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m The performance of the !eliance Banking Fund was comparatively
much better when compared with UTI Banking Fund since 5 years
when we look in terms of returns.
m Though Canara !obeco debt fund performed well in 2008 !eliance
Banking fund stood in better position in 2009.
m Though !eliance regular savings fund growth showed a poor
performance in 2008 the performance picked up in 2009 but still it
could not perform much better than Sundaram BNP Paribas.
m Performance of !eliance MIP was not good when compared with
HDFC MIP. Because HDFC allocated 23.75 per cent of its assets in
equity whereas !eliance allocated only 17.38 per cent.
m !eliance Pharma Fund has performed well with 116.7 percent
absolute returns in 2009.
m Only !eliance AMC has allocated its funds in other options whereas
other AMCs allocated only in equity.
m !eliance has allocated 99.82 per cent of its funds in Debt and 40.58
per cent is concentrated in Top5 holdings and 60.28 per cent in
Top10 holdings for better fund performance.
m !eliance AMC has 38.50 per cent of holdings in Top5 companies
and 65.48 per cent in Top10 holdings which is very less when
compared with UTI.
m !eliance MIP has allocated 80.82 per cent of its assets in Debt and
17.38 per cent in equity when compared with other AMCs.
m Asset management companies need to proper educate the
investor to increase the awareness and break the myths
about mutual fund.
m Index Funds have delivered much less compared to actively
managed Funds. Gilt and Income Funds have performed very
well during the last three years. They perform best in a falling
interest environment. Since interest rates are now much
lower, short term Funds are preferable.
m Diversified equity has done very well while sectorial
categories have fared poorly in Indian market.
m Mutual fund distributors like !eliance Mutual Fund should
start a campaign to educate the investors: there is a need of
advertisement also to attract the investor.
m Sales force should be well educated about every aspect of
mutual fund so that they can solve the queries of the
investors.
m AMCs should target rural market as a potential hub of
customer. In rural area people are getting wealth gradually
and need a guidance to shift their portfolio from old sources
to new and modern sources.
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