PROJECT REPORT
ON
“COMPARATIVE ANALYSIS ON MUTUAL FUNDS”
(From the time period 2023-24)
Submitted in partial fulfilment of the requirement for the degree of
“Bachelor of Business Administration (BBA)”
Rashtrasant Tukadoji Maharaj Nagpur University,
Nagpur.
Submitted by: Taniya Umesh Hedau
Guided by: Prof. Shradha Dhote
Department of B.B.A
Vincent Apostolic Degree College, Nagpur.
[Session 2023-2024]
1
Session 2023-2024
Particulars Page No.
Introduction 3
Objectives 4
Scope 5
Research Methodology 6
Bibliography 7
2
INTRODUCTION
Mutual Funds were introduced in India in !963, but it was not until the early 1990s that
they gained popularity as an investment option. The Securities and Exchange Board of India
(SEBI) was established in 1992, and it played a crucial role in the growth of mutual funds in
the country by regulating the industry and promoting transparency and investor protection.
The first mutual fund to be set up in India was the Unit Trust of India (UTI), which was
established in 1964 by the Government of India. UTI was initially the only mutual fund the
State Bank of India. Over the next few years, other public sector banks and financial
institutions established their own mutual funds. With the economic liberalization policies of
the early 1990s, the Indian economy opened up to foreign investment and saw a surge in
foreign capital inflows. This led to the entry of several private sector mutual funds, including
joint ventures with foreign asset management companies. Today, there are over 40 mutual
fund companies operating in India, offering a range of products to suit the needs of different
investors. The mutual fund industry has grown significantly over the years and has become an
important avenue for retail investors to invest in the capital markets.
A comparative analysis of different mutual funds can be done using various online tools
and platforms, such as Fund Visualizer, ET Money, Slide Share, etc. These tools can help
investors compare funds across different parameters and visualize the results using interactive
charts and graphs. They can also provide additional information and insights on the mutual
funds, such as ratings, reviews, recommendations, etc.
A comparative analysis of different mutual funds is a process of evaluating and
comparing the performance, risk and other characteristics of various mutual fund schemes.
The purpose of this analysis is to help investors choose the best mutual fund for their
investment goals and risk appetite.
3
OBJECTIVES
The research study was conducted with following objectives:
• To research the different plans offered by Kotak Mutual Fund and HDFC Mutual Fund.
• To compare the performance of many schemes in order to determine which is the best
one for investors.
• To compare average returns of selected top 5 midcap equity mutual funds schemes.
• To analyse the risk and returns risk rate of the schemes.
• To study the performance of growth schemes of the selected mutual funds.
4
SCOPE
The scope of a comparative study of selected mutual funds would be to analyse
and compare various mutual funds based on their performance, risk, investment
strategy, management and other factors, to provide insights for investors to make
informed investment decisions.
The scope has grown enormously over the years. In the first age of mutual
funds, when the investment management companies started to offer mutual funds,
choices were few. Even though people invested their money in mutual funds as these
funds offered them diversify their investment in common stocks, preferred stocks,
bonds and other financial securities. At the same time, they also enjoyed the
advantage of liquidity. With mutual funds, they got the scope of easy access to their
invested funds on requirement.
But, in today’s world, Scope of Mutual Funds has become so wide, that
people sometimes take long time to decide the mutual fund type, they are going to
invest in. Several Investment Management Companies have emerged over the years
who offer various types of Mutual Funds, each type carrying unique characteristics
and different beneficial features.
5
RESEARCH METHODOLOGY
• Research Design:
The mutual fund schemes of the two companies have been classified and
chosen in order to assess their performance and relative risk. The study’s scope is
primarily focused on the various categories of mutual funds and sector specific funds
offered by the two asset management companies, HDFC Asset Management Company
Ltd. and Kotak Mutual Funds Ltd.
• Sources of Data:
Data sources are often quantitative in nature.
• Data Collection Method:
The data was gathered using research-based online portals, published mutual
fund material and the official websites of HDFC Mutual Fund and Kotak Mutal Fund.
• Population:
The population is Mutal Funds in India.
• Sampling Method:
The type of secondary data used in the HDFC and Kotak Bank studies. The
private sector banks are the focus of the study. The sample needed for the study was
chosen using a random sampling technique from a list of funds offered by the two
asset management firms.
• Sampling Frame:
The sampling frame for this study is HDFC Mutual Funds and Kotak Mutual
Funds.
• Sampling Size:
The sample size consists equity mutual fund schemes, four debt mutual find
schemes, and two balanced mutual fund schemes.
• Tools and Techniques used:
Standard deviation, Sharp ratio, Beta R-squared and Alpha are the statistical
tools and techniques implemented.
6
Bibliography
Websites:
• www.moneycontrol.com
• www.nsdl.co.in
• www.franklintempletonindia.com
• www.moneycontrol.com
Books:
• Fundamentals of Business Finance
• Advanced Financial Management
• Common Sense on Mutual Funds
