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“Comparative study on performance of Equity Schemes of

Reliance Mutual Fund.”

PRAVEEN JAIN





THE MUTUAL FUND

Mutual Funds are dynamic financial institutions, which play a crucial role in an economy my

mobilizing a link between savings and the capital market. Therefore the activities of Mutual

Funds have both short and long term impact on the savings and capital markets and the national

economy. Mutual Funds thus assist the process of financial deepening and intermediation. They

mobilize Funds in the savings market and act as complementary to banking, at the same time

they also compete with banks and other financial institutions. In the process stock market

activities are also significantly influenced by Mutual Funds. The scope and efficiency of Mutual

Funds are influenced by overall economic fundamentals, the interrelationship between the

financial and real sector, the nature of development of the savings and capital markets, market

structure, institutional arrangements and overall policy regime.

MEANING

A MUTUAL FUND IS A COMMON POOL OF MONEY INTO WHICH THE INVESTORS

PLACE THEIR CONTRIBUTIONS THAT ARE TO BE INVESTED IN ACCORDANCE

WITH A STATED OBJECTIVE.

Mutual fund is a mechanism for pooling the resources by issuing units to the investors

And investing funds in securities in accordance with objectives as disclosed in offer document

Investments in securities are spread across a wide cross-section of industries and sectors and thus

the risk is reduced. Diversification reduces the risk because all stocks may not move in the same

direction in the same proportion at the same time. Mutual fund issues units to the investors in

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accordance with quantum of money invested by them. Investors of mutual funds are known as

unit holders.

The investors in proportion to their investments share the profits or losses. The mutual funds

normally come out with a number of schemes with different investment objectives, which are

launches from time to time. A mutual fund is required to be registered with Securities and

Exchange Board of India (SEBI), which regulates securities markets before it can collect funds

from the public

STRUCTURE OF MUTUAL FUND IN INDIA:

Trustees SEBI Sponsor

Operations AMC

Fund Manager Market / Sales

Mutual Fund

Schemes

Investor

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GROWTH OF MUTUAL FUNDS:

The Indian mutual fund as passed through three phases. The first phase was between 1964 and

1987 and only player was the trust of India, which had a total asset of Rs. 6700/- crores and the

end of 1988.the second phase is between 1987 and 1993 during which period 8 funds were

established (6 by banks and one each by LIC and GIC). The total asset under management had

grown to Rs.61, 028/- crores at and of 1994 and the numbers of schemes were 167.

The third began with the entry of private and foreign sectors in the mutual fund industry in 1993.

Kothari pioneer mutual fund was the first fund to be established by the private sector in

association with a foreign fund.

As at the end of financial year 2000 (31 march) 32 funds were functioning with Rs. 1,13,005

crores as total asset under management. As on august end 2000, there were 33 with 391 schemes

and assets under management with Rs. 1,02,849 crores.

The securities and exchange board of India (SEBI) came out with comprehensive regulation in

1993, which defined the structure of mutual fund and asset management companies for the first

time. Currently there are 34 of mutual fund organizations in India managing over Rs.1, 02,000/-

crore

• First investors pool their money in Mutual fund through franchisee or agents or himself in

particular scheme.

• Fund manager collect that money and diversify that money in different securities.

• Then that securities generate return.

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• That returns will passed back to the investors.

REASONS BEHIND GROWTH

• Professional Management: Qualified professionals manage your money but they are not

alone. They have a research team that continuously analyses the performance and

prospects of companies. They also select suitable investment to achieve the objective of

the scheme, so you see that it is a continues process that takes time and expertise that will

add value to your investment. These fund managers are in a better position to manage

investments and get a higher return.

• Diversification: the Cliché, “Don’t put all your eggs in one basket”. Really applies to the

concept of intelligent investing. Diversification lowers the risk of loss by spreading your

money across various industries it is a rare occasion when all stocks decline at the same

time and in the same proportion.

• Choice of schemes: Mutual Fund offers a variety of schemes that will suit individuals

needs over a lifetime. When you enter a new stage in your life, all you need to do is sit

down with your investments advisers who will help you to re-arrange your portfolio to

suit your altered life style.

• Affordability: As small investors, we may find that it is not possible to buy shares of

larger corporations. Mutual funds generally buy and sell securities in large volumes,

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which allow investors to benefit from lower trading costs. The smallest investor can get

started on mutual funds because of the minimal investment requirements. We can invest

with a minimum of Rs. 500 in Systematic Investment Plan (SIP) on a regular basis.

• Tax benefits: Investments held by investors for a period of 12 months or more qualify

for capital gains and will be taxed accordingly. These investments also get the benefit of

indexation. And also the dividend received by an investor is tax free in the hands of

investors.

• Liquidity: with open-end funds, we can redeem all or part of investment any time when

we wish and receive the current value of the shares or the NAV related price. Funds are

more liquid than most investments in shares, deposits and bonds and the process is

standardize, making it quick and efficient so that we can get your cash in hand as soon as

possible.

• Rupees Cost Averaging: Through using this concept of investing the same amount

regularly, mutual funds give you the advantage of getting the average unit price over the

long-term. This reduces your risk and also allows you to discipline yourself by actually

investing every month or quarterly and not making sporadic investments.

• The Transparency of Mutual Funds: The performance of a mutual fund is reviewed by

various publications and rating agencies, making it easy for investors to compare one to

the other. Once we became part of mutual fund scheme, we were provided with regular

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updates, for example daily NAVs, as well as information on the specific investments

made and the fund manager’s strategy and out look of the scheme.

• Regulations of Mutual Funds: All mutual funds are required to register with SEBI.

They are obliged to follow strict regulations designed to protect investors. All operations

are also regularly monitored by the SEBI.

ABOUT RELIANCE MUTUAL FUND

Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882

with Reliance Capital Limited (RCL), as the Settlor/Sponsor and Reliance Capital Trustee Co.

Limited (RCTCL), as the Trustee.

RMF has been registered with the Securities & Exchange Board of India (SEBI) vide registration

number MF/022/95/1 dated June 30, 1995. The name of Reliance Capital Mutual Fund has been

changed to Reliance Mutual Fund effective 11th. March 2004 vide SEBI's letter no.

IMD/PSP/4958/2004 date 11th. March 2004. Reliance Mutual Fund was formed to launch

various schemes under which units are issued to the Public with a view to contribute to the

capital market and to provide investors the opportunities to make investments in diversified

securities.

The main objectives of the Trust are :

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• To carry on the activity of a Mutual Fund as may be permitted at law and formulate and

devise various collective Schemes of savings and investments for people in India and

abroad and also ensure liquidity of investments for the Unit holders;

• To deploy Funds thus raised so as to help the Unit holders earn reasonable returns on

their savings

• To take such steps as may be necessary from time to time to realize the effects without

any limitation

Vision, Mission & Market Strategy

Vision statement –

“Empowering everyone to live their dream”

Mission statement-

“To offer unparalleled value by providing the customer transparent, convenient and

effective anytime-anywhere integrated financial transaction capability”

Marketing strategy- to provide

Simple, easy-to-understand, safe and secure trading platform/software

Uncomplicated, easy-to-understand brokerage/trading cost structure without any

riders

Easy access to the financial market through convenient modes of distribution

Sound, genuine, unbiased advise individual investments.

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LITERATURE REVIEW

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I

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Tables for fund size

Reliance Mutual Fund Equity schemes

Scheme name Fund size DOI FUND

CLASS

Reliance Equity Fund (G)

4359.6 03/07/06 ED

Reliance Equity Opportunities Fund

(G)

2385.65 03/07/05 ED

Reliance Growth Fund (G)

3263.71 09/08/95 ED

Reliance Vision Fund (G)

2473.68 09/07/95 ED

Reliance Tax Saver (ELSS) Fund

(G)

1501.78 08/23/05 ETS

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1. Return:

Name of Scheme

DOI

(30/03/07)

Returns (annualized) 5yrs

Avg

return

1 yr 2yr 3yr 4yr 5yr

Reliance Growth Fund (G)199.52 48.21 93.23 80.40 27.21 53.64 60.54


137.65 50.45 62.62 60.56 34.41 81.42 57.89

Reliance Tax Saver (ELLS)

Fund(G)

115.193 47.48 106.91 53.02 29.77 18.07 51.05

Reliance Equity

Opportunities Fund (G)

45.4206 48.24 63.85 70.46 32.17 -2.24 42.50


26.52 32.47 39.03 28.00 9.97 0.00 27.37

NAVt – NAVt-1

Portfolio return: R it =---------------------------------

NAV t-1

Where R it is the difference between Net Asset Values for two consecutive days dividend by the

NAV of the preceding day.

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2. Risk

Beta

Scheme name 5 years avg return* Beta

Reliance Growth Fund (G) 60.54 0.91

Reliance Vision Fund (G) 57.89 0.98

Reliance Tax Saver (ELLS) Fund(G) 51.05 0.93

Reliance Equity Opportunities Fund (G) 42.50 0.96

Reliance Equity Fund (G) 27.37 0.94

* Returns are annualized

β = nΣxy-(Σx)( Σy)

nΣx2-(Σx) 2

Where n= number of days

X =rolling returns of the NSE index

Y= rolling returns of the schemes

Beta describes the relationship between the stock’s return and the index returns. it describes

the risk in the portfolio with comparing market risk as 1 .

If beta =1

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One percent changes in market index return causes exactly one percent change in the stock

returns. it indicates that the stock moves in tandem with the market .

If Beta <1

Then the stock is less volatile compared to the market.

If Beta >1

Then the stock is more volatile compared to the market. The stock value

With more then 1 beta value is considered to be risky.

If Beta –ve: native Beta indicates that the stock returns moves in the opposite direction to the

market return.

Standard deviation

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It is used to measure the variation in individual returns from the average expected

returns over a certain period. Standard deviation is used in the concept of risk of a portfolio of investments. Higher standard deviation means a greater fluctuation in

expected return.

Name of Scheme

DOI

(30/03/07)

Returns (annualized) 5yrs

Avg

return

SD1 yr 2yr 3yr 4yr 5yr

Reliance Growth Fund (G)

199.52 48.21 93.23 80.40 27.21 53.64 60.54 23.55


137.65 50.45 62.62 60.56 34.41 81.42 57.89 15.43

Reliance Tax Saver (ELLS) Fund(G)

115.193 47.48 106.91 53.02 29.77 18.07 51.05 30.59

Reliance Equity

Opportunities Fund (G)

45.4206 48.24 63.85 70.46 32.17 -2.24 42.50 26.00


26.52 32.47 39.03 28.00 9.97 0.00 27.37 14.59

Standard deviation (SD) =\/ var

Where Var = variance

Var= Σ p (r i-E(r)) 2

Return & Risk

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Name of Scheme DOI(30/03/07) 5 yrs avgreturns sd beta

Reliance Growth Fund (G) 3263.71 60.54 23.55 0.91

Reliance Vision Fund (G) 2473.68 57.89 15.43 0.98

Reliance Tax Saver (ELLS) Fund(G) 1501.78 51.05 30.59 0.93

Reliance Equity Opportunities Fund (G) 2385.65 42.50 26.00 0.96

Reliance Equity Fund (G) 4359.6 27.37 14.59 0.94

Sharpe’s

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Sharpe’s index measures the risk premium of the portfolio relative to the total amt of risk

in the portfolio. This risk premium is the difference between the portfolio’s average rate of returnand the risk less rate of return. The index assigns the highest values to assets that have best risk-

adjusted average rate of returns

Where

st =Sharpe’s index

R p=portfolio return

R f =Risk free rate of return (8 %)

SD= standard deviation of the port folio

St= R P-R f

SD

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Name of Scheme DOI(30/03/07)

5 yrs avg

returns

rp rf sd st

Reliance Growth Fund (G) 3263.71 60.54 8 23.55 2.23

Reliance Vision Fund (G) 2473.68 57.89 8 15.43 3.23

Reliance Tax Saver (ELLS) Fund(G) 1501.78 51.05 8 30.59 1.40

Reliance Equity Opportunities Fund (G) 2385.65 42.50 8 26.00 1.33

Reliance Equity Fund (G) 4359.6 27.37 8 14.59 1.32











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Sharpe's Ranking to Reliance EquityDiversified Schemes

0

0.5

1

1.5

2

2.5

3

3.5

Sharpe’s

Schemes

P e r f o r m

a n c e

Reliance GrowthFund (G)

Reliance Vision

Fund (G)

Reliance Tax Saver (ELLS) Fund(G)

Reliance EquityOpportunities Fund

(G)Reliance EquityFund (G)

Interpretation:

Reliance Vision Fund (G) is performing well and is ranked No 1 according to Sharpe’s as

it is giving higher returns compared to other Schemes.

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Treynor’s Index:

In Treynor’s higher the ratio higher the performance.

Tn =Treynor’s index

Rp=portfolio return

Rf=Risk free rate of return (8 %)

Formula

Tn= R P-R f

Beta

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Name of Scheme DOI(30/03/07)

5 yrs avg

returns

rp rf Beta tn

Reliance Growth Fund (G) 3263.71 60.54 8 0.91 57.74

Reliance Vision Fund (G) 2473.68 57.89 8 0.98 50.91

Reliance Tax Saver (ELLS) Fund(G) 1501.78 51.05 8 0.93 46.29

Reliance Equity Opportunities Fund (G) 2385.65 42.50 8 0.96 35.94Reliance Equity Fund (G) 4359.6 27.37 8 0.94 20.61











Treynors Ranking on Reliance Equity

Diversified Fund

0

1020

30

40

50

60

70

Treynor’s

Schemes

Reliance Growth

Fund (G)

Reliance Vision

Fund (G)

Reliance Tax

Saver (ELLS)

Fund(G)Reliance Equity

Opportunities

Fund (G)

Reliance Equity

Fund (G)

Interpretation:

Reliance Growth Fund (G) is performing well and is ranked No 1 according to Treynor’s

index as it is giving higher returns compared to other Schemes according to him and also the

risk involved is less

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Performance Evaluation Tables

Name of the scheme

DOI

(30/06/06) R p Beta SD Sharpe’s Treynor’s

Reliance Growth Fund (G) 3263.71 60.54 0.91 23.55 2.23 57.74

Reliance Vision Fund (G) 2473.68 57.89 0.98 15.43 3.23 50.91

Reliance Tax Saver (ELLS)Fund(G) 1501.78 51.05 0.93 30.59 1.40 46.29

Reliance Equity Opportunities

Fund (G) 2385.65 42.50 0.96 26.00 1.33 35.94

Reliance Equity Fund (G) 4359.6 27.37 0.94 14.59 1.32 20.61

Analysis of Survey

1.Sources from Investors came to know about Reliance Mutual fund

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Frequency Percent Valid Percent Cumulative

PercentValid Friends/Relatives 12 24.0 24.0 24.0

Newspapers/Televisions

7 14.0 14.0 38.0

Brokers/Agents 16 32.0 32.0 70.0

FinancialConsultants

15 30.0 30.0 100.0

Total 50 100.0 100.0

Sources from Investors came to know about R

Sources from Investors came to know about Relaince Mutual fun

Financial Consultant

Brokers/Agents

Newspapers/Televisio

Friends/Relatives

F r e q u e n c y

20

10

0

Interpretation:

For the popularity of the mutual funds all the means contributed all most equally but the

dominated factor in these factors is advice from the Brokers/Agents, which contributed around

32% followed by the financial agents at 30%.

2.Reliance Schemes most preferred by investors

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Frequency Percent ValidPercent

CumulativePercent

Valid Equity 30 60.0 60.0 60.0

Debt 20 40.0 40.0 100.0

Total 50 100.0 100.0

Reliance Schemes most preferred by investors

Reliance Schemes most preferred by investors

DebtEquity

F r e q u e n c y

40

30

20

10

0

Interpretation:

60% of the respondents prefer equity schemes as investors now days are ready to risk

because they are getting good returns, whereas 40% of the respondents prefer debt schemes.

. 3a.Reliance equity fund

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CumulativePercent

Valid 1 9 18.0 18.0 18.02 1 2.0 2.0 20.0

4 30 60.0 60.0 80.0

5 10 20.0 20.0 100.0

Total 50 100.0 100.0

Reliance equity fund

Reliance equity fund

5421

P e r c e n t

70

60

50

40

30

20

10

0

Interpretation:

Reliance equity fund is ranked 4 th by majority of the Investors as the returns are not so

high compared to the other Schemes of Equity.

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3b.Reliance equity Opportunity fund


CumulativePercent

Valid 1 1 2.0 2.0 2.0

2 9 18.0 18.0 20.0

4 10 20.0 20.0 40.0

5 30 60.0 60.0 100.0

Total 50 100.0 100.0

Reliance equity Oppurtunity fund

Reliance equity Oppurtunity fund

5421

P e r c e n

t

70

60

50

40

30

20

10

0

Interpretation:

Reliance Equity opportunity fund is ranked 5th by 60% of the Investors investing in Reliance

mutual fund as the returns are low and also riskier compared to other 4 schemes.

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3c.Reliance Growth fund


CumulativePercent

Valid 1 26 52.0 52.0 52.0

2 3 6.0 6.0 58.0

3 18 36.0 36.0 94.0

4 3 6.0 6.0 100.0

Total 50 100.0 100.0

Reliance Growth fund

Reliance Growth fund

4321

P e r c e n t

60

50

40

30

20

10

0

Interpretation:

Reliance growth fund is ranked 1 by 50% of the Investors with repect to other schemes

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3d. Reliance Vision fund

Frequency Percent Valid PercentCumulativePercent

Valid 1 2 4.0 4.0 4.0

2 24 48.0 48.0 52.0

3 16 32.0 32.0 84.0

4 7 14.0 14.0 98.0

5 1 2.0 2.0 100.0

Total 50 100.0 100.0

Reliance Vision fund

Reliance Vision fund

54321

P e r c e n t

60

50

40

30

20

10

0

Interpretation:

Reliance Vision fund is ranked 2nd by most of the Investors investing in Reliance mutual

fund as compared to other long term schemes

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3e.Reliance Tax Saver-ELSS


CumulativePercent

Valid 1 12 24.0 24.0 24.0

2 14 28.0 28.0 52.0

3 15 30.0 30.0 82.0

5 9 18.0 18.0 100.0

Total 50 100.0 100.0

Interpretation:

Reliance Tax Saver-

ELSS is ranked 3rd by

most of the Investorsinvesting in Reliance

mutual fund

4a. Safety

Freque

Valid 1 10

2 33

5 2

6 5

Total 50

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Reliance Tax Saver-ELSS

Reliance Tax Saver-ELSS

5321

P e r c e n t

40

30

20

10

0





Safety

Safety

6521

P e r

c e n t

70

60

50

40

30

20

10

0

Interpretation:

Out of the 50 respondents 66 % of them have rated 2 to safety because every investors

needs safety in his investment made but also some of them have given least preference to safety

because as we know “higher the risk higher the return”.

4b. Rate of Return

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Rate of Return

Rate of Return

54321

P e r c e n t

70

60

50

40

30

20

10

0

Interpretation:

66% of the respondents have ranked rate of return as No 1 ranking this is because of the

changing trend where people are ready to take risk but they expect good returns and higher return

each time.

4c. Liquidity

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CumulativePercent

Valid 1 33 66.0 66.0 66.02 9 18.0 18.0 84.0

3 1 2.0 2.0 86.0

4 2 4.0 4.0 90.0

5 5 10.0 10.0 100.0

Total 50 100.0 100.0





Frequency Percent Valid

Percent

Cumulative

PercentValid 1 2 4.0 4.0 4.0

2 1 2.0 2.0 6.0

3 9 18.0 18.0 24.0

4 26 52.0 52.0 76.0

5 12 24.0 24.0 100.0

Total 50 100.0 100.0

Interpretation:

Out of the 50

respondents 52% of

them have ranked

liquidity as 4th ,

whereas only 10% of

them have ranked 3rd which shows liquidity is given least preference when compared to other

factors.

4d. Tax Benefit


CumulativePercent

Valid 2 2 4.0 4.0 4.0

3 26 52.0 52.0 56.0

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Liquidity

Liquidity

54321 P e r c e n t

60

50

40

30

20

10

0





4 9 18.0 18.0 74.0

5 1 2.0 2.0 76.0

6 12 24.0 24.0 100.0Total 50 100.0 100.0

Tax Benefit

Tax Benefit

65432

P e r c e n t

60

50

40

30

20

10

0

Interpretation:

52% of the respondents have ranked 3rd for tax benefit which shows people give

importance for tax benefit as it saves the investors money.

4e. Brand name

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CumulativePercent

Valid 2 5 10.0 10.0 10.03 2 4.0 4.0 14.0

4 13 26.0 26.0 40.0

5 18 36.0 36.0 76.0

6 12 24.0 24.0 100.0

Total 50 100.0 100.0

Brand name

Brand name

65432

P e r c e n t

40

30

20

10

0

Interpretation:

36% of the respondents have ranked 5 th to Brand which shows importance is given to

brand name of the company in which investors are investing as it is shows the credit worthiness

of the company.

4f. Flexibility

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Frequency Percent Valid

Percent

Cumulative

PercentValid 1 5 10.0 10.0 10.0

3 12 24.0 24.0 34.0

5 12 24.0 24.0 58.0

6 21 42.0 42.0 100.0

Total 50 100.0 100.0

Flexibility

Flexibility

6531

P e r c e n t

50

40

30

20

10

0

Interpretation:

42% of the respondents have ranked 6 th to Flexibility which shows not much importance

is given to flexibility as far as investors are getting good return from the schemes.

5a. Reliance Mutual Fund


CumulativePercent

Valid 1 14 28.0 28.0 28.0

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2 34 68.0 68.0 96.0

4 2 4.0 4.0 100.0

Total 50 100.0 100.0

Reliance Mutual Fund

Reliance Mutual Fund

421

P e r c e n t

80

60

40

20

0

Interpretation:

Majority of the respondents have ranked Reliance mutual funds as 2 nd when compared to

the other 4 companies so this shows that in a short span of time Reliance has made a good image

in the eyes of the investors.

5b. HDFC Mutual Fund


CumulativePercent

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Valid 1 2 4.0 4.0 4.0

2 1 2.0 2.0 6.0

3 35 70.0 70.0 76.04 9 18.0 18.0 94.0

5 3 6.0 6.0 100.0

Total 50 100.0 100.0

HDFC Mutual Fund

HDFC Mutual Fund

54321

P e r c e n t

80

60

40

20

0

Interpretation:

Majority of the investors have ranked HDFC mutual fund as 3 rd when compared to other

mutual fund so comparatively it is doing well.

5c. Franklin Templeton Mutual Fund

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Frequency Percent Valid Percent CumulativePercent

Valid 1 32 64.0 64.0 64.02 15 30.0 30.0 94.0

3 2 4.0 4.0 98.0

4 1 2.0 2.0 100.0

Total 50 100.0 100.0

Franklin templeton Mutual Fund

Franklin templeton Mutual Fund

4321 P e r c e n t

70

60

50

40

30

20

10

0

Interpretation:

Franklin has been ranked NO 1 mutual fund company by the respondents when compared

to the other mutual funds as it has maintained its returns over a long period of time.

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5d. UTI mutual Fund


CumulativePercent

Valid 1 1 2.0 2.0 2.0

3 10 20.0 20.0 22.0

4 5 10.0 10.0 32.0

5 34 68.0 68.0 100.0

Total 50 100.0 100.0

UTI mutual Fund

UTI mutual Fund

5431

P e r c e n t

80

60

40

20

0

Interpretation:

Majority of the investors are not preferring UTI mutual funds as their returns are very low

when compared to their previous records and so it is been ranked 4th by the investors.

PRAVEEN JAIN





5e. ICICI mutual fund


CumulativePercent

Valid 1 1 2.0 2.0 2.0

3 3 6.0 6.0 8.0

4 33 66.0 66.0 74.0

5 13 26.0 26.0 100.0

Total 50 100.0 100.0

Interpretation:

Majority of the

investors are not

preferring UTI mutual

funds as their returns

are very low when

compared to other 3

companies but it is ranked 4th that shows it is performing good than UTI mutual fund.

PRAVEEN JAIN

ICICI mutual fund

ICICI mutual fund

5431

P e r c

e n t

70

60

50

40

30

20

10

0





Findings

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• 32% of the Investors have come to know about Reliance mutual fund through

Brokers/Agents followed by 30% who have come to know through Financial

Consultants

• 60% of the Investors are giving more preference to Equity schemes as they are giving

higher return whereas 40% of them prefer Debt Schemes because of the Safety they

provide

• 52% of the investors prefer Reliance Growth Fund followed by Reliance Vision Fund and

other Schemes.

• 66% of the investors give most importance to Rate of return as they expect higher and

higher returns followed by Safety as it is also important aspect of investors.

• Reliance Mutual Fund is Ranked 2nd by the Investors i.e. 68% of them have ranked

Reliance as 2nd and Franklin Templeton is Ranked 1st.

PRAVEEN JAIN





SUGGESTIONS

PRAVEEN JAIN





• Holding a seminar and presentations or Investors meet in the stock broking firm help the

investors to remove any misconception regarding the Mutual Fund and this will create

awareness of Mutual fund.

• Agents are the main person who influences the investment decision. Company can hire

fresh graduates train them and sponsor for the AMFI exam just like insurance companies

who conduct IRDA training. This will increase the feet on street for the mutual fund

companies.

• Company has to provide timely services to its customers so that it can compete with its

competitors like Franklin Templeton and HDFC.

CONCLUSION

After the analysis made on the performance of Equity Schemes of Reliance

Mutual Fund I can conclude that Equity schemes are most preferred by Investors and overall

Reliance Vision Fund and Reliance Growth scheme are doing extremely well in the market

satisfying the customer wants of high returns and also through survey conducted it is clear

that Reliance is performing quite well so it has been ranked 2nd among the selected

companies. From the study we also came to know that according to Sharpe ‘s Reliance

Vision fund is ranked First but according to Treynor’s Reliance growth fund is ranked First.

PRAVEEN JAIN





Bibliography

• Reliance Fact Sheets

• Invest smart financial Journal

Websites

- www.myris.com

- www.reliancemf.com

- www.equitymaster.com

PRAVEEN JAIN

http://www.myris.com/

http://www.reliancemf.com/

http://www.equitymaster.com/

http://www.myris.com/

http://www.reliancemf.com/

http://www.equitymaster.com/





Annexure

PRAVEEN JAIN





QUESTIONNAIRE

Dear Sir/Madam:

Personal Details:

• Name : _____________________________________________

• Address : _____________________________________________

• Occupation : _____________________________________________

• Contact No : _____________________________________________

1. How did you come to know about Reliance mutual Fund?

Friends /Relatives News papers / magazines

Brokers/Agents Financial consultants.

Other_________________________

.

2. Which Schemes of Reliance Mutual fund would you prefer the most?

Equity Schemes Debt Scheme

3. Which Equity Scheme you prefer the most in Reliance Mutual Fund?

PRAVEEN JAIN





(Rank them from 1 to 5, 1 being the most preferred and 5 being the least)

Reliance Growth [ ]

Reliance Vision Fund [ ]

Reliance Equity Opportunity Fund [ ]

Reliance Tax Saver (ELSS) Fund [ ]

Reliance Equity Fund [ ]

4. What factors do you consider while investing in mutual fund?

(Rank them from 1 to 6. No1 for preferred and No 6 for least preferred)

Safety Rate of return

Liquidity Tax benefit

Flexibility Brand Name

5. How would you rate Reliance mutual fund when compared to the other mutualFund? (Rank them from 1 to 5, 1 being the Highest & 5 being the lowest).

Reliance [ ]

HDFC [ ]

Franklin Templeton [ ]

UTI [ ]

Pru ICICI [ ]

THANK YOU

PRAVEEN JAIN





Details about top schemes

RELIANCE VISION FUND

PRAVEEN JAIN

Structure Open ended Equity Growth Scheme

Inception Date 08/10/1995

Corpus 2473.68 crore

Minimum Invst 5000

Fund Manager Ashwini Kumar

Entry Load 2.25%

Exit Load Nil

Investment Objective The primary investment objective of the scheme is to achieve

long-term growth of capital by investment in equity and

equity-related securities through a research-based investment

approach.





RELIANCE GROWTH FUND



Corpus 3263.71

Minimum Invst 5000

Fund Manager Sunil Singhania

Entry Load 2.25%

Exit Load Nil

Investment Objective The primary investment objective of the scheme is to achievelong-term growth of capital by investing in equity and equity

related securities through a research-based

investment approach.

PRAVEEN JAIN





RELIANCE TAX SAVER FUND



Corpus 1501.78

Minimum Invst 500

Fund Manager Ashwani Kumar

Entry Load 2.25%Exit Load Nil

Investment Objective The primary objective of the scheme is to generate long-term

capital appreciation from a portfolio that is invested

predominantly in equity and equity-related instruments.

PRAVEEN JAIN





RELIANCE EQUITY OPPURTUNITY FUND

PRAVEEN JAIN



Corpus Rs 2,385.65 crore

Minimum Invst 5000

Fund Manager .Sailesh Raj Bhan

Entry Load 2.25%

Exit Load Nil

Investment Objective The primary investment objective of the scheme is to seek to

generate capital appreciation and provide long-term growthopportunities by investing in a portfolio constituted

of equity securities & equity-related securities and the

secondary objective is to generate consistent returns byinvesting in Debt and Money Market securities.





RELIANCE EQUITY FUND

PRAVEEN JAIN



Corpus Rs 4359.6 crore

Minimum Invst 5000

Fund Manager .Sailesh Raj Bhan

Entry Load 2.25%

Exit Load Nil

Investment Objective The primary investment objective of the scheme is to seek to

generate capital appreciation and provide long-term growthopportunities by investing in a portfolio constituted

opportunities by investing in a portfolio constituted of equity

and equity related securities of top 100 companies by marketcapitalization and of companies which are available in the

derivatives segment from time to time and the secondary

objective is to generate consistent returns by

investing in debt and money market securities.

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