comparitive research of shared funds Essay

COMPARITIVE EVALUATION ON EFFICIENCY OF SHARED FUND PLANS AND SHAREHOLDERS ATTITUDE TOWARDS MUTUAL FUNDS (WITH UNIQUE REFERENCE TO HDFC AND SBI)

MAJOR TASK

TABLE OF CONTENTS

PARTICULARSPage No .

Acknowledgement

Chapter-1INTRODUCTION

INTRODUCTION2-3

NEED OF THE STUDY

OBJECTIVES OF THE STUDY4

RESEARCH METHODOLOGY5

LIMITATIONS IN THE STUDY6

Chapter-2LITERATURE REVIEW

NATIONAL8-10

INTERNATIONAL11-13

Chapter-3ALL ABOUT MUTUAL FUNDS

MEANING OF COMMON FUND15

FUNCTIONING OF COMMON FUND16

COMPANY OF MUTUAL FUND17-18

GOOD MUTUAL FUND IN INDIA19-22

HOW SHARED FUNDS EARN MONEY FOR INVESTOR23

ADVANTAGES OF PURCHASING MUTUAL FUNDS24-27

DISADVANTAGES OF INVESTING IN COMMON FUNDS28

TYPES OF COMMON FUNDS29-37

RISK HIERARCHY OF NUMEROUS MUTUAL FUNDS38

MUTUAL CASH VS DIFFERENT INVESTMENTS39

BUYING MUTUAL FUNDS40-41

TRACKING AND SELLING COMMON FUNDS42-44

Chapter-4COMPANY PROFILE

HDFC ASSET MANAGEMENT COMPANY46-49

POINT OUT BANK OF INDIA COMMON FUND50-52

Chapter-5DATA ANALYSIS AND INTERPRETATION

EVALUATION OF QUESSIONAIRE54-60

ANALYSIS INTENDED FOR COMPARISION OF PERFORMANCE OF MUTUAL FUNDS61-70

Chapter-6 STUDIES AND RECOMMENDATIONS

FINDINGS72

SUGGESTIONS73

CONCLUSION74

Chapter-7ANNEXURE

SAMPLE QUESSIONAIRE76-78

REFERENCES79-81

PHASE - one particular

INTRODUCTION

INTRODUCTION

Investing in common funds offers a total solution for the investing requires. With a practical portfolio of mutual cash, the buyer can have his individual pool of professionally been able investments, even with a small first investment. Common fund is a kind of trust that manages the pool pounds collected by various shareholders and it is managed by a group of specialist fund managers (usually known as an Asset Management Company) for any small fee. A great investment vehicle that is certainly made up of a pool of funds accumulated from various investors for the purpose of investing in securities such as shares, bonds, money market instruments and similar assets. Mutual funds are controlled by funds managers, whom invest the fund's capital and make an attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio can be structured and maintained to complement the expense objectives set by its prospectus. The American indian Mutual pay for business has passed through 3 phases. The first period was among 1964 and 1987, when the only participant was the Product Trust of India, which in turn had a total asset of Rs. 6, 700/- crores at the end of 1988. The second phase is between 1987 and 1993 when period almost eight funds were established (6 by banks and 1 each simply by LIC and GIC). The total assets underneath management experienced grown to Rs. sixty one, 028/- crores at the end of 1994 and the number of techniques were 167. The third period began with all the entry of private and overseas sectors inside the Mutual finance industry in 1993. Kothari Pioneer Mutual fund was your first finance to be structured on the exclusive sector in association with a foreign account. The talk about of the non-public players offers risen speedily since then. At present 39 advantage management companies are working in India. The major common fund players in Indian market at present are: пЃ¶ABN AMRO Mutual Fund

пЃ¶Birla Sun Life Mutual Fund

пЃ¶Bank of Baroda Mutual Fund (BOB Mutual Fund)

пЃ¶HDFC Common Fund

пЃ¶HSBC Mutual Pay for

пЃ¶Prudential ICICI Mutual Finance

пЃ¶Sahara Shared Fund

пЃ¶State Bank of India Shared Fund

пЃ¶Tata Mutual Fund

пЃ¶ING Vysya Mutual Pay for

Wide varieties of Mutual Account Schemes exist to cater to the needs such as financial position, risk patience and go back expectations etc . The table below gives an overview in the existing types of schemes in the Industry. •By Structure

oOpen - Finished Schemes

oClose - Ended Schemes

oInterval Schemes...

References: 10) Agrawal Deepak and Patidar Deepak in their research entitled, A Comparative Study of Equity Based Shared Fund of Reliance and HDFC (2010) Prabandhan & Taqniki, Volume. 3, pp. 145-154, Oct 2009 2011

11) Kao Wenchi and Cheng T

14) Grinblatt Mark, Lkahemo Seppo and Keloharju Matti (2007) within their study permitted, Are Shared Fund Fees Competitive? What IQ-Related Tendencies tells us www.ssrn.com

15) Cashman M

16) Nagel Stefan and Greenwood Robin in their study entitled Inexperienced Investors and Bubbles(2008) AFA 08 New Orleans Meetings Newspaper

17) Petajisto Antti in his analyze entitled Active Share and Mutual Account Performance (2010) www.ssrn.com

18) Glode Vincent in the study permitted Why Mutual Funds 'Underperform '(2010) Log of Financial Economics, 2011

19) Huang C

20) Agarwal Vikas, Gay D. Gerald AND LING LENG inside their study entitled Window Shower in Mutual Funds(2011) www.mendeleyspapers.com

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