reliance mutual fund

Topics: Mutual fund, Investment, Financial services Pages: 14 (2906 words) Published: February 25, 2014

DECLARATION

THIS IS TO CERTIFY THAT SUMMER TRAINING REPORT ENTITLED “UNDERSTANDING OF RELIANCE MUTUAL FUND OPERATION ”WHICH IS SUBMITTED BY ME IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE PGDM, AT INDORE INDIRA BUSINESS SCHOOL, INDORE, COMPRISES ONLY MY ORIGINAL WORK AND DUE ACKNOWLEDGEMENT HAS BEEN MADE IN THE TEXT TO ALL OTHER MATERIAL USED. Date: 20/08/2013

NAGENDRA TOMAR

SIGNATURE

ACKNOWLEDGEMENT
I EXPRESS MY SINCERE GRATITUDE TOWARDS ALL THE MEMBERS OF RELIANCE MUTUAL FUND WHO HELPED IN MAKING THIS PROJECT SUCCESSFUL.

I WOULD LIKE TO EXPRESS MY THANKS TO OUR GUIDE MS.URVASHI SOJATIA FOR THEIR WHOLE HEARTED CO-OPERATION AND VALUABLE SUGGESTIONS, TECHNICAL GUIDANCE THROUGHOUT THE FIELD WORK.

FINALLY, I WOULD LIKE TO THANKS TO ALL MY FACULTY MEMBERS WHO HELPED ME DIRECTLY OR INDIRECTLY TO COMPLETE THIS WORK SUCCESSFULLY.

TABLE OF CONTENT

Executive Summary

THE PROJECT DEALS WITH UNDERSTANDING OF MUTUAL FUND AND ANALYSIS. DURING MY PROJECT, I GOT THE OPPORTUNITY TO UNDERSTAND THE CONCEPT, VARIOUS AMC (ASSET MANAGEMENT COMPANY) ISSUING VARIOUS MUTUAL FUND ACCORDING TO THE NEEDS OF THE INVESTORS. DURING MY PROJECT, I CAME TO KNOW IMPORTANT REGULATIONS OF SEBI FOR MUTUAL FUND OPERATIONS. PROJECT DEALS WITH AN ANALYSIS OF RELIANCE MUTUAL FUNDS VARIOUS SCHEMES IN WHICH I TRIED TO CAME OUT WITH A RESULT WHICH IS BEST, FOR THAT PURPOSE I CONDUCTED A MARKET RESEARCH. DURING THE PROJECT I SUGGESTED THE INVESTORS HOW TO INVEST AND IN WHICH FUND THEY SHOULD INVEST. DURING THE PROJECT, I MADE AN ENDEAVOUR TO UNDERSTAND THE AWARENESS OF MUTUAL FUNDS AMONG THE VARIOUS CLASSES OF INVESTORS. THE DATA COLLECTED MAINLY THROUGH FACT SHEETS OF FUNDS, BROACHERS, AND ALSO FROM VARIOUS SITES OF RELIANCE MUTUAL FUNDS ETC. THE DATA ANALYZED AND RECOMMENDATION IS GIVEN ON THE BASIS OF THE CONCLUSIONS.

DEPARTMENT BASED TRAINING
RELIANCE MUTUAL FUND
INTRODUCTION
HISTORY OF COMPANY ESTABLISHMENT
RELIANCE MUTUAL FUND (RMF) HAS BEEN ESTABLISHED AS A TRUST UNDER THE INDIAN TRUSTS ACT, 1882, WITH RELIANCE CAPITAL LIMITED (RCL) AS THE SETTLER/SPONSOR AND RELIANCE CAPITAL TRUSTEE LIMITED AS THE TRUSTEE. RMF WAS REGISTERED WITH THE SECURITIES & EXCHANGE BOARD OF INDIA (SEBI) (REG. CODE NO. MF/022/95/1) ON30TH JUNE 1995.IT HIT THE GROUND RUNNING; WITHIN WEEKS OF ITS LAUNCH THE FUND WAS ACHIEVING LAUDABLE RESULTS. TODAY, IT CONTINUES TO PERFORM AS ONE OF INDIA’S LEADING AND FASTEST GROWING PRIVATE SECTOR FINANCIAL SERVICES COMPANY. IN TERMS OF NET WORTH, RMF NOW RANKS AMONGST THE THREE LEADING PRIVATE SECTOR FINANCIAL SERVICES AND BANKING ORGANIZATIONS. THE HOLDING COMPANY, RCL, HAS BRANCHED OUT INTO ASSET MANAGEMENT, LIFE AND GENERAL INSURANCE, PRIVATE EQUITY AND PROPRIETARY INVESTMENTS, STOCK BROKING AND RELATED FINANCIAL SERVICES.

RELIANCE GROUP HOLDINGS HAS GROWN FROM A SMALL OFFICE DATA-PROCESSING EQUIPMENT FIRM IN 1961 INTO A MAJOR INSURANCE AND FINANCIAL-SERVICES GROUP IN ONE GENERATION UNDER ONE CHIEF. THIS GROUP DOMINATES THIS KEY AREA IN THE FINANCIAL. THIS GROUP DOMINATES THIS IN KEY AREA IN THE FINANCIAL SECTOR THIS MEGA BUSINESS HOUSE SHOWS THAT IT HAS ASSET UNDER MANAGEMENT OF RS 90,938CRORE (USS22.73 BILLION) AND AN INVESTOR BASE OF OVER 6.6MILLION (AMFIINDIA.COM) RELIANCE’S MUTUAL FUND SCHEMES ARE MANAGED BY RELIANCE CAPITAL ASSET MANAGEMENT LIMITED (RCAM), A SUBSIDIARY OF RELIANCE CAPITAL LIMITED, WHICH HOLDS 93.37% OF THE PAID UP CAPITAL OF RCAM. THE COMPANY NOTCHED UP A HEALTHY GROWTH OF RS16, 354CRORE (USS4.09 BILLION) IN ASSET UNDER MANAGEMENT IN FEBRUARY 2008 AND HELPED PROPEL THE TOTAL INDUSTRY WIDE AUM TO RS. 565,495 CRORE (USS141.36 BILLION) (INDIAINVESTMENT.COM). A SHARP RISE IN FIXED MATURITY PLANS (FMPS) AND COLLECTION OF RS7000 CRORE (USS 1.75 BILLION) THROUGH NEW FUND OFFERING CREATED THIS SURGE. IN AUM RANKINGS RELIANCE CONTINUES TO BE IN THE NUMBER ONE SPOT. INVESTING HAS...
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