MAJOR PROJECT REPORT

ON
INVESTMENT ANALYSIS AND PORTFOLIO
MANAGEMENT: A SURVEY
A Project report submitted in partial fulfillment of the requirement for
the degree of
MASTERS OF BUSINESS ADMINISTRATION
(Finance)
(2007-2009)
Under the Supervision of
Dr. Liaqat Ali Khan

Submitted by:
Name of Student: Varun Dhawan
MBA II
Roll No.: 2 7 5 1

SCHOOL OF MANAGEMENT STUDIES

P U N J A B I U N I V E R S I T Y PATI A L A

CERTIFICATE

This is to certify that the project report entitled "Investment Analysis and Portfolio
Management: A survey submitted by Mr. Varun Dhawan to the Punjabi University,
Patiala in partial fulfillment of the requirements for the degree of Masters of Business
Administration (MBA) is a bonafide research work completed under my guidance and
supervision. No part of this project report has ever been submitted for any other degree or
diploma. The assistance rendered during the course of the study has been duly acknowledged.

Dr. Liaqat Ali Khan

School of Management Studies,
Punjabi University, Patiala

DECLARATION

Certified that I Varun Dhawan of Master of Business Administration (MBA) have prepared
report titled Investment Analysis and Portfolio Management: A survey under the
guidance of Dr. Liaqat Ali Khan Lecturer in School of Management Studies, Punjabi
University Patiala in the partial fulfillment of the requirements for the degree of Master of
Business Administration. There by certify that no part of this report has been submitted for
any other degree.

Varun Dhawan
Roll No. 2751
MBA 2nd year

ACKNOWLEDGEMENT

This humble endeavor bears the imprint of many persons who were in one way or the other
helpful in the completion of my final research project. I would like to take this opportunity to
present my vote of thanks to my guides who acted as lighting pillars to enlighten my way
through out this project. This project would not have been possible without the kind
assistance and guidance of many people who indeed were helpful, cooperative and kind
during the entire course of my project.
The acknowledgment would not be complete without expressing my indebtedness to my
Honble Head of Department Dr. A.S. Chawla and revered and learned faculty guide Dr.
Liaqat Ali Khan who guided me in this project and was the constant source of reference for
me and showed full interest at each and every step of my project.

Varun Dhawan

CONTENTS

CHAPTER
NO.

PARTICULARS

PAGE
NO.

INTRODUCTION

PORTFOLIO MANAGEMENT

26

RESEARCH DESIGN

31

DATA ANALYSIS AND INTERPRETATION

39

FINDINGS AND CONCLUSION

55

BIBLIOGRAPHY

58

ANNEXURE

60

LIST OF TABLES

Table No.

Title

Table 4.1

Distribution according to nature of respondents

Page
No.
39

Table 4.2

Preference regarding Time Period of Investment

40

Table 4.3

Preferred Investment option

41

Table 4.4

Rate of Return expectation

42

Table 4.5

Purpose of investment

43

Table 4.6

Criteria for investment decision

44

Table 4.7

Demat account

45

Table 4.8

Market condition for investment

46

Table 4.9

Consultation while investing

47

Table 4.10

Portfolio management

48

Table 4.11

Perception regarding portfolio return

49

Table 4.12

Managing Portfolio

50

Table 4.13

Credit rating companies ratings

51

Table 4.14

Perception regarding evaluation done by credit rating agency

52

Table 4.15

Non-financial factors for investment decision

53

Table 4.16

Mean score Table

54

LIST OF FIGURES
Figure No.

Title

Figure 1.1

Mutual Fund process

Page
No.
7

Figure 2.1

Portfolio Management Process

29

Figure 4.1

Total respondents

39

Figure 4.2

Preference regarding Time Period of Investment

40

Figure 4.3

Preferred Investment option

41

Figure 4.4

Rate of Return expectation

42

Figure 4.5

Purpose of investment

43

Figure 4.6

Criteria for investment decision

44

Figure 4.7

Demat account

45

Figure 4.8

Market condition for investment

46

Figure 4.9

Consultation while investing

47

Figure 4.10

Portfolio management

48

Figure 4.11

Perception regarding portfolio return

49

Figure 4.12

Managing Portfolio

50

Figure 4.13

Credit rating companies ratings

51

Figure 4.14

Perception regarding evaluation done by credit rating agency

52