A Project Report On ANALYSIS OF MUTUAL FUND OF ING VYSYA

Submitted to Rashtrasant Tukdoji Maharaj Nagpur University, Nagpur

For the partial fulfillment of the requirement for the award of degree of Bachelor of Business Administration (BBA) By Swapnil L. Raghorte Under the Supervision of Prof. RAJESH V. MAHAJAN

ICWA, M.Com, L.L.B

Through

Department of Self Financing Courses Dhanwate National College Congress Nagar, Nagpur 440 012

2009-10

Shri Shivaji Education Society, Amravatis DEPARTMENT OF SELF FINANCING COURSES

DHANWATE NATIONAL COLLEGE

Hon. Adv Arunkumar Shelke Prof Rajesh Timane PRESIDENT OF THE DEPARTMENT Ref: DoSFC/ DNC / 2009-10 / Date: Dr. B. B. Taywade PRINCIPAL HEAD

Certificate
This is to certify that Mr. Swapnil L. Raghorte is the bonafied student of this institution and this project report submitted by him / her is the research work carried out under the guidance and supervision of Prof. RAJESH V. MAHAJAN. Further, it is a piece of research of sufficient standard to warrant its submission to the University for the Award of the said Degree. The assistance and help researcher during the investigation in the form material and information acknowledged. rendered to the course of his of basic source have been duly

Supervisor

Head of the Department Principal

Address: New Building, DNC Campus, Congress Nagar, Nagpur440012 Phone / Fax: (0712) 2440059 E-mail: dhanwatenationalcollege@yahoo.com Website:http://www.dncnagpur.com

Declaration
I hereby declare that this dissertation is the outcome of my own research work. No part of this research has been submitted to any Institution or University for the award of any other Diploma or any other degree, nor has the data been derived from any thesis of any University. Further, the sources of material and data used in this study have been duly acknowledged.

Sign. Your Name

Date: Place: Nagpur

Acknowledgement
This Report could not have been prepared without the generous contribution of many individuals and organizations. I wish to acknowledge special obligation to the Supervisor of this research, Prof. RAJESH V. MAHAJAN, whose valuable guidance has shaped this report. Dr. B. B. Taywade, Principal, Dhanwate National College has provided consistent support and encouragement. I also wish to extend my thanks to Prof. Rajesh Timane, Head of the Department. I am also thankful to all my friends who helped me during the preparation of this report; namely,

Sign. Your Name

Date: Place: Nagpur

SUMMARY

Indian Stock market has undergone tremendous changes over the years. Investment in Mutual Funds has become a major alternative among Investors. The project has been carried out to have an overview of Mutual Fund Industry and to understand investors perception about Mutual Funds in the context of their trading preference, explore investors risk perception & find out their preference over Top Mutual funds.

INDEX

Sr.No. 1. 2. 3. 4. Introduction

Chapter Name

Page no.

Mutual Fund in India Profile of ING Vysya ING Vysya Mutual Fund Scheme

5. 6. 7.

Research Methodology Data Analysis Finding Conclusion Bibliography

CHAPTER NO 1 Introduction of Mutual Fund

Introduction of Mutual Fund

Lots of investment opportunity are available to investors. Mutual fund also offers good investment opportunity to investor. Like other option of investment mutual fund also carry certain risk factor. The investor should compare the risk expected yields after adjustment of tax on various instruments while taking investment decisions. For purchasing the good mutual fund they take the advantages of expert like agent and distributors.

Definition
Mutual fund can be defined as is a from of collective investment that is useful in spreading risks and optimising returns

What is Mutual Fund?

Mutual Fund is the mechanism for pooling the recourses by issuing unit to the investors and investing the funds in securities in accordance with objectives as disclosed in offer of document. Investment is securities are spread across a wide cross section industries and Diversification reduces the risk because the investors money bifurcates into In mutual fund units are allotted to investors in proportion of the investment of A mutual fund is just the connecting bridge or a financial intermediary that sectors and the risk is reduced. small part and invests in different sectors. money. allows a group of investor to pool their money together with a predetermined investment objective. The Mutual fund will have a fund manager who is responsible for investing the gathered money into specific securities (stocks or bonds). When you invest in a mutual fund, you are buying units or portions of the

mutual fund and thus on investing becomes a shareholder or unit holder of the fund. Mutual fund are considered as one of the best available investment as compare to other they are very cost efficient and also easy to investing, thus by pooling money together in a mutual fund, investors can purchase stocks or bonds with much lower trading costs than if they tried to do it on their own. But the biggest advantage to mutual funds is diversification, by minimising risk and maximising returns.

CHAIN DIGRAM

Advantage of Mutual Fund

Professional management: - when you buy mutual fund you are also

choosing money manager. This manager uses the money that you invest to buy and sell stock that he carefully researched. Well Regulated: - India mutual fund are regulated by the Securities and Exchange Board of India, which helps provide comfort to the investor. Sebi forces transparencies on the mutual fund, which help the investor, make an informed choice. Sebi requires the mutual fund to disclose their portfolios at least six monthly, which help you keep track whether the fund is investing in line with its objectives or not.

Tax Advantages: - Investing in mutual funds also enjoys several tax advantages. Dividends from Mutual fund are tax-free in the hands of the investor (This however depends upon change in Finance Act).Also Capital Gain accrued from Mutual fund Investment for a period of over one year is treated as long term capital appreciation and is tax free.

Liquidity: - Mutual funds are typically very liquid investment. Unless they have a pre-specified lock-in, your money will be available to you anytime you want. Typically funds take a couple of day for returning your money to you, Since they are very integrated with the banking system, most funds can send money directly to your banking account.

Easy of process: - If you have a bank account and a PAN card, you are ready to invest in a mutual fund; it is as simple as that! You need to fill in the application form, attach your PAN (typically for transaction of greater than Rs.50, 000) and sign your cheque and you investment in a fund is made.

Helps to fulfil our dream: - The investments we make are ultimately for some objectives such as to buy a house, childrens education, marriage etc. And many of them require a huge one-time investment. As it would usually not be possible raise such large amount at short notice, we need to build the corpus over a longer period of time, through small but regular investment. This is what SIP is all about. Small investments, over period of time, results in large wealth and help fulfil our dreams & aspirations.

Simplicity: - Begins a Mutual fund is easily well back has its upon line or mutual fund & minimum investment is small. Most company also has automatics purchase. Plan where buy as little as $100 can be intervened as on monthly basis.

Economic of scale: - Because a mutual fund buys sale large amount or securities at a line its transaction cost are lover than you as on individual would pay.

Disadvantage of Mutual Fund

Cost: - Mutual Fund does not exist solely to make you like easier all funds are

in it profit. The mutual fund in industry at buying cost under layers of Jargon. There cost is so complicated that in this tutorial we have devoted an entire to the subject. Dilution: - It is possible to handle too much diversification because fund have

small holding in so many different company high return from few institute often do not make such difference on the overall return. Dilution is also the result or a successfully way getting too big. When money power into funds that have strong success to market often has trouble finding a new concept to all investment is now new money concept.

No control over costs: - The costs of the fund management process are

deducted from the fund. This includes marketing and initial costs deducted at the time of entry itself, called, Load. Then there is the annual asset management fee and expenses, together called the expense ratio. Usually, the former is not counted while measuring performance, while the latter is. A Standard 2 percent expense ratio means that, everything else being equal, the fund manager under performs the benchmark index by an equal amount. No Guarantee of return: - No investment is risk free. If the entire stock market declines in value, the value of mutual fund shares will go down as well, no matter how balanced the portfolio. Investors encounter fewer risks when they invest in

mutual funds than when they buy and sell stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing money.

Taxes: - During a typical year, most actively managed mutual funds sell anywhere 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.

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 make as much money on your investment as you expected. Of course, if you invest in Index Funds, you forego management risk, because these funds do not employ managers.

Types of Mutual Fund

By Structure Open ended Fund. Close ended Fund. Interval Scheme. By Investment Objective Growth Scheme Fund. Income Scheme Fund. Balance Scheme Fund. Money Market Scheme Fund. Other Scheme Tax Saving Fund. Special Scheme Fund. By Equity Scheme Debt-Equity Scheme. Profit-Equity Scheme.

INVESTMENT STRATEGIES
1. Systematic Investment Plan: under this a fixed sum is invested each

month on a fixed date of a month. Payment is made through post dated cheques or direct debit facilities. The investor gets fewer units when the NAV is high and more units when the NAV is low. This is called as the benefit of Rupee Cost Averaging (RCA)
2. Systematic Transfer Plan: under this an investor invest in debt oriented

fund and give instructions to transfer a fixed sum, at a fixed interval, to an equity scheme of the same mutual fund.
3. Systematic Withdrawal Plan: if someone wishes to withdraw from a

mutual fund then he can withdraw a fixed amount each month.

CHAPTER NO 2 Mutual Fund in India

History of Mutual Fund

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. 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 (LIC) and General Insurance Corporation of India (GIC). 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, 004 crores. 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, 21,805 crores. 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. The second is the UTI Mutual Fund Ltd, sponsored by SBI, PNB, BOB and LIC. It is registered with SEBI and functions under the Mutual Fund Regulations. With the bifurcation of the erstwhile UTI which had in March 2000 more than Rs.76,000 crores of assets under management and with the setting up of a UTI Mutual Fund, conforming to the SEBI Mutual Fund Regulations, and with recent mergers taking place among different private sector funds, the mutual fund industry has entered its current phase of consolidation and growth. As at the end of September 2004, there were 29 funds, which manage assets of Rs.153108 crores under 421 schemes. The graph indicates the growth of assets over the years.

Mutual Fund Players

The Indian mutual fund industry is mainly divided into three kinds of categories. These categories include public sector players, nationalized banks and private sector and foreign players. UTI Mutual Fund was one of the leading Mutual Fund companies in India till May 2006 with a corpus of more than Rs.31, 000 Crore and it is the public sector mutual fund. Bank of Baroda, Punjab National Bank, Can Bank and SBI are the major nationalized banks mutual fund. At present mutual fund industry is mainly dominated by private and foreign sector players which include major players like Prudential ICICI Mutual Fund, HDFC Mutual Fund, Reliance Mutual Fund etc. are private sector mutual funds players while Franklin Templeton etc. are major foreign mutual fund players. At present there are more than 33 players operating in Indian.

BANKS V/S MUTUAL FUNDS:

Mutual Funds are now also competing with commercial banks in the race for retail investors savings and corporate float money. The power shift towards mutual funds has become obvious. The coming few years will show that the traditional saving avenues are losing out in the current scenario. Many investors are realizing that investments in savings accounts are as good as locking up their deposits in a closet. The fund mobilization trend by mutual funds indicates that money is going to mutual fund in a big way. India is at the first stage of a revolution that has already peaked in the U.S. The U.S. boasts of an Asset base that is much higher than its bank deposits. In India, mutual fund assets are not even 10 per cent of the bank deposits, but this trend is beginning to change. This is forcing a large number of banks to adopt the concept of narrow banking wherein the deposits are kept in Gilts and some other assets which improves liquidity and reduces risk. The basic fact lies that banks cannot be ignored and they will not close down completely. Their role as intermediaries cannot be ignored. It is just that mutual funds are going to change the way banks do business in the future.

CATEGORY
Returns Administrative exp. Risk Investment options Network Liquidity Quality of assets Interest calculation

BANKS
Low High Low Less High penetration At a cost Not transparent Minimum balance between 10th & 30th of

MUTUAL FUNDS
High Low Moderate More Low but improving Better Transparent Everyday

Guarantee

every month Maximum Rs.1 lakh on None deposits

BENEFITS OF MUTUAL FUND INVESTMENT

CHAPTER NO 3 Profile of ING Vysya

Company Overview
ING Vysya Bank Ltd., is an entity formed with the coming together of erstwhile, Vysya Bank Ltd, a premier bank in the Indian Private Sector and a global financial powerhouse, ING of Dutch origin, during out. 2008. The origin of the erstwhile Vysya Bank was pretty humble. It was in the year 1930 that a team of visionaries came together to form a bank that would extend a helping hand to those who weren't privileged enough to enjoy banking services. It's been a long journey since then and the Bank has grown in size and stature to encompass every area of present-day banking activity and has carved a distinct identity of being India's Premier Private Sector Bank. In 1980, the Bank completed fifty years of service to the nation and post 1985; the Bank made rapid strides to reach the coveted position of being the number one private sector bank. In 1990, the bank completed its Diamond Jubilee year. At the Diamond Jubilee Celebrations, the then Finance Minister Prof. Madhu Dandavate, had termed the performance of the bank Stupendous. The 75th anniversary, the Platinum Jubilee of the bank was celebrated during 2005.

The Origin of ING Group

On the other hand, ING group originated in 1990 from the merger between National Nederlanden NV the largest Dutch Insurance Company and NMB Post Bank Group NV. Combining roots and ambitions, the newly formed company called International Nederlanden Group. Market circles soon abbreviated the name to I-N-G. The company followed suit by changing the statutory name to ING Group N.V..

Profile
ING has gained recognition for its integrated approach of banking, insurance and asset management. Furthermore, the company differentiates itself from other financial service providers by successfully establishing life insurance companies in countries with emerging economies, such as Korea, Taiwan, Hungary, Poland, Mexico and

Chile. Another specialisation is ING Direct, an Internet and direct marketing concept with which ING is rapidly winning retail market share in mature markets. Finally, ING distinguishes itself internationally as a provider of employee benefits, i.e. arrangements of nonwage benefits, such as pension plans for companies and their employees.

Mission
ING`s mission is to be a leading, global, client-focused, innovative and low-cost provider of financial services through the distribution channels of the clients preference in markets where ING can create value.

The New Identity

The immediate benefit to the bank, ING Vysya Bank, has been the pride of having become a Member of the global financial giant ING. As at the end of the year December 2008, ING's total assets exceeded 1332 billion euros, employed over 125000 people, and served over 85 million customers, across 50 countries. This global identity coupled with the backup of a financial power house and the status of being the first Indian International Bank, would also help to enhance productivity, profitability, to result in improved performance of the bank, for the benefit of the entire stake holder.

ING Vysya Mutual Fund

ING Vysya Mutual Fund was setup on February 11, 1999 with the same named Trustee Company. It is a joint venture of Vysya and ING. The AMC, ING Investment Management (India) Pvt. Ltd. was incorporated on April 6, 1998.

CHAPTER NO 4 ING Vysya Mutual Fund Schemes

ING MUTUAL FUND

ING Domestic Opportunities Fund (An Open Ended Equity Scheme) ING Core Equity Fund (An Open Ended Growth Scheme) ING Midcap Fund (An Open Ended Equity Scheme) ING Nifty Plus Fund (An Open Ended Index Linked Equity Scheme) ING Tax Savings Fund (An Open Ended Equity Linked Savings Scheme) (Lock in period of 3 years)

ING C.U.B. Fund (Competitive Upcoming Businesses) (A 3 year closed-ended diversified equity scheme that will be automatically converted into an open ended scheme at the end of the third year)

ING Liquid Fund (An Open-ended Liquid Income Scheme) ING Income Fund (An Open Ended Income Scheme) ING Balanced Fund (An Open Ended Balanced Scheme)

ING Global Real Estate Fund (An Open Ended Fund of Fund Scheme)

INFORMATION ABOUT THE SCHEME

ING MIDCAP FUND Type of the Scheme An Open Ended Equity Scheme Investment Objective The Fund investment objective is to seek to provide long-term growth of capital at controlled level of risk by investing primarily in Mid-Cap stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aims to generate higher returns than a fund focused on large and liquid stocks. There can be no assurance that the investment objective of the Scheme will be realized. Investment Policy: The fund seeks to meet this objective by investing, normally, at least 65% of its total assets in Mid Cap stocks. For the purpose of determining mid cap stocks, the market capitalisation of companies would be considered. Currently, companies that have a market capitalization between Rs. 100 Crores to Rs. 4000 Crores would constitute the investment universe of the Mid Cap portion of the portfolio. In order to diversify the portfolio and improve liquidity, the fund may invest in up to 35% of its net assets in Large Cap and Small Cap Companies (i.e. companies with a market capitalization of more than Rs. 4000Crores and less than Rs. 100 Crores respectively). The stocks of midcap companies are generally more volatile and less liquid than the large cap stocks Investment Approach and Strategy The scheme would invest a substantial portion of its investible assets (over 65%) in Mid Cap companies as defined earlier in this Scheme Information Document. The stocks of these companies are generally more volatile and less liquid than the large

cap stocks. In order to diversify the portfolio, the fund manager may invest up to 35% in stocks, which have a higher or lower market capitalisation. A small portion of the portfolio may be kept in call and money market instruments in order to meet the liquidity needs. The investment emphasis of the Fund would be on identifying companies with sound corporate managements and prospects of good future growth. Past performance will also be a major consideration. Essentially, the focus would be on long-term fundamentally driven values. However, short-term opportunities would also be seized, provided they are supported by underlying values. As part of the investment strategy, fund will book profits regularly to take advantage of the volatility in the market. ING NIFTY PLUS FUND Type of the Scheme An open-ended index linked Equity Scheme Investment Objective ING Nifty Plus Fund is an open-ended index linked equity scheme with the objectives to invest in companies whose securities are included in the Nifty. There can be no assurance that the investment objective of the Scheme will be realized. Investment Policy: The net assets of the Scheme will be invested predominantly in stocks constituting the S&P CNX Nifty and / or in exchange traded derivatives on the S&P CNX Nifty. This would be done by investing 70-95% of the net assets in all the stocks comprising the S&P CNX Nifty in approximately the same weightages that they represent in the S&P CNX Nifty Index and / or investing in derivatives including futures contracts and options contracts on the S&P CNX Nifty Index. Between 0-25% of the net assets will be actively managed to take overweight / underweight exposure in stocks comprising the CNXNIFTY. A small portion of the net assets will be invested in money market instruments permitted by SEBI / RBI including call money market or in alternative investment for the call money market as may be provided by the RBI, to meet the liquidity requirement of the Scheme. Investment Approach and Strategy The corpus of the Scheme will be invested predominantly in stocks constituting the S&PCNX Nifty and in exchange traded derivatives on the S&P CNX Nifty Index. 0-

25% of the net assets will be invested in an active manner, by taking overweight / underweight exposure in stocks within the S&P CNX Nifty Index. A very small portion of the fund will be kept liquid. The Scheme may also use various derivatives and hedging products from time to time, as would be available and permitted by SEBI, in an attempt to protect the value of the portfolio and enhance Unitholders interest. The Scheme may invest in other index funds managed by the AMC or in the index schemes of any other Mutual Funds, provided it is in conformity to the investment objectives of the Scheme and in terms of the prevailing Regulations. As per the regulations, no investment management fees will be charged for such investments. For the present, the Plan does not intend to enter into underwriting obligations. However, if the Plan does enter into an underwriting agreement, it would do so after complying with the Regulations and with the prior approval of the Board of the AMC/Trustee ING TAX SAVINGS FUND Type of the Scheme An Open-ended equity linked savings scheme Investment Objective ING Tax Savings Fund is an open ended equity linked savings scheme which aims to provide medium to long term growth of capital along with income tax rebate. There can be no assurance that the investment objective of the Scheme will be realized. Investment Policy: The investment polices shall be in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines for ELSS - 1992 scheme (including any modification to them). Investment Approach and Strategy The fund managers will follow an active investment strategy taking defensive / aggressive postures depending on opportunities available at various points of time. On defensive considerations, the scheme may invest in money market instruments and Fixed Deposits of Scheduled Banks to protect the interest of the investors in the scheme. ING INCOME FUND Type of the Scheme

An Open Ended Income Scheme Investment Objective The primary investment objective of the Scheme is to generate attractive income by investing in a diversified portfolio of debt and money-market instruments of varying maturities and at the same time provide continuous liquidity along with adequate safety. There can be no assurance that the investment objective of the Scheme will be realized. Investment Policy: Consistent with the investment objective of the Scheme, the AMC aims to identify securities which offer superior levels of yield at lower levels of risks. The AMC will be guided by the ratings of Rating Agencies such as CRISIL, ICRA, Duff & Phelps and CARE. In addition, the investment team of the AMC will carry out an internal indepth credit evaluation of securities proposed to be invested in. The investment team of the AMC will continuously monitor the macro-economic environment including the political and economic factors, money supply in the system, Government borrowing programme and demand and supply of debt instruments, among others, affecting the liquidity and interest rates. Given that the liquidity of fixed-income instruments is currently limited, the AMC will try to provide liquidity by staggering maturities for various instruments, as well as holding sufficient portion of the portfolio in more liquid Government and corporate paper as well as money market securities. The AMC will attempt to achieve adequate diversification both in terms of types of instruments and the industries. The Scheme may invest in other schemes managed by the AMC or in the schemes of any other Mutual Fund, provided such investment is in conformity with the investment objectives of the Scheme and the prevailing Regulations. The AMC, however, will not charge any investment management fees for such investments. The Scheme may also use various derivatives and hedging products from time to time, as would be available and permitted by SEBI, in an attempt to protect the value of the portfolio. The Scheme may also invest in suitable investment avenues in overseas financial markets for the purpose of diversification, commensurate with the Schemes objectives and subject to necessary stipulations by SEBI/RBI. Towards this, the Fund may also appoint overseas investment advisors and other service providers as and when permissible under the Regulations.

CHAPTER NO 4 Research Methodology

RESEARCH:Generally research is considered as an endeavour to arrive at the answers to intellectual and practical problems through the application of scientific methods to the knowledge universe. It is from known to unknown. METHODS OF DATA COLLECTION:Collection of Data refers to a purposive gathering of information relevant to the subject matter under study and the methods used depend mainly on the nature, purpose and scope of the enquiry to be undertaken, as well as on the availability of resources and time. The Data Collection can be grouped under two type: Primary Data. Secondary Data.

PRIMARY DATA:Primary data are those which are collected for the first time. They are original in character. They are collected by the researcher for the first time for his own use. SECONDARY DATA:Secondary data are those which have already been collected by others. When it is not possible to collect data in primary form the researcher may take the help of Secondary data .They are collected for serving the objectives other than what the researcher might have in his mind. The sources of Secondary data include: Books.

 Websites. .

BOOKS:-

A book is a collection of paper or other material with text, pictures, or both written on them, bound together along one edge, usually within covers, library and information science, a book is called a monograph to distinguish it from serial periodical such as magazines, journal or newspapers. WEBSITE:-

A website may be the work of an individual, a business or other organization and is typically dedicated to some particular topic or purpose. Any website can contain hyperlink to any other website, so the distinction between individual sites, as perceived by the user, sometimes be blurred.

CHAPTER NO 6 Data Analysis

ANALYSIS OF THE DATA ING Midcap Fund

NAV returns
Duration 1 week 1 month 6 months 9 months 1 year Percentage 3.10 5.21 36.87 91.97 105.88

Profile Essentials Fund category Scheme plan Scheme type Launch date Fund manager Equity - Diversified Growth Open Ended May 30, 2005 Ms. Jasmina Parekh

Fund Information Fund info AMC ING Investment Management (India) Pvt. Ltd. An open-ended scheme, seeking to provide long-term growth of capital at controlled level of risk by investing primarily in Mid-Cap stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused Objective on large and liquid stocks. Asset (Rs crore) Dividend (%) 20.00 ( September 04, 2009) 21.97 ( November 30, 2009)

Top 10 holdings
Company NIIT Technologies Hind. Petrol CESC Ltd. Navneet Publicat Pantaloon Retail Amara Raja Batt. Indian Hotels Co Andhra Bank Lupin Ltd. Bajaj Holdings & Inv Percentage 3.99 3.61 3.17 3.11 3.02 2.94 2.93 2.82 2.82 2.79

Top 10 industry allocation

Company Pharmaceuticals Computers - Software Finance - Banks - Public Sector Refineries Auto Ancl - Batteries Hotels Industrial Gas Printing/Publishing/Stationery Retail - Departmental Stores Packaging - Others Percentage 12.0 6.0 5.0 4.0 4.0 3.0 3.0 3.0 3.0 3.0

ING Midcap Fund

Board Of Trustees
NAME Mr. LMThapar Mr. E Belmans Mr. Haresh M Jagtiani Mr. Chetan Mehta DESIGNATION Member Member Member Member

ING Nifty Plus Fund NAV returns

Duration 1 week 1 month Percentage 1.54 4.49

Duration 6 months 9 months 1 year

Percentage 24.69 56.98 77.89

Profile
Essentials Fund category Scheme plan Scheme type Launch date Fund manager Equity - Index Fund Growth Open Ended February 23, 2004 Mr. Deepak Arackal

Fund Information
Fund info AMC ING Investment Management (India) Pvt. Ltd. ING Vysya Nifty Plus Fund is an open ended index linked equity scheme with the objectives to invest in companies whose securities are included Objective Asset (Rs crore) Dividend 14.33 ( November 30, 2009) 51.00 ( February 23, 2006) in the Nifty.

Fund info (%)

Top 10 Holdings
Company Reliance Inds. ICICI Bank Infosys Techno. ONGC Tata Steel L & T SBI Bharat Petroleum HDFC ITC Ltd. Percentage 9.74 7.03 6.26 4.72 4.7 4.4 4.17 3.47 3.17 3.04

Top 10 Industry Allocations

Company Diversified Finance - Banks - Private Sector Computers - Software Finance - Banks - Public Sector Oil Drilling And Exploration Cement - Major Steel Telecommunications - Service Refineries Percentage 17.0 11.0 9.0 7.0 7.0 6.0 5.0 4.0 3.0

Company Finance - Housing

Percentage 3.0

Board Of Trustees
NAME Mr. LMThapar Mr. E Belmans Mr. Haresh M Jagtiani Mr. Chetan Mehta DESIGNATION Member Member Member Member

CHAPTER NO 7 FINDINGS

FINDINGS
The study done was a tool to analyze the present setup and to know the investors perception regarding investment in Mutual Funds. The study proved fruitful and many facts came to the light. The following were the findings of the study: People with less experience were inclined towards investment in the Mutual Funds. It attracted as a safer avenue as compared to share market. People are not willing to take much risk and bear loss. Mutual Funds are more of an investment option than the speculative avenue. People tend to gain through long investments rather than through short term.