Risk Return Analysis and Comparative Study of Mutual Funds

Topics: Investment, Mutual fund, Collective investment scheme Pages: 8 (2328 words) Published: June 22, 2013
First Progress Report

TITLE:-
Risk returns analysis and comparative study of mutual fund.
COMPANY OVERVIEW:-
HDFC Asset Management Company Limited (AMC)

HDFC Asset Management Company Ltd (AMC) was incorporated under the Companies Act, 1956, on December 10, 1999, and was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI vide its letter dated July 3, 2000.

The registered office of the AMC is situated at Ramon House, 3rd Floor, H.T. Parekh Marg, 169, Back bay Reclamation, Church gate, Mumbai - 400 020.

In terms of the Investment Management Agreement, the Trustee has appointed the HDFC Asset Management Company Limited to manage the Mutual Fund. The paid up capital of the AMC is Rs. 25.241 crore as on March 31, 2013.

The equity shareholding pattern of the AMC as on March 31, 2013 is as follows : Particulars| % of the paid up equity capital|
Housing Development Finance Corporation Limited| 59.81|
Standard Life Investments Limited| 39.87|
Other Shareholders (shares issued on exercise of Stock Options)| 0.32| | |

Zurich Insurance Company (ZIC), the Sponsor of Zurich India Mutual Fund, following a review of its overall strategy, had decided to divest its Asset Management business in India. The AMC had entered into an agreement with ZIC to acquire the said business, subject to necessary regulatory approvals.

On obtaining the regulatory approvals, the following Schemes of Zurich India Mutual Fund have migrated to HDFC Mutual Fund on June 19, 2003. These Schemes have been renamed as follows: Former Name| New Name|

Zurich India Equity Fund| HDFC Equity Fund|
Zurich India Prudence Fund| HDFC Prudence Fund|
Zurich India Capital Builder Fund| HDFC Capital Builder Fund| Zurich India TaxSaver Fund| HDFC TaxSaver|
Zurich India Top 200 Fund| HDFC Top 200 Fund|
Zurich India High Interest Fund| HDFC High Interest Fund| Zurich India Liquidity Fund| HDFC Cash Management Fund|
Zurich India Sovereign Gilt Fund| HDFC Sovereign Gilt Fund*| *HDFC Sovereign Gilt Fund has been wound up in March 2006

The AMC is also providing portfolio management / advisory services and such activities are not in conflict with the activities of the Mutual Fund. The AMC has renewed its registration from SEBI vide Registration No. - PM / INP000000506 dated December 21, 2009 to act as a Portfolio Manager under the SEBI (Portfolio Managers) Regulations, 1993. The Certificate of Registration is valid from January 1, 2013 to December 31, 2015. REVIEW OF LITERATURE/ THEORETICAL BACKGROUND

Systematic Investment Plan (SIP) :-| |

HDFC MF SIP is similar to a Recurring Deposit. Every month on a specified date an amount you choose is invested in a mutual fund scheme of your choice. The dates currently available for SIPs are the 1st, 5th, 10th, 15th, 20th and the 25th of a month. You’ll be amazed to learn about the many benefits of investing through HDFC MF SIP.

Benefits of systematic investment plan:-
* Become A Disciplined Investor
Being disciplined - It’s the key to investing success. With the HDFC MF Systematic Investment Plan you commit an amount of your choice (minimum of Rs. 500 and in multiples of Rs. 100 thereof*) to be invested every month in one of our schemes.

Think of each SIP payment as laying a brick. One by one, you’ll see them transform into a building. You’ll see your investments accrue month after month. It’s as simple as giving at least 6 post dated monthly cheques to us for a fixed amount in a scheme of your choice. It’s the perfect solution for irregular investors. *Minimum amounts may differ for each Scheme. Please refer to SIP Enrolment Form for details. * Reach Your Financial Goal Imagine you want to buy a car a year from now, but you don’t know where the down-payment will come from. HDFC MF SIP is a perfect tool for people who have a specific, future financial requirement. By investing an amount of your choice every month,...
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