Terisa Mary 15210113

Contents
EXECUTIVE SUMMARY ............................................................................................................ 2

CHAPTER I ORGANISATION STUDY ...................................................................................... 3
1.1 INDUSTRY PROFILE ......................................................................................................... 4
1.2 COMPANY PROFILE ......................................................................................................... 6
About Hedge Equities ............................................................................................................. 6
Business Verticals ................................................................................................................... 8
Services Offered: .................................................................................................................... 9
Functional Departments ........................................................................................................ 11
CHAPTER-II PROBLEM FORMULATION .............................................................................. 13
2.1 TITLE OF THE STUDY ............................................................................................ 14
2.2 BACKGROUND OF THE STUDY ........................................................................... 14
2.3 MUTUAL FUND AND TYPES OF MUTUAL FUND............................................. 15
2.4 METHODS FOR CALCULATING RISK ................................................................. 17
CHAPTER-III RESEARCH PROCESS ....................................................................................... 21
3.1OBJECTIVES .............................................................................................................. 22
3.2 SCOPE OF THE STUDY ........................................................................................... 22
3.3 RESEARCH METHODOLOGY................................................................................ 22
3.4 SOURCES OF DATA ................................................................................................ 22
3.5 DATA PROCESSING AND ANALYSIS PLAN ...................................................... 23
3.6 LIMITATIONS OF THE STUDY.............................................................................. 23
CHAPTER-IV DATA ANALYSIS & INTERPRETATIONS..................................................... 24
4.1 FRANKLIN INDIA OPPORTUNITIES FUND- GROWTH (G) .............................. 25
4.2 HDFC BALANCED FUND ....................................................................................... 33
4.3 ICICI PRUDENTIAL BALANCED ADVANTAGE FUND .................................... 41
4.4 L&T MID CAP FUND – GROWTH.......................................................................... 49
4.6 UTI MID CAP FUND - GROWTH............................................................................ 57
CHAPTER V SUGGESTIONS .................................................................................................... 76
BIBLIOGRAPHY ......................................................................................................................... 78
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EXECUTIVE SUMMARY
An investment is an asset or item that is purchased with the hope that it will generate income or
will appreciate in the future. In an economic sense, an investment is the purchase of goods that are
not consumed today but are used in the future to create wealth. There are many types of
investments and investing styles to choose from. Mutual funds, ETFs, individual stocks and bonds,
closed-end mutual funds, real estate, various alternative investments and owning all or part of a
business are just a few examples.
Saving and investments are different. Saving is defined as personal disposable income minus
personal consumption expenditure. In other words, income that is not consumed by immediately
buying goods and services is saved. Other kinds of saving can occur, as with corporate retained
earnings (profits minus dividend and tax payments) and a government budget surplus. Investment
is the production per unit time of goods which are not consumed but are to be used for future
production. These assets represent postponed consumption that is; people invest in assets because
they expect these assets to deliver goods and services in the future. Therefore, investment is the
flow into this stock of capital goods and thus, investment is nothing but is the addition, over some
time period, to the real capital stock. In other words, capital is a stock which is measured at a point
in time whereas investment is flow over a period of time which augment the stock of capital and
add to the overall productive capacity.
This study deals with various types of Mutual Funds that exist to cater to different needs of
different people based on their objectives. And the study was held at Hedge Equities. Hedge
equities is one of the leading Financial services company in Kerala, specialized in offering a wide
range of financial products, tailor made to suit individual needs. It exist to serve and meet the
customer’s needs. Hedge focus is to create an ethical and sustainable financial services platform
that places customer’s unique needs over and above everything else.
The study focuses on To study different mutual fund investment and its performance in detail and
give a brief idea about the benefits available from mutual fund investment. It also compares the
risk and return of a particular mutual fund with market returns and compare the returns of
Systematic Investment plan and Lump Sum Plan in mutual fund and their advantages. For this
secondary data has been used.
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CHAPTER I
ORGANISATION STUDY
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1.1 INDUSTRY PROFILE
AN OVERVIEW OF FINANCIAL SERVICES INDUSTRY
The Indian financial services industry has undergone a metamorphosis since1990. Before its
emergence the commercial banks and other financial institutions dominated the field and they met
the financial needs of the Indian industry. It was only after the economic liberalization that the
financial service sector gained some prominence. Now this sector has developed into an industry.
In fact, one of the world’s largest industries today is the financial services industry.
Financial service is an essential segment of financial system. Financial services are the foundation
of a modern economy. The financial service sector is indispensable for the prosperity of a nation.
Meaning of Financial Services
In general, all types of activities which are of financial nature may be regarded as financial
services. In a broad sense, the term financial services means mobilization and allocation of savings.
Thus, it includes all activities involved in the transformation of savings into investment. Financial
services refer to services provided by the finance industry. The finance industry consists of a broad
range of organizations that deal with the management of money. These organizations include
banks, credit card companies, insurance companies, consumer finance companies, stock brokers,
investment funds and some government sponsored enterprises. Financial services may be defined
as the products and services offered by financial institutions for the facilitation of various financial
transactions and other related activities. Financial services can also be called financial
intermediation. Financial intermediation is a process by which funds are mobilized from a large
number of savers and make them available to all those who are in need of it and particularly to
corporate customers. There are various institutions which render financial services. Some of the
institutions are banks, investment companies, accounting firms, financial institutions, merchant
banks, leasing companies, venture capital companies, factoring companies, mutual funds etc.
These institutions provide variety of services to corporate enterprises. Such services are called
financial services. Thus, services rendered by financial service organizations to industrial
enterprises and to ultimate consumer markets are called financial services. These are the services
and facilities required for the smooth operation of the financial markets. In short, services provided
by financial intermediaries are called financial services.
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Functions of financial services
1. Facilitating transactions (exchange of goods and services) in the economy.

2. Mobilizing savings (for which the outlets would otherwise be much more limited).
3. Allocating capital funds (notably to finance productive investment).
4. Monitoring managers (so that the funds allocated will be spent as envisaged).
5. Transforming risk (reducing it through aggregation and enabling it to be carried by those
more willing to bear it).
Scope of Financial Services
The scope of financial services is very wide. This is because it covers a wide range of services.
The financial services can be broadly classified into two:
a) Fund based services and

b) Non-fund services (or fee-based services)
FINANCIAL SERVICES INDUSTRY IN INDIA
India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises
commercial banks, insurance companies, non-banking financial companies, co-operatives,
pension funds, mutual funds and other smaller financial entities. The financial sector in India is
predominantly a banking sector with commercial banks accounting for more than 60 per cent of
the total assets held by the financial system. India's services sector has always served the country’s
economy well, accounting for about 57 per cent of the gross domestic product (GDP). The
Government of India has introduced reforms to liberalize, regulate and enhance this industry. At
present, India is undoubtedly one of the world's most vibrant capital markets. Challenges remain,
but the future of the sector looks good. The advent of technology has also aided the growth of the
industry. About 75 per cent of the insurance policies sold by 2020 would, in one way or another,
be influenced by digital channels during the pre-purchase, purchase or renewal stages,as per a
report by Boston Consulting Group (BCG) and Google India.
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1.2 COMPANY PROFILE
ABOUT HEDGE EQUITIES
Hedge equities is one of the leading Financial services company in Kerala, specialized in offering
a wide range of financial products, tailor made to suit individual needs. As a first step to make
their presence Global, Hedge equities have initiated operations in Middle East to cater to the vast
Non Resident Indian (NRI) population in that region. Ever since their inception, they have spanned
their presence all over India through their Meticulous Research, High Brand awareness,
Intellectual Management and Extensive Industry knowledge. Hedges believe in creating a new
breed of investors who take judicious decisions through them.
Vision:
Ever since its inception, Hedge equities have been a household name among the masses owing our
success to timely Professional financial assistance to our clients. This aptly articulates our vision
of ‘Evolving into a financial supermarket which will be a one stop shop for all financial solutions’.
Mission:
To create an ethical and sustainable financial services are platform for our customers and partner
them to build business, to provide employees with meaningful work, self-development and
progression, and to achieve a consistent and competitive growth in profit and earnings for our
shareholders and staff.
The Hedge promise
 To Customers: To exist to serve and meet the customer’s needs. Hedge focus is to create an
ethical and sustainable financial services platform that places customer’s unique needs over
and above everything else.
 To Employees: Hedge will provide our employees with a meaningful and rewarding career
with emphasis on self-development and career progression.
 To Shareholders: Hedge will spare no efforts to achieve a consistent and competitive growth
in earnings and profitability.
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The Hedge Advantage
 At Hedge Equities, the needs of Customers stand before everything else.

 SEBI Registered Portfolio Manager with a dedicated Wealth Management Services desk that
aims to provide objective guidance tailored to meet each customer’s individual needs.
 Strong Research Team backed with best of breed data mining and analysis.
 Industry leading technology solutions that make portfolio administration simpler and cost
effective.
 A Global Outlook blended with a Local Flavor and backed with a growing network of over
120 service outlets, 450 qualified employees, and over 200 support associates.
 The Trust and Goodwill of over 20,000 satisfied customers.
 Member of BSE, NSE, MCX, MCXSX,NMC, and Depository Participant in CDSL
 Rated as the top brand by the investor community of Asianet channel
The Promoters
 FedEx securities
 Baby Marine Exports
 Smart financial
 Thakker Group
 SM Hedge
 Padmashree Bharat Mohanlal
Top Management
Alex K Babu Managing Director
Bhuvanendran CEO
Bobby J Arakunnel COO
Mr. Mohanlal Director
Mr. Joy Arrackal Director
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Dr. Samuel George Director
Pradeep Kumar C Director
Business Verticals
Hedge Group consists of Hedge Equities, Hedge Commodities, Hedge Finance, Hedge school of
applied Economics etc.
 Hedge Equities:
Hedge Equities is one of the major entities under the Hedge Group. The venture
revolutionized and popularized share trading culture in Kerala. Today, Hedge Equities enjoys the
patronage of 35,000 satisfied customers who are reaping the benefits of professionally managed
portfolios.
 Hedge Commodity:
Hedge Commodities offers a viable platform to engage in futures trading in agricultural

and non-agricultural commodities. The in-depth knowledge of the Indian and world markets help
advisors to provide appropriate and timely assistance to customers. Commodities presently traded
at hedge are gold, silver, copper and platinum.
 Hedge Finance
Hedge finance has chalked out extensive, long term plans for the comprehensive growth of
the company. With parent company’s wide client base and advanced infrastructure, Hedge Finance
is heading towards achieving a loan book position of Rs. 100 Crore within the first three months
of operations.
Hedge equities a leading player in the financial markets is all set to leave its mark in the NBFC
sector with the launch of Hedge Finance. The Indian Non-Banking Finance Companies (NBFCs)
constitutes a reasonable big chunk of the country’s overall financial system. It is estimated that the
NBFCs as a whole accounts for 9.1% or Rs. 4 trillion of assets of the entire financial system in
India.
NBFC industry today is a more mature, developed and promising since the days of inception and
is destined to shape the future of India. It is in such a time that Hedge Finance has burst into the
scene and creating waves in the sector. Backed by Hedge Equities, which is a coming together of
over 25 years of unparalleled experience of business leaders in various industries, Hedge Finance
is all set to be one of the top Non-Banking Finance Company in the country.
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 Hedge School Of Applied Economics
Hedge School of Applied Economics (HSAE) is the first ever educational venture
dedicated to creating a class of high-end investment professionals across India. The faculty’s role
does not end with the program; continues to mentor interested candidates so that they stay abreast
and develop an ongoing understanding on the evolving dynamics in the financial markets. The
programs are designed for students, financial professionals and investors who would be the
advocates of smart investments. Scholarship opportunities are available to qualified candidates,
which are subjected to interviews and assessments of the course coordinators.
Corporate Social Responsibility
Being a responsible corporate citizen, Hedge equities has initiated a non-profit movement, “Hedge
Yuva”, which focuses on educating the masses about Stock Market. The movement has also
formulated various scholarship programs for young and dynamic youth.
Services Offered:
 Online trading: Hedge Equities has a large network of branches with online terminals of
NSE and BSE in the Capital market and Derivative segments. The clients are assured of
prompt order execution through dedicated phones and expert dealers at our offices.
 Internet Trading: Hedge Equities offers Internet trading through this site. You can trade
through the internet from the comforts of your office or home, anywhere in the world.
 Depository services: Hedge Equities is a member of the National Securities Depository

Limited (NSDL), offer depository services with minimum Annual Maintenance Charges
and transaction charges. Account holders can view their holding position through the
Internet.
 Derivative trading: Hedge offers trading in the futures and options segment of the
National Stock Exchange (NSE). Through the present derivative trading an investor can
take a short-term view on the market for up to a three months‟ perspective by paying a
small margin on the futures segment and a small premium in the options segment. In the
case of options, if the trade goes in the opposite direction the maximum loss will be limited
to the premium paid.
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 Knowledge Centre: Knowledge Centre activities are intended to provide systematic and
structured services mainly to new investors and also to young aspirant aiming for a career
in financial markets.
The Centre has three functional areas: the publication Division, the Training Centre, and wealth
management advisory service which provides complete investment solutions to investors through
knowledge based personalized service.
 Equity Research: Hedge Equities constantly strive to deliver insightful research to enable
pro-active investment decisions. The Research Department is broadly divided into two
divisions - Fundamental Analysis Group (FAG) and Technical Analysis Group (TAG).
Technical Analysis Group has predicts the market movements well in advance using
complex Analytical methods including Elliot Wave Theory.
 Commodity Trading: You can trade in commodity futures like gold, silver, crude oil,
rubber etc. and take advantage of the extended trading hours (10 am to 11 pm) in
commodities trading.
 Mutual Funds, Bonds etc.: We also offer Mutual Funds and Bonds. You can select from
a wide range of Mutual Funds and Bonds available in the markets today.
 Portfolio Management Services: Hedge Equities is a SEBI-approved portfolio manager

offering discretionary and nondiscretionary schemes to its clients. Hedge Equities‟
portfolio management team keeps track of the markets on a daily basis and is exposed to a
lot of information and analytic tools which an investor would not normally have access to.
 Currency Trading: Currency derivatives can be described as contracts between the sellers
and buyers, whose values are to be derived from the underlying assets, the currency
amounts. Any individual or corporate expecting to receive or pay certain amounts in
foreign currencies at future date can use these products to opt for a fixed rate - at which the
currencies can be exchanged now itself. An upfront premium is payable for buying a
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derivative. Currency Futures will bring in more transparency and efficiency in price
discovery, eliminate counterparty credit risk, provide access to all types of market
participants, offer standardized products and provide transparent trading platform.
Functional Departments
 Client relation Department

The client relation department assists the client or customer to open an account in Hedge
equities. This department is also known as the front office. A client has to open two types
of accounts to trade and own securities in the NSE & BSE. They are:
 Finance Department
Thus a department, to organize financial activities may be created under the direct control
of the board of directors. Finance manager will decide the major financial policy methods.
Lower levels can delegate the other routine activities.
 Marketing Department
The major functions of marketing department are:
 Business associate development: the company takes up the marketing activities of the
various branches. It ensures an efficient marketing arena at its various branches. The
company encourages better relations in its branches and promotes for the development
of various marketing strategies.
 Brand promotion: An important function of marketing department is to promote the

name of the company. Hedge equities do it through the different promotional activities.
The name of Hedge equities as a stock broking firm is made known to the outside world.
 Investment promotion: The main clients of Hedge equities were its investors. Hence
the marketing department tries to capture as many as possible to encourage them to
invest.
 Delivery promotion: Intraday trading is not always profitable and might involve a lot of
risk hence Hedge equities promotes for delivery where the shares are kept to be sold for
a later date after analyzing the profitability factors.
 Systems Department: The systems department is playing a vital role in the day to day
operations of the company. It is through the systems department that the clients can avail
the facilities of Internet trading. Optic fiber cables and high bandwidth connections from
the Hedge equities office to the ISP, a dedicated server and back-up ISDN connections
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were maintained directly by the systems department. For the purpose of trading they
have made use of two software namely ODIN (Open Dealers Integrated Network)
 Human resource Department: Human resource is often considered as the back of an

organization even in this age of advanced automation & mechanization. Since virtual
organizations are not very much popular in our part of the world, it is very important to
any organization to have a HR department. The presence of an excellent HR department
increases the efficiency of an organization considerably. Human resource management
is defined as asset of practices, policies and program designed to maximize both
personal and organizational goals.
 Grievance Handling: The grievances of the employees were received only through proper
channels ie; through the particular department heads. The HR department will make as per
the rules and regulations of the company.
 Trading Department: The department deals with the trading related activities of the
company. The trading refers to the buying & selling of shares. This department is the most
important part of the Organization. There are two types of trading. They are:
 Online Trading: These are the trading terminal of the organization. The each computer of
the department is termed as trading terminal. The each terminal is assigned with NCFM
certified dealers, who is in charge of each portal will do the trade according to the client
request. The terminal is managed by either NEAT (National Exchange for automated
trading) software or ODIN (Open Dealers Integrated Network) software.
 Internet Trading: The internet trading is a facility provides by the company in order to
trade the securities from his convenient place like his office, home etc, the order will be
placed by the client itself, and he can make changes before the trade is done for changing
the price, cancellation of the order.
 Delivery & Depository Department: Delivery refers to the shares that bought on a
particular day are not sold on that day itself and holding of the shares for an appreciation
in the value of the security and to trade it on a future date. Deliver instruction slip: it is a
slip the client should fill and gave to the dealer regarding the purchase of the share. There
are two procedures to move the shares namely,
 Equity Research Department: The function of the department is to study the details
regarding the share or security and to make predictions regarding the future performance
of the company. The types of approaches done in the department:
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CHAPTER-II
PROBLEM FORMULATION
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2.1 TITLE OF THE STUDY
The topic of the study is “A comparative study on systematic investment plan & lump sum
investment plan in mutual funds”. The study was held at The Hedge Equities, Kaloor from 1st April
17-31st March 17. This project was done to analyze the return an investor could get when he invests
in mutual fund through SIP and through lump sum.
2.2 BACKGROUND OF THE STUDY

Saving a part of one’s income is most essential for one’s own well-being as it acts as a safeguard
in time of need. When one put away a regular amount of money, it is best to invest it to maximize
the gain. There are a number of investment opportunities to do this. In today’s complex financial
market, it is becoming increasingly difficult to select the right investment avenues. Each
investment carries some risk and that it is vital to choose wisely. One make investment for a higher
return than what he can get by keeping the money in a commercial or cooperative bank or even in
investment bank. But the return is higher if the risk is also higher. Return and risk go together and
they have a trade-off. All investment is risky to some extent or other. The art of investment is to
see that the return is maximized with the minimum of risk, which is inherent in investment.
However locating risk relating to market volatility is not always possible. Hence there occurs a
need to maximize returns by spreading or averaging risk. Mutual funds professionally managed
financial instruments that involve the diversification of investment into a number of financial
products, such as shares, bonds and government securities. This helps to reduce investors risk
exposure, while increasing the profit potential. a mutual fund is a type of professionally managed
collective investment scheme that pools money from many investors to purchase securities. While
there is no legal definition for mutual fund, the term is most commonly applied only to those
collective investment schemes regularly available to the general public and open ended in nature.
Mutual funds are pools of money invested by an investment company on a number of securities
like stocks, bonds, or government securities. Because most mutual funds invest in a large number
of securities, they offer investors the benefit of diversification, which can help reduce market risk.
Investment to Mutual Funds could be made as Lump sum and in Systematic Investment Plan.
Lump sum is the one-time investment of a huge amount into Mutual Funds Schemes. A lump sum
amount is defined as a single complete sum of money. A lump sum investment is of the entire
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amount at one go. Usually big players and investors undertake lump sum investments especially
in those stocks related to assets that are likely to appreciate in the long run. But to get the right
benefit timing the market is most important.
A Systematic Investment Plan or SIP is a smart and hassle-free mode for investing money in
mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval
(weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments and helps you
inculcate the habit of saving and building wealth for the future. It has been observed that stocks
with good fundamentals are considered one of the best investment avenues. Historically
investment in equity stocks has given phenomenal returns amongst all the other asset classes if
investment was done with discipline and with long term time horizon. Selection of stocks and
decision of the right price to enter is an integral part of equity investment and this is the step where
most of the investors falter. Equity Systematic Investment Plan (SIP) is an instrument which helps
you avoid the risk of timing the markets and facilitate wealth creation in a disciplined manner by
averaging cost of Investments.
An investor can invest a pre-determined fixed amount in a scheme every month or quarterly,
depending on his convenience through post-dated cheques or through ECS (auto-debit) facility.
Investors need to fill up an Application form and SIP mandate form on which they need to indicate
their choice for the SIP date (on which the amount will be invested). Subsequent SIPs will be auto-
debited through a standing instruction given or post-dated cheques. The forms and cheques can be
submitted to the office of the Mutual Fund / Investor Service Centre or nearest service Centre of
the Registrar & Transfer Agent. The amount is invested at the closing Net Asset Value (NAV) of
the date of realization of the cheque.
2.3 MUTUAL FUND AND TYPES OF MUTUAL FUND
A mutual fund is a pool of money from numerous investors who wish to save or make money just
like you. Investing in a mutual fund can be a lot easier than buying and selling individual stocks
and bonds on your own. Investors can sell their shares when they want. Each fund's investments
are chosen and monitored by qualified professionals who use this money to create a portfolio. That
portfolio could consist of stocks, bonds, money market instruments or a combination of those. As
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an investor, you own shares of the mutual fund, not the individual securities. Mutual funds permit
you to invest small amounts of money, however much you would like, but even so, you can benefit
from being involved in a large pool of cash invested by other people. All shareholders share in the
fund’s gains and losses on an equal basis, proportionately to the amount they've invested. By
investing in mutual funds, you could diversify your portfolio across a large number of securities
so as to minimize risk. By spreading your money over numerous securities, which is what a mutual
fund does, you need not worry about the fluctuation of the individual securities in the fund's
portfolio.
There are many different types of mutual funds, each with its own set of goals. Depending on
investment objectives, funds can be broadly classified in the following 5 types:
1. Money market funds
These funds invest in short-term fixed income securities such as government bonds, treasury bills,
bankers’ acceptances, commercial paper and certificates of deposit. They are generally a safer
investment, but with a lower potential return then other types of mutual funds. Canadian money
market funds try to keep their net asset value (NAV) stable at $10 per security.
2. Fixed income funds

These funds buy investments that pay a fixed rate of return like government bonds, investment-
grade corporate bonds and high-yield corporate bonds. They aim to have money coming into the
fund on a regular basis, mostly through interest that the fund earns. High-yield corporate bond
funds are generally riskier than funds that hold government and investment-grade bonds.
3. Equity funds
These funds invest in stocks. These funds aim to grow faster than money market or fixed income
funds, so there is usually a higher risk that you could lose money. You can choose from different
types of equity funds including those that specialize in growth stocks (which don’t usually pay
dividends), income funds (which hold stocks that pay large dividends), value stocks, large-cap
stocks, mid-cap stocks, small-cap stocks, or combinations of these.
4. Balanced funds
These funds invest in a mix of equities and fixed income securities. They try to balance the aim of
achieving higher returns against the risk of losing money. Most of these funds follow a formula to
split money among the different types of investments. They tend to have more risk than fixed
income funds, but less risk than pure equity funds. Aggressive funds hold more equities and fewer
bonds, while conservative funds hold fewer equities relative to bonds.
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5. Index funds
These funds aim to track the performance of a specific index such as the S&P/TSX Composite
Index. The value of the mutual fund will go up or down as the index goes up or down. Index funds
typically have lower costs than actively managed mutual funds because the portfolio manager
doesn’t have to do as much research or make as many investment decisions.
Closed-End Funds-A closed-end fund has a fixed number of shares outstanding and operates for
a fixed duration (generally ranging from 3 to 15 years). The fund would be open for subscription
only during a specified period and there is an even balance of buyers and sellers, so someone would
have to be selling in order for you to be able to buy it.
Open-End Funds-An open-end fund is one that is available for subscription all through the year
and is not listed on the stock exchanges. The majority of mutual funds are open-end funds.
Investors have the flexibility to buy or sell any part of their investment at any time at a price linked
to the fund's Net Asset Value.
2.4 METHODS FOR CALCULATING RISK

1) Alpha: Alpha is a measure of an investment's performance on a risk-adjusted basis. It takes the
volatility (price risk) of asecurity or fund portfolio and compares its risk-adjusted performance to
a benchmark index. The excess return of the investment relative to the return of the benchmark
index is its "alpha." Simply stated, alpha is often considered to represent the value that a portfolio
manager adds or subtracts from a fund portfolio's return.
α = Ῡ- β ẋ
α = Measures the value of the dependent variable even when the independent variable has zero
value
β = constants
Ῡ = Mean value of the dependent variable scores.
ẋ = Mean value of the independent variable scores.

Computation: Alpha = {(Fund return-Risk free return) – (Funds beta) *(Benchmark return- risk
free return)}.
2) Beta:
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Beta Value: Beta, also known as the "beta coefficient," is a measure of the volatility of a particular
fund in comparison to the market as a whole, that is, the extent to which the fund's return is
impacted by market factors. Beta is calculated using a statistical tool called ‘regression analyses.
By definition, the market benchmark index of Sensex and Nifty has a beta of 1.0.
1. A beta of 1.0 indicates that the fund NAV will move in same direction as that of benchmark
index. The fund will move up and down in tandem with the movement of the markets (as indicated
by the benchmark)
2. A beta of less than 1.0 indicates that the fund NAV will be less volatile than the benchmark
index.
3. A beta of more than 1.0 indicates that the investment will be more volatile than the benchmark
index. It is an aggressive fund that will move up more than the benchmark, but the fall will also be
steeper.
β = r i m (σ i * σ m)/ σ m2
Ri m = Correlation coefficient between the return of stock i and the return of the market index
σ i = Standard deviation of return of stock i
σ m = Standard deviation of return of the market index
σ m2 = Variance of the market return
3) R-Squared:
As discussed above, beta is dependent on correlation of a mutual fund scheme to its benchmark
index. So, while considering the beta of any fund, an investor also needs to consider another
statistic concept called ‘R-squared’ that measures the correlation between beta and its benchmark
index. The beta of a fund has to be seen in conjunction with the R-squared for better understanding
the risk of the fund.
‘R-squared’ values range between 0 and 1, where 0 represents no correlation and 1 represents full
correlation. If a fund's beta has an R-squared value that is between 0.75 and 1, the beta of that fund
should be trusted. On the other hand, an R-squared value that is less than 0.75 than it indicates the
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beta is not particularly useful because the fund is being compared against an inappropriate
benchmark index. This fund will not give returns similar to their benchmark index. The lower the
R-squared the less reliable is the beta, and vice versa.
4) Standard Deviation (SD):
The total risk (market risk, security-specific risk and portfolio risk) of a mutual fund is measured
by ‘Standard Deviation’ (SD). In mutual funds, the standard deviation tells us how much the return
on a fund is deviating from the expected returns based on its historical performance. In other words
can be said it evaluates the volatility of the fund. A volatile stock would have a high standard
deviation. With mutual funds, the standard deviation tells us how much the return on a fund is
deviating from the expected returns based on its historical performance.
σ=σ2 σ 2 = Variance of the market return
5) Sharpe Ratio:
Sharpe ratio (SR) is another important measure that evaluates the return that a fund has generated
relative to the risk taken. Risk here is measured by SD. It is used for funds that have low correlation
with benchmark index. This ratio helps an investor to know whether it is a safe bet to invest in this
fund by taking the quantum of risk.
The higher the Sharpe ratio (SR), the better a fund’s return relative to the amount of risk taken. In
other words, a mutual fund with a higher SR is better because it implies that it has generated higher
returns for every unit of risk that was taken. On the contrary, a negative Sharpe ratio indicates that
a risk-free asset would perform better than the fund being analyzed.
Sharpe = (Rp – Rf)/ σp
19 | P a g e
R p = Realized return on the fund
R f = Risk free rate of return
σ p = Standard deviation of the fund
6) Absolute Return
Absolute Return is the return that an asset achieves over a certain period of time. This measure
looks at the appreciation or depreciation (expressed as a percentage) that an asset - usually a stock
or a mutual fund - achieves over a given period of time.
Absolute Return = N A V at the end – N A V at the beginning *100
N A V at the beginning
7) Compound Annual Growth Rate (CAGR): It is a useful measure of growth

over multiple time periods. It can be thought of as the growth rate that gets you from the
initial investment value to the ending investment value if you assume that the investment has
been compounding over the time period.
CAGR = (EV / BV) 1 / n - 1
EV = Investment's ending value

BV = Investment's beginning value
n = Number of periods
8) Treynor Value: Developed by Jack Treynor, this performance measure evaluates funds basis
of Treynor's Index. This Index is a ratio of return generated by the fund over and above risk free
rate of return during a given period and systematic risk associated with it (beta). Treynor (1965)
was the first researcher developing a composite measure of portfolio performance. He measures
portfolio risk with beta, and calculates portfolios market risk premium relative to its beta.
Trey nor = (Rp – Rf) / βp Rp = Realized return on the fund

Rf = Risk free rate of return
βp = Portfolio beta
20 | P a g e
CHAPTER-III
RESEARCH PROCESS
21 | P a g e
3.1OBJECTIVES
 To study different mutual fund investment and its performance in detail.
 To give a brief idea about the benefits available from mutual fund investment.
 To compare the risk and return of a particular mutual fund with market returns.
 To compare the returns of Systematic Investment plan and Lump Sum Plan in mutual fund
and their advantages.
3.2 SCOPE OF THE STUDY

In current scenario where changes are inevitable, most investors want to invest in such investment
avenues which will give them fair return. The study reveals those mutual funds are best to invest
in by such conservative investors. The scope of the study is that will help to find which plan is
more secure to invest in on the basis of the return of the funds that have been selected. It will also
give the details of different funds from different fund families. The investors will get an idea of
how to compare between mutual funds.
3.3 RESEARCH METHODOLOGY

In this study, different mutual funds from different fund families but of the same growth scheme
have been selected. The funds were selected from the recommended list to the investors through
hedge equities. The methodology used for qualitative analysis was ratios and for the quantitative
analysis was comparing the return for 5 years by investing money in SIP and lump sum in shares
and mutual fund. The NAV on every first day of the month was alsotaken, for the purpose of
calculation.
3.4 SOURCES OF DATA

There are mainly two types of data collection:
Primary data- Primary data is one where the researcher freshly collects and uses in his study.
Secondary data-Secondary data are those which were collected by someone else who has
collected for his needs. These can be mainly published or unpublished. The data that is used here
is secondary data and has been collected from published source of various sites and publications.
22 | P a g e
3.5 DATA PROCESSING AND ANALYSIS PLAN
The data that were collected from secondary sources were processed and made into a table
and chart format for easy analysis. Analysis was made on the basis of findings the values of each
plan for each month. Then they were analyzed by making charts again to compare between the
mutual funds. Returns of each fund under SIP and Lump Sum plan was then calculated and
compared.
3.6 LIMITATIONS OF THE STUDY

 The analysis is based on historical data. The past performance may not always indicate the
future performance of the scheme and no Asset Management Company (AMC) guarantees
return and safety of principal amount being invested.
 The study is based on secondary data. So, the analysis may not be perfect and may be
sometimes biased.
 Data for 5 years was only taken for analysis so it may not give an accurate result.
 Period of the study is also small and it is one of the main limitation of the study.
23 | P a g e
CHAPTER-IV
DATA ANALYSIS & INTERPRETATIONS
24 | P a g e
4.1 FRANKLIN INDIA OPPORTUNITIES FUND- GROWTH (G)
Franklin Templeton has over 200 different open-ended mutual

Description funds and 7 closed-end funds in the fund family. Included in these
are 36 state and federal tax free income funds, an area of
investment pioneered by Franklin.
The scheme aims to generate capital appreciation by capitalizing
Objective on the long-term growth opportunities in the Indian Economy. The
scheme will invest in a broad range of stocks without any limitation
either qualitative or quantitative and across market capitalization.
Fund Family Franklin Templeton Mutual Fund
Type Open-ended
Class Equity
Category Multi Cap
Options Growth
NAV Rs.67.56
AUM 7424.52
Fund Size in Rs Cr 679
Face Value (Rs/Unit) 10.00
Minimum Initial 5000

Investment
Fund Manager R. Janakiraman /Hari Shyamsunder
SIP Yes
Entry Load 0.00
Load Structure Exit Load 1%
Expense Ratio 2.66%
Benchmark S&P BSE 200
Risk Factor Moderately High
25 | P a g e
ASSET ALLOCATION
Column1
Equity
cash & cash eq
Quarterly Returns
Chart Title
2013
2014
2015
2016
-15 -10 -5 0 5 10 15 20 25
Q4 Q3 Q2 Q1
Annual Returns
RETURNS %
25
20
15
10
5
0
1 MONTH 3 MONTH 6 MONTH 1 YEAR 2 YEAR 3 YEAR 5 YEAR
RETURNS %
26 | P a g e
SECTOR ALLOCATION
%
Banking/Finance
Automative
Technology
Conglomerates
Pharmaceuticals
PORTFOLIO SUMMARY
Total Market Value (mil) Top 10 Equity Holding(%) Earnings Yield

5,209.3970 INR 41.71 0.0490
Number of Holdings Book Value Yield Revenue Yield

46 0.3626 0.5968
DATA ANALYSIS
3.1 TABLE SHOWING CALCULATION OF SIP AND LUMP SUM VALUE OF
FRANKLIN INDIA OPPORTUNITIES FUND (G)
FRANKLIN INDIA OPPORTUNITIES FUND

.(G)
NAV SIP Investment Lump sum
(Rs) (Rs) Investment
Date (Rs)
Invest Unit Total Total Value Total unit Value
ment Unit Invest
ment
01-Apr-12 29.643 10000 337.3478 337.3478 10000 10000 20240.866 600000

01-May-12 28.917 10000 345.8173 683.1651 20000 19755.09 20240.866 585305.1
01-Jun-12 26.863 10000 372.2592 1055.424 30000 28351.86 20240.866 543730.4
01-Jul-12 28.867 10000 346.9692 1402.394 40000 40482.89 20240.866 584293.1
01-Aug-12 28.818 10000 347.0053 1749.399 50000 50414.17 20240.866 583301.3
27 | P a g e
01-Sep-12 28.817 10000 347.0174 2096.416 60000 60412.43 20240.866 583281
01-Oct-12 31.288 10000 321.0994 2417.516 70000 75639.23 20240.866 633296.2
01-Nov-12 30.958 10000 331.587 2749.103 80000 85106.72 20240.866 626616.7
01-Dec-12 32.556 10000 307.163 3056.266 90000 99499.78 20240.866 658961.6
01-Jan-13 33.494 10000 298.5609 3354.827 100000 112366.6 20240.866 677947.6
01-Feb-13 33.116 10000 301.9688 3656.795 110000 121098.4 20240.866 670296.5
01-Mar-13 31.009 10000 322.487 3979.282 120000 123393.6 20240.866 627649
01-Apr-13 30.439 10000 328.5259 4307.808 130000 131125.4 20240.866 616111.7
01-May-13 31.731 10000 315.1492 4622.957 140000 146691.1 20240.866 642262.9
01-Jun-13 31.322 10000 316.2355 4939.193 150000 154705.4 20240.866 633984.4
01-Jul-13 31.414 10000 318.3294 5257.522 160000 165159.8 20240.866 635846.6
01-Aug-13 29.726 10000 336.4058 5593.928 170000 166285.1 20240.866 601680
01-Sep-13 28.359 10000 352.6217 5946.55 180000 168638.2 20240.866 574010.7
01-Oct-13 30.236 10000 330.7316 6277.281 190000 189799.9 20240.866 612002.8
01-Nov-13 33.274 10000 300.535 6577.816 200000 218870.3 20240.866 673494.6
01-Dec-13 33.409 10000 299.3205 6877.137 210000 229758.3 20240.866 676227.1
01-Jan-14 33.948 10000 294.5682 7171.705 220000 243465 20240.866 687136.9
01-Feb-14 32.129 10000 311.2453 7482.95 230000 240419.7 20240.866 650318.8
01-Mar-14 33.376 10000 299.6165 7782.567 240000 259751 20240.866 675559.1
01-Apr-14 36.617 10000 273.0972 8055.664 250000 294974.3 20240.866 741159.8
01-May-14 37.125 10000 269.3603 8325.024 260000 309066.5 20240.866 751442.2
01-Jun-14 41.730 10000 239.6358 8564.66 270000 357403.3 20240.866 844651.3
01-Jul-14 43.756 10000 228.5401 8793.2 280000 384755.3 20240.866 885659.3
01-Aug-14 43.904 10000 227.7697 9020.97 290000 396056.7 20240.866 888655
01-Sep-14 48.024 10000 208.2292 9229.199 300000 443223.1 20240.866 972047.3
01-Oct-14 48.190 10000 207.5119 9436.711 310000 454755.1 20240.866 975407.3
01-Nov-14 51.365 10000 194.6851 9631.396 320000 494716.7 20240.866 1039672
01-Dec-14 54.096 10000 184.8566 9816.253 330000 531020 20240.866 1094950
01-Jan-15 53.786 10000 185.922 10002.17 340000 537977 20240.866 1088675
01-Feb-15 57.551 10000 173.7589 10175.93 350000 585635.1 20240.866 1164882
01-Mar-15 59.896 10000 166.9561 10342.89 360000 619497.7 20240.866 1212347
01-Apr-15 58.628 10000 170.567 10513.46 370000 616382.9 20240.866 1186681
01-May-15 56.411 10000 177.2704 10690.73 380000 603074.6 20240.866 1141807
01-Jun-15 57.880 10000 172.7713 10863.5 390000 628779.3 20240.866 1171541
01-Jul-15 57.863 10000 172.822 11036.32 400000 638594.6 20240.866 1171197
01-Aug-15 59.186 10000 168.9589 11205.28 410000 663195.7 20240.866 1197976
01-Sep-15 54.017 10000 185.1269 11390.41 420000 615275.6 20240.866 1093351
01-Oct-15 55.213 10000 181.1168 11571.52 430000 638898.5 20240.866 1117559
01-Nov-15 55.840 10000 179.0831 11750.61 440000 656153.8 20240.866 1130250
01-Dec-15 55.735 10000 179.4205 11930.03 450000 664920 20240.866 1128125
01-Jan-16 55.125 10000 181.4059 12111.43 460000 667642.7 20240.866 1115778
28 | P a g e
01-Feb-16 51.547 10000 193.9977 12305.43 470000 634308 20240.866 1043356
01-Mar-16 48.818 10000 204.8425 12510.27 480000 610726.5 20240.866 988118.6
01-Apr-16 53.064 10000 188.451 12698.72 490000 673845.1 20240.866 1074061
01-May-16 54.439 10000 183.693 12882.42 500000 701305.9 20240.866 1101893
01-Jun-16 56.686 10000 176.411 13058.83 510000 740252.7 20240.866 1147374
01-Jul-16 58.711 10000 170.327 13229.15 520000 776696.9 20240.866 1188361
01-Aug-16 60.651 10000 164.879 13394.03 530000 812361.5 20240.866 1227629
01-Sep-16 61.870 10000 161.630 13394.03 540000 838688.9 20240.866 1252302
01-Oct-16 62.393 10000 160.275 13555.66 550000 855778.6 20240.866 1262888
01-Nov-16 62.440 10000 160.153 13715.94 560000 866423.2 20240.866 1263840
01-Dec-16 57.875 10000 172.785 13876.09 570000 813078.7 20240.866 1171440
01-Jan-17 57.441 10000 174.092 14048.88 580000 816981.5 20240.866 1162656
01-Feb-17 61.579 10000 162.392 14222.97 590000 885836.1 20240.866 1246412
01-Mar-17 63.533 10000 157.399 14385.36 600000 923945.1 20240.866 1285963
TOTAL INVESTMENT 600000 600000
TOTAL UNIT 14385.36 20240.86
6
AVERAGE UNIT PRICE 41.7090 29.6430
RETURN
a) Standard return = (Ending Value – Beginning Value)/ Beginning Value*100
Beginning Value = Total Unit * Average Unit Price
= 14385.36 * 41.7090
= 599999
SIP = (923945.1–599999) / 599999 * 100
= 53.991
Lump Sum = (Ending Value – Beginning Value)/ Beginning Value*100
Lump Sum = (1285963–600000)/ 600000*100
= 114.32
29 | P a g e
b) CAGR (Last five year)
CAGR (Last five year) =[Nth root of (NAV at the end/ NAV at the beginning)]
– 1*100
= [5√ (63.533/29.643)] – 1*100
= -14.14%
RATIOS
Market
Index X2 Stock Index Y2 XY
Return (X) Return (Y)
-4.110 16.8921 -0.152 0.0231 0.62472
19.903 396.12941 15.19 230.736 4592.3406
9.653 93.180409 0.476 0.22658 2.18713813
13.161 173.21192 36.672 1344.84 17699.3811
-6.922 47.914084 -5.664 32.0809 -222.063962
∑X = ∑X2 = ∑Y= ∑Y2 = ∑XY =
31.695 727.32792 46.522 1607.9023 1474.21
Coefficient of correlation = NƩXY-(ƩX*ƩY)
√ NƩX ²-(ƩX) ²*√ NƩY²-(ƩY) ²
30 | P a g e
= 5*1474.21– (31.695) (46.522)
√5*727.32792 - (31.695)2√5*1607.9023 – (46.522)2
= 108888.299
332.783
= -232.79
Beta Value (β) = NƩXY-(ƩX*ƩY)
NƩX ²-(ƩX) ²
= 5*1474.21 - (31.685) (46.522)
5*727.32792 – (31.685)2
= 5896.81
2632.700
= 2.23
Alpha Value (α) = ӯ-βx
= 9.304 – (2.23*6.337)
= - 4.82
31 | P a g e
S.D of Stock Return = NƩy²-(Ʃy) ²
√ N²
= 5*1607.9023 – (46.522)2
√ 52
= 15.32
Sharpe Ratio = Ri-Rf
S.D
= 8.99 – 7.6
15.32
= 5.92
Treynor’s Ratio = Ri-Rf
= 8.996 – 7.6
2.23
= 0.62
32 | P a g e
4.2 HDFC BALANCED FUND
Objective To generate objective capital appreciation along with current income

from a combined portfolio of equity and equity related & debt and
money market instruments
Launch date 11-09-2000
Fund Family HDFC Mutual Fund
Type Open-ended
Class Hybrid
Category Equity-oriented
Options Growth
NAV Rs 137.59
AUM Rs 5282.23 Cr
Fund Size Rs 10920 Cr
Face Value Rs 10.00
Minimum Initial Rs5000
investment
Fund Manager Chirag Setalvad
SIP Available
Load Structure Entry-NIL Exit-1.00%
Expense Ratio 2.03%
Benchmark CRISIL Balance Fund- Aggressive Index
33 | P a g e
ASSET ALOCATION
Equity
Debt
Cash & Cash eq
QUARTERLY RETURN
Chart Title
30
20
10
0
2016 2015 2014 2013
-10
Q1 Q2 Q3 Q4
ANNUAL RETURNS
Chart Title
30
20
10
0
1 MONTH 3 MONTH 6 MONTH 1 YEAR 2 YEAR 3 YEAR 5 YEAR
% Column2 Column1
34 | P a g e
SECTOR ALLOCATION
Banking/Finance
Engineering
Oil & Gas
Autmotive
Technology
Miscellaneous
PORTFOLIO SUMMARY:
Total Market Value (mil) Top 10 Equity Holding(%) Modified Duration

52,822.3100 INR 30.7223 6.4241
Number of Holdings Earnings Yield Revenue Yield
94 0.0611 0.8511
Book Value Yield Yield to Maturity
0.4877 8.0997
DATA ANALYSIS
3.2 TABLE SHOWING CALCULATION OF SIP AND LUMP SUM VALUE OF HDFC
BALANCED FUND
HDFC BALANCED FUND

SIP Investment Lump sum
(Rs) Investment
(Rs)
NAV Inves Units Total Total Value Total Value
Date (Rs) tment Unit Invest Unit
ment
01-Apr-12 58.707 10000 170.337 170.337 10000 9999.974 10220.246 600000
01-May-12 58.809 10000 170.042 340.379 20000 20017.35 10220.246 601042.4
01-Jun-12 55.576 10000 179.934 520.313 30000 28916.92 10220.246 568000.4
01-Jul-12 58.460 10000 171.057 691.37 40000 40417.49 10220.246 597475.6
35 | P a g e
01-Aug 12 58.631 10000 170.558 861.928 50000 50535.7 10220.246 599223.2
01-Sep-12 57.885 10000 172.756 1034.684 60000 59892.68 10220.246 591598.9
01-Oct-12 62.376 10000 160.318 1195.002 70000 74539.44 10220.246 637498.1
01-Nov-12 61.578 10000 162.396 1357.398 80000 83585.85 10220.246 629342.3
01-Dec-12 62.752 10000 159.357 1516.755 90000 95179.41 10220.246 641340.9
01-Jan-13 64.365 10000 155.364 1672.119 100000 107625.9 10220.246 657826.1
01-Feb-13 63.914 10000 156.460 1828.579 110000 116871.8 10220.246 653216.8
01-Mar-13 61.287 10000 163.167 1991.746 120000 122068.1 10220.246 626368.2
01-Apr-13 60.872 10000 164.279 2156.025 130000 131241.6 10220.246 622126.8
01-May-13 62.167 10000 160.857 2316.882 140000 144033.6 10220.246 635362
01-Jun-13 62.620 10000 159.693 2476.575 150000 155083.1 10220.246 639991.8
01-Jul-13 61.224 10000 163.335 2639.91 160000 161625.8 10220.246 625724.3
01-Aug-13 58.718 10000 170.306 2810.216 170000 165010.3 10220.246 600112.4
01-Sep-13 58.156 10000 171.951 2982.167 180000 173430.9 10220.246 594368.6
01-Oct-13 60.240 10000 166.003 3148.17 190000 189645.8 10220.246 615667.6
01-Nov-13 65.532 10000 152.597 3300.767 200000 216305.9 10220.246 669753.2
01-Dec-13 66.990 10000 149.276 3450.043 210000 231118.4 10220.246 684654.3
01-Jan-14 69.688 10000 143.497 3593.54 220000 250426.6 10220.246 712228.5
01-Feb-14 68.416 10000 146.165 3739.705 230000 255855.7 10220.246 699228.4
01-Mar-14 71.215 10000 140.420 3880.125 240000 276323.1 10220.246 727834.8
01-Apr-14 74.266 10000 134.651 4014.776 250000 298161.4 10220.246 759016.8
01-May-14 77.046 10000 129.793 4144.569 260000 319322.5 10220.246 787429.1
01-Jun-14 85.609 10000 116.810 4261.379 270000 364812.4 10220.246 874945
01-Jul-14 90.974 10000 109.922 4371.301 280000 397674.7 10220.246 929776.7
01-Aug-14 90.630 10000 110.339 4481.64 290000 406171 10220.246 926260.9
01-Sep-14 95.088 10000 105.166 4586.806 300000 436150.2 10220.246 971822.8
01-Oct-14 96.426 10000 103.706 4690.512 310000 452287.3 10220.246 985497.4
01-Nov-14 100.141 10000 99.859 4790.371 320000 479712.5 10220.246 1023466
01-Dec-14 103.947 10000 96.203 4886.574 330000 507944.7 10220.246 1062364
01-Jan-15 105.461 10000 94.822 4981.396 340000 525343 10220.246 1077837
01-Feb-15 108.569 10000 92.107 5073.503 350000 550825.1 10220.246 1109602
01-Mar-15 110.155 10000 90.781 5164.284 360000 568871.7 10220.246 1125811
01-Apr-15 108.429 10000 92.226 5256.51 370000 569958.1 10220.246 1108171
01-May-15 107.072 10000 93.395 5349.905 380000 572825 10220.246 1094302
01-Jun-15 108.030 10000 92.567 5442.472 390000 587950.3 10220.246 1104093
01-Jul-15 108.102 10000 92.505 5534.977 400000 598342.1 10220.246 1104829
01-Aug-15 110.781 10000 90.268 5625.245 410000 623170.3 10220.246 1132209
01-Sep-15 105.556 10000 94.736 5719.981 420000 603778.3 10220.246 1078808
01-Oct-15 107.534 10000 92.994 5812.975 430000 625092.5 10220.246 1099024
01-Nov-15 108.478 10000 92.185 5905.16 440000 640579.9 10220.246 1108672
01-Dec-15 108.435 10000 92.221 5997.381 450000 650326 10220.246 1108232
01-Jan-16 108.987 10000 91.754 6089.135 460000 663636.6 10220.246 1113874
36 | P a g e
01-Feb-16 103.058 10000 97.033 6186.168 470000 637534.1 10220.246 1053278
01-Mar-16 98.972 10000 101.031 6287.199 480000 622256.7 10220.246 1011518
01-Apr-16 106.399 10000 93.986 6381.185 490000 678951.7 10220.246 1087424
01-May-16 108.288 10000 92.346 6473.531 500000 701005.7 10220.246 1106730
01-Jun-16 111.241 10000 89.895 6563.426 510000 730122.1 10220.246 1136910
01-Jul-16 114.108 10000 87.636 6651.062 520000 758939.4 10220.246 1166212
01-Aug-16 118.473 10000 84.407 6735.469 530000 797971.2 10220.246 1210823
01-Sep-16 121.304 10000 82.438 6817.907 540000 827039.4 10220.246 1239757
01-Oct-16 123.761 10000 80.801 6898.708 550000 853791 10220.246 1264868
01-Nov-16 124.371 10000 80.405 6979.113 560000 867999.3 10220.246 1271102
01-Dec-16 120.844 10000 82.751 7061.864 570000 853383.9 10220.246 1235055
01-Jan-17 119.326 10000 83.804 7145.668 580000 852664 10220.246 1219541
01-Feb-17 125.347 10000 79.779 7225.447 590000 905688.1 10220.246 1281077
01-Mar-17 127.330 10000 78.536 7303.983 600000 930016.2 10220.246 1301344
TOTAL INVESTMENT AMOUNT 600000 600000
TOTAL UNIT 7303.983 10220.24
6
RETURN
= 7303.983* 82.14
= 599949.163
SIP = (930016.2-599949.163)/599949.163*100
= 55.01%
Lump sum= (1301344-599949.163)/599949.163*100
= 116.90%
37 | P a g e
CAGR (Last five year) = [Nth root of (NAV at the end / NAV at the beginning)] – 1*100
= 5√ (127.330/58.707)-1*100
= 16.75
1. RATIOS
Market
Index X2 Stock Index Y2 XY
Return (X) Return (Y)
-6.521 42.523441 -9.660 93.3156 62.99286
23.912 571.783744 0.213 0.045369 5.093256
12.796 163.737616 0.372 0.138384 4.760112
1.775 3.150625 25.096 629.809216 44.5454
-5.864 34.386496 2.247 5.049009 -13.16408
∑X = ∑X2 = ∑Y= ∑Y2 = ∑XY =
26.098 815.51922 18.268 728.357578 104.21522
√ NƩX ²-(ƩX) ²*√ NƩY²-(ƩY) ²
= 5*104.21522-(26.098*18.268)
√ 5*815.51922-(26.098)2*√ 5*728.357578-(18.268)2
38 | P a g e
= 44.3178
3060.5893
= 0.014
NƩX ²-(ƩX) ²
= 5*104.21522-(26.098*18.268)
5*815.51922-(26.098)2
= 44.3178
3396.490
= 0.013
Alpha Value (α) = ӯ-βx
= 3.6-(0.013*5.21)
= 3.532
√ N²
= 5*728.357578-(18.268)2
√ 52
= 11.503
39 | P a g e
S.D
= 12.440-7.6
11.503
= 0.0365
= 12.440-7.6
0.0365
= 132.60
40 | P a g e
4.3 ICICI PRUDENTIAL BALANCED ADVANTAGE FUND
Description ICICI Prudential Balanced Advantage Fund (earlier called ‘ICICI

Pru Equity – Volatility Advantage Plan’, or ‘ICICI Pru VAP’) has
adeptly managed the volatile markets of the last five years to deliver
compounded annual returns of 15 per cent. ICICI Prudential
Balanced Advantage is classified as an equity-oriented balanced
fund in most places. It seeks to hold at least 65 per cent in equities,
like most other balanced funds, and the rest in debt..
Objective To seek low volatility returns by using arbitrage and other derivative
strategies in equity markets and investments in short-term debt
portfolio. The fund invests in equity with usage of derivatives.
Fund Family ICICI Prudential Mutual Fund
Type Open-ended
Class Hybrid
Category Equity-oriented
Options Growth
Inception November 2006
NAV Rs 30.93
AUM Rs 11360.23
Fund size Rs16847.46
Face Value Rs 10.00
Minimum Initial Rs5000
investment
Fund Manager Manish Banthia/ Manish Gunwani
SIP Available
Load Structure Entry-NIL Exit-1.00%
Expense Ratio 2.17%
Benchmark CRISIL Balance Fund- Aggressive Index
41 | P a g e
SECTOR ALLOCATION
Column1
Equity
Debt
Cash & Cash Eq
QUARTERLY RETURN
12
10
8
6 Q1
4 Q2
2 Q3
0 Q4
-2 2013 2014 2015 2016
-4
-6
ANNUAL RETURN:
RETURNS
20
15
10
RETURNS
5
0
1 Month 3 month 6 month 1 Year 2 Year 3 Year
42 | P a g e
SECTOR ALLOCATION
%
Banking/Finance
Engineering
Oil & Gas
Autmotive
Technology
Miscellaneous
PORTFOLIO SUMMARY:

113,602.3000 INR 25.8109 0.0514
Number of Holdings (L) Book Value Yield Revenue Yield
94 0.3757 0.5112
DATA ANALYSIS
3.4 TABLE SHOWING CALCULATION OF SIP AND LUMP SUM VALUE OFICICI
PRUDENTIAL BALANCED ADVANTAGE FUND
ICICI PRUDENTIAL BALANCED ADVANTAGE FUND

SIP Investment Lump sum Investment
(Rs) (Rs)
Date NAV Investment Units Total Unit Total Value Total Unit Value
(Rs) Investment
01-Apr-12 14.810 10000 675.219 675.219 10000 9999.993 40513.166 600000
01-May-12 14.790 10000 676.133 1351.352 20000 19986.5 40513.166 599189.7
01-Jun-12 14.300 10000 699.301 2050.653 30000 29324.34 40513.166 579338.3
01-Jul-12 14.940 10000 669.344 2719.997 40000 40636.76 40513.166 605266.7
01-Aug-12 14.010 10000 670.691 3390.688 50000 47503.54 40513.166 567589.5
01-Sep-12 15.190 10000 658.328 4049.016 60000 61504.55 40513.166 615395
01-Oct-12 16.240 10000 615.764 4664.78 70000 75756.03 40513.166 657933.8
01-Nov-12 16.290 10000 613.874 5278.654 80000 85989.27 40513.166 659959.5
01-Dec-12 16.970 10000 589.275 5867.929 90000 99578.76 40513.166 687508.4
01-Jan-13 17.290 10000 578.369 6446.298 100000 111456.5 40513.166 700472.6
43 | P a g e
01-Feb-13 17.310 10000 577.701 7023.999 110000 121585.4 40513.166 701282.9
01-Mar-13 16.770 10000 596.303 7620.302 120000 127792.5 40513.166 679405.8
01-Apr-13 16.660 10000 600.240 8220.542 130000 136954.2 40513.166 674949.3
01-May-13 17.190 10000 581.734 8802.276 140000 151311.1 40513.166 696421.3
01-Jun-13 17.190 10000 581.734 9384.01 150000 161311.1 40513.166 696421.3
01-Jul-13 17.060 10000 586.166 9970.176 160000 170091.2 40513.166 691154.6
01-Aug-13 16.740 10000 597.372 10567.55 170000 176900.8 40513.166 678190.4
01-Sep-13 16.560 10000 603.865 11171.41 180000 184998.6 40513.166 670898
01-Oct-13 17..370 10000 575.705 11747.12 190000 204047.47 40513.166 703713.6
01-Nov-13 18.450 10000 542.005 12289.12 200000 226734.3 40513.166 747467.9
01-Dec-13 18.710 10000 534.474 12823.6 210000 239929.5 40513.166 758001.3
01-Jan-14 19.100 10000 523.560 13347.16 220000 254930.7 40513.166 773801.5
01-Feb-14 18.490 10000 540.833 13887.99 230000 256788.9 40513.166 749088.4
01-Mar-14 19.010 10000 526.039 14414.03 240000 274010.7 40513.166 770155.3
01-Apr-14 20.010 10000 499.750 14913.78 250000 298424.7 40513.166 810668.5
01-May-14 20.200 10000 495.050 15408.83 260000 311258.3 40513.166 818366
01-Jun-14 21.630 10000 462.321 15871.15 270000 343293 40513.166 876299.8
01-Jul-14 22.300 10000 448.430 16319.58 280000 363926.6 40513.166 903443.6
01-Aug-14 22.480 10000 444.840 16764.42 290000 376864.2 40513.166 910736
01-Sep-14 23.320 10000 428.816 17193.24 300000 400946.3 40513.166 944767
01-Oct-14 23.480 10000 425.894 17619.13 310000 413697.2 40513.166 951249.1
01-Nov-14 24.190 10000 413.394 18032.52 320000 436206.8 40513.166 980013.5
01-Dec-14 24.510 10000 407.997 18440.52 330000 451977.2 40513.166 992977.7
01-Jan-15 24.610 10000 406.339 18846.86 340000 463821.2 40513.166 997029
01-Feb-15 25.170 10000 397.298 19244.16 350000 484375.5 40513.166 1019716
01-Mar-15 25.570 10000 391.083 19635.24 360000 502073.1 40513.166 1035922
01-Apr-15 25.450 10000 392.927 20028.17 370000 509716.9 40513.166 1031060
01-May-15 25.350 10000 394.477 20422.65 380000 517714.1 40513.166 1027009
01-Jun-15 25.670 10000 389.560 20812.21 390000 534249.3 40513.166 1039973
01-Jul-15 25.760 10000 388.199 21200.4 400000 546122.4 40513.166 1043619
01-Aug-15 26.460 10000 377.929 21578.33 410000 570962.7 40513.166 1071978
01-Sep-15 25.470 10000 392.619 21970.95 420000 559600.1 40513.166 1031870
01-Oct-15 25.810 10000 387.447 22358.4 430000 577070.3 40513.166 1045645
01-Nov-15 26.260 10000 380.807 22739.21 440000 597131.5 40513.166 1063876
01-Dec-15 26.410 10000 378.644 23117.85 450000 610542.4 40513.166 1069953
01-Jan-16 26.370 10000 379.219 23497.07 460000 619617.7 40513.166 1068332
01-Feb-16 25.370 10000 394.166 23891.24 470000 606120.6 40513.166 1027819
01-Mar-16 24.270 10000 412.031 24303.27 480000 589840.3 40513.166 983254.5
01-Apr-16 25.620 10000 390.320 24693.59 490000 632649.7 40513.166 1037947
01-May-16 26.180 10000 381.971 25075.56 500000 656478.1 40513.166 1060635
01-Jun-16 26.800 10000 373.134 25448.69 510000 682024.9 40513.166 1085753
44 | P a g e
01-Jul-16 27.630 10000 361.925 25810.62 520000 713147.3 40513.166 1119379
01-Aug-16 28.440 10000 351.617 26162.23 530000 744053.9 40513.166 1152194
01-Sep-16 28.770 10000 347.584 26509.82 540000 762687.4 40513.166 1165564
01-Oct-16 29.020 10000 344.590 26854.41 550000 779314.9 40513.166 1175692
01-Nov-16 29.100 10000 343.643 27198.05 560000 791463.3 40513.166 1178933
01-Dec-16 28.420 10000 351.865 27549.915 570000 782968.6 40513.166 1151384
01-Jan-17 28.280 10000 353.607 27903.52 580000 789111.6 40513.166 1145712
01-Feb-17 29.160 10000 342.936 28246.46 590000 823666.7 40513.166 1181364
01-Mar-17 29.700 10000 336.700 28583.16 600000 848919.8 40513.166 1203241
TO7AL INVESTMENT AMOUNT 600000 600000
TOTAL UNIT 28583.16 40513.166
RETURN:
Standard Return = (Ending Value - Beginning Value) / Beginning Value *100
= 28583.16* 20.99
= 599960.52
SIP = (848919.8-599960.52)/ 599960.52 *100
= 41.495%
Lump sum= (Ending Value - Beginning Value) / Beginning Value *100
Lump sum= (1203241-600000)/600000 *100
=100.55%
CAGR (Last five year) = [Nth root of (NAV at the end/ NAV at the beginning)] – 1*100
= [5√ (29.700/14.810)]-1*100
= 14.93
45 | P a g e
RATIOS
Market
Index Return X2 Stock Index Y2 XY
(X) Return (Y)
-6.211 38.56521 4.820 23.2324 -29.93702
22.769 518.427361 19.288 372.026944 439.168472
12.720 161.7984 19.536 381.655296 248.49792
13.070 170.8249 23.095 533.379025 301.85165
-5.942 35.307364 101.455 10293.11703 -602.84561
∑X = ∑X2 = ∑Y= ∑Y2= ∑XY=
36.406 924.93454 168.194 11603.4109 356.735412
√ NƩX ²-(ƩX) ²*√ NƩY²-(ƩY) ²
= 5*356.735412-(36.406*168.194)
√5*924.93454-(36.406)2 * √ 5*11603.4109-(168.194)2
= -4339.593704
9903.550379
= -0.4381
46 | P a g e
NƩX ²-(ƩX) ²
= 5*356.735412-(36.406*168.194)
5*924.93454-(36.406)2
= -4339.593704
3299.2758
= -1.315
Alpha Value (α) = ӯ-β x
= 33.638-(-1)*7.28
= 40.918
√ N²
= 5*11603.4109-(168.194)2
√ 52
= 34.48
47 | P a g e
S.D
= 11.41-7.6
34.48
= 3.204
= 11.41-7.6
-1.315
= 2.203
48 | P a g e
4.4 L&T MID CAP FUND – GROWTH
L&T Midcap Fund predominantly invests in companies whose

Description market capitalization falls between the highest and lowest
constituent of the CNX Midcap index. Mid-Caps are also attractive
due to the presence of new businesses and growth opportunities
present in sunrise sectors.
The scheme aims to generate capital appreciation by investing
Objective primarily in midcap stocks. The investment universe would
primarily comprise of companies that have a market capitalization
ranging from Rs. 300 to Rs. 3000 corer.
Fund Family L&T Mutual Fund
Type Open-ended
Class Equity
Category Mid Cap
Options Growth
NAV Rs. 128.370
AUM Rs.412.93 Cr.
Fund Size in Rs Cr 567.73 Cr
Face Value 10.00

(Rs/Unit)
Minimum 5000
Investment
Fund Manager SoumendraNathLahiri/Vihang Naik
Expense Ratio 2.33
Benchmark Nifty Free Float Midcap 100 In
Risk Factor High
49 | P a g e
ASSET ALLOCATION
Sales
Equity
Cash & Cash

Eq
Quarterly Return
Chart Title
40
30
20
10
0
-10 2016 2015 2014 2013
-20
Q1 Q2 Q3 Q4
Annual Returns
RETURNS
40
30
20
10 RETURNS
0
1 3 6 1 Year 2 Year 3 Year 5 Year
Month month month
50 | P a g e
SECTOR ALLOCATION
%
Autmotive
Banking/Finance
Manufacturing
Chemicals
Cement
PORTFOLIO SUMMARY

3,963.4930 INR 24.7941 0.0501
72 0.4002 0.8870
DATA ANALYSIS
3.5 TABLE SHOWING CALCULATION OF SIP AND LUMP SUM VALUE OFL & T
MIDCAP FUND
L & T MIDCAP FUND

SIP Investment Lump sum
(Rs) Investment
(Rs)
Date NAV Investme Unit Total Total Value Total Value
(Rs) nt Unit Investme Unit
nt
01-Apr-12 37.420 10000 267.237 267.237 10000 10000.01 16034.206 600000
01-May-12 36.660 10000 272.777 540.014 20000 19796.91 16034.206 587814
01-Jun-12 35.050 10000 285.307 825.321 30000 28927.5 16034.206 561998.9
01-Jul-12 37.080 10000 269.687 1095.008 40000 40602.9 16034.206 594548.4
01-Aug-12 37.580 10000 266.099 1361.107 50000 51150.4 16034.206 602565.5
01-Sep-12 37.440 10000 267.094 1628.201 60000 60959.85 16034.206 600320.7
01-Oct-12 39.830 10000 251.067 1879.268 70000 74851.24 16034.206 638642.4
51 | P a g e
01-Nov-12 39.980 10000 250.125 2129.393 80000 85133.13 16034.206 641047.6
01-Dec-12 42.000 10000 238.095 2367.488 90000 99434.5 16034.206 673436.7
01-Jan-13 42.870 10000 256.016 2623.504 100000 112469.6 16034.206 687386.4
01-Feb-13 41.890 10000 263.019 2886.523 110000 120916.4 16034.206 671672.9
01-Mar-13 39.060 10000 251.319 3137.842 120000 122564.1 16034.206 626296.1
01-Apr-13 38.020 10000 252.016 3389.858 130000 128882.4 16034.206 609620.5
01-May-13 39.790 10000 261.917 3651.775 140000 145304.1 16034.206 638001.1
01-Jun-13 39.680 10000 274.801 3926.576 150000 155806.5 16034.206 636237.3
01-Jul-13 38.180 10000 274.801 4201.377 160000 160408.6 16034.206 612186
01-Aug-13 36.390 10000 260.824 4462.201 170000 162379.5 16034.206 583484.8
01-Sep-13 36.390 10000 242.660 4704.861 180000 171209.9 16034.206 583484.8
01-Oct-13 38.340 10000 237.248 4942.109 190000 189480.5 16034.206 614751.5
01-Nov-13 41.210 10000 221.288 5163.397 200000 212783.6 16034.206 660769.6
01-Dec-13 42.150 10000 233.699 5397.096 210000 227487.6 16034.206 675841.8
01-Jan-14 45.190 10000 222.965 5620.061 220000 253970.6 16034.206 724585.8
01-Feb-14 42.790 10000 201.898 5821.959 230000 249121.6 16034.206 686103.7
01-Mar-14 44.850 10000 195.542 6017.501 240000 269884.9 16034.206 719134.1
01-Apr-14 49.530 10000 168.095 6185.596 250000 306372.6 16034.206 794174.2
01-May-14 51.140 10000 151.975 6337.571 260000 324103.4 16034.206 819989.3
01-Jun-14 59.490 10000 153.210 6490.781 270000 386136.6 16034.206 953874.9
01-Jul-14 65.800 10000 143.575 6634.356 280000 436540.6 16034.206 1055051
01-Aug-14 65.270 10000 136.949 6771.305 290000 441963.1 16034.206 1046553
01-Sep-14 69.650 10000 131.165 6902.47 300000 480757 16034.206 1116782
01-Oct-14 73.020 10000 125.992 7028.462 310000 513218.3 16034.206 1170818
01-Nov-14 76.240 10000 121.418 7149.88 320000 545106.9 16034.206 1222448
01-Dec-14 79.370 10000 116.659 7266.539 330000 576745.2 16034.206 1272635
01-Jan-15 82.360 10000 114.012 7380.551 340000 607862.2 16034.206 1320577
01-Feb-15 85.720 10000 114.600 7495.151 350000 642484.3 16034.206 1374452
01-Mar-15 87.710 10000 118.147 7613.298 360000 667762.4 16034.206 1406360
01-Apr-15 87.260 10000 115.902 7729.2 370000 674450 16034.206 1399145
01-May-15 84.640 10000 114.416 7843.616 380000 663883.7 16034.206 1357135
01-Jun-15 86.280 10000 108.202 7951.818 390000 686082.9 16034.206 1383431
01-Jul-15 87.400 10000 114.890 8066.708 400000 705030.3 16034.206 1401390
01-Aug-15 92.420 10000 112.867 8179.575 410000 755956.3 16034.206 1481881
01-Sep-15 87.040 10000 113.999 8293.574 420000 721872.7 16034.206 1395617
01-Oct-15 88.600 10000 110.595 8404.169 430000 744609.4 16034.206 1420631
01-Nov-15 87.720 10000 109.397 8513.566 440000 746810 16034.206 1406521
01-Dec-15 90.420 10000 117.357 8630.923 450000 780408.1 16034.206 1449813
01-Jan-16 91.410 10000 129.483 8760.406 460000 800788.7 16034.206 1465687
01-Feb-16 85.210 10000 120.005 8880.411 470000 756699.8 16034.206 1366275
01-Mar-16 77.230 10000 117.069 8997.48 480000 694875.4 16034.206 1238322
52 | P a g e
01-Apr-16 83.330 10000 114.771 9112.251 490000 759323.9 16034.206 1336130
01-May-16 85.420 10000 106.508 9218.759 500000 787466.4 16034.206 1369642
01-Jun-16 87.130 10000 101.750 9320.509 510000 812095.9 16034.206 1397060
01-Jul-16 93.890 10000 99.453 9419.962 520000 884440.2 16034.206 1505452
01-Aug-16 98.280 10000 94.859 9514.821 530000 935116.6 16034.206 1575842
01-Sep-16 100.550 10000 92.567 9607.388 540000 966022.9 16034.206 1612239
01-Oct-16 105.420 10000 99.325 9706.713 550000 1023282 16034.206 1690326
01-Nov-16 108.030 10000 99.840 9806.553 560000 1059402 16034.206 1732175
01-Dec-16 100.680 10000 92.670 9899.223 570000 996653.8 16034.206 1614324
01-Jan-17 100.160 10000 89.111 9988.334 580000 1000432 16034.206 1605986
01-Feb-17 107.910 10000 88.234 10076.57 590000 1087362 16034.206 1730251
01-Mar-17 112.220 10000 88.112 10164.68 600000 1140680 16034.206 1799359
TOTAL INVESTMENT 600000 600000
TOTAL UNIT 10164.68 16034.20
6
= 10164.68* 59.02
= 599919.41
SIP= (1140680– 599919.41)/599919.41*100
= 90.138
= (1799359 –600000)/ 600000*100
= 199.9
b) CAGR last five year = [Nth root of (NAV at the end/ NAV at the beginning)] – 1*100
= [5√ (112.220/ 37.420)] – 1*100
= 24.56%
53 | P a g e
2. RATIOS
Market
Index X2 Stock Y2 XY
Return (X) Index
Return
(Y)
-1.8 3.24 -2.05 4.20 3.69
13.7 187.69 8.3 68.89 113.71

11.9 141.61 28.4 806.56 337.96
22.2 492.84 62.7 3931.29 1391.94
-4.1 16.81 1.7 2.89 6.97
∑X = ∑X2 = ∑Y= ∑Y2 = ∑XY =
41.9 842.19 99.05 4813.83 1854.27
54 | P a g e
√ NƩX ²-(ƩX) ²*√ NƩY²-(ƩY) ²
= 5*1854.27 – (41.9*99.05)
√5*842.19 – (41.9) ² * √5*4813.83 – (99.05) ²
= 0.8656
NƩX ²-(ƩX) ²
= 5*1854.27 – (41.9*99.05)
5*842.19 – (41.9) ²
= 2.085
= 19.81 – (2.085*8.38)
= 2.33
NƩy²-(Ʃy) ²
S.D of Stock Return = √ N²
= 5*4813.83-(99.05)²
√ 25
= 23.881
55 | P a g e
S.D
= 14.3041-7.6
23.881
= 0.280
= 14.3041-7.6
2.085
= 3.21
56 | P a g e
4.6 UTI MID CAP FUND - GROWTH
The first introduction of a mutual

Description fund in India occurred in 1963, when
the Government of India launched Unit Trust of
India (UTI).
An open-ended equity fund with the objective to
Objective provide 'Capital appreciation' by investing primarily
in midcap stocks.
Fund Family UTI Mutual Fund
Type Open-ended
Class Equity
Category Mid Cap
Options Growth
NAV 100.811
AUM Rs. 3227.12 Cr.
Fund Size in Rs Cr 3,375.48
Minimum Initial Investment 5000

Anoop Bhaskar
Fund Manager
SIP Yes
Entry Load: 0.00
Load Structure Exit Load: 1%
Expense Ratio 2.24
Benchmark Nifty Free Float midcap 100 In
Risk Factor High Risk
57 | P a g e
ASSET ALLOCATION
Sales
Equity
Debt
Cash & Cash Eq
Quarterly Returns
Chart Title
40
30
20
10
0
-10 2016 2015 2014 2013
-20
Q1 Q2 Q3 Q4
Annual Returns
RETURNS
40
30
20
RETURNS
10
0
1 Month 3 month 6 month 1 Year 2 Year 3 Year 5 Year
58 | P a g e
SECTOR ALLOCATION
%
Automtive
Banking/Finance
Manufacturing
Chemicals
Cement
Miscellaneous
PORTFOLIO SUMMARY
32,271.2400 INR 24.3318 0.0474
102 0.3817 0.7455
DATA ANALYSIS
3.7 TABLE SHOWING CALCULATION OF SIP AND LUMP SUM VALUE OF UTI MID
CAP FUND
UTI MID CAP FUND

Date NAV SIP investment Lump Sum investment
(Rs) (Rs) (Rs)
Invest Unit Total Total Value Total unit Value
ment unit invest
ment
01-Apr-12 30.75 10000 325.203 325.203 10000 9999.992 19512.1951 600000
01-May-12 30.67 10000 326.052 651.255 20000 19973.99 19512.1951 598439
01-Jun-12 29.1 10000 343.643 994.898 30000 28951.53 19512.1951 567804.9
01-Jul-12 30.69 10000 325.627 1320.525 40000 40526.91 19512.1951 598829.3
01-Aug-12 30.55 10000 327.332 1647.857 50000 50342.03 19512.1951 596097.6
01-Sep-12 30.83 10000 324.359 1972.216 60000 60803.42 19512.1951 601561
01-Oct-12 33.28 10000 296.472 2268.688 70000 75501.94 19512.1951 649365.9
59 | P a g e
01-Nov-12 33.58 10000 297.796 2566.484 80000 86182.53 19512.1951 655219.5
01-Dec-12 35.39 10000 282.566 2849.05 90000 100827.9 19512.1951 690536.6
01-Jan-13 36.34 10000 275.179 3124.229 100000 113534.5 19512.1951 709073.2
01-Feb-13 34.929 10000 286.292 3410.521 110000 119126.1 19512.1951 681541.5
01-Mar-13 32.355 10000 309.071 3719.592 120000 120347.4 19512.1951 631317.1
01-Apr-13 31.688 10000 315.577 4035.169 130000 127866.4 19512.1951 618302.4
01-May-13 32.981 10000 303.202 4338.371 140000 143083.8 19512.1951 643531.7
01-Jun-13 34.13 10000 292.999 4631.37 150000 158068.7 19512.1951 665951.2
01-Jul-13 32.464 10000 308.035 4939.405 160000 160352.8 19512.1951 633443.9
01-Aug-13 30.423 10000 328.695 5268.1 170000 160271.4 19512.1951 593619.5
01-Sep-13 29.996 10000 333.381 5601.481 180000 168022 19512.1951 585287.8
01-Oct-13 31.927 10000 313.211 5914.692 190000 188838.4 19512.1951 622965.9
01-Nov-13 34.88 10000 286.695 6201.387 200000 216304.4 19512.1951 680585.4
01-Dec-13 37.179 10000 268.969 6470.356 210000 240561.4 19512.1951 725443.9
01-Jan-14 39.79 10000 251.322 6721.678 220000 267455.6 19512.1951 776390.2
01-Feb-14 38.372 10000 260.607 6982.285 230000 267924.2 19512.1951 748722
01-Mar-14 40.657 10000 245.959 7228.244 240000 293878.7 19512.1951 793307.3
01-Apr-14 44.728 10000 223.573 7451.817 250000 333304.9 19512.1951 872741.5
01-May-14 45.836 10000 218.168 7669.985 260000 351561.4 19512.1951 894361
01-Jun-14 51.921 10000 192.602 7862.587 270000 408233.4 19512.1951 1013093
01-Jul-14 58.633 10000 170.554 8033.141 280000 471007.2 19512.1951 1144059
01-Aug-14 58.532 10000 170.847 8203.988 290000 480195.8 19512.1951 1142088
01-Sep-14 63.37 10000 155.387 8359.375 300000 529733.6 19512.1951 1236488
01-Oct-14 67.79 10000 147.515 8506.89 310000 576682.1 19512.1951 1322732
01-Nov-14 71.418 10000 140.020 8646.911 320000 617545.1 19512.1951 1393522
01-Dec-14 73.584 10000 135.900 8782.811 330000 646274.3 19512.1951 1435785
01-Jan-15 75.874 10000 131.797 8914.608 340000 676386.9 19512.1951 1480468
01-Feb-15 78.378 10000 127.587 9042.195 350000 708709.1 19512.1951 1529327
01-Mar-15 79.283 10000 126.131 9168.326 360000 726892.4 19512.1951 1546985
01-Apr-15 80.194 10000 124.698 9293.024 370000 745244.7 19512.1951 1564761
01-May-15 77.985 10000 128.229 9421.253 380000 734716.4 19512.1951 1521659
01-Jun-15 79.641 10000 125.563 9546.816 390000 760317.9 19512.1951 1553971
01-Jul-15 79.475 10000 125.826 9672.642 400000 768733.2 19512.1951 1550732
01-Aug-15 83.777 10000 119.364 9792.006 410000 820344.9 19512.1951 1634673
01-Sep-15 78.977 10000 126.620 9918.626 420000 783343.3 19512.1951 1541015
01-Oct-15 80.065 10000 124.898 10043.52 430000 804134.7 19512.1951 1562244
01-Nov-15 79.53 10000 125.739 10169.26 440000 808761.5 19512.1951 1551805
01-Dec-15 80.439 10000 124.317 10293.58 450000 828005.3 19512.1951 1569541
01-Jan-16 80.877 10000 123.645 10417.22 460000 842513.9 19512.1951 1578088
01-Feb-16 75.295 10000 132.811 10550.04 470000 794364.9 19512.1951 1469171
01-Mar-16 70.457 10000 141.931 10691.97 480000 753323.9 19512.1951 1374771
60 | P a g e
01-Apr-16 75.531 10000 132.397 10824.36 490000 817575 19512.1951 1473776
01-May-16 78.970 10000 126.631 10950.99 500000 864800.1 19512.1951 1540878
01-Jun-16 80.478 10000 124.258 11075.25 510000 891314.2 19512.1951 1570302
01-Jul-16 84.932 10000 117.741 11192.99 520000 950643.3 19512.1951 1657210
01-Aug-16 88.406 10000 113.114 11306.11 530000 999527.8 19512.1951 1724995
01-Sep-16 90.856 10000 110.065 11416.17 540000 1037228 19512.1951 1772800
01-Oct-16 94.208 10000 106.148 11522.32 550000 1085495 19512.1951 1838205
01-Nov-16 94.123 10000 106.244 11628.56 560000 1094515 19512.1951 1836546
01-Dec-16 84.710 10000 118.051 11746.62 570000 995055.8 19512.1951 1652878
01-Jan-17 84.054 10000 118.971 11865.59 580000 997350 19512.1951 1640078
01-Feb-17 89.476 10000 111.762 11977.35 590000 1071685 19512.1951 1745873
01-Mar-17 91.648 10000 109.113 12086.46 600000 1107700 19512.1951 1788254
TOTAL 600000 600000
INVESTMENT
TOTAL UNIT 12086.46 19512.19
51
AVERAGE 49.6423 30.75
UNIT PRICE
= 12086.46* 49.6423
= 600000
SIP = (1107700– 600000)/600000*100
= 84.62
Lump Sum= (Ending Value – Beginning Value)/ Beginning Value*100
Lump Sum = (1788254– 600000)/ 600000*100
=198.04
61 | P a g e
a) CAGR last five year = [Nth root of (NAV at the end/ NAV at the beginning)] – 1*100
= [5√(91.648/30.75)]-1*100
= 24.41%
RATIOS
Market
(X) Return (Y)
-0.052 2.704 -2.66 -7.07 0.138
23.91 571.68 13.33 177.68 318.72
12.79 163.58 34.23 1171.69 437.80
8.64 74.64 42.77 1829.27 369.53
-4.77 -22.75 2.58 6.656 -12.306
∑X = ∑X2 = ∑Y= ∑Y2 = ∑XY =
40.518 789.854 90.25 3178.226 1113.887

√ NƩX ²-(ƩX) ²*√ NƩY²-(ƩY) ²
= 5*1113.887-(40.518*90.25)
√ 5*789.854-(40.518)2*√ 5*3178.226-(90.25)2
= 0.452
62 | P a g e
NƩX ²-(ƩX) ²
= 5*1113.887-(40.518*90.25)
5*789.854-(40.518)2
= 0.82
= 18.05-(0.82*8.10)
= 11.408
NƩy²-(Ʃy) ²
S.D of Stock Return = √ N²
= 5*3178.226-(90.25)2
52
= 17.60
S.D
= 17.76-7.6
17.60
= 0.032
= 17.76-7.6 = 15.1
0.82
63 | P a g e
4.7SBI BLUE CHIP FUND – GROWTH
SBI Blue-chip Fund invests in stocks of blue-chip

Description companies, i.e. in stocks of companies with
market capitalization equal to or more than the
least market capitalized stock of S&P BSE 100
Index.
The scheme would invest in stocks of companies
Objective whose market capitalization is at least equal to or
more than the least market capitalized stock of
BSE 100 Index.
Fund Family SBI Mutual Fund
Type Open-ended
Class Equity
Category Large Cap
Options Growth
NAV 35.438
AUM Rs. 5624.47 Cr.
Fund Size in Rs Cr 8,582.51

Minimum Initial Investment 5000
Fund Manager Sohini Andani

SIP Yes
Load Structure Entry Load: 0.00

Exit Load: 1%
Expense Ratio 1.97%
Benchmark S&P BSE 100
Risk Factor High Risk
64 | P a g e
ASSET ALLOCATION
Sales
Equity
Debt
Quarterly Return
Chart Title
30
20
10
0
2016 2015 2014 2013
-10
-20
Q1 Q2 Q3 Q4
Annual Return
RETURNS
25
20
15
10 RETURNS
0
1 Month 3 month 6 month 1 Year 2 Year 3 Year 5 Year
65 | P a g e
SECTOR ALLOCATION
%
Banking/Finance
Automtive
Pharamaceuticals
Oil & Gas
Engineering
Technology
PORTFOLIO SUMMARY
51,244.1700 INR 36.2664 0.0475

60 0.3162 0.6593
DATA ANALYSIS
3.8 TABLE SHOWING CALCULATION OF SIP AND LUMP SUM VALUE OF SBI
BLUECHIP FUND
SBI BLUECHIP FUND

NAV SIP investment Lump Sum
(Rs) (Rs) investment
Date (Rs)
Invest Unit Total Total Total unit Value
ment unit invest Value
ment
01-Apr-12 13.91 10000 718.907 718.907 10000 9999.996 43134.435 600000
01-May-12 13.76 10000 726.7442 1445.651 20000 19892.16 43134.435 593529.8
01-Jun-12 12.97 10000 771.010 2216.661 30000 28750.1 43134.435 559453.6
01-Jul-12 13.94 10000 713.267 2929.928 40000 40843.2 43134.435 601294
01-Aug-12 14.2 10000 704.225 3634.153 50000 51604.98 43134.435 612509
01-Sep-12 14.47 10000 691.085 4325.238 60000 62586.2 43134.435 624155.3
01-Oct-12 15.46 10000 639.795 4965.033 70000 76759.41 43134.435 666858.4
66 | P a g e
01-Nov-12 15.58 10000 641.849 5606.882 80000 87355.22 43134.435 672034.5
01-Dec-12 16.32 10000 612.745 6219.627 90000 101504.3 43134.435 703954
01-Jan-13 16.72 10000 598.086 6817.713 100000 113992.2 43134.435 721207.8
01-Feb-13 16.86 10000 593.120 7410.833 110000 124946.6 43134.435 727246.6
01-Mar-13 16.215 10000 616.705 8027.538 120000 130166.5 43134.435 699424.9
01-Apr-13 16.183 10000 617.932 8645.47 130000 139909.6 43134.435 698044.6
01-May-13 16.871 10000 592.726 9238.196 140000 155857.6 43134.435 727721.1
01-Jun-13 16.653 10000 600.507 9838.703 150000 163843.9 43134.435 718317.7
01-Jul-13 16.366 10000 611.027 10449.73 160000 171020.3 43134.435 705938.2
01-Aug-13 15.781 10000 633.655 11083.39 170000 174906.9 43134.435 680704.5
01-Sep-13 15.255 10000 655.544 11738.93 180000 179077.4 43134.435 658015.8
01-Oct-13 16.403 10000 621.462 12360.39 190000 202747.5 43134.435 707534.1
01-Nov-13 17.507 10000 571.203 12931.59 200000 226393.4 43134.435 755154.6
01-Dec-13 17.441 10000 573.375 13504.97 210000 235540.2 43134.435 752307.7
01-Jan-14 17.87 10000 559.610 14064.58 220000 251334 43134.435 770812.4
01-Feb-14 17.384 10000 575.245 14639.82 230000 254498.7 43134.435 749849
01-Mar-14 18.053 10000 553.912 15193.74 240000 274292.5 43134.435 778706
01-Apr-14 19.129 10000 522.780 15716.52 250000 300641.2 43134.435 825118.6
01-May-14 19.22 10000 520.286 16236.8 260000 312071.3 43134.435 829043.8
01-Jun-14 21.237 10000 470.872 16707.67 270000 354820.9 43134.435 916046
01-Jul-14 22.701 10000 440.509 17148.18 280000 389280.9 43134.435 979194.8
01-Aug-14 22.777 10000 439.039 17587.22 290000 400584.2 43134.435 982473
01-Sep-14 24.278 10000 411.004 17998.23 300000 436960.9 43134.435 1047218
01-Oct-14 24.576 10000 406.908 18405.13 310000 452324.6 43134.435 1060072
01-Nov-14 25.593 10000 390.736 18795.87 320000 481042.7 43134.435 1103940
01-Dec-14 26.493 10000 377.457 19173.33 330000 507959 43134.435 1142761
01-Jan-15 26.373 10000 379.180 19552.51 340000 515658.3 43134.435 1137584
01-Feb-15 27.985 10000 357.336 19909.84 350000 557177 43134.435 1207117
01-Mar-15 28.944 10000 345.496 20255.34 360000 586270.5 43134.435 1248483
01-Apr-15 28.703 10000 348.402 20603.74 370000 591389.2 43134.435 1238088
01-May-15 27.827 10000 359.359 20963.1 380000 583340.2 43134.435 1200302
01-Jun-15 28.169 10000 355.004 21318.1 390000 600509.7 43134.435 1215054
01-Jul-15 28.717 10000 348.225 21666.33 400000 622192 43134.435 1238692
01-Aug-15 29.402 10000 340.108 22006.44 410000 647033.3 43134.435 1268239
01-Sep-15 27.299 10000 366.316 22372.75 420000 610753.8 43134.435 1177527
01-Oct-15 27.858 10000 358.970 22731.72 430000 633260.3 43134.435 1201639
01-Nov-15 28.248 10000 354.002 23085.73 440000 652125.6 43134.435 1218462
01-Dec-15 28.242 10000 354.081 23439.81 450000 661987 43134.435 1218203
01-Jan-16 28.54 10000 350.389 23790.2 460000 678972.2 43134.435 1231057
01-Feb-16 27.408 10000 364.861 24155.06 470000 662041.8 43134.435 1182229
01-Mar-16 26.071 10000 383.565 24538.62 480000 639746.4 43134.435 1124558
67 | P a g e
01-Apr-16 27.825 10000 359.394 24898.02 490000 692787.3 43134.435 1200216
01-May-16 28.718 10000 348.211 25246.23 500000 725021.1 43134.435 1238735
01-Jun-16 29.746 10000 336.175 25582.4 510000 760974.1 43134.435 1283077
01-Jul-16 30.375 10000 329.220 25911.62 520000 787065.5 43134.435 1310208
01-Aug-16 31.952 10000 312.974 26224.6 530000 837928.3 43134.435 1378231
01-Sep-16 32.145 10000 311.093 26535.69 540000 852989.7 43134.435 1386556
01-Oct-16 32.730 10000 305.526 26841.21 550000 878512.9 43134.435 1411790
01-Nov-16 32.405 10000 308.598 27149.81 560000 879789.7 43134.435 1397771
01-Dec-16 30.322 10000 329.790 27479.6 570000 833236.5 43134.435 1307922
01-Jan-17 29.931 10000 334.102 27813.7 580000 832492 43134.435 1291057
01-Feb-17 31.782 10000 314.647 28128.35 590000 893975.3 43134.435 1370899
01-Feb-17 32.508 10000 307.617 28435.97 600000 924396.5 43134.435 1402214
TOTAL 600000 600000
INVESTME
NT
TOTAL 28435.97 43134.43
UNIT 5
AVERAGE 21.10 13.91
UNIT PRICE
= 28435.97* 21.10
= 599999
SIP = (924396.5–599999)/ 599999 *100
= 54.066
Lump Sum= (Ending Value – Beginning Value)/ Beginning Value*100
Lump Sum= (1402214– 600000)/ 600000*100
=133.702
CAGR last five year = [Nth root of (NAV at the end/ NAV at the beginning)] – 1*100
= [5 √ (32.508/13.91)] – 1*100
= 18.50%
68 | P a g e
RATIOS
Market
(X) Return (Y)
-90.428 8177.223 -0.117 0.013689 10.58008
19.783 391.3671 2.069 4.280761 40.93103
12.183 148.4255 0.887 0.786769 10.80632
13.966 195.0492 1.532 2.347024 21.39591
-6.779 45.95484 0.071 0.005041 -0.48131
∑X = ∑X2 = ∑Y= ∑Y2 = ∑XY =
-51.275 8958.02 4.442 7.433284 83.23203

√ NƩX ²-(ƩX) ²*√ NƩY²-(ƩY) ²
= 5 * 83.23203 – (-51.275 * 4.442)
√5 * 8958.02 – (-51.275)2 * √5 * 7.433284 – (4.442)2
= 643.923
875.256
= 0.735
NƩX ²-(ƩX) ²
= 5*83.23203 – (-51.275 * 4.442)
5 * 8958.02 – (-51.275)2
= 643.923
42160.974
= 0.0152
69 | P a g e
= 0.8884 – 0.0152 * 10.255
= 8.9546
√ N²
= 5 * 7.433284 – (4.442)2
√ 52
= 0.83
S.D
= 11.68-7.6
0.83
= 5.92
= 11.68-7.6
0.0152
= 268.42
70 | P a g e
TABLE SHOWING RETURNS OF MUTUAL FUNDS
MUTUAL FUND SIP LUMP

RETURN SUM
RETURN
Franklin Indian Opportunities Fund 53.991 114.32
HDFC Balanced Fund 55.01 116.90
ICICI Prudential Balanced 41.495 100.55
Advantage Fund
L & T Mid Cap Fund 90.138 199.9
UTI Mid Cap Fund 84.62 198.04
SBI Blue Chip Fund 54.066 133.702
FINDINGS AND RECOMMENDATIONS
1) The table shows the return of various mutual funds. Among the funds, L & T Mid Cap
Fund has the highest SIP return of 53.991 and Franklin Indian Opportunities Fund has the
lowest SIP return of 53.991. L & T Mid Cap Fund has the highest Lump sum return of
199.9 and 114.32is the lowest Lump Sum return for Franklin Indian Opportunities Fund.
2) The table clearly shows that both SIP and Lump sum returns are different for various funds
which depend on the NAVs(Net Asset Value)
3) However returns are more when investing in lump sum rather than when investing in SIP.
Inferences
1. If a person have money in lump sum, is better to invest in mutual funds in lump sum rather
than going with SIP and parking the fund in other schemes like ETFs, bonds or debentures.
2. But if a person who can’t afford to put lump sum amounts in mutual funds ,then SIP is the
better , but the return will be less when compared with lump sum.
3. The advantage of SIP comes when the market goes down, so that the units become cheaper
and more units can be bought. So as the market recovers the profits can be
71 | P a g e
TABLE SHOWING CAGR OF MUTUAL FUNDS
MUTUAL FUND CAGR

Franklin Indian Opportunities Fund(G) -14.14
HDFC Balanced Fund 16.75
ICICI Prudential Balanced Advantage 14.93
Fund
L & T Mid Cap Fund 24.56
UTI Mid Cap Fund 24.41
SBI Blue Chip Fund 18.50
Interpretation
From the table we can infer that the CAGR of different mutual funds. Over the 5 years investment
has grown and respective overall returns are given. CAGR essentially smoothes out the progress
of investment over a period of time, providing a clear picture of real annual return. Although the
investment started at a specific beginning value and ended with an ending value, its growth in any
one year may have been quite a bit higher or even negative ( if the investment ever lost money
over that time). Consequently, the CAGR figure may give the impression that the investment has
produced a stable return throughout its life, even if the investment was extremely volatile,
fluctuating a great deal from year to year. L&T Mid Cap Mutual Fund has the highest CAGR 24.56
and Franklin Indian Opportunities Fund (G) has lowest CAGR of -14.14
72 | P a g e
CHAPTER IV
INTERPRETATION
&CONCLUSIONS
73 | P a g e
4.1 INTERPRETATION
 Franklin India Opportunities fund is a fund that has delivered a surprise, its ratings climb
from three stars in 2014 to five stars in 2016. The qualitative factors it screens for are
sustainability of the business model, quality of management and governance, and fair
treatment of minority shareholders. This fund usually has a higher allocation to mid-cap
stocks relative to its peers but has seen its large-cap weights creep up in the last one year.
The fund has been quite an aggressive outperformer in bull phases. Since its hugely mid-
cap, it is better to do more of SIP on this fund as the fluctuations would benefit the rupee
cost averaging.
 HDFC balanced fund has beaten its benchmark and category consistently. It maintains a
more or less steady-state asset allocation between equity and debt, with a 68-72 per cent
equity allocation, higher than that of its peers. The fund's mid- and small-cap tilt has helped
performance in the last five years. A balanced fund that delivers big payoffs relative to
risks.HDFC Balanced fund is also advisable for SIP due to the fluctuations in return for
these funds.
 ICICI Prudence fund is a fund that follows the contrarian style of investing, it is a top-of-
mind choice in the multi-cap category. This fund has one of the best records in its category,
beating its benchmark as well as the peers.
 L&T mid cap fund, although not among the high alpha generators—margin of return
compared to the benchmark index—it boasts of a healthy track record of consistent
outperformance. The fund's portfolio is heavily diversified and its risk-conscious approach
is evident in the limited exposure taken to individual stocks—not exceeding 3% of the
corpus. The fund manager adopts a free-wheeling approach to stock selection, with 75%
of the portfolio weight comprising stocks not part of the benchmark index.
 UTI Mid Cap fund is a seasoned player in the mid-cap space, this fund avoids excessive
risk taking and has managed to deliver an impressive 20 per cent CAGR since launch.
Good stock selection has led to this fund climbing from a three-star rating to four stars in
the last three years. Given the liquidity risks inherent in mid-cap stocks, the fund believes
in very widely diversified exposures to individual stocks while taking more concentrated
sector bets. A three-year CAGR of 28.6 per cent and five-year CAGR of 25.6 per cent place
it 2-9 percentage. This fund is a good choice for investors who would like to benefit from
the higher returns of mid-caps without taking on undue risks
 SBI Blue-chip fund has managed to beat its benchmark and category by convincing
margins in each of the last five years. The fund invests mainly in the top 100 companies in
terms of market capitalization, with the flexibility to invest up to 20 per cent in mid-cap
stocks. The maximum cash that the fund can hold is 7-10 per cent of the assets. The
investment style leans towards growth investing. The fund has fared well in bull as well as
bear markets, losing less than its benchmark.
74 | P a g e
4.2 CONCLUSION
Mutual funds are an investment vehicle. Hence, they come in many forms from equity (stocks) to
debt (bond) to even hybrid funds which have a combination of both equity and debt. The type of
investment depends on the time frame an investor wishes to invest in, risk taking capacity and
current investment portfolio. One share may seem too small an investment to make a meaningful
impact on your portfolio's returns. Yet, disciplined investing can add up to a huge amount in the
long run. The lesson for small investors is simple. Take the MF route instead of trying to find other
individual stocks. Just as you are diversifying your investments across a basket of stocks, diversify
across time as well by using the SIP mode. That's the best way to create wealth without losing
sleep.
Equities are meant for the long haul and not for short trips. A time frame of three years is not
enough to invest in equities. Hence it would be better if you stick to debt funds that invest only in
bonds. Another option is Monthly Income Plans or Equity Saver Funds that have around 30 per
cent equity and the balance in debt or debt like investments.
As observed in the study, since your fund choice is dictated by your investment horizon, you hardly
have any discretionary power to punt on rate cuts. If you have invested for a long-term debt
schemes, chances are that you are most likely to benefit from a rate cut during your investment
horizon. Interest rates are cyclical. So, if you are investing during tighter monetary regime, you
are likely to benefit when the tide turns and the banking regulator unwinds the screw.
Systematic investment plan is a simple process of investing the same amount of money every
month over an extended period of time regardless of whether the market up or down. Systematic
investment plan is more helpful for the investors to invest in mutual fund without sufferings. The
main advantage of systematic investment plan is the advantage of rupee cost averaging. Investors
are getting a moderate return through the SIP investment. Systematic investment plan will reduce
the risk when the market is volatile. In fact, during market upheavals, you not only have to exercise
restrain from pulling your earlier investments out, but you have to put in lump sum amounts during
such periods. All in all, you have to be ready to tide over some sleepless nights in exchange for
the higher return you will get if you go against the tide. Most investors do not have the emotional
and psychological bandwidth to do so. But most importantly, would the cash be available to invest
in one go?
75 | P a g e
CHAPTER V
SUGGESTIONS
76 | P a g e
5.2 SUGGESTIONS
 Diversifying your investments across a basket of stocks, diversify across time as well
by using the SIP mode is one of the best way to create wealth without losing sleep
 Investment advisors can suggest SIP to the low risk-taking investors
 Before making any investment, enquire about the risk tolerance of the investors their
need and time
 Many people are investing in a bulk in anticipation of more return, but it is not flexible
in this volatile market situation and make them more about SIP mode of investment.
 If the investor is putting in a large amount of incremental money, I would suggest them
to wait for a correction. This is called tactical allocation. At a time when the PE is high
and a correction is likely, it is better to hold your investments and invest when you find
better opportunities. There is no clear thumb rule whether the investors should wait or
invest at a higher level in the market. It depends on the kind of portfolio and the amount
of money an investor wishes to invest. If an investor is investing a large amount, it
makes sense to not invest when the markets are at such a high level.
 And there is no bad time to start investing in equity mutual funds. Since equity funds
are a long-term investment vehicle, investors need not worry about the market levels,
they believe. However, sometimes it is not a bad idea to plan the entry, especially when
one is investing a huge amount.
 Assuming equity funds, I would suggest starting off with large cap or diversified funds
such as ICICI Prudential Dynamic Fund, Birla Sun Life Frontline Equity and Franklin
India. Even for SIPs, three years is not a good time frame especially if you are planning
to sell at the end of three years. However, if you are planning to do SIP for three years
but to hold the investments for more than five years, then it is fine. In that case I would
suggest large cap funds such as Birla Sun Life Frontline Equity / SBI Blue chip and
multi cap funds like ICICI Prudential Dynamic / Franklin Prima Plus. It is better to
have a minimum five-year time frame when it comes to investments in equities, be it
lump sum or through the SIP route.
77 | P a g e
BIBLIOGRAPHY
 Shashi K Gupta, Sharma R K, Financial Management, New Delhi, Kalayani Publishers
2004
 Pandey I. M, Financial Management, Ninth Edition, Vikas publishing House, New Delhi
2005
 www.money control.com
 www.mutual fund india.com
 www.value research online.com
 www.economic times.com
 www.hedge equities.com
78 | P a g e

Terisa Mary 15210113

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Contents

EXECUTIVE SUMMARY ............................................................................................................ 2

AN OVERVIEW OF FINANCIAL SERVICES INDUSTRY

Meaning of Financial Services

1. Facilitating transactions (exchange of goods and services) in the economy.

a) Fund based services and

FINANCIAL SERVICES INDUSTRY IN INDIA

The Hedge promise

 At Hedge Equities, the needs of Customers stand before everything else.

Alex K Babu Managing Director

Bobby J Arakunnel COO

Mr. Mohanlal Director

Mr. Joy Arrackal Director

Pradeep Kumar C Director

Hedge Commodities offers a viable platform to engage in futures trading in agricultural

Corporate Social Responsibility

 Depository services: Hedge Equities is a member of the National Securities Depository

 Portfolio Management Services: Hedge Equities is a SEBI-approved portfolio manager

 Client relation Department

The major functions of marketing department are:

 Brand promotion: An important function of marketing department is to promote the

 Human resource Department: Human resource is often considered as the back of an

2.2 BACKGROUND OF THE STUDY

2.3 MUTUAL FUND AND TYPES OF MUTUAL FUND

1. Money market funds

2. Fixed income funds

2.4 METHODS FOR CALCULATING RISK

Ῡ = Mean value of the dependent variable scores.

ẋ = Mean value of the independent variable scores.

σ i = Standard deviation of return of stock i

σ m = Standard deviation of return of the market index

σ m2 = Variance of the market return

4) Standard Deviation (SD):

σ=σ2 σ 2 = Variance of the market return

Sharpe = (Rp – Rf)/ σp

R f = Risk free rate of return

σ p = Standard deviation of the fund

Absolute Return = N A V at the end – N A V at the beginning *100

7) Compound Annual Growth Rate (CAGR): It is a useful measure of growth

CAGR = (EV / BV) 1 / n - 1

EV = Investment's ending value

Trey nor = (Rp – Rf) / βp Rp = Realized return on the fund

3.2 SCOPE OF THE STUDY

3.3 RESEARCH METHODOLOGY

3.4 SOURCES OF DATA

3.6 LIMITATIONS OF THE STUDY

Franklin Templeton has over 200 different open-ended mutual

Fund Family Franklin Templeton Mutual Fund

Category Multi Cap

Fund Size in Rs Cr 679

Face Value (Rs/Unit) 10.00

Minimum Initial 5000

Fund Manager R. Janakiraman /Hari Shyamsunder

Expense Ratio 2.66%

Benchmark S&P BSE 200

Risk Factor Moderately High

Total Market Value (mil) Top 10 Equity Holding(%) Earnings Yield

Number of Holdings Book Value Yield Revenue Yield

FRANKLIN INDIA OPPORTUNITIES FUND

01-Apr-12 29.643 10000 337.3478 337.3478 10000 10000 20240.866 600000

a) Standard return = (Ending Value – Beginning Value)/ Beginning Value*100

Beginning Value = Total Unit * Average Unit Price

SIP = (923945.1–599999) / 599999 * 100

Lump Sum = (Ending Value – Beginning Value)/ Beginning Value*100

√5727.32792 - (31.695)2√51607.9023 – (46.522)2