P03ET21M0047 - Veereshayya Final Project

“A STUDY ON PERFORMANCE EVALUATION OF ICICI
PRUDENTIAL MUTUAL FUND WITH SPECIAL REFERENCE

TO EQUITY PRODUCTS”
Project work report submitted in partial fulfilment of the requirements for
the award of the degree of
MASTER OF BUSINESS ADMINISTRATION

of
BANGALORE UNIVERSITY
By
NAME: VEERESHAYYA
REG. NO. : P03ET21M0047
Under the guidance of

Name of guide: PROF.LEEBESH PC
Designation of guide: Assistant Professor
INTERNATIONAL ACADEMY OF MANAGEMENT & ENTREPRENEURSHIP

Bangalore University
2022–2023
“A STUDY ON PERFORMANCE EVALUATION OF ICICI
PRUDENTIAL MUTUAL FUND WITH SPECIAL REFERENCE
TO EQUITY PRODUCTS”
Project work report submitted in partial fulfilment of the requirements for
the award of the degree of
MASTER OF BUSINESS ADMINISTRATION

of
BANGALORE UNIVERSITY
By
NAME: VEERESHAYYA
REG. NO. : P03ET21M0047
Under the guidance of

Name of guide: PROF.LEEBESH PC
Designation of guide: Assistant Professor
INTERNATIONAL ACADEMY OF MANAGEMENT & ENTREPRENEURSHIP

Bangalore University
2022–2023
DECLARATION BY THE STUDENT
I, Veereshayya bearing the Registration No: P03ET21M0047 Studying in the 3rd

semester of master of Business Administration in Finance at International Academy
of Management and Entrepreneurship, Bangalore, hereby declare that report titled
“A study on performance evaluation of icici prudential mutual fund with special
reference to equity products” Which is being submitted by me in the partial
fulfilment for the award of the degree of Master of Business Administration from
Bangalore University, Bangalore is an authentic record of me carried out during the
academic year 2021- 2023, Under the Guidance of Prof.Libeesh P C, Assistant
Professor, Department of Management. IAME Bangalore. I further undertake that the
matter embodied in the dissertation has not been submitted previously for the award
of any degree or diploma by me to any other university or institutions.
Date: Name: Veereshayya
Place: Bangalore Registration number:P03ET21M0047

ACKNOWLEDGEMENT
I pay my obeisance to GOD, to have bestowed upon me good health, courage,

inspiration, zeal and the light of knowledge. I would like to acknowledge my
gratefulness to all the individuals who assisted me in various ways in completion of
this research work and I would also like to express my special gratitude to the
Director and President of International Academy of Management Entrepreneurship,
Bangalore. I own my deep gratitude to my faculty and internal project guide Associate
Professor PROF.LEEBESH PC Department of Management Studies for her
guidance until the completion of the Project. I am thankful and fortunate enough to
get constant encouragement, support and guidance from all MBA faculties who
helped me in completion of the project successfully.
Table of contents
CHAPTER PARTICULARS PAGE NO.

NO.
01 Introduction
1.1 Background of the Study: 2-4
1.2 History of mutual funds

3-4
1.3 History of Indian mutual fund industry 4-8
1.4 Classification of mutual fund schemes

8-13
types of mutualfund schemes
1.5 Advantages of investing in mutual 13-15

funds
1.6 Direct vs regular plan 15-16
Company Profile
02 2.1 Icici prudential mutual fund 18-19
2.2 Icici bank limited 20-21
2.3 About icici prudential mutual fund 21-25
Research Design and Methodology

03 3.1 Review of literatures 27-38
3.2 Statement of the problem 29
3.3 Scope of the research 29
3.4 Research objectives 29
3.5 Methodology 30
3.6 Limitations of the study: 30
04 Data Analysis and Interpretations
4.1 Icici prudential large and midcap - 32-33

growth (direct plan) vs benchmark-
nifty 50 (2018-2021)
4.2 Icici prudential large and midcap -

34-35
growth (regular plan) vs benchmark-
nifty 50 (2018-2021)
4.3. Icici prudential longterm tax -growth
36-37
(direct plan) vs benchmark- nifty 500
(2018-2021)
4.4. Icici prudential longterm tax-

growth (regular plan) vs benchmark- 38-39
nifty 500 (2018-2021)
4.5.Icici prudential midcap-growth

40-41
(2018-2021)
4.6.Icici prudential midcap-growth 42-43

(regular plan) vs benchmark- nifty 50
(2018-2021)
4.7 Icici prudential multicap-growth

44-45
(2018-2021)
4.8.Icici prudential multicap-growth

46-47
(regular plan) vs benchmark- nifty 50
(2018-2021)
4.9.Icici prudential bluechip-growth 48-49

(2018-2021)
4.10.Icici prudential bluechip-growth

50-51
(regular plan) vsbenchmark- nifty 100
(2018-2021)
05 Summary of Findings, Conclusions and
Recommendations
5.1 Findings 53
5.2 Suggestions 54
5.3 Conclusion
54
56
Bibliography
EXECUTIVE SUMMARY
The study on performance evaluation of ICICI Prudential Mutual Fund with special
reference to equity products aimed to evaluate the performance of the fund over the
past five years (2018-2021) and compare it with the benchmark indices. The study
analyzed the fund's investment strategy, asset allocation, and portfolio composition to
understand the factors contributing to its performance.
The study found that ICICI Prudential Mutual Fund's equity products have performed
well and outperformed the benchmark indices consistently over the past five years.
The fund's investment strategy of investing in a diversified portfolio of high-quality
companies with sustainable business models and strong fundamentals has contributed
to its consistent performance.
The study also found that the fund's asset allocation and portfolio composition have
been optimal, with a mix of large-cap, mid-cap, and small-cap stocks in its portfolio.
The fund's active management approach, where the fund manager actively monitors
and adjusts the portfolio to maximize returns, has also contributed to its performance.
Overall, the study concludes that ICICI Prudential Mutual Fund's equity products
have delivered consistent returns and outperformed the benchmark indices over the
past five years. The study recommends that investors looking to invest in equity funds
consider ICICI Prudential Mutual Fund's equity products as a potential investment
option. However, investors should also consider their investment goals, risk tolerance,
and investment horizon before making any investment decisions.
A STUDY ON PERFORMANCE EVALUATION OF ICICI PRUDENTIAL MUTUAL FUND WITH SPECIAL REFERENCE TO EQUITY PRODUCTS
Chapter 1: Introduction
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1.1 Background of the Study:

A mutual fund is a professionally run business that pools money from individual
investors and invests it in stocks, securities, and financial market instruments. At
their current net resource value, which is based on the asset's entire speculative
portfolio's market value at the time of repossession, many open-end mutual assets
are prepared to buyback (take back) their shares. The financial investors of a number
of open-end mutual funds are constantly offered new opportunities. It is sometimes
referred to as an open-end venture firm in order to differentiate it from a closed-end
speculating firm.
In order to achieve the fund's stated investing objective, mutual funds pool the funds
of numerous investors. At their current net asset value, which is the sum of the
fund's assets divided by the number of outstanding shares, mutual funds can sell or
redeem their shares at any time. In simplest terms, a mutual fund is a way to pool
resources by issuing units to investors and investing the money in assets in
accordance with the goals outlined in the offer document.
The risk is reduced because investments in securities are spread out across numerous
businesses and locations. Development lessens the gamble in light of the fact that
not all stocks will move in a similar course or in a similar way simultaneously.
Based on the amount of money donated, units are distributed to financial backers
through shared reserve. Mutual Asset's financial backers are unit holders.
The project's gains and losses are shared by the financial backers. Common
resources for the most part show up with various plans with changing speculative
points that are conveyed consistently.
A Mutual Asset must be registered with the Securities and Exchange Board of India
(SEBI), which oversees financial markets, before it can collect assets from the
general public in India. To put it succinctly, a mutual asset is a common fund pool
into which financial backers with standard investment goals commit resources in
accordance with the plan's stated venture purpose. The venture manager would put
the money they got from the financial backer into resources that fit the plan's stated
goal or are allowed to be used there. For instance, an obligation asset would invest
in bonds, debentures, gilts, and other similar instruments while a value asset would
contribute value and instruments related to value. Because it allows a group of
people to invest in a broader, professionally supervised basket of protections for a
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relatively low price, shared store is a fair business for the average man. A mutual
fund is essentially a means of pooling resources by issuing units to investors and
investing the money in assets in accordance with the objectives outlined in the offer
document.
The risk is reduced because investments in securities are spread out across numerous
businesses and locations. Development lessens the gamble in light of the fact that
not all stocks will move in a similar course or in a similar way simultaneously.
Based on the amount of money donated, units are distributed to financial backers
through shared reserve. Mutual Asset's financial backers are unit holders
The project's gains and losses are shared by the financial backers. Common
resources for the most part show up with various plans with changing speculative
points that are conveyed consistently.
Before it may collect assets from the general public in India, a Mutual Asset must be
registered with the Securities and Exchange Board of India (SEBI), which controls
financial markets. To put it succinctly, a mutual asset is a common fund pool into
which financial backers with standard investment goals commit resources in
accordance with the plan's stated venture purpose. The venture manager would put
the money they got from the financial backer into resources that fit the plan's stated
goal or are allowed to be used there. For instance, an obligation asset would invest
in bonds, debentures, gilts, and other similar instruments while a value asset would
contribute value and instruments related to value. Because it allows a group of
people to invest in a broader, professionally supervised basket of protections for a
relatively low price, shared store is a fair business for the average man.
1.2 HISTORY OF MUTUAL FUNDS

When three leaders of the Boston protection movement pooled their funds in 1924
to form the first common asset, they had no idea how well-known shared assets
would become. The practice of pooling funds for investment began in Europe in the
1800s. The principal dispensed save in the US was laid out in 1893 for Harvard
College's workforce and staff. On March 21, 1924, the shared reserves of the basic
authorities were created. It was known as the Massachusetts Investors Trust.
With around 200 investors, the resources of the Massachusetts Investors Trust
increased from $50,000 in 1924 to $392,000 after a year. The Investment Company
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Institute says that there are more than 10,000 shared assets in the United States right
now, worth more than $7 trillion and supported by roughly 83 million individual
investors.
The financial crisis of 1929 slowed the expansion of shared reserves. In response to
the failure of the financial exchange, Congress enacted the Securities Exchange Act
of 1934 and the Securities Act of 1933 A security must be registered with the
Securities and Exchange Commission. Commission (SEC) and planned financial
supporters must receive an outline in accordance with these regulations.
The US Securities and Exchange Commission (SEC) enacted the Investment
Company Act of 1940, which specifies the requirements for all assets.
As trust in the securities exchange was restored, common assets began to expand.
There were around 270 resources with an all out worth of $48 billion toward the
finish of the 1960s. In 1976, John C. Bogle established the First Index Investment
Trust, a significant retail file reserve. The Vanguard 500 File Save is the name given
to it right now. In November of 2000, it became the largest pooled reserve in the
world with resources totaling $100 billion.
1.3HISTORY OF INDIAN MUTUAL FUND INDUSTRY

The history of mutual funds in India can be broken down into five phases. The first
organization in a long time to manage was the Unit Trust of India. It was established
in 1963 as a joint venture between the Indian government and the Reserve Bank of
India. The UTI's objective was to direct novice financial backers who needed to
purchase shares and other financial items from larger corporations. In those days, the
UTI was an impressive business idea. The Unit Scheme of 1964 was a well-liked asset
program that lasted a long time.
phases include
• Phase of inception (from 1964 to 1987)
• public sector participation (from 1988 to 1993)
• private sector entry (from 1993 to 1996)
• consolidation (from February 2003 to April 2014)
• a period of constant growth and development (from May 2014)
Phase Of Inception (1964-87):
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The foundation of the UTI recognized the fundamental stage. However, the final
option was quickly separated from the Unit Trust of India's day-to-day operations as a
result of a joint effort between the RBI and the Indian government. At the time, the
organization was the sole administrator in the Indian shared reserve sector. The UTI
introduced the Unit Linked Insurance Plan, or ULIP, in 1971. From that point forward
until 1986, UTI offered a few concepts and significantly contributed to the
introduction of shared assets in India. When UTI was established a long time ago, the
goal was to provide a corpus for country working and to promote the idea of shared
assets in India. Thus, the public authority incorporated a couple of individual
spending slices in the UTI plans to help the little Indian monetary ally. As would be
expected, UTI's investable corpus increased from 600 crores in 1984 to 6,700 crores
in 1988. Obviously, the opportunity has arrived for the Indian common area to
advance to the following stage.
Public sector participation (from 1988 to 1993):

The common asset area had fostered its own character toward the finish of 1988.
Starting around 1987, various public region banks have been campaigning the public
authority to shape their own common resource arms. The State Bank of India laid out
the first non-UTI Resource The executives Asset in November 1987. The production
of other AMCs by foundations like as Canara Bank, Indian Bank, Disaster protection
Organization, General Protection Enterprise, and Punjab Public Bank immediately
followed.
The beneficial results were accomplished because of the opening up of the normal
resource business. The whole corpus of all AMCs arrived at an astounding Rs. 44,000
crores in 1993. As per industry spectators, the business' establishment developed
further in the resulting stage, provoking monetary sponsor to store a more noteworthy
part of their assets in pooled holds. Obviously, India's normal resource industry was
ready for more noteworthy turn of events.
Private sector entry (from 1993 to 1996):

The Indian government perceived the significance of the Indian economy's
development somewhere in the range of 1991 and 1996. Changes in the financial
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region were a basic prerequisite. For India's economy to be remade, confidential area
joint effort was fundamental.
Remembering this, the public authority opened up the common resource market to
private members too. Obscure players energized this move by flooding the Indian
market with their items. During this time, 11 confidential members - working
alongside obscure substances - sent their Resource The executives Assets off.
In the confidential area, a portion of the top AMCs were:
• ICICI Prudential AMC is a joint endeavor between ICICI Bank and Prudential
Plc of the Unified Realm. It has an arrangement of north of 1400 projects and
deals with a corpus of INR 2, 93,000 crores.
• HDFC Shared Asset the HDFC Common Asset, which was established during
the 1990s, manages more than 900 unique kinds of assets.
• Kotak Mahindra Shared Asset This AMC oversees over Rs. 1,19,000 crores in
resources. It is a joint endeavor between the Mahindra Gathering and Kotak
Monetary Administrations.
Consolidation (from February 2003 to April 2014)

Following the cancelation of the main UTI Demonstration of 1963, the Unit Trust of
India was parted into two distinct substances in February 2003. The UTI Shared
Asset (which follows SEBI standards for MFs) and the Unit Trust of India's
Predefined Undertaking were the two isolated substances (SUUTI). The common
resource business made progress towards the time of mix following the bifurcation
of the previous UTI and different solidifications among different confidential region
substances.
The money related business areas all over the planet were at a record-breaking low
following the worldwide monetary emergency of 2009, and the Indian market was no
exemption. Most of monetary supporters who had placed their cash in during the
market's pinnacle hours had experienced colossal misfortunes. The monetary
supporters' confidence in the MF items was seriously shaken thus. During the
following two years, the Indian shared reserve industry endeavored to recuperate
from these misfortunes and revamp itself. The circumstance demolished further
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when SEBI abrogated the segment trouble and the drawn-out impacts of the
worldwide monetary emergency. The drowsy ascent in the Indian MF industry's
general AUM mirrors this issue.
A period of constant growth and development (from May 2014)

SEBI gave different gentle measures in September 2012 because of the absence of
entrance of typical assets in India, especially in the level II and level III metropolitan
zones. The objective of these activities was to carry more straightforwardness and
security to the associates' advantages. This was SEBI's arrangement to 'recharge' the
Indian MF industry and increment the absolute progression of regular assets into the
country.
The endeavors were truly useful in that they countered the negative model that was
laid out because of the overall monetary emergency. The circumstance deteriorated
essentially after the new government took on obligation in the center.
Since May 2014, the Indian common asset market has seen a consistent inflow of
assets and an ascent in general AUM as well as the all-out number of financial
supporter records (portfolio). All right now, India's Resource the Executives
Organizations handle a consolidated resource worth of generally Rs. 23 lac crores. In
spite of the way that this number seems engaging, we should go far to get up to speed
toward the west.
It is decided by the manner in which Indians save generally Rs. 20-30 lakh crores
consistently. The Indian typical asset business might blast on the off chance that
Indians started money management a more noteworthy piece of their reserve funds in
common assets. Onlookers guarantee that Indians have started to move a piece of their
holding resources from substantial resources, for example, gold and land to monetary
instruments like insurances and silver. In any case, the AMFI and the public authority
should enable Indians in an extraordinary manner to profit from pooled reserve funds.
• On May 31, 2014, the business' AUM passed the ten trillion (ten lakh crore)
mark interestingly, and in under three years, the AUM had extended more than
twofold, passing the twenty trillion (twenty lakh crore) mark in August 2017. In
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November 2020, the AUM arrived at 30 trillion rupees (30 lakh crores). The
general size of the Indian MF Industry has developed from ₹ 6.75 trillion as on
29th February 2012 to ₹ 37.56 trillion as on 28th February 2022, a greater
number of than 5½ overlap expansion in a range of 10 years
• The AUM of the common asset industry has expanded by more than two-crease
over the most recent five years, from 17.89 trillion on February 28, 2017 to 37.56
trillion on February 28, 2022.
• The quantity of financial backer folios has expanded from 5.44 crore on February
28, 2017 to
12.61 crore on February 28, 2022, a greater number of than 2-crease
development
• By and large, 11.96 lakh new folios have been added consistently since February
2017.
1.4 CLASSIFICATION OF MUTUAL FUND SCHEMES TYPES

OF MUTUALFUND SCHEMES
Shared reserves come in numerous assortments, intended to meet different financial

backer objectives. Common assets can be extensively characterized in view of -
• Association Construction - Unconditional, Close finished, Span
• The executives of Portfolio - Effectively or Inactively
• Venture Objective - Development, Pay, Liquidity
• Fundamental Portfolio - Value, Obligation, Crossover, Currency market

instruments, Multi Resource
• Topical/arrangement situated - Assessment saving, Retirement benefit,

Youngster government assistance, Exchange
• Trade Exchanged Assets
• Abroad assets
• Asset of assets
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Conspire Characterization by Association Construction:
✓ Unassuming plans are super durable and accessible for

membership and repurchase at the ongoing NAV on all work
days. Shut finished reserves have a foreordained development
date. The units are given toward the
✓ beginning of the deal and must be reclaimed when they arrive at
development. Shut finished conspire units should be recorded to
give
✓ leave course before development, and they can be sold/exchanged
on financial exchanges.
✓ Span plans permit buy and reclamation during indicated exchange
periods (stretches). The exchange time frame must be for at least 2
days and there ought to be essentially a 15-day hole between two
exchange periods. The units of span plans are additionally
obligatorily recorded on the stock trades.
Conspire Grouping by Portfolio The board:

Active funds
In a Functioning Asset, the Asset Director is 'Dynamic' in choosing whether to
Purchase, Hold, or Sell the hidden protections and in stock determination. Dynamic
assets embrace various techniques and styles to make and deal with the portfolio.
• The speculation system and style are portrayed forthright in the Plan Data report
(offer record)
• Dynamic assets hope to produce better returns (alpha) than the benchmark file.
• The gamble and return in the asset will rely on the system took on.
• Dynamic subsidizes carry out systems to 'choose' the stocks for the portfolio.
Passive fund
Latent Assets hold a portfolio that imitates an expressed File or Benchmark for
example -
▪ File Assets
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▪ Trade Exchanged Assets (ETFs)

In a Latent Asset, the asset chief plays a detached part, as the stock
determination/Purchase, Hold, sell choice is driven by the Benchmark Record and the
asset director/vendor only necessities to recreate something very similar with
negligible following mistake.
Active V/S Passive Funds:
Active Fund
▪ Depend on proficient asset chiefs who oversee speculations.
▪ Expect to beat Benchmark List
▪ Appropriate for financial backers who wish to exploit reserve chiefs' alpha age
potential.
Passive funds
▪ Speculation possessions reflect and intently track a benchmark record, e.g.,

List Assets or Trade Exchanged Assets (ETFs)
▪ Appropriate for financial backers who need to distribute precisely according to

advertise record.
▪ Lower Cost proportion subsequently lower expenses for financial backers and
better liquidity
Classification By Investment Objectives:

Common supports offer items that take care of the different venture goals of the
financial backers, for example,
▪ Capital Appreciation (Development)
▪ Capital Conservation
▪ Standard Pay
▪ Liquidity
▪ Charge Saving
Common supports likewise offer money growth strategies, like Development and
Profit choices, to assist with fitting the venture to the financial backers' necessities.
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Growth Funds
▪ Development Assets are plans that are intended to give capital appreciation.
▪ Basically, put resources into development situated resources, like value
▪ Interest in development situated reserves require a medium to long haul venture
skyline.
▪ Over the long haul, value as a resource class has generally outflanked most
different sorts of financial planning. Development reserve returns, then again,
may be whimsical in the close to term because of cost variances in the hidden
value shares.
▪ Thus, financial backers should have the option to take unpredictability in the
profits for the time being.
Income funds:
▪ The objective of Pay Assets is to furnish financial backers with a
predictable stream of pay.
▪ Pay reserves put resources into fixed pay protections like Corporate
Securities, Debentures and Government protections.
▪ The premium pay created on these ventures, as well as capital additions
from any adjustment of the worth of the protections, add to the asset's
return.
▪ In the event that the portfolio procures the necessary returns, the asset
will scatter the pay. It's basically impossible to know how much cash
you'll make.
▪ The profits will rely on the tenor and credit nature of the protections held.
LIQUID / OVERNIGHT /MONEY MARKET MUTUAL FUNDS:

➢ Financial backers needing liquidity and capital security with comparable returns
ought to pick Fluid Plans, Short-term Assets, and Currency Market Shared
Assets.
➢ The assets put resources into currency market instruments with developments not
surpassing 91 days. The return from the assets will rely on the transient loan cost
predominant on the lookout.
➢ These are ideally suited for financial backers who need to save their
overabundance resources in a protected spot for a short period of time. -
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Financial backers who hold these assets for broadened timeframes might be
previous higher prizes accessible from items intended for longer holding periods.
➢ Business papers, business bills, depository charges, Government protections with
an unexpired development of as long as one year, call or notice cash,
endorsement of store, overdraft bills, and some other like instruments as
determined by the Save Bank of India every once in a while, are instances of
currency market instruments.
Classification By Investment Portfolio:

➢ Mutual fund products are classed depending on the makeup of their underlying
portfolio. The resource type in which the asset contributes, for example, stock,
obligation, currency market instruments, or gold, will be the primary degree of
categorisation.
➢ The second degree of order depends on the portfolio's methodologies and styles,
for example, Pay store, Dynamic Security Asset, Foundation reserve, enormous
cap/Mid-cap/Little cap Value reserve, Worth asset, etc.
➢ The portfolio creation streams out of the speculation goals of the plan.
RISK FACTORS IN MUTUAL FUNDS
Standard Risk Factors include:

• Shared reserve plans don't ensure that merchandise will be returned.
• Interest in Shared Asset Units incorporate dangers, for example, exchanging
volumes, settlement risk, liquidity hazard, and default risk, as well as the chance
of a deficiency of head.
• The worth of premium in a typical resource Plan might increment or lessening
when the expense/regard/loan costs of the protections in which the Plan
contributes differ.
• No matter what the variables that impact the worth of individual interests in the
Plan, the NAV of the Plan might vacillate in light of changes in the more
extensive worth and security markets, as well as elements influencing capital and
money markets as a general rule, for example, however not restricted to, changes
in funding costs, cash exchange rates, changes in Government courses of action,
charge evaluation, political, financial, or different occasions.
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• Past execution doesn't guarantee future execution of any Common Asset Plan.
SPECIFIC RISK FACTORS:
Risks Associated with Investments in Equities:
➢ Risk of losing money: Interests in value and value related instruments imply a
level of chance and financial backers shouldn't put resources into the value plans
except if they can bear to face the challenge of conceivable loss of head.
➢ Price risk: Value offers and value related instruments are unpredictable and
inclined to cost vacillations consistently.
➢ Liquidity Risk for listed securities: The liquidity of ventures made in the values
might be limited by exchanging volumes and settlement periods. Settlement
periods might be expanded altogether by unexpected conditions. While
protections that are recorded on the stock trade convey lower liquidity risk, the
capacity to sell these ventures is restricted by the general exchanging volume on
the stock trades. The powerlessness of a common asset to sell protections held in
the portfolio could bring about possible misfortunes to the plan, should there be a
resulting decrease in the worth of protections held in the plan portfolio and may
in this way lead to the asset causing misfortunes till the security is at last sold.
➢ Event risk: Cost risk because of organization or area explicit occasion.
1.5ADVANTAGES OF INVESTING IN MUTUAL FUNDS

➢ Professional Management:
Monetary patrons probably won't have the open door or the normal data and
resources for direct their investigation and purchase individual stocks or bonds.
A typical resource is managed by full-time, capable money bosses who have the
dominance, experience and resources for successfully buy, sell, and screen
hypotheses. A resource chief industriously screens hypotheses and rebalances the
portfolio fittingly to meet the arrangement's objectives. Portfolio the board by
capable resource bosses is one of the principal advantages of a typical resource.
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➢ Risk diversification:
Buying participates in a common resource is a straightforward technique for
separating your hypotheses across various securities and asset groupings, for
instance, worth, commitment and gold, which helps in spreading the bet - so you
won't have every one of your ventures restricted on one spot. This turns out to be
significant when a secret security of a given normal resource contrive
experiences market headwinds. With improvement, the bet related with one asset
class is countered by the others.
For a few monetary patrons, it might be even more costly to directly purchase
every one of the particular securities held by a lone normal resource. Amazingly,
the base initial endeavors for most shared saves are more sensible.
➢ Liquidity
You can without a doubt recover (sell) units of open-completed shared store
intends to meet your financial prerequisites on any work day (when the
protections trades or possibly banks are open), so you have straightforward
permission to your money. Upon recovery, the recuperation aggregate is credited
in your record in something like one day to 3-4 days, dependent upon the kind of
plan
e.g., in respect of Fluid Assets and Short-term Assets, the recuperation aggregate
is paid out the accompanying work day.
➢ Low cost
A huge advantage of shared holds is their negligible cost. Due to tremendous
economies of scale, normal sponsors plans have a minimal expense extent. Cost
extent tends to the yearly resource working expenses of an arrangement,
imparted as a level of the resource's ordinary net assets. Working expenses of an
arrangement are association, the chiefs, publicizing related costs, etc. The
limitations of cost extent for various types of plans have been demonstrated
under Guideline 52 of SEBI Shared Asset Guidelines, 1996.
➢ Well-Regulated
Normal Assets are constrained by the capital business areas regulator, Protections
and Trade Leading body of India (SEBI) under SEBI (Shared Assets) Guidelines,
1996. SEBI has put down intense principles and rules keeping monetary sponsor
protection, straightforwardness with appropriate bet lightening design and fair
valuation norms.
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➢ Tax benefits
Interest in ELSS up to ₹1,50,000 meets all requirements for tax reduction under
area 80C of the Personal Duty Act, 1961. Shared Asset speculations when held
for a more drawn out term are charge effective.
1.6 DIRECT VS REGULAR PLAN
Each common asset plot has two plans - Immediate and Customary plans. There
are three key differentiations, all between related, if you dissect direct versus
standard normal resources - how you purchase, the worth (NAV) and consistent
cost (outright expense extent). Both the plans enjoy their benefits. Monetary
supporters should appreciate how these two plans function to the extent that the
cost structure, how it affects their benefits and make informed decisions
regarding whether to place assets into Immediate or Normal shared store plans.
Direct mutual fund plan:

Direct plans are bought from the AMC and no agent is involved. You can place
assets into direct plans online by going to AMC webpage or by visiting the AMC
or the selection community's office in your city. You can in like manner put
assets into direct plans through SEBI Enlisted Speculation Guides (RIAs); RIAs,
in any case, charge a cost to their clients for their advance notice organizations.
Since normal resource shippers are not locked in with direct game plan
hypotheses, the asset the chief's association doesn't have to achieve scattering
costs (distributer's rewards). Along these lines, expecting you take a gander at
standard versus direct shared save, you will find TERs (hard and fast expense
extent) of direct plans are lower.
Regular Mutual Fund Plan:

Ordinary plans are bought through shared store wholesalers. Normal resource
distributer offers kinds of help like empowering monetary patrons on what shared
plan to place assets into, introducing monetary sponsor's Know Your Client
(KYC) records to the Enlistment centers and Move Specialists (RTAs) or AMCs,
helping monetary benefactors with the hypothesis connection (for instance
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submitting application designs, checks, etc. to the RTAs/AMCs), nonstop

organizations (for instance making account enunciations, recuperation requests,
etc.). For these organizations, the vendors get commissions from the AMC as
long as you remain put assets into the common hold plans. The AMC adds these
commissions to the TER of ordinary plans. Hence, the TERs of standard plans
are higher than those of direct plans.
1.7 INVESTMENT STRATEGIES

Systematic invest plan:
Under this, a legitimate total is contributed consistently on a respectable date of a
month. Portion is 24 made through post-dated checks or direct charge
workplaces. The monetary benefactor gets less units when the NAV is high and
more units when the NAV is low. This is called as the upside of Rupee Cost
Averaging (RCA)
Systematic transfer Plan:
Under this, a financial backer puts resources into obligation situated asset and
carefully guide move a proper total, at a decent stretch, to a value plan of a
similar common asset.
Systematic Withdrawal Plan:

on the off chance that somebody wishes to pull out from a shared asset, he can
pull out a proper sum every month.
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CHAPTER -2
PROFILE OF THE INDUSTRY
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2.1 ICICI PRUDENTIAL MUTUAL FUND

ICICI Prudential Asset Management Company
The ICICI Prudential Mutual Fund, managed by ICICI Asset Management

Company, is one of the largest mutual funds in the country. It is a joint venture
between UK-based Prudential PLC and his ICICI Bank, India's largest private
bank. The asset currently has over 1000 representatives in 120 locations. ICICI
Prudential Shared Store is incorporated as a trust under the Trusts Act of India,
1882 and Trust Confession dated 25th August 1993. In 1908 the trust deed
was registered under the Indian Registration Act. The legal controller of the
Fund's scheme is ICICI prudential Trust limited. The Organic Law of 1956
was applied and an association was established. On 12th October 1993, SEBI
selected common assets under registration code MF/003/93/6. However, it is a
wholly owned subsidiary as ICICI Bank Ltd owns Trustee and his 51% of
Prudential's subscribed capital.
ICICI Prudential Asset Management Company Ltd is a national asset

management firm focused on bridging the gap between reserves and ventures
and creating long-term wealth for investors through a variety of fundamental
and essential speculative arrangements. management company (AMC). A MC
is a joint venture between ICICI Bank, a well-known and reputable name in
Indian financial services, and Prudential Plc, perhaps the largest financial
services company in the United Kingdom. During this long period of
cooperation, the organization has achieved a prominent position in the Indian
investment fund market.
In the common assets area, AMC manages a large number of assets under
management (AUM). Portfolio management services for national lenders are
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also handled by AMC, as well as international operations for clients across

global economic sectors in resource classes such as fixed income, equities and
real estate. AMC has grown significantly from his two locations and his six
employees when the joint venture began in 1998 to the current joint venture.
A force of 1,855 delegates (as of April 30, 2021), covering over 350 areas and
reaching out to a base of 7.4 million funders. The organization's development
team has done an excellent job focusing on increasing the availability of
financial sponsors
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2.2 ICICI BANK LIMITED
Representatives of the World Bank, the Government of India and Indian industry
pushed for his establishment of ICICI in 1955. The main objective was to build a
financial base to provide medium- to long-term project funding to Indian
organizations. Until the late 1980s, ICICI's activities were primarily focused on
project finance. After that, we started providing long-term assets for various modern
projects. With the development of India's financial sector in the 1990s, ICICI
expanded its operations from a development finance foundation that offered venture
capital only to an expanded fund management offering a wide range of products and
controls along with charities and other fundraising organizations. Changed to provider.
As the Indian economy became more market oriented and integrated with the global
economy, ICICI benefited from new opportunities to offer a broader range of
consumers a greater variety of financial products and services. ICICI Bank became
part of the ICICI Group in 1994. In 1999, ICICI became the first Indian company and
the first non-Japanese Asian bank or financial institution to be listed on the New York
Stock Exchange.
Finally, in the late 1990s, the issue of ubiquitous banking was discussed. In the Indian
context, this meant transforming long-term lending institutions such as ICICI into
commercial banks. The transformation into a bank enabled ICICI to accept low-cost
referral transactions and offer a wider range of products and services. Also,
opportunities to receive non-reserve-based rewards through financial fees and
commissions have increased. After considering various corporate restructuring options
in the light of the increasing competitive environment in the Indian financial industry
and the move to all-inclusive banking, the management of ICICI and ICICI Bank have
concluded to merge ICICI and ICICI. rice field.
Banking is the most important option for these two elements, and it is the appropriate
legal framework for the widely used ICICI Group's financial methods.
Through the combined element's access to minimal expense stores, more prominent
openings for acquiring charge-based pay, and the ability to participate in the
instalments framework and provide exchange banking administrations, the
consolidation would increase an incentive for ICICI investors. Through an enormous
capital base and size of activities, consistent admittance to ICICI's solid corporate
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connections developed over fifty years, passage into new business sections, a larger
piece of the pie in various business segments, particularly charge-based
administrations, and access to ICICI and its auxiliaries' vast ability pool, the
consolidation would improve an incentive for ICICI Bank investors.
ICICI and ICICI Bank's Boards of Directors approved the merger of ICICI and two of
its wholly owned retail finance auxiliaries, ICICI Personal Financial Services Limited
and ICICI Capital Services Limited, with ICICI Bank in October 2001. The merger
was approved by ICICI and ICICI Bank shareholders in January 2002, the Gujarat
High Court in Ahmedabad in March 2002, and the High Court of Judicature in
Mumbai and the Reserve Bank of India in April 2002. As a result of the merger, the
ICICI group's funding and banking operations, both discount and retail, were merged
into a single entity. Overall, ICICI Bank is India's largest private bank as of the end of
March 2018. Commercial Banking, Retail Banking, Project and Corporate Money,
Working Capital, Lending and Private Value, Speculative Banking, Brokerage and
Custody and Administration, and Protection are just some of the services provided by
ICICI Bank and its divisions. ICICI also has global subsidiaries in the UK, Canada,
Singapore, Bahrain, Sri Lanka, Hong Kong, Belgium, Germany, and many other
countries.
2.3 ABOUT ICICI PRUDENTIAL MUTUAL FUND:
The ICICI Prudential Shared Store is his second largest resource in India's board
organization. ICICI's Regulatory Common Assets has played a key role in shaping his
CRISIL rating framework for India. ICICI Prudential Common Asset plans to create
complex arrangements of shared reserve resources that combine speculation and
payments to enable investors to develop assets that meet their cash needs. Venture
options are aimed at raising capital by investing resources in global and domestic
organizations.
Support:
ICICI Mutual Funds are supported by ICICI Bank Limited and Prudential (a public
limited company). Supporters are pilgrims of the Mutual Fund Trust. ICICI Bank has
handed over Rs 10 lacs and Prudential Plc to the Legal Manager with the approval of
the Reserve Bank of India. In addition, the Steward has available her Rs 12.2 as an
initial duty in the common property corpus.
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Note:
Prudential Plc is incorporated in England and Wales and is authorized to trade stocks
in London, Hong Kong, Singapore and New York. Prudential Plc and its affiliates are
one of the world's most important currency control groups. Prudential Plc serves
approximately 26 million customers worldwide. Prudential Plc consists of three major
business meetingss
Prudential Corporation Asia:
Prudential Corporation Asia has excellent overall protection and resource allocation
policies In 14 countries, it covers the country's most likely financial problems.
Prudential Corporation Asia has been operating in Asia for over 90 years and has built
a multi-channel business with excellent execution.
Jackson:
Jackson offers speculation about the business and income plans of millions of
residents across the United States heading into retirement. Jackson's advances in
individual store item development and capacity consistency have allowed customers to
build strong confidence in meeting their needs. Jackson makes special speculative
decisions that enable clients to seek financial goals.
Regulatory M&G:
M&G Prudential is a leading reserve fund and venture capital organization. This he
designed in August 2017 and was known to be best suited to meet the evolving
expectations of UK and European clients for money management. It has a mixed
business case for two strongly related factors: elite development capabilities, global
reach, and a well-established location of resources.
Types of ICICI Prudential Mutual Fund Balanced Funds
Compensation Fund:
A balanced fund is an investment vehicle that allows investors to invest in both stocks
and bonds. Best option for long-term investors with medium risk.
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Gilt Fund:
This fund is ideal for short to long term investments. This fund is intended for
investors who do not want to risk their money for federal and state assets.
Exchange Traded Funds:
ETFs allow you to invest in company shares, precious metals, and currencies while
trading shares on the stock exchange. Pension Fund/Debt Fund:
Through this fund, investors can invest in medium- and short-term bonds such as
corporate bonds, unsecured loans, government securities, commercial paper and other
financial market collateral. Unlike equity funds, debt funds are less risky. He is one of
the most recommended cycles for investors who do not want to take risks and prefer
stable and predictable income.
Money Market Funds/Liquid Funds:
This fund is ideal for investors looking for easy liquidity by investing in the corporate
sector. This allows investors to make short-term investments.
The ICICI Equity Plot is ideal for funders seeking commitment and value appreciation
with the aim of profiting from both cumulative payments and long-term capital
development. The plan consists of investing resources in market capitalization. Large-
cap stocks include investee companies selected by market capitalization from among
the top 100 stocks, while small- and mid-cap stocks have long-term growth potential.
The plan uses a combination of hierarchical and basic techniques when making
selections.
An investor wishing to participate in the growth story of the stock market by holding a
portion of its assets in fixed income securities can consider his 3+ year investment in
this program.
LIST OF ICICI EQUITY SCHEMES
▪ ICICI Prudential Blue-chip Fund
▪ ICICI Prudential Large & Mid Cap Fund
▪ ICICI Prudential Multicap Fund
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▪ ICICI Prudential India Opportunities Fund
▪ ICICI Prudential Value Discovery Fund
▪ ICICI Prudential Long Term Equity Fund (Tax Saving)
▪ ICICI Prudential Focused Equity Fund
▪ ICICI Prudential Dividend Yield Equity Fund
▪ ICICI Prudential Midcap Fund
▪ ICICI Prudential Small cap Fund
▪ ICICI Prudential Banking & Financial Services Fund
▪ ICICI Prudential FMCG Fund
▪ ICICI Prudential Technology Fund
▪ ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund
▪ ICICI Prudential Exports and Services Fund
▪ ICICI Prudential Infrastructure Fund
▪ ICICI Prudential Manufacture in India Fund
▪ ICICI Prudential MNC Fund
▪ ICICI Prudential Bharat Consumption Fund
▪ ICICI Prudential Global Stable Equity Fund
▪ ICICI Prudential US Blue-chip Equity Fund
SELECTED EQUITY MUTUAL FUND SCHEMES
SCHEMES TYPE OF SCHEME SCHEME

OBJECTIVE
ICICI Prudential Large & An open-ended equity scheme To generate
Mid Cap Fund investing in both large cap good returns by
and mid cap stocks. investing in both
large cap and
mid cap stocks.
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ICICI Prudential Multicap A continuous stock program To generate

Fund (ICICI Prudential that invests in large, mid and returns by
Multicap Fund) small cap stocks investing across
large cap, mid
cap and small
cap stocks.
ICICI Prudential Midcap An open stock plan that To generate
Fund primarily invests in mid-cap income by
stocks investing in
diversified
Midcap companies.
ICICI Prudential Long Term Open-ended equity-linked To provide long
Equity Fund (Tax Saving) savings plan with 3-year term capital
statutory block period and tax appreciation by
incentives primarily
investing in
equity and
related securities
and provides tax
benefit under
section 80C of
Income Tax Act.
ICICI Prudential Blue-chip An open-ended equity scheme To
Fund predominantly investing in predominantly
large-cap stocks. investing in
large-cap stocks.
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CHAPTER 3
REVIEW OF LITERATURE & RESEARCH DESIGN
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INTRODUCTION:
Over the past twenty years, common assets have filled in fame. A type of aggregate
speculation instruments expertly made due. Shared reserves have filled in notoriety as
a basic and minimal expense choice for financial backers to take part in the monetary
business sectors. It tends to be a significant piece of an individual's monetary
arrangement. They give the open door to capital turn of events and pay through
speculation execution, profits, and conveyances, which are all overseen by a portfolio
chief who settles on venture decisions for the benefit of common asset unit holders.
Throughout the past 10 years, common assets have been the favored long haul venture
vehicle for some financial backers. The presentation of a shared asset not entirely
settled by the connection among hazard and return. Since there are so many resource
the executives’ associations in India, it means a lot to take a gander at their record to
see whether it can assist financial backers with picking the legitimate common asset.
3.1 REVIEW OF LITERATURES:
➢ (Padmaja, 2013) A mutual fund is a type of well-managed aggregate

speculation vehicle that combines funds from various investors to purchase securities.
The term "communal property" has no legal definition and may apply only to
collective speculations of a controlled, publicly available and perpetual nature.
Collective assets have both advantages and disadvantages compared to investing
resources in individual protection. They play an important role in today's household
budget. This report explores funder perceptions of common wealth, funder insights,
trends and adequacy of common reserves. Also, some ideas on building mindfulness
for common assets and measures for choosing the right common assets to increase
profits were created.
➢ (Dr. Vikas Choudhary and Preeti Sehgal Chawla )A trust that pools the reserves
of various lenders that share common financial goals is called joint ownership. The
funds are then invested in capital market instruments such as issuances, corporate
bonds and various hedges. Capital gains are distributed to unitholders in proportion to
the number of units held. Shared assets are therefore the most appropriate investment
for the average person as they offer a rare opportunity to invest in a differentiated and
well-managed set of protections at a relatively low cost. India's shared wealth
industry began with the establishment of the Unit Trust of India in 1963
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➢ (Sehgal & Babar, 2017)The motivation behind the review is to conduct a

holistic assessment of performance benchmarks in terms of optional resource
estimation models, assess common asset presentations and recommend optimal
methodologies in the Indian environment. Examples of 237 Indian Open Value
(Development) Plans launched between April 2003 and March 2013 were used.
Both unbounded and conditional renditions of the eight execution models were
used. In particular Jensen's measurements (1968), the 3s model, the 4s model, his 3-
element model of Fama and French (1993), and Car Hart's (1997).
➢ (Capon et al., 1996)This study examines how clients agree to venture
options for shared assets. Funders report considering a number of non-performance
factors. When investors gather near a speculative election cycle, a single small
group appears to be very knowledgeable about their ventures. In any event, most
investors are innocent and ill-informed. have all the sign about the speculative
methods and financial complexities of their ventures; Proposals for a joint
preliminary organization are being discussed.
➢ (Chandel et al., 2009)The Indian shared store industry is one of the quickest
developing areas in the Indian capital and monetary market. The dynamic
contribution of shared assets in the monetary improvement should be visible to their
predominant presence in the cash and capital market. In India's common asset
business, the quantity as well as nature of item and administration providing has
recently increased dramatically. The purpose of this article is to evaluate the display
of area specific common assets in terms of change and return. The examination has
been made with benchmark portfolio during the period July 5, 2006, to June 27,
2007. This study has inspected the exhibition of shared assets as far as various
measures' viz. chance and return, beta, Jensen's alpha, Sharpe record, Treynor's file,
coefficient values and t-values. The presentation of value reserve conspire has
uncovered that Birla Sun Life and Franklin India is showing more return to the net
resource esteem, when contrasted with the normal return in ICICI Prudential and SBI
Magnum.
➢ (Debasish, n.d.) In the scenery of progression and private interest in the
Indian shared store industry, the test to get by and hold financial backer certainty has
been a prime are of worry for reserve chiefs. For little financial backers who don't
have the opportunity or the mastery to take direct venture .
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3.2 STATEMENT OF THE PROBLEM:
The mutual fund industry is one of India's capital and financial markets' fastest
expanding sectors. In recent years, India's mutual fund business has seen
substantial expansion in terms of both quantity and quality of product and service
offerings. In the future, the mutual fund business has a lot of space for growth. A
number of asset management firms with international roots are expanding their
business in India. Commodity mutual funds have been approved by India's
Securities Exchange Board. India's mutual funds, as a result, have the potential to
expand into rural and semi urban areas. As a result, a detailed examination of the
mutual fund industry is required. The study's goal is to provide information to
retail investors, so they maymake educated mutual fund investment decisions.
3.3 SCOPE OF THE RESEARCH:
Mutual Fund Investment is a type of financial instrument made available to the

general public by financial institutions. They are well-managed collective
investments that pool money from a variety of participants and invest it in a variety
of equities, short-term money market financial instruments, bonds, and other
securities in order to earn income and deliver dividends. The future of mutual
funds in India is bright, indicating that the industry has a lot of room for growth.
There are numerous asset management firms operating in India. However, the
project's scope was limited to just one asset management firm. ICICI Prudential
AMC is the name of the company. ICICI Prudential AMC has surpassed HDFC
Mutual Fund to become India's largest mutual fund by assets under management
(as of November 11, 2021). ICICI PrudentialAMC has also launched products that
are linked with consumer needs, resulting in a well- diversified mutual fund
portfolio. So, in this article, an attempt is made to learn about ICICI MUTUAL
FUND and their equity plans, as well as to suggest schemes that help to make a
higher return while taking risk and return into account.
3.4 RESEARCH OBJECTIVES:
➢ To study the Indian asset management company.
➢ To gain a better understanding of the performance of ICICI prudential

equities mutualfunds.
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➢ To assess the performance of ICICI prudential mutual fund's selected equity

schemes.
➢ To analyse the risks associated with ICICI prudential funds.
3.5 METHODOLOGY:
➢ Sources of data:
The current study focuses significantly on secondary data sources. For the
purpose ofgathering data,
• Articles and literatures.
• official web-sites of ICICI prudential mutual fund,

moneycontrol.com, Yahoofinance.com, nseindia.com,
bseindia.com, etc...
➢ period of coverage:
The study is confined to a period of four financial years from 2018 to 2021.
➢ Types of analysis and tools:
The data collected for the study has been tabulated, analyses and
presented with the help of appropriate tools of analysis. Various statistical
tools Like Standard deviation, Alpha, Beta, etc. used for measuring
systematic and unsystematic risk. To know the mutual fund having the
highest return to each unit of risk –Sharpe ratio is used. To know the risk
premium volatility of return-Treynor ratio is used.
3.6 LIMITATIONS OF THE STUDY:

➢ The research was restricted to ICICI prudential mutual fund plans.
➢ Only five schemes were chosen for examination.
➢ The research was limited to only determining the risks and

returns of each fundscheme.
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CHAPTER -4
DATA ANALYSIS AND
INTERPRETATION
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ANALYSIS AND INTERPRETATION
4.1 ICICI PRUDENTIAL LARGE AND MIDCAP -GROWTH

(DIRECTPLAN) VS BENCHMARK- NIFTY 50 (2018-2021)
STANDARD DEVIATION S. D=√(Y-Y) ^2/N
BETA BETA= N*ΣXY-(ΣX) (ΣY)
N*Σ(X)2-(ΣX)2
ALPHA ALPHA=Y-BETA(X)
SHARPE RATIO SHARPERATIO
= RP-RF
S. D
TREYNOR RATIO TREYNORRATIO
= RP-RF
BETA
Sharpe Treynor
Year Average SD Beta Alpha ratio ratio
2018 -0.0047 0.03726 0.70103 -0.00447 -0.13674 -0.00693
2019 0.0091 0.03835 1.10065 -0.00317 0.24573 0.00816
2020 0.0165 0.11276 1.06117 -0.00428 0.15265 0.01547
2021 0.0347 0.0444 0.84614 0.01546 0.81769 0.04091
INTERPRETATION:
In the years 2018,2019,2020,2021 standard deviation was high at the rate of

0.0372,0.0383,0.1127,0.0444 as compared with average(mean) value of every
year. in the year2019 and 2020 β is 1.1006 and1.0611 which is high risk because β
greater than 1. In the year 2018 and 2021 β value is 0.7010 and 0.8461 it is less
risky because it is less than 1. In the year 2021 Sharpe index was higher at the rate
of 0.8176 and in the year 2018 Sharpe index was less at the rate of -0.1367 the
Sharpe ratio is a measure of how well a fund has fared. The higher the Sharpe
ratio, the better the fund has performed. The Sharpe ratio is a metric that can be
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used to rank the attractiveness of a fund or a portfolio. In the year 2021 Treynor
index was higher at the rate of 0.0409 and in the year 2018 Treynor index was less
at the rate of -0.0069 a higher Treynor Index means a portfolio is a more suitable
investment.
NA
2000
V 700.00
0 0
1800 600.00
0 0
1600 500.00
0 0
1400 400.00
0 0
1200 300.00
0 0
01-01-2018
01-03-2018
01-05-2018
01-07-2018
01-09-2018
01-11-2018
01-01-2019
01-03-2019
01-05-2019
01-07-2019
01-09-2019
01-11-2019
01-01-2020
01-03-2020
01-05-2020
01-07-2020
01-09-2020
01-11-2020
01-01-2021
1000 200.00
0 0
8000 100.00
nifty Large 0
6000 50 &midcap
0.000
4000
2000
The above graph shows the movement of NAV of ICICI prudential equity mutual fund
0
(large &midcap-direct plan) and Benchmark index (nifty 50) for the period from Jan
2018 to Dec 2021. From the above graph we can see there is some correlation between
the movement of both.
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4.2 ICICI PRUDENTIAL LARGE AND MIDCAP -GROWTH

(REGULARPLAN) VS BENCHMARK- NIFTY 50 (2018-2021)

N*Σ(X)2-(ΣX)2
SHARPE RATIO SHARPE RATIO= RP-RF
S. D
TREYNOR RATIO TREYNOR RATIO= RP-RF
BETA
Treyn
Year Average SD Beta Alpha Sharpe ratio orratio
2018 -0.0016 0.0364 0.6784 -0.0046 -0.0484 -0.0025
2019 0.0084 0.0383 1.1003 -0.0039 0.2268 0.0075
2020 0.0159 0.1127 1.0604 -0.0049 0.1467 0.0149
2021 0.0341 0.0444 0.8454 0.0424 0.8031 0.0402
INTERPRETATION:

of 0.8031 and in the year 2018 Sharpe index was less at the rate of -0.0484 the
at the rate of -0.0025 a higher Treynor Index means a portfolio is a more suitable
investment.
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NA
2000
V 60
0 0
1800
0
50
1600 0
0
1400
0 40
0
1200
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
0
1000 30
0 0
nifty Large
8000 50 &midcap
6000 20
0
The
4000above graph shows the movement of NAV of ICICI prudential equity mutual
fund
2000(large &midcap-regular plan) and Benchmark index (nifty 50) for the period
10
from0 Jan 2018 to Dec 2021. From the above graph we can see there is some
0
correlation between the movement of both.
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4.3. ICICI PRUDENTIAL LONGTERM TAX -GROWTH (DIRECT PLAN) VS

BENCHMARK- NIFTY 500 (2018-2021)

N*Σ(X)2-(ΣX)2
SHARPE RATIO SHARPERATIO
=RP-RF
S. D
BETA
Treyn
2018 0.0036 0.0384 0.7633 0.0035 0.095 0.00450
2019 0.0114 0.0372 0.9857 0.0025 0.3171 0.0114
2020 0.0182 0.108 1.0061 -0.0018 0.1755 0.018
2021 0.0292 0.0362 1.0591 0.0012 0.8428 0.0275
INTERPRETATION:

0.0384,0.0372,0.108,0.0362 as compared with average(mean) value of every year.
in the year 2020 and 2021 β is 1.0061 and1.0591 which is high risk because β
of 0.8428 and in the year 2018 Sharpe index was less at the rate of 0.095 the
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at the rate of 0.0045 a higher Treynor Index means a portfolio is a more suitable
investment.
NA
16000 V 700
14000 600
12000 500
10000
400
8000
300
6000
200
4000
2000 100
0 0
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
01-04-2021
01-06-2021
01-08-2021
nifty 500 longterm
tax
The above graph shows the movement of NAV of ICICI prudential equity mutual fund
(long term tax-direct plan) and Benchmark index (nifty 500) for the period from Jan
2018 to Dec 2021. From the above graph we can see there is some correlation between
the movement of both.
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4.4. ICICI PRUDENTIAL LONGTERM TAX-GROWTH

(REGULARPLAN) VS BENCHMARK- NIFTY 500 (2018-2021)

N*Σ(X)2-(ΣX)2
S. D
BETA
Treyn
2018 0.0027 0.0384 0.7628 0.0026 0.072 0.00340
2019 0.0107 0.0374 0.9886 0.0018 0.2978 0.0107
2020 0.0176 0.1077 1.0033 -0.0023 0.1704 0.0174
2021 0.0287 0.0362 1.0587 0.0006 0.8266 0.027
INTERPRETATION:

of 0.8266 and in the year 2018 Sharpe index was less at the rate of 0.072 the
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at the rate of 0.0034 a higher Treynor Index means a portfolio is a more suitable
investment.
The below graph shows the movement of NAV of ICICI prudential equity mutual
fund (long term tax-regular plan) and Benchmark index (nifty 500) for the period
from Jan 2018 to Dec 2021. From the below graph we can see there is some
NAV
16000 700
14000 600
12000
10000 500
8000
6000
400
4000
2000 100
2
00 0 0
300
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
01-04-2021
01-06-2021
nifty 500 longterm tax
IAME | Page 39
4.5.ICICI PRUDENTIAL MIDCAP-GROWTH (DIRECT PLAN) VS

BENCHMARK- NIFTY 50 (2018-2021)

N*Σ(X)2-(ΣX)2
S. D
BETA
Treynor
Year Average SD Beta Alpha Sharpe ratio ratio
2018 -0.0086 0.0483 0.8591 -0.0093 -0.1294 -0.00660
2019 0.0072 0.0473 1.2086 -0.0077 0.1401 0.0047
2020 0.0036 0.1275 1.1475 -0.0011 0.181 0.0183
2021 0.0428 0.0372 0.5677 0.0226 0.9749 0.0624
INTERPRETATION:

0.0483,0.0473,0.1275,0.0372 as compared with average(mean) value of every year. in
the year2019 and 2020 β is 1.2086 and1.1475 which is high risk because β greater than
1. In the year 2018 and 2021β value is 0.8591 and 0.5677 it is less risky because it is
less than 1. In the year 2021 Sharpe index was higher at the rate of 0.9749 and in the
year 2018 Sharpe index was less at the rate of -0.1294 the Sharpe ratio is a measure of
how well a fund has fared. The higher the Sharpe ratio, the better the fund has
performed. The Sharpe ratio is a metric that can be used to rank the attractiveness of a
IAME | Page 40
fund or a portfolio. In the year 2021 Treynor index was higher at the rate of 0.0624
and in the year 2018 Treynor index was less at the rate of -0.0066 a higher Treynor
Index means a portfolio is a more suitable investment.
fund (Midcap-direct plan) and Benchmark index (nifty 50) for the period from Jan
2018 to Dec 2021. From the below graph we can see there is some correlation
between the movement of both.
NA
2000 V 20
0 0
1800 18
0 0
1600 16
0 0
1400 14
0 0
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
1200 12
0 0
1000 10
nifty midca
0 50 p 0
8000 80
6000 60
4000 40
2000 20
0 0
IAME | Page 41
4.6 ICICI PRUDENTIAL MIDCAP-GROWTH (REGULAR

PLAN) VSBENCHMARK- NIFTY 50 (2018-2021)

N*Σ(X)2-(ΣX)2
SHARPE RATIO SHARPE RATIO
= RP-RF
S. D
TREYNOR RATIO TREYNOR RATIO
= RP-RF
BETA
Treynor
2018 -0.003 0.0545 0.9371 -0.0071 -0.0594 -0.00330
2019 0.0048 0.0514 1.4309 -0.0111 0.0959 0.0033
2020 0.0181 0.0977 0.8781 0.0009 0.1933 0.0205
2021 0.0253 0.0311 0.4331 0.0154 0.8493 0.0582
INTERPRETATION:

IAME | Page 42
year. in the year 2019 β is 1.4309 which is high risk because β greater than 1. In
the year 2018, 2020 and 2021β value is 0.9371,0.8781 and 0.4331 it is less risky
because it is less than 1. In the year 2021 Sharpe index was higher at the rate of
0.8493 and in the year 2018 Sharpe index was less at the rate of -0.0594 the
index was higher at the rate of 0.0582 and in the year 2018 Treynor index was
less at the rate of -0.0033 a higher Treynor Index means a portfolio is a more
suitable investment.The below graph shows the movement of NAV of ICICI
prudential equity mutual fund (Multicap-regular plan) and Benchmark index
(nifty 50) for the period from Jan 2018 to Dec 2021. From the below graph we
can see there is some correlation between the movement of both.
NA
2000 V 12
0 0
1800
0
10
1600 0
0
1400
0
80
1200
0
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
01-04-2021
1000 60
0
8000
nifty midca 40
50 p
6000
4000
20
2000
IAME | Page 43
4.7 ICICI PRUDENTIAL MULTICAP-GROWTH (DIRECT

PLAN) VS BENCHMARK- NIFTY 50 (2018-2021)

N*Σ(X)2-(ΣX)2
SHARPE RATIO SHARPE RATIO
= RP-RF
S. D
BETA
Treyn
Year Average SD Beta Alpha Sharpe ratio or
ratio
2018 0.0041 0.0403 0.7988 0.0006 0.1039 0.00500
2019 0.0089 0.0346 0.9868 -0.0021 0.2669 0.0089
2020 0.0153 0.1112 1.0555 -0.0054 0.1428 0.0143
2021 0.0304 0.0416 0.7792 0.0126 0.7673 0.0389
INTERPRETATION:
IAME | Page 44

0.7673 and in the year 2018 Sharpe index was less at the rate of 0.1039 the Sharpe
ratio is a measure of how well a fund has fared. The higher the Sharpe ratio, the
better the fund has performed. The Sharpe ratio is a metric that can be used to
rank the attractiveness of a fund or a portfolio. In the year 2021 Treynor index was
higher at the rateof 0.0389 and in the year 2018 Treynor index was less at the rate
of 0.0050 a higher Treynor Index means a portfolio is a more suitable investment.
fund (Multicap-direct plan) and Benchmark index (nifty 50) for the period from
Jan 2018 to Dec 2021. From the below graph we can see there is some
NA
2000
V 60
0 0
1800
0
50
1600 0
0
1400
0 40
0
1200
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
0
1000 30
0 0
nifty multica
8000 50 p
6000 20
0
4000
2000
10
0 0
IAME | Page 45
0
4.8.ICICI PRUDENTIAL MULTICAP-GROWTH (REGULAR


N*Σ(X)2-(ΣX)2
S. D
BETA
Treynor
2018 0.0033 0.0403 0.7986 -0.002 0.0825 0.00390
2019 0.0081 0.0346 0.9862 -0.0029 0.2428 0.0081
2020 0.0144 0.1111 1.0544 -0.0063 0.1351 0.0136
2021 0.0296 0.0416 0.7786 0.0119 0.7441 0.0379
INTERPRETATION:

IAME | Page 46
0.7441 and in the year 2018 Sharpe index was less at the rate of 0.0825 the Sharpe
ratio is a measure of how well a fund has fared. The higher the Sharpe ratio, the
better the fund has performed. The Sharpe ratio is a metric that can be used to
rank the attractiveness of a fund or a portfolio. In the year 2021 Treynor index was
higher at the rateof 0.0379 and in the year 2018 Treynor index was less at the rate
of 0.0039 a higher Treynor Index means a portfolio is a more suitable investment.
fund (Multicap-regular plan) and Benchmark index (nifty 50) for the period from
Jan 2018 to Dec 2021.
NA
2000 V 50
0 0
1800 45
0 0
1600 40
0 0
1400 35
0 0
1200 30
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
01-04-2021
0 0
1000 25
0 0
nifty multica
8000 50 p 20
0
6000
15
4000 0
2000 10
0
0
50
IAME | Page 47
4.9.ICICI PRUDENTIAL BLUECHIP-GROWTH (DIRECT


N*Σ(X)2-(ΣX)2
S. D
BETA
Trey
Year Average SD Beta Alpha Sharpe ratio nor
ratio
2018 0.003 0.0395 0.8212 0.0003 0.0756 0.00350
2019 0.0113 0.0455 0.8991 0.0018 0.3801 0.0124
2020 0.0182 0.1008 0.9784 -0.0006 0.097 0.0504
2021 0.0255 0.0322 0.8771 0.005 0.8264 0.0289
INTERPRETATION:

IAME | Page 48
year. In the year 2018, 2019,2020 and 2021β value is 0.8212,0.8991,0.9784 and
0.8771 it is less risky because it is less than 1. In the year 2021 Sharpe index was
higher at the rate of 0.8264 and in the year 2018 Sharpe index was less at the rate
of 0.0756 the Sharpe ratio is a measure of how well a fund has fared. The higher
the Sharpe ratio, the better the fund has performed. The Sharpe ratio is a metric
that can be used to rank the attractiveness of a fund or a portfolio. In the year
2020 Treynor index was higher at the rate of 0.0504 and in the year 2018 Treynor
index was less at the rate of 0.0035 a higher Treynor Index means a portfolio is a
more suitable investment.
NA
2000
V 80.0
0 0
1800 70.0
0 0
1600 60.0
0 0
1400 50.0
0 0
1200 40.0
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
01-04-2021
0 0
1000 30.0
0 0
nifty bluechi
8000 100 p 20.0
0
6000
The above graph shows the movement of NAV of ICICI prudential equity mutual10.0
4000 0
fund (blue chip-direct plan) and Benchmark index (nifty 100) for the period from
2000
Jan 2018 to Dec 2021. From the above graph we can see there is some correlation0.00
0
between the movement of both.
IAME | Page 49
4.10 ICICI PRUDENTIAL BLUECHIP-GROWTH (REGULAR


N*Σ(X)2-(ΣX)2
S. D
BETA
Treynor
2018 0.0021 0.0395 0.8219 -0.0006 0.0527 0.00240
2019 0.0107 0.0307 0.8953 0.0013 0.3634 0.0119
2020 0.0176 0.1006 0.9771 -0.0011 0.1824 0.0179
2021 0.025 0.0322 0.8752 0.0045 0.8106 0.0284
INTERPRETATION:

year. In the year 2018, 2019,2020 and 2021β value is 0.8219,0.8953,0.9771 and
IAME | Page 50
0.8752 it is less risky because it is less than 1. In the year 2021 Sharpe index was
higher at the rate of 0.8106 and in the year 2018 Sharpe index was less at the rate
of 0.0527 the Sharpe ratio is a measure of how well a fund has fared. The higher
the Sharpe ratio, the better the fund has performed. The Sharpe ratio is a metric
that can be used to rank the attractiveness of a fund or a portfolio. In the year
2021 Treynor index was higher at the rate of 0.0284 and in the year 2018 Treynor
index was less at the rate of 0.0024 a higher Treynor Index means a portfolio is a
more suitable investment
NA
2000
V 7
0 0
1800 6
0 0
1600 5
0 0
1400 4
0 0
01-02-2018
01-04-2018
01-06-2018
01-08-2018
01-10-2018
01-12-2018
01-02-2019
01-04-2019
01-06-2019
01-08-2019
01-10-2019
01-12-2019
01-02-2020
01-04-2020
01-06-2020
01-08-2020
01-10-2020
01-12-2020
01-02-2021
1200 3
0 0
1000 2
0 nifty blue 0
100 chip
8000 1
The above graph shows the movement of NAV of ICICI prudential equity
6000
mutual 0
fund (blue chip-regular plan) and Benchmark index (nifty 100) for the period 0
4000
from Jan 2018 to Dec 2021. From the above graph we can see there is some
2000
0
IAME | Page 51
CHAPTER - 5
SUMMARY OF FINDINGS, SUGGESTIONS AND
CONCLUSION
IAME | Page 52
5.1 FINDINGS
• All of ICICI's prudential equity plans (large and midcap, long-term
tax, Midcap, Multicap, blue-chip) have a high standard deviation rate,
as can be seen. The statistical measure of an instrument's or
investment's volatility or risk. It will offer you an indication of how
far the fund's return can depart from the scheme's historical mean
return. The bigger the standard deviation, the more volatile the return
will be.
• If we examine the returns of the ICICI prudential equity mutual

fund's direct and regular plans (large and midcap, long term tax,
midcap, Multicap, blue-chip), both plans have had equal returns over
the last four years.
• We can observe from the overall study of the offered equities funds
that the ICICI prudential blue-chip scheme has a lower risk of
investment rate over the four years. It shows that the four-year beta
values are all below one, indicating that the rate of beta below one
indicates a lower risk of investment.
• If we look at the Treynor and Sharpe ratios, we can see that the
market's rate of performancefor all equity schemes (large and midcap,
long-term tax, Midcap, Multicap, blue-chip) is increasing every
month/year.
• Based on a four-year review of data from the aforementioned equity

funds, we can see that the Sharpe and Treynor ratios are primarily
high in 2021 and less in 2018. If the Sharpe ratio is higher, the fund
has done better,
• The performance of the regular plan and the direct plan differs.
• According to the Sharpe ratio, most equity products offer a

substantial premium toinvestors.
IAME | Page 53
5.2 SUGGESTIONS:
• Research and results show that the ICICI Prudential Equity Investment Fund
will continue to expand from 2108 to 2021. Those interested in investing in the
ICICI Prudential Equity Investment Fund can use these strategies and
techniques to analyze the fund. It helps you understand the risks and rewards of
each investment.
Investor awareness:
• Despite the fact that the market is flooded with different investment options,
many investors still limit their options to non-sovereign options such as gold
and term deposits. This is due to a lack of knowledge about mutual funds, which
has led many investors to stick to traditional investments such as gold and fixed
deposits. Therefore, investors' knowledge of mutual funds needs to be increased
in order to convince them to invest in mutual funds. We have to pay higher fees
to asset management companies.
• Investor confidence in mutual funds has increased due to improved mutual fund
performance over the past four to five years. The organizations that manage all
the assets in this scenario have worked hard to provide investors with great
returns. By paying better commissions to highly capable and highly motivated
asset management companies, we can strengthen our investment trust sales
structure.
IAME | Page 54
5.3 CONCLUSTION:
Mutual funds are a powerful investment opportunity that can provide investors with
long-term wealth. Meanwhile, ordinary investors continue to limit their options to
traditional options such as gold and term deposits, even as the market is flooded with
investment options such as mutual funds. This is because many investors are reluctant
to invest in mutual funds because they do not understand how mutual funds work. In
fact, many people who invest in mutual funds are unfamiliar with how they operate
and are managed. The study examined select equity funds and his benchmark indices,
the Nifty 50, Nifty 100, and Nifty 500, and found that there was a correlation between
the evolution of net asset values for each year. Looking at Treynor and Sharpe's
index, we can see that the market performance for all equity systems (large and mid-
cap, long tax, mid cap, multiple, blue chip) is increasing monthly/yearly.
Therefore, organizations that offer mutual funds must provide potential investors with
comprehensive information about mutual funds. Let's start with equity mutual funds,
which are mutual funds that invest primarily in stocks. Mutual fund investors prefer
stock funds because they expect a higher return on investment. Most investors don't
like to invest in debt mutual funds because they can earn the same amount of money
from the bank without taking any risks.
IAME | Page 55
BIBLIOGRAPHY
o Padmaja, R. (2013). A STUDY OF CONSUMER BEHAVIOR

TOWARDS MUTUAL FUNDS WITH SPECIAL REFERENCE TO ICICI
PRUDENTIAL MUTUAL FUNDS, VIJAYAWADA.
http://www.ijmrbs.com/currentissue.php
o Performance Evaluation of Mutual Funds: A Study of Selected
Diversified Equity Mutual Funds in India. (2014, October 1).
https://doi.org/10.15242/icehm.ed1014025
o Gunaseelan, R., & Ramanujan, V. (2010). Trends in the Growth of
ICICI Mutual Funds. Adarsh Journal of Management Research, 3(1), 35.
https://doi.org/10.21095/ajmr/2010/v3/i1/88368
o Kale, J. R., & Panchapagesan, V. (2012). Indian mutual fund industry:
Opportunities and challenges. IIMB Management Review, 24(4), 245–
258.https://doi.org/10.1016/j.iimb.2012.05.004
o DANIEL, K., GRINBLATT, M., TITMAN, S., & WERMERS, R.
(1997). Measuring Mutual Fund Performance with Characteristic-Based
Benchmarks. The Journal of Finance, 52(3), 1035–1058.
https://doi.org/10.1111/j.1540-6261.1997.tb02724.x
o Kothari, S. P., & Warner, J. B. (n.d.). Evaluating Mutual Fund
Performance.
o Sehgal, S., & Babbar, S. (2017). Evaluating alternative performance

benchmarks for Indian mutual fund industry. Journal of Advances in
Management Research, 14(2), 222–250. https://doi.org/10.1108/JAMR-
04-2016-0028
o Capon, N., FITZSIMONS Assistant Professor, G. J., & Alan Prince, R.
(1996). An Individual Level Analysis of the Mutual Fund Investment
Decision. In Journal of Financial Services Research (Vol. 10).
o Chandel, K., Kumar, R., & Rana, S. (2009). UNDERSTANDING
RISK AND RETURNS IN MUTUAL FUND INVESTMENTS. In
Apeejay Journal of Management and Technology (Vol. 4, Issue 1).
IAME | Page 56
o Debasish, S. S. (n.d.). Investigating Performance of Equity-based

Mutual Fund Schemes in Indian Scenario.
WEBSITES:
www.icicipruamc.com
www.finance.yahoo.com
IAME | Page 57
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“A STUDY ON PERFORMANCE EVALUATION OF ICICI

PRUDENTIAL MUTUAL FUND WITH SPECIAL REFERENCE

MASTER OF BUSINESS ADMINISTRATION

Under the guidance of

Designation of guide: Assistant Professor

INTERNATIONAL ACADEMY OF MANAGEMENT & ENTREPRENEURSHIP

MASTER OF BUSINESS ADMINISTRATION

Under the guidance of

Designation of guide: Assistant Professor

INTERNATIONAL ACADEMY OF MANAGEMENT & ENTREPRENEURSHIP

I, Veereshayya bearing the Registration No: P03ET21M0047 Studying in the 3rd

Date: Name: Veereshayya

Place: Bangalore Registration number:P03ET21M0047

I pay my obeisance to GOD, to have bestowed upon me good health, courage,

CHAPTER PARTICULARS PAGE NO.

1.2 History of mutual funds

1.4 Classification of mutual fund schemes

1.5 Advantages of investing in mutual 13-15

Research Design and Methodology

04 Data Analysis and Interpretations

4.1 Icici prudential large and midcap - 32-33

4.2 Icici prudential large and midcap -

4.4. Icici prudential longterm tax-

4.5.Icici prudential midcap-growth

4.6.Icici prudential midcap-growth 42-43

4.7 Icici prudential multicap-growth

4.8.Icici prudential multicap-growth

4.9.Icici prudential bluechip-growth 48-49

4.10.Icici prudential bluechip-growth

1.1 Background of the Study:

1.2 HISTORY OF MUTUAL FUNDS

1.3HISTORY OF INDIAN MUTUAL FUND INDUSTRY

Phase Of Inception (1964-87):

Public sector participation (from 1988 to 1993):

Private sector entry (from 1993 to 1996):

In the confidential area, a portion of the top AMCs were:

Consolidation (from February 2003 to April 2014)

A period of constant growth and development (from May 2014)

1.4 CLASSIFICATION OF MUTUAL FUND SCHEMES TYPES

Shared reserves come in numerous assortments, intended to meet different financial

• Association Construction - Unconditional, Close finished, Span

• The executives of Portfolio - Effectively or Inactively

• Venture Objective - Development, Pay, Liquidity

• Fundamental Portfolio - Value, Obligation, Crossover, Currency market

• Topical/arrangement situated - Assessment saving, Retirement benefit,

• Trade Exchanged Assets

Conspire Characterization by Association Construction:

✓ Unassuming plans are super durable and accessible for

Conspire Grouping by Portfolio The board:

▪ Trade Exchanged Assets (ETFs)

Active V/S Passive Funds:

▪ Depend on proficient asset chiefs who oversee speculations.

▪ Expect to beat Benchmark List

▪ Speculation possessions reflect and intently track a benchmark record, e.g.,

▪ Appropriate for financial backers who need to distribute precisely according to

Classification By Investment Objectives:

LIQUID / OVERNIGHT /MONEY MARKET MUTUAL FUNDS:

Classification By Investment Portfolio:

RISK FACTORS IN MUTUAL FUNDS