The mutual fund industry in India began with the setting up of the Unit Trust of India (UTI), in 1964, by the Government of India. Till the year 2000, UTI has grown to be a dominant player in the industry with assets of over Rs. 76,547 crores as of March 31, 2000. UTI is governed by a special legislation, the Unit Trust of India Act, 1963. in 1987 public sector banks and insurance companies were permitted to set up mutual funds. The two insurance companies LIC and GIC also established mutual funds. Securities Exchange Board of India (SEBI) formulated the Mutual Fund (Regulation) 1993 which, for the first time, established a comprehensive regulatory framework for the mutual fund industry. Since then several mutual funds have been set up by the private and the joint sector. The Indian Mutual Fund has passed through three phases. The first phase was between 1964 and 1987 and the only player was the Unit Trust of India, which had a total assets of Rs. 6700 crores at the end of 1988. The second phase is between 1987 and 1993 in which period 8 funds were established (6 by banks and one each by LIC and GIC). The total assets under management had grown to Rs. 61028 crores at the end of 1994 and the number of schemes were 167.
[...] Secondary sources Most of the information is collected from the published annual reports of the ICICI PRUDENTIAL MUTUAL FUNDS HYDERABAD, and information brochures of the organization, and also some other information is collected from books and financial accounting journals available in the area. Analytical Research: The methods of research utilized in descriptive research are survey methods of all kinds, including comparative and correlation methods. In analytical research, on the other hand the researcher has to use facts or information already available, and analyze these to make a critical evaluation of the material. [...]
[...] ANALYSIS OF MUTUAL FUND Broadly the analysis categories in 3 types: Fundamental analysis Technical analysis Beta/Modern portfolio theory (MPT) FUNDAMENTAL ANALYSIS: The analysis of such fundamental factor general business conditions, industry outlook, earnings, dividends, quality of management etc., In this take consideration on the some following factors:- 1. Company net asset value Estimation of Value of profit earning ratio Estimating the market value of current and forecasting Compare with various ratios like US, UK Estimate the future yield dividends. Stock rating: The rating for common stock depends over the certain of dividend in take the consideration followings Ingredients of security analysis It include historical data, sales, capital etc., Economic analysis: 1. [...]
[...] crores) 43281 33305 21992 17111 16147 10538 7513 4833 3175 324 Inception (1998) 160 Prudential ICICI MF is now ICICI Prudential MF Prudential ICICI Mutual Fund changed its name to ICICI Prudential Mutual Fund with effect from Apr The fund changed its name, owing to the change in the shareholding pattern of ICICI Bank and Prudential Plc (effected in August 2005), in the Asset Management Company and the Trust Company. The names of the AMC and the Trust Company have been changed to ICICI Prudential Asset Management Company and ICICI Prudential Trust respectively. [...]
[...] While comparing the returns, ICICI dynamic plan as given better returns( 42.43 The other funds why because in dynamic plan the funds are invested in three type of category companies i.e., (large cap, midcap, smallcap). But in tax plan they invested only in midcap and in growth plan invested only in largecap. So, dynamic cap is more diverse than the other funds; hence it gives better returns than other funds. Systematic Investment Plan Returns 2004-2007 Table 2 period Tax plan Growth plan Dynamicplan Interpretation:- The above graph shows the analysis of the returns of the three funds for the third year. [...]
[...] TRANSPARANCY: Mutual Funds provide information on each scheme about the specific investments made there under and so on SELECTION OF A FUND Objective of the fund: over a period of at least three yeaRs. The Fund whether income oriented or growth oriented. Consistency of performance: a mutual fund is always intended to give steady long term returns; hence the investors should measure the performance of a fund Historical background: The success of any fund depends upon the competence of the management, its integrity, periodicity and experience. [...]
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