Project Report on Mutual Funds Trends in India

8/18/2019 Project Report on Mutual Funds Trends in India

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PROJECT REPORTON

MUTUAL FUND

TRENDS

IN

INDIA


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A Project Report on

“MUTUAL FUND TRENDS IN INDIA”

M.Com (Bankn! " Fnance#

Seme$ter % I

(&')*+#

SUBMITTED

IN FULLFILLMENT ,F T-E REUIREMENTS

F,R

MASTERS ,F C,MMERCE (BAN/IN0 " FINANCE#

B1

C-IRA0 0,-IL

R,LL N,. )2'A'''2

3ID1ALAN/AR SC-,,L ,F INF,RMATI,N TEC-N,L,01

3ID1ALAN/AR MAR04 5ADALA (E#4 MUMBAI % )'' '26


3/41

NEED FOR THE STUDY

T7e man p8rpo$e o9 :on! t7$ project ;a$ to kno; a

$t8:> :epen:$ 8pon tren:$ n MF n In:a an: t7er $c7eme$ =ke

e@8t>4 ncome4 o9 t7e$e $c7eme$ a=$o $7o;$ t7e

tren:$ pertann! to MF n In:a. U=tmate=> t7$ ;o8=: 7e=p n8n:er$tan:n! t7e


4/41

INTRODUCTION OF MUTUAL FUND

T7ere are a =ot o9 ne$tment aen8e$ aa=a n t7enanca= market 9or an ne$tor ;t7 an ne$ta 9or a $ma== ne$tor.

T7e$e ne$tor$ 7ae 9o8n: a !oo: $7e=ter ;t7 t7e m8t8a= 98n:$.

CONCEPT OF MUTUAL FUND

A m8t8a= 98n: $ a common poo= o9 mone> nto ;7c7 ne$tor$

p=ace t7er contr


5/41

T7e> cater man=> to t7e nee:$ o9 t7e n::8a= ne$tor ;7o$e

mean$ are $ma== an: to mana!e ne$tor$ port9o=o n a manner

t7at pro:e$ a re!8=ar ncome4 !ro;t74 $a9et>4 =@8:t> an:

:er$caton opport8nte$.

DEFINITION

“MF are co==ecte $an!$ an: ne$tment e7c=e$ ;7ere $an!$

o9 $ma== (or $ometme$ ;t7 t7e mone> o9 an 8n=mte: n8mo8 an: t7e ot7er ne$tor$ eac7 o;n $7are$ o9 t7e

98n:. T7e 98n:$ a$$et$ are ne$te: accor:n! to an ne$tmento

n $tock$ o9 9a$t*!ro;n! $ma==er compane$ or market $e!ment$.

A!!re$$e !ro;t7 98n:$ are a=$o ca==e: capta= apprecaton

98n:$”.


6/41

!HY SELECT MUTUAL FUNDS"

T7e r$k ret8rn tra:e*o? n:cate$ t7at 9 ne$tor $ ;==n! to take

7!7er r$k t7en corre$pon:n!=> 7e can epect 7!7er ret8rn$ an:

$e er$a 9 7e pertan$ to =o;er r$k n$tr8ment$4 ;7c7 ;o8=:


7/41

HISTORY OF MF IN INDIA

T7e m8t8a= 98n: n:8$tr> n In:a $tarte: n J2 ;t7 t7e

9ormaton o9 Unt Tr8$t o9 In:a4 at t7e ntate o9 t7e 0oernment

o9 In:a an: Re$ere Bank. T7e 7$tor> o9 MF n In:a can an: a:mn$trate

contro= n p=ace o9 RBI. T7e r$t $c7eme =a8nc7e: UTI ;a$

Unt Sc7eme J). At t7e en: o9 UTI 7a:R$.J46'' crore$

o9 a$$et$ 8n:er mana!ement.

2. SECOND PHASE # 6*2 (ENTR1 ,F PUBLIC SECT,R

FUNDS#K 6 marke: t7e entr> o9 non* UTI4 p8


8/41

en: o9 24 t7e m8t8a= 98n: n:8$tr> 7a: a$$et$ 8n:er

mana!ement o9 R$.)64 '')crore$.

3. THIRD PHASE # 2*&''2 (ENTR1 ,F PRI3ATE SECT,R

FUNDS#K 5t7 t7e entr> o9 prate $ector 98n:$ n 24 a ne;

era $tarte: n t7e In:an m8t8a= 98n: n:8$tr>4 !n! t7e In:an

ne$tor$ a ;:er c7oce o9 98n: 9am=e$. A=$o4 2 ;a$ t7e

>ear n ;7c7 t7e r$t M8t8a= F8n: Re!8=aton$ came nto

7a$

;tne$$e: $eera= mer!er$ an: ac@8$ton$. A$ at t7e en: o9

an8ar> &''24 t7ere ;ere 22 MF;t7 tota= a$$et$ o9 R$.

4&4'+ crore$. T7e Unt Tr8$t o9 In:a ;t7 R$.))4+) crore$ o9

a$$et$ 8n:er mana!ement ;a$ ;a> a7ea: o9 ot7er m8t8a=98n:$.

4. FOURTH PHASE # SINCE FEBRUAR1 &''2K In Fe &''24

9o==o;n! t7e repea= o9 t7e Unt Tr8$t o9 In:a Act J2 UTI ;a$

&''24 repre$entn! 4 t7e a$$et$ o9 US J) $c7eme4a$$8re: ret8rn an: certan ot7er $c7eme$. T7e Spece:

Un:ertakn! o9 Unt Tr8$t o9 In:a4 98nctonn! 8n:er an

a:mn$trator an: 8n:er t7e r8=e$ 9rame: 0oernment o9

In:a an: :oe$ not come 8n:er t7e p8re; o9 t7e M8t8a= F8n:

Re!8=aton$. T7e $econ: $ t7e UTI M8t8a= F8n: Lt:4 $pon$ore:


9/41

SBI4 PNB4 B,B an: LIC. It $ re!$tere: ;t7 SEBI an:

98ncton$ 8n:er t7e M8t8a= F8n: Re!8=aton$. 5t7 t7e

7a$ entere: t$ c8rrent p7a$e o9 con$o=:aton an: !ro;t7. A$

at t7e en: o9 Septem


10/41

ADVANTA$ES OF MUTUAL FUNDS

I9 MF$ are emer!n! a$ t7e 9aorte ne$tment e7c=e4 t $

a:anta!e$ t7e> 7ae oer ot7er 9orm$ an:

t7e aen8e$ o9 ne$tn!4 partc8=ar=> 9or t7e ne$tor ;7o 7a$=mte: re$o8rce$ aa=a o8t :eta=e: re$earc7 an: market montorn!.

T%& '())(*+,- /& 0%& (/ ,0-& (&/& MF 0(

)) +,&0(/


11/41

1. P(/0'()+( D+&/+:0+(, Eac7 ne$tor n t7e 98n: $ a part

o;ner o9 a== t7e 98n:$ a$$et$4 t78$ ena4 a== t7e r$k o9 potenta= =o$$ $ 7$ o;n4 ;7et7er 7e

p=ace$ a :epo$t ;t7 a compan> or a


12/41

t7e market 9 t7e 98n: $ c=o$e*en:. L@8:t> o9 ne$tment $

c=ear=> a tran$9er t7er 7o=:n!

9rom one $c7eme to t7e ot7er !et 8p:ate: market n9ormaton

an: $o on.

7. T? B&,&0 An> ncome :$tr o9 $c7eme$ to $8t >o8rar>n! nee:$ oer a =9etme.

9.!&)) R&-;)0& A== MF are re!$tere: ;t7 SEBI an: t7e>

98ncton ;t7n t7e pro$on$ o9 $trct re!8=aton$ :e$!ne: to

protect t7e ntere$t$ o9 ne$tor$. T7e operaton$ o9 MF are

re!8=ar=> montore: SEBI.'. Tran$parenc>K 1o8 !et re!8=ar

n9ormaton on t7e a=8e o9 >o8r ne$tment n a::ton to

:$c=o$8re on t7e $pecc ne$tment$ ma:e >o8r $c7eme4

t7e proporton ne$te: n eac7 c=a$$ o9 a$$et$ an: t7e 98n:

mana!er$ ne$tment $trate!> an: o8t=ook.

DISADVANTA$ES OF MUTUAL FUNDS


13/41

1. N( C(,0/() (&/ C(0 T7e ne$tor ;7o ne$t$ n m8t8a=

98n:$ 7a$ an> contro= o9 t7e oera== co$t$ o9 ne$tn!. T7e

ne$tor pa>$ ne$tment mana!ement 9ee$ a$ =on! a$ 7e

reman$ ;t7 t7e 98n:4 a=a$ 98n: :$tr mean$ t7at t7ere $ a

co$t to o


14/41

5.N( C(,0/() Un=ke pckn! >o8r o;n n::8a= $tock$4 a

m8t8a= 98n: p8t$ >o8 n t7e pa$$en!er $eat o9 $ome e=$e$

car.

6. D+);0+(, MF !enera==> 7ae $8c7 $ma== 7o=:n!$ o9 $o man>

:?erent $tock$ t7at n$ane=> !reat per9ormance 98n:$ top7o=:n!$ $t== :oe$nt make m8c7 o9 a :?erence n MF tota=

per9ormance.

7. B;/+& C(0 Man> MF $peca=Ge n n! t7er co$t$ an: n

7rn! $a=e$men ;7o :ont make t7o$e co$t$ c=ear to t7er

c=ent$.


15/41

TYPES OF MF SCHEMES IN INDIA5:e aret> o9 M8t8a= F8n: Sc7eme$ e$t$ to cater to t7e nee:$

$8c7 a$ nanca= po$ton4 r$k to=erance an: ret8rn epectaton$

etc. t78$ MF 7a$ aret> o9 Oaor$4

$tock$4 an ne$tor$ can !o 9or pckn! a m8t8a= 98n: m!7t . T7ere are oer 78n:re:$ o9 MF $c7eme to c7oo$e 9rom.

It $ ea$er to t7nk o9 MF n cate!ore$4 mentone: an: $e==

8nt$ at Net A$$et 3a=8e (NA3# re=ate: prce$. T7e ke> 9eat8re

o9 open*en: $c7eme$ $ =@8:t>.

2. C)(& @ E,& S:%&& A c=o$e:*en: 98n: 7a$ a $tp8=ate:

mat8rt> pero: ;7c7 !enera==> ran!n! 9rom 2 to +>ear$. T7e

98n: $ open 9or $8 :8rn! a $pece: pero:.

Ine$tor$ can ne$t n t7e $c7eme at t7e tme o9 t7e nta=

p8 can or $e== t7e 8nt$ o9 t7e

$c7eme on t7e $tock ec7an!e$ ;7ere t7e> are =$te:. In or:er

to pro:e an et ro8te to t7e ne$tor$4 $ome c=o$e*en:e:

98n:$ !e an opton o9 $e==n!


16/41

$c7eme$. T7e 8nt$ ma> ;+0 F;, T7e$e 98n:$ ne$t a mam8m part o9 t7er

corp8$ nto e@8te$ 7o=:n!$. T7e $tr8ct8re o9 t7e 98n: ma>

ar> :?erent 9or :?erent $c7eme$ an: t7e 98n: mana!er$o8t=ook on :?erent $tock$.

T7e E@8t> F8n:$ are $8 ne$tment$ are meant 9or a =on!er tme

7orGon4 t78$ E@8t> 98n:$ rank 7!7 on t7e r$k*ret8rn

matr.

2. D&0 F;, T7e o


17/41

a$$ocate: ;t7 Intere$t Rate r$k. T7e$e $c7eme$ are $a9er

a$ t7e> ne$t n paper$ to 2 mont7$.

T7e$e $c7eme$ rank =o; on r$k*ret8rn matr an: are

con$:ere: to 4 are a m o9 an: :e ne$t n


18/41

!ro;t7 an: t7e :e


19/41

4.M(,& M/=&0 S:%&& Mone> Market Sc7eme$ am to

pro:e ea$> =@8:t>4 pre$eraton o9 capta= an: mo:erate

ncome. T7e$e $c7eme$ !enera==> ne$t n $a9er4 $7ort*term

n$tr8ment$4 $8c7 a$ trea$8r> or et. T7at $4 eac7 tme >o8 or $e== 8nt$ n t7e

98n:4 a comm$$on ;== apca==> entr> an: et

=oa:$ ran!e 9rom to &. It co8=: n! t7e =oa:4

9 t7e 98n: 7a$ a !oo: per9ormance 7$tor>.

6. N(@L( F;, A No*Loa: F8n: $ one t7at :oe$ not c7ar!e a

comm$$on 9or entr> or et. T7at $4 no comm$$on $ pa>a


20/41


21/41

C):;)0+(, (' NAV Let 8$ $ee an eamp=e. I9 t7e a=8e o9 a

98n:$ a$$et$ $tan:$ at R$. '' an: t 7a$ 'ne$tor$ ;7o 7ae


22/41

• P;/:%& F&& It $ a t>pe o9 9ee t7at $ome 98n:$ c7ar!e

t7er $7are7o=:er$ ;7en t7e> $7are$. Un=ke a 9ront*

en: $a=e$ =oa:4 a p8rc7a$e 9ee $ pa: to t7e 98n: (not to a

pca==> mpo$e: to :e9ra> $ome o9 t7e

98n:$ co$t$ a$$ocate: ;t7 t7e p8rc7a$e.

• R&&0+(, F&& It $ anot7er t>pe o9 9ee t7at $ome

98n:$ c7ar!e t7er $7are7o=:er$ ;7en t7e> $e== or re:eem

$7are$. Un=ke a :e9erre: $a=e$ =oa:4 a re:empton 9ee $

pa: to t7e 98n: (not to a pca==> 8$e: to

:e9ra> 98n: co$t$ a$$ocate: ;t7 $7are7o=:er$

re:empton.

• E?:%,-& F&& Ec7an!e 9ee t7at $ome 98n:$ mpo$e on

$7are7o=:er$ 9 t7e> ec7an!e (tran$9er# to anot7er 98n:

;t7n t7e $ame 98n: !ro8p or 9am=> o9 98n:$.

2. PERIODIC FEES

• M,-&&,0 F&& Mana!ement 9ee$ are 9ee$ t7at are pa:

o8t o9 98n: a$$et$ to t7e 98n:$ ne$tment a:$er 9or

ne$tment port9o=o mana!ement4 an> ot7er mana!ement

9ee$ pa>aa. T7e>

are a=$o ca==e: mantenance 9ee$.

• A::(;,0 F&& Acco8nt 9ee$ are 9ee$ t7at $ome 98n:$

$eparate=> mpo$e on ne$tor$ n connecton ;t7 t7emantenance o9 t7er acco8nt$. For eamp=e4 $ome 98n:$

mpo$e an acco8nt mantenance 9ee on acco8nt$ ;7o$e

a=8e $ =e$$ t7an a certan :o==ar amo8nt.


23/41

3. OTHER OPERATIN$ EPENSES

• T/,:0+(, C(0 T7e$e co$t$ are nc8rre: n t7e

tra:n! o9 t7e 98n:$ a$$et$. F8n:$ ;t7 a 7!7 t8rnoer

rato or ne$tn! n ==@8: or eotc market$ 8$8a==> 9ace7!7er tran$acton co$t$. Un=ke t7e Tota= Epen$e Rato

t7e$e co$t$ are 8$8a==> not reporte:.

• L( Denton o9 a =oa: 98n:$ e7pe o9 Comm$$on (rem8neraton#.

Depen:n! on t7e t>pe o9 =oa: a m8t8a= 98n: e7 !oe$ to t7e o8r ne$tment. For eamp=e4 =et$ $a> >o8 7ae

R$.'4''' an: ;ant to ne$t t n a m8t8a= 98n: ;t7 a

+ 9ront*en: =oa:. T7e R$.+'' $a=e$ =oa: >o8 m8$t pa>

come$ o? t7e top4 an: t7e remann! R$.+'' ;== !oe$ to t7e pe o9 =oa: ;==:epen: on 7o; =on! t7e ne$tor 7o=:$ 7$ or 7er $7are$

an: t>pca==> :ecrea$e$ to Gero 9 t7e ne$tor 7o=:$ 7$ or

7er $7are$ =on! eno8!7.


24/41

• L&&) )( < L(* )( It$ $m=ar to a c7ar!e 9ee$ t7at are not

$a=e$ =oa:$4 $8c7 a$ p8rc7a$e 9ee$4 re:empton 9ee$4ec7an!e 9ee$4 an: acco8nt 9ee$.

SELECTION PARAMETERS FOR MUTUAL FUND

1. Y(;/ O&:0+& T7e r$t pont to note o8r o4 a$ an> conOct ;o8=: :rect=> a?ect


25/41

>o8r pro$pecte ret8rn$. Sm=ar=>4 >o8 $7o8=: pck $c7eme$

t7at meet >o8r $pecc nee:$. Eamp=e$K pen$on p=an$4

c7=:ren$ p=an$4 $ector*$pecc $c7eme$4 etc. >o8r r$k capact>

an: capaK T7$ :ctate$ t7e c7oce o9 $c7eme$. T7o$e ;t7

no r$k to=erance $7o8=: !o 9or :e arere=ate=> $a9er. A!!re$$e ne$tor$ can !o 9or e@8t>

ne$tment$. Ine$tor$ t7at are een more a!!re$$e can tr>

$c7eme$ t7at ne$t n $pecc n:8$tr> or $ector$.

2. F;, M,-&/ , :%&& 0/:= /&:(/ Snce >o8 are

!n! >o8r 7ar: earne: mone> to $omeone to mana!e t4 t $

mperate t7at 7e mana!e$ t ;e==. It $ a=$o e$$enta= t7at t7e

98n: 7o8$e >o8 c7oo$e 7a$ ece==ent track recor:. It a=$o$7o8=: n

operaton$. Look at t7e per9ormance o9 t7e $c7eme a!an$t

re=eant market o8 7o; t7e

$c7eme 9are: n :?erent market con:ton$.

3. C(0 ':0(/ T7o8!7 t7e AMC 9ee $ re!8=ate:4 >o8 $7o8=: =ook

at t7e epen$e rato o9 t7e 98n: o8r ne$tment$. A7!7er entr> =oa: or et =oa: a=$o ;== eat nto >o8r ret8rn$. A

7!7er epen$e rato can $8per=ate

ret8rn$. It $ er> cr8ca= n a :eo8r mo:e$t ret8rn$. A=$o4 Mornn!$tar rate$

m8t8a= 98n:$. Eac7 >ear en:4 man> nanca= p8ear$ 4 er> ea!er

ne$tor$ ;== r8$7 o8t to p8rc7a$e $7are$ o9 =a$t >ear$ top

per9ormer$. T7at$ a ear. M8t8a= 98n: ne$tor$ ;o8=:

on =a$t

>ear$ top per9ormer$.


26/41

4. T& (' R&0;/, (, M;0;) F;, 5a>$ ;7c7 t7e tota=

ret8rn$ pro:e: MF can e: ne$tor$K

• Income $ earne: 9rom ::en:$ on $tock$ an: ntere$t on

$ o8t near=> a== ncome t recee$ oer

t7e >ear to 98n: o;ner$ n t7e 9orm o9 a :$tro8 a c7oce et7er to recee a c7eck 9or :$tr


27/41

1. T%& R+=@R&0;/, T/&@O T7e mo$t mportant re=aton$7p

to 8n:er$tan: $ t7e r$k*ret8rn tra:e*o?. -!7er t7e r$k

!reater t7e ret8rn$ Q =o$$ an: =o;er t7e r$k =e$$er t7e

ret8rn$Q=o$$. -ence t $ 8p to >o84 t7e ne$tor to :ec:e 7o;

m8c7 r$k >o8 are ;==n! to take. In or:er to :o t7$ >o8 m8$tr$t pe$ o9 r$k$ no=e: ;t7 >o8r

ne$tment :ec$on.

2. M/=&0 R+= Sometme$ prce$ an: >e=:$ o9 a== $ec8rte$ r$e

an: 9a==. Broa: o8t$:e nO8ence$ a?ectn! t7e market n

!enera= =ea:$ to t7$. T7$ $ tr8e4 ma> t ment o9 prncpa=# o9 a compan> t7ro8!7 t$

ca$7 Oo;$ :etermne$ t7e Cre:t R$k 9ace: >o8. T7e cre:t

r$k $ mea$8re: n:epen:ent ratn! a!ence$ =ke CRISIL

;7o rate compane$ an: t7er paper. AnAAA ratn! $

con$:ere: t7e $a9e$t ;7erea$ a D ratn! $ con$:ere: poor

cre:t @8a=t>. A ;e==*:er$e: port9o=o m!7t 7e=p mt!atet7$ r$k.

4. I,G0+(, R+= T7n!$ >o8 7ear peop=e ta=k a $ ;ort7 more t7an R$. '' tomorro;.Remem


28/41

5. I,0&/&0 R0& R+= In a 9ree market econom> ntere$t rate$

are :Hc8=t 9 not mpo$$ can create a 9aora;++0 R+= L@8:t> r$k ar$e$ ;7en t R$k can

mt!ate: :er$caton4 $ta!!ern! o9 mat8rte$

a$ ;e== a$ nterna= r$k contro=$ t7at =ean to;ar:$ p8rc7a$e o9

=@8: $ec8rte$.


29/41

!ORIN$ OF MF T7e m8t8a= 98n:$ co==ect mone> :rect=> or t7ro8!7 $ ne$te: n aro8$ n$tr8ment$

:epen:n! on t7e o

entr> or et =oa:.

STRUCTURE OF A MUTUAL FUND

In:a 7a$ a =e!a= 9rame;ork ;t7n ;7c7 M8t8a= F8n: 7ae to $tr8ct8re .e. a$ 8nt Tr8$t$. A M8t8a= F8n: n

In:a $ a==o;e: to $$8e open*en: an: c=o$e*en: $c7eme$ 8n:er a

common =e!a= $tr8ct8re. T7e $tr8ct8re t7at $ re@8re: to M8t8a= F8n: n In:a $ =a: :o;n 8n:er SEBI

(M8t8a= F8n:# Re!8=aton$4 J.T7e F8n: Spon$orK Spon$or $:ene: 8n:er SEBI re!8=aton$ a$ an> per$on ;7o4 actn! a=one or

n com


30/41

appont$ t7e A$$et Mana!ement Compan> a$ 98n: mana!er$. T7e

$pon$or et7er :rect=> or actn! t7ro8!7 t7e tr8$tee$ ;== a=$o

appont a c8$to:an to 7o=: 98n:$ a$$et$. A== t7e$e are ma:e n

accor:ance ;t7 t7e re!8=aton an: !8:e=ne$ o9 SEBI.

A$ per t7e SEBI re!8=aton$4 9or t7e per$on to @8a=9> a$ a $pon$or4

7e m8$t contr


31/41

o9 t7e o9 t7e 8nt*7o=:er$ ntere$t$. T7e Tr8$tee$ :o not :rect=>

mana!e t7e port9o=o o9 $ec8rte$. For t7$ $peca=$t 98ncton4

t7e> appont an A$$et Mana!ement Compan>. T7e> en$8re t7at

t7e F8n: $ mana!e: 7t AMC a$ per t7e :ene: o (AMC# $ to act a$ t7e

ne$tment mana!er o9 t7e Tr8$t 8n:er t7e


32/41

o9 Tr8$tee$ 9or $a9ekeepn! o9 $ec8rte$ or partcpatn! n an>

c=earance $>$tem t7ro8!7 approe: :epo$tor> compane$ on

partcpant4 at

t7e n$tr8cton$ o9 t7e AMC4 a=t7o8!7 8n:er t7e oera== :recton

an: re$pon$ on a

contn8o8$ ;t7 re$pect to n! an: $e==n!

8nt$4 pa>n! 9or ne$tment ma:e4 recen! t7e procee:$ 9rom

$a=e o9 t7e ne$tment$ an: :$c7ar!n! t$ o o9 $erce t7at t7e 98n: !e$ n tme=>

:e=er> o9 remttance$ etc.

T/,'&/ A-&,0 Tran$9er a!ent$ are re$pon$ c7oo$e to carr> o8t t$ actt> n*

7o8$e an: c7ar!e t7e $c7eme 9or t7e $erce at a compette

market rate. 57ere an o8t$:e Tran$9er a!ent $ 8$e:4 t7e 98n:

ne$tor ;== n: t7e a!ent to


33/41

RE$ULATORY STRUCTURE OF MF IN INDIA

T7e $tr8ct8re o9 MF n In:a $ !8:e: t7e SEBI. Re!8=aton$4

J.T7e$ere!8=aton$ make t man:ator> 9or m8t8a= 98n: to

7ae t7ree $tr8ct8re$ o9 $pon$or tr8$tee an: a$$et Mana!ementCompan>. T7e $pon$or o9 t7e m8t8a= 98n: an: appont$ t7e

tr8$tee$. T7e tr8$tee$ are re$pon$


34/41


35/41

ASSOCIATION OF MFIN INDIA AMFI

5t7 t7e ncrea$e n m8t8a= 98n: p=a>er$ n In:a4 a nee: 9or

m8t8a= 98n: a$$ocaton n In:a ;a$ !enerate: to 98ncton a$ a

non*prot or!anGaton. A$$ocaton o9 MF n In:a (AMFI# ;a$

ncorporate: on &&n: A8!8$t4 +. AMFI $ an ape o9 a==

A$$et Mana!ement Compane$ (AMC# ;7c7 7a$


36/41

o9 In:a ;ork$ ;t7 2' re!$tere: AMC$ o9 t7e co8ntr>. It 7a$

certan :ene: o.

• It a=$o recommen:$ an: promote$ t7e top c=a$$ .• A$$ocaton o9 M8t8a= F8n: o9 In:a repre$ent$ t7e

0oernment o9 In:a4 t7e Re$ere Bank o9 In:a an: ot7er

re=ate: .• It :ee=op$ a team o9 ;e== @8a=e: an: trane: A!ent

:$tr.• AMFI 8n:ertake$ a== In:a a;arene$$ pro!ramme 9or

ne$tor$ n or:er to promote proper 8n:er$tan:n! o9 t7e

concept an: ;orkn! o9 m8t8a= 98n:$.

• At =a$t an:

8n:ertake$ $t8:e$ an: re$earc7 et7er :rect=> or n

a$$ocaton ;t7 ot7er


37/41

!reat $8pport 9or t7e ne$tor$ to !et ntmaton o9 t7e

kno;7o; o9 t7er parke: mone>.

UNIT TRUST OF INDIA MUTUAL FUND

Unt Tr8$t o9 In:a ;a$ create: t7e UTI Act pa$$e: t7e

Par=ament n J2. For more t7an t;o :eca:e$ t remane: t7e$o=e e7c=e 9or ne$tment n t7e capta= market t7e In:an

ctGen$. In m:* '$ p8n! :o;n t7e MF Re!8=aton$ n 2.UTI mantane: t$ pre*


38/41

emnent p=ace t== &''4 ;7en a ma$$e :ec=ne n t7e market

n:ce$ an: ne!ate ne$tor $entment$ a9ter /etan Parek7 $cam

create: :o8 an:

en: o9 &''+4 ;7en t7e ne; $7are*7o=:er$ act8a==> pa: t7e

con$:eraton mone> to 0oernment t$ market $7are 7a: come:o;n to c=o$e to '. A ne; $tematc $t8:> o9 t$ proer n t7e

n:8$tr>. Some o9 t7e 98n:$ 7ae ;on 9amo8$ a;ar:$4 nc=8:n!

t7e Be$t In9ra F8n: !=o 9rom Lpper. UTI 7a$


39/41

Baro:a W P8nja< Natona= Bank W L9e In$8rance Corporaton o9

In:a Tr8$teeK UTI Tr8$tee Co. Lmte:. Re=a UTIMF 7a$

con$$tent=> re$et an: 8p!ra:e: tran$parenc> $tan:ar:$. A== t7e

4 98==> comp=ant ;t7

SEBI re!8=aton$.

SCHEMES

EUITY FUND

A.UTI E,&/- F;, O&, E,& F;, Ine$tment ;== re=ate: n$tr8ment$ o9 t7e compane$

prncpa==> en!a!e: n pro:n! tran$portaton $erce$4

compane$ prncpa==> en!a!e: n t7e :e$!n4 man89act8re4

:$tr


40/41

apprecaton t7ro8!7 ne$tment$ n t7e $tock$ o9 t7e

compane$Qn$tt8ton$ en!a!e: n t7e an:

e@8t> re=ate: n$tr8ment$. It am$ at ena n t7e e@8te$ o9


41/41

t7e So9t;are Sector compane$. ,ne o9 t7e !ro;t7 $ector$

98n:$ amn! to ne$t n e@8t> $7are$ o9 compane$ $ector to pro:e ret8rn$ to ne$tor$

t7ro8!7 capta= !ro;t7 a$ ;e== a$ t7ro8!7 re!8=ar ncome

:$tr;+0 P), U,+0 S:%&& C)(& E,& F;,

T7e $c7eme prmar=> am$ at $ec8rn! 9or t7e ne$tor$ capta=

apprecaton ne$tn! t7e 98n:$ o9 t7e $c7eme n e@8t>

$7are$ o9 compane$ ;t7 !oo: !ro;t7 pro$pect$.

Documents

Project Report on Mutual Funds Trends in India