Major mutual funds in India - A project by Mohammad ikram bukhari

8/13/2019 Major mutual funds in India - A project by Mohammad ikram bukhari

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MAJOR MUTUAL FUNDS IN INDIA

A PROJECT BY

MOHAMMAD IKRAM BUKHARI

Admission No: DPGD/JA11/!"

SPECIALIZATION: FINANCE

#ELINGKAR INSTITUTE OF MANAGEMENT

MUMBAI

1


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APPENDIX I

CERTIFICATE FROM THE GUIDE

This is to certify that the Project work titled Major mutual Funds In india.

Is a bonafide work carried out by Mohammad Ikram Bukhari.(Admission No.!" #P$#%&A''")*

A candidate for the P$#BA(FINAN+, -elinkar Institute of Manaement under

my uidance and direction.

/I$NAT01, 2F $0I#,!

NAM, ! 3I/4A5 +42P1A2ranisation 6 #esination !BAN7 2F AM,1I+A"T,AM #,3,52P,1A##1,// !$uraon

/TAMP8/,A5 2F T4, 21$ANI9ATI2N

#AT,!P5A+,!

2


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ACKNO#LEDGEMENT

Before we et into thick of thins: I would like to add a few words of a;;reciation for the

;eo;le who ha


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NEED FOR THE STUDY:

The main ;ur;ose of doin this ;roject was to know about mutual fund and its

functionin. This hel;s to know in details about mutual fund industry riht from its ince;tion

stae: rowth and future ;ros;ects.

It also hel;s in understandin different schemes of mutual funds. Because my study

de;ends u;on ;rominent funds in India and their schemes like e@uity: income: balance as well as

the returns associated with those schemes.

The ;roject study was done to ascertain the asset allocation: entry load: eit load:

associated with the mutual funds. 0ltimately this would hel; in understandin the benefits of

mutual funds to in


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E%ECUTI$E SUMMARY

A mutual fund is a scheme in which se


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The most im;ortant trend in the mutual fund industry is the aressi


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INDE%

SRNO. TOPICS PAGE NO

1& INTRODUCTION OF MUTUAL FUND 1

'& #ORKING OF MUTUAL FUND '"

(& MUTUAL FUND IN INDIA ((

!& RELIANCE MUTUAL FUND )s& UTI MUTUAL FUND (*

"& MUTUAL FUND )s& OTHER IN$ESTMENT +

+& FUTURE PROSPECT OF MUTUAL FUNDS IN INDIA +*

MF JARGON +,

CONCLUSION +-

BIBLOGRAPHY *

7


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Chapter: 1

INTRODUCTION OF MUTUAL FUND

There are a lot of in


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#. S0023 M4345 F4nd6

The risk return trade"off indicates that if in


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HISTORY OF MUTUAL FUNDS IN INDIA:

The mutual fund industry in India started in 'DL with the formation of 0nit Trust of

India: at the initiati


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The 'DD /,BI (Mutual Fund 1eulations were substituted by a more com;rehensi


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T.0 ;


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AD$ANTAGES OF MUTUAL FUNDS:

If mutual funds are emerin as the fa


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!& R0d423ion O? T


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-& #0 R0;4530d:

All Mutual Funds are reistered with /,BI and they function within the ;ro


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A


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TYPES OF MUTUAL FUNDS SCHEMES IN INDIA

-ide


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A& BY STRUCTURE

1& O=0n 8 End0d S2.0m0s:

An o;en"end fund is one that is a


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B& BY NATURE

1& E4i3 F4nd:

These funds in


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S.o


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C& BY IN$ESTMENT OBJECTI$E:

G3. S2.0m0s:

$rowth /chemes are also known as e@uity schemes. The aim of these schemes is to

;ro


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A No"5oad Fund is one that does not chare a commission for entry or eit. That is: no

commission is ;ayable on ;urchase or sale of units in the fund. The ad


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NET ASSET $ALUE 9NA$:

/ince each owner is a ;art owner of a mutual fund: it is necessary to establish the


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MUTUAL FUND FEES AND E%PENSES

Mutual fund fees and e;enses are chares that may be incurred by in


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Account fees are fees that some funds se;arately im;ose on in


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B52@80nd o5d:

Also known as eferred %ales 'harge: this is a fee ;aid when shares are sold. Also

known as a =back"end load:= this fee ty;ically oes to the brokersthat sell the fund>s shares. The

amount of this ty;e of load will de;end on how lon the ins similar to a back"end load in that no sales chares are ;aid when buyin the fund.

Instead a back"end load may be chared if the shares ;urchased are sold within a i


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SELECTION PARAMETERS FOR MUTUAL FUND

Yo4< o023i)0:

The first ;oint to note before in


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Also: Morninstar rates mutual funds. ,ach year end: many financial ;ublications list the

year>s best ;erformin mutual funds. Naturally: s a bi mistake. 1emember: chanin market conditions

make it rare that last year>s to; ;erformer re;eats that rankin for the current year. Mutual fund

in


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RISK FACTORS OF MUTUAL FUNDS!

*+ T.0 Ris@8R034


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when inflation rows faster than the return on your in


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Chapter: (

#ORKING OF MUTUAL FUNDS

The mutual fund collects money directly or throuh brokers from in


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STRUCTURE OF A MUTUAL FUND:

India has a leal framework within which Mutual Fund ha


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As ;er the /,BI reulations: for the ;erson to @ualify as a s;onsor: he must contribute at

least ) of the net worth of the Asset Manaement +om;any and ;ossesses a sound financial

track record o


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T.0 Ass03 M5n5;0m0n3 Com=5ni0s:

The role of an Asset Manaement +om;any (AM+ is to act as the in


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;lays an im;ortant role to determine @uality of ser


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SEBI REGULATIONS!

As far as mutual funds are concerned: /,BI formulates ;olicies and reulates the mutual

funds to ;rotect the interest of the in


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ASSOCIATION OF MUTUAL FUNDS IN INDIA 9AMFI:

-ith the increase in mutual fund ;layers in India: a need for mutual fund association in

India was enerated to function as a non";rofit oranisation. Association of Mutual Funds in

India (AMFI was incor;orated on CCnd Auust: 'DD*.

AMFI is an a;e body of all Asset Manaement +om;anies (AM+ which has been

reistered with /,BI. Till date all the AM+s are that ha


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AMFI undertakes all India awareness ;roramme for in


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Chapter: )

MUTUAL FUNDS IN INDIA

In 'DL: the day the conce;t of Mutual Fund took birth in India. 0nit Trust of India

in


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restrictions into the market: introduction of o;en"ended funds: and ;a


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MUTUAL FUND COMPANIES IN INDIA:

The conce;t of mutual funds in India dates back to the year 'DL. The era between 'DL

and 'DE marked the eistance of only one mutual fund com;any in India with 1s. Lbn assets

under manaement (A0M: by the end of its mono;oly era: the 0nit Trust of India (0TI. By the

end of the Es decade: few other mutual fund com;anies in India took their ;osition in mutual

fund market.

The new entries of mutual fund com;anies in India were /BI Mutual Fund: +anbank

Mutual Fund: Punjab National Bank Mutual Fund: Indian Bank Mutual Fund: Bank of India

Mutual Fund.

The succeedin decade showed a new horiHon in Indian mutual fund industry. By the end

of 'DD: the total A0M of the industry was 1s. ).) bn. The ;ri


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For the first time in the history of Indian mutual fund industry: 0nit Trust of India Mutual

Fund has sli;;ed from the first slot. ,arlier: in May CL: the Prudential I+I+I Mutual Fund was

ranked at the number one slot in terms of total assets.

In the


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Chapter: *

RELIANCE MUTUAL FUND $s UTI MUTUAL FUND

RELIANCE MUTUAL FUND

1eliance Mutual Fund (1MF was established as trust under Indian Trusts Act: 'EEC. The

s;onsor of 1MF is 1eliance +a;ital 5imited and 1eliance +a;ital Trustee +o. 5imited is the

Trustee. It was reistered on &une : 'DD* as 1eliance +a;ital Mutual Fund which was chaned

on March '': C). 1eliance Mutual Fund was formed for launchin of


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In)0s3m0n3 M5n5;0< :1eliance +a;ital Asset Manaement 5imited.

The /;onsor: the Trustee and the In


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SCHEMES

A& EUITY/GRO#TH SCHEMES:

The aim of rowth funds is to ;ro


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the secondary objecti


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*& R0i5n20 T5 S5)0< 9ELSS F4nd 9O=0n8End0d E4i3:

The ;rimary objecti


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1'& R0i5n20 Lon; T0


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1& R0i5n20 Mon3. In2om0 P5n :

(An 2;en ,nded Fund: Monthly Income is not assured ? is subject to the a


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Accordinly: in


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(An 2;en"ended Income /cheme The in


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1,& R0i5n20 Fi0d Ho


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1& R0i5n20 B5n@in; F4nd!

1eliance Mutual Fund has an 2;en",nded Bankin /ector /cheme which has the

;rimary in


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UNIT TRUST OF INDIA MUTUAL FUND

>Uni3 T


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This com;any runs two successful funds with lare international in


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SCHEMES

A& EUITY FUND

1& UTI En0


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"& UTI E4i3 T5 S5)in;s P5n 9O=0n End0d F4nd:

An o;en"ended e@uity fund in


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1& UTI M5s30< P4s Uni3 S2.0m0 9O=0n End0d F4nd:

An o;en"ended e@uity fund with an objecti


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1+& UTI MNC F4nd 9O=0n End0d F4nd:

An o;en"ended e@uity fund with the objecti


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'1& UTI SPREAD F4nd 9O=0n End0d F4nd:

The in


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To endea


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(& UTI R03i


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'& UTI Fo53in; R530 F4nd STP 9O=0n End0d F4nd:

To enerate reular income throuh in


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,& UTI Mon3. In2om0 S2.0m0 9O=0n End0d F4nd:

This is an o;en"end debt oriented scheme with no assured returns. The scheme aims

at distributin income: if any: ;eriodically.

-& UTI Mis Ad)5n35;0 P5n 9O=0n End0d F4nd:

,ndea


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RELIANCE MUTUAL FUND UTI MUTUAL FUND

-hen /tartedQ ,stablished in 'DD*:+urrently: number one com;any in

India.

,stablished in 'DL).First mutual fund com;any in

India

4ow they came intobusiness

1eistered with /,BI as trust underIndian Trusts Act: 'EEC

By the 0TI Act ;assed by theParliament in 'DL.

Minimum in


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Is any other


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Chapter: +

MUTUAL FUNDS $S& OTHER IN$ESTMENTS

F


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Com=5n Fi0d D0=osi3s )0


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70


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B5n@ Fi0d D0=osi3s )0


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Bonds 5nd D00n34


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E4i3 )0s


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Ad)5n35;0s O? S3o2@ O)0< M4345 F4nds6

The o;;osite of the di


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Li?0 Ins4


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FUTURE PROSPECT OF MUTUAL FUNDS IN INDIA

Financial e;erts belie


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MF JARGON

N03 Ass03 $5409NA$

Net Asset 3alue is the market


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CONCLUSION

Mutual Funds now re;resent ;erha;s most a;;ro;riate in


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NEWS PAPERS

REFERENCE BOOK:

FINAN+IA5 MA17,T AN# /,13I+,/

"$ordon and Natarajan

OUTLOOK MONEY

TELEVISION CHANNEL (CNBC)

MUTUAL FUND HAND BOOK

FACT SHEET AND STATEMENT

WEBSITES:-

www.utimf.com

www.reliancemutual.com

www.amfiindia.com###&SBIMF&COM

###&MONEYCONTROL&COM

###&AMFIINDIA&COM

###& MUTUALFUNDSINDIA&COM

>>>&NSE&2om
http://www.utimf.com/http://www.reliancemutual.com/http://www.sbimf.com/http://www.moneycontrol.com/http://www.amfiindia.com/http://www.utimf.com/http://www.reliancemutual.com/http://www.sbimf.com/http://www.moneycontrol.com/http://www.amfiindia.com/

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Major mutual funds in India - A project by Mohammad ikram bukhari