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SYNOPSIS

“A STUDY ON A COMPARATIVE ANALYSIS OF BALANCED FUND


SCHEME OF MUTUAL FUND”

Submitted in partial fulfillment for the MBA degree course of Bangalore University

SUBMITTED BY
HARSHAVARDHAN.M
Register Number: 09NZCMA014

UNDER THE GUIDANCE OF


MS. RASHMI
Asst. professor

VVN Institute of Management Technology and Research


BANGALORE – 560102
2010 – 2011.
TITLE OF THE STUDY:
“A Comparative analysis of balanced fund scheme of mutual fund.”

INTRODUCTION TO THE STUDY:

These days you are hearing more and more about mutual funds as a means of investment.
If you are like most people, you probably have most of your money in a bank savings account
and your biggest investment may be your home. Apart from that, investing is probably
something you simply do not have the time or knowledge to get involved in. You are not the
only one. This is why investing through mutual funds has become such a popular way of
investing.

Different investment avenues are available to investors. Mutual funds also offer good
investment opportunities to the investors. Like all investments, they also carry certain risks. The
investors should compare the risks and expected yields after adjustment of tax on various
instruments while taking investment decisions. The investors may seek advice from experts and
consultants including agents and distributors of mutual funds schemes while making investment
decisions. With an objective to make the investors aware of functioning of mutual funds, an
attempt has been made to provide information in question-answer format which may help the
investors in taking investment decisions.

Mutual fund is a pool of money collected from investors and is invested according to certain
investment options. A mutual fund is a trust that pools the saving of a no. of investors who share
a common financial goal. A mutual fund is created when investors put their money together. It is,
therefore, a pool of investor’s fund. 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 appreciations realized are shared by its unit holders in proportion to
the no. of units owned by them.

The most important characteristics of a fund are that the contributors and the beneficiaries of the
fund are the same class of people namely the investors. The term mutual fund means the
investors contribute to the pool and also benefit from the pool. The pool of funds held mutually
by investors is the mutual fund.

A mutual fund business is to invest the funds thus collected according to the wishes of the
investors who created the pool. Usually the investors appoint professional investment managers
create a product and offer it for investment to the investors. This project represents a share in the
pool and pre status investment objectives.
STATEMENT OF THE PROBLEM:
Nowadays there are many companies coming up with their mutual funds. So a variety of
mutual funds are coming in the market. One of the benefits for the investors is that they are
having many options for their investments. But on the contrary that is also a drawback as too
many funds are coming up on daily basis so the investors get confused in choosing the right fund
for their investments. So seeing to this I has chosen the balanced fund scheme for the research.

OBJECTIVES OF STUDY :

(1) To identify the future growth & past performance of the funds.

(2) To compare the features of the fund of all the companies who indulge in mutual
funds.

(3) To identify the trends of net asset value of selected companies

(4) Objective is to provide information to investors what are the best investment for their hard
money most profitably with less risky.

(5) To understand the difference between mutual fund of different companies.

SCOPE OF THE STUDY:

In my project the scope is limited to some prominent mutual funds in the mutual fund industry. I
analyzed the funds depending on their schemes like equity, income, balance. But there is so
many other schemes in mutual fund industry like specialized (banking, infrastructure, pharmacy)
funds, index funds etc.

My study is mainly concentrated on equity schemes and fixed income based securities (balanced
fund schemes).

RESEARCH DESIGN:

Research methodology is the study of research methods and rules for doing research work. A
research is the systematic design, collection, analysis and reporting of data and findings relevant
to a specific situation faced by the company. The data may be primary or secondary or even
both. A systematic conduct of Research requires qualities viz,
(1) Orderliness in which the measurements are accurate and cross- section is fair,

(2) Impartiality in analysis and interpretation

Sampling method:

Primary data:
Data observed or collected directly from first-hand experience is called primary data.
 Through STRUCTURED questionnaire.

Secondary data::

Information that has been gathered by researchers and recorded in books, articles, and other
publications is called secondary data.

The tools for collecting the data are as follows:


 Internet source like NSE website, Money Control website
 Magazines
 Internet
 Reference books
 Other sources

LIMITATIONS OF THE STUDY

(1) The time period for the project is limited to only six weeks and information provided is
limited to the extent of internet and the people working at the Aditya birla money Ltd .

(2) The study is limited to selection of few mutual fund schemes only.

(3) The data analysis has taken at the mid and end of every month because of limited time.
CHAPTER SCHEME:

CHAPTER 1 - INTRODUCTION:
This chapter includes an introduction to the broad area of the topic chosen, specific area of the
topic chosen, introduction to the topic itself and an overview of industry in general.

CHAPTER 2 - RESEARCH DESIGN:


This chapter provides a plan of the study, which includes statement of the problem, objectives,
operational definition of concepts, scope, methodology, sample design, sources of data, tool and
techniques for data collection and limitations.

CHAPTER 3 - PROFILE OF THE INDUSTRY:


This chapter contains a complete profile including history, nature of business, products and
services of the company.

CHAPTER 4 - DATA ANALYSIS AND INTERPRETATION:


This chapter provides an analysis of the data with required interpretation. The information
obtained needs to be reduced to tables, graphs and charts wherever necessary. Inferences are to
be drawn following the interpretation of the table.

CHAPTER 5- SUMMARY OF FINDINGS, CONCLUSIONS AND


RECOMMENDATIONS:
This chapter starts with an overview of the dissertation, summarizes the findings under each
objective, provides conclusions and after recommendations based on the findings. It is to be
noted that the recommendations are practical, acceptable and comprehensive.

CHAPTER 6 - BIBILIOGRAPHY:
This chapter contains list of the books, articles, websites that are referred and useful for research
on the topic of our specific dissertation. The bibliography should be provided in order of the
following sequence. Authors, title of the book, edition, publishers, place of publication and year
of publication.

CHAPTER 7 - ANNEXURE:
The following annexure are to be provided as a part of the report at the end after Bibliography.
LITERATURE REVIEW :

1) Name : “A measure for the evaluation of portfolio performance on mutual fund ”

Author : Sharpe, William F.

Year of publication : 1966

2) Name : “risk-adjusted measure of portfolio performance on mutual fund”

Author : Michael C. Jensen

Year of publication : 1967

3) Name : “evaluated index fund implementation in India

Author : Kshama Fernandes

Year of publication : 2003

4) Name : “construction of mutual fund portfolios”

Author : K. Pendaraki

Year of publication : 2004

5) Name : “household investor survey with the objective to provide

data on the investor preferences on MFs and other financial assets”

Author : Gupta

Year of publication : 1994

6) Name : “certain guidelines to the investors in selecting the

mutual fund schemes.

Author : Kulshreshta

Year of publication : 1994

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