Beruflich Dokumente
Kultur Dokumente
OF SELECTED MUTUAL
Introductio
FUNDS IN INDIA
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• This project talks about the past and present scenario of Mutual
Introductio
Funds.
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• Mutual funds have seen a significant growth in the Indian market
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• To understand how much mutual funds have grown , comparative
analysis of selected mutual funds have been done.
• This project further helps to understand which mutual fund to
select for better returns.
Year & Author Title of the paper Objective Finding & Analysis
1966(J. TREYNOR AND A report on Can Mutual Fund Through their
K. MAUZY) performance of the outguess the market. research paper they
funds and their tried to answer the
sensitivity to market question, “ Are
fluctuations. Mutual Fund
managers successfully
anticipating major
Introductio
turns in stock
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motivation
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Research
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57 mutual funds for
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their study .
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Their study reported
no statistical evidence
that the investment
managers of any of
the 57 funds have
successfully
outguessed the
market.
Year & Author Title of the paper Objective Finding & Analysis
1968(Michael C. The performance of Evaluating a portfolio Through his study MC
Jensen) mutual funds in the manager's predictive Jensen derived “a risk-
period 1945-1964. ability. adjusted measure of
portfolio performance
(Jensen's alpha) that
estimates how much a
manager’s forecasting
ability contributes to
fund’s returns.”
Introductio
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In his paper he
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showed that on
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average the funds
apparently were
not quite successful
enough in their
trading activities to
recoup even their
brokerage
expenses.
(diversification not
taken into account)
Year & Author Title of the paper Objective Finding & Analysis
2003(SN Rao) Performance The objective of this His study consisted of a
Evaluation of Indian study was to evaluate sample of 269 open
Mutual Funds the performance of ended schemes (out of
Indian Mutual Fund total schemes of 433)
Schemes during bear for computing relative
market through performance index,
relative performance after excluding the
index (RPI), risk- funds whose returns
return analysis, are less than risk-free
Treynor’s ratio, returns, 58 schemes
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were used for further
Objective
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Sharpe’s ratio, Sharp’s
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measure, Jensen’s analysis. The results of
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performance measures
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measure, and Fama’s
measure suggest that most of
the mutual fund
schemes in the sample
of 58 were able to
satisfy investor’s
expectations by giving
excess returns over
expected returns based
on both premium for
systematic risk and
total risk.
A COMPARATIVE ANALYSIS
OF SELECTED MUTUAL
Primary Secondary
FUNDS IN INDIA
methodology
1 2
Analysis &
Analysis &
Objective
Research
Findings
Findings
methodology
Analysis &
Analysis &
Objective
Research
Findings
Findings
A COMPARATIVE ANALYSIS
OBJECTIVE – The scheme seeks aggressive growth and to provide long term capital appreciation
through investing in different shares such as HDFC , KOTAK , MAHINDRA , LARSEN , TCS, HDFC
BANK ETC . OF SELECTED MUTUAL
Fund class ELSS
Fund type FUNDS IN INDIA
Open – ended
methodology
Option Growth
Analysis &
Analysis &
Objective
Research
Findings
Findings
Launch date 29-Dec-2009
Face value
Fund manager
Name: Md Zaid Ansari
10
Jinesh Gopani
NAV (01-04-2020) Roll No. : 3-28-17-0032
37.1961
AUM 21658.58 cr.
52 Week high 52.35
52 Week low 34.78
Entry load Nil
Exit load Nil
SOURCE : www.moneycontrol.com
HDFC TOP 100 FUND (G)
OBJECTIVE – The scheme seeks aggressive growth and aims to provide long term capital
A COMPARATIVE ANALYSIS
appreciation through investment in shares such as STATE BANK OF INDIA , INFOSYS , ICICI BANK ,
LARSEN , RELIANCE ETC .
Type of scheme OF SELECTED MUTUAL
LARGE CAP
Fund type
Option
FUNDS IN INDIA
Open – ended
Growth
methodology
Analysis &
Analysis &
Objective
Launch date 11-Oct-1996
Research
Findings
Findings
Name: Md Zaid Ansari
Face value 10
Fund manager Prashant Jain
NAV (01-04-2020) 332.449
AUM
Roll No. : 3-28-17-0032
16,819 cr.
SOURCE : www.moneycontrol.com
ICICI Prudential Multicap Fund
OBJECTIVE – The scheme seeks aggressive growth and aims to provide medium and long term
A COMPARATIVE ANALYSIS
capital appreciation through investment in shares such as HDFC BANK , POWER GRID , WIPRO ,
ICICI BANK ETC .
Type of scheme OF SELECTED MUTUAL
LARGE CAP
FUNDS IN INDIA
Fund type Open – ended
Option Growth
methodology
Launch date 01-Oct-1994
Analysis &
Analysis &
Objective
Research
Findings
Findings
Face value 10
Fund manager
NAV (01-04-2020)
Name: Md Zaid Ansari
Sankaran Naren
199.15
AUM Roll No. : 3-28-17-0032
5081.52 cr
52 week high 307.67
52 week low 187.76
Entry load NIL
Exit load 1% if the investor redeem it before a span of 1 year .
SOURCE : www.moneycontrol.com
COMPARISION OF RETURNS
PERIOD AXIS LONG TERM HDFC TOP 100 FUND ICICI Prudential Multicap
A COMPARATIVE ANALYSIS
EQUITY FUND (%) (%) Fund
3Months -24.53% -33.75% -33.66%
OF SELECTED MUTUAL
6 Months -20.33% -29.40% -28.69%
1 Year -15.38% -34.13% -33.07%
2 years
3 Years
-7.76%
7.73% FUNDS IN INDIA -22.52%
-17.27%
-26.02%
-21.83%
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5 Years 18.33% -3.99% -0.47%
Analysis &
Analysis &
Objective
Research
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AXIS LONG TERM EQUITY FUND (%)
Name: Md Zaid Ansari
Chart Title
HDFC TOP 100 FUND (%) ICICI Prudential Multicap Fund
18.33%
Roll No. : 3-28-17-0032
7.73%
-0.47%
3 M ont hs 6 M ont hs 1 Year 2 ye a r s 3 Years 5 Years
-3.99%
-7.76%
-15.38%
-17.27%
-20.33%
-21.83%
-22.52%
-24.53%
-26.02%
-28.69%
-29.40%
-33.07%
-33.66%
-33.75%
-34.13%
ANALYSIS: The above table and graphical representation shows return given by these
three funds . the best performing fund is AXIS LONG TERM EQUITY FUND because of
the stock selection by the fund manager.
ASSET ALLOCATION
AXIS LONG
A COMPARATIVE ANALYSIS
HDFC TOP 100 ICICI
TERM EQUITY FUND (G) Prudential
FUND (%) Multicap Fund
Equity 93.71 OF SELECTED MUTUAL
98.16 96.85
Debt 5.19
FUNDS IN INDIA
Chart Title
1.81 1.03
methodology
Analysis &
Analysis &
Objective
120
Research
Findings
Findings
100
80
60
Name: Md Zaid Ansari
40
Roll No. : 3-28-17-0032
20
0
AXIS LONG TERM EQUITY FUND (%) HDFC TOP 100 FUND (G) ICICI Prudential Multicap Fund
Equity Debt
Analysis- Since these funds are equity funds , the investment in equity should be more than 65% .
Anything below this would make it a debt fund . So from this table and bar chart we can clearly
see that these funds have a majorly invested in equity which is far above the minimum requisite
SECTORAL ALLOCATION: AXIS LONG TERM EQUITY FUND
A COMPARATIVE ANALYSIS
AXIS LONG TERM AXIS LONG TERM EQUITY FUND
Sectors
OF SELECTED MUTUAL
EQUITY FUND 21%
37%
Consumer Goods
FUNDS IN INDIA
17.00
5%
methodology
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Analysis &
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8%
IT 12.00
Chemicals 5.00
Roll No. : 3-28-17-0032
Financial Services
Automobile
Consumer Goods
Chemicals
IT
others
SOURCE :https://www.axismf.com
SECTORAL ALLOCATION: HDFC TOP 100 FUND (G)
A COMPARATIVE ANALYSIS
HDFC TOP 100 FUND HDFC TOP 100 FUND (G)
Sectors
35.8% 13%
FUNDS IN INDIA
Banks (Private sector)
Computer-Software
Computer-Software 18.3 36%
methodology
16%
Analysis &
Analysis &
Objective
Refineries
Research
Findings
Findings
Refineries 17.5%
SOURCE :https://www.hdfcsec.com/
SECTORAL ALLOCATION: ICICI Prudential Multicap Fund
A COMPARATIVE ANALYSIS
ICICI Prudential Multicap Fund
Sectors ICICI Prudential
Multicap Fund
35%
methodology
19%
Analysis &
Analysis &
Objective
Telecommunications -
Research
Findings
Findings
Service Provider 18.44%
SOURCE :https://www.hdfcsec.com/
ANALYSIS – It is evident from the above table & pie chart that all these mutual
funds house have biggest investment in the banking sector followed by the IT
sectors .
FINDINGS
Limitation
Findings
• Before Investing , the past performance of several years should be considered and
y
consistency should be checked rather than going for higher return in recent
period.
• Portfolio is created as per Investor’s tolerance level of risk .
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motivation
YOU
THANK