2.1 INDUSTRY PROFILE:
ICICI Prudential Asset Management Company:
ICICI Prudential Asset Management Company is the second largest Asset Management Company in the country. ICICI Asset Management Company Limited mainly concentrates on bridging the space between savings and investments. ICICI Asset Management Company also creates a long term wealth through a range of simple and relevant investment solutions for investors.
Asset Management Company serves to portfolio management services for investors which have spread across the country. ICICI Asset Management Company is considered as a co enterprise between ICICI Bank and Prudential Plc. ICICI Bank is well known and trusted name in financial services in India.
Axis Asset Management Company:
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ICICI mutual fund is considered to be relatively less expensive way to make and monitor their investment.
By buying and selling large amount of securities at a time it helps to bring down average cost of unit for their investors.
It allows the investors to liquidate their holding as and when required.
The minimum investment through SIP is very small.
Purchase of Units including Systematic Investment Plan or other plan.
Redemption of Units including Systematic Withdrawal Plan or any other plan.
Switches including Systematic Transfer Plan, Dividend Transfer Plan, Triggers or any other
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Only institutions with substantial organizational strength, service capability in terms of computerization, and other infrastructure facilities are approved to act as custodians. The custodian must be totally de-linked from the AMC and must be registered with SEBI. Under the Securities and Exchange Board of India (Custodian of Securities) Guidelines, 1996, any person proposing to carry on the business as a custodian of securities must register with the SEBI and is required to fulfill specified eligibility criteria. Additionally, a custodian in which the sponsor or its associates holds 50% or more of the voting rights of the share capital of the custodian or where 50% or more of the directors of the custodian represent the interest of the sponsor or its associates cannot act as custodian for a mutual fund constituted by the same sponsor or any of its associate or subsidiary
BMO Capital Market. I would analyse the financial position of the company from investors’ point of view to make important decisions.
Talking specifically, executives of AssetOne could not make decision on critical things quickly since AssetOne was too formalized. Thus, AssetOne is too centralized. For example, acquired firm did not perform well after acquisition due to centralization. Previously, TaurusBank was giving investment fund division freedom to launch new products without approval of executive team, which was not found in AssetOne’s culture.
According to the Case Management Society of America, case management is "a collaborative process of assessment, planning, facilitation, care coordination, evaluation, and advocacy for options and services to meet an individual's and family's comprehensive health needs through communication and available resources to promote quality, cost effective outcomes" (Case Management Society of America [CMSA], 2010). As a method, case management has moved to the forefront of social work practice. The social work profession, along with other fields of study, recognizes the difficulty of locating and accessing comprehensive services to meet needs. Therefore, case managers work with these
they also chose to access the markets in 2000 in order to ensure access to funds at attractive pricing despite
(a) What are the agency costs of debt and outside equity as described in Jensen and Meckling (1976) and are they important in corporate finance?
Asset management (often used interchangeably with the term wealth management) involves the managing and investing of financial assets of large institutions like pension funds and corporations as well as high net-worth individuals. Goldman’s la...
Furthermore, Cocoaland Holdings Berhad has the total revenue of RM50,000,000 in 2015 and RM10,000,000 in 2016. It can be seen that decrease RM40,000,000 compare to this both years. Additionally, this company’s debt consists of 34,685,858 in 2015 and 38,057,668 in 2016. Moreover, it consists of total equity and debt-to-equity ratio inside their capital that is 202,680,654 and 0.17 in 2015 and 2015239,503,310 and 0.16 in 2016. It can conclude that total equity increased and the debt-to-equity ratio was decreased compare to 2015 to
Among other reasons existing of the acquisition of Merrill Lynch, we have come about four key reasons and rationales; the first, being that Bank of America’s CEO and Chairman of the board during 2008, Kenneth Lewis, had eyes on Merrill Lynch even before the financial crisis came about, thus he and the management believed that this would be the best time to buy over ML to extend the brawn of Bank of America’s muscle in wealth management.
Case Study:Hindustan Unilever Limited. Hindustan Unilever Limited (HUL) is India's largest fast moving consumer goods company, with leadership in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct consumer categories, touch the lives of two out of three Indians. They endowed the company with a combined volume of about 4 million tonnes and sales of Rs.10,000 crores.
At the same time, Mensa, Inc. should invest in the financial services sector. By raising capital by selling both the packaging and forest production sectors, the company now has sufficient capital to become a major player in this sector with increase market share which will lead to increased profitability and cash flow.
The Prescriptive Model is one where the asset allocation decisions of these institutional investors are dictated by a mandated investment pattern. This is followed in countries like India, Canada, Italy, Japan and South Korea. On the other hand, the Prudent Man Model is one where there is no mandated investment pattern, but “eligible assets” and “admissibility limits” must back the prescribed minimum solvency related to eligible assets. This model indirectly influences the asset allocation decisions of the insurance companies and pension funds. This model is adopted in countries such as US, UK, France and
For an organisation to rise fund, they usually tend to look at the stock market and capital market to do it so. This is two markets are usually seemed similar by the investors as they both contributes to the development of an economy. But there are significant difference between them. The capital market is a market that consist of stock market as well as the bond market. As a result, the capital market provides a long-standing finance using the debt capital and the equity capital. Capital markets divided into two sectors known as primary markets and secondary markets. The primary market is where securities are issued for the first time whereas the secondary market is where securities that have been already issued are traded among investors (Difference...
The biggest stock exchanges are the New York Stock Exchange and NASDAQ. The New York Stock Exchange is a large building in Lower Manhattan that does auction-style trading with a lot of face to face interaction through specialists, brokers, and buyers. There are upper floors in this exchange on which specialists determine the prices of all the stocks. This information then travels to the brokers who work auctions face to face with buyers in order to sell the stocks. America’s biggest companies, like Coca-Cola and McDonald’s, sell their stocks through this exchange. NASDAQ is a virtual stock exchange with no physical building. This exchange was created during the 1970s but began thriving during the tech boom of the 1990s. The tech boom helped this exchange become the home of more technological companies li...
“Financial management is just managing the limited financial resources of the organization has." This includes the use of cash and other assets such as equipment. Financial management has a different meaning than “financial management is the study of obtaining funds and their effective and judicious use, in terms of the overall objectives of the company." The important role of financial management has increased significantly in recent times. Factors such as economic unpredictable turns, fluctuations in interest rates, inflation and disinflation require processing financial management skills of first level. There is a demand for financial management in many sectors of society, including the construction industries. Study of financial management has developed over time in response to changing needs of business management. In general, the field of finance is attached to the economics and accounting. Finance was recognized as an independent field of study in 1900. Due to the Great Depression of the 1900s, the emphasis shifted from the capital fund for the perseverance of capital and maintenance of liquidity. Government intervention in the financial side of the business was strengthened in this period. The most important steps of contemporary financial management began in the mid- 1950s. The nature of financial management was interested in studying the fixed assets management of capital budgets , the efficient use of existing assets , capital structure the composition and the dividend policy . The risk-return relationship has also been emphasized by the last 30 years. Overall objective is to maximize long- term shareholder of the company’s wealth, increasing the market value (price) of shares
It has a market capitalization of about INR 30312.73 crore. Like other PSU banks, the bank has a major focus on agricultural and rural financing but also has a widespread international presence. The bank has 8.9 crore customers, 6081 branches in India and abroad and a network of 6940 ATMs spread across the