Professional Documents
Culture Documents
Prepared By:-
- Chanakya
Graphical data presentation Statistical Tools Research findings Recommendations Conclusion References
In this life, always, everywhere, it is the rich who power bear, Wealth is at the root, its clear, even of the kings dominion - The Hitopadesa
- Chanakya
Research Objectives:
Primary Objective: To know the role of financial advisors in creating wealth for investors for Gandhinagar District. Secondary Objectives:
To study the perception of financial advisors about different investment options available in the market.
To know priority level between different criteria of investment like safety level, retunes, liquidity, tax benefit, maturity of investment. To study about different type of services provided by financial advisors to their clients.
First, wealth is difficult to obtain, then guarding it is then a strain, Losing it is a bit like death, its better not to think of it - The Hitopadesa
- Chanakya
Scope of the study: 1) This report is conducted for Gandhinagar district only. 2)This report is on basis of financial advisors not investors. Sampling Design:
Sampling Method: convenient sampling method. Sample size: 150 Sampling Frame: Gandhinagar, Kadi, Kalol, Dahegam, and Manasa
Time period: 2 months (from 15th may, 2011 to 15th July, 2011) Data collection: Primary Data:- Questionnaire Secondary Data:- Internet, Magazines, Newspaper, Periodicals and Fact sheets of different AMCs and NJ India Invest.
Money is troublesome to earn And more troublesome to guard. Getting it or spending it, brings unhappiness. Money is a curse - Panchatantra
- Chanakya
Limitations of Study: As sampling technique is convenient sampling so it may result in personal bias and even respondents may give bias answer. This research reflects the role of financial advisors in creating wealth for investors in Gandhinagar district only. It cannot be generalized for other cities/districts. This project has mostly catered to the advisor of LIC and not of other insurance companies. Insufficient knowledge of every kind of investment sometimes sticks a respondent at particular answer, which inversely affect towards the objective of study.
After creating wealth , turn your attention to charity and integrity. Wealth is like us. Transitory perishable in a moment - Chanakya
- Chanakya
NJ FUNDZ NETWORK
A division of NJ IndiaInvest Pvt. Ltd., one of the leading advisors & distributors of financial products & services in India. NJ, established in 1994, has rich experience in the concerned domain Current Strength
Head Office : No. of Branches :No. of Certified Advisors :No. of Client Through Partners :Assets Under Advice :No Of Employees :-
Largest Mutual Fund Distributor across India in terms of Retail Mutual Fund Business.
In this life, always, everywhere, it is the rich who power bear, Wealth is at the root, its clear, even of the kings dominion - The Hitopadesa
- Chanakya
My project work is to meet Financial Advisor such as Insurance Agents, Mutual Fund Advisor, Broker, Tax Planner, and Charted Accountant and convince them towards to sell Mutual Fund under NJ Fundz. In simple my target is to search Financial Advisor and convert them in to NJ Partner. To convert Financial Advisors in to NJ Partner we held 3 BOP (Business Opportunity Programme on Mutual Fund) at our Gandhinagar Branch. These programmes were conducted by Mr. Raviraj Khatri, Senior sales-executive, NJ India Invest.
There is nothing in this world that wealth cannot accomplish, So let the sole aim of men be, making money -Panchtantra Wealth is unmatched beauty, wealth is auspicious, wealth is bursting youth, wealth is life itself
- Chanakya
- Chanakya
years of age.
Massive Infrastructure Spending- Development of Roads, Ports, Telecom
- Chanakya
* Source: AMFI, CBDT, RBI, SEBI, NSDL, CDSL Dataworks Survey 2010
Wealth gives in life a mighty stature, with it one is both strong and wise - The Hitopadesa
- Chanakya
Investors Looking for Products with following Features Excellent Returns that can beat Inflation Liquidity of the money Tax Efficient Returns Tax Deduction benefits under Section 80 C Professionally Managed Transparent Easily Understood Looking for products which help in Wealth Creation in long term Low Cost
Prosperity will leave those who are satisfied with the wealth they have - Chanakya
- Chanakya
PROFILE OF RESPONDENTS
Mutua l Fund Adviso r 6%
CLIENTS RELATIONSHIP
Less than 200 15%
Broker 21%
Wealth on her own accord seeks as home a man of mettle, brave, prompt and expedient, firm in friendships and unfazed by misfortune - Panchtantra
- Chanakya
EXPERIENCE
1 year to 3 years 13% 3 years to 5 years 10% 5 years to 7 years 30%
MONTHLY INCOME
72 33 20
25
Rs. Rs. Rs. More 10000 to 20000 to 30000 to than Rs. Rs. Rs. Rs. 40000 20000 30000 40000
Nothing in this world there is that wealth cannot accomplish, So let the sole aim of men be, making money - Panchtantra
- Chanakya
PRODUCTS PREFERED BY CLIENTS 93 72 52 18 21
Others, 41
Savings A/c Post-office NSC Share/Debent Fix Deposit Public Statutory Insurance Gold/Silver Mutual Fund Real Estates
Wealth accumulated through illegal or unethical means lasts for ten years. In the eleventh year it is completely lost - Chanakya
- Chanakya
U/S 80 C AVENUES USE BY FIA TO CREATE 80 72 WEALTH 70 56 60 50 40 30 22 20 10 0 0 0 0 0
77
33
12 3
23
Virtues and pleasures are depend on wealth. Wealth enriches and enhances life - Chanakya
- Chanakya
51
41
46
73 53
56
42
42
11
- Chanakya
H1: variation in mean Monthly Income of Financial Advisors is due to years of experience in financial advisory business Table value of F for V1 = 3 & V2 = 9 at 5% significant level is 3.86
- Chanakya
Rank Correlation between Risk and Return for various financial products: R is 0.943 so it indicates highly positive correlation between Risk and Return for various financial products. Two way correlation between monthly income and years of experience in financial advisory business
There is a perfect or highly positive correlation between monthly income of financial advisors and years of experience in industry
Correlation and ANOVA between monthly income and years of experience in financial advisory business give opposite results ANOVA gives more reliable result because experience is not only one factor which affects monthly income.
Where does it come? Where does it go? It is impossible to figure our wealths path - Chanakya
- Chanakya
Real Estates
Mutual Funds PMS Fix Deposits
30.937
47.12 25.48 59.03
9.488
3.84 3.84 3.84
H1
H1 H1 H1
There is significant difference between Risk and Return for all four products Risk and Return for all produsts are dependent
If you are satisfied with whatever wealth you have and consider it as large as a treasure trove, Then you already have all you deserve and will get no more - Hitopdesa
- Chanakya
Weakness: Less awareness about mutual fund in market Low advertising Focus only on urban segments Sales promotion is not effective
Threats: Market uncertainty Consumers do not invest easily Consumer perception about NJ Funds is purely private company. Competitor develops a superior portal
- Chanakya
More than half of respondents suggest insurance to their clients Portfolio Management Service is best option because it has relatively less risk and high return. Safety-low risk is considered by clients at time of investments There are at some extent positive correlation between years of experience and monthly income of financial advisors. Most of respondents mean half consider Income as important factor to give advice to client
Wealth requires pain to acquire and in troubled times, anxiety, In affluence, it causes some strange delusion, can it really be a cause for comfort? - The Hitopadesa
- Chanakya
For Insurance Agents recommendation is to become Mutual Fund Advisor because they have great earning opportunity without much more efforts, They had secured life of their clients to through insurance, now give Mutual Fund to increase their wealth. Now-a-days people are seeking to take calculated risk and earn more with systematically. For short term investment bonds, debts, etc. and for long term investment stock, SIP (Mutual Funds), Gold, Real Estates etc. Prefer Companys Fix deposits for investment as compare to Bank Fix Deposits and Post-Saving.
In financial advisory business at initial stage you have to sustain only because,
At this stage you have less clients Public are not aware of you You have less contacts with your respective suppliers
- Chanakya
The people are basically of conservative nature and hence are very precautious about their hard earned money. Hence they would like to play it safe when it comes to spending of their money. Security and returns are the two main reasons that are taken into consideration before making an investment.
- Chanakya
Bank fixed deposits and post office savings seem to be most preferred one among the investors because it is considered to be the most secured one. Shares and mutual funds were considered to be very risky and hence that seemed to be the last choice of the general mass. Amongst mutual fund and shares people preferred shares because the possessed complete knowledge about the shares but had very little knowledge about the mutual fund industry.
Where does it come? Where does it go? It is impossible to figure our wealths path - Chanakya
- Chanakya
Bhalia V.K., 2004, Investment Manafement Eleventh Edition ,New Delhi, Sultan chand & company ltd. Prasanna Chandra, 2009, Investment Analysis and Portfolio Management, Third Edition, New Delhi, Tata McGraw-Hill Publishing company ltd. H.R.Ramanath, Research Methodology and Operation Research, Bombay/New Delhi/Ahmedabad, Himalaya Publishing House
Websites References
http://www.pwc.com/gx/en/financial-services/pdf/pwc_ma_india.pdf www.nseindia.com www.moneycontrol.com www.njfundz.com http://www.itrust.in/ http://www.itrust.in/content/tax-planning/How-Can-I-Save-Taxes-This-Year-India http://www.itrust.in/content/mutual-funds/mutual-funds-process-of-investing http://www.itrust.in/content/mutual-funds/mutual-funds-and-taxes-in-india http://www.itrust.in/content/mutual-funds/mutual-funds-fivetips http://www.itrust.in/fixed-deposit.action http://www.wealthcareindia.com/fixed_deposit.htm http://faculty.ed.umuc.edu/.../A%20Chi%20Square%20Test%20for%20Goodness%20of%20Fit www.dpo.uab.edu/~guswatte/py214/lectures/ch14_factorialANOVA www.swlearning.com/finance/ehrhardt/focused/sg03 www.posterous.com/getfile/files.posterous.com/.../SWOT_Analysis www.altadynamics.com/.../Porter%205%20forces%20analysis
- Chanakya