Summer Internship Report

onAwareness level of Mutual fund, Loans & LIC

For

Sai Deep

By

Parmar HarshilMMS 2014-2016

Rustomjee Business SchoolApril June 2015

AcknowledgementMy sincere gratitude to Dr. Hanif Kanjer, Dean, Rustomjee Business School, for providing me with an opportunity to do my internship at Sai deep For LIC, Mutual Fund, Cars and Housing Loan. I take this opportunity to express my profound gratitude and deep regards to Mr. Ajay H Solanki for allowing me to work with his team in his prestigious company.I thank Mr. Yugal Jain for her exemplary guidance, monitoring and constant encouragement throughout the course of this project. The help and guidance given from time to time shall carry me a long way.I also take this opportunity to express a deep sense of gratitude to Mr. Ajay Solanki, Mr. Praveen Thosniwal, and Ms. Gayatri for their cordial support, valuable information and guidance, which helped me in completing this task through various stages. I am obliged to all team members of The Sai deep their cooperation during the period of my assignment.Special thanks to all my professors, Mrs. Deepa Naik, Mr. Darshan Pagar, Mrs. Shipra Bhatia and the entire staff of Rustomjee Business School for their valuable inputs which helped to me to put to practice what I had learnt from throughout the past year.Finally, would like to thanks my parents and sister with their valuable supports, which helped me to complete this report.

Executive SummaryBusinesses often need to borrow money to finance business investment activities. Here are some of the types of loans a business might take out. A commercial loan is a debt-based funding arrangement that a business can set up with a financial institution. The proceeds of commercial loans may be used to fund large capital expenditures and/or operations that a business may otherwise be unable to afford. This type of loan is usually short-term in nature and is almost always backed with some sort of collateral. Commercial loans usually charge flexible rates of interest that are tied to the bank prime rate or else to the London Interbank Offered Rate (LIBOR).Life Insurance Corporation of India (LIC) is an Indian state-ownedinsurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of1560482 crore (US$250 billion).[2] As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year.[citation needed]The company was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance CorporationMutual fund: As you probably know, mutual funds have become extremely popular over the last 20 years. What was once just another obscure financial instrument is now a part of our daily lives. More than 80 million people, or one half of the households in America, invest in mutual funds. That means that, in the United States alone, trillions of dollars are invested in mutual funds. In fact, to many people, investing means buying mutual funds. After all, its common knowledge that investing in mutual funds is (or at least should be) better than simply letting your cash waste away in a savings account, but, for most people, that's where the understanding of funds ends.Most of the clients does not aware about the Mutual Fund Investment, The sai deep deals with the LIC and Loan, because of that the client aware about mutual fund. The Sai deep has good clients of loans and LIC that make aware of mutual funds. Now the client has aware about the mutual fund, aware about the market. So the investment is more in mutual fund.All the clients are aware about the Sai deep company. As clients He/She want that the company they are investing should be aware about that company. Here in Sai deep the clients aware about the company deal with LIC, Mutual Fund and Loans. Therefore the company has more than 150 clients.As a member of the company good to see that most of the clients are aware of Sai deep company and who is unaware there is marketing strategy to make them aware by Targeting, positioning, and segmenting. The client knows that Sai deep is well known for its service. The client is well aware about the cars Loans and housing loans. In Cars loan person require last two years of accounting statement, all the personal details, etc and In Housing loans Last three years of financial statement, any purchase of property or gold and all the personal detail of that person, etc.A mutual fund is a scheme in which several people invest their money for a common financial cause. The collected money invests in the capital market and the money, which they earned, is divided based on the number of units, which they hold. The advantages of mutual fund are professional management, diversification, and economies of scale, simplicity, and liquidity.

Experience Letter