...Medical Mutual is the oldest health insurance company in the state of Ohio, starting in 1934. It covers over 1.5 million residents with over 43,000 primary care and specialist providers in the network. Medical Mutual is a not-for-profit company, which means it uses its revenues to further the company instead of paying its shareholders. I believe that is why this company has continued to grow instead of being bought out, since they are putting all their money back into helping advancement instead of paying off the people who are invested. Medical Mutual is also one of the biggest employers in downtown Cleveland (HQ location). In 2011 Medical Mutual made InformationWeek 500’s annual list of being one of the nation’s most creative users of business...
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...MUTUAL FUNDING: IMPACT ON THE GHANAIAN ECONOMY A comparative study of two mutual funds companies in Kumasi DEPARTMENT OF BUSINESS STUDIES EDMUNDSON LAWRENCE KOBINA 1.0 INTRODUCTION 1.1 BACKGROUND TO THE STUDY Over the years in Ghana, the private sector has had it difficult raising capital and adequate funds for investment and other business activities, this led to the undertaking of a number of financial sector reforms by the government. The emergence of mutual funds into the Ghanaian financial sector has been as a result of these reforms. This is to facilitate capital generation and savings mobilization for the private sector to help them accomplish their organizational objectives. It has become evidently clear that, to achieve development in the economy in terms of high gross domestic product (GDP), a better per capita income, less unemployment and reduction in inflation, the private sector of the economy should be encouraged to lead in the generation of wealth. Capital for investment in this country (Ghana) is either sought for internally or externally but the Ghanaian government like its’ counterparts in other African countries have been relying heavily on external funds from developed economies and donor communities to be able to implement public sector development policies. This has not been so easy in recent years due to the diversification of these funds to countries such as China and other Asian countries that are now better...
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...Mutual fund firms are continuously following the race in their endeavour to differentiate their products from competitors by responding to sudden changes in the economy. When compared to developed countries where Mutual fund has penetrated deeply into the financial system of people, the product could not get much popularity in India. Even though Mutual Funds provides investors an option of diversified investment with varying degree of risks, in practice it has failed to become a primary investment choice for Indian customers. The study focuses its attention towards the possibilities of measuring the satisfaction level and expectations of the Mutual fund products. It examines the changing behavioural patterns of the customers with respect to time and correlates the pattern with the economic conditions of the economy (National & Global). The report also attempts to suggest recommendations to improve the current perception level and customer patronage so that the customer gains the confidence/understanding, thus actively involves in Mutual fund investments. The study makes use of a few important attributes which has been discussed in the later part of the report and also...
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...on 05/25/17. The claimant was present by phone and was represented by attorney Genelle Bayer. Sean Nicolette was present for Liberty Mutual in the companion file WCB# 50312053 with date of accident 08/21/2003. As you know, your 07/13/2012 case is established for the low back with an average weekly wage $273.38. The case has been traveling with a Liberty Mutual file with date of accident of 08/21/2003. That case is established for the lower back and the upper back. At the present time payments are bing made to the claimant at $136.39 TP subject to a tentative apportionment of one half to your file and one...
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...Mutual Engagement The Baldrige Performance Excellence Program offers organizational assessment tools for several industries including private businesses, government agencies, health care conglomerates, and non-profit institutions (Pence & Milrany, 2013). Annually, the President of the United States awards the Malcolm Baldrige National Quality Award (MBNQA) to recognize establishments for their quality performance (DeJong, 2009). The United States Coast Guard (USCG) slightly modified the award criteria to meet the needs of the service and make it easily translatable to the men and women referencing the standards, but the foundation remains the same. The Commandant’s Performance Excellence Criteria (CPEC) is a systematic approach to improving...
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...According to a study performed by researchers at Stockholm University and Karolinska Institute that was published in Journal of Occupational and Environmental Medicine and many other scientific studies we all read about in the newspapers, devoting a part of the work time to physical activity can lead to higher productivity and it improves people’s health. Our company records of the past two years, when the fitness center was operational, indicate that there has been an overall decrease in employee absenteeism, reduction in employee medical costs, and an increase in productivity. The decrease in the medical cost can be seen as follows: No./Percent of employees Users of Fitness Centre (in a week) Medical cost per person Total medical cost 25/10% >3 $100 $2500 62/25% 1-2 $300 $18,600 163/65% 0 $500 $81,500 Also, the users of fitness center missed on average only 6 days per year, which is half as many workdays as non-users missed. It didn’t miss my notice that not many people were using the facility. Hence I decided to institute a Wellness Program for my department. It has been eight months since the Program began and I can see a rise in productivity by 18 percent and sick days have come down by 5 percent. I am in talks with my colleagues in different departments and I believe that I can make them understand the importance of the Wellness Program and the fitness center. As and when the Wellness Program spreads to other departments there will be a major increase in the...
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...SBI Mutual Fund, sometimes also referred to as SBIMF, is one of the top mutual fund companies in India. Started as a joint venture between State Bank of India (SBI) and AMUNDI (France) in 1988, SBIMF boasts of 30 years of experience in fund management and delivering amazing results to the customers. Headquartered in Mumbai, it has over 160 branches that are successfully serving investors all over India. Services provided by the SBI Mutual Fund company include: • Mutual Funds o Equity Funds o Debt Funds o Hybrid Funds o Exchange Traded Fund (ETF) o Fixed Maturity Plans (FMP) • Portfolio Management and Advisory Services • Offshore Funds • Alternative Investment Funds One of the mutual fund schemes that offers a great opportunity to generate...
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...Ethics At Airbus 1) In each of the cases described above who benefits and who suffers from the alleged ethical and legal lapses of Airbus? Ans – When we observe across cases, its mostly the state and the airline company who is at loss due to these legal and ethical lapses Airbus – Sabena Case: As long as Van Espen’s case does not prove anything against any party, Airbus has gained significantly from the deal as it would have earned around $5bn order from the deal. The party which suffered significant loss should be the state as the Belgian government had 50.5% stake KAC – Airbus: Airbus gained a much needed order bill of around $1.1bn and possible order of $0.9bn, the employees of KAC Mr Al Mishari and its subsidiary ALAFCO, Dr. Mallalah & Mr El Fekih possibly would have earned (only a possibility) whereas the state of Kuwait higher costs, lost cash, earned higher depreciation costs and probably had to write-off it off India Inc. & Airbus: Airbus like all other cases earned the order book despite Boeing offered a deal to the Indian government $140mn cheaper. The state and eventually the airline paid $140mn more, raising its depreciation costs, debt service costs and got hold of carriers which were not properly tested thus risking the life of passengers Across cases observed, Airbus has been smart enough to save itself a persecution almost anywhere and has got large order books worth billions of dollars acquiring half of the market share but if Airbus is found...
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...EXECUTIVE- SUMMARY The primary objective of this project is based on a methodological study, as it required to me to understand Indian consumer behavior related to the investments in mutual funds. To execute the knowledge, I preferred to study about the mutual funds and some other popular investments options in India. Thus the first part of the project based on learning the following in details: ➢ About Religare ➢ Product and services of Religare ➢ Services and charges provided by Religare ➢ Consumer behavior ➢ Analysis of Investors profiles ➢ Some popular Investments options in India ➢ Mutual Funds ➢ Market survey and research. After undergoing the training about the products and operational features. I started exploring the product and contact the prospective customers by way of tele callings, emails, corporate presentations, road shows and by arranging canopy. My primary aim was to give better options to the prospective customers by offering them products specialized features and its unique incomparable qualities in the services provided by Religare securities limited. OBJECTIVE OF THE STUDY The objective of this research and survey is to know the Indian consumers behavior related to the investment in Mutual Funds. In this research & survey firstly I tried to analyze the various popular investment options available in India, and their strengths and weaknesses. Apart from this I also tried to find out the...
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... Analysis of how Mutual Funds can be used as a dynamic tool for diversification.. INTRODUCTION There are a lot of investment avenues available today in the financial market for an investor with an invest-able surplus. He can invest in Bank Deposits, Corporate Debentures, and Bonds where there is low risk but low return. He may invest in Stock of companies where the risk is high and the returns are also proportionately high. The recent trends in the Stock Market have shown that an average retail investor always lost with periodic bearish tends. People began opting for portfolio managers with expertise in stock markets who would invest on their behalf. Thus we had wealth management services provided by many institutions. However they proved too costly for a small investor. These investors have found a good shelter with the mutual funds A mutual fund is an investment vehicle that comprises a pool of funds collected from a large number of investors who invest in securities such as stocks, bonds, and short term money market instruments. The portfolio of a mutual fund is structured and maintained by fund managers. Diversification means spreading out money across many different types of investments. When one investment is down another might be up. Diversification of investment holdings reduces the risk tremendously A mutual fund is a group of investors operating through a fund manager to purchase a diverse portfolio of stocks or bonds. Mutual funds are highly...
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...to achieve with the new draft RBI guidelines for the wealth management industry? What are the reasons behind introduction of the new regulations? A. Reserve bank of India’s guidelines for the wealth management industry prohibit banks from offering discretionary wealth management services to their customers, wherein a portfolio manager independently manages funds of individual customers and takes their investment decisions. The discretionary portfolio management service also includes portfolios broadly directed by the customer, or those wherein the customer gives a negative list of investment products at the time of opening the account so that the fund manager ensures that such investment products are not included in the portfolio. In case of non-discretionary services, the RBI allows banks to work through a separately identifiable department or division (SIDD) or a subsidiary. Such a subsidiary or SIDD would require to be registered with market regulator Securities and Exchange Board of India (SEBI) and comply with SEBI guidelines on providing these services, including the code of conduct, if any. There should be an arm’s length relationship between the bank and the subsidiary if the latter is offering wealth management services, the central bank said. RBI has also stated that bank employees involved in marketing or sales of third-party products should not be given any direct incentives in cash or non-cash form linked to their performance to avoid mis-selling of products...
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...concerned about the products of the company and their position in the market. The Mutual fund is one of them who are performing their works very effectively. As we are the students of BBA department, we have to learn about the mutual fund investment system analysis of a firm. That’s why we have decided to analysis on mutual fund that renown in the world. 1.1 Origin of the Report This report is a part of “Investment Management” course under the BBA curriculum. As we are the students of BBA department, we have to learn about the financial system analysis of financial firms. That’s why we have decided to analysis on mutual fund. 1.2 Objectives • To improve our knowledge • To make us experienced • To develop our skill. • To provide brief information about our analysis 1.3 Problem and Purpose 1.3.1 Problem Statement This report seeks to address the following requirement: “To study about the mutual fund, its overall process analysis followed by firm. 1.3.2 Purpose of the Report The objective of the report is- “To acquire the practical knowledge of Mutual fund analysis followed by the firm. 1.4 Scope and Limitation 1.4.1 Scope This paper includes financial system in Bangladesh. Then Structure of Financial System, History of Bangladesh Capital Market, mutual funds, types of mutual fund schemes, set up of mutual fund, invest in mutual fund and rights of a mutual funds holder. • Our time was short • We are not experienced ...
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...EQUITY DIVERSIFIED MUTUAL FUNDS V/s DIRECT EQUITY: A comparative study Submitted in Partial Fulfillment for the Degree of Bachelor of Business Studies By Akshat Jain (Roll No. – 08/BBS/7160 Batch: 2008-2011 ) To DEEN DAYAL UPADHYAYA COLLEGE University of Delhi Shivaji Marg, Karampura New Delhi-110015 | | | ACKNOWLEDGEMENT Encouragement motivates a person towards one’s aim while guidance helps one to achieve it. Both encouragement and guidance take one towards success in one’s works. It would be difficult and almost impossible to achieve excellence without the blessings of God above and of elders. I convey my heartfelt affection and accord my deep sense of gratitude to Dr. Deepa Kamra, Faculty Guide for inspiring guidance, constructive criticism, unlimited interest and innovative ideas throughout the pursue of this manuscript. Akshat Jain DECLARATION I Akshat Jain have completed the Summer Training Project titled “EQUITY DIVERSIFIED MUTUAL FUNDS V/S DIRECT EQUITY” under the guidance of Dr. Deepa Kamra in the partial fulfillment of the requirement for the award of degree of Bachelor of Business Studies from Deen Dayal Upadhyaya College, Delhi University. This is an original piece of work & I have neither copied and nor submitted it earlier elsewhere. Akshat Jain Certificate from Internal Guide ...
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...A job at S&S Air Chapter Case Click Link Below To Buy: http://hwaid.com/shop/a-job-at-ss-air-chapter-case/ You recently graduated from college, and your job search led you to S&S Air. Because you felt the company's business was taking off, you accepted a job offer. The first day on the job, while you were finishing your employment paperwork, Chris Guthrie, who works in finance, stops by to inform you about the company's 401(k) plan. A 401(k) plan is a retirement plan offered by many companies. Such plans are tax-deferred savings vehicles, meaning that any deposits you make into the plan are dedicated from your current pre-tax income, so no current taxes are paid on the money. For example, assume your salary will be $30,000 per year. If you combine $1,500 to the 401(k) plan, you will pay taxes on only $28,500 in income. No taxes will be due on any capital gains or plan income while you are invested in the plan, but you will pay taxes when you withdraw the money at retirement. You can contribute up to 15 percent of your salary plan. As is common , S&S also has a 5 percent match program. This means that the company will match your contributions dollar-for-dollar up to five percent of your salary, but you must contribute to get the match. The 401(k) plan has several options for investments, most of which are mutual funds. A mutual fund is a portfolio of assets. When you purchase shares in a mutual fund, you are actually purchasing partial ownership of the fund's...
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...CaseCase Study on FEMA RBI slapped Rs.125 crore on Reliance Infrastructure: The Reserve Bank of India (RBI) has asked the Anil Dhirubhai Ambani Group firm, Reliance Infrastructure (earlier, Reliance Energy), to pay just under Rs 125 crore as compounding fees for parking its foreign loan proceeds worth $300 million with its mutual fund in India for 315 days, and then repatriating the money abroad to a joint venture company. These actions, according to an RBI order, violated various provisions of the Foreign Exchange Management Act (FEMA). In its order, RBI said Reliance Energy raised a $360-million ECB on July 25, 2006, for investment in infrastructure projects in India. The ECB proceeds were drawn down on November 15, 2006, and temporarily parked overseas in liquid assets. On April 26, 2007, Reliance Energy repatriated the ECB proceeds worth $300 million to India while the balance remained abroad in liquid assets. It then invested these funds in Reliance Mutual Fund Growth Option and Reliance Floating Rate Fund Growth Option on April 26, 2007. On the following day, i.e., on April 27 2007, the entire money was withdrawn and invested in Reliance Fixed Horizon Fund III Annual Plan series V. On March 5, 2008, Reliance Energy repatriated $500 million (which included the ECB proceeds repatriated on April 26, 2007, and invested in capital market instruments) for investment in capital of an overseas joint venture called Gourock Ventures based in British Virgin Islands. RBI...
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