Mutual Fund Case Study
1.2.4 MUTUAL FUND SET UP
A mutual fund is set up in the form of a trust, which has sponsor, trustees, asset Management Company (AMC) and custodian. The trust is established by a sponsor or more than one sponsor who is like promoter of a company. The trustees of the mutual fund hold its property for the benefit of the unit holders. Asset Management Company (AMC) approved by SEBI manages the funds by making investments in various types of securities. Custodian, who is registered with SEBI, holds the securities of various schemes of the fund in its custody. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of SEBI Regulations by the mutual fund.
SEBI Regulations require that at least two thirds of the directors of trustee company or board of trustees must be independent i.e. they should not be associated with the sponsors. Also, 50% of the directors of AMC
…show more content…
In simple words, Net Asset Value is the market value of the securities held by the scheme. Since market value of securities changes every day, NAV of a scheme also varies on day to day basis. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date. For example, if the market value of securities of a mutual fund scheme is Rs 200 lakhs and the mutual fund has issued 10 lakhs units of Rs. 10 each to the investors, then the NAV per unit of the fund is Rs.20. NAV is required to be disclosed by the mutual funds on a regular basis - daily or weekly - depending on the type of scheme.
1.2.7 HOW DO INVESTORS CHOOSE BETWEEN
Hrm/531 Week 2 Assignment
350 Words | 2 PagesOften many choices can be communicated and order to make a decision and avoid judgment (Weber & Johnson,
Morningside LLC Case Study
270 Words | 2 PagesNot much is revealed about Lewis' background prior to working for Morningside LLC. In the 90's he got a job at LLC working as a building manager for Frank and Sam Morris. Sam Morris eventually hired him set solve problems for him by setting fires in certain buildings. These buildings were either were torched for one of two reasons. One reason was the buildings were owned by Sam and he wanted to get rid a problem (rent strikes, illegal tenants, drug dealers).
Financial Analysis Of Macy's
1606 Words | 7 PagesThe estimates of fair value of reporting units are based on the best information available as of the date of the assessment. If the carrying value of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to such excess, limited to the total amount of goodwill allocated to the reporting unit. If the carrying value of an individual indefinite-lived intangible asset exceeds its fair value, such
Overview Of William S. Henderson & Co.
1141 Words | 5 PagesThe company was founded in the year of 1837 in Quebec Canada by William Henderson. It is controlled by the Selfridges Group with its chairman W. Galen Weston. William was an Irish born individual who started to run his own store called William Ashton & Co which was later changed to the name of William S. Henderson & Co. The business started out as a small single shop that slowly progressed to bigger retail locations. Henderson later sold his store to his brother John as the name again went into revision in 1862 to John Henderson & Co.
Uninsured Issues
1185 Words | 5 PagesIn close participation with the Treasury and Labor Departments, CMS executes procurements on the protection change as to the 1996 Health Insurance Portability and Accountability Act (Booske et al., 2005). The Social Security Administration is responsible for determination of Medicare qualification and Medicare premium installments. The Chief CMS Actuary is responsible for giving expense projections and bookkeeping data to the Medicare Board of Trustees while helping them in the evaluation of the accounts circulated for the wellbeing a portion of the system. On yearly premise, the Board issues reports giving pertinent information on the monetary situation of the Medicare Trust Funds (Booske et al., 2005).
Case Study Wells Fargo
476 Words | 2 PagesWells Fargo’s “Gutless Leadership” Wells Fargo is one of the largest banks in the United States, with “…more than 8,600 locations [and] 13,000 ATMs” (Wells Fargo Today). Millions of Americans trust them with their finances. However, after a federal investigation, Wells Fargo has admitted to opening up to two million accounts without customers’ permission. While this had financial implications for many customers, this scandal most heavily affected Wells Fargo’s low-level employees.
Essay On Fiduciary Duty
1765 Words | 8 PagesFiduciary duty: A fiduciary duty is a legal obligation to act in the best interest of a client or broader corporate entity. It sets the expectation that directors and officers place the interests of the firm over their personal interests. Business judgment rule: The business judgment rule lays out two requirements for directors and officers: that they uphold the duty of care and the duty of loyalty.
Chick Fil A Essay
1591 Words | 7 PagesFourth, it has a private, family-controlled ownership structure and its management philosophy was based on biblical principles (Hitt, Ireland, & Hoshisson, 2015). On its website, as part of its expansion plan, CFA invites the public to submit proposal for real estate site for its franchisees, calling attention to the separation of the franchisee selection process from the real estate site selection process (“Real Estate,”
Preference Utilitarianism Theory Analysis
1225 Words | 5 PagesIn using the theory of preference utilitarianism, making decisions is much simpler. One does
Tabung Haji Case Study
2223 Words | 9 Pages3.2 Tabung Haji Tabung Haji or Lembaga Tabung Haji is the Malaysian hajj pilgrims fund board. It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles.
Buffett Case Study
1327 Words | 6 PagesQ3. How much value, if any, does Buffett derive from the credit agreement? There are two parts of the credit agreement, the 8-year term loan and the penny warrants. The $400 million term loan accompanying with a $45 million revolving credit facility will give Buffett a chance to earn at an interest rate of 10.5%.
Aaron Salomon Case Study
1852 Words | 8 PagesAaron Salomon was successful leather merchant that specializes in the manufacture of leather shoes, for many years ran his job as a trader and sole. At the time, it was a legal requirement for inclusion at least seven people participate as members, partners of the company. Mr. Salomon, CEO himself. Mr. Solomon owned 20,001 of the 20,007 shares of the company - with the participation of the remaining six individually among six shareholders (wife, daughter and four sons).
Essay On Importance Of Financial Management
812 Words | 4 Pages• Accomplishment of funds Financial management involves the accomplishment of required fund to the business organization. Accomplishing needed funds play a major part of the financial management in an organization which involve possible source of finance at minimum cost. • Proper Use of Funds Financial management systems help to proper use and allocation of funds which leads to improve the operational activity of the business organization. If the funds use properly, so it helps to reduce the cost of capital and maximizing the value of the firm. • Financial
Role Of Corporate Governance In Nestle
1346 Words | 6 PagesAs stated in Principle 1, The Board of Directors directs the Group’s risk assessment, strategic planning, succession planning and financial and operational management to ensure that obligations to shareholders and other stakeholders are understood and met. The board of directors has a collective responsibility for the management of the group to make sure the group is on the way to approach to their objectives while the non-Executive Directors are responsible for bringing independent judgment and scrutiny to decisions taken by the Board of Directors and providing objective challenges to management. Besides, the board of directors also function as formalising and adopting a set of Code of Ethics through the Code of Conduct as Recommendation 1.3 as stated in the Malaysian Code on Corporate Governance 2012 to make sure its compliance, establishing an appropriate set of corporate disclosure policies and procedures and ensuring a whistleblowing mechanism is in place. The Board of Directors recognizes the importance of independence and objectivity in its decision making process. The Directors are professionals of high calibre and integrity and possess in-depth knowledge and experience of the business to enable them to discharge their duties effectively.
More about Mutual Fund Case Study
Hrm/531 Week 2 Assignment
350 Words | 2 PagesMorningside LLC Case Study
270 Words | 2 PagesDbq Great Depression
590 Words | 3 PagesFinancial Analysis Of Macy's
1606 Words | 7 PagesOverview Of William S. Henderson & Co.
1141 Words | 5 PagesUninsured Issues
1185 Words | 5 PagesCase Study Wells Fargo
476 Words | 2 PagesEssay On Fiduciary Duty
1765 Words | 8 PagesChick Fil A Essay
1591 Words | 7 PagesPreference Utilitarianism Theory Analysis
1225 Words | 5 PagesTabung Haji Case Study
2223 Words | 9 PagesBuffett Case Study
1327 Words | 6 PagesAaron Salomon Case Study
1852 Words | 8 PagesEssay On Importance Of Financial Management
812 Words | 4 PagesRole Of Corporate Governance In Nestle
1346 Words | 6 Pages