Any research builds on the research carried out previously on the given subject.

The purpose of the literature review is to review what has previously been done
on the subject and analyse it in the present context so that an effective
understanding can be established.

Before conducting this project I have gone through some work which has been
done previously on the subject which are given below:

1. Research paper- Analysis of components of investment performance- An

empirical study of Mutual funds in India.
Authors- Dr. S.Anand -Assistant professor, Goa Institute of Management.
Dr. V. Murugaia - Reader, Kuvempu University.

2. Making Mutual funds work for you- The investors concise guide
Author- Association of mutual funds in India (AMFI) in assistance with
Ogilvy & Mather

3. Perceptual study of Systematic Investment Plan (SIP) A case study of

service class.
Author-Dr.B.S.Hundal, Saurabh Grover,Professor Department of
commerce and business management GNDU Amritsar
Abstract:
Systematic Investment Plan (SIP) is a disciplined way of investing, where
you make regular investments according to a set calendar you create.
Systematic investing is a time-tested discipline that makes it easy to invest
automatically. This paper is an attempt to study the perception of service
class people towards systematic investment plan. Factor analysis and
cluster analysis have been used to study the same and found that service
class have positive attitude towards investment in these plans.
4. Hazardous to your wealth: Extraordinary Popular Delusions and the
madness of Mutual Fund Experts

Abstract: The author analyzes a number of investment fallacies, with

specific academic references to long held beliefs but with a very readable
tone throughout. If the rest of the book is as good as this excerpt, then it
should become a mainstay on every long-term investor’s shelf, right beside
classics such as Malkiel’s A Random walk Down Wall Street and Bogle’s
writings on long term mutual funds.

The book has two redeeming virtues. The first is its rich lode of unintended
humour, beginning with its title. Its other virtue is the advice here is so
bad that a completely contrarian strategy has much merit: Do use indexed
funds and whenever possible avoid using actively managed funds.

5. “Indian Capital Markets” Uma Shashikant & S. Arumugam

Publication: TATA Mc-Graw Hill.
This book reveals how Indian capital markets have changed in
the last decades. Stock markets today are fully electronic; settlement
cycles have been compressed, clearing corporations that guarantee
settlement of transactions, nearly eliminating risk.
The growth in the number of foreign institutional investor’s & mutual
funds; the changing investment profile of provident funds & the
privatization initiatives in the insurance sector. Change
processes bring along with them immense challenges. One of them is the
need for analytical insights into the impact and implications of the
processes themselves. The financial markets in India have been at the
forefront of what we can term as a paradigm shift in the economy.
6. “Capital Market – The Indian Financial Scene” N. Gopalsamy
Publication: MacMillan India Pvt. Ltd.
This book speaks that the capital markets are the barometer of the
health of the economy. Indian capital markets have begun to transform
rapidly in order to provide world class services to the
investors. The key to better corporate governance in India today lies in a more
efficient and vibrant capital market. A variety of developmental measures such
as deregulation and economic reforms, disintermediation and financial sector
reforms, institutionalization of capital markets investors preference for higher
standards of disclosures and corporate governance measures to those followed
in developed markets, globalization and tax reforms, etc have all contributed
to bring a bout the required changes in the capital market scene. These changes
and reforms have been taken up in the best interest of all stakeholder of capital
market. SEBI’s aim is also remarkable to make the Indian financial market a
truly world- class and a respectable institution. To achieve its objectives it has
also drawn strategic action plans.