Beruflich Dokumente
Kultur Dokumente
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Contents
Introduction To Topic
Introduction to Companies
Page No.
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11
Review of literature
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Need/Scope of Study
0bjective of the study
Research Methodology
Analysis
Findings
Limitations
Recommendations
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Conclusion
Bibliography
Annexure
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Introduction to Topic
Types of
Mutual Fund
Structure
Open Ended
Investment
objective
Growth
Close
Income
Internal
Balanced
Special schemes
Industry specific
Specific
Index schemes
Sector schemes
Money Market
Diversification.
Professional Management.
Liquidity (mainly in case of opened mutual funds).
Regulatory.
Convenience.
Low cost.
Reduction of transaction cost.
Diverse returns.
Advantages to Industrial concern.
Tax relief.
Attract foreign Capital.
Reduction / Diversification of risk.
No guaranties.
Fees & Commission.
Taxes.
Management Risk.
Introduction to Companies
Equity funds.
Balanced funds.
Debt funds.
Liquid funds.
Equity funds.
Balanced funds.
Debt funds.
Liquid funds.
Childrens gift fund
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10
Review of Literature
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COMPANY PROFILE
ICICI Bank is India's second-largest bank with total assets of about Rs. 1
trillion and a network of about 540 branches and offices and over 1,000
ATMs. ICICI Bank offers a wide range of banking products and financial
services to corporate and retail customers through a variety of delivery
channels and through its specialized subsidiaries and affiliates in the areas
of investment banking, life and non-Banking , venture capital, asset
management and information technology. ICICI Bank's equity shares are
listed in India on stock exchanges at Chennai, Muzaffarnagar, Kolkata and
Vadodara, the Stock Exchange, Mumbai and the National Stock Exchange
of India Limited and its American Depositary Receipts (ADRs) are listed on
the New York Stock Exchange (NYSE).
HDFC Banks exposure to market risk a function of its trading and asset
and liability management activities and its role as a financial intermediary
in customer-related transactions. HDFC had tried its best in mutual fund sector. It has
grown up its market share in a meanwhile time. The objective of market risk management
is to minimize the impact of losses due to market risks on earning and equity capital.
Source:- www.sribd.com
www.artclenich.com
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Need of study
Scope of study
Objectives of study
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Objectives
.
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Research Methodology
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Research refers to search for knowledge. One can also define research as a scientific and
systematic search for pertinent information on a specific topic. It is an art of scientific
investigation.
Research Methodology:It is the way to systematically solve a problem. The methodology adopted in this
study is explained below: Research Design
A. Problem Defining:
In a competitive situation with multiple mutual funds
operating in Indian market, it is necessary to know about the performance
of different mutual funds as the performance of mutual fund decides about
the future of Mutual Fund Company. In this study my focus is upon
performance of investors regarding HDFC &ICICI. This is my problem to
be studied for research.
B. Literature Survey:
I have used newspapers, magazines related to business &
finance & apart from websites.
C. Type of research:
The research is qualitative & descriptive in nature. Qualitative
research is that talk about the quality of the subject to be researched and
Descriptive research is one that describes things as exists in present.
D. Data collection Design:
I. Sources of data =
Primary Sources I have used questionnaire as primary
source for collecting data for my study.
Secondary sources I had collected my secondary data
from websites & journals.
II. Sampling =
It represents whole population. It is the processes of
choosing a sample from whole population .I have choose a sample
of high class & middle class people who have invested in mutual
funds as a sample.
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III. Tools =
I have used some charts (Pie chart, column chart, cylinder
chart, cone chart) and hypothesis tests (chi-square one sample Ttest etc.)
IV. Sampling Size =
It represents that how many candidates youve chosen to
be filled up your questionnaire or candidates upon whom you can
study. I had chosen sample of 100 candidates.
V. Sampling Techniques =
Deliberate &
Convenience Sampling.
VI. Data Interpretation =
Data interpretation is that in which we analysis the whole
collected data & tries to give it in simple words to be
understandable.
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Analysis
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YES
100
NO
120
100
100
80
60
YES
NO
40
20
0
Interpretation:All the candidates who are asked to fill the questionnaire have invested in mutual fund.
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HDFC
65
ICICI
35
Reliance
SBI
LIC
Kotak Mahindra
Others
70
65
60
50
40
HDFC
35
ICICI Reliance
SBI LIC
30
20
10
0
Interpretation:
Out of 100 candidates up to 65have invested in mutual fund with HDFC & 35 have
invested with ICICI. There is no investor who have invested in mutual fund with any
another company.
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VAR00001
Observed N
HDFC
ICICI
Total
Expected N
Residual
65
50.0
15.0
35
50.0
-15.0
100
Test Statistics
VAR00001
Chi-Square
9.000a
df
Asymp. Sig.
1
.003
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8
15-25
25-35
12
35-45
60
More than 45
20
60
60
50
40
30
15-25
25-35
35-45
More than 45
20
20
12
8
10
0
Interpretation:
60 investors are of age between 35-45. 20 are of age more than 45. 12 are of between of
25-35. 8 are of 15-25. This data shows that many investors are of middle age & there are
less investors of young age in mutual fund.
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One-Sample Statistics
Mean
Std. Deviation
VAR00001
100
2.9200
.80000
.08000
One-Sample Test
Test Value = 0
df
36.500
99
.000
2.92000
Lower
2.7613
Upper
3.0787
1 lakh
2-4 lakh
10
4-5 lakh
20
More than 5
70
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70
70
60
50
40 1 lakh
2-4 lakh
30
4-5 lakh
More than 5
20
20
10
10
0
Interpretation:
Up to 70 investors have income more than 5 lakh. 20 have between 4-5 lakh.10 investors
have income between 2-4 lakh & there is no investor who have income up to 1akh.
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VAR00001
Observed N
1 lakh
Expected N
Residual
25.0
-17.0
2-4 lakh
12
25.0
-13.0
4-5 lakh
60
25.0
35.0
more than 5
20
25.0
-5.0
Total
100
Test Statistics
VAR00001
68.320a
Chi-Square
df
Asymp. Sig.
.000
5. From where you come to know about this companys mutual fund schemes?
35
40
Company employee
15
Others
10
25
40
35
40
35
25
15
20
10
15
10
5
0
Interpretation:
Many investors (up to 40) have been come to know about the company to be invested by
their friends & peers.35 have been known by their family & relatives .15have been come
to know by company employees & 10 by others. This means many have come to know
by their friends & peers.
VAR00001
Observed N
Expected N
Residual
35
25.0
10.0
40
25.0
15.0
Company employee
15
25.0
-10.0
Others
10
25.0
-15.0
Total
100
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VAR00001
Observed N
Expected N
Residual
35
25.0
10.0
40
25.0
15.0
Company employee
15
25.0
-10.0
Others
10
25.0
-15.0
Total
100
0-1 year
15
1-2 year
35
2-4year
30
more than 4
20
27
35
35
30
30
25
20
20 0-1 year 15
1-2 year
2-4year
more than 4
15
10
5
0
Interpretation:
15 investors have time of investment less than one year. 20 have time duration of their
investment between of 1-2 year. 30 have between 2-4 year & 35 have more than 4 years.
So, we can say that 35 investors have more experience than others.
VAR00001
Observed N
Expected N
Residual
0-1 year
15
25.0
-10.0
1-2 year
Test Statistics
35
25.0
10.0
2-4 year
30
Chi-Square
more than 4
df
Total
Asymp. Sig.
VAR00001
25.0
5.0
a
20
100
25.0
10.000
-5.0
.019
28
Highly satisfied
15
Satisfied
35
Neutral
30
Dissatisfied
15
Highly Dissatisfied
29
35
35
30
30
25
Highly satisfied
20
Satisfied
15
Neutral
Dissatisfied
15
15
10 Highly Dissatisfied
5
0
Response
Interpretation:
Out of 100 investors 15 are highly satisfied. 35 are satisfied. 30 are neutral towards
employee behavior of a company. 15 are dissatisfied. 5 are highly dissatisfied. We say
that many people are satisfied by employee behavior.
VAR00002
Observed N
Expected N
Residual
highly satisfied
15
20.0
-5.0
satisfied
35
20.0
15.0
neutral
30
20.0
10.0
dissatisfied
15
20.0
-5.0
20.0
-15.0
highly dissatisfied
Total
100
30
Test Statistics
VAR00002
Chi-Square
30.000a
df
Asymp. Sig.
.000
Innovator
20
Moderate
65
Risk adverse
15
31
65
70
60
50
40
30
20
15
20
10
0
Innovator
Moderate
Risk adverse
Interpretation:
20% investors are innovator means they like to take risk for more returns. 15% are
moderate towards risk means they are indifferent towards risk. 65% are risk adverse
means they mainly try to avoid risk.
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VAR00002
Observed N
innovator
moderate
risk adverse
Total
Expected N
Residual
20
33.3
-13.3
65
33.3
31.7
15
33.3
-18.3
100
Test Statistics
VAR00002
45.500a
Chi-Square
df
Asymp. Sig.
.000
9. What you feel about the company norms, documentation & formalities?
Highly Satisfied
15
Satisfied
25
Neutral
40
Dissatisfied
15
Highly dissatisfied
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VAR00002
Observed N
Expected N
Residual
highly satisfied
15
20.0
-5.0
satisfied
25
20.0
5.0
neutral
40
20.0
20.0
dissatisfied
15
20.0
-5.0
20.0
-15.0
highly dissatisfied
Total
100
5%
Highly Satisfied
15%
15%
Satisfied
Neutral
25%
Dissatisfied
40%
Highly
Dissatisfied
Interpretation:
15% investors are highly satisfied by companys documentation policy (filling up the
forms etc.). 25% are satisfied, 40% never cares about it or are moderate towards it , 15%
are dissatisfied by it & 5% are highly dissatisfied.
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Test Statistics
VAR00002
Chi-Square
35.000a
df
Asymp. Sig.
.000
HDFC
68
ICICI
32
35
68
70
60
50
32
HDFC
40
ICICI
30
20
10
0
Interpretation:
According to collected data 68 investors thinks that HDFC provides better returns where
as 32 to think that ICICI provides better returns.
VAR00001
Observed N
HDFC
ICICI
Total
Expected N
Residual
68
50.0
18.0
32
50.0
-18.0
100
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Test Statistics
VAR00001
Chi-Square
12.960a
df
Asymp. Sig.
1
.000
11. Would you like to exchange your investment with one another between
HDFC & ICICI?
37
Yes
15
No
85
85
90
80
70
60
50
Yes
No
40
30
15
20
10
0
Interpretation:
15 investors said that they would like to change their investment with each another
between HDFC & ICICI. But 85 investors say that they are ok with their companies and
they wouldnt like to exchange their investment.
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VAR00001
Observed N
Yes
No
Expected N
Residual
15
50.0
-35.0
85
50.0
35.0
Test Statistics
Total
100
Chi-Square
VAR00001
49.000a
df
Asymp. Sig.
1
.000
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Findings
Limitations
Recommendations
Conclusion
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Findings: - In my research I have founded following things: Investors have more faith HDFCs mutual fund.
As the age increases investors are much satisfied, see more risk & become
more risk adverse.
Old people &Widows prefer lower risk.
Investors are not highly satisfied by company rules & employee behavior.
Investors think that HDFC provides better returns than ICICI.
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Conclusion: - To conclude we can say that mutual fund is a very much profitable tool for
investment because of its low cost of acquiring fund, tax benefit, and diversification of
profits & reduction of risk. Many investors who have invested in mutual fund have
invested with HDFC and them also thinks that it provides better returns than ICICI .There
is also an affect of age on mutual fund investors like; old people & widows want regular
returns than capital appreciation. Companies can adopt new techniques to attract more &
more investors. In my study I was suppose to do comparative analyses the mutual fund of
HDFC &ICICI and I had found that people consider HDFC better than ICICI. But ICICI
have also respondents and it can increase its investors by improving itself in some terms.
To conclude we can say mutual fund is a best investment vehicle for old &
widow, as well as to those who want regular returns on their investment.
Mutual fund is also better and preferable for those who want their capital
appreciation.
Both the companies are doing considerable achievements in mutual fund industry.
There are also so many competitors involved those affects on both companies.
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Bibliography
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Annexure
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Annexure
Name ________________________ Age _________
Adress_____________________________________
Pin ___________ Sex _________ Phone _________
1. Do you invest in mutual fund?
Yes
No
ICICI
Reliance
LIC
SBI
Kotak Mahindra
Others
Please specify
3. What is your age?
15.25
35-45
25-35
above 45
2 - 4lakh
4-5 lakh
more than 5
5. From where you come to know about this companys mutual fund schemes?
Family members & relatives
Friends & peers
Companyemplooyes
Others
Please specify
.
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1-2 year
2-4year
more than 4 .
ICICI
11. Would you like to exchange your investment with one another between HDFC &
ICICI?
YES
NO
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