...SBI Mutual Fund, sometimes also referred to as SBIMF, is one of the top mutual fund companies in India. Started as a joint venture between State Bank of India (SBI) and AMUNDI (France) in 1988, SBIMF boasts of 30 years of experience in fund management and delivering amazing results to the customers. Headquartered in Mumbai, it has over 160 branches that are successfully serving investors all over India. Services provided by the SBI Mutual Fund company include: • Mutual Funds o Equity Funds o Debt Funds o Hybrid Funds o Exchange Traded Fund (ETF) o Fixed Maturity Plans (FMP) • Portfolio Management and Advisory Services • Offshore Funds • Alternative Investment Funds One of the mutual fund schemes that offers a great opportunity to generate...
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...MUTUAL FUNDING: IMPACT ON THE GHANAIAN ECONOMY A comparative study of two mutual funds companies in Kumasi DEPARTMENT OF BUSINESS STUDIES EDMUNDSON LAWRENCE KOBINA 1.0 INTRODUCTION 1.1 BACKGROUND TO THE STUDY Over the years in Ghana, the private sector has had it difficult raising capital and adequate funds for investment and other business activities, this led to the undertaking of a number of financial sector reforms by the government. The emergence of mutual funds into the Ghanaian financial sector has been as a result of these reforms. This is to facilitate capital generation and savings mobilization for the private sector to help them accomplish their organizational objectives. It has become evidently clear that, to achieve development in the economy in terms of high gross domestic product (GDP), a better per capita income, less unemployment and reduction in inflation, the private sector of the economy should be encouraged to lead in the generation of wealth. Capital for investment in this country (Ghana) is either sought for internally or externally but the Ghanaian government like its’ counterparts in other African countries have been relying heavily on external funds from developed economies and donor communities to be able to implement public sector development policies. This has not been so easy in recent years due to the diversification of these funds to countries such as China and other Asian countries that are now better...
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...THE PERFORMANCE OF MUTUAL FUNDS IN GHANA BY WISDOM KWASHIE AFORNORPE A DISSERTATION SUBMITTED TO THE DEPARTMENT OF ECONOMICS, UNIVERSITY OF GHANA, LEGON, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF ARTS DEGREE IN ECONOMIC POLICY MANAGEMENT OCTOBER, 2008 DECLARATION I, Wisdom Kwashie Afornorpe, author of this Master of Arts dissertation do hereby declare that, except for references to other people’s works which have been duly acknowledged, the work presented here titled “Comparative Analysis of the Performance of Mutual Funds in Ghana” was done entirely by me. This work has never been presented in whole or in part for any other degree in this University or elsewhere. …..…………………………… Wisdom Kwashie Afornorpe (Student) ……. ………………..…… Mr. Frank Agyire-Tettey (Supervisor) DEDICATION I dedicate this study to Mr. Abraham Boateng...
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...CHAPTER-1 INTRODUCTION OF THE STUDY Background of the study: Mutual fund industry in India attaining maturity Even though the capital market attracts people there are several problems associated with it. While investing directly in to capital market one to be careful to judge the valuation of the stock and understand the complexities involved in the stock price fluctuations. So, a person with moderate knowledge of capital market generally prefers to invest in mutual funds. In recent times mutual fund industry in India is growing rapidly and is undergoing tremendous changes. The Indian mutual fund industry has witnessed several structural and regulatory reforms. Different Investment Avenue are available to investors. Mutual fund also offers good investment opportunities to the investors. Like all investment, they also carry certain risks. The investors should compare the risks and expected yields after adjustment of tax on various instruments while taking investment decisions. The investors may seek advice from experts and consultants including agents and distributors of mutual funds schemes while investment decisions. An objective to make the investors aware of functioning of mutual funds, an attempt has been made to provide information in question-answers format which may help the investors in taking investment decisions. Meaning of mutual fund: Mutual fund is a mechanism for pooling the resources by issuing units to the investors...
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...MCS 2100 Personal Financial Management Case Study Jingyao Zhang 0626757 November 9th, 2011 MCS 2100 – Personal Finance Management: Case Study Abstract Jane is looking for possible investment ideas in order to obtain her future house down payment. She does not want to spend much time in managing her investments and has a medium-low risk level. Her goal on investment is seeking for growth for down payments on a house if she decides to pay 25 percent down payment. However, if she decides to pay less than 25 percent down payment, her investment goal is seeking for income. Different investment goal differentiates investment choices. The purpose of this case study is to recommend possible investment choices for Jane and the criteria used to evaluate those investment choices. Introduction Jane has inherited $30,000 from her grandmother and plans to invest this money for a future down payment on a house. Her plan is to buy a house outside of Toronto area in the next three to four years. She has a lost risk level of four out of ten as she does not want to lose the money she got from her grandmother. Moreover, she would like to obtain tax relief on her investment. At the same time, she only wants to spend about one hour per month in managing her investment. She has an adequate emergency fund on hand; therefore, she does not need to access these funds. Her travel expenses will be paid by her income. Investment Goals The primary investment goal is to obtain...
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...Risk Perception towards Mutual Funds Services Nidhi Walia (Corresponding author) Lecturer, School of Management & Social Sciences, Thapar University Patiala, India E-mail: nwalia@thapar.edu Dr. Mrs. Ravi Kiran School of Management & Social Sciences, Thapar University Patiala, India E-mail: rkiran@thapar.edu Abstract Financial markets are constantly becoming more efficient by providing more promising solutions to the investors. Being a part of financial markets although mutual funds industry is responding very fast by understanding the dynamics of investor’s perception towards rewards, still they are continuously following this race in their endeavor to differentiate their products responding to sudden changes in the economy. Thus, it is high time to understand and analyze investor’s perception and expectations, and unveil some extremely valuable information to support financial decision making of mutual funds. Financial markets are becoming more exhaustive with financial products seeking new innovations and to some extent innovations are also visible in designing mutual funds portfolio but these changes need alignment in accordance with investor’s expectations. Thus, it has become imperative to study mutual funds from a different angle, i.e, to focus on investor’s expectations and uncover the unidentified parameters that account for their dissatisfaction. Present research proposes to identify critical gaps in the existing framework for mutual funds and further extend it to...
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...EXECUTIVE- SUMMARY The primary objective of this project is based on a methodological study, as it required to me to understand Indian consumer behavior related to the investments in mutual funds. To execute the knowledge, I preferred to study about the mutual funds and some other popular investments options in India. Thus the first part of the project based on learning the following in details: ➢ About Religare ➢ Product and services of Religare ➢ Services and charges provided by Religare ➢ Consumer behavior ➢ Analysis of Investors profiles ➢ Some popular Investments options in India ➢ Mutual Funds ➢ Market survey and research. After undergoing the training about the products and operational features. I started exploring the product and contact the prospective customers by way of tele callings, emails, corporate presentations, road shows and by arranging canopy. My primary aim was to give better options to the prospective customers by offering them products specialized features and its unique incomparable qualities in the services provided by Religare securities limited. OBJECTIVE OF THE STUDY The objective of this research and survey is to know the Indian consumers behavior related to the investment in Mutual Funds. In this research & survey firstly I tried to analyze the various popular investment options available in India, and their strengths and weaknesses. Apart from this I also tried to find out the...
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...confused on whether to select the Vanguard 500 index fund or equity mutual funds. Assignment Questions The 401(k) Account at East Coast Yachts mini case asks to provide details regarding implications drawn from a provided graph for mutual fund investors. Additionally, the mini case asks whether the graph is consistent with market efficiency. Furthermore, the mini case seeks to understand the reason for making an investment decision for the equity portion of a 401(k) account. Graph for Mutual Fund Investors The general desire for an investor is to receive a return on their investments. The mutual fund has to outperform the market return in order to produce profits. However, mutual funds are unlikely to outperform the market because they usually have average market returns before expenses (Ross, Westerfield, & Jaffe, 2013). Considering the fund managers are responsible for making decisions and achieving results, they often take a high fee, which adds to expenses and deducts from the funds overall value. Additionally, no more than half of equity mutual fund investors are likely to outperform the market (Ross et al., 2013). Once the costs of the expenses are considered, the number drops to well below half. Consequently, determining whether the account is efficient is not important unless the mutual fund manager outperforms other investors and managers. Considering the average expense ratio, it is unlikely that the mutual fund manager would outperform the market (Ross et al....
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...------------------------------------------------- Home * ------------------------------------------------- Rules and Regulations * ------------------------------------------------- Educarnival Home ------------------------------------------------- Top of Form Bottom of Form ------------------------------------------------- A project paper on: “Performance in Pooling of funds, making of portfolios and Dividend policy of Investment Corporation of Bangladesh (ICB)”. March 19, 2013 | Author: Farzana | Posted in Featured Article Table of Contents * ------------------------------------------------- 1 Chapter 1 * ------------------------------------------------- 1.1 Overview * ------------------------------------------------- 1.2 Statement of the problem * ------------------------------------------------- 1.3 Rationale of the study * ------------------------------------------------- 1.4 Objective of the study * ------------------------------------------------- 1.5 Methodologies * ------------------------------------------------- 1.6 Expected outcome of the study and its use: * ------------------------------------------------- 1.7 Limitation of the study * ------------------------------------------------- 2 Chapter 2 * ------------------------------------------------- * ------------------------------------------------- 2.0.1 Background * ------------------------------------------------- 2.1 Objective of ICB * -------------------------------------------------...
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...project guide Lect . Mrs. Pooja Aparajita. I express my sincere thanks to the above stated person for their utmost support during my project. The immense scope of this project has helped me to understand many facts of marketing in Indian industry. (Nitin Rathore) LIST OF TABLES LIST OF TABLES Table No. Title of the Table Page No. Table No. 2.1 Transactional Handling 19 LIST OF FIGURES LIST OF FIGURES Figure No. Title of the Figure Page No. Figure No. 1.1 Objective of study 05 Figure No. 2.1 Mutual fund concept 09 Figure No. 2.2 Organization structure 13 Figure No. 2.3 Types of Mutual Fund Schemes 18 Chapter 1 1.1 Executive Summary India is one of the countries which is concentrating towards its share market & investment sector. Because a countries growth is totally dependent upon its educated people. So with the changing economical environment its effect can be easily being seen in this field also. The project “Market Research on Various Schemes of SBI Mutual Fund” analyses the future market and assists in understanding upcoming competition specifies about the future numbers, characteristics, and trends in markets of Bhilai & Durg region and trying to analyze the factors affecting customer expectations. The main aim of...
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...Heisenberg’s Uncertainty Principle and its Implications for Financial Institutions Submitted in Partial Fulfilment of Master of Business Administration By KARTIK CHANDRA CHATURVEDI Batch (2013-2015) University Roll No: S133F0010 December 2014 Under the guidance of NIDHI KAICKER SCHOOL OF BUSINESS, PUBLIC POLICY AND SOCIAL ENTREPRENEURSHIP AMBEDKAR UNIVERSITY DELH PAGE 1 CERTIFICATE This is to certify that I have successfully completed the project titled Heisenberg’s Uncertainty Principle and its Implications for Financial Institutions submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration at the School of Business, Public Policy and Social Entrepreneurship, Ambedkar University Delhi. It is further certified that the submitted report is based on original research work carried out by me. The material obtained from secondary sources is duly acknowledged. [Student Signature] KARTIK ……………………………………………………………………………..CHANDRA ……………………………………………………………………………..CHATURVEDI Roll No S133F0010 Batch: 2013-15 [Dean Signature] Dean SBPPSE [Faculty Signature] Faculty Advisor PAGE 2 ACKNOWLEDGEMENT I have taken efforts in this project. However, it would not have been possible without the kind support and help of many individuals in the organization and School of Business, Public Policy and Social Entrepreneurship, Ambedkar University, Delhi. I would like to extend my sincere thanks to all of them. I am highly...
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...Performance Evaluation of Finnish Mutual Funds 2014 TABLE OF CONTENT 1! ABSTRACT ............................................................................................... 1! 2! INTRODUCTION ..................................................................................... 2! 2.1.! Purpose ................................................................................................................. 2! 3! THE FINNISH FUND MARKET .............................................................. 3! 4! PREVIOUS RESEARCH ........................................................................... 5! 5! METHODOLOGY ..................................................................................... 8! 5.1.! Standard Deviation .............................................................................................. 8! 5.2.! Beta ....................................................................................................................... 8! 5.3.! Jensen Alpha ........................................................................................................ 9! 5.4.! Sharpe Ratio ....................................................................................................... 10! 5.5.! Treynor Ratio ..................................................................................................... 10! 5.6.! Hypothesis ........................................................................................................... 11! ...
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...RESEARCH COMMUNICATION A Study of Opportunities and Challenges for Mutual Fund in India : Vision 2020 1 Sarish* ABSTRACT In this paper, I have undertaken a study on mutual funds. The mutual fund sectors are one of the fastest growing sectors in Indian Economy and have awesome potential for sustained future growth. Mutual funds make saving and investing simple, accessible, and affordable. The advantages of mutual funds include professional management, diversification, variety, liquidity, affordability, convenience, and ease of recordkeeping—as well as strict government regulation and full disclosure. The Mutual Funds originated in UK and thereafter they crossed the border to reach other destinations. The concept of MF was indianized only in the later part of the twentieth century in the year 1964 with its roots embedded into Unit Trust of India (UTI). Since its inception in 1964 there were only 25cr assets under management like a sapling but it has grown into a big banyan tree with assets of Rs. 481749cr under assets management companies till March 2010. But presently it has increases up to 700538cr at the end of March 2011. Now, booming stock markets & innovative marketing strategies of mutual fund companies in India are influencing the retail investors to invest their surplus funds with different schemes of mutual fund companies with or without complete understanding of Mutual Funds (MF). This paper focuses on the analysis of the mutual funds, its benefits, and drawbacks...
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...A PROJECT REPROT ON MUTUAL FUNDS IN INDIA EXECUTIVE SUMMARY In few years Mutual Fund has emerged as a tool for ensuring one’s financial well being. Mutual Funds have not only contributed to the India growth story but have also helped families tap into the success of Indian Industry. As information and awareness is rising more and more people are enjoying the benefits of investing in mutual funds. The main reason the number of retail mutual fund investors remains small is that nine in ten people with incomes in India do not know that mutual funds exist. But once people are aware of mutual fund investment opportunities, the number who decide to invest in mutual funds increases to as many as one in five people. The trick for converting a person with no knowledge of mutual funds to a new Mutual Fund customer is to understand which of the potential investors are more likely to buy mutual funds and to use the right arguments in the sales process that customers will accept as important and relevant to their decision. This Project gave me a great learning experience and at the same time it gave me enough scope to implement my analytical ability. The analysis and advice presented in this Project Report is based on market research on the saving and investment practices of the investors and preferences of the investors for investment in Mutual Funds. This Report will help to know about the investors’ Preferences in Mutual Fund means Are they prefer any particular Asset Management Company...
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...1. RESEARCH METHODOLOGY 1. Objectives of the study:- ➢ To study Mutual Fund Industry with specific reference to equity growth oriented schemes. ➢ To compare the performance of 5 open ended equity mutual fund schemes with various financial parameters like Treynor, Jenson and Sharpe Model. ➢ To assess the above-mentioned schemes in-depth and suggest the investors for the same. ➢ To assign ranks to the selected mutual fund schemes and suggest suitable scheme to the investors on the basis of risk and return. 2. Scope of the Study:- ➢ In this study we have selected last 5 years data for 5 equity oriented mutual fund schemes and their performance results. ➢ Due to time constrain, we took only five equity schemes and suggest the desired portfolio for the investors only on the base of above schemes only. ➢ We have taken BSE 100 as the benchmark index for calculation of market return though different funds have compared themselves on different indices. This is to make our study more valid and it is easy to compare performance on one benchmark return basis. ➢ We have considered the rate of interest of National Savings Certificates as the Risk free rate of return. 3. Criteria & Tools for Evaluation:- This study only includes five open ended equity funds during the last 5 years. Moreover the result of the study is only based on following measures. ➢ Treynor Measure ➢ Sharpe Measure ➢ Jenson Model 1.4 Research design:- ...
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