BONAFIDE CERTIFICATE

Certified that this project report titled A COMPARATIVE ANALYSIS OF PERFORMANCE OF MUTUAL FUNDS BETWEEN PRIVATE AND PUBLIC SECTORS is the bonafide work of Ms. K. S. NEMAVATHI who carried out the research under my supervision. Certified further, that to the best of my knowledge the work reported herein does not form part of any other project report or dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or any other candidate.

Supervisor

Director

Vivavoce held on __________

Internal Examiner

External Examiner

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ABSTRACT

This project is undertaken to study the A comparative analysis of performance of MF between private and public sectors this study has concentrated on the preference for various asset management companies and past performance.

The important objectives of this study is to compare the index with market returns. This project also helps in evaluating the performance of the funds based on market risk and to find the market growth.

Descriptive Statistics was used for the analysis of the data collected. Through analysis it was found that majority of the investors have selected Mutual funds as the best mode of investment and they opted for growth scheme. The main factors that any investor looks for are low risk with moderate returns. When selecting the asset management company they gave preference to products of Reliance Mutual fund and LIC Mutual fund.

The data were tabulated and analysed by using appropriate financial tools such as Treynor, Sharpe, Jensen method and based on this conclusions were drawn.

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ACKNOWLEDGEMENT
I here by acknowledge my sincere gratitude to the Kongu Institute of technology trust and Dr. A.M. NATARAJAN B.E., M.Sc(Engg)., Ph.D., Principal, Kongu Engineering college and the Management for giving me an opportunity to undergo M.B.A Degree course and to undertake this Project work.

I owe my sincere thanks to Prof. P. SURESH KUMAR M.SC., (Agri), MBA, Director, Department of Management Studies whose Guidance made this project an enlightening educational experience.

I express my deep sense of gratitude to Mr. V. KANNAN, M.Sc., M.B.A., faculty in the department of Management Studies for his extraordinary guidance which helped me to complete this study successfully.

I am extremely thankful to KARVY STOCK BROKING LIMITED for permitting me to do this project. I wish to convey my gratitude to

Mr. S. RAMACHANDRAN, Vice president, Regional head, Coimbatore, and Mr. T. PRADHEEP, Branch Head, Gobichettipalayam, who encouraged and helped with timely details during the project course.

Finally I extend my personal thanks to my family and friends for helping me to complete this project work.

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CONTENTS
CHAPTER NO. PAGE NO. vii viii 1 2 6 9 9 10 10 11 12 13 18 18 18 20 92 92 93 94

PARTICULARS LIST OF TABLES LIST OF FIGURES

INTRODUCTION 1.1 Industrial Profile 1.2 Company Profile

STATEMENT OF THE PROBLEM, SCOPE OF THE STUDY, OBJECTIVES, LIMITATIONS AND METHODOLOGY OF THE STUDY 2.1 Statement of the Problem 2.2 Scope of the Study 2.3 Objectives of the Study 2.4 Limitation of the Study 2.5 Methodology of the Study 2.6 Tools used for Analysis

REVIEW OF LITERATURE 3.1 Methodology of the Study 3.2 Results of the Study

4 5

DATA ANALYSIS AND INTERPRETATION SUMMARY OF FINDINGS, SUGGESTIONS AND CONCLUSION 5.1 Findings 5.2 Suggestions 5.3 Conclusions APPENDIX REFERENCES

vii LIST OF TABLES TABLE NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 PAGE NO. 20 23 26 29 32 35 38 41 44 47 50 53 56 59 62 65 68 71 74 77 80 83 86 89 90 91

PARTICULARS Escorts Growth plan Escorts income bond Escorts Income Plan Escorts Tax Plan Escorts Balanced Fund GIC Growth Plus II GIC DMAT GIC Fortune 94 LIC MF Equity Fund LIC MF Bond Fund LIC MF Govt. Security Fund LIC - MF Growth Fund ING Financial Kotak Gilt Kotak Opportunities Kotak Bond Fund Kotak Tech Kotak MNC JM Equity Fund JM Balanced Fund JM Basic Fund Taurus Star Share Reliance Retail Plan Fund Ranking Sharpe Method Treyners Method Jensens Method

LIST OF FIGURES FIGURES NO. 1 2 3 4 5 6 PAGE NO. 22 25 28 31 34 37

PARTICULARS Escorts Growth plan Escorts income bond Escorts Income Plan Escorts Tax Plan Escorts Balanced Fund GIC Growth Plus II

viii FIGURES NO. 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 PAGE NO. 40 43 46 49 52 55 58 61 64 67 70 73 76 79 82 85 88

PARTICULARS GIC DMAT GIC Fortune 94 LIC MF Equity Fund LIC MF Bond Fund LIC MF Govt. Security Fund LIC - MF Growth Fund ING Financial Kotak Gilt Kotak Opportunities Kotak Bond Fund Kotak Tech Kotak MNC JM Equity Fund JM Balanced Fund JM Basic Fund Taurus Star Share Reliance Retail Plan Fund