SUMMER INTERNSHIP PROJECT

PRESENTATION
NAME: AAYUSH PASAWALA
COMPANY NAME: ADITYA BIRLA SUN LIFE MUTUAL FUND

TOPIC: A COMPARATIVE ANALYSIS OF PUBLIC AND PRIVATE SECTOR MUTUAL

FUND

SOM LALIT INSTITUTE OF BUSINESS MANAGEMENT(778)

AHMEDABAD
 TABLE OF CONTENT

Introduction
Statement of Problem
Research Methodology
Data Analysis and Interpretation
Conclusion and Recommendation
Limitation of the Study
References
 INTRODUCTION
(ADITYA BIRLA SUN LIFE MUTUAL FUND)
It was established in 1994
Completed 28 years in the Indian financial landscape
Chairman: Kumar Mangalam Birla
Balasubramanian is the Managing director & Chief Executive Officer.
ABSLMF is joint venture company of Aditya Birla Capital( Indian company) and sun life
AMC company (Canada based company )
Aditya Birla Group is 3rd largest group in India with gross revenue of 41 billion
 Sun life is one of the largest life insurance providers
 INTRODUCTION
(MUTUAL FUND)
Mutual fund is a vehicle to
transfer moneys from investors,
to invest in different markets and
securities, in line with the
investment objectives agreed
upon, between the mutual fund
and the investors
 OVERVIEW OF INDIAN MARKET

First Phase 1964-87( Unit Trust of India-UTI)

Second Phase1987-1993 (Entry of Public Sector Funds)
Third Phase 1993-2003 (Entry of Private Sector Funds)
Fourth Phase : Since February 2003
 TOP 10 MUTUAL FUND IN INDIA

 Mirae Asset India Opportunities Fund  Nippon India Large Cap Fund
 SBI Bluechip Fund  Mirae Asset Emerging Bluechip Fund

 L & T Midcap Fund  DSP BlackRock Opportunity Fund

 Motilal Oswal Most Focused Multicap  L&T Emerging Business Fund

35 Fund  Nippon India Equity Hybrid Fund
 HDFC Small Cap Fund Growth
 STATEMENT OF PROBLEM
(INTRODUCTION OF STUDY)
Mutual funds are recognized as a mechanism of pooling together the investment of
unsophisticated investors and turn in the hands of professionally managed fund
managers for consistent return along-with capital appreciation. Money collected in this
process is then invested in capital market instrument such as shares, debentures and
other securities. Finally, unit holders in proportion of units owned by them share the
income earned through these investments and capital appreciation. Mutual funds put
forward a way out to investors to approach most schemes and get well-diversified
portfolio because investors with small savings neither have sufficient expertise nor
have access to required diversification.
 LITERATURE REVIEW

1. Author: G. Karthikeyan, Dr. D. Muthusamy (2022)

The performance evaluation of mutual fund schemes is a very important area considering the interest of
various investors of mutual funds. Mutual funds are collective savings and investment vehicles, where savings
of investors are pooled together to invest for their mutual benefit and returns distribution proportionately.
There are 41 mutual fund houses in India which do offer similar mutual fund schemes for investment.
2. Author: Vimla Virparia(2022)
Mutual fund industry has experienced a drastic growth within the past twenty years. Increase within the
number of schemes with increased mobilization of funds in the past few years provide benefits to the
importance of the Indian mutual funds industry. Mutual funds have а number of schemes within it, such as
large cap, Mid cap and Small cap funds, which makes it hard for the investors tо сhооse the best sсheme out
of so many available options.
 TO BE CONTINUE…….
3. Author: Anupam Thakuria(2017)
The concept of mutual funds in India dates
back to the year 1963. The era between 1963
and 1987 marked the existence of only one
mutual fund Company in India, namely the
Unit Trust of India (UTI), with Rs.67 billion
assets under management (AUM). Few other
mutual fund companies entered the mutual fund
market later on. The private sector funds started
penetrating the fund families during 1993.
4. Author: Komal B. Sharma
Mutual funds playing a key role in the
development of India’s debt market and have
emerged as a key source of funding. Mutual
funds considered as one of the best investment
options as compared to other alternatives, as
low cost is the common feature of the mutual
fund. Mutual fund schemes also provide
diversified portfolio management and reducing
risk and maximizing returns.
 OBJECTIVE OF STUDY

To study the Mutual Fund Industry in India.

To Understand the concept of investment plan in Mutual Fund.
To Compare the performance of Public and Private sector Mutual Fund in India.
To test whether the choice of public and private sector mutual funds is
independent of demographic profile.
To identify the factors affecting investors’ perception and the choice of public
and private sector mutual funds.
 RESEARCH METHODOLOGY

Research Design:
• The main significance of the study is to make comparative analysis of
Public and Private sector Mutual Funds. That is why I used the
DESCRIPTIVE method for the study.
 
 SOURCE OF DATA COLLECTION

Research has been done by both primary and secondary data.

Primary Data has been collected through survey form.
Secondary Data has been collected from various journals and different
websites.
 SAMPLING PLAN

Sampling unit
The target population included Business class, Service class,
Professionals who had invested in Mutual Funds.
Sample Size
The sample size has been 100 respondents.
 DATA ANALYSIS AND INTERPRETATION
Que: What Is Your
Que: What Is Your Age ? QUE: Gender Occupation?
AGE Gender Occupation

4%
2% students
2% 18 - 30
6% 41% 3 private job
31 - 40
40 - 60 % 16% government job
Above 60 Business
59% retired
57%
22%
88%

MALE FEMALE
QUE: What Is Your Annual Que: Are You Aware About Que: Mutual Fund Is
Income? Mutual Fund? Regulated By

Annual Income Aware about Mu- Regulated By

tual fund Regulated By

70 63
60
14%
50
less than 75K
7% 40
75K - 150K
18% 150K - 300K 30
19
300K - 500K 20
50% 12
More than 500k 86% 10 6
14%
0
11%

T
I

BI

FI
RB

EN
M
SE

M
N
ER
V
O
G
L
A
TR
N
YES NO

CE
 Que : Which Among The Following QUE : How Long Do You Like To
Que: What Type Of Investment Principle Do You Consider While Hold Your Mutual Fund’s
Do You Prefer? Selecting A Mutual Fund Investment?

Investment Prefer Principle selected Hold duration of

for Mutual Fund mutual fund
Finding about
its past per-
17%
formance 9%
SIP
Enquiring 13%
lumpsum 11% about the Fund
Manager
54%
Identifying
30% your own ob- 24%
59%
jective
83%

1 to 3 years 4 to 6 years
7 to 10 years More than 10 years
 QUE: In which type of fund or
Que: How Much Money You Have QUE: Which Type Of Scheme Do scheme you have interested in
Invested In Mutual Fund? You Prefer To Invest? Mutual Fund?

Money Invested in Mutual Scheme Prefer to Mutual Scheme prefer to Invest

Fund Fund

Balance Fund
Less Than 5000 Equity Fund
5001 - 10000 Income Fund
9% OPEN ENDED 3 2%
21% Index Fund
7% 10000 - 20000
CLOSE ENDED % 6 5% 2
20000 - 40000 0 Special Fund
%
46% 7% % Liquid Fund
20% More Than 40000
Money Market Fund
14%
other
79% 43%
18%
 TO BE CONTINUE….
QUE: After Investment, How
QUE: In Which Sector Of Mutual Frequently You Monitor The QUE: In Which Type Of
Fund Do You Prefer For Your Performance Of The Mutual Private Sector Company Do
Investment? Fund? You Want To Invest?

Sector Prefer to In- Monitor the Per- Private sector Mu-

vestment formance of Mutual tual Fund
Fund ICICI Mutual
Fund
Weekly Aditya Birla
Public Sector 2%
Once a Month Mutual Fund
26% Private Sector 6%
Both
Once a year 28% HDFC Mutual
12% 25% Fund
50% 25% Rarely
Reliance Mu-
tual Fund
24%
41%
61%
 TO BE CONTINUE….
QUE: In Which Type Of Public QUE: What Do You Consider
Sector Company Do You Want To The Most Important Parameter QUE: How Do You Rate Mutual
Invest? While Investing? Fund On The Basis Of Returns?

Public Sector Mutual Important Parameter while Rating on the basis of return
Investing
Fund Highly Satisfactory Satisfactory
Average Dissatisfactory
Highly dissatisfactory
9%
LIC 25% Risk PROFILE 9%
16%
13% SBI 14% RETUENS
7% IDBI BANK CREDIT RATING
46% OTHER COMPANY

29%

34%

46%
52%
 TO BE CONTINUE….
QUE: How Do You Rate Mutual QUE: How Do You Rate Mutual
Fund On The Basis Of Risk Fund On The Basis Of Fund QUE: What Is Your Overall
Exposure? Portfolio? Experience With Mutual Fund?

Rating on the basis of Risk Rating on the basis of Fund Overall experience of Mutual
Exposure Portpolio Fund
Highly Satisfactory Satisfactory Highly Satisfactory Satisfactory Highly Satisfactory Satisfactory
Average Dissatisfactory Average Dissatisfactory Average Dissatisfactory
Highly dissatisfactory Highly dissatisfactory Highly dissatisfactory

10% 4% 5%
14% 10% 8% 16%

30%

17%

39% 35%
37%
37%

39%
 TO BE CONTINUE….

QUE: What Is Your Level Of Satisfaction Towards

Investment In Mutual Fund?

Satisfaction Towards Mutual Fund

7%
18% low
Medium
high

75%
 CHI SQUARE TEST - 1
Chi-Square Tests
 There is signification 2. Age * 8. What type of Investment do you
relationship between Age and prefer ? Cross tabulation
Asymptotic
Count
Type of investment you prefer 8. What type of
Significanc
  Value df e (2-sided)
Investment do you
 Ho: There is no signification prefer ?
Pearson Chi-Square 19.228a 3 <.001

relationship between Age and   1 2 Total

Likelihood Ratio 14.496 3 .002
2. Age 1 78 10 88
Linear-by-Linear 19.018 1 <.001
Type of investment you prefer 2 3 2 5
Association
3 2 4 6
N of Valid Cases 100    
4 0 1 1
a. 6 cells (75.0%) have expected count less than 5.
Total 83 17 100
The minimum expected count is .17.

Test Interpretation

IT CAN BE SEEN FROM THE TEST RESULTS THAT CHI SQUARE CALCULATED IS
MORE THAN CHI SQUARE TABULATED (.001 < 0.05) THEREFOR WE REJECT THE
NULL HYPOTHESIS AND ACCEPT THE ALTERNATIVE HYPOTHESIS.
 CHI SQUARE TEST - 2
HYPOTHESIS:
2. Age * 10. How long would you like to Chi-Square Tests
 H1: There is signification hold your Mutual Fund’s Investment? Cross
tabulation
relationship between Age and Count
Asymptotic
Significanc
How long you like to hold your 10. How long would you like to
  Value df e (2-sided)
hold your Mutual Fund’s
mutual fund’s investment Investment? Tota
Pearson Chi-Square 16.492a 9 .057
  1 2 3 4 l Likelihood Ratio 11.185 9 .263
 H0: There is no signification 2. Age 1 50 20 12 6 88 Linear-by-Linear 4.010 1 .045
2 1 3 0 1 5
relationship between Age and 3 3 1 1 1 6
Association
N of Valid Cases 100    
How long you like to hold your 4 0 0 0 1 1 a. 12 cells (75.0%) have expected count less than 5.
Total 54 24 13 9 100 The minimum expected count is .09.
mutual fund’s investment

Test Interpretation
IT CAN BE SEEN FROM THE TEST RESULTS THAT CHI SQUARE CALCULATED
IS MORE THAN CHI SQUARE TABULATED (.057 < 0.05) THEREFORE WE
REJECT THE NULL HYPOTHESIS AND ACCEPT THE ALTERNATIVE
HYPOTHESIS.
 FINDINGS

88 Respondents are in age between 18 – 30

59 Respondents are male which is more than female
57 Respondent are students and 38 respondents are doing business and private jobs
18 Respondents annual income falls under 300000 – 500000
7% people’s Annual income is more than 500000
86 Respondents are aware about Mutual funds
 TO BE CONTINUE….

63 Respondents are believes that Mutual Fund is regulated by SEBI.

83 Respondents are prefer to do SIP( Systematic Investment Plan).
59 Respondents consider Finding about its past performance while they selecting a
Mutual Fund
54 Respondents are hold their Mutual Fund for up to 3 years.
84 Respondents are invested their money in Mutual fund up to 20000
 TO BE CONTINUE….

79 Respondents are prefer OPEN ENDED scheme for investment in Mutual Fund.
39 Respondents are selected EQUITY FUND for investment in Mutual Fund.
50 % people are selected both (Public &Private) sector of Mutual Fund for investment.
61% peoples are monitor their investment once in a month.
41 % people are prefer to invest their investmentin Aditya Birla Mutual fund as a
private sector mutual fund company
 TO BE CONTINUE….

34 Respondents are select SBI for investment in public sector as a mutual fund company.
52 Respondents are consider returns of their investment as an important parameter while
investing.
46% people are satisfied with their returns in their mutual fund.
39 respondents believes that in mutual fund there is average risk exposure
39 respondents are satisfied with their fund portfolio
38 respondents are satisfied with the overall experience with mutual fund
75 Respondents are have medium satisfaction towards Mutual Funds.
 LIMITATION OF THE STUDY

The Study confined only public and private sector mutual fund in India.
The study is based on secondary source of information
The sample size was limited.
The sample was taken from the population residing in Ahmedabad only, so the results
are not applicable to whole of India
The possibility of respondents being biased cannot be ruled out.
 CONCLUSION
• A mutual fund is a from of collective investment. It is a pool of money collected from various
investors which is invested according to the stated investment objective. The fund manager is
the person who invested in different type of securities according to the predetermined
objectives. The portfolio of mutual fund is decided taking into consideration this investment
objectives. Mutual fund investors are like shareholders and they own fund. The income earned
through these in investments and the capital appreciation realized by the scheme is shared by its
unit holder in proportion to the number of unit owned by them. The value of the investments
can go up or down, changing the value of the investors holding. Mutual funds are one of the
best investments ever created because they are very cost efficient and very easy to investment
in.
 REFERENCES

 https://revistia.com/index.php/ejes/article/view/5327

 https://www.ijmpr.org/index.php/IJMPR/article/view/57

 http://14.139.186.108/jspui/handle/123456789/32153

 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4185596

 https://d1wqtxts1xzle7.cloudfront.net/59804678/30_A_Comparative_Study_on_Mutual_Fund_Schemes_of_Selected_AM
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THANK YOU!