more controversial. He attempted to rate the performance of mutual funds on a characteristics line graphically. Through the study one would understand how an investor could fruitfully convert a pittance into great penny by wisely investing into the right scheme according to his. Perception of indian investor towards investment in mutual. The study concluded dismal performance of psu mutual funds in india, in general, during the period, 199296. Jun 20, 2014 in the following ways the confidence can be increased in the minds of the people in india. Mutual fund on the basis of standard deviation, sharpe ratio and beta. A study was conducted by otten, and mark 2002 to compare the performance of european mutual fund industry with performance of united states fund industry. The mutual fund and etf performance chart displays all sustainable, responsible and impact mutual funds and etfs offered by us sifs institutional member firms. One of the most important studies on this topic is mark carharts paper, on persistence in mutual fund performance. Learn how to start investing in mutual funds, select best funds and build your impressive mf portfolios.
Development projects, unlike large construction projects, are essentially communitydriven in nature and aim at redistributing national resources to the community to bring facilities and services closer to people in order to alleviate poverty, create employment, and eventually raise peoples standard of living through better schools, healthcare facilities and the like. Comparative analysis on mutual fund scheme mba project by. Mutual funds employ professional fund managers to manage the investment. A synopsis on performance analysis of mutual funds. A comparative study on performance of selected mutual funds. Conversely rajesh kumar, rituraj chandrakar 2012 evaluates the performance of 29 openended, growthoriented equity schemes for the period from april 2005 to march 2011 six years of transition economy. This paper examines the performance of selected mutual fund schemes, that the risk profile of the aggregate mutual fund universe can be.
Conclusion introduction as you probably know, mutual funds have become extremely popular over the last 20 years. The present performance of the mutual funds is very good compared with other investment. A mutual fund is a investment plan into which investor place their. Pdf mutual fund in indian context is a challengeable phenomenon. Final project report comparitive study of mutual fund. A study on performance evaluation of mutual funds schemes in. Project report on mutual funds standard format and tips. Sondhi and jain 2010 examined the market risk and investment performance of equity mutual funds in india. Performance evaluation of mutual fund in india a case. A critical analysis of selected mutual funds in india.
The project has been carried out the title comparative analysis of mutual fund on the basis of alpha, beta and standard deviation. A large number of studies have been done on the growth and financial performance of mutual funds. The steeper the line, the more systematic risk or volatility a fund possesses. And the companies should cash in on this opportunity.
It was revealed from the study that risk for debt fund was much lower than that of the equity funds. Explore mba finance projects pdf, financial management projects topics, finance project topics list or ideas, accounting based research projects, latest synopsis examples, abstract, base papers, fm thesis ideas, corporate phd dissertation for financial management students fm, reports in pdf, doc and ppt for final year mba, bba diploma, bsc, msc, btech and mtech students for the year 2015. Mutual funds have been the workhorse of american retirement for decades, with vanguard, fidelity, american funds, jpmorgan chase and t. Dec 26, 2017 however, a mutual fund pools together the savings of such small investors and invests the same in the capital market and passes the benefits to the investors. Joining ulip was one truly exciting for me, as i had the opportunity to learn within the. The first step in selecting a fund is to determine the investing style and determine if it suits your objectives. The main aim of the project is to show mutual fund as a better avenue for better return with risk free investment to the potential investors. A mutual fund is a trust that pools the saving of an. The reports help in understanding the operations of the industry right from its initiation stage to expansion and future initiatives.