“A study on comparative analysis of selected mutual funds with special reference to SBI mutual funds”

SUBMITTED BY

2018-20
Introduction
Mutual fund has become one of the most popular and effective way for investors to take part in financial
markets. There is a wide spread of investments across the different types of securities, known as
portfolio diversification. In mutual fund, the portfolio manager makes the investment decisions on
behalf of the unit holders to obtain maximum returns associated along with minimum risk from the
investment made.

Topic chosen for study

“A study on comparative analysis of selected mutual funds with special reference to SBI mutual funds”

Need for the study

The main determination of undertaking of this study was to know about mutual fund schemes and its
routine. This makes a necessity for the investors to analyse the behavioural aspects of these funds. It
also helps in understanding different schemes of mutual funds. Because my study depends upon
prominent funds in India and their schemes.
Review of literature
 A comparative study on performance of selected mutual funds with special reference to Indian
context - Satheesh Kumar Rangasamy, Dr. Vetrivel T, Athika M – ISSN: 2249-7315 : -(2016)
 The main objective of the study is to evaluate the performance of mutual funds and facilitate the retail
investors in decision making. This study helped the investigator in understanding the different categories of
mutual fund, the nature of the market and the best performing mutual funds from the selected pool of mutual
funds.
 A comparative analysis of mutual funds - Laxmi Narayana Nadia, Mr. Balanji Reddy Mora ISSN:
2394 – 3386 : -(2018)
 In this study 14 open-ended, growth-oriented funds are considered for the study. From this study, we can
conclude that some schemes may have higher returns and some with higher risk. It can be conclude that
returns are not the only factor to examine at the time of investment where an investor needs to analyse all the
factors affecting the fund’s performance for better results.
 A comparative study on performance analysis of mutual funds in India with special reference
to HDFC and SBI mutual funds - Mr. P. Ramaraj, Dr. Michael David Premkumar ISSN: 0374 –
8588 : -(2019)
 The findings from this research are that most of the people prefer investments like mutual funds and prefer
take moderate risk by investing in Mutual funds. The objective of the study is to evaluate the performance of
mutual funds by comparing SBI mutual fund and HDFC mutual fund with special reference to growth fund.
 Comparative study of mutual funds of selected companies - Mr. Sunil M. Adhav, Dr. Pratap M.
Chauhan ISSN: ISSN: 2394 – 1537 : -(2015)
 The present research is to study comparative performance of mutual funds of selected Indian companies. The
study focuses on mutual fund schemes of selected Indian companies which consists Equity, Debt and Hybrid
Schemes. This study conclude that the Equity, Debt and Hybrid Schemes are giving returns above the
benchmark.

 Comparative analysis on mutual fund scheme - A. Ramakrishna ISSN: 2395 – 4396: -(2017)
 In this paper the investigation and performance analysis of four mutual fund investable growth-oriented
equity schemes for the period of five years of transition economy. From this study it can be suggested that
Sundaram BNP Paribas Balance fund can be preferred for investment among the other three funds.
Objective of the study
 To evaluate the performance of mutual funds.
 To evaluate and compare the performance SBI mutual fund with selected companies.
 To help the investors know about the best investment schemes available.
 To rank the funds based on their risk and return.

Scope of the study

The study will help to know the interest and preferences of the customers, which company, portfolio,
mode of investment, and option for getting return and so on they prefer.
 
Research methodology
 Research design: -
The type of research design is applied here is a descriptive research.

 Source of data: -
 Secondary data: -
Secondary data is taken as a basis of analysis in this research. The data were also collected from
various websites like online.com, mfcafé.com, moneycontrol.com, sbimf.com etc.

 Tools: -
To analyse the performance of mutual funds, the following tools and techniques have been used: -
Sharpe ratio
This ratio measure was developed by William Sharpe. This measure is used to know about the ratio of
risk premium and standard deviation of return.

Treynor ratio:
This performance measure is developed by Jack Treynor. This measure is used to know the ratio of
risk-free premium on reward to the volatility of returns as measured by return by the portfolio beta.

Jenson ratio
This ratio is used to know the difference between actual returns and expected returns of the portfolio.
Expected returns on portfolio are calculated by using CAPM model
Expected return
It is the returns that should be earned for the given level of risk. It is also called differential return that is
the returns earned above the expected returns.

Limitations of the study: -

 Present study only concentrates on selected mutual funds, result of this study cannot be generated to
all mutual fund schemes.
 Returns presented in this study may be guaranteed in future and investors have consider other
aspects as well.
 This study considers only selected tools for analysis of performance of mutual fund schemes.
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