Comparison of Reliance Mutual Fund with Others

A PROJECT take ON COMPARISON OF RELIANCE MUTUAL FUND WITH OTHERS UNDERTAKEN AT INDIA INFOLINE LTD. BARDOLI pic SUBMITTED BY DIMPLE M. SHARMA (10BBA52) GUIDED BY Mr. NAVIN H. SAPARIYA BBA PROGRAMME (Year 2012-13) pic VIDYABHARTI TRUST COLLEGE OF BBA & BCA, UMRAKH I DIMPLE SHARMA from Vidyabharti Trust College of BBA & BCA, Umrakh hereby declargon that the project report work on entitled Comparison of trustingness rough-cut line With an opposite(prenominal)s submitted by Ms. DIMPLE M. SHARMA Id no. 0BBA52 during December 2012 to February 2013 has been infrainterpreted as a part of 6th Semester of BBA syllabus of Veer Narmad to the south Gujarat University, Surat. I decl atomic number 18 that this report has non been submitted to any some otherwise university or institute for any other purposes. DIMPLE M. SHARMA (10BBA52) This Project work is indite in accordance with the Bachelor of Business Administration course prescribed by Veer Narmad South Gujarat University for two month project work.I am greatly thankful to India Infoline Ltd. , Bardoli for giving me an opportunity to work on this project at their company. I wish to express my sincere thanks to Mr. Viral Chauhan, I/c Principal of BBA College who gave me the chance to do this project report under India Infoline Ltd. , Bardoli. I wish to express my complicated sense gratitude to my guide Mr. Navin H. Sapariya whose constant function and support at all told told stages of this project has change me to actualize it. I am thankful to my company guide Mr.Parag Khatri, for providing his valuable suggestion and guidance which has given last-place touch to the report and alike for sharing his rich experience for the contents of this report without whom this project would non nominate been completed successfully. Last but non least, I am as well g deemful to my p bents, colleagues whose uninterrupted support has always boosted my moral towards working on this report. DIMPLE M. SHARMA (10B BA52)As a partial actionment of BBA Programmed all students argon required to undergo training for 2 months with respected to this I bewilder prep atomic number 18d a project report on Comparison of conviction vulgar blood line with Others. The project is ground under the assumption that, As correlative strain being a new enthronement avenue in the market place place people likes to get some information about assurance Mutual stock certificate. I inadequacy to measure the achievement of faith Mutual computer storage Schemes comp ard to others. In the duration of 8 weeks, I examine various Mutual neckcloth Schemes of trustfulness & have Ended Fund like Equity Fund.In rate to comp atomic number 18 the system of ruless of Reliance Mutual Fund & Others, I collected weekly net addition set of Reliance Mutual Fund Schemes & Open Ended Fund Schemes for the period of 2007 to 2012. I comp ar dodgings by calculating bump & return thitherby to measure the performan ce of variant schemes of Reliance Mutual Fund & Open Ended Fund in equity schemes. In the Equity Fund Schemes, the years from 2009, 2010 & 2012 Reliance Mutual Fund is soundly performing among others. Ch. No. Topic Page No. 1. Introduction al virtually Company Profile About Topic About Reliance Mutual Fund 2. look methodology 3. Data Analysis and Interpretation 4. Findings 5. Conclusions 6. Recommendations 7. sources Bibliography CHAPTER 1 picIntroduction pic COMPANY PROFILE existence OF INDIA INFO LINE PVT. LTD. great deal OF THE COMPANY Vision is to be the most respected company in the pecuniary serve space. INTRODUCTION 5 paisa is the trade name of the India Infoline Securities secluded limited, a wholly own subsidiary of India Infoline ltd. paisa holds membership of twain the leading(a) melody exchange of India viz. the Bombay pack exchange (BSE) and National Stock step in and is in like manner a D epository Participant with NSDL and CDSL. It has tied up with the leading banks for funds transfer facilities Viz. metropolis Bank, Centurion Bank, ICICI Bank and UTI bank the group has a membership of a Multi Commodities fill in (MCX), National Commodities and Derivative Exchange of India (NCDEX) and the Dubai Gold and Commodities Exchange (DGCX). India Infoline Ltd was founded in 1995 by a group of professionals with impeccable educational qualification and professional credentials. India Infoline is listed on BSE and NSE with a market uppercaseization of everyplace $ 150 million. The India Infoline group, comprising the holding company, the India Infoline Ltd. And its wholly owned subsidiaries offers the entire gamut of enthronement products ranging from Equities and insurance policy ,Fixed deposits ,GOI bonds , Loan products and other small saving instruments. It also owns and operates web sites, www. indiainfoline. om and www. 5paisa. com. India Infoline is a for erunner in the field of equity inquiry. India Infolines look into is ac intimacyd by none other than Forbes as The best of the web and a must read for investor in Asia. India Infolines investigate is functional not just all everywhere the internet but also on international wire services like Bloomberg (code ILL), Thomson first call and internet securities where it is amongst the most read Indian brokers. The India Infoline group has a logical implication presence across the country with over 500 branches in over 300 cities across India. either these offices atomic number 18 networked and connected with the corporate office in Mumbai. The group has invested significantly in technology and research, the result of which are there for everyone to see. The 5 paisa trading interface is one of the most advanced platforms available to retail investor in India. The group has membership on BSE and NSE for equities trading. It has a SEBI attest for Portfolio concern under whic h, various schemes are offered, which meet been continentally beating the benchmark indices since inception. THE INDIA INFOLINE LTD. India Infoline Ltd, being a listed entity, is regulated by SEBI (Securities and Exchange Board of India). It undertakes equities research which is acknowledged by none other than Forbes as Best of the web must read for investors in Asia. Its various subsidiaries are in different lines of barter and hence are governed by different regulators. The subsidiaries of India Infoline Ltd are India Infoline Securities Private Ltd. India Infoline Securities Pvt. Ltd. is a 100% subsidiary of India Infoline Ltd, which is engaged in the businesses of Equities broking and Portfolio Management Services. It holds memberships of twain the leading stock exchanges of India viz. the Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE). It offers broking services in the Cash and Derivatives segments of the NSE as well as the Cash segment of the B SE. India Infoline Commodities Private Ltd. India Infoline Commodities Pvt.Ltd is a 100% subsidiary of India Infoline Ltd, which is engaged in the business of commodities broking. Our experience in securities broking empowered us with the requisite skills and technologies to allow us offer commodities broking as a contra- Cyclical alternative to equities broking. We enjoy memberships with the MCX and NCDEX, two leading Indian commodities exchanges, and recently acquired membership of DGCX. We have a multi-channel delivery representative, making it among the select few to online as well as offline trading facilities. India Infoline dissemination Co. Ltd. India Infoline. com Distribution Co Ltd is a 100% subsidiary of India Infoline Ltd. and is engaged in the business of distribution of Mutual Funds, initial public offerings, Fixed Deposits and other small savings products. It is one of the largest vendor-in myrmecophilous distribution ho occasions and has a enormous pan- India footprint of over 232 branches coupled with a huge number of feet-on-street, which helps source and service customers across the length and breadth of India.Its ridiculous value proposition of free doorstep expert advice coupled with free pick-up and delivery of cheques has been met with an enthusiastic retort from customers and fund houses alike. Our business has expanded to accommodate the online distribution of coarse funds, wherein users can view and compare different product offerings and download application forms which they can later submit to the product deliver the goodsr. India Infoline redress Services Ltd. India Infoline Insurance Services Ltd is also a 100% subsidiary of India Infoline Ltd and is a registered Corporate Agent with the Insurance regulatory and Development Authority (IRDA). It is the largest Corporate Agent for ICICI Prudential disembodied spirit Insurance Co Ltd, which is Indias largest private action Insurance Company. India Infoline Investment Services Ltd. India Infoline Investment Service Ltd is also a 100% subsidiary of India Infoline Ltd. It has an NBFC license from the Reserve Bank of India (RBI) and offers margin-funding facility to the broking customers. India Infoline Insurance Broker Ltd. India Infoline Insurance Brokers Ltd. is a 100% subsidiary of India Infoline Ltd and is a newly formed subsidiary which pass on carry out the business of Insurance broking. We have use to IRDA for the insurance broking license and the clearance for the corresponding is awaited. OPERATIONS This is where the 5paisa subsidiary of the India Infoline group, comes in. They operate their functions through their domain knowledge and database on in depth research of complex paradigms of commodity kinetics, offers their customers a unique insight into behavioural patterns of these markets. Their customers are ideally positioned to make informed investment decisions with a high probab ility of success India Infoline commodities private ltd. offers the investors the opportunity to participate in this market by facilitating trading in commodities futures.They are the members of Multi commodity Exchange of India (MCX) and National Commodity Exchange of India (NCDEX). Their main function is to provide the investor with the complete range of commodities for trading, in both the morning as well as evening sessions. Trading can be online, over the call or at their branches. senior high schoolly qualified, well trained relationship managers are available at their investor points across the country, to help the investor make the best of commodities trading Besides all the above functions, they also leverage their skills in research, investments in cutting edge technology and understanding of investors requirements to ensure that their demand are taken care of.Thus, they perform the function of adding value to the investors money. HISTORY & MILESTONES Year 2011 Launched IIFL Mutual Fund. 2010 Received in-principle applause for membership of the Singapore Stock Exchange Received membership of the Colombo Stock Exchange. 2009 Acquired registration for lodging Finance SEBI in-principle approval for Mutual Fund Obtained Venture roofital license 2008 Launched IIFL Wealth Transitioned to insurance broking model 2007 Commenced institutional equities business under IIFL Formed Singapore subsidiary, IIFL (Asia) Pte Ltd 2006 Acquired membership of DGCX Commenced the lending business 2005 Maiden initial offering and listed on NSE, BSE 2004 Acquired commodities broking license Launched Portfolio Management Service 2003 Launched proprietary trading platform Trader rod for retail customers 2000 Launched online trading through www. 5paisa. com Started distribution of life insurance and mutual fund 1999 Launched www. indiainfoline. om 1997 Launched research products of leadin g Indian companies, key sectors and the economy Client included leading FIIs, banks and companies. 1995 Commenced operations as an Equity Research firm PRODUCT & SERVICES Equities our core offering, gives us a leading market contend in both retail and institutional segments.Over a million retail customers rely on our research, as do leading FIIs and MFs that invest billions. IIFL has rapidly emerged as one of the premier institutional equities houses in India with a squad of over 25 research analysts, a full-fledged sales and trading team coupled with an go through investment banking team. Private Wealth Management services cater to over 2500 families who have trusted us with close to Rs 25,000 crores ($ 5bn) of assets for advice. Investment Banking services are for corporates tone to raise nifty. Our forte is Equity Capital Markets, where we have executed several marquee transactions. IIFLs investment banking division was launched in 2006.The business leverages up on its strength of research and placement capabilities of the institutional and retail sales teams. Our experienced investment banking team possesses the skill-set to manage all kinds of investment banking transactions. Our close interaction with investors as well as corporates helps us understand and offer tailor-made solutions to fulfill requirements. IIFL Mutual Fund made an impressive beginning in FY12, with lowest charge Nifty ETF. Other products include Fixed Maturity Plans. Credit & Finance focuses on secured mortgages and consumer loans. Our high quality loan give-and-take of over Rs. 6,200 crores ($ 1. 2bn) is backed by strong capital adequacy of approximately 20%. IIFL offers a wide array of secured loan products. Currently, secured loans (mortgage loans, margin funding, loans against shares) comprise 94% of the loan book. The Company has discontinued its unsecured products. It has cast-iron credit processes and collections mechanism resulting in overall NPAs of less than 1%.The Company has deployed proprietary loan-processing software to enable stringent credit checks while ensuring fast application processing. Recently the company has also launched Loans against Gold. Life Insurance, aid and other Financial Products, on str etc. out architecture complete our product suite to help customers nominate a balanced portfolio. IIFL entered the insurance distribution business in 2000 as ICICI Prudential Life Insurance Co. Ltds corporate agent. Later, it became an Insurance broker in October 2008 in line with its strategy to have an open architecture model. The Company now distributes products of major insurance companies through its subsidiary India Infoline Insurance Brokers Ltd.Customers can assume from a wide bouquet of products from several insurance companies including Max New York Life Insurance, MetLife, Reliance Life Insurance, Bajaj Allianz Life, Birla Sunlife, Life Insurance Corporation, Kotak Life Insurance and others. Commodities IIFL offers commodities trading to its customers vide its membership of the MCX and the NCDEX. Our domain knowledge and data based on in depth research of complex paradigms of commodity kinetics, offers our customers a unique insight into behavioral patterns of these markets. Our customers are ideally positioned to make informed investment decisions with a high probability of success. IIFL (India Info row Ltd) Corporate Structure pic pic ABOUT THE TOPIC COMPARISON OF RELIANCE MUTUAL FUND WITH OTHERS What are Mutual Funds? A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such(prenominal)(prenominal) as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized are shared out by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fu nd is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.The flow chart infra describes broadly the working of a mutual fund pic Mutual Fund Operation Flow chart ORGANIZATION OF A MUTUAL FUND There are many entities come to and the diagram infra illustrates the organizational set up of a mutual fund pic Organization of a Mutual Fund ADVANTAGES OF MUTUAL FUNDS The advantages of investing in a Mutual Fund are Professional Management Diversification Convenient Administration harvest-festivalPotential Low Costs Liquidity Transparency Flexibility Choice of schemes value benefits Well regulated TYPES OF MUTUAL FUND SCHEMES Wide varieties of Mutual Fund Schemes exist to cater to the needs such as financial position, try tolerance and return expectations etc. The table below gives an overview into the be types of schemes in the Industry. TYPES OF MUTUAL FUND SCHEMES BY STRUCTURE Open Ended Schemes Close Ended Schemes breakup Schemes BY INVESTMENT OBJECTIVE Growth Schemes Income Schemes match Schemes Money Market Schemes OTHER SCHEMES Tax economic system Schemes Special Schemes Index Schemes Sector Specific Schemes FREQUENTLY USED TERMS Net Asset observe (NAV) Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date. Sale cost Is the price you pay when you invest in a scheme? Also called Offer Price. It whitethorn include a sales load. Repurchase Price Is the price at which units under open-ended schemes are repurchased by the Mutual Fund? Such prices are NAV r exultant. Redemption Price Is the price at which close-ended schemes redeem their units on maturity. Such p rices are NAV related. Sales Load Is a charge collected by a scheme when it sells the units?Also called, Front-end load. Schemes that do not charge a load are called No Load schemes. High Risk, High Return Many investors purchase a particular stock with the intention of making a big profit over a short period of time. However, this action is not investing, but a pure gambling. The reason for this is that you are never guaranteed that you will get the high returns you hope for over such a short period of time.There whitethorn be times in which stocks have put a record on short-term egress, but these occurrences are very rare. On bonny stocks have returned from 10% to 12%. However, this doesnt mean that all stocks return at these rates. The stock market is characterized by the trade-off between adventure and return. The higher the essay the investor is willing and able to take, the higher the potential rewards from the investment. Therefore, if a particular inve stment offers you high returns, it is an singularity that it will come with a high assay burden. As part of the woof process, you should determine the risk level of the stock as well as your risk tolerance. If you are looking for high returns you should be able to meet high potential losses as well.Many investors prefer unexampled technology-oriented companies over blue chip companies, because the first provide higher returns than the latter. However, the latter provides its shareholders with regular dividends to compensate for the scummy growth. So, the next time you are offered a stock that is expected to triple in value over a short time period, think carefully whether to invest in it, because the chances of it failing to reach this level of return is extremely high. Risk Return (finance) the financial term for profit or loss derived from an investment. Return is the benefit distributed to the owner. A person making an investment expects to get some return from the investme nt in the future. But as the future is uncertain, so is the future expected return.It is the uncertainty associated with the returns from an investment that introduces risk in to an investment. type Deviation For the more(prenominal) technically-minded, Standard Deviation is the basic statistical measure of the dispersion of a population of data observations around a mean. In trading language its an indication of price fluctuation it measures how far the closing price is from the average closing price over a set period. The greater the difference between the closing prices and the average price, the higher the standard refraction will be. The closer the closing prices are to the average price, the lower the standard aberrancy . he relative rate at which the price of earnest moves up and down. Risk is found by calculating the annualized standard deviation or daily changes in the price. Risk = standard deviation of closing price for n periods / average closing price for n period s pic The variance and standard deviation measure the extent of divergence of contingent returns from the expected return. Several other measures such as a range, semi-variance and mean absolute deviation have been used to express measure risk but standard deviation has been the most popularly true measure. The standard deviation or variance however provides a measurement of total risk associated with hostage.Total risk comprises of two components namely systematic risk and unsystematic risk. Variance The variance of a random inconstant is a measure of its statistical dispersion, indicating how far from the expected value the variance is the average of squared deviation about the arithmetic mean for a set of numbers It describes how far values lie from the mean. In particular, the variance is one of the moments of a distribution. pic Risk and genus Beta As far as an investor is concerned, the systematic risk is no very important as it can be reduced or eliminated through diver sification. It is an moot risk. The risk that is relevant in decision making is the systematic risk because it is undiversifiable.Hence the investor seeks to measure the systematic risk of security. Systematic risk is the variableness in security returns caused by changes in the economy or the market. All securities are bear upon by such changes to some extent, but some securities exhibit greater variability in response to market changes. Such securities are said to have higher systematic risk. A higher variability would indicate higher systematic risk and vice versa. The systematic risk of security is measured by a statistical measure called Beta the input data required for the figuring for of import are the historical data of returns of the individual security as well as the returns of a representative stock market index.For the calculation of of import, the return of individual security is taken as dependent variable, and the return of the market index is taken as the indep endent variable. Beta is a score that measures a market stock volatility or risk against the rest of the market. It is calculating using regression analysis. The Beta of an asset, ? , is a measure of the variability of that asset relative to the variability of the market as a hale . Beta is an index of the systematic risk of an asset. Risk also implies return. Stocks with a high beta should have a higher return than the market. If you are accepting more risk you should accept more reward as beta measures the Risk of a securities return relative to the market the larger the beta, the security is more risky. A beta of 1. indicates a security of average risk a stock with beta greater than 1. 0 has above average risk. Its returns would be more risky than the market returns. A stock with less than 1. 0 would have below average risk. A security can have betas that are positive, cast out or zero. It is a historical measure of systematic risk of systematic risk. In using this beta for in vestment decision making, the investor is assuming that the relationship between the security variability and market variability will continue to remain the same in future also. Investor can find the best use of beta ratio in short term decision making, where price volatility is important. Beta shows sensitiveness of Stock market with that of index. If positive than moves with market. And if beta is negative it has inverse relationship. correlation The correlation is one of the most useful statistics. A correlation is single number that describes degree of relationship between two variables. correlational statistics is a statistical technique that can show weather that how strongly pairs of variables are related. For example upside and weight are related taller people tend to be heavier than shorter people. The relationship isnt perfect. People of the same height vary in weight and you can think of two people. You know where the shorter one is heavier than the other taller one. correlational statistics can tell you just how much of the variation in peoples weight is elated to their heights. Compute the correlation value, the formula for correlation are pic Covariance Intuitively, covariance is the measure of how much two variables vary together. That is to say, the covariance becomes more positive for each pair of values which differ from their mean in the same direction, and becomes more negative with each pair of values which differ from their mean in opposite directions. In this way, the more a great deal they differ in the same direction, the more positive the covariance, and the more often they differ in opposite directions, the more negative the covariance.The covariance between two real-valued random variables X and Y, with expected values E(X) = ? and E(Y) = ? is defined as pic pic About Reliance Mutual Fund Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the Set tler/Sponsor and Reliance Capital Trustee Co. Limited (RCTCL), as the Trustee. RMF has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. The name of Reliance Capital Mutual Fund was changed to Reliance Mutual Fund effective 11th March 2004 vide SEBIs letter no. IMD/PSP/4958/2004 date 11th March 2004.Reliance Mutual Fund was formed to launch various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities. The main objectives of the Reliance Mutual Fund are To carry on the activity of a Mutual Fund as whitethorn be permitted at law and formulate and devise various collective Schemes of savings and investments for people in India and abroad and also ensure liquidity of investments for the Unit holders To deploy Funds thus raised so as to help the Unit holders earn reasonable ret urns on their savings and To take such steps as may be necessary from time to time to realise the effects without any limitation.Our Schemes Equity The aim of growth funds is to provide capital appreciation over the medium to long- term. Such schemes normally invest a major part of their corpus in equities. Such funds have comparatively high risks. These schemes provide different options to the investors like dividend option, capital appreciation, etc. and the investors may choose an option depending on their preferences. The investors must indicate the option in the application form. The mutual funds also allow the investors to change the options at a later date. Growth schemes are good for investors having a long-term outlook seeking appreciation over a period of time. Diversified Large Cap Diversified Theme Based Diversified Multi Cap Sector Diversified Mid Cap & Small Cap Tax Saver Index trade Banking Balanced DebtThe aim of income funds is to provide regular and steady income to investors. Such schemes generally invest in fixed income securities such as bonds, corporate debentures, Government securities and money market instruments. Such funds are less risky compared to equity schemes. These funds are not affected because of fluctuations in equity markets. However, opportunities of capital appreciation are also limited in such funds. The NAVs of such funds are affected because of change in interest rates in the country. If the interest rates fall, NAVs of such funds are likely to increase in the short run and vice versa. However, long term investors may not bother about these fluctuations. Ultra Short status Money Market Funds (Liquid Funds) Short Term Funds Long Term Funds Monthly Income Plans Gold Gold is seen as a type of security and a sign of prosperity. Indian consumers consider gold jewellery as an investment and are well aware of golds benefits as a store of value. Gold is also know as a form of money in India, a tradable liquid a sset. It is one of the foundation assets for Indian households and a means to accumulate wealth from a long term perspective. Gold investment has been in the culture of Indian tradition and has been on rise amongst the modern investors as well due to the financial uncertainty and inflationary pressures. Gold Exchange Traded Fund Gold Savings Fund picChapter 2 research methodology RESEARCH METHODOLOGY Problem Statement Comparison of Reliance Mutual Fund with others. eye socket of Study The scope of the project is mainly concentrated on the different categories of the mutual funds such as equity schemes, debt funds, balanced funds and equity linked savings schemes etc. Research Objectives primitive Objective To know the best scheme of Mutual Fund by different parameters. Secondary Objectives taking into custody the attitude & behavior of the distributors towards Reliance Mutual Fund (RMF). Understanding the competition for the schemes provided by different Mutual Funds Compan y. Finding out ways & means to improve on the services by RMF. To measure out investment performance of selected mutual funds in terms of risk and return. Also to analyze the performance of mutual fund schemes on the basis of various parameters. Importance of The Study This study provides the good comparability to Reliance Mutual Fund for improving in their services and takes a sound decision regarding it. Reference Period Reference period is 1st January 2007 to 30th December 2012. Research Design I have selected Descriptive Research Design. Data Collection Collect data with the help of distributor (INDIA INFOLINE) and Internet.Sample Size 5 schemes of Reliance Mutual Fund & 5 schemes of Open Ended Funds. Plan for Data Analysis By stepwise like Checking Editing Tabulating through Table, Charts & Graphs. LIMITATION OF STUDY Data is collected from secondary sources which may not be as reliable as primary data so sometimes it may be lead wrong prediction about future. Data gi ving a prediction of market condition but other factors also affect to it so perfect suggestion may not be predicted. DIRECTION FOR FURTHER RESEARCH The study is held for direct Company and research department head. picChapter 3 Data Analysis & Interpretations DATA INTERPRETATIONThe study is based on the weekly scheme returns of Mutual Fund as well as the weekly return of NIFTY INDEX. The series of scheme returns computed from weekly scheme prices of the nifty index for the period of 5 years from 1st Jan 2007 to 31st Dec 2012 and take clear 5 Open Ended Schemes to measure risk and return. Risk is measured by standard deviation, beta, etc. Performance of Reliance Banking Fund & Other pic Funds call down Beta Standard Deviation Correlation Covariance Return ICICI Prudential discovery Fund- 1. 03% 4. 7% 0. 86 0. 0018 110. 8% Growth UTI Pharma & Health vex Fund- 0. 78% 4. 7% 0. 65 0. 0014 98. 41% Growth TATA Balanced Fund- Growth 0. 77% 3. 9% 0. 93 0. 0014 82. 92% ICICI Prudential Discovery 1. 03% 4. 7% 0. 86 0. 0018 110. 8% Fund- Growth UTI Pharma & Health wish well Fund- 0. 78% 4. 7% 0. 65 0. 0014 98. 41% Growth TATA Balanced Fund- Growth 0. 77% 3. 9% 0. 93 0. 0014 82. 92% ICICI Prudential Discovery Fund- 1. 03% 4. 7% 0. 86 0. 0018 110. 8% Growth UTI Pharma & Health business concern Fund- 0. 78% 4. 7% 0. 65 0. 0014 98. 41% Growth TATA Balanced Fund- Growth 0. 77% 3. 9% 0. 93 0. 0014 82. 92% ICICI Prudential Discovery Fund-1. 03% 4. 7% 0. 6 0. 0018 110. 78% Growth UTI Pharma & Health criminal maintenance Fund- 0. 78% 4. 7% 0. 65 0. 0014 98. 41% Growth TATA Balanced Fund- Growth 0. 77% 3. 9% 0. 93 0. 0014 82. 2% ICICI Prudential Discovery Fund-1. 03% 4. 7% 0. 86 0. 0018 110. 78% Growth UTI Pharma & Health anxiety Fund- 0. 78% 4. 7% 0. 65 0. 0014 98. 41% Growth TATA Balanced Fund- Growth 0. 7% ICICI Prudential Discovery Fund- Growth 1. 03% Reliance Banking Fund- Growth 0. 98% Re liance Diversified reason Sector Fund- Growth 0. 90% Reliance Equity Opportunities Fund- Growth 0. 86% UTI Pharma & Health Care Fund- Growth 0. 78% Standard Deviation Here, are the top 5 schemes that has moderate & low deviation which is somewhat good. Funds Name Standard Deviation Reliance MIP (Monthly Income Plan) Fund- Growth 3. 10% Reliance Pharma Fund- Growth 3. 30% Reliance Equity Opportunities Fund- Growth 3. 50% SBI Magnum Balanced Fund- Growth 3. 80% TATA Balanced Fund- Growth 3. 90% CorrelationHere, are the top 5 schemes whose Correlation is High & Highly Moderate. Funds Name Correlation SBI Magnum Balanced Fund- Growth 0. 95 TATA Balanced Fund- Growth 0. 93 Reliance Equity Opportunities Fund- Growth 0. 92 Reliance Diversified Power Sector Fund- Growth 0. 91 ICICI Prudential Discovery Fund- Growth 0. 6 Covariance Here, are top 5 schemes who has moderate to low variation compared to others. Funds Name Covariance Reliance MIP (Monthly Income Plan) Fund- Gro wth 0. 0004 Reliance Pharma Fund- Growth 0. 0008 Reliance Equity Opportunities Fund- Growth 0. 0011 ICICI Prudential FMCG Fund- Growth 0. 012 SBI Magnum Balanced Fund- Growth 0. 0013 pic Chapter 5 Conclusions Conclusion Every investor wants to maximize his returns at the lowest possible risk or he tries to smirch his risk keeping his returns equivalent, both gives him higher profits. In evaluating mutual funds, investors usually consider only the knightly returns generated by the fund without considering the risk associated with it. From the project, I conclude that, After analysis of all the schemes of reliance mutual fund & open ended funds, there are 5 schemes that as high risk involved but there is also high return accumulated with it. These schemes are Reliance Banking Fund,Reliance Diversified Power Sector Fund, Reliance Equity Opportunities Fund, ICICI Prudential Discovery Fund & UTI Pharma & Health Care Fund. possibleness says that risk and return go hand in hand. And we can see that in these 5 schemes. Considering all the factors, the best scheme is Reliance Pharma Fund & Reliance MIP (Monthly Income Plan) Fund compare to all other schemes. pic CHAPTER Recommendation After analyze the Risk and Return of all the schemes of Reliance Mutual Fund & Open Ended Funds, I recommend that the Reliance Pharma Fund & Reliance MIP (Monthly Income Plan) Fund for the low risk takers and Reliance Banking Fund & ICICI Prudential Discovery Fund for the high risk takers.These schemes gives the highest return but there is also high risk compare to other schemes included in Reliance Mutual Fund & Open Ended Funds. Those people invest in this schemes who believes that High Risk, High Gain. I also recommend that the SBI Magnum Balanced Fund and TATA Balanced Fund schemes are providing less return & having high risk so there is highest risk to invest in these two schemes. pic Chapter 7 Bibliography ? www. mutualfundsindia. com/rankfund. rpt. asp ? http//www. personalfn. com/tools-and-resources/mutual-funds/nav-history. aspx ? http//www. indiainfoline. com/Aboutus/ ? http//www. reliancemutual. com/NAV/NAVDownload. aspx pic DECLARATION identification EXECUTIVE SUMMARY TABLE OF CONTENTS