Post on 07-Apr-2018
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An Analytical Study of Mutual Fund
Schemes
(Bond Funds)
Presented to: Prof. Prasad Akolkar
Presented by:
Name Roll no.
Chirag Badaya 02
Bhargava R. Sistla 55
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Concept
A Mutual Fund is a trust that pools the savings of anumber of investors who share a common financial goal.
The money thus collected is then invested in capitalmarket instruments such as shares, debentures and other
securities. The income earned through these investments and the
capital appreciation realised are shared by its unit holdersin proportion to the number of units owned by them.
Thus a Mutual Fund is the most suitable investment forthe common man as it offers an opportunity to invest in adiversified, professionally managed basket of securities ata relatively low cost.
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Source: http://www.mutualfundsindia.com
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Type of Mutual Fund Schemes
Structure
Open Ended Funds
Close Ended Funds
Interval Funds
Investment
Objective
Growth Funds
Income Funds
Balanced Funds
Money Market
Funds
Special Schemes
Industry SpecificSchemes
Index Schemes
Sectoral Schemes
Nature
Equity
FundDebt Funds
Gilt Funds
IncomeFunds
MIPs
Short term
Plans
LiquidFunds
Balanced
Funds
Types of Mutual Funds
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Bond Funds- Concept
Investment vehicle
Moderate returns-High safety
Large portfolio with minimal risk
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Risks Associated
Risks
Interest Rate Risk Credit Risk Delay Risk
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CRISIL Top 5
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Product comparisonFactor HDFC Income Fund BSL Dynamic Bond Fund
Nature Open Ended Income Scheme Open ended Income Scheme
Inception Date 11-Sep-2000 27-Sep-2004
Scheme Objective The objective of the scheme is to
optimise returns while maintaining a
balance of safety, yield and liquidity.
The objective of the scheme is to generate
optimal returns with high liquidity through
active management of the portfolio by
investing in High Quality Debt and Money
Market Instruments.
Asset allocation Debt instruments 80% - 100%
Money Market instruments 0- 20%
G-Sec- 50% to 60%
Corporate Bonds 25% - 35%
Cash/ Liquid instruments - 0% - 25%
Fund manager Mr. Shobhit Mehrotra
Mr. Miten Lathia
Mr. Maneesh Dangi
Risk profile Low to Medium Low to Medium
Entry load NIL NIL
Exit load 0.50- if within 180 days
Nil - After 180 days
0.50- if within 180 days
Nil - After 180 days
Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index
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ComparisonFactor HDFC Income Fund BSL Dynamic Bond Fund
Minimum Investment Rs. 5000 Rs. 5000
Portfolio Characteristics:
Avg. Maturity
Avg. Credit Rating
Avg. Yield to maturity (%)
No. Of Holdings
8.94 Yrs
AAA
-
19
4.30 Yrs
AA
9.63
30
Asset Allocation:
EquityDebt
Cash & Cash Equivalents
Commodities
(%)
0.0095.83
4.17
0.00
0.0094.72
5.28
0.00
Instrument Break up:
Debentures
GOI Sec
Cash/net Current Assets
Certificate of Deposit
Structured Obligation
Floating Rate Debenture
Bonds
(%)
48.19
45.84
4.17
1.80
NA
NA
NA
44.15
17.89
5.28
0.25
15.97
10.88
5.55
Source: Value Research
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HDFC Income Fund
BSL Dynamic Bond Fund
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