Slide 1: INTERIM REPORT
G. KALPESH JAIN
5NU222 Slide 2: MUTUAL FUNDS CONTENT : CONTENT What’s Mutual Fund
Mutual Fund Operation
Types of Mutual Fund Schemes
Mutual Funds Industry
Snap shot of Indian MF
The major players in Mutual Fund
Advantages & dis-advantages
How to Invest in Mutual Funds
Company profile What’s Mutual Fund? : What’s Mutual Fund? Pool of money, collected from investors, and invested according to certain investment objectives
Ownership – With all the investors who has invested in the mutual fund.
Investment of the funds – To invest the funds thus collected, according to the wishes of the investors who created the pool.
Example - Equity fund seeks investors to invest predominantly in equity shares. Mutual Fund Operation Flow Chart : Mutual Fund Operation Flow Chart Types of Schemes : Types of Schemes By Structure
Open Ended Schemes
Close Ended Schemes
By Investment Objectives
Money Market Schemes Other Schemes
Tax Saving Schemes
Sector Specific Schemes History : Indian Mutual Funds : History : Indian Mutual Funds 1963 –Unit Trust of India (UTI)-Initiated by Govt. of India and RBI.
The history of mutual funds in India can be broadly divided into four distinct phases. History : Phase I : History : Phase I Unit Trust of India (UTI) was established on 1963 by an Act of Parliament
Set up, regulated and administered by the RBI till 1978.
The first scheme launched by UTI was Unit Scheme 1964 History : Phase II : History : Phase II 1987-1993 (Entry of Public Sector Funds)1987 marked the entry of non- UTI, public sector mutual funds set up by public sector banks , LIC & 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 . History : Phase III : History : Phase III 1993-2003 (Entry of Private Sector Funds)
The Kothari Pioneer (now merged with Franklin Templeton) was the first private sector mutual fund registered in July 1993.
The industry now functions under the SEBI (Mutual Fund) Regulations 1996. History : Phase IV : History : Phase IV , Splitting of UTI (Unit Trust of India) Specified Undertaking of
the Unit Trust of India UTI Mutual Fund Ltd Assets of US 64 scheme representing
broadly the assured return and
certain other schemes .
does not come under the purview of
the Mutual Fund Regulations.
, This undertaking is sponsored by SBI,
PNB, BOB and LIC.
Registered with SEBI and functions
under the Mutual Fund Regulations. Organization of a Mutual Fund : Organization of a Mutual Fund The global players in mutual fund market : Marsico 21st Century
Vanguard Prime cap Core
Selected American Shares
Oak mark Select
T. Rowe Price Equity Income
Excelsior Value & Restructuring,
Champlain Small Company
Vanguard Selected Value
FBR Focus The global players in mutual fund market The major players in the Indian Mutual Fund Industry are: : Reliance Mutual Fund
Unit Trust of India Mutual Fund
Kotak Mahindra Mutual Fund
Tata Mutual Fund
State Bank of India Mutual Fund
Sahara Mutual Fund
Prudential ICICI Mutual Fund
GIC Mutual Fund
LIC Mutual Fund The major players in the Indian Mutual Fund Industry are: The major players in the Indian Mutual Fund Industry are: : ING Vysya Mutual Fund
HSBC Mutual Fund
HDFC Mutual Fund
Bank of Baroda Mutual Fund (BOB Mutual Fund)
Birla Sun Life Mutual Fund
ABN AMRO Mutual Fund
Standard Chartered Mutual Fund
Franklin Templeton India Mutual Fund The major players in the Indian Mutual Fund Industry are: How to Invest in Mutual Funds? : How to Invest in Mutual Funds? Step 1- Identify Investment needs – Financial goals , Risk tolerance and Cash Flow requirement
Step 2 - Choose the right Mutual Fund – Investment Objective of the scheme, Track record of the scheme, Service to Unit holders, Frequency ,Transparency and quality of communication
Step 3 - Well balanced Mix of schemes from different MFs as per the profile of the investor. How to Invest in Mutual Funds? : How to Invest in Mutual Funds? Step 4 – Regular Investment – With Systematic Investment Plan get benefit of rupee cost averaging
Step 5 – Tax planning – No income tax liability for investors on dividend income (except closed ended and debt schemes (Equity < 50 %)
Step 6 – Early start of Investment Investment Plans : Investment Plans Investment Plans : Investment Plans Investment Plans : Investment Plans Snap shot of Indian MF Market : Snap shot of Indian MF Market Snap Shot of Indian MF Market : Snap Shot of Indian MF Market Advantages of Mutual Funds : Advantages of Mutual Funds Professional Management
Choice of schemes
Well regulated : No Guarantees
Fees and commissions
Management risk Mutual funds have their drawbacks and may not be for everyone: Benefits of Investing in Mutual Funds : Benefits of Investing in Mutual Funds Company Profile : Company Profile Reliance Mutual Fund (RMF)
RMF is one of India’s leading Mutual Fund with assets under management of around Rs. 80,779 crores and around 44 lakhs investors.
RMF offers investors a well-rounded portfolio of products & it is present in 115 cities across the country.
RMF Schemes are managed by Reliance Capital Asset Management Ltd.,
RMF has various mutual funds like.
Equity / Growth schemes
Sector specific schemes. Slide 27: Kotak Mutual Fund
KMF is one of India’s leading financial institutions offering Mutual Fund Service.
KMF has the net worth of Rs. 3,200 crore and employs across 10,800.
Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of KMB, is the asset manager of KMMF.
Kotak has Various types of MFS like:
Fund of Fund Schemes
Exchange Traded fund Schemes Slide 28: ING Vysya Mutual Fund
The corporate office of ING Investment Management, manages the ING Vysya Mutual Fund.
ING Vysya has investor base of over 1,52,677 with Rs. 5080 crores.
It is the first Investment Manager to launch a packaged concept in Asset Management Industry.
It is the First Private Sector Mutual Fund to launch a concept dedicated to women (Mahilanivesh).
ING has various Mutual Funds like.
Hybrid Schemes. Slide 29: HDFC Mutual Fund is one of the largest mutual funds and well-established fund house in the country with consistent and above average fund performance across categories since its incorporation on December 10, 1999.
HDFC Asset Management Company (AMC) is the first AMC in India to have been assigned the ‘CRISIL Fund House Level – 1’ rating
HDFC won a number of awards and accolades for their performance FINANCE & ACCOUNTING : FINANCE & ACCOUNTING Snap out
Current Stats & Profile
Returns and Risk Aggregates
Best and Worst Performance
mean & standard deviation
Payout HUMAN RESOURACES : HUMAN RESOURACES In terms of HR
vision & mission of a company
recruitment & selection process MARKETING
Marketing strategies adopted during at the time of recession period