Project on Hdfc Mutual Fund

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“RISK RETURN ANALYSIS AND COMPARATIVE
STUDY OF MUTUAL FUNDS”
FOR HDFC Asset Management Company Ltd.

A Report on Project work In MASTER OF BUSINESS ADMINISTRATION (MBA) By Somesh Behere

GUIDED BY: BY: PROF.GARGI NAIDU HOD ACADEMICS VIM BHOPAL

SUBMITTED

SOMESH BEHERE MBA IV Semester BHOPAL

VIDYASAGAR INSTITUTE OF MANAGEMENT BARKATULLAH UNIVERSITY BHOPAL(M.P.) SESSION (2008-2010)

BONOFIDE CERTIFICATE

This is to certify that the Report on Project Work titled “RISK RETURN ANALYSIS AND COMPARATIVE STUDY OF MUTUAL FUNDS” for HDFC Asset Management Company Ltd. is a bonafide record of the work done by

Somesh Behere

studying in Master of Business Administration in Vidhyasagar Institute of Management ,Bhopal during the year 2008-10.

Project Viva-Voce held on.....................

Internal examiner

External examiner

EXECUTIVE SUMMARY

The performance evaluation of mutual fund is a vital matter of concern to the fund managers, investors, and researchers alike. The core competence of the company is to meet objectives and the needs of the investors and to provide optimum return for their risk. This study tries to find out the risk and return allied with the mutual funds. This project paper is segmented into three sections to explore the link between conventional subjective and statistical approach of Mutual Fund analysis. To start with, the first section deals with the introductory part of the paper by giving an overview of the Mutual fund industry and company profile. This section also talks about the theory of portfolio analysis and the different measures of risk and return used for the comparison. The second section details on the need, objective, and the limitations of the study. It also discusses about the sources and the period for the data collection. It also deals with the data interpretation and analysis part wherein all the key measures related to risk and return are done with the interpretation of the results. In the third section, an attempt is made to analyse and compare the performance of the equity mutual fund. For this purpose β-value, standard deviation, and risk adjusted performance measures such as Sharpe ratio, Treynor measure, Jenson Alpha, and Fema measure have been used. The portfolio analysis of the selected fund has been done by the measure return for the holding period. At the end, it illustrates the suggestions and findings based on the analysis done in the previous sections and finally it deals with conclusion part.

ACKNOWLEDGEMENT

I take this opportunity to express my deep sense of gratitude to all those who have contributed significantly by sharing their knowledge and experience in the completion of this project work. I am greatly obliged to, for providing me with the right kind of opportunity and facilities to complete this venture. My first word of gratitude is due to Mr.Sidhartha Chattergee – Branch Manager, HDFC AMC,Allhabad, my corporate guide, for his kind help and support and his valuable guidance throughout my project. I am thankful to him for providing me with necessary insights and helping me out at every single step. I am also thankful to Prof Ashok Diwedi Executive Trainee, the former student of VIDHYASAGAR INSTITUTE OF MANAGEMENT, Bhopal for her constant valuable assistance and consultancy. I also thank Mr.Ankit Kumr, Unit Manager for his kind words of encouragement. Above all, I express my words of gratitude to HDFC AMC, Allahabad Branch for proving me with all the knowledge resources and enabling me to pass AMFI-MTUTUAL FUND (ADVISOR) MODULE; NSE’s CERTIFICATION IN FINANCIAL MARKETS (NCFM) with 74.5 percentages. I am extremely thankful to Miss. Gargi Naidu – my internal faculty guide under whose able guidance this project work was carried out. I thank her for her continuous support and mentoring during the tenure of the project. Finally, I would also like to thank all my dear friends for their cooperation, advice and encouragement during the...
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