Performance of Mutual Funds

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PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

RESEARCH PROJECT
On

“PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA” Submitted in partial fulfillment of the requirement for MBA

Degree of Bangalore University
BY

JAI PRAKASH K C

Registration Number

04XQCM6034 Under the guidance of
DR T V N RAO

M.P.Birla Institute of Management Associate Bharatiya Vidya Bhavan Bangalore-560001 2004-2006

M P BIRLA INSTITUTE OF MANAGEMENT

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PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

DECLARATION

I hereby declare that the research project titled “PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA” is prepared under the guidance of Dr T V N Rao in partial fulfillment of MBA degree of Bangalore University, and is my original work. This project does not form a part of any report submitted for degree or diploma under Bangalore University or any other university.

Place: Bangalore Date:

JAI PRAKASH K C

M P BIRLA INSTITUTE OF MANAGEMENT

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PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

PRINCIPAL’S CERTIFICATE
This is to certify that Mr. Jai Prakash K C bearing Registration No: 04XQCM6034 has done a research project on “PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA” under the guidance of Dr T V N Rao M.P. Birla Institute of Management, Bangalore. This has not formed a basis for the award of any degree/diploma for any other university.

Place: Bangalore Date:

Dr.N.S.MALLAVALLI PRINCIPAL MPBIM, Bangalore

M P BIRLA INSTITUTE OF MANAGEMENT

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PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

GUIDE’S CERTIFICATE
I hereby declare that the research work embodied in this dissertation entitled “PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA” has been undertaken and completed by Mr. Jai Prakash K C under my guidance and supervision.

I also certify that he has fulfilled all the requirements under the covenant governing the submission of dissertation to the Bangalore University for the award of MBA Degree.

Place: Bangalore Date:

Dr T V N Rao Research Guide MPBIM, Bangalore

M P BIRLA INSTITUTE OF MANAGEMENT

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PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

ACKNOWLEDGEMENT

The successful accomplishment of any task is incomplete without acknowledging the contributing personalities who both assisted and inspired and lead us to visualize the things that turn them into successful stories for our successors.

First of all I thank the Almighty God for his grace bestowed on us throughout this project.

My special thanks to my project Guide Dr T V N Rao, who guided me with the timely advice and expertise and has helped remarkably to complete the project.

Last, but not the least, I would like to thank my Parents and all my Friends for their wholehearted direct and indirect support and encouragement.

M P BIRLA INSTITUTE OF MANAGEMENT

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PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

ABSTRACT
Financial system in a country plays a dominant role in assets formation and intermediation, and contributes substantially in macroeconomic development. In this process of development mutual funds have emerged as strong financial intermediaries and are playing a very important role in bringing stability to the financial system and efficiency to resource allocation.

Mutual funds play a crucial role in an economy by mobilizing savings and investing them in the capital market, thus establishing a link between savings and the capital market. The activities of mutual funds have both short-and long-term impact on the savings and capital markets, and the national economy.

The Indian Mutual fund Industry has witnessed a structural transformation during the past few years. Therefore it becomes important to examine the performance of the mutual fund in the changed environment. This research report has evaluate the

performance of Indian Mutual fund equity scheme by using monthly NAV returns of 10 equity Growth funds of 3 years past data from 1-1-2003 to...
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