PROJECT REPORT

ON

MUTUAL FUND A STUDY OF

INEVSTMENT MANAGEMENT

BY
SUDHIR SHRESTHA
MBA II

VISHWAKARMA INSTITUTE OF
MANAGEMENT
PUNE 48

IN PARTIAL FULFILMENT OF THE AWARD

OF
MASTERS DEGREE IN BUSINESS
ADMINISTRATION
PUNE UNIVERSITY

(2005-2006)
 CERTIFICATE

THIS IS TO CERTIFY THAT PROJECT TITLED MUTUAL FUND - A STUDY OF

INVESTMENT MANAGEMENT IS A BONAFIDE WORK CARRIED OUT BY
MR. SUDHIR SHRESTHA STUDENT OF VISHWAKARMA INSTITUTE OF
MANAGEMENT IN PARTIAL FULLFILMENT OF MASTER IN BUSINESS
ADMINISTRATION, DEGREE OF UNIVERSITY OF PUNE.

HE HAS WORKED UNDER OUR GUIDANCE AND DIRECTION.

DR. SHARAD JOSHI PROF. MR. MAHESH HALALE

(DIRECTOR) (PROJECT GUIDE)

DATE: DATE:

PLACE: PLACE:
 ACKNOWLEDGEMENT
Talent and capabilities are of course necessary but opportunities and good
guidance are two very important things without which no person can climb those
infant ladders towards progress.

I am really thankful to TATA Mutual Fund, Hyderabad for giving me the

permission to carry out my summer internship in their esteemed organization.

I want to express my deep sense of gratitude to the management and staff of

TATA Mutual Fund, for the support, cooperation and briefings they provided
during the internship to make it a success.

I express my sincere thanks to Prof. Mahesh Halale and Dr. Sharad L. Joshi,
Director, Vishwakarma Institute of Management, Pune, for their valuable advice
and guidance. They are always a source of inspiration for me.

My thanks are also due to the faculty and non-faculty member of Vishwakarma

Institute of Management, Pune, for their cooperation and support in completion of

my project.

Last but not least, I thank my parents, friends for their wholehearted support in this
effort of mine.

Sudhir Shrestha
 Contents
1. Executive Summary 1
2. Concept 1
3. Organization Of Mutual Fund 2
4. Advantages Of Mutual Fund 2
5. Drawbacks Of Mutual Funds 4
6. History Of The Indian Mutual Fund Industry 5
7. Association Of Mutual Funds In India (Amfi) 8
a. The Objectives Of Association Of Mutual Funds In India 8
8. Company Facts 10
a. Tata Group 10
b. Why Invest With Tata Mutual Fund? 11
c. Company Facts 13
9. Performance Of Mutual Funds In India 14
a. Mutual Fund Companies In India 15
b. Major Mutual Fund Companies In India 16
10. Future Of Mutual Funds In India 17
a. Some Facts For The Growth Of Mutual Funds In India 18
11. Investment Management 19
a. Equity Portfolio Management 19
b. Debt Portfolio Management 22
c. Investment Policies And Restriction 24
12. Types Of Mutual Funds 28
a. Mutual Fund Classifications 28
b. Mutual Fund Types 28
13. Who Can Invest? 31
a. Investores Rights And Obligation 31
b. Offer (Document) By Mutual Fund 33
c. Accounting Of Mutual Fund 33
d. Parties To Mutual Fund 34
14. Measuring And Evaluating Mutual Fund Performance 35
a. Necessary For Measuring Mutual Fund Performance 37
b. Different Performance Measures 37
15. Fund Performance 47
16. Conclusion 58
17. Observation 63
18. Suggestion 64
19. Bibliography 65
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