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MUTUAL FUND – A STUDY OF INEVSTMENT MANAGEMENT, TATA Mutual

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    PROJECT REPORT

    ON

    MUTUAL FUND A STUDY OF

    INEVSTMENT MANAGEMENT

    BY

    SUDHIR SHRESTHA

    MBA II

    VISHWAKARMA INSTITUTE OF

    MANAGEMENT

    PUNE 48

    IN PARTIAL FULFILMENT OF THE AWARD

    OF

    MASTERS DEGREE IN BUSINESS

    ADMINISTRATIONPUNE UNIVERSITY

    (2005-2006)

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    CERTIFICATE

    THIS IS TO CERTIFY THAT PROJECT TITLED MUTUAL FUND - A STUDY OF

    INVESTMENT MANAGEMENT IS A BONAFIDE WORK CARRIED OUT BY

    MR. SUDHIR SHRESTHA STUDENT OF VISHWAKARMA INSTITUTE OF

    MANAGEMENT IN PARTIAL FULLFILMENT OF MASTER IN BUSINESS

    ADMINISTRATION, DEGREE OF UNIVERSITY OF PUNE.

    HE HAS WORKED UNDER OUR GUIDANCE AND DIRECTION.

    DR. SHARAD JOSHI PROF. MR. MAHESH HALALE

    (DIRECTOR) (PROJECT GUIDE)

    DATE: DATE:

    PLACE: PLACE:

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    ACKNOWLEDGEMENT

    Talent and capabilities are of course necessary but opportunities and good

    guidance are two very important things without which no person can climb those

    infant ladders towards progress.

    I am really thankful to TATA Mutual Fund, Hyderabad for giving me the

    permission to carry out my summer internship in their esteemed organization.

    I want to express my deep sense of gratitude to the management and staff of

    TATA Mutual Fund, for the support, cooperation and briefings they provided

    during the internship to make it a success.

    I express my sincere thanks to Prof. Mahesh Halale and Dr. Sharad L. Joshi,

    Director, Vishwakarma Institute of Management, Pune, for their valuable advice

    and guidance. They are always a source of inspiration for me.

    My thanks are also due to the faculty and non-faculty member of Vishwakarma

    Institute of Management, Pune, for their cooperation and support in completion of

    my project.

    Last but not least, I thank my parents, friends for their wholehearted support in this

    effort of mine.

    Sudhir Shrestha

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    Contents

    1. Executive Summary 1

    2. Concept 1

    3. Organization Of Mutual Fund 2

    4. Advantages Of Mutual Fund 25. Drawbacks Of Mutual Funds 4

    6. History Of The Indian Mutual Fund Industry 5

    7. Association Of Mutual Funds In India (Amfi) 8

    a. The Objectives Of Association Of Mutual Funds In India 8

    8. Company Facts 10

    a. Tata Group 10

    b. Why Invest With Tata Mutual Fund? 11

    c. Company Facts 13

    9. Performance Of Mutual Funds In India 14a. Mutual Fund Companies In India 15

    b. Major Mutual Fund Companies In India 16

    10.Future Of Mutual Funds In India 17

    a. Some Facts For The Growth Of Mutual Funds In India 18

    11.Investment Management 19

    a. Equity Portfolio Management 19

    b. Debt Portfolio Management 22

    c. Investment Policies And Restriction 24

    12.Types Of Mutual Funds 28a. Mutual Fund Classifications 28

    b. Mutual Fund Types 28

    13.Who Can Invest? 31

    a. Investores Rights And Obligation 31

    b. Offer (Document) By Mutual Fund 33

    c. Accounting Of Mutual Fund 33

    d. Parties To Mutual Fund 34

    14.Measuring And Evaluating Mutual Fund Performance 35

    a. Necessary For Measuring Mutual Fund Performance 37b. Different Performance Measures 37

    15.Fund Performance 47

    16.Conclusion 58

    17.Observation 63

    18.Suggestion 64

    19.Bibliography 65

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