Role of Mutual Fund in India

Topics: Mutual fund, Stock market, Investment Pages: 34 (9630 words) Published: March 9, 2011
Project Report

Role of Mutual Fund in Indian
Capital Market Growth

Submitted to:

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
MAIMTRoll no.154/05

JAGADHRI -135003

I, Tarun Chuttani, hereby declare that the dissertation “Role Of Mutual Fund In Indian Capital Market Growth” assigned to me for the requirement of partial fulfillment of master of Business Administration degree from Kurukshetra University , Kurukshetra, is authentic to the best of my knowledge. The study has not been submitted to any other institution or university for the award any other degree.

Tarun Chuttani

Preservation, inspiration and motivation have always played a key role in the success of any venture. In the present world of cutthroat competition project is likely a bridge between theoretical and practical working, willingly I have prepared this particular project. First of all, I would like to thank the supreme power, the almighty god who is obviously the one who has always directed me to work on the right path of my life. With this grace this project could become a reality. I feel highly delighted with the way my dissertation report on topic “Role Of Mutual Fund In Indian Capital Market Growth” has been completed. I would like to thanks Mr. Abhishek Harit,(faculty) MBA , MAIMT to provide me the fruitful guidance to complete the project. I would like to thanks Dr. Raj Kumar, Director ,MAIMT,who was always there to give my spirits a boost. Finally, I would like to thanks all the faculty members and others people who directly or indirectly help me completing the project.

(Tarun Chuttani) CONTENTS
❖ Acknowledgement
❖ Introduction
❖ Significance of Study
❖ Objective of Study
❖ Research Methodology
• Review of Literature
• Conceptualization
• Operational definition
• Research design
• Data collection
• Sample design

❖ Analysis and Interpretation
❖ Findings
❖ Recommendation
❖ Conclusion
❖ Limitations
❖ Bibliography
❖ Appendix

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: [pic]

(Mutual Fund Operation Flow Chart)


The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and Reserve Bank The history of mutual funds in India can be broadly divided into four distinct phases

First Phase – 1964-87

Unit Trust of India (UTI) was established on 1963 by an Act of Parliament. It was set up by the Reserve Bank of India and functioned under the Regulatory and administrative control of the Reserve Bank of India.The first scheme launched by UTI was Unit Scheme 1964. At the end of 1988 UTI had Rs.6,700 crores of assets under...
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