Mutual Fund Industry in India

Powerful Essays
Preface
The Indian mutual fund industry has definitely come a long way since it‘s inception in 1964. With the entry of private sector Mutual funds in 1993 the industry has witnessed serious competition. Therefore, it becomes essential to examine how the mutual funds have performed, and whether the trust imposed in them by the Indian investor is not out of place.

In India, at present, there are many mutual funds operating both in public and private sector. These compete with each other for mobilizing of funds with individual investors and other organization by offering attractive returns, minimum risk, high safety and prompt liquidity.

Investors and organization would like to know the comparative performance of each so as to select the best mutual fund or investment company. For this, evaluation of the performance of mutual funds and their portfolios becomes necessary. In India the research is not that exhaustive as in other countries like US, UK, Australia, Singapore and Japan, but some researchers have shown their interest in examining various aspect of mutual funds performance. Major contributors to this research are:

-

Obadullah & Sridhar (1991) Sarkar (1991) Adhikari & Bhosle (1994) Kale & Uma (1995) Gupta & Sehgal (2000)

Evaluation of Managed Portfolios

-

Jayadev (1998) Ramesh Chander (1998) Rao & Venkateshwarlu (1998) Sethu (2001) Amitabh Gupta (2001)

Methodology followed in the study is as follows:

Nature of the study: the study under taken is descriptive in nature, which tends to use Survey data and the relation ship studied will not casual in nature.

Universe: All Equity Schemes (Growth). Sample Size: Twenty-seven (27) Mutual Funds. Sample Elements: ABN Amro Mutual Fund Birla Sunlife Mutual Fund. BoB Mutual Fund. Canbank Mutual Fund. Deutsche Mutual Fund. DSP Merrill Lynch Mutual Fund Escorts Mutual Fund Fidelity Mutual Fund Franklin Templeton Mutual Fund HDFC Mutual Fund HSBC Mutual Fund

Evaluation of Managed Portfolios



Bibliography: Evaluation of Managed Portfolios Adhikari, Umesh and Bhosle, Meenal;(1994), ―Risk-Return Analysis of Mutual fund Growth Schemes‖, Indian Management, August 1994 Allen, D.E., and Tan, M.L., (1998), ― A Test of the Persistence in the Performance of Mutual Funds‖ presented at Finance Conference, Tokyo, July 1998 Ali, A Ariff, Mohamed (1990), ―Unit Trusts and Their Performance‖, in Ariff, Mohamed, and Johnson, Lester W., (1990), Securities & Stock Pricing, Longman Singapore publishers Babin, CharlesE Ball Ray, ―Changes in Accounting Techniques and Stock Price‖, Empirical research in Accounting: Selected Studies, 1972, Supplement of Journal of Accounting Research, November, 1968. Ball, Ray and Watts, Ross, The Series Properties of Accounting Income Numbers‖, Journal of Finance, 1972. Barda S.K., and Raghunathan V., ―Inefficiency and Speculation in the Indian Capital Market,‖ Vikalpa, July-September 1987. Bauman, W. Scott, Investment Analysis: Science or Fiction?, Financial Analysts Journal, Jan-Feb. 1976, p. 63. Bhalla, V.K., Investment Management and Security Analysis, New Delhi, S. Chand & Co., 1983. Blume, Marshall E. and Jack P. Friedman, Encyclopedia of Investment, Boston Warren, Hraham and Lamont, 1982. Cowles, Alfred., ―A Revision of Previous Conclusions Regards Stock Price Behavious‖, Econometrica, Vol. 1, No.3, 1933, pp. 309-324. Cowles, Alfred, ―A Revision of Previous Conclusions Regarding stock Price Behavious,‖ Econometrica, Vol. 28, No. 4, 0pp. 909-15, Reprinted in Cootner (1964), pp. 132-138, 1960. Crowell, Richard A., Stock Market Strategy, McGraw-Hill. Inc. 1977. Diets, Peter, and Kirschman, Jeannette, ―Evaluating Portfolio Performance‖, In management Investment Portfolio ed. J. Maginn and D. Tuttle, Boston: Warren Gorham & Lamont 1983 Management‖, 4th ed. Homewood, 111: R>D. Irwin, 1982. Evans, J.L., and Archer, S.H., ―Diversification and the Reduction of Dispersion: An Empirical Analysis‖, Journal of Finance, Vol. 23, Dec. 1968.

You May Also Find These Documents Helpful

  • Powerful Essays

    Mutual Fund Industry India

    • 14984 Words
    • 60 Pages

    2011 – 4th July, 2011 A Report On Understanding Mutual Fund Industry & Comparative Analysis of Mutual Fund Schemes Submitted In the partial fulfillment of the requirements for the award of the degree of POST GRADUATE DIPLOMA IN MANAGEMENT (PGDM) 2010-12 [pic] Acknowledgement I am grateful to Mr. Rajat Chattopadhyay, Zonal Head Mumbai, SBI MF for giving me an opportunity to undertake project in SBI Mutual Fund, Mumbai. I take this opportunity to express my profound…

    • 14984 Words
    • 60 Pages
    Powerful Essays
  • Powerful Essays

    origin of mutual fund industry in India is with the introduction of the concept of mutual fund by UTI in the year 1963. Though the growth was slow, but it accelerated from the year 1987 when non-UTI players entered the industry. In the past decade, Indian mutual fund industry had seen a dramatic imporvements, both qualitywise as well as quantitywise. Before, the monopoly of the market had seen an ending phase, the Assets Under Management (AUM) was Rs. 67bn. The private sector entry to the fund family…

    • 1624 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Mutual Fund in India

    • 5780 Words
    • 24 Pages

    Research Methodology & Decision Analysis for Business (RMDAB) Assignment 2 Literature Review TOPIC: MUTUAL INVESTMENT FUNDS IN INDIA Student Name: Sangawar Pratik Shankar Batch: MFBD51217A FIN: G1190040U Table of Contents: 1. Background…………………………………………………………Pg.3 2. Literature Review on Mutual Investment Funds…………………....Pg.7 3. Conclusion…………………………………………………………Pg.21 4. References…………………………………………………………Pg…

    • 5780 Words
    • 24 Pages
    Better Essays
  • Powerful Essays

    Role of Mutual Fund in India

    • 9630 Words
    • 39 Pages

    A Project Report On Role of Mutual Fund in Indian Capital Market Growth Submitted to: KURUKSHETRA UNIVERSITY, KURUKSHETRA In Partial fulfillment for the degree of Master of Business Administration (Session: 2005-2007) Under the guidance of: Submitted by: Mr. Abhishek Harit Tarun Chuttani Faculty, MBA MBA FINAL MAIMT Roll no.154/05 MAHARAJA AGRASEN INSTITUTE OF MANAGEMENT & TECHNOLOGY JAGADHRI -135003 DECLARATION I, Tarun Chuttani, hereby…

    • 9630 Words
    • 39 Pages
    Powerful Essays
  • Good Essays

    SCOPE AND GROWTH OF MUTUAL FUNDS IN INDIA Erstwhile UTI was bifurcated into UTI Mutual Fund and the Specified Undertaking of the Unit Trust of India effective from February 2003. The Assets under management of the Specified Undertaking of the Unit Trust of India has therefore been excluded from the total assets of the industry as a whole from February 2003 onwards.Investement in Indian Matual Market The Indian mutual fund industry has significantly high ownership from the institutional investors…

    • 2533 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    CHAPTER 1 INTRODUCTION MEANING | A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realised are shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man…

    • 12655 Words
    • 51 Pages
    Powerful Essays
  • Powerful Essays

    A report on “A Study on Comparative Analysis of Mutual Funds in India” Submitted in partial fulfilment of the requirement For MBA degree course By Vinoth K (Reg. No.: 0920034) Under the Guidance of Faculty Guide Company Guide Dr. Jeevananda S. Mr Darwin Edwin Coordinator Senior Manager Dept. of MBA, Kotak Mahindra Bank Ltd. Christ University, Coimbatore Bangalore…

    • 22553 Words
    • 91 Pages
    Powerful Essays
  • Good Essays

    of the faculty guide For more project report visit techshristi.com 1.1 History of the Indian Mutual Fund Industry The origin of mutual fund industry in India is with the introduction of the concept of mutual fund by UTI in the year 1963. Though the growth was slow, but it accelerated from the year 1987 when non-UTI players entered the industry. In the past decade, Indian mutual fund industry had seen dramatic improvements, both quality wise as well as quantity wise. Before, the monopoly of…

    • 6473 Words
    • 26 Pages
    Good Essays
  • Powerful Essays

    indian mutual fund industry

    • 7372 Words
    • 30 Pages

    SUMMER TRAINING PROJECT REPORT ON MUTUAL FUND WITH REFERENCE TO SBI MUTUAL FUND Faculty Guide: submitted by: Industry guide: karanpal singh DR. MANINDER…

    • 7372 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    Indian Mutual Fund Industry

    • 13881 Words
    • 56 Pages

    Indian Mutual Fund Industry – The Future in a Dynamic Environment Outlook for 2015 JUNE 20 09 Table of Contents 1. Executive Summary 2. The Indian Mutual Fund Industry - Current State 3. Challenges and Issues 4. Voice of the Customer 5. Future Outlook in a Dynamic Environment 6. Action Plan for Achieving Transformational Growth 7. Summary 01 03 10 15 20 26 32 Preface The Indian mutual fund industry has witnessed significant growth in the past few years driven by several favourable…

    • 13881 Words
    • 56 Pages
    Powerful Essays