“A Comparative Study between SBIMF and UTI MF w.r.

t UTI
MF Bhilai"

APPROVED BY: SUPERVISED BY:

Dr. NEEMA BALAN MAM Ms. NEHA YADAV MAM

Principal Asst. Professor-Mgmt.Dept
GDRCST, Bhilai (C.G) GDRCST, Bhilai (C.G)
 INDEX
Sno TITLE

1. OBJECTIVES OF THE STUDY

2. RESEARCH METHODOLOGY

3. DATA INTERPRETATION

4. FINDINGS
5. LIMITATION

6. RECOMENDATION

7. CONCLUSION

8. QUESTIONNAIRE

9. BIBLIOGRAPGY
 Introduction
History and Evolution:
• Indian mutual fund industry started in 1963 with the launch of Unit Trust of India (UTI)
• Industry opened up to private players in 1993, leading to a surge in mutual fund schemes and
AUM
• Industry witnessing a consolidation phase with several mergers and acquisitions, resulting in a
few dominant players

Structure and Participants:

• Regulated by the Securities and Exchange Board of India (SEBI)
• Consists of asset management companies (AMCs) and distribution channels
• Over 40 AMCs and 2,000+ schemes
• AUM of over INR 30 lakh crore as of December 2021
 Performance and Trends:
• Equity mutual funds most popular and profitable segment, with average returns of around 15%
over the past decade
• Debt mutual funds have faced challenges due to credit events and liquidity issues
• Hybrid and specialized mutual funds gaining traction
• Shift towards passive and sustainable investing

Challenges and Opportunities:

• Industry needs to tackle mis-selling, transparency, and accountability
• Industry needs to adapt to changing technology and digital trends
• Vast untapped potential due to low mutual fund penetration and financial literacy levels
• Industry can benefit from increasing demand for long-term savings and investment solutions
Financial statement comparison between SBIMF and UTIMF
I. Introduction
• Financial statement analysis is crucial for investors to evaluate companies and mutual funds.
II. Profit and Loss (P&L) Statement Analysis
• SBI MF has a higher net profit than UTI MF,SBI MF NP INR 438.5 corers, while UTI MF NP INR 361.5 corers
III. Balance Sheet Analysis
• SBI MF has a larger asset base than UTI MF.As of March 2021, SBI MF total assets of INR 4,11,300 corers,
while UTI MF total assets of INR 1,83,920 corers
IV. Cash Flow Statement Analysis
• SBI MF has higher net cash inflows than UTI MF. As of March 2021, SBI MF reported net cash inflows of INR
1,13,912 corers, while UTI MF reported net cash inflows of INR 26,236 corers.
V. Interpretation
• SBI MF has a better financial performance than UTI MF based on the analysis.
• Other factors like investment strategies, risk management practices, and regulatory compliance should be
considered.
• Past performance does not guarantee future returns.
 SchemeName ExpenseRa AUM(in Fundperforman FundHist PortfolioTur AssetAllocati Riskprofile
tio corers) ce ory noverRatio onStrategy

SBI Nifty Index Fund 0.10% 29,567 3-year CAGR of Launched 2% Equity Large ModeratelyHigh
17.05% in 2002 Cap

SBI BluechipFund 1.38% 29,217 3-year CAGR of Launched 56% Equity Large ModeratelyHigh
15.05% in 2006 Cap

SBI Magnum Multi 1.42% 16,301 3-year CAGR of Launched 63% Equity Multi ModeratelyHigh
cap Fund 17.83% in 2005 Cap

SBI Small Cap Fund 1.88% 6,910 3-year CAGR of Launched 49% Equity Small High
22.61% in 2009 Cap
SBI Focused Equity 1.58% 7,286 3-year CAGR of Launched 60% Equity Focused ModeratelyHigh
Fund 15.27% in 2004

UTI Nifty Index Fund 0.10% 2,293 3-year CAGR of Launched 0.05% Equity Large ModeratelyHigh
17.05% in 2000 cap
UTI Master share Unit 1.05% 8,456 3-year CAGR of Launched 15% Equity large cap ModeratelyHigh
Scheme 12.41% in 1986
UTI Equity Fund 1.89% 7,568 3-year CAGR of Launched 78% Equity Multi ModeratelyHigh
15.75% in 1992 cap
UTI Mid Cap Fund 1.99% 6,521 3-year CAGR of Launched 48% Equity mid Cap High
20.72% in 2004
UTI Focused Equity 2.23% 1,448 3-year CAGR of Launched 82% Equity focused ModeratelyHigh
Fund 13.99% in 2017
• Expense Ratio: UTI Equity Fund and SBI Bluechip Fund have a relatively lower expense ratio than the other
schemes, while SBI Small Cap Fund and SBI Magnum Mid-cap Fund have a higher expense ratio.
• AUM: SBI Bluechip Fund has the highest AUM, followed by UTI Equity Fund, and SBI Small Cap Fund.
• Fund Performance: UTI Nifty Index Fund has the highest fund performance, followed by SBI Small Cap Fund,
UTI Equity Fund, SBI Magnum Mid-cap Fund, and SBI Bluechip Fund.
• Fund History: UTI Equity Fund has the longest fund history, followed by UTI Nifty Index Fund, SBI Bluechip
Fund, SBI Magnum Mid-cap Fund, and SBI Small Cap Fund.
• Portfolio Turnover Ratio: UTI Nifty Index Fund has the lowest Portfolio Turnover Ratio, followed by SBI
Bluechip Fund, UTI Equity Fund, SBI Magnum Mid-cap Fund, and SBI Small Cap Fund.
• Asset Allocation Strategy: UTI Equity Fund has a multi-cap strategy, while SBI Bluechip Fund, UTI Nifty
Index Fund, and SBI Magnum Mid-cap Fund have a large-cap, mid-cap, and small-cap strategy, respectively.
SBI Small Cap Fund has a small-cap strategy.
• Risk Profile: SBI Small Cap Fund and SBI Magnum Mid-cap Fund have a higher risk profile due to their
investment in small and mid-cap companies, respectively, while the other schemes have a moderately high-risk
profile.
• Overall, both SBI MF and UTI MF have a diverse range of mutual fund schemes, catering to different
investment objectives and risk appetites. UTI Equity Fund and SBI Bluechip Fund are suitable for investors
looking for a large-cap investment, while UTI Nifty Index Fund is ideal for those seeking an index fund. SBI
Small Cap Fund and SBI Magnum Mid-cap Fund are suitable for investors with a higher risk appetite and a
long-term investment horizon
 RESEARCH METHODOLOGY
Research Type Descriptive Research
Data Collection Primary and Secondary data

Research Instrument Questionnaire

Type of questions Structured question

Sampling Element Mutual Fund Investors

Sampling Method Convenience sampling

Sample Location Durg/bhilai

Sample Size 30 Mutual Fund Investors

 Objectives of the study
The following objectives of the study can have a significant impact on the performance
of mutual funds. Such analysis can reveal strengths and weaknesses, while public
feedback can influence consumer perception and behavior toward mutual funds,
potentially leading to increased investments or withdrawals.

1. To Study the concept of MF

2. Examine the factors influencing mutual fund schemes in relation to UTI MF and SBI
MF.
3. Determine the most influential factor in the MF scheme.
 DATA ANALYSIS AND INTERPRETATION
• Private employment appears to be the most common occupation among the
respondents.
• The majority of respondents reported an annual income of less than 5 lakhs.
• The majority of respondents reported annual savings up to Rs.10,000.
• Mutual Funds are the most popular investment avenue among the respondents.
• The majority of responses indicate that I am aware of mutual funds.
• The most frequently mentioned sources of information about mutual funds are brokers
and advertisements. and The data suggests that people rely on a combination of
professional advice (brokers) and self-researched information (advertisements,
newspapers, magazines, annual reports) when seeking information about mutual funds.
• UTI MF is the most frequently mentioned company, with 11 mentions followed by SBI
MF and ICICI MF are the next most frequently mentioned companies, with 10
mentions each.
• Online platforms are the most frequently mentioned method of investing in mutual funds, with 15 out
of 30 responses citing online methods followed by Brokers and bank branches.
• The most common objective of investment mentioned is to provide for retirement, with 15 out of 30
responses citing this as a reason for investing and Other commonly mentioned objectives include
providing for children's education (9 responses) and purchasing assets (8 responses).
• Equity fund is the most commonly invested type of mutual fund, followed by Balanced Fund and
Growth Fund.
• Majority of investors have invested for more than 5 years, with a significant portion above 10 years.
• Growth scheme is the most preferred investment objective among the respondents, with 65% of the
total investments follwed by Balance scheme and Income scheme are the next most popular
investment objectives, with 16% and 11% of the investments respectively.
• Lack of initiatives by the industry is a common problem faced by investors alse No clear idea about
the public issue is also a common issue followed by Insufficient agents and brokers is another
problem.
• The majority of the responses (13 out of 30) indicated a medium level of satisfaction with investment
in mutual funds followed by 6 responses indicated a high level of satisfaction with investment in
mutual funds.
• Most respondents strongly agree that risk, time horizon, safety, diversification of
risk, fees and expenses, return, professional management, and tax exemption are the
factors that have the greatest impact on their mutual fund investments.
• Liquidity and flexibility have a mixed response with some respondents strongly
agreeing and others being neutral or agreeing.
• There are a few strongly disagree and disagree responses for certain factors such as
safety, time horizon, and liquidity.
• Overall, the majority of respondents prioritize factors related to risk management and
returns while investing in mutual funds.
Observation
Occupation
Annual Income
Annual Savings
Popular Investment Avenue
Awareness of Mutual Funds
Sources of Information
Most Frequently Mentioned Companies
Preferred Method of Investing
Common Investment Objectives
Commonly Invested Types of Mutual
Funds
Duration of Investment
Preferred Investment Objective
Problems Faced by Investors
Level of Satisfaction
Factors Impacting Investment
Data
Private employment is the most common
Majority report less than 5 lakhs
Majority report up to Rs.10,000
Mutual Funds
Majority are aware
Brokers and advertisements
UTI MF, SBI MF, ICICI MF
Online platforms
Retirement, children's education, purchasing assets
Equity Fund, Balanced Fund, Growth Fund
Majority invested for more than 5 years
Growth Scheme
Lack of initiatives by the industry, no clear idea about public issue, insufficient agents and
brokers
Majority indicate a medium level
Risk, time horizon, safety, diversification of risk, fees and expenses, return, professional
management, tax exemption, liquidity and flexibility have mixed responses. Majority prioritize
factors related to risk management and returns.
 FINDINGS

• Private employment is the most common occupation.

• Mutual funds are the most popular investment avenue.
• Equity funds are the most commonly invested type of mutual fund.
• Majority invest for retirement.
• Majority have invested for more than 5 years.
• Medium level of satisfaction with investment in mutual funds.
Factors 1. Risk 2. Time 3. 4. 5. 6. Fees 7. 8. 9. 10. Tax
Horizon Safety Liquidit Diversifi and Return Professi Flexibili Exempti
y cation Expens onal ty on
of Risk es Manage
ment

Strongly 3 9 18 13 22 21 33 22 17 25
Agree

Agree 24 17 22 23 24 29 30 28 26 25

Neutral 5 4 8 6 4 4 4 7 5 6

Disagre 0 1 1 1 1 1 0 1 2 2
e

Strongly 1 0 0 0 1 0 0 1 2 2
Disagre
e
• Majority of the respondents strongly agree that professional management,
diversification of risk, and return are important factors when investing in mutual
funds (over 70%).
• A significant percentage of respondents strongly agree that safety, liquidity, and fees
and expenses are important factors (ranging from 45-63%).
• Time horizon and tax exemption are perceived as neutral factors by most
respondents, with a majority falling in the neutral category (ranging from 37-55%).
• Only a small percentage of respondents strongly disagree that any of the factors are
important (ranging from 0-5%).
• The highest level of disagreement is for safety and liquidity, with 5% of respondents
strongly disagreeing that these factors are important.
• Flexibility is a mixed factor, with responses ranging from strongly disagree to
strongly agree, but with the majority agreeing that it is important (62% agree or
strongly agree).
• Overall, the factors that are perceived as most important are professional
management, diversification of risk, and return.
 RECOMMENDATIONS
• Focus on educating students about the importance of professional management, diversification, and
risk management in mutual fund investments.
• Highlight the significance of safety, liquidity, fees, and expenses as important factors while investing
in mutual funds.
• Encourage Investors to consider long-term time horizons and tax exemptions as important factors in
mutual fund investments.
• Highlight the need to consider flexibility as a factor while investing in mutual funds..
• Promote online platforms for mutual fund investments and educate students about the process.
• Encourage to diversify their mutual fund investments based on their investment objectives and risk
appetite.
• Emphasize the importance of regular monitoring and review of mutual fund investments to ensure
optimal returns.
• Discuss the common problems faced by mutual fund investors and possible solutions to address
them.
• Conduct regular surveys to gauge the satisfaction level of mutual fund investors and identify areas
for improvement.
 LIMITATIONS
• Lack of time was a barrier.
• Respondents were reluctant to fill out the questionnaire because of their busy
schedules and strict supervision.
• Insufficient sample size for statistical measurements.
 CONCLUSION:
The survey indicates that private employment is the most common occupation
among respondents, with mutual funds being the most popular investment avenue.
Most investors have invested for more than 5 years, with equity funds being the
most commonly invested type of mutual fund. The most common objective of
investment is to provide for retirement. Online platforms are the most frequently
mentioned method of investing in mutual funds. The majority of respondents
prioritize factors related to risk management and returns while investing in mutual
funds. Medium level of satisfaction with investment in mutual funds was reported
by most respondents.
 QUESTIONNAIRE
1) Occupation

2) Annual Income
3) Annual Savings:

4) What is your current preference for investment avenues?

5) Are you aware of mutual funds?

6) If aware please select the name of the mutual fund company which you will select for mutual fund investment. *
7) How do you usually obtain information about mutual funds?

8) How did you invest in a mutual fund?

9) What are your investment objectives?

10) How much money have you invested in a mutual fund?

11) In which type of mutual fund have you invested?

12) What is the duration of your investments in mutual fund schemes?

13) What are your most preferred schemes based on investment objectives?

14) Have you faced any problems while investing in mutual funds?
15) What factors have the greatest impact on your investment decisions in mutual funds? (Select
one option for each factor).
• 16) How satisfied are you with your investment in mutual funds?
 BIBLIOGRAPHY

BOOKS
• Kothari C.R. – Research Methodology

References
• Annual report of SBI MF
• Annual report of UTI MF
• UTI MF Website
• SBI MF Website