1
SUMMER INTERNSHIP PROJECT REPORT
ON
RISK ANALYSIS OF MUTUAL FUNDS
AT
ANGEL BROKING
SUBMITTED TO
DURGADEVI SARAF INSTITUTE OF MANAGEMENT STUDIES
In partial fulfillment of the academic requirements for the PGDM
Program
Submitted by
Aartesh Satyendra Gupta
20192010
2019–2021
Under the guidance of
Industry Mentor
Gaurav Jain
Faculty Mentor
Dr. Sarita Vichore
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STUDENT’S DECLARATION
This is to declare that the study presented by me to Durgadevi Saraf Institute of Management Studies, in partial
completion of the PGDM under the title “Risk Analysis of Mutual Funds”had been done under the guidance of
Dr. Sarita Vichore & Gaurav Jain during May-June 2020.
Place: Mumbai Signature of the Student
Date: Roll No.- 20192010
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CERTIFICATE BY INDUSTRY MENTOR
On Company Letter Head
Date:31/07/2020
TO WHOMSOEVER IT MAY CONCERN
This is to certify that Aartesh Satyendra Gupta studying in Durgadevi Saraf Institute of Management Studies
underwent Internship with us from 01st May 2020 to 30th June 2020 during which he successfully completed
project/s on 30/06/2020
We wish Aartesh Gupta all the best for her future endeavors.
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Certificate –Faculty Mentor
Certified that the project titled RISK ANALYSIS OF MUTUAL FUNDS presented by Aartesh Gupta 20192010
represents his original work which was carried out by him at the Durgadevi Saraf Institute of Management
Studies under my guidance and supervision during the period from 2019 to 2021.
Name of guide: Gaurav Jain
Signature of Faculty guide: Sarita Vichore
Date:- 30/06/2020
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ACKNOWLEDGEMENT
I wish to express my deep sense of gratitude to Dr. Sarita Vichore and in particular Mr. Gaurav Jain for the
timely guidance, inspiration and encouragement in the conduct of my Summer Internship Project work. I would
also like to thank the entire team for constantly supporting me throughout the summer internship and other
Officials in the Industry for all their valuable assistance.
I take this opportunity to thank my faculty mentor Prof. Sarita Vichore for her able guidance and valuable
suggestions, which helped me in completing the project work, in time.
I take immense pleasure in thanking Dr. Babu, Director, Durgadevi Saraf Institute of Management Studies, for
having permitted me to carry out this project work.
I would thank my dear parents with all the gratitude and respect for their constant and impeccable support
throughout the summer internship course. Also for having faith in me to achieve the much needed experience.
It is my pleasure to be indebted to various people, who directly or indirectly contributed in the development of
this project and who influenced my thinking, behaviour and acts during the summer internship period.
Student Name- Aartesh Gupta.
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Sr.
No.
Topics
Page No.
1
Introduction
7
2
Objectives
8
3
SEBI Guidelines
8
4
Types of Mutual Fund Schemes
11
5
Investment Options
15
6
Modes of Investments
16
7
Mutual Fund Industry
18
8
History of Mutual Fund
20
9
Methodology
21
10
Data Collection
22
11
Risk Analysis of Mutual Funds
31
12
Key Analysis
34
13
Conclusion
36
14
References
37
Introduction
Mutual funds are financial intermediaries, which collect the savings of investors & invest them in a
large & well diversified portfolio of securities such as money market instruments, corporate
& government bonds & equity shares of joint stock companies. A Mutual fund is a pool of common funds
invested by different investors, who have no contact with each other. Mutual funds are conceived as
institutions for providing small investors with avenues of investments in the capital market. Since small
investors generally do not have adequate time knowledge, experience & resources for directly accessing
the capital market, they must rely on an intermediary which undertakes informed investment decisions &
provides consequential benefits of professional expertise. The advantages for the investors are reduction
in risk, expert professional management, diversified portfolios, & liquidity of investment & tax benefits.
By pooling their assets through mutual funds, investors achieve economies of scale. The interests of the
investors are protected by the SEBI, which acts as a watchdog. Mutual funds are governed by the SEBI
