Summer Internship Report on Mutual Fund : Performance Evolution & Marketing

20554 Words83 Pages
SUMMER TRAINING REPORT
On
Mutual Fund: Performance evolution & Marketing Submitted in partial fulfillment of the requirements of the two year
Post Graduate Programme (PGP).

Submitted by
BIBHUTI JHA
Roll No: PGS20090080
Batch: 2009-2011 IILM Institute for Higher Education

Under The guidance of
Mr. Sunil Sharma
Branch Manager
Aditya Birla Money Mart Ltd, Faridabad
TABLE OF CONTENTS

S. NO | PARTICULARS | PAGE NO | 1 | ACKNOWLEDGEMENT | 3 | 2 | DECLARATION | 4 | 3 | EXECUTIVE SUMMARY | 5 | 4 | OBJECTIVES | 7 | 5 | SCOPE OF THE STUDY | 8 | 6 | METHODOLOGY | 8 | 7 | INTRODUCTION | 9 | 8 | RETORN FROM MUTUAL FUND | 11 | 9 |
…show more content…
To get a more detailed understanding of a particular function of the company, I studied the need, uses and benefits of SIP with respect to the wealth management, equity, sales and distribution.

Different statistical tools were used on the data obtained to get the average returns, absolute returns, standard deviation, Fund Beta, R-squared value, residual value, Relative Performance Index were calculated. These variables of the funds were compared with the same variables of the market to assess how the different funds have performed against the market.
A Statistical test, Mann Whitney U-Test, was done on the returns of the fund with respect to the Sensex returns. Another U-Test was done taking absolute return as the variable. These U- Test were done to test the hypothesis which was that the fund returns over the period of time are similar to the market returns over the period of time.
All the funds were classified into a hierarchical cluster on the basis of their average returns, absolute returns, standard deviation, fund beta, and relative performance index. This classification was to see whether the funds have similar properties or not. The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in

More about Summer Internship Report on Mutual Fund : Performance Evolution & Marketing

Open Document