Presented by P.

Mohan (11309631023)

INTRODUCTION
y KARVY is a premier integrated financial services provider and

ranked among the top five in the country in all its business segments. It services over 16 million individual investors in various capacities and provides investor services to over 300 corporates, comprising who is who of Corporate India. It is a member of all three: National Stock Exchange (NSE)  Bombay Stock Exchange (BSE)  Hyderabad Stock Exchange (HSE)

Objectives
y Primary objective: y A study on comparative analysis of mutual fund

Secondary Objectives
y To project Mutual Fund as the productive avenue for investing activities. y To show the wide range of investment options available in Mutual Funds

by explaining its various schemes.

y To help an investor make a right choice of investment, while

considering the inherent risk factors.

y To understand the recent trends in Mutual Funds world y To give a brief idea about the benefits available from Mutual Fund

investment. y To give an idea of the types of schemes available

Need of the study

y

The main purpose of doing this project was to know about mutual fund

and its functioning. This helps to know in details about mutual fund industry right from its inception stage, growth and future prospects.
y

It also helps in understanding different schemes of mutual funds. Because

my study depends upon prominent funds in India and their schemes like equity, income, balance as well as the returns associated with those schemes.
y

The project study was done to ascertain the asset allocation, entry load,

exit load, associated with the mutual funds. Ultimately this would help in understanding the benefits of mutual funds to investors.

Scope of t e st
y To make people aware about concept of mutual fun . y To provi e information regar ing a vantages an emerits of mutual fun . y To a vice w ere to invest or not to invest. y To provi e information regar ing t pes of mutual fun w ich is beneficial.

Literature Re ie
y Literature on mutual fund performance e aluation is enormous. A fe research studies that ha e influenced the preparation of this paper substantially are discussed in this section. y Sharpe, William F. (1966) suggested a measure for the e aluation of portfolio performance. Dra ing on results obtained in the field of portfolio analysis, economist Jack L. Treynor has suggested a ne predictor of mutual fund performance, one that differs from irtually all those used pre iously by incorporating the olatility of a fund's return in a simple yet meaningful manner

Compa

profile

y Karvy was started by a group of five chartered accountants in 1979. The

partners decided to offer, other than the audit services, value added services like corporate advisory services to their clients. The first firm in the group, Karvy Consultants Limited was incorporated on 23rd July, 1983. In a very short period, it became the largest Registrar and Transfer Agent in India. This business was spun off to form a separate joint venture with Computershare of Australia, in 2005. Karvys foray into stock broking began with marketing IPOs, in 1993. Within a few years, Karvy began topping the IPO procurement league tables and it has consistently maintained its position among the top 5. Karvy was among the first few members of National Stock Exchange, in 1994 and became a member of The Stock Exchange, Mumbai in 2001. Dematerialization of shares gathered pace in mid-90s and Karvy was in the forefront educating investors on the advantages of dematerializing their shares. Today Karvy is among the top 5 Depositary Participant in India.

Type of research
y Descriptive research

Research
y The

ethodology

ethodology involves randomly selecting Open-Ended equity

schemes of different fund houses of the country. The data collected for this project is basically from one sources, that is:Secondary sources: Collection of data from Internet and Books. HYPOTHESIS The Hypothesis of the study involves Comparison between:
1. Kotak Opportunities fund. 2. Reliance Equity Opportunities fund. 3. Franklin India Flexi fund. 4. HDFC Core & satellite fund. 5. HSBC India Opportunities fund.

Limitation of the study

y Analysis of the applications is carried out by taking the

applications from Reliance equity Fund. The data available is therefore restricted by the design of the application.. y Numerical data like number of applications received, total subscription amount received, statement of accounts, investor details, etc are not available and therefore a description of these aspects is given.
y

Tools which are used

A)Sharpes Ratio B)Treynors Ratio C)F(Beta) co-efficient D)Returns

Recommendations and Suggestions

y The application from institutional investors and foreign institutional investors are to be encouraged through a package of incentives. y There is a need to investigate the reasons for HUF s occupying more than 2/3rd share in the non-individual aRegarding services. y Apart from fund performance observations are also made regarding the services of KOTAK MAHINDRA, after analyzing the feedback of distributors I found that the services of KOTAK MAHINDRA is not as good as other AMCs and some of the field in which they are lacking related to not delivering the account statements and brokerage on time.

Conclusion
y The Study on Comparative Analysis of Mutual Funds with reference to KarvyStockBroking Ltd. has given me an thorough analysis of various mutual fund schemes Technology sectoral funds have performed well on all parameters, hence it is good bet for investments.FMCG and Pharma are avg. performers. Still they can be good for long run.In Banking Sector Reliance was only fund which qualified but it was worst performer in all parameters.Karvy should keep Mutual Fund Awareness Programme s on regular basis for investors and clients as future belongs to mutual fund in India specially Sectoral Mutual Funds.