A STUDY ON MUTUAL FUNDS PERFORMANCE OFFERED BY

BANKING COMPANIES IN INDIA

DISSERTATION SUBMITTED TO GOVERNMENT COLLEGE, JIND

FOR AWARD OF THE DEGREE OF

MASTERS OF COMMERCE

SUPERVISED BY: SUBMITTED BY:

DR. GORAV BANSAL VANSHIKA JINDAL

ASSISTANT PROFESSOR RESEARCH SCHOLAR

DEPARTMENT OF COMMERCE UNIVERSITY ROLL NO:7733492

COLLEGE ROLL NO:221068168012

DEPARTMENT OF COMMERCE

GOVERNMENT COLLEGE, JIND

JIND-126102 (HARYANA) INDIA

FEB 2023
 DECLARATION

I, Vanshika Jindal hereby declare that the dissertation entitled “A STUDY ON MUTUAL
FUNDS PERFORMANCE OFFERED BY BANKING COMPANIES IN INDIA” submitted
to Government college, Jind in partial fulfilment of the requirement for award of the Degree of
Masters of Commerce is a record of original and independent work done by me under the
guidance and supervision of Dr. Gorav Bansal, Assistant Professor, Department of Commerce,
Government College, Jind.

I also declare that the material embodied in this dissertation has not been submitted in part or fully
for any other diploma, degree, associate-ship, fellowship or other similar title under any university
or board.

Signature of the Candidate

Vanshika Jindal

University Roll no: 7733492

College Roll no: 221068168012

Place: Jind

Date:
 CERTIFICATE OF THE SUPERVISOR

This is to certify that the dissertation entitled “A STUDY ON MUTUAL FUNDS

PERFORMANCE OFFERED BY BANKING COMPANIES IN INDIA” is a piece of
research work done by Ms. Vanshika Jindal under my guidance and supervision for award of
Degree of Masters of Commerce through Government College, Jind.

To the best of my knowledge and belief the dissertation:

i. Embodies the work of the candidate himself;

ii. Has duly been completed;
iii. Is up to the standard both in respect of Contents and language for being referred to the
examiner.
iv. Contents of the dissertation do not form the basis for the award of any other degree/
diploma or similar title to the candidate or to anybody else from this or any other
University/Institution.

Signature of Supervisor

Dr. Gorav Bansal

Assistant Professor

Department of Commerce

Forwarded by:

Countersigned by

Head

Department of Commerce

Place: Jind

Date:
 ACKNOWLEDGEMENT

It is a genuine pleasure to express my deep sense of thanks and gratitude to my mentor,

philosopher and guide Dr. Gorav Bansal , Assistant Professor in the Department of commerce,
Government College, Jind. His dedication and keen interest above all her overwhelming attitude
to help his students had been solely and mainly responsible for completing my work. His timely
advice, meticulous scrutiny, scholarly advice and scientific approach have helped me to a very
great extent to accomplish this task.

I owe a deep sense of gratitude to Sh. Munish , Head, Department of Commerce ,

Government College, Jind for his keen interest on me at every stage of my research. His prompt
inspirations, timely suggestion with kindness, enthusiasm and dynamism have enabled me to
complete my dissertation.

I thank profusely all the Staff Members of Government College, Jind for their kind help
and co-operation throughout my study period.

I consider it an honour to work with my classmates for the memories we had shared and
the teamwork in every task and activities were in, we have never failed to cooperate with one
another especially in tough and bad times, I also thank you.

Last but not the least, I am extremely thankful to my Father, Sh. Tilak Raj Jindal and
Mother, Smt. Kiran for giving their unconditional love, strength, understanding, prayers and
continous support to complete this research work. I got so much more from the both of you than
what I asked for.

Above all, I bow down to The Almighty God for granting me the wisdom, health and strength to
undertake this research work even at the later stage of my academic life and enabling me to its
completion.
 TABLE OF CONTENT

Sr. No. PARTICULARS Page No.

1 Declaration from Research scholar i
2 Supervisor’s Certificate ii
3 Acknowledgement iii
4 Table of Content iv-vi
5 List of Tables Vii-viii
6 List of photographs/figures ix-x
7 CHAPTER – 1 INTRODUCTION
1.1 Overview 1
1.2 History 1-3
1.3 Net asset value 3-5
1.3.1 Computation of NAV 4-5
1.4 Mutual fund scheme classification 5-6
1.4.1 Classification by organization structure 5
1.4.2 Classification by portfolio management 5
1.4.3 Classification by investment objective 6
1.4.4 Classification by underlying portfolio composition 6
1.5 Tax benefits of mutual funds 6
1.6 Banking company 7
1.7 Banking company in India 7-8
1.7.1 Legal regulations 7
1.7.2 Licensing of banking company 8
1.8 Banking company offering mutual funds in India 9-25
1.8.1 Axis asset management company ltd. 9-10
1.8.2 Baroda asset management India ltd. 10-11
1.8.3 BOI AXA investment managers private ltd. 11-12
1.8.4 Canara robecco asset management company ltd. 12-13
1.8.5 HDFC asset management company ltd. 13-15
 1.8.6 ICICI prudential asset management company ltd. 15-18
1.8.7 IDBI asset management ltd. 18-19
1.8.8 IDFC asset management company ltd. 19-21
1.8.9 Kotak Mahindra asset management company ltd. 21-23

1.8.10 SBI funds management private ltd. 23-25

8 CHAPTER – 2 LITERATURE REVIEW 26-29
9 CHAPTER – 3 RESEARCH METHODOLOGY 30-32
3.1 Methodology 31
3.2 Research Design 31
3.3 Data Collection Method 31
3.3.1 Data Sources 31
3.3.2 Tools & Techniques 31
3.4 Sample of the study 31
3.5 Name of the Entities 31
3.6 Objectives 32
3.7 Scope of the study 32

10 CHAPTER-4DATA ANALYSIS AND 33-66

INTERPRETATION
4.1 Objective:1 34-42

4.1.1 Comparing the net asset value of SBI mutual fund 34-36
scheme and ICICI mutual fund scheme
4.1.2 Comparing the benchmark and performance of ICICI 37-39
prudential mutual fund scheme
4.1.3 Comparing the benchmark and performance of SBI 40-42
mutual fund scheme
4.2 Objective:2 43-53
4.2.1 Sharpe ratio 43-44
4.2.2 Treynor ratio 44
4.2.3 Jensen ratio 45
 4.2.4 Beta 46

4.2.5 Standard deviation 47-48

4.2.6 Comparing the risk of mutual fund scheme by SBI and 49-50
ICICI on the basis of return of 3 years
4.2.7 Comparison of return given by each scheme of SBI and 51-53
ICICI
4.3 OBJECTIVE:3 54-68
4.3.1 Magnitude of SBI mutual fund scheme and ICICI 54
prudential mutual fund scheme
4.3.2 Dimensions of ICICI prudential mutual fund scheme 55-60
4.3.3 Dimensions of SBI mutual fund scheme 61-66
11 CHAPTER–5 CONCLUSIONS 67-69
12 REFERENCES 70-71
 LIST OF TABLES

Table No. Particulars Page No.

Table No 1 NAV of SBI mutual fund scheme and ICICI 34
prudential mutual fund scheme
Table No 2 Benchmark and performance of ICICI prudential 37
blue chip growth fund
Table No 3 Benchmark and performance of ICICI prudential 38
small cap growth fund
Table No 4 Benchmark and performance of ICICI prudential 39
liquid growth fund
Table No 5 Benchmark and performance of SBI blue chip 40
growth fund
Table No 6 Benchmark and performance of SBI small cap 41
growth fund
Table No 7 Benchmark and performance of SBI liquid growth 42
fund
Table No 8 Risk of SBI blue chip growth fund and ICICI 49
prudential blue chip growth fund
Table No 9 Risk of SBI small cap growth fund and ICICI 49
prudential small cap growth fund
Table No 10 Risk of SBI liquid growth fund and ICICI prudential 50
liquid growth fund
Table No 11 Return given by blue chip growth fund as on 30 Nov 51
Table No 12 Return given by small cap growth fund as on 30 52
Nov
Table No 13 Return given by liquid growth fund as on 30 Nov 53
Table No 14 Magnitude of SBI mutual fund scheme and ICICI 54
prudential mutual fund scheme
Table No 15 Asset allocation of ICICI prudential blue chip 55
growth fund
Table No 16 Sector allocation of ICICI prudential blue chip 55
growth fund
Table No 17 Asset allocation of ICICI prudential small cap 57
growth fund
Table No 18 Sector allocation of ICICI prudential small cap 57
growth fund
Table No 19 Security allocation of ICICI prudential liquid 59
growth fund
Table No 20 Holding allocation of ICICI prudential liquid growth 59
fund
Table No 21 Asset allocation of SBI small cap growth fund 61
Table No 22 Sector allocation of SBI small cap growth fund 61
Table No 23 Asset allocation of SBI blue chip growth fund 63
Table No 24 Sector allocation of SBI blue chip growth fund 63
Table No 25 Security allocation of SBI liquid growth fund 65
Table No 26 Security allocation of SBI liquid growth fund 65
 LIST OF FIGURES

Particulars Page No.

Figure No 1 Comparing the blue chip growth fund as on 30 Nov 35
Figure No 2 Comparing the small cap growth fund as on 30 Nov 35
Figure No 3 Comparing the liquid growth fund as on 30 Nov 36
Figure No 4 Benchmark and return in percentage of ICICI prudential 37
blue chip growth fund
Figure No 5 Benchmark and return in percentage of ICICI prudential 38
small cap growth fund
Figure No 6 Benchmark and return in percentage of ICICI prudential 39
liquid growth fund
Figure No 7 Benchmark and return in percentage of SBI blue chip 40
growth fund
Figure No 8 Benchmark and return in percentage of SBI small cap 41
growth fund
Figure No 9 Benchmark and return in percentage of SBI liquid 42
growth fund
Figure No Return in percentage of blue chip growth fund 51
10
Figure No Return in percentage of small cap growth fund 52
11
Figure No Return in percentage of liquid growth fund 53
12
Figure No Asset allocation of ICICI prudential blue chip growth 55
13 fund
Figure No Sector allocation of ICICI prudential blue chip growth 56
14 fund
Figure No Asset allocation of ICICI prudential small cap growth 57
15 fund
Figure No Sector allocation of ICICI prudential small cap growth 58
16 fund
Figure No Security allocation of ICICI prudential liquid growth 59
17 fund
Figure No Holding allocation of ICICI prudential liquid growth 60
18 fund
Figure No Asset allocation of SBI small cap growth fund 61
19
Figure No Sector allocation of SBI small cap growth fund 62
20
Figure No Asset allocation of SBI blue chip growth fund 63
21
Figure No Sector allocation of SBI blue chip growth fund 64
22
Figure No Security allocation of SBI liquid growth fund 65
23
Figure No Security allocation of SBI liquid growth fund 66
24
 CHAPTER-1

INTRODUCTION