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1. INTRODUCTION
1.1 GENERAL INTRODUCTION
In todays market people invest money to gain more. So when they take into
account, they mostly look out for Investment Company where they can get more
income.
Investment companies can be classified into closed-end and open-end
investment companies. Closed-end is when it is readily transferable in the market.
Open-end funds sell their own shares to investors and ready to buy back their old
shares.
If we talk about the investment options today, in India we have so many
investment companies like UTI, LIC etc, all have their own special ways of servicing the
customers. The investors also feel that they are worth to be the part of that company.
These days people mainly look for avoiding tax so normally they look out for some
investments which can help them in doing so. When it comes to this point of view,
people mainly look out for mutual fund.
Mutual fund is a pool of funds, which is divided into units of equal value and sold
to investing public, and the funds so collected are utilized for collective investments in
various capitals and money market instrument.
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1.2 THEORETICAL BACKGROUND
1.2.1 Mutual Fund
The Indian MF industry is at a point of strategic inflection. It was founded with the
establishment of UTI in 1964. The private sector MF entered the Scene in early 1990 s
and introduced better service standards and wider product choices. The Indian MF
industry has not performed up to the mark in gaining investor confidence. The assets
have been garnered based on performance rather than confidence of investor.
1.2.2 Concept and origin of Mutual Funds
Personnel investing involve a clear understanding of the investment environment;
Investing means the committing of money for the purchase of assets, based on a
careful analysis of risks and rewards anticipated over a period of time. Depending upon
the characteristics of individuals there exists a broad spectrum of purposes for Investors
seeking monetary returns. Investors have a wide variety of opportunity to commit funds
various types of saving plans involving bonds, preferred stocks and common stocks and
other types of portfolio are available.
In contrast to the large investors who can engage experienced investment
Advisors in the selection and supervision of there funds, the small investors, by there
nature and other limitations cannot construct and successfully manage investment
Portfolio. They lack the proper technical knowledge of the capital market and the share
market transactions and consequently may suffer heavy losses.
The basic principles of investment trusts are diversifying the securities
purchased for the trust and expert management. It reduces the risks of capital
depreciations and poor dividends.
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At the same time the investors are given the benefit of expert management
through trained experienced and specialized personnel, which are the ordinary investors
usually lacks.
There are two main types of investment companies. The first group is variously
called Management investment trust or a closed end companies in U.S.A
And Japan. The second is the unit trust type and by far the more important one. These
Are referred to as open end investment companies or as mutual funds as they are
Usually called. These may be either fixed or flexible.
MEANING OF MUTUAL FUNDS
Mutual fund is a pool of funds which is divided into units of equal value and sold
to investing public and the funds so collected are utilized for collective investment in
various capital and money market instrument.
Definitions
Different persons in different words have defined mutual fund.
The SEBI (MF) Regulations, 1993 defines mutual fund as A fund established In
the form of a trust by a sponsor to raise monies by the trustees through the sale of
units to the public under one or more schemes for investing in securities in accordance
with these regulations.
Characteristics of MF
a) A mutual fund actually belongs to the investors who have pooled their funds. The
ownership of the MF is in the hands of the investors.
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b) A MF is managed by investment professionals and other service providers ,
who earn a fee for their services from the fund.
c) The pool of funds is invested in a portfolio of marketable investment. The value of
the portfolio is updated every day.
d) The investors share in the fund is denominated by units. The value of the units
changes with change in the portfolios value, every day. The value of one unit of
investment is called as the net assets value or NAV.
e) The investment portfolio of the Mutual fund is vested according to the slated
Investment objectives of the fund
Structure of Mutual Fund
Mutual fund is a mechanism for pooling the investment, made by the investors, in
stock market, securities, shares and debentures as disclosed in offer document and
issuing units to the investors. Units are issued to the investors in accordance with
quantum of money invested by them. Investors of Mutual funds are known as Unit
Holders.
Figure 1.1
As investments are spread across a wide cross-section of industries
and sectors, the risk are reduced. Diversification reduces the risk because all stocks
may not move in the same direction in the same proportion at the same time.
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The profits or losses are shared by investors in proportion to their investments.
The Mutual funds normally come out with a number of schemes with different
investment objectives which are launched from time to time. A mutual fund is required to
be registered with Securities and Exchanges Board of India (SEBI) which regulates
securities markets before it can collect funds from the public.
ONE CAN MAKE MONEY FROM MUTUAL FUND IN THREE WAYS:-
Income is earned from dividends and interest on bonds. A fund pays out nearly
all income it receives over the year to fund owners in the form of a distribution.
If the fund sell securities that have increased in price, the fund have a capital
gain most fund also pass on this gain to investor in a distribution.
If fund holding increases in price but are not sold by the fund manager, the fund
shares increase in price. One can sell then this mutual fund shares the profit.
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INDUSTRY PROFILE
SHARE MARKET:
The trading on stock exchanges in India used to take place through open outcry without use of
information technology for immediate matching or recording of trades. This was time consuming
and inefficient. This imposed limits on trading volumes and efficiency. In order to provide
efficiency, liquidity and transparency, NSE introduced a nation-wide on-line fully automated
screen based trading system where a member can punch into the computer quantities of securities
and the prices at which he likes to transact and the transaction is executed as soon as it finds a
matching sale or buy order from a counter party. Screen based electronic system electronically
matches orders on a strict price/time priority and hence cuts down on time, cost and risk of error,
as well as on fraud resulting in improved operational efficiency. It allows faster incorporation of
price sensitive information into prevailing prices, thus increasing the informational efficiency of
markets. It enables market participants, irrespective of their geographical locations, to trade with
one another simultaneous, improving the depth and liquidity of the market. It provides full
anonymity by accepting orders, big or small, from members without revealing their identity, thus
providing equal access to everybody. It also provides a perfect audit trial, which helps to resolve
disputes by logging in the trade execution process entirety.
Now dematerialization of shares is introduced a new concept which converts paper based
physical trading into electronic trading. It is a safe and convenient way to hold securities. Screen
based trading system helps in faster transfer of securities and no stamp duty is required on
transfer of securities.
Commodity:
No balance sheet, P&L statement, EBITDA and reading between the lines. Commodity trading is
about the simple economics of supply and demand. Supports are known, only resistance matters!
Minimum support price acts as a statutory support for many commodities. No Dollar-Rupee
premiums/discounts. No hedging on the NYMEX. Indian commodity derivatives hedge both
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forex and commodity specific risk, at a single cost. No brainstorming over market direction.
Seasonality patterns quiet often provide a clue to both short-term and long-term players.
No scam, no price rigging. Commodity trading comes with no insider trading information and
company specific risk.
Multi Commodity Exchange (MCX):
Multi Commodity Exchange (MCX) is an independent commodity exchangebased in India. It
was established in 2003 and is based in Mumbai. The turnover of the exchange for the fiscal year
2009 was US$ 1.24 trillion, and in terms of contracts traded, it was in 2009 the world's sixth
largest commodity exchange. MCX offers futures trading in bullion, ferrous and non-ferrous
metals, energy, and a number of agricultural commodities (mentha oil, cardamom, potatoes,
palm oil and others).
It is regulated by the Forward Markets Commission.
MCX is India's No. 1 commodity exchange with 83% market share in 2009
The exchange's main competitor is National Commodity & Derivatives Exchange Ltd
Globally, MCX ranks no. 1 in silver, no. 2 in natural gas, no. 3 in crude oil and gold in
futures trading
The highest traded item is gold.
MCX has several strategic alliances with leading exchanges across the globe
As of early 2010, the normal daily turnover of MCX was about US$ 6 to 8 billion
MCX now reaches out to about 800 cities and towns in India with the help of about
126,000 trading terminals
MCX COMDEX is India's first and only composite commodity futures price index
METAL BULLION
FIBER ENERGY
http://en.wikipedia.org/wiki/Commodity_exchangehttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Commodity_exchange7/28/2019 Perception of Mutual funds
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SPICES PLANTATIONS
PULSES PETROCHEMICALS
OIL&OIL SEEDS CEREALS
Table 1.2.a: List of Commodities
National Commodity and Derivatives Exchange (NCDEX):
National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity
exchangebased in India. It was incorporated as a private limited company incorporated on 23
April 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of
Business on 9 May 2003. It has commenced its operations on 15 December 2003. NCDEX is a
closely held private company which is promoted by national level institutions and has an
independent Board of Directors and professionals not having vested interest in commodity
markets.
Mutual funds:
A mutual fund is a professionally managed type ofcollective investment that pools money frommany investors to buy stocks, bonds, short-term money market instruments, and/or other
securities.
Advantages of Mutual Funds
Mutual funds have advantages compared to direct investing in individual securities. These
include:
Increased diversification
Daily liquidity
Professional investment management
Ability to participate in investments that may be available only to larger investors
Service and convenience
http://en.wikipedia.org/wiki/Commodity_exchangehttp://en.wikipedia.org/wiki/Commodity_exchangehttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Collective_investmenthttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Bond_(finance)http://en.wikipedia.org/wiki/Money_markethttp://en.wikipedia.org/wiki/Money_markethttp://en.wikipedia.org/wiki/Bond_(finance)http://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Collective_investmenthttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Commodity_exchangehttp://en.wikipedia.org/wiki/Commodity_exchange7/28/2019 Perception of Mutual funds
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Government oversight
Ease of comparison
Disadvantages of Mutual Funds
Mutual funds have disadvantages as well, which include.
Fees
Less control over timing of recognition of gains
Less predictable income
No opportunity to customize
Types of Mutual Funds:
Open-end funds
Closed-end funds
Unit investment trusts
Exchange-traded funds
Investments and Classifications:
Money market funds
Bond funds
Stock or equity funds
Hybrid funds
Index (passively-managed) versus actively-managed
Mutual Funds Expenses:
Distribution charges
Front-end load or sales charge
Back-end load
12b-1 fees
No-load funds
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Share classes
Management fee
Other fund expenses
Shareholder transaction fees
Securities transaction fees
Expense ratio
Controversy
1.2.3. HISTORY OF INDIAN MUTUAL FUND INDUSTRY
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 of India. The history
of mutual funds in India can be broadly divided into four distinct phases
First Phase 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.
Second Phase 1987-1993 (Entry of Public Sector Funds)
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 Can bank Mutual Fund (Dec 87), Punjab National Bank Mutual Fund
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(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 ofRs.47,004 crores.
Third Phase 1993-2003 (Entry of Private Sector Funds)
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 allmutual 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 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.
Fourth Phase since February 2003
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
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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, 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.
Figure 1.2
The graph indicates the growth of assets over the years.
1.2.4.Mutual fund calculation under SEBI consideration:
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Net Asset Value
Following are the regulatory requirements and accounting definitions laid down by
SEBI:
NAV = Net Asset of the Scheme / Number of Units Outstanding
= MVL+ REC+ AI+ Asset AE Pay Lia
No .of Units Outstanding as at the NAV date
MVL: Market value of Investment
REC: Receivables
AI: Other Accrued Income
Asset: Other Assets (Dividend yet to be received)
AE: Accrued Expense
Pay: Other Payables
Lia: Other Liabilities (Custodian and Management Fees)
Funds NAV is affected by:
Purchase or Sale of Investors Securities. Valuation of all Investment Securities.
Other Assets and Liabilities.
Units Sold or Redeemed.
Classification of Mutual Fund
Open Ended Funds: These funds have units available for sale and repurchase
at all time. An investor can buy or redeem the units at price based on NAV per
Unit.
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Close Ended Funds: These funds dont have units available for sale and
repurchase at all time. It allows only one-time sale of a fixed number of units.
However, to provide liquidity to investors many close-ended funds get listed on a
Stock Exchange(s).
Load Funds: Fund Manager made charges to the investors to cover
distribution/ sales/marketing expenses. These charges are called Loads. If
load amount is charged over a period of time, it is called a Deferred Load. Some
funds charge different amount of load to the investors depending on number of
years the investors have stayed with funds. Such charges are called
Contingent Deferred Sale Charge.
No-Load Funds: Funds which make no charges or load for sales expenses are
called as No Load Funds.
1.2.5. TYPES OF MUTUAL FUNDS : -
Mutual Funds have specific investment objectives such as growth of capital, safety ofprincipal current income or tax exempt income, one can select one fund or any number
of different funds to help one meets ones specific goals. In general mutual fund fall
under 3 general categories : -
Equity fund invest in shares of common stocks.
Fixed income funds invest in government or corporate securities which offer fixed
rate of returns.
Balanced fund invest in a combination of both stocks and bonds.
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AGGRESSIVE GROWTH FUNDS :-
These funds seek to provide maximum growth of capital with secondary emphasis on
dividend or interest income. They invest in common stocks with a high potential for rapid
growth and capital appreciation.
Aggressive growth funds are suitable for those investors who can afford to assume the
risk of potential loss in value of their investment in the hope of achieving substantial and
rapid gains. They are not suitable for investors who must conserve their principal or who
must maximize their current income.
GROWTH FUNDS:-
Like aggressive growth funds, growth fund generally invests in stocks for growth rather
than income. They are considered more conservative in their approach because they
usually invest in established companies to achieve long-term growth. Growth fund
provides low current income but the investor principal is more stable then it would be in
an aggressive growth fund. While the growth potential may be less over the short term,
many growth funds have superior long-term performance records.
These funds are suitable for growth oriented investors but not investors who are unable
to assume risk or who are dependent on maximizing current income from there
investments.
GROWTH AND INCOME FUNDS:-
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Growth and income funds seek long-term growth of capital as well as current income.
The investments strategies use to reach these goals vary among funds.
Growth and income funds have low to moderate stability of principal and moderate
potential for current income and growth. They are suitable for investors who can
assume some risk to achieve growth of capital but want to maintain a moderate level of
current income.
FIXED INCOME FUNDS:-
The goal of fixed income fund is to provide high current income consistent with the level
of capital. Growth of capital is of secondary importance.
Fixed income funds offer a higher level of current income than money market funds, but
a lower stability of principal. Fixed income funds are suitable for investors who want to
maximize current income and who can assume a degree of capital risk in order to do so.
EQUITY FUNDS:-
Funds that invest in stocks represent the largest category of mutual fund. Generally the
investment objective of this class of fund is long-term capital growth with some income.
There are however many type of equity funds.
BALANCED FUNDS:-
The Balanced funds aims to provide both growth and income. These funds invest in
both shares and fixed income securities in the proportion indicated in their offer
documents. It is an idea for investors who are looking for the combinations of income
and moderate growth.
MONEY MARKET FUNDS/ LIQUID FUNDS:-
For the cautious investors these funds provide a very high stability of principal while
seeking a moderate to high current income. They invest in highly liquid; virtually risk
free, short-term debt securities of agencies of the Indian government, banks and
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corporation and treasury bills. Because of their short-term investments, money market
mutual funds are able to keep a virtually constant unit price; only the yield fluctuates.
Money market funds are suitable for those investors who want high stability of principal
and current income with immediate liquidity.
SPECIALITY / SECTOR FUNDS:-
These funds invest in securities of a specific industry or sector of the economy such as
health care, technology, leisure, utilities or precious metals. The funds enable investor
to diversify holding among many companies within an industry, a more conservative
approach than investing directly in one particular company.
Sector funds offer a opportunity for sharp capital gains in cases where the funds
industry is in favor but also entail the risk of capital losses when the industry is out of
favor. While sectors funds restrict holdings to a particular industry, other specialty funds
such as index funds gives investors a broadly diversified portfolio and attempt to mirror
the performance of various market averages.
1.2.6. Pros and corns of mutual fund
Advantages of Mutual funds
Diversified portfolio of investments: As the investments are made in various
stocks of different companies, Professional Management: Fund Managers and
his/her team of highly qualified professional looks at all perspectives before
committing to an investment decision. This sort of specialist knowledge is
available to the small retail investor through the MF route.
Market Linked Return: Many schemesoffered by mutual funds help investors
to gain return better than the market.
Diversification of Risk: Diversification reduces the risk of exposure to one or
two shares or debentures or other instruments.
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Reduction in Transaction Cost: A direct investors bears all costs of investing
such as brokerage or custody of securities. Investing via Mutual Fund help
investors to reduce the cost as larger volumes are involved
.
Liquidity: An MF investor can invest and disinvest at will, irrespective of market
conditions. In case of shares or bonds its very difficult to sell them unless and
until a buyer is there. Mutual Funds give the option of liquidity. The units of an
open ended scheme can be redeemed at any working day.
Convenience and Flexibility: Various options of Systematic Investment Plan,
Systematic Withdrawal Plan and Systematic Transfer Plan are designed for the
convenience of the investors.
Disadvantages of Mutual Fund
No Control over Costs: A Mutual Fund Investor has to pay management fees,
fund distribution cost to the Mutual Fund. This cost is not incurred in directinvesting. But this cost is less than the cost of direct investing by the investors .
No Tailor-made Portfolios: Investors investing in Mutual Fund gives the rights
to Fund Manager to build the portfolio of shares, bonds and other securities.
While investing directly, investors can build there own portfoli o
However, today Mutual Funds are offering families of schemes. Investors
can choose from different investment plans c construct a portfolio of his choice .
Managing a Portfolio of Funds: Due to presence of large number of funds
availability in the market, investor needs some advice to select a fund to achieve
his objective
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1.2.7. MUTUAL FUND INDUSTRY IN INDIA
Figure 1.3
Mutual Funds in India
UTI Private sector Public
JVs with foreignPartners
Birla Sun CapitalPrudential ICICI
Alliance CapitalKothari Pioneer
TempletonAlliance
Morgan Stanley
TATAJM CD
EQUISEARCH
Banks
SBI
CANARA
PNB
BOI etc.
Institutions
GIC
LIC etc.
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1.2.8. THE RISK RETURN GRAPHS FOR VARIOUS FUNDS:-
Figure 1.4
The above Graph shows the Risk and Returns generated by different Funds. Liquid Funds
are less Risky and also generate less Returns where as Sector Funds are more Risky but
generate more Returns by the example of above two Funds it is clear that Risk and
Returns are directly proportional to each other. Other Funds like Equity Funds, Balanced
Funds and Income Funds are also gives the same percentage of Returns as the Risk
involved.
Liquid Funds
Income Funds
Balanced Funds
Equity Funds
Sector Funds
RISKS
R
E
T
U
R
N
S
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COMPANY PROFILE
CD Equi search is one of the leading brokerage houses with a strong presence in the
institutional and HNI broking segment. With over 30 years of experience, you could besure of
the best in class research, operations back-end support and above all, a name which inspires trust.
At CD Equi search,the emphasis is on transparent and clean dealings. This has earned us our
clients goodwill. This quality has stood the test of time and has helped us secure business from
all quarters.
At CD Equi search, people are not weighted down by tradition. Rather, we are inspired by the
heritage of the company. Here, business is conducted by building long term relationships with
our clients and associates by laying emphasis on ethical and clean dealings. Here, people practice
the gentle art of finance with professionalism, skill and transparency.
Continued growth which is so essential in todays fast paced and ever changing capital market
has been a constant feature at CD equi search. With an eye on the future and in keeping with the
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changing times, we at CD equi search have earned the investors goodwill our most important
assets over the year. After having a track record of servicing institutions and HNIs for over 3
decades, we are planning to foray into the growing retail segment in a big way. We would be
expanding across the geography with a wide network of our regional offices, branches,
franchisees and sub-brokers. We would be offering a complete basket in financial services. We
are looking at ourselves amongst one of the top ten broking houses in india by 2014. To achieve
that, we have very aggressive plans of expansion.
2.10. M - CONNECT
CD MConnect is a mobile application developed by CD equisearch for its users to
explore the complete Stock market spectrum on mobile phone. It is a value added
service which will enable the users to access Market
information: Equity, F&O, Commodity and MF on Mobile Phone.
CD M-Connect supports all JAVA enabled GSM and Black Berry handsets having
GPRS connectivity. Available for CD and Non CD Clients. Access Market News /
Analyses 24x7 on Mobile. CD Clients will have the advantage to access their Back-
Office data on Mobile Phone. Real time Equity, F&O, Commodities and MF rates on a
single platform.
Set Watchlist for Equity, F/O and Commodity and track your favorite stocks. Rates
Refresh Option available for all Watchlist. User-friendly interface for easy navigation.
Stock Updates and Market Stats on your Mobile CDs Product and Services details
available. Easy & free to download. View Top 10 Local and Global indices. Non CD
Clients Can Sign up directly from their Mobile Phones through Non CD Client Sign Up
link.
2.11.SMS SERVICES
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Types of SMS services:
Trade confirmation SMS Equity
Trade confirmation SMS Commodity
Weekly Ledger
Payin Auction SMS
Welcome SMS
Welcome Kit SMS
Password Reset
Pro-Active SMS Services Sent from CD equisearch to its clients.
This SMS are sent to the clients daily b/w 5 pm to 7 pm who have traded in NSE, BSE
and NSEFO. This SMS are sent to the clients daily b/w 9 am to 9:30 am who have
traded in MCX and NCDEX on previous day.
Client has to subscribe for Weekly Ledger only once by sending sms WLED to
5757587. He will receive SMS every Saturday for his Ledger Balance as per his Back
Office details.
The SMS is sent daily to the client. It contains the details like Settlement No, Exchange
Name, Scrip Name, Qty and Rate at which the scrip were auctioned. The SMS is sent
daily to the clients whose account is activated on previous day. It contains details like
his Client Code, Branch Name and Tag. The SMS is sent to the client when the
Welcome Kit is dispatched from CSO. The client can reset his Back Office password
through
SMS Services from CD
2.12.Linking of bank accounts for fund transfer
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Below are the various banks which are been having a link
1. ICICI Bank
2. Axis Bank
3. YES Bank
4. HDFC Bank
5. Karnataka Bank
6. Corporation Bank
7. Union Bank of India
8. South Indian Bank
9. Bank of Rajasthan
10. Oriental Bank of Commerce
11. Vijaya Bank
12. Bank of India
2.13. Services Offered - Electronic Payment
We can now make electronic payment to our clients using the RTGS / NEFT mode.
Once registration is done, all payments from CD to the client would go by default as a
direct credit in to the registered bank account whether the payout is marked by client,
sub broker or branch. This facility is available in all bank branches which are enabled
for RTGS / NEFT facility. Facility of direct bank credit in any bank that the client has
his/her account. Reduced time of credit clearing time eliminated. Client need not go to
the bank to deposit payout cheques.
PRE-PAID BROKERAGE:
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Pre-paid brokerage is a scheme where we are selling brokerage vouchers to our
prospective clients by giving them special brokerage rate with a time validity in-turn
taking commitment of absolute brokerage amount from them.
2.14.MANAGEMENT:
MISSION AND VISSION
CDEqui search is passionate about providing friendly customer services on thegreens of the investing world. Following the highest standards of ethics is entrenched in the
DNA of CD Equi search. At CD Equi search, the selection and recommendations of wealth
creating opportunities are primarily based on the 3C principle.
Conservation of capital
Consistent growth in value of investment over a period of time.
Continual cash inflow through handsome dividends.
KEY PRODUCT OFFERINGS ARE AS FOLLOWS:
Equities
Commodities
Currency derivatives
Online broking
Depository participant
Structured products
Distribution of mutual funds
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Life insurance
Alternate investment
Distribution of IPO / FPO
Bonds
MANAGEMENT TEAM
Mr. Chandravadan Desai - Chairman
Mr. Pranay Desai - Director
Mr. VikashKalani- COO (Chief operating officer)
Mr. JayeshVora - CFO ( Chief financial officer)
Mr. Nilesh Vasa - Director ( Group companies)
Mr. Hussain Sheriff - Assistant Vice President
Mr. Mahimai Raj - Cluster Manager
Mr. Thulasi Raman - Branch Manager
Mr. Loganathan - Team Manager
Mr. Krishna Kumar - Relationship manager
2.15.COMPETITORS
ABN AMRO Mutual Fund ,
BIRLA SUN LIFE Mutual Fund
FRANKLIN TEMPLETON Mutual Fund
HDFC Mutual Fund
HSBC Mutual Fund
KOTAK MAHINDRA Mutual Fund
LIC mutual fund
Morgan Stanley Mutual Fund
Principal Mutual Fund
Prudential ICICI Mutual Fund
Sahara Mutual Fund
SBI Mutual Fund
Standard Tableered Mutual Fund
Sundaram Mutual Fund
Tata Mutual Fund
https://www.assetmanagement.abnamro.co.in/http://www.birlasunlife.com/http://www.franklintempletonindia.com/india/jsp_cm/ft_home.asphttp://www.hdfcfund.com/http://www.hsbcinvestments.co.in/http://www.kotakmutual.com/http://www.msgfindia.com/http://www.principalindia.com/presentation/view/home.aspxhttp://www.pruicici.com/http://www.saharamutual.com/http://www.sbimf.com/http://www.standardcharteredmf.com/http://www.sundaramfinance.com/products/mutualfunds/mutualfunds.asphttp://www.tatamutualfund.com/http://www.tatamutualfund.com/http://www.tatamutualfund.com/http://www.sundaramfinance.com/products/mutualfunds/mutualfunds.asphttp://www.standardcharteredmf.com/http://www.sbimf.com/http://www.saharamutual.com/http://www.pruicici.com/http://www.principalindia.com/presentation/view/home.aspxhttp://www.msgfindia.com/http://www.kotakmutual.com/http://www.hsbcinvestments.co.in/http://www.hdfcfund.com/http://www.franklintempletonindia.com/india/jsp_cm/ft_home.asphttp://www.birlasunlife.com/https://www.assetmanagement.abnamro.co.in/7/28/2019 Perception of Mutual funds
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3. PROBLEM STATEMENT AND OBJECTIVE OF THE
STUDY:-
3.1 PROBLEM STATEMENT:-
Due to the falling Rate of Interest on Bank deposits, it is obvious that Investment in
Mutual Fund will grow in year to come. However lack of Awareness of Mutual Fund
is a hindering factor in expected growth of Mutual Fund Business. Under noted
problems are envisaged in this area:
Difficult in convincing people for investment.
Difficult to change mind of the investor according to age and
Profession.
Difficult to make an approach to investors.
Difficult to take an appointment with professional people.
Difficult to get the documents required for formalities from investors
.
Difficult to overcome an impassionate person who wants return in less time.
Difficult to follow up the people whose names are being stored in a data.
Difficult to remove the fear of risk from the minds of investors.
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3.2 OBJECTIVES OF STUDY:
In view of the problem cited above, the study aims at analyzing the following major
issues:
To know the awareness of MUTUAL FUND among people.
To know the different Asset management companies involve in MUTUAL FUND.
To know the different aspects of MUTUAL FUND according to different age,
profession etc.
To see the interest of people in investing in MUTUAL FUNDS.
To know the different attitudes of people regarding risk, rate of return, period of
investment etc.
To study the diversification of mutual fund.
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4. RESERCH METHODOLOGY:
4.1 METHODOLOGY OF STUDY:-
Research can be defined as systemized effort to gain new knowledge. A research is
carried out by different methodologies which have their own pros and cons. Research
methodology is a way to solve research in studying and solving research problem along
with logic behind them are defined through research methodology. Thus while talking
about research methodology we are not only talking of research methods but also
considered the logic behind the methods. We are in context of our research studies and
explain why it is being used a particular method or technique and why the others are not
used. So that research result is capable of being evaluated either by researcher himself
or by others
4.2 Research Methodology:-
Research has its special significance in solving various operational and planning
problem of business and industry. Research methodology is the way to systematically
solve the research problem.
4.3 ASSUMPTIONS:-
1. It has been assumed that sample of 100 respondents represents the whole
population.
2. The information given by the customer is unbiased
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4.4 Literature Survey:-
The project is based on pure findings of facts.
Development of Working Hypothesis:-The Hypothesis could be developed by
discussing with the concerning department heads and guides about this exploratory
research and reached to the conclusion that the data is to be collected by personal
interaction with the customers, asking them about the services and the improvement
required. First of all they are aware of mutual funds or not and then analyzing the
findings to reach to the objectives of research.
Collection of Data:-There was secondary data available for the study and also primary
data collected by carrying out by the survey which has been carried out to through
personal interviews of the customers. The sample size was roughly 100.
Sampling methods: - A sample is the representative of the population which will
predict the behavior of the whole universe.
a. The sampling size put under two categories: Probability sampling and non
probability sampling.
Probability sampling:-
This is the process of selecting the elements or group of elements from as well defined
population by such procedure which gives every element in the population an equal
chance of being selected for observation. The sampling method use for this survey is
the area sampling which is a sub type of probability sampling.
4.5 Sampling size:-
Large sample gives reliable result than small sample. However, it is not feasible to
target entire population or even a substantial portion to achieve a reliable result. So, in
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this aspect selecting the sample to study is known as sample size. Hence, for my
project my sample size was 100.
The Sample Size of 100 is not enough to draw a conclusion but as per the time
assigned it was difficult to take a sample size more than 100.
The Sample Size consist of both the Professional and Business class people. IT
peoples, Doctors, Jewelers, Timber Merchants & Real estate Agents are taken as
Sample .
4.6 Execution of the project:-
It is the very important step in the research process accuracy findings depends on how
systematically the study has been carried out in time so that it can make some sense
when required. I have executed the project after prior discussion with the guide and
structured in following steps:
a. Preparation of questionnaire.
b. Collection of list of some of the clients interview of the customer so that more
interaction is impossible and the variety of responses can be registered to
have a good data for analysis.
c. Visiting the corporate and asking about their feedback on the mutual funds
services they are availing. Try to find out their satisfaction level with the
existing mutual fund.
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5. LIMITATIONS:
Every work has its own limitation. Limitations are extent to which the process should
not exceed. Limitations of this project are:-
1. Duration of Project was not enough to make a conclusion on such a vast subject
time Constraint has become a big limitation.
2. The Sample Size being taken for drawing a conclusion was too small to get an
accurate result.
3. Changing the Mentality of people for investing in a particular Financial Product is
a very difficult task.
All the above mentioned statements are the limitations of the project ,Time, Sample
Size & Mentality of investor are the main limitations of the project. The study is being
done by taking and keeping all the limitations in mind. The project is completed in
prescribed time. To find the Awareness of Mutual Fund the Sample Size is not at all
enough because the population size is much bigger than the sample size and the
last limitation was to change the mentality of the investor to invest in a particular type
of the Investment Product. As the Indian Market have a large number of potential
customer to draw a conclusion in such a small size may not be reliable.
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6. ANALYSIS OF MUTUAL FUNDS:-
The schemes have been divided into 10 different categories for the purpose of
meaningful comparison. The categories are as follows:
1. Equity diversified Funds.
2. Equity ELSS Funds.
3. Equity sector Funds.
4. Balanced Funds.
5. Income Funds.
6. Liquid Funds.
7 .Gilt Funds.
8. MIPS (Monthly income plans)
9. Index Funds.
10. Hybrid Funds.
There are many asset management companies being involved in mutual fund but
people invest thing reputed mutual fund like ICICI PRUDENTIAL, FRANKLIN
TEMPLETON, HSBC, KOTAK, HDFC, CD EQUISEARCH etc. All the companies have
different mutual fund schemes vary from different needs of a customer.
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6.2 COMPARISAN BETWEEN BANKS AND MUTUAL FUNDS IN DIFFERENT
ASPECTS:-
Table 3
BANKS
MUTUAL
FUNDS
Returns Low Better
Administrative
exp. High Low
Risk Low Moderate
Investment
option Less More
Network High Penetration Low but improving
Liquidity At a cost Better
Quality of asset Not Transparent Transparent
Interest
calculation
Min. Balance between 10th and
31st of month. Everyday
Guarantee Max. Rs. 1Lakh on Deposit None
In the above table the Comparison is made between Banks and Mutual Fund with
different aspects. Now a day due to low Rate of interest people prefer to invest in those
products which give more Returns in less time without Risk. Now a days also nearly
40% of people keep there money in Banks because they are less Risky . The Returns
expected in Mutual Funds are high where as in bank it is low but the Guarantee of
money back is more than Mutual fund. Thus both Bank and Mutual Fund are good
enough in themselves. It is depend on the Investor what type of investment they want to
do.
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7. DATA COLLECTION:
Proceeding further after determines the Methodology and limitation of the study the next
step is to analyze the Data being collected for the study. Data is being collected fromvarious sources like:-
Questionnaire
Personal visit
Telephonic Information etc.
7.1 QUESTIONAIRE:-
Questionnaire is a written form being given to the prospective investor to give
feedback about the services provided to them and also to find the satisfaction
level of the investor for a particular investment product .Questionnaire is an easy
and simple way of collecting a data .After filling up of form the next step is to
evaluate the form in different dimensions and draw a conclusion.
It is difficult to get a Questionnaire filled by corporate because of time they dont
have time to fill the Questionnaire so at the time of meeting them personally or
after that the Questionnaire is filled by us.
The Sample size taken for this study is 100 which is not enough to draw a
conclusion but due to time limitation only this much size has been taken into
consideration. After analyzing the Questionnaire the following evaluation has
been done:-
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Table 4
CATEGORY OF
INVESTORS
TOTAL INCOME RISK RETURN
IT PEOPLE HIGH LOW HIGH
DOCTORS HIGH LOW HIGH
TIMBER MERCHANTS HIGH HIGH HIGH
JEWELLERS HIGH HIGH HIGH
REAL ESTATE AGENTS HIGH HIGH HIGH
After analyzing the above table the conclusion was made that the business people
are more Risk taker while professional people are less Risk taker where the return
expected in both the case are high.
7.2 PERSONAL VISIT:-
The second way of collecting data is Personal Visits to the corporate personally by
fixing an appointment. Personal Visit gives a clear picture of the conclusion drawn in
Questionnaire It gives a clear view of the client Awareness about the product .Some
of the difficulties in making Personal Visits are:-
To take a time or appointment from the corporate.
To convenes investor to invest in a particular product.
Personal Visit gives a clear picture about the Investment areas of both the
categories they are:-
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Table 5
PROFESSIONAL PEOPLE BUSINESS PEOPLE
PPF LAND
KISAN VIKAS PATR GOLD
BANK ACCOUNT STOCKS
INSURANCE INSURANCE
FURTHER STUDIES etc. VEHICLES etc.
From the above table it is clear that the Professional people invest in the Value
Added items where as Business people they invest in Future Prospect assets like
land, gold etc.
7.3 TELEPHONIC INFORMATION:-
The further source of collecting data is telephonic information with the existing
customer and the prospective investors. It is very difficult to reveal the data of
investors from the company itself because it has been kept as a secret document.
After getting a data some problems too come in the way. Some are:-
People are not ready to listen.
People ask question like from where did you get the number?
From this source not much of the Information is drawn.
Few respondents where not happy with the level of customer services
rendered by CD EQUISEARCH MUTUAL FUND LTD. Particularly about the
delays in replying or not replying the queries raised by them.
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8. INTERPRETATION AND ANALYSIS OF DATA:-
From the data collected through the questioner, observation made during the personal
visits the data revealed following information:-
Table 8.1
PERCENTAGE OF INVESTMENT TO TOTAL INCOME
Source : primary data
In the below chat it has been observed that people invest mostly between 10% to 30%
of their income as the moderate level of income is in the range of rupees 30,000 to40,000. There are very few people who invest above 50% of their Income as their
income level is too high say above Rs. 10,000,00. Investors are having different
responsibilities toward the society and family due to which they are not able to invest
more money in Financial product .There are many people who invest only 10% of
there income according to total Sample Size.
INCOME NO. of PEOPLE PERCENTAGE
Over 50% 1 1%
30%-50% 5 5%
10%-30% 56 56%
10% & below 38 38%
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Chart 8.1
PERCENTAGE OF INVESTMENT TO TOTAL INCOME
\
Percentage in Income People Investment
1% 5%
56%
38%
Over 50% 30-50% 10-30% Below 10%
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TABLE:-8.2
INVESTMENT IN FINANCIAL PRODUCTS
FINANCIAL INSTRUMENTS % OF INVESTMENT
BANK 40%
INSURANCE 10%
STOCK MARKET 15%
BONDS & DEBENTURE 3%
PPF 7%
NSC 5%
POST OFFICE SAVING SCHEMES 8%
REALESTATE 2%
GOLD 5%
CHIT FUND 5%
Source : primary data
These are many Financial Instrument in Indian Market. People in early days kept their
money in Bank. They think Bank is the only place where the money is safe till today also
40% of people feel the same but many of them have started investing in other Financial
Products like Insurance, Stock Markets etc. The Post Office savings are less preferred
by the Investors due to the less Returns in more Time. Businessmen mostly invest in
tangible assets like land, building, gold etc.
In this Table it is clear that people mainly invest and keep their money in banks .Stock
market came into existence only from early 90s thats why the percentage investment in
stocks is low as compared to banks. People generally invest in risk free financial
product like PPF, NSC etc. as they get tax exemption. Investment in Insurance is also
preferred by people because it is not a risky instrument.
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Chart 8.2
INVESTMENT IN FINANCIAL PRODUCTS
40%
10%15%
3%
7%
5%
8%
2%
5%
5%
BANK
INSURANCE
STOCK
MARKET
BONDS &
DEBENTURE
PPF
POST OFFICE
SAVING
SCHEMES
REALESTATE
GOLD
CHIT FUND
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TABLE:-8.3
AWARENESS OF MUTUAL FUND OUT OF 100 PEOPLE:-
Awareness of mutual fund People
Yes 7 %
No 93 %
Source : primary data
In Table the awareness of mutual fund is determined in the percentage terms only7% of the total population are not aware of MUTUAL FUNDS. As Mutual Funds of
India are growing rapidly the awareness of Mutual Funds is increasing among the
Investors although & every Investor knows about Mutual Funds by its nomenclature.
They are not really aware of the concept.
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Chart 8.3
AWARENESS OF MUTUAL FUND OUT OF 100 PEOPLE:-
Awareness of Mutual Funds
93%
7%
Yes
No
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TABLE :- 8.4
PERCEPTION ABOUT MUTUAL FUND
Safe 10%
Risky 28%
Other 62%
Source : primary data
From the below pie Table it is clear that people perceive mutual fund as an risky product
whereas 62% of investors believe that mutual fund gives high returns.
Only 10 % of people feel that it is safe. Out of 100 sample size it is very difficult to
determine the exact perception of investors. Due to continuous increase in mutual fund
industries the perception of people are changing slowly.
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Chart 8.4
PERCEPTION ABOUT MUTUAL FUND
Perception of Investors
10%
28%
62%
Safe
Risk
Others
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TABLE : 8.5
AWARENESS OF DIFFERENT MUTUAL FUND SCHEMES
Schemes No. of respondents
growth schemes 10
Income schemes 20
Balance scheme 25
Money market and liquid schemes 17
Tax saving schemes 18
Guilt funds 10
Source : primary data
in the below Table there are moderate preferences to all the schemes. The respondents
first to know about the schemes well then only they ensure to get reasonable returns to
his investment. Mostly the balanced scheme was much focused to more no. of
investors, other than all equally known by the respondents
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Chart 8.5
AWARENESS OF DIFFERENT MUTUAL FUND SCHEMES
0
5
10
15
20
25
Growth
schemes
Income
schemes
Balance
schemes
Money
market
and
Liquid
Schemes
Tax
saving
schemes
Guilt
fundsno.
ofper
sons
schemes
AWARNESS OF DIFFERENT TYPES
OF MUTUAL FUND
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TABLE :-8.6
COMPARITIVE STUDY OF RISK , INVESTMENT AND RETURN.
Source : primary data
In Table below it is determined that people of the age group 25-30 yrs are more risk
takers as compared to other age groups. However they are able to invest less
because they do not have any responsibility toward the society and family. They also
invest less because they dont get proper guidance. As the age increases the saving
percentage decrease but the people above 55 are keener to invest because they
become free from all the responsibilities of the family and society. At this stage they
need continuous flow of income.Middle age people of the age group of 35-45 yrs.
are not investing much because they are bound to many responsibilities towards
family and society.
AGE GROUP RISK RETURN INVESTMENT
25-35 60% 35% 45%
35-45 25% 15% 15%
45-60 10% 20% 10%
60& ABOVE 5% 30% 30%
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Chart 8.6
COMPARITIVE STUDY OF RISK , INVESTMENT AND RETURN.
0%
10%
20%
30%
40%
50%
60%
25-35 45-60
Risk Return and Investment Chart
according to different age group
RISK
RETURN
INVESTMENT
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TABLE:- 8.7
IDENTIFICATION OF MUTUAL FUND COMPANIES
ASPECTS PERCENTAGE
Brand Name 39
Good Services 24
High Yield 15
Advertisement 10
Any other reason 12
Source : primary data
From the below Table it is clear that Brand Name plays an important role for attracting
investors. Secondly, good services are also expected by an investor from the
companies. In other reasons investors generally pointed out the identification of the
companies known by their friends or relatives.
Advertisements and high yield are the secondary aspects of identifying the mutual fund
industries.
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Chart 8.7
IDENTIFICATION OF MUTUAL FUND COMPANIES
0
5
10
15
20
25
30
35
40
Percentage
Brand Name GoodServices
High Yeild AdvertisementAny otherreason
Aspects
Series1
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TABLE :- 8.8
RISK TAKEN BY DIFFERENT AGE GROUP :-
AGE
GROUP
RISK TAKEN IN
PERCENTAGE
25-35 60
35-45 20
45-60 17
60 &
above 3
Source : primary data
In Table below the risk taking ability are being depicted. The person of younger
age are willing to take more risk as compared to the elder age group people. The
middle age people do not take much risk because of much responsibility toward
family and society With reference to this Table only 17% of income of middle age
people is being invested in risk prone securities.
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Chart 8.8
RISK TAKEN BY DIFFERENT AGE GROUP :-
RISK TAKEN IN PERCENTAGE
60%20%
17%
3%
25-35
35-45
45-60
60 & above
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TABLE :- 8.9
PERCENTAGE OF TOTAL INCOME INVESTED IN MUTUAL FUND:-
INVESTORS
CATEGORY
% OF TOTAL INCOME INVEST IN
MUTUAL FUNDS
IT SECTOR
PEOPLE 50%
DOCTORS 30%
TIMBER
MERCHANTS 7%
JEWELLERS 3%
REALESTATE
AGENTS 10%
Source : primary data
In the Pie Table below it is clear that professional people are more indented to invest in
comparison with business people who are high risk takers. Business people are more in
dined to invest in real estate, land etc. This is because business people want money in
less time as and when required while Professional people believe in continuous flow of
money.
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Chart 8.9
PERCENTAGE OF TOTAL INCOME INVESTED IN MUTUAL FUND:-
PERCENTAGE OF TOTAL INCOME INVEST IN
MUTUAL FUND
50%
30%
7%
3%10% IT SECTOR
PEOPLE
DOCTORSTIMBERMERCHANTS
JEWELLERS
REALESTATEAGENTS
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TABLE 8.10
AWARENESS OF CD EQUISEARCH MUTUAL FUND LTD OUT OF 100 PEOPLE
Awarness Of Mutual Fund percentage
Yes 55%
No 45%
Source : primary data
55% says that they are aware of CD EQUISEARCH Mutual Fund Ltd 45% says that they are not aware of CD EQUISEARCH Mutual Fund Ltd
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Chart 8.10
AWARENESS OF CD EQUISEARCH MUTUAL FUND LTD OUT OF 100 PEOPLE
yes
no
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TABLE 8.11
COMPARISON ON THE BASIS OF PLACE:-
Comparison on the place People
Cities 70
rural 30
Source : primary data
In Table, it is clear that the people staying in small town are less aware of
MUTUAL FUNDS as compared to big cities. The approximate population of cities
is 7 times more than rural . Investors of rural place are less aware of the MutualFund & they feel it as a risky Financial Product where as the investors of cities
are fully Aware of the concept of the Mutual Fund and evince interest in investing
in new IPOs etc.
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Chart 8.11
COMPARISON ON THE BASIS OF PLACE:-
Awareness in Mutual Fund out of
100 people
70
30
0
20
40
60
80
cities rural
Place
No of
PeopleSeries
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9. PROJECT FINDINGS AND RECOMMENDATIONS:-
9.1 PROJECT FINDINGS:-
There is a great potential for investment in Mutual Fund as people wants to save
for various future obligation.
Since Rate of Interest on Bank deposit is falling people will be attracted towards
investments in Mutual Funds because of high rate of returns
Comparatively people of small towns are less aware of other investment avenues
viz Mutual Fund.
People of young age group are ready to take risk and they can be targeted for
investment in Mutual Fund.
Some of the people who were personally contacted showed reservation aboutdealing with CD EQUISEARCH MUTUAL FUND LTD.
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9.2 RECOMMENDATION:-
It is seen that CD EQUISEARCH brand is not seen enough in the market
place and hence the brand is invisible to the naked eyes of the consumer
and hence CD EQUISEARCH should beef up its publicity campaigns and
promotional activities so that CD EQUISEARCH becomes an easily
recognizable brand.
For creating a brand image in our country CD EQUISEARCH should go for
a brand ambassador.
In CD EQUISEARCH, they should provide training to its employees in the
field of Insurance, Stock broking, Mutual fund etc.
CD EQUISEARCH should conduct more surveys in order to interact with
customer to know their preferences for improving its services.
Small towns may be targeted for business development as this area is untapped
relatively and there exist huge potential for business development
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CONCLUSION
The study will guide the new investor who wants to invest in mutual fund schemes
by providing knowledge about how mutual fund . The study recommends new investors
to go for mutual funds rather than equities, because of high risk and market instability.
There is a great need to disclose the risk involved in the schemes properly to the
investor by the investment companies.
The high returns (above 20 per cent) are definitely not sustainable over a long
term, as they have been generated during the biggest Bull Run in recent mutual
fund industry.
Investments in both mutual fund schemes are subjected to market risk.
Now a days investments in equity and mutual fund schemes are increases
because of falling interest rates and awareness of mutual fund schemes in the
minds of investors.
In case of both equities and mutual funds(open ended) liquidity is very high, with
in three working days mutual funds will converted into cash and liquidity of equity
is based on demand and supply conditions of the market for a particular scrip.
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10. REFERENCES:-
1. www.njindiainvest.com
2. http://mutualfunds.about.com
3. www.shcil.com
4. MutualFunds-ICMR book of readings
5. Fact Sheet of various Mutual Funds.
6. ICMR Text Book
7. Dalal Street Journals Stock Market Book
8. AMFI BOOK
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ANNEXURE
11. QUESTIONAIRE:-
1. DO YOU INVEST?
YES
NO
2. WHAT PERCENTAGE OF INCOME DO YOU INVEST?
OVER 50%
30% TO 50%
10% TO 30%
Below 10%
3. WHAT ARE THE VARIOUS INVESTMENT SCHEMES IN WHICH YOU INVEST?
Bank
Insurance
Stock Market
Bonds and Debenture
PPF (Public provident Funds)
NSC (National saving certificate)
Post office saving schemes
Real Estate
Gold
Chit Funds
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4. WHAT ARE THE BREAK UP IN PERCENTAGE TERMS TO YOUR INVESTMENT?
TYPE OF INVESTMENT PERCENTAGE
BANKINSURANCE
STOCK MARKET
BONDS & DEBENTURE
PPF
NSC
POST OFFICE SAVING
SCHEMES
REAL ESTATE
GOLD
CHIT FUNDS
5. ARE YOU AWARE OF MUTUAL FUNDS?
Yes
No
6. WHAT IS YOUR PERCEPTION ABOUT MUTUAL FUNDS?
Safe
Risky
Others
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7. WHAT ARE DIFFERENT TYPES OF MUTUAL FUNDS ARE YOU AWARE
OF?
Growth schemes.(provide appreciation of capital over medium to long
term)
Income schemes.(provide regular and continuous income to investor)
Balance schemes.(provide both growth and income)
Money market and Liquid Schemes.(provide easy liquidy preservation of
capital and moderate income).
Tax saving schemes.(offer tax rebates under tax laws)
Guilt funds(generating returns by investing in securities created and issued
by a central govt. or state govt.)
8. WHICH OF THEM DO YOU PREFER?
Growth schemes
Income schemes
Balance schemes
Money Market and Liquid schemes
Tax saving schemes
Guilt Funds
9. comparative study on risk, return and investment according to different age
group
25-35 35-45
45-60
60 & above
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10. HOW DO YOU LOOK MUTUAL FUND COMPANYS?
Brand Name
Good Service
High Yield
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Any Other Reason...........................................
11. ARE YOU AWARE OF CD EQUISEARCH MUTUAL FUND LTD?
YES
NO
12. WOULD YOU CONSIDER AVAILING THE FINANCIAL CONSULTANCY
OFFERED BY CD EQUISEARCH MUTUAL FUND LTD?
YES
NO
13. .PLACE THEY BELONG TO
Cities
rural
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NAME:.
PLACE:.
AGE: SIGNATURE
GENDER:.. ( )