ICICI Mutual Fund: Belgaum Institute of Management Studies MBA

ICICI Mutual Fund
Peoples Education Society & Trusts
BELGAUM INSTITUTE OF MANAGEMENT STUDIES, MBA, Belgaum.

Bhutramanhatti, Adjacent to KUD PG Center, Belgaum.
(Recognized by AICTE, New Delhi & Affiliated to Karnataka University, Dharwad.)
Systematic Investment Plan as an alternative to Recurring Deposit

A Report Submitted In Partial Fulfilment The Requirement For The Award Of
MASTERS DEGREE IN BUSINESS ADMINISTRATION

2005-2006 Submitted by
SUHAS N. GIRAGATTI
EXAM NO MBA05006049
Internal Guide
External Guide
Miss. Rekha
Faculty at MBA BIMS, Belgaum
Miss.Asha A
(Branch Manager) Pru-ICICI, Hubli
_______________________________________________________________________________
BELGAUM INSTITUTE OF MANAGEMENT STUDIES, BELGAUM
ICICI Mutual Fund
Peoples Education Society & Trusts
BELGAUM INSTITUTE OF MANAGEMENT STUDIES, MBA

Bhutramanhatti, Adjacent to KUD PG Center, Belgaum. (Recognized by AICTE, New Delhi & Affiliated to Karnataka University Dharwad)
CERTIFICAT E
This is to certify that Mr.Suhas N. Giragtti, K.U.D Examination NO.MBA05006049 of MBA II Semester has Successfully completed his Summer Inplant Training 2005-2006 for the said of 2 months May-15 to July 2006.
Project Guide
Director
_______________________________________________________________________________
ICICI Mutual Fund
ACKNOWLEDGEMENT
The completion and drafting is a task but one which has been made smoother with the help of many. Here I take the opportunity to thank those who have made a vital contribution in shaping this study. I would like to thank Miss. Asha A. for giving me an opportunity to study at Prudential ICICI Mutual Fund Hubli. I would also like to thank them for giving me the necessary guidance support & sparing there valuable time in helping me to successfully to complete this project. I would like to thank my external guide Miss. Rekha for there guidance & support. Very special thank to all the employees of Prudential ICICI Mutual Fund who have helped me in spite of their busy schedule. I would also like to thank my faculties, my parents, and my friends in a very special way for their infinite love and support in completing the project work.
_______________________________________________________________________________
ICICI Mutual Fund STUDENT DECLARATION I here by declare that the Project Report entitled
Systematic Investment Plan as an alternative to Recurring Deposit

Submitted in partial fulfillment of the requirements for the degree of
Master of Business Administration (MBA)
To Karnataka University Dharwad, it is my original and independent work carried out by me under the guidance of Miss. Asha A. (Company Guide) and Miss. Rekha (Internal Guide). I further declare that this project has not submitted for the award of any other degree, diploma, fellowship, or any other similar title or prize.
Place: Belgaum Date: MBA05006049)
Mr. Suhas N. Giragatti (Reg. No:
_______________________________________________________________________________
ICICI Mutual Fund

TABLE OF CONTENTS
SL .NO PARTICULARS Page No.
1 2 3 4 5 6 7 8 9 10
Industry profile Company profile Organization structure Meaning of Mutual Fund Advantages and disadvantages of MF Types of Mutual Fund About Systematic Investment Plan Objectives of the study and Methodology Findings Research design
2 to 5 6 to 7 8 to 9 10 to 12 13 to 15 16 to 23 24 25 to 26 26 27 to 30
_______________________________________________________________________________
ICICI Mutual Fund

INDUSTRY PROFILE
In 1955 the Industrial Credit and Investment Corporation of India Limited (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses.
ICICI emerges as the major source of foreign currency loans to Indian industry. Besides funding from the World Bank and other multi-lateral agencies, ICICI also among the first Indian companies to raise funds from international markets.
Year: 1969: First two regional offices in Calcutta and Madras were opened.
Year: 1972: Second entity in India to set-up merchant banking services.
Year: 1977: ICICI sponsors the formation of HDFC (Housing Development Finance Corporation) managed its first equity public issue.
Year: 1982: ICICI commences leasing business.
_______________________________________________________________________________
ICICI Mutual Fund

Year: 1986 ICICI first Indian institution to receive ADB loans. First public issue by an Indian entity in the Swiss Capital Markets. ICICI along with UTI sets up Credit Information Services of India Ltd. (CRISIL) Indias first professional credit rating agency. ICICI promotes shipping Credit and Investment Company of India Ltd. (SCICI).
Year: 1987:
ICICI signed a loan agreement for sterling pound 10 million with
commonwealth Development Corporation (CDC), the first loan by CDC for financing projects in India.
Year: 1988:
ICICI promotes TDICI Indias first venture capital company.
Year: 1993: ICICI sets up ICICI Asset Management Company.
Year: 1996: ICICI becomes the first company in the Indian financial sector to raise GDR.
Year: 1997: The name The Industrial Credit and Investment Corporation of India Limited was changed to ICICI Limited.
Year: 1998: Introduced the new logo symbolizing a common corporate identity for the ICICI Group.
_______________________________________________________________________________
ICICI Mutual Fund
Year: 1999: ICICI launches retail finance- car loans, house loans, and loans for consumer durables.
Year: 2000: ICICI bank becomes the first commercial bank from India to list its stock on NYSE. Year: 2001: The boards of ICICI Ltd and ICICI bank approved the merger of ICICI with ICICI bank.
Year: 2002: Merger of ICICI Ltd, ICICI Capital Services Ltd and ICICI Personal Financial Services Ltd with ICICI bank. Year: 2006 Winner of CNBC TV 18-CRISIL Mutual fund of the year award 2006
_______________________________________________________________________________
ICICI Mutual Fund
SUBSIDIARY COMPANIES OF ICICI

Principal subsidiaries of ICICI are:
1. ICICI securities and finance Co Ltd. ICICI Brokerage Services Ltd. ICICI securities Holding Incorporation Subsidiary. ICICI securities Incorporation.
2. ICICI Venture Funds Management Co Ltd. ICICI International Ltd.
3. ICICI Prudential Life Insurance Co Ltd. ICICI Investment Management Co Ltd.
4. ICICI Lombard General Insurance Co Ltd. ICICI Trusteeship Services Ltd.
5. ICICI Home Finance Co Ltd.
_______________________________________________________________________________
ICICI Mutual Fund
COMPANY PROFILE
Prudential ICICI Asset Management Company, (49%:51%) a joint venture between Prudential Plc, UK's leading insurance company and ICICI Bank Ltd, India's premier financial institution.
The joint venture was formed with the key objective of providing the Indian investor mutual fund products to suit a variety of investment needs. The AMC has already launched a range of products to suit different risk and maturity profiles.
Prudential ICICI Asset Management Company Limited has a net worth of about Rs. 80.14 crore (1 crore = 10 million) as of March 31, 2004. Both Prudential and ICICI Bank Ltd have a strategic long-term commitment to the rapidly expanding financial services sector in India.
_______________________________________________________________________________
ICICI Mutual Fund

Board of directors of the AMC
The Prudential ICICI AMC Board comprises reputed people from the finance industry both from India and abroad. Mr. K. V. Kamath - Chairman Mr. Mark Norbom Mr. Ajay Srinivasan Ms. Kalpana Morparia Ms. Shikha Sharma Mr. K. S. Mehta Mr. Dadi Engineer Mr. B. R. Gupta Mr. Pradip P. Shah Dr. (Mrs.) Swati A Piramal Mr. Pankaj Razdan - Managing Director
_______________________________________________________________________________
ICICI Mutual Fund

The directors of the Trustee Company
Mr. E. B. Desai - Chairman Mr. D. J. Balaji Rao Mr. Nagesh Pinge Mr. S. P. Subhedar Mr. M. S. Parthasarathy
_______________________________________________________________________________
ICICI Mutual Fund

ORGANIZATION STRUCTURE
The SEBI (Mutual Funds) Regulations 1993 define a mutual fund (MF) as a fund established in the form of a trust by a sponsor to raise monies by the Trustees through the sale of units to the public under one or more schemes for investing in securities in accordance with these regulations. These regulations have since been replaced by the SEBI (Mutual Funds) Regulations, 1996. The structure indicated by the new regulations is indicated as under.A mutual fund comprises four separate entities, namely sponsor,
mutual fund trust, AMC and custodian. The sponsor establishes the mutual fund and gets it registered with SEBI. The mutual fund needs to be constituted in the form of a trust and the instrument of the trust should be in the form of a deed registered under the provisions of the Indian Registration Act, 1908. The sponsor is required to contribute at least 40% of the minimum net worth (Rs. 10 crore) of the asset management company. The board of trustees manages the MF and the sponsor executes the trust deeds in favour of the trustees. It is the job of the MF trustees to see that schemes floated and managed by the AMC appointed by the trustees are in accordance with the trust deed and SEBI guidelines.
_______________________________________________________________________________
ICICI Mutual Fund

ORGANIZATION CHART
Sponsor company (e.g. Prudential , ICICI) Establishes the MF as a trust registers the MF with SEBI
Managed by a board of Trustees Mutual Fund (e.g. Prudential ICICI with SEBI and ensure Mutual Fund) AMC (e.g. Prudential ICICI guidelines and AMC Asset Management agreement. Company ) Custodian Registrar Distributors Provides custodial services Provides register and transfer services Provides the network for distribution of the schemes to the investors. compliance. Float MFs managers the fund as per SEBI Hold unit-holders in MF enter into an agreement
_______________________________________________________________________________
ICICI Mutual Fund

MEANING OF MUTUAL FUND
A Mutual Fund is a body corporate that pools the savings of a number of investors and invests the same in a variety of different financial instruments, or securities. The Investment objectives outlined by a Mutual Fund in its prospectus are binding on the Mutual Fund scheme. The investment objectives specify the class of securities a Mutual Fund can invest in. Mutual Funds invest in various asset classes like equity, bonds, debentures, commercial paper and government securities.
What are the benefits of investing in Mutual Funds? 1. Qualified and experienced professionals manage Mutual Funds. Generally, investors, by themselves, may have reasonable capability, but to assess a financial instrument a professional analytical approach is required in addition to access to research and information and time and methodology to make sound investment decisions and keep monitoring them. 2. Since Mutual Funds make investments in a number of stocks, the resultant diversification reduces risk. They provide the small investors with an opportunity to invest in a larger basket of securities. 3. The investor is spared the time and effort of tracking investments, collecting income, etc. from various issuers, etc. 4. It is possible to invest in small amounts as and when the investor has surplus funds to invest.
_______________________________________________________________________________
ICICI Mutual Fund

5. Mutual Funds are registered with SEBI. SEBI monitors the activities of Mutual Funds. 6. In case of open-ended funds, the investment is very liquid as it can be redeemed at any time with the fund unlike direct investment in stocks/bonds.
HOW SAFE ARE MUTUAL FUNDS:

By investing in mutual funds, the risk is not totally removed but one will
have the benefits of diversification. NAV of growth funds mirrors the fluctuations of the share prices of its
constitutes. Sometimes there is permanent erosion in value too. Bond funds, in which the constituents are debt instruments, dont waver so
much. Income funds seldom face permanent value erosion. Generally, mutual funds are not guaranteed by anybody. However, in the
Indian context, some of the mutual funds have floated guaranteed or assured return schemes that guarantee a certain annual return or guarantee a buyback at a specified price after some time. Examples of these include funds floated by the TI, cannabis mutual fund,
BSI mutual fund, etc. many of these funds have not earned returns that they promised and the asset management companies of the respective mutual funds or their sponsors have made good their promises.
_______________________________________________________________________________
ICICI Mutual Fund
Net Asset Value (NAV): It is the market price of the units of the mutual funds. The sales and purchase of the mutual funds are NAV related. It is calculated as
NAV =
Current Assets - Current Liabilities & provisions NO. Of outstanding units
Load: Load is the factor that is applies to the NAV of a scheme to arrive at the price .if a commission is paid to agents, to bring in new business; this represents a cost incurred by the mutual fund, for the additional sales. The fund may therefore decide that investors, who are already in the scheme, need not bear this cost. Therefore it may decide to impose this cost on the new investors, by increasing the price at which they can buy units. This is called ENTRY LOAD if a investor stays in a fund for a short while, and decides to repurchase his units, the fund may incur some costs in liquidating the portfolio and paying off this investor. The fund may want to impose the cost of this operation on the exiting investor, in the form of a load. This is called as EXIT LOAD
_______________________________________________________________________________
ICICI Mutual Fund

ADVANTAGES AND DISADVANTAGES
ADVANTAGES: 1. PROFESSIONAL MANAGEMENT:
Mutual funds are backed by experienced and skilled professionals, a dedicated investment research team that analyses the performance and prospects of companies and selects investments.
2. DIVERSIFICATION:
Mutual funds always have an investment mix. The diversity in this mix spreads out the probability of profits and losses, reducing the risk of a substantial fall in the money you have invested.
3. RETURN POTENTIAL:
Over a medium to long term, mutual funds have the potential to provide a higher net return as they invest in a diversified basket of selected securities.
4. ECONOMIES:
Mutual funds are a relatively less expensive way to invest compared to directly investing in the capital markets because the benefits of scale I brokerage, custodian and other fees translate into lower costs for investors. 5. LIQUIDITY: In open end schemes, the investor gets the money back promptly at net NAV pegged prices. In closed end schemes, the units can be sold on a stock exchange at the prevailing market price. The fund also repurchases from the investors at NAV pegged prices.
_______________________________________________________________________________
ICICI Mutual Fund

6. FLEXIBILITY: Through features such as regular investment plans, regular withdrawal plans and dividend reinvestment plans, you can systematically invest or withdraw funds according to your needs and convenience.
7. TRANSPARENCY:
You get regular information on the value of your investment in addition to disclosure on the specific investments made by your scheme, the proportion invested in each class or assets and the fund managers investment strategy and outlook.
8. AFFORDABILITY:
Investors individually may lack sufficient funds to invest in high-grade stocks. A mutual fund because of its large corpus allows even a small investor to take the benefit of its investment strategy.
9. INVESTOR SAFTY:
All mutual funds are registered with SEBI and they function within the provisions of strict regulations designed to protect the interests of investors. The operations of mutual funds are regularly monitored by SEBI.
_______________________________________________________________________________
ICICI Mutual Fund
DISADVANTAGES: No Control Over Costs:

Since investors do not directly monitor the funds operations they cannot control the costs effectively. Regulators therefore usually limit the expenses of mutual funds.
NO TRAILER MADE PORTFOLIO:

Mutual fund portfolios are created by AMCs into which investors invest. They cannot create tailor made portfolios.
_______________________________________________________________________________
ICICI Mutual Fund
TYPES OF FUNDS
The different schemes and funds:
There are wide varieties of Mutual Fund schemes that cater to investor needs, whatever the age, financial position, risk tolerance and return expectations. The mutual fund schemes can be classified according to both their investment objective (like income, growth, tax saving) as well as the number of units (if these are unlimited then the fund is an open-ended one while if there are limited units then the fund is close-ended).
_______________________________________________________________________________
ICICI Mutual Fund
Types of Funds
Capitalization Investment Growth funds Growth and income funds Fixed income funds Balanced /Equity income fund Money market funds/ liquid Specialty / sector funds Open -ended schemes Close ended schemes
CAPITALIZATION Open-ended schemes These funds are sold at the NAV based prices, generally
calculated on every business day. These schemes have unlimited capitalization, openended schemes do not have a fixed maturity - i.e. there is no cap on the amount you
_______________________________________________________________________________
ICICI Mutual Fund

can buy from the fund and the unit capital can keep growing. These funds are not generally listed on any exchange. Open-ended funds are bringing in a revival of the mutual fund industry owing to increased liquidity, transparency and performance in the new open-ended funds promoted by the private sector and foreign players. Open-ended funds score over close-ended ones on several counts. Some of these are listed below:
a) Any time exit option: The issuing company directly takes the responsibility of
providing an entry and an exit. This provides ready liquidity to the investors and avoids reliance on transfer deeds, signature verifications and bad deliveries.
b) Tax advantage: Though Budget 2004 proposals envisage a tax rate of 20.91 %(
Corporate investors) and 13.06875 %( Non-Corporate investors) on dividend distribution made by the Debt funds, the funds continue to remain attractive investment vehicles. In equity plans there is no distribution tax.
c) Any time entry option: An open-ended fund allows one to enter the fund at
any time and even to invest at regular intervals (a systematic investment plan).
The open ended funds offered by PruCICI are Liquid Plan, Income Plan, GiltTreasury, Gilt-Investment, Balanced Fund, Growth Fund, Tax Plan , FMCG Fund, Technology Fund, Monthly Income Plan , Fixed Maturity Plan, Child Care Plan, Power and Short Term Plan
_______________________________________________________________________________
ICICI Mutual Fund

Close Ended Schemes
Schemes that have a stipulated maturity period, limited capitalization and the units are listed on the stock exchange are called close-ended schemes. These schemes have historically seen a lot of subscription. This popularity is estimated to be on account of firstly, public sector MFs having floated a lot of closeended income schemes with guaranteed returns and secondly easy liquidity on account of listing on the stock exchanges. The closed-ended fund managed by PruICICI is ICICI Premier.
_______________________________________________________________________________
ICICI Mutual Fund
INVESTMENT
Classification according to investment objectives: Mutual funds have specific investment objectives such as growth of capital, safety of principal, current income or tax-exempt income. In general mutual funds fall into three general categories:

Equity Funds invest in shares or equity of companies. Fixed-Income funds invest in government or corporate securities that offer fixed rates of return.
Balanced Funds invest in a combination of both stocks and bonds.
i) Growth Funds:
These funds seek to provide growth of capital with secondary emphasis on dividend. They invest in shares with a potential for growth and capital appreciation. Because they invest in well-established companies where the company itself and the industry in which it operates are thought to have good long-term growth potential, growth funds provide low current income. Growth funds generally incur higher risks than income funds in an effort to secure more pronounced growth. These funds may invest in a broad range of industries or concentrate on one or more industry sectors. Growth funds are suitable for investors who can afford to assume the risk of potential loss in value of their investment in the hope of achieving substantial and rapid gains.
_______________________________________________________________________________
ICICI Mutual Fund

They are not suitable for investors who must conserve their principal or who must maximize current income.
ii) Growth and Income Funds

Growth and income funds seek long-term growth of capital as well as current income. The investment strategies used to reach these goals vary among funds. Some invest in a dual portfolio consisting of growth stocks and income stocks, or a combination of growth stocks, stocks paying high dividends, preferred stocks, convertible securities or fixed-income securities such as corporate bonds and money market instruments. Others may invest in growth stocks and earn current income by selling covered call options on their portfolio stocks. Growth and income funds have low to moderate stability of principal and moderate potential for current income and growth. They are suitable for investors who can assume some risk to achieve growth of capital but who also want to maintain a moderate level of current income.
iii) Fixed-Income Funds

The goal of fixed income funds is to provide current income consistent with the preservation of capital. These funds invest in corporate bonds or government-backed mortgage securities that have a fixed rate of return. Within the fixed-income category, funds vary greatly in their stability of principal and in their dividend yields. High-yield funds, which seek to maximize yield by investing in lower-rated bonds of longer maturities, entail less stability of principal than fixed-income funds that invest in higher-rated but lower-yielding securities.
_______________________________________________________________________________
ICICI Mutual Fund

Some fixed-income funds seek to minimize risk by investing exclusively in securities whose timely payment of interest and principal is backed by the full faith and credit of the Indian Government. Fixed-income funds are suitable for investors who want to maximize current income and who can assume a degree of capital risk in order to do so.
iv) Balanced
The Balanced fund aims to provide both growth and income. These funds invest in both shares and fixed income securities in the proportion indicated in their offer documents. Ideal for investors who are looking for a combination of income and moderate growth.
v) Money Market Funds/Liquid Funds

For the cautious investor, these funds provide a very high stability of principal while seeking a moderate to high current income. They invest in highly liquid, virtually risk-free, short-term debt securities of agencies of the Indian Government, banks and corporations and Treasury Bills. Because of their short-term investments, money market mutual funds are able to keep a virtually constant unit price; only the yield fluctuates. Therefore, they are an attractive alternative to bank accounts. With yields that are generally competitive with - and usually higher than -- yields on bank savings account, they offer several advantages. Money can be withdrawn any time without penalty. Although not insured, money market funds invest only in highly liquid, shortterm, top-rated money market instruments.
_______________________________________________________________________________
ICICI Mutual Fund

Money market funds are suitable for investors who want high stability of principal and current income with immediate liquidity.
vi) Specialty/Sector Funds

These funds invest in securities of a specific industry or sector of the economy such as health care, technology, leisure, utilities or precious metals. The funds enable investors to diversify holdings among many companies within an industry, a more conservative approach than investing directly in one particular company. Sector funds offer the opportunity for sharp capital gains in cases where the fund's industry is "in favor" but also entail the risk of capital losses when the industry is out of favor. While sector funds restrict holdings to a particular industry, other specialty funds such as index funds give investors a broadly diversified portfolio and attempt to mirror the performance of various market averages.
_______________________________________________________________________________
ICICI Mutual Fund
PRUDENTIAL ICICI MUTUAL FUND SCHEMES EQUITY SCHEMS PRUDENTIAL ICICI ASSET ICICI POWER PRUICICI INDEX FUND PRUICICI GROWTH PLAN PRUICICI DISCOVERY PLAN PRUICICI EMERGING S.T.A.R FUND PRU ICICI DYNAMIC PLAN PRUICICI LIQUID PLAN PRUICICI INCOME PLAN PRUICICI GILT FUND PRUICICI SHORT TERM PLAN PRUICICI FLEXIBLE INCOME PRUICICI MONTHLY INCOME PLAN PRUICICI FLOATING PLAN
_______________________________________________________________________________
ICICI Mutual Fund
DEBT SCHEMES PRUICICI BALANCED FUND PRUICICI GROWTH PLAN PRUICICI TAX PLAN PRUICICI FMCG FUND PRUICICI TECHNOLOGY FUND
EQUITY SCHEMES
ICICI POWER Open-ended Growth Fund Investment objective: The primary objective of the scheme is to generate capital appreciation through investments in equity and equity related securities in core
sectors and associated feeder industries. However, there can be no assurance that the investment objectives of the scheme will be realized.
Asset Allocation Pattern: Equity and equity related securities including nonconvertible portion of convertible debentures upto 95% and at least 5% in debt and money market securities.
_______________________________________________________________________________
ICICI Mutual Fund

Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each. Name of the Fund Manager: Mr. Anil Sarin Entry load: 1) For investment of less than Rs. 5 crores : Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above : Nil Exit Load : Nil
INDEX FUND Open-ended Index Linked Growth Fun INVESTMENT OBJECTIVE: The objective of the Plan is to invest in companies Whose securities are included in Nifty and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in almost all the stocks comprising the S&P CNX Nifty in approximately the same weightage that they represent in S&P CNX Nifty or to under perform it. The objective is that the performance of the NAV of the plan should closely track the performance of the S&P CNX Nifty over the same period.
Asset Allocation Pattern: Equity stocks drawn from the components of the S&P CNX Nifty and the exchange traded and derivatives on the S&P CNX Nifty-90% to100% and money market instruments-0% to 10%
_______________________________________________________________________________
ICICI Mutual Fund

Systematic Investment Plan: Monthly: Minimum Rs5000 + 6 post dated cheques of Rs1000 Quarterly: Minimum Rs5000 + 4 post dated cheques of Rs1500 Name of Fund Manager: Mr. Yogesh Bhat Entry Load: Nil Exit Load: (a) For investment of Rs500000 and less :0.5% of applicable NAV in case the amount sought to be redeemed is not being invested under the Nifty plan for a minimum period of 1 year (b) For investment of over Rs500000: Nil
DISCOVERY FUND Open-ended Growth Fund Investment objective: To generate through a combination of dividend income and capital appreciation by investing primary in a well-diversified portfolio of value stock. Value stock are those, which have attractive valuations in relation to earning or book value or current and/or future dividends. Asset Allocation Pattern: Equity and equity related securities 80% to 100% and cash and money market instrument 0% to 20% Systematic Investment Plan: Monthly : minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each. Name of the Fund Manager: Mr. Sankaran Naren
_______________________________________________________________________________
ICICI Mutual Fund
Entry load: 1) For investment of less than Rs. 5 crores : Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above : Nil Exit Load: Nil
EMERGING S.T.A.R. (Stocks Targeted At Returns) FUND Open-ended Equity Fund Investment objective: prudential ICICI Emerging S.T.A.R. fund is an open-ended scheme having a primary objective to generate capital appreciation by actively investing in diversified mid cap stocks. The scheme will invest primarily in companies that have a market capitalization between 100 crores and 2000 crores. Asset Allocation Pattern: Equity and equity related instruments 90 to 100% and debt securities, cash and money market instruments 0 to 10% Systematic Investment Plan: Monthly : minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each. Name of the Fund Manager: Mr. Anil Sarin
DYNAMIC PLAN Open-ended Equity Fund Investment objective: To generate capital appreciation by actively investing in equity / equity related securities. For defensive considerations, the scheme may invest
_______________________________________________________________________________
ICICI Mutual Fund

in debt, money market instruments, to the extent permitted under the regulations. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above so as to maximize the returns. Asset Allocation Pattern: Equity and equity related instruments 0 to 100% and debt, money market and cash 0 to 100% Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each Name of the Fund Manager: Mr. Anil Sarin Entry load: 1) For investment of less than Rs. 5 crores: Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above: Nil Exit Load: Nil
INFRASTRUCTURE FUND: Open Ended Equity Fund: Investment objective: Prudential ICICI infrastructure fund is an open ended equity scheme with that seeks to generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure industries and balance in debt securities and money market instruments including call money.
_______________________________________________________________________________
ICICI Mutual Fund
Asset allocation pattern: Equity and equity related securities-70% to 100%; Debt, money market instruments and call money- 0% to 30% Systematic Investment Plan: Monthly minimum Rs1000 + 5 post dated cheques of Rs1000 each Name of Fund Manager: Mr. Sankaran Naren Entry Load: 1) For all purchases of less than Rs5 crores per transaction-2.25% 2) For purchases of Rs5 crores and above per transaction-Nil Exit Load: 1) If the amount originally invested per transaction is less than Rs5 crores and the redemption request is made before completion of 6 months from the date of allotment of units-1% 2) If the amount originally invested per transaction is less than Rs5 crores or more and whether redemption is sought within 6 months or beyond; or any amount invested for which the redemption request is made on or after the completion of 6 months from the date of allotment of units-Nil
_______________________________________________________________________________
ICICI Mutual Fund
INCOME PLAN: Open-ended debt fund. Investment objective: To generate income through investments in a basket of debt and money market instruments of various maturities with a view to maximize income while maintaining the optimum balance of yield, safety and liquidity. Asset Allocation Pattern: Debt securities upto 75% and money market and cash upto 25%. Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each. Name of the Fund Manager: Mr. Pankaj Kaji. Entry load : Nil Exit Load: 1) For investment of less than or upto Rs. 10 Lacs 0.50% if it is held for less than or equal to a period of 6 Months; 2) For investment of above Rs. 10 Lacs Nil.
FLEXIBLE INCOME PLAN: Open-ended Income Fund Investment Objective: To generate income through investments in a basket of debt and money market instruments of various maturities with a view to maximize income while maintaining the optimum balance of yield, safety and liquidity.
_______________________________________________________________________________
ICICI Mutual Fund

Asset Allocation Pattern: 10 to 100 % - Money market and debentures with residual maturity of less than 1 year. 0 to 90 % - Debt instruments with maturity more than one year. Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each. Name of the Fund Manager: Mr. Rahul Goswami Exit Load: Nil Exit Load : NiL
MONTHLY INCOME PLAN: An Open-ended fund. Monthly income is not assured and is subject top the availability of distributable surplus. Investment Objective: To generate regular income through investments in debt and money market instruments and also to generate long term capital appreciation by investing a portion in equity and equity related instruments. Asset Allocation Pattern: Debt securities, money market instruments, securitiesed debt and cash upto 85%, equity and equity related securities upro 15% Systematic Investment Plan: Dividend and AEP option-Monthly: Min. Rs. 10000 + 6 Post-dated cheque for a min of Rs. 2500 each. Cumulative (without AEP) optionMonthly: Min Rs. 1000+5 post-dated cheques for a min. of Rs. 1000 each.
Name of the Fund Manager: Equity : Mr. Jignesh Shah Debt : Mr. Chaitanya Pande Entry load : Nil
_______________________________________________________________________________
ICICI Mutual Fund

Exit Load : 1) For investment of less than or upto Rs. 10 Lacs 0.50% if it is held for less than or equal to a period of 6 months; 2) For investment of above Rs. 10 Lacs Nil
INCOME MULTIPLIER FUND Regular plan An Open-ended Debt Fund Investment objective: To generate long term capital appreciation from a portfolio that is invested pre dominantly in debt and money market instruments and the balance in equity and equity related securities. Asset Allocation Pattern: Equity and equity related securities 0 30 % , debt instruments 65 100 % , cash and money market instruments 0 5 %. Systematic Investment Plan: Monthly : minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each Name of the Fund Manager: Equity : Mr. Prashant Kothari Debt : Mr . Chaitanya Pande Entry load : 1) For investment of less than Rs. 10 Lakh Nil; 2) For investment of Rs. 10 Lakhs and above but less than Rs. 5 Crore- 0.5% of applicable NAV. 3) For investment of Rs. 5 crore and above Nil.
_______________________________________________________________________________
ICICI Mutual Fund

Exit Load : 1) For investment of less than Rs. 10 Lakh 1.00% of applicable NAV if investment held for less than a period of 12 months. 2) For investment of Rs. 10 Lakhs and above but less than Rs. 5 Crore- 0.5% of applicable NAV if investment held for less than a period of 12 months. 3) For investment of Rs. 5 crore and above Nil.
DEBT SCHEMES BALANCED FUND Open ended Balanced Fund Investment objective: To seek to generate long term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income securities. Asset Allocation Pattern: Under normal circumstances equity and equity related instruments upto 60% and debt, Money market and cash upto 40% Systematic Investment Plan: Monthly : minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each Name of the Fund Manager: Equity : Mr.Deven Sangoi Debt : Mr. Pankaj Kaji
_______________________________________________________________________________
ICICI Mutual Fund

Entry load: 1) For investment of less than Rs. 5 crores : Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above : Nil Exit Load: Nil
GROWTH PLAN Open-ended Equity Fund Investment objective: To seek to generate long term capital appreciation and current income from a portfolio that is invested predominantly in equity and equity related securities. Asset Allocation Pattern: Equity and equity related instruments upto 95% and debt, money market and cash upto 5% Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each Name of the Fund Manager: Mr. Deven Sangoi
Entry load : 1) For investment of less than Rs. 5 crores : Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above : Nil Exit Load : Nil
_______________________________________________________________________________
ICICI Mutual Fund
TAX PLAN Open- ended Equity linked saving scheme Investment objective: To seek to generate long term capital appreciation and current income from a portfolio that is invested predominantly in equity and equity related securities Asset Allocation Pattern: Equity and equity related instruments upto 90% and debt, money market and cash upto 10% Systematic Investment Plan: Minimum of Rs. 500 or multiples thereof and 5 postdated cheques for a minimum of Rs. 500 for a block of 5 months in advance. Name of the Fund Manager: Mr. Sankaran Naren. Entry load: 1) For investment of less than Rs. 5 crores: Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above: Nil Exit Load: Nil
_______________________________________________________________________________
ICICI Mutual Fund
FMCG FUND Open ended FMCG Sectoral Fund Investment objective: To seek to generate long-term capital appreciation and current income from a portfolio that is invested predominantly in equity and equity related securities of FMCG companies. Asset Allocation Pattern: Equity and equity related instruments in FMCG Companys upto 90% in and debt, money market and cash upto 10% Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each Name of the Fund Manager: Mr. Prashant Kothari Entry load: 1) For investment of less than Rs. 5 crores : Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above: Nil Exit Load: Nil
TECHNOLOGY FUND Open ended Equity Fund Investment objective: To generate long term capital appreciation by investing in equity and equity related securities of technology intensive companies. Asset Allocation Pattern: Equity and equity related instruments 90 to 95% and debt, money market and cash 5 to 10%.
_______________________________________________________________________________
ICICI Mutual Fund

Systematic Investment Plan: Monthly: minimum Rs. 1000 + 5 Post-dated cheques for minimum of Rs. 1000 each Name of the Fund Manager: Mr.Deven Sangoi Entry load: 1) For investment of less than Rs. 5 crores: Entry load at 2.25% of applicable NAV; 2) For investment of Rs. 5 crores and above : Nil Exit Load: Nil
_______________________________________________________________________________
ICICI Mutual Fund
About Systematic Investment Plan (SIP)

The Unit holders of the Scheme can benefit by investing specific Rupee amounts periodically, for a continuous period. Mutual fund SIP allows the investors to invest a fixed amount of Rupees (subject to minimum of Rs.1000/-p.m.)Every month for purchasing additional units of the Scheme at NAV based prices. The Unit holders who wish to opt for SIP can start his/ her investments with a minimum of rs.1000or multiples thereof plus 5 post dated cheques for a minimum of rs.1000 for a block of 5 months in advance. The cheques should be dated 1 st or 7th or 10th or 15th of the respective months. Investor can subscribe through SIP by using Auto Debit /Standing instruction facilities offered by the banks. Entry load will be 2.25% charged on the SIP amount into the scheme. And no exit load. Further if any of the SIP cheques bounces or the fund fails to receive the subscription amount as agreed, the redemption will be subjected to a market risk. The cheques /Standing instructions should be in favour of Prudential ICICI Services Industries Fund and crossed Account Payee Only, and cheques must be payable at the centre where the applications are submitted to the Customer Service Centre.
_______________________________________________________________________________
ICICI Mutual Fund
TITLE OF THE PROJECT
A study on Systematic Investment Plan as an alternative to Recurring Deposit.
Statement of the problem: Systematic investment plan V/s Recurring deposit A/c OBJECTIVES Awareness of Mutual Fund Awareness of Systematic Investment Plan Systematic Investment Plan investors percentage Recurring deposit investors percentage
Management Problem: 1) Mutual fund investments are subject to market risk. 2) Returns are not assured. 3) Post dated cheques are required for investing in systematic investment plan 4) Statement of accounts do not reach in time to the customers. 5) Investment of systematic investment plan is possible only in cities. 6) Equal instalments are require for investment. 7) Only local cheques are allowed for investments.
_______________________________________________________________________________
ICICI Mutual Fund
RESEARCH DESIGN
The questionnaire used for the research purpose is simply a formalized set of questions for eliciting information. As such its function is measurement and it represents the most common form of measurement technique in marketing research. The questionnaire contains both open ended and close ended questions to elicit the required information. Open ended questions were used to leave the respondents free to offer any replies that seem appropriate in light of the question. They were used where no where no pre stated set of response categories could be given. The closed questions were used, as they are easier for both respondents as well as researchers. The questions reduce the interviewers bias and bias caused by varying level of respondents articulators. Multiple-choice questions were used to facilitate the respondents to choose any one, from the given option. These kinds of questions were used in the questionnaire to know the top of mind reach of the customer from the given set of avenues. These questions were essential for security adequate co-operation from the respondents and to reduce interviews bias.
_______________________________________________________________________________
ICICI Mutual Fund
RESEARCH METHODOLOGY
The sample chosen is 100. The-sampling method is Non-probability method, and technique was random sample.
Research Problem
1. People do not show much interest investing in mutual fund due to market risk. 2. Most of the people are not aware of systematic investment plan. 3. Some of them prefer investing one time investment
_______________________________________________________________________________
ICICI Mutual Fund
FINDINGS
1) According to the survey, 72% of the people make investments and 28% do not make investments. 2) Out of non-investors a. About 3% of people do not make investments due to Risk of safety. b. About 18% of people do not make investments due to High expenditure. c. About 7% of the people do not make investments due to Other reasons. 3) According to the survey. a. About 37 people have invested in Fixed deposits. b. About 17 people have invested in Mutual Funds c. About 10 people have invested in Shares d. About 18 people have invested in Gold e. About 46 people have invested in LIC f. About 44 People have invested in Recurring deposit 4) According to the survey. a. About 45 people invest Monthly b. About 11 people invest Quarterly c. About 22 people invest Half yearly d. About 27 people invest One time lump sum
_______________________________________________________________________________
ICICI Mutual Fund
5) According to the survey. a. About 24 people invest for Higher returns b. About 7 people invest for Easy Liquidity c. About 33 people invest for Tax benefit d. About 4 people invest for Low Risk e. About 22 people invest for Future f. About 46 people invest for Savings 6) According to the survey 44% of people have Recurring Deposit Account & 56% of people do not have Recurring deposit Account. 7) Out of Recurring deposit Account holders. a. 6% invest Rs. 100 b. 10% invest Rs. 200 c. 16% Invest Rs. 500 d. 12% invest Rs. 1000 8) According to the survey 49% of people are aware about Mutual Fund and 51% are not aware about Mutual fund. 9) According to the survey17% people have invested in Mutual Fund and 83% people have not invested 10) Among the percentage of Mutual Fund investors a. About 10% have invested in Equity
_______________________________________________________________________________
ICICI Mutual Fund

b. About 2% have invested in Debt c. About 4% have invested in Systematic Investment Plan. 11) According to the survey 33% of people know about Systematic Investment Plan and 67% are not aware of Systematic Investment Plan. 12) According to the survey 4% people have invested in Systematic Investment Plan. 13) Among the percentage of investors: a. About 1% invest Rs. 500 b. About 2% invest Rs. 1000 c. About 1% invest Rs. 2000 14) According to the survey 30% of people are interested to invest in Systematic Investment Plan in Prudential ICICI.
_______________________________________________________________________________
ICICI Mutual Fund
RECOMMENDATION
1. Awareness of Systematic Investment Plan must be made by giving knowledge to the people and by advertisements. 2. The statement of accounts should be reached in proper time to the investors. 3. The investment amount in a systematic investment plan must be made less than Rs1000 to make easy for common man. 4. Systematic Investment Plan should provide facility of local cheques as well as outside cheques. 5. If such facilities are provided more investors can invest
_______________________________________________________________________________
ICICI Mutual Fund
CONCLUSION
Since Prudential ICICI Mutual fund is a service based industry customer awareness about mutual fund and systematic investment plan in Mutual fund plays a vital role. As the percentage of recurring deposit account holders is more than the investors in Systematic Investment Plan due to unawareness of the Systematic Investment Plan. Hence the awareness of Systematic Investment Plan should be made to the people by appointing well-qualified agents and through advertisements.
_______________________________________________________________________________
ICICI Mutual Fund Graphs

1. Do you make investments?
Yes 72
80 70 60 50 40 30 20 10 0 72
no 28
28
yes no
yes
no
2. What is the reason for non-investment?

Risk of safety High expenditure 3 18 others 7
11% 25%
risk of safety High expenditure others
64%
_______________________________________________________________________________
ICICI Mutual Fund

3. Where do you invest?
Fixed Deposit 37 Mutual Fund 13 Shares 10 Gold 18 LIC 46 RD 27
27
37 fd mf shares gold lic rd
13 46 10 18
4. What is the nature of investment?

monthly 45
50 45 40 35 30 25 20 15 10 5 0
quarterly 11
half yearly one time lump sum 22 27
45
27 22 11
monthly monthly
quarterly quarterly
half yearly half yearly
one time lumpsum one time lumpsum
_______________________________________________________________________________
ICICI Mutual Fund

5. What factor makes you to do investment?
High return 24 Easy liquidity 7 TAX Benefit 33 Low risk 4 Future 22 Savings 46 Others 2
24 high return
46
EASY TAXB LR FU SAVE
33 22
OT
6. Do you have a recurring deposit account?

YES 44 NO 55
60 50 40 30 20 10 0 YES 44
55
YES NO
NO
_______________________________________________________________________________
ICICI Mutual Fund
7. What is the monthly RD amount you deposit? Rs.100 6

18 16 14 12 10 8 6 4 2 0 Rs.100 Rs.200 Rs.500 Rs.1000 6 Rs.500 Rs.1000 10
Rs.200 10
Rs.500 16
16
Rs.1000 12
12 Rs.100 Rs.200
8. Do you know about mutual fund?

YES 47 NO 53
54 53 52 51 50 49 48 47 46 45 44
53
YES
47
NO
YES
NO
_______________________________________________________________________________
ICICI Mutual Fund
9. Have you invested in Mutual Fund?

YES 17 NO 83
90 80 70 60 50 40 30 20 10 0
YES 83 NO
17 YES NO
10. What type of mutual fund?

EQUITY 10 DEBT 2 HYBRID 0 MM 0 SIP 4
12 10 8 6 4 2 0
10
4 2 0
EQUITY DEBT HYBRID
0
MM SIP
EQUITY
DEBT
HYBRID
MM
SIP
_______________________________________________________________________________
ICICI Mutual Fund
11. Do you know about SIP?

YES 33 NO 67
33 YES NO 67
12. Have you made investment in SIP?

YES 4 NO 96
120 100 80 60 40 20 0 4 YES NO 96 YES NO
_______________________________________________________________________________
ICICI Mutual Fund

13. What is the monthly SIP amount you invest?
Rs.500 1 Rs.1000 2 Rs.1500 0 Rs.2000 1
2.5 2 1.5 1 0.5 0 Rs.500 Rs.1000 0 Rs.1500 Rs.2000 1 1 2 Rs.500 Rs.1000 Rs.1500 Rs.2000
14. Do you want to invest in SIP?

YES
30
NO
70
30 YES NO
70
_______________________________________________________________________________
ICICI Mutual Fund
QUESTIONNAIRE
Dear Sir/ Madam I introduce myself as Suhas Giragatti, pursuing MBA at Belgaum Institute of Management Studies, Belgaum. As a part of curriculum, I have to undergo this Live Project which I am doing at Prudential ICICI Hubli. My project is on Systematic Investment Plan as an alternative to Recurring Deposit. I request you to kindly answer the ensuring questions and support me in completing my project. ___________________________________________________________ Name: Age: Sex: Male Female
Professional / Occupation:.. Address: Telephone:.. (M) . E-mail ID:. 1) Do you make Investment? 1) Yes 2) No
2) If no, what is the reason for non-investment? 1) Risk of Safety 2) High Expenditure 3) Others
_______________________________________________________________________________
ICICI Mutual Fund

3) If yes, where do you invest? 1) Fixed deposit 2) Mutual fund 4) Gold 5) LIC 3) Shares 6) Recurring deposit
4) What is the nature of your investment? 1) Monthly 2) Quarterly 3) Half yearly 4) One time lump sum
5) What factor makes you to do investment? 1) Higher return 5) Future 2) Easy liquidity 6) Savings 3) Tax benefit 4) Low risk
7) If any other.
6) Do you have a Recurring Deposit A/c? 1) Yes 1) No (if no, go to 8 ) 7) What is the monthly RD amount you deposit? 1) Rs.100 2) Rs. 200 3) Rs. 500 4) Rs.1000
8) Do you know about Mutual Fund? 1) Yes 2) No (if no, go to 11 ) 9) If yes, have you invested in Mutual Fund? 1) Yes 2) No
10) If yes, what type of Mutual Fund? 1) Equity 5) SIP

_______________________________________________________________________________
2) Debt
3) Hybrid
4) Money market
ICICI Mutual Fund

11) Do you know about Systematic Investment Plan? 1) Yes 2) No
12) If yes, have you made investment in SIP? 1) Yes 2) No (if no, go to 14) 13) What is the monthly SIP amount you invest? 1) Rs.500 2) Rs.1000 3) Rs.1500 4) Rs.2000
14) Do you want to invest in SIP in future? 1) Yes 2) No
_______________________________________________________________________________
ICICI Mutual Fund
DATA CODE SHEET

SL. NO 1
2 3A 3B 3C 3D 3E 3F 4A 4B 4C 4D 5A 5B 5C 5D 5E 5F 6 1 3 2 1 4 2 2 1 1 2 1 1 1 1 5 5 5 5 5 5 5 1 1 1 2 1 5 1 2 3 5 6 5 6 6 1 1 3 1 3 4 4 4 1 1 1 6 1 1 2 3 3 3 4 4 1 1 4 4 1 1 1 1 3 3 3 3 3 3 3 3 5 6 3 6 6 6 6 5 5 1 1 4 3 4 5 1 3 4 4 4 2 3 3 4 5 6 5 6 2 2 1 2 2 2 1 2 2 1 2 1 1 1 2 1 1 2 2 2 2 1 3 4 4 5 5 6 1 1 6 1 1 1 1 4 4 1 5 4 1 2 3 3 6 6 6 5 6 2 1 1 1 1
8 2 1
9 10 11 12 13 14 2 2 2 2 1 2 2 2 1 2 2 2 2 2 2 2 2 2 2 2 1 1 1 2 1 2 2 2 2 2 2 2 2 2 2 2 1 2 2 1 2 2 2 1 1 2 2 2 1 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 4 1 1 1 1 1 1 2 2 2 2 1 2 2 1 2 2 2 2 1 2 1 1 2 2 2
1 2 3 4 5 6 7 8 9
1 1 2 1 1 2 1 1 1
1 2 1 2
2 2 1
10 1 11 1 12 1 13 1 14 1 15 1 16 1 17 1 18 2 19 1 20 1 21 1 22 1 23 1 24 1 25 1
1 1
2 3 3
1 1 2 2
3 3
1 1 2 1
1 4 1 4 1 1 2 1 1
1 1 2 2 2
_______________________________________________________________________________
ICICI Mutual Fund

26 1 27 1 28 1 29 2 30 1 31 2 32 1 33 1 34 1 35 2 36 1 37 1 38 1 39 1 40 2 41 1 42 2 43 2 44 1 45 1 46 1 47 1 48 1 49 1 50 2 51 1 52 1 53 2 54 2 2 3 2 1 2 3 1 3 4 2 4 1 2 3 4 1 1 5 5 5 6 1 1 2 2 3 4 3 2 1 5 6 1 3 3 1 3 3 4 5 6 3 4 5 6 6 6 2 1 1 6 2 1 1 3 3 4 4 4 5 6 1 1 5 6 3 4 1 1 5 5 6 2 3 5 5 5 6 1 1 4 1 3 6 6 1 2 3 5 6 1 4 1 3 5 6 1 2 5 5 6 6 1 1 1 3 4 5 6 6 6 1 1 1 2 1 2 2 1 2 2 1 1 1 1 2 2 2 2 1 1 1 1 1 2 1 2 1 2 2 2 4 1 1 3 2 3 3 3 3 1 4 2 2 4 1 1 2 2 1 2 1 2 2 2 2 1 1 2 2 2 1 2 1 2 2 2 2 1 2 1 2 2 1 1 2 2 2 1 2 1 2 2 2 2 2 1 2 2 2 2 2 2 2 2 2 2 1 2 1 2 2 2 1 1 3 1 1 4 1 2 2 2 2 2 1 2 2 1 1 2 1 2 2 1 2 2 1 2 2 1 2 1 2 2 1 2 2 2 2 2 2 2 2 1 2 2 2 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 2 2 2 1 2 1 2 2 2 1 1 1 2 2 2 2 2 1 2 1 1 1 2 2 2 2 2 2
_______________________________________________________________________________
ICICI Mutual Fund

55 1 56 1 57 1 58 1 59 1 60 2 61 1 62 1 63 1 64 1 65 2 66 2 67 2 68 2 69 1 70 1 71 1 72 2 73 2 74 1 75 1 76 1 77 2 78 2 79 2 80 1 81 1 82 2 83 1 3 2 5 1 4 3 6 1 3 2 2 3 5 6 1 3 4 1 1 5 6 2 4 2 2 5 5 5 6 6 1 1 1 3 3 5 5 6 6 6 1 2 2 3 3 5 5 5 6 1 1 1 3 5 3 6 1 2 4 4 5 6 1 2 3 6 1 2 2 2 3 3 3 5 6 1 2 4 6 5 5 6 6 1 1 1 1 1 4 2 3 3 6 5 6 6 1 1 2 1 1 2 1 2 1 2 2 2 2 2 1 1 1 2 2 1 1 1 2 2 2 2 1 2 2 4 4 4 3 2 3 4 3 2 4 1 2 2 2 2 2 1 2 1 2 1 2 2 1 2 1 2 2 2 2 2 2 2 1 2 2 2 1 1 1 1 1 2 2 2 1 2 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2 2 2 2 2 2 1 1 1 1 1 2 2 2 2 2 1 2 2 1 1 1 2 2 2 1 2 2 2 2 2 1 1 2 2 1 1 2 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2 1 1 1 2 2 2 2 1 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
_______________________________________________________________________________
ICICI Mutual Fund

84 1 85 2 86 2 87 1 88 1 89 1 90 1 91 1 92 1 93 2 94 1 95 1 96 1 97 2 98 1 99 1 10 0 1 2 1 3 4 4 5 2 3 1 2 5 6 1 1 2 2 4 5 2 5 3 3 1 3 5 6 6 1 1 2 2 1 1 1 2 4 4 4 5 5 5 5 5 5 2 2 2 6 6 1 1 3 3 3 3 4 4 1 1 1 1 3 3 5 6 6 6 6 6 6 2 2 2 2 2 2 2 2 2 2 5 6 1 3 5 6 1 2 2 1 1 3 4 2 2 1 2 1 1 1 1 1 1 1 1 1 2 2 1 1 2 2 2 2 2 2 1 2 2 2 1 2 2 2 1 2 1 1 1 2 1 2 2 1 1 1 1 2 1 1 2 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 2 2 2 1 2 2 2 1 2
_______________________________________________________________________________
ICICI Mutual Fund
BIBLIOGRAPHY
Money outlook Business today pruiciciamc.com Mutual fund fact sheets Key information
_______________________________________________________________________________
ICICI Mutual Fund
_______________________________________________________________________________

ICICI Mutual Fund: Belgaum Institute of Management Studies MBA

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

ICICI Mutual Fund: Belgaum Institute of Management Studies MBA

Uploaded by

Copyright:

Available Formats

ICICI Mutual Fund

Peoples Education Society & Trusts

BELGAUM INSTITUTE OF MANAGEMENT STUDIES, MBA, Belgaum.

Systematic Investment Plan as an alternative to Recurring Deposit

MASTERS DEGREE IN BUSINESS ADMINISTRATION

BELGAUM INSTITUTE OF MANAGEMENT STUDIES, BELGAUM