A STUDY ON PERFORMANCE EVALUATION OF MUTUAL FUNDS

With reference to GREENKO ENERGIES Pvt Ltd, SATTINAPALLI.

A project report submitted to J.N.T.U., KAKINADA
In partial fulfillment of the requirement for the award of the Degree of
MASTER OF BUSINESS ADMINISTRATION

Submitted by
SUMAN
(127L1E0006)
Under the Guidance of
Mr. T JAGADEESH , M.B.A
Asst. Professor
DEPARTMENT OF MASTER OF BUSINESS ADMINISTRATION

SRI VANI SCHOOL OF MANAGEMENT
(Affiliated to Jawaharlal Nehru Technological University Kakinada,)
CHEVUTURU, VIJAYAWADA
KRISHNA DT,AP. PIN-521229
YEAR 2011-2013
ACKNOWLEDGEMENT
I hereby take this opportunity to express my sincere gratitude to the following persons whose aid
and advised me to complete this project work successfully without any difficulty.
I express my sincere thanks to Dr. RAJA TALLURIPrincipal SRIVANI EDUCATIONAL
SOCIETY GROUP OF INSTITUTIONS.CHEVUTURU who allowed me to undergo this
project.
I express my sincere thanks to Dr. RAJA TALLURI, Dean SRIVANI SCHOOL OF
MANAGEMENT CHEVUTURU who allowed me to undergo this project.
I express my thanks to MR. M ASHOK KUMAR Assist Professor, Dept .of MBA, SRI VANI
SCHOOL OF MANAGEMENT CHEVUTURU for his valuable guidance and timely support for
completion of this project work.
I express my profound gratitude to Mr.PRATAP (MUTUAL FUNDS).Took interest and effort
to guide me for the preparation of this project report.
As a token of my feeling, and my sincere thanks to my friends, parents, and librarian, who
supported me directly and indirectly for the successful completion of my project work.







Y.SIRISHA

DECLARATION

I, YEDLAPALLI.SIRISHA hereby declare that this project title A STUDY ON
PERFORMANCE EVALUTION OF MUTUAL FUNDS in GREENKO CAPITAL
ASSET MANAGEMENT IN VIJAYAWADA, has been prepared by me during period of 45
days and submitted to JNTU Kakinada. Through SRIVANI GROUP OF
INSTITUTIONSChevuturu.In partial fulfillment for the requirement in awarding the degree of
Master of Business Administration.
I also declare that this project is the result of my sincere effort and that it has not been submitted
to any other university.




Place: CHEVUTURU Name : SUMAN








CERTIFICATE

This is to certify that Ms. YEDLAPALLI SIRISHA
of MBA(Final) with Reg.No: 117L1E0063 of Batch 2011-13 has done bonafide project work
entitled A STUDY ON PERFORMANCE EVALUTION OF MUTUAL FUNDSIN
GREENKO CAPITAL ASSET MANAGEMENT VIJAYAWADA under my guidance,
submitting to the Department of Management studies. JNTU Kakinada for the partial fulfillment
for the requirement in awarding the degree of Master of Business Administration.




DEAN
Dr.T.RAJA (BCA, MBA, P.HD.)
Place: CHEVUTURU
[PROJECT GUIDE]
MR. JAGADISH
DATE:

INDEX
CONTENTS

CHAPTER 1 INTRODUCTION
Objectives
Scope of study
Research methodology
Limitations
CHAPTER 2
INDUSTRY PROFILE
CHAPTER- 3
COMPANY PROFILE
CHAPTER 4
DATA ANALYSIS AND INTERPRETATION
CHAPTER- 5
SUMMARY OF FINDINGS & CONCLUSION
CHAPETER-6
SUMMARY OF SUGGESTIONS
CHAPETER-7
BIBLIOGRAPHY




Chapter 1
Introduction
INTRODUCTION
Each investment alternative has its own strengths and weaknesses. Some options seek to
achieve superior returns (like equity), but with corresponding higher risk. Other provide safety
(like PPF) but at the expense of liquidity and growth. Other options such as FDs offer safety and
liquidity, but at the cost of return. Mutual funds seek to combine the advantages of investing in
arch of these alternatives while dispensing with the shortcomings.
Indian stock market is semi-efficient by nature and, is considered as one of the most respected
stock markets, where information is quickly and widely disseminated, thereby allowing each
securitys price to adjust rapidly in an unbiased manner to new information so that, it reflects the
nearest investment value. And mainly after the introduction of electronic trading system, the
information flow has become much faster. But sometimes, in developing countries like India,
sentiments play major role in price movements, or say, fluctuations, where investors find it
difficult to predict the future with certainty. Some of the events affect economy as a whole, while
some events are sector specific. Even in one particular sector, some companies or major market
player are more sensitive to the event. So, the new investors taking exposure in the market
should be well aware about the maximum potential loss, i.e. Value at risk.
It would be good to diversify ones portfolio to include equity mutual funds and stocks.
The benefit of diversification are that while risk exposure from a particular asset may not be very
high, it would also give the opportunity of participating in the party in the equity markets- which
may have just begun- in a relatively safe manner(than investing directly into stock markets).
Mutual funds are one of the best options for investors to choose from. It must be realized that the
performance of different funds varies time to time. Evaluation of a fund performance is
meaningful when a fund has access to an array of investment products in market. An investor can
choose from a variety of funds to suit his risk tolerance, investment horizon and objective. Direct
investment in equity offers capital growth but at high risk and without the benefit of
diversification by professional management offered by mutual funds.

India presents a vast potential for investment and is actively encouraging the players especially
entrance of foreign players into the market. India is also one of the few markets in the world
which offers high prospects for growth and earning potential in all areas of business.
In the current market scenario where there is more expenditure than ones salary,
inflation touching its high and fixed deposits going down day by day, thus net rate of return on
the investments being below the inflation rate. To meet these growing requirements, the
investors need to invest his disposable income to reap short as well as long term benefits. Those
who do make diverse investments are able to squeeze maximum benefits.
The rationale behind undertaking this project is to understand the awareness and
acceptance of various investment alternatives and to make a comparative study as which mode of
equity investments are preferred by individuals. That is direct equity or the mutual funds.












OBJECTIVES:

To make a comparison between direct investment in equity and investment through
Mutual funds.

Study of select Mutual Funds schemes with the point of attractiveness to investors.

The main purpose is to study whether mutual fund is investors best choice or not.

The objective of doing this project is to make a study of various investment schemes in
the secondary market.

To examine mutual funds investment with equity shares and relative to NIFTY &
SENSEX.

To study the performance of selected mutual fund companies & equity companies & their
performance in 1 year.

To reveal the current situation of mutual funds and equities as well as index in last 1 year
in India.







SCOPE OF STUDY
Geographical scope
The data for the research was collected from five zones of sattinapalli
Product scope
The research was conducted to find out about the preference of the target population for Equity
Diversified Mutual Funds and Direct Equity. Besides this the research was conducted to know
about reasons for preferring mutual funds and direct equity funds.
1. The study is limited to mutual funds with special reference to comparative
Study on mutual funds in the Indian context.
2. The study has made a humble attempt in evaluating mutual funds.
3. The study is not based on International perspective of mutual funds.
4. The study will help to know the rate of growth of different equity funds Having Growth
option. This project report may help the company to make further planning and strategy.









RESEARCH METHODOLOGY
Research Design

First an exploratory research was conducted to get some insights about the topic. Secondary data
analysis was performed. It was followed by questionnaire filling. Findings of the exploratory
research were regarded as input to further research. This research will be followed by descriptive
design.
Target Population

The target population mainly included service class people. Hence convenient sampling was
used in deciding on the target population
Data Collection
Secondary Data
Secondary data was collected from various sources such as internet and financial magazines.
Primary Data
In Primary data, structured questionnaire was made and the target respondents were asked to fill
the questionnaire.






LIMITATIONS
Paucity of time as we have to do this project with our course curriculum doing all other
assignments, exams etc.

Indian stock market is semi-efficient market, where sentiments play a major role in price;
hence 100% accurate predictions cannot be made about its future path.

Only growth funds are taken.
Due to limitation of time all sectors are not study only selected has been studied.
The data of mutual fund companies & equity companies is taken only for 3 & 6 months &
1 year due to non availability of data.

The finding of this study cannot be generalized for all the sector equity schemes as every
fund has its own fund.

This analysis is made on the basis of primary and secondary data.














CHAPTER2
INDUSTRY PROFILE










BUSINESS OVERVIEW
Greenko's strategy is to create a well-diversified power portfolio which is diversified both
technologically and geographically, has no fuel dependency and is at grid parity. We generate
electricity from a variety of clean technologies, broadly spread across India's different
geographies. Our intention is to work in those States that offer a good renewable resource, as
well as a supportive economic and regulatory environment for renewable energy. As such, we
are increasingly developing clusters of projects, as this builds on our local knowledge and
goodwill, ensures faster implementation, better operational management and more robust
resource data. This approach means we mitigate risk, secure multiple revenue streams and are
positioned to lock-in the most attractive new opportunities.
HYDRO PORTFOLIO
Greenko is one of the largest operators of small hydro projects in India and will continue
to add medium sized hydro projects to retain a balance of assets to ensure that risk is spread both
geographically and across technologies. We selectively choose projects that can be developed
within a cluster, thereby increasing developmental and operational synergies. Our projects have
minimal social & environmental issues as well as low gestation period due to fewer clearances
and predictable construction.
WIND PORTFOLIO
The Group's wind strategy is based on extensive analysis aimed at delivering a reliable long term
generation profile, using validated wind data, robust project design and commercial return
hurdles. Our execution plan is differentiated from the broader Indian wind energy market that is
focused on scale and turnkey solutions. To support this strategy, Greenko is partnering with
leading wind turbine manufacturers in the world to develop 1,015 MW of wind assets.



Greenko's diversified portfolio of clean energy power projects, both operating and under
active development, is an attractive and sustainable class of long term assets for the Indian
market. The grid parity achievement of the Group's wind and hydro portfolio, coupled with
India's growing inefficiency to deliver cost-effective power from fossil fuel sources, means that
Greenko is well positioned to provide financially attractive, sustainable long term returns.

HYDRO POWER
With a potential of over 50 GW in small and medium hydro power, Greenko selectively chooses
run of the river projects between 20-100 MW which can be developed within a cluster thereby
increasing developmental and operational synergies. These projects have minimal social &
environmental issues and a low gestation period owing to fewer clearances and predictable
construction.

The Group currently operates 151 MW of Hydro assets spread across the northern and southern
India resource regimes. Over 200 MW of projects are currently under construction with over 230
MW in development.
AMR
Perla Mini Hydro Project (AMR) is located on the banks of Netravathi River near Perla-
Shamboor, Bantwal Taluk of Dakshina Kannada, Karnataka. The project is build owned and
operated by AMR Power Pvt. Ltd., a subsidiary of Greenko Energies Pvt. Ltd. Perla has
Horizontal Full Kaplan turbines with rated output of 5102 kW and has a PPA with
KPTCL/MESCOM (state DISCOM) for 15 years. The project is registered under UNFCCC's

Installed Capacity: 24.75
MW
Annual Generation: 80.22
MU
Annual CERs
Generated: 60,816


Rithwik
Shamburi Mini Hydel Scheme (Rithwik)is located on the banks of Netravathi river near
Shamburi Village, Bantwal Taluk of Dakshina Kannada, Karnataka. The project is build owned
and operated by Rithwik Energy Generation Pvt. Ltd. Shamburi has Horizontal Full Kaplan
turbines with rated output of 4800 kW and has a PPA with PTC (merchant market selling). The
project is registered under UNFCCC's Clean Development Mechanism.

Installed Capacity: 24.75
MW
Annual Generation: 79.14
MU
Annual CERs
Generated: 60,816

Hemavathy MHS
Hemavathy is a two phased project located at the foot of Hemavathy Dam (Built in 1984), Gorur
Village, Hassan District,Karnataka. The project includes the Hemavathy Left Bank Canal
(HLBC) power project of 16 MW capacity and the Hemavathy River Bed power project of 8
MW capacity. The project has been operational since 2004.It has a Power Purchase Agreement
with KPTCL/ CESCO, a Karnataka State Government Undertaking.

Installed Capacity: 24 MW Annual Generation: 86.20 MU


Upper Joiner SHP
Upper Joiner SHP is located on Joiner Khad, a tributary of Siul, which is a tributary of Ravi
River, in Chamba District, Himachal Pradesh. The project is operated by Tejassaranika Hydro
Energies (Pvt) Ltd. ("THEPPL"). The project has been operational since 10th Aug 2011.
THEPPL has a PPA with PTC for a period of 15 years.

Installed Capacity: 12 MW Annual Generation: 55.18 MU
Jasper MHS
Sonna Mini Hydel Scheme (Jasper MHS) is located on the Sonna barrage across Bhima River
near Sonna Village, Afzalpur Taluk of Gulbaraga district, Karnataka. The project is build owned
and operated by Jasper Energy Pvt. Ltd., a subsidiary of Greenko Energies Pvt. Ltd. Sonna has
Horizontal 'S' type Full Kaplan with rated output of 3500 kW and has a PPA with HESCL (state
DISCOM). The project is registered under UNFCCC's Clean Development Mechanism.

Installed Capacity: 10.50 MW
(3 x 3.5)
Annual Generation: 27.59
MU
Annual CERs
Generated: 23,387

Sai Spurthi MHS
Chunchi Doddi Mini Hydel Scheme (Sai Spurthi MHS) is located on Arkavati River near
Chunchi Doddi Village in Karnataka. With an installed capacity of 10.25 MW, the project is
operated by Sai Spurthi Power (P) Ltd. It has 3 units and has been operational since 2005. Sai
Spurthi has a PPA with KPTCL for 10 years. The project is registered under UNFCCC's Clean
Development Mechanism.

Installed Capacity: 10.25
MW
Annual Generation: 33.22
MU
Annual CERs
Generated:


Upper Awa SHP
Upper Awa SHP is located on Awa Khad, a tributary of Binwa River in Beas basin in Kangra
District, Himachal Pradesh. The project is operated by Astha Projects (India) Ltd. ("APIL"). The
project has been operational since May 2008. APIL has a PPA with Himachal Pradesh State
Electricity Board for 40 years.

Installed Capacity: 5 MW Annual Generation: 27.16 MU


Dehar SHP
Dehar SHP is located on Dehar Khad, a tributary of Gaj Khad in Beas basin in Chamba District,
Himachal Pradesh. The project is operated by Astha Projects (India) Ltd.("APIL"). The project
has been operational since July 2004. APIL has a PPA with Himachal Pradesh State Electricity
Board for 40 years.

Installed Capacity: 5 MW Annual Generation: 24.09 MU Annual CERs Generated: 24,000



Sahu SHP
Sahu SHP is located on Sahu Khad, a tributary of Ravi River, in Chamba District, Himachal
Pradesh. The project is operated by Him Kailash Hydro Power (Pvt) Ltd. ("HKHPPL"). The
project has been operational since 1st August 2008. HKHPPL has a PPA with Himachal Pradesh
State Electricity Board for 40 years.

Installed Capacity: 5 MW Annual Generation: 27.16 MU






Taraila II SHP
Taraila II SHP is located on Taraila rivulet, a tributary of Baira Nallah which is a tributary of
Ravi River, in Chamba District, Himachal Pradesh. The project is operated by Cimaron
Constructions Pvt. Ltd. ("CCPL"). The project has been operational since 2nd March 2009.
CCPL has a PPA with Himachal Pradesh State Electricity Board for 40 years.

Installed Capacity: 5 MW Annual Generation: 30.88 MU



Taraila III SHP
Taraila III SHP is located on Taraila rivulet, a tributary of Baira Nallah which is a tributary of
Ravi River, in Chamba District, Himachal Pradesh. The project is operated by Tarela Power Ltd.
("TPL"). The project has been operational since 10th June 2011. TPL has a PPA with Himachal
Pradesh State Electricity Board for 40 years.

Installed Capacity: 5 MW Annual Generation: 30.88 MU


Upper Taraila SHP
Upper Taraila SHP is located on Taraila rivulet, a tributary of Baira Nallah which is a tributary
of Ravi River, in Chamba District, Himachal Pradesh. The project is operated by AT Hydro
Power (Pvt) Ltd. ("ATHPPL"). The project has been operational since 10th Sept 2009. ATHPPL
has a PPA with Himachal Pradesh State Electricity Board for 40 years.

Installed Capacity: 5 MW Annual Generation: 29.79 MU








CHAPTER III
COMPANY PROFILE



















COMPANY PROFILE
Introduction
Your Board announced on 15 March 2013 that it has conditionally agreed with
Cambourne Investment Private Limited, an affiliate of the Government of Singapore Investment
Corporation Pte. Ltd., that CIPL will invest 100 million in GM, the immediate subsidiary of
Greenko, in the form of GM Shares. GIC is one of the world's leading sovereign wealth funds
with considerable expertise in long-term, infrastructure investmentacross the world. The
Subscription proceeds will be used to help accelerate the Company past its original target of
1,000 MW in 2015 and establish the foundations for the next stage of Greenko's growth strategy
to approximately 2,000 MW in 2018.
The terms of the Subscription include the right for CIPL to exchange GM Shares for an
equivalent number of Ordinary Shares in certain circumstances. Consequently, the Subscription
is conditional on the Company
increasing the Company's authorised share capital and authorising the Company to allot and
issue Ordinary Shares to CIPL. Accordingly, the purpose of this document is to convene the
EGM at which the Resolutions
required to complete the Subscription will be proposed and to provide you with further details of
the Subscription.
Background
Your Board is delighted to have attracted a strategic investor of GIC's stature to help
develop Greenko'sbusiness and achieve its aim of becoming India's leading clean energy
developer and operator. Since its flotation in 2007, Greenko has built a profitable and highly
attractive portfolio of run-of-river hydro, wind, biomass and gas assets. The Company now has
over 2,000 MW of secured capacity that includes 309 MW of operating generating plants and
390 MW of projects under construction. Projects under constructionPAGE 7include 188 MW of
run-of-river hydro and 202 MW of utility scale wind farms. All these projects should be
commissioned within the next two years with further projects expected to begin construction this
year.


Greenkos results statements provide detailed information on its active development
pipeline, but behind this is a much larger set of opportunities that the Company is continually
assessing, in wind and hydro power. The Board believes the additional capital will help unlock
opportunities that should significantly enhance Shareholder returns from its first 1,000 MW of
capacity and put the foundations in place for the projects needed to reach approximately 2,000
MW in 2018. In particular, the Company intends to capitalise on the changing Indian power
market by increasing the size and number of highly attractive hydro projects being developed in
its three Northern Clusters (Himachal Pradesh, Sikkim and Arunachal Pradesh) and by moving to
multi-MW scale wind turbines that should increase returns in India's low wind speed
environment.
The backdrop for power in India remains positive, with demand continuing to outstrip
supply and over the last five years, India's power market has developed significantly. This
creates a unique opportunity for Greenko's portfolio of clean energy projects, which can now
profitably sell power in most Indian States at or below the price of conventional generation,
helped by the fact that wind and run-of-river hydro projects are quicker to build and do not
require the onerous permitting and infrastructure associated with conventional generation. Your
Board strongly believes that Greenko's diversified portfolio of projects is an attractive long term
asset in the Indian market.
While Greenko is on track for its 2015 target of 1,000 MW of operational capacity, there are
many further opportunities to grow the business beyond that and improve returns from the first
1,000 MW. As a result, your Board believes the proposed investment by CIPL not only adds
another highly respected shareholder, it provides the Company with the capability to improve its
return on invested capital, exceed its 2015 goal of 1,000 MW and put it on track for
approximately 2,000 MW in 2018. The Group's current strategy is set out in more detail in the
Interim Results Announcement for the period ended 30 September 2012 which was published on
13 December 2012, and the Group expects to make further announcements on the substantive
acceleration of its growth profile in the weeks following the EGM.




Current operations Greenko's assets are currently running in line with market
expectations and the projects under construction remain on time and on budget. It is anticipated
that Greenko's first utility scale wind farm, Ratnagiri Phase-1 (65.6 MW) should be
commissioned in April 2013 and would attract an improved tariff of Rs5.80/kWh, plus the
recently reinstated Generation Based Incentive (Rs0.5/kWh). Greenko's second utility scale wind
farm, Basvanbagewadi Phase-1 (51.2 MW), currently has 24 MW of turbines up and remains on
track for commissioning ahead of the monsoon, while the turbines for its third utility scale wind
farm, Balavenkatapuram Phase-1 (51.2 MW), are expected to begin arriving on site in April
2013. Greenko's existing northern hydro projects in Himachal Pradesh have performed strongly,
thanks to strong hydrology. Some time ago, the Company recognised the opportunity to further
improve portfolio returns through the expansion of its northern portfolio to include larger
projects, which can connect directly to the high voltage transmission network and deliver
premium priced peaking power. After substantial development work, the Company announced
on 15 March 2013 the addition of 425 MW of new projects to its active development pipeline.
These consist of two projects (45 MW and 70 MW) that were added to the existing
hydro cluster in Himachal Pradesh and four projects (90 MW, 80 MW, 70 MW and 70 MW) that
were added to form a new regional cluster in Arunachal Pradesh, with site work expected to start
in both areas in late 2013.
TERMS OF THE SUBSCRIPTION
CIPL will subscribe for 100 million for the issue of GM Shares. The Subscription is
conditional, inter alia, on the passing of the Resolutions. The GM Shares do not carry any rights
to a fixed dividend, or any entitlement to participate in any dividends or distributions made by
GM. CIPL will have the right, in the ordinary course, to exchange the GM Shares for Ordinary
Shares from 1 July 2015 to 30 June 2017 except in certain limited circumstances where CIPL
will have the right to an earlier exchange. If, on the date PAGE 8immediately preceding the
expiry of the exchange period, the GM Shareholders have not fully exercised their Exchange
Rights, they shall be deemed to have so exercised in respect of all GM Shares held by them on
such date, except in respect of any GM Shareholder who is an insider in which case the exchange
period will be extended for an appropriate time until such GM Shareholder ceases to be an
insider.
CIPL has normal minority protections for this type of investment, including the right to
appoint up to two directors to the GM board, rights of approval over a number of GM Group
related matters and access to monthly management reporting.
TERMS OF THE ADJUSTMENT AGREEMENT
During the period commencing from the date of Completion and expiring upon the GM
Shareholders ceasing to hold any GM Shares, there may be an adjustment to the number of GM
Shares held by CIPL pursuant to the Adjustment Agreement, subject to the adjustment not
resulting in the Company holding less than 51 percent. of entire issued capital of GM. The GM
Shares initially subscribed for by CIPL will be equivalent to no less than 19.5 per cent. of the
fully diluted share capital of Greenko. CIPL (and any person(s) it is acting in concert with) is
limited to holding no more than 29.99 per cent. of Greenko's enlarged share capital at any time,
with any balance held in GM Shares such that CIPL is limited to a minority interest in GM at any
one time. Further details of the Adjustment Agreement are set out at Appendix 2. Depending on
the number of GM Shares then held by CIPL, and the number of Ordinary Shares then in issue,
the exchange for Ordinary Shares might potentially result in CIPL being entitled to receive more
than 29.99 per cent. of the Enlarged Share Capital. Although this is considered unlikely by the
Company, the number of Ordinary Shares that could be held by CIPL (together with any
person(s) it is acting in concert with), following the exchange for Ordinary Shares, is capped at
29.99 per cent. of the Enlarged Share Capital.
Proposed amendments to the GEF investment
In October 2009, GEF subscribed US$46.2 million for the issue of preference shares in
GM. GEF was granted the option, in certain circumstances, to swap its preference shares for
Ordinary Shares pursuant to the terms of a put option. In December 2011, the Company amended
and restated the put option to clarify its terms in order for GEF's investment to be treated in
Greenko's accounts as equity. As a consequence of the CIPL investment, your Board proposes to
vary or restate the terms of the GEF put option to restore it to its original commercial terms as
described in the circular dated 7 October 2009 to Shareholders, while maintaining its treatment
in Greenko's accounts as equity, and to extend those original commercial terms and the exercise
window for the GEF put option by one year so that it might be aligned with the exercise window
for the Exchange Rights. GEF's affirmative rights on management reserved matters and
shareholder reserved matters would also be extended to 1 July 2015, along with GEF's right to
appoint two directors to the GM Board. In order for Greenko to have sufficient authority to allot
the corresponding shares over the extended period for the put option once it has been varied or
restated as outlined above, Resolution 3 set out in the Notice of EGM substitutes the authority
that Shareholders gave at the time of GEF's original investment. No such variation or restatement
has yet been agreed with GEF and any such variation or restatement would be categorised as a
related party transaction under the AIM Rules, given GEFs existing interest in preference shares
in GM. Appropriate independent confirmation would be given at that time that any such terms
are fair and reasonable insofar as Shareholders are concerned.
EXTRAORDINARY GENERAL MEETING
Set out on pages 13 to 14 of this document is the Notice of EGM to be held at 12.00 noon
on 8 April 2013 at 4th Floor, 14 Athol Street, Douglas, Isle of Man IM1 1JA at which the
Resolutions will be proposed.
The resolutions to be proposed at the EGM will be proposed as resolutions (as defined in
the Articles, i.e.requiring a majority in excess of 50 per cent., a "Resolution"). PAGE
9Resolution 1, which will be proposed as a Resolution, provides for an increase in the
Company's authorised share capital from 215 million Ordinary Shares to 300 million Ordinary
Shares.
Resolution 2, which will also be proposed as a Resolution, authorises and empowers the
Directors to allot and issue:
(a) up to a maximum of 45,000,000 Ordinary Shares to the GM Shareholders in satisfaction of
the Company's obligations upon the exercise of the Exchange Rights; and(b) in the event that
GM Shareholders are entitled to more than 45,000,000 Ordinary Shares upon the exercise of the
Exchange Rights, such number of further Ordinary Shares as shall, when aggregated with the
number of Ordinary Shares allotted and issued pursuant to paragraph (a), not exceed 29.99 per
cent. of the Enlarged Share Capital,in each case free of any pre-emption rights contained in the
Articles.




Resolution 3, which will also be proposed as a Resolution, authorises and empowers the
Directors (in substitution for the authority and power that the Directors were given at the
Company's annual general meeting in 2009) to allot and issue up to 29,124,371 Ordinary Shares
pursuant to the exercise by the holders of preference shares in GM of their rights under the put
option deed poll of the Company entered into on 24 November 2009 by (as varied by a deed of
variation dated 2 December 2011) and as subsequently amended and/or varied and/or restated
and/or replaced from time to time.
Action to be taken in respect of Extraordinary General Meeting
Shareholders will find enclosed with this document a Form of Proxy for use at the
Extraordinary General Meeting. Whether or not Shareholders intend to be present at the EGM,
they are requested to complete and return the Form of Proxy so as to reach IQE Limited at 4
th Floor, 14 Athol Street, Douglas, Isle of Man IM1 1JA as soon as possible and in any event not
later than 48 hours before the time appointed for the Extraordinary General Meeting, being 12.00
noon (UK time) on 8 April 2013.
Completion and return of a Form of Proxy will not however prevent the relevant
Shareholder from attending the Extraordinary General Meeting and voting in person if he should
wish to do so.
RECOMMENDATION
The Directors believe that the Subscription is in the best interests of Shareholders and
intend to vote their shareholdings, which total 22.5 million Ordinary Shares (approximately 14.9
per cent. of the Existing Ordinary Share Capital), in favour of the resolutions to be proposed at
the EGM. Furthermore, Aloe Private Equity, the Company's founding investor has confirmed to
the Board its intention to vote in favour of the resolutions to be proposed at the EGM in respect
of its holding of 16.8 million Ordinary Shares (representing 11.2 per cent. of the Existing
Ordinary Share Capital) as has TPG, which holds 12.1 million Ordinary Shares (representing 8.1
per cent. of the Existing Ordinary Share Capital). All the shareholders in GM have given their in
principle approval to the Subscription, subject to final documentation (which, in GEF's case,
includes the variation or restatement of its put option arrangements as outlined above).


CIPL has agreed, conditional on, inter alia, the passing of the Resolutions and the receipt
of detailed consents from certain of GM's stakeholders, to subscribe for 74,074,074 GM Shares
subject to the terms of the SSA. Greenko and GM have agreed to pay a termination fee of
US$500,000 (inclusive of all costs and expenses) in the event that Completion does not take
place as a result of the non-fulfilment of a condition that is within their control. The GM Shares
will not carry any right to a fixed dividend nor any entitlement to participate in any dividends
or distributions made by GM. Under the terms of the SSA, GM Shareholders (for so long as they
hold more than 10 per cent. of the voting rights attached to the issued share capital of GM
("Voting Rights")) will be entitled to appoint two directors to the GM board. This will be
reduced to one director if the GM Shareholders hold 10 per cent. or less, but more than 5 per
cent., of the Voting Rights. They will also (for so long as they hold more than 5 per cent. of the
Voting Rights) have rights of approval on a number of GM Group related matters, including the
following:
Changes in the activities of the GM Group; capital raising, borrowings and the creation or
grant of security over its assets; acquisitions and disposals; and the payment of distributions
(outside an agreed limit). The GM Shareholders will also (for so long as they hold more than 5
per cent. of the Voting Rights) have certain information rights (such as the right to receive
monthly management information and quarterly management accounts). The Company and GM
on a joint and several basis, and Anil Kumar Chalamalasetty and Mahesh Kolli on a several
basis, have provided warranties and indemnities to CIPL regarding certain aspects of the
business of the GM Group and the tax affairs of the Company and GM. Their liability under the
warranties and indemnities is subject to limitations (including, in the case of the Company and
GM, an aggregate cap equal to 116,640,000 and, in the case of Anil Kumar Chalamalasetty and
Mahesh Kolli, an individual cap of 2.5 million). Claims under the SSA have to be notified by
CIPL before the expiry of a period of 30 months from the date of Completion (save for claims
under warranties and indemnities relating to tax and environmental matters where a longer
limitation period linked to the GM Shareholders ceasing to hold any shares in GM has been
agreed).Save in respect of certain provisions, the provisions of the SSA will cease to have effect
upon the GM Shareholders ceasing to hold any GM Shares. One of the continuing provisions is a
right limited to CIPL and its affiliates to appoint directors to the board of GM for so long as they
continue to hold Ordinary Shares
which equate to the Voting Rights thresholds outlined above.The Exchange RightsGM
Shareholders shall have the right to require the Company to implement the Exchange Rights
from 1 July 2015 to 30 June 2017 provided that CIPL shall be entitled to exercise its Exchange
Rights on no more than two occasions and any permitted transferee of CIPL shall be entitled to
exercise its Exchange Rights on no more than one occasion.
Following the issue of an exchange notice, the relevant GM Shareholder shall transfer
such number of GM Shares subject to the exchange to Greenko and Greenko shall allot and issue
to the relevant GM Shareholder in exchange for such GM Shares, an equivalent number of
Ordinary Shares (that is, on a one for one basis).
If the aggregate number of Ordinary Shares to be allotted and issued to a GM
Shareholder would, when aggregated with the Ordinary Shares already held by it and by any
person(s) it is acting in concert with, exceed 29.99 per cent. of the Enlarged Issued Share Capital
at that time (the "Maximum Shareholding"): PAGE 11(a) Greenko shall issue and allot to the
GM Shareholder such number of Ordinary Shares that would increase the GM Shareholder's
shareholding in Greenko (when aggregated with the Ordinary Shares held by any person(s) it is
acting in concert with) to the Maximum Shareholding; and (b) the GM Shareholder shall, in
respect of the balance of GM Shares, be entitled within a period of twelve months to require:(i)
an exchange by way of the further allotment and issue of Ordinary Shares in respect of all or any
portion of the balance of GM Shares provided that, at all time, the number of Ordinary Shares
held by the GM Shareholder and its concert parties does not exceed the Maximum Shareholding;
and/or (ii) Greenko to acquire all or any portion of the balance of GM Shares for cash (at the
volume weighted average price per Ordinary Share immediately preceding the date of the
relevant exercise), payment to be no later than 12 months from the relevant date of exchange.
The GM Shareholders have the right, at any time prior to 1 July 2015, to require an
exchange for a period of 40 business days following a material breach of the SSA or a third party
making an offer for the entire issued share capital or a controlling stake of the Company.





THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE
ATTENTION.
If financial adviser authorised pursuant to the Financial Services and Markets Act 2000 (as amended)
("FSMA") immediately you are in any doubt about the contents of this document or as to the action to be taken, you
should consult your stockbroker or other. If you have sold or otherwise transferred all of your ordinary shares of
0.005 each in Greenko Group plc ("Ordinary Shares") please forward this document, together with the
accompanying notice of Extraordinary.
General Meeting and form of proxy, at once to the purchaser or transferee or to the stockbroker, bank or
other agent through whom the sale or transfer was effected for delivery to the purchaser or transferee. This document
does not contain an offer of transferable securities to the public within the meaning of section 102B of FSMA and
does not constitute a prospectus within the meaning of section 85 of FSMA.
Greenko Group plc(incorporated and registered in the Isle of Man with registered number 001805V)
Proposed 100 million investment by Cambourne Investment Private Limited, an affiliate of the Government of
Singapore Investment Corporation Pte. Ltd.and Notice of Extraordinary General Meeting Your attention is drawn to
the letter from the Chairman of the Company which is set out on pages 6 to 9 of this document and which contains
the unanimous recommendation of your Directors that you vote in favour of the resolutions to be proposed at the
Extraordinary General Meeting to be held on 8 April 2013 at 12.00 noon. Notice of the Extraordinary General
Meeting to be held at 4th Floor, 14 Athol Street, Douglas, Isle of Man IM1
1JA on 8 April 2013 at 12.00 noon is set out on pages 13 to 14 of this document. A form of proxy for use at the
Extraordinary General Meeting is also enclosed with this document. Forms of proxy should be completed and
returned to IQE Limited at 4th Floor, 14 Athol Street, Douglas, Isle of Man IM1 1JA as soon as possible and in any
event so as to be received not later than 48 hours before the time fixed for the Extraordinary
GENERAL MEETING (OR ANY ADJOURNMENT THEREOF).
This document contains statements that are or may be forward looking with respect to the financial condition
and operation of the business of the Company. These statements can be identified by the use of forward looking
terminology such as "believe", "expects", "plan", "should", "may" or comparable terminology indicating expectations
or beliefs concerning future events. These forward looking statements include risk and uncertainty because they relate
to events and depend on circumstances that will occur in the future. There are a number of factors which could or
may cause actual developments to differ materially from those expressed or implied by such forward looking
statements. The Company disclaims any obligation to update any such forward looking statements to reflect future
events or developments.





CHAPTER IV
CONCEPTUAL FRAME WORK











Mutual Fund: An Overview
A Mutual Fund is a type of financial intermediary that pools the funds of investors who
seek to same general investment objective and invest them in a number of different types of
financial claims (e.g., equity shares, bonds, money market instruments). These pooled funds
provide thousands of investors with proportional ownership of diversified portfolios managed by
professional investment managers the term mutual fund is used in the sense that all its returns,
minus its expenses are shared by funds unit holders. Mutual funds are money - managing
institutions set up to professionally invest to the money pooled in form of public. These schemes
are managed by Asset Management Companies (AMC), which are sponsored by asset
management companies (AMC), which are sponsored by different financial institutions or
companies. Each unit of this scheme reflects the share of investor in the respective fund and its
appreciation is judged by the Net Asset Value (NAV) of the scheme.
CONCEPT
A mutual fund is a trust that pools the saving of a number of investors who share a
common financial goal. The money thus collected is then invested in capital market instruments
such as shares, debentures and other securities. The income earned through these investments
and the capital appreciation realized is shared by it unit holders in proportion to the number of
units owned by them. Thus in mutual fund is a most suitable investment for the common man as
it offers an opportunity to invest in a diversified, professionally managed basket of securities at a
relatively low cost.

Mutual fund is corporation, which accepts money from investors and users the same to
buy stocks, long term bounds and short-term bounds debt instruments used by issuers.

Western & j. Fred

One can make money from a Mutual Fund in three ways:
1) Income is earned from dividends on stocks and interest on bonds. A mutual fund pays out
nearly all income it receives over the year to fund owners in the form of a distribution .
2) If the fund sells securities that have increased in price, the fund has a capital gain.
Most funds also pass on these gains to investors in the form of dividends.
3) If fund holdings increase in price but are not sold by the fund manager, the fund's
shares increased in price. You can then sell your mutual fund units for a profit funds will also
usually give you a choice either to receive chique for dividends or to reinvest the same and
get more units.
Share a common financial goal. The money thus collected is then invested in capital
market instruments such as shares, debentures and other securities. The income earned through
in proportion to the number of units owned by them. Thus a mutual fund is the most suitable
investment for the common man as it offers an opportunity to invest in a diversified,
professionally managed basket of securities at a relatively low cost.

MUTUAL FUND OPERATIONS FLOW CHART - I








MUTUAL FOND OPERATION FLOW CHART - 2








There are many entities involved and the following diagram illustration the organizational
set up mutual funds.

STRUCTURE OF MUTUAL FUNDS:

The structure of mutual funds is in according to the SEBI Regulations; 1996. The
regulations state that, there are three structured committees. They are




SPONSOR:
Sponsor is the promoter of the mutual fund. He should be registered with SEBI. The
below conditions should be satisfied
a) Sponsor appoints the trustees, custodians and the AMC with the approval of and in
accordance with SEBI Regulations.
b) He must have at least 5 years track record of business in financial market.
c) He must be getting profits for at least 3 years from the above 5 years.
d) He must contribute at least 40 % of the capital AMC.
TRUSTEES:
Trustees are managed either by the Trust Company or a Board of Trustees. It is his
responsibility of the trustees to protect the interest of the investors. The AMC and other
functionaries are functionally accountable to the trustees. The following are the requirements of
the trustees.
The sponsor executes and registered at Trust Deed, which should be stamped and
registered under the Indian Registration Act.
The appointment of the trustees should be done with the prior approval of the SEBI.
There must be at least four members in the board of trustees and out of the members
existing in the board at least 2/3
rd
must be independent and approval of both the parties is
received.
AMC:
The AMC (Asset Management Companies) are appointed by the trustees, by taking into
considerations the advice of the mutual funds. The AMC is a private limited company the
following are the requirements that are to be full filled by AMC;


Only SEBI registered AMC can be appointed as an investment managers of the mutual
funds
AMC must have at least 10 croresRs. Net worth.
An AMC cannot be an AMC or Trustee of other mutual funds.
AMC can not indulge in any other business other than Asset Management
At least half of the members of the Board of AMC have to be independent.
MUTUAL FUND MANAGER
Mutual fund manager is a person who manages the fund according to the investor's
objectives. The fundamental investment philosophy of any fund and fund manager should be
basically lo protect the capital Erosion of the investor in the bad markets and to ensure that he
gets superior returns in a bull market.
Register and Transfer Agent:
The AMC is so authorized by the Trust Deed appoints the registrar and Transfer agent to
the mutual fund the registrar process processes the application form; redemption requests and
dispatches account statements to the unit holder. The registrar and Transfer agent also handles
communication with investors and updates investor records.








MUTUAL FUND INDUSTRY IN INDIA
The mutual fund industry in India started in 1963 with the formation of Unit Trust of
India, at the initiative of the Government of India and Reserve Bank of India. The history of
mutual funds in India can be broadly divided into four distinct phases.
First Phase-1964-87
Unit Trust of India (UTI) was established on 1963 by an Act of Parliament. It was set up
by the Reserve Bank of India and functioned under the Regulatory and administrative control of
the Reserve Bank of India. In 1978 UTI was de-linked from the RBI and the Industrial
Development Bank of India (IDBI) took over the regulatory and administrative control in place
of RBI. The first scheme launched by UTI was Unit Scheme 1964. At the end of 1988 UTI had
Rs.6, 700 crores of assets under management.
Second Phase- 1987-1993 (Entry of Public Sector Funds)
1987 marked the entry of non- UTI, public sector mutual funds set up by public sector
banks and Life Insurance Corporation of India (LJC) and General Insurance Corporation of India
(GIQ.
SBI Mutual Fund was the first non- UTI Mutual Fund established in June 1987 followed
by Can bank Mutual Fund (Dec 87), Punjab National Bank Mutual Fund (Aug 89), Indian Bank
Mutual Fund (Nov 89), Bank of India (Jun 90), Bank of Baroda Mutual Fund (Oct 92).
LIC established its mutual fund in June 1989 while GIC had set up its mutual fund in
December 1990.
At the end of 1993, the mutual fund industry had assets under management of
Rs.47,004crores.



Third Phase - 1993-2003 (Entry of Private Sector Funds)
With the entry of private sector funds in 1993, a new era started in the Indian mutual fund
industry, giving the Indian investors a wider choice of fund families. Also, 1993 was the year in
which the first Mutual Fund Regulations came into being, under which all mutual funds, except
UTI were to be registered and governed.
The erstwhile Kothari Pioneer (now merged with Franklin Templeton) was the first
private sector mutual fund registered in July 1993.
The 1993 SEBI (Mutual Fund) Regulations were substituted by a more comprehensive
and revised Mutual Fund Regulations in 1996. The industry now functions under the SEBI
(Mutual Fund) Regulations 1996.
The number of mutual fund houses went on increasing, with many foreign mutual funds
setting up funds in India and also the industry has witnessed several mergers and acquisitions.
As at the end of January 2003, there were 33 mutual funds with total assets of Rs.
1,21,805crores.
The Unit Trust of India with Rs.44, 541 crores of assets under management was way ahead of
other mutual funds.
Fourth Phase - since February 2003
In February 2003, following the repeal of the Unit Trust of India Act 1963 UTI was
bifurcated into two separate entities. One is the Specified Undertaking of the Unit Trust of India
with assets under management of Rs.29, 835 crores as at the end of January 2003, representing
broadly, the assets of US 64 scheme, assured return and certain other schemes.
The Specified Undertaking of Unit Trust of India, functioning under an administrator and
under the rules framed by Government of India and does not come under the purview of the
Mutual Fund Regulations.

SEBI REGULATIONS
CODE OF CONDUCT
According to clause 7 of the code of conduct as specified in the fifth schedule to
SEBI(Mutual funds) regulations, 1996, the Mutual Fund should not use any unethical means to
sell: market or induce any investor to buy there schemes. Further, clause 8 and 9 provide inter
Alia that day shall Maintain High standards of Integrity and fairness in all their dealings, render
at all times high standards of service and exercise due diligence.
With a due to implement the code of conduct effectively, it was made mandatory for
all distributors and agents of Mutual Funds, vide SEBI circular Mfd/cir no. 10/310/01 dated
September 25. 2001. to pass the AMFI certification examination and to follow the provisions of
SEBI (Mutual Funds) regulations and guidelines with specific focus on regulations/guidelines on
advertisements/sales literature and code of conduct.
In Furtherance of these objectives, AMFI has now prescribed a code of conduct for the
mutual funds intermediaries i.e. agents and distributors, a copy of which is enclosed. It is advised
that all distributors and agents of mutual funds units shall follow the code of conduct strict.
AS advise in the a foresaid circular dated September 25,2001, the mutual funds shall
monitor the activities of their agents/distributors to ensure that they do not indulge in any kind of
malpractice or unethical practice while selling/marketing mutual funds units. If any intermediary
does not comply with the code of conduct, the mutual fund shall report it to AMFI and SEBI. No
mutual fund shall deal with those intermediaries who do not follow code of conduct. The
contents of this circular may please be brought to the notice of the intermediaries immediately.
As already advice in the aforesaid SEBI circular, board of AMC'S and trustees shall
review the progress of certification programmer in their periodical meetings and take steps to
ensure that the distributors and agents pass the certification programmer with in the stipulated
time period.


CODE OF CONDUCT FOR INTERMEDIARIES OF MUTUAL FUNDS
1. Take necessary steps to ensure that client's interest is protected.
2. Adhere to SEBI Mutual Fund regulations and guidelines related to selling, distribution
and advertising practices. Be fully conversant with the key provisions of the offer
document as well as the operational requirements of various schemes.
3. Disclose all material information related to the schemes/plans while canvassing
forbusiness.
4. Avoid colluding with clients in faulty business practices such as bouncing cheques,
wrong claiming of dividend/redemption cheques, etc.
5. Provide full and latest information of schemes to investors in the form of offers
documents, performance reports. Fact sheets, portfolio disclosures and brochures and
recommend schemes appropriate for the clients' situation and needs.
6. Abstain from indicating or assuring returns in any type of schemes, unless the offers
document is explicit in this regard.
7. Maintain necessary infrastructure to support the AMCS in maintaining high service
standards to investors, and ensure that critical operations such as forwarding forms and
cheques to AMCS/Registrars and dispatch of statement of account and redemption
cheques lo investors are done with in the time frame prescribed in the offer document and
SEBI Mutual fund Regulations.
8. Avoid commission driven mall practices such as :
A) Recommending in appropriate products solely because the intermediary is getting higher
commissions there forms.
B) Encouraging over transacting and churning of mutual fund investments to earn higher
commissions, even if they mean higher transaction cost and tax investors.
9) Intermediaries will not rebate commission back to investors and avoid attracting
clients through temptation of rebate/gifts etc.
10) Maintain confidentiality of all investors' deals and transactions.
11) Ensure that all investor related statutory communications (such as change in
fundamental attributes, exit/entry load, exit options and other materials aspect) are sent to
investors reliably and on time.

12) Avoiding making negative statements about any AN4C or schemes and ensure that
comparison if any, are made with similar and comparable products.

13) Highlight risk factors of each scheme, avoid misrepresentation and exaggeration, and
urge investors to go through offer documents/key information memorandum before
deciding to make investment.

14) All employees engaged in sales and marketing should obtain AMFI certification.
Employees in other temptation of rebate/gifts etc.
15) A focus on financial planning and advisory services ensures correct selling, and also
reduce the trend towards investors asking for pass back of communication.

16) When marketing various schemes, remember that a client's interest and suitability to their
financial needs is paramount, and that extra commission or incentive earned should never
form the basis for recommending a scheme tothe client.


CHARACTERISTICS OF MUTUAL FUNDS:
The following are the characteristics of mutual funds,
a) A mutual fund actually belongs to the investors who have pooled their funds. The
ownership of the mutual fund is in the hands of the investor.
b) A mutual fund is managed by investment professionals and other service providers, who
earn a fee for their services, from the fund. The pool fund is invested in a portfolio of
marketable investments. The value of portfolio is updated every day.
c) The investors share in the fund is denominated by "units". The value of the units changes
with changes in the portfolios value, everyday the value of one unit of investment is
called as NET ASSET VALUE.
The investment portfolio of the mutual fund is created according to the stated investment
objectives of the fund.
TYPES OF MUTUAL FUNDS
Mutual funds classification based on Investment Objectives.
1. EQUITY ORIENTED
A.GENERAL PURPOSE:
The investment objective of genera purpose equity schemes does not restrict these
funds from investing only in specific industries or sectors. Hence these funds have a diversified
portfolio of companies spread across spectrum of industries. While these schemes are exposed to
equity price risks, diversified general purpose equity funds seek to reduce the sector or stock
specific through diversification. They mainly have market risk exposure.
B.SECTOR SPECIFIC:
These schemes restrict their investing to one or more pre-defined sectors, e.g. technology sector.
Since they depend upon the performance of select sectors only, these schemes are inherently more risky
then general Purpose schemes. They are best suited for informed investors who wish to taka view and risk
on the concerned sector.
C. SPECIAL SCHEMES:
Index scheme:
The primary purpose of" an index is to serve as a measure of theperformance of the
market as a whole, or a specific sector of the market. An index also serves as a relevant
benchmark to evaluate the performance of Mutual Funds. Some investors are interested in
investing in the market in general rather than investing in any specific fund. Such investors are
happy to receive the returns posted by the markets. As it is not practical to interest in each and
every stock in the market in proportion to its size, these investors are comfortable investing in a
fund that they believe is a good representative of the entire market. Index funds are launched and
managed for such investors.

Tax saving schemes
Investors (Individuals and Hindu Undivided Families ("HUFs") are now encouraged to
invest in Equity Linked Savings Schemes (ELSS) by offering them a tax rebate.
Units purchasedcannot be ssigned/transferred/pledged/redeemed/switched-out until
completion of 3 years from the date of allotment of the respective Units.
The Schemes is subject to Securities & Exchange Board of India (Mutual Funds)
Regulations, 1996 and the notifications issued by the Ministry of Finance (Department of
Economic Affairs), Government of India regarding ELSS. Investments in ELSS schemes are
eligible for deduction under Sec 80C. An example of ELSS scheme is the Kotak ELSS scheme.
Real Estate Funds:
Specialized real estate funds would invest in real estates directly, or may fund estate
Developers or lend to them directly or buy shares of housing finance companies or may even buy
their securitized assets.
2. DEBT BASED:
These schemes, (also commonly referred to as Income Schemes), invest in debt securities
such as corporate bonds, debentures and government securities. The prices of these schemes tend
to be more stable as compared to Equity schemes. Most of the returns to the investors are
generated through dividends or steady capital appreciation in these schemes. These schemes are
ideal for conservative investors or those not in a position to take higher Equity risks, such as
retired individuals. However, when compared to the money market schemes they do have a
higher price fluctuation risk.




A. Income Schemes
These schemes invest in money markets, bonds and debenture of corporate with medium
and long-term maturities. These schemes primarily target current income instead of capital
appreciation. Hence they distribute a substantial part of their distributable surplus to the investor
by way of dividend distribution. Such schemes usually declare quarterly dividends and are
suitable for conservative investors who have medium to long-term investment horizon and are
looking for regularly income through dividend or steady capital appreciation.
B. Money Market Schemes
These schemes invest in short term instruments such as commercial paper ("CP"),
Certificates of deposit ("CD"), treasury bills ("T-Bill") and overnight money ("Call"). The
schemes are the least volatile of all types of schemes because of their investments in money
market instruments with short-term maturities. These schemes have become popular with
institutional investors and high net worth individuals having short-term surplus funds.
Liquid Income Schemes:
Liquid Income Schemes are similar to income schemes but have a shorter maturity period.
D. Gilt Funds
These schemes primarily invest in Government securities. Hence the investor usually
does not have to worry about credit risk since Government Debt is generally credit risk free.
3. HYBRID SCHEME
These schemes are commonly known as balanced schemes and invest in both equities
as well as debt. By investing in a mix of this nature, balanced schemes seek to attain the
objective of income and moderate capital appreciation and are ideal for investors with a
conservative, long-term orientation.


Mutual Fund Investment Based On Constitution
1. OPEN-ENDED SCHEMES
Open-ended schemes do not have a fixed maturity period. Investors can buy or
sell units al NAV-related prices from and to the mutual fund, on any business day. These
schemes have unlimited capitalization, do not have a fixed maturity date, there is no cap on the
amount you can buy from the fund and the unit capital can keep growing. These funds are not
generally listed on any exchange.
Open-ended schemes are preferred for their liquidity. Such funds can issue and redeem
units any time during the life time of a scheme. Hence, unit capital of open-ended funds can
fluctuate on a daily basis, "i he advantages of open-ended funds over close-ended are as follows:
Any time exit option, the issuing company directly1 takes the responsibility of providing
an entry and an exit. This provides ready liquidity to the investors and avoids GREENKO on
transfer deeds, signature verifications and bad deliveries.
Any time entry option, an open-ended fund allow one to enter the fund at any time and even
to invest at regular internals.
2. CLOSE-ENDED SCHEMES
Close-ended schemes have fixed maturity periods. Investors can buy into these
funds during the period when these funds are open in the initial issue. After that, such schemes
cannot issue new units except in case of bonus or right issue. However,- after the initial issue,
you can buy or sell units of the scheme on the stock exchange where they are listed. The market
price of the units could vary from the NAV of the scheme due lo demand and supply factors,
investors expectations and other market factors.
3. INTERVAL SCHEMES
These schemes combine the features of open-ended and close-ended schemes.
They may be traded on the stock exchange or may be open for sale or redemption during
predetermined intervals al NAV based price.

MUTUAL FUND COMPANIES IN INDIA
Unit Trust India Mutual Fund
UTI Asset Management Company Private Limited, established in Jan 14, 2003, manages
the UTI Mutual Fund with the support of UTI Trustee Company Private Limited. UTI Asset
Management Company presently manages a corpus of over Rs.20000crore. thesponsorers of UTI
Mutual Fund are Bank of Baroda(BOB), Punjab National Bank(PNB), State Bank of India (SBI),
and Life Insurance Corporation of India(LIC). The Schemes of UTI Mutual fund are liquid
Funds, Income Funds, Asset Management Funds, Index Funds, Equity Funds and Balance Funds.
LIC Mutual Fund
Life Insurance Corporation of India setup LIC Mutual Fund on 19 June 1989. It
contributed Rs.2 crores towards the corpus of the fund. LIC Mutual Fund was constructed as a
Trust in accordance with the provisions of the India trust Act, 1882. The company stated its
businesses on 29 April 1994. The Trustees of LIC Mutual Fund have appointed
JeevanBimasahayog Asset Management Company Lid as the investment, manages for LIC
Mutual Fund.
GIC Mutual Fund
OIC Mutual Fund, sponsored by General Insurance corporation of India (GIC). a
Government of India under taking and the four public sector general Insurance companies, viz.
National Insurance Co Ltd (NIC), the New India Assurance Co. Ltd {NIAJ. the Oriental
Insurance Co. Ltd (OIC) and United India Insurance Co, Ltd. (UII) and is constituted as a Trust
in accordance with the provisions of the India Trust Act, 1882.




State Bank of India Mutual Fund
State Bank of India Mutual Fund is the first bank sponsored Mutual Fund to launch
offshore fund, the India Magnum fund with a corpus of Rs.225 cr approximately. Today it is the
largest bank sponsored Mutual Fund in India. They have already launches 35
Schemes out of which 15 have already yielded handsome return to investors. State Bank of India
Mutual Fund has more than Rs.5, 500 Crores as AUM. Now it has an investor base of over 8
Lakhs spread over 18 schemes.
While determining the investment universe's Mutual Fund employs a multistage Filtering
process. The first level looks at liquidity, the second at management quality.
Bank of Baroda Mutual Fund (BOB Mutual Fund)
Bank of Baroda Mutual Fund (BOB Mutual Fund) was setup on October 30, 1992 under
the sponsorship of Bank of Baroda. BOB Asset Management Company Limited is the AMC of
Bank of Baroda Mutual Fund and was incorporated on November 5, 1992. Deutsche Bank is the
custodian.
ABN AMRO Mutual Fund
ABN AMRO Mutual Fund was set upon April 2004 with ABN AMRO Trustee (India)
Pvt. Ltd. as the Trustee Company. The AMC, ABN AMRO Asset Management (India) ltd. was
incorporated on November 4, 2003. Deutsche Bank AG is the custodian of ABN AMRO Mutual
Fund.
BIRLA SUN LIFE MUTUAL FUND
Birla Sun Life mutual Fund was set upon December 24, 1994. Birla Sun Life Mutual
Fund is the join venture of Aditya Birla Group and Sun Life Financial. The sponsorers of Birla
Sun Life mutual Fund are Global Finance Limited and Sun Life (India) AMC Investment Inc.
Sun Life Financial Group of Companies is a financial services organization headquartered in
Toronto. Canada.
The Birla Life Mutual Fund is Birla Sun Life Asset Management Company limited which
was incorporated on September 5, 1994. Recently BIRLA MUTUAL FUND crossed AUM of
RS. 10,000 crores. Birla Life Mutual Fund follows a conservative long-term approach to
investment. Recently it crossed AUM of RS. 10,000 Crores.
HDFC MUTUAL FUND
HDFC Mutual Fund was set up on June 30, 2000 with two sponsorers namely Housing
Development Finance Corporation Limited and Standard Life Investment Limited.
The Trustee Company of HDFC Mutual Fund is HDFC Trustee Company limited and
AMC is HDFC Asset Management Company Limited.
HSBC Mutual Fund
HSBC Mutual Fund on May 27, 2002 with HSBC Securities and Capital Markets (India)
Private Limited as the sponsor. Board of Trustees, HSLJC Mutual Fund acts as the Trustee
Company of HSBC Mutual Fund. The AMC is HSBC Asset Management (India) Private Ltd.,
incorporated on December 12, 2001.
Prudential ICICI Mutual Fund
The mutual fund of IC1C! is a joint venture with prudential Plc. Of America, one of the
largest Life insurance companies in the US of a Prudential ICICI Mutual Fund was set up on I3lh
of October, 1993 with two sponsorers, prudential Plc. and ICICI Ltd. The Trustee Company
formed is Prudential ICICI Trust Ltd. and the AMC is Prudential ICICI Asset Management
Company Limited incorporated on 22nJ of June, 1993.
Prudential ICICI Mutual Fund is the first private sector mutual fund in India to cross
Rs.10,000 crore mark in assets (figure as on 30th November, 2002) and have won the trust of
5,50,000 investors. The product portfolio has a diversification of debt, equity and balanced
funds.

Sahara Mutual Fund
Sahara Mutual Fund was set up on July 18, 1996 with Sahara India Financial Corporation
Ltd. as the sponsor. Sahara Asset Management Company Private Limited
incorporated on August on 31, 1995 works as the AMC of Sahara Mutual Fund. The paid-up
capital of the AMC stands at Rs 25.8 crores.
Tata Mutual Fund
Tata Mutual Fund is a Trust under the Indian trust Act, 1882. The sponsorers for Tata
Mutual Fund are Tata Sons Ltd., and Tata Investment Corporation Ltd. The investment manager
is Tata Asset Management Limited and its Tata Trustee Company Pvt. Limited Tata Asset
Management Limited is one of the fastest in the company with more than Rs. 7,703 crores (as on
April 30. 2005) of ALJM.
The AMC of Tata Mutual commits to provide with Consistent performance and world-
class service to its investors. It has a wide range of investment for both institutional as well as
individual investors.
Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company (KMAMC) is a Subsidiary of KMBL. it is
presently having more than 1, 99,818 investors in its various schemes. KMAMC standards its
operations in December 1998.Kotak Mahindra Mutual Fund offers schemes catering to investors
with varying risk-return profiles. It was the first companies launch dedicated gilt scheme
investing only in government securities.




GREENKO Mutual Fund
GREENKO Mutual Fund (RMF) was established as trust under India trusts Act. 1982.
The sponsor of RMF is GREENKO capital Limited and GREENKO Capital trustee co .Limited,
is the Trustee. It was registered on June 30. 1995 as GREENKO Capital Mutual Fund which was
changed on March II. 2004. GREENKO Mutual Fund was formed for launching of various
schemes under which units are issued to the public with a view to contribute to the capital market
and to provide investors the opportunities to make investments in diversified securities.
Standard Chartered Mutual Fund
Standard Chartered Mutual Fund was set up on March 13, 2000 sponsored by standard
chartered Bank. The Trustee is Standard Chartered Trustee Company Pvt. Ltd. Standard
Chartered Asset Management Company Pvt. Ltd. is the AMC which was incorporated with SEBI
on December 20, 1999.
Alliance Capital Mutual Fund
Alliance Capital Mutual Fund was set up on December 30, 1994 with Alliance Capital
Management corp. of Delaware (USA) as sponsored. The Trustee is ACAM Trust Company Pvt.
Ltd. and AMC, the Alliance Capital Asset Management India (Pvt. Ltd) with the corporate office
in Mumbai.
Franklin Templeton India Mutual Fund
The group Franklin Templeton Investment is a California (USA) based Company with a
global AUM of US$409.2bn. It is one of the largest financial services groups in the world.
Investors can buy or sell the Mutual fund through their financial advisor or through mail or
through their website. They have open end diversified equity schemes, open end sector equity
schemes, open end hybrid schemes, open end Tax saving schemes, open end Income and Liquid
schemes, closed end Income schemes and open end Fund of Funds schemes to offer.


Escorts Mutual Fund
Escorts Mutual Fund was set up on April 15, 1996, with Escorts Finance Limited as its
sponsor. The trustee company is escorts investments trust limited. Its AMC was incorporated on
December I. 1995 with the name Escorts Asset Management Limited.
Bench Mark Mutual Fund
Bench Mark Mutual Fund was set up on June 12, 2001 with Niche Financial Services Pvt.
Ltd. As the sponsored and Bench Mark Trustee Company Pvt. Ltd. as the Trustee Company
incorporated in October 16, 200 and headquartered in Mumbai, Benchmark Asset Management
Company Pvt. Lid. is the AMC.
Can Bank Mutual Fund
Can Bank Mutual Fund was set up on December 19, 1987 Canara Bank Acting as the
sponsor can Bank Investment Services Ltd. Incorporated on March 2. 1993 is the AMC. The
Corporate Office of the AMC is in Mumbai.
ADVANTAGES OF MUTUAL FUNDS
Mutual Funds have lot of advantages comparing with equity securities
Affordability:
A Mutual Fund invests in a portfolio of assets, i.e. bonds, shares, etc. depending upon the
investment objective of the scheme. An investor can buy in to a portfolio of equities, which
would otherwise be extremely expensive.
Diversification:
It simply means that you must spread your investment across different securities (stock,
bonds, money market instruments, real estate, fixed deposits etc.) and different sectors (auto,
textile, information technology etc.).

Professional Management:
Its the Fund Managers job to;
a) find the best securities for the fund, given the fund's stated investment objectives; and
b) Keep track of investments and changes in market conditions and adjust the mix of the
portfolio, as and when required.
Variety:
Mutual Fund offer a tremendous variety of schemes. This variety is beneficial in two
ways: It offers different types of schemes to investors with different needs and risk appetites;
secondly it offers an opportunity to an investor to invest sums across a variety of schemes, both
debt and equity
Tax Benefits:
Any income distributed after March 31, 2002 will be subject to tax in the assessment of
all Unit holders, as a measure of concession to Unit holders of open-ended equity-oriented funds,
income distribution for the year ending March 31, 2003 will be taxed at confessional rate of
10.5%.
Regulations:
Securities Exchange Board of India ("SEBI"), (he Mutual Funds regulator has clearly
defined rules, which govern Mutual Funds. These rules relate to the formation, administrating
and management of Mutual Funds and also prescribe disclosure and accounting requirements.
Liquidity:
In open-ended Mutual Funds, you can redeem ail or part of your units any time you wish.
A peculiar advantage of a mutual fund is that investment made in its schemes can be converted
back in to cash promptly with out heavy expenditure on brokerage, delays etc.

Convenience:
An investor can purchase or self fund units directly from a fund. Through a broker or a
financial planner. The investor may opt for a Systematic Investment plan (S"1P") or a Systematic
Withdrawal Advantage Plan ('"SWAP").
Flexibility:
Mutual Fund offer in multiple schemes allow investors to switch easily between various
schemes. The flexibility gives the investor a convenient way to change the mix of his portfolio
over time.
Transparency:
Open-ended Mutual Fund Disclose their Net Asset Value ("NAV") daily and the entire
portfolio monthly this level of transparency, where the investor himself sees the underlying
assets bought with his money, is unmatched any other financial instruments.
DISADVANTAGES OF MUTUAL FUNDS
Mutual Funds have their own disadvantages and may not be for everyone.
No Guarantees:
No investment is risk free. If the entire stock market declines in value, the value of mutual
funds shares will go down as well, no matter how balanced the portfolio, investors encounter
fewer risks when they invest funds than when they buy and sell stocks on their own.
Fees and Commissions:
All funds charge administrative fees to cover their day-to-day expenses. Some funds also
charge sales commission or "loads" to compensate brokers, financial consultants, or financial
planners.

Taxes:
During a typical year, most actively managed mutual funds sell any where from 20 to 70
percent of the securities in their portfolios. If your fund makes a profit on its sales, you will pay
taxes on the income you receive, even if you reinvest the money you made.
Professional Management:
Some funds doesn't perform in neither the market, as their management is not dynamic
enough to explore the available opportunity in the market, thus many investors debate over
whether or not the so-called professionals are any better than mutual fund or investor him self,
for picking up stocks.
Costs:
The biggest source of AMC income is generally from the entry & exit load which they
charge from investors, at the time of purchase. The mutual fund industries are thus charging
extra cost under layers of jargon.
Management risk:
When you invest in a mutual fund, you depend on the fund's manager to make the right
decisions regarding the fund's portfolio, if the manager does not perform as well as you had
hoped, you might not much money on your investment as you expected.
WHY MUTUAL FUNDA ATTRACT INVESTORS
Mutual Funds simplifies Investor's experience and allows him to depend on the
expertise and experience of professional money managers freeing up his time to be used for
more enjoyable pursuits.

Mutual Fund generally invests in stocks, bonds and money market instrument.

When investors invest in a mutual fund he is hiring a team of professionals with years of
experience and expertise making these decisions on behalf of investors, which will put him at
ease with investing.

The other major benefit of investing Mutual Fund is diversification. Mutual Fund will
typically in a basket of 100 or more stocks or bonds in each Fund giving him the peace of
mind assuring that all of his eggs or not in one basket in other words some of the stronger
performing holdings will help to offset some of the leaser performing holdings in the Funds

By utilizing professional money managers in mutual fund investor can take a giant
step toward potentially reducing investment risk in addition he can use a time proven
technique called asset allocation which is the process of spreading his Mutual Fund
investment across different asset classes and management styles.

Mutual funds' investing is a simple way to get a diversified investment. Mutual funds by
definition arc diversified, because- they invest jour money in a basket of securities rather than
in a single share or bond. More over, they offer a family of funds to suit your varied needs and
liquidity so that you can plan your withdrawals.

Mutual Funds helps to reduce risk through diversification and professionalmanagement. The
experience and experience of Mutual Fund managers in selecting fundamentally sound
securities and timing their purchases and sales help them to build a diversified portfolio that
minimizes risk and maximizes return.





How to Invest in Mutual Funds
Step One-Identify your Investment needs
Your financial goals will vary, based on your age, lifestyle, financial independence,
family communications, and level of income and expenses among many other factors, Therefore,
the first step is to assess your investment objective and needs which could be regular income,
buying a home or finance a wedding or educate your children or a combination of all these
needs. The quantum of risk you are willing to take and tour cash flow requirements.
Step Two-choose the right Mutual Fund
The important thing is the right Mutual Fund scheme which suits your requirements. The
offer documents of the scheme tells you its objective and provide supplementary details like the
track record of other schemes managed by the same fund manager. Some factors to evaluate
before choosing a particular mutual fund are the track record of the performance of the fund over
the last few years in relation to the appropriate yardstick and similar funds in the same category.
Other factors could be the portfolio allocation, the dividend yield and the degree of transparency
as reflected in the frequency and quality of their communication.
Step Three-select the Ideal mix of schemes
Investing in just one Mutual Fund scheme may not meet ;il! your investment needs. You
may consider investing in a combination of scheme to your specific goals.
Step four-Invest Regularly
The best approach is to invest a fixed amount at specific intervals, say every month. By
investing a fixed sum each month, you buy fewer units when the price is higher and more units
when the price is low. Thus bringing down your averaging and it is a disciplined investment
strategy followed by investors all over the world. You can also avail the systematic investment
plan facility offered by many open end funds.

Step Five-Star Early
It is desirable to start investing early and stick to a regular investment plan. If you start
now, you will make earn income and your money multiplies at a compounded rate of return.
Rights of Mutual Fund Unit Holder
A unit holder in a mutual fund scheme governed by the SEB1 (Mutual Fund) Regulations
is entitled to:
1. Receive unit certificates or statements of accounts confirming the title with in 6 weeks from
the date of closure of the subscription or with in 6 weeks from the date of request for a unit
certificate is received by the Mutual Fund.
2. Receive information about the policies investment objectives, financial objectives, financial
position and general affaires of the scheme.
3. Receive dividend with in 42 days of their declaration and receive the redemption or
repurchase proceeds with in 10 days from the date of redemption or repurchase.
4. Vote in accordance with the Regulation to:-
a) Approve or disapprove any change in the fundamental investment policies of the scheme,
which are likely to modify the scheme or affect the interest of the unit holder. The dissenting
unit holder has a right to redeem the investment,
b) Change the Asset Management Company.
c) Wind up the schemes.
5. Inspect the documents of the Mutual Funds specified in the scheme's offer document







RISK:









Risk/Return Trade-Off:
The most important relationship to understand is the risk-return trade-off. Higher the risk
greater the returns/loss and lower the risk lesser the return/loss.
Market Risk:
Sometimes prices and yields of all securities rise and fall. Broad outside influences
affecting the market in general lead to this. This is true, may it be big corporations or smaller
mid-sized companies. This is known as Market Risk. A systematic investment plan ("SIP") that
works on the concept of Rupee Cost Averaging ("RCA") might help mitigate this risk.



Credit Risk:
The debt servicing ability (may it be interest payments or repayment of principal) of a
company through its cash flows determines the Credit Risk faced by you. This credit risk is
measured by independent rating agencies like CR1SIL who rate companies and their paper.
A'AAA' rating is considered the safest where as a 'D' rating is considered poor credit quality. A
well-diversified portfolio might help mitigate this risk.
Interest Risk:
In a free market economy interest rates are difficult if not impossible to predict. Changes
in interest rates a fleet the prices of bonds as well as equities.If interest rates rise the prices of
bonds fall and vice-versa. Equity might be negatively affected as well in a rising interest rates
environment. A well-diversified portfolio might help mitigate this risk.
Political /Government policy Risk:
Changes in government policy and political decision can change the investment
environment. They can create a favorable environment for investment or vice versa.










Chapter 5
DATA ANALAYSIS AND INTERPRETATION






DATA ANALAYSIS AND INTERPRETATION
GREENKO ENERGIES GROWTH FUND OF NAVS & RETURNS
Objective:
Greenko Growth Fund aims to achieve long- term growth of capital by investment in equity and
equity related securities through a research based investment approach.
Structure: open-ended equity growth scheme
Inception Date: October 07, 1995
Plans and Options under the plan: Dividend, Growth, Bonus.
Face Value ( Rs/Unit ) :Rs.10
Minimum investment:Rs.5000
Entry Load:
For subscription below Rs.2crores: 2.25%. For subscription of Rs.2crores & above and below
Rs.5crores: 1.25%. For subscription of Rs.5crores & above Nil
ExitLoad: Nil




Nav values 2007/08 2008/09 2009/10 2010/2011 2011/12
WEEK
JUNE 31
ST
229.76 259.54 333.74 207.11 439.2
JUNE 27
th
224.14 258.44 330.23 205.31 438.74

MONTH
JUNE 31
st
229.76 259.54 333.74 207.11 439.2
JUNE 1
ST
210.22 262.09 367.01 190.4668 421.2004

3MONTHS
JUN 31
St
229.76 259.54 333.74 207.11 439.2
APRI 1
St
190.78 270.05 476.85 220.86 431.4117

6MONTS
JUN 31
St
229.76 259.54 333.74 207.11 439.2
Jan 1
st
174.27 234.47 354.09 283.29 393.2

YEAR
Jun 31
St
229.76 259.54 333.74 207.11 439.2
May 1
st
123.7 329.75 251.78 332.2 210.5077

Final net asset value original net asset value
Return (absolute) = ______________________________________________ *100

Original net asset value

Returns 2007/08 2008/09 2009/10 2010/2011 2011/12
Weekly 2.50 0.42 1.06 0.87 0.10
Monthly 9.29 0.97 9.06 8.73 4.27
3months 20.43 3.89 30.01 6.22 1.80
Half yearly 31.84 10.69 5.74 26.89 11.69
yearly 85.73 12.96 32.55 37.65 108.63







0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
yearly
Half yearly
3months
Monthly
Weekly
GRAPHICAL PRESENTATION OF GREENKO GROWTH FUND:




Interpretation of the diagram
By observing the diagram, it found that the five years returns of the GREENKO growth
fund are.
Weekly returns in the year 2008 to 2009 in which returns are low i.e. 0.42 while compile
to the year 2007 to 2008 in which returns are 2.50
monthly returns in the year 2008 to 2009 in which returns are low i.e. 0.97 while compile
to the year 2007 to 2008 in which returns are 9.29
3months returns in the year 2011 to 2012 in which returns are low i.e. 1.80 while compile
to the year 2007 to 2008 in which returns are 20.4.
Half yearly returns in the year 2009 to 2010 in which returns are low i.e. 5.78 while
compile to the year 2007 to 2008 in which returns are 31.84
yearly returns in the year 2008 to 2009 in which returns are low i.e. 12..96 while compile
to the year 2011 to 2012 in which returns are 108.63
So the long term investment is good and gives high returns

0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
yearly
Half yearly
3months
Monthly
Weekly

GREENKO VISION FUND OF NAVS & RETURNS
Objective of scheme : The primary investment objective of the scheme is to achieve long-term
growth of capital by investment in equity & equity related securities through a research based
investment approach.
Scheme type : Open ended
Scheme category : growth
Launch date : 08-10-1995
Minimum subscription
Amount : Rs.5000

















Nav values 2007/08 2008/09 2009/10 2010/2011 2011/12
WEEK
JUNE 31
ST
155.75 169.69 206.12 133.772 252.08
JUNE 27
th
150.78 169.55 210.51 135.0447 252.03

MONTH
JUNE 31
st
155.75 169.69 206.12 133.772 252.08
JUNE 1
ST
141.83 173.56 229.84 121.6045 244.1363

3MONTHS
JUN 31
St
155.75 169.69 206.12 133.772 252.08
APRI 1
St
125.97 184.85 289.74 141.31 254.2724

6MONTS
JUN 31
St
155.75 169.69 206.12 133.772 252.08
Jan 1
st
114.32 160.05 238.7 168.6 237.31

YEAR
Jun 31
St
155.75 169.69 206.12 133.772 252.08
May 1
st
88.76 155.75 163.04 205.96 136.3464

Final asset value original net asset value
Return (absolute) = *100
Original asset value


Returns 2007/08 2008/09 2009/10 2010/2011 2011/12
Weekly 3.29 0.08 -2.08 -0.94 0.01
Monthly 9.81 -2.22 -10.32 10.00 3.25
3months 23.64 -8.20 -28.86 -5.33 -0.86
Half yearly 36.24 6.02 -13.64 -20.65 6.22
yearly 75.47 8.95 26.42 -35.04 84.88



GRAPHICAL PRESENTATION OF GREENKO VISION FUND:




-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
yearly
Half yearly
3months
Monthly
Weekly
Interpretation of diagram:
By observing the diagram, it found that the five years returns of the GREENKO growth fund
are.
Weekly returns in the year 2008 to 2009 in which returns are low i.e. -2.08 while compile
to the year 2006 to 2009 in which returns are 3.29
monthly returns in the year 2008 to 2009 in which returns are low i.e. -10.32 while
compile to the year 2009 to 2010 in which returns are 10
3months returns in the year 2008 to 2009 in which returns are low i.e. -28.26 while
compile to the year 2006 to 2007 in which returns are 23.64

GREENKO equity opportunities fund of NAVs & returns
Objective:
THE primary investment objective of the scheme is to seek to generate capital appreciation &
provide long-term growth opportunities by investing in a portfolio constituted of equity securities
& equity related securities and the secondary objective is to generate consistent returns by
investing in debt and money market securities.
Structure : open ended fund
Inspection date : 10-10-2007
Plans & options under the plan:
Institutional & retail plans with growth and dividend options.

Face value (Rs\unit) : Rs.10
Minimum investment: institutional- Rs.50000000, Regular-Rs.5000
Entry load : nil
Exit load : nil
Nav values 2007/08 2008/09 2009/10 2010/2011 2011/12
WEEK
JUNE 31
ST
18.48 20.35 21.86 13.53 31.09
JUNE 27
th
17.83 20.24 21.94 13.43 30.9794
MONTH
JUNE 31
st
18.48 20.35 21.86 13.53 31.09
JUNE 1
ST
16.29 20.71 24.6898 11.8383 28.8964
3MONTHS
JUN 31
St
18.48 20.35 21.86 13.53 31.09
APRI 1
St
14.34 21.9846 32.04 14.44 29.4922
6MONTS
JUN 31
St
18.48 20.35 21.86 13.53 31.09
Jan 1
st
12.97 18.696 25.34 17.89 26.02
YEAR
Jun 31
St
18.48 20.35 21.86 13.53 31.09
May 1
st
10.0426 18.4769 19.606 21.7092 13.67

Final asset value original net asset value
Return (absolute) = *100
Original asset value












GRAPHICAL PRESENTATION OF GREENKO EQUITIE
OPPORTUNITIES FUND:
Returns 2007/08 2008/09 2009/10 2010/2011 2011/12
Weekly 3.64 0.54 -0.36 0.74 0.35
Monthly 13.44 -1.73 -11.46 14.29 7.59
3months 28.87 -7.43 -31.77 -6.30 5.41
Half yearly 42.48 8.84 -13.73 -24.37 19.48
yearly 84.01 10.13 11.49 -37.67 127.43


Interpretation of diagram:
By observing the diagram, it found that the five years returns of the GREENKO growth fund
are.
Weekly returns in the year 2009 to 2010 in which returns are low i.e. -0.36 while compile
to the year 2007 to 2008 in which returns are 3.29
monthly returns in the year 2009 to 2010 in which returns are low i.e. -11.46 while
compile to the year 2007 to 2008in which returns are 13.44
3months returns in the year 2009 to 2010 in which returns are low i.e. -11.46 while
compile to the year 2007 to 2008 in which returns are 13.44
Half yearly returns in the year 2010 to 2011 in which returns are low i.e. -24.37 while
compile to the year 2007 to 2008 in which returns are 42.48
yearly returns in the year 2010 to 2011 in which returns are low i.e. -37.67 while compile
to the year 2007 to 2008 in which returns are 84.01
So the long term investment is good and gives high returns.

-100%
-50%
0%
50%
100%
2007/08 2008/09 2009/10 2010/2011 2011/12
yearly
Half yearly
3months
Monthly
Weekly







GREENKO NRI EQUITY FUND OF NAVS & RETURNS

Objective:
the primary investment objective of the scheme is to generate optimal returns by investing in equity and
equity related instruments primarily drawn from the companies in the BSE 200 index.
Structure: open-ended diversified equity scheme
Inception date: 16 -11- 2004
Face value(rs/unit): 10
Minimum investment:rs.5000
Entry load:For amount be4low rs2crore: 3% for amount of rs.2crore& above but below rs.5crore:2%for
amount of rs.5crore&above:nil
Exit load: ni







NAV
VALUES
2007/08 2008/09 2009/10 2010/2011 2011/12
WEEK
JUNE 31
ST
18.79 23.3548 27.375 17.4373 34.7547
JUNE 27
th
18.31 22.956 27.35 18.02 34.5967

MONTH
JUNE 31
st
18.79 23.3548 27.375 17.4373 34.7547
JUNE 1
ST
17.92 23.52 29.9821 15.3463 34.0648

3MONTHS
JUN 31
St
18.79 23.3548 27.375 17.4373 34.7547
APRI 1
St
16.11 24.8485 38.68 18.26 35.3183

6MONTS
JUN 31
St
18.79 23.3548 27.375 17.4373 34.7547
Jan 1
st
14.8 22.6313 33.28 21.3 33.32

YEAR
Jun 31
St
18.79 23.3548 27.375 17.4373 34.7547
May 1
st
11.4688 18.7857 22.4601 27.18 18.13


Final asset value original net asset value
Return (absolute) = *100
Original Net asset value

Returns 2007/08 2008/09 2009/10 2010/11 2011/12
Weekly 2.62 1.73 0.09 -3.23 0.45
Monthly 4.85 -0.70 -8.69 13.62 2.02
3months 16.63 -6.01 -29.22 -4.50 -1.59
Half yearly 26.95 3.19 -17.74 -18.13 4.30
yearly 63.83 24.32 21.88 -35.84 91.69

GRAPHICAL PRESENTATION OF GREENKO NRI EQUITY FUND:




Interpretation of diagram:
By observing the diagram, it found that the five years returns of the GREENKO growth fund
are.
Weekly returns in the year 2009 to 2010 in which returns are low i.e. -3.23 while compile
to the year 2006 to 2007 in which returns are 2.62
monthly returns in the year 2008 to 2009 in which returns are low i.e. -8.69 while
compile to the year 2006 to 2007 in which returns are 13.62
3months returns in the year 2008 to 2009 in which returns are low i.e. -29.22 while
compile to the year 2006 to 2007 in which returns are 16.63
Half yearly returns in the year 2009 to 2010 in which returns are low i.e. -18.13 while
compile to the year 2006 to 2007 in which returns are 26.95
yearly returns in the year 2009 to 2010 in which returns are low i.e. -35.84 while compile
to the year 2010 to 2011 in which returns are 91.69
mostly the long term investment is good and gives high returns.

-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
2007/08 2008/09 2009/10 2010/11 2011/12
yearly
Half yearly
3months
Monthly
Weekly
GREENKO tax saver fund of NAVs&returns

Objective:

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is
invested predominantly in equity and equity related instruments.

Structure: open-ended equity linked savings scheme
Inception Date: 22 - 09 - 2005
Plans and Options under the plan: Dividend, Growth.
Face Value ( Rs/Unit ) :Rs.10
Minimum investment:Rs.500 & in multiples of rs. 500 thereafter

Entry Load:

For subscription below Rs.2crores: -2.25%. For subscription of Rs.2crores & above and below
Rs.5crores: -1.25%. For subscription of Rs.5crores & above Nil

ExitLoad: Nil









Nav values 2007/08 2008/09 2009/10 2010/2011 2011/12
WEEK
JUNE 31
ST
18.7868 23.35 27.375 17.8321 34.7547
JUNE 27
th
18.31 22.956 27.35 18.02 34.6031

MONTH
JUNE 31
st
18.7868 23.35 27.375 17.8321 34.7547
JUNE 1
ST
17.92 23.52 29.9821 15.6202 34.5005

3MONTHS
JUN 31
St
18.7868 23.35 27.375 17.8321 34.7547
APRI 1
St
10.96 24.8485 38.68 18.26 35.3183

6MONTS
JUN 31
St
18.7868 23.35 27.375 17.8321 34.7547
Jan 1
st
10.16 22.631 33.28 21.3 33.32

YEAR
Jun 31
St
18.7868 23.35 27.375 17.8321 34.7547
May 1
st
10.16 18.79 22.4601 27.18 18.13


Final asset value original net asset value
Return (absolute) = *100
Original asset value

Returns 2007/08 2008/09 2009/10 2010/2011 2011/12
Weekly 2.60 1.71 0.09 -1.04 0.43
Monthly 4.83 -0.72 -8.69 14.16 0.73
3months 71.41 -6.03 -29.27 -2.34 -1.59
Half yearly 84.90 3.17 -17.74 -16.28 4.30
Yearly 84.90 24.26 21.88 -34.39 91.69

GRAPHICAL PRESENTATION OF GREENKO TAX SAVER FUND:



Interpretation of diagram:
By observing the diagram, it found that the five years returns of the
GREENKO growth fund are.

Weekly returns in the year 2010 to 2011 in which returns are low i.e. 2.60 while compile
to the year 2007 to 2008 in which returns are 2.60
monthly returns in the year 2008 to 2009 in which returns are low i.e. -8.69 while
compile to the year 2007 to 2008 in which returns are 4.83
3months returns in the year 2009 to 2010 in which returns are low i.e. -29.27 while
compile to the year 2007 to 2008 in which returns are 71.41
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
2007/08 2008/09 2009/10 2010/2011 2011/12
Yearly
Half yearly
3months
Monthly
Weekly
Half yearly returns in the year 2009 to 2010 in which returns are low i.e. -17.74 while
compile to the year 2007 to 2008 in which returns are 84.90
yearly returns in the year 2010 to 2011 in which returns are low i.e. -34.39 while compile
to the year 2011 to 2012 in which returns are 91.69
mostly the long term investment is good and gives high returns.





GREENKO REGULAR SAVINGS FUND OF NAVS&RETURNS
Object:
GREENKO regular savaings fund provides the choices of investing debt &equity or
hybridoptions with a perinent investment objective and pattern for each option.
Structure: open-ended income scheme
Inception Date: june10, 2005
Plans and Options under the plan: debt plan, hybrid plan.
Face Value ( Rs/Unit ) :Rs.10
Minimum investment:Rs.5000
Entry Load:

ExitLoad: Nil






Nav values 2007/08 2008/09 2009/10 2010/2011 2011/12
WEEK
JUNE 31
ST
11.869 14.4441 21.8823 13.45 28.62
JUNE 27
th
11.23 14.2769 21.78 13.63 28.6726

MONTH
JUNE 31
st
11.869 14.4441 21.8823 13.45 28.62
JUNE 1
ST
10.61 14.61 24.5441 11.7927 27.4918

3MONTHS
JUN 31
St
11.869 14.4441 21.8823 13.45 28.62
APRI 1
St
10.03 15.793 30.29 14.05 28.1107

6MONTS
JUN 31
St
11.869 14.4441 21.8823 13.45 28.62
Jan 1
st
10.05 14.2253 19.89 17.96 25.78

YEAR
Jun 31
St
11.869 14.4441 21.8823 13.45 28.62
May 1
st
10.2134 11.86 13.9004 21.84 13.71

Final asset value original net asset value
Return (absolute) = *100
Original asset value



Returns 2007/08 2008/09 2009/10 2010/2011 2011/12
Weekly 5.62 1.17 0.46 -1.32 -0.18
Monthly 11.7 -1.13 -10.84 14.05 4.10
3months 18.26 -8.54 -27.75 -4.27 1.81
Half yearly 18.02 1.53 10.01 -25.11 11.01
yearly 16.14 21.78 57.42 -38.41 108.75




GRAPHICAL PRESENTATION OF GREENKO REGULAR SAVINGS
FUND:
Interpretation of diagram:
By observing the diagram, it found that the five years returns of the GREENKO growth
fund are.
Weekly returns in the year 2010 to 2011 in which returns are low i.e. -1.32 while compile
to the year 2007 to 2008 in which returns are 5.62
monthly returns in the year 2009 to 2010 in which returns are low i.e. -10.84 while
compile to the year 2010 to 2011 in which returns are 14.05
3months returns in the year 2009 to 2010 in which returns are low i.e. -27.75 while
compile to the year 2007 to 2008 in which returns are 18.26
Half yearly returns in the year 2010 to 2011 in which returns are low i.e.-25.11while
compile to the year 2007 to 2008 in which returns are 18.02
-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
2007/08 2008/09 2009/10 2010/2011 2011/12
yearly
Half yearly
3months
Monthly
Weekly
yearly returns in the year 2010 to 2011 in which returns are low i.e. -38.41 while compile
to the year 2011 to 2012 in which returns are 108.75
mostly the long term investment is good and gives high returns.





GREENKO LIQUID FUND OF NAVS&RETURNS
Objective:
GREENKO liquid fund seeks to generate optimal returns consistent with moderate levels
of risk and high liquidity.

Structure: open-ended liquid scheme

Inception Date: December07, 2001

Plans and Options under the plan: treasury plan, cash plan

Face Value ( Rs/Unit ) :Rs.10

Minimum investment:rs.5000.

Entry Load: nil




Nav values 2007/08 2008/09 2009/10 2010/11 2011/12
WEEK
JUNE 31
ST
10.4581 11.2405 12.1603 13.2471 13.86
JUNE 27
th
10.45 11.22 12.15 13.23 13.85

MONTH
JUNE 31
st
10.4581 11.2405 12.1603 13.2471 13.86
JUNE 1
ST


3MONTHS
JUN 31
St
10.4581 11.2405 12.1603 13.2471 13.86
APRI 1
St


6MONTS
JUN 31
St
10.4581 11.2405 12.1603 13.2471 13.86
Jan 1
st


YEAR
Jun 31
St
10.4581 11.2405 12.1603 13.2471 13.86
May 1
st


Final asset value original net asset value
Return (absolute) = *100
Original asset value

Returns 2007/08 2008/09 2009/10 2010/11 2011/12
Weekly 0.077 0.18 0.08 0.12 0.07
Monthly 0.55 0.81 0.66 0.50 0.36
3months 1.43 2.09 2.01 1.82 0.94
Half yearly 2.84 3.98 4.02 4.22 2.66
yearly 104.32 107.46 108.06 108.94 104.60

GRAPHICAL PRESENTATION OF GREENKO LIQUIDITY FUND


Interpretation of diagram:
By observing the diagram, it found that the five years returns of the GREENKO growth fund
are.
Weekly returns in the year 2009 to 2010 in which returns are low i.e. 0.19 while compile
to the year 2007 to 2008 in which returns are 0.18
monthly returns in the year 2008 to 2009 in which returns are low i.e. 0.36 while compile
to the year 2008 to 2009 in which returns are 0.81
3months returns in the year 2008 to 2009 in which returns are low i.e. 0.94 while compile
to the year 2010 to 2011 in which returns are 2.09
Half yearly returns in the year 2009 to 2010 in which returns are low i.e. 4.22 while
compile to the year 2008 to 2009 in which returns are 4.22
yearly returns in the year 2009 to 2010 in which returns are low i.e. 104.32 while compile
to the year 2007 to 2008 in which returns are 108.94
mostly the long term investment is good and gives high returns


0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Returns 2007/08 2008/09 2009/10 2010/11 2011/12
Series6
Series5
Series4
Series3
Series2
Series1
GK FUND OF NAVS & RETGREENKO SHORT TERM

Objective: GREENKO short term funds aims to generate stable returns for investors with a short
term investment horizon by investing in fixed income securities of a short term maturity.
Structure: open-ended income scheme
Inception Date: December23, 2002
Plans and Options under the plan: growth,dividend.
Face Value ( Rs/Unit ) :Rs.10
Minimum investment:rs.50,000.
Entry Load: nil

Nav values 2007/08 2008/09 2009/10 2010/11 2011/12
WEEK
JUNE 31
ST
12.1401 13.0595 14.3663 16.1799 17.4073
JUNE 27
th
12.03 13.04 14.35 16.1259 17.38

MONTH
JUNE 31
st
12.1401 13.0595 14.3663 16.1799 17.4073
JUNE 1
ST
12.09 12.96 14.2907 16.0842 17.2845

3MONTHS
JUN 31
St
12.1401 13.0595 14.3663 16.1799 17.4073
APRI 1
St
11.99 12.8386 14.1 15.79 17.2

6MONTS
JUN 31
St
12.1401 13.0595 14.3663 16.1799 17.4073
Jan 1
st
11.85 12.5925 13.75 14.87 16.92

YEAR
Jun 31
St
12.1401 13.0595 14.3663 16.1799 17.4073
May 1
st
11.5037 12.14 13.0723 14.3816 16.2302


Final asset value original net asset value
Return (absolute) = *100
Original asset value

Returns 2007/08 2008/09 2009/10 2010/11 2011/12
Weekly 0.08 0.14 0.11 0.33 0.15
Monthly 0.41 0.76 0.52 0.59 0.71
3months 1.25 1.72 1.88 2.46 1.20
Half yearly 2.44 3.70 4.48 8.80 2.88
yearly 5.53 7.57 9.89 12.50 7.25

GRAPHICAL PRESENTATION OF GREENKO SHORT TERM FUND


Interpretation of diagram:
By observing the diagram, it found that the five years returns of the
GREENKO growth fund are.
Weekly returns in the year 2009 to 2010in which returns are low i.e. 0.08 while compile
to the year 2007 to 2008 in which returns are 0.33
monthly returns in the year 2008 to 2009 in which returns are low i.e. 0.41 while compile
to the year 2009 to 2010 in which returns are 0.71
3months returns in the year 2008 to 2009 in which returns are low i.e. 1.25 while compile
to the year 2008 to 2009 in which returns are 2.46
0%
20%
40%
60%
80%
100%
2007/08 2008/09 2009/10 2010/11 2011/12
yearly
Half yearly
3months
Monthly
Weekly
Half yearly returns in the year 2009 to 2010 in which returns are low i.e. 2.44 while
compile to the year 2007 to 2008 in which returns are 8.80
yearly returns in the year 2009 to 2010 in which returns are low i.e. 5.53 while compile to
the year 2007 to 2008 in which returns are 12.50
mostly the long term inestment is good and gives high returns












CHAPTER VI
FINDINGS& SUGGESTIONS










FINDINGS:
Through the analysis of my study, these are the findings of various schemes of mutual funds.
GREENKO growth fund is an open-ended equity growth scheme. The main objective of
the scheme is to achieve long term growth of capital.
GREENKO tax saver (ELSS) fund is an open-ended equity linked savings scheme. This
scheme mainly meant for to avail income tax rebate. The investment strategy is 80-100%.
The maturity period is 3 years,
GREENKO regular saving fund is an open-ended scheme the main objective of the
scheme is to seek capital appreciation and generate consistent returns.
The finding shows that media is the most important in creating the awareness about the
mutual funds.
LIC and GREENKO has less volatility which is a welcome factor for any Asset
management Companies.
In the case of other funds growth rate is volatile when compared to the previous years.
Investor are having low knowledge about mutual funds when compared to FDs, Bank
Deposits,Insuranceetc;


SUGGESTIONS:
Mutual fund manager as to introduce some new schemes and offers in the market to
increase the set of mutual funds.
By adopting more flexible methods the overall performance of the schemes will the more
advisable in GREENKO mutual funds.
Mutual funds should provide investors with the most informative and secure in
investment opportunities.
Publicity is the key factor to capture the investors so more advertisement is needed.
I feel that the evergreen industry of this decade is software industry. If we made right
share allocation we will get good returns.
If they are providing any children specific schemes it will be more benefited to the
investors.
Mutual fund should concentrate on rural areas it as maintain service to the market.






CONCLUSION:
All investments that is in shares. Debentures or deposited involves risk. The value of shares may
go down depending on the performance of the company, the industry, state of capital market and the
economy. In equity investments, longer the term, lesser will be risk. Companies may default in payment
of interest on their debentures, bonds, etc Risk cannot be eliminated, but skillful management can
minimize risk. Mutual funds can reduce risk through diversification and professional management.
Diversified portfolio minimizes risk and maximizes returns. Thus, diversification reduces the risk of loss
due to under performance of a specific asset. Thus the best advice for todays investor is to go diversified
equity linked savings scheme wherein the dividends are high along with benefits of tax saving.
Eventually, it can be said that equity investment with diversified portfolio over the long term is a superior
option to reduce risk for a given return.














BIBILOGRAPHY
During the completion of the project I have referred to the following books and articles
and websites surfed. This helped me to gather information and know more about the
funds and successfully complete my project.
Reference:
www.GREENKOmutual.com
www.GREENKOmf.com
www.amfindia.com
www.nseindia.com
www.bseindia.com
www.sebi.com
http://www.valuereserach.com/
Books:
Investment analysis and portfolio management-prasanna Chandra
Magazines:
Business world
Outlook money
Business today