PROJECT REPORT
ON
ANALYSIS OF MUTUAL
FUNDS AT SOLAN
(H.P.) INDIA
CHAPTER:- I INTRODUCTION 1.1 INTRODUCTION A Mutual Fund is a trust that collects money from investors who share a common financial goal, and invests the proceeds in different asset classes, as defined by the investment objective. Simply put, a mutual fund is a financial intermediary, set up to professionally manage the money pooled from the investors at large. By pooling money together in a mutual fund, investors can enjoy economies of scale and can purchase stocks or bonds at a much lower trading cost compared to direct investing in capital markets. The other advantages are diversification, stock and bond selection by experts, low costs, convenience, and flexibility. An investor in a mutual fund scheme receives units that are following the quantum of money invested by him. These units represent an investor’s proportionate ownership of the assets of a scheme and his liability in case of loss to the fund is limited to the extent of the amount invested by him. The pooling of resources is the biggest strength for mutual funds. The relatively lower amounts required for investing in a mutual fund scheme enable small retail investors to enjoy the benefits of professional money management and lend access to different markets, which they otherwise may not be able to access. The investment experts who invest the pooled money on behalf of investors of the scheme are known as 'Fund Managers'. These fund managers make investment decisions about the selection of securities and the proportion of investments to be made into them. However, these decisions are governed by certain guidelines which are decided by the investment objective(s), and investment pattern of the scheme and are subject to regulatory restrictions. It is this investment objective and investment pattern that also guides the investor in choosing the right fund for his investment purpose. Today, there are a variety of schemes offered by mutual funds in India, which cater to different categories of investors to suit different financial objectives e.g. some schemes may provide capital protection for the risk-averse investor, whereas some other schemes may provide for capital appreciation by investing in mid or small-cap segment of the equity market for the more aggressive investor. The diversity in investment objectives and mandates has helped to classify and sub-classify the schemes accordingly. The broad classification can be done at the asset class levels. Thus we have Equity Funds, Bond Funds, Liquid Funds, Balanced Funds, Gilt Funds, etc. These can be further sub-classified into different categories like mid-cap funds, small-cap funds, sector funds, index funds, etc.
Mutual Fund schemes can be classified into different categories and subcategories based on their investment objectives or their maturity periods. Mutual Fund schemes can be classified into three categories based on their maturity periods. Open-ended funds : An open-ended fund or scheme is available for subscriptions and redemptions continuously. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared daily. Close-ended funds: A close-ended fund or scheme has a stipulated maturity period which can range from a few months to a few years, e.g. 6 months, 5 years, or 7 years. i.e. fund is open for subscription only during a specified period at the time of launch of the scheme which is the New Fund Offer (NFO). Investors can invest in the scheme at the time of the NFO and thereafter, they can buy or sell the units of the scheme on the stock exchanges where the units have to be mandatorily listed. Interval funds: These schemes are a cross between an open-ended and a close-ended structure. These schemes are open for both purchase and redemption during pre-specified intervals (viz. monthly, quarterly, annually, etc.) at the prevailing NAV-based prices. Interval funds are very similar to closed-ended funds, but differ on the following points:- • They are not required to be listed on the stock exchanges, as they have an in-built redemption window. • They can make a fresh issue of units during the specified interval period, at the prevailing NAV-based prices. • Maturity period is not defined. Exchange-Traded Funds: Exchange Traded Funds or ETFs are essentially Index Funds that are listed and traded on exchanges like stocks. They enable investors to gain broad exposure to indices on stock markets in India and in some cases in other countries as well. These indices, if based on certain specific sectors/themes would thus provide exposure to such sectors with relative ease, on a real-time basis, and at a lower cost than many other forms of investing. For example, some ETFs track S&P CNX Nifty, BSE Sensex, etc. Gold ETFs are mutual fund schemes where the underlying investment is in physical gold. Fund of Funds: Fund of Funds (FoF) as the name
suggests are schemes that invest in other mutual fund schemes. The concept is
popular in markets where there are several mutual fund offerings and choosing
a suitable scheme according to one’s objective is tough. Just as a mutual fund
scheme invests in a portfolio of securities such as equity, debt, etc. The
underlying investments for an FoF are the units of another mutual fund scheme (s),
either from the same fund family or from other fund houses or from funds
domiciled outside the home country (known as overseas feeder fund or fund of
funds explained in detail under section types of equity funds). 1.3 HISTORY The mutual fund industry in India started in 1963 with the formation of the unit trust of India, at the initiative of the government of India and the reserve bank. The growth was slow, but it accelerated from the year 1987 when non-UTI players enter the industry. The mutual fund industry is obviously growing in a tremendous space with the mutual fund industry can be broadly put into four phases according to the development of the sector. Each phase is briefly described. The first phase –1964-87 Unit trust test of India (UTI) was established in 1963 by an act of parliament 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 was launched by the UTI unit scheme in 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 Canbankmutual fund (Dec 87), Punjab National Bank Mutual fund (Aug 89) Indian Bank Mutual fund (Nov 89) Bank of India (June 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 of RS 47,000 crores. THIRD PHASE-1993-2003(ENTRY OF PRIVATE SECTOR FUNDS) 1993 was the year in which the first mutual fund regulations came into being, under which all mutual 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 more comprehensive and revised mutual fund regulations in 1996. The industry now functions under the SEBI ( mutual fund ) Regulations 1996. As of the end of January 2003, there were 33 mutual funds with total assets of Rs 1,21,805 crores. 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 test of India with assets under
management of RS 2385 crores as of the end of January 2003, representing
broadly, the assets of the US 64 scheme, assured return, and certain other schemes. The second is the UTI mutual fund ltd, sponsored by SBI, PNB, BOB, and
LIC. It is registered with SEBI and functions under the mutual fund regulations
consolidations and growth. As of the end of September 2004, 29 funds manage assets of RS 153108 crores under 421 schemes. 1.4 ADVANTAGES OF MUTUAL FUNDS:- If mutual funds are emerging as the favorite investment vehicle, it is because of many advantages they have over others form and the avenues of investing, particularly for the investor who has limited resources available in terms of capital and the ability to carry out a detailed research and marketing monitoring. The following are the major advantages offered mutual funds to all investors:- Portfolio Diversification:- https://examstudie.blogspot.com/ Each investor in the mutual funds is a part of all the fund’s assets thus enabling him to hold a diversified investment portfolio even with a small amount of investment that would otherwise require a big capital. Professional Management:- Even if the investor has a big amount of capital
available to him, he benefits from the professional management skills brought
in by the fund in the management of the investor’s portfolio. The investment
management skills, along with the needed research into available investment
options, ensure a much better return than what an investor can manage on his
own. Few investors have the skill and resources of their own to succeed in
today’s fast-moving, global and sophisticated markets. Reduction/Diversification Of Risk:- When an investor invests directly, all the risk of potential loss is his own, Whether he places a deposit with a company or a bank, or he buys a share or debenture on his own or in any other form. While investing in the pool of funds with investors, the potential losses are also shared with the others investors. The risk of reduction is one of the most important benefits of a collective investment vehicle like the mutual fund. Reduction Of Transaction Costs:-
What is true of risk is also true of transaction
costs. The investor bears all the costs of investing such as brokerage or
custody of securities. When going through a fund, he has the benefits of
economies of scale; the funds pay lesser costs because of larger volumes, a
benefit passed on to its investors. Liquidity:-
Often, investors hold shares or bonds they
cannot directly, easily, and quickly sell. When they invest in the units of a
fund, they can generally cash their investments at any time, by selling their
units to the fund if open-ended, or selling them in the market if the fund is
close-ended. Liquidity of investment is clearly a big benefit. Convenience And Flexibility:- Mutual fund management companies offer many investor services that a direct market investor cannot get. Investors can easily transfer their holding from one scheme to other; get updated market information and so on. Tax benefits:-
Any income distributed after March31, 2002 will be
subject to tax in the assessments of unitholders. However, as a measure of
concession to unitholders of open-ended equity-oriented funds, income
distributions for the year ending March31, 2003 will be taxed at a concessional
rate of 10.5%. In the case of Individuals and Hindu Undivided Families a deduction of up to Rs. 9,000/-from the total income will
be admissible in respect of income from investments specified in Section 80L, including income from units of Mutual Fund. Units of the
scheme are not subject to Wealth-Tax and Gift-Tax. Choices of Schemes:- Mutual Funds offer a family of schemes to suit your varying needs over a lifetime. Well Regulated:- All mutual funds are registered with SEBI and they function within the provisions of strict regulations designed to protect the interests of investors. The operation of mutual funds is regularly monitored by SEBI. Transparency:- You got regular information on the value of your investment in addition to disclosure on the specific investments made by your scheme, the proportion invested in each class of assets, and the fund manager’s investment strategy and outlook. 1.5 DISADVANTAGES OF INVESTING THROUGH MUTUAL FUNDS:- NO CONTROL OVER COSTS:- An investor in a mutual fund has no control over the overall cost of investing. The investor pays Investment management fees as long as he remains with the fund, albeit in return for the special management and research. Fees are payable If the value of investments is declining. A mutual funds investor also pays fund
distributions cost, which he could not incur indirect investing. However, this
shortcoming only means that there is a cost to obtain the mutual fund service. No Tailor-Made Portfolio:- Investors who invest on their own can build their own portfolios of shares and bonds and other securities. Investing through funds means he delegates this decision to the fund managers. The very-high-net-worth individuals or large corporate investors may find this to be a constraint in achieving their objectives. However, most mutual fund managers help investors overcome this constraint by offering families of a funds-a large number of different schemes with their own management company. An investor can choose from different investment plans and construct a portfolio to his choice. Managing A Portfolio Of Funds:- Availability of a large number of funds can actually mean too much choice for the investor. He may again need advice on how to select a fund to achieve his objectives, quite similar to the situation when he has individual shares or bonds to select. The Wisdom Of Professional Management:- That’s right, this is not an advantage. The average mutual fund manager is no better at picking stocks than the average non-professional, but charges fees. No Control:- Unlike picking your own individual stocks, a mutual fund puts you in the passenger seat of somebody else’s car.
Mutual funds generally have such small holdings of so many different stocks that insanely great performance by a fund’s top holdings still doesn’t make much of a difference in a mutual fund’s total performance. Buried Costs:- Many
mutual funds specialize in buying their costs and in hiring a salesman who does not
make those costs clear to their clients. 1.6 MAJOR MUTUAL FUND COMPANIES IN INDIA · ABN AMRO Mutual fund. · Birla sun life mutual fund. · Bank of Baroda Mutual fund. · HDFC Mutual fund. · HSBC Mutual fund. · ING Vysya Mutual fund. · Prudential ICICI Mutual fund. · State bank of India mutual fund. · Tata mutual fund. · Unit trust if India Mutual fund. · Reliance Mutual fund. · Standard chartered Mutual fund. · Franklin Templeton India Mutual fund. · Morgan Stanley Mutual fund India. · Escorts Mutual funds. · Alliance capital Mutual fund. · Benchmark Mutual fund.
·
Canbank Mutual Fund ·
· LIC Mutual Fund. · GIC Mutual Fund 1.7 TYPES OF MUTUAL FUND SCHEMES
BY STRUCTURE-
·
Open-ended scheme:- An open-ended scheme is available for subscription and
repurchase continuously. These schemes do not have a fixed maturity
period. Investors can conveniently buy and sell units at Net Asset Value (NAV)
related prices which are declared daily. The key feature of
open-ended schemes is liquidity. ·
Interval schemes:- Interval schemes combine the features of open-ended and close-ended
funds. The units may be traded on the stock exchange or may be open for sale or
redemption during pre-redemption intervals at NAV-related prices. Fixed
maturity plans, or, FMP’s are examples of these types of schemes.
· Equity fund:-Equity fund schemes endeavor to provide the potential for high growth and returns with a moderate to high risk by investing in shares. Such schemes are either actively or passively managed and best suited for investors with s long-term investment horizons. · Debt fund:- Debt funds mainly invest in a mix of debt or fixed income securities such as Treasury Bills, Government Bonds Money Market Instruments, and other Debt Securities of different time horizons, debt securities have a fixed maturity date & pay a fixed rate of interest. · Balanced funds:-A balanced fund is a mutual fund that contains a stock component, a bond component, and sometimes a money market component in a single portfolio. Generally, these funds stick to a relatively fixed mix of stocks and bonds. Their holdings are balanced between equity and debt with their objective between growth and income. BY INVESTMENT OBJECTIVE- · Growth schemes:-A growth fund is a diversified portfolio of stocks that has capital appreciation as its primary · Income schemes · Balanced schemes · Money market schemes OTHER SCHEMES- · Tax Saving Scheme · Index Scheme ·
Sector
Specific Schemes CHAPTER 2 RESEARCH METHODOLOGY
The report is based on primary as well as secondary data however primary data collection was given more importance Since it was an overhearing factor in attitude studies. One of the most important users of research methodology is that it helps in identifying the problem, collecting, analyzing the required information data, and providing an alternative solution to the problem, collecting, analyzing the required information data, and providing an alternative solution to the problem. It also helps in collecting the vital information that is required by top management to assist them in better decision making both day-to-day decisions and critical ones. 2.2 NEED FOR THE RESEARCH Mutual funds are a booming sector nowadays and it has a lot of scopes to generate income and provide a return to the investor. The impressive growth of mutual funds in India has attracted the attention of Indian researchers, individuals, and institutional investors. The need of the research work is to evaluate the performance of different mutual funds in India available in the selected banks and keep the mutual fund investors fully aware of it. Thus, there is the need to investigate how efficiently the hard-earned money of the investors and scarce resources of the economy are efficiently utilized. · To understand the contribution of mutual funds to the growth and development of the economy in general. · To understand the risk and return relationship for each mutual fund scheme under consideration.
· To study and make a comparative analysis of the mutual fund schemes offered by reliance mutual funds and identify the best. 2.4 SCOPE OF THE RESEARCH · The schemes were categorized and selected for evaluating their performance relative to risk.
·
The scope of the project is
mainly concentrated on the top-performing schemes of mutual funds. 2.5 OBJECTIVES:- · To study the various mutual fund schemes in solan. · To study the people in which age and income group prefer mutual funds over the investment options.
·
To study the risk factors involved in the
mutual funds and how to analyze them. 2.6 RESEARCH DESIGN SOURCES OF DATA:- PRIMARY DATA:- since a study requires a systematic gathering of
information survey research( using a structured questionnaire) was selected. SECONDARY
DATA:- · Journal reports · Magazines · Newspaper and books · Websites
Sample unit:- Investors and non-investors are involved INVESTORS;-Investors are the people who commit capital with the expectation of receiving financial returns. Investors utilize investments to grow their money and/or provide an income during retirement.
NON- INVESTORS Noninvestors are any investor who does not meet the income or net worth requirements. Sample size:- The study involves 50 respondents Sampling type:- The sample size has been taken by a nonrandom convenient sampling technique Sample design:- Data has been presented with the help of a payment pie chart.
2.7 STATISTICAL TOOL FOR ANALYSIS Percentage method:- The percentage method refers to raw streams of data as a percentage( a part of 100 – percent) The percentage method of accrual calculations distinguishes between cross-controlling area data in which you maintain an overhead structure and controlling area-related data, such as base cost element, overhead rates, and credit objects. .8 LIMITATIONS OF THE STUDY:-
Data Limitations:-
All the sources, from where the data of the present study has been
extracted do not provide the complete data, often data available is only for
the recent 2 or 3 years, not enough for analysis. A few private corporate
bodies are providing data but getting those data is also very difficult and
often they are charged exorbitantly in their coverage. Sampling errors:- The study is mainly based on secondary sources of the primary surveys conducted by AMFI and SEBI therefore, errors of primary surveys are bound to have occurred. Impact of time:- The study on the impact of policy measures on the growth and development of AMFI can not be seen in a short period where the reforms are an ongoing process. Frequent changes:- The world is very fast and changes are happening frequently due to globalization and liberalization. the researchers may not be able to consider all the changes and therefore there will be a gap in the period for further studies in the future. However, the researchers are of the strong opinion, that the result in no way would be affected. CHAPTER – 3
DATA ANALYSIS AND
INTERPRETATION Table 3.1 has been made to classify the respondents based on their age group. It is evident from the table that the majority of respondents i.e. 50% fall in the age group above 40 years followed by30% and 20% who fall in the age group 30-40 and 20-30 years respect Table 3.1 CLASSIFICATION OF THE RESPONDENTS BASED ON AGE GROUP
Source: Data collected
through questionnaire. CLASSIFICATION OF THE RESPONDENTS BASED ON AGE GROUP Fig. 3.1  Table 3.2 has been made to classify the respondents based on their occupations. It is evident from the table that the majority
of respondents i.e. 50% fall in the occupation of the private employee, followed by
20%, 10%, and 20% who fall in the occupation of govt. employee, self employee,
and others respectively. Table 3.2 CLASSIFICATION OF RESPONDENTS BASED ON OCCUPATION
Source: Data collected through questionnaire. CLASSIFICATION OF RESPONDENTS BASED ON OCCUPATION Fig 3.2  Table 3.3
has been made to classify the respondents based on their education. It
is evident from the table that the majority of the respondents i.e. 40% fall in
the qualification of graduate, followed by 30% and 30% undergraduate/post-graduate and others respectively
CLASSIFICATION OF RESPONDENTS BASED ON EDUCATION Table 3.3
Source: Data collected through questionnaire. CLASSIFICATION OF RESPONDENTS BASED ON EDUCATION Fig. 3.3  Table 3.4
has been made to classify the respondents based on their income. This
table shows that 40% of people earn below 25000, 40% of people earn between
25000-40000, 4% of people earn between 40000-50000, 6% of people earn between
55000-80000, and 0% of people earn above 80000 CLASSIFICATION OF RESPONDENTS BASED ON INCOME Table 3.4
Figure 3.4 CLASSIFICATION OF RESPONDENTS BASED ON INCOME  Table 3.5 has been made to
classify the respondents based on their investment in mutual funds. It
is evident from the table that out of 50 respondents the majority of the
respondents i.e. 40% have invested in mutual funds, 30% have not invested in
mutual funds, and the other 30% invest some time in the mutual funds. Table 3.5 CLASSIFICATION OF THE RESPONDENTS BASED ON THEIR INVESTMENT IN MUTUAL FUNDS
Table 3.6 has been made to
classify the respondents based on the monthly household income they
invest in the mutual funds. It is evident from the table that out of 50
respondents 70% of the respondents have invested 10-15% of the monthly
household income in mutual funds followed by 10%, 16%, 4%, and 0% who fall in
16-20%, 21-25%, 26-30%, and above 30% respectively. Table 3.6 CLASSIFICATION OF RESPONDENTS BASED ON MONTHLY HOUSEHOLD INCOME INVESTED IN MUTUAL FUNDS
Fig3.6 CLASSIFICATION OF
RESPONDENTS N THE BASIS OF MONTHLY HOUSEHOLD INCOME INVESTED IN MUTUAL FUNDS  Table 3.7
has been made to classify the respondents based on their monthly
household income invested in other investment options. It is evident from the
table that the majority of respondents i.e. 60% invest their monthly household
income in fixed deposit (F.D.) followed by 0%, 20%, and 20% invest in govt.
bonds, insurance, and gold. Table 3.7 CLASSIFICATION OF
RESPONDENTS BASED ON OTHER OPTIONS USED BY THEM FOR INVESTMENT
Source: Data
collected through questionnaire. Figure 3.7 CLASSIFICATION OF THE RESPONDENTS BASED ON OTHER
OPTIONS USED BY THEM FOR INVESTMENT  Table 3.8 has been made to
classify the respondents based on sources from where they get information
about mutual funds. It is evident from the table that the majority of respondents
i.e. 44% get information about mutual funds from newspapers. Followed by
24%, 16%, 16%, 16%, and 0% get the information from banks, agents, television,
friends, and others.
Table 3.8 CLASSIFICATION OF THE RESPONDENTS BASED ON SOURCES FROM WHERE THEY GET THE INFORMATION ABOUT MUTUAL FUNDS.
Source: Data collected through questionnaire. Fig.3.8 CLASSIFICATION OF
THE RESPONDENTS BASED ON SOURCE FROM WHERE THEY GET THEIR INFORMATION
ABOUT MUTUAL FUNDS |
Table 3.9 has been made to classify the respondents based on factors they considered before investing in mutual funds and another scheme. It is evident from the table that the majority of respondents i.e. 40% considered the factor liquidity before investing in mutual funds followed by 20%, 20%, and 20% considered low risk, high return, and trust.
Table 3.9
CLASSIFICATION OF THE RESPONDENTS BASED ON FACTORS THEY CONSIDERED BEFORE INVESTING IN MUTUAL FUNDS
|
Factors |
No. Of
respondents |
Percentage |
|
|
|
|
|
Liquidity |
20 |
40% |
|
|
|
|
|
Low risk |
10 |
20% |
|
|
|
|
|
High return |
10 |
20% |
|
|
|
|
|
Trust |
10 |
20% |
|
|
|
|
Source:
Data collected through questionnaire.
Table
3.13 has been made to classify the respondents based on the period they
monitor their investment. It is evident from the table that the majority of
respondents i.e. 80% monitor their investment on monthly basis followed by 20%,
0%, and 0% monitor their investment on a daily, weekly, and yearly basis
respectively.
Table 3.13
CLASSIFICATION OF THE RESPONDENTS BASED ON MONITORING INVESTMENT
|
|
Period |
|
No.
Of respondents |
Percentage |
|
|
|
Daily |
|
0 |
0% |
|
|
|
Weekly |
|
0 |
0% |
|
|
|
Monthly |
|
40% |
80% |
|
|
|
Yearly |
|
10% |
20% |
|
Source: Data collected through questionnaire.
Fig 3.13
CLASSIFICATION OF THE RESPONDENTS BASED ON MONITORING INVESTMENT
Chapter- 4
FINDINGS, CONCLUSION
&
SUGGESTIONS
4.1
FINDINGS
In Solan in the age group of 30-40 years were more in number.
The second most investors were in the age group of 41-45 years and least were in the age group of bellow 40-50 years.
In the occupations group, most of the investors were private employees, and the second most were government employees
Among 50 respondents only 10% of respondents had invested in mutual funds.
Out of 50 respondents, 61% were not aware of mutual funds, and 39% told there is not any specific reason for not investing in mutual funds.
For future investment the maximum respondents prefer SEBI mutual fund, the second most prefer reliance, ICICI Prudential has been preferred after them.
Most respondents preferred high return while investment, the second most preferred low risk then trust, and the least preferred liquidity.
Only 61% of respondents were aware of mutual funds
and their operations and 39% were not among 50 respondents only 10% had invested
in mutual funds and 40% did not have invested in mutual funds.
Most of the investors had invested in SEBI or relied on Mutual funds, ICICI Prudential has also a good brand position among investors.
60% of investors preferred to invest through Financial advisors, 30% through AMC ( means direct investment ), and 10% through banks.
Running a successful mutual fund market requires a complete understanding of the peculiarities of the Indian stock market and also the psyche of the small investors.
4.2
CONCLUSION
This study has made an attempt to understand the financial behavior of mutual fund investors in connection with preferences of brand AMC products, channels, etc.
I observed that many people have fear of mutual funds. They think that money will not be secure in mutual funds. They need knowledge of mutual funds and their related terms. Many people do not have invested in mutual funds due to a lack of awareness although they have money to invest. As awareness and income are growing the number of mutual fund investors is also growing.
“Brand ', plays an important role in the investment. People invest in those companies where they have faith or they are well known with them. There are many AMCs in Solan but only some are performing well due to brand awareness. Some AMCs are not performing well although some of their schemes of them are giving good returns because of not aware of the Brand. Reliance, UTI, ICICI, Prudential, etc.
4.3SUGGESTIONS
The most vital problem spotted is ignorance, Investors should be made aware of the benefits. Nobody will invest unless he is fully convinced. Investors should be made to realize that ignorance is no longer bliss and what they are losing by not investing.
BIBLIOGRAPHY
·
Newspaper
·
Television
·
Mutual Fund handbook
·
Fact sheet and statement
QUESTIONNAIR
1 Name:- __________________________
2Age
a 20-30( )
b 30-40( )
c 40-50( )
d 50-60( )
e above 60( )
3 Occupation
a
government employee( )
b private employee. ( )
c self employee. ( )
d Others. ( )
4Education
an undergraduate ( )
b
graduate/post graduate( )
c other ( )
5Income:-
a.bellow
250000 ( )
B.25000-40000
( )
c40000-50000(
)
d 55000-
80000( )
e. Above
80000 ( )
6 Do you invest in mutual funds.
a yes( )
b No ( )
c
sometimes ( )
7 Do you invest in mutual funds? If yes, then what percentage of your monthly household income do you invest in Mutual funds?
a 10%- 15%
( )
b 16%- 20%
( )
c 21%- 25%
( )
d 26%- 30%
( )
e 30% and
above ( )
8 If not then what other options (s)
do you prefer for investment?
a fixed
deposit ( )
b
government bonds ( )
c
Insurance ( )
d gold (
)
9 How did you know about the mutual
fund scheme.
a Bank (
)
b Agent (
)
c
Newspaper ( )
d
Television ( )
e-friends
( )
fothers
( )
10 Which factor do you consider before investing in mutual funds or other investment options?
a
Liquidity ( )
b low
risk ( )
c High
returns ( )
d Trust(
)
11 Which factor do you consider most important while choosing an investment option?
How
quickly will I be able to increase my wealth?
( )
b The
opportunity for steady growth ( )
c The
amount of monthly income the investment
will generate ( )
d The
safety of investment principal ( )
12 Please indicate your preference for the following investment avenues.
Categories |
Unfavorable |
Favorable |
Neutral |
a) market
b) Insurance
c) Bank
deposit
d) Real
Share state
13 How often do you monitor your
investment?
a Daily (
)
b weekly
( )
c monthly
( )
d yearly ( )
14 Your comfort level in making investment decisions can best be described as
a low ( )
b
moderate ( )
c High (
)
15can mutual fund be viewed as a risk-free investment
a yes( )
b No( )
Why______________________________________________
16Do you agree to private/ public sector mutual fund investment Provide a shield against the risk of loss of direct investment in shares?
a agree (
)
b
disagree ( )
17 Do you agree that mutual funds
are more secure than other investment options?
a agree (
)
b
disagree ( )
18How long you have been investing
in mutual funds
a less
than 5( )
b 5-10
years ( )
d more than
15 years ( )
19What kind of investor you are
a risk-averse ( )
b
moderate risk taker ( )
c high-risk taker ( )
20 what has
been your experience With returns expected from investment in mutual funds?
a very
high ( )
b high
( )
c Neither
high nor low ( )
d Not
applicable ( )
21If shortly you ever plan to invest your money in any of the
mutual fund companies, which would be
your first investment choice?
a SEBI
mutual fund ( )
b HDFC
mutual fund ( )
c
Reliance mutual fund ( )
d ABM
AMRO mutual fund ( )
e Others ( )
22 Would you like to give any suggestions regarding the improvement of
investment in mutual funds and other
investment options?
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