Surbhi Fin.

A
PROJECT REPORT
ON
“ACOMPARATIVESTUDYONONETIMEINVESTMENTAND
SYSTEMATICINVESTMENTPLANSINMUTUALFUND”
SUBMITTED TO
AWADHESH PRATAP SINGH UNIVERSITY, REWA (M.P.)
FOR THE AWARD OF
MASTER OF BUSINESS ADMINISTRATION
MBA (SEMESTER-III)
SUBMITTED BY : PROJECT GUIDE
SURBHI SONI PROF. PRADEEP SHUKLA
ACOMARATIVESTUDYONONETIMEINVESTMENTANDSYSTEMATICINVESTMENTPLANSINMUTUALFUNDUNDER
MOTILALOSWALFINANCIALSERVICESLIMITED
1
VINDHYA INSTITUTE OF MANAGEMENT & RESEARCH,
SATNA (M.P.) 2023-24
GUIDE’S CERTIFICATE
This is to certify that SURBHI SONI has satisfactorily completed the Project work on
“A COMPARATIVE STUDY ON ONE TIME INVESTMENT AND SYSTEMATIC
INVESTMENT PLANS IN MUTUAL FUND” under my guidance for the partial
fulfillment of MBA submitted to Awadhesh Pratap Singh University, Rewa
during the academic year 2022-24. To best of my knowledge and belief the matter
presented by him is original work and not copied from any source. Also this
report has not been submitted earlier for the award of any Degree of Awadhesh
Pratap Singh University, Rewa.
Place : Satna PROF. PRADEEP SHUKLA

Date: 26/09/2023 (Project Guide)
SATNA (M.P.)
2023-24
DECLARATION
I undersigned, hereby declare that this project report entitled “A
2
COMPARATIVE STUDY ON ONE TIME INVESTMENT AND SYSTEMATIC
INVESTMENT PLANS IN MUTUAL FUND” prescribed by AWADHESH PRATAP
SINGH UNIVERSITY, REWA during the academic year 2023-24 under the guidance of
PROF. PRADEEP SHUKLA is my original work.
The matter presented in this report has not been copied from any source. I
understand that any such copying is liable to be punishable in any way the
university authorities deem to be fit. Also this report has not been submitted earlier
for the award of any Degree or Diploma of Awadhesh Pratap Singh University, Rewa
or any other University.
This work humbly submitted to Awadhesh Pratap Singh University for the
partial fulfillment of Master of Business Administration.
PLACE: SATNA SURBHI SONI
DATE: 26/09/2023
3
SATNA (M.P.)
2023-24
ACKNOWLEDGEMENT
Whenever we are standing on most difficult step of the dream of our life, we
often remind about The Great God for His blessings & kind help and he always helps
us in tracking off the problems by some means in our lifetime. I feel great pleasure to
present this project entitled “A COMPARATIVE STUDY ON ONE TIME

INVESTMENT AND SYSTEMATIC INVESTMENT PLANS IN MUTUAL FUND”
I am very thankful to my mentor Mr. Neeraj Kumar Relationship Manager of
Motilal Oswal Financial Services Limited Indore, forgiving hisd kind support in my
learning skills, I would like to say Thanks to Honey Jain , Customer Support
Executive of Motilal Oswal Financial Services Limited for her support.
I am grateful to those people who help me a lot in preparation of this project
report. It is their support and blessings, which has brought me to write this project
report. I have a deep sense of gratitude in my heart for them.
I am very thankful to my project guide PROF. PRADEEP SHUKLA for his
wholehearted support and affectionate encouragement without which my successful
project would not have been possible.
Finally, I am very grateful to Mighty God and inspiring parents whose loving
& caring support contributed a major share in completion of my task.
4
SURBHI SONI

SATNA (M.P.)
2023-24
TABLE OF CONTENTS
S.N. Page No.

Contents
1 Introduction of Project 06-13
2 Review of L i terature 14-17
3 18
Objectives
4 Research Methodology 19-20
5 Data Analysis & Interpretation 21-23
6 Findings & Suggestions 24-26
7 27
Limitations
8 28
Conclusion
5
29-30
9 References
10 Annexure
Questionnai
r e
INTRODUCTION:
A mutual fund is a kind of investment that uses money from investors

to invest in stocks, bonds or type of investment. Mutual funds are
usually “open ended” that a new investors can join into the fund at any
time. The income earned through these investments is shared by its unit
holders in proportion to the number of units owned by them. There are
two ways to invest in mutual funds one is through one time investment
that is annual lump sum payment and other is systematic investment
plan (sip). Lump sum investment is a onetime investment which is due
for one year if the investor has a huge disposable amount in hand and
has a higher risk tolerance. They may opt for a lump sum investment.
Systematic investment plan is a investment in which the investor will
invest monthly. So we can make a comparative study of one time
investment and systematic investment plan and conclude which has
more benefits.
INVESTMENT
An investment is possessions or item accomplished with the goal of

generating earnings or recognition. In a Monetary touch, an investment
is the purchase of property that are not exhaust today but are used in
the future to generate wealth. In business, an investment is a fiscal asset
procured with the idea that the asset will provide revenue in the
prospective or will later be disposed at a higher price for a turnout.
MUTUAL FUND
6
A mutual fund is constitute when capital possessed from different
capitalist is invested in company shares, stocks or bonds. Common by
thousands of investors (including you), a mutual fund is driven
concurrently to earn the highest probable returns. The person
compelling this investment vehicle is a qualified fund manager.
TYPES
• Based on asset
• Based on structure
• Based on investment
• Objective
BASED ON STRUCTURE
Open ended
Close ended
Open ended
Open-ended funds are what you experience as a mutual fund. These

funds do not exchange in the open merchandise. They don’t have a
restraint as to how many units they can concern. The NAV revised
daily because of market variations of the shares or stocks and bond
rate in the fund. Open-ended mutual fund units are buy and sell on
need at their Net Asset Value or NAV which is rely on the value of
the fund’s basic securities and is valuated at the end of every trading
day. Investors bought units precisely from a fund. The investments of
the openended fund are estimated at the fair market value which is
7
also the closing market value of listed public securities. These funds
also do not have a rigid maturity period. Close ended
Closed Ended fund issues a rigid number of units that are marketed on
the stock exchange. It operates much more like an exchangetraded
fund than a mutual fund. They are started via NFO to increase money
and then traded in the open market just like a stock. Though the price
of the fund is based on the NAV, the absolute price of the fund is
impressed by supply and demand as it is grants to trade at values
above or below its absolute or real value. Hence, closed-end funds can
market at superior or discounts to their NAVs. Units of closedend
funds are buy and sell by brokers. Closed mutual funds generally
trade at discounts to their basic asset value. These funds have a rigid
maturity period.
BASED ON ASSET CLASS

• Equity fund
• Money market fund
• Debt fund
• Hybrid fund
• Tax saving fund

Equity fund
These funds are lended in equity stock or shares of the companies.
They grant high result, that’s the sense they are desinged as a highrisk
funds.
Money market fund
8
These funds are lender in dissolvable instruments, such as CPs, TBills
etc. They are designed as quite safe investment option, as you get an
existing yet modest return on your investment. They are a perfect
opportunity for investors who need to invest their sufficient funds.
Debt fund
These assets are invested in the debt like government bonds, company
debentures, and fixed income assets. As they generate rigid returns,
they are known to be a secure investment instrument.
Hybrid fund
These types of assets are invested in different asset classes. There are
occasions when the fraction of debt is lower than equity; it could be
alternative way around as well. In this manner, return(s) and risk(s)
drives a perfect balance
Tax saving fund

These funds make investment mainly in the equity shares. Taxsaving
funds arrange an investor eligible to demand tax deductions under the
Income Tax Act. Risk factor evolved in these funds is commonly on
the higher side. At the same time, greater returns are grants if the
funds’ achievement is at par.
BASED ON INVESTMENT OBJECTIVE
Growth fund
9
Liquidity fund
Income fund
Growth fund
These schemes let investors lend their savings in equity stocks. The
purpose behind this is that it provides capital appreciation. Though
these funds are examined to be risky, they are investigated ideal for
investors having an investment timeline that’s long-term.
Liquidity fund
The savings invested in liquid funds is invested mainly in short-term
and at times, very short-term investment instruments like CPs, TBills
etc. with the sole objective of providing liquidity. These schemes are
minimum on the risk factor and they provide modest returns on
investment. These schemes are idle for investors having short-term
investment timelines
Income fund
These schemes let you invest your savings mainly in fixed-income
instruments, such as debentures, bonds etc. They deliver the purpose
of providing proper income and capital protection to the investors.
ONE TIME INVESTMENT PLAN

A lump sum amount is defined as a sole complete sum of money. A
lump sum investment is of the complete amount at one go. Lump
10
sum investment is investigated as one way of investing into mutual
funds. The other approach being that of systematic investment plan,
popularly known as SIP. Usually lump sum investments are
ventured by big players and investors, in stocks especially those
linked to assets that are likely to acknowledge in the long term,
making the investment beneficial except in cases of high volatility.
SYSTEMATIC INVESTMENT PLAN

A definite amount is invested for a continuous period at regular
intervals under this plan. SIP is similar to a routine saving scheme
like a recurring deposit. It is a approach of investing a fixed sum
regularly in a mutual fund. SIP grants the investor to bough units on
a given date every month. The investor determine the amount and
also the mutual fund scheme. While the investor's investment
residues the same, more number of units can be bought in a
refraining market and less number of units in a rising market. The
investor artistically participates in the market swings once the option
for SIP is made.
SIP assures averaging of rupee cost as rational investment ensures that

average cost per unit fits in the lower range of average market price.
A capitalist can either allow postdated cheques or ECS instruction and
the investment will be made routinely in the mutual fund determined
for the required amount. SIP commonly starts at minimum amounts of
Rs.1000/- per month and upper limit for using an ECS is Rs.25000/-
per instruction.
11
KEY DIFFERENCE BETWEEN SIP AND ONE TIME
INVESTMENT PLAN SIP
• Periodic investments in a tenure Earns better during market lows
• SIPs can guard investments from liable market crash
ONE TIME INVESTMENT PLAN

• One-time investment in a tenure (lump sum)
• Earns better during market highs
• One-time investments can direct to major loss during market
crash,which happens oftenenough. Review of Literature:-
1. Subha and Bharathi (2007) determined the performance of

selected 51 scheme of open ended mutual fund using the
measure like Sharpe ratio, Treynor ratio and Jensen differential
measure (1st October 2004 to 30th September 2005) and also
analyzed risk return relationship. 91-days Tbills were used as a
surrogate for risk force rate of return. S&P CNX Nifty index was
used as the benchmark portfolio. The results revealed a mixed
performance of sample schemes during the study period. The
Sharpe ratio indicated good performance by the majority of the
scheme, while in terms of Treynor ratio, only a few schemes
showed good performance. The Jensen's measure alpha was
positive for 98 per cent of the fund indicating thereby that the
funds were generating good returns. The returns of the fund
were found positive and hence it was concluded that the
performance of mutual funds during the period was satisfactory.
12
2. Swaroop and Debasish (2009) studied the performance of
selected schemes of mutual funds based on risk-return
relationship models. A total of 23 schemes offered by six private
sector mutual funds and three public sector mutual funds were
studied (April 1996 to March 2009). The overall analysis
concluded that Franklin Templeton and UTI were being the best
performers and Birla Sun Life, HDFC and LIC mutual funds
indicated below average performance.
3. Kumar (2011) examined the fund's sensitivity to the market

fluctuations in terms of beta and appraised the performance of
mutual funds with regard to risk return adjustment using Sharpe,
Treynor and Jensen Models. BSE National index was used as a
proxy for market index. The riskfree rate of return was taken as
6 per cent per annum and the study was conducted on 20 open
ended schemes launched by selected five mutual funds for the
time period of Jan 2000 to Dec. 2009. The analysis showed that
out of 20 schemes, 5 schemes namely Reliance Growth fund,
Reliance vision fund, ICICI prudential Tax Plan, HDFC Top 200 and
Birla Sun Life Equity fund performed better as compared to
benchmark and risk involved was less than the benchmarks.
4. Mansor and Bhatti (2011) in their study ―Risk and Return

Analysis on Performance of the Islamic mutual funds: Evidence
from Malaysia‖ used monthly aggregate returns to evaluate the
performance of the mutual funds for the Islamic and
Conventional portfolios in Malaysia, from 1996 to 2009. The
evidence from aggregate returns of the 128 Islamic mutual funds
and 350 conventional mutual funds, consists of 160 observations
denoted that both portfolios have performed better than the
market portfolio within the period.
13
5. Jain (2012) analyzed the performance of equity based mutual
funds of 45 schemes offered by 2 private sector companies and
2 public sector companies (April 1997 to April 2012). The analysis
has been made using the risk-return relationship and Capital
Asset Pricing Model (CAPM). The results indicated that over the
period of last 15 years, private sector mutual fund companies
(HDFC and ICICI) have outperformed the public sector ones (LIC
and UTI). Beta (risk) analysis showed that while HDFC and ICICI
mutual funds have been least risky, LIC was found the most risky.
8 out of 9 schemes (89%) of LIC had beta value greater than .80,
one of the reasons behind the poor performance of LIC. The
overall analysis found that the private sector mutual fund
schemes had been less risky and more rewarding as compared
to the public sector ones.
6. Kumar and Ali (2013) analyzed the performance of equity
largecap mutual fund schemes of selected companies for five
years and compared their performance with the market return.
A sample of 10 open ended equity large cap funds growth
schemes launched by the public sector, private sector and
foreign mutual fund player in Indian was taken by using
deliberate sampling method. NSE Index was used as market
index and statistical techniques for analysis used included
arithmetic mean, standard deviation, correlation, Beta, Treynor
ratio, Sharpe ratio, Fama‘s ratio. The results revealed that ICICI
Prudential Discovery Fund –IP growth, Birla Life ICICI Prudential
7. Poornima and Sudhamathi (2013) analyzed the performance of

102 growth oriented equity diversified schemes (April 2006 to
March 2011) by using Sortino‘s Ratio, which measured the
performance of the funds in terms of downside risk. It was found
that out of 102 funds, 97 funds performed above the minimum
acceptable return level and has performed below the minimum
acceptable level. It was concluded that only after evaluating the
14
risk and return using suitable measure the result would provide
the investor a careful choice of funds with higher returns.
8. Taneja and Bansal (2014) compared the performance of large

cap equity debt mutual fund schemes for the 3 years (20102013)
using standard deviation, Sharpe's Ratio, Beta, Alpha, Rsquared
and Treynor Ratio. For computing volatility ratio monthly return
for three years of equity funds and the weekly return of 1.5 years
of debt fund was taken. It was found that out of all sample equity
mutual fund schemes, UTI opportunities fund was the best
having the lowest standard deviation, lowest beta, the highest
value of alpha, highest Sharpe and Treynor ratio. In case of debt
mutual fund scheme UTI short term income fund was not
performing well because of highest beta and lowest Sharpe
Ratio.
9. Kaur (2014) evaluated the performance of open-ended debt

mutual funds with a sample of 23 schemes on the basis of weekly
returns in comparison to benchmark return and found out that
most of the schemes could not perform better as compared to
benchmark and the variability of the schemes were less as
compared to the market in case of returns. Schemes were found
defensive in nature and were not well diversified.
10. Choudhary and Sehgal (2014) studied the performance of
selected Diversified Equity Mutual Fund and found that in terms
of average returns, 75% of the diversified fund schemes had
shown higher and superior returns whereas 62% of the selected
schemes were less risky in terms of standard deviation. The
funds were less risky than the market portfolio and highly
diversified. 7 out of 8 funds had superior performance under
Sharpe and Treynor Ratio.
15
11. Ahmad and Nomani (2015) examined the performance of
safest investment instrument in the security market from
investor's perspective by taking five mutual fund large cap
schemes, The analysis was carried out by assessing various
financial tests like Sharpe Ratio, Standard Deviation, Alpha, and
Beta.
Objectives:-
1. A comparative study on one time investment and systematic

investment in mutual fund.
2. To study the nature of mutual funds and analyze their returns.
3. To evaluate the performance of the portfolio using Sharpe index.
4. To compare the actual performance with one time investment and

systematic investment Plan
5. To find out the return of the one time and systematic investment
plans.
6. Through that analysis to find out the best investment plan from the
comparison statement.
7. To suggest the customers which plan is suitable for their investment

in future.
16
RESEARCH METHODOLOGY:
Descriptive Research Design was adopted by the research or for the
purpose of collecting and analysis of data in manner that aimed to
combine relevant data along with economic infrastructure and time in
mind. It was conceptual structure within which research conducted,
collected, measured and analyzed.
DATA COLLECTION METHOD
Secondary data for is used evaluation of portfolio return. The sources

for secondary data are taken fact sheets, Books and websites. This data
helped to know about best investment plan portfolio performance.
STATISTICAL TOOLS USED

1. Portfolio Return
2. Sharpe Ratio: The Sharpe ratio is calculated by subtracting the

risk free rate -and dividing the result by the standard deviation
of the portfolio returns. The Sharpe ratio formula is:
3. Treynor Index (Tt) sums up the risk and return of a portfolio in a

single number. Treynor index is a reward to volatility of the
portfolio. The characteristic line relates the market return to a
17
specific portfolio return without any direct adjustment for risk.
This line can be fitted through a least square regression involving
a single market portfolio. To use Treynor‘s measure first the CRL
of portfolios are fixed by estimating the following equation:
Data Analysis & Interpretation :-
Performance Evaluation Of Mutual Fund Equity Schemes List

of selected 9 equity schemes:
18
This study examines 15 Equity schemes being launched by selected
five mutual funds namely HDFC, Birla Sun life, UTI, Reliance & ICICI
Prudential. Other two parameters for scheme selection are:
1. Scheme should have been in existence for last 10 years (as on
June 30,2013) and
2. Three schemes of each fund house have been chosen on AUM
basis in their respective fund houses.
Performance based on Beta:
Table 5.16: List of all selected schemes other than Equity with their calculated
Beta and Ranking
INFERENCE
1. Table above depicts value of Sharpe‘s reward to variability ratio
(excess return earned over risk free return per unit of risk
19
involved, i.e. per unit of standard deviation). Positive value of the
index shows good performance.
2. In ELSS category of schemes, Reliance Tax Saver has highest
positive Sharpe ratio (0.0664). One of the five selected schemes
in category, Birla Sun Life Tax Relief 96‘s Sharpe ratio is negative
which means schemes has performed very poorly on this
parameter and on average during last 7 years period under
20
study, could not reward the investors with any excess return
over risk free rate of return.
3. HDFC Prudence Fund emerges as top fund in Equity oriented

hybrid funds category with positive Sharpe Ratio value 0.1063.
Balanced fund from UTI comes at last position with least value
among five category peers. Birla Sun Life 95, Reliance Regular
Savings Balanced & ICICI Pru Balanced fund are placed in
between these two extremes in same order respectively.
4. In Debt oriented hybrid fund category, Monthly Income Plan

from Reliance secures first position with highest Sharpe Ratio of
0.1197. HDFC MIP, UTI MIS Advantage Plan & ICICI Prudential
MIP 25 comes at 2, 3 & 4th place respectively. Birla Sun Life MIP
II Wealth 25 with Sharpe Ratio 0.0144 is least performing fund in
this category.
5. In Income Fund Section, Birla Income Fund is best fund on this

parameter with Sharpe Ratio of 0.0776 whereas HDFC Income
Fund performs worst in category with 0.0255 value of thisratio.
Income Schemes from ICICI Prudential, Reliance & UTI comes at
2nd, 3rd & 4th position respectively with decreasing order of
Sharpe Ratio as shown in the table.
Findings & Suggestions :-
1. Systematic investment plan gives (10.63%) high return compare

to one time investment plan (10.2%).
2. The comparison of the two plans the systematic investment plan
gives (21.9%) high return compare to one time investment plan
(16.60%).
21
3. Systematic investment plan gives (10.79%) high return compare
to one time investment plan (8.65%)
4. The comparison of the two plans the one time investment plan
gives (10.63%) high return compare to Systematic investment
plan (10.09%).
The study of investment awareness level of salaried people has been

undertaken with the key objectives such as to find preferred investment
avenues & to know the awareness level of investors
 Awareness - After the analysis & interpretation of data it is

concluded that 60 % Investors are aware about investment
avenues available in India but still investors are preferred to
invest in bank deposit, real estate, metals (Gold).
 Risk - The data analysis reveals that the safety is important factor
while doing investment so remaining avenues are less
considerable while doing investment by investors. 75% are not
ready to take risks while making investments. They prefer safe
modes of investment like FDs, SIPs, bonds, Post officeschemes.
Only 24% respondents want to invest in equities/stock where
high risk is involved. Awareness programmes has to be
conducted by stock broking firms, because most of the
respondents are salaried people and they think that these
avenues are loss making & having no good return on it.
 Financial Literacy - Despite the financial soundness that salaried

people have got, they are still not having the complete
knowledge of portfolio management or in simple words, taking
proper investment decisions. It has also been found out that 60%
of the respondents are ‘Long term Investors’. Out of remaining
22
40%, 20% are ‘Conservative Investors’ & 10% are a combination
of ‘Trader’ & ‘Speculator’ type of investors. Due to insufficient
knowledge of financial instruments, salaried people are finding
it difficult to invest in the projects where high amount of risk is
involved. And those who are investing in such avenues like stocks
or equities, they do it many a times following their friends’
advice. Hence, there is high risk involved of facing heavy losses.
It has been observed strongly that 65% of the respondents rely
on their husbands for taking investment decisions. And
remaining 35% respondents take their investment decisions by
themselves.
 Financial Instruments Knowledge- It has been found out that

60% of the respondents don’t possess detailed knowledge about
all the financial instruments. Only 40% respondents have the
sufficient knowledge about the financial instruments. More
efforts should be taken of course, by salaried people themselves
to increase their financial literacy. Secondly, the government
should organize investment awareness campaigns often
especially designed for salaried people.
 Information Collection - It has also been noticed that 60% of the
respondents don’t read any financial newspaper. Only 40%
respondents regularly read ‘Economic Times’ & ‘Financial
Express’. Only 45% of the respondents watch TV channels like ‘Z
Business’, ‘CNBC’, ‘NDTV profit’ etc. to get some help while
making investment decisions. Remaining 55% respondents rely
on their friends’ advice & own knowledge for making
investment decisions
 Monitoring of Investment - It has been observed that 65%
working professionals monitor their investments regularly.
Among these, 35% monitor monthly, 45% quarterly & 15%
biannually.
23
SUGGESTIONS
The following general suggestion may be of help to the investors.
1.From the study most of the funds getting high return which is invested
in the systematic investment plan
2.If the market movement is continue going to be high, it is gives good
return for lump sum investors because they are having more no of
shares. The same time systematic investors will get low profit reason
for that is they will get minimum no of shares in every month.
3. The one time investment gives low return only reason is that the
no of shares they investing in is lower compare to systematic
investment plan
Limitations :-
How to make an Investment in mutual fund is always a big question to

investor. There is always a need for common investor to know how to
enter into a market and make profit in it and not exit with
disappointment. This paper is an attempt to study and analyse the
profitability of one time investment and systematic investment plan in
various mutual fund and to aware the investors about which one is more
beneficial.
Investing in Systematic Investment Plans would mean that you

give instructions in advance or post dated cheques as the case
maybe. However, at times, if you do not maintain adequate
balance the cheque would be returned or the ECS instruction
would also go dishonoured. The best way would be to ensure
there is a balance in the account at all times.
If there is a mechanism that the fund house could alert you that
there is a SIP due, you can ask them for the same. Or else, make
sure that you intimate the fund house in advance not to deposit
the cheque.
One of the disadvantages in an SIP is that it is sold, as if you will

always make profits. Sometimes, the averaging cost may never
24
work. What if the investor gets frustrated. Let us cite this with an
example.
If you have been investing in the last one year through the SIP
route, you could be a frustrated person today. This is because,
your average cost throughout the year would have been high as
markets were significantly higher for most of the year. Now in
the last few months, they have dropped sharply. If, you have
evaluated, the returns you have got in the last one year through
an SIP, it could well be negative.
You cannot altogether discount the timing of the market, when

you want to make money. It is perhaps the single most important
feature for making money. Conclusion :-
On the basis of this study, I can conclude that Mutual Fund SIP is a
monthly based investment plan through which an investor could invest
a fixed sum into mutual funds every month at predecided dates. This
barriers the investor from market instability and derives maximum
benefit as the investment is done at regular basis irrespective of market
conditions. SIP is a feature especially designed for investors who wish
to invest small amounts on a regular basis to build wealth over a long
term. It inculcates the habit of regular savings and does not encourage
timing and speculation in the markets. The study would be helpful for
the small investors by entering into capital market by using the
Systematic investment plan.
Choosing best Investment plan is the important work for every investor.
Such a evaluation of different mutual fund which is invested in both
the plans. The portfolio performance is much better for the systematic
investment plan performance when it is compared with one time
investment plan performance. The return level is also good during
monthly periods. The returns during the different period is also
considerable the same. Hence some general suggestions of considering
certain criteria like liquidity, growth, income etc in selection of
portfolio will help in maintaining as well as increasing the portfolio
performance.
25
References :-
1. Joseph, G., Telma, M., and Romeo, A.(2015). “A study of sip & lip
of selected large cap stocks listed in nse”. International
Journal of Management Research & Review,Vol.5, No.2,
Art.No8,pp117-136
2. Juwairiya, P.P. (2014).“Systematic investment plan-the way to

invest in mutual funds”. Sai Om Journal of Commerce &
Management, Vol.9,No1,pp. 2347-7563
3. Paul, T.(2012). “An assessment of gap between expectations and

experiences of mutual fund investors” International Journal of
Marketing, Financial Services & Management
Research,Vol.1,No.7,pp-2277- 3622.
4. Sharma, S.(2015). “ELSS Mutual Funds in India: Investor

Perception and Satisfaction”, International Journal of Finance
and Accounting , 4(2): 131-139
5. Sindhu, K.P.,& Kumar, S. R.(2014). “Investment horizon of

mutual fund investors”, Geinternational journal of management
research,Vol.2, No.8
6. Soni, P., Khan, I. (2012). “Systematic investment plan v/s other

investment avenues in individual portfolio management – A
comparative study”, International Journal in Multidisciplinary
and Academic Research, Vol. 1, No. 3.
26
7. Vyas, R.(2013). “Factors influencing investment decision in
mutual funds” ZENITH International Journal of Business
Economics & Management Researc, Vol.3, No.7. pp- 22498826.
8. Zenti, R.(2014). “Are lump sum investments riskier than
systematic investment plans?”
9. Investor Perception about Systematic Investment Plan (SIP) Plan:

An Alternative Investment Strategy by Anich Uddin
27

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A

AWADHESH PRATAP SINGH UNIVERSITY, REWA (M.P.)

FOR THE AWARD OF

MASTER OF BUSINESS ADMINISTRATION

SUBMITTED BY : PROJECT GUIDE

SURBHI SONI PROF. PRADEEP SHUKLA

Place : Satna PROF. PRADEEP SHUKLA

VINDHYA INSTITUTE OF MANAGEMENT & RESEARCH,

I undersigned, hereby declare that this project report entitled “A

INVESTMENT PLANS IN MUTUAL FUND” prescribed by AWADHESH PRATAP

PROF. PRADEEP SHUKLA is my original work.

or any other University.

partial fulfillment of Master of Business Administration.

PLACE: SATNA SURBHI SONI

present this project entitled “A COMPARATIVE STUDY ON ONE TIME

I am very thankful to my mentor Mr. Neeraj Kumar Relationship Manager of

Executive of Motilal Oswal Financial Services Limited for her support.

I am grateful to those people who help me a lot in preparation of this project

report. I have a deep sense of gratitude in my heart for them.

I am very thankful to my project guide PROF. PRADEEP SHUKLA for his

wholehearted support and affectionate encouragement without which my successful

project would not have been possible.

& caring support contributed a major share in completion of my task.

VINDHYA INSTITUTE OF MANAGEMENT & RESEARCH,

S.N. Page No.

1 Introduction of Project 06-13

2 Review of L i terature 14-17

4 Research Methodology 19-20

5 Data Analysis & Interpretation 21-23

6 Findings & Suggestions 24-26

A mutual fund is a kind of investment that uses money from investors

An investment is possessions or item accomplished with the goal of

Open-ended funds are what you experience as a mutual fund. These

BASED ON ASSET CLASS

• Money market fund

• Tax saving fund

Tax saving fund

ONE TIME INVESTMENT PLAN

SYSTEMATIC INVESTMENT PLAN

SIP assures averaging of rupee cost as rational investment ensures that

• SIPs can guard investments from liable market crash

ONE TIME INVESTMENT PLAN

crash,which happens oftenenough. Review of Literature:-

1. Subha and Bharathi (2007) determined the performance of

3. Kumar (2011) examined the fund's sensitivity to the market

4. Mansor and Bhatti (2011) in their study ―Risk and Return

7. Poornima and Sudhamathi (2013) analyzed the performance of

8. Taneja and Bansal (2014) compared the performance of large

9. Kaur (2014) evaluated the performance of open-ended debt

1. A comparative study on one time investment and systematic

2. To study the nature of mutual funds and analyze their returns.

3. To evaluate the performance of the portfolio using Sharpe index.

4. To compare the actual performance with one time investment and

7. To suggest the customers which plan is suitable for their investment

DATA COLLECTION METHOD

Secondary data for is used evaluation of portfolio return. The sources

STATISTICAL TOOLS USED

2. Sharpe Ratio: The Sharpe ratio is calculated by subtracting the

3. Treynor Index (Tt) sums up the risk and return of a portfolio in a

Data Analysis & Interpretation :-

Performance Evaluation Of Mutual Fund Equity Schemes List

Beta and Ranking

3. HDFC Prudence Fund emerges as top fund in Equity oriented

4. In Debt oriented hybrid fund category, Monthly Income Plan