Professional Documents
Culture Documents
EXECUTIVE SUMMARY
Portfolio management is a process where the asset management company a basket of investment and the individual investor can select any of the portfolio which suites his/her requirement in terms of the return he expects from the investment. Asset management companies and the broking firms have ventured in this portfolio management field and they manage the funds of the small investors.
To determine the best combination of portfolio mix in order to obtain above average return and to minimize the risk. The financial investments advised by AEGON Religare Ltd have been chosen in order to facilitate the investment decisions of the investors. A choice of new portfolio will give a better choice for the investors.
The development of a portfolio, which maximizes the return and minimizes the risk, is the key for any firm handling stocks. As portfolio is a collection of various kinds of assets and a diversified portfolio ensures safe return for the investment and also minimizing the risk.
The feasibility of the new portfolio will be evaluated. The development of the feasible portfolio will help the investors in making better investment decisions and to reduce the risks. The project title is
INDUSTRY PROFILE
Industry scope
The business of investment management has several facets, including the employment of professional fund managers, research (of individual assets and asset classes), dealing, settlement, marketing, internal auditing, and the preparation of reports for clients. The largest financial fund managers are firms that exhibit all the complexity their size demands. Apart from the people who bring in the money (marketers) and the people who direct investment (the fund managers), there are compliance staff (to ensure accord with legislative and regulatory constraints), internal auditors of various kinds (to examine internal systems and controls), financial controllers (to account for the institutions' own money and costs), computer experts, and "back office" employees (to track and record transactions and fund valuations for up to thousands of clients per institution).
Financial services
Financial services are a term used to refer to the services provided by the finance industry. Financial services are also the term used to describe organizations that deal with the management of money. Banks, investment banks, insurance companies, credit card 2
A Study on portfolio management service of investors @ companies, government sponsored enterprises, and stock brokerages, are examples of the types of firms comprising the industry, which provides a variety of money and investment related services. Financial services are the largest industry (or industry category) in the world.
Intermediation or advisory services Stock brokers (private client services) and discount brokers
Stock brokers assist people in investing, online only companies are called 'discount brokerages', companies with a branch presence are called 'full service brokerages' or 'private client services. Some of these are:
Other low-cost brokerages that function in a similar way to a dividend reinvestment program include:
BUYandHOLD Edgar, Dunn & Company (Edgar, Dunn & Company is a financial services
consultancy)
FolioFN General Electric (GE is one of the largest financial companies) Sharebuilder
Market share
The financial services industry constitutes the largest group of companies in the world in terms of earnings and equity market cap. However it is not the largest category in terms of revenue or number of employees. It is also a slow growing and extremely fragmented industry, with the largest company (Citigroup), only having a 3 % US market share.[6] In contrast, the largest home improvement store in the US, Home Depot, has a 30 % market share, and the largest coffee house Starbucks has a 32 % market share, etc. Despite this fragmentation, financial service companies as a group are by far the most profitable in the world, and if any grew to the same market share percentages as any other retail industry, the potential profit would be large.
A Study on portfolio management service of investors @ 2011 S&P 500 index market capitalization in 2010:
Financial Services: 20.30% (Computer hardware & software: 15.30%) (as comparison to 2009) Healthcare: 13.40% Industrial Materials: 12.20% Hardware (computer hardware): 10.80% Consumer Goods: 9.70% Consumer Services: 8.80% Energy: 6.50% Software: 4.50% Business Services: 3.90% Media: 3.90#
2010 S&P 500 index (500 large American companies) market cap in 2009
Technology (hardware, software): 29.8% Financial: 13.1 Consumer Staples: 11 Consumer Cyclicals: 9.2 Healthcare: 9 Capital Goods: 8.4 Communication Services: 8 Energy : 5.5 Basic Materials: 3.00% Utilities: 2.3 Transportation: 0.7
Brand equity
Each year, BusinessWeek and Interbrand publish their 100 Best Global Brands study, ranking the financial value of brands. The following are the financial services companies in this list, ranked by this study for 2009
Rank
Brand
Country of origin
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Citigroup
21.46
7%
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U.S.
14 21 28 33 36 37 42 87
American Express Merrill Lynch HSBC J.P. Morgan Morgan Stanley Goldman Sachs UBS ING
14 25 29 34 33 37 44 87
A Study on portfolio management service of investors @ 10 largest asset management firms Global Investors 2009 top 10 asset managers by assets under management.Source: BGI) Rank Company 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Barclays Global Investors State Street Global Advisors Fidelity Investments Capital Group Companies Legg Mason The Vanguard Group Allianz Global Investors Assets under management (US $million) 1,400,491 1,367,269 1,299,400 1,050,435 891,400 852,000 790,513 Country UK US US US US US Germany US US Germany
JPMorgan Asset Management 782,646 Mellon Financial Corporation 738,294 Deutsche Asset Management 723,366
3.1
This venture is dedicated to build a firm future, both for customers and employees and will continue to balance a local approach with the power of an expanding global operation. We launched our pan-India multi-channel operations in July, 2008 with over 30branches spread across India. Our business philosophy is to help people plan their life better. We provide high quality advice to our customers and offer superior customer service. In an industry first, AEGON Religare Life Insurance offers policy servicing on the phone via Interactive Voice Response System (IVR) by issuing the customer a T-Pin for authentication. It is also the first company to include the customers medical report in the policy kit.
AEGON
Businesses serve over 40 million customers in over 20markets throughout the Americas, Europe and Asia, with major operation in the united states, the Netherlands and the united kingdom . with the headhunters in the huge , the Netherlands ,AEGON companies empl0y almost 32000,wordwide.the company common shares are listed on four stock exchange: Amsterdam, London ,new york and Tokyo . it manage euro 351 billion in revenue
generating investment .AEGON has more than 160 years of experience with its roots going back to 1844.it hold 26% equity in our company.
A Study on portfolio management service of investors @ Part of the mammoth Times Group, is Indias largest media house. It reaches out to2468 cities and towns all over India. The group owns and Manages powerful media brands like The Times of India, The Economic Times, Maharashtra Times, Navbharat Times, Femina,Filmfare, Grazia, Top Gear, Radio Mirchi, Zoom, Times Now, Times Music, Times OOH, Private Treaties and India times. Com.All of its brands are multinational in outlook, traditional at heart and national in spirit. From the very first edition on November 3, 1838 the mammoth BCCL Group has come a long way.
A Study on portfolio management service of investors @ To bring about speedy and orderly growth of the insurance industry (including
annuity and superannuation payments) for the benefit of the common man, and to provide long term funds for accelerating growth of the economy. To set, promote, monitor and enforce high standards of integrity, financial
soundness, fair dealing and competence of those it regulates. To ensure speedy settlement of genuine claims, to prevent insurance frauds and
other malpractices and put in place effective grievance redressal machinery. To promote fairness, transparency and orderly conduct in financial markets dealing
with insurance and build a reliable management information system to enforce high standards of financial soundness amongst market players. To take action where such standards are inadequate or ineffectively enforced.
Quality policy AegonReligare Life Insurance Company Limited has some quality policy which are listed as follows: 1) Result Oriented 2) Performance Driven 3) Customer Focused 4) Learning and Development Oriented 5) Employee Centric 6) Informal and Fun
A Study on portfolio management service of investors @ not be utilized till approval for listing is obtained from the stock exchange where listing is proposed. No interest will be payable on the applications accompanied by stock invested. He will debit the applicants account only to the extent of amount payable on the shares allotted to him. Letter(s) off allotment/securities/share certificates together with refund orders o value over Rs.1500/-, if any to allot tees and to non-allot tees will be dispatched by registered post and refunds off value Rs.1500/- and less will be dispatched under certificate of posting at the applicants sole risk within three months from the date of allotment in exchange of allotment letter(s) issued if any. The company is provided with an ISIN (International Security Identification Number) by the NSDL (National Securities Depository Ltd.) and the CDSL (Central Depository Services Ltd.) and therefore the company provides likewise a security identification no. which is the Portfolio Number and the Club Identification Number (the share certificate no.) where the company keeps all the necessary and relevant information regarding the client and his/her total funds or invested money or amount, in the companys personal Database. The Database contains all the clients separate Portfolio Nos. and accounts. All the information about the increase and decrease of the sum owing to buying more shares from the Secondary Market (the Stock Exchanges) through the brokers or the selling of shares from the Primary Market (new subscription or the issue o the shares). This maintenance or management of these Portfolios and its creation is termed as the Portfolio Management by the company.
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The diagram describes a typical transaction with this separate company (usually referred to as a Special Purpose Vehicle SPV or in the USA as a Special Purpose Entity SPE
Portfolio (finance)
In finance, a portfolio is a collection of investments held by an institution or a private individual. In building up an investment portfolio a financial institution will typically conduct its own investment analysis, whilst a private individual may make use of the services of a financial advisor or a financial institution which offers portfolio management services. Holding a portfolio is part of an investment and risk-limiting strategy called diversification. By owning several assets, certain types of risk (in particular specific risk) can be reduced.
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A Study on portfolio management service of investors @ This portfolio has the property that any combination of it and the risk-free asset will produce a return that is above the efficient frontier - offering a larger return for a given amount of risk than a portfolio of risky assets on the frontier would.
Portfolio management
How should a company invest its product development resources effectively? And how should it prioritize its development projects and allocate resources among them? These are crucial issues in new product portfolio management. A company who is able to optimize its R&D investments will have success in the future. Portfolio management is a critical management challenge for three reasons: Firstly, a successful new product effort is fundamental to business success. This translates into portfolio management: the ability to select projects today that will become new product winners tomorrow. Secondly, new product development is the manifestation of the strategy of the enterprise. One of the most important ways for a company to operationalize its strategy is through the new products it develops. If new product initiatives are wrong, either the wrong projects or the wrong balance between projects, the company fails at implementing its strategy. Thirdly, portfolio management is about allocation of the companys resources. The goal of a company should be to create value for the shareholders. Technology and marketing resources simply are too limited to waste on the wrong projects. The consequences of poor portfolio management are clear: A company spills the limited resources and as a result does not give deserving projects a chance.
A Study on portfolio management service of investors @ software and software development tools. This article is about portfolio management for new software product Much research has been done to discover the reason of new product success: Research (Cooper et al., 2000) has led to many reasons. Studies on why new products succeed show that there are ten critical success factors.
Nr Description 1. Seek differentiated, superior products. 2. Do your up-front homework. 3. Take the voice of the customer into account. 4. Demand a clear and early product definition. 5. Plan and resource the market launch early. 6. Build strict go/kill decision points into your process. 7. Organize around cross-functional project teams. 8. Attack from a position of strength. 9. Build an international orientation into your new product process. 10. The role and support of top management is central to success.
Product lining
Portfolio management is linked with product lining. Product lining is the marketing strategy of offering several related products individually (Ardis, M., Daley, N., Hoffman,
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A Study on portfolio management service of investors @ D.M., Siy, H. and Weiss, D., 2000). A line can comprise related (software) products of various functionalities, qualities or prices (Brown sword, L. and Clements, P., 1996).
Asset allocation
The different asset classes are stocks, bonds, real-estate, derivatives, and commodities. The exercise of allocating funds among these assets (and among individual securities within each asset class) is what investment management firms are paid for. Asset classes exhibit different market dynamics, and different interaction effects; thus, the allocation of monies among asset classes will have a significant effect on the performance of the fund. Some research suggests that allocation among asset classes has more predictive power than the choice of individual holdings in determining portfolio return.
Performance measurement
Fund performance is the acid test of fund management, and in the institutional context accurate measurement is a necessity. For that purpose, institutions measure the performance of each fund (and usually for internal purposes components of each fund) under their management, and performance is also measured by external firms that specialize in performance measurement. The leading performance measurement firms (e.g. Frank Russell in the USA) compile aggregate industry data e.g. showing how funds in general performed against given indices and peer groups over various time period.
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A Study on portfolio management service of investors @ i.e. returns relative to cash (e.g. Swiss franc or Yen cash) where (performance) fees are payable only if the return exceeds some absolute figure (e.g. 10% per annum).
3. 5.Area of Operation
Head office and branches They are 50 branches in 19 states throughout India Corporate and registered office AEGON Religare Life Insurance,2nd Floor, Paranjpe B Scheme,Subhash Road, Near GarwareHouse,Vile Parle (E),Mumbai - 400 057. Other Branches 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ahmadabad Amritsar Bangalore- Brigade Bhopal Bhubaneswar Chandigarh Chennai- Mount Road Coimbatore Dehradun Faridabad Gurgaon Guwahati 16
A Study on portfolio management service of investors @ 13. 14. 15. 16. 17. 18. 19. Hubli1 Hyderabad- Secunderabad Indore Jaipur Jalandhar Jamshedpur Kanpur
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All their Branch / Area and Regional offices will be interconnected to their Data Centre with a 24x7 access to Core Applications like Lotus Mail, Life-Asia and Internet Applications. This will enable their associates to work faster and better with high-speed Internet connectivity and also ensure faster turnaround Time for their customer. Customer Care Centre: -
They will host a centralized Customer Care Centre at Navi Mumbai, which cater services to internal and external queries and complications. A customer Relationship Management Tool (CRM) and Lead Management System (LMS) are in progress. Web Portal: -
This portal will be an interface between two internal employee send their external users. Some of the functions included in their portal are Policy Tracking Systems, Corporate News, and Quality checking System, Under Writing Medical System, and Agent Management System etc. SMS Alerts: -
SMS Alerts will be provided to their Sales Managers about the latest happenings like Contests and Campaigns, Employee Alerts will include Company News and 18
A Study on portfolio management service of investors @ Welcome/Birthday/Anniversary message etc Customers includes
Welcome/Birthday/Anniversary message ,policy dispatch details policy service messages like premium receipt and renewal premium remainders etc. Document management system
DMS will enable both policy issuance and contract service in through an automated workflow, which yields a faster Turnaround Time to both internal and external users. This application will enable them to have a paperless office and thus mitigate the risk of losing vital records/papers.
Subsidiary companies:
Religare Securities Limited Equity Broking Online Investment Portal Portfolio Management Services Depository Services Religare Commodities Limited Commodity Broking Religare Capital Markets Limited Investment Banking Proposed Institutional Broking Religare Realty Limited ReligareHichens Harrison Corporate Broking Institutional Broking Corporate Finance ReligareFinvest Limited Lending and Distribution business Proposed Custodial business Religare Insurance Broking Limited Life Insurance General Insurance Religare Arts Initiative Limited 19
A Study on portfolio management service of investors @ Business of Art Gallery launched - arts-i Religare Venture Capital Limited Private Equity and Investment Manager Religare Asset Management
Religare Asset Management Company (P) Limited is a wholly owned subsidiary of Religare Securities Limited (RSL), which inturn is a 100% subsidiary of Religare Enterprises Limited. Religare Richens, Harrison plc. (RHH) is a part of Religare Enterprises Limited (REL) a leading integrated financial services group of India. Lichens, Harrison & Co. plc. (HH), established in 1803 is Londons oldest brokerage and investment firm with a global footprint. Post its acquisition through RELIGARE indirect subsidiary - Religare Capital Markets International (UK) Limited, HH has been rechristened as Religare Hichens Harrisonplc.
Associate companies:
Fortis Healthcare Limited Super Religare Laboratories Limited Religare Wellness Limited (Formerly Fortis Health world) ReligareTechnova Limited Religare Voyages Limited
HEAD COMMODITY
HEAD FINANCE
HEAD MARKETING
BRANCH MANAGER
RELATIONSHIP MANAGER
PROTFOLIO MANAGER
EXECUTIVE
ASSISTANT BDM
DEALERS
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A Study on portfolio management service of investors @ While some models of organizational effectiveness go in and out of fashion, one that has persisted is the McKinsey 7S framework. Developed in the early 1980s by Tom Peters and Robert Waterman, two consultants working at the McKinsey & Company consulting firm, the basic premise of the model is that there are seven internal aspects of an organization that need to be aligned if it is to be successful. The 7S model can be used in a wide variety of situations where an alignment perspective is useful, for example to help you:
Improve the performance of a company. Examine the likely effects of future changes within a company. Align departments and processes during a merger or acquisition. Determine how best to implement a proposed strategy.
The McKinsey 7S model can be applied to elements of a team or a project as well. The alignment issues apply, regardless of how you decide to define the scope of the areas you study. The Seven Elements Description The Hard Ss Strategy Structure Systems The Soft Ss Style / Culture The culture of the organization, consisting of two components: Organizational Culture: the dominant values and beliefs, and norms, which develop over time and become relatively enduring features of organizational life. Management Style: more a matter of what managers do than what they say; How do a companys managers spend their time? What are they focusing attention on? Symbolism the 23 Actions a company plans in response to or anticipation of changes in its external environment. Basis for specialization and co-ordination influenced primarily by strategy and by organization size and diversity. Formal and informal procedures that support the strategy and structure. (Systems are more powerful than they are given credit)
A Study on portfolio management service of investors @ creation and maintenance (or sometimes deconstruction) of meaning is a fundamental responsibility of managers. Staff The people/human resource management processes used to develop managers, socialization processes, ways of shaping basic values of management cadre, ways of introducing young recruits to the company, ways of helping to manage the careers of employees The distinctive competences what the company does best, ways of expanding or shifting competences Guiding concepts, fundamental ideas around which a business is built must be simple, usually stated at abstract level, have great meaning inside the organization even though outsiders may not see or understand them.
The model starts on the premise that an organization is not just Structure, but consists of seven elements:
Systems
Style
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A Study on portfolio management service of investors @ Let's look at each of the elements specifically:
Strategy: the plan devised to maintain and build competitive advantage over the competition. Structure: the way the organization is structured and who reports to whom. Systems: the daily activities and procedures that staff members engage in to get the job done. Shared Values: called "superordinate goals" when the model was first developed, these are the core values of the company that are evidenced in the corporate culture and the general work ethic. Style: the style of leadership adopted. Staff: the employees and their general capabilities. Skills: the actual skills and competencies of the employees working for the company. Placing Shared Values in the middle of the model emphasizes that these values are central to the development of all the other critical elements. The company's structure, strategy, systems, style, staff and skills all stem from why the organization was originally created, and what it stands for. The original vision of the company was formed from the values of the creators. As the values change, so do all the other elements.
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STRENGHTS
AEGON religare strength is the power to take on all challenges. Aegon religare the pioneer in the field of financial services. It has developed into a
specialist organization particularly like PFM services. State of the art technology: Aegon religare has adopted techniques, which are
unique and unparalleled in financial services. It has the back up of technical experts in the online trading/PFMS/Mutual funds. It has developed considerable expertise in project development, operation and
maintenance, finance and administration areas. Organizational development: To achieve the goals of the organization in the back
drop of liberalization of the economy and reform process envisage in the finance sector, massive efforts have been undertaken towards organizational development. Relationships with customers, Brand strength, Delivery time, Infrastructure,
Customer service, Resources: financial, intellectual, location, Efficiency, Quality, hfStaff, Price, principles.
WEAKNESS
Intense throat competition in this field Lack of awareness among most of the people about the financial services.
OPPORTUNITIES
Its an emerging sector in our economy so, it as large potential market. Market Trends, Economic condition, Expectations of stakeholders, Technology
Public expectations and Global Markets paves way to effective establishment for this sector.
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THREATS
With the advent of economic reforms and liberalization, there is an open gate policy
for private participants in the field of financial services. Competitors and competitive actions, Bad returns, Criticism (Editorial). But privatization does not pose great threat to the organization because of its strong
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A Study on portfolio management service of investors @ Analysis of Financial Statement Particulars Year Year ended ended march 31, march 31, 2011 2010
Amount transferred to policyholders account Income from investments (a) interest, dividends and rent - Gross (b)Profit on sales\redemption of investment (c) Loss on sale/redemption of investment (d) Transfer/Gain on revaluation (e)Amortisatio of premium/discount on investment Other income Total income(A)
Expenses other than those directly related to the insurance 13,292 business: Bad debts written off Provision (other than taxation) (a)For diminution in the value of investment (b)Provision for doubtful debt (c)others Contribution to the policyholders account Total income(B) Profit before tax Provision for tax Current tax Fringe benefit tax Profit after tax APPROPRIATIONS (a)Balance at the beginning of the year (b)Interim dividends paid during the year (c)Dividend distribution on tax (d)Transfer to reserves/other accounts Proft/ (loss)carried forward to the balance sheet 13,292 38,222 -
(237,878) (199,565)
(278,688) (237,878)
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General Introduction
Portfolio:
Portfolio (finance), a collection of investments held by an institution or a private individual. Holding a portfolio is often part of an investment and risk-limiting strategy called diversification. By owning several assets, certain types of risk (in particular specific risk) can be reduced. There are also portfolios which are aimed at taking high risks - these are called concentrated portfolios.
Security
A security is a fungible, negotiable interest representing financial value. Securities are broadly categorized into debt and equity securities. The company or other entity issuing the security is called the issuer.
Securitization
Securitization is the process of homogenizing and packaging financial instruments into a new fungible one. Acquisition, classification, collateralization, composition, pooling and distribution are functions within this process
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A Study on portfolio management service of investors @ across the facility, organizations can improve utilization, reduce capital costs, reduce assetrelated operating costs and subsequently improve ROA (return on assets).
Diversification
from both its current markets and products, as opposed to either market or product development.
Investment advisor
An investment advisor (or investment adviser) is an individual or firm that advises clients on investment matters on a professional basis. They tend to fall into any one of the two distinct categories:
investment advisors offering direct financial advice to individuals or businesses, Investment advisors offering asset management for (typically) corporate clients,
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(AEGON Religare, Share khan, Way2wealth, IL& FS etc.) with other independent financial service firms like (commercial banks, insurance companies, etc.) To evaluate investors preference to opt portfolio services of line when compared to
other investment services (Mutual funds, Insurance broking, Commodities broking, etc.) offered by AEGON Religare Ltd. To evaluate investors intentions about portfolio structure, rate of return, risk
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The data was also collected from few of the sources like the Registrars and the Share Transfer Agents who manage the portfolios of many companies like the AMI Computers (I) Ltd., who manages the portfolios of the shareholders of the Aegon Religare Insurance on behalf. The various sources that were used for the collection of secondary data are Various textbooks were used to understand the concepts of portfolio management. Websitesvarious sites like www.aegonreligare.com, www.5paise.com,
www.bseindia.com, www.nseindia.com, www.google.com, www.wikipedia.com and other websites. Newspapers such as Economics Times, Financial express, Business Line, etc.
Magazines such as Business World, Business Today, Investors Guide, Capital Market, Portfolio management, etc
SAMPLE DESIGN
A Sample design is a definite plan for obtaining a sample from a given population. It refers to the technique or the procedure the researcher would adopt in selecting items for the 32
A Study on portfolio management service of investors @ sample. The sample design may well lay down the number of items to be included in the sample i.e. the size of the sample. Sample design is determined before data collection. The sampling process consists of 7 stages: Definition of population of concern Specification of a sampling frame, a set of items or events that it is possible to measure Specification of sampling method for selecting items or events from the frame Determine the sample size Implement the sampling plan Sampling and data collecting Review of sampling process Sampling plan helps to: Test a statistical hypothesis relating to a Population Make an in force about an unknown parameter from a measurable sample.
Sampling Method Sampling draws an inference about the population. The values obtained from the study of samples are called parameters. Methods of Sampling The various methods of sampling design can be grouped as under: 1. 2. Random Sampling Method Simple Random Sampling Stratified Sampling Matched Sampling Systematic Sampling Multi-stage Sampling. Non Random Sampling Methods Judgment Sampling Quota Sampling Convenience Sampling Stratified sampling 33
Market research
Research is the search for and retrieval of existing, discovery or creation of new information or knowledge for a specific purpose. Research has many categories, from medical research to literary research. 'Marketing research is a form of business research. And Business-to-Business (B2B) Marketing Research, or Business Marketing Research, previously known as Industrial Marketing Research. B2B Marketing Research investigates the markets for products sold by one business to another, rather than to consumers.
very confidential. This sample size was restricted to 30. Therefore the sample size for each target
segment was also restricted and the duration of the study was limited Some respondents show unwillingness to fill the questionnaire. Some respondent gave biased information in case of close-ended questions &
multiple choice Some respondent gave two preferences and hence one option was taken. Therefore
A Study on portfolio management service of investors @ Due to the huge area of Bangalore & small sample size all areas of are not included
in sample.
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Q.1 Which asset management company or companies you are currently associated with?
Table: - 1
AEGON religare 25
IL & FS 30
Banks 35
Others 10
CHART 1
35% 30% 25% 20% 15% 10% 5% 0% Series 1
IL & FS 30%
Banks 35%
Others 10%
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Analysis
25% of the respondents strongly agree that they are invested in Aegon Religare. 30% of the respondents are been invested in IL & FS. 35% of the respondents remain largest who are invested in different Banks. Only 10% of the respondents said they are invested in other investments like post
Interpretation
40% respondents stated that they are invested in the Banks as they feel that one of the best place for investment and secure as well.
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A Study on portfolio management service of investors @ Q.2 From how long you are associated with AEGON Religare Co.ltd
Table: - 2 Less than 1 year 50 1 year 2 year 30 1 year 3 year 10 Greater than 3 year 10
CHART 2
50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Series 1 Less than 1 yer 50% 1 year - 2year 30% 1 year - 3 year 10% Greater than 3 year 10%
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Analysis
50% of the total investors are been associated with AEGON religare. This shows the organizations growth in recent years than the previous years. 30% of the respondents are been invested in AEGON religare. 10% of the respondents known to the institution. Only 10% of the respondents said they are invested and aware of AEGON Religare
as they are recently come with so much of publicity and other advertisements.
Interpretation
As 50% respondents stated that they are invested in the Asset Management Company from the less than 1 Year. This says about the growth of the institution that started the business basically from health care. The organization seems at going to reach the peak.
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Q.3 Are you satisfied with the rate of return on your investment portfolio services at AEGON Religare? Table:- 3 Extremely satisfied 20 Somehow satisfied 35 Neither satisfied nor unsatisfied 30 Not satisfied 15
CHART 3
35% 30% 25% 20% 15% 10% 5% 0% Series 1
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Analy sis
20% of the total investors are extremely satisfied with the expectation and return on their investment with AEGON Religare. 35% of the respondents reported to be some what satisfied as they have been
invested in AEGON religare. 30% of the respondents are unknown to the institution are resulted to be neither
satisfied nor unsatisfied. Only 15% of the respondents said they are not at all happy with the investment
invested in AEGON Religare as they are need to be addressed by the organization as they are the potential investors.
Interpretation
As 35% respondents stated that they are somewhat satisfied as par as the investment
invested in the Asset Management Company. At the same time the institution need to improve the services for betterment of the future growth of the organization.
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A Study on portfolio management service of investors @ Q.4 what is Investors preference towards terms or period of investment in PFMS?
Table: - 4
Short term 30
Medium term 50
Long term 20
CHART 4
30%
25%
20%
15%
10%
5%
0% Series 1
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ANALYSIS
30% of the total investors are looking for short term investment and seems to be not risk taking and return oriented with the investment in AEGON Religare. 50% of the respondents reported to be medium term investors as they are looking
for moderate return. 20% of the respondents are those investors who believes the mantra of investment
that the money needs time for the growth and satisfied return too.
Interpretation
30% of the investors opt for short term portfolio investment, 50% opt for medium term and 20% go for long term. It suggests most of the investors prefer to invest in short and medium term and only few opt to invest in long term.
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A Study on portfolio management service of investors @ Q.5 what is the return you expect on your investment?
CHART 5
60%
50%
40%
30%
20%
10%
0% Series 1
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Analysis
. Merely 10% of the total investors are looking for a return of < 5% with the investment in AEGON Religare. 60% of the respondents reported to be expecting a medium return of their
investments as they are looking for moderate return of 10-15 % which seems very usual. 30% of the respondents are those investors who believes in the more returns. The
Interpretation
10% of the respondents are satisfied with less than 5% return whereas 60% go for 10-15% returns and 30% expect more than 15%.Therefore only few are happy with less rate of return and most of the investors prefer higher rate of return.
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A Study on portfolio management service of investors @ Q.6 what you do? To diversify the risk on investments with preference to go with several financial investments. Table: -6 PFMS 36 Mutual funds 42 Bonds 22
CHART 6
45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Series 1 PFMS 36% Mutual fund 42% Bonds 22%
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Analysis
Mostly 36% of the total investors are looking for an investment in Portfolio Management Services as believed the favored one to have good return on your investment in AEGON Religare.
funds as the benefits of entry load and exit load relaxation. 22% of the respondents are those investors who believe in invest in bonds as it
gives lesser returns comparatively. More returns. The return is expected around 15-20%.
Interpretation
36% of the respondents feel that the PFM services is safer, 42% feel mutual funds are safe, 22% feels that the Bonds are safer. Therefore equal number of investors opt PFMS and Mutual funds and few go for Bonds.
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A Study on portfolio management service of investors @ Q.7. How do you rate your PFM services at AEGON religare ltd?
CHART 7
30%
25%
20%
15%
10%
5%
0% Series 1
Excellent 15%
Good 30%
Fair 29%
Poor 26%
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Analysis
As per the excellent services only 15% of the total investors are rating on high end as it seems the expectations are meting case of returns on the investment in AEGON Religare.
service provider. 29% of the respondents are those investors who believe in invest in where they
consider as a final deal. 26% of the respondents rated the service very poor as rings and urgency for the
Interpretation
15% of the respondents thought the service is excellent whereas 30% thought it was good,26% stated the service is poor and 29% think the service is average. Therefore most of the investors are satisfied with the service offered by India Info line Ltd.
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A Study on portfolio management service of investors @ Q.8 what is your investment organization /sector?
Table:-8 Indian MNC Foreign MNC 28 Government fund 26 Private Money Lending 21
25
CHART 8
30% 25% 20% 15% 10% 5% 0% Series 1
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Analysis
25% of the people belong to the Indian MNC companies. 28% of the respondents reported to Foreign based MNC companies. 26% of the respondents are those who are belongs government bonds and securities. 21% of the respondents believe to belong to the group where they like private
money lending.
Interpretation:
As Indian MNCs are doing well in the business and an emotional value is been
attached.25% of the people belongs to the Indian MNC companies. The returns ion the investments are really very attractive so, 28% of the
respondents reported to Foreign based MNC companies. Being one of the safest and secured investment options, 26% of the respondents are
those who are belongs government bonds and securities. The risk taking capacity of the people are so high so they need high return so, 21%
of the respondents believe to belong to the group where they like private money lending.
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A Study on portfolio management service of investors @ Q.9 what is your interest to invest in any of type /organization funds? Table :- 9 Small cap 40 Mid cap 40 Large cap 10 Blue chip cap 10
CHART 9
40% 35% 30% 25% 20% 15% 10% 5% 0% Series 1
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Analysis
40% of the people belong to the small cap investment companys funds. 30% of the respondents reported to be interested in mid cap funds. 30% of the respondents are those who are belong to large Cap fund. 10% of the respondents believe to belong to the group where they like blue chip or
Interpretation:
As the shes are growing and pretty aware of the returns so, 40% of the people belongs to the small cap investment companies funds. The mid caps are doing well and a less risk is available so 40% of the respondents
reported to be interested in mid cap funds. As large cap funds are already in a saturation mode so 10% of the respondents are
those who are belongs to large Cap fund. This funds requires high volume of funds so,10% of the respondents believe to
belong to the group where they like blue chip or fortune 500 companies
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A Study on portfolio management service of investors @ Q.10 What is your interest to invest? Table :- 10
Tax saving 60
Security 20
Investment 10
High return 10
CHART 10
60%
50%
40%
30%
20%
10%
0% Series 1
Security 20%
Investment 10%
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Analysis
saving. 60% of the people belongs to the tax saving purpose as the investment helps for tax
only.
investment. 10% of the respondents are those who are belong to group of investment purpose
10% of the respondents believe to belong to the group where they like for high
returns.
Interpretation:
As tax saving is available so, 60% of the people belongs to the tax saving purpose
as the investment helps for tax saving. The investment of small or high secures the life so, 20% of the respondents reported
to be interested in securing the future by investment. The investment is been given priority here so10% of the respondents are those who
are belongs to group of investment purpose only. In order to get high returns the investor need to invest so,10% of the respondents
believe to belong to the group where they like for high returns.
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A Study on portfolio management service of investors @ Q.11 Which investment firm do u prefer for investing PFMS?
Table: - 11
Commercial bank
40
20
CHART 11
40% 35% 30% 25% 20% 15% 10% 5% 0% Private asset management company 40% Commercial bank Other financial institution 20%
Series 1
40%
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Analysis
40% of the people wants to invest in Private asset management company. 40% of the respondents wants to invest in Commercial bank. 20% of the respondents are those who wants to invest in Other financial institution.
Interpretation:
As Private asset management company are doing well in the business and an
emotional value is been attached 40% of the people invest in Private asset management company.
The returns ion the investments are really very attractive so, 40% of the
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FINDINGS
AEGON religare is the leading banking group in the world, as on 2012. AEGON religare Ltds PFMS performance is far than Nifty and Sensex in terms of
growth
From the study it is found that most of the investors are ready to risk by opting private asset management Companies and they believe these companies can perform well compared to commercial banks and other financial institution. From the study it is found that most of the investors take risk by opting equities (PEMS) rather than other services by expecting higher rate of returns. It suggests most of the investors prefer to invest in short and medium term and only few opt to invest in long term.
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CONCLUSIONS
Being a fast growing organization religare life insurance co.ltd Equities services has
measured itself and measured correctly and is growing with a comparatively high speed than any of the religare life insurance co.ltd. The funds and security management of the company is also going straight towards
the zenith of success. Reducing the cost and maximizing its wealth and assets the company is doing very
well throughout since its incorporation. Through its wonderful Strategic Planning the company is very much in progress of
risk management style and technique the company would be succeeding with a great frequency. No person or no investor of this company can say that why to invest in this company? as by observing its gigantic performance background since its incorporation none can deny of the fact that this very company will stand second to none in its field in the Global Market. As we see the increasingly high speed of success of the companys Security
Management/Portfolio Management and the speed in the process of capturing the Global Market one can easily come to a conclusion that the company will become a Pride of the religare life insurance co.ltd D as well in the days to come.
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SUGGESTIONS
Should seize the opportunities, which come on the way to success and by mitigating weaknesses into strength it should go forth. Should minimize the formalities of security dealing and the depositories, which lead to stakeholders disappointing situation. As the company has given the responsibility to the AMI Computers for the securities and funds Management on behalf, rather it should appoint a Portfolio Manager to do the work of the Portfolio Management of the shareholders of the company. It can save the sum of amount spent on AMI Computers delegation of the Portfolio Management of the companys shareholders. Should prepare a Stakeholders Matrix by which it can ascertain or categories the efficient shareholders or the important shareholders. Should focus to make a Corporate Sustainability Report by which it can verify the salutary investors of the company.
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OVERVIEW
The performance of the insurance sector in financial year 2008-09 was largely influenced by the sub-primecrisis. The sub-prime crisis started in the United Statesin late 2007,evolved as a financial crisis in US andlater engulfed Europe and UK. By late 2008it seepedinto Asia. As a result, the financial crisis deepenedamong many countries of theworld, thus forcing therespective governments to take necessary steps tocome out ofthe crisis. Besides increasedunemployment in various countries, economic growth was also hampered and the IMF and World Banklowered the world economic contraction for 2008-09to 1.1 per cent lower than what was projected earlier.Fall of financialinstitutions and lack of confidence inthe banking system impacted the financial markets.Money and capital markets tumbled down to theirlowest levels across the world.
During the first quarter of the current financial year life insurers underwrote a premium of Rs.14456.34 crore, marginally higher than Rs.14320.20 crore in the comparable period of last year. LIC accounted for
Sir/Madam I, Parag Kumar Kalita student of BNM Institute of Technology, conducting a study on A study on Portfolio Management services of investors at AEGON religare. This study emphasis on Investors preferences, there expectations and level of satisfaction with the performance PFM Services. So, I kindly request you to give your valued opinion towards this study
1. Tell us a little more about your self Name:-. Age:- Sex: M/F... Occupation Income: up to 300000 6000000 to 900000 [ ] [ ] 300000 to 600000 Above 900000 [ ] [ ]
2. Which asset management company or companies you are currently associated with?
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A Study on portfolio management service of investors @ 4. From how long you are associated with AEGON religare co.ltd Less than one year One year- two years. Two year-three years More than three years
5. Are you satisfied with the rate of return on your investment portfolio services?
Extremely satisfied Somewhat satisfied Neither satisfied nor unsatisfied Not satisfied
12. Your satisfactory level with the rate of return on your investment at AEGON religare co.ltd Less than 10% 10-15% More than 20%
13. What is your interest to invest ? Tax savings Security Investment High return 65
A Study on portfolio management service of investors @ 14. What is your interest to invest in any of type /organization funds? Small cap Mid cap Large cap Blue chip cap 15. What is your investment organization /sector? Indian MNC Foreign MNC Government fund Private money lending
16. Your suggestions to improve the services of PFM at AEGON religare co.ltd
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BIBLIOGRAPHY
BOOKS
INVESTMENT MANAGEMENT/DANIEL R. DANNY/ HIMALAYA PUBLICATION/2007-08
WEBSITES
www.aegonreligare.com www.5paise.com www.wikipedia.com www.google.com
OTHER SOURCES
Newspapers such as Economics Times, Financial express, Business Line, etc. Magazines such as Business World, Business Today, Investors Guide, Capital Market, Portfolio management, etc
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