Académique Documents
Professionnel Documents
Culture Documents
ON
“PERFORMANCE AND AWARENESS OF MUTUAL FUND”
AT
KARVY STOCK BROKING LTD. NEW DELHI
SUBMITED TO
MR. Y.L.GROVER
(DIRECTOR GENERAL)
MANAGEMENT ECUCATION & RESEARCH INSTITUTE
SUBMITTED BY
LOKESH JAIN
(PGDM – III SEM.)
M.E.R.I
Karvy Groups…………………………………………………………………………….…..10
Karvy value……………………………………………………………………………..……12
Achievements of Karvy………………………………………………………………….…..28
Regulatory Body………………………………………………………………………….….35
Management Education & Research Institute, New Delhi Page3
Competitors detail…………………………………………………………………………....36
Product detail…………………………………………………………………………..…….40
Research objective……………………………………………………………………….…..55
Research Methodology………………………………………………………………….…...56
Limitations………………………………………………………………………………..….64
Glossary……………………………………………………………………………….……..65
Questionnaire…………………………………………………………………………….…..67
Bibliography…………………………………………………………………...………….…69
I am really happy and exited in representing this summer training project report
before you.
And of course I am very much thankful to our honorable Mr. Ranjit Kumar
Rawat (Cluster Head, Karvy Stock Broking Ltd.)) , Mr. Ashutosh Chaturvedi
(Northern Regional Head, Karvy Stock Broking Ltd.) and Mr. Kamlesh Kumar
Yadav (Relationship Manager, Karvy Stock Broking Ltd.) for giving me
opportunity and his guidance helps me through out preparing this report. He has
also provided me a valuable suggestions and excellence guidance about this
training, which proved very helpful to me to utilize my theoretical knowledge in
practical field.
For most people, money is a delicate matter and when it comes to investing they
are wary. Simply because there are many investment options out there, each out
promising the other. An important question facing many investors is whether to
invest in Banks, National Savings, Post office, Non-banking finance companies,
Fixed deposits, Shares etc. or to invest distinctively in Mutual Funds.
It has been perceived that there is huge potential market in the region of New
Delhi. Thus an exploratory research with the hypothesis “The region of New
Delhi being progressively industrializing & developing should provide a large
& wider market share for Mutual Fund” has been done.
Thus the purpose of this research was to find why people do not actively invest
in mutual fund in spite of various benefits like Professional management,
Diversification, Convenience liquidity, Flexibility, Tax benefits etc. as well as
to find out potential of business of KARVY in distribution of Mutual Fund in
New Delhi.
People from service class prefers safety of income plus the regular income as
well as tax benefits while on the other hand Professional and Businessman
focus on high return with some risk.
For growth and development of the Mutual Fund Industry, the misconception
regarding Mutual Fund should be removed & the awareness for the same should
be made.
Background
In starting it was only offering auditing and taxation services. Later, it acts into
the Registrar and Share transfer activities and subsequently into financial
services and other services like Financial Product Distribution, Investment
Advisory Services, Demat Services, Corporate Finance, Insurance etc.
All along, Karvy’s strong work ethics and professional background leveraged
with Information Technology enabled it to deliver quality to the individual. A
decade of commitment, professional integrity and vision helped Karvy
achieving a leadership position in its field when it handled largest number of
corporate and retail that proved to be a sound business synergy.
Today, company has 230 branch offices in 164 cities all over the India. The
company adds 5 new offices every month to the company’s ever growing
national network in every nook and corner of the country. The company service
over 16 million individual investors, 180 corporate and handle corporate
disbursements that exceed Rs.2500 Crores.
What bears ample testimony to Karvy’s success is the faith reposed in company
by valued investors and customers, all across the country. Indeed, with Karvy’s
wide network touching every corner of the country, even the most remote
investor can easily access Karvy’s services and benefit from company’s expert
advice.
Vision of Karvy
Company’s vision is crystal clear and mind frame very directed. “To be
pioneering financial services company. And continue to grow at a healthy
pace, year after year, decade after decade.” Company’s foray into IT-enabled
services and internet business has provided an opportunity to explore new
frontiers and business solutions. To build a corporate that sets benchmarks for
others to follow.
Integrity
Responsibility
Reliability
Unity
Understanding
Excellence
Confidentiality
Karvy has adequate internal control systems and procedures commensurate with
the size nature of its business. These system and procedures provide reasonable
assurance of maintenance of proper accounting records, reliability of financial
information, protection of resources and safeguarding of assets against
unauthorized use.
1. Stock broking
2. Demat services
3. Investment product distribution
4. Investment advisory services
5. Corporate finance & Merchant banking
6. Insurance
7. Mutual fund services
8. IT enabled services
9. Registrars & Transfer agents
10. Loans
1. Stock Broking:
2. Demat Services:
Since Karvy is also in the broking business, investors who use Karvy’s
depository services get a dual benefit. They can use Karvy’s brokerage services
to execute transactions and Karvy’s depository services to settle them.
MANUFACTURING COMPANIES
Sl. No. Company Name
1 A P Paper Mills Ltd.
2 Amtek India Ltd.
3 Atul Ltd.
4 Ballarpur Industries Ltd.
5 Chambal Fertilizers & Chemicals Ltd.
6 Escort Ltd.
7 Greaves Ltd.
8 Gujarat Alkalies & Chemicals Ltd.
9 Indian Express
10 Ind-Swift Ltd.
11 JK Industries Ltd.
12 Jindal Steel & Power Ltd.
13 Sound Craft Industries Ltd.
14 Supreme Industries Ltd.
15 Zuari Industries Ltd.
(b). Bonds:
Corporate finance is the financial activity of corporation. It deals with the firm's
operations with regard to investing and financing. It concerned with how firms
raise capital and the consequences of alternative methods of raising capital.
Firm’s capital can be raised by raising loans, issuing shares, and acquiring or
merging with other businesses by public or private companies.
Karvy enjoys SEBI category (I) authorization for Merchant Banking. Karvy
offers the full spectrum of Merchant Banking Services, beginning from
identifying the best time for an issue to final stage of marketing it, to harvest
unparalleled success.
Issue management
Instrument designing
Pricing of the issue
Registration process for the issue of shares
Marketing efforts
Final allotment to investors
Listing details on stock exchanges
Loan syndication
Lease financing
Corporate advisory services
Underwriting
Portfolio management
6. Insurance:
Karvy is also dealer of many private life insurance companies. At New Delhi,
Motinagar branch, company is associated with dealing of following companies.
Karvy's ability to mass customize and offer a diverse range of products for a
diverse range of customers has helped mutual fund companies to uniquely
position themselves in the market place. These diverse range of services cut
across multiple delivery channels – service centers, web, mobile phones, call
center – has brought home the benefits of technology to investors, distributors,
and the mutual funds.
Going forward, Karvy shall strive to create new products and services, which
would address the needs of the end customer. Company’s single minded focus
in delivering products for customers has given it the distinguished position of
being the preferred provider of financial services in the country.
TIN Overview
While NSDL will be the primary agency responsible for the design,
implementation and maintenance of TIN as per the requirements of ITD, other
agencies will also play key roles in the TIN system.
Overall Excellence.
Handling of Volumes
Timely Dispatch
10. Loan:
Karvy has recently started this service at selected branches of metro cities. This
service has not been started in Saurashtra-Kucch region. Karvy provides loans
for following.
Vehicle Loan
Home Loan
Personal Loan
Market Positioning:
Market positioning statements of Karvy are “At Karvy we give you single
window service” and “We also ensure your comfort”.
So, Karvy focus on the consumers who prefer almost all investment activities at
same place by providing number of various financial services. At Karvy a
person can purchase or sell shares, debentures etc. and at the same place also
demat it. Karvy also provides other investment option to the same person at
same place like Mutual Fund, Insurance, Fixed Deposit, and Bonds etc. and
help the person in designing his portfolio. By this way Karvy provides comfort
to its customers.
Target Market:
Karvy uses one level marketing channel for investment product distribution.
Sub-brokers work as intermediary between consumer and company. Company
has both forward and backward flow of activity through channel. Company
distributes stationery, brokerage, and information forward to its sub-broker. The
sub-brokers send filled forms, queries, amount of investment etc. back to the
company.
Karvy provides training to the sub-brokers because they will be viewed as the
company by the investors. The executives of Karvy explain various new
schemes of investment to the sub-brokers with its objective, risk factors and
expected return. Company also periodically arrange seminar to guide sub-
brokers.
Karvy also publish its weekly Stock Market Newsletter ‘Karvy Bazaar Baatein’
and monthly magazine ‘The Finapolis’ to guide investors and sub-brokers about
market.
The upper level members like zonal managers, regional managers, branch
managers and senior executives are recruited by publishing recruitment
advertisement in leading national level newspaper. The qualified applicant are
then called for interview and selected.
The regional manager has authority to select lower level employee like peon,
marketing executives, accountant etc. by approval of zonal manager.
New employee has given training under experienced employee. The new
employee work under experience employee and observe his all activities. When
company employs new technology or there is any change in the working of
company the training program is arranged.
Employee Motivation:
Karvy’s employees are highly empowered. They don’t have to report any
person of the same branch but they report upper level branch. If particular
branch earn certain profit then Karvy gives them special incentives. This also
helps in maintaining co-operation between employees.
CM & MD
(Hyderabad)
GM GM GM
(Marketing) (Finance) (HRM)
Zonal Manager
Regional Manager
Executives
Branch Manager
Marketing Clerk
Executives-3
Executive
(Demat) Accountant
Peon Peon
Provide high quality of work life for all its employees and
equip them with adequate knowledge & skills so as to respond to
customer's needs.
account holders
Strengths:
Weaknesses:
Opportunity:
Threats:
The mutual fund industry in India started in 1963 with the formation of Unit
Trust of India, at the initiative of the Government of India and Reserve Bank
the. The history of mutual funds in India can be broadly divided into four
distinct phases
FirstPhase-1964-87
Unit Trust of India (UTI) was established on 1963 by an Act of Parliament. It
was set up by the Reserve Bank of India and functioned under the Regulatory
and administrative control of the Reserve Bank of India. In 1978 UTI was de-
linked from the RBI and the Industrial Development Bank of India (IDBI) took
over the regulatory and administrative control in place of RBI. The first scheme
launched by UTI was Unit Scheme 1964. At the end of 1988 UTI had Rs.6,700
crores of assets under management.
1987 marked the entry of non- UTI, public sector mutual funds set up by public
sector banks and Life Insurance Corporation of India (LIC) and General
Insurance Corporation of India (GIC). SBI Mutual Fund was the first non- UTI
Mutual Fund established in June 1987 followed by Canbank Mutual Fund (Dec
87), Punjab National Bank Mutual Fund (Aug 89), Indian Bank Mutual Fund
(Nov 89), Bank of India (Jun 90), Bank of Baroda Mutual Fund (Oct 92). LIC
established its mutual fund in June 1989 while GIC had set up its mutual fund
in December 1990.
At the end of 1993, the mutual fund industry had assets under management of
Rs.47,004 crores.
With the entry of private sector funds in 1993, a new era started in the Indian
mutual fund industry, giving the Indian investors a wider choice of fund
families. Also, 1993 was the year in which the first Mutual Fund Regulations
came into being, under which all mutual funds, except UTI were to be
registered and governed. The erstwhile Kothari Pioneer (now merged with
Franklin Templeton) was the first private sector mutual fund registered in July
1993.
The 1993 SEBI (Mutual Fund) Regulations were substituted by a more
Management Education & Research Institute, New Delhi Page31
comprehensive and revised Mutual Fund Regulations in 1996. The industry
now functions under the SEBI (Mutual Fund) Regulations 1996.
The number of mutual fund houses went on increasing, with many foreign
mutual funds setting up funds in India and also the industry has witnessed
several mergers and acquisitions. As at the end of January 2003, there were 33
mutual funds with total assets of Rs. 1, 21,805 crores. The Unit Trust of India
with Rs.44,541 crores of assets under management was way ahead of other
mutual funds.
In February 2003, following the repeal of the Unit Trust of India Act 1963 UTI
was bifurcated into two separate entities. One is the Specified Undertaking of
the Unit Trust of India with assets under management of Rs.29, 835 crores as at
the end of January 2003, representing broadly, the assets of US 64 scheme,
assured return and certain other schemes. The Specified Undertaking of Unit
Trust of India, functioning under an administrator and under the rules framed by
Government of India and does not come under the purview of the Mutual Fund
Regulations.
The second is the UTI Mutual Fund Ltd, sponsored by SBI, PNB, BOB and
LIC. It is registered with SEBI and functions under the Mutual Fund
Regulations. With the bifurcation of the erstwhile UTI which had in March
2000 more than Rs.76,000 crores of assets under management and with the
setting up of a UTI Mutual Fund, conforming to the SEBI Mutual Fund
Regulations, and with recent mergers taking place among different private
sector funds, the mutual fund industry has entered its current phase of
consolidation and growth. As at the end of September, 2004, there were 29
funds, which manage assets of Rs.153108 crores under 421 schemes.
The graph indicates the growth of assets over the years.
160000
154018
140000
80000 79464
60000
47000
40000
20000
4564
0 25
Mar-65 Mar-87 Mar-93 Jan-03 Mar-03 Sep-03 May-04
Years
There are many entities involved and the diagram below illustrates the
organizational set up of a mutual fund:
ELSS
Income
Market
Gilt
Balanced
Money
Growth
Fund Type
40% 38%
35%
30% [Assets
25%
21%
20% 19%
17%
15%
10%
5%
5%
0%
Bank
Joint-I
Joint-F
Private
Institutions
Fund Type
Financial System is basically responsible for the major up and downs in the
economy. So, there are some regulatory bodies on it which ensures
effectiveness in the management of fund of the investors and transparency in
the transactions.
Ministry of Finance
[Regulatory bodies]
1. Bajaj Capital
Services provided
Merchant banking
Buying and Selling of Money Market Investments
Distribution of financial products
Investment Advisory Service
Financial Planning
» Investment planning
» Retirement planning
Management Education & Research Institute, New Delhi Page36
» Insurance planning
» Children's future planning
» Tax planning
» Short-term cash flow planning
2.MCS Ltd.
Volumes Handled
Share registry activities for over 100 corporate servicing over 10 million
investors.
Mutual fund operations for 25 funds, servicing over 4.5 million investors.
Billing & settlement plan for Indian operations of IATA Geneva for 1.2
million tickets per annum covering (26 airlines & over 1200 agents).
Services Offered:
MCS is a major player in these activities in the Country with a market share of
about 25%. MCS today provides these services to over 140 Corporate and
Mutual Funds for a total investor base of 15 million.
3. N.J.India Investments Pvt. Ltd.
NJ India Invest (formerly known as NJ Capital stocks) was started in 1994 to
cater to the growing financial services sector. NJ India Invest evolved out as a
client focused need based investment advisory firm. NJ regards mutual fund as
one of the best investment avenue available to satisfy any kind of investment
need.
Services offered:
Merchant Banking
Demat Service
Stock Broking
5. HDFC
Demat Service
Life Insurance
Banking Service
Housing Finance
Vehicle Finance
Education Loan
Personal Loan
Mutual Fund
Kotak Securities is a corporate member of both the BSE and the NSE. It is also
a depository participant with the National Securities Depository Limited
(NSDL) for trading and settlement of dematerialized shares.
Services offered:
Stock Broking
Financial Product Distribution
Demat Services
Investment Advisory Services
Motilal Oswal Securities Ltd (MOSt) is one of the leading equity research and
broking houses of India. MOSt has a 20-member research team, which is
engaged round the clock in analyzing the Indian economy and corporate sectors
to identify equity investment ideas. Asia Money Broker's Poll 2002 has rated
MOSt as one of the best Indian broking house, for research, for the second time
since 2000.
Motilal Oswal is member of NSDL and CDSIL for DP. It has wide network of
branches. It has 158 branches all over India.
Services Offered:
Demat Services
Stock Broking
Investment Advisory Service
Mutual funds serve as a link between the saving people and the capital market
in that they mobilize saving from investors and bring them to borrowers in the
capital markets. In short, it is a common pool of money into which investors
place their contribution that is to be invested in accordance with a stated
objective.
A mutual fund uses the money collected from the investors to buy those assets,
which are specially permitted by its stated investment objective. When an
investor subscribes to a mutual fund, he/she buys a part of asset or the pool of
funds that are outstanding at that time.
In India SEBI Regulations Act, 1996, guides the formation and operation of
Mutual Funds. A Mutual Fund comprises of 4 separate entities.
1. Sponsor
2. Board of Trusties
3. Asset Management Company
4. Custodian and Depositories
5. Distributors
1. Sponsor:
“Sponsor” is defined under SEBI regulation as any person who, acting alone or
in combination with another body corporate, establishes a mutual fund. The
sponsor gets the fund registered with SEBI. The sponsors form a trust and
appoint a Board of Trustees.
The sponsor must contribute at least 40% of the net worth of the AMC.
The sponsor must posses a sound financial track record over 5 years prior
to registration.
2. Board of Trustees:
The trustees appoint the AMC and custodian with the prior approval of
SEBI.
They also approve all the schemes floated by the AMC.
They have right to dismiss the AMC, with the approval of SEBI.
Half of the trustees should be independent persons. Neither the AMC, nor
its employees can act as trustee.
The role of an AMC is to act as the investment manager of the Trust under the
Board supervision and direction of the Trustees.
The AMC is required to be approved and registered with SEBI.
The AMC of a Mutual Fund must have a net worth of at least Rs. 10
crore at all time.
The AMC can not act as a trustee of any other Mutual Fund.
They will float schemes only after obtaining the prior approval of the
Trustees and SEBI.
The director of AMC should be a person of reputed of high standing and
at least have five years experience in relevant field.
AMC can be terminated with 75% unit holders or majority of trustees.
As per SEBI Regulations Mutual Funds shall have a custodian who is not any
way associated with the AMC. It carry outs the activity of safe keeping the
securities or participating, in any clearing system. The custodian should be
independent from sponsors and AMC and should have a sound track record and
adequate relevant experience.
As Indian capital markets are moving away from having physical certificates to
ownership of these securities in “dematerialized” form with Depository. Mutual
Fund’s “dematerialized” securities are hold by depository participant.
5. Distributors:
For a fund to sell units across a wide retail base of individual investors, an
established network of distribution agents is essential. AMCs usually appoint
Distributors or Brokers, who sell units on behalf of the fund. A broker usually
acts on behalf of several mutual funds simultaneously and may have several
sub-brokers under him for the purpose of distribution of units.
Worldwide, the mutual fund has a long and successful history. The popularity
of mutual fund has increased manifold. In developed financial market, like US
mutual funds have almost overtaken bank deposits and total assets of over US $
3 trillion.
In India, Mutual Fund industry started with the setting up of UTI in 1964.
Public sector banks and financial institution began to establish Mutual Funds in
1987. The private sector and foreign institutions were allowed to set up Mutual
Fund in 1993.
A Mutual Fund is a trust that pools the savings of a number of investors who
share a common financial goal. The money thus collected is then invested in
capital market instruments such as shares, debentures and other securities. The
income earned through these investments and the capital appreciation realized
is shared by its unit holders in proportion to the number of units owned by
them. Thus a Mutual Fund is the most suitable investment for the common man
as it offers an opportunity to invest in a diversified, professionally managed
basket of securities at a relatively low cost.
Advantages:
1. Portfolio Diversification:
Each investor in a fund is a part owner of all the funds assets, thus enabling
investor to hold a diversified investment portfolio even with a small amount of
investment, which would otherwise require big capital.
2. Professional Management:
3. Diversification:
The investors bear all the cost of investing such as brokerage or custody of
securities. When going through the fund investor has the benefit of economies
of scale; the funds pay lesser cost because of larger volumes, a benefit passed
on to its investors.
5. Liquidity:
By investing in Mutual Funds the investors can cash their investment by selling
their units to the fund if open-ended, or selling them in the stock market if the
fund is close ended.
7. Tax Benefits:
The investors are totally exempt from paying any tax on the income they
receive from the Mutual Funds.
Investment up to 10000 in ELSS qualifies for tax rebate of 20%.
8. Regulatory oversight:
9. Convenience:
You can usually buy mutual fund shares by mail, phone, or over the Internet.
Limitations:
An investor in a mutual fund has no control over the overall cost of investing.
He/she has to pay investment management fees as long as he/she remains with
the fund. Fees are payable even while the value of the investment may be
declining.
Investors who invest on their own can build their own portfolios of shares and
bonds and other securities. Investing through fund means he/she delegates this
decision to the fund managers.
Availability of a large number of funds can actually mean too much choice for
the investor. He/she may again need advice on how to select a fund to achieve
his/her objectives, quite similar to the situation when he/she has to select
individual shares or bonds to invest in.
When large bodies like a fund invest in shares, the concentrated buying or
selling often result in adverse price movements i.e. at the time of buying, fund
has to pay high and vise-versa. But now SEBI has confirmed that no AMC can
charge entry load on new mutual fund.
5. No Guarantees:
No investment is risk free. If the entire stock market declines in value, the value
of mutual fund shares will go down as well, no matter how balanced the
portfolio. Investors encounter fewer risks when they invest in mutual funds than
when they buy and sell stocks on their own. However, anyone who invests
through a mutual fund runs the risk of losing money.
From above cycle, it can be observed clearly that how the money from the
investors flow and they get returns out of it. With a very small amount of fund,
investors pool their money with fund managers.
After studying the market, the fund manager invests money of the investors in
various securities like shares, bonds, debentures, government securities etc. to
achieve goal of the investors.
With ups and downs in the market returns are generated and they are passed on
to the investors in form of dividend or capital gain or lost. The above cycle is
very clear and also very effective.
By Objective
Equity Fund Debt Fund Balanced Fund Money Market Gilt Fund
By Duration
By Load
Other Fund
A balanced fund is one that has a portfolio comprising debt instruments as well
as preference and equity shares. The idea is to reduce volatility of funds, while
The major strength of money market funds are the liquidity and safety of
principal that the investors can normally expect from short term investments.
The leading examples are
These funds are sort of government funds wherein the investments are made in
debt instrument of government, which carry no risk of non payment of interest
as the RBI manages the payment of interest and principal on the investments.
These funds are best suited for regular income and long term investment
objectives.
Risk
Benefits offered by
Tolerance/Return Focus Suitable Products
MFs
Expected
Diversification,
Capital Market, Equity
Expertise in stock
High Equity Funds (Diversified as well
picking, Liquidity, Tax
as Sector)
free dividends
Marketing of new mutual fund scheme involves initial expenses. These initial
expenses may be recovered from the investors by entry or exit load.
But now SEBI has confirmed that AMC can not charge entry load on new
mutual fund.
The load amount charged to the scheme over a period of time is called a
deferred load.
Funds that don’t charge entry, exit, or deferred load or any other charges for
sales expenses are called no load funds.
Now, generally all Mutual Fund companies charge 2 to 2.5% entry load
on equity fund.
There is 0.25 to 1% exit load on gilt and income fund if investors exit
from fund before specified time which is generally 3 to 6 months.
These schemes offer tax rebates to the investors under specific provisions of the
Income Tax Act, 1961 as the Government offers tax incentives for investment
in specified avenues. E.g. Equity Linked Saving Scheme (ELSS). Pension
schemes also offer tax benefits.
Index Funds replicate the portfolio of a particular index such as the BSE
Sensitive index, S&P NSE 50 index (Nifty), etc. These schemes invest in the
securities in the same weightage comprising of an index. NAV of such funds
are changed accordance with the change in the index.
These are the funds which invest in the securities of only those sectors or
industries as specified in the offer documents. E.g. Pharmaceuticals, Software,
Petroleum etc. These types of funds are more risky compared to diversified
funds.
Birla IT Fund,
Pru. ICICI FMCG Fund,
Management Education & Research Institute, New Delhi Page54
Franklin India Pharma Fund etc.
Primary Objective:
Secondary Objectives:
1. Research Design:
A research design serves as a bridge between what has been established i.e., the
research objectives and what is to be done, in conduct of the study to relish
those objectives. If there were no research design, the research would have only
foggy notions as about what is to be done.
2. Unit of Analysis:
Characteristics of interest:
3. Sources of Data:
a. Primary Source:
The primary data is collected using sampling method and by survey using
questionnaire.
b. Secondary Source:
Management Education & Research Institute, New Delhi Page57
Secondary data includes information regarding present market scenario,
Information regarding Mutual Funds and competitors are collected by Internet,
Magazines and News papers and books.
4. Sample Planning:
Sampling Design:
I have used ‘Survey Method’ to collect data. I have collected data using
questionnaire.
Questionnaire Plan
Type of Information:
I have collected Fact, Awareness, Attitude, Future action plan and reason using
questionnaire.
Type of Questions:
1. Percentage of investors
Inference : Graph shows that 30% of people are investing in mutual fund.
That mean it is a good opportunity for the company as they can grap the
rest unaware people to being them investor in mutual fund by making
them aware about mutual fund.
Inference: Graph shows that 40% people are investing in mutual fund
once a month. So company suggests people about SIP and company
suggest rest of the people about the benefits of SIP.
Inference: Graph shows that 66% of people have few knowledge about
mutual fund and 10 % of people do not know about mutual fund. That
means company can make fully aware about mutual fund to people and
tell them benefit associated with mutual fund so that they will invest in
Mutual fund.
Data Analysis and interpretation done may not be that strong due to small
sample and ‘Convenience Sampling Method’.
Loan syndication
Arrangement of loans for clients, by analysing their cash flow pattern, so that
the terms of borrowing meet the client’s cash requirements and offer assistance
in loan documentation procedures.
Portfolio
NAV
Net Asset Value is the current market worth of the mutual fund shares. It is
calculated daily by taking the funds total asset securities, cash and any accrued
earning deducting liabilities, and dividing the reminder by the number of shares
outstanding.
Depository
IPO
b.)Do you know that you can get Tax Advantages by investing in Mutual
Funds?
[ ] Yes
Management Education & Research Institute, New Delhi Page68
[ ] No
[] Not Sure
You do not invest in Mutual Fund because of (you may give multiple
answers)
Name : ……………..……………….
Age :……………………………….
Occupation:………………………………
1. www.mutualfundsindia.com
2. www.amfiindia.com
3. www.themanagementor.com
4. www.dewb-vc.com
5. www.karvy.com
6. www.indiacorporateadvisor.com
7. www.nsdl.co.in
8. www.incometaxdelhi.nic.in
9. www.incometaxindia.gov.in
10. D.C.Anjaria & Dhaivat Anjaria, “AMFI Workbook”, Ed. – 2 (Association of
Mutual Funds in India)