Mba Live Project In mutual funds in hyderabad

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Investment inMutual Funds : 

vineethkmenon@gmail.com 1 Investment inMutual Funds

Investment : 

Investment Investment is the employment of funds on assets with an aim of earning income or capital appreciation. It has two attributes: Time ; and Risk. The Expected Rate of Return (EROR) = Rate of Inflation (to compensate Time value of money) + Risk Premium

Investment Objectives : 

Investment Objectives One needs to invest to: Earn return on your idle resources Generate a specified sum of money for a specific goal in life Make a provision for an uncertain future

Risk : 

Risk Risk is the possibility of incurring a loss. It is caused by Uncertainty Risks may be classified as: Systematic Risk - Market Risk - Interest Rate Risk - Purchasing Power Risk Unsystematic Risk - Business Risk - Financial Risk

Mutual Funds : 

Mutual Funds These are funds operated by an investment company which raises money from the public and invests in a portfolio (group) of assets (shares, debentures etc.), in accordance with a stated set of (shared) objectives.

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Mutual Fund is a substitute for those who are unable to invest directly in equities or debt because of resource, time or knowledge constraints. Mutual Funds are usually long term investment vehicle though there some categories of mutual funds, such as money market mutual funds which are short term instruments.

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A Mutual Fund is a body corporate registered with SEBI (Securities Exchange Board of India) that pools money from individuals/corporate investors and invests the same in a variety of different financial instruments or securities such as equity shares, Government securities, Bonds, debentures etc. Corpus: The amount raised by Mutual Fund organisations

Mutual Fund – The modus operandi : 

Mutual Fund – The modus operandi Mutual funds issue units to the investors. The appreciation of the portfolio or securities in which the mutual fund has invested the money leads to an appreciation in the value of the units held by investors.

Net Assets Value : 

Net Assets Value Net Assets Value (NAV) = Market Value of Securities in the Portfolio - Liabilities Number of Units in the Fund

Mutual Fund: The Advantages : 

Mutual Fund: The Advantages Funds for all reasons and seasons Professional Investment Management Risk reduction through diversification Convenience Liquidity of investment Lower transaction costs Regulatory Protection Relatively higher returns

Mutual Funds: The Schemes : 

Mutual Funds: The Schemes Based on Investment timing and freedom Open Ended Closed Ended Interval Funds Systematic Investment Plans (S.I.P.s) Systematic Withdrawal Plans (S.W.P.s)

Mutual Funds: The Schemes : 

Mutual Funds: The Schemes Based on Investment Objectives: Growth Fund Income Fund Balanced Fund

Mutual Fund: The Schemes : 

Mutual Fund: The Schemes Based on Loading: Loaded Funds - Entry Load - Exit Load Non-loaded Funds

Mutual Funds: The Schemes : 

Mutual Funds: The Schemes Based on Portfolio: Sector Funds - FMCG Funds - Pharmaceutical Funds, etc Area Funds Offshore Funds Fund of Funds Event Fund / Activity Fund Contra Fund Index Funds Junk Bond Funds Guilt / Liquid Funds Real Estate Funds Bullion / Gold Fund MMMFs

Mutual Funds: The Schemes : 

Mutual Funds: The Schemes Other Misc. schemes: Exchange Traded Funds (ETF s) It’s a hybrid of individual stock trading and Open- Ended mutual funds. The demand and supply of the units determine the price at which the funds can be traded just like shares listed in a stock exchange. NIFTY Benchmark Exchange Scheme is the first ETF in India

Mutual Fund: The Organisation : 

Mutual Fund: The Organisation The Sponsor The Trust The Asset Management Company The Custodian of Assets Under Management (AUM)

Mutual Funds: The Limitations : 

Mutual Funds: The Limitations Not a Risk Free investment avenue Inappropriate Fund Management Conventional Portfolio policies Absence of Equity Research Mismanagement / Embezzlement of funds Unscrupulous investment decisions e.g. UTI, CanMF Absence of Equity Research

Mutual Funds: The Limitations : 

Mutual Funds: The Limitations Lack of transparency of operations Governance Composition of portfolio NAV Rate of Return Comparative study of competitors Profit, declaration of dividend, etc.

Mutual Funds: The Limitations : 

Mutual Funds: The Limitations Small investors are not the real beneficiaries Single investor base (more than 50 such schemes were launched) Financial institutions, Corporate clients, etc are the major investors Diversion of income available to small investors into or for the benefit of large investors Difficulty in selecting a good fund manager Lack of stringent regulatory framework Late trading practices to favour large investors

Mutual Funds: The Limitations : 

Mutual Funds: The Limitations Lack of awareness from the part of investors Improper guidance Dividend Stripping Buying MF before dividend declaration and disposing after receipt of dividend, thereby creating a Short Term Capital Loss, and setting off the same with other Short Term Capital Gains; and hence evading the liability of tax.