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    PRESTIGE INSTITUTE OF MANAGEMENT

    AND RESEARCH, INDORE

    SUMMER TRAINING PROJECT REPORTON

    STUDY ON MUTUAL FUND

    From Religare Securities Ltd., Indore

    Submitted for the partial fulfilment of the DegreeOf Master in Business Administration

    (Batch: 2011-13)

    Faculty Guide: Submitted By:

    Prof. Deepak Jaroliya Rajni Pasrija

    MBA 3rd

    SEM (Core)

    Scholar No.

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    CERTIFICATE

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    DECLARATION

    I hereby declare that this report is on STUDY ON MUTUAL FUND at Religare

    securities ltd, Indore. Has been written and prepared by me during the academic

    year 2011-2013. This project was done under the guidance and supervision of

    Prof. Deepak Jaroliya, faculty PIMR Indore and Mohd. Quazi Shohib khan,

    Branch Manager at Religare Securities ltd. Indore in partial fulfilment of Degree

    of Master of Business Administration of Prestige Institute of Management And

    Research, Indore.

    I also declare that this project is result of my own effort and has not been submitted

    to any other institution for award of any degree or diploma.

    Rajni Pasrija

    Place: Indore

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    CERTIFICATE FROM THE FACULTY GUIDE

    This is to certify that the project work entitledSTUDY OF MUTUAL FUND is a piece ofwork done by RAJNI PASRIJA , student of Prestige Institue Of Management And Research ,

    under myguidance and supervision for the partial fulfillment of the coursePost Graduation Programme Management,Prestige Institute of Management And Research.

    As per my knowledge her work is original and genuine.

    Prof. Deepak Jaroliya

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    ACKNOWLEDGEMENT

    It is said, the most important single word is WE and the zero important single

    word is I. This is true even in todays modern era. It is absolutely impossible for

    a single individual to complete the assigned job without help and assistance fromothers.

    It is my greatest pleasure to acknowledge sincere gratitude towards to Mr. VikrantDale and Mohd. Quazi Shoeib Khan from the Religare for giving me anopportunity to work with Religare as an intern and helping me with almost all the

    problems I encountered during the completion of this project work.

    I would also like to express my sincere gratitude for Mohd. Shahid Khan andother employees who mentored me on various aspects of Derivatives, as aneffective tool for investment during the course of my training and also helped mein completing this project.

    I am also thankful to all of my friends for their help in completing this projectwork. Finally, I am thankful to my entire family members for their great supportand encouragement.

    Under Religare Securities Ltd., Indore. I have learnt about the company, its

    structure, operations, and the online trading system along with products and

    services it offers to its customers. It provided me a platform to have a look of

    corporate culture and the experience of working in office. The experience that I

    have gained over month & a half training is impeccable. It will definitely help me

    in future to take any sort of business assignment.

    With Warm Regards

    Rajni Pasrija

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    CONTENT PAGE

    1. INTRODUCTION TO ORGANISATION2.

    ORGANISATION STUCTURE3.FINANCIAL PERFORMANCE4.PERSONNEL5.PRODUCT AND SERVICES6.MARKETING7.STRENGTH AND WEAKNESS OF COMPANY8.ANNEXURES MUTUAL FUND

    INTRODUCTION TO MUTUAL FUND HISTORY OF INDIAN MUTUAL FUND INDUSTRY MUTUAL FUND STRUCTURE MUTUAL FUND OPERATION MUTUAL FUND CLASSIFICATION RISK HIERARCHY OF MUTUAL FUND COMPARISON OF MUTUAL FUND ADVANTAGES OF MUTUAL FUND DISADVANTAGES OF MUTUAL FUND RISK INVOLVED IN MUTUAL FUND NET ASSET VALUE BASIC CONCEPTS OF LOAD FACTORS AFFECTING MUTUAL FUND FUTURE OF MUTUAL FUND MARKETING CHALLENGES TO MUTUAL FUND INDUSTRY

    9.GLOSSARY10.REFERENCES AND BIBLIOGRAPHY

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    1. INTRODUCTIONName

    Religare is a Latin word that translates as 'to bind together'. This name has been chosen to reflectthe integrated nature of the financial services the company offers.

    Symbol

    The Religare name is paired with the symbol of a four-leaf clover. Traditionally, it is consideredgood fortune to find a four-leaf clover as there is only one four-leaf clover for every 10,000three-leaf clovers found. For us, each leaf of the clover has a special meaning. It is a symbol

    of Hope. Trust. Care. Good Fortune. For the world, it is the symbol of Religare.

    The first leaf of the clover represents Hope. The aspirations to succeed. The dream ofbecoming. Of new possibilities. It is the beginning of every step and the foundation on which aperson reaches for the stars.

    The second leafof the clover represents Trust. The ability to place ones own faith in another.To have a relationship as partners in a team. To accomplish a given goal with the balance thatbrings satisfaction to all, not in the binding, but in the bond that is built.

    The third leafof the clover represents Care. The secret ingredient that is the cement in everyrelationship. The truth of feeling that underlines sincerity and the triumph of diligence in everyaspect. From it springs true warmth of service and the ability to adapt to evolving environmentswith consideration to all.

    The fourth and final leafof the clover represents Good Fortune. Signifying that rare abilityto meld opportunity and planning with circumstance to generate those often looked forremunerative moments of success.

    Hope. Trust. Care. Good Fortune. All elements perfectly combine in the emblematic and

    rare, four-leaf clover to visually symbolize the values that bind together and form the

    core of the Religare vision.

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    RELIGARE ENTERPRISES LIMITED

    Religare, a Ranbaxy promoter group company, is one of Indias largest and fastest growing

    integrated financial services institutions. The company offers a large and diverse bouquet of

    services ranging from equities, commodities, insurance broking, to wealth advisory, portfolio

    management services, personal finance services, Investment banking and institutional broking

    services.

    The services are broadly clubbed across three key business verticals- Retail, Wealth management

    and the Institutional spectrum. Religare Enterprises Limited is the holding company for all its

    businesses, structured and being operated through various subsidiaries.

    Religares retail network spreads across the length and breadth of the country with its presence

    through more than 900 locations across more than 300 cities and towns. Having spread itself

    fairly well across the country and with the promise of not resting on its laurels, it has also

    aggressively started eyeing global geographies

    Religare is lead by a highly regarded management team that has invested crores of rupees into a

    world class Infrastructure that provides there clients with real-time service & 24/7 access to all

    information and products. Their flagship Religare Professional Networkoffers real-time prices,

    detailed data and news, intelligent analytics, and electronic trading capabilities, right at your

    fingertips. This powerful technology is complemented by there knowledgeable and customer

    focused Relationship Manager.

    Religare offers a full range of financial services and products ranging from Equities to Mutual

    Funds to enhance your wealth and hence, achieve your financial goals. Religares Client

    Relationship Managers are available to you to help with your financial planning and investment

    needs. To provide the highest possible quality of service, Religare provides full access to all our

    products and services through multi-channels.

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    Religare is a full service investment firm offering clients access to a tremendous range of

    financial services from 150 locations across 180 cities. We have a strong team of over 750 Client

    Relationship Managers focused on serving your unique needs. Our world-class infrastructure,

    built with tens of cores of investment, provides our clients with real-time service, multi-channel

    & 24/7 accesses to all information and products. As weve expanded and developed to serve theneeds of all kinds of investors, weve been guided by one underlying philosophy: You come

    first.

    VISION

    To build Religare as a globally trusted brand in the financial services domain and present it as

    the Investment Gateway of India

    MISSION

    Providing financial care driven by the core values of diligence and transparency.

    BRAND ESSENCE

    Ethical and dynamic processes for wealth creation drive Religare

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    GROUP DIVISIONS

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    RELIGARE SECURITIES LIMITED

    Religare Securities Limited was incorporated on July 1992 as Fortis Securities Limited at NewDelhi under the Companies Act, 1956 with Registration No. IN 301774. The name of the

    Company was changed to Religare Securities Limited in the year 2006 due to c

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