Performance Analysis of Mutual Fund

Topics: Mutual fund, Investment, Collective investment scheme Pages: 29 (9595 words) Published: August 23, 2013

Title of the Project

“Performance evaluation of Mutual Funds: analysis of return on Investment”

Name of the Students

Moses Lopes

Pritam Pednekar

Sanket Prabhudesai

Kaushik Sankhalkar

Course

Bachelor of commerce

Academic Year

2011-12

Name of the Guide

Dr. DEEPALI KARMALI

Name of the college

S.S.DEMPO COLLEGE OF COMMERCE AND ECONOMICS

DECLARATION

We declare that this project entitled “Performance Evaluation of Mutual Funds: Analysis of Return on Investment” has been prepared by us and it has not previously formed the basis for any degree or by any other degree or other similar titles in Goa university or elsewhere.

CLASS TY BCOMDATE
NAMEROLL NO.SIGNATURE
MOSES LOPES1123
PRITAM PEDNEKAR1129
SANKET PRABHUDESAI1131
KAUSHIK SANKHALKAR1132

ACKNOWLEDGEMENT

It gives us immense pleasure to present you this project, which is entitled “Performance Evaluation of Mutual Funds: Analysis of Return on Investment” We take opportunity to extend our deep gratitude to our project guide, Dr. Deepali Karmali, who guided us at every step. The alliance that has lasted for a little less than a year has enriched us in more ways than one. It has been with her valuable guidance and constant support that the project has been completed.

We are also thankful to our Auditing faculty Mr. Harip Khanapuri for being a constant source of encouragement to us.

We are also grateful to the Central Library Panjim, for making available the data we needed at ease. We express our gratitude to our college librarian Mrs……… and the library staff of our college for the entire help that they have provided to us.

Finally we extend our gratitude to all our family members who have shown great pleasure and belief in our abilities to compile and produce this project report.

Certificate
Certified That The Project Report Is A Record Of Work Done By The Candidates Themselves Under My Guidance During The Period Of Study And That To The Best Of My Knowledge It Has Not Previously Formed The Basis Of The Award Of Any Degree Or Diploma By This Or Any Other University.

CHAPTER I
INTRODUCTION

INTRODUCTION

CONCEPT AND DEFINITION OF MUTUAL FUND
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 realized is 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 as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost. The flow chart below describes broadly the working of a mutual fund:

A closed end fund has a fixed number of units outstanding. It is open for a specific period. During that period investors can buy it. The initial offer period is terminated at the end of the pre-determined period. The closed end schemes are listed in the stock exchanges. The investor can trade the units in the stock markets just like other securities. The prices may be either quoted at a premium or discount. In the open – end schemes, units are sold and bought continuously. The investors can directly approach the fund managers to buy or sell the units. The price of the unit is based on the net asset value of the particular scheme. The net asset value of the fund is the value of the underlying securities of the schemes. The net asset value is calculated on a daily or weekly basis. The gain or loss made by the mutual fund is passed on to the investor’s after deducting the administrative expenses and investment management fees. The gains are distributed to the unit holder in the form of dividend or reinvested by...
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