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  • 8/8/2019 Bilal Projects



    Summer Training Report



    Submitted to Punjab Technical University in partial fulfillment of

    the requirement for the degree of









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    Certificate I

    This is to certify that this research project entitled Mutual funds andtheir Comparative analysis submitted for the partial fulfillment of

    requirements for the degree of Bachelor of Business Administration at Swami

    Vivekanand Institute of Management and Technology, affiliated to Punjab

    Technical University, Jalandhar is a bonafide research work carried out by

    Bilal Ahmed Bhatt, of BBA, University Roll No. 80906320013, under my

    supervision and that no part of this project has been submitted for any other


    The assistance and help received during the course of this project have been

    fully acknowledged.

    Major Advisor


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    No work is considered complete unless due acknowledgement is given to those who made itpossible. Therefore, I am very thankful to the entire team of SBI BANK for their cooperation,

    without which completion of this project would not have been possible.

    Words at my command are inadequate both in form and spirit to express my sincere and

    profound gratitude to Mr. M. Sharma (branch manager)ofSBI for having confidence in my

    abilities and giving me all the liberties to perform. Sirs meticulous guidance, keen supervision

    and whole hearted help has made me capable to complete this project. I would also like to thank

    Mr. Hitesh Mehta and Mr.Dinesh (Advisor- Mutual Funds) for sharing with me all the details

    of the project and providing me with valuable insights about the product. I would also like to

    thankMs. Meenu (Advisor credit cards), Mr.Deepak bajaj(personal banker) for the patience

    shown by them and being of such a great help to all my queries and above all making the

    environment more comfortable for me.

    Last but not the least I would like to thank my co-trainees Ms sheetal and

    Ms rachna, they have been a great support in preparing this report as well as in discussing about

    the related data and creating a cozy environment for my research work.



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    S. No. Particulars Page


    1 Abstract

    2. Overview of banking industry

    3. Introduction to the mutual funds4. Profile and history of SBI

    5. Performance and financial structure of SBI

    6. Review of literature

    7. Research methodology

    8. Data presentation,analysis and interpretation

    9. Summary,conclusion &recommendations




    In todays world where people are more concerned about protecting their future, they need to

    plan out their investments in a judicious manner. Investment goals vary from person to person.

    While somebody wants security, others might give more weight age to returns alone. Somebody

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    else might want to plan for his childs education while somebody might be saving for life after


    With different objectives their main aim is that they want their money to grow in a safe and

    secure manner. but there is a phrase which states that Higher the Risk Higher is the Return

    everyone is not that strong that he could risk his earning but they do want to earn at minimum

    possible risk

    This project basically concentrates on the study of Mutual Funds as investment avenues, which

    are currently attracting investors from all walks of life. This project also enhanced my

    knowledge about the subject and enabled me to understand the terms more easily by knowing the

    funds behind the name and its implications. This project aims at understanding the customer

    knowledge and satisfaction towards mutual funds.

    Lastly Enough work has not been done on this subject hence I have chosen this project for

    further research to guide .This Analysis can help in relating the availability of investment

    avenues and satisfaction of people about them.

    Objectives of the research:

    To gain knowledge about MUTUAL FUNDS as it has wider scope.

    For the fruitful results to the organisation by making public aware about the mutual funds

    provided by the SBI limited.

    To know the public perception towards mutual funds such as level of usage, factors influencing

    the investment in mutual funds, benefits accruing to the investors in mutual funds, problems

    encountered etc.

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    Introduction to STATE BANK OF INDIA


    State Bank of India (SBI) is a Public Sector Banking Organisation (PSB), in which theGovernment of India is the biggest shareholder. It is the largest bank in India and is ranked at

    380 in 2008 Fortune Global 500 list, and ranked 219 in 2008 Forbes Global 2000. Measured by

    the number of branch offices, SBI is the second largest bank in the world. SBI traces its ancestry

    back to the Bank of Calcutta, which was established in 1806; this makes SBI the oldest

    commercial bank in the Indian subcontinent. SBI provides various domestic, international and

    NRI products and services, through its vast network in India and overseas. With an asset base of

    $126 billion and its reach, it is a regional banking behemoth.

    In recent years the bank has focused on four priorities, first, reducing its huge staff through the

    Golden Handshake scheme known as the Voluntary Retirement Scheme, second, computerizing

    its operations, third, implementation of Business Process Re-Engineering(BPR), and fourth,

    trying to change the rude attitude of its staff through a program aptly named 'Parivartan' or

    'change'. On the whole, the Bank has been successful in the first three initiatives but has failed in


    After a 20 year hiatus, the Bank is recruiting 20000 clerks and 3500 officers. The pick of the

    universities aspire to join the Bank and more than 2.5 million applications have been received.


    Offices of the Bank of Bengal

    1806: On June 2, the Bank of Calcutta was established.

    1809: On January 2, the Bank of Calcutta changed its name to the Bank of Bengal.

    1840: On April 15, the Bank of Bombay was established.

    1843: On July 1, the Bank of Madras was established.

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    These three banks Bank of Bengal, Bank of Bombay, and Bank of Madras were known as

    Presidency banks, were the result of royal charters, and were incorporated as joint stock


    1861: The government passed the Paper Currency Act, limiting the right to issue paper

    currency to the three Presidency banks, .

    1921: On January 27, the government amalgamated the three Presidency banks to form

    the Imperial Bank of India. The Imperial Bank of India continued as a joint stock

    company. Until the establishment of a central bank in India, the Imperial Bank and its

    early predecessors served as India's central bank, at least with respect to the issuing of


    1955: On30 April, theParliament of Indiaenacted the State Bank of India Actauthorizing the Reserve Bank of India (RBI), which is thecentral bank, to acquire a

    controlling interest in the Imperial Bank of India. The RBI then took a 60% ownership

    stake. On July 1, Imperial Bank of India became State Bank of India.

    1959: theGovernment of Indiapassed the State Bank of India (Subsidiary Banks) Act,

    which enabled SBI to take over eight former State-associated banks as its subsidiaries.

    1980s When Bank of Cochin in Keralafaced a financial crisis, the government merged it

    with State Bank of India.

    2007: OnJune 29, the Government of India acquired the entire Reserve Bank of India

    (RBI) shareholding in State Bank of India (SBI), consisting of over 314 million equity

    shares, with a market value of over 355 billion rupees.

    2008: 9 March2008State Bank of India on Sunday became the second bank in the world

    to have 10,000 branches when Union Finance Minister P Chidambaram inaugurated its

    latest branch at his native place Puduvayal.