Deepshikha Sinha Report Card

A
Summer Training Project Report

On
“A Comprehensive Study On Work life Balance”
Submitted for partial fulfillment of requirement for the award of

degree of
Master of business Administration

Of
Doranda college ,Ranchi
Session{2020-2022}
Supervision By: Submitted By:

Dr. Swati Minz Deepshikha sinha
Assistant Professor Roll no:-20MBA01044
Commerce and management MBA III Semester
Department
1|Page
DORANDA COLLEGE RANCHI, JHARKHAND
DECLARATION
I the undersigned solemnly declare that the report of the project work
entitled ( Work life balance) is based my own work carried out during
the course of my study under the supervision of ( Dr. Swati Minz ) .
I assert that the statements made and conclusions drawn are an outcome
of the project work. I further declare that to the based of my knowledge
and belief that the project report does not contain any part of any work
which has been submitted for the award of any other
degree/diploma/certificate in this university or other university.
Deepshikha sinha
Roll no:-20MBA01044
2|Page
CERTIFICATE BY SUPERVISOR
This to certify that the report of the project submitted is the outcome of
the project work entitled (Work Life Balance) carried out by
(Deepshikha sinha) bearing Roll no:-(75) and enrollment (registrtiuon)
Number :-20MBA01044 carried by under my guidance and supervision
for the award of degree in master of business administration of doranda
College ,Ranchi,Jharkhand.
To the based of the my knowledge the report

I. Embodies the work of the candidate him/herself.
II. Has duly been completed .
III. Fulfils the requirements of the ordinance relating to the MBA
degree of the university and
IV. Is up to the desire standard for the purpose of which is submitted.
(signature of supervisor) (signature of co-ordinator)
3|Page
ATTACHED SUMMER TRAINING CERTIFICATE
4|Page
CERTIFICATE BY GUIDE (INTERNAL FAULIY OF
UNIVERSITY)
This is certify that the report of the project submittted is the outcomes of
the project work entitled(Work Life Balance) carried out by (Deepshikha
sinha) bearing Roll no:-(75) enrollment no:-20MBA01044 Carried by
under guidance and supervision foe the award of degree in master of
business administration of Doranda College,Ranachi,Jharkhand.
To the best of the my knowledge
I. Embodies the work of the candidate him/herself.
II. Has duly been completed .
III. Fulfils the requirements of the ordinance relating to the MBA
degree of the university and
IV. Is up to the desire standard for the purpose of which is submitted.
Signature of the guide

Name: Dr Swati Minz
Assistant professor
Commerce and management
Department
Doranda college Ranchi,Jharkhand
5|Page
ACKNOWLEDGEMENGT
In successfully completing this project, many people have helped me. I

would like to thank all those who are related to this project.
Primarily, I would thank God for being able to complete this project
with success. Then I will thank my Principal (B.P.verma) and (Dr. swati
minz) teacher and Abhishek sir and priyanka mam under whose
guidance I learned a lot about this project. His suggestions and
directions have helped in the completion of this project.
Finally, I would like to thank my parents and friends who have helped
me with their valuable suggestions and guidance and have been very
helpful in various stages of project completion.
( Signature of the student)
Name:-Deepshikha Sinha
Roll no. 20MBA01044

MBA III Semester
6|Page
CONTENTS
Sr no. Title Page No.

1. Mutual fund 11-60
 Introduction 11
 History 11-13
 Types of mutual fund 13-17
 Types Of Mutual Funds By Company Size 17-21
 Types Of Mutual Fund By Structure 21-23
 Types of Mutual Fund Schemes: By 23-28

Investment Objective :
 Features Of Mutual Funds 28-33
33-34
 Drawbacks Of Mutual Fund
 Income Tax Benefit 34-36
 Regulates Mutual Fund In India 36-37
 Invest In Mutual Fund 37-43
 Modes Of Investment In Mutual Funds 43-44
7|Page
 products of mutual fund 44-56
 Category Of Mutual Fund 56-57
 Segment Of Mutual Fund 57-58
 Offer Document 58-59
 Nomination & Legal Heir 59-60
2. IDFC MUTUAL FUND 61-72

 Introduction 61
 Saving solutions – debt schemes 61-63

 Investment solution/schemes 63-64
 Retirement solutions/schemes 64-67
 Child planning solutions/schemes 68-69
 Tax saving solution/schemes/ELSS 69-72
3. Work Life Balance 72-89

 Meaning 72
 Importance Of WLB 73
 5 Steps To Improve WLB 74
8|Page
 Benefits Of WLB 74-75
 WLB Examples 75
 Important Of WLB 75-80

 Questionnaire On WLB 81-89
9|Page
INTRODUCTION
10 | P a g e
MUTUAL FUND0
A mutual fund is a professionally managed investment fund that pools money from many investors
to purchase securities. The term is typically used in the United States, Canada, and India, while
similar structures across the globe include the SICAV in Europe ('investment company with variable
capital') and open-ended investment company (OEIC) in the UK.
Mutual funds are often classified by their principal investments: money market funds, bond or fixed
income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds,
which are passively managed funds that track the performance of an index, such as a stock market
index or bond market index, or actively managed funds, which seek to outperform stock market
indices but generally charge higher fees. Primary structures of mutual funds are open-end
funds, closed-end funds, unit investment trusts.
Open-end funds are purchased from or sold to the issuer at the net asset value of each share as of
the close of the trading day in which the order was placed, as long as the order was placed within a
specified period before the close of trading. They can be traded directly with the issuer.
Mutual funds have advantages and disadvantages compared to direct investing in individual
securities. The advantages of mutual funds include economies of scale, diversification, liquidity, and
professional management. However, these come with mutual fund fees and expenses.
Mutual funds are regulated by governmental bodies and are required to publish information including
performance, comparison of performance to benchmarks, fees charged, and securities held. A single
mutual fund may have several share classes by which larger investors pay lower fees.
HISTORY
The first modern investment funds, the precursor of mutual funds, were established in the Dutch
Republic. In response to the Crisis of 1772, Amsterdam-based businessman Abraham (or Adriaan)
van Ketwich formed a trust named Eendragt Maakt Magt ("unity creates strength"). His aim was to
provide small investors with an opportunity to diversify. Mutual funds were introduced to the United
States in the 1890s. Early U.S. funds were generally closed-end funds with a fixed number of shares
that often traded at prices above the portfolio net asset value. The first open-end mutual fund with
redeemable shares was established on March 21, 1924, as the Massachusetts Investors Trust,
which still in existence today and managed by MFS Investment Management.
In the United States, closed-end funds remained more popular than open-end funds throughout the
1920s. In 1929, open-end funds accounted for only 5% of the industry's $27 billion in total assets.
11 | P a g e
After the Wall Street Crash of 1929, the United States Congress passed a series of acts regulating
the securities markets in general and mutual funds in particular.
 The Securities Act of 1933 requires that all investments sold to the public, including mutual
funds, be registered with the SEC and that they provide prospective investors with
a prospectus that discloses essential facts about the investment.
 The Securities and Exchange Act of 1934 requires that issuers of securities, including mutual
funds, report regularly to their investors. This act also created the Securities and Exchange
Commission, which is the principal regulator of mutual funds.
 The Revenue Act of 1936 established guidelines for the taxation of mutual funds. It allowed
mutual funds to be treated as a flow-through or pass-through entity, where income is passed
through to investors who are responsible for the tax on that income.
 The Investment Company Act of 1940 established rules specifically governing mutual funds.
These new regulations encouraged the development of open-end mutual funds (as opposed to
closed-end funds).
Growth in the U.S. mutual fund industry remained limited until the 1950s when confidence in the
stock market returned. In the 1960s, Fidelity Investments began marketing mutual funds to the
public, rather than only wealthier individuals or those working in the finance industry. The
introduction of money market funds in the high-interest rate environment of the late 1970s boosted
industry growth dramatically. The first retail index fund, First Index Investment Trust, was formed in
1976 by The Vanguard Group, headed by John Bogle; it is now called the "Vanguard 500 Index
Fund" and is one of the largest mutual funds.
Beginning the 1980s, the mutual fund industry began a period of growth. According to Robert
Pozen and Theresa Hamacher, growth was the result of three factors:
1. A bull market for both stocks and bonds,

2. New product introductions (including funds based on municipal bonds, various industry
sectors, international funds, and target date funds) and
3. Wider distribution of fund shares. Among the new distribution channels were retirement
plans. Mutual funds are now the a preferred investment option in certain types of retirement
plans, specifically in 401(k), other defined contribution plans and in individual retirement
accounts (IRAs), all of which surged in popularity in the 1980s.
The 2003 mutual fund scandal involved unequal treatment of fund shareholders whereby some fund
management companies allowed favored investors to engage in prohibited late trading or market
12 | P a g e
timing. The scandal was uncovered by former New York Attorney General Eliot Spitzer and led to an
increase in regulation.
In a 2007 study about German mutual funds, Johannes Gomolka and Ralf Jasny found statistical
evidence of illegal time zone arbitrage in trading of German mutual funds. Though reported to
regulators, BaFin never commented on these results.
TYPES OF MUTUAL FUND
There are four broad types of mutual funds: Equity (stocks), fixed-income (bonds), money
market funds (short-term debt), or both stocks and bonds (balanced or hybrid funds).
Mutual Fund
Money Balanced
Equity Funds Bond Funds
Market Funds Funds
Equity Funds
Equity mutual funds buy stocks of a collection of publicly traded companies.
Most mutual funds on the market (55%) are some type of equity fund,
13 | P a g e
according to the Investment Company Institute. Equity funds have a higher
potential for growth but more potential volatility in value. The younger you
are, the more your portfolio should include equity funds, financial planners
advise, as you have more time to weather inevitable ups and downs in market
value.
Equity mutual funds can be sliced and diced in several ways depending on the
goals of the fund:
I. Funds Based On Company Size
Some funds focus only on “large cap” or “small cap” companies, which refers
to the market capitalization, or value, of the companies:
 Large-cap fund: Companies with a market value of $10 billion or
greater.
 Mid-cap fund: Companies worth $2 billion to $10 billion.
 Small-cap fund: Companies worth $300 million to $2 billion.
II. Industry Or Sector Funds
These mutual funds focus on a particular industry, such as technology, oil and
gas, aviation or health care. For example, investors who want exposure to
gains by companies like Google and Apple could put money in a technology
fund. Ownership in different sector funds can help diversify your portfolio, so
if one industry is hit hard (like the bursting of the dot-com stock bubble in
2000), those losses can be offset by gains in other sectors.
III. Growth And Value Funds
The investment style of the fund is another mutual fund differentiator. Growth
funds, as the name suggests, seek stocks that fund managers believe will have
14 | P a g e
better than average returns. Value funds look for companies whose stock is
(you guessed it) undervalued by the market.
IV. International, Global And Emerging Market Funds
Geographic location can also determine how mutual funds are built.
International funds invest in companies doing business outside the U.S., while
global funds invest in companies doing business both in the U.S. and abroad.
Emerging market funds target countries with small but growing markets.
Bond Funds
Bond funds are the most common type of fixed-income mutual funds, where
(as the name suggests) investors are paid a fixed amount back on their initial
investment. Bond funds are the second most popular mutual fund type,
accounting for about one of every five funds on the market, according to the
ICI.
Rather than buy stocks, bond funds invest in government and corporate debt.
Considered a safer investment than stocks, bond funds have less potential for
growth than equity funds.
Just as advisors say equity funds favor the young, investors nearing retirement
should have more bond funds in their portfolio to protect their nest egg while
earning more interest than sitting that cash in a bank savings account.
15 | P a g e
Money Market Funds
Money market mutual funds are fixed-income mutual funds that invest in
high-quality, short-term debt from governments, banks or corporations.
Examples of assets held by these funds include U.S. Treasurys, certificates of
deposit and commercial paper. They are considered one of the safest
investments and make up 15% of the mutual fund market, according to the
ICI.
Balanced Funds
Also known as asset allocation funds, these investments are a combination of
equity and fixed-income funds with a fixed ratio of investments such as 60%
stocks and 40% bonds. The best-known variety of these funds are target-date
funds, which automatically reallocate the ratio of investments from equities to
bonds the closer you get to retirement.
Other Mutual Funds :
 Index Funds :
An index fund is a type of mutual fund whose holdings match or track a

particular market index, such as the S&P 500. Index funds have exploded in
popularity in recent years, thanks to the rise of passive investing strategy,
which, over time, typically earns better returns than an actively managed
approach. Like equity funds, index funds can vary by company size, sector and
location.
16 | P a g e
 Specialty Or Alternative Funds :
This catch-all category of funds includes hedge funds, managed futures,

commodities and real estate investment trusts. There is also growing investor
interest in corporate socially responsible mutual funds, which avoid investing
in controversial industries like tobacco or firearms and instead focus on
funding companies with strong environmental and labor practices.
Types Of Mutual Funds By Company Size :
Most funds have a particular strategy they focus on when investing. For
instance, some invest only in Blue Chip companies that are more established
and are relatively low risk. On the other hand, some focus on high-risk start up
companies that have the potential for double and triple digit growth. Finding
a mutual fund that fits your investment criteria and style is important.
Types Of Mutual Funds Are:
 Value stocks
Stocks from firms with relative low Price to Earning (P/E) Ratio, usually
pay good dividends. The investor is looking for income rather than
capital gains.
 Growth stock
17 | P a g e
Stocks from firms with higher low Price to Earning (P/E) Ratio, usually
pay small dividends. The investor is looking for capital gains rather than
income.
 Based on company size, large, mid, and small cap
Stocks from firms with various asset levels such as over $2 Billion for
large; in between $2 and $1 Billion for mid and below $1 Billion for
small.
 Income stock
The investor is looking for income which usually come from dividends or
interest. These stocks are from firms which pay relative high dividends.
This fund may include bonds which pay high dividends. This fund is
much like the value stock fund, but accepts a little more risk and is not
limited to stocks.
 Index funds
The securities in this fund are the same as in an Index fund such as the
Dow Jones Average or Standard and Poor's. The number and ratios or
securities are maintained by the fund manager to mimic the Index fund
it is following.
 Enhanced index
This is an index fund which has been modified by either adding value or
reducing volatility through selective stock-picking.
18 | P a g e
 Stock market sector
The securities in this fund are chosen from a particular marked sector
such as Aerospace, retail, utilities, etc.
 Defensive stock
The securities in this fund are chosen from a stock which usually is not
impacted by economic down turns.
 International
Stocks from international firms.
 Real estate
Stocks from firms involved in real estate such as builder, supplier,

architects and engineers, financial lenders, etc.
 Socially responsible
This fund would invests according to non-economic guidelines. Funds

may make investments based on such issues as environmental
responsibility, human rights, or religious views. For example, socially
responsible funds may take a proactive stance by selectively investing in
environmentally-friendly companies or firms with good employee
relations. Therefore the fund would avoid securities from firms who
profit from alcohol, tobacco, gambling, pornography etc.
 Balanced funds
19 | P a g e
The investor may wish to balance his risk between various sectors such
as asset size, income or growth. Therefore the fund is a balance between
various attributes desired.
 Tax efficient
Aims to minimize tax bills, such as keeping turnover levels low or shying
away from companies that provide dividends, which are regular payouts
in cash or stock that are taxable in the year that they are received. These
funds still shoot for solid returns; they just want less of them showing up
on the tax returns.
 Convertible
Bonds or Preferred stock which may be converted into common stock.
 Junk bond
Bonds which pay higher that market interest, but carry higher risk for
failure and are rated below AAA.
 Mutual funds of mutual funds
This funds that specializes in buying shares in other mutual funds rather
than individual securities.
 Closed end
20 | P a g e
This fund has a fixed number of shares. The value of the shares fluctuates with
the market, but fund manager has less influence because the price of the
underlining owned securities has greater influence.
 Exchange traded funds (ETFs)
Baskets of securities (stocks or bonds) that track highly recognized

indexes. Similar to mutual funds, except that they trade the same way
that a stock trades, on a stock exchange.
Types Of Mutual Fund By Structure:
Mutual funds are investment vehicles that pool money from the public and
invest the accumulated corpus in a wide range of securities and instruments.
They allocate their investments in different asset classes like debt, equity,
gold, etc. Mutual funds can be segregated into different categories based on
their asset allocation, their structure, or how they are managed.
 Open-Ended Funds
An open-ended scheme, as the name explains, is ‗open‘ for investors to
enter or exit at any time. Investors are free to acquire new units from the
scheme or redeem any of their units to the scheme even after its New
Fund Offer (NFO). The free-flowing movement of funds and units in an
open-ended scheme implies that the unit capital of the scheme keeps
on fluctuating.
Even if some unit-holders exit from the scheme, whether entirely or

partially, the scheme continues accepting funds and allotting units to
other investors. Basically, there is no strict time frame, after which the
21 | P a g e
scheme needs to be closed. Open-ended schemes have no fixed
maturity.
Open-ended schemes are thus suitable for investors who wish to stay
invested in the scheme for as long as they want or withdraw their
investment at any point in time as per their liquidity needs.
 Close-Ended Funds
Close-ended funds are mutual fund schemes that restrict entry
into the scheme only during the offer period. Once the NFO period
expires, investors cannot buy or redeem their units. Thus, close-ended
funds also have a fixed maturity.
Post-NFO, the mutual fund makes arrangements for the units to be

traded on a stock exchange. All close-ended schemes have to be
mandatorily listed on a stock exchange. This implies that the post-NFO
transactions happen on the stock exchange without involving the mutual
fund. Therefore, the unit capital of the scheme shall remain fixed.
However, investing in a close-ended scheme or seeking premature exit

after the NFO period is not that simple. Investors who wish to purchase
units after the NFO will have to find a seller for those units in the stock
exchange. After the NFO, investors who intend to sell their units will
have to find a buyer for those units in the stock exchange. Here, the
transaction price is likely to be lower or higher than the scheme‘s NAV,
depending on the demand for and supply of its units.
22 | P a g e
 Interval Funds
Interval funds combine the characteristics of both open-ended and
close-ended schemes. They are mainly close-ended but become open-
ended at specific intervals. For example, an interval scheme may
remain closed throughout the year but become open between 1st
August to 15th August. However, between these intervals, the units
have to be mandatorily listed on stock exchanges to allow investors an
exit route. Thus, the investors of an interval scheme are not completely
dependent on the stock exchange to buy or sell their units.
Before choosing a suitable mutual fund scheme based on its structure,

investors must look at their liquidity needs, investment horizon and risk
appetite so as to make an informed investment decision.
Types of Mutual Fund Schemes: By Investment
Objective :
A scheme can also be classified as growth scheme, income scheme, or balanced scheme
considering its investment objective. Such schemes may be open-ended or close-ended
schemes as described earlier. Such schemes may be classified mainly as follows:
1. Growth / Equity Oriented Schemes
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.
23 | P a g e
 Equity funds
As explained earlier, such funds invest only in stocks, the riskiest of asset classes. With
share prices fluctuating daily, such funds show volatile performance, even losses.
However, these funds can yield great capital appreciation as, historically, equities have
outperformed all asset classes. At present, there are four types of equity funds available
in the market. In the increasing order of risk, these are:
 Index funds
These funds track a key stock market index, like the BSE (Bombay Stock Exchange)
Sensex or the NSE (National Stock Exchange) S&P CNX Nifty. Hence, their portfolio
mirrors the index they track, both in terms of composition and the individual stock
weightages. For instance, an index fund that tracks the Sensex will invest only in the
Sensex stocks. The idea is to replicate the performance of the benchmarked index to
near accuracy.
Investing through index funds is a passive investment strategy, as a fund’s performance

will invariably mimic the index concerned, barring a minor “tracking error”. Usually,
there’s a difference between the total returns given by a stock index and those given by
index funds benchmarked to it. Termed as tracking error, it arises because the index
fund charges management fees, marketing expenses and transaction costs (impact cost
and brokerage) to its unitholders. So, if the Sensex appreciates 10 per cent during a
particular period while an index fund mirroring the Sensex rises 9 per cent, the fund is
said to have a tracking error of 1 per cent.
To illustrate with an example, assume you invested Rs 1,000 in an index fund based on
the Sensex on 1 April 1978, when the index was launched (base: 100). In August, when
the Sensex was at 3.457, your investment would be worth Rs 34,570, which works out to
an annualised return of 17.2 per cent. A tracking error of 1 per cent would bring down
your annualised return to 16.2 per cent. Obviously, the lower the tracking error, the
better the index fund.
 Diversified funds
Such funds have the mandate to invest in the entire universe of stocks. Although by
definition, such funds are meant to have a diversified portfolio (spread across industries
and companies), the stock selection is entirely the prerogative of the fund manager.
This discretionary power in the hands of the fund manager can work both ways for an
equity fund. On the one hand, astute stock-picking by a fund manager can enable the
24 | P a g e
fund to deliver market-beating returns; on the other hand, if the fund manager’s picks
languish, the returns will be far lower.
The crux of the matter is that your returns from a diversified fund depend a lot on the
fund manager’s capabilities to make the right investment decisions. On your part, watch
out for the extent of diversification prescribed and practised by your fund manager.
Understand that a portfolio concentrated in a few sectors or companies is a high risk,
high return proposition. If you don’t want to take on a high degree of risk, stick to funds
that are diversified not just in name but also in appearance.
 Tax-saving funds
Also known as ELSS or equity-linked savings schemes, these funds offer benefits under
Section 88 of the Income-Tax Act. So, on an investment of up to Rs 10,000 a year in an
ELSS, you can claim a tax exemption of 20 per cent from your taxable income. You can
invest more than Rs 10,000, but you won’t get the Section 88 benefits for the amount in
excess of Rs 10,000. The only drawback to ELSS is that you are locked into the scheme
for three years.
In terms of investment profile, tax-saving funds are like diversified funds. The one
difference is that because of the three year lock-in clause, tax-saving funds get more
time to reap the benefits from their stock picks, unlike plain diversified funds, whose
portfolios sometimes tend to get dictated by redemption compulsions.
 Sector funds
The riskiest among equity funds, sector funds invest only in stocks of a specific industry,
say IT or FMCG. A sector fund’s NAV will zoom if the sector performs well; however, if
the sector languishes, the scheme’s NAV too will stay depressed.
Barring a few defensive, evergreen sectors like FMCG and pharma, most other industries
alternate between periods of strong growth and bouts of slowdowns. The way to make
money from sector funds is to catch these cycles—get in when the sector is poised for
an upswing and exit before it slips back. Therefore, unless you understand a sector well
enough to make such calls, and get them right, avoid sector funds.
2. Income / Debt Oriented Scheme
The 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
25 | P a g e
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.
Such funds attempt to generate a steady income while preserving investors’ capital.
Therefore, they invest exclusively in fixed-income instruments securities like bonds,
debentures, Government of India securities, and money market instruments such as
certificates of deposit (CD), commercial paper (CP) and call money. There are basically
three types of debt funds.
 Income funds
By definition, such funds can invest in the entire gamut of debt instruments. Most
income funds park a major part of their corpus in corporate bonds and debentures, as
the returns there are the higher than those available on government-backed paper. But
there is also the risk of default—a company could fail to service its debt obligations.
 Gilt funds
They invest only in government securities and T-bills—instruments on which repayment

of principal and periodic payment of interest is assured by the government. So, unlike
income funds, they don’t face the spectre of default on their investments. This element
of safety is why, in normal market conditions, gilt funds tend to give marginally lower
returns than income funds.
 Liquid funds
They invest in money market instruments (duration of up to one year) such as treasury
bills, call money, CPs and CDs. Among debt funds, liquid funds are the least volatile.
They are ideal for investors seeking low-risk investment avenues to park their short-term
surpluses.
 The ‘risk’ in debt funds
Although debt funds invest in fixed-income instruments, it doesn’t follow that they are risk-free.
Sure, debt funds are insulated from the vagaries of the stock market, and so don’t show the
26 | P a g e
same degree of volatility in their performance as equity funds. Still, they face some inherent risk,
namely credit risk, interest rate risk and liquidity risk.
 Interest rate risk:
This is common to all three types of debt funds, and is the prime reason why the NAVs
of debt funds don’t show a steady, consistent rise. Interest rate risk arises as a result of
the inverse relationship between interest rates and prices of debt securities. Prices of
debt securities react to changes in investor perceptions on interest rates in the economy
and on the prevelant demand and supply for debt paper. If interest rates rise, prices of
existing debt securities fall to realign themselves with the new market yield. This, in turn,
brings down the NAV of a debt fund. On the other hand, if interest rates fall, existing
debt securities become more precious, and rise in value, in line with the new market
yield. This pushes up the NAVs of debt funds.
 Credit risk: This throws light on the quality of debt instruments a fund holds. In
the case of debt instruments, safety of principal and timely payment of interest is
paramount. There is no credit risk attached with government paper, but that is
not the case with debt securities issued by companies. The ability of a company
to meet its obligations on the debt securities issued by it is determined by the
credit rating given to its debt paper. The higher the credit rating of the
instrument, the lower is the chance of the issuer defaulting on the underlying
commitments, and vice-versa. A higher-rated debt paper is also normally much
more liquid than lower-rated paper. Credit risk is not an issue with gilt funds and
liquid funds. Gilt funds invest only in government paper, which are safe. Liquid
funds too make a bulk of their investments in avenues that promise a high
degree of safety. For income funds, however, credit risk is real, as they invest
primarily in corporate paper.
 Liquidity risk: This refers to the ease with which a security can be sold in the
market. While there is brisk trading in government securities and money market
instruments, corporate securities aren’t actively traded. More so, when you go
down the rating scale—there is little demand for low-rated debt paper. As with
credit risk, gilt funds and liquid risk don’t face any liquidity risk. That’s not the
case with income funds, though. An income fund that has a big exposure to low-
rated debt instruments could find it difficult to raise money when faced with large
redemptions.
3. Balanced Fund
27 | P a g e
The aim of balanced funds is to provide both growth and regular income as such
schemes invest both in equities and fixed income securities in the proportion
indicated in their offer documents. These are appropriate for investors looking for
moderate growth. They generally invest 40-60% in equity and debt instruments.
These funds are also affected because of fluctuations in share prices in the stock
markets. However, NAVs of such funds are likely to be less volatile compared to
pure equity funds.
As the name suggests, balanced funds have an exposure to both equity and debt
instruments. They invest in a pre-determined proportion in equity and debt—
normally 60:40 in favour of equity. On the risk ladder, they fall somewhere
between equity and debt funds, depending on the fund’s debt-equity spilt—the
higher the equity holding, the higher the risk. Therefore, they are a good option
for investors who would like greater returns than from pure debt, and are willing
to take on a little more risk in the process.
4. Money Market or Liquid Fund
These funds are also income funds and their aim is to provide easy liquidity,
preservation of capital and moderate income. These schemes invest exclusively in
safer short-term instruments such as treasury bills, certificates of deposit,
commercial paper and inter-bank call money, government securities, etc. Returns
on these schemes fluctuate much less compared to other funds. These funds are
appropriate for corporate and individual investors as a means to park their
surplus funds for short periods.
Features Of Mutual Funds
Mutual funds are getting popular every day as more and more people are opting for
mutual fund investments. Campaigns such as Mutual Fund Sahi Hai have done a great
job in promoting the new way of investing.

But, are you aware of the mutual fund characteristics?
In this blog, we seek to discuss the important features of a mutual fund. As an investor,
it is essential that you are aware of the fundamental characteristics that define and
guide your hard-earned money.
28 | P a g e
 Managed By A Qualified Expert
An expert fund manager manages a mutual fund and takes care of your hard earned
money. It goes on without saying that managing financial investments is not an easy
task. Amidst this, if you don‘t get the help of an expert, you may get lost in the financial
ocean.
Mutual fund schemes provide you with the service of an expert who takes care of your
money along with the other investments.
 Open-Ended And Close-Ended Funds

Based on the constitution there are two types of mutual funds – open-ended and close-
ended.
In an open-ended fund, an investor is free to invest money whenever he/she feels like.
Similarly, you are also free to withdraw money anytime. These are the funds in which
the freedom or flexibility of investment timing is highest.
In a close-ended fund, an investor has limited time to invest money in the fund.
Whenever a scheme is launched, investors are offered with a time frame to invest. If an
investor is interested in investing, he/she is required to put in money during the time
period failing which he/she is not provided with units of the fund nor another time frame
for investing.
 Lump Sum And SIP Investment

As seen in the previous point, in an open-ended fund, you have the timing flexibility for
investment. Similarly, you have no restriction on the frequency or amount you can invest
per year.
29 | P a g e
If you are investing Rs 50000 at a time or making any irregular investments such as Rs
10000 in one month and Rs 25000 in another, all these are considered to be the lump-
sum investment.
These funds also provide you with an option of investing regularly.
However, mutual funds allow you to invest regularly. In this case, when you invest a
fixed amount at a fixed interval, it is called the Systematic Investment Plan (SIP). In a
SIP, you can decide the amount and interval such as monthly, quarterly, weekly, etc.
SIP is very similar to recurring deposit.
 No Fixed Returns
Mutual funds invest in capital market instruments such as bonds, equities, and money
market instruments. The price of these instruments change as per the market dynamics,
and thus it is not possible to predict the returns a mutual fund.
Mutual fund schemes buy and sell bonds and equities from the market, the profit of
such as transactions are also re-invested in subsequent transactions.
Also, redemption by investors often lead to selling decisions by fund managers, and
thus the returns from the mutual fund are not fixed and are purely dependent on the
market condition.
 Equities Can Make Losses

Equity mutual funds are the funds that invest in equities. Equities by nature are riskier
instruments and come with high profitability and high risk. While an investor may
generate healthy returns, he/she may have to go through a harrowing period as well
depending on the market dynamics.
Check best equity funds to invest
30 | P a g e
 Debt Funds Are Relatively Safer
Mutual funds that invest in debt instruments are relatively safer. This is because the
debt instrument, in which a fund invests, comes with an external credit rating that
defines its degree of safety. Also, these debt instruments have a fixed interest rate and
are not heavily dependent on the capital market. While some impact in the yield may be
seen depending on the inflation rate in the economy, and the Reserve Bank of India‘s
monetary policy but the volatility is controlled.
While debt funds do have some volatility, seldom you will see losses in the debt funds.
Thus, these are safer than the equity counterpart.
Check best debt funds to invest
 Different Ways Of Investing

Off late, you would have seen a lot of articles, blogs, videos and other content being
created over the web that talks about the different ways of investing in mutual funds.
While the fund houses have a limited physical presence, and practically it isn‘t feasible
for fund houses to open physical branches in all the cities of a country that is huge like
India. Amidst this internet has done wonders. In addition to the offices of fund houses,
you can invest through their online website.
Also, the regulators have allowed distributors to be appointed by the fund house, and
thus banks, brokers, individuals and a plethora of start-ups are engaged in the business
of mutual fund distribution.
You can purchase a fund from any of the following –
• Branch office or Online Portal – Fund house has its branch office and website. An
individual can invest in either manner.
31 | P a g e
• Mutual Fund Distributors – These are the agents of fund houses and are paid
commission for facilitating the sale.
• Banks – To offer a bouquet of financial services, banks have partnered with fund
house and offer mutual fund investment through their channel
• Stockbrokers – In addition to equities, the brokers are not distributing mutual fund
scheme. You can always check HDFC securities, Kotak securities, and the likes.
• Third-party aggregators – One of the recent entries in the domain, these are platform
developed using current technology. These platforms offer mutual funds from multiple
fund houses in one place — for example, Orowealth.
 Charges Of Mutual Funds

A mutual fund involves a fund manager, his team, infrastructure, selling and distribution
fees, marketing expenses, regulatory cost, transaction cost, and the likes. All these are
subsumed into one and are charged as expense ratio from an investor.
The fund house charges some amount from your corpus that is deployed for the
functioning of the fund house.
You also pay a commission to the distributor. This has resulted in two plans for each
fund – regular plan and direct plan. If you are buying a regular plan, the expense ratio is
high as the commission to the distributor is involved. On the other hand, if you are
purchasing a direct plan, you are not required to pay any commission as you deal
directly with the fund house and thus the expense ratio is lower.
Lot of start-ups such as Orowealth has redefined the industry and has made the direct
plan available to investors so that investors‘ returns are maximized.
32 | P a g e
 No Tax Deducted At Source
Tax Deducted at Source (TDS) has now become a part of earning and is debited from
all your transaction – be it your salary or professional income or any other income such
as interest on the fixed deposit, you get the amount after tax deduction.
However, there is no TDS deduction on mutual fund earning. This doesn‘t imply there is
no tax applied, but it merely means that you will have to assess your tax liability from
the sale of funds at the time of filing of income tax returns.
 Mutual Funds Provide Tax Benefits

There is a type of equity fund known as Equity Linked Savings Scheme (ELSS). These
funds invest in equities and offer tax benefits up to Rs 1.5 Lakhs under Section 80C of
the IT Act.
Drawbacks Of Mutual Fund
 High Expense Ratios and Sales Charges

If you're not paying attention to mutual fund expense ratios and sales
charges, they can get out of hand. Be very cautious when investing in funds
with expense ratios higher than 1.50%, as they are considered to be on the
higher cost end. Be wary of 12b-1 advertising fees and sales charges in
general. There are several good fund companies out there that have no sales
charges. Fees reduce overall investment returns.1
33 | P a g e
 Management Abuses
Churning, turnover, and window dressing may happen if your manager is
abusing their authority. This includes unnecessary trading, excessive
replacement, and selling the losers prior to quarter-end to fix the books.
 Tax Inefficiency
Like it or not, investors do not have a choice when it comes to capital
gains payouts in mutual funds. Due to the turnover, redemptions, gains, and
losses in security holdings throughout the year, investors typically receive
distributions from the fund that are an uncontrollable tax event. 1
 Poor Trade Execution

If you place your mutual fund trade anytime before the cut-off time for same-
day NAV, you'll receive the same closing price NAV for your buy or sell on the
mutual fund.2 For investors looking for faster execution times, maybe
because of short investment horizons, day trading, or timing the market,
mutual funds provide a weak execution strategy.
Income Tax Benefit

Investors often do not think about tax consequences when making investment
decisions. For example, an investor can feel happy if he gets 8 – 9% interest from a
fixed deposit scheme. However, if the interest income is fully taxable, and it usually is,
then the effective post tax return for the investor in the highest tax bracket is 5.6 – 6.3%
only. This return may not be sufficient to keep up with the inflation rate relating to the
typical consumption basket of a middle income or upper middle income urban Indian
investor.
Mutual funds, on the other hand, are one of the most tax friendly investment options
available to Indian investors. An important point to note in mutual fund investments is
that, an incident of tax arises only upon the sale of units of a mutual fund scheme.
34 | P a g e
Let us now discuss mutual fund tax benefits -
Tax on equity mutual funds (funds which have at least 65% equity allocation in their
investment portfolios). The minimum holding period for long term capital gains in equity
funds is one year. Short term capital gains (if the units are sold before one year)
in equity funds are taxed at the rate of 15% plus 4% cess. Long term capital gains tax in
equity funds is 10% + 4% cess provided the gain in a financial year is over Rs 1 Lakh.
Long term capital gains upto Rs 1 Lakh is totally tax free.
Dividends paid by equity mutual funds are tax free in the hands of the investor
but the AMC pays dividend distribution tax (DDT) at the rate of 11.648%.
Tax on debt mutual funds - The minimum holding period for short term capital
gains in debt funds is 3 years. Short term capital gains (if the units are sold
before three years) in debt mutual funds are taxed as per applicable tax rate of
the investor. Therefore, if your tax rate is 30% then short term capital gains tax
on debt fund is 30% + 4% cess. Long term capital gains of debt fund are taxed at
20% with indexation. To calculate capital gains with indexation, you should index
your purchasing cost by multiplying the purchasing cost with the ratio of the cost
of inflation index of the year of sale and cost of inflation index of the year of
purchase, and then subtract the indexed purchasing cost from sales value.
Indexation benefits reduce the tax obligation of debt fund investor considerably
compared to investments in bank FDs and many small savings schemes.
While dividends are tax free in the hands of the investor, the fund house
paysdividend distribution tax (DDT) at the rate of 29.120% for debt mutual funds
before distributing dividends to investors.
The table below summarizes the taxation of equity and debt mutual funds
Nature of Profits /
Equity Funds Taxation Non-Equity Funds Taxation
Income
Minimum Holding
1 year 3 years
period for Long term
35 | P a g e
capital gains
As per the tax rate of the investor
Short term capital
15% + 4% cess = 15.60% (30% + 4% cess = 31.20% for
gains
investors in the highest tax slab)
10% + 4% cess = 10.40%
Long term capital
(if the long term gain 20% with indexation
gains
exceeds Rs 1 Lakh)
Dividend distribution 10% + 12% surcharge + 25%+ 12% surcharge +4% cess =
tax 4% cess = 11.648% 29.120%
Mutual fund tax benefits under Section 80C - Investments in Equity Linked
Savings Schemes or ELSS mutual funds qualify for deduction from your taxable
income under Section 80C of the Income Tax Act 1961. The maximum
investment amount eligible for tax deduction under Section 80C, is Rs 1.5 lakhs.
Investors in the highest tax bracket (30%) can therefore save up to Rs 46,350 in
taxes (Rs 1.5 lakhs X 30.9% tax + cess) by investing in ELSS mutual funds.
Investor should note that, Rs 1.5 lakhs is the overall 80C cap including all eligible
items like, employee provident fund (EPF) contribution (deducted by your
employer), PPF, life insurance premiums, NSC and ELSS mutual funds etc.
Regulates Mutual Fund In India

 Mutual funds in India are regulated by the Securities and Exchange
Board of India (SEBI) primarily. They are governed by the Securities
Exchange Board of India (Mutual Fund) Regulations 1996, except for
Unit Trust of India (UTI). UTI was formed by the UTI Act passed by the
Parliament of India. All mutual funds must be registered with SEBI.
Besides SEBI, mutual funds are regulated by RBI, Indian Companies
Act 1956, Stock exchange, Indian Trust Act, 1882 and Ministry of
Finance.
36 | P a g e
 RBI acts as a regulator of sponsors for mutual funds that are sponsored
by banks, mainly in case of funds offering guaranteed returns scheme for
which the mutual fund should have the approval of RBI. The Ministry of
Finance acts as supervisor of both RBI and SEBI and also appellate
authority under SEBI regulations. Mutual funds can appeal to the
Ministry of finance on the rulings of SEBI.
 As the industry developed, there was a necessity to promote healthy and
ethical marketing practices and maintain standards in all areas in the
mutual fund industry of India with a view to protect and promote the
interests of mutual funds and their unitholders. The Association of
Mutual Funds in India (AMFI), a non-profit organization, was formed
with this objective in 1995.
 The certificate of AMFI made mandatory by SEBI for all those who are
engaged in marketing mutual fund products.
Invest In Mutual Fund
1.Decide on Our Mutual Fund Investment Goals
What financial goals would you like to reach by investing in mutual funds? Are
your goals only a few years away or decades in the future?
If you’re investing for a long-term goal, like retirement or your child’s college
education, stock mutual funds are a great choice. You’ve got plenty of time to
ride out the inevitable ups and downs of the stock market. While no
investment guarantees a return, mutual funds are safer than some other
options because you’re invested in a broad range of companies or debts.
If you’re saving for a shorter-term goal, like buying a home or a car within the
next few years, a bond market mutual fund might be a better option. Investors
who need easy access to their money in the very short term should
37 | P a g e
consider high-yield savings accounts, which provide greater liquidity and are
federally insured up to at least $250,000.
2. Pick the Right Mutual Fund Strategy
Once you’ve identified your mutual fund investing goals, you can pick funds
with the right investment strategy tailored to your goals.
 Long-term goals. Long-term mutual fund investing means you have

decades to reach your financial goals. With that in mind, your mutual fund
allocation should probably be 70% to 100% in stock-based mutual funds to
position yourself for the most investment growth. You may look specifically
for mutual funds labeled “growth funds” to invest in companies that are
expected to grow faster than others. These funds have more risk, but they also
have more potential for large gains. Growth mutual funds to consider include
the Vanguard Growth Index Fund (VIGAX) and Fidelity Growth Discovery
Fund (FDSVX).
 Mid-term goals. If investing heavily in stocks makes you nervous or you
have a goal that’s within five to 10 years away, you may want an approach that
reduces the potential for rapid changes in investment value. Balanced mutual
funds invest in both bonds and stocks, offsetting some of the risk associated
with stocks. Balanced mutual funds to consider include the Vanguard
Wellesley Income Fund (VWINX) and the American Funds American
Balanced Fund (ABALX).
 Near-term goals. If you are only a few years away from your goal, your focus
should be on minimizing risk so you don’t wind up short money when you
need it. You might aim to invest 30% in stock mutual funds and the rest in
bond funds. The bond funds will produce a steady income through interest
payments while the limited stock component may allow you to see some
38 | P a g e
investment growth. Income-oriented mutual funds to consider include the
PIMCO Total Return (PTTAX) and the Vanguard Equity Income Fund
(VEIPX).
If you’d prefer to avoid the hassle of picking a portfolio allocation, consider
investing in a target-date fund. Target-date funds target a specific year in the
future when the investor needs to withdraw their funds and provide a
complete, well-diversified allocation of equity and bond holdings. The further
from that date, the more the fund invests in riskier assets like stocks. As the
target date approaches, the fund gradually adjusts its holdings to lower-risk
assets like Treasury bonds.
3. Research Potential Mutual Funds
When researching potential mutual funds to invest in, use tools like
the Mutual Fund Observer and Maxfunds. These sites provide detailed
information on different mutual funds in multiple categories.
Most brokerages’ websites also include mutual fund research tools and
screeners for clients.
Consider the following factors to help you refine your list of mutual fund
choices:
 Past Performance. While a fund’s past performance is no guarantee of its

future success, how a fund has historically performed can be a good indication
of how well the fund is meeting its stated goals. Compare past performance to
similar mutual funds or benchmark indices.
 Expense Ratios. These are annual fees that compensate the fund’s managers
and cover the cost of buying the fund’s investments. The industry average
expense ratio is 0.57%, but you can find many funds that charge much less.
While most expense ratios are less than 1% or 2%, it’s important to pay
39 | P a g e
attention to these as they can drastically impact your money’s growth over
time.
 Load fees. These are sales commissions charged by the broker who sells you
a mutual fund. Mutual funds are often classified as “load” or “no-load” funds.
Load funds charge commissions while no-load funds do not. You should try to
avoid paying load fees, if possible. Given the wide range of funds available, you
should be able to find comparable investments without fees.
 Management. Actively managed mutual funds aim to beat the performance
of an underlying index. They usually charge higher fees and offer the potential
for richer returns. Passively managed mutual funds—or index funds—aim to
duplicate the performance of an underlying index.
They typically charge lower fees than actively managed funds. Historically,
passively managed index funds have outperformed actively managed funds
over the long term.
4. Open an Investment Account
If you participate in an employer-sponsored retirement plan at work, such as

a 401(k) or 403(b), you already have access to mutual funds. Most retirement
plans direct your contributions to mutual funds rather than individual stocks
or bonds, and you can typically elect to invest in target-date funds if you’d
prefer to automate your portfolio management.
If you don’t have access to an employer-sponsored retirement account or are
investing for a goal outside of retirement, you can invest in mutual funds
by opening a brokerage account on your own and investing in the following
plans:
 Individual retirement accounts (IRAs). You can invest in mutual funds
for retirement via tax-advantaged IRAs.
40 | P a g e
 Taxable brokerage accounts. Taxable accounts at an online broker lack
the tax benefits of 401(k) plans or IRAs, but you can make withdrawals at any
time without paying penalties. This makes them particularly well suited for
goals you’d like to achieve before 59 ½, the federal retirement age.
 Education savings accounts. If you have children and want to save for
their college education, you can open a 529 college savings account and invest
in mutual funds.
5. Purchase Shares of Mutual Funds
To start investing in mutual funds, make sure you have enough money
deposited in your investment account. Keep in mind that mutual funds may
have higher investment minimums than other asset classes. For example,
Vanguard’s minimum investment for actively managed mutual funds is
$3,000. Other investments, like individual stocks or ETFs, generally do not
have these kinds of minimums.
You can also buy ETFs and stocks at any time during the trading day. Mutual
funds, on the other hand, only trade once per day after the market closes. This
distinction may not be important for those who are investing for longer-term
goals and who aren’t trying to make a quick buck through market swings.
While it might seem mutual funds trail stocks and ETFs, they do edge those
other investments out in one key way: it’s generally easier to purchase
fractional shares of mutual funds. This means you can invest any dollar
amount instead of being limited to investing only in intervals equal to whole
share prices. This lets you get more of your money invested and growing in the
market sooner.
41 | P a g e
That said, while historically, you haven’t been able to do fractional investing
with ETFs or stocks, increasingly more brokerages and micro-investing
platforms are enabling clients to buy partial shares of ETFs and certain stocks.
6. Set Up a Plan to Keep Investing Regularly
Investing isn’t a one-off event for most people, and if you plan to grow wealth
or reach money goals, you’ll want to establish a plan to keep investing. Your
brokerage trading platform can help you set up recurring investments on a
daily, weekly or monthly basis so you don’t have to remember to deposit
money into your account every time you want to invest.
Not only does this help you grow money, but it also may help you pay less per
share thanks to an investing principle called dollar-cost averaging. By
investing a set dollar amount regularly, you reduce the risk that you buy a lot
of mutual fund shares when prices are extremely high. And on the flip side,
because you’re investing a set amount of dollars, your money buys more
shares when prices are low. Over time, this may reduce the average price you
pay per share.
You’ll also want to set up a plan to check in on your investments at least once a
year. This will give you a chance to rebalance your portfolio and make sure
that its asset classes still match the level of risk you want to take on to meet
your goals. Portfolio rebalancing is important, so if this prospect sounds
daunting to you, you might look into robo-advisors, which are automated
platforms that generally offer this service as part of their management
services.
42 | P a g e
7. Consider Our Exit Strategy
Eventually, you’ll want to sell your mutual fund shares to pay for your
financial goals, such as making withdrawals during retirement.
If you bought mutual funds with backend loads, you’ll have to pay a fee to your
broker when you cash out. You’ll also probably owe taxes on any capital
gains your investments made unless you held them in a Roth IRA or Roth
401(k). Consider speaking with a financial advisor or tax professional to
determine strategies to minimize the taxes you may owe on your investments.
Modes Of Investment In Mutual Funds
Travel in public transport is always considered cheaper than travelling in

autos, cabs and other mode of transport. In the same way investment in direct
entry of mutual fund scheme is always beneficial to a mutual fund investor.
Direct Entry scheme means where an investor directly submits his/her mutual
fund application to the mutual fund company without help of any intermediary
(brokers/agents) Investments made directly to the mutual fund company is
known as Direct Plan and invested through brokers/agents is known as
Regular Plans. There is saying ―that there is no free lunch‖, in the same way
no brokers/agents will give you a free service. The broker/agent will collect
his/her pie in form of commission from the mutual fund company. Mutual Fund
Company usually do not pay the commission to the brokers/agents from their
pockets. Mutual Fund Company only act as an intermediator between the
investor and mutual fund agent/broker. In other words they collect the
commission from the investor and pays to the broker/agent.
43 | P a g e
In current scenario the difference in NAV in a direct scheme and regular
scheme is the brokers/agents commission. The catch is a lay man investor will
neither have experience/expertise to select the appropriate mutual fund as per
his/her requirements. The ground reality is the agents/brokers in mutual
funds/insurance promote products which give them higher return
(commission). Thus the lay man investor does not usually gain from so called
expert advice from the broker/agent. In conclusion an investor gains in
monetary terms if he invests in mutual fund directly than through a broker or
agent.
products of mutual fund
Seeks to deliver long-term growth of capital.

Alpha Opportunity
Diversified Income Seeks to achieve high current income with consideration for capital appreciation.
Long Short Equity Seeks to provide long-term capital appreciation.
Managed Futures Strategy Seeks to achieve absolute returns.
44 | P a g e
Market Neutral Real Estate Seeks to provide capital appreciation, while limiting exposure to general stock market risk.
Multi-Hedge Strategies Seeks to provide long-term capital appreciation with less risk than traditional equity funds.
Risk Managed Real Estate Seeks to provide total return, comprised of capital appreciation and income.
Equity
Fund Name Strategy
Directional Allocation Seeks investment results that, before fees and expenses correspond generally to the total return
performance of the Guggenheim Directional Allocation Index.
Large Cap Value Seeks to deliver long-term growth of capital by investing in equity securities of undervalued large-
capitalization U.S. companies.
RBP Dividend Seeks investment results that, before fees and expenses, correspond generally to the total return
performance of the Guggenheim RBP Dividend Index.
RBP Large-Cap Defensive Seeks investment results that, before fees and expenses correspond generally to the total return
performance of the Guggenheim RBP Large-Cap Defensive Index.
45 | P a g e
RBP Large-Cap Market Seeks investment results that, before fees and expenses correspond generally to the total return
performance of the Guggenheim RBP Large-Cap Market Index.
RBP Large-Cap Value Seeks investment results that, before fees and expenses correspond generally to the total return
performance of the Guggenheim RBP Large-Cap Value Index.
Small Cap Value Seeks to deliver long-term growth of capital by investing in equity securities of undervalued small-
sized U.S. companies.
SMid Cap Value Seeks to deliver long-term growth of capital by investing in equity securities of undervalued small-
to medium-sized U.S. companies.
StylePlus - Large Core Seeks to provide long-term growth of capital.
StylePlus - Mid Growth Seeks to deliver long-term capital appreciation.
World Equity Income Seeks to provide total return, comprised of capital appreciation and income.
Rydex - Equity Broad Market
Fund Name Strategy
46 | P a g e
Fund Name Strategy
Dow Jones Industrial Seeks to provide investment results that match, before fees and expenses, the Dow Jones Industrial Avera
Average®
NASDAQ-100® Seeks to provide investment results that correspond, before fees and expenses, to the performance of the
100 Index® on a daily basis.
Russell 2000® Seeks to provide investment returns that match, before fees and expenses, the daily performance of the R
2000® Index.
S&P 500® Seeks to provide investment returns that match, before fees and expenses, the daily performance of the S
Index.
Rydex - Equity Inverse
Fund Name Strategy
Inverse Dow 2x Strategy Seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite)
performance of the Dow Jones Industrial Average℠ on a daily basis.
Inverse Emerging Markets Seeks to provide investment results that correlate, before fees and expenses, to twice (200%) the inverse (
2x Strategy daily performance of the BNY Mellon Emerging Markets 50 ADR Index.
47 | P a g e
Fund Name Strategy
Inverse Mid-Cap Strategy Seeks to provide investment results that match, before fees and expenses, the inverse of the daily perform
S&P MidCap 400™ Index.
Inverse NASDAQ-100® 2x Seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite)
Strategy performance of the NASDAQ-100 Index® on a daily basis.
Inverse NASDAQ-100® Seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the da
Strategy performance of the NASDAQ-100 Index®.
Inverse Russell 2000® 2x Seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite)
Strategy performance of the Russell 2000® Index on a daily basis.
Inverse Russell 2000® Seeks to provide investment results that match, before fees and expenses, the inverse of the daily perform
Strategy Russell 2000® Index.
Inverse S&P 500® 2x Seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite)
Strategy performance of the S&P 500® Index on a daily basis.
Inverse S&P 500® Seeks to provide investment results that match, before fees and expenses, the inverse of the daily perform
Strategy S&P 500® Index.
48 | P a g e
Fund Name Strategy
Rydex - Equity Leveraged
Fund Name Strategy
Dow 2x Strategy The Fund seeks to provide investment results that match, before fees and expenses, 200% of the daily performance o
Industrial AverageSM.
Emerging Markets 2x Seeks to provide investment results that correlate, before fees and expenses, to twice (200%) the daily performance o
Strategy Emerging Markets 50 ADR Index.
Europe 1.25x Strategy Seeks to provide investment results that correlate, before fees and expenses, to the performance of the Stoxx Europe
fund will attempt to consistently apply leverage to increase the funds exposure to 125% of its benchmark.
Japan 2x Strategy Seeks to provide investment results that correlate, before fees and expenses, to the performance of a specific benchm
current benchmark is 200% of the fair value of the Nikkei 225 Stock Average.
49 | P a g e
Fund Name Strategy
Mid-Cap 1.5x Strategy Seeks to provide investment results that correlate, before fees and expenses, to the performance of the S&P MidCap
fund will attempt to consistently apply leverage to increase the fund's exposure to 150% of its benchmark.
Monthly Rebalance Seeks to provide investment results that match, before fees and expenses, 200% of the monthly performance of the N
NASDAQ-100® 2x Index®.
Strategy
NASDAQ-100® 2x Seeks to provide investment results that match, before fees and expenses, 200% of the daily performance of the NAS
Strategy
Nova Seeks to provide investment returns that match, before fees and expenses, 150% of the daily performance of the S&P
Russell 2000® 1.5x Seeks to provide investment returns that correlate, before fees and expenses, to the performance of the Russell 2000
Strategy basis. The fund will attempt to consistently apply leverage to increase the fund's exposure to 150% of its benchmark.
50 | P a g e
Fund Name Strategy
Russell 2000® 2x Seeks to provide investment returns that match, before fees and expenses, 200% of the daily performance of the Rus
Strategy
S&P 500® 2x Strategy Seeks to provide investment results that match, before fees and expenses, 200% of the daily performance of the S&P
Rydex - Fixed Income, Commodities, Currency (FICC)
Fund Name Strategy
Commodities Strategy Seeks to provide investments results that correlate, before fees and expenses, the performance of the S&P GSCITM C
Emerging Markets Seeks to provide investment results that correlate, before fees and expenses, to the performance of the emerging mar
Bond Strategy defined by the Advisor.
51 | P a g e
Fund Name Strategy
Government Long Seeks to provide investment results that correspond, before fees and expenses, to 120% of the daily price movement
Bond 1.2x Strategy Treasury Bond.
High Yield Strategy Seeks to provide investments results that correlate, before fees and expenses, to the performance of the high yield bo
seeks to gain exposure similar to the high yield bond market by investing in credit default swaps, high yield securities,
financial instruments with economic characteristics comparable to that of high yield bond market.
Inverse Government Seeks to provide investment returns that inversely correlate, before fees and expenses, to the daily price movement o
Long Bond Strategy Treasury Bond.
Inverse High Yield Seeks to provide investments results that inversely correlate, before fees and expenses, to the performance of the hig
Strategy The fund seeks to gain inverse exposure to the performance of the high yield bond market by investing in credit defau
other financial instruments with economic characteristics opposite to that of high yield bond market.
Strengthening Dollar Seeks to provide investment results that match, before fees and expenses, 200% of the performance of the U.S. Dolla
2x Strategy basis by investing in derivative instruments such as index swaps, futures contracts and options on securities and futur
Weakening Dollar 2x Seeks to provide investment results that match, before fees and expenses, 200% of the inverse performance of the U.
52 | P a g e
Fund Name Strategy
Strategy daily basis by engaging in short sales and investing in derivative instruments, such as index swaps, options and future
Rydex - Money Market
Fund Name Strategy
U.S. Government Money The U.S. Money Market Funds seeks to provide security of principal, high current income, and liquidity.
Market
Rydex - Sectors
Fund Name Strategy
Banking Seeks to provide capital appreciation by investing in companies that are involved in the banking sector, inclu
commercial banks (and their holding companies) and savings and loan institutions.
Basic Materials Seeks to provide appreciation by investing in companies engaged in the mining manufacture or sale of basi
such as lumber, steel, iron, aluminum, concrete, chemicals and other basic building and manufacturing mat
Biotechnology Seeks to provide capital appreciation by investing in companies that are involved in the biotechnology indus
companies involved in research and development, genetic or other biological engineering, and in the design
or sale of related biotechnology products or services.
53 | P a g e
Fund Name Strategy
Consumer Products Seeks to provide capital appreciation by investing in companies engaged in manufacturing finished goods a
both domestically and internationally.
Electronics Seeks to provide capital appreciation by investing in companies that are involved in the electronics sector, in
semiconductor manufacturers and distributions, and makers and vendors of other electronic components an
Energy Seeks capital appreciation by investing in companies involved in the energy field, including the exploration,
development of oil, gas, coal and alternative sources of energy.
Energy Services Seeks to provide capital appreciation by investing in companies that are involved in the energy services field
those that provide services and equipment in the areas of oil, coal and gas exploration and production.
Financial Services Seeks to provide capital appreciation by investing in companies that are involved in financial services secto
Health Care Seeks to provide capital appreciation by investing in companies that are involved in the health care industry
Internet Seeks to provide capital appreciation by investing in companies that provide products or services designed
the Internet.
Leisure Seeks to provide capital appreciation by investing in companies engaged in the leisure and entertainment b
54 | P a g e
Fund Name Strategy
Precious Metals Seeks to provide capital appreciation by investing in U.S and foreign companies that are involved in the pre
sector, including exploration, mining, production and development, and other precious metals-related servic
Real Estate Seeks to provide capital appreciation by investing in companies that are involved in the real estate industry
estate investment trusts (REITs).
Retailing Seeks to provide capital appreciation by investing in companies engaged in merchandising finished goods a
including department stores, mail order operations and other companies involved in selling products to cons
Technology Seeks to provide capital appreciation by investing in companies that are involved in the technology sector, i
computer software and service companies, semiconductor manufacturers, networking and telecommunicati
manufacturers, PC hardware and peripherals companies.
Telecommunications Seeks to provide capital appreciation by investing in companies engaged in the development manufacture,
communication services or communication equipment.
Transportation Seeks to provide capital appreciation by investing in companies engaged in providing transportation service
engaged in design, manufacture, distribution, or sale of transportation equipment.
Utilities Seeks to provide capital appreciation by investing in companies that operate public utilities.
55 | P a g e
Rydex - Style Box
Fund Name Strategy
S&P 500® Pure Growth Seeks to provide investment results that match, before fees and expenses, the daily performance of the
500® Pure Growth Index.
S&P 500® Pure Value Seeks to provide investment results that match, before fees and expenses, the daily performance of the
500® Pure Value Index.
S&P MidCap 400® Pure Seeks to provide investment results that match, before fees and expenses, the daily performance of the
Growth MidCap 400® Pure Growth Index.
S&P MidCap 400® Pure Seeks to provide investment results that match, before fees and expenses, the daily performance of the
Value MidCap 400® Pure Value Index.
S&P SmallCap 600® Pure Seeks to provide investment results that match, before fees and expenses, the daily performance of the
Growth SmallCap 600® Pure Growth Index.
S&P SmallCap 600® Pure Seeks to provide investment results that match, before fees and expenses, the daily performance of the
Value SmallCap 600® Pure Value Index.
Category Of Mutual Fund
 Bond Mutual Fund Categories
Bonds are like IOUs issued by the U.S. Government or corporations. They borrow
money by issuing bonds.
56 | P a g e
Government bond funds invest in types of U.S. Treasury bonds. Municipal bond funds
invest in types of municipal bonds. The bond issuer is often a state within the U.S., such
as the California Municipal Bond. Corporate bond funds invest in various bonds issued
by corporations.
Bond funds are also sorted by the average duration of the bonds held in the mutual
fund. This is similar to, but not always the same as, maturity.
Long-term bond funds purchase bonds with a duration of greater than 10 years.
Intermediate-term bond funds buy bonds with durations of 3.5 to six years. Short-term
bond funds focus on bonds with durations of one to 3.5 years. Ultra-short term bond
funds purchase bonds with durations of less than one year.
Bond mutual funds can be further distinguished by the credit quality of the underlying
bonds held in the fund. U.S. Treasury bonds are among the highest in credit quality, so
they're a low risk to the bondholder. "Junk bonds" are among the lowest in credit quality.
They're a higher risk to the bondholder.
 The Bottom Line

we'll know how a mutual fund invests when you understand the basic types of
funds and the terms used to describe them. we'll know that a fund invests in non-
U.S. stocks that combine for a blend of growth and value goals if you see a
mutual fund in a category such as "Foreign Large Blend."
Segment Of Mutual Fund
This research examines the mutual funds segment of the investment

market. Mutual funds are defined, and a brief history of mutual funds is
presented. The entry of commercial banking institutions into the mutual
funds market is reviewed, and the new competitive structure of the
57 | P a g e
mutual funds market is described. Factors affecting the functioning of the
mutual funds market are discussed, and projected changes in the market
are reviewed.
A mutual fund is a particular type of investment company. Specifically, a

mutual fund is an open-end investment company. An open-end
investment company is one that does not have a fixed amount of capital
stock, and continues to sell additional shares to the public as demand
warrants. As an open-end investment company, a mutual fund also
repurchases the outstanding shares in the fund when such shares are
surrendered by shareholders. The term mutual indicates that the
investment company represents a mutual pooling of the investment
funds of a large number of people who share in the outcome of the
combined investment of those funds. The value of a share in a mutual
fund is determined by the market value of the investment holdings of the
mutual fund.
Offer Document
It is a prospectus that details the investment objectives and strategies of a

particular fund or group of funds, as well as the finer points of the fund's past
performance, managers and financial information. A document containing the details
of a particular mutual scheme offered by an Asset Management Company (AMC) to
the public for investing is known as a mutual fund offer document or a prospectus.
This document comprises two parts - the Scheme Information Document (SID) and
the Statement of Additional Information (SAI).
58 | P a g e
Similarly, what is Kim in mutual fund? These documents include Scheme Information
Document (SID), Statement of Additional Information (SAI) and Key Information
Memorandum (KIM). All these documents are provided with the details which an
investor ought to know before investing in a mutual fund scheme.
Offer document means Prospectus in case of a public issue or offer for sale and Letter
of offer in case of a rights issue, which is filed with the Registrar of Companies (ROC) and
Stock Exchanges. An offer document covers all the relevant information to help an investor to
make his/her investment decision.
All offer documents (ODs) of Mutual Fund schemes filed with SEBI in terms of Regulation 28
(1) of SEBI (Mutual Funds) Regulation 1996 (hereinafter referred to as Regulation) are
prepared as per the format prescribed in circular dated March 31, 1998.
Nomination & Legal Heir
A nomination is when an account holder can select an individual funds’ trustee the
funds after the account holder dies. People nominate a person due to certain benefits.
One of those benefits is that, after the death, the bank can directly give the funds and
other items to the nominee without any Succession Certificate or court order. This
makes it easier to claim the balance amount, which the nominee further hands over to
the deceased’s family members.
However, it is not at all mandatory to nominate an individual. It completely depends

upon the account holder, whether he/she wants to nominate a person or not. There is no
rule stating that there must be a nominee. Anyone who wishes to nominate an
individual to his/her bank account can do so without much problem. You can select one
or more than one nominee for your account too.
It is important to select a nominee wisely, as he/she will be the caretaker of your

account. A nomination is not like Will. In a will deed, a person states all of his/her
property to his/her legal heir, which no one else can take away.
59 | P a g e
Once you appoint someone as your account’s nominee, you can even change, cancel, or
add more nominees to the account. However, there are some rules in case of joint
accounts for doing so. For joint accounts, all the account holders must sign to select or
cancel a nominee.
In case of a nominee for a minor, the guardian needs to fill out the forms and sign the
documents wherever necessary.
60 | P a g e
IDFC MUTUAL FUND
IDFC(Infrastructure Development Finance Company)
introduction
 Industry –Finance
 Sector – Mutual Fund
 Doc – 13 March 2000
 Work – Provide Saving & Investment Solutions
 Chairman – Sunil Kakar
 MD & CEO – Vishal Kapoor
 AUM – Asset Under Management-1.2 Lac Cr.
 AUM – 12,00,00,00,00,000
 Headquarter – Chennai
 Rank – 9th /44
Saving Solutions – Debt Schemes
The DBT scheme helps the Government directly deposit subsidies into the beneficiaries'
accounts. Earlier, the benefits were first transferred to an administrative authority, who
would then distribute them to the beneficiaries. However, the DBT scheme removes the
need for the middleman. The payment is made straight to a beneficiary by the
Government.
Grants and sponsorships are two examples of such transfers. Individuals who avail of
the DBT scheme can use a savings account to receive the benefit. A savings account
can help secure your money whilst earning interest at the same time. You can open a
61 | P a g e
savings account with any bank, including IDFC FIRST Bank. IDFC FIRST Bank allows
you to open a savings account online using the mobile banking app. The process is
easy, convenient, and fast.
 DBT scheme work

The DBT scheme is valuable to the Indian Government as it improves transparency and
productivity. It has helped deliver subsidies to over 43 crore beneficiaries, who have
together received more than ₹1.40 lakh crore in their accounts.
The DBT process begins with the Government recognising the beneficiaries. Individuals
in need or those who have contributed exceptionally to their fields are eligible for the
benefit. Once the candidates have been recognised, their IDs are needed. However,
this stage of the process is easy, as the Government has access to the Aadhaar card of
every registered citizen of India.
With the help of the Aadhaar cards, the contact number and bank details of the
beneficiaries are retrieved. After intimating the candidates on their selection, the funds
are directly transferred to their bank accounts.
 Benefits of the DBT scheme
 The DBT scheme prevents fraud. The Government sends the funds straight to the
beneficiaries‘ account, which removes the possibility of fraud through a middleman.
 The beneficiaries can be recognised with the use of their Aadhaar number. Because
Aadhaar is a universal ID, the Government can easily verify the beneficiaries using their
Aadhaar details.
 DBT promotes accountability in subsidy distribution. As a result, it aids in the elimination

of inconsistency and delay in payments.
 DBT aids in the distribution of subsidies to deserving applicants living below the poverty
level. It helps the Government reach out to the intended beneficiaries with ease.
62 | P a g e
 The scheme eliminates pilferage in the distribution of money and reduces the misuse of
public funds.
 DBT is a powerful transaction and settlement technology that works with multiple
organisations.
 DBT has proven to be an effective technique for connecting with people to distribute
relief funds.
Investment Solutions – Equity Schemes
An open-ended mutual fund scheme that predominantly invest in equities, arbitrage, derivatives and
debt securities to generate returns is known as Equity Savings Fund. This new mutual fund category
was launched recently, under the classification Hybrid Mutual Funds. It aims to provide investors an
opportunity that is relatively safer than other equity schemes and qualifies for taxation rules for
equity mutual funds.
It invests in equities and derivative strategies to keep the equity exposure of the fund at 65%, and
the rest is allocated to fixed income securities. This makes these funds a better alternative to fixed
deposits, as the latter is taxed according to income slab of investor, whereas the former is taxed at
10% if the holding period exceeds 1 year.
 Features of Equity schemes
 Offers quality returns

Equity Savings Fund have given consistent returns over the past few years, with less
uncertainty. Use of arbitrage, which involves capitalizing on price fluctuation of
securities in different markets, is one of the dominant strategies used by these funds
to generate returns. Consistent returns in the short term makes them a perfect
investment avenue for investors looking to park their money for a short duration.
 Moderate Risk Exposure of the Portfolio

The investment portfolio of Equity Savings Fund consists of equity and debt
securities, and arbitrage opportunities. The portfolio has appropriate allocation to
these three financial instruments as per the market sentiment, which mitigates
market risk, associated with the equity investment. If the fund manager foresee any
63 | P a g e
market correction in the near future, s/he can reduce the equity allocation of the
portfolio in order to contain losses effectively, and keep the risk exposure of the
portfolio at a moderate level.
 Tax-Efficient
Equity Savings Fund are more tax-efficient when compared to debt mutual funds.
While the former is eligible for equity taxation rules, the latter is imposed with debt
taxation rules, wherein the tax is comparatively higher. Higher returns compared to
debt funds, and almost equal risk exposure, and better tax efficiency, make equity
savings funds a good alternative to debt mutual funds.
 Who should invest in Equity scheme:
 Since the launch, this fund type has gained extreme popularity among the investors
who were looking for a low-risk equity scheme. Equity Savings Fund is a secure
investment avenue with returns comparable to that from equity schemes.
 Investors who have a short term investment horizon and want amplified returns to
increase their wealth should opt for Equity Savings Fund. As these funds carry low-
risk, they‘re suitable for conservative investors who want an investment instrument
like bank fixed deposits to earn returns
 Also, Equity Savings Fund are suitable for short term investment, not long term
wealth creation. For instance, if you are near your retirement age and want to create
a corpus during your retirement, you can invest in these funds for that purpose. It is
to be noted that Equity Savings funds are not a good substitute for pure equity funds,
as the latter yields better returns in the long run.
retirement solution/schemes
Retirement Scheme
means agreements or arrangements (whether legally enforceable or not) for the payment
of any pensions, allowances, lump sums or other like benefits on retirement or on death or
during periods of sickness or disablement for the benefit of any present or former director,
64 | P a g e
officer or employee of any Group Company or for the benefit of the dependents of any such
persons
 Examples of Retirement Scheme
It is a condition of the Early Retirement Scheme that with the exception of the situations set
out in paragraphs 10.2 and 10.3 of the relevant circular documentation, and with those
exceptions only, if a teacher accepts early retirement under Strands 1, 2 or 3 of this scheme
and is subsequently employed in any capacity in any area of the public sector, payment of
pension to that person under the scheme will immediately cease.
Any significant development in Human Resources/ Industrial Relations front like signing of
wage agreement, implementation of Voluntary Retirement Scheme etc.
 Related to Retirement Scheme
Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings
Plan, as amended from time to time, together with any similar, succeeding or substitute
plan. Retirement Plan means a plan which provides retirement benefits to you and which is
not funded wholly by your contributions. The term shall not include a profit-sharing plan,
informal salary continuation plan, registered retirement savings plan, stock ownership plan,
401(K) or a non-qualified plan of deferred compensation. Retirement Plans means the
retirement income, supplemental executive retirement, excess benefits and retiree medical,
life and similar benefit plans providing retirement perquisites, benefits and service credit for
benefits at least as great in the aggregate as are payable thereunder prior to a Change in
Control; Normal Retirement means retirement from active employment with the Company
or any Subsidiary on or after age 65. Profit Sharing Plan means a profit-sharing plan that is
qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the
Employee Retirement Income Security Act, and which provides for employer contributions in
the form of cash, but not in the form of stock or other equity interests in a Medical
Marijuana Business. SERP has the meaning assigned thereto in Section 5(c) hereof. personal
65 | P a g e
pension scheme means a personal pension scheme which-- Plan Benefit means the benefit
payable to a Participant as calculated in Article V. Retirement Benefits means benefits paid
by reference to reaching, or the expectation of reaching, retirement or, where they are
supplementary to those benefits and provided on an ancillary basis, in the form of payments
on death, disability, or cessation of employment or in the form of support payments or
services in case of sickness, indigence or death. In order to facilitate financial security in
retirement, these benefits may take the form of payments for life, payments made for a
temporary period, a lump sum, or any combination thereof; Qualifying Retirement means
the Employee’s voluntary termination of employment after the Employee has (i) attained (X)
age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time
employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such
Years of Service of the Employee equals at least seventy-five (75), and (ii) previously
delivered a written notice of retirement to the Partnership and on the date of retirement the
Employee has satisfied the minimum applicable advance written notice requirement set
forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or
younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the
foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of
Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee
intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age
fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a
Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59)
after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight
(58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates
employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60)
would constitute a Qualifying Retirement. Normal Retirement Age means age 65.
Supplemental Retirement Income Benefit means an annual amount (before taking into
account federal and state income taxes), payable in monthly installments throughout the
Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of
66 | P a g e
determining the Contributions to be made to the Retirement Income Trust Fund (or
Phantom Contributions to be recorded in the Accrued Benefit Account). The annual
Contributions and Phantom Contributions have been actuarially determined, using the
assumptions set forth in Exhibit A, in order to fund for the projected Supplemental
Retirement Income Benefit. The Supplemental Retirement Income Benefit for which
Contributions (or Phantom Contributions) are being made (or recorded) is set forth in
Exhibit A. Pension Scheme means any scheme or other arrangement which: Supplemental
Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive
Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the
Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s
Defined Contribution Restoration Plan. Health benefits plan means a benefits plan which
pays or Retirement Eligible means that the Participant has either attained age 60 and
completed 10 years of Service as an Employee or attained age 65 and completed five years
of Service as an Employee. Retirement Age means the earlier to occur of: Savings Plan or
"plans" means a plan that provides different investment strategies and allows account
distributions for qualified higher education expenses. Retirement fund means the
"Washington law enforcement Qualifying Employee means any employee of Managing
Agent or Parent or any of their respective subsidiaries who is and has been an employee of
Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36)
months. Salaried Employee means any salaried employee of the Company or of any Affiliate.
Retirement board or "board" means the retirement system's governing board provided for
in 2-15-1010. Retirement system means a retirement plan or system that is established by or
pursuant to title 38. Retirement means voluntary termination by the Executive in accordance
with the Employers' retirement policies, including early retirement, generally applicable to
their salaried employees. Normal Retirement Benefit means the benefit described in Section
2.1. Superannuation Scheme in this subclause, shall mean a scheme other than one
implemented solely for purposes of compliance with Clause 49. - Superannuation of this
award, or an Order of the Western Australian Industrial Relations Commission.
67 | P a g e
Child Planning Solutions/Schemes
A child education plan is designed to help children follow their educational pursuits
in whichever field they choose. These plans come with a life cover and opportunities
to maximize savings on the payment of due premiums. The lump-sum amount at the
end of the policy term ensures that neither you nor your kid struggles for capital
when it comes to financing higher education.
There are a number of options for you to look at when it comes to saving for your
child’s secure future. The following table compares three different types of savings
avenues.
 Significance Of Insurance For Children
Insurance for children should not be overlooked given the uncertainty of life. Children
are dependent on adults to feed them and finance their educational pursuits, among
other needs. On the death of a parent, a child should not be made to struggle for funds
to survive and access the basic level of care and education. This is why insurance for
children is a must if you are a parent.
 Are Child Plans Tax Free?
In addition to the death benefit and the annual income benefit, insurance buyers
often look for tax saving avenues. It is noteworthy that child plans come with tax
benefits like any other insurance scheme. Policyholders can claim deductions on their
taxable income through such policies under Sections 80C, 10(10D), and 80DD of the
Income Tax Act, 1961. Note that all the proceeds including death and maturity
benefits from a child plan are entirely tax free.
68 | P a g e
 Tax Benefits on Child Insurance Plan
Sections of the Income Tax Benefits

Tax Act, 1961
Section 80C  Premiums paid against a child plan are eligible for tax deductions.
 One can claim deductions up to Rs. 1.5 Lakhs from their taxable income.
 One can claim reduction of up to Rs. 1 Lakh on their child’s tuition fees.*
Section 10(10D)  All the proceeds, including maturity benefit, death benefit, and income benefit from
a child plan are completely tax-free.
Section 80DD  This applies to parents of children with critical illnesses or special needs.
 Deductions of up to 33% can be claimed against child treatment related expenses.
 Deductions up to 40% and 80% can be claimed against expenses related to minor and
major disabilities, respectively.
Section 80E  Interest paid towards a loan for a child’s higher education is tax deductible.
Tax Saving Solutions/Schemes/ELSS
As the name suggests, Equity Linked Saving Scheme or ELSS is a type of mutual fund scheme
that primarily invests in the stock market or Equity. Investments of up to 1.5 Lac done in ELSS
Mutual Funds are eligible for tax deduction under section 80C of the Income Tax Act. The
advantage ELSS has over other tax Saving instruments is the shortest lock-in period of 3 years.
This means you can sell your investment only after 3 years, from the date of purchase! However
to maximise returns from ELSS funds, it is recommended to keep your investments intact for the
maximum duration possible. If you have an ELSS SIP (Systematic Investment Plan), each
instalment has a lock-in period of three years, which means each of your instalments will have a
different maturity date.
work of ELSS Mutual funds
69 | P a g e
ELSS Funds are diversified equity funds. These funds primarily invest in stocks of listed
companies in a specific proportion according to the investment objective of the fund. The stocks
are chosen from across market capitalisation (Large Caps, Mid Caps, Small Caps) and industry
sectors. These funds aim to maximise capital appreciation over the long run. The fund manager
picks stocks after conducting an in-depth market research to deliver optimal risk-adjusted
portfolio returns.
 ELSS Tax Benefits

Investments made in an ELSS fund are eligible for tax benefits under Section 80C of the
Income Tax Act, 1961. While there is no upper limit to the amount that can be invested,
a maximum of Rs. 1.5 lakh is eligible for a tax deduction as per the Income Tax rules
and save up to ₹46,800 a year as tax amount
. Who Should Invest in ELSS Mutual Funds
 Salaried Individuals:
When you are a salaried employee, there is a certain amount that goes towards
Employee Provident Fund (EPF) which is a fixed income product. If one wants to
balance out risk & return on their investment portfolio then ELSS is the best option. In
addition to the upside of extraordinary returns, investments in ELSS are also eligible for
tax deduction under section 80C. While Unit Linked Insurance Plans (ULIPs) and the
National Pension Scheme (NPS) also do the same, they have a higher lock-in period &
lesser potential of returns. For instance, ULIPs have a lock-in period of five years. NPS
is more of a retirement solution with partial exposure to equity and the invested amount
is locked till the age of 60 years. With an ELSS fund, you have the shortest lock-in
period of only three years.
 First time investors:
If you are a new investor, ELSS is an ideal choice, since in addition to tax benefits you
get a flavour of equity investing and mutual funds. Yes, equity investments do carry a
higher risk, but that is generally over the short term. If you invest for more than five
years, the risk is much lower. Like all equity investments, the best way is to start
investing in monthly SIPs through the year. SIP in a ELSS fund helps you to accumulate
more units when the market is in red and generate exceptional returns when the
markets are favourable.
Things To Consider Before Investing in ELSS Funds
 ``
70 | P a g e
Fund returns:
Before you go for a fund, compare the fund performance with its competitors & benchmark
to know if it has shown consistent performance in the past. If a fund outperforms its
benchmark or competitors, then the fund delivers high returns.
 History of fund house:

It is recommended to choose fund houses that have performed consistently over a long
period, say about five to 10 years.
 Expense ratio:
The expense ratio depicts how much of your investment goes towards managing the fund.
If a fund has a lower expense ratio, it means you can have higher take-home returns - so
it's always better to go for such funds.
 Financial parameters:
You can also consider several parameters such as Standard Deviation, Sharpe Ratio,
Alpha and Beta to analyse the performance of a fund. A fund with a higher standard
deviation and beta is more risky than one with a lower deviation and beta. Choose funds
with a higher Sharpe ratio.
 Fund manager:
The fund manager is another factor to consider, because he / she is the person who plays
a key role in management of your funds. The fund manager must be competent and must
have great experience in picking the right stocks and creating a strong portfolio.
 Advantages of ELSS Mutual Funds

 Shortest lock-in:
ELSS has the shortest lock-in period of three years. Tax-saving fixed deposits have a five-
year lock-in, while PPF has a 15-year maturity. All in all, ELSS offers more liquidity in the
medium term.
 Potentially higher returns:

Unlike ELSS where return is market linked, other 80C investments like PPF or FDs are
fixed income products. ELSS has the potential to generate significantly higher wealth in a
medium to long-term investment horizon.
 Better post-tax returns:

Long Term Capital Gains from ELSS are tax free up to limit of ₹1 lac. Gains over 1 lac
attracts a tax rate of just 10%. Lower tax rates, coupled with higher returns ensure the best
post tax returns.
 Regular investing is hassle-free and convenient:

It is easy to invest in ELSS funds through a monthly SIP.
71 | P a g e
 Tax Implications on ELSS
Capital gains from ELSS get the same treatment in Income Tax Calculation as rest of
the Equity Instruments. Short term capital gains (STCG) attract a tax of 15%, while Long
Term Capital gains (LTCG) are only taxable if the gains exceed ₹1 lac during the
financial year. LTCG attract a tax of 10% on the amount exceeding ₹1 lac.
 Ways to Invest in ELSS Funds
 Growth option:
When you go for the growth option, you will not receive benefits in the form of dividends. As
an investor, you will get the gains only at the time of redemption - this helps to appreciate
the total NAV and thus, the profits multiply. There‘s one thing to keep in mind - the returns
are subject to market risk.
 Dividend option:
Under this option, an investor gets benefits from time to time in the form of dividends, which
are completely tax-free. The dividend is declared only when there are excessive profits,
over and above.
 Dividend Reinvestments option:

This is an option under which an investor reinvests the dividends received to add to the
NAV. This works well, particularly when the market is witnessing an upswing and is likely to
continue the same way.
Work Life Balance
 Meaning
Work life balance is a method which helps employees of an organization to balance their
personal and professional lives. Work life balance encourages employees to divide their time on
the basis on priorities and maintain a balance by devoting time to family, health, vacations etc.
along with making a career, business travel etc.
It is an important concept in the world of business as it helps to motivate the employees and
increases their loyalty towards the company.
72 | P a g e
 Importance of work life balance
Working on a job for a company and making a career can be an extremely time
consuming duty for any employee. Employees are busy at their offices throughout the
day and sometimes even on weekends. This gives them very little time to interact with
their family. Because of high pressure of work, often family members get neglected.
Also, stressful jobs cause the health of employees to deteriorate. This is where work life
balance come into the picture. Work life balance concept allows an employee to
maintain a fine balance in the time he or she gives to work as well as to personal
matters. By having a good balance, people can have a quality of work life.
This helps to increase productivity at workplace as the employee is relaxed about his
personal commitments. It also allows the employee to give quality time with family to
spend vacations, leisure time, work on his/her health etc. Hence work life balance is
extremely important for employees and increases their motivation to work for the
company.
The below image depicts a work life balance scenario, where an employee has to
balance his/her life between personal (family, friends & self) and professional (job,
career) commitments.
73 | P a g e
 5 Steps to improve work life balance
There are specific guidelines to how an individual can maintain a proper work life
balance, some of which are:
1. Creating a work leisure plan
Where an individual has to schedule his tasks, and divide time appropriately so that he
has allocated appropriate time to his work and his career development goals and at the
same time allotted time for leisure and personal development. Employees also use a
compressed work week plan to build a balance.
2. Leaving out activities that waste time and energy
Individual should judiciously avoid wasteful activities which demand large time and
energy and in return not produce output for either the work life or the leisure life.
Effective time management can help an employee be less stressed.
3. Outsourcing and Delegating work
Delegate or outsource time consuming work to other individuals. It serves two purposes, first the
work gets done and the other is person can focus on other things which may align more with
skills and knowledge and may be less stressful.
It also helps grooming the other employees.
4. Set enough time for relaxation
Relaxation provides better work life balance, and tends to improve productivity on the
professional or the work front along with providing ample scope to develop the life part of the
balance.
5. Prioritizing work
Often employees do not give priority to work and end up doing a lot of work at the last minute.
Better planning can help employees save unnecessary time delays, which can be utilized by
employees for personal work.
 Benefits of work life balance

There are several advantages of work life balance. Some of them are listed below:
74 | P a g e
1. Work life balance increases the motivation of employees and helps them perform
better at job
2. It helps people to relieve their stress as they can spend leisure time with their near
and dear ones
3. Companies can maximise productivity from an employee who is rejuvenated and

refreshed as compared to a over worked employee
4. Healthy lifestyles can be maintained by having a work life balance. This includes a
good diet, regular exercises etc.
5. Employees who are highly motivated can help the business grow as they are more
attached to their job and careers
 Work life Balance Examples

These days many companies and people prioritize work life balance. Some of the
examples through which this is happening is Work from Home, flexible work timings,
sufficient leaves for vacation and family care. Also sabbatical leaves are offered these
days.
Another example is offering people option to move in a different career path which
aligns more with the skills and aspirations.
 important of work-life balance
In short, work-life balance is the state of equilibrium where a person equally prioritizes
the demands of one‘s career and the demands of one‘s personal life. Some of the
common reasons that lead to a poor work-life balance include:
 Increased responsibilities at work

 Working longer hours
 Increased responsibilities at home
 Having children
75 | P a g e
A good work-life balance, said Chris Chancey, career expert and CEO of Amplio
Recruiting, has numerous positive effects, including less stress, a lower risk
of burnout and a greater sense of well-being. This not only benefits employees but
employers, too.
―Employers who are committed to providing environments that support work-life balance
for their employees can save on costs, experience fewer cases of absenteeism, and
enjoy a more loyal and productive workforce,‖ said Chancey. Employers that offer
options as telecommuting or flexible work schedules can help employees have a better
work-life balance.
When creating a schedule that works for you, think about the best way to achieve
balance at work and in your personal life. Chancey said that work-life balance is less
about dividing the hours in your day evenly between work and personal life and,
instead, is more about having the flexibility to get things done in your professional life
while still having time and energy to enjoy your personal life. There may be some days
where you work longer hours so you have time later in the week to enjoy other
activities.
Here are eight ways to create a better work-life balance, as well as how to be a
supportive manager.
1. Accept that there is no ‗perfect‘ work-life balance.
When you hear ―work-life balance,‖ you probably imagine having an extremely
productive day at work, and leaving early to spend the other half of the day with friends
and family. While this may seem ideal, it is not always possible.
Don‘t strive for the perfect schedule; strive for a realistic one. Some days, you might
focus more on work, while other days you might have more time and energy to pursue
your hobbies or spend time with your loved ones. Balance is achieved over time, not
each day.
76 | P a g e
―It is important to remain fluid and constantly assess where you are [versus] your goals
and priorities,‖ said Heather Monahan, founder of the career mentoring
group, #BossinHeels. ―At times, your children may need you, and other times, you may
need to travel for work, but allowing yourself to remain open to redirecting and
assessing your needs on any day is key in finding balance.‖
2. Find a job that you love.
Although work is an expected societal norm, your career shouldn‘t be restraining. If you
hate what you do, you aren‘t going to be happy, plain and simple. You don‘t need to
love every aspect of your job, but it needs to be exciting enough that you don‘t dread
getting out of bed every morning.
Monahan recommended finding a job that you are so passionate about you would do it
for free. ―If your job is draining you, and you are finding it difficult to do the things you
love outside of work, something is wrong,‖ said Monahan. ―You may be working in a
toxic environment, for a toxic person, or doing a job that you truly don‘t love. If this is the
case, it is time to find a new job.‖
3. Prioritize your health.
Your overall physical, emotional and mental health should be your main concern. If you
struggle with anxiety or depression and think therapy would benefit you, fit those
sessions into your schedule, even if you have to leave work early or ditch your evening
spin class. If you are battling a chronic illness, don‘t be afraid to call in sick on rough
days. Overworking yourself prevents you from getting better, possibly causing you to
take more days off in the future.
―Prioritizing your health first and foremost will make you a better employee and person,‖
said Monahan. ―You will miss less work, and when you are there, you will be happier
and more productive.‖
Prioritizing your health doesn‘t have to consist of radical or extreme activities. It can be
as simple as daily meditation or exercise.
77 | P a g e
4. Don‘t be afraid to unplug.
Cutting ties with the outside world from time to time allows us to recover from weekly
stress and gives us space for other thoughts and ideas to emerge. Unplugging can
mean something simple like practicing transit meditation on your daily commute, instead
of checking work emails.
Monahan said when she used to travel with her boss for work, she‘d look over to find
him reading a novel while she would be doing something work-related.
―I didn‘t understand at the time that he was giving himself a break and decompressing
while I was leading myself to a potential burnout,‖ said Monahan.
Now, Monahan practices the same tactics. She reiterated that taking that time to unwind
is critical to success and will help you feel more energized when you‘re on the clock.
5. Take a vacation.
Sometimes, truly unplugging means taking vacation time and shutting work completely
off for a while. Whether your vacation consists of a one-day staycation or a two-week
trip to Bali, it‘s important to take time off to physically and mentally recharge.
According to the State of American Vacation 2018 study conducted by the U.S. Travel
Association, 52% of employees reported having unused vacation days left over at the
end of the year. Employees are often worried that taking time off will disrupt the
workflow, and they will be met with a backlog of work when they return. This fear should
not restrict you from taking a much-needed break.
―The truth is, there is no nobility in not taking well-deserved time away from work; the
benefits of taking a day off far outweigh the downsides,‖ said Chancey. ―With proper
planning, you can take time away without worrying about burdening your colleagues or
contending with a huge workload when you return.‖
78 | P a g e
6. Make time for yourself and your loved ones.
While your job is important, it shouldn‘t be your entire life. You were an individual before
taking this position, and you should prioritize the activities or hobbies that make you
happy. Chancey said that achieving work-life balance requires deliberate action.
―If you do not firmly plan for personal time, you will never have time to do other things
outside of work,‖ said Chancey. ―No matter how hectic your schedule might be, you
ultimately have control of your time and life.‖
When planning time with your loved ones, create a calendar for romantic and family
dates. It may seem weird to plan one-on-one time with someone you live with, but it will
ensure that you spend quality time with them without work-life conflict. Just because
work keeps you busy doesn‘t mean you should neglect personal relationships.
―Realize that no one at your company is going to love you or appreciate you the way
your loved ones do,‖ said Monahan. ―Also [remember] that everyone is replaceable at
work, and no matter how important you think your job is, the company will not miss a
beat tomorrow if you are gone.‖
7. Set boundaries and work hours.
Set boundaries for yourself and your colleagues, to avoid burnout. When you leave the
office, avoid thinking about upcoming projects or answering company emails. Consider
having a separate computer or phone for work, so you can shut it off when you clock
out. If that isn‘t possible, use separate browsers, emails or filters for your work and
personal platforms.
Additionally, Chancey recommended setting specific work hours. ―Whether you work
away from home or at home, it is important to determine when you will work and when
you will stop working; otherwise, you might find yourself answering work-related emails
late at night, during vacations or on weekends off,‖ said Chancey.
79 | P a g e
Chancey advised notifying team members and your manager about boundaries beyond
which you cannot be accessible because you are engaged in personal activities. This
will help to ensure that they understand and respect your workplace limits and
expectations.
8. Set goals and priorities (and stick to them).
Set achievable goals by implementing time-management strategies, analyzing your to-

do list, and cutting out tasks that have little to no value.
Pay attention to when you are most productive at work and block that time off for your
most important work-related activities. Avoid checking your emails and phone every few
minutes, as those are major time-wasting tasks that derail your attention and
productivity. Structuring your day can increase productivity at work, which can result in
more free time to relax outside of work.
80 | P a g e
Questionnaire on Work Life Balance
Questionnaire on Work Life Balance

1) Age:-
2) Gender: - Male/ Female
3) Designation:-
4) Nature of Org: - IT/ITES
5) How many days in a week do you normally work?

a) Less than 5 days
b) 5 days
c) 6 days
d) 7 days
6) How many hours in a day do you normally work?

a) 7-8 hours
b) 8-9 hours
c) 9-10 hours
d) 10-12 hours
e) More than 12 hours
7) How many hours a day do you spend traveling to work?

a) Less than half an hour
b) Nearly one hour
c) Nearly two hours
d) More than two hours
8) Do you work in shifts?

a) General shift/day shift
b) Night shift
81 | P a g e
c)Alternative
9) I) Are you married?

a) Yes
b)No
II) If yes, is your partner employed?

a) Yes
b) No
10) I) Do you have children?

a) Yes, no. of children____________.
b)No
II) Being an employed man/woman who is helping you to take care of your
children?
a) Spouse
b) In-laws
c) Parents
d) Servants
e) Crèche/day care centers
III) How many hours in a day do you spend with your child/children?
a) Less than 2 hours
b) 2-3 hours
c) 3-4 hours
d) 4-5 hours
IV) Do you regularly meet your child/children teachers to know how your child is
progressing?
82 | P a g e
a) Once in a week
b) Once in two weeks
c) Once in month
d) Once in 6 months
e) Once in a year.
11) I) Do you take care of?

a) Older people
b) Dependent adults
c) Adults with disabilities
d) Children with disabilities
e) none
II) If yes, how many hours do you spend with them?

a) Less than 2 hours
b) 2-3 hours
c) 3-4 hours
d) 4-5 hours
12) Do you generally feel you are able to balance your work life?
a) Yes
b) No
13) How often do you think or worry about work (when you are not actually at
work or traveling to work)?
a) Never think about work
b) Rarely
c) Sometimes
d) Often
e) Always
83 | P a g e
14) How do you feel about the amount of time you spend at work?
a) Very unhappy
b) Unhappy
c) Indifferent
d) Happy
e) Very happy
15) Do you ever miss out any quality time with your family or your friends because
of pressure of work?
a) Never
b) Rarely
c) Sometimes
d) Often
e) Always
16) Do you ever feel tired or depressed because of work?

a) Never
b) Rarely
c) Sometimes
d) Often
e) Always
17) How do you manage stress arising from your work?

a) Yoga
b) Meditation
c) Entertainment
d) Dance
e) Music
f) Others, specify_________.
84 | P a g e
18) I) Does your company have a separate policy for work-life balance?
a) Yes
b) No
c) Not aware
II) If, yes what are the provisions under the policy?
a) Flexible starting time
b) Flexible ending time
c) Flexible hours in general
d) Holidays/ paid time-off
e) Job sharing
f) Career break/sabbaticals
g) Others, specify________.
19) Do you personally feel any of the following will help you to balance your work
life?
a) Flexible starting hours
b) Flexible finishing time
c) Flexible hours, in general
d) holidays/paid time offs
e) Job sharing
f) Career break/sabbaticals
g) time-off for family engagements/events
h) Others, specify_________
20) Do any of the following hinder you in balancing your work and family
commitments?
a) Long working hours
b) Compulsory overtime
c) Shift work
d) meetings/training after office hours
85 | P a g e
e) Others, specify_________________
21) Do any of the following help you balance your work and family commitments?
a) Working from home
b) Technology like cell phones/laptops
c) Being able to bring Children to work on occasions
d) Support from colleagues at work
e) Support from family members
f) Others, specify___________.
22) Do any of the following hinder you in balancing your work and family
commitments?
a) Technology such as laptops/cell phones
b) Frequently traveling away from home
c) Negative attitude of peers and colleagues at work place
d) Negative attitude of supervisors
e) Negative attitude of family members
c) Others, specify___________
23) Does your organization provide you with following additional work provisions?
a) Telephone for personal use
b) Counseling services for employees
c) Health programs
d) Parenting or family support programs
e) Exercise facilities
f) Relocation facilities and choices
g) Transportation
h) Others, specify______________.
24) Does your organization encourage the involvement of your family members in
work- achievement reward functions?
86 | P a g e
a) Yes, specify the name of such program__________
b) No
25) Does your organization have social functions at times suitable for families?
a) Yes, specify the name of such programs____________
b) No.
26) Does your organization provide you with yearly Master health check up?
a) Yes
b) No
27) Do you suffer from any stress-related disease?

a) hypertension
b) obesity
c) diabetes
d) frequent headaches
e) none
f) Others, specify______.
28) I) Do you take special initiatives to manage your diet?

a) Yes
b) No
II) What is your preference for food?
a) Carrying home made food

b) Dieting on vegetables and fruits
c) Choosing less calorific food
d) Choosing organic food
e) Food from the organizations cafeteria
f) Spicy/Junk food
87 | P a g e
g) Others, specify__________.
III) How often will you have refreshment drinks/snacks in a day?]

a) None
b) Once
c) Twice
d) Thrice
e) More than three times
29) I) Do you spend time for working out?

a) Yes
b) No
II) If yes, how many hours?

a) less than half an hour
b)half an hour
c) half an hour to one hour
d) more than 1 hour
III) Where do you usually prefer to do your workouts?

a) In your organizations health centers
b) Residence
c) Nearby Gym
d)Walking
e) Others, specify_____________.
30) Do you feel work life balance policy in the organization should be customized
to individual needs?
a) Strongly agree
b) Agree
c) Indifferent
88 | P a g e
d) Disagree
e) Strongly disagree
31) Do you think that if employees have good work-life balance the organization
will be more effective and successful?
a) Yes
b) No
If so how?
__________________________________________________________________
____________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
____________________________________
Thank You for your time.
Name:
Mobile No:
Name of your Organization:
89 | P a g e

Deepshikha Sinha Report Card

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Deepshikha Sinha Report Card

Uploaded by

Copyright:

Available Formats

A

Summer Training Project Report

Submitted for partial fulfillment of requirement for the award of

Master of business Administration

Supervision By: Submitted By:

To the based of the my knowledge the report

(signature of supervisor) (signature of co-ordinator)

Signature of the guide

In successfully completing this project, many people have helped me. I

( Signature of the student)

Roll no. 20MBA01044

Sr no. Title Page No.

 Types of Mutual Fund Schemes: By 23-28

 Features Of Mutual Funds 28-33

 Income Tax Benefit 34-36

 Regulates Mutual Fund In India 36-37

 Invest In Mutual Fund 37-43

 Modes Of Investment In Mutual Funds 43-44

 Category Of Mutual Fund 56-57

 Segment Of Mutual Fund 57-58

 Offer Document 58-59

 Nomination & Legal Heir 59-60

2. IDFC MUTUAL FUND 61-72

 Saving solutions – debt schemes 61-63

3. Work Life Balance 72-89

 Important Of WLB 75-80

1. A bull market for both stocks and bonds,

TYPES OF MUTUAL FUND

II. Industry Or Sector Funds

IV. International, Global And Emerging Market Funds

Other Mutual Funds :

An index fund is a type of mutual fund whose holdings match or track a

This catch-all category of funds includes hedge funds, managed futures,

Types Of Mutual Funds By Company Size :

Types Of Mutual Funds Are:

 Based on company size, large, mid, and small cap

Stocks from international firms.

Stocks from firms involved in real estate such as builder, supplier,

This fund would invests according to non-economic guidelines. Funds

Bonds or Preferred stock which may be converted into common stock.

 Mutual funds of mutual funds

 Exchange traded funds (ETFs)

Baskets of securities (stocks or bonds) that track highly recognized

Types Of Mutual Fund By Structure:

Even if some unit-holders exit from the scheme, whether entirely or

Post-NFO, the mutual fund makes arrangements for the units to be

However, investing in a close-ended scheme or seeking premature exit

Before choosing a suitable mutual fund scheme based on its structure,

Types of Mutual Fund Schemes: By Investment

1. Growth / Equity Oriented Schemes

Investing through index funds is a passive investment strategy, as a fund’s performance

2. Income / Debt Oriented Scheme

They invest only in government securities and T-bills—instruments on which repayment

 The ‘risk’ in debt funds

namely credit risk, interest rate risk and liquidity risk.

 Interest rate risk:

4. Money Market or Liquid Fund

Features Of Mutual Funds

job in promoting the new way of investing.

money along with the other investments.

 Open-Ended And Close-Ended Funds

 Lump Sum And SIP Investment

These funds also provide you with an option of investing regularly.

SIP is very similar to recurring deposit.