attrition rate is about 35 per cent in the first year of recruitment. This goes down to about 18 per cent by the fourth year. Most of those who drop out are non-performers". Agrees Mr Rahul Sinha‚ Vice-President (Marketing) at Kotak Mahindra Old Mutual Life Insurance Company‚ and says‚ "Last year‚ the attrition rate was much worse than 30 per cent. It has been a cause for worry and we are trying our best to stem
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on a rate of return of 6% or more d. base your calculations on a conservative rate of return of 6% or less a year 3. Which of the following best describes dollar-cost averaging? a. The process of investing an average of a dollar a day in a stock mutual fund b. Investing an increasing dollar amount each month of the year c. Timing the market so that you buy more when share prices drop d. Investing a set dollar amount at regular intervals throughout the year 4. A brand-new car depreciates by what
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it would be extremely difficult to beat the market on a sustained basis. William H. (Bill) Miller III‚ a mutual fund manager of Baltimore‚ Maryland – based Legg Mason‚ seemed to defy such theories while managing Legg Mason’s $11.2 billion Value Trust. Miller and Value Trust outperformed the S&P 500 for 14 consecutive years‚ the longest success streak for any portfolio manager in the mutual-fund industry. Proponents of academic theory have explained this extraordinary success as luck‚ meanwhile others
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analyst‚ you have developed the following return forecasts and risk estimates for two different stock mutual funds (Fund T and Fund U): Forecasted Return CAPM Beta Fund T 9.0% 1.20 Fund U 10.0% 0.80 a. If the risk-free rate is 3.9 percent and the expected market risk premium (i.e. E( RM) - RFR) is 6.1 percent‚ calculate the expected return for each mutual fund according to the CAPM. b. b. Using the estimated expected returns from Part a along with your
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options seek to achieve superior returns (like equity)‚ but with corresponding higher risk. Other provide safety (like PPF) but at the expense of liquidity and growth. Other options such as FDs offer safety and liquidity‚ but at the cost of return. Mutual funds seek to combine the advantages of investing in arch of these alternatives while dispensing with the shortcomings.Indian stock market is semi-efficient by nature and‚ is considered as one of the most respected stock markets‚ where information
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business philosophy. Vanguard is committed to a philosophy of cost minimization and high-quality service to its clients-shareholders. Vanguard offers its services on an at-cost basis because the company is owned by the mutual funds it distributes‚ or indirectly by investors in those mutual funds. Minimizing costs for Vanguard translates into maximizing profits for its shareholders and clients. Providing high-quality services aims at guaranteeing client satisfaction. Vanguard’s success is largely attributable
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• Infiniti – 7th out of 27 among mutual funds in March 2006 (from 10th) • Middle and high income population growing at 10% p.a. in decade to 2005 • 20.9% growth in real disposable income of middle class households in 1999-2003 • New fund offers raising more than 15‚000 crore in Q ending 31-Mar-06 • Compared to industry‚ Infiniti also had a lower level of AUM under equity funds‚ though share of private sector in mutual fund industry was increasing (Fig2) • Over 5 years to 2010‚ working population
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management tool * product life cycle * media plan * test marketing * export pricing * role of small scale industries in developing nation * role of SIDBI * role of EXLM bank * study of financial institute * mutual fund * Privatization insurance‚ road‚ ports etc. * waste management * trade union movement in India * labour welfare scheme * working capital management * cash management / fund management * importance of budget
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PMT =? If FV (annuity due)=$110`000‚ PMT=? If FV of Ordinary annuity=$110`000‚ i=9%‚ n=16‚ FV interest factor=33‚003; PMT=? 10. PV=$2300‚ i=7%‚ n=14 (when Chad enters college)‚ FV factor= 2‚579‚ How much will Tisha`s Great Basin Balanced Mutual Fund shared be worth‚ FV=? FV=PV*FV factor. FV=$2300*2‚579= $5931‚7 PV=$2300‚ i=7%‚ n=16 (when Haley turns to 18)‚ FV factor= 2‚952; FV=? FV=$2300*2‚952=$6789‚6 PV=$2300‚ i=9%‚ n=37 (when Tisha retires at 67)‚ FV factor= 24‚253‚ FV=? FV=$2300*24
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share of the index fund is $175‚ whereas the price per share of the Internet fund is $208. The average annual return during the last 3 years for the index fund has been 17%‚ and for the Internet stock fund it has been 28%. She anticipates that both mutual funds will realize the same average returns for the coming year that they have in the recent past; however‚ at the end of the year she is likely to re-evaluate her investment strategy anyway. Thus‚ she wants to develop an investment strategy that
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