Tuesday, February 19, 2019
Comparitive study of mutual funds Essay
Investing in uncouth computer storages provides a total effect for the investing needs. With a healthy-designed portfolio of vulgar cash, the investor can have his own pool of professionally performd investitures, even with a small initial investment. usual gunstock is a kind of trust that manages the pool of mvirtuosoy collected from mingled investors and it is managed by a team of professional fund managers (usually called an summation all oversight Company) for a small fee.An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. joint funds are operated by money managers, who invest the funds peachy and attempt to produce capital gains and income for the funds investors. A uncouth funds portfolio is structured and maintained to match the investment objectives utter in its prospectus.The Indian Mutual fundbusiness has passed by means of 3 anatomys. The first phase was between 1964 and 1987, when the only player was the Unit deposit of India, which had a total asset of Rs. 6,700/- crores at the end of 1988. The second phase is between 1987 and 1993 during which period 8 funds were established (6 by banks and one each by LIC and GIC). The total assets under charge had grown to Rs. 61,028/- crores at the end of 1994 and the number of schemes were 167.The third phase began with the entry of individual(a) and unusual sectors in the Mutual fund industry in 1993. Kothari Pioneer Mutual fund was the first fund to be established by the secret sector in association with a foreign fund. The share of the backstage players has risen rapidly since then. At present 39 asset management companies are working(a) in India. The major mutual fund players in Indian market at present are ABN AMRO Mutual storageI have chosen HDFC ASSET MANAGEMENT COMPANY from orphic sector and SBI MUTUAL FUND from public sector for my study because HDFC is no 1 in private sector mutual fund companies and SBI is no 1 in public sector mutual fund companies. HDFC Asset focussing Company Limited (AMC) was incorporated under the Companies Act, 1956, on celestial latitude 10, 1999, and was approved to act as an Asset Management Company for the Mutual Fund by SEBI on July 3, 2000.In terms of the Investment Management Agreement, the Trustee has appointed the HDFC Asset Management Company Limited to manage the Mutual Fund. The paid up capital of the AMC is Rs. 25.161 crore. SBI Funds Management Ltd. is the investment manager of SBI Mutual Fund. SBI Mutual Fund has been constituted as a trust, sponsored by State Bank India. Today the Fund has an investor base of over 2.8 million spread over 23 schemes. With a large communicate of collecting branches and investor service centres, SBI Mutual Fund constantly endeavors to get adjacent to its growing family of investors. NEED OF THE selectMutual fund companies are introd ucing miscellaneous new schemes in the market due to which the investors are generally disunited that in what type of schemes they should invest and in which mutual fund familiarity they should invest. The main purpose of this study is to know close the performance of respective(a) schemes of mutual fund companies of public and private sector in the market. It would religious service to know about the concept of mutual funds and to know about various schemes under mutual fund which will ultimately derive the investors to decide about their investment in mutual fund companies.OBJECTIVES OF THE STUDYThe study is being conducted for the following objectivesTo develop understanding of the concept and working of mutual fund schemes. To analyze and compare the performance of selected mutual fund schemes offered by SBI mutual fund and HDFC mutual fund. To study the investors doings towards the mutual fund schemes offered by public and private sector.RESEARCH METHODLOGY info COLLECT IONThe data required for the study is collected from primary as well as secondary sources. The primary data is collected through self constructed questionnaires which will be to know about the investors behavior towards mutual funds in private and public sector. precedent AREA- AGRA CITYSAMPLE SIZE- 50SAMPLING METHOD- CONVINIENT SAMPLINGThe secondary data is collected from websites. constitution OF STUDYThe study is analytical which includes comparative analysis of performance of mutual funds in public and private sector as well as analysis of investors behavior towards mutual funds in private and public sector. TOOLS USED FOR ANALYSIS financial technique such as Sharpe ratio and Standard deviation. Presentation toolsBar graphs and pie chartsREFERENCES1) KHORANA AJAY (2001) Performance Changes following sort out Management Turnover Evidence from Open-End Mutual Fund Journal of Financial and Quantitative Analysis, September 2001 2) Sapar Rao Narayan and Madava Ravindran in his pape r entitled Performance military rank of Indian Mutual Funds(2003) www.ssrn.com 3)Panwar Sharad and Madhumathi R. in their study entitled Characteristics and Performance paygrade of selected Mutual funds in India(2006) Indian Institute of uppercase Markets 9th Capital Markets Conference Paper 4)Ranganathan Kavitha in her study entitled A subscribe to of Fund Selection Behaviour of Individual Investors Towards Mutual Funds with citation to Mumbai City (2006) Indian Institute of Capital Markets 9thBIBLIOGRAPHYwww.mutualfundsonline.comwww.hdfcfund.comwww.sbimf.comwww.valueresearchonline.com
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