A STUDY ON

“MUTUAL FUNDS IN ICICI BANK LTD”

A research project submitted in partial fulfillment of the requirement for the

award of the degree of Masters of Business Administration (MBA) under the

department of Management studies at Guru Nanak Institution‘s

Submitted by:

By

PALADI JANANI

HALL TICKET NO: 22WJ1E0045

Under The Supervision Of

A. Sandeep Reddy

(Assistant Professor)

Department of masters of business administration

GNITC, Hyderabad : Telengana

1
 DECLARATION

I hereby, declare that the work presented in this project titled “MUTUAL FUNDS ON

ICICI BANK LTD" is carried out by me under the supervision A. Sandeep Reddy Asst.

Professor of the department of management studies. I have acknowledged references from

all sources including the internet sources wherever applicable.

Name: PALADI JANANI Date:

Roll no: 22WJ1E0045

Place: Ibrahimpatnam, R.R District, Telengana.

2
 CERTIFICATE

This is to certify that the project entitled “MUTUAL FUNDS ON ICICI BANK LTD”

submitted by PALADI JANANI in partial fulfillment of the requirement for the award of the

degree Masters of Business Administration candidate‘s own work carried out by her under

my supervision. This project or any part thereof has not been submitted to any other

institution for any degree or diploma.

Supervisor: Date:

Signature:

Head of Department:

Signature:

3
 ACKNOWLEDGEMENT

The result is always the sum of all parts. Likewise, this report put forth was possible with the

help of many people involved in the completion of this INTERNSHIP project.

It is a great for me to record her deep sense to MANOJ (Assistant Manager) who accorded

permission to do project work at (SBI) and guiding in doing my project work

I extent my gratitude to Dr. ANAND BETHAPUDI (HOD), Department of Master of

Business Administration, GURU NANAK INSTITUTE OF TECHNOLOGY for

accommodating me in the family of Gurunanak.

My must sincere thanks to my guide, A. Sandeep Reddy (Assistant Professor), GURU

NANAK INSTITUTE OF TECHNOLOGY, for motivating me to give my best for my project

without which this project report would not be called a success.

PALADI JANANI

Management of studies

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 ABSTRACT
A mutual fund is a financial vehicle that pools assets from shareholders to invest in

securities like stocks, bonds, money market instruments, and other assets. Mutual funds are

operated by professional money managers, who allocate the fund's assets and attempt to

produce capital gains or income for the fund's investors. A mutual fund's portfolio is

structured and maintained to match the investment objectives stated in its prospectus.

Mutual funds give small or individual investors access to professionally managed

portfolios of equities, bonds, and other securities. Each shareholder, therefore, participates

proportionally in the gains or losses of the fund. Mutual funds invest in a vast number of

securities, and performance is usually tracked as the change in the total market cap of the

fund—derived by the aggregating performance of the underlying investments.1 Most

mutual funds are part of larger investment companies such as Fidelity Investments,

Vanguard, T. Rowe Price, and Oppenheimer. A mutual fund has a fund manager,

sometimes called its investment adviser, who is legally obligated to work in the best

interest of mutual fund shareholders.

5
 CONTENTS

CHAPTERS PARTICULARS PAGE

NO’S

CHAPTER-I INTRODUCTION

1.1 NEED FOR THESTUDY

1.2 OBJECTIVES OF THESTUDY

1.3 SCOPEOF THE STUDY

1.4 RESEARCH METHODOLOGY

1.5 LIMITATIONS OF THESTUDY

CHAPTER-II REVIEW OF LITERATURE

CHAPTER-III COMPANY PROFILE

CHAPTER-IV DATA ANALYSIS AND INTERPRETATIONS

FINDINGSCO
NCLUSIONS
CHAPTER-V
SUGGESTION
S

BIBLIOGRAPH
Y

6
 CHAPTER-I

INTRODUCTION

7
INTRODUCTION

1.1Definition of Mutual Funds:

Mutual fund is an investment vehicle made up of a pool of money collected from

many investors for the purpose of investing in securities such as stocks, bonds, money

market instruments and other assets.

A mutual fund is just the connecting bridge or a financial intermediary that allows a

group of investors to pool their money together with a predetermined investment

objective. The mutual fund will have a fund manager who is responsible for investing

the gathered money into specific securities (stocks or bonds). When you invest in a

mutual fund, you are buying units or portions of the mutual fund and thus on investing

becomes a shareholder or unit holder of the fund.

Mutual funds are considered as one of the best available investments as compare to

others they are very cost efficient and also easy to invest in, thus by pooling money

together in a mutual fund, investors can purchase stocks or bonds with much lower

trading costs than if they tried to do it on their own. But the biggest advantage to

mutual funds is diversification, by minimizing risk & maximizing returns

The mutual fund is structured around a fairly simple concept, the mitigation of risk

through the spreading of investments across multiple entities, which is achieved by

the pooling of a number of small investments into a large bucket. Yet, it has been the

subject of perhaps the most elaborate and prolonged regulatory effort in the history of

the country. The mutual fund industry has grown to gigantic proportions in countries

like the USA, in India it is still in the phase of infancy.

The origin of the Indian mutual fund industry can be traced back to 202264 when the

Indian Government, with a view to augment small savings within the country and to

channelize these savings to the capital markets, set up the Unit Trust of India (UTI).

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The UTI was setup under a specific statute, the Unit Trust of India Act, 202263. The

Unit Trust of India launched its first open-ended equity scheme called Unit 64 in the

year 202264, which turned out to be one of the most popular mutual fund schemes in

the country. In 202287, the government permitted other public sector banks and

insurance companies to promote mutual fund schemes. Pursuant to this relaxation, six

public sector banks and two insurance companies‘ viz. Life Insurance Corporation of

India and General Insurance Corporation of India launched mutual fund schemes in

the country.

Securities Exchange Board of India, better known as SEBI, formulated the Mutual

Fund (Regulation) 202293, which for the first time established a comprehensive

regulatory framework for the mutual fund industry. This proved to be a boon for the

mutual fund industry and since then several mutual funds have been set up by the

private sector as well as the joint sector. Kothari Pioneer Mutual fund became the first

from the private sector to establish a mutual fund in association with a foreign fund.

Since then several private sector companies have established their own funds in the

country, making mutual fund industry one of the most followed sector by critics and

investors alike. The share of private sector mutual funds too has gone up rapidly.

9
1.2 NEED FOR THE STUDY

1. The mutual funds are dynamic financial intuitions which play a crucial role in the

economy bymobilizing savings and investing them in the capital market.

2. The activities of mutual funds have both short and .long term impact on the savings

in the capital market and the national economy.

3. Mutual funds, trust, assist the process of financial deepening & intermediation.

4. To banking at the same time they also compete with banks and other financial

intuitions.

5. India is one of the few countries to day maintain a study growth rate is domestic

savings.

1.3 OBJECTIVES OF THE STUDY

1. To show the wide range of investment options available in Mutual Funds by

explaining various schemes offered by four different Asset Management companies.

2. To help an investor to make a right choice of investment, while considering the

inherent risk factors.

3. To understand the recent trends in the Mutual Funds world.

4. To understand the risk and return of the various schemes.

5. To find out the various problems faced by Indian mutual funds and possible
solutions.

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1.4 SCOPE OF THE STUDY

The study is limited to the analysis made for a Growth scheme offered by the

asset management company, Each scheme is calculated their risk and return

using different performance measurement theories, The study analyze the

performance of company based on that valid suggestion will be given to the

company, Graphs are used to reflect the portfolio risk and return.

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1.5 RESEARCH METHODOLOGY

Research Methodology is the systematic, theoretical analysis of the methods applied

to a field of study. It comprises the theoretical analysis of the body of methods and

principles associated with a branch of knowledge.

Secondary Data

The secondary data collected from the different sites, broachers, newspapers,

company offer documents, different books and through suggestions from the project

guide and from the faculty members of our college.

Company Name : ICICI BANK LTD

Source of Data : Secondary Data

Duration of the Study : 45 Days

Period of the Study : 2022-2023

Tools & Techniques :Beta, Alpha, Correlation Coefficient,

Treynor‘s Ratio & Sharpe‘s Ratio.

12
 TOOLS AND TECHNIQUES
The following parameters were considered for analysis:
 Beta: It is a measure of the volatility, or systematic risk, of a security or a
portfolio in comparison to the entire market or a benchmark. Beta is used in the
Capital Asset Pricing Model(CAPM), which calculates the expected return of an
asset based on its beta and expected market returns. Beta is also known as the
beta coefficient.
 Alpha: ―Alpha" (the Greek letter α) is a term used in investing to describe a
strategy's ability to beat the market, or it's "edge." Alpha is thus also often
referred to as ―excess return‖ or ―abnormal rate of return,‖ which refers to the
idea that markets are efficient, and so there is no way to systematically earn
returns that exceed the broad market as a whole. Alpha is often used in
conjunction with beta (the Greek letter β), which measures the broad market's
overall volatility or risk, known as systematic market risk.
 Correlation Coefficient: The correlation coefficient is a statistical measure that
calculates the strength of the relationship between the relative movements of the
two variables.
 .Treynor’sRatio:TheTreynor ratio, also known as the reward-to-volatility ratio,
is a metric for determining how much excess return was generated for each unit
of risk taken on by a portfolio. Excess return in this sense refers to the return
earned above the return that could have been earned in a risk-free investment.
Although there is no true risk-free investment, treasury bills are often used to
represent the risk-free return in the Treynor ratio.
 Sharpe’s Ratio: The Sharpe ratio was developed by Nobel laureate William F.
Sharpe, and is used to help investors understand the return of an investment
compared to its risk. The ratio is the average return earned in excess of the risk-
free rate per unit of volatility or total risk.
.

13
 CHAPTER-II

REVIEW OF LITERATURE

14
ARTICLES

ARTICLE 1

TITLE : A Rational Theory of Mutual Funds' Attention Allocation

AUTHOR :Kacperczyk,LauraVeldkampStijn,&Van Nieuwerburgh

JOURNAL : Journal of the Econometic Theory

YEAR : 202216

ABSTRACT :The question of whether and how mutual fund managers provide

valuable services for their clients motivates one of the largest literatures in finance.

One candidate explanation is that funds process information about future asset values

and use that information to invest in high‐valued assets. But formal theories are scarce

because information choice models with many assets are difficult to solve as well as

difficult to test. This paper tackles both problems by developing a new attention

allocation model that uses the state of the business cycle to predict information

choices, which in turn, predict observable patterns of portfolio investments and

returns. The predictions about fund portfolios' covariance with payoff shocks,

cross‐fund portfolio and return dispersion, and their excess returns are all supported

by the data. These findings offer new evidence that some investment managers have

skill and that attention is allocated rationally.

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ARTICLE 2

TITLE : Why Do Investors Hold Socially Responsible Mutual Funds?

AUTHOR : Arno Rifdl& Paul Smeet

JOURNAL : Journal of Finance

YEAR:2022

ABSTRACT: To understand why investors hold socially responsible mutual funds,

we link administrative data to survey responses and behavior in incentivized

experiments. We find that both social preferences and social signaling explain socially

responsible investment (SRI) decisions. Financial motives play less of a role. Socially

responsible investors in our sample expect to earn lower returns on SRI funds than on

willing to forgo financial performance in order to invest in accordance with their

social preferences conventional funds and pay higher management fees. This suggests

that investors are willing to forgo financial performance in order to invest in

accordance with their social preferences.

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ARTICLE 3
TITLE : Determinants of Investment Behaviour Of Investors Towards Mutual

Funds

AUTHOR : InderjitKaur

JOURNAL : Journal of Indian Business Research

YEAR : 2022

ABSTRACT: Mutual funds in India have not been as favourable investment

alternatives as in developed countries, as assets under management of mutual funds to

gross domestic product in India have been 7-8 per cent compared to 37 per cent

globally. Further, investor base of mutual funds has been narrow, as retail investors

constitute 98 per cent of folios but contributed only 58 per cent of investments in

September 202214. To broaden the investor base for mutual funds in India, it remains

imperative to understand the determinants of investment behaviour of investors

towards mutual funds. This study aims to achieve this objective

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ARTICLE 4

TITLE : Runs On Money Market Mutual Funds

AUTHOUR : Lawrence Schmidt,AllanTimmermann& Russ werners

JOURNAL : American Economic Review

YEAR :202216

ABSTRACT :We study daily money market mutual fund flows at the individual

share class level during September 202208. This fine granularity of data allows new

insights into investor and portfolio holding characteristics conducive to run risk in

cash-like asset pools. We find that cross-sectional flow data observed during the week

of the Lehman failure are consistent with key implications of a simple model of

coordination with incomplete information and strategic complementarities. Similar

conclusions follow from daily models fitted to capture dynamic interactions between

investors with differing levels of sophistication within the same money fund, holding

constant the underlying portfolio.

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ARTICLE 5

TITLE : Window Dressing in Mutual Funds

AUTHOUR : VikasAgarwal Gerald D. Gay Leng Ling

JOURNAL : The Review of Financial Studies

YEAR : 202214

ABSTRACT:We provide a rationale for window dressing wherein investors

respond to conflicting signals of managerial ability inferred from a fund's

performance and disclosed portfolio holdings. We contend that window dressers make

a risky bet on their performance during a reporting delay period, which affects

investors' interpretation of the conflicting signals and hence their capital allocations.

Conditional on good (bad) performance, window dressers benefit (suffer) from higher

(lower) investor flows compared with non–window dressers. Window dressers also

show poor past performance, possess little skill, and incur high portfolio turnover and

trade costs, characteristics which in turn result in worse future performance.

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 CHAPTER-III

COMPANY PROFILE

20
 COMPANY PROFILE
ICICI Bank is a leading private sector bank in India. The Bank‘s consolidated total
assets stood at Rs. 14.76 trillion at September 30, 2022. ICICI Bank currently has a
network of 5,288 branches and 13,834 ATMs across India.
History
ICICI was formed in 1955 at the initiative of the World Bank, the Government of
India and representatives of Indian industry. The principal objective was to create a
development financial institution for providing medium-term and long-term project
financing to Indian businesses. Until the late 1980s, ICICI primarily focused its
activities on project finance, providing long-term funds to a variety of industrial
projects. With the liberalization of the financial sector in India in the 1990s, ICICI
transformed its business from a development financial institution offering only project
finance to a diversified financial services provider that, along with its subsidiaries and
other group companies, offered a wide variety of products and services. As India‘s
economy became more market-oriented and integrated with the world economy,
ICICI capitalized on the new opportunities to provide a wider range of financial
products and services to a broader spectrum of clients. ICICI Bank was incorporated
in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company
and the first bank or financial institution from non-Japan Asia to be listed on the New
York Stock Exchange.
The issue of universal banking, which in the Indian context meant conversion of
long-term lending institutions such as ICICI into commercial banks, had been
discussed at length in the late 1990s. Conversion into a bank offered ICICI the ability
to accept low-cost demand deposits and offer a wider range of products and services,
and greater opportunities for earning non-fund based income in the form of banking
fees and commissions. After consideration of various corporate structuring
alternatives in the context of the emerging competitive scenario in the Indian banking
industry, and the move towards universal banking, the managements of ICICI and
ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the
optimal strategic alternative for both entities, and would create the optimal legal
structure for ICICI group's universal banking strategy. The merger would enhance
value for ICICI shareholders through the merged entity's access to low-cost deposits,
greater opportunities for earning fee-based income and the ability to participate in the

21
payments system and provide transaction-banking services. The merger would
enhance value for ICICI Bank shareholders through a large capital base and scale of
operations, seamless access to ICICI's strong corporate relationships built up over five
decades, entry into new business segments, higher market share in various business
segments, particularly fee-based services, and access to the vast talent pool of ICICI
and its subsidiaries.
In October 202201, the Boards of Directors of ICICI and ICICI Bank approved the
merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI
Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI
Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January
202202, by the High Court of Gujarat at Ahmedabad in March 202202, and by the
High Court of Judicature at Mumbai and the Reserve Bank of India in April 202202.
Consequent to the merger, the ICICI group's financing and banking operations, both
wholesale and retail, were integrated in a single entity.
ICICI Bank is a large private sector bank in India offering a diversified portfolio of
financial products and services to retail, SME and corporate customers. The Bank has
an extensive network of branches and ATMs. It is at the forefront of leveraging
technology and offering services through digital channels like mobile and internet
banking.
VISION AND MISSION
VISION
To be the trusted financial services provider of choice for our customers, thereby
creating sustainable value for our stakeholders.
MISSION
To grow our risk-calibrated core operating profit by:
 Delivering products and services that create value for customers.

 Bringing together all our capabilities to seamlessly meet customer needs.

 Conducting our business within well-defined risk tolerance levels.

22
COMPANY HISTORY
Transaction Banking
The Bank delivers world class banking services to financial sector clients. Our current
roaming accounts empower you with 'Anytime, Anywhere Banking'. They are
designed for your convenience. Our comprehensive collection and payment services
span India's largest CMS network of over 4,500 branches. We provide correspondent
banking tie-ups with foreign banks to assist them in their India-related businesses.
Loan Syndication
The FISG is responsible for syndication of loans to corporate clients. We ensure the
participation of banks and financial institution for the syndication of loans. Some of
the products syndicated are
 Project Finance

 Corporate Term Loans

 Working Capital Loans

 Acquisition Finance, etc.

Sell Down
ICICI Bank is a market leader in the securitisation and asset sell-down market. From
its portfolio, the FISG offers different products to its clients in this segment. The
products are:
 Asset-Backed Securities (ABS)

 Mortgage-Backed Securities (MBS)

 Corporate Loan Sell-down

 Direct Loan Assignment

Buyouts
As part of a risk-diversification and portfolio-churning strategy, ICICI Bank offers
buyouts of the assets of its financial sector clients.
Resources
The Bank also raises resources, from clients, for internal use by issuing a gamut of
products, which run from Certificates of Deposit (CDs) to Term deposits to Term
Loans.

23
Customised Solutions
Government Banking
Government Banking offers world-class banking services leveraging on our state-of-
the-art technology platform and to address the complete financial needs of the
government, its enterprises and all the stakeholders.
Corporate
At ICICI Bank, we offer corporates a wide range of products and services, the
technologies to leverage them anytime, anywhere and the expertise to customize them
to client-specific requirements.
Financial Institutions
ICICI Bank services the financial sector for the entire set of banking requirements and
provides a complete range of solutions
Board of Directors
Mr. Sandeep Bakhshi, Managing Director & CEO

Mr. Sandeep Bakhshi is the Managing Director and CEO of ICICI Bank since
October 15, 202218. Prior to his appointment as MD & CEO, he was a Wholetime
Director and the Chief Operating Officer (COO) of the Bank.
Mr. Bakhshi has been with the ICICI Group since 1986 and has handled various
assignments across the group in ICICI Limited, ICICI Lombard General Insurance,
ICICI Bank and ICICI Prudential Life Insurance.
He grew up in a defence services family and has attended several schools and
colleges across India before completing his management studies from XLRI in
Jamshedpur.
Mr. Anup Bagchi, Executive Director

Mr. Anup Bagchi is an Executive Director on the Board of ICICI Bank since February
1, 202217. He has a management degree from the Indian Institute of Management,

24
Bangalore and an engineering degree from the Indian Institute of Technology,
Kanpur. He has been with the ICICI Group since 1992. He holds the responsibilities
for Retail Banking at the Bank.
He is responsible for the Retail Banking Group, Digital Channels and Partnerships,
Rural and Inclusive Banking Group, Data Sciences and Analytics Group and the
Corporate Brand Group for the Bank. He also oversees retail products, remittances
and NRI services for the International Banking business.
He has represented the ICICI Group in various regulatory committees of key bodies
such as RBI and SEBI. He was a member of RBI‘s Expert Committee on Micro,
Small & Medium Enterprises and of SEBI‘s Committee on Financial and Regulatory
Technologies (CFRT). He was in the Executive Committee of National Securities
Depository Ltd., (NSDL), Advisory Committee of BSE Limited and was co Chairman
of FICCI‘s Capital Markets Committee. He was also a member of SEBI‘s Secondary
Markets Advisory Committee (SMAC), Fair Market Conduct Committee and
Committee on Financial and Regulatory Technologies and Risk Management Review
Committee.
Mr. Girish Chandra Chaturvedi, Non-Executive Chairman

Mr. Girish Chandra Chaturvedi,

Mr. Girish Chandra Chaturvedi, IAS aged 67 years, retired in January 202213 as the
Secretary of Ministry of Petroleum and Natural Gas. Mr. Chaturvedi was an IAS
Officer, Uttar Pradesh (1977 Batch). Currently he is the Chairman of National Stock
Exchange also. After his retirement from the regular service, Mr. Chaturvedi was
appointed by the Government of India as the Member and then the Chairman of
Warehousing Development and Regulatory Authority of India till January 202218.
Prior to his retirement from Indian Administrative Services, Mr. Chaturvedi served
Government of India at various levels across a number of sectors, including Banking,
Insurance, Pension, Health, Family Welfare and Petroleum and Natural Gas.

25
Mr. Chaturvedi completed M.Sc. (Social Policy in Developing Countries) from
London School of Economics, University of London, United Kingdom and M.Sc
(Physics) from University of Allahabad..

During his tenure, Mr. Chaturvedi held key positions of Secretary, Ministry of
Petroleum and Natural Gas, Special Director General (Finance & Accounts),
Organizing Committee Commonwealth Games, Ministry of Youth Affairs and Sports,
Additional/Joint Secretary, Department of Financial Services, Ministry of Finance and
Additional Secretary & Mission Director, National Rural Health Mission, Ministry of
Health & Family Welfare during his tenure.

Mr. Hari L. Mundra, Independent Director

A rank holder both in B.A. Hons and M.B.A., Mr. Hari Mundra has 50 years of
extensive industrial experience, both in India and Indonesia. He began his career in
1971 in Hindustan Unilever Ltd and was the youngest member of its Board as the
Vice President and Executive Director in charge of Exports at the time he left them in
1995. As a Management Board Member of RPG Group, he was the Group Chief
Financial Officer as well as the President and Chief Executive of Carbon Black
Business till 202201. In 202202, he joined Wockhardt Group as the Executive Vice
Chairman. In 202203, he became the Deputy Managing Director and Finance Director
of Essar Oil and was responsible for its resurrection. Post his superannuation, he has
been the Senior Advisor to Hospira, USA for their Indian acquisitions and the Global
Financial Advisor to Wockhardt Group for their turnaround. He has been the Visiting
Professor at IIM, Ahmedabad for the last 13 years. Deeply engaged with the social
sector, he led the turnaround of Indian Cancer Society and continues as its Hon
Chairman. He is also the Founder Vice President of another NGO viz Society for
Complementary Therapies.
Mr. S. Madhavan, Independent Director

26
Mr. Subramanian Madhavan is a fellow member of the Institute of Chartered
Accountants of India and holds a Post Graduate Diploma in Business Management
from the Indian Institute of Management, Ahmedabad. He has around 38 years of
experience in Accountancy, Economics, Finance, Law, Information Technology,
Human Resources, Risk Management, Business Management and Banking. He started
his career with Hindustan Unilever Limited. He had thereafter established a highly
successful tax practice and served large Indian and multinational clients. He was then
a senior partner and Executive Director in PricewaterhouseCoopers Private Limited.
He has also served as the President Northern Region, Indo-American Chamber of
Commerce and has been a past Co- Chairman, Taxation Committee, ASSOCHAM.
He is a member of the Institute of Directors, the All India Management Association
and the Delhi Management Association.

Board Committees

Board Governance, Remuneration &

Audit Committee
Nomination Committee

Mr. Uday Chitale, Chairman Ms. Neelam Dhawan, Chairperson

Mr. S. Madhavan Mr. Girish Chandra Chaturvedi
Mr. Radhakrishnan Nair Mr. B. Sriram

Corporate Social Responsibility Committee Customer Service Committee

Mr. Girish Chandra Chaturvedi, Chairman

Ms. Vibha Paul Rishi, Chairperson
Mr. Radhakrishnan Nair
Mr. Hari L. Mundra
Ms. Vibha Paul Rishi
Mr. Sandeep Bakhshi
Mr. Uday Chitale
Mr. Anup Bagchi
Mr. Anup Bagchi

Credit Committee Fraud Monitoring Committee

Mr. Sandeep Bakhshi, Chairman Mr. Radhakrishnan Nair, Chairman

27
 Board Governance, Remuneration &
Audit Committee
Nomination Committee

Mr. B. Sriram Mr. S. Madhavan

Mr. Hari L. Mundra Ms. Neelam Dhawan
Ms. VishakhaMulye Mr. Sandeep Bakhshi
Mr. Anup Bagchi

Information Technology Strategy Committee Risk Committee

Mr. B. Sriram, Chairman

Mr. S. Madhavan, Chairman
Ms. Neelam Dhawan
Mr. Girish Chandra Chaturvedi
Mr. Anup Bagchi
Mr. Sandeep Batra
Mr. Sandeep Batra

Review Committee for identification of wilful

Stakeholders Relationship Committee
defaulters/non co-operative borrowers

Mr. Hari L. Mundra, Chairman

Managing Director & CEO, Chairperson
Mr. Uday Chitale
Any Two Independent Directors
Mr. Anup Bagchi

Awards - 2023

 ICICI Bank has been awarded the IBS Intelligence (IBSi) Global FinTech
Innovation Awards, 2023. These awards are organised by London-based IBS
intelligence, a premier research, advisory and news analysis firm. The Bank
has been declared joint winner, along with Infosys Finacle for its combined
initiative in the 'Most Innovative use of Blockchain in the Banking' category.
 ICICI Bank has won multiple awards at DigiDhan awards programme,
organised by the Ministry of Electronics and Information Technology
(MeitY), Government of India. The Bank has emerged a winner at DigiDhan
Awards for FY 202219-2022, for achieving the top position in overall
performance in digital payments. We have won DigiDhan Awards for FY
2022-21 for two accomplishments - one, for onboarding maximum billers on
the Bharat Bill Payment System (BBPS) platform; two, for achieving the
highest volume of digital payment transactions among private sector banks.

28
  ICICI Bank has emerged as the winner among large banks in three categories
at the 3rd edition of the ET BFSI Excellence Awards. These awards were
organised by The Economic Times, a part of the Times Group. The Bank was
declared a winner in the following categories: ‗Best Covid Strategy
Implemented - Customer Experience‘, ‗Innovative Analytics Implementation
initiative of the year‘ and ‗Innovative Payment Initiative of the Year‘.
 ICICI Bank has been awarded in six categories at the Infosys Finacle
Innovation Awards, 2023. The Bank was declared winner in the following
categories: ‗Corporate Banking Digitisation‘, ‗Covid Response Innovation‘,
‗Customer Journey Reimagination‘, ‗Modern Technologies-led Innovation‘,
‗Process Innovation‘ and ‗Product Innovation‘.
 ICICI Bank has been declared as the winner in two categories - 'Best Co-
Branded Credit Card of the Year' and 'Best Credit Card of the Year' - at the 9th
edition of the Payments & Cards Awards organised by Kamikaze Media.
 ICICI Bank has emerged as the best employer in India in the BFSI sector, in
the Forbes list of the ―World‘s Best Employers‖ for 2023. Further, the Bank is
ranked among the top three BFSI companies globally, according to the list.
 ICICI Bank has been adjudged the ‗Strongest Bank in India in 2023‘ by The
Asian Banker.

Awards - 2022
ICICI Bank has been recognised as 'India's Most Sustainable Company' by BW
Business World magazine in the Banking, Financial Services and Insurance (BFSI)
sector. The Bank ranked 12th in the overall list of 194 companies. ICICI Bank is the
only bank to have received an A+ rating for its sustainable practices and robust
environment, social and governance framework.
ICICI Bank was declared as 'House of the Year, India' at Asia Risk Awards 2022.
Risk, a London-based magazine, organises these prestigious awards annually for firms
and individuals involved in Asia's derivatives market and risk management.
ICICI Bank emerged as the winner in the 'Best HR Technology Implementation'
category at the Asian Banker Financial Technology Innovation Awards 2022.
ICICI Bank was recognised as the winner in the ‗Best Innovation Programme‘
category at the Retail Banker International Asia Trailblazer Awards 2022. These

29
awards are organised by Retail Banker International, an online publication that
provides news on banking and finance from across the globe.
ICICI Bank has bagged five awards at the ‗Infosys Finacle Client Innovation Awards
2022‘. The Bank was declared winner in the following categories: ‗Corporate
Banking Digitisation‘, ‗Process Innovation‘, ‗Modern Technologies led Innovation‘
and ‗Customer Journey Innovation‘. The Bank was also declared runner-up in the
‗Channel Innovation‘ category.
ICICI Bank has been awarded the 'Best Sub-Custodian Bank in India' for the year
2022 by Global Finance, a financial publication headquartered in New York. The
Bank won the award for providing facilities like custodian and safe keeping of
securities, clearing of institutional investors' trades, physical custody and other related
services.
ICICI Bank has won a total of four awards at the Asian Banking & Finance Awards,
2022. The Bank was declared a winner in the categories of 'Corporate & Investment
Bank of the Year–India'; 'Corporate Client Initiative of the Year–India‘;
'Rural/Cooperative Bank of the Year–India' and 'Mobile Banking & Payment
Initiative of the Year–India‘.
ICICI Bank has won five awards at the National Award for Excellence in Energy
Management, 2022 organised by the Confederation of Indian Industry (CII). The
Bank was recognised for its innovative practices in the energy efficiency sector that
facilitates sustainable growth.
ICICI Bank has won four awards at The Asian Banker Excellence in Retail Financial
Services International Awards, 2022. This includes the overall award for the 'Best
Retail Bank' in India. This is the seventh year in a row that the Bank has won this
award. The other awards won by the Bank include 'Best Savings Account Product‘,
‗Best Chatbot or Voice Banking Service‘ and ‗Best Business Model'. The Bank was
declared winner in these categories among all Asian Banks. This year, ICICI Bank
has been ranked 5th in the Asia Pacific (APAC), the Middle East and Africa (MEA)
regions.
Awards - 202219

 ICICI Bank won the Bronze Medal in the ‗CSR & Not-for-Profit (beyond
metro)‘ category for the skilling initiatives undertaken through ICICI

30
 Foundation for Inclusive Growth that help the less-privileged youth in rural
and urban areas enabling them to earn sustainable livelihoods.
 ICICI Bank was awarded by the Government of India in the ‗Best Performing
Bank – Overall‘ and ‗Best Performing Bank, Statewise – Bihar‘ categories for
its significant contribution towards the Pradhan Mantri AwasYojnaGramin.
ICICI Bank was the only bank to be awarded in both the categories.
 ICICI Bank‘s tower in Gachibowli Hyderabad, was awarded a 4-star rating in
the recently concluded CII-SR EHS Excellence Award – 202219. The award
programme was organised by the Confederation of Indian Industry. The Bank
was awarded for the various initiatives undertaken to ensure environmental
protection at its tower in Hyderabad and safety of its employees.
 ICICI Bank was recognised as the ‗Best Consumer Digital Bank – 202219‘ for
India region by Global Finance; a publication headquartered in New York.
 ICICI Bank won two awards in the ‗Private Sector Banks‘ segment at Digital
Payments Awards 202218-19 organised by the Ministry of Electronics and
Information Technology (MeitY), Government of India. The Bank was
awarded for its outstanding performance in two categories -'BHIM Aadhaar
POS Deployment' and 'POS Deployment in rural India'.
 ICICI Bank emerged as the winner among Large Banks in ‗Best Digital
Payment Solution‘ category at the maiden edition of the ET BFSI Excellence
Awards organised by The Economic Times, a part of the Times Group. The
Bank was recognised for its work to use Unified Payments Interface (UPI) as a
payment solution for collection from delinquent customer in a seamless
manner.
 ICICI Bank was recognised as ‗Most Promising Financier‘ by JCB India
Limited for its work as a financer for construction equipments in India.

Awards - 202218
ICICI Bank won multiple awards at the 17th edition of the Energy Efficiency Summit
hosted by Confederation of Indian Industry (CII). The Bank won the ‗Excellence in
Energy Management‘ award for the fourth consecutive year. ICICI Bank‘s corporate
office in BKC, Mumbai was declared as the ‗National Energy Leader‘ at the summit.
Additionally, the Bank received the ‗Excellent Energy Efficient Unit‘ awards for
Empire Tower, Chandivali Tower and Mafatlal Tower offices in Mumbai, NBCC
31
Tower office in Delhi and the Ambattur Tower office Chennai. The Bank also
received the ‗Excellent Energy Efficient Unit‘ award for its data centre in Hyderabad
and call centre in Thane.
ICICI Bank was recognised as the ‗FX House of the Year‘ in India at the inaugural
edition of the FX Week Asia Awards 202218. The Bank won the award for the array
of Forex services that it provides in the Indian market. The awards are organised by
FX Week, a portal that covers news from the finance sector across the globe.
ICICI Bank was recognised as the winner in the ‗Smart Data Centre‘ category at the
maiden edition of the DCD 'Best in India' Awards 202218. The Bank was recognised
as the winner for its implementation of Internet of Things (IOT) and smart analytics to
improve the efficiency of its Data Centre operations. The awards were organised by
Data Centre Dynamics (DCD), a global B2B events and media company, delivering
insights to help the professionals driving the data centre scale IT infrastructure sector
to make strategic and operational decisions.
ICICI Foundation for Inclusive Growth (ICICI Foundation) won the ‗Foundation of
the Year‘ award at the fifth edition of CSR Impact Awards. The award was presented
during a ceremony hosted at India CSR Summit and Exhibition 202218 in Delhi. The
event was also supported by National Skill Development Corporation.
ICICI Bank won a total of three awards at the Asian Banking & Finance Retail
Banking Awards 202218. The bank was declared winner in the categories of ‗Online
Banking Initiative of the Year – India‘, ‗Website of the Year – India‘ and ‗Credit Card
Initiative of the Year – India‘. These awards are organised by Asian Banking &
Finance, a publication headquartered in Singapore that focuses on news on the finance
sector from across the globe.
ICICI Bank secured the top spot in The Forrester Banking Wave: Indian Mobile
Apps, Q2 202218 report. The report is published by Forrester, an American research
agency. The bank secured the top spot in this report with a combined score of 78,
which was 11 points ahead of its nearest competitor. The report also mentions ICICI
Bank's mobile banking app among the world's best app. The scores are given on the
basis of an evaluation of the services offered by seven large retail banks in the country
i.e. ICICI Bank, Axis Bank, HDFC Bank, IDBI Bank, IDFC Bank, Kotak Mahindra
Bank, and ICICI BANK LTD.
ICICI Bank won two awards at the Intelligent Enterprise Awards 202218. The bank
won awards in the ‗Artificial Intelligence‘ and ‗Blockchain‘ categories. The
32
Intelligent Enterprise Awards are organised by Express Computers, a magazine from
the Indian Express group.
ICICI BANK AT A GLANCE
ICICI Bank is a large private sector bank in India offering a diversified portfolio of
financial products and services to retail, SME and corporate customers. The Bank has
an extensive network of branches and ATMs. It is at the forefront of leveraging
technology and offering services through digital channels like mobile and internet
banking.

33
 CHAPTER-IV

DATA ANALYSIS

AND

INTERPRETATION

34
Table 4.1:For analysis Net Asset Value (NAV) of the Four AMC’S for the period

of 1st December 2022 to 22nd January 2023

SBI
LIC
Magnum
Market Nomura ICICI Blue ICICI
Balanced
Date Level Balanced - Chip Fund- Income
Fund-
( NIFTY) Growth Growth Fund-
Growth
Growth

22/01/2023 7376.65 92.37 73.93 13.58 44.94

21/01/2023 7357.00 91.38 73.04 13.31 45.01
20/01/2023 7381.8 91.24 73.07 13.39 44.84
19/01/2023 742022.35 92.12 74.02 13.67 44.75
18/01/2023 7561.65 91.30 73.33 13.50 44.72
17/01/2023 7467.4 92.89 74.55 13.78 44.74
14/01/2023 7557.9 94.2022 76.08 13.95 44.92
13/01/2023 7587.2 94.63 76.46 14.05 45.05
12/01/2023 7527.45 94.93 76.91 14.01 45.10
11/01/2023 7611.65 95.46 77.47 14.12 45.13
08/01/2023 7673.35 95.87 77.98 14.17 45.09
07/01/2023 7788.05 95.25 77.48 14.09 45.07
06/01/2023 7828.4 96.38 79.26 14.44 45.04
05/01/2023 7924.55 96.29 79.50 14.48 45.03
04/01/2023 7938.45 96.34 79.34 14.43 45.01
01/01/2023 7897.8 97.43 80.44 14.71 44.98
31/12/2022 7938.6 96.99 79.96 14.67 44.93
30/12/2022 7929.2 96.61 79.80 14.60 44.95
29/12/2022 7863.2 96.76 79.98 14.66 44.92
28/12/2022 7888.75 96.67 79.97 14.63 44.97
23/12/2022 7830.45 96.27 79.65 14.53 44.96
22/12/2022 7829.4 96.13 79.55 14.53 44.90
21/12/2022 7745.65 95.44 79.17 14.41 44.87

35
18/12/2022 7828.9 95.55 79.33 14.48 44.96
17/12/2022 7783.05 95.37 78.79 14.38 45.09
18/12/2022 7725.25 95.68 79.17 14.52 45.06
17/12/2022 7659.17 94.91 78.47 14.29 44.94
14/12/2022 7558.2 94.55 78.28 14.22 44.92
11/12/2022 7699.6 94.08 78.08 14.11 45.02
10/12/2022 7643.3 93.99 78.04 14.04 44.98
09/12/2022 7695.5 94.32 78.68 14.18 44.99
08/12/2022 7738.5 93.94 78.34 14.00 45.00
07/12/2022 7818.55 94.82 79.28 14.22 45.11
04/12/2022 7817.6 95.28 79.88 14.34 45.08
03/12/2022 7902.3 95.46 79.90 14.34 45.24
02/12/2022 7976.7 95.74 80.53 14.45 45.17
01/12/2022 7958.17 96.06 81.00 14.56 45.18
Average 7722.38 94.93 78.07 14.21 44.91

Source:https://www.google.com/search?q=Net+Asset+Value+(NAV)+of+the+Four+Asset+manageme

nt+companies&oq=Net+Asset+Value+(NAV)+of+the+Four+Asset+management+companies&aqs=chr

ome..69i57.18257j0j8&sourceid=chrome&ie=UTF-8

36
Table 4.2 : Calculations of Risk of SBI Magnum Balanced Fund- Growth

For the period of 1stDecember 2022 to 22nd January 2023

SBI Magnum

Balanced

Market Level Fund-

Date ( NIFTY) Returns Growth Returns

22/01/2023 7376.65 92.37

21/01/2023 7357.00 -2022.65 91.38 -0.99

20/01/2023 7381.8 24.8 91.24 -0.14

19/01/2023 742022.35 38.55 92.12 0.88

18/01/2023 7561.65 141.3 91.30 -0.82

17/01/2023 7467.4 -94.25 92.89 1.59

14/01/2023 7557.9 90.5 94.2022 1.31

13/01/2023 7587.2 29.3 94.63 0.43

12/01/2023 7527.45 -59.75 94.93 0.3

11/01/2023 7611.65 84.2 95.46 0.53

08/01/2023 7673.35 61.7 95.87 0.41

07/01/2023 7788.05 114.7 95.25 -0.62

06/01/2023 7828.4 40.35 96.38 1.13

05/01/2023 7924.55 96.17 96.29 -0.09

04/01/2023 7938.45 13.9 96.34 0.05

01/01/2023 7897.8 -40.65 97.43 1.09

31/12/2022 7938.6 40.8 96.99 -0.44

30/12/2022 7929.2 -9.4 96.61 -0.38

37
 29/12/2022 7863.2 -66 96.76 0.17

28/12/2022 7888.75 25.55 96.67 -0.09

23/12/2022 7830.45 -58.3 96.27 -0.4

22/12/2022 7829.4 -1.05 96.13 -0.14

21/12/2022 7745.65 -83.75 95.44 -0.69

18/12/2022 7828.9 83.25 95.55 0.11

17/12/2022 7783.05 -45.85 95.37 -0.18

18/12/2022 7725.25 -57.8 95.68 0.31

17/12/2022 7659.17 -66.1 94.91 -0.77

14/12/2022 7558.2 -100.95 94.55 -0.36

11/12/2022 7699.6 141.4 94.08 -0.47

10/12/2022 7643.3 -56.3 93.99 -0.09

09/12/2022 7695.5 52.2 94.32 0.33

08/12/2022 7738.5 43 93.94 -0.38

07/12/2022 7818.55 78.05 94.82 0.88

04/12/2022 7817.6 1.05 95.28 0.46

03/12/2022 7902.3 84.7 95.46 0.18

02/12/2022 7976.7 74.4 95.74 0.28

01/12/2022 7958.17 -18.55 96.06 0.32

Average 17.74 0.173

Source :https://www.google.com/search?q=SBI+Magnum+Balanced+Fund-

+Growth&oq=SBI+Magnum+Balanced+Fund-

+Growth&aqs=chrome..69i57j0l5.2107j0j8&sourceid=chrome&ie=UTF-8

38
 Stranded Deviation (SD) 1.48 0.08

Beta 0.57

Chart 4.1: Graphical Presentation of SBI Magnum Balanced Fund-Growth For

the month of January 2023

Interpretation:

SBI Magnum Balanced Fund-Growth has been analyzed and it is found that there is a

positive growth. However on the basis of the avg returns of SBI there is a growth 0.17

as against the index avg of 14.74 the beta being less than 1 the stock is not highly

volatile.

39
Table 4.3 : Calculations of Risk of LIC Nomura Balanced -Growth

For the period of 1st December 2022 to 22nd January 2023

Market Level LIC Nomura

Balanced -

Date ( NIFTY) Returns Growth Returns

22/01/2023 7376.65 73.93

21/01/2023 7357.00 -2022.65 73.04 -0.89

20/01/2023 7381.8 24.8 73.07 0.03

19/01/2023 742022.35 38.55 74.02 0.95

18/01/2023 7561.65 141.3 73.33 -0.69

17/01/2023 7467.4 -94.25 74.55 1.22

14/01/2023 7557.9 90.5 76.08 1.53

13/01/2023 7587.2 29.3 76.46 0.38

12/01/2023 7527.45 -59.75 76.91 0.45

11/01/2023 7611.65 84.2 77.47 0.56

08/01/2023 7673.35 61.7 77.98 0.51

07/01/2023 7788.05 114.7 77.48 -0.5

06/01/2023 7828.4 40.35 79.26 1.78

05/01/2023 7924.55 96.17 79.50 0.24

04/01/2023 7938.45 13.9 79.34 -0.18

01/01/2023 7897.8 -40.65 80.44 1.1

31/12/2022 7938.6 40.8 79.96 -0.48

30/12/2022 7929.2 -9.4 79.80 -0.18

29/12/2022 7863.2 -66 79.98 0.18

40
 28/12/2022 7888.75 25.55 79.97 -0.01

23/12/2022 7830.45 -58.3 79.65 -0.32

22/12/2022 7829.4 -1.05 79.55 -0.1

21/12/2022 7745.65 -83.75 79.17 -0.4

18/12/2022 7828.9 83.25 79.33 0.18

17/12/2022 7783.05 -45.85 78.79 -0.54

18/12/2022 7725.25 -57.8 79.17 0.36

17/12/2022 7659.17 -66.1 78.47 -0.68

14/12/2022 7558.2 -100.95 78.28 -0.2022

11/12/2022 7699.6 141.4 78.08 -0.2

10/12/2022 7643.3 -56.3 78.04 -0.04

09/12/2022 7695.5 52.2 78.68 0.64

08/12/2022 7738.5 43 78.34 -0.34

07/12/2022 7818.55 78.05 79.28 0.94

04/12/2022 7817.6 1.05 79.88 0.6

03/12/2022 7902.3 84.7 79.90 0.02

02/12/2022 7976.7 74.4 80.53 0.63

01/12/2022 7958.17 -18.55 81.00 0.47

Average 18.17 0.2022

Source:https://www.google.com/search?safe=active&ei=5OWIXIu0MpSavQSG9L_IAw&q=Risk+of+

LIC+Nomura+Balanced+-Growth&oq=Risk+of+LIC+Nomura+Balanced+-Growth&gs

41
Stranded Deviation (SD) 1.48 0.04

Beta 0.42

Chart 4.2:Graphical Presentation of LIC Nomura Balanced -Growth For the

month of January 18

Interpretation:

LIC Nomura Balanced –Growth have been analyzed and it is found that there is a

negative growth. However on the basis of the avg returns of LIC Nomura Balanced –

Growth there is a negative growth 0.14as against the index avg of negative 0.2022 the

beta being less than 1 the stock is not highly volatile.

42
Table 4.4 : Calculations of Risk of ICICI limited Blue-chip fund-Growthfor the

period of 1st December 2022 to 22nd January 2023

KOTAK

Market Level Return MAHINDRA Return

Date
( NIFTY) blue chip

fund-Growth

22/01/2023 7376.65 13.58

21/01/2023 7357.00 -2022.65 13.31 -0.27

20/01/2023 7381.8 24.8 13.39 0.08

19/01/2023 742022.35 38.55 13.67 0.28

18/01/2023 7561.65 141.3 13.50 -0.17

17/01/2023 7467.4 -94.25 13.78 0.28

14/01/2023 7557.9 90.5 13.95 0.17

13/01/2023 7587.2 29.3 14.05 0.1

12/01/2023 7527.45 -59.75 14.01 -0.04

11/01/2023 7611.65 84.2 14.12 0.11

08/01/2023 7673.35 61.7 14.17 0.05

07/01/2023 7788.05 114.7 14.09 -0.08

06/01/2023 7828.4 40.35 14.44 0.35

05/01/2023 7924.55 96.17 14.48 0.04

04/01/2023 7938.45 13.9 14.43 -0.05

01/01/2023 7897.8 -40.65 14.71 0.28

31/12/2022 7938.6 40.8 14.67 -0.04

30/12/2022 7929.2 -9.4 14.60 -0.07

43
 29/12/2022 7863.2 -66 14.66 0.06

28/12/2022 7888.75 25.55 14.63 -0.03

23/12/2022 7830.45 -58.3 14.53 -0.1

22/12/2022 7829.4 -1.05 14.53 0

21/12/2022 7745.65 -83.75 14.41 -0.12

18/12/2022 7828.9 83.25 14.48 0.07

17/12/2022 7783.05 -45.85 14.38 -0.1

18/12/2022 7725.25 -57.8 14.52 0.14

17/12/2022 7659.17 -66.1 14.29 -0.23

14/12/2022 7558.2 -100.95 14.22 -0.07

11/12/2022 7699.6 141.4 14.11 -0.11

10/12/2022 7643.3 -56.3 14.04 -0.07

09/12/2022 7695.5 52.2 14.18 0.12

08/12/2022 7738.5 43 14.00 -0.18

07/12/2022 7818.55 78.05 14.22 0.22

04/12/2022 7817.6 1.05 14.34 0.12

03/12/2022 7902.3 84.7 14.34 0

02/12/2022 7976.7 74.4 14.45 0.11

01/12/2022 7958.17 -18.55 14.56 0.11

Average 18.17 0.02

Source:https://www.google.com/search?safe=active&ei=yeaIXIqZF5Ky9QPqwb-

gAg&q=Risk+of+India+Infoline+Finance+limited+Bluechip+fund-

Growth&oq=Risk+of+India+Infoline+Finance+limited+Bluechip+fund-Growth

44
Stranded Deviation (SD) 1.48 0.01

Beta 0.12

Graph 4.3:Graphical Presentation of ICICI limited Blue chip fund Growth For

the month of January 2022

Interpretation:

ICICI Limited blue chip fund-Growthhave been analyzed and it is found that there is a

positive growth. However on the basis of the avarage returns of ICICI Limited blue

chip fund-Growth there is a negative growth 0.02 as against the index avarage of

negative 0.02 the beta being less than 0.12 the stock is not highly volatile.

45
Table 4.5 :Calculations of ICICI limited Income fund-growth

For the period of 1st December 2022 to 22nd January 2023

Market Level ICICI income

Date
( NIFTY) Return fund-growth Return

22/01/2023 7376.65 44.94

21/01/2023 7357.00 -2022.65 45.01 0.07

20/01/2023 7381.8 24.8 44.84 -0.17

19/01/2023 742022.35 38.55 44.75 -0.09

18/01/2023 7561.65 141.3 44.72 -0.03

17/01/2023 7467.4 -94.25 44.74 0.02

14/01/2023 7557.9 90.5 44.92 0.18

13/01/2023 7587.2 29.3 45.05 0.13

12/01/2023 7527.45 -59.75 45.10 0.05

11/01/2023 7611.65 84.2 45.13 0.03

08/01/2023 7673.35 61.7 45.09 -0.04

07/01/2023 7788.05 114.7 45.07 -0.02

06/01/2023 7828.4 40.35 45.04 -0.03

05/01/2023 7924.55 96.17 45.03 -0.01

04/01/2023 7938.45 13.9 45.01 -0.02

01/01/2023 7897.8 -40.65 44.98 -0.03

31/12/2022 7938.6 40.8 44.93 -0.05

30/12/2022 7929.2 -9.4 44.95 0.02

46
 29/12/2022 7863.2 -66 44.92 -0.03

28/12/2022 7888.75 25.55 44.97 0.05

23/12/2022 7830.45 -58.3 44.96 -0.01

22/12/2022 7829.4 -1.05 44.90 -0.06

21/12/2022 7745.65 -83.75 44.87 -0.03

18/12/2022 7828.9 83.25 44.96 0.09

17/12/2022 7783.05 -45.85 45.09 0.13

18/12/2022 7725.25 -57.8 45.06 -0.03

17/12/2022 7659.17 -66.1 44.94 -0.12

14/12/2022 7558.2 -100.95 44.92 -0.02

11/12/2022 7699.6 141.4 45.02 0.1

10/12/2022 7643.3 -56.3 44.98 -0.04

09/12/2022 7695.5 52.2 44.99 0.01

43 0.01
45.00
08/12/2022 7738.5

07/12/2022 7818.55 78.05 45.11 0.11

04/12/2022 7817.6 1.05 45.08 -0.03

03/12/2022 7902.3 84.7 45.24 0.18

02/12/2022 7976.7 74.4 45.17 -0.09

01/12/2022 7958.17 -18.55 45.18 0.03

Average 18.17 0.006

Source:https://www.google.com/search?safe=active&ei=LueIXMvyBY30rQG7pJLABA&q=India+Inf

olineFinance+limited+income+fund-growth&oq=India+InfolineFinance+limited+income+fund-

growth&gs

47
 Stranded Deviation (SD) 1.48 0.002

Beta 0.08

Graph 4.4:Graphical presentation of ICICI Limited income fund-growth)For the

month of January

Interpretation:

ICICI BANK Income fund-growth has been analyzed and it is found that there is a

negative growth. However on the basis of the average returns of ICICI

BANKIncomefund-growththere is a negative growth 0.02 as against the index avarage

of negative 0.02 the beta being less than 0.08 the stock is not highly volatile.

48
Table 4.6:Comparative Study of the performance of the Selected

AMC’s Sharp index and Treynor index are calculated For the

month of January 2022

Sharp' Treyno
Bet
Return Risk s r
Name of the Fund a Rf
(Rm) (stddev) (Rm- (Rm-
(β)
Rf)/σ Rf)/β

SBI Magnum

Balanced Fund- 0.173 0.08 0.57 0.06

Growth 1.18 0.26

LIC Nomura
0.2022 0.04 0.47 0.06
Balanced –Growth 3.25 0.27

ICICI Blue chip 0.0

0.02 0.01 0.12
fund-Growth 6 -4.00 -0.33

KOTAK
0.0
MAHINDRAIncom 0.006 0.002 0.08
6
e fund-growth -2.7 -0.67

SOURCE:https://www.google.co.in/search?ei=AuiIXOChKsGamgfz6Kz4Aw&q=Comparative+Study

+of+the+performance+of+the++SBI+MAGNUM+FUND+AND+LIC+NOMURA+AMC%E2%80%9

9s+Sharp+index++and++Treynor+index&oq=Comparative+Study+of+the+performance+of+the++SBI

+MAGNUM+FUND+AND+LIC+NOMURA+AMC%E2%80%99s+Sharp+index++and++Treynor+in

dex&gs

49
Chart4.4:The graphical representation of Sharp Index

0.00 Sharpe's Index

-0.05

-0.10

-0.15

-0.20

-0.25

-0.30

Name of the Fund

Interpretation:

 From the above table and graph we can know that LIC Nomura Balanced –

Growthand SBI Magnum Balanced Fund- Growth are giving good returns and

they are in first position,

 And the second position is SBI

50
Chart 4.5:The graphical representation of TREYNER Index

Trenyor's Ratio

0.00
-0.10
-0.20
-0.30
-0.40
-0.50
-0.60
-0.70
-0.80
Name of the Fund

Interpretation:

 From the above table and graph we can know LIC Nomura Balanced -

Growth is performing well and it is in first position

 And the second position is SBI Magnum Balanced Fund- Growth I

 The general trend in the reduction of the market price for various mutual

funds studied is not encouraging the stock market index has also been

falling continuously because of general economic slowdown however the

funds are ranked considering sharp and trenyors in the order of

performances

51
CHAPTER-V
FINDINGS

SUGGESTIONS

CONCLUSIONS

52
5.1FINDINGS OF THE STUDY

SHARPE‘S: As per Sharpe performance measure, a high Sharpe ratio is preferable as

it indicates a superior risk adjusted performance of a fund. From the above table LIC

NomuraBalanced -Growth and SBI show a better risk-adjusted performance out of top

Four AMC‘S.

TREYNOR‘s: As per Treynor‘sratio the Treynor‘s reward to volatility - having high

positive index is favorable. Therefore, as per this ratio also LIC Nomura Balanced -

Growth is preferable.

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5.2 SUGGESTIONS

 Customer education of the salaried class individuals is far below standard.

Thus Asset Management Company‘s need to create awareness so that the

salaried class people become the prospective customer of the future.

 Early and mid earners bring most of the business for the Asset Management

Company‘s. Asset Management Company‘s thus needed to educate and

develop schemes for the person‘s who are at the late earning or retirement

stage to gain the market share.

 Return‘s record must be focused by the sales executives while explaining the

schemes to the customer. Pointing out the brand name of the company

repeatedly may not too fruitful.

 The target market of salaried class individual has a lot of scope to gain

business, as they are more fascinated to Mutual Funds than the self employed.

 Schemes with high equity level need to be targeted towards self employed

and professionals as they require high returns and are ready to bear risk.

 Salary class individuals are risk averse and thus they must be assured of the

advantage of ―risk – diversification‖ in Mutual Funds.

 There should be given more time & concentration on the Tier-3 distributors.

 The resolution of the queries should be fast enough to satisfy the distributors

 Time to time presentation/training classes about the products should be there.

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5.3LIMITATIONS OF THE STUDY:

1. The study is conducted in short period, due to which the study may not be

detailed inall aspects.

2. The study is limited only to the analysis of different schemes and its suitability

to different investors according to their risk-taking ability.

3. The study is based on secondary data available from monthly fact sheets, web

sites; offer documents, magazines and newspapers etc., as primary data was not

accessible.

4. The study is limited by the detailed study of various schemes.

6. The data collected for this study is not proper because some mutual funds are

not disclosing the correct information.

7. The study is not exempt from limitations of Sharpe Treynor and Jenson

measure.

8. Unique risk is completely ignored in all the measure.

55
5.4 CONCLUSIONS
 From the study analysis conducted it is clear that in equity funds- SBI mutual fund

is performing very well.

 Investing in the LIC Nomura Balanced -Growth will leads to profits.

 By seeing the overall performance SBI Mutual Fund is performing very well.

 The prospective investors are needed to be made aware of the investment in mutual

funds.

 The Industry should keep consistency and transparency in its management and

investors objectives.

 There is 100% growth of mutual fund as foreign AMCS are in queue to enter the

Indian markets.

 Mutual funds can also portrait in to rural areas.

56
BIBLIOGRAPHY

BOOK

1. Glenn Hubbard, Michael f. Koehn,‖ the mutual fund industry: competition

and investor welfare‖ 1st edition Published by Columbia University Press,

202210.

2. Donald Fischer & Ronald Jordan --―Security Analysis and portfolio

th
Management‖,6 edition published by prentice Hall 202295.

3. Prasanna Chandra - ―Financial Management Theory and Principle‖- 202208.

JOURNAL

1. Glushkov, D. and Statman, M., 202215. Classifying and Measuring the

Performance of Socially Responsible Mutual Funds.

2. Bogle, J.C., 202215. Bogle on mutual funds: New perspectives for the

intelligent investor. John Wiley & Sons.

3. Frankel, T. and Laby, A.B., 202215. The regulation of money managers:

mutual fundsand advisers (Vol. 3). Wolters Kluwer Law & Business

WEB SITE

1. https://mf.indiainfoline.com/MFOnline/Home

2. https://economictimes.indiatimes.com/mutual-funds

3. https://www.nseindia.com/products/content/equities/mutual_funds/mfss.htm

4. https://www.moneycontrol.com/mutualfundindia

57
NEWSPAPER

1 .Dharmendra Kumar 2023―Should a new investor invest in direct plans of mutual

funds?‖ on ECONOMIC TIMES, July 17

2.Jash Kriplani2023―Mutual funds disclousers from rating agencies to improve

predictability‖ BUSINESS STANDARD ,November 15

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