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T
What is mean by mutual fund?
MutualTfundsTareTpoolsTofTmoneyTthatTareTmanagedTbyTanTinvestmentTcompany.TT
heyTofferTinvestorsTaTvarietyTofTgoals,TdependingTonTtheTfundTandTitsTinvestmentTc
harter.TSomeTfunds,TforTexample,TseekTtoTgenerateTincomeTonTaTregularTbasis.TOthe
rsTseekTtoTpreserveTanTinvestor'sTmoney.TStillTothersTseekTtoTinvestTinTcompaniesTt
hatTareTgrowingTatTaTrapidTpace.TFundsTcanTimposeTaTsalesTcharge,TorTload,TonTin
vestorsTwhenTtheyTbuyTorTsellTshares.TManyTfundsTtheseTdaysTareTnoTloadTandTim
poseTnoTsalesTcharge.TMutualTfundsTareTinvestmentTcompaniesTregulatedTbyTtheTInv
estmentTCompanyTActTofT1940.TRelated:Topen-endTfund,Tclosed-endTfund.
Internal TBalanced
SectorTschemes
TMoneyTMarket
Advantages of Mutual Funds
T
Diversification.
Professional Management.
Liquidity(mainlyTinTcaseTofTopenedTmutualTfunds).
Regulatory.
Convenience.
Low-cost.
ReductionTofTtransactionTcost.
DiverseTreturns.
AdvantagesTtoTIndustrialTconcern.
Tax relief.
AttractTforeignTCapital.
Reduction/TDiversificationTofTrisk.
DrawbacksTofTMutualTfund
Not guaranties.
FeesT&TCommission.
Taxes.
Management Risk.
Company profile
HDFCTMutualTFund
THDFCTmutualTfundTwasTsetTupTonTJuneT30,T2000TwithTtwoTsponsorsTnamelyTHo
usingTDevelopmentTFinanceTCorporationTltd.TandTStandardTLifeTInsuranceTltd.THDFC
TmutualTfundTcameTintoTexistenceTonT10TDec.T1999TandTgotTapprovalTfromTtheTSE
BITonT3rdTJulyT2000.THousingTDevelopmentTFinanceTCorporationTLimited,TmoreTpo
pularlyTknownTasTHDFCTBankTLtd,TwasTestablishedTinTtheTyearT1994,TasTaTpartTof
TtheTliberalizationTofTtheTIndianTBankingTIndustryTbyTReserveTBankTofTIndiaT(RBI).
TItTwasToneTofTtheTfirstTbanksTtoTreceiveTanT'inTprinciple'TapprovalTfromTRBI,Tfor
TsettingTupTaTbankTinTtheTprivateTsector.TTheTbankTwasTincorporatedTwithTtheTnam
eT'HDFCTBankTLimited',TwithTitsTregisteredTofficeTinTMumbai.TTheTfollowingTyear,
TitTstartedTitsToperationsTasTaTScheduledTCommercialTBank.TToday,TtheTbankTboasts
TofTasTmanyTasT1412TbranchesTandToverT3275TATMsTacrossTIndia.
ProductsTandTSchemesTofTHDFCTmutualTfundT
EquityTfunds.
BalancedTfunds.
Debt funds.
LiquidTfunds.T
PrudentialTICICITMutualTFund
TTheTmutualTfundTofTICICITisTaTjointTventureTwithTPrudentialTPLC.TOfTAmerica,T
oneTofTtheTlargestTlifeTinsuranceTcompaniesTinTtheTUSA.TPrudentialTICICITmutualTf
undTwasTsetTupTonT13thTofTOct.T1993TwithTtwoTsponsors.TICICITBankTstartedTasT
aTwhollyTownedTsubsidiaryTofTICICITLimited,TanTIndianTfinancialTinstitution,TinT199
4.TFourTyearsTlater,TwhenTtheTcompanyTofferedTICICITBank'sTsharesTtoTtheTpublic,T
ICICI'sTshareholdingTwasTreducedTtoT46%.TInTtheTyearT2000,TICICITBankTofferedT
madeTanTequityTofferingTinTtheTformTofTADRsTonTtheTNewTYorkTStockTExchange
T(NYSE),TtherebyTbecomingTtheTfirstTIndianTcompanyTandTtheTfirstTbankTorTfinanci
alTinstitutionTfromTnon-
JapanTAsiaTtoTbeTlistedTonTtheTNYSE.TInTtheTnextTyear,TitTacquiredTtheTBankTofT
MaduraTLimitedTinTanTall-
stockTamalgamation.TLaterTinTtheTyearTandTtheTnextTfiscalTyear,TtheTbankTmadeTsec
ondaryTmarketTsalesTtoTinstitutionalTinvestorsT
T
TProductsTandTSchemesTofTHDFCTmutualTfundT
EquityTfunds.
BalancedTfunds.
Debt funds.
Liquid funds.
Children’sTgiftTfundT
OtherTPlayersTinTMutualTFund
BankTofTBarodaTmutualTfundT(BOBTMF)T30OCT.T1992.
Benchmark mutual fundsT(JuneT12T2001).
BirlaTSunTlifeTMFT(1871).
CholaTmutualTfundT(3TJan.T1997).
CanTbankTmutualTfundT(Dec.T19,T1987).
LICTmutualTfundT(19thTJune,T1989).
RelianceTmutualTfundT(30June,T1995).
SaharaTmutualTfundT(18TJuly,T1996).
GICT(GeneralTInsuranceTCorporationTofTIndia).TEtc.T
Review of literature
ICICITBankTisTIndia'sTsecond-largestTbankTwithTtotalTassetsTofTaboutTRs.T1
trillionTandTaTnetworkTofTaboutT540TbranchesTandTofficesTandToverT1,000
ATMs.TICICITBankToffersTaTwideTrangeTofTbankingTproductsTandTfinancial
servicesTtoTcorporateTandTretailTcustomersTthroughTaTvarietyTofTdelivery
channelsTandTthroughTitsTspecializedTsubsidiariesTandTaffiliatesTinTtheTareas
ofTinvestmentTbanking,TlifeTandTnon-BankingT,TventureTcapital,Tasset
managementTandTinformationTtechnology.TICICITBank'sTequityTsharesTare
listedTinTIndiaTonTstockTexchangesTatTChennai,TMuzaffarnagar,TKolkataTand
Vadodara,TtheTStockTExchange,TMumbaiTandTtheTNationalTStockTExchange
ofTIndiaTLimitedTandTitsTAmericanTDepositaryTReceiptsT (ADRs)TareTlistedTon
theTNewTYorkTStockTExchangeT(NYSE).
HDFCTBank’sTexposureTtoTmarketTriskTaTfunctionTofTitsTtradingTandTasset
andTliabilityTmanagementTactivitiesTandTitsTroleTasTaTfinancialTintermediary
inTcustomer-
relatedTtransactions.THDFCThadTtriedTitsTbestTinTmutualTfundTsector.TItThasTgrownT
upTitsTmarketTshareTinTaTmeanwhileTtime.TTheTobjectiveTofTmarketTriskTmanagemen
tTisTtoTminimizeTtheTimpactTofTlossesTdueTtoTmarketTrisksTonTearningTandTequityT
capital.
Need scope objective
TheTneedTofTstudyTarisesTforTlearningTtheTvariablesTavailableTthatTdistinguishTtheTm
utualTfundTofTtwoTcompanies.
ToTknowTtheTriskT&TreturnTassociatedTwithTmutualTfund.
ToTchoseTbestTcompanyTforTmutualTinvestmentTbetweenTHDFCT&TICICI.
ToTprojectTmutualTfundTasTtheT‘productiveTavenueTforTinvestingTactivities.
ScopeTofTtheTstudy
ToTmakeTpeopleTawareTaboutTconceptTofTmutualTfund.
ToTprovideTinformationTregardingTadvantagesTandTdemeritsTofTmutualTfund.
ToTadviceTwhereTtoTinvestTorTnotTtoTinvest.
ToTprovideTinformationTregardingTtypesTofTmutualTfundTwhichTisTbeneficialTforTwho
m.
ObjectivesT
.
ToTanalysisTwhichTprovidesTbetterTreturnsTfromTHDFCT&ICICI.
ToTanalyzeTtheTconceptTandTparametersTofTmutualTfund.
ToTknowThowTmanyTpeopleTareTsatisfiedTbyTtheirTinvestmentT(inTHDFCTorTICICI).
T
ToTknowTpeopleTbehaviorTregardingTriskTfactorTinvolvedTinTmutualTfund.T
.
TResearchTmethodologyT
ResearchTrefersTtoTsearchTforTknowledge.TOneTcanTalsoTdefineTresearchTasTaTscienti
ficTandTsystematicTsearchTforTpertinentTinformationTonTaTspecificTtopic.TItTisTanTart
TofTscientificTinvestigation.
Research Methodology: -
TItTisTtheTwayTtoTsystematicallyTsolveTaTproblem.TTheTmethodologyTadoptedTinTthis
TstudyTisTexplainedTbelow:-
Research Design
TProblemTDefining:
InTaTcompetitiveTsituationTwithTmultipleTmutualTfundsToperatingTinTIndianTmarket,Tit
TisTnecessaryTtoTknowTaboutTtheTperformanceTofTdifferentTmutualTfundsTasTtheTperf
ormanceTofTmutualTfundTdecidesTaboutTtheTfutureTofTMutualTFundTCompany.TInTthi
sTstudyTmyTfocusTisTuponTperformanceTofTinvestorsTregardingTHDFCT&ICICI.TThis
TisTmyTproblemTtoTbeTstudiedTforTresearch.
TypeTofTresearch:T
TTheTresearchTisTqualitativeT&TdescriptiveTinTnature.TQualitativeTresearchTisTthatTtal
kTaboutTtheTqualityTofTtheTsubjectTtoTbeTresearchedTandTDescriptiveTresearchTisTon
eTthatTdescribesTthingsTasTexistsTinTpresent.
DataTcollectionTDesign:T
T
SourcesTofTdataT=T
PrimaryTSourcesT–
TIThaveTusedTquestionnaireTasTprimaryTsourceTforTcollectingTdataTforTmyTstudy.
SecondaryTsourcesT–
TIThadTcollectedTmyTsecondaryTdataTfromTwebsitesT&Tjournals.T
T
Sampling
TItTrepresentsTwholeTpopulation.TItTisTtheTprocessesTofTchoosingTaTsampleTfromTwh
oleTpopulationT.IThaveTchooseTaTsampleTofThighTclassT&TmiddleTclassTpeopleTwho
ThaveTinvestedTinTmutualTfundsTasTaTsample.
Tools=
TIThaveTusedTsomeTchartsT(PieTchart,TcolumnTchart,TcylinderTchart,TconeTchart)Tand
ThypothesisTtestsT(chi-squareToneTsampleTT-TtestTetc.)T
T
SamplingTSizeT=
TItTrepresentsTthatThowTmanyTcandidatesTyou’veTchosenTtoTbeTfilledTupTyourTquesti
onnaireTorTcandidatesTuponTwhomTyouTcanTstudy.TIThadTchosenTsampleTofT50Tcand
idates.
T
DataTInterpretationT=T
TDataTinterpretationTisTthatTinTwhichTweTanalysisTtheTwholeTcollectedTdataT&Ttries
TtoTgiveTitTinTsimpleTwordsTtoTbeTunderstandable.
Analysis
1.TDoTyouTinvestTinTmutualTfund?
T
T.
YES 100
00
NO
120
100
100
80
60
40
20
0
0
YES NO
Interpretation: -
AllTtheTcandidatesTwhoTareTaskedTtoTfillTtheTquestionnaireThaveTinvestedTinTmutual
Tfund.
2.TWithTwhichTcompanyTdoTyouThaveTinvestedTinTmutualTfunds?
T
T
HDFC T65
ICICI T35
Reliance T0
SBI T0
LIC T0
KotakTMahindra T0
Others T0
70 65
60
HDFC
50 ICICI
Reliance
40 35
SBI
30 LIC
20 Kotak Mahindra
Others
10
0 0 0 0 0
0
Interpretation:
OutTofT100TcandidatesTupTtoT65haveTinvestedTinTmutualTfundTwithTHDFCT&T35Th
aveTinvestedTwithTICICI.TThereTisTnoTinvestorTwhoThaveTinvestedTinTmutualTfundT
withTanyTanotherTcompany.
ObservedTN ExpectedTN Residual
HDFC
65 50.0 15.0
ICICI
35 50.0 -15.0
Total
100
Test Statistics
VAR00001
Chi-Square 9.000a
df 1
Asymp.TSig. .003
a.T0TcellsT(.0%)ThaveTexpectedTfrequencie
sTlessTthanT5.TTheTminimumTexpectedTcel
lTfrequencyTisT50.0.
T
T
3.TWhatTisTyourTage?
T
T.
T8
15-25
25-35 T12
35-45 T60
MoreTthanT45 T20
T
T
60
60
50
40 15-25
25-35
30
35-45
20
20 More than 45
12
10 8
Interpretation:
60TinvestorsTareTofTageTbetweenT35-
45.T20TareTofTageTmoreTthanT45.T12TareTofTbetweenTofT25-35.T8TareTofT15-
25.TThisTdataTshowsTthatTmanyTinvestorsTareTofTmiddleTageT&TthereTareTlessTinves
torsTofTyoungTageTinTmutualTfund.T
One-Sample Statistics
Std.TErrorTMe
N Mean Std.TDeviation an
VAR00001
100 2.9200 .80000 .08000
One-Sample Test
TestTValueT=T0T
95%TConfidenceTInterval
TofTtheTDifference
Sig.T(2- MeanTDiffer
t df tailed) ence Lower Upper
VAR0000
36.500 99 .000 2.92000 2.7613 3.0787
1
T
4.TWhatTisTyourTincome?T(Yearly based)
T1Tlakh T0
T T2-4Tlakh T10
T4-5Tlakh T20
TMoreTthanT5 T70
70
70
60
50
1 lakh
40 2-4 lakh
30 4-5 lakh
20 More than 5
20
10
10
0
0
T
Interpretation:
TUpTtoT70TinvestorsThaveTincomeTmoreTthanT5Tlakh.T20ThaveTbetweenT4-
5Tlakh.10TinvestorsThaveTincomeTbetweenT2-
4TlakhT&TthereTisTnoTinvestorTwhoThaveTincomeTupTtoT1akh.T
ObservedTN ExpectedTN Residual
1Tlakh 8 25.0 -17.0
2-4Tlakh 12 25.0 -13.0
4-5Tlakh 60 25.0 35.0
moreTthanT5 20 25.0 -5.0
Total 100
TestTStatistics
VAR00001
Chi-Square 68.320a
df 3
Asymp.TSig. .000
a.T0TcellsT(.0%)ThaveTexpectedTfrequencies
TlessTthanT5.TTheTminimumTexpectedTcellT
frequencyTisT25.0.
5.TFromTwhereTyouTcomeTtoTknowTaboutTthisTcompany’sTmutualTfundTschemes?
T
T
FamilyT&TrelativesT T35
T
FriendsT&Tpeers T40
CompanyTemployee T15
Others T10
40
40
35
35
25
Friends & peers
20
15 Company employee
15
10
10 Others
Interpretation:
ManyTinvestorsT(upTtoT40)ThaveTbeenTcomeTtoTknowTaboutTtheTcompanyTtoTbeTinv
estedTbyTtheirTfriendsT&Tpeers.35ThaveTbeenTknownTbyTtheirTfamilyT&TrelativesT.1
5haveTbeenTcomeTtoTknowTbyTcompanyTemployeesT&T10TbyTothers.TThisTmeansTm
anyThaveTcomeTtoTknowTbyTtheirTfriendsT&Tpeers.T
T
ObservedTN ExpectedTN Residual
FamilyT&Trelatives 35 25.0 10.0
friendsT&Tpeers 40 25.0 15.0
CompanyTemploye
15 25.0 -10.0
e
Others 10 25.0 -15.0
Total 100
VAR00001
ObservedT ExpectedT
N N Residual
FamilyT&Trelativ
35 25.0 10.0
es
friendsT&Tpeers 40 25.0 15.0
CompanyTemploy
15 25.0 -10.0
ee
Others 10 25.0 -15.0
Total 100
6.TWhatTisTtheTtimeTdurationTofTyourTinvestment?
T
T0-1TyearT T15
T1-2TyearT T35
T2-4year T30
TmoreTthanT4 T20
35
35
30
30
25
0-1 year
20
20 1-2 year
15
15 2-4year
more than 4
10
5
0
Interpretation:
15TinvestorsThaveTtimeTofTinvestmentTlessTthanToneTyear.T20ThaveTtimeTdurationTof
TtheirTinvestmentTbetweenTofT1-2Tyear.T30ThaveTbetweenT2-
4TyearT&T35ThaveTmoreTthanT4Tyears.
So,TweTcanTsayTthatT35TinvestorsThaveTmoreTexperienceTthanTothers.
ObservedTN ExpectedTN Residual
0-1Tyear 15 25.0 -10.0
1-2Tyear 35 25.0 10.0
2-4Tyear 30 25.0 5.0
moreTthanT4 20 25.0 -5.0
Total 100
TestTStatistics
VAR00001
Chi-Square 10.000a
df 3
Asymp.TSig. .019
a.T0TcellsT(.0%)ThaveTexpectedTfrequenciesTl
essTthanT5.TTheTminimumTexpectedTcellTfre
quencyTisT25.0.
7.TAreTyouTsatisfiedTbyTserviceTofTtheTcompany’sTemployeesT/Tpeople’sTbehavior?
THighlyTsatisfied T15
T
TSatisfiedT T35
T T
TNeutral T30
TDissatisfied T15
T
T THighlyTDissatisfied T5
35
35
30
30 Highly satisfied
25 Satisfied
20
15 15 Neutral
15
10 Dissatisfied
5
5 Highly Dissatisfied
Interpretation:
TOutTofT100TinvestorsT15TareThighlyTsatisfied.T35TareTsatisfied.T30TareTneutralTtow
ardsTemployeeTbehaviorTofTaTcompany.T15TareTdissatisfied.T5TareThighlyTdissatisfied.
TWeTsayTthatTmanyTpeopleTareTsatisfiedTbyTemployeeTbehavior.T
ObservedTN ExpectedTN Residual
highlyTsatisfied 15 20.0 -5.0
satisfied 35 20.0 15.0
neutral 30 20.0 10.0
dissatisfied
15 20.0 -5.0
highlyTdissatisfied 5 20.0 -15.0
Total
100
TestTStatistics
VAR00002
Chi-Square 30.000a
df 4
Asymp.TSig. .000
a.T0TcellsT(.0%)ThaveTexpectedTfrequenc
iesTlessTthanT5.TTheTminimumTexpected
TcellTfrequencyTisT20.0.
8.TWhatTisTyourTriskTprofile?
Innovator T20T
Moderate T65
70 65
60
50
Innovator
40
Moderate
30 Risk adverse
20
20 15
10
0
Innovator Moderate Risk adverse
Interpretation:
T20%TinvestorsTareTinnovatorTmeansTtheyTlikeTtoTtakeTriskTforTmoreTreturns.T15%T
areTmoderateTtowardsTriskTmeansTtheyTareTindifferentTtowardsTrisk.T65%TareTriskTa
dverseTmeansTtheyTmainlyTtryTtoTavoidTrisk.T
ObservedTN ExpectedTN Residual
innovator
20 33.3 -13.3
moderate
65 33.3 31.7
risk adverse
15 33.3 -18.3
Total
100
TestTStatistics
VAR00002
Chi-Square 45.500a
df 2
Asymp.TSig. .000
a.T0TcellsT(.0%)ThaveTexpectedTfrequenciesTlessTth
anT5.TTheTminimumTexpectedTcellTfrequencyTisT33
.3.
9.TWhatTyouTfeelTaboutTtheTcompanyTnorms,TdocumentationT&Tformalities?
THighlyTSatisfied T15
T TSatisfied T25
TNeutral T40
TDissatisfied T15
THighlyTdissatisfied T5
5% THighlyTSatisfied
15%
15%
TSatisfied
TNeutral
25%
TDissatisfied
40% THighly
Dissatisfied
Interpretation:
15%TinvestorsTareThighlyTsatisfiedTbyTcompany’sTdocumentationTpolicyT(fillingTupTt
heTformsTetc.).T25%TareTsatisfied,T40%TneverTcaresTaboutTitTorTareTmoderateTtowar
dsTitT,T15%TareTdissatisfiedTbyTitT&T5%TareThighlyTdissatisfied.T
ObservedT ExpectedT
N N Residual
highlyTsatisfied 15 20.0 -5.0
satisfied 25 20.0 5.0
neutral 40 20.0 20.0
dissatisfied 15 20.0 -5.0
TestTStatistics
highlyTdissatisfie
5 20.0 -15.0
d
VAR00002
Total 100
Chi-Square 35.000a
df 4
Asymp.TSig. .000
a.T0TcellsT(.0%)ThaveTexpectedTfrequenciesTless
TthanT5.TTheTminimumTexpectedTcellTfrequency
TisT20.0.
10.TWhatTyouTsayTwhichTprovidesTbetterTreturns?
T
T THDFC T68
TICICI T32
T
T
70 68
60
50
40 HDFC
32
ICICI
30
20
10
Interpretation:
AccordingTtoTcollectedTdataT68TinvestorsTthinksTthatTHDFCTprovidesTbetterTreturnsT
whereTasT32TtoTthinkTthatTICICITprovidesTbetterTreturns.
T
ObservedTN ExpectedTN Residual
HDFC
68 50.0 18.0
ICICI
32 50.0 -18.0
Total
100
TestTStatistics
VAR00001
Chi-Square 12.960a
df 1
Asymp.TSig. .000
a.T0TcellsT(.0%)ThaveTexpectedTfrequencies
TlessTthanT5.TTheTminimumTexpectedTcellT
frequencyTisT50.0.
Findings:T-TInTmyTresearchTIThaveTfoundedTfollowingTthings:-
InvestorsThaveTmoreTfaithTHDFC’sTmutualTfund.
AsTtheTageTincreasesTinvestorsTareTmuchTsatisfied,TseeTmoreTriskT&TbecomeTmoreT
riskTadverse.
OldTpeopleT&WidowsTpreferTlowerTrisk.
InvestorsTareTnotThighlyTsatisfiedTbyTcompanyTrulesT&TemployeeTbehavior.
InvestorsTthinkTthatTHDFCTprovidesTbetterTreturnsTthanTICICI.
Limitations:T-TThereTareTsomeTlimitationsTofTmyTstudy,TthoseTareTasT
TFollowing:-
T
SampleTlimitation:T-
TwhichTsampleTisTtakenTbyTmeTisTveryTsmallTinTsizeTtoTCompareTmutualTfundTofT
twoTcompanies.
Reliability:T-
TTheTdataTcollectedTbyTmeTisTnotTmuchTreliableTbecauseTmanyTinvestorsTchosenTby
TmeThaveTinvestedTinTHDFC.T
Parameters:T-TAllTtheTparametersThaveTnotTbeenTtaken.
Awareness:T-
TInvestorsTchosenTforTstudyTareTnotTfullyTawareTofTallTtheTtermsTandTconditionsTre
latedTtoTmutualTfundT.So,TitTisTveryTdifficultTtoTconstructTrightTinformationTfromTth
em.T
RecommendationsT/TSuggestions:T-
TInTmyTstudyTIThaveTfoundTsomeTlimitations.TForTthatTITcanTsuggestTbothTcompani
esTfollowingTsuggestionsTorTareasTofTimprovement:-
ICICITbankTshouldTtryTtoTprovideTbetterTreturnsTtoTitsTinvestorsTasTcompareTtoTHD
FC.
BothTcompaniesTshouldTtryTtoTinvestTinTbetterTsecuritiesTforTbetterTprofits.
BothTcompaniesTshouldTtryTtoTsatisfyTtheirTcustomerTbyTbetterTcustomerTserviceTorT
byTimprovingTcustomerTrelationshipTmanagement.CompaniesTshouldTtryTtoTmakeTpeop
leTinitiativeTtowardsTrisk.InvestorsTshouldTbeTmadeTfullyTawareTofTtheTconceptTofT
mutualTfundT&TallTtheTtermsTandTconditions.TItTshouldTmoreTemphasizeTinTadvertisi
ng,TasTitTisTtheTmostTPowerfulTtoolTtoTpositionTantTbrandTinTtheTmindsetsTofTcusto
mers
T
T
T
Conclusion:T-
TToTconcludeTweTcanTsayTthatTmutualTfundTisTaTveryTmuchTprofitableTtoolTforTinv
estmentTbecauseTofTitsTlowTcostTofTacquiringTfund,TtaxTbenefit,TandTdiversificationT
ofTprofitsT&TreductionTofTrisk.TManyTinvestorsTwhoThaveTinvestedTinTmutualTfundT
haveTinvestedTwithTHDFCTandTthemTalsoTthinksTthatTitTprovidesTbetterTreturnsTthan
TICICIT.ThereTisTalsoTanTaffectTofTageTonTmutualTfundTinvestorsTlike;ToldTpeopleT
&TwidowsTwantTregularTreturnsTthanTcapitalTappreciation.TCompaniesTcanTadoptTnew
TtechniquesTtoTattractTmoreT&TmoreTinvestors.TInTmyTstudyTITwasTsupposeTtoTdoT
comparativeTanalysesTtheTmutualTfundTofTHDFCT&ICICITandTIThadTfoundTthatTpeo
pleTconsiderTHDFCTbetterTthanTICICI.TButTICICIThaveTalsoTrespondentsTandTitTcan
TincreaseTitsTinvestorsTbyTimprovingTitselfTinTsomeTterms.T
ToTconcludeTweTcanTsayTmutualTfundTisTaTbestTinvestmentTvehicleTforToldT&Twido
w,TasTwellTasTtoTthoseTwhoTwantTregularTreturnsTonTtheirTinvestment.
MutualTfundTisTalsoTbetterTandTpreferableTforTthoseTwhoTwantTtheirTcapitalTapprecia
tion.
BothTtheTcompaniesTareTdoingTconsiderableTachievementsTinTmutualTfundTindustry.
ThereTareTalsoTsoTmanyTcompetitorsTinvolvedTthoseTaffectsTonTbothTcompanies.T
T
Annexure
Name________________________T Age_________
Address_____________________________________
PinT___________TSexT_________TPhoneT_________
1.TDoTyouTinvestTinTmutualTfund?
T
TYesT No.
2.TWithTwhichTcompanyTdoTyouThaveTinvestedTinTmutualTfunds?
T
THDFC TICICIT
T
TReliance TLICT
TSBITKotak TMahindraT
T
T
3.TWhatTisTyourTage?
T
25-35 TaboveT45
T
T35-45T.
4.TWhatTisTyourTincome?T(YearlyTbased)
T1Tlakh T2T-T4lakhT
T4-5T lakhTmoreTthanT5
T
5.TFromTwhereTyouTcomeTtoTknowTaboutTthisTcompany’sTmutualTfundTschemes?
T
TFamilyTmembersT&TrelativesT
T
TFriendsT&TpeersT
T
TCompany’emplooyesT
T
TOthersTPleaseTspecifyT.
6.TWhatTisTtheTtimeTdurationTofTyourTinvestment?
T
T0-1-yearT1-2TyearT
T
T2-4yearTmoreTthanT4T.
7.TAreTyouTsatisfiedTbyTserviceTofTtheTcompany’sTemployeesT/Tpeople’sTbehavior?
THighlyTsatisfiedT
T
TSatisfiedT
TNeutral
TDissatisfied
T
THighlyTdissatisfiedT.
8.TWhatTisTyourTriskTprofile?
TInnovatorT
T
TModerator
TRiskTadverse
9.TWhatTyouTfeelTaboutTtheTcompanyTnorms,TdocumentationT&Tformalities?
THighlyTsatisfiedT
TSatisfiedT
TNeutral
TDissatisfied
THighlyTdissatisfied
10.TWhatTyouTsayTwhichTprovidesTbetterTreturns?
THDFCTICICI
11.TWouldTyouTlikeTtoTexchangeTyourTinvestmentTwithToneTanotherTbetweenTHDFC
T&TICICI?
T
TYESTTNO