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Project on Mutual Fund Industry & impact of exit & entry load on IFA segment.
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2. My humble thanks and feigned gratefulness to Mr. Bimal Jeet Singh, my company guide and Mr. Iqbal Bhatti who emitted signals of profound knowledge and deep insight without which it would have been difficult to give a physical shape to the project.
36. The Kothari family of D.S. Purbhoodas and Co. is the promoter and owner of DSP Group.
37. Track record of over 140 years, one of the oldest financial services firms in India.
38. One of the founding members and first directors of the Bombay Stock Exchange (BSE).
39. Each generation of the DSP Group has seen a partner serving as President of the Bombay Stock Exchange, bearing testimony to the long-standing position DSP Group occupies in the Indian Financial arena.
61. The nature of project involved the whole survey of how to calculate the value and performance of mutual fund and by comparing these values from different company’s mutual funds.
62. Know about the risks associated with mutual funds and the difference in the evaluation of debt funds and equity funds.
63. I learned the difference of investing in mutual fund and other investment (bank/post office) products.
64. The scope of the project was also to find out that what factors forces the customers to buy a particular mutual fund. I learned what things investor should keep in mind before investing into any fund apart from that I have also seen what Indian investors think about mutual fund and how much they are aware about mutual funds.
65. Opportunity to learn about the ups and downs in the market and its impact on the performance of various schemes.
66. The presentations of DSP BlackRock MF that I gave to our alternate distribution channel’s employees helped me to get exposed to various problems that the distributors face during selling of mutual fund schemes and how to tackle with such problems.
67. I have learned that mutual funds now present perhaps the most appropriate investment opportunity for most investors. As financial markets become more sophisticated and complex, investors need a financial intermediary who provides the required knowledge and professional expertise on successful investing.
70. To study investor awareness regarding various types of Mutual Funds and various schemes offered by these mutual funds.
71. To study where DSP MF does stands in the market & what steps they should take to improve their position in the market.
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74. The price at which units can be bought and sold is governed solely by the value of the underlying securities held by the MF and dealing in units are on the basis of net market value of the investment per unit.
75. The managers of MF are obliged to redeem any units in issue on demand or certain specified period.
76. All dividend income that the MF receives on its investments is paid out to unit holders.
84. In this plan, dividend is neither declared nor paid out to the investors but it is built into the value of the NAV. In the other words, the NAV increases over time due to such incomes and the investor realizes only the capital appreciation on redemption of his investment.
86. In this plan, dividends are paid-out to the investors. In other words, the NAV only reflects the capital appreciation or depreciation in the market price of the underlying portfolio.
89. These plans are best suited for people nearing retirement. In these plans investor invest in a mutual fund scheme and is allowed to withdraw a fixed sum of money at regular intervals to take care of expenses.
148. Only after- tax returns of two different schemes should be compared.Type of Investors & Recommended Investment Portfolio<br />According to lifecycle Stages:<br />Stages of LifecycleSurplus to saveRisk toleranceOptions Childhood Stage---Young unmarriedHigh High Life Insurance, equityYoung MarriedHigh High Emerging fund equityYoung Married / ChildrenModerate Low/ ModerateInvestment for child educationMarried / Old ChildrenModerate Low Debt service/ pension provisionPost family/ pre-retirement ageLow Low Pension Provision<br />Questionnaire Analysis <br />Investment in Mutual Funds<br />Options Frequency Proportion Yes 6678.75%No 1423.33%Total 80<br />Figure 8<br />Interpretation <br />The study conducted on 80 persons revealed that 78.75% person invests in mutual funds and 21.25% people do not invest in the schemes of the mutual funds.<br />Reason for not investing in Mutual Funds<br />Ranking Scale54321Reasons Strongly AgreeAgree Neutral Strongly disagreeDisagreeRisky 31271165Lack of Awareness181620188Lack of Funds1219142015Afraid of Scams910171529Quality of Management108182123<br />Decision Influencer<br />Options Family Relatives Friends TVInternet MF AgentObserved119204630Percentage13.75%11.25%25%5%7.5%37.5%<br />Figure 9<br />Interpretation:<br />From the above analysis it may be concluded that 38% people’s decision to invest in mutual funds is affected by mutual fund agent. So there is a need to concentrate on updating the skills of the agents to enable them to motivate the potential customers. Second variable i.e. the friend’s circle will also be able to motivate more people for investment in mutual funds rather than traditional investment avenues.<br />More Risky<br />Fund Based SchemesFrequency Proportion Equity 6885%Debt --Balanced 810%Liquid 45%Total 80<br />Figure 10<br />Interpretation:<br />The analysis revealed that 85% people feel that equity schemes are the most risky schemes. Only 10% people think that balanced schemes are risky. Since some proportion under balanced scheme is also invested in the equity, this cannot be termed as more risky. Similarly liquid scheme has also been considered as more risky by 5 % people. Investment under the liquid schemes is a money market instruments which are highly volatile. These are comparatively more risky.<br />Therefore the conclusion is drawn that lack of awareness about the different MF schemes is the main reason for giving proper opinion by the respondents.<br />Safe / Secured Returns<br />Avenues Stock MarketProperty Bank Mutual FundOthers Observed81836162Percentage 10%22.5%45%20%2.5%<br />Figure 11<br />Interpretation:<br />The analysis revealed that people in our country have still the same mind-set of investing in traditional, safer investments even at low returns. Accordingly, 45% people think that bank is safe for investment. But 22.5% people showed their interest in making investment in property even when the investment becomes illiquid. Only 20% people feel comfortable with investment i