• Introduction

• Company Profile
• Literature Review
• Research Methodology:-
1)Objectives of the Study
2)Hypothesis
3)Data Collection
• Data Analysis
• Findings and Conclusions of the Study
• Suggestions on the Study
•
.
 ICICI bank is india’s largest private sector bank with total consolidated assets of rs.
11,242.81 billion (u$$ 172.5 billion) at march 31, 2019 and profit after tax of rs.
67.77 billion (u$$ 1.0 billion) for the year ended march 31, 209. ICICI bank
currently has a network of 4,867 branches and 14,367 atms across india.

• History:- ICICI bank was originally promoted in 1994 by ICICI limited, an

indian financial institution, and was its wholly- owned subsidiary.

• Board of directors:- ICICI bank’s board members include eminent individuals

with a wealth of experience in international business, management consulting,
banking and financial services.
HDFC bank was incorporated in august 1994. As of june 30, 2018, the bank
had a nationwide distribution network 4,804 branches and 12,808 atm’s in
2,666 cities/towns.

• Financial information:- All the facts and figures highlighting the rapid
growth of HDFC bank over the last nine years.

• Corporate governance:- HDFC bank’s corporate governance policy

has been adopted keeping in mind the importance of attaining fairness
for all stakeholders, as well as achieving organizational efficiency.
• Dr. K. Veeraiah Dr. A. Kishore Kumar (Jan 2014), conducted a research on
comparative performance analysis of select indian mutual fund schemes. This study
analyzes the performance of indian owned mutual funds and compares their
performance. The performance of these funds was analyzed using a five year navs and
investment. Mutual funds as a medium-to-long term investment option are preferred as
a suitable investment option by investors.

• E. Priyadarshini and Dr. Chandra Babu (2011), have done prediction of the net
asset values of indian mutual funds using auto-regressive integrated moving average
(arima). In this paper, some of the mutual funds in india had been modeled using box-
jenkins autoregressive integrated moving average (ARIMA) methodology. Validity of
the models was tested using standard statistical techniques and the future NAV values
of the mutual funds have been forecasted.
❑ OBJECTIVES OF THE STUDY:-
• To calculate and find out the risk and return of selected mutual funds of two popular banks and make a comparative
analysis.
• To compare selected mutual fund schemes of both bank’s.
• To compare performance of mutual fund scheme of both bank’s for selected period.
• The study of risk involved in the securities of the bank’s.
❑ HYPOTHESIS:-
• There is a significant relation between ICICI bank and HDFC bank in terms of mutual funds.
• There is no significant relation between ICICI bank and HDFC bank in terms of mutual funds.
❑ DATA COLLECTION:-
• Secondary data will be used for the research, collected from various publications and reports of the apex bodies,
publications of asset management companies, technical and trade journals, book, magazines and reports of various
associations connected to the industry.
 CAGR Trend of Equity (Large Cap) Schemes: Chart Title
70
1-year 3 -year 5 –year 7 -year 10 –year
58.65
60 56.12

50

HDFC 58.65 28.27 16.31 10.63 19.58 40

30 28.2728.8
22.47
19.58
20 16.3114.43
ICICI 56.12 28.80 14.43 9.15 22.47
10.639.15
10

0
1-year 3-year 5-year 7-year 10-year

HDFC ICICI

▪ HDFC has consistently outperformed ICICI on terms of trailing returns of the fund except for the 3-year and 10-year
investment period. The lowest return gained have been for a 7-year investment period which is 10.63% and 9.15% and the
highest returns gained are for a 1-year investment horizon with 58.65% and 56.12% by HDFC and ICICI respectively.
 CAGR Analysis of Balanced Schemes:

Chart Title
1-year 2-year 3-year 5-year 7-year 10-year
60

56.47
50
50.36

HDFC 56.47 28.63 26.23 18.49 15.22 18.86 40

30
28.63 28.17
27.13 26.23
ICICI 50.36 27.13 28.17 14.04 9.73 18.47 20
18.49 18.8618.47
14.04 15.22
10
9.73

0
1-year 2-year 3-year 5-year 7-year 10-year

HDFC ICICI

• Both the funds have given exceptional return over a short term investment period. HDFC has given higher 1-year
returns when compared to ICICI. By this we can interpret that an investor should expect higher and less volatile
returns form HDFC when compared to ICICI over a short term perspective.
 CAGR Analysis of Mid Cap Schemes:

Chart Title
1-year 2-year 3-year 5-yera 7-yera
90 84.92
77.98
80

70

60
HDFC 84.92 39.73 36.90 23.44 16.76
50
39.7340.98 40.5
40 36.9

30
ICICI 77.98 40.98 40.50 17.87 6.97 23.44
17.87 16.76
20

10 6.97

0
1-year 2-year 3-year 5-year 7-year

HDFC ICICI

• From the above chart it is clear that ICICI mid cap fund and HDFC mid cap fund have given lower
returns after the 1-year return and both the funds can be seen as volatile.
 CAGR Analysis of Sector Specific (Infrastructure) Schemes:

Chart Title
1-year 2-year 3-year 5-year 100

90 87.38

80

HDFC 87.38 22.40 21.80 8.24 70

60.54
60

50

ICICI 60.54 15.33 13.87 1.28 40

30
22.4 21.8
20 15.33 13.87
8.24
10
1.28
0
1-year 2-year 3-year 5-year

HDFC ICICI

• It is clear that this class of funds is highly volatile and risky, also for an investor to make positive returns he has to invest for a
minimum of 5 years. Although in the 5th year both the funds recorded their first positive return, it is better for an investor to
invest in fixed deposits than ICICI infrastructure fund as this is fetching only 5.2% vis-à-vis 9% in case pf the latter. Thus
clearly HDFC is a better fund in this category.
• ICICI fund has sustained more losses in 2016 and 2019 as it has higher exposure to equity nearly 97% when compared to HDFC which has 95%
exposure to equity.

• HDFC and ICICI have constantly given lower returns after a 1-year investment period, compared to the 1-year returns.

• HDFC has consistently given better return than ICICI except in 2014, 2015 and 2017; this can be attributed to the higher exposure given to
commercial paper by HDFC.

• CONCLUSIONS:-

• ICICI fund has higher exposure to risk as compared to HDFC funds that is leading to loss of money as the values of the stocks
they own is declining. Thus, ICICI bank is suffering from more losses as compared to HDFC bank.
• HDFC capital builder has higher expense ratio which indicates a reduction in the value of investment which is a bad sings for
the bank.
• HDFC is consistent in giving better return as compared to ICICI bank. Thus, is a good sign for HDFC bank as it has higher
exposure to commercial paper.
• In terms of investment period, investors who want to park their funds for a
longer term they should invest in equity oriented funds which provide good
returns over 5-years. But in case of short term needs, it is better to invest in
debt funds.

• An investor should avoid investing the entire amount in one type of mutual
fund. They can further diversify their portfolio by investing in different
categories of mutual funds.

• The general perception of the stock market is such that investors liquidate their
holding in times of market turmoil, but the beneficial strategy to be followed is
to invest when the markets are down so that when it bounces back, the
investors are left with very high returns.
• www.valueresearchonline.com
• www.Wikipedia.com
• www.hdfcfunds.com
• www.icicipruamc.com/learn-about-mutual-funds