Documente Academic
Documente Profesional
Documente Cultură
BY
VIKAS SHARMA
MBA 2005-07
1
Contract: 3
A REPORT ON
MARKET PENETRATION OF MUTUAL FUND
(SOUTH DELHI)
BY
VIKAS SHARMA
MBA 2005-07
TABLE OF CONTENTS-
2
Acknowledgements 04
Abstract summary 05
Introductions-objectives &limitations 40
Methodology 06
Result or findings 44
Appendices 79
Bibliography 80
Glossary 81
3
ACKNOWLEDGEMENTS-
4
ABSTRACT / SUMMARY -
This project was basically to find out the market penetration of mutual
funds in south Delhi as well as the investors perception about
the mutual funds in Delhi region. I was trying to find out the
investors perception about the mutual funds as well as the other
investment options, which they prefers.
In this project the main task was to Collect the data from customers,
sales officers of the bank and bank officials of ABN AMRO, HDFC,
ICICI, STANDARD CHARTERED AMC and find out the market
penetration of mutual funds and predict the future of mutual funds.
5
METHODOLOGY-
For banks I have taken help of documents of banks, their fund fact
sheets, forms etc.
6
Introduction about mutual funds-
7
Mutual Funds Industry in India
The origin of mutual fund industry in India is with the introduction of the
concept of mutual fund by UTI in the year 1963. Though the growth was
slow, but it accelerated from the year 1987 when non-UTI players entered
the industry.
In the past decade, Indian mutual fund industry had seen dramatic
improvements, both quality wise as well as quantity wise. Before, the
monopoly of the market had seen an ending phase; the Assets Under
Management (AUM) was Rs. 67bn. The private sector entry to the fund
family raised the AUM to Rs. 470 bn in March 1993 and till April 2004; it
reached the height of 1,540 bn.
Putting the AUM of the Indian Mutual Funds Industry into comparison, the
total of it is less than the deposits of SBI alone, constitute less than 11% of
the total deposits held by the Indian banking industry.
The main reason of its poor growth is that the mutual fund industry in India
is new in the country. Large sections of Indian investors are yet to be
intellectuated with the concept. Hence, it is the prime responsibility of all
mutual fund companies, to market the product correctly abreast of selling.
The mutual fund industry can be broadly put into four phases according to
the development of the sector. Each phase is briefly described as under.
8
Entry of non-UTI mutual funds. SBI Mutual Fund was the first 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 in 1989 and GIC in 1990. The end of
1993 marked Rs.47,004 as assets under management.
With the entry of private sector funds in 1993, a new era started in the
Indian mutual
fund industry, giving the Indian investors a wider choice of fund families.
Also, 1993 was the year in which the first Mutual Fund Regulations came
into being, under which all mutual funds, except UTI were to be registered
and 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.
This phase had bitter experience for UTI. It was bifurcated into two separate
entities. One is the Specified Undertaking of the Unit Trust of India with
AUM of Rs.29,835 crores (as on January 2003). 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
9
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 AUM 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.
10
THE CONCEPT OF MUTUAL FUND AND MAJOR PLAYERS
The concept of mutual funds in India dates back to the year 1963. The era
between 1963 and 1987 marked the existance of only one mutual fund
company in India with Rs. 67bn assets under management (AUM), by the
end of its monopoly era, the Unit Trust of India (UTI). By the end of the
80s decade, few other mutual fund companies in India took their position
in mutual fund market.
The new entries of mutual fund companies in India were SBI Mutual Fund,
Canbank Mutual Fund, Punjab National Bank Mutual Fund, Indian Bank
Mutual Fund, Bank of India Mutual Fund.
Kothari Pioneer was the first private sector mutual fund company in India
which has now merged with Franklin Templeton. Just after ten years with
private sector players penetration, the total assets rose up to Rs. 1218.05
bn. Today there are 33 mutual fund companies in India.
11
The above chart shows the growth of asset under management
in India from March 1965 to September 2004.in march 1965 there
was only 25 cr. AUM and in September 2004, 153108 cr. was
AUM. Its continuously increasing shows the increasing trends of
mutual funds in India.
Standard Chartered Mutual Fund launched its first scheme Grind lays
Super Saver Income Fund in the year July 2000. Since then it
focused on debt for 5 years and launched several innovative products
that went to become bourgeoning categories in the Indian mutual fund
industry.
Some of these were The Dynamic Bond Fund, The Short term Fund
and the Medium Term Fund.
12
• Next day redemptions for non-liquid funds and lately
• One Call Free number 1600226622 accessible across 153
cities
13
movement of goods from Europe to the East and to Africa.
The Standard Chartered Bank opened its first overseas branch ever
in Kolkata on April 12, 1858. Calcutta as it was known then was the
most important Indian commercial city, and the centre of the jute and
indigo trade. With the growth of the cotton trade and the opening of
the Suez Canal in 1869, Bombay took over from Calcutta as India’s
main trade centre. Today, the group has a combined customer base
of 2.4 million users in retail banking and over 1,200 corporate
customers, branches and sub-branches in India, which are directed
and administered from Mumbai, with Calcutta remaining an important
trading and banking centre.
14
SCB MUTUAL FUND AT A GLANCE
15
money and debt markets. He started off in the treasury of HSBC
before moving to the dealing room of ANZ Grindlays Bank, where he
was part of the bank’s Treasury team, managing balance sheet
portfolios like SLR, daily funding and CRR as well as the Foreign
currency loan/deposit book. The stint in the dealing room exposed
him to the cutting edge techniques of interest rate and liquidity risk
management. From the dealing room he has moved to the fund
management arm of the bank. In an interview with Toral Munshi and
Kinner Mehta of Indiainfoline Mr Anand speaks about the reasons for
sharp inflows into Income schemes, their investment style leading to
superior performance of Grindlays Super Saver Income Fund and
outlook for debt funds.
NEERAJ SWAROOP
CEO - INDIA
Standard Chartered
16
Principal Office Address:
90 Mahatma Gandhi Road
Mumbai, 400 001, India
Tel: +91 (002) 22670162
17
Bahrain 1920 Cote d’Ivoire 2001
Jordan 1925 Mauritius 2002
Korea 1929 Turkey 2003
Qatar 1950 Afghanistan 2004
Brunei, UAE 1958
MAJOR CUSTOMERS
RESIDENT INDIVIDUALS
COMPANYBODY CORPORATES
PROPIRETOR
NRI-NRE
FII
TRUST
HUF
ON BEHALF OF MINOR
PARTENERSHIP FIRM
SOCIETY
18
BANK
MAJOR COMPETETIORS
HDFC
ICICI
KOTAK MAHINDRA
FRANKLIN TEMPLETON
HSBC
ABN AMRO
19
MAJOR AWARDS TO STANDARD CHARTERED BANK
20
ASIAN CSR AWARDS
SCMF OFFICES
21
LUCKNOW - 226001 Tel : 0522 – 2200097
22
FACILITIES PROVIDED BY SCB
Overdraft Facilities
Bankers Acceptance
Export Finance
Personal Finance
Credit Cards
Priority Banking
23
TYPES OF BOND IN STANDARD CHARTERED BANK
The bonds of which 100% funds are placed in money market instruments
like deposits, SBI (Bank Indonesia Certificates), and obligation with
maturity date less than 1 year.
Fund protection and liquidity
Suitable for short-term investment
The bonds of which 80% funds are placed in the obligation, normally with
maturity date of 3 years and over.
Gain higher interests from the saved deposits
Suitable for mid-term investment, minimum 3 years
Mixed Bonds
The bonds being money market instruments, obligations and shares with
flexible composition according to your financial requirements.
Increasing funds
Suitable for mid and long term investment
24
Share Bonds
Are you burning your retirement cash to light up your life today?
We don't want to spoil your party. But connect the dots of your ages, your 30s/
40s or 50s and they WILL connect to 60,70 and even 80. You will turn old one
day. And you will not want to depend on someone then, even your kids. The good
news is that you can start today and build sizeable savings by -50% the time you
retire.
25
Assuming annual compounding at the same rate as the investment rate throughout the period of investment.
The chart shows how saving at a more than average rate of 20% can make your
savings increase substantially over the next 20 years. By how much? A 1 lakh
savings today can increase to close to Rs. 40 lakhs by the time you are ready to
hang up your boots.
The trick is not to be satisfied with the 5% or 10% returns and hunt for investments that can give you above
average returns. Your search ends here.
# 2. Equity markets can give the returns needed to secure your future.
The graph below shows that returns generated by the Sensex over the past 20
year period have been a healthy 15%. This while the Indian economy grew at 3-
4% for more than half that 150% period. Going forward, this growth is targeted to
be 6-8%, now you know why we are optimistic about the equity markets.
If you have been wary of investing in equity mutual funds because of the
risk involved, we have some news for you…
As shown below, the peaks and troughs of returns can be mellowed by remaining
invested for the long term. The historical analysis shows how the maximum and
minimum returns generated by the Sensex behave from 1 year to 20 years.
26
BSE Sensex Rolling returns (yearly basis) from March 1979 to March 2005
Source: Bloomberg
But you may be a complete beginner and may know nothing about how to
invest. Fortunately, there are collections of investors called Mutual funds
that have professional fund managers that invest in the stock market
collectively on behalf of investors.
A mutual fund acts like a professional fund manager,investing your money and
passing the returns to you. All it deducts is a management fee and its expenses,
which are declared in its offer document.
As seen in the following graph, looking at the past 10 years,mutual funds have
given higher returns over the BSE Sensex ,even when measured on a 5 year
rolling basis.
27
*Average returns of private sector diversified equity fund ( 7 schemes) existing
more than ten years. Source Crisil Fund Tracker. Comparison of returns of BSE
Sensex and Private Sector Diversified Equity funds (7schemes existing for more
than 10 years) for the past 10 years. Source: Crisil Mutual Fund Tracker,
Bloomberg
The logic is simple, it makes sense to leave your investments in the hand of
professionals you can trust.
The Indian economy is growing strongly as shown by the growth rate of Gross
Domestic Product (Broadly the Total Production of goods and services in the
country). A booming markets.
Investing now in the stock market can enable you to benefit from a growing
Indian economy.
28
INVESTMENT IN MUTUAL FUNDS-
Search: Where to look for if you want to begin saving in mutual funds
Mutual funds are much like any other product, in that there are manufacturers
who provide the product and there are dealers who sell them.
Each Mutual fund offers a variety of schemes to suit differing needs of investors.
The Bank/ Brokerage house/ Individual Financial Advisor helps you make the
choice based on your needs.
Remember, just like a salesman in a gift shop, your investment advisor can help
you the most if he knows what you are looking for.
29
Purchase
After you have decided to save, you may have to decide among the various
investment and withdrawal options that any fund offers to its investors.
Most of these schemes also offer various options to customize your operation of
the fund to your needs:
Dividend plan: Allows you to get Tax-free dividends from your investment. (As
per current Tax laws).
Growth plan: Allows the income generated from investment to be ploughed back
into the scheme. Used by investor targeting growth in their investment.
Some funds carry an entry load, which is a percentage fee deducted from the
amount invested before investment. Thus a 2.5% entry load will mean that if you
invest Rs 1 lakh in a Rs. 10 per unit IPO, instead of getting 10,000 units, you will
be allotted 9,750 units. Check for presence of such loads and other conditions
before investing.
After deciding the choice of mutual fund, investment and withdrawal, you are
ready to begin your savings. You need to now fill up an application form and
attach a cheque of the value of your investment or mention your account number
to have it automatically debited from your account.
30
Post Purchase Monitoring
Once you have invested in an ongoing fund, expect a period of two to three days
before you receive an account statement on the address mentioned by you in
your application form.
The transaction slip at the end of the account statement can be used for
additional purchases, redemptions or to intimate the mutual fund on any change
in bank mandates/address.
The NAVs of all the open-ended schemes are published at the fund's website,
financial newspapers and AMFI (Association of Mutual Funds) web-site
www.amfiindia.com.
Exit
Most mutual funds will provide you with a toll free number that works from 9 am
to 5 am and a website. For specific assistance you can also use your financial
31
advisors help.
Redemption/ Withdrawal
Just submit your completed transaction within the transacted time for the scheme
that you are invested in and deposit the same at the nearest CAMS Investor
Service Centre or the office of the fund. You can either get a direct credit to your
bank account or you can generally collect the cheque at the CAMS Investor
Service Centre/ AMC offices. If you fail to do so then the cheque is couriered to
the address mentioned in your account statement. Most funds take 1-3 days to
credit your account with your redemption proceeds.
In case an exit load is applicable to your withdrawal and you have redeemed a
fixed amount, an additional number of units equivalent to the exit load amount
will be liquidated from your investment. You can check this amount with the
mentioned exit load when you get the account statement using a simple
calculator.
SOURCE- INTERNET (standardcharteredmf.com)
32
PROJECT
PROJECT-
33
Questionnaire- VIKAS SHARMA- (FINANCIAL ADVISOR)
34
………………..
What is yours company brokerage?
Intra Day………………. Delivery Period…………………
What is your normal investment in mutual funds? (in Rs)
1000-5000 5000-10000 10000-2500 25000-50000
50000-100000 100000-200000 200000-500000 Above
500000
Do you want any extra service from your company?
……………………………………………………………………………………………………………
………………..
Date: Phone:
35
NAME-
BANK NAME-
DESIGNATION-
DATE OF JOINING-
INVESTMENT DETAIL-
1-Upper level
2-Middle level
3-Lower level
Bank name
Location
Number of schemes
Investment amount
Recent schemes
Collected amount
36
INTRODUCTION-
The purpose and nature of this project is to find out the following
things-
Number of people in Delhi who know about share market and mutual
funds?
Age discrimination- which age people are more aware to equity markets?
How they select that company. Means are they satisfied with that
company?
37
RESULT AND FINDINGS
140
140
120
100
80
60 AWARE
60
40
20
0
YES NO
30%
YES
NO
70%
38
How you know the share market?
90 90
80
70
60
50
Number
40
30 30 Others
20
10 10
5 5
0
Investor T.V Friend N.paper Others
4%
21% Investor
T.V
Friend
7% N.paper
4% 64%
Others
39
If you don’t know the share market,why?
20
20
17
15
10
10 9
Number
5 4
0
No interest Unaware F.problem Education Not secure
market market
40
How much year knowledge do you have of share market?
70 68
60
50
40
32
30 Time
25
20 15
10
0
>1year 1-3year 3-5year <5year
23% 11%
18% >1year
1-3year
3-5year
<5year
48%
41
Which type of investment do you have in the share market?
80
80
70
60
60
50
40
Number
30
20
10
0 0
0
Mutual fund Equity Commodity Future/option
0%
42
40
40 38
35 Stan.c
35
ABN AMRO
30 HDFC
25 ICICI
20 Kotak
15 Franklin
9 HSBC
10
5 SBI
5 3 4 3
2 1 Reliance
0 Others
Numbers
Stan.C
ABN AMRO
4%
29% HDFC
27%
ICICI
Kotak
Franklin
2% HSBC
1%
3%
1% 6% 25% SBI
2%
Reliance
Others
43
12 12
12
10
8 Only heard
8
Better services
6 5 Specific field
Growth Rate
4 3
Convenience
2 Less brokerage
0
Numbers
8% 0%
20% Only heard
30% Better services
Specific field
Growth Rate
Convenience
29%
13% Less brokerage
44
35
35
30
25
20
15 Numbers
10
5 2 2
1
0
Representative Advertisment Reference Own research
5%
5% 3%
Representative
Advertisment
Reference
Own research
87%
45
30 28
25
20
15
Number
10 9
5
2 1 0
0
Excellent Very good Good Fair Poor
3%0% 5%
23%
Excellent
Very good
Good
Fair
Poor
69%
46
120 110
100
80
60
44 NUMBERS
40 30
20 16
0
STAN.C RELIANCE FRANKLIN DSPML
8%
22%
STAN.C
RELIANCE
FRANKLIN
15% DSPML
55%
47
120 110
100
80
60
NUMBER
40 30
20
0
SIP LUMP SUM
21%
SIP
LUM P SUM
79%
48
What is the normal investment in mutual funds?
60 58
50
40 40
30
NUMBERS
20 18 17
10
5
1 1 0
0
1k-5k 5k-10k 10k-25k 25k-50k 50k-1L 1L-2L 2L-5L 5L<
4% 1%
10%% 1k-5k
12% 13%
5k-10k
10k-25k
25k-50k
50k-1L
29%
1L-2L
40% 2L-5L
5L<
49
Which age is aggressive in investment?
78
80
70
60
50
40
40
Numbers
30 22
20
10
0
18-35 year 35-50year 50 &above
29%
18-35 year
35-50year
55% 50 &above
16%
50
100 93
80
60
40 Numbers
20 19
8 12 8
0
Employed Self Business Profession House
employed wife
9% 6%
Employed
14%
Self employed
Business
Profession
6% 65% House wife
51
132
140
120
100
80
60 Numbers
40
20 8
0
Male Female
6%
Male
Female
94%
52
increased.
First-
53
Summary Info
Fund Name : Standard Chartered
Mutual Fund
AMC : Standard Chartered
Asset Management
Company Ltd
Type : Open
Category : Equity - Diversified
Launch Date : 27-Jun-05
Fund Manager : Bobby Surendera
Nath
Net Assets:(Rs. 667.8
cr)
NAV Details
NAV Date 16-Jun-06
NAV : 11.41
Buy/Resale 11.67
Price :
Sell/Repurchase 11.41
Price :
Latest Payouts Tax benefits : N.A
Dividends Bonus Min. Investment(Rs.) : 5000
Ratio N.A N.A. Increm.Investment(Rs.) 1
Date N.A N.A. :
Performance(%) 16-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
Scheme Return -21.09 -16.35 -3.22 0.00 0.00 0.00
Category Avg -21.61 -16.13 -0.33 33.11 51.03 34.19
Category Best -8.68 -4.22 28.21 79.89 84.10 56.70
Category Worst -30.49 -30.20 -21.66 -4.19 12.91 7.56
54
Asset Allocation Top 10 Holdings Date : 31-May-06
6.25% 92.05% 1.70%
Company % Hold
Name
Other Equities 6.05
Reliance Inds. 5.50
Infosys Tech. 5.03
ONGC 4.81
Cash & Net Curr M&M 3.98
Cash Equity Ass/Net BHEL 3.45
Equivalents Receivables Larsen & Toubro 3.43
ITC 3.20
Subex Systems 3.14
Siemens 3.03
Second-
Summary Info
55
Ltd
Type : Close Ended
Category : Equity - Diversified
Launch Date : 19-Apr-06
Fund Manager : Kenneth Andrade
Net Assets:(Rs. 0
cr)
NAV Details
NAV Date 17-Jul-06
NAV : 10.22
Buy/Resale 10.22
Price :
Sell/Repurchase 10.22
Price :
Latest Payouts Investment Details
Dividends Bonus Tax benefits : N.A
Ratio N.A N.A. Min. Investment(Rs.) : 5000
Date N.A N.A. Increm.Investment(Rs.) 1
:
Performance(%) 15-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
Scheme Return 0.00 0.00 0.00 0.00 0.00 0.00
Category Avg -21.61 -16.13 -0.33 33.11 51.03 34.19
Category Best -8.68 -4.22 28.21 79.89 84.10 56.70
Category Worst -30.49 -30.20 -21.66 -4.19 12.91 7.56
Stan Chart Imperial Equity Fund (D) Snapshot
Summary Info
Fund Name : Standard Chartered
Mutual Fund
AMC : Standard Chartered Asset
Management Company
Ltd
Type : Open
Category : Equity - Diversified
Launch Date : 30-Jan-06
Fund Manager : Kenneth Andrade
Net Assets:(Rs. 380.93
cr)
NAV Details
56
NAV Date 16-Jun-06
NAV : 9.01
Buy/Resale 9.21
Price :
Sell/Repurchase 9.01
Price :
Latest Payouts Investment Details
Dividends Bonus Tax benefits : N.A
Ratio N.A N.A. Min. Investment(Rs.) : 5000
Date N.A N.A. Increm.Investment(Rs.) 1
:
Performance(%) 16-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
Scheme Return -19.05 -9.90 0.00 0.00 0.00 0.00
Category Avg -21.61 -16.13 -0.33 33.11 51.03 34.19
Category Best -8.68 -4.22 28.21 79.89 84.10 56.70
Category Worst -30.49 -30.20 -21.66 -4.19 12.91 7.56
57
Fourth-
Summary Info
Fund Name : Standard Chartered
Mutual Fund
AMC : Standard Chartered
Asset Management
Company Ltd
Type : Open
Category : Equity - Diversified
Launch Date : 5-Sep-05
Fund Manager : Ajay Bodke
Net Assets:(Rs. 255.93
cr)
NAV Details
NAV Date 16-Jun-06
NAV : 9.30
Buy/Resale 9.51
Price :
58
Sell/Repurchase 9.30
Price :
Latest Payouts Investment Details
Dividends Bonus Tax benefits : N.A
Ratio N.A N.A. Min. Investment(Rs.) : 25000
Date N.A N.A. Increm.Investment(Rs.) 1
:
Performance(%) 16-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
Scheme Return -30.49 -21.98 -5.68 0.00 0.00 0.00
Category Avg -21.61 -16.13 -0.33 33.11 51.03 34.19
Category Best -8.68 -4.22 28.21 79.89 84.10 56.70
Category Worst -30.49 -30.20 -21.66 -4.19 12.91 7.56
59
ABN AMRO EQUITY FUND-
Performance(%) 19-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
60
Scheme Return -14.04 -27.76 -13.98 23.32 0.00 0.00
Category Avg -13.81 -14.67 0.25 36.45 50.50 34.60
Category Best -1.76 -2.17 28.45 83.69 83.57 57.50
Category Worst -23.79 -29.37 -20.32 0.18 13.65 7.98
61
PRUDENTIAL ICICI MUTUAL FUND-
Summary Info
Fund Name : Prudential ICICI Mutual
Fund
AMC : Prudential ICICI Asset
Management Co
Type : Open
Category : Equity - Diversified
Launch Date : 6-Sep-04
Fund Anil Sarin
Manager :
Net Assets: 955.11
(Rs. cr)
NAV Details
NAV Date 19-Jun-06
NAV : 16.00
Buy/Resale 16.36
Price :
Sell/Repurchase 16.00
Price :
Latest Payouts Investment Details
Dividends Bonus Tax benefits : N.A
Ratio 30 % N.A. Min. Investment(Rs.) : 100000
Date 15-May-06 N.A. Increm.Investment(Rs.) 1
:
Performance(%) 19-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
62
Scheme Return -20.32 -17.75 -0.48 46.11 0.00 0.00
Category Avg -13.81 -14.67 0.25 36.45 50.50 34.60
Category Best -1.76 -2.17 28.45 83.69 83.57 57.50
Category Worst -23.79 -29.37 -20.32 0.18 13.65 7.98
63
HDFC Core & Satellite Fund (D) Snapshot
Summary Info
Fund Name : HDFC Mutual Fund
AMC : HDFC Asset
Management Company
Ltd
Type : Open
Category : Equity - Diversified
Launch Date : 20-Aug-04
Fund Manager : Dhawal Mehta
Net Assets:(Rs. 737.59
cr)
NAV Details
NAV Date 19-Jun-06
NAV : 17.71
Buy/Resale N.A
Price :
Sell/Repurchase N.A
Price :
Latest Payouts Investment Details
Dividends Bonus Tax benefits : N.A
Ratio 22.5 % N.A. Min. Investment(Rs.) : 5000
Date 13-Jan-06 N.A. Increm.Investment(Rs.) 100
:
Performance(%) 19-Jun-06
1 Mth 3 Mth 6 Mth 1 Yr 3 Yr 5 Yr
Scheme Return -12.54 -11.90 6.69 50.77 0.00 0.00
Category Avg -13.81 -14.67 0.25 36.45 50.50 34.60
Category Best -1.76 -2.17 28.45 83.69 83.57 57.50
Category Worst -23.79 -29.37 -20.32 0.18 13.65 7.98
Company % Hold
Name
Infosys Tech. 7.10
64
98.05% 5.40% - Satyam Computer 6.80
3.45% Crompton 6.32
Greaves
ITC 6.00
Tata Motors 5.88
Hind.Zinc 5.87
Hindalco Inds. 5.83
BHEL 5.81
Money Net Curr
St Bk of India 5.19
Equity Market Ass/Net
Reliance Inds. 5.17
Instruments Receivables
65
Net
Gross Purchase/ Gross Gross Net Purchase/
Purchase Gross Sales Sales Purchase Sales Sales
Jan 2000-March
2000. 11070.54 11492.19 -421.65 2764.72 1864.29 900.43
April 2000 -March
2001. 17375.78 20142.76 -2766.98 13512.17 8488.68 5023.49
April 2001-March
2002. 12098.11 15893.99 -3795.88 33583.64 22624.42 10959.22
April 2002-March
2003 14520.89 16587.59 -2066.7 46663.83 34059.41 12604.42
April 2003-March
2004 36663.58 35355.67 1307.91 63169.93 40469.18 22700.75
April 2004-March
2005 45045.25 44597.23 448.02 62186.46 45199.17 16987.29
April 2005-March
2006 100389.3 86083.64 14305.66 109622.5 73003.67 36618.84
April 2006. 12752.47 9631.91 3120.56 11227.96 6800.08 4427.88
May 2006. 18345.43 10452.07 7893.36 15386.47 7774.06 7612.41
June 2006 (upto
19th) 4336.33 6515.26 -2178.93 9203.9 5375.13 3828.77
Total (April - June
'06) 35434.23 26599.24 8834.99 35818.33 19949.27 15869.06
66
Equity (Rs in crores) Debt (Rs in crores)
Net Net
Gross Gross Purchases Gross Gross Purchases/
Transaction Date Purchases Sales / Sales Purchases Sales Sales
01.06.06 496.74 371.15 125.59 621.34 734.37 -113.03
02.06.06 363.81 473.24 -109.43 264.41 233.91 30.5
05.06.06 219.86 637.28 -417.42 120.11 288.19 -168.08
06.06.06 323.36 581.07 -257.71 367.79 283.21 84.58
07.06.06 296.5 514.07 -217.57 652.08 517.65 134.43
08.06.06 475.92 707.4 -231.48 668.4 335.37 333.03
09.06.06 362.06 664.85 -302.79 1184.44 474.34 710.1
12.06.06 256.38 268.78 -12.4 961.77 244.02 717.75
13.06.06 143.54 435.91 -292.37 983.33 419.57 563.76
14.06.06 126.99 465.2 -338.21 887.31 578.83 308.48
15.06.06 461.75 454.6 7.15 933 596.66 336.34
16.06.06 517.62 597.25 -79.63 430.85 357.43 73.42
19.06.06 291.8 344.46 -52.66 1129.07 311.58 817.49
Total 4336.33 6515.26 -2178.93 9203.9 5375.13 3828.77
NUMBER CRUNCHING
67
Just 10% professionals and businessmen invested in shares
22% in NSC/NSS/PPF
11%in MFs,
10% in equities
9% in pension plans
1% in debentures.
68
⇒ Increasing rate of coming IPO, s shows the development of Indian
economy as well as of equity markets.
69
CONCLUSION / REASONS–
70
⇒ The government policy would lead to more capital inflows to real
estate.
⇒ A large young population will graduate into the working class over
the next decade.
Cement
Steel
Capital goods/other equipment
APPENDICES-
71
Daily bull guide chart
IPO numbers
BIBLIOGRAPHY-
72
By self prepared questionnaire.
www.standardcharteredmf.com
www.utibank.com
GLOSSARY
73
STAN.C- Standard Chartered Bank
74
ON THE JOB
TRAINING
75
ON THE JOB TRAINING
1 OBJECTIVE
2 TARGET/TASK
3 STRATEGY
4 ACHIEVEMENTS
6 LIMITATION
7 CONCLUSION
76
ON THE JOB TRAINING-
I have gotten on the job training as to sell mutual funds in Delhi State.
In this OJT i have to walk around 100 to 200 km daily for attending
the appointments. In this OJT I have to work with ABN AMRO Bank
as a representative of Standard Chartered Bank and to sell the
mutual fund of both the banks.
Objective-
77
etc.
Target –
Strategy-
78
I always tries to find the investors interest then provide him
investment option according to his interest.
Achievement-
79
field.
Mid-course correction-
There is no any mid course correction for the target but i myself
has decided the new target for me to sell the mutual fund of six
lakh rupee in my four month of SIP.
Limitations-
This on the job training is limited to sell the mutual fund only. we are
focusing only to sell the mutual fund in spite we are getting other
customers like credit card, insurance etc. we transfers it to the other
employees.
Problems I face-
80
lunch and i passed day without lunch.
81
Conclusion-
If I will get bike then I can show just double of this OJT
Now I can say that after getting four months training from ICFAI
82