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SIP Report Project On

“A GLOBALLY PROVEN INVESTMENT AVENUE AND AWRENESS OF

MUTUALFUNDS”

Submitted to

LJ Institute of management Ahmedabad

In Partial Fulfilment of the
Requirement to the Award for Degree
of
Master of Business Administration
In
LJ Institute of management
(Under the guidance of)
Dr.Sweety Shah
LJ Institute of management Studies

LJ University

Ahmedabad

Submitted by

Name Parth
Upadhyay
EnrolmentNo. 22003400310463

Batch 2022-24
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 TABLE OF CONTEN

• INTRODUCTION

• OFFER LATTER

• CERTIFICATE OF COMPLETION

• STUDENT DECLARATION

• ACKNOWLEDGEMENT

• EXECUTIVE SUMMARY

• INDUSTRY OVERVIEW

• MAJOR PLAYERS

• COMPANY OVERVIEW

• HISTORY

• MISSION & VISION

• MANAGEMENT

• PRODUCTS AND SERVICES

• OVERVIEW OF DIFFERENT DEPARTMENT

• PROJECT OVERVIEW

• TARGET ACHIEVED

• LEARNING FROM THE INTERNSHIP TRAINING PROJECT

• CONCLUSION

• LIMITATIONS

• BIBLIOGRAPHY
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 INTRODUCTION

 Mutual fund is a pool of fund from various investors with a common investment
objective and is managed by an investment professional who invests in different asset
classes to meet the investment objectives.

 Mutual fund constructs multiple schemes with different investment objectives in order
to cater to investors with discrete investment objectives. The primary aim of mutual
fund scheme is to create wealth or earn income by investing in diverse assets.

 Mutual Funds announce mutual fund schemes with definite investment objectives and
seek investment from the investors. Investors invest in the mutual funds schemes
which are in line with their investment objectives. When a mutual fund scheme is
made available for the first time to investors for investment, it is called ‘New Fund
Offer’ (NFO). In an NFO, investors can buy the units at face value. Thereafter,
investors have to buy units at a price called ‘Net Asset Value (NAV).

 Net Asset Value (NAV) of fund :-

The net asset value is the worth of each unit in mutual fund scheme as of any
particular date.
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 OFFER LETTER
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 CERTIFICATE OF COMPLETION
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 STUDENT DECLARATION

I hereby declare that the Summer Internship Project Report titled “In Kotak Mahindra
Mutual Fund, is a result of my own work and my Indebtedness to other work
publications, references, if any, have been duly acknowledged. If I am found guilty of
copying from any other report or published information and showing as my original
work, or extending plagiarism limit, I understand that I shall be liable and punishable by
the university, which may include ‘Fail’ in examination or any other punishment that
university may decide.

Student Name:- Parth Upadhyay

Enrolment Number:- 22003400310463

Signature :-

Date:-

Place:- Ahmedabad
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 ACKNOWLEDGEMENT

 It is a matter of pride and privilege for me to have done a summer internship project in
“Kotak Mutual fund” and I am sincerely thankful to them for providing this
opportunity to me.

 I am thankful to “Mr. MITESH TRIVEDI” for guiding me through this project and
continuously encouraging me. It would not have been possible to complete this
project without his support.
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 EXECUTIVE SUMMARY

 A mutual fund is a scheme in which several people invest their money for a common
financial cause. The collected money invests in the capital market and the money,
which they earned, is divided based on the number of units, which they hold.

 The mutual fund industry started in India in a small way with the UTI Act creating
what was effectively a small savings division within the RBI. Over a period of 25
years this grew fairly successfully and gave investors a good return, and therefore in
1989, as the next logical step, public sector banks and financial institutions were
allowed to float mutual funds and their success emboldened the government to allow
the private sector to foray into this area.

 The advantages of mutual fund are professional management, diversification,

economies of scale, simplicity, and liquidity.

 The disadvantages of mutual fund are high costs, over-diversification, possible tax
consequences, and the inability of management to guarantee a superior return.

 The biggest problems with mutual funds are their costs and fees it include Purchase
fee, Redemption fee, Exchange fee, Management fee, Account fee & Transaction
Costs. There are some loads which add to the cost of mutual fund. Load is a type of
commission depending on the type of funds.

 Mutual funds are easy to buy and sell. You can either buy them directly from the fund
company or through a third party. Before investing in any funds one should consider
some factor like objective, risk, Fund Manager's and scheme track record, Cost factor
etc.

 There are many types of mutual funds. You can classify funds based Structure (open-
ended & close-ended), Nature (equity, debt, balanced), Investment objective (growth.
income, money market) etc.
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 INDUSTRY OVERVIEW

 Basic overview of the industry

Kotak Mahindra Asset Management Company Limited (KMAMC) is a
public limited company registered under the company Act, 1956 on
August 2, 1994. The company is the asset manager of Kotak Mahindra
Mutual Fund (KMMF) and a Subsidiary of Kotak Mahindra Bank Limited
(KMBL).

Kotak Mutual Fund began its operations back in December 1998. It was
the first AMC to offer a dedicated gilt fund for investing solely in
Government securities.

It provides mutual fund and portfolio management services under SEBI

(Mutual Funds) Regulations, 1996 and SEBI.

 What are mutual funds?

A mutual fund is a collective investment vehicle that collects & pools money from a
number of investors and invests the same in equities, bonds, government securities,
money market instruments. The money collected in mutual fund scheme is invested by
professional fund managers in stocks and bonds etc.

 MAJOR PLAYERS

1. SBI Mutual Fund. ₹ 700,990.72 crores

2. HDFC Mutual Fund. ₹ 437,876.34 crores

3. Nippon India Mutual Fund. ₹ 287,827.85 crores.

4. Aditya Birla Sun Life Mutual Fund ₹ 261,232.11 crores

5. Axis Mutual Fund ₹ 226,881.21 crores.

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 COMPANY OVERVIEW

 ABOUT KOTAK MUTUALFUNDS

 Kotak Mahindra is one of India's leading financial institutions, offering complete

financial solutions that encompass every sphere of life. From commercial banking, to
stock broking, to mutual funds, to life insurance, to investment banking, the group
caters to the financial needs of individuals and corporate. The group has a net worth
of Rs.7, 911 corers and employs around 20,000 employees across its various
businesses, servicing around 7 million customer accounts through a distribution
network of 1,716 branches, franchisees and satellite offices across more than 470
cities and towns in India and offices in New York, California, San Francisco, London,
Dubai, Mauritius and Singapore. Kotak Mahindra Asset Management Company
Limited (KMAMC), a wholly owned subsidiary of KMBL, is the Asset Manager for
Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December
1998 and has over 10 Lac investors in various schemes. KMMF offers schemes
catering to investors with varying risk - return profiles and was the first fund house in
the country to launch a dedicated gilt scheme investing only in government securities.
Established in 1985, the Kotak Mahindra group has been one of India's reputed
financial organizations. In February 2003, Kotak Mahindra Finance Ltd, the group's
flagship company was given the license to carry on banking business by the Reserve
Bank of India (RBI). This approval creates banking history since Kotak Mahindra
Finance Ltd. is the first non-banking finance company in India to convert itself in to a
bank as Kotak Mahindra Bank Ltd. The Bank offers comprehensive business
solutions that include Trade Services, Cash Management Service and Credit facilities,
keeping in mind the needs of the business community. Kotak Mahindra Bank has
over 212 branches spread across 124 locations in the country offering both traditional
banking products and investment advisory services. The Bank has the products, the
experience, the infrastructure and most importantly the commitment to deliver
pragmatic, end-to-end solutions that really work.

 HISTORY

Kotak Mutual Fund is a wholly-owned subsidiary of Kotak Mahindra Bank Limited, and was
established in December 1998. In December 2020, it became the first Indian Mutual House to
launch the Global REIT Fund of Fund.
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 MISSION & VISION

Kotak Mutual Fund's vision is, to be a responsible player in the Indian Mutual Fund
space, always striving to offer best in class products across investor lifecycle. It is a part
of the Kotak Mahindra Group.
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 MANAGEMENT

1.Mr. Harsha Upadhyaya :-

Mr. Harsha Upadhyaya manages 5 funds of Kotak Mahindra Mutual Fund. Different plans
shall have a different expense structure. The performance details provided herein are of
regular plan. Kotak Equity Opportunities Fund , Kotak Flexicap Fund, Kotak Tax Saver
Fund, Kotak ESG Opportunities Fund , Kotak Multicap Fund.

2. Mr. Harish Krishnan :-

Mr. Harish Krishnan manages 5 funds of Kotak Mahindra Mutual Fund. Different plans shall
have a different expense structure. The performance details provided herein are of regular
plan. Kotak Bluechip Fund , Kotak Infrastructure & Economic Reform Fund , Kotak
Balanced Advantage Fund , Kotak Focused Equity fund , Kotak Pioneer Fund.
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3.Mr. Pankaj Tibrewal :-

Mr. Pankaj Tibrewal manages 3 funds of Kotak Mahindra Mutual Fund. Different plans shall
have a different expense structure. The performance details provided herein are of regular
plan. Kotak Small Cap Fund , Kotak Emerging Equity Fund , Kotak Equity Hybrid Fund.

4. Mr. Abhishek Bisen :-

Mr. Abhishek Bisen manages 12 funds of Kotak Mahindra Mutual Fund. Different plans
shall have a different expense structure. The performance details provided herein are of
regular plan.Kotak Equity Hybrid Fund , Kotak Debt Hybrid Fund , Kotak Bond Fund
(Regular Plan) , Kotak Gilt Fund (Regular & PF-Trust) , Kotak Equity Savings Fund , Kotak
Gold ETF , Kotak Gold Fund , Kotak Balanced Advantage Fund , Kotak NASDAQ 100
FUND OF FUND , Kotak Multicap Fund.
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5. Mr. Deepak Agrawal :-

Mr. Deepak Agrawal manages 12 funds & All FMPs of Kotak Mahindra Mutual Fund.
Different plans shall have a different expense structure. The performance details provided
herein are of regular plan.Kotak Bond Short Term Fund , Kotak Dynamic Bond Fund , Kotak
Money Market Fund , Kotak Liquid Fund , Kotak Banking and PSU Debt Fund , Kotak
Savings Fund , Kotak Credit Risk Fund , Kotak Medium Term Fund , Kotak Low Duration
Fund , Kotak Corporate Bond Fund , Kotak Overnight Fund All Fixed Maturity Plans in
existence , Kotak Floating Fund.

6. Mr. Devender Singhal :-

Mr. Devender Singhal manages 13 funds of Kotak Mahindra Mutual Fund. Different plans
shall have a different expense structure. The performance details provided herein are of
regular plan. Kotak Debt Hybrid Fund - Growth , Kotak India Growth Fund Series-4 , Kotak
NV20 ETF , Kotak Banking ETF , Kotak Sensex ETF , Kotak Multi Asset Allocator Fund of
Fund – Dynamic , Kotak PSU Bank ETF , Kotak Nifty ETF , Kotak IT ETF , Kotak NIFTY
Next 50 Index , Kotak Equity Savings Fund , Kotak Multicap Fund
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7. Ms. Shibani Kurian :-

Ms. Shibhani Kurian manages 2 funds of Kotak Mahindra Mutual Fund. Different plans shall
have a different expense structure. The performance details provided herein are of regular
plan. Kotak India EQ Contra Fund - Growth , Kotak Focused Equity fund.

8. Mr. Arjun Khanna :-

Mr. Arjun Khanna manages 5 funds of Kotak Mahindra Mutual Fund. Different plans shall
have a different expense structure. The performance details provided herein are of regular
plan. Kotak Global Emerging Market Fund - Growth , Kotak Pioneer Fund , Kotak
International REIT FOF - Growth , Kotak NASDAQ 100 FUND OF FUND & Kotak Global
Innovation Fund of Fund , Kotak Multicap Fund.
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9. Mr. Satish Dondapati :-

Mr. Satish Dondapati manages 9 funds of Kotak Mahindra Mutual Fund. Different plans
shall have a different expense structure. The performance details provided herein are of
regular plan. Kotak NV20 ETF , Kotak Banking ETF , Kotak Sensex ETF , Kotak Nifty
ETF , Kotak PSU Bank ETF , Kotak Gold ETF , Kotak IT ETF , Kotak NIFTY Next 50
Index.

10. Mr. Hiten Shah :-

Mr. Hiten Shah manages 3 fund of Kotak Mahindra Mutual Fund Different plans shall have a
different expense structure. The performance details provided herein are of regular plan.
Kotak Balanced Advantage Fund , Kotak Equity Savings Fund , Kotak Equity Arbitrage
Fund.
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 PRODUCTS / SERVICES :-

 Kotak Mutual Fund is a wholly owned subsidiary of Kotak Mahindra Bank Limited.
It was registered with SEBI in June 1998. The fund house has a large investor base of
over 8.1 million. Based on its quarterly AUM as of Mar 2022, the fund house ranked
the 5th largest amongst all fund houses.
 The fund house has an Asset Under Management (AUM) of Rs2,85,987 crores as of
Feb 28, 2023.

 Kotak Mutual Fund has over 114 mutual fund schemes for investors to choose
fromOut of these, 30 are equity schemes, 70 are debt schemes, and 5 are hybrid
schemes. The others, including commodity schemes, account for the remaining
9Kotak Mutual Fund holds 6.94% of the industry AUM.Some of the schemes with
the highest AUM from Kotak Mutual Fund are Kotak Liquid Fund, Kotak Flexicap
Fund, and Kotak Equity Arbitrage Fund as of 14th April 2023.

 Overview of Kotak different departments :-

1. Banking
2. Investment Banking
3. Stock Broking
4. Alternate Investments
5. Asset Management
6. Life Insurance
7. General Insurance.
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 PROJECT OVERVIEW :-

 Weekly/daily overview of internship activity :-

We used to meet a new customer every day and explain them about mutual funds and ask
them various questions about investments.

 Target achieved/tasks achieved :-

During the internship my task was to get 100 people to download the Kotak Cherry app.
Cherry is an app through which people can Easily invest in stocks, bonds and mutual funds.
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 LEARNINGS FROM THE SUMMER

TRAINING PROJECT :-
1. Learned How to interact with Customers
2. Improve Communication skills.
3. How to put my knowledge and skills into practice.
4. Problem-Solving and Decision-Making Skills.
5. The benefits of taking on feedback.
6. The benefits of networking.
7. I Have Learned So Many Things During The Internship And Gain Some New Knowledge.
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 RESEARCH METHODOLOGY

Research methodology is a tool for obtaining information for the purpose of the subject of the study.

 Data Collection:-
In this research I have used both primary and secondary resources for data collection.

 Primary Sources for data collection:-

 Research Instrument:-

 I had learned in depth knowledge about product and services of Motilal Oswal from the employees of
the organization. They teach us different things about market.
 I have used Telephonic and face to face conversation with people who had login in Motilal Oswal's
website.

 Sample size:-

 In this research I have taken 40 respondents as a sample size.

 I have enclosed questionnaire and data analysis and their interpretation with this report.

 Secondary Sources for data collection:-

Secondary data are those data that have already been collected by someone else and which have already
been passed through the statistical process. In my project report the sources of secondary data are
obtained through:-

 Brochures
 Internet web sites.
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 LIMITATIONS :-
I have learned lots of things about mutual funds and investment in it by
looking into the portfolio of the clients of organization. But I don’t have
any personal experience about investment in mutual funds.
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 CONCLUSION :-
In 45 days of my SIP I came to know that Mutual Fund Investment is beneficial
for every individual. Presently Mutual Fund gives us complete financial
solution and investment tools as per the requirement of individuals. Every
person can choose various mutual fund schemes for their different financial
needs as per their risk profile and financial goals. Mutual Fund Investment is
Wealth Creation tool in long term.
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 BIBLIOGRAPHY :-

www.kotakmf.com

https://groww.in/mutual-funds/amc/kotak-mutual-funds

https://en.wikipedia.org/wiki/Kotak_Mutual_Fund

https://www.moneycontrol.com/mutual-funds/amc-details/KM