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SUMMER TRAINING PROJECT REPORT ON “OVERALL ANALYSIS OF VARIOUS MUTUAL FUNDS,DEMAT ACCOUNT AND LIFE INSURANCE POLICIES OF RELIANCE MONEY, MORADABAD” SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE MASTER’S DEGREE IN BUSINESS ADMINISTRATION OF UTTARAKHAND TECHNICAL UNIVERSITY, DEHRADUN SUBMITTED TO: INTERNAL GUIDE EXTERNAL GUIDE Name : M Ne!"#"$a B"%a Name:M Pa&a' A(a)%a' De"(*a$"+*: Le$-)e) De"(*a$"+*: Ce*$)e Ma*a(e) IMS C+m.a*& Name: Re'"a*e M+*e& De/)a#-* L+a$"+*: M+)a#a!a# SUBMITTED BY:  NAVEEN CHANDR A JOSHI (MB08037) INSTITUTE OF MANAGEMENT STUDIES0DEHRADUN BATCH 122301242 1

Analyss of Mutual Fund and Life Insurance

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8/13/2019 Analyss of Mutual Fund and Life Insurance

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SUMMER TRAINING PROJECT REPORT

ON

“OVERALL ANALYSIS OF VARIOUS MUTUALFUNDS,DEMAT ACCOUNT AND LIFE INSURANCE

POLICIES OF RELIANCE MONEY, MORADABAD”

SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR

THE MASTER’S DEGREE IN BUSINESS ADMINISTRATION

OF

UTTARAKHAND TECHNICAL UNIVERSITY, DEHRADUN

SUBMITTED TO:

INTERNAL GUIDE EXTERNAL GUIDE

Name: M Ne!"#"$a B"%a Name:M Pa&a' A(a)%a'

De"(*a$"+*: Le$-)e) De"(*a$"+*: Ce*$)e Ma*a(e)

IMS C+m.a*& Name: Re'"a*e M+*e&De/)a#-* L+a$"+*: M+)a#a!a#

SUBMITTED BY:

 NAVEEN CHANDRA JOSHI

(MB08037)

INSTITUTE OF MANAGEMENT STUDIES0DEHRADUN

BATCH 122301242

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ACKNO5LEDGEMENT

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  NAVEEN CHANDRA JOSHI

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CERTIFICATE

I ,-$ %$ "#$,1/$ &n c$%&.&n' %,% M6 NAVEEN CHANDRA JOSHI &1 , 5n,.&4$ 1%/4$n% .

MBA IIn4 S$!$1%$ . %$ M,1%$’1 D$'$$ &n B/1&n$11 A4!&n&1%,%&n (B,%c0089:0). In1%&%/%$

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H$;S$ ,1 c!"#$%$4 &1 "*$c% $n%&%#$#$4 OVERALL ANALYSIS OF VARIOUS

MUTUAL FUNDS, DEMAT ACCOUNT, AND LIFE INSURANCE POLICY OF

RELIANCE MONEY /n4$ ! '/&4,nc$6

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COMPANY CERTIFICATE

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E<e-$"=e -mma)&

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A1 RELIANCE &1 4&n' 1"#$n4&4# $## &n %$ 1$c% . MUTUAL FUNDS+ DMAT

ACCOUNT+ LIFE INSURANCE 5/% 1%,&n' c!"$%&%&-$ &n %4,’1 4n,!&c 5/1&n$11

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  FUNDS+ DMAT ACCOUNT+ LIFE INSURANCE6 

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Ta!'e +6 C+*$e*$

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TABLE OF FIGURES

S)7 N+7  De$a"' Pa(e N+7 

: F&'/$ :(,) 77

F&'/$ :(5) 78

3 F&'/$ :(c) 78

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 INTRODUCTION 

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ABOUT THE INDUSTRY

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%$ 1,#$1 .c$ . %$1$ ,11c&,%$1 ,n4 ,#1 '/&4$1 %$! &n c,&n' /% %$ 4,&# 5/1&n$11

,c%&-&%&$16

Rem"a):

T$ ,$ 4&$c% ,'$n%1 . R$#&,nc$ !n$ 1$ &1 %%,## 5,1$4 n c!!&11&n6

T$& &1 ,#1 #&$ , 5/1&n$11 ,11c&,%$1 &6$6 1$##&n' ,## %$ .&n,nc&,# "4/c%1 5/% &%

%$ n# 4&..$$nc$ %,% %$ ,$ n% ,/%&$4 % "/% , %,4$ n %$ 5$,#. . %$ c/1%!$6

A.%$ %$ B6D6E’1 ,n4 %$ 5/1&n$11 ,11c&,%$1 %$ $!&1,1 ,$ n$ . %$ !,* 5/1&n$11

'$n$,%&n' 1/c$1 . %$ c!",n ,n4 ,$ $,## -$ $#"./# &n '$n$,%&n' %$ 5/1&n$11

,n4 4$-$#"&n' , !,* c#&$n% 5,1$6

Team 'ea#e):

A% R$#&,nc$ !n$ , 1$",,%$ %$,! #$,4$ ,1 5$$n ,""&n%$4 . %$ R$#&,nc$ #&.$

&n1/,nc$ 1$c%&n %,% &1 $1"n1&5#$ . 4$-$#"&n' ,n4 $2",n4&n' %$ #&.$ &n1/,nc$

 5/1&n$11 /n4$ %$ 5,nn$ . R$#&,nc$ !n$6 T$ . %$ %$,! #$,4$ &1 % # ,.%$

%$ PFC’1 &n' /n4$ &!;$ ,n4 ,11&1%&n' %$! &n 4$,#&n' &% %$ c#&$n%1 ,n4

$c%&.&n' %$ -,&/1 =/$&$1 ,1$4 5 %$ c/1%!$16

PFC

A PFC &1 #&$ , BDE 5/% &% %$ 4&..$$nc$ %,% %$ ,$ ,""&n%$4 % 1$## %$ #&.$

&n1/,nc$ "#&c&$1 n#6 A PFC &1 $=/&$4 % $"% n , 4,&# 5,1&1 % %$ %$,! #$,4$ ,n4

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,c&$-$ %$ $=/&$4 %,'$% ,1 1"$c&.&$46 T$ ,$ ,#1 $2"$c%$4 % ,n4#$ %$ c#&$n% =/$&$1

,n4 4$,# &% %$!6

C-$+me) S-..+)$ E<e-$"=e:

T$ . , c/1%!$ 1/""% $2$c/%&-$ &1 ,1 &!"%,n% ,1 %,% . , c$n%$ !,n,'$6 A

c/1%!$ 1/""% $2$c/%&-$ &1 $1"n1&5#$ . $'&1%$&n' %$ Acc/n%1+ M/%/,# ./n4+ L&.$

&n1/,nc$ "#&c&$1 ,n4 ,## %$ %$ .&n,nc&,# "4/c%1 5/'% 5 %$ BDE’1+ B/1&n$11

,11c&,%$1+ R$!&1,1 PFC’1 n %$ MISS . R$#&,nc$ Mn$ 1 ,1 % $$" , 4,&# $c4

. %$ 5/1&n$11 5$&n' '$n$,%$4 5 R$#&,nc$ Mn$6

Se*"+) F"*a*e E<e-$"=e:

T$ *5 . 1$n& .&n,nc$ $2$c/%&-$ &1 % # ,.%$ %$ ",!$n% . 5$,'$ % 4&..$$n%

$!&1,1+ 5/1&n$11 ,11c&,%$1+ ,n4 1,#,&$1 . %$ B6D6E’1 ,n4 %$ %$ $!"#$$1 .

R$#&,nc$ Mn$6

T/e 6+''+%"*( #"a()am ("=e a !)"e6 "#ea a!+-$ $/e %+)>"*( a$ Re'"a*e M+*e&

M+)a#a!a#

27

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28

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S5OT ANALYSIS

S5OT ANALYSIS OF RELIANCE MONEY:0

STRENGTHS

o C+$0e66e$"=e: P, , .#,% .$$ . */1% R16 00;9 -,#&4 . !n%1 1"$c&.&$4 %,n1,c%&n,#

-,#/$6

o C+*=e*"e*e: G n#&n$+ %/' / 5$;,'$n%+ C,## < T,4$ &16

29

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o "* 4 "*$e()a$e# ae> R$#&,nc$ Mn$ ..$1 &n%$',%$4 ,cc$11 % / 5,n&n'+ %,4&n'

,n4 4$!,% ,cc/n%6 / c,n n %,n1,c% &%/% %$ ,11#$ . &%&n' c$=/$16

o Se-)"$&: Dn,!&c ",114 9 $$"1 %$ ,cc/n% $2%, 1$c/$

o 5"#e$ .)+#-$ )a*(e:  E=/&%+ C!!4&%&$1+ D$&-,%&-$1+ M/%/,# F/n41+ IPO’1+

In1/,nc$+ O..1$ In-$1%!$n% < C$4&% c,4

o O$/e) =a'-e0a##: L&-$ n$1 .! D Jn$1+ $1$,c+ $2"$% -&$1+ $%c ,-,&#,5#$ .$$

,n4 &n $,# %&!$

5EAKNESS

o S# cnn$c%&-&%6

o L$11 n/!5$ . 5,nc$1 &n In4&,

o D n% ,-$ ,cc$11 n R$'&n,# E2c,n'$16

o C!"$%&%&n .! 5,n1

o  N &n%$$1% n c,1 !,'&n6

o L$11 !,'&n n &n%,4, %,n1,c%&n16

OPPORTUNITIES

A#$,4 ,-&n' , '4 !,$% ,cc$11 %/' 4&..$$n% "4/c%16

M,$% 1,$ . c!",n &1 &nc$,1$ ,"&4#6

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R$#&,nc$ S$c/&%&$1 L%4 &1 n% 1 #n'$ &n %$ .&n,nc&,# 1$c/&%&$1 ,$, 5/% ,% "$1$n% &% ,1 , -$

'4 $1"n1$ . &n-$1%16 S&nc$ R$#&,nc$ Mn$ &1 c!&n' &% &%1 n Ba*> ,n4 S$+>

E</a*(e+ ,n4 &1 ,#1 "#,nn&n' % %&$ /" &% %$ 5,n1 %$ "1"$c%1 ,$ -$ '46

THREATS:

Ne% C+m.e$"$+)

A #% . n$ c!"$%&%1 ,$ %&n' % $n%$ %$ !,$% &n %&1 5/##&1 /n % %,1%$ %$ .#,- . %&1

c$6 T&1 &1 c$,%&n' , #% . c!"$%&%&n . #,'$ "#,$1 #&$ R$#&,nc$ Mn$ ,n4 &% &1 c$,%&n'

#&%%#$ cn./1&n &n %$ !&n41 . %$ c/1%!$1 ,5/% %$ 1$-&c$1 "-&4$4 5 %$ 5$6 A#1 !,n 5,n&n' .&!1 ,$ $n%$&n' &n% %$ !,$% &% /'$ &n-$1%!$n%6 C!"$%&%1 #&$ ICICI+ %,+

HDFC+ 9",&1, $%c6 ,$ "1&n' , #% . %$,%1 % %$ c!",n6

O%$ %$,%1 ,$>

S-! !)+>e), S-..'"e), Dea'e) 

Re'"a*e M+*e& -))e*$'& #ea' "* $/e 6+''+%"*( 6"*a*"a' .)+#-$:0

  S"*('e %"*#+% 6+) m-'$".'e .)+#-$:

31

Equity

Equity & Commodity Derivatives

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ABOUT THE PRODUCT

DEMAT ACCOUNT

A1 &n , 5,n+ $ $$" / !n$ &n , 1,-&n'1 ,cc/n%+ 1&!&#,# 4$!,% ,cc/n% &1 ,n ,cc/n%

$$ 1,$1 ,$ $"% &n $#$c%n&c .!6 F$ $,1 5,c 1,$1 $$ 5/'% ,n4 1#4 &n "1&c,#

.! &c /1$4 % #$,4 % /'$ ,!/n% . 5,4 4$#&-$&$16 S &n 4$ % "$-$n% 1/c #11$1+ SEBI

(S$c/&%&$1 E2c,n'$ B,4 . In4&,) !,4$ % 4$!,%$&,#&$ %$ 1,$16

B,1&c,## % 5/ 1$## 1,$1 n$ $=/&$1 3 ,cc/n%1>

32

Mutual Funds

Offshore Investments

IPOs

Life & General Insurance

Money !ransfer 

Credit Card

Gold

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 S,-&n' ,cc/n%> T&1 ,cc/n% &1 5,1&c,## $=/&$4 % %,n1.$ ./n41 % 5/ 1,$16

T,4&n' ,cc/n%> T&1 ,cc/n% &1 $$ ./n41 '$% %,n1.$$4 .! 1,-&n' ,cc/n% % 5/ 1,$16

D$!,% ,cc/n%> T$ ,cc/n% $$ 5/'% 1,$1 ,$ $"% &n $#$c%n&c .! % "$-$n% "1&c,#

#11$16

DOCUMENTATION REQUIRED TO OPEN A DEMAT ACCOUNT

:6 T$ .&1% ,n4 %$ .$!1% %&n' $=/&$4 &1 PAN CARD+ %,% &1 %$ "$1n ,n%1 % "$n ,

4$!,% ,cc/n% 1/#4 5$ $'&1%$$4 /n4$ Inc!$ T,2 4$",%!$n%6

6 An ,44$11 ". 

36 An &4$n%&% ". 

6 P%',"1

ANALYSIS OF DEMAT ACCOUNT OF RELIANCE MONEY

T$ .$,%/$1 ..$$4 5 %$ c!",n &n &%’1 4$!,% ,$ $n%&$# 5,1$4 n &nn-,%&-$ &4$,16 I.

c!",$ %$ .$,%/$1 . R$#&,nc$ Mn$’1 4$!,% ,cc/n% &% %,% . %$ &n4/1% "#,$1 $

&## .&n4 &% !$ c/1%!$ .&$n4# ,n4 5$n$.&c&,#6

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 S %$ ,5-$ %,5#$ c#$,# 11 %$ /n&%16 P$ ,n4 . R$#&,nc$ Mn$ &n &%1 DMAT ,cc/n% ,1

c!",$4 % %,% . c!"$%&%16 V,#/$ ,44$4 1$-&c$1 "-&4$4 5 R$#&,nc$ Mn$ ,$ %/#

'$,%6

H+% Re'"a*e M+*e& #ea' %"$/ e?-"$& $)a#"*( a*# $/e e)="e .)+="#e# $+ $/e

-$+me):0

R$#&,nc$ Mn$ L%4 "-&4$1 5$1% 1$-&c$1 % &%1 c/1%!$1 . $=/&% %,4&n' &n c!",&1n %

%$ F&n,nc&,# S$c/&%&$1 C!",n&$16

34

FEATURES RELIANCE MONE OTHERS

:6B$,'$ F#,% F$$1 > : P,&1, B$,'$ ,n'&n' .! 06 "$

c$n% % 068 "$ c$n%6S$c/&% S"$c&,# 1$c/&% %$n 1$

 ",114 c,n'$1 ,.%$ $-$ 3

1$cn41

 N 1/c .,c&#&%

36 S$-&c$ %,2 N&# 4/$ : ",&1, 5$,'$

(:63 . : ",&1, 0 ,""2)

:63 . 5$,'$

 

6Ann/,#

!,&n%$n,nc$

c,'$

R16 0 R,n'&n' .! R1600 % R160

6Acc/n%

"$n&n'

c,'$1

R16 70(1$#. $!"#$4) ,n4 R16 00

($!"#$4)

R16 00 % R16 :0

6 R$c,'$

c/"n .,c&#&%

C/"n1 % R16 00+ R16:000+

R16 000 R16 :0000 ,n4 R1600

 N 1/c .,c&#&%

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T$1$ 1$-&c$1 ,$ ,1 .##19

O*'"*e $)a#"*( 6a"'"$"e %"$/ I*$)a T)a#e7

In1%, T,4$ %$!&n,# &1 *,-, 5,1$4 1.%,$6 C#&$n% c,n $,1&# 4n#,4 %$ %$!&n,# %/'

R$#&,nc$ Mn$ $5 1&%$6 N $2%, c,'$1 ,$ %,$n . %$ /1$ . %&1 %$!&n,#6 T/' %&1

%$!&n,#;1.%,$ / $2$c/%$ / 4$ &%&n 1$cn416 In %&1 %$!&n,# $ '$% 5% NSE <

BSE On9#&n$ ,% 1,!$ %&!$6 An4 %$ c#&$n%1 c,n 4 %,4&n' &n 5% NSE < BSE ,% %$ 1,!$ %&!$6

I*#"="#-a' C'"e*$:

D$!,% A;c "$n&n' c,'$1> R1 70;9 (Ann/,# !,&n%$n,nc$ C,'$1 R1 0;9)

T,4&n' A;c+ c!!4&%&$1 A;c+ F$2 A;c .$$ . #&.$ %&!$

T,4&n' %/' ..#&n$ $51&%$6 (6$#&,nc$!n$6c!)

 NSE < BSE 5% ,$ n#&n$6

L&-$ ,""#$% . ,%c&n' "&c$1 < %,4&n' "/"1$16

B)+>e)a(e: 0 

R$#&,nc$ Mn$ 1 n %$ "$9",&4 c,41 11%$! &n1%$,4 . ,n c,1 5$,'$ ,n4 1$-&c$ %,2

,1 &##/1%,%$4 %,5#$ 11>9

35

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O$/e) 6ea$-)e0

F %$ ./n4 %,n1.$ ,n4 &%4,+ $ ,-$ %&$ /" &% ./ 5,n1 HDFC B,n+ IDBI

B,n+ ICICI B,n ,n4 AKIS B,n6 I. / ,$ ,-&n' 5,n ,cc/n% &n n$ . %$!+ / c,n

%,n1.$ %$ ./n41 ,n4 &%4, %$ ./n41 n#&n$ 1,!$ 4,6

S$%%#$!$n% . %,4$1 .##1 T %,n1,c%&n cc#$6

F$$4! .! ","$+ %,4&n' .,c&#&%&$1 &1 c!"#$%$# n#&n$6

SMS ,#$%1 n / !5&#$ "n$16

36

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A",% . %,% $ ,-$ / 4$4&c,%$4 %$,! % # ,.%$ / P%.#&+ M/%/,# F/n41+ ,n4

C!!4&%&$16

D+-me*$ P/+$++."e Re?-")e#:0

(A) T$$ c#/$4 P%',"1 (1$#. 1&'n$4)6

(B) F &4$n%&.&c,%&n P.9 V%$ ID C,4; D&-&n' L&c$n1$; P,11"%;

PAN C,4 (C!"/#1) ,n n$6

(C) F $1&4$n%&,# ".>9 B,n 1%,%$!$n%; V%$ ID C,4; R,%&n C,4;

D&-&n' L&c$n1$; P,11"%; T$#$"n$ E#$c%&c&% B&## 1%,%$!$n%

(,n n$)

(D) On$ c,nc$##$4 c$=/$ #$,. (F MICR N6 $c4)

(E) L,%$ B,n S%,%$!$n%; Fn% ",'$ . ",115 (S&n' N,!$+

A44$11+ A;c N6)

(F)/ c,n ,#1 4$"1&% %$ &n&%&,# !,'&n !n$ ,% %$ %&!$ . "$n&n' .

,cc/n%6

37

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MUTUAL FUNDS

MUTUAL FUNDS

38

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MUTUAL FUND INDUSTRY PREVIE5

T$ !/%/,# ./n4 &n4/1% &1 %$ "$,"1 %$ 1!,##$1% 1$'!$n% . %$ .&n,nc$ 5/1&n$11 1$'!$n% &n

In4&,6 I% &1 c!",,%&-$# , -$ /n' &n4/1% $n c!",$4 % %$ %$ 1$'!$n%16 T$ !/%/,#

./n4 &1 1%/c%/$4 ,/n4 , -$ 1&!"#$ cnc$"%+ %$ !&%&',%&n . &1 %/' %$ 1"$,4&n' .

&n-$1%!$n%1 ,c11 !/#%&"#$ $n%&%&$1+ &c &1 ,c&$-$4 5 %$ "#&n' . , n/!5$ . 1!,##

&n-$1%!$n%1 &n% , #,'$ 5/c$%6

 FEATURES OF MUTUAL FUNDS

T$ $11$n%&,# .$,%/$1 . %$ !/%/,# ./n41 4&1%&n'/&1&n' .! %$ /%$1 . &n-$1%!$n%1 ,$>9

T$ !/%/,# ./n4 &1 , %/1% &n% &c !,n $#,%&-$# 1!,## &n-$1%1 &n-$1% %$& !n$ %

.! , #,'$ "# . c,1 &c &1 %$n &n-$1%$4 &n 1$c/&%&$1 5 %$ !,n,'$ . %$ %/1%6

T$ "&c$ ,% &c /n&%1 c,n 5$ 5/'% ,n4 1#4 &1 '-$n$4 1#$# 5 %$ -,#/$ . %$

/n4$#&n' 1$c/&%&$1 $#4 5 %$ !/%/,# ./n4 ,n4 4$,#&n'1 &n /n&%1 ,$ n %$ 5,1&1 . %$ n$%

!,$% -,#/$ . %$ &n-$1%!$n% "$ /n&%6

T$ !,n,'$1 . %$ !/%/,# ./n41 ,$ 5#&'$4 % $4$$! ,n /n&%1 &n &11/$ n 4$!,n4 n

c$%,&n 1"$c&.&$4 "$&46

A## 4&-&4$n4 &nc!$ %,% %$ !/%/,# ./n4 $c$&-$1 n &%1 &n-$1%!$n%1 &1 ",&4 /% % /n&% #4$16

MUTUAL FUND CYCLE

39

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@&#$ %$ In4&,n !/%/,# ./n4 &n4/1% ,1 'n &n 1&$ .! M,c+ :3 (R1 70 5&##&n) %

D$c$!5$+ 00 (R1 : 5&##&n) &n %$!1 . AUM+ %$ AUM . %$ 1$c% $2c#/4&n' AKIS ,1

'n -$ 8 %&!$1 .! R16: 5&##&n &n M,c : % R16:738 5&##&n ,1 ,% D$c$!5$ 006

In4&,n !/%/,# ./n41 (MF1) ,-$ $,4$4 %$& &n-$1%1 5$%%$ %,n ,n %$ ./n41 &n #46

Acc4&n' % , $"%3+ , #$,4&n' !,$% $1$,c ,'$nc+ In4&,n ./n41 ,-$ ',55$4 $&'% . %$

%" :0 ,n1 -$ , :0$, "$&46 I. n$ %,$1 %$ #,1% .&-$ $,1+ %$ ,cc/n% . 1$-$n . %$ %"

:0 ,n4 -$ , 3$, "$&4+ 1&2 . %$ :0 5$1% "$.!&n' !/%/,# ./n41 ,$ .! In4&,6

A1 . %4, %$ 1&$ . %$ ,11$% /n4$ !,n,'$!$n% (AUM) &n In4&, &1 8 5&##&n ,',&n1% %$

c/n%1 GDP . 780 5&##&n6 In 1!$ 4$-$#"$4 $cn!&$1 AUM 1&$ &1 c#1$ % %$ GDP

.&'/$6 T&1 c#$,# 11 %$ ./%$ 1c"$ . '%6 I. / %,$ %$ #,1% ./ $, "$&4

(J,n/, 009008) %$ AUM . %$ !/%/,# ./n4 &n4/1% ,1 &1$n 1/51%,n%&,## ,5/% 776

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T$ MF 1$c% ,1 3 ,c%&-$ "#,$1 ,n4 %$ ,-$ !""$4 /" n$,# 8 5&##&n %/' $=/&%

!/%/,# ./n4 1c$!$16 An4 %$ ,$ $2"$c%$4 % ./%$ ' % :09: 5&##&n6 A/n4 n$

$=/&% 1c$!$1 $$ #,/nc$4 &n 008 ,n4 ',n$$4 ,/n4 76 5&##&n6 N$ c,%$'&$1 . ./n41+

#&$ c,"&%,# "%$c%&n &$n%$4 ./n41 ,n4 $=/&% 4$&-,%&-$ ./n41 $$ #,/nc$46

GRO5TH IN ASSETS UNDER MANAGEMENT

A#=a*$a(e +6 m-$-a' 6-*#

41

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I. n$ 4$1 n% ,-$ %$ %&!$+ %$ &nc#&n,%&n %$ $2"$%&1$ % !,$ ,n4 !,n,'$ &n-$1%!$n%1 &n

%$ c!"#$2 $=/&% %$ 4$5% !,$% 4&$c%#+ 1/#4 cn1&4$ &n-$1%&n' &n !/%/,# ./n41 ,n4 $,"

%$ 5$n$.&%1 . $1$,c ,n4 , &4$ ,n'$ . # c1% &n.!,%&n 1$-&c$16 A &19,-$1$ &n-$1%

c,n $2"$c% ,5-$ %$ !,$% $%/n1 ,% , #$ c1% ,n4 #$ &16 T$ !,* a#=a*$a(e .

&n-$1%&n' &n !/%/,# ./n41 ,$>

A7  P)+6e"+*a' Ma*a(eme*$0

M/%/,# ./n41 ,$ !,n,'$4 5 &'# 1&##$4 !,n,'$1 &% 1/n4 n#$4'$ . %$ !,$%

,n4 &4$ $2"$&$nc$ &n &n-$1%!$n%6

B7 A66+)#a!"'"$& 8'+% "*"$"a' "*=e$me*$90

  M/%/,# ./n4 &n-$1%!$n%1 ,$ /1/,## -$ #6 F $'> In F,n#&n T$!"#$%n 1c$!$1 /

c,n &n-$1% !&n&!/! R16000 (n$ %&!$ &n-$1%!$n%) %$ S1%$!,%&c In-$1%!$n% P#,n .

R1600 $-$ !n%6

C7 P+)$6+'"+ D"=e)"6"a$"+* a*# Re#-$"+* "* R">0

In4&-&4/,# &n-$1%1 ,-$ % .,c$ c!",n9$#,%$4 &11 ,n4 !,$%9$#,%$4 &116 T$1$ &11

c,n 5$ $4/c$4 %/' 4&-$1&.&c,%&n . "%.#&16 @$n ,n &n-$1% &n-$1%1 &n !/%/,# ./n4

&1 "%.#& ,/%!,%&c,## '$%1 4&-$1&.&$4 ,n4 %$ &1 %#$,nc$ c,",c&% . , !/%/,# ./n4 &1

!/c &'$6

D7  C+*=e*"e*$ Re+)#0>ee."*(9 

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36 On !,%/&% $c$&-$ ,cc/!/#,%$4 5n/1$1 ,#n' &% .&n,# #/!" 1/! ",/%6

6 M$ -,#/$ . / !n$ 5 , . &' 1/! ,11/$4 $5,%$6

6 F/## 1/! ,11/$4 "#/1 5n/1$1 &n c,1$ . / /n.%/n,%$ 4$,%6 T&1 &1 -$ ,n4

,5-$ %$ 1/-&-,# 5$n$.&%1 ,#$,4 ",&46

RELIANCE CHILD PLAN>RELIANCE CHILD PLAN>

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A1 , ",$n%+ &% &1 n# n,%/,# % 4$,! . , 1!% ,n4 5#&11./# #&.$ . / c&#46 @&c &1

$2,c%# / n$$4 % 1$c/$ / c&#4 %!+ %4,

R$#&,nc$ c&#4 "#,n $#"1 / 1,-$ 11%$!,%&c,## 1 %,% / c,n '&-$ / c&#4 !/c9 n$$4$4

.&n,nc&,# 1$c/&% &n %$ ./%/$6 S&!"# "/%+ R$#&,nc$ c&#4 "#,n '&-$1 / %$ .$$4! % $n*

$-$ !!$n% &% / c&#4 %4,+ &%/% &n' ,5/% &1;$ %!6

E FEATURESE FEATURES>

:6 R&1 "%$c%&n . / 4/&n' %$ %$! . %$

  P#&c6

6 Acc/!/#,%$4 5n/1 ,% %$ $n4 . %$ "#&c %$!6

36 . 1/! ,11/$4 ",,5#$ $-$ $, 1/! 5$n$.&% 4/&n' %$ #,1% ./ "#&c

,nn&-$1,&$16

6 A## ./%/$ "$!&/!1 ,$ ,&-$4 &n %$ $-$n% . /n.%/n,%$ #11 . #&.$6

6 G/,,n%$$4 .&2$4 5$n$.&%1 cn%&n/$ $-$n ,.%$ #11 . #&.$ . %$ "#&c#4$6

6 M$ -,#/$ . / !n$ 5 , . &' 1/! A11/$4 R$5,%$6

STRATEGIES

T '$% 1/cc$11./# &n ,n %,1 n$ 1/#4 ,#,1 4$-&c$ c$%,&n 1%,%$'&$1 5$.$ 1%,%&n'6 F##&n'

%$1$ 1%,%$'&$1 ,n4 &n' &n , 11%$!,%&c !,nn$ n% n# '&-$1 '4 $1/#%1 5/% ,#1 $,# %,1

.&n&1&n'6

STRATEGIES AT PERSONAL LEVEL

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T ,c&$-$ ! %,'$%1 I ,#1 4$-&1$4 c$%,&n 1%,%$'&$1 &c $$ $,## -$ $#"./# % !$6 T$

,$ ,1 .##1>

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4$!,% ,cc/n%+ M/%/,# ./n41 ,n4 L&.$ In1/,nc$ . R$#&,nc$ Mn$6 S I ,4 "$ ,n4 n#$4'$

. %$ "4/c% ,n4 "&%c&n' %$ "4/c% &n %$ !,$% 5$c,!$ $,1&$6

6 I ,#1 % 4,%, 5,1$ . $1&4$n%1 . M,4,5,4 (!,&n# CA1) .! n$ . ! 1$n&16 T,% 4,%,

 5,1$ ',-$ !$ !1% . ! #$,416

6 T$ n$2% %&n' I 4&4 ,1+ I 1%,%$4 1%,n4&n' n$, %$ ATM1 ,n4 4&1%&5/%$4 5c/$1 . R$#&,nc$

Mn$ &% ! "n$ n/!5$6

6 P$",$4 , c,% . n$ $, ,n4 c$1"n4&n' &n-$1%!$n% ,n4 %$ 5$n$.&% ,n4 1$4 &% % %$

c/1%!$ ,#n' &% -$5,# $2"#,n,%&n6

6 T 1$## 11%$!,%&c &n-$1%!$n% "#,n I 4&4 c11 1$##&n' ,c11 1,!$ c/1%!$ 5,1$6

STRATEGIES AT CORPORATE LEVEL

:6 O"$n&n' . DMAT ,cc/n% &% c,nc$# c$=/$ . n$ !n%6

6 I11/,nc$ . ,""$c&,%&n #$%%$ n "$n&n' :00 ,cc/n%1 ,1 , %$,! &n n$ 4,6

36 C$%&.&c,%$ . HALL OF FAME ,n4 , ,## c#c n 4&n' :00 S1%$!,%&c

In-$1%!$n% P#,n &n R$#&,nc$ M/%/,# F/n4 ,1 , %$,!6

6 R$&!5/1$!$n% . !-&$ %&c$%16

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6 On 1$##&n' S1%$!,%&c In-$1%!$n% P#,n . B&#, S/n #&.$ + c$%&.&c,%$ . ,""$c&,%&n /#4

 5$ '&-$n 5 B&#, S/n #&.$6

MARKET SHARE OF VARIOUS PLAYERS OPERATING IN LIFE

INSURANCE INDUSTRY

S&nc$ %$ ,4-$n% . %$ "&-,%$ "#,$1 &n %$ !,$% %$ &n4/1% ,1 1$$n n$ ,n4

&nn-,%&-$ 1%$"1 %,$n 5 %$ "#,$1 &n %&1 1$c%6 T$ n$ "#,$1 ,-$ &!"-$4 %$ 1$-&c$

=/,#&% . %$ &n1/,nc$6 A1 , $1/#% LIC 4n %$ $,1 ,-$ 1$$n %$ 4$c#&n&n' ",1$ &n &%1 c,$$6

T$ #&.$ &n1/,nc$ &n4/1% ,1 $c4$4 , '% . :06: &n "$!&/! c##$c%&n . %$ "$&4

. A"&# 0 % F$5/, 07 -$ c$1"n4&n' "$&4 &n %$ "$-&/1 $,6 T$ !,$% 1,$ ,1

4&1%&5/%$4 ,!n' %$ "&-,%$ "#,$16

 NAME OF THE

COMPAN

TOTAL PREMIUM

COLLECTED

UPTO F$5/,

007(In C$1)

MARET SHARE

(IN )

RANING

:6BAJAJ ALLIAN 76: 6:7 34 

6ING VSA 3688 06038 :% 

3 RELIANCE LIFE 06 :603 % 

SBI LIFE :7::6 6 % 

TATA AIG 6: 063 :0% 

HDFC

STANDARD

:86: 60 % 

7 ICICI

PRUDENTIAL

068 760 n4 

8 BIRLA SUNLIFE :63 :6: 7% 

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AVIVA 868 :6000 8% 

:0 OTA

MAHINDRA OLDMUTUAL

36 0677 ::%

:: MAK

 NE@OR 

7:68 :6 % 

: MET LIFE 3683 0603 :3% 

:3 SAHARA LIFE 67 0603 :% 

: SHRIRAM LIFE :63 06: :% 

: BHARTI AKA 68 060077 :% 

: LIC 3736 760 :S%

TOTAL ;373 :00 99999999

 

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Life Insuance in In!ia

Pvt Players

LIC

Pvt Players LIC

TOTAL MARET SIE> ;373 C)+)e

F! %$ ,5-$ "&$ c,% ,n4 %,5#$ $ c,n cnc#/4$ %,% 1%&## LIC &1 %$ !,$% #$,4$ &n

&n1/,nc$ &n4/1% ,1 &% ,1 , !,$% 1,$ . ,#!1% ;; &n #&.$ &n1/,nc$ &n4/1% c!",$4 %

 "&-,%$ "#,$1 &c ,-$ n# 3 . %$ %%,# !,$% 1,$ (/" % M,c 007)+ LIC c/$n%#

,1 , "$!&/! c##$c%&n . ;7 C)+)e c!",$4 % 47 C)+)e . "&-,%$ "#,$1 5/%

%$ "&n% $$ &c &1 % 5$ n%$4 $$ &1 %,% -$ , "$&4 . %&!$ %$ !,$% 1,$ . LIC ,1

4$c#&n$4 ,n4 !,$% 1,$ . "&-,%$ "#,$1 ,-$ &nc$,1$4 &% c,n ./%$ 5$ c#$,$4 .! %$ %,5#$

'&-$n 5$#>

 

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F&n,nc&,# $, 00903 00390 0090 009007 (U"

% M,c)

LIC 8633 7:6 7

PRIVATE

PLAERS

8 :767 8638

GRO5TH TREND IN LIFE INSURANCE INDUSTRY

FINANCIAL

YEAR 

122028IN R9 122028IN R9 122028IN R9

8UPTO

FEBRUARY1229

TOTAL FIRST

EAR PREMIUM

(&n L,1)

:836

L,1

38767

L,1

83067

L,1

F! %$ ,5-$ %,5#$ $ c,n 1$$ %,% %$$ &1 , %$!$n4/1 '% &n &n1/,nc$ 5/1&n$11

.! $, 00390 % 0090 &n $, 00390 %$ %%,# "$!&/! c##$c%$4 &1 R1 :836 #,1$$,1 &% &1 83067 &n %$ $, 0090 1 %$$ &1 ,n &nc$,1$ &n "$!&/! c##$c%$4 5

7::678 #,1 &6$6 '% &n "$!&/! c##$c%$4 &1 067 &c 11 %,% &n1/,nc$ &n4/1%

&n In4&, ,1 'n %$!$n4/1# &n In4&, 5/% 1%&## %$$ #&$1 ""%/n&%&$1 ,n4 c,##$n'$1 &n

&n1/,nc$ 1$c% %$ ,$ ,1 .##1

 

OPPORTUNITIES:

47 T$ !,* ""%/n&% . &n1/,nc$ 5/1&n$11 &1 %,% 1%&## , #,'$ "%&n . ""/#,%&n &1

/n&n1/$4 ,n4 %1$ ,$ &n1/$4 ,$ /n4$ &n1/$4 1 %$$ &1 ,n ""%/n&% .

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&n1/,nc$ c!",n&$1 % &nc$,1$ %$$ $-$n/$1 5 &n1/&n' %$ /n%,""$4 "%&n . %$

 ""/#,%&n6

17 T$ 1,-&n'1 . "$"#$ c,n 5$ 4&-$%$4 .! 5,n&n' 1$c% % &n1/,nc$ 1$c% 5 ..$&n'

c/1%!$1 &'$ &n%$$1% ,%$1 %/' /n&%9#&n$4 "#,n16

7 T$$ &1 ,n ""%/n&% . "&-,%$ "#,$1 % &nc$,1$ %$& !,$% 1,$ 5 "-&4&n'

 5$%%$ "4/c%1 ,n4 1$-&c$1 %,n L6I6C6

CHALLENGES: 

T/e 6"=e ma"* /a''e*(e 6ae# !& "*-)a*e "*#-$)& a)e a 6+''+%

47 L+% a%a)e*e 'e=e':  #,'$ "%&n . %$ ""/#,%&n . In4&, &1 1%&## /n,,$ . %$

&n1/,nc$ ,1 , #$+ 1 &% &1 , !,* c,##$n'$ 5$.$ ,## %$ "#,$1 &n &n1/,nc$ &n4/1%

% !,$ %$ c/1%!$1 ,,$ ,5/% &n1/,nc$ ,n4 ,% ,$ %$& !,* "4/c%16

17 P)+#-$ "**+=a$"+*: C!",n&$1 1%&## .## %$ 1,!$ #4 %,4&%&n,# "#,n1 &% &c

%$ &n1/,nc$ &n4/1% 1%,%$46 T$$ &1 , -$ #&%%#$ c,n'$ &n %$ "4/c%1 ..$$46

Cn1/!$1 %4, 1$$ "4/c% %,% ..$ .#$2&5#$ "%&n1+ "4/c%1 &% 5$n$.&%1

/n5/n4#$4+ "4/c%1 c/1%!&$4 % 1/&% %$& 4&-$1$ n$$416 S &% &1 , c,##$n'$ .

&n1/,nc$ c!",n&$1 % "-&4$ 1/c &n4 . &n1/,nc$ "4/c%16

7 D"$)"!-$"+*: c/$n% 4&1%&5/%&n c,nn$#1 ,$ n% ,5#$ % 1$-$ %$ /,# ,$,1 . %$

c/n%+ 1 &n1/$1 n$$4 % $2"#$ ,#%$n,%&-$ c,nn$#1 . 4&1%&5/%&n . 5% /5,n ,n4

/,# ,$,6

7 C-$+me) e)="e:  T$ "$1$n% c!!/n&c,%&n ,n4 "!%&n1 ,5/% -,&/1

&n1/,nc$ "4/c%1 &n In4&, ,$ n# &n.!,%&-$6 S ,% n$$41 % 5$ 4n$ &1 % &n %$

$,%1 . %$ c/1%!$1 5 "-&4&n' %$! %$ $2%, ,% %$ c/1%!$1 ,n%1 &%/%

,1&n' . &6$6 &' #$-$# . c/1%!$ 1$-&c$6 T)-$ a*# +*6"#e*e: "$"#$ %$n4 % ,-$

!$ .,&% &n '-$n!$n%

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7 S$c% 4$,#&n' &% &n1/,nc$ $6'6 L6I6C+ P$"#$ .$$# !$ 1$c/$ ,n4 cn.&4$n% &n

&n-$1%&n' &n "#,n1 . L6I6C6 ,%$ %,n &n "&-,%$ "#,$16

A",% .! %$ ,5-$ c,##$n'$1 %$ !,* c,##$n'$ .,c$4 5 &n1/,nc$ 1$c% &1 %

&nc$,1$ %$ "$n$%,%&n ,%$ . &n1/,nc$ &c &1 -$ # &n In4&, &% &1 n# . GDP

,n4 1%&## 80 . %$ ""/#,%&n &1 n% &n1/$4 ,n4 %1$ ,$ &n1/$4 ,$ n% ./##

&n1/$46

ACHIEVEMENTS

On$ ,1 % '&-$ &1 :00 % ,c&$-$ 1!$%&n' %6 S%n' 4$%$!&n,%&n ,n4 5$#&$. &n

n$1$#. c,n !,$ ,n%&n' %,% &1 c,##$4 &!"11&5#$ "11&5#$6 A1 1%c !,$% ,1 1&n'

4,&# .#/c%/,%&n1+ &n 1/c , %/' 1c$n,& &% ,1 $,## %/' % 1$## 4$!,% ,cc/n%1 ,n4 SIP

&n !/%/,# ./n416 T$ cn%&n//1# 4$c$,1&n' &n4$2 . 1$n1$2 ,n4 n&.% !,4$ &% %/'$ . !$

% %,$ $-$n ,""&n%!$n%1 ,1 "$"#$ 4&4n’% $-$n ,n% % #&1%$n %$ n,!$ . 1,$ !,$% 5/%

&% ! 1%n' &## "$ I cn%&n/$4 !,&n' $..%1 ,n4 ,c&$-$4 ! %,'$%1 ,1 .##16

TARGETS GIVEN TARGETS ACHIEVED

  MUTUAL FUNDS(S1%$!,%&c

In-$1%!$n% P#,n)

 L&.$ In1/,nc$ P4/c%1

: MUTUAL FUNDS(S1%$!,%&c

In-$1%!$n% P#,n)

  : L&.$ In1/,nc$ P4/c%1

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RESEARCH

METHODOLOGY

P)+!'em 6+)m-'a$"+*

In %&1 &n1/,nc$ 1c$n,&+ %$$ "$-,&#1 , /'$ c!"$%&%&n 5$%$$n %$ "&-,%$ "#,$1 ,n4 "/5#&c

1$c% "#,$1 6A!n' %$ "&-,%$ 1$c% &%1$#. &' 4$'$$1 . c!"$%&%&n $2&1%16 In %&1

 "$1"$c%&-$ R$#&,nc$ L&.$ In1/,nc$ &1 '&-&n' 1%&.. c!"$%&%&n % LIC ,n4 ICICI "/4$n%&,#6 T$

 "$"#$ ,$ n% !/c ,,$ . R$#&,nc$ L&.$ In1/,nc$ c!",n ,1 c!",$ % LIC ,n4 ICICI

 "/4$n%&,#6 I. %$ "$"#$ ,$ n% ,,$ . R$#&,nc$ L&.$ In1/,nc$ c!",n %$n %$ c!",n &##

n% ,5#$ % !,$ , 5/1&n$11 &n %&1 c!"$%&%&-$ #46

Reea)/ O!e$"=e

• T c!",$ %$ 1c$!$ ,n4 "#&c&$1 . R$#&,nc$ L&.$ In1/,nc$ &% ICICI "/4$n%&,# ,n4

LIC6

• T .&n4 /% %$ c/1%!$ ,,$n$11 . R$#&,nc$ L&.$ In1/,nc$6

Reea)/ #e"(*

A R$1$,c 4$1&'n &1 , "/$# ,n4 1&!"# %$ .,!$ 5#/$"&n% %,% '/&4$ /1 % 1#-$ %$

 "5#$! ,n4 c!"#$%&n' %$ 1%/46 D$1c&"%&-$ $1$,c ,1 5$$n 5$ /1$4 &n %&1 $1$,c 5$c,/1$

, #,'$ n/!5$ . $1"n4$n%1 ,$ % 5$ 1%/4&$4 5,1$4 /"n %$ -,&/1 .,c%16 T&1 D$1c&"%&-$

$1$,c &1 ,4"%$4 % n %,% ,% &1 ,""$n&n' &n %$ !,$% &% $1"$c% % "4/c%1+

c/1%!$1 ,n4 %$& ,%%&%/4$6

S+-)e +6 #a$a

P&!, 4,%,

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S$cn4, 4,%,

P)"ma)& Da$a

P&!, 4,%, &1 , n$ ,n4 .$1 4,%,6 I% &1 c##$c%$4 . %$ .&1% %&!$6

Se+*#a)& Da$a

I ,! c##$c%&n' %$ 1$cn4, 4,%, .! %$ !,n/,#1 . c!",n+ &n%$n$% ,n4 "*$c%1 $"%16

S$cn4, 4,%, &1 ,#$,4 $2&1%16 I /1$ S$cn4, 4,%, % .&n4&n' n$ %&n'1 %,% $#" !$ &n !

$1$,c6

Da$a C+''e$"+* Me$/+#

P&!, 4,%, ,1 5$$n c##$c%$4 %/' %$ S/-$ %$cn&=/$ 5 cn4/c%&n' "$1n,# &n%$-&$6

T$ &n1%/!$n% /1$4 . 4,%, c##$c%&n &1 , 1%/c%/$4 =/$1%&nn,&$+ &c ,1 c#1$4 $n4$4

=/$1%&n16

Sam.'e $e/*"?-e

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% c1$ ! $1"n4$n% ,1 ,cc4&n' % ! cn-$n&$nc$6

Sam.'e S"e  :  3 R$1"n4$n%1

Sam.'e A)ea :  MORADABAD

DATA ANALYSIS AND INTERPRETATION

F"(-)e 48a9

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  A,$n$11 ,5/% R$#&,nc$ L&.$ In1/,nc$ c6

O/% . 3 $1"n4$n%1 &% 11 %,% 0 ,-$ 1,&4 $1 %,% %$ ,$ ,,$ ,5/% R$#&,nc$ L&.$

&n1/,nc$ c!",n+ 0 "$"#$ ,-$ 1,&4 N %,% %$ ,$ n% ,,$ ,5/% R$#&,nc$ L&.$

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F"(-)e 48!9

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76

"#$

%#$

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O/% . 3 $1"n4$n%1 &% 11 %,% :00 "$"#$ ,$ ,,$ . M/%/,# F/n41

  F"(-)e 489

  G&-&n' 5$%%$ 1$-&c$1

O/% . 3 $1"n4$n%1 &% 11 %,% 7 "$"#$ 1,1 %,% ICICI P/4$n%&,#W &1 '&-&n' 5$%%$

1$-&c$1+ 30 "$"#$ 1,1 %,% L&.$ &n1/,nc$ c",%&n &1 '&-&n' 5$%%$ 1$-&c$1 ,n4 3

 "$"#$ 1,1 %,% R$#&,nc$ L&.$ &n1/,nc$ &1 '&-&n' 5$%%$ 1$-&c$16

  F"(-)e 48#9

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##$

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Mutual Fun!s

+E,

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LIC

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Pei"! "f In$est%ent

.$

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3DMC0M

less than &yr 

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LEARNING AND EXPERIENCE

IN DAS %,&n&n' . S/!!$ In%$n1&" P',! &1 %/# , #$,n&n' ,n4 n#$4'$,5#$

$2"$&$nc$6 On$ .,c$1 !,n '4 ,n4 5,4 $2"$&$nc$1 &n 1/c , %,&n&n' "',! ,n4 #$,n1 , #%

%/' %$1$ $2"$&$nc$16 @$## I .,c$4 %$$ &n41 . $2"$&$nc$1+ .&1% &% c!",n+ 1$cn4

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%,&n&n' &c n% n# &nc$,1$4 ! "4/c% n#$4'$ 5/% ,#1 $#"$4 !$ % "&%c %$ "4/c% &n

, 5$%%$ ,6 A#1 &n c!",n I '% c,nc$ % !$$% $,41 . %$ 4$",%!$n%1 ,n4 '% c,nc$ %

&n%$,c% &% %$!6 T&1 $#"$4 !$ n ,5/% %$ c/#%/$+ c4$ . cn4/c% ,n4 -,&/1

%$ &n' 1%,%$'&$1 %$ ',n&,%&n6 M,n %&!$1 $n I ,1 /n,5#$ % ,c&$-$ ! %,'$%1+

%$ c!",n '/&4$ %#4 /1 % n / 1%,%$'&$16 T&1 $#"$4 !$ % n ! #" ,n4 "#$16

  E2"$&$nc$1 ,n4 #$,n&n'’1 &% %$ c#&$n%1> S!$%&!$1 I '% , c,nc$ % !$$% -$

n#$4'$,5#$ c#&$n%1 ,n4 #$,n n$ %&n'1 "$%,&n&n' % c,"&%,# !,$% ,n4 &%1 .#/c%/,%&n16 N%

n# %&1 1!$ c#&$n%1 ,1$4 !$ 1/c =/$1%&n1 . &c I ,4 % cn1/#% ! $,4 &c 1$$!$4

-$ $!5,,11&n'6 S 1/c c#&$n%1 ,#1 $#"$4 !$ &n #$,n&n' !$ ,5/% %$ !,$%6 T&1 %,&n&n'

,#1 %,/'% !$ %,% n$ 1/#4 ,#,1 5$ "$",$4 "$%,&n&n' % "4/c% n#$4'$ 5$.$ '&n'

% %$ c/1%!$6

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4 %$ ,n4#$ "5#$!1 &n 4, % 4, #&.$6 N% n# ,1 %&1+ $-$ $$ %" "$.!$

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c#,11 $#"$4 &n &nc$,1&n' $,1n&n' ,n4 ,"%&%/4$ 1&##16 N% n# %&1 ,1 %$ 5$1% ",% %$

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,n4 =/$1%&n ,n4#&n' 1&##16

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FINDING AND ANALYSIS

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In$est"(s Pefeence

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LIMITATIONS

 N%&n' &n %&1 #4 &1 ,-,&#,5#$ . .$$6 T$$ ,$ ,#,1 1!$ %$ %$ cn1%,&n%1 &c

4n’% #$% n$ ,c&$-$ %$ ',#16 T$1$ cn1%,&n%1 n% n# 5$c!$ 51%,c#$ &n %$ , % 1/cc$11

 5/% ,#1 4$c$,1$ %$ cn.&4$nc$ #$-$#6

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A1 $n ! 1/!!$ &n%$n1&" 1%,%$4+ I ,1 -$ $2c&%$4 ,5/% &%+ ,5/% %$ SIP C!",n+ !

%,'$%1 ,n4 ! &n' ,1 %&1 ,1 ! $n% % c",%$ #46

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c,##$n'$ . /1 % cn-&nc$ "$"#$ % $-$n %,# % /16 T$ 1,$ !,$% ,1 n% ,% ,## $1"n4&n'

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E<"$"*( F)a*/"ee:

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A1 . .,nc&1$$ I ,#1 ,4 % '&-$ %$ '4 % #$,41 ,n4 %$$ $$ ,#$,4 : .,nc&1$$ &n

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.,nc&1$$1 ,n4 %&1 &## ,..$c% %$& c/1%!$1 ,1 %$ .,nc&1$$ &## % % "/1/$ %$!6

T)a"*ee Pe).e$"=e:

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% ,n4#$ &% 5 cn-&nc&n' %$! %,% I /#4 #&n %$! &% %$ c!",n’1 .,nc&1$$1 ,n4 5$ &n

cn%,c% &% %$! $-$n ,.%$ ! %,&n&n'6

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M1% . %$ c#&$n%1 $$ ,1&n' . c!!&11&n $ $$ '$%%&n' ,n4 %,% $ /#4 '&-$ %$!6 S

&% ,1 -$ ,4 % cn-&nc$ %$! %,% n$&%$ $ $$ '$%%&n' ,n%&n' n $ c,n '&-$ %$! ,n

$5,%$6

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,cc/n%1 5/% %$ 4&4 n% ,-$ PAN c,416 S .&1%# I ,4 % %$& PAN c,416

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• SIP &1 %/# %,/'% !$ % !,n,'$ %&n'1 &n ",c%&c,# ,6

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. F&n,nc$+ S,#$1 < M,$%&n' 1 %,% $n I 1%$" &n% %$ c",%$ #4 I &## 5$ ,5#$ % ,""#

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RECOMMENDATIONS

B,1$4 n %$ !,$% 1%/4+ n$ c#&$n%1 ,n4 $2&1%&n' c#&$n%1 .##&n' $c!!$n4,%&n1 c,n 5$

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1/#4 5$ $4/c$4 1 %,% /1$1 ,$ &n%$$1%$4 &n "$n&n' %$ ,cc/n%6

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BIBLIOGRAPHY

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ANNEXURES

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