ON
BY
ORGANISATION
TABLE OF CONTENTS
Acknowledgement………………………………………………….
Abstract…………………………………………………………….
CHAPTER I……………………………………………………….
Objective
Limitation
Methodology
CHAPTER II………………………………………………………
Industry profile
CHAPTER III……………………………………………………..
Different type of MF
CHAPTER IV…………………………………………………….
Company profile
Introduction
CHAPTER V……………………………………………………..
SWOT Analysis
CHAPTER VI…………………………………………………….
CHAPTER VI………………………………………………… ..
Findings
CHAPTER VIII…………………………………………………
Recommendation
CHAPTER IX…………………………………………………..
Conclusion
Objectives
Limitation
CHAPTER XI……………………………………………………..
Questionnaire
Bibliography…………………………………………………….
ACKNOWLEDGMENT
(3003)
ABSTRACT
Probably nothing can define the spirit of being ‘mutual’ better than this verse.
And who else to understand it better than the mutual fund industry. It seems
the mutual fund industry in India is slowly but surely beginning to recognize
this aspect for the better. Today, there is greater emphasis on the role of the
industry, the regulator. Securities and Exchange board of India (SEBI) and
industry body, Association of Mutual Funds in India (AMFI) on creating
awareness among investors and improving investor services. In fact, the
efforts of both the regulator as well as AMFI are laudable for promoting the
cause of investor education religiously. The ‘one product caters to all needs’
approach has given way to offering products which suite the specific needs of
investors ala product innovation. There is also increased emphasis on
convenience in terms of comfortable transaction services to investors by using
delivery or distribution platforms like the Internet, ATMs, Corporate brokers,
etc. Infect, distribution innovation has come to play a key role in the growth
of the industry. Industry players are using different distribution channels to
increase their market penetration. However, a significant change that is being
witnessed now is the swift response on part of the regulator to safeguard
investors’ interests. Thanks to the collective efforts of SEBI and AMFI, and
also the industry players, the domestic mutual fund industry has been
untouched by the depression of late trading, inside trading etc., which affected
the US Mutual Fund industry in recent times. However, that is not to say that
the Indian Mutual Fund Industry is completely problem-free. Issues such as
low penetration in both semi
urban as well rural areas (mutual funds have so far been largely and urban
affair that too in big cities), poor investor awareness and exploitation of this
fact by industry players, as demonstrated by the mutual fund IPO commotion
and excessive focus on corporate and other big pocket investors at the
expense of retail investors are some of the issues that industry needs to
address.
With the increase in domestic saving s and
improvement in deployment of investment through markets, the need and
scope for mutual fund operation has increased tremendously. Mutual funds are
not only best suited for the purpose but also are capable of meeting this
challenge effectively. Professionals who manage mutual funds are considered
to have a better knowledge of market behavior. Another important reason is
that the dividends and capital gains are reinvested automatically in mutual
funds and, hence, are not frittered away. Mutual funds also create awareness
among the urban and rural middle-class about the benefits of investments in
capital markets through profitable and safe avenues, and are able to gather a
large amount of the surplus funds available with this section.
Within short span of time mutual
fund operation has become an integral part of the Indian financial scene and is
balanced for rapid growth in the near future. The mutual fund industry has
been remarkably flexible over the last decade in spite of varying economic
conditions, capital market scams, and increasing competition. Today,
numerous schemes, tailored to meet the diversified needs of savers, are being
offered by many institutions. In this project an attempt has been made to
evaluate the awareness and perception of mutual fund on different parameter
CHAPTER I
Objectives
Limitations
Methodology
OBJECTIVES
• Analyzing the market survey and thereby finding out the investment
pattern of the customer.
LIMITATIONS
Though the present study aimed to achieve the above-
mentioned objectives in full earnest and accuracy, it was in
a weak position due to certain limitations. Some of the
limitations of this study may be summarized as follows :
• Very few people have knowledge about Mutual funds and the other
products of the Mutual Funds .
METHODOLOGY
The objective of the present study can be accomplished by conducting a
systematic market survey. Market Research is a systematic design,
collection, analysis and reporting of data and finding that are relevant to
different market situation facing by the company. The marketing research
process that will be adopted in the present study consist of the following
stages:
The research objective state that what information is needed to solve the
problem. Here the objective of other research is awareness and perception
of Mutual fund as an Investment option and what are the benefits that the
investor will get by investing in Mutual funds.
Once the problem is defined, the next step is to prepare a plan for getting
the information needed for the research. The present study will adopt
exploratory approach where in there is a need to gather a large amount of
information before making a conclusion if required. The descriptive and
casual approaches may also be used.
• Primary Data
• Secondary Data.
Primary Data:
• Face-to-Face Interview
• Observation
Secondary data:
4. Sampling Plan:
This phase will mark the culmination of the marketing research efforts.
The report with the research finding is a formal written document.
CHAPTER II
Industry Profile
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. In 1978 UTI was de-linked
from the RBI and the Industrial Development Bank of India (IDBI) took over the
regulatory and administrative control in place of RBI. The first scheme launched by
UTI was Unit Scheme 1964. At the end of 1988 UTI had Rs.6,700 crores of assets
under management.
1987 marked the entry of non- UTI, public sector mutual funds set up by public
sector banks and Life Insurance Corporation of India (LIC) and General Insurance
Corporation of India (GIC). SBI Mutual Fund was the first non- UTI Mutual Fund
established in June 1987 followed by Canbank Mutual Fund (Dec 87), Punjab
National Bank Mutual Fund (Aug 89), Indian Bank Mutual Fund (Nov 89), Bank
of India (Jun 90), Bank of Baroda Mutual Fund (Oct 92). LIC established its
mutual fund in June 1989 while GIC had set up its mutual fund in December 1990.
At the end of 1993, the mutual fund industry had assets under management of
Rs.47,004 crores.
governed. The erstwhile Kothari Pioneer (now merged with Franklin Templeton)
was the first private sector mutual fund registered in July 1993.
The number of mutual fund houses went on increasing, with many foreign mutual
funds setting up funds in India and also the industry has witnessed several mergers
and acquisitions. As at the end of January 2003, there were 33 mutual funds with
total assets of Rs. 1,21,805 crores. The Unit Trust of India with Rs.44,541 crores of
assets under management was way ahead of other mutual funds.
In February 2003, following the repeal of the Unit Trust of India Act 1963 UTI was
bifurcated into two separate entities. One is the Specified Undertaking of the Unit
Trust of India with assets under management of Rs.29,835 crores as at the end of
January 2003, representing broadly, the assets of US 64 scheme, assured return and
certain other schemes. The Specified Undertaking of Unit Trust of India,
functioning under an administrator and under the rules framed by Government of
India and does not come under the purview of the Mutual Fund Regulations.
The second is the UTI Mutual Fund Ltd, sponsored by SBI, PNB, BOB and LIC. It
is registered with SEBI and functions under the Mutual Fund Regulations. With the
bifurcation of the erstwhile UTI which had in March 2000 more than Rs.76,000
crores of assets under management and with the setting up of a UTI Mutual Fund,
conforming to the SEBI Mutual Fund Regulations, and with recent mergers taking
place among different private sector funds, the mutual fund industry has entered its
current phase of consolidation and growth. As at the end of September, 2004, there
were 29 funds, which manage assets of Rs.153108 crores under 421 schemes.
The graph indicates the growth of assets over the years.
The most important trend in the mutual fund industry is the aggressive
expansion of the foreign owned mutual fund companies and the decline of
the companies floated by nationalized banks and smaller private sector
players.
Many nationalized banks got into the mutual fund business in the early
nineties and got off to a good start due to the stock market boom
prevailing then. These banks did not really understand the mutual fund
business and they just viewed it as another kind of banking activity. Few
hired specialized staff and generally chose to transfer staff from the parent
organizations. The performance of most of the schemes floated by these
funds was not good. Some schemes had offered guaranteed returns and
their parent organizations had to safekeeping out these AMCs by paying
large amounts of money as the difference between the guaranteed and
actual returns. The service levels were also very bad. Most of these AMCs
have not been able to retain staff, float new schemes etc. and it is doubtful
whether, barring a few exceptions, they have serious plans of continuing
the activity in a major way.
The experience of some of the AMCs floated by private sector Indian companies was
also very similar. They quickly realized that the AMC business is a business, which
makes money in the long term and requires deep-pocketed support in the intermediate
years. Some have sold out to foreign owned companies, some have merged with others
and there is general restructuring going on The foreign owned companies have deep
pockets and have come in here with the expectation of a long pull. They can be
credited with introducing many new practices such as new product innovation, sharp
improvement in service standards and disclosure, usage of technology, broker
education and support etc. In fact, they have forced the industry to upgrade itself and
service levels of organizations like UTI have improved dramatically in the last few
years in response to the competition provided by these.
Institutions:
• GIC Asset Management Co. Ltd.
• Jeevan Bima Sahayog Asset Management Co. Ltd.
• Private Sector
Indian:
• BenchMark Asset Management Co. Pvt. Ltd.
• Cholamandalam Asset Management Co. Ltd.
• Credit Capital Asset Management Co. Ltd.
• Escorts Asset Management Ltd.
• JM Financial Mutual Fund
• Kotak Mahindra Asset Management Co. Ltd.
• Reliance Capital Asset Management Ltd.
• Sahara Asset Management Co. Pvt. Ltd
• Sundaram Asset Management Company Ltd.
• Tata Asset Management Private Ltd.
• Professional management
• Diversification and Lowered risks
• Low costs
• Liquidity
• Transparency
• Flexibility
• Choice of schemes
• Tax benefits
• regulation
• Liquidity
In open-ended schemes, you can get your money back promptly at net
asset value related prices from the mutual fund itself.
• Transparency
You get regular information on the value of your investment in addition to
disclosure on the specific investments made by the mutual fund scheme.
• Personal Service
One call puts you in touch with a specialist who can provide you with
information you can use to make your own investment choices. They will
provide you personal assistance in buying and selling your fund units,
provide fund information and answer questions about your account status.
Our Customer service centers are at your service and our Marketing team
would be eager to hear your comments on our schemes.
Mutual Funds : What is it ?
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 are 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:
MF is a solution for investors who lack the time, or the inclination or the skills to
actively manage their investment risk in individual securities. They can delegate this
role to the MF, while retaining the right and the obligation to monitor their investments
in the scheme (which, in turn, invests in individual securities).
In the absence of a MF option, the moneys of such “passive” these investors would lie
either in bank deposits or other “safe” investment options, thus depriving the investors
of the possibility of earning a better return.
Investing through a MF would make economic sense for an investor if his investment,
over the medium to long term, fetches a return (net of all costs and expenses) that is
higher than what she would otherwise have earned by investing directly.
Because the goal of investing is to accumulate real wealth – an enhanced ability to pay
for goods and services – the ultimate focus of the long-term investor must be on real,
not nominal, returns.
Trustees:
Trustees are the people within the mutual fund organization, who are responsible to
ensure for ensuring that investors’ interests are properly taken care of In return for their
services, they are paid trustee fees, which is normally charged to the scheme.
Distributors
Distributors earn a commission for bringing investors into the schemes of a MF. This
commission is an expense for the scheme,
although there are occasions when the AMC chooses to bear the cost, wholly or partly.
Depending on the financial and physical resources at their disposal, they distributors
could be:
• Tier 1 distributors (having an owned or franchised network reaching out to
investors all across the country); or
• Tier 2 distributors (regional players with some reach within their region); or
• Tier 3 distributors (marginal players).
It is paradoxical that distributors earn a commission from the AMC, but are expected to
safeguard the financial health of investors from whom they do not earn a fee.
It is almost like a doctor earning a commission from the pharmaceutical company, but
expected to safeguard the physical health of the patient who does not pay him anything.
Registrars
The investor’s’ holding in various schemes is typically tracked by the scheme’s
Registrar and Transfer agent (R&T). Some AMCs prefer to handle this role in-house.
The registrar / AMC maintains an account of the investor’s’ investments in and dis-
investment from the scheme. Requests to invest more money into a scheme, or to
recover moneys against existing investments in the scheme are processed by the R&T.
Custodian / Depository
The custodian maintains custody of the securities in which the scheme invests (as
distinct from the registrar who tracks the
thereafter they can buy or sell the units of the scheme on the stock
exchanges where they are listed. In order to provide an exit route to the
investors, some close-ended funds give an option of selling back the units
to the Mutual Fund through periodic repurchase at NAV related prices.
SEBI Regulations stipulate that at least one of the two exit routes is
provided to the investor.
By Investment Objective :
Load Funds: A Load Fund is one that charges a commission for entry or
exit. That is, each time you buy or sell units in the fund, a commission
will be payable. Typically entry and exit loads range from 1% to 2%. It
could be worth paying the load, if the fund has a good performance
history.
Other Schemes :
Tax Saving Schemes: These schemes offer tax rebates to the investors
under specific provisions of the Indian Income Tax laws as the
Government offers tax incentives for investment in specified avenues.
Investments made in Equity Linked Savings Schemes (ELSS) and
Pension Schemes are allowed as deduction u/s 88 of the Income Tax Act,
1961. The Act also provides opportunities to investors to save capital
gains u/s 54EA and 54EB by investing in Mutual Funds, provided the
capital asset has been sold prior to April 1, 2000 and the amount is
invested before September 30, 2000.
Special Schemes :
CHAPTER IV
COMPANY PROFILE
Reliance Mutual Fund (RMF) has been established as a trust under the
Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the
Settlor/Sponsor.
OUR FOUNDER
Dhirubhai H. Ambani
Founder Chairman,
Reliance Industries Limited, India
December 28, 1932 - July 6, 2002
INTRODUCTION
About Reliance Capital Asset Management Ltd:
Reliance Capital Asset Management Limited (RCAM), a company registered under the
Companies Act, 1956 was appointed to act as the Investment Manager of Reliance Mutual
Fund.
Reliance Capital Asset Management Limited is a wholly
owned subsidiary of Reliance Capital Limited, the sponsor. The entire paid-up capital
(100%) of Reliance Capital Asset Management Limited is held by Reliance Capital
Limited.
Reliance Capital Asset Management Limited was
approved as the Asset Management Company for the Mutual Fund by SEBI vide their letter
no IIMARP/1264/95 dated June 30, 1995. The Mutual Fund has entered into an Investment
Management Agreement (IMA) with RCAM dated May 12, 1995 and was amended on
August 12, 1997 in line with SEBI (Mutual Funds) Regulations, 1996. Pursuant to this
IMA, RCAM is authorized to act as Investment Manager of Reliance Mutual Fund. The net
worth of the Asset Management Company including preference shares as on March 31,
2005 is Rs.30.13 crores.
RCAM has been registered as a portfolio manager vide SEBI Registration No.
INP000000423 and renewed effective 1st August, 2003.
RCAM has commenced these activities. It has been ensured
that key personnel of the AMC, the systems, back office, bank and securities accounts are
segregated activity wise and there exists systems to prohibit access to inside information of
various activities. As per SEBI Regulations, it will further ensure that AMC meets the
capital adequacy requirements, if any, separately for each such activity.
RCAM has been appointed as the Investment Manager of
"Reliance India Power Fund", a Venture Capital Fund registered with SEBI vide
Registration no.IN/VCF/05-06/062 dated June 16, 2005 but this activity is yet to
commence.
Reliance Mutual Fund (RMF) is one of India’s leading Mutual Funds, with
Average Assets Under Management (AAUM) of Rs. 88,388 Crs (AAUM for
30th Apr 09 ) and an investor base of over 71.53 Lacs. Reliance Mutual Fund,
a part of the Reliance - Anil Dhirubhai Ambani Group, is one of the fastest
growing mutual funds in the country. RMF offers investors a well-rounded
portfolio of products to meet varying investor requirements and has presence
in 118 cities across the country. Reliance Mutual Fund constantly endeavors
to launch innovative products and customer service initiatives to increase
value to investors. "Reliance Mutual Fund schemes are managed by Reliance
Capital Asset Management Limited., a subsidiary of Reliance Capital
Limited, which holds 93.37% of the paid-up capital of RCAM, the balance
paid up capital being held by minority shareholders." Reliance Capital Ltd. is
one of India’s leading and fastest growing private sector financial services
companies, and ranks among the top 3 private sector financial services and
banking companies, in terms of net worth. Reliance Capital Ltd. has interests
in asset management, life and general insurance, private equity and
proprietary investments, stock broking and other financial services
The main objectives of the Trust are:
The Sponsors
Reliance Capital Limited Corporate & Registered Office :
Reliance Capital Ltd. H Block, 1st Floor, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai - 400 710.Tel. 022 – 30327000, Fax. 022 –
30327202
• Debt Schemes.:
Reliance Gilt Securities Fund - Short Term Gilt Plan & Long Term
Gilt Plan
Open-ended Government Securities Scheme) The primary objective of
the Scheme is to generate Optimal credit risk-free returns by investing in
a portfolio of securities issued and guaranteed by the central Government
and State Government
scheme shall also invest in Fixed rate debt Securities (including fixed
rate securitized debt, Money Market Instruments and Floating Rate Debt
Instruments swapped for fixed returns
Sector Funds are specialty funds that invest in stocks falling into a certain
sector of the economy. Here the portfolio is dispersed or spread across the
stocks in that particular sector. This type of scheme is ideal for investors
who have already made up their mind to confine risk and return to a
particular sector.
SWOT Analysis
STRENGTHS
WEAKNESS
OPPORTUNITIES
• Jodhpur is a big industrial area so there is a huge opportunities.
• Reliance mutual fund has a very good quality products &schemes
comparison to other competitor.
• Reliance is first company which launched Equity fund with hedging
feature which aim to minimize risk..
• Good perception among the customer.
THREATS
CHAPTER VI
Analysis and Interpretation of Data
(a) Age-profile:
Age-profile
60-Above 20-25
5% 19%
55-60
15%
20-25
25-40
40-55
55-60
40-55
21% 60-Above
25-40
40%
INTERPRETATION :
(b) Gender-wise:
Gender-wise overview
Female
8%
Male
Female
Male
92%
INTERPRETATION :
(c)Income Profile:
40% 38%
35% 30% Less then 1.0 Lakh
30%
1.0-2.0 Lakh
25%
17% 2.0-3.0 Lakh
20%
3.0-5.0 Lakh
15%
More then 5.0 Lakh
10% 6% 5%
4% No response
5%
0%
No. of respondents
INTERPRETATION :
In this survey I found the break up of the respondents. Around 38%of the
respondents have an income between of Rs.1.0-2.0 Lakhs per annum and
30% of respondents in between 2.0-3.0 Lakhs .it display the income
profile of respondents.
INTERPRETATION :
(e)Qualification :
40% Undergraduates
Graduates
30% 14%
Postgraduates
6%
Others
20%
No response
10% 1%
0%
No. of respondents
INTERPRETATION :
The surveyed group are well educated group with 40%being post
graduates and 39%being graduates. around 6% of the samples collected
were undergraduates.
Poor
Average
64%
19%
Very good
Good
Other Average
68% Poor
No response
Good
9%
No response
Very good 4%
4%
INTERPRETATION :
In this survey it was found that 64% of the respondents don’t’ know or
their knowledge is very poor about Mutual funds. they ,while 4%
respondents rated their understanding as very good about Mutual funds. it
shows knowledge of Mutual funds are very low..
Can't say
4%
Yes
32%
Yes
No
Can't say
No
64%
INTERPRETATION :
It was found that 64% of the respondents don’t know that the Mutual fund
is related to share market. they also don’t know that Mutual funds returns
is affected by the fluctuation in share market.
(a)Investment objective:
capital gain
tax benefits 21%
14%
generate capital gain
reguar return generate reguar return
6% secure future
secure future tax benefits
59%
INTERPRETATION :
Total number of 100 responses were generated for this question and
multiple response were sought for the various investment objectives. the
analysis brings out the fact that investor were more concerned about the
secure future(59%) and capital gains(21%), and after that they considered
tax benefits(14%) and regular return(6%) as their main investment
objectives.
100 88
80
Economic scenario
60 Company image
38 42 Fund performance
40
28 Fund manager image
20 Tax incentive
4
0
No. of Respondents
INTERPRETATION :
There are certain overall factors that tend to affect the investment decision
decision of the investor, such as economic scenario. I tried to know the
respondents opinion on these macro factors that further tend to affect their
investment decisions.
This survey showed that company image acts as the determining
factor for their investment with 44%.the second most important factor was
fund performance(21%) and economic scenario(19%).
Print media
21% 29% Electronic media
4% Friends/Relative
Financial advisors
19% Personal analysis
6% 21%
Agents
INTERPRETATION :
In this survey I asked from the respondents about the kind of media that
affect their investment decision.29% of the respondents said that the print
media is the major influencer in making their investment decisions,
electronic media(21%) and agents(21%) were the second major influencer
in investment decision making.
Tax incentive
Risk factors
14%
INTERPRETATION:
In this survey I found that saving for the future was the foremost
important criteria for investment in the minds of investors (51%),while
23%respondents said that they considered the returns before making
investment decisions.
(a)Investment Avenues:
S. No Investment No. of Percentage
Avenues respondents
1. Post office 12 12%
schemes
2. Insurance 4 4%
3. Banks 66 66%
4. Share market 3 3%
5. Mutual funds 7 7%
6. Govt. 8 8%
securities
Total 100 100%
Investment Avenues
Insurance
Mutual funds Govt. Post office 4%
7% securities schemes
8% 12% Post office schemes
Insurance
Banks
Share market Share market
3%
Mutual funds
Govt. securities
Banks
66%
INTERPRETATION:
The risk return matrix of an individual is the key factor in framing his
investment portfolio. I asked the respondents to select the investment
avenues they would prefer to keep their investment portfolio. 66% of
investor preferred to have banks savings as one of the investment avenue.,
while 12% of the investor said that they would certainly would like to
have post office schemes as one of their preferred investment avenue.
(b)Return expectation from Mutual funds:
16% -20%
31% Other Can’t say
40% 24%
5%-10%
11%-15%
16%-20%
INTERPRETATION:
In this survey when I came to return expected ,I found that 31% of the
investor are expecting a return in range of 16%-20%,while 24%of the investor
are expecting 11%-15% rate of return but 24% of investor can’t said about
return expectation.
50%
Growth schemes
41%
40% Balanced schemes
30% ELSS
Sector specific
20% 18% 17% schemes
Liquid schemes
11%
10% 6% 7% Can’t say
0%
No. of respondents
INTERPRETATION:
The type of schemes selected for investment depends largely on the risk
return matrix of an individual and the time horizon of his investment.
My findings demonstrate that 41% of investors prefer
to invest in growth schemes,18% of investor in ELSS schemes.
Yes
Yes
23%
No No
77%
INTERPRETATION:
In this survey I tried to know the knowledge of investors about the return
on diversified schemes .I found that 77%of surveyed people don’t know
that the return on diversified mutual fund schemes is more then other
schemes. so, it shows that vary lake of awareness about mutual funds.
40% 39%
37%
35%
30%
Company brochures
25% Company websites
20% Investment advisor
15% 14% Newspaper
10% Friends and relatives
7%
5% 3%
0%
No. of respondents
INTERPRETATION:
CHAPTER VII
FINDINGS
CHAPTER VIII
RECOMMENDATIONS
&OBJECTIVES
• There should be more awareness made about the Reliance Mutual Fund
and their services by giving more advertisement.
• The Reliance Mutual Fund should go for tie-ups with the corporate to
invest in RMF.
• Reliance Mutual Fund should organize some events to build its Brand
Image in the minds of the people.
• As per customer’s point of view, they feel that Reliance Mutual Fund
should open more number of branches for the convenience of people.
OBJECTIVES
CHAPTER IX
CONCLUSION
AS been analyzed people are very rarely aware of mutual funds as people
were not properly educated about the policies but when made aware they
wanted to get more information about the funds by this we can say that
mutual fund is in its infant stage today but it will reach its growth stage
within no time.
Mutual fund has been compared to Unit linked polices people are more
aware of ULIP than Mutual fund which takes more customer to the
insurance sector but slowly as people are getting more aware of the funds
they will surely start investing in these funds as some of the mutual fund
companies have already started giving more than 30% returns which is
really a huge amount being 6% minimum and 10% maximum guidelines
given a company.
Mutual funds in this competitive world is very helpful for the people who
are interested into investments as this particular fund can take less
investment but give u hefty.
CHAPTER XI
Questionnaire
Age profile :
Gender :
Income profile :
Saving habits :
Qualification :
(a)Print media
(b)Electronic media
(c)Friend/relative
(d)Financial advisor/C.A
(c)Personal analysis
(f)Agents
Q6. What factors affect your decision for investment in Mutual Fund ?
(a)Economic scenario
(b)Company image
(c)Fund performance
(d)Fund manager image
(e)Tax incentive
(a)5%-10%
(b)11% -15%
(c)16%-20%
(d)more than 20%
(e)can’t say
(a)Growth schemes
(b)Balanced schemes
(c)ELSS
(d)Sector specific schemes
(e)Income schemes
(f)Liquid schemes
Q9. What are the sources of information gathering for you regarding mutual
fund?
(a)Company brochures
(b)Company websites
(c)Investment advisor
(d)Newspaper
(e)Friends and relatives
Q10. Are you aware that by investing in diversified investment avenues the
average rate of return would considerable go up ?
(a)Yes (b)No
(a)yes (b)no
(c)can’t say
Bibliography
WEB SITES VISITED:
www.amfiindia.com
www.mutualfundsindia.com
www.sebi.gov.in
www.reliancemutual.com
www.yahoo.com
www.google.com
www.rbi.org.in
BOOK REFERRED: