University of Mumbai
A Project Report on “PROS “PROS & CONS OF INVESTMENT IN MUTUAL FUNDS AS COMPARED COMPARED TO BANK FIXED DEPOSITES” Submitted by NAME
ROLL NO
Prashantha Prashant ha Poojary Sona$i Sa$ve
F.Y. F.Y.MMS MMS
MS!"!#
F.Y. F.Y.MMS
MS!"!%
&han'ha$ Sharma
F.Y. F.Y.MMS
MS!""(
)ee*a+ Shinde
F.Y. F.Y.MMS MMS
MS!""!
Pooja Sin,h
F.Y. F.Y.MMS MMS
MS!""%
Under the ,uidan'e of Prof. Shri*ad -a*at -at'h (! / (#
0NS101U1E OF MANA2EMEN1 3 &OMPU1ER S1U)0ES &4!5 6A2LE ES1A1E5 NEAR MULUN) &7E&8 NA8A517ANE9:; / !#!.
!
&ER10F0&A1E Cert"#e$ t%t t%e t% e Project 'or( ent"t)e$ “TO DO COMPARA COMPARATIVE TIVE ANAL*SIS ANAL*SIS IN MUTUAL FUND INVESTMENT AS A+AINST BANK FIXED DEPOSIT” DEPOSIT” S,-."tte$ -/ +ro,p no01 2#nnce3 %4"n5 Ro)) no6 789 7:9;<9;7 & ;: =or "ntern) 66e66.ent o= MMS !6t *EAR co,r6e =or Se.e6ter Se.e6ter IIn$ o>ere$ -/ IMCOST9 T%ne ?)"te$ to M,.-" Un"4er6"t/ $,r"n5 t%e c$e."c /er <0!7 @ <0!8 "6 or"5"n) 'or( crr"e$ o,t -/ t%e 6t,$ent6 ,n$er ./ 6,per4"6"on9 n$ t%"6 'or( %6 not =or.e$ t%e -6"6 =or t%e 'r$ o= n/ De5ree9 D"p)o. or 6,c% ot%er t"t)e6
Dte
N.e o= +,"$e Pro= Pro= Mr Mr S%r"p$ Bpt
In6t"t,t"on A$$re66 IMCOST9 C79 Ner M,),n$ C%ec( N(9 Opp APLAB Co9 T%ne 23 @ 700807
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)E&LARA10ON 6e5 the undersi,ned5 hereby de'$are that the *roje't re*ort entit$ed “TO DO
COMPAR COMPARA ATIVE ANAL ANAL*SIS IN MUTUAL MUTUAL FUND INVESTME INVESTMENT NT AS A+AINS A+AINST T BANK FIXED DEPOSIT”
Submitted by us to the institute under the ,uidan'e of Prof. Shri*ad -a*at
is our ori,ina$ :or+ and the 'on'$usions dra:n therein are based on the materia$ 'o$$e'ted by ourse$ves. ourse$ves. 1he Re*ort submitted is our o:n :or+ and has not been du*$i'ated from any other sour'e. 6e sha$$ be res*onsib$e for any un*$easant moment
Si,nature of the 2rou* Members
Name= Prashantha Poojary Poojary Ro$$ No. MS!"!#
Name= Sona$i Sa$ve Ro$$ No.MS!"!%
Name= &han'ha$ Sharma Sharma Ro$$ No.MS!""(
Name= )ee*a+ Shinde Ro$$ No.MS!""!
Name= Pooja Sin,h
1
Ro$$ No.MS!""%
A&8NO6LE)2EMEN1 A 6,cce66=,) Project "6 t%e re6,)t o= te. 'or( n$ coor$"nt"on t%t "nc),$e6 not on)/ t%e 5ro,p o= $e4e)oper6 '%o p,t =ort% t%e "$e69 )o5"c n$ e>ort6 -,t )6o t%o6e '%o 5,"$e t%e. So9 t t%e co.p)et"on o= t%e project9 'e =ee) o-)"5e$ to etent o,r 5rt"t,$e to'r$6 )) t%o6e '%o .$e 4),-)e contr"-,t"on6 t%ro,5%o,t o,r 4r"o,6 6t5e6 "n Project $r=t per"o$ e epre66 o,r pro=o,n$ 6en6e o= 5rt"t,$e n$ 6"ncere t%n(6 to o,r D"rector9 DrNSA =or en-)"n5 ,6 to ,n$ert(e 6,c% n ece))ent project9 '%"c% .$e ,6 to cG,"re tre.en$o,6 (no')e$5e n$ 6e)= con#$ence e eten$ o,r 6pec") t%n(6 to Pro= S%r"p$ Bpt9 2Project +,"$e3 '%o 54e ,6 'on$er=,) opport,n"t/ to 6e)ect n$ 'or( on t%"6 top"c n$ ,n$er6tn$ t%e c%))en5e6 '%"c% 'e =ce "n o,r creer pt% '%")e $e)"n5 '"t% peop)e n$ t%e co.p)e"t"e6 co.p)e"t"e6 o= t%e jo- n$ =or %"6 4),-)e 5,"$nce n$ "np,t6 '%"c% %e)pe$ ,6 to 6e)ect n$ =oc,6 o,r 'or( on t%"6 project e 'o,) 'o,)$ $ )6o )6o )"( )"(e to t%n t%n( ( )) )) tec tec%" %"n5 n5 n$ n$ nont nonte ec% c%"n "n5 5 6t> 6t> o= IMCOST9 =or t%e"r 4),-)e 5,"$nce n$ "np,t6 '%"c% %e)pe$ ,6 to 6e)ect n$ =oc,6 o,r 'or( on t%"6 project A)6o 'e 'o,)$ )"(e to t%n(6 to o,r ent"re pro=e66or '%o re not $"rect)/ 6,pporte$ =or t%e project -,t "n$"rect)/ .$e 6,pport on t%e '/ o= ".pro4 ".pro4e.en e.entt "n pre6ent pre6entt"on t"on 6("))69 6("))69 $eep (no')e$5 (no')e$5e e 6%r"n5 6%r"n5 5"n6t 5"n6t 7
to$/H6 -,6"ne66 en4"ron.ent 6 'e)) 6 co.pet"t"4e 'or)$ n$ c,rrent ,p$te6 e re 4er/ .,c% t%n(=,) o,r prent6 n$ =r"en$6 =or t%e"r cont"n,o,6 6,pport
0N)E> SR NO.
1A-LE OF &ON1EN1S
PA2E NO.
!
CAPTER I @ INTRODUCTION 2BANK FIXED DEPOSIT3 CAPTER II @ INTRODUCTION 2MUTUAL FUND3 CAPTER III RESEARC METODOLO+* CAPTER IV @ CONCLUSION & RECOMMENDATION BIBLIO+RAP* ANNEXURES
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< 1 7 ; 8
8 !; 1< 17
;
L0S1 OF 1A-LES
1A-LE NO.
101LE OF 17E 1A-LES
PA2E NO.
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T*PES OF MUTUAL FUNDS MUTUAL FUND VS BANK FIXED DEPOSIT TOP !0 MUTUAL FUNDS INVESTORS TINK RISKEST INVESTMENT PRODUCT A+E +ROUP KIND OF INVESTMENT INVESTMENT OPTION REASON OF INVESTMENT FACTORS CONSIDERED FOR INVESTMENT MORE RISK* KONLED+E OF SCEME BENEFECIAL SECTOR FOR INVESTORS INVESTMENT T*PE INVESTMENT OPTION RECOMMEND
!7 !7 !
1< 11 17 1; 18 1J 1 1: 1!0 1!!
<< <1 <7 <; <8
8
E>E&U10?E SUMMARY A 5ro'"n5 In$" o>er6 opport,n"t/ cro66 t%e 4r"o,6 "n4e6t.ent69 6,-6tnt") prt o= #nnc") 'e)t% T%ere=ore "n4e6t.ent p)/6 n ".portnt ro)e "n 5ro't% o= t%e6e econo."e6 A)6o t%ere "6 rp"$ 5ro't% "n "nco.e o= peop)e6 "n In$" $,e to 6o.e =ctor6 -ec,6e o= t%"6 "n4e6t.ent "6 "ncre6e$ $/ -/ $/ "n 4r"o,6 "n4e6t.ent opt"on6 A6 "nco.e rn5e rp"$)/ "ncre6"n5 t%ere "6 nee$ to "ncre6e 'rene66 .on5 t%e peop)e re)te$ '"t% 4r"o,6 "n4e6t.ent opt"on n$ $">erent 6c%e.e6 T%e project "6 n tte.pt to 6t,$/ or 'rene66 .on5 t%e peop)e re)te$ '"t% 6o.e "n4e6t.ent opt"on n$ )6o t%e pre=erence o= peop)e '%")e ".p)e.ent"n5 t%e 6.e It pro4"$e6 t%oro,5% (no')e$5e o= $">erent 6pect6 re)te$ '"t% t%e -e%4"or o= peop)e =or .,t,) =,n$ 6 co.pre to -n( #e$ $epo6"t T%e report "6 $"4"$e$ "n =o,r prt6 T%e #r6t prt "6 $e)"n5 '"t% "n=or.t"on re)te$ '"t% $4nt5e n$ $"6$4nt5e Bn( #e$ $epo6"t Secon$ "6 concept o= $4nt5e n$ $"6$4nt5e .,t,) =,n$ T%"r$ "6 concept o= re6erc% .et%o$o)o5/ Fo,rt% $e)6 '"t% "nterprett"on o= $t co))ecte$ Mo6t o= .etro c"t"e6 peop)e )"(e to p,t t%e .one/ "n .r(et re)te$ 6c%e.e6 "n6te$ o= $,.p"n5 "t "n t%e -n( )oc(er69 6o "t "6 G,"te o-4"o,6 t%t t%e/ 'nt to "n4e6t t%e"r .one/ "n pro#t-)e 4ent,re B,t J
6t")) peop)e pre=er to 5o =or tr$"t"on) 6c%e.e6 6 'e)) =or 6=et/ n$ 6ec,r"t/ p,rpo6e No' $/H6 peop)e -eco.e .ore 6en6"-)e '%")e c%oo6"n5 n/ t/pe o= "n4e6t.ent It "6 .ore ".portnt to %4e 5oo$ (no')e$5e n$ ,n$er6tn$"n5 re)te$ '"t% 6,c% 6c%e.e '%"c% '")) %e)p to c%oo6e -etter n$ 6=et/ "n4e6t.ent too)6
&7AP1ER 0 0N1RO)U&10ON
. -AN8 F0>E) )EPOS01= A #e$ $epo6"t "6 #nnc") "n6tr,.ent pro4"$e$ -/ -n(6 '%"c% pro4"$e6 "n4e6tor6 '"t% %"5%er rte o= "ntere6t t%n re5,)r 64"n5 cco,nt9 ,nt") t%e $te o= .t,r"t/ $te It ./ or ./ not reG,"re t%e cret"on o= 6eprte cco,nt It "6 )6o ter. 6 TERM OR TIME Depo6"t T%e/ re con6"$ere$ to -e 4er/ 6=e "n4e6t.ent 6 "t $enote6 )r5er c)66 o= "n4e6t.ent6 '"t% 4r/"n5 )e4e)6 o= )"G,"$"t/ ere9 "ntere6t rte 4r"e6 -et'een =ro. 7 to !! percent T%e ten,re o= F"e$ Depo6"t 4r/ =ro. J9 !;9 or 7; $/6 to !; /er6 n$ cn -e %"5% 6 !0 /er6
.( 1YPES OF F0>E) )EPOS01 =
-AS0&ALLY 17ERE ARE 16O 1YPES OF )EPOS01=
A )EMAN) )EPOS01=4 T%e .one/ 'e (eep "n o,r 64"n5 cco,nt6 "6 )"(e .e$",. o= ec%n5e n$ t%"6 "6 c))e$ De.n$ Depo6"t T%ere "6 no #e$ ter. to .t,r"t/ =or $e.n$ $epo6"t6 B TIME DEPOSIT I= 'e $epo6"t o,r .one/ %6 n FD "n t%e -n( "t -eco.e6 T".e Depo6"t on '%"c% No c%eG,e "6 $r'n T%e/ re p"$ on .t,r"t/ t prt"c,)r t".e
F0>E) )EPOS01=4 A #e$ rte o= "ntere6t "6 p"$ t #e$9 re5,)r "nter4)6 - RE&URR0N2 )EPOS01=4 F"e$ .o,nt "6 $epo6"te$ t re5,)r "nter4)6 =or #e$ ter. n$ t%e rep/.ent o= pr"nc"p) n$ cc,.,)te$ "ntere6t "6 .$e t t%e en$ o= t%e ter.
:
.@ A)?AN1A2ES OF -AN8 F0>E) )EPOS01=
A SAFE1Y =4 T%e #e$ $epo6"t6 o= rep,te$ -n(6 n$ #nnc") "n6t"t,t"on re5,)te$ -/ RBI t%e -n("n5 re5,)tor "n In$" re 4er/ 6ec,re n$ con6"$ere$ 6 one o= t%e 6=e6t "n4e6t.ent .et%o$6
B RE2ULAR 0N&OME=4 F"e$ $epo6"t ern #e$ "ntere6t rte6 =or t%e"r ent"re ten,re9 '%"c% "6 ,6,))/ co.po,n$e$ G,rter)/ So9 t%o6e '%o 'nt n "nco.e on re5,)r -6"6 cn "n4e6t "nto #e$ $epo6"t n$ ,6e t%e "ntere6t rte 6 t%e"r "nco.e T%"6 .(e6 #e$ $epo6"t 4er/ pop,)r '/ o= "n4e6t"n5 .one/ =or ret"ree6
C L0U0)01Y=4 Bn( $epo6"t6 %4e 5oo$ )"G,"$"t/ T%e/ cn -e c)o6e$ n$ t%e pr"nc"p) '"t%$r'n '"t%"n =e' %o,r6 "n 6o.e -n(6 to co,p)e o= $/6 "n ot%er6
T%e ot%er opt"on "6 to t(e )on on t%e #e$ $epo6"t Bn(6 )en$ ,p to :0 o= t%e pr"nc"p) o= t%e $epo6"t Intere6t c%r5e$ =or t%"6 "6 on)/ -o,t ! to < per cent n$ on)/ =or t%e per"o$ t%t 'e %4e ,6e$ t%e c6% 2T%e =et,re 'or(6 )"(e n o4er$r=t 5"n6t t%e #e$ $epo6"t3
!0
.! )0SA)?AN1A2ES OF -AN8 F0>E) )EPOS01=
A &AP01AL APPRE&0A10ON=4 Cp"t) pprec"t"on $oe6 not pp)/ to -n( #e$ $epo6"t6 On)/ t%e pr"nc"p) "n4e6te$ "6 ret,rne$ -c( t t%e t".e o= .t,r"t/
B 1A> 1REA1MEN1=4 Bn( #e$ $epo6"t6 re not t e?c"ent T%e "ntere6t "6 te$ A)6o t%ere "6 no -ene#t =ro. .("n5 t%e "n4e6t.ent T%ere re t%e ;/er -n( $epo6"t6 2t 64"n53 t%t 5"4e -ene#t ,n$er 6ect"on 0C o= t%e Inco.e T Act B,t t%e -ene#t6 6,c% 6 prt") '"t%$r') or c)o6,re9 n$ )on =c")"t/ re not 4")-)e T%e $epo6"t rte6 re )6o )o'er co.pre$ to t%e nor.) #e$ $epo6"t6 T%"6 e>ect"4e)/ ne5te6 t%e t 64e$
C R0S8=4 Per%p6 t%e ."n re6on =or "n4e6t.ent "n -n( $epo6"t6 "6 6=et/ o= t%e pr"nc"p) T%e cp"t) 2on)/ ,p to R6!9009000 t%o,5%3 %6 t%e %"5%e6t 6=et/ co.pre$ to n/ ot%er "n4e6t.ent 6 "t "6 5,rntee$ -/ t%e Depo6"t In6,rnce & Cre$"t +,rntee Sc%e.e o= In$" A)) -n(6 opert"n5 "n In$" re co4ere$ ,n$er t%"6 6c%e.e
!!
." 0N S7OR1 T%e r"6( =ce$ '%en "n4e6t"n5 "n -n( $epo6"t6 "6 t%e "ntere6t rte r"6( T%"6 "6 66oc"te$ '"t% t%e )o6t opport,n"t/ to "n4e6t "n n "n6tr,.ent t%t %6 %"5%er ret,rn +ett"n5 o,t o= #e$ $epo6"t cn -e co6t)/ 2,p to ! per cent o= t%e pr"nc"p)39 '%en 'e e"t pre.t,re)/ So 'e ./ %4e to =or5o potent") ern"n56 '%en t%e "ntere6t rte %6 r"6en on)/ -/ -o,t ! per cent T%e %"5%e6t r"6( =ce$ '"t% #e$ $epo6"t6 "6 t%e e>ect o= "nt"on T%e re) ret,rn =ter $j,6t"n5 =or "nt"on "6 4er/ )e66 or 6o.et".e6 ne5t"4e =or #e$ $epo6"t6 o= -n(6 T%"6 "6 -"5 -,r$en9 prt"c,)r)/ =or ret"re$ peop)e9 '%o %4e "n4e6te$ t%e"r ret"re.ent procee$6 to 5et re5,)r "nco.e T%e"r "nco.e ./ -e re5,)r n$ 6te$/ -,t t%e .one/6 'ort% (eep6 5o"n5 $o'n $,r"n5 t%e ten,re o= t%e #e$ $epo6"t T%e -n( $epo6"t pr".r")/ 6er4e6 ,6 to pre6er4e cp"t) Bn(6 no'$/6 %4e $$e$ )ot o= $$"t"on) -ene#t6 to t%e tr$"t"on))/ -en"5n 6er4"ce Ret"re$ peop)e co,)$ .(e t%e -e6t ,6e o= t%"6 4en,e =or 6ec,r"n5 #e$ n$ 6te$/ "nco.e T%e c,t"on "6 not to ,6e t%e #e$ $epo6"t 6 )on5 ter. "n4e6t.ent 4en,e T%e re6on "6 t%t t%e re) ret,rn "6 4er/ )e66 '%en $j,6te$ =or "nt"on T%e t tret.ent o= t%e "ntere6t )6o et6 "nto t%e ret,rn6
!<
&7AP1ER 00 0N1RO)U&10ON (. MU1UAL FUN) T%e #r6t "ntro$,ct"on o= .,t,) =,n$ "n In$" occ,rre$ "n !:8!9 '%en t%e +o4ern.ent o= In$" ),nc%e$ Un"t Tr,6t o= In$" 2UTI3 Unt") !:J9 UTI enjo/e$ .onopo)/ "n t%e In$"n .,t,) =,n$ .r(et T%en %o6t o= ot%er 5o4ern.entcontro))e$ In$"n #nnc") co.pn"e6 c.e ,p '"t% t%e"r o'n =,n$6 T%e6e "nc),$e$ Stte Bn( o= In$"9 Cnr Bn(9 n$ P,nj- Nt"on) Bn( T%"6 .r(et '6 .$e open to pr"4te p)/er6 "n !::1 A6 re6,)t o= t%e %"6tor"c con6t"t,t"on) .en$.ent6 -ro,5%t =or'r$ -/ t%e t%en Con5re66)e$ 5o4ern.ent ,n$er t%e e"6t"n5 re5".e o= L"-er)"t"on9 Pr"4t"t"on n$ +)o-)"t"on 2LP+3 T%e #r6t pr"4te 6ector =,n$ to operte "n In$" '6 Kot%r" P"oneer9 '%"c% )ter .er5e$ '"t% Frn()"n Te.p)eton An "n4e6t.ent 4e%"c)e t%t "6 .$e ,p o= poo) o= =,n$6 co))ecte$ =ro. .n/ "n4e6tor6 =or t%e p,rpo6e o= "n4e6t"n5 "n 6ec,r"t"e6 6,c% 6 6toc(69 -on$69 .one/ .r(et "n6tr,.ent6 n$ 6".")r 66et6 M,t,) =,n$6 re operte$ -/ .one/ .n5er69 '%o "n4e6t t%e =,n$6 cp"t) n$ tte.pt to pro$,ce cp"t) 5"n6 n$ "nco.e =or t%e =,n$6 "n4e6tor6 A .,t,) =,n$6 port=o)"o "6 6tr,ct,re$ n$ ."nt"ne$ to .tc% t%e "n4e6t.ent o-ject"4e6 One o= t%e ."n $4nt5e6 o= .,t,) =,n$6 "6 t%t t%e/ 5"4e 6.)) "n4e6tor6 cce66 to pro=e66"on))/ .n5e$9 $"4er6"#e$ port=o)"o6 o= eG,"t"e69 -on$6 n$ ot%er 6ec,r"t"e69 '%"c% 'o,)$ -e G,"te $"?c,)t 2"= not ".po66"-)e3 to crete '"t% 6.)) .o,nt o= cp"t) Ec% 6%re%o)$er prt"c"pte6 proport"on))/ "n t%e 5"n or !1
)o66 o= t%e =,n$ M,t,) =,n$ ,n"t69 or 6%re69 re "66,e$ n$ cn t/p"c))/ -e p,rc%6e$ or re$ee.e$ 6 nee$e$ t t%e =,n$6 c,rrent net 66et 4),e 2NAV3 per 6%re9 '%"c% "6 6o.et".e6 epre66e$ 6 NAVPS
(.( NE1 ASSE1 ?ALUE / NA? A .,t,) =,n$6 pr"ce per ,n"t69 t%e per ,n"t6 R,pee .o,nt o= t%e =,n$ "6 c)c,)te$ -/ $"4"$"n5 t%e tot) 4),e o= )) t%e 6ec,r"t"e6 "n "t6 port=o)"o9 )e66 n/ )"-")"t"e69 -/ t%e n,.-er o= =,n$ ,n"t6 o,t6tn$"n5 In t%e contet o= .,t,) =,n$69 NAV per ,n"t6 "6 co.p,te$ once $/ -6e$ on t%e c)o6"n5 .r(et pr"ce6 o= t%e 6ec,r"t"e6 "n t%e =,n$H6 port=o)"o A)) .,t,) =,n$6 -,/ n$ 6e)) or$er6 re proce66e$ t t%e NAV o= t%e tr$e $te
!7
(.@ 1YPES AN) 80N)S OF MU1UAL FUN)S F02 (. 1YPES OF MU1UAL FUN)S
! OPEN4EN)E)=4 T%"6 6c%e.e ))o'6 "n4e6tor6 to -,/ or 6e)) ,n"t6 t n/ po"nt "n t".e T%"6 $oe6 not %4e #e$ .t,r"t/ $te
A )E-1< 0N&OME
A .jor prt o= t%e "n4e6t-)e =,n$ "6 c%nne)"e$ to'r$6 $e-ent,re69 5o4ern.ent 6ec,r"t"e69 n$ ot%er $e-t "n6tr,.ent6 A)t%o,5% cp"t) pprec"t"on "6 )o' 2co.pre$ to t%e eG,"t/ .,t,) =,n$639 t%"6 "6 re)t"4e)/
!;
)o' r"6()o' ret,rn "n4e6t.ent 4en,e '%"c% "6 "$e) =or "n4e6tor6 6ee"n5 6te$/ "nco.e
B MONEY MAR8E1< L0U0)=4 T%"6 "6 "$e) =or "n4e6tor6 )oo("n5 to ,t")"e t%e"r 6,rp),6 =,n$6 "n 6%ort ter. "n6tr,.ent6 '%")e '"t"n5 -etter opt"on6 T%e6e 6c%e.e6 "n4e6t "n 6%ortter. $e-t "n6tr,.ent6 n$ 6ee( to pro4"$e re6on-)e ret,rn6 =or t%e "n4e6tor6
C EU01Y< 2RO617=4 EG,"t"e6 re pop,)r .,t,) =,n$ cte5or/ .on56t ret") "n4e6tor6 A)t%o,5% "t co,)$ -e %"5%r"6( "n4e6t.ent "n t%e 6%ort ter.9 "n4e6tor6 cn epect cp"t) pprec"t"on "n t%e )on5 r,n 0ndeB S'heme=4 In$e 6c%e.e6 re '"$e)/ pop,)r concept "n t%e 'e6t T%e6e =o))o' p66"4e "n4e6t.ent 6trte5/ '%ere o,r "n4e6t.ent6 rep)"cte t%e .o4e.ent6 o= -enc%.r( "n$"ce6 )"(e N"=t/9 Sen6e9 etc - Se'tora$ S'heme=4 Sector) =,n$6 re "n4e6te$ "n 6pec"#c 6ector )"(e "n=r6tr,ct,re9 IT9 p%r.ce,t"c)69 etc or 6e5.ent6 o= t%e cp"t) .r(et )"(e )r5e cp69 ."$ cp69 etc T%"6 6c%e.e pro4"$e6 re)t"4e)/ %"5% r"6( %"5% ret,rn opport,n"t/ '"t%"n t%e eG,"t/ 6pce
c 1aB Savin,=4 A6 t%e n.e 6,55e6t69 t%"6 6c%e.e o>er6 t -ene#t6 to "t6 "n4e6tor6 T%e =,n$6 re "n4e6te$ "n eG,"t"e6 t%ere-/ o>er"n5 )on5ter. 5ro't% opport,n"t"e6 T 64"n5 .,t,) =,n$6 2c))e$ EG,"t/ L"n(e$ S4"n56 Sc%e.e63 %6 1/er )oc("n per"o$
D -ALAN&E)=4 T%"6 6c%e.e ))o'6 "n4e6tor6 to enjo/ 5ro't% n$ "nco.e t re5,)r "nter4)6 F,n$6 re "n4e6te$ "n -ot% !8
eG,"t"e6 n$ #e$ "nco.e 6ec,r"t"e6 t%e proport"on "6 pre $eter."ne$ n$ $"6c)o6e$ "n t%e 6c%e.e re)te$ o>er $oc,.ent T%e6e re "$e) =or t%e c,t"o,6)/ 55re66"4e "n4e6tor6
< &LOSE)4EN)E)=4 In In$"9 t%"6 t/pe o= 6c%e.e %6 6t"p,)te$ .t,r"t/ per"o$ n$ "n4e6tor6 cn "n4e6t on)/ $,r"n5 t%e "n"t") ),nc% per"o$ (no'n 6 t%e NFO 2Ne' F,n$ O>er3 per"o$
A &AP01AL PRO1E&10ON=4 T%e pr".r/ o-ject"4e o= t%"6 6c%e.e "6 to 6=e5,r$ t%e pr"nc"p) .o,nt '%")e tr/"n5 to $e)"4er re6on-)e ret,rn6 T%e6e "n4e6t "n %"5%G,)"t/ #e$ "nco.e 6ec,r"t"e6 '"t% .r5"n) epo6,re to eG,"t"e6 n$ .t,re )on5 '"t% t%e .t,r"t/ per"o$ o= t%e 6c%e.e
B F0>E) MA1UR01Y PLANS 9FMPS 3
M,t,) =,n$ 6c%e.e6 '"t% $e#ne$ .t,r"t/ per"o$ T%e6e 6c%e.e6 nor.))/ co.pr"6e o= $e-t "n6tr,.ent6 '%"c% .t,re "n )"ne '"t% t%e .t,r"t/ o= t%e 6c%e.e9 t%ere-/ ern"n5 t%ro,5% t%e "ntere6t co.ponent 2)6o c))e$ co,pon63 o= t%e 6ec,r"t"e6 "n t%e port=o)"o FMP6 re nor.))/ p66"4e)/ .n5e$9 "e t%ere "6 no ct"4e tr$"n5 o= $e-t "n6tr,.ent6 "n t%e port=o)"o T%e epen6e6 '%"c% re c%r5e$ to t%e 6c%e.e re %ence9 5ener))/ )o'er t%n ct"4e)/ .n5e$ 6c%e.e6
!J
1 0N1ER?AL=4 Opert"n5 6 co.-"nt"on o= open n$ c)o6e$ en$e$ 6c%e.e69 "t ))o'6 "n4e6tor6 to tr$e ,n"t6 t pre$e#ne$ "nter4)6
(.! A)?AN1A2ES OF MU1UAL FUN)S
Mutua$ funds have been a *o*u$ar investment vehi'$e for investors. 1heir sim*$i'ity a$on, :ith other attributes *rovides ,reat benefit to investors :ith $imited +no:$ed,e5 time or money. 1o he$* us de'ide :hether mutua$ funds are best for us5 :e are ,oin, to $oo+ at some reasons to 'onsider investin, in mutua$ funds.
A DIVERSIFICATION One r,)e o= "n4e6t"n59 =or -ot% )r5e n$ 6.)) "n4e6tor69 "6 66et $"4er6"#ct"on D"4er6"#ct"on "n4o)4e6 t%e .""n5 o= "n4e6t.ent6 '"t%"n port=o)"o n$ "6 !
,6e$ to .n5e r"6( M,t,) =,n$ pro4"$e6 "..e$"te -ene#t o= "n6tnt $"4er6"#ct"on n$ 66et ))oct"on '"t%o,t t%e )r5e .o,nt6 o= c6% nee$e$ to crete "n$"4"$,) port=o)"o6
B A)?AN&E) POR1FOL0O MANA2EMEN1=4 e p/ .n5e.ent =ee 6 prt o= o,r epen6e rt"o9 '%"c% "6 ,6e$ to %"re pro=e66"on) port=o)"o .n5er '%o -,/6 n$ 6e))6 6toc(69 -on$69 etc T%"6 "6 re)t"4e)/ 6.)) pr"ce to p/ =or %e)p "n t%e .n5e.ent o= n "n4e6t.ent port=o)"o
C &ON?EN0EN&E AN) FA0R PR0&0N2=4 M,t,) =,n$6 re co..on n$ e6/ to -,/ T%e/ t/p"c))/ %4e )o' ."n".,. "n4e6t.ent6 n$ t%e/ re tr$e$ on)/ once per $/ t t%e c)o6"n5 NET ASSET VALUE 2NAV3 T%"6 e)"."nte6 pr"ce ,ct,t"on t%ro,5%o,t t%e $/ n$ 4r"o,6 r-"tr5e opport,n"t"e6 t%t $/ tr$er6 prct"ce
D L0U0)01Y AN) S0MPL0&01Y=4 e cn 6e)) or -,/ .,t,) =,n$6 n/t".e So .,t,) =,n$6 re 5oo$ "= 'e 'nt to "n4e6t "n 6o.et%"n5 '%"c% 'e cn )"G,"$te e6")/ A)6o .,t,) =,n$6 re 4er/ 6".p)e to -,/ n$ 6e))
E )0?0)EN) RE0N?ES1MEN1=4 A6 $"4"$en$6 n$ ot%er "ntere6t "nco.e "6 $ec)re$ =or t%e =,n$9 "t cn -e ,6e$ to p,rc%6e $$"t"on) ,n"t6 "n t%e .,t,) =,n$9 t%,6 %e)p"n5 /o,r "n4e6t.ent 5ro'
!:
(." )0SA)?AN1A2ES OF MU1UAL FUN)S
T%ere re r"6(6 "n4o)4e$ "n -,/"n5 .,t,) =,n$6 T%e6e "n4e6t.ent 4e%"c)e6 cn eper"ence .r(et ,ct,t"on6 n$ 6o.et".e6 pro4"$e ret,rn6 -e)o' t%e o4er)) .r(et A)6o9 t%e $4nt5e6 5"ne$ =ro. .,t,) =,n$6 re not =ree .n/ o= t%e. crr/ )o$69 nn,) epen6e =ee6 n$ pen)t"e6 =or er)/ '"t%$r')
A R0S8S AN) &OS1S=4 C%n5"n5 .r(et con$"t"on6 cn crete ,ct,t"on6 "n t%e 4),e o= .,t,) =,n$ "n4e6t.ent A)6o t%ere re =ee6 n$ epen6e6 66oc"te$ '"t% "n4e6t"n5 "n
<0
.,t,) =,n$6 t%t $o not ,6,))/ occ,r '%en p,rc%6"n5 "n$"4"$,) 6ec,r"t"e6 $"rect)/
B NO 2UARAN1EES=4 A6 M,t,) =,n$6 "n4e6t "n $e-t 6 'e)) eG,"t"e69 t%ere re no 6,re ret,rn6 Ret,rn6 $epen$ on t%e .r(et con$"t"on6
C NO &ON1ROL=4 In4e6tor $oe6 not %4e contro) on "n4e6t.ent )) t%e $ec"6"on6 re t(en -/ t%e =,n$ .n5er In4e6tor cn j,6t jo"n or )e4e t%e 6%o'
D 1A> 0NEFF0&0EN&Y=4 In4e6tor6 $o not %4e c%o"ce '%en "t co.e6 to cp"t) 5"n p/o,t6 "n .,t,) =,n$6 D,e to t%e t,rno4er9 re$e.pt"on69 5"n6 n$ )o66e6 "n 6ec,r"t/ %o)$"n56 t%ro,5%o,t t%e /er9 "n4e6tor6 t/p"c))/ rece"4e $"6tr"-,t"on6 =ro. t%e =,n$ t%t re n ,ncontro))-)e t e4ent
(.# &OMPAR0SON -E16EEN MU1UAL FUN)S AN) F0>E) )EPOS01S F02 (.( MU1UAL FUN) ?S -AN8 F0>E) )EPOS01 PARAME1ERS
MU1UAL FUN)S
F0>E) )EPOS01S
A. Rate Of Returns
No A66,re$ Ret,rn6
F"e$ Ret,rn6
-. 0nf$ation Adjusted Returns
Potent") For "5% Int"onA$j,6te$ Ret,rn6
U6,))/ Lo' Int"onA$j,6te$ Ret,rn6
&. Ris+
Me$",. To "5% R"6(
Lo' R"6(
). LiCuidity
L"G,"$
Me$",. To Lo' L"G,"$"t/
E. Premature 6ithdra:a$ A))o'e$ "t% E"t Lo$
A))o'e$ "t% Pen)t/
F. &ost Of 0nvestment
Mn5e.ent Co6t
No Co6t
2. 1aB Status
F4or-)e T Stt,6
A6 Per T S)
1OP MU1UAL FUN)S 7OUSE F02 (.@ 1OP MU1UAL FUN)S Sr No
Mutua$ Fund
! < 1
DFC M,t,) F,n$ Re)"nce M,t,) F,n$ ICICI Pr,$ent") M,t,) F,n$
7 ; 8 J : !0
Avera,e
D
!90177< :;<< ;101
!<J0 !!8: !07
B"r) S,n L"=e M,t,) F,n$
JJ177
:;0
UTI M,t,) F,n$ SBI M,t,) F,n$ Frn()"n Te.p)eton M,t,) F,n$ IDFC M,t,) F,n$ Kot( M%"n$r M,t,) F,n$
J00;J ;:;; 77!<
80 J1! ;;0
1:88; 1;<::
7J 717
DSP B)c(Roc( M,t,) F,n$
1078
1J7
&7AP1ER 000= RESEAR&7 ME17O)OLO2Y Re6erc% re=er6 to 6erc% =or (no')e$5e One cn )6o $e#ne re6erc% 6 6c"ent"#c n$ 6/6te.t"c 6erc% =or pert"nent "n=or.t"on on 6pec"#c top"c It "6 n rt o= 6c"ent"#c "n4e6t"5t"on
1! OBECTIVES T%e 6t,$/ '")) 5"4e n o4er4"e' -o,t .,t,) =,n$6 n$ -n( #e$ $epo6"t An$ )6o '")) 5"4e -r"e= co.pr"6on -et'een .,t,) =,n$ n$ -n( #e$ $epo6"t It '")) %e)p "n4e6tor6 to t(e e>ect"4e "n4e6t.ent $ec"6"on
<<
T%e re6erc% %6 -een ,n$ert(en =ro. t%e "n4e6tor po"nt o= 4"e' n$ %ence '")) -e ".portnt to "n4e6tor6 6 =o))o'
!
To 6t,$/ #n$ t%e 4r"o,6 6c%e.e t .,t,) =,n$ "n4e6t.ent 6 'e)) 6 -n( #e$ $epo6"t
<
To 6t,$/ t%e pro6 n$ con6eG,ence6 o= t%e .,t,) =,n$ n$ -n( #e$ $epo6"t "n4e6t.ent
1
To 6t,$/ t%e con6,.er6 pre=erence6 -o,t .,t,) =,n$ "n4e6t.ent 6 5"n6t -n( #e$ $epo6"t
@.( )A1A &OLLE&10ON ME17O)=4 To c%"e4e t%e o-ject"4e6 o= to $o co.prt"4e n)/6"6 o= .,t,) =,n$ "n4e6t.ent 6 5"n6t -n( #e$ $epo6"t $t %6 to -e co))ecte$ =ro. $">erent 6o,rce6
@.(. SE&ON)ARY )A1A T%"6 $t "6 co))ecte$ =ro. 4r"o,6 6o,rce6 )"(e .5"ne69 'e-6"te6 n$ e6pec"))/ =ro. t%e -oo(6 o= 'e))(no'n ,t%or6 BOOKS FOLLOS
In$"n M,t,) F,n$6 n$-oo( S,n$r Sn(rn !8 Per6on) F"nnce Pr"nc"p)e6 E4er/ In4e6tor S%o,)$ Kno' Mn"6% C%,%n FOLLOIN+ ARE TE URLS
%ttp.,t,)=,n$-"r)6,n)"=eco. %ttp'''tt.,t,)=,n$co. <1
%ttp6'''4),ere6erc%on)"neco. %ttp'''.one/contro)co. %ttpecono."ct".e6"n$"t".e6co.
@.(.( A)?AN1A2ES OF SE&ON)ARY )A1A A SA?0N2 OF 10ME=4 T%e proce66 %6 -een 6".p)"#e$ Prec"6e "n=or.t"on ./ -e o-t"ne$ 4" 6erc% en5"ne6 A)) 'ort% )"-rr/ %6 $"5"t"e$ "t6 co))ect"on 6o t%t 6t,$ent6 n$ re6erc%er6 ./ per=or. .ore $4nce 6erc%e6 B SA?0N2 OF MONEY=4 In 5ener)9 "t "6 .,c% )e66 epen6"4e t%n ot%er '/6 o= co))ect"n5 $t One ./ n)/e )r5er $t 6et6 )"(e t%o6e co))ecte$ -/ 5o4ern.ent 6,r4e/6 '"t% no $$"t"on) co6t C 2ENERA10N2 NE6 0NS0271S=4 Ren)/"n5 $t cn )6o )e$ to ,nepecte$ ne' $"6co4er"e6 Ret,rn"n5 to t%e pre4"o,6 'e cn n)/e t%e $t n$0 co.e ,p '"t% ne' re)e4nt conc),6"on6 or 6".p)/ 4er"=/ n$ con#r. pre4"o,6 re6,)t6
@.(.@ )0SA)?AN1A2ES OF SE&ON)ARY )A1A A 0NAPPROPR0A1ENESS OF 17E )A1A=4
Secon$r/ $t 6o,rce6 ./ pro4"$e /o, '"t% 46t .o,nt o= "n=or.t"on9 -,t G,nt"t/ "6 not 6/non/.o,6 o= ppropr"tene66 T%"6 "6 6".p)/ -ec,6e "t %6 -een co))ecte$ to n6'er $">erent re6erc% G,e6t"on or o-ject"4e6
B LA&8 OF &ON1ROL O?ER )A1A UAL01Y=4 +o4ern.ent n$ ot%er o?c") "n6t"t,t"on6 re o=ten 5,rntee o= G,)"t/ $t9 -,t "t "6 not )'/6 t%e c6e For t%"6 re6on9 G,)"t/ "66,e6 .,6t -e 4er"=/ 6 o,t)"ne$ "n t%"6 po6t <7
@. 0N?ES1ORS 170N8 R0S8ES1 0N?ES1MEN1 PRO)U&1 0nvestors thin+ ris+est investment *rodu't M,t,) F,n$6 L"=e "n6,rnce Po6t o?ce 64"n5 EG,"t/ Co.pn/ #e$ $epo6"t6 Bon$6 +o)$ Propert/ C%"t F,n$6 Bn( FD
"5% r"6(
Me$",. r"6(
Lo' r"6(
1
!1
7
7
!:
JJ
7
!
J
7!
78
!1
<7
;1
<1
<8
;!
<1
!1
1
;:
:
1:
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10
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!
1
<0
JJ
<;
Secon$r/ $t re )re$/ co))ecte$ "n=or.t"on It "6 5ener))/ $"?c,)t
to
6cr,t"n/
o=
6econ$r/
$t
-ec,6e
"t
./
-e
"ncon6"6tenc"e69 error6 n$ o."66"on etc T%,6 "t "6 4er/ r"6(/ to ,6e .et%o$6 n$ $er"4e$ to conc),6"on For t%t o,r 5ro,p re 5o =or pr".r/ $t .et%o$ Dt co))ecte$ -/ pr".r/ $t "6 co))ecte$ '"t% concrete "$e "n ."n$ U6,))/ to n6'er re6erc% G,e6t"on or j,6t .eet cert"n o-ject"4e6
@.@ PR0MARY )A1A On t%e -6"6 o= p")ot 6t,$/ 6t5e9 6tr,ct,re$ %6 -een con6tr,cte$ to con$,ct t%e 6.p)e 6,r4e/ T%e G,e6t"onn"re "nc),$e6 G,ott"on6 on ec% o= t%e 7; 4r"-)e6 re)te$ to t%e re6pon$ent6 A G,e6t"onn"re '"t% !1 G,e6t"on6 %6 -een ,6e$ 6 6,r4e/ "n6tr,.ent =or con$,ct"n5 6,r4e/ A tot) o= ;! re6pon$ent6 'ere "nter4"e'e$ n$ $t %6 -een 5enerte$ -/ =ce to =ce "nter4"e' T%e G,e6t"onn"re %6 opt"on6 5"n6t '%"c% t%e re6pon$ent %6 to 6e)ect 6 per %"6%er percept"on =ro. %"6%er eper"ence6
@.@. A)?AN1A2ES OF PR0MARY )A1A A.)A1A 0N1ERPRE1A10ON 0S -E11ER=4 T%e co))ecte$ $t cn -e e."ne$ n$ "nterprete$ -/ t%e .r(eter6 $epen$"n5 on t%e"r nee$6 rt%er t%n re)/"n5 on t%e "nterprett"on .$e -/ co))ector6 o= 6econ$r/ $t
B RE&EN&Y OF )A1A=4 T%,6 pr".r/ $t -eco.e6 .ore cc,rte too) 6"nce 'e cn ,6e $t '%"c% "6 ,6e=,) =or ,6
<8
C PROPR0E1ARY 0SSUES=4 Co))ector o= pr".r/ $t "6 t%e o'ner o= t%t "n=or.t"on n$ %e nee$ not 6%re "t '"t% ot%er co.pet"tor6 T%"6 5"4e6 n e$5e o4er co.pet"tor6 rep)/"n5 on 6econ$r/ $t
@.@.( )0SA)?AN1A2ES OF PR0MARY )A1A A 7027&OS1=4 Co))ect"n5 $t ,6"n5 pr".r/ re6erc% "6 co6t)/ propo6"t"on 6 .r(eter %6 to -e "n4o)4e$ t%ro,5%o,t n$ %6 $e6"5n e4er/t%"n5
to
B 10ME &ONSUM0N2=4 Bec,6e o= e%,6t"4e nt,re o= t%e eerc"6e9 t%e t".e reG,"re$ to $o re6erc% cc,rte)/ "6 4er/ )on5 6 co.pre$ to 6econ$r/ $t9 '%"c% cn -e co))ecte$ "n .,c% )e66er t".e $,rt"on
C MORE NUM-ER OF RESOUR&ES ARE REU0RE)=4 Le4"n5 6"$e co6t n$ t".e9 ot%er re6o,rce6 )"(e %,.n re6o,rce6 n$ .ter")6 too re nee$e$ "n )r5er G,nt"t/ to $o 6,r4e/6 n$ $t co))ect"on
@.! ME1O)S OF &OLLE&10N2 PR0MARY )A1A=4 A SAMPL0N2=4 It repre6ent6 '%o)e pop,)t"on It "6 t%e proce66e6 o= c%oo6"n5 6.p)e =ro. '%o)e pop,)t"on e %4e c%o6en 6.p)e o= %"5% c)66 & ."$$)e c)66 peop)e '%o %4e "n4e6te$ e"t%er "n .,t,) =,n$6 or Bn( F"e$ Depo6"t6 B &ENSUS SUR?EY=4 It "6 6/6te.t"c6 .et%o$ It co4er6 ent"re pop,)t"on or ,n"4er6e n$ not 4er/ prct"c) 6 "t reG,"re6 enor.o,6 %,5e .o,nt o= t".e9 .npo'er n$ .one/
C SAMPL0N2 S0E=4 e %$ c%o6en 6.p)e o= ;! cn$"$te6
@.! )A1A ANALYS0S AN) 0N1ERPRE1A10ON=4 Dt n)/6"6 n$ "nterprett"on "6 t%e proce66 o= "n6pect"n59 c)en"n59 trn6=or."n5 n$ .o$e)"n5 $t '"t% t%e 5o) o= $"6co4er"e6 ,6e=,) "n=or.t"on9 6,55e6t"n5 conc),6"on n$ 6,pport"n5 $ec"6"on .("n5 Dt "nterprett"on "6 t%t "n '%"c% 'e n)/6"6 t%e '%o)e co))ecte$ $t & tr"e6 to 5"4e "t "n 6".p)e 'or$6 to -e ,n$er6tn$-)e e %4e ,6e$ 6o.e c%rt6 2P"e c%rt9 co),.n c%rt9 c/)"n$er c%rt9 cone c%rt3 n$ %/pot%e6"6 te6t6 2c%"6G,re one 6.p)e T te6t etc3
@." L0M01A10ONS=4
A T%e 6t,$/ "6 )"."te$ to 6e)ecte$ "n4e6t.ent 4en,e6 B D,e to 6%ort5e or )e66 4")-")"t/ o= t".e "t ./ -e po66"-)e t%t )) t%e re)te$ n$ concerne$ 6pect6 ./ not -e co4ere$ "n t%"6 project C A6 'e %4e ,6e$ 6.p)"n5 .et%o$ to co))ect $t 6o t%ere '6 )c( o= 6,pport =ro. re6pon$ent "n 6o.e c6e6 M".,. re6pon$ent6 'ere not "ntere6te$ to entert"n ,6
<
1A-LE @.( A2E 2ROUP= A,e 2rou* FreG,enc/ Percent5e
(4@ @4! <7 ;!
!! <7
!4"
Above "
1ota$
!!
;
;!
<7
!
!00
T%e -o4e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' ep)"n t%e re)t"on6%"p -et'een $">erent 5e6 o= re6pon$ent6 "n4e6t"n5 e"t%er "n M,t,) F,n$ or Bn( F"e$ Depo6"t6
FI+1<
<:
A+E +ROUP !
<7
7!;0 A-o4e ;0
<7
T%e -o4e #5,re 6%o'6 t%t t%e 5e 5ro,p o=
1ab$e @.@ )ate 6as &o$$e'ted For Ana$yin, 6hether &ustomer 7ave Ever 0nvested 0n Any 8ind Of 0nvestment=
*e6No
*e6
No
Tot)
FreG,enc/
7;
8
;!
Percent5e
!<
!00
T%e -o4e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect6 '%et%er c,6to.er %4e e4er In4e6te$ "n n/ ("n$ o= In4e6t.ent
F02.@.@
10
INVESTMENT !< *e6 No
T%e -o4e #5,re 6%o'6 t%t o= C,6to.er re "ntere6te$ "n o= In4e6t.ent n$ !< C,6to.er6 re not "ntere6te$ "n n/ t/pe o= "n4e6t.ent
1ab$e @.! )ate :as 'o$$e'ted for ana$yin, 0nvestment O*tions most *referab$e for investment either in Mutua$ Fund or in -an+ FiBed )e*osits 0nvestment O*tions
-an+ FiBed )e*osits
Mutua$ Fund
1ota$
FreG,enc/
1!
<0
;!
Percent5e
8!
1:
!00
T%e -o4e In4e6t.ent Opt"onH6 6c%e$,)e n$ t%e In4e6t.ent Opt"on $"5r. .ent"one$ -e)o' reect6 n,.-er o= re6pon$ent6 "n4e6t"n5 e"t%er "n M,t,) F,n$ or "n Bn( F"e$ Depo6"t6
F02.@.!
1!
INVESTMENT OPTION
Bn( F"e$ Depo6"t6
1:
M,t,) F,n$
8!
T%e -o4e #5,re 6%o'6 t%t Bn( #e$ $epo6"t6 "6 .ore pre=er-)e 28!3 t%n M,t,) F,n$6 21:3
1ab$e @." )ate 6as &o$$e'ted For Ana$yin, Reasons For Se$e'tin, Mutua$ Fund Or -an+ FiBed )e*osits= Reasons FreG,enc/ Percent5e
Rate Of 0nterest
Lo: ris+
1aB Savin,
1ota$
<7 7J
8 !<
;! !00
T%e -o4e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect6 n,.-er o= re6pon$entH6 re6on =or "n4e6t"n5 e"t%er "n M,t,) F,n$ or "n Bn( F"e$ Depo6"t6
FI+1;
1<
REASON FOR INVESTMENT
!< Rte O= Intere6t 7!
Lo' r"6( T S4"n5
7J
T%e -o4e #5,re 6%o'6 t%t -n( #e$ $epo6"t "6 .ore pre=er-)e "= R"6( "6 Lo' "e 27J3 t%en T S4"n5 2!<3
1ab$e @.# )ate 6as &o$$e'ted For Ana$yin, 6hat Fa'tors &onsidered -y &ustomers For 0nvestment 0n Mutua$ Fund Or FiBed )e*osits= Fctor6
Pre6er4t" on o= Cp"t)
FreG,enc/ Percent5 e
<0 1:
Incre6e "n c,rrent "nco.e !1 <7
A55re66" +ro't% Con6er4t"o Tot) 4e n$ n +ro't% +ro't% Inco.e !8
8 !<
7
;! !00
T%e -o4e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect6 =ctor6 c,6to.er6 con6"$er =or "n4e6t.ent "n M,t,) F,n$ or F"e$ Depo6"t6 F02.@.#
11
FACTORS CONSIDERED FOR INVESTMENT Pre6er4t"on o= Cp"t)
Incre6e "n c,rrent
!<
"nco.e
70
A55re66"4e +ro't% !8 +ro't% n$ Inco.e
<7
Con6er4t"on +ro't%
T%e -o4e #5,re 6%o'6 t%t Pre6er4t"on o= cp"t) 2703 "6 .jor =ctor con6"$ere$ -/ con6,.er6 =or "n4e6t.ent rt%er t%n "n4e6t"n5 =or Con6er4t"on +ro't% 23
1ab$e @.G )ate 6as &o$$e'ted For Ana$yin, 6hi'h 0nvestments O*tion 0s More Ris+y= 0nvestment O*tions
-an+ FiBed )e*osits
Mutua$ Fund
1ota$
FreG,enc/
<
7:
;!
Percent5e
7
:8
!00
T%e -o4e In4e6t.ent Opt"onH6 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect6 '%"c% "n4e6t.ent6 opt"on "6 .ore r"6(/ -et'een M,t,) F,n$ n$ F"e$ Depo6"t6
[email protected]
17
INVESTMENT OPTION 7
Bn( F"e$ Depo6"t6 M,t,) F,n$
:8
T%e -o4e #5,re 6%o'6 -o,t :8 o= C,6to.er #n$6 .ore r"6( "n "n4e6t.ent "n M,t,) F,n$ t%en Bn( Depo6"t6
1;
1ab$e @.H )ate 6as &o$$e'ted For Ana$yin, 8no:$ed,e Of S'hemes 0n 0nvestment O*tions=
8NO6LE)2E
YES
NO
1O1AL
FreG,enc/
<7
;!
Percent5e
;1
7J
!00
T%e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect6 (no')e$5e o= Sc%e.e6 "n "n4e6t.ent opt"on6 -et'een M,t,) F,n$ n$ F"e$ Depo6"t6
[email protected]
KNOLED+E OF SCEMES
*e6 7J
No ;1
T%e -o4e #5,re 6%o'6 t%t -o,t ;1 c,6to.er6 %4e (no')e$5e o= Sc%e.e6 4")-)e "n M,t,) F,n$ n$ Bn( F"e$ Depo6"t6 n$ 7J $onHt %4e "$e -o,t 6c%e.e6
18
1ab$e @.% )ate 6as &o$$e'ted For Ana$yin, 0nvestment 0n 6hi'h Se'tor 6i$$ Ma+e -enefit For &ustomers=
Se'tor
Pub$i' Se'tor
Private Se'tor
1ota$
FreG,enc/
1!
<0
;!
Percent5e
8!
1:
!00
T%e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect6 "n4e6t.ent 6ector '%"c% "6 .ore -ene#c") ccor$"n5 to "n4e6tor6
F02.@.%
BENEFICIAL SECTOR
P,-)"c Sector
1:
Pr"4te Sector
8!
T%e -o4e #5,re 6%o'6 t%t P,-)"c Sector 28!3 "6 .ore -ene#c") t%n Pr"4te Sector 21:3
1J
1ab$e @. )ate 6as &o$$e'ted For Ana$yin, 0nvestment 1y*e Preferred -y 0nvestors=
0N?ES1MEN1 1YPE
S7OR1 1ERM
LON2 1ERM
1O1AL
FreG,enc/
10
;!
Percent5e
7!
;:
!00
T%e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect In4e6t.ent t/pe pre=erre$ -/ "n4e6tor6
F"51!0
INVESTMENT T*PE
S%ort ter. 7!
Lon5 Ter.
;:
T%e -o4e #5,re 6%o'6 t%t Lon5 Ter. "n4e6t.ent 2;:3 "6 .ore pre=erre$ t%n S%ort ter. "n4e6t.ent 27!3
T-)e 1!! Dte 6 Co))ecte$ For An)/"n5 In4e6t.ent Opt"on Re=erre$ B/ In4e6tor6 1
0nvestment O*tion
-an+ FiBed )e*osits
Mutua$ Fund
1ota$
FreG,enc/
1<
!:
;!
Percent5e
81
1J
!00
T%e 6c%e$,)e n$ t%e $"5r. .ent"one$ -e)o' reect In4e6t.ent opt"on re=erre$ -/ "n4e6tor6
F02.@.
INVESTMENT OPTION RECOMMEND
Bn( F"e$ Depo6"t6
1J
M,t,) F,n$
81
T%e -o4e #5,re 6%o'6 t%t Bn( F"e$ Depo6"t6 2813 "6 reco..en$e$ %"5%)/ t%n M,t,) F,n$ "n4e6t.ent 21J3
1:
&7AP1ER 0?= &ON&LUS0ON 3 RE&OMME)A10ON
!. &ON&LUS0ONS
A On t%e -6"6 o= conc),6"on "t %6 -een 6een t%t .n/ peop)e pre=er to "n4e6t t%e"r .one/ "n -n( #e$ $epo6"t 6 co.pre to M,t,) =,n$6 B Peop)e '")) -e 're o= t%e r"6( "n4o)4e$ "n "n4e6t.ent6
C M,t,) =,n$ "6 "ntro$,ce$ "n !:8!9 t")) ;7/er6 =ter .,t,) =,n$6 not c%n5e t%e ."n$ 6et o= peop)e T")) pre6ent tr$"t"on) "n4e6t.ent "6 $o."nt"n5 ot%er "n4e6t.ent6 D Dt co))ecte$ )6o re4e)6 t%t peop)e6 re "n4e6t"n5 t%e"r 6o.e prt o= t%e"r "nco.e E It )6o %6 -een =o,n$ t%t peop)e re pre=err"n5 p,-)"c 6ector 6 -ene#c") F Peop)e "n4e6t t%e"r .one/ "n )o' r"6( "n6tr,.ent 6 #r6t pre=erence not c%oo6e %"5% rte o= ret,rn Peop)e re .ore =oc,6e$ pre6er4t"on o= cp"t) 6 =ctor =or t%e"r "n4e6t.ent + Mjor"t/ o= peop)e re =ee)"n5 .,t,) =,n$ "6 .ore r"6(/ t%n -n( #e$ $epo6"t6 B,t peop)e $onHt (no' -n( )6o 5"4e on)/ ! )c 5rntee o= t%e"r #e$ $epo6"t "n4e6t.ent More t%n ;0 percent o= peop)e $onHt (no' "n4e6t.ent 6c%e.e o= .,t,) =,n$ n$ -n( #e$ $epo6"t
70
I More peop)e re "n4e6t"n5 t%e"r .one/ "n -n( #e$ $epo6"t =or )on5 ter. Peop)e re reco..en$"n5 -n( #e$ $epo6"t 6 5oo$ "n4e6t.ent to ot%er6
!.( RE&OMME)A10ONS=
A Se."nr6 n$ pro.ot"on) ct"4"t"e6 6%o,)$ -e %e)$ to "ncre6e (no')e$5e n$ 'rene66 .on5 t%e peop)e6 re)te$ '"t% .r(et re)te$ 6c%e.e6 B For )on5 ter. "n4e6t.ent6 .,t,) =,n$6 "6 -e6t opt"on n$ "t cn -et "nt"on o= t%e econo./ C Peop)e re5,)r)/ "n4e6t prt t%ereo= "nco.e to .,t,) =,n$ =or )on5er ter. D Fro.
t%e
$4nce
tec%no)o5/
no'
peop)e
".pro4e
t%e"r
(no')e$5e -o,t .,t,) =,n$ "n4e6t.ent6 n$ t%e/ t(e correct $ec"6"on -o,t "n4e6t.ent6 E Incre6e "n rte o= ret,rn n$ proper ))oct"on o= =,n$6 '")) %e)p to "ncre6e "n4e6t.ent6 to .o$ern "n4e6t.ent6 F M,t,) F,n$6 Co.pn/ ".pro4e6 t%e"r opert"on) trn6ct"on n$ -r"n5 .ore pro=e66"on)"6. "n t%e"r 'or( + M,t,) =,n$6 5"4e -etter ret,rn co.pre$ to -n( #e$ $epo6"t6
7!
M,t,) =,n$6 re t 64"n5 too)6 "= peop)e "n4e6t t%e"r .one/ "n t 64"n5 =,n$6
-0-L0O2RAP7Y
-OO8 REFERRE)
In$"n M,t,) F,n$6 n$-oo( S,n$r Sn(rn !8 Per6on) F"nnce Pr"nc"p)e6 E4er/ In4e6tor S%o,)$ Kno' Mn"6% C%,%n
MA2A0NES
ET EALT
BRUNC
6E-S01ES
%ttp.,t,)=,n$-"r)6,n)"=eco. %ttp'''tt.,t,)=,n$co. %ttp6'''4),ere6erc%on)"neco. %ttp'''.one/contro)co. 7<
