Prateek Jha Synopsis
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PROJECT SYNOPSIS
Student Name : Prateek Jha
Roll Number : 1305010859
Specialization : Finance Management
Contact Number :
E Mail :
“Comparatives Study of Mutual Funds Offer by Various Companies in Indian Market”
NAME AND DESIGNATION OF THE ORGANIZATION GUIDE:
GUIDE NAME:
GUIDE DESIGNATION:
NAME AND DESIGNATION OF THE ACADEMIC GUIDE:
GUIDE NAME:
GUIDE DESIGNATION:
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1. INTRODUCTION1.1 INDUSTRY PROFILE
What is Life Insurance?Traditionally, life insurance used to provide financial protection to your family and dependents in the event of any unforeseen event or your untimely death. But nowadays, life insurance has become synonymous with savings, wealth generation and protection. Life insurance companies-these days-provide plans through which you can not only secure the financial future of your dependents in the event of death but also build wealth for them and be financially secure from eventualities such as disease and disability.
Why Life Insurance?
Life insurance is required because of the following factors -
Life insurance takes care of those who are financially dependent on you even when you are not around to look after them.
Retirement planning takes care of your retirement, as there is no guarantee of a consistent income post retirement.
The expenses you may incur in future will keep increasing due to inflation, and thus even a fluctuation in your income may lead to a compromised lifestyle.
Savings plan enables individuals to secure their financial future by helping you to get attractive returns.
Different Types of Life Insurance PlansTraditional life insurance plans:Traditional life insurance plans, also known as non-unit linked insurance plans, ensure that the majority of the investments made by the policyholders are in to safe debt instruments. These plans are ideal for risk-averse investors as they provide assurance of returns to a large extent.
Unit Linked Insurance Plans (ULIPs):
ULIPs, also known as market-linked life insurance plans, allow for investments made by the policyholders to get exposed to equities. ULIPs are suited for customers who aim for wealth creation over a long term.
Why Kotak Life Insurance?Kotak Life Insurance (Kotak Mahindra Old Mutual Life Insurance Ltd.) is one of the leading life insurance companies in India. It is a joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc, South Africa, one of the biggest life insurance companies
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in the world. We are committed to using our expertise in securing your future and ensuring that your investments keep giving you lucrative returns.
1.2 COMPANY PROFILEKotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc. The company started operations in 2001, and strives to offer its customers outstanding value through high customer empathy, consistent and benchmarked service and a suite of products that leverage the combined prowess of protection and long term savings. The company covers over 4 million lives and is one of the fastest growing insurance companies in India.
Established in 1985, the Kotak Mahindra group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited. The consolidated balance sheet of
Kotak Mahindra group is over 1.17 lakh cr and the consolidated net worth of the
Group stands at 18,455 cr (approx US$ 3.0 billion) as on December 31, 2013. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.
Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion of funds under management from core operations.
2. RESEARCH METHODOLOGY2.1 RESEARCH PROBLEM1. To project Mutual Fund as the ‘productive avenue’ for investing activities.
2. To show the wide range of investment options available in Mutual Funds by
explaining its various schemes.
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3. To compare the schemes based on Sharpe’s ratio, Treynor’s ratio,
Coefficient, Returns and show which scheme is best for the investor based on his risk
profile.
4. To help an investor make a right choice of investment, while considering the
inherent risk factors.
2.2. WHY IS THIS PROBLEM SIGNIFICANT / NEED FOR THE STUDYThe project’s idea is to project Mutual Fund as a better avenue for investment
on a long-term or short-term basis. Mutual Fund is a productive package for a lay-
investor with limited finances, this project creates an awareness that the
Mutual Fund is a worthy investment practice. Mutual Fund is a globally
proven instrument. Mutual Funds are ”Unit Trust” as it is called in some
parts of the world has a long and successful history, of late Mutual Funds
have become a hot favorite of millions of people all over the world.
The driving force of Mutual Funds is the ‘safety of the principal’ guaranteed, plus
the added advantage of capital appreciation together with the income earned in the
form of interest or dividend. The various schemes of Mutual Funds provide the investor
with a wide range of investment options according to his risk bearing capacities and
interest besides; they also give handy return to the investor. Mutual Funds offers an
investor to invest even a small amount of money, each Mutual Fund has a defined
investment objective and strategy. Mutual Funds schemes are managed by
respective asset managed companies sponsored by financial institutions, banks,
private companies or international firms. A Mutual Fund is the ideal investment vehicle
for today’s complex and modern financial scenario.
The study is basically made to analyze the various open-ended
equity schemes of different Asset Management Companies to highlight the diversity
of investment that Mutual Fund offer. Thus, through the study one would understand
how a common man could fruitfully convert a pittance into great penny by wisely
investing into the right scheme according to his risk taking abilities.
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2.3. RESEARCH METHODOLOGYThe Methodology involves randomly selecting Open-Ended equity schemes of
different fund houses of the country. The data collected for this project is basically from
two sources, they are:-
DATA COLLECTION
For the purpose of the study data has been collected through two sources among that
1. Primary source
2. Secondary source
PRIMARY SOURCE:
For the primary source data collected through structured questionnaire divided into
three categories those are to measure the environmental, physiological and
psychological factors stress. Totally twenty two questions and with four demographic
questions .
SECONDARY SOURCE:
For the secondary source I collected information from the company websites , company
broachers, from journals and articles about the company.
HYPOTHESIS:-
The Hypothesis of the study involves Comparison between:
1. Kotak Opportunities fund.
2. Reliance Equity Opportunities fund.
3. Franklin India Flexi fund.
4. HDFC Core & satellite fund.
5. HSBC India Opportunities fund.
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3. TOOLS / TECHNIQUES TO BE USED FOR DATA ANALYSISStatistical tools
Descriptive statistics Charts and graphs
4. EXPECTED RESULTS OF THE STUDY The Asset Management Company must design the portfolio in such a
way, to increase the returns.
The Asset Management Company must design the portfolio in such a way, to
lessen the risk that is common in the market.
The Asset Management Company must dedicate itself, because it
motivates the investors and potential investors to invest in Mutual Funds.
The Asset Management Company must manage the Fund efficiently
and with dedication to earn the goodwill of the public.
The Asset Management Company must make the most advantageous use of
print and electronic media in order to motivate the investors and potential
investors to invest in Mutual Funds.
5. LITERATURE REVIEW / RELATED RESEARCH OUTCOMESA company that collected money from a group of people with common investment
objectives to buy different securities is called mutual fund. The collected holding of
these securities was known as its portfolio Mark (2007). According to Teri (2007) mutual
fund is a professional investment company which managed collection of stocks, bonds,
or other securities owned by a group of investor. Eachmutual fund had a fund manager
who purchased and sold the fund’s investment according to the fund goals. Fund
managers were responsible to analyze the economic conditions, industry trends,
government regulations and the impact on stocks before selecting the securities for
investment.
Mutual funds provided investment facility to the small investors who cannot afford to
invest the large sums of money Teri (2007). Basically these small investors invested
money into a common fund and handover the investment decision to fund manager.
Many people often regard the beginning of Foreign and Colonial Government Trust as
the beginning of modern day mutual funds. But the beginning of mutual funds dates
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back to Seventeenth century when the first "pooling of money" for investments was
done in 1774. Following the financial crisis of 1772-1773 a Dutch merchant Ketwich
invited investors to come together to form an investment trust under the name of
Eendragt Maakt Magt David (2007). The purpose of the trust was to provide
diversification at low cost to the small investors.
6. WORK DONE list of functionaries met; documents received from company website; registers and files seen through online; number of samples collected/questionnaires filled
7. BOOKS, SITES, JOURNALS, MAGAZINES REFERRED
Layman’s Guide to Mutual Funds By “OUTLOOK”
Mutual Funds Primer By “ECONOMIC TIMES”
www.amfiindia.com
www.kotakmutual.com
www.reliancemutual.com