'Comparitive study of mutual funds Essay\r'

'Investing in plebeian property provides a total solution for the cloaking needs. With a nearly-designed portfolio of mutual cash, the investor can have his own kitty of professionally managed coronations, even with a small sign investment. Mutual lineage is a kind of trustingness that manages the pool of gold put in from divers(a) investors and it is managed by a team of professional fund managers (usually called an summation focusing Company) for a small fee.\r\nAn investment vehicle that is made up of a pool of bills collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and standardized assets. Mutual finances ar operated by money managers, who invest the fund’s capital and strain to produce capital gains and income for the fund’s investors. A mutual fund’s portfolio is structured and keep to match the investment objectives stated in its prospectus.\r\nThe Indian Mutual fu nd business has passed through lead phases. The first phase was amongst 1964 and 1987, when the only worker was the Unit Trust 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 to a lower place management had grown to Rs. 61,028/- crores at the end of 1994 and the figure of schemes were 167.\r\nThe third phase began with the entry of privy and external fields in the Mutual fund industry in 1993. Kothari Pioneer Mutual fund was the first fund to be established by the private empyrean in association with a foreign fund. The appropriate of the private players has risen rapidly since then. At cede 39 asset management companies be operative in India. The major mutual fund players in Indian market at present are: ABN AMRO Mutual livestock\r\nI have chosen HDFC ASSET MANAGEMENT COMPANY from private area and SBI MUTUAL FUND from public sector for my dissect because HDFC is no 1 in private sector mutual fund companies and SBI is no 1 in public sector mutual fund companies. HDFC asset Management Company Limited (AMC) was incorporated under the Companies Act, 1956, on December 10, 1999, and was approved to act as an Asset Management Company for the Mutual parentage by SEBI on July 3, 2000.\r\nIn terms of the investment Management Agreement, the Trustee has appointed the HDFC Asset Management Company Limited to manage the Mutual Fund. The paying(a) 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 conventional as a trust, sponsored by State cuss India. Today the Fund has an investor base of over 2.8 meg spread over 23 schemes. With a ample network of collecting branches and investor service centres, SBI Mutual Fund constantly endeavors to get closer to its growing family of investors. exigency OF THE STUDY\r\nMutual fund companies are introducing various new schemes in the market due to which the investors are generally confused that in what type of schemes they should invest and in which mutual fund company they should invest. The of import purpose of this deal is to go to bed slightly the exercise of various schemes of mutual fund companies of public and private sector in the market. It would help to know nearly the construct of mutual funds and to know about various schemes under mutual fund which result ultimately benefit the investors to decide about their investment in mutual fund companies.\r\nOBJECTIVES OF THE STUDY\r\nThe determine is being conducted for the following objectives:\r\nïÆ'ËœTo develop understanding of the concept and working of mutual fund schemes. ïÆ'ËœTo analyze and equal the performance of selected mutual fund schemes offered by SBI mutual fund and HDFC mutual fund. ïÆ'ËœTo study the investor’s demeanor towards the mutual fund schemes offered by public and private sector.\r\nRESEARCH METHODLOGY\r\nDATA COLLECTION\r\nThe selective information indispensable 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. ensample AREA- AGRA CITY\r\nSAMPLE SIZE- 50\r\nSAMPLING METHOD- CONVINIENT SAMPLING\r\nThe secondary data is collected from websites.\r\nNATURE OF STUDY\r\nThe study is uninflected 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 utilise FOR ANALYSIS\r\nïÆ'ËœFinancial technique such as Sharpe ratio and Standard deviation. Presentation tools\r\nïÆ'ËœBar graphs and pie charts\r\nREFERENCES\r\n1) KHORANA AJAY (2001) â€Å" proceeding Changes following Top Ma nagement Turnover: license from Open-End Mutual Fund” Journal of Financial and valued Analysis, September 2001 2) Sapar Rao Narayan and Madava Ravindran in his paper authorize surgical procedure Evaluation of Indian Mutual Funds(2003) www.ssrn.com 3)Panwar Sharad and Madhumathi R. in their study entitled Characteristics and Performance Evaluation of selected Mutual funds in India(2006) Indian Institute of hood Markets 9th Capital Markets Conference Paper 4)Ranganathan Kavitha in her study entitled A Study of Fund Selection conduct of Individual Investors Towards Mutual Funds †with Reference to Mumbai urban center (2006) Indian Institute of Capital Markets 9th\r\nBIBLIOGRAPHY\r\nwww.mutualfundsonline.com\r\nwww.hdfcfund.com\r\nwww.sbimf.com\r\nwww.valueresearchonline.com\r\n'