Baby Quotes That Make All the Labor Pain Worth It

A baby in the house does make its presence felt. Its shrill cries, drooling mouth, smelly diapers, and gurgling laughter, can give any mother a feeling of ecstasy. There is no greater joy than watching a baby. A baby can make melt even the toughest heart. What makes a baby tug at our heartstrings? A baby has only one description. Cute! Babies make the cutest pictures. You can’t blame the newborn’s parents for suddenly metamorphosing into shutterbugs the moment they see their tiny tot smile, laugh or gurgle at them. You can’t help but notice  the innumerable baby pictures hanging on the walls of a pediatric hospital. When I was preparing for the birth of my first child, I was inundated with cute baby pictures cluttering my email box. It does not matter if this is your first baby or your fifth. Each baby brings its own share of pleasant surprises (and unpleasant ones) into your life. If you are expecting a baby, read some of these cute baby quotes to make that 1000-watt smile  brighter. Some of these baby quotes are so very true-to-life that you will find yourself completely agreeing with them. If one of your loved ones has just set out on the journey of parenthood, make their baby showers special with unique baby shower sayings. But if you’d rather stay out of all this baby fuss, just read and enjoy witty baby quotes in this collection. Mark TwainA baby is an inestimable blessing and bother.Tina BrownHaving a baby is like falling in love again, both with your husband and your child.BarrettoBabies are bits of stardust, blown from the hand of God.Eleanor RooseveltI think, at a childs birth, if a mother could ask a fairy godmother to endow it with the most useful gift, that gift would be curiosity.Louisa May AlcottFather asked us, What was Gods noblest work? Anna said, Men, but I said Babies. Men are often bad, but babies never are.Henry David ThoreauEvery child begins the world again.Charles DickensEvery baby born into the world is a finer one than the last.Kate Douglas WigginEvery child born into the world is a new thought of God, an ever-fresh and radiant possibility.Milton BerleIf evolution really works, how come mothers only have two hands?Robert OrbenI always wondered why babies spend so much time sucking their thumbs. Then I tasted baby food.Ronald KnoxA baby is a loud noise at one end and no sense of responsibi lity at the other.br/>Jayne MansfieldCarrying a baby is the most rewarding experience a woman can enjoy.Natalie WoodThe only time a woman really succeeds in changing a man is when he is a baby.T. S. EliotIf you desire to drain to the dregs the fullest cup of scorn and hatred that a fellow human being can pour out for you, let a young mother hear you call dear baby it.William BlakeI have no name: I am but two days old. What shall I call thee? I happy am, Joy is my name. Sweet joy befall thee!Mark TwainMy mother had a great deal of trouble with me, but I think she enjoyed it.

Globalization Has Destroyed the Middle Class - 907 Words

â€Å"Without warning, they left us broke, sealed out, and jobless† (Edwards). These are the words from Gregg Davis, a former Oshawa workman, after he received notice his job was being relocated to Nashville, Tennessee. Gregg Davis worked for IQT Solutions, a call-center company based in Oshawa, Ontario. Along with 600 other people, Gregg Davis was left jobless after his job was outsourced to Nashville, Tennessee in a desperate attempt to save the company money. Today, thousands of American workers are also waking up to the stunning situation of unemployment as the result of their jobs being outsourced to foreign countries. This outsourcing phenomenon has been fueled by the recent trends in globalization, with the hope to cut cost and†¦show more content†¦Unlike previous years of solely trading goods, the WTO allowed for trade to consist of property and services among different countries. Countries could now be globalized in all goods their country didn’t have through the use of free trade. The process of trading was revolutionized by new developments in technology as more and more countries began to trade. Technology has made the world a smaller place. Recent innovations in jets, satellites, and computers have made communication across the globe faster. People are now able to travel to any destination they want in less than a day, so why can’t businesses travel as well? Globalization intends to answer that question. New technology has increased worldwide trade and investment by allowing more companies to trade at a faster rate. Thomas Friedman considers globalization to be â€Å"farther, faster, cheaper, and deeper than ever before† (9). Multinational corporations that have entered globalization can now trade their business wherever labor is the cheapest. With the addition of China into the globalization world, the world supply of labor far exceeds the demand. With several billion new workers in the global supply of labor, companies may shop for labor and relocate to wherever it is the cheapest. Laborers in foreign countries are willing do the same work that a high paid employee would do for less. If American corporations are to compete in the new global economy, they will have toShow MoreRelatedGlobalization Has Destroyed the Middle Class Essay2251 Words   |  10 Pagesintertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. Globalization is the ‘international integration† or ‘de-bordering’ – â€Å"a number of highly disparate observations whose regular common denominator is the determination of a profound transformation of the traditional nation-state† (Von Bogdandy 2). 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Investigation Into Mutual Funds In India Finance Essay - Free Essay Example

Sample details Pages: 15 Words: 4358 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? India is the fastest growing market for mutual funds since 2004 with a CAGR of 29% in the 5-year period from 2004 to 2008 as against the global average of 4 %. The increase in revenue and profitability however has not been proportionate with the AUM growth in the last 5 years. Low share of global assets under management, low penetration levels, limited share of mutual funds in the household financial savings the climbing growth rates in the last few years are amongst the highest in the world. Don’t waste time! Our writers will create an original "Investigation Into Mutual Funds In India Finance Essay" essay for you Create order FUTURE OUTLOOK IN A DYNAMIC ENVIRONMENT According to KPMG India the industry AUM is likely to grow at 15 to 25% from the period 2010 to 2015 based on the pace of the economic growth. In case of a quick economic recovery +ve reinforcement of growth drivers identified, KPMG has a view that the Indian mutual fund industry will grow at the rate of 22 to 25% in the period from 2010 to 2015, resulting in AUM of INR 16,000 to 18,000 billion in 2015. In case of a relatively slower economic revival, KPMG is of the view that the Indian mutual fund industry may grow in the range of 15 to 18 % in the period from 2010 to 2015, resulting in AUM of INR 15000 to 17000 billion in 2015. MUTUAL FUND INTRODUCTION A mutual fund is a form of collective investment that group money from many investors and invests the money in bonds, stocks, short-term money-market instruments other securities. This investment vehicle is pooling money from the common man is diversifying into other investment opportunities. The mutual funds are managed by Financial institutions or the companies. In India they are regulated by Institutions such as Asset Management Companies. Professionals are hired in these companies for evaluating the Balance Sheet and P L accounts of different companies .This is done to know the performance of companies to know which will succeed in the near future. This will bring high returns to the investment. Mutual Funds are invested in more subtle companies that have a steady growth rate are not much affected by the share market. Investments are not only made in equities, debentures which are directly interrelated to the bullish bearish trends of the market. This is the advantage of mutual funds over banks allows investors other options to invest in safe, low risk companies. The investors can invest in different schemes of one fund or in altogether different mutual funds can build their own investment portfolio. The flow chart describes broadly the working of a mutual fund: TYPES OF MUTUAL FUNDS EQUITY ORIENTED SCHEMES (Growth Schemes) These schemes invest a majority of their funds in equities and a small portion in money market instruments. Such schemes have the potential of delivering superior returns in long run. But in the short term, these schemes are exposed to fluctuations in value because they invest in equities. Equity schemes are hence not suitable for investors seeking regular income or want to use their investments in the short term. They are ideal for investors who have a long term investment prospect. These schemes include: General purpose Sector specific Index schemes Sector schemes Tax saving schemes Real estate funds DEBT BASED SCHEME (Income Schemes) According to it, investment is done in debt securities such as corporate bonds, debentures and government securities. The prices of these schemes tend to be more stable compared with the equity schemes and most of the returns to the investors are generated through dividends or steady capital appreciation. These schemes are ideal for retired or conservative investors who do not prefer to take higher equity risks. Income Schemes Money Market Schemes Gilt Fund HYBRID SCHEMES These schemes are commonly known as balanced schemes. These schemes invest in both Equity as well as Debt. By investing in such a scheme, balanced schemes are formed which fulfils the objective of income also moderate capital appreciation. These are ideal for investors with a conservative long term orientation. AS PER CONSTITUTION OPEN -ENDED MUTUAL FUNDS An open-ended fund does not have a fixed maturity period. On any business day, investors can buy or sell units from and to the mutual fund at NAV-related prices. These schemes have unlimited capitalization with no limit on the amount one can buy from the fund. And thus, the unit capital can keep growing. Generally these funds are not listed on any exchange. CLOSE-ENDED MUTUAL FUNDS Close-ended schemes have fixed maturity periods. Investors can buy these funds when these funds are open in the initial issue after that they cannot issue new units except in case of rights issues or bonus. But after the initial issue, one can buy or sell the units of the scheme on the stock exchanges where they are listed. The market price of the units could vary from the NAV of the scheme due to demand and supply factors, investors expectations and other market factors. INTERVAL SCHEME These schemes combine the features of open-ended and close-ended schemes. They can be traded on the stock exchange or can be open for sale or redemption during pre-determined intervals at NAV based prices. AN OVERVIEW OF THE INDUSTRY INDIAN CONTEXT The Indian mutual fund industry has evolved from a single player monopoly in 1963 to a fast growing, competitive market on the back of a strong regulatory framework. The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and the Reserve Bank of India. The mutual funds history in India can be broadly classified into 4 distinct phases. First Phase 1964-87 Second Phase 1987-1993 (Entry of Public Sector Funds) Third Phase 1993-2003 (Entry of Private Sector Funds) Fourth Phase since February 2003 AUM Growth The Assets under Management (AUM) have grown at a rapid pace over the past few years, at a CAGR of 35 percent for the five-year period from 31 March 2005 to 31 March 2009. Over the 10-year period from 1999 to 2009 industry grew at 22 percent CAGR encompassing varied economic cycles. This growth was despite 2 falls in the AUM the first being after the year 2001 due to the dotcom bubble burst, and the second in 2008 consequent to the global economic crisis (the first fall in AUM in March 2003 arising from the UTI split). Growth in AUM in the Indian Mutual Fund Industry (Average AUM in INR) Billion) AUM Base and Growth Relative to the Global Industry India has been amongst the fastest growing markets for mutual funds. In the five-year period from 2004 to 2008 (as of December) the Indian mutual fund industry grew at 29 % CAGR as against the global average of 4 %. Over this period, the mutual fund industry in mature markets like the US and France grew at 4 percent.However, despite clocking growth rates that are amongst the highest in the world, the Indian mutual fund industry continues to be a very small market, comprising 0.32 percent share of the global AUM of USD 18.97 trillion as of December 2008. AUM to GDP Ratio The ratio of AUM to Indias GDP has increased from 6 percent in 2005 to 11 percent in 2009. However despite this, it continues to be significantly lower than the ratio in developed countries, where the AUM accounts for 20-70 percent of the GDP. AUM to GDP Ratio for India Profitability The increase in revenue and profitability in the Indian mutual fund industry has not been proportionate with the AUM growth in the last 5 years. The AUM grew at 35 percent CAGR in the period from March 2005 to 2009, while the profitability of AMCs which is defined as PBT as a percentage of the AUM declined from 24 bps in FY 2004 to 14 bps in FY 2008. During FY 2004 and FY 2008, the investment management fee as a percent of average AUM was in the range of 55 to 58 bps (small increase to 64 bps in FY 2006) due to the industry focus on the underlying asset mix comprising relatively low margin products being targeted at the institutional segment. The operating expenses, as a %age of AUM, rose from 41 bps in FY 2004 to 113 bps in FY 2008 largely due to the increased spend on marketing, distribution and administrative expenses impacting AMC margins. The increasing cost pressures and declining profitability had a great impact on the entry plans of global players eyeing an Indian presence. The growth in AUM accompanied by a decline in profitability necessitates an analysis of the underlying characteristics that have a bearing on the growth profitability of the Indian mutual fund industry. Industry Structure The Indian mutual fund industry currently consists of 38 players that have been given regulatory approval by SEBI. The industry has witnessed a shift drastically in favour of private sector players, as the number of public sector players reduced from 11 in 2001 to 5 in 2009. The public sector has gradually ceded market share to the private sector. Public sector mutual funds comprise 21 percent of the AUM in 2009 as against 72 percent in 2001. Regulatory Framework The Indian mutual fund industry in terms of regulatory framework is believed to match up to the most developed markets globally. The regulator, Securities and Exchange Board of India (SEBI), has consistently introduced several regulatory measures and amendments aimed at protecting the interests of the small investor that augurs well for the long term growth of the industry. The implementation of Prevention of Money Laundering (PMLA) Rules, the latest guidelines issued in December 2008, as part of the risk management practices and procedures is expected to gain further momentum. The current Anti Money Laundering (AML) and Combating Financing of Terrorism (CFT) measures cover two main aspects of Know Your Customer (KYC) and suspicious transaction monitoring and reporting. MUTUAL FUND INVESTING STRATEGIES: Systematic Investment Plans (SIPs) SIPs require an investor to invest a fixed sum of money at regular intervals in the Mutual fund scheme he has chosen. It is best suited for young people who have started their careers and need to build their wealth. Systematic Withdrawal Plans (SWPs) An investor invests in a mutual fund scheme is allowed to withdraw a fixed sum of money at regular intervals to take care of his expenses. These plans are best suited for people nearing retirement. Systematic Transfer Plans (STPs) This plan allows the investor to transfer on a periodic basis a specified amount from one scheme to another within the same fund family ie., 2 schemes belonging to the same mutual fund. This service allows the investor to manage his investments actively to achieve his objectives. Many funds do not even charge any transaction fees for this service an added advantage for the active investor. RATE OF RETURN ON MUTUAL FUNDS:- An investor in mutual fund earns return from two sources: Income from dividend paid by the mutual fund. Capital gains by selling the units at a price higher than the acquisition price. PERFORMANCE MEASURES OF MUTUAL FUNDS: The past performance alone cannot be indicative of future performance. The present is the only quantitative way to judge how good a fund. Therefore, there the past performance of different Mutual Funds should be correctly assessed. Worldwide, good Mutual Fund companies are known by their AMCs and this fame is directly linked to their superior stock selection skills. For Mutual Funds to grow, AMCs must be held accountable for their selection of stocks. In other words, there must be some performance indicator that will reveal the quality of stock selection of various AMCs. The most important measures of performance are: Standard Deviation Beta Value The Treynors Measure The Sharpe Measure Jenson Model Fama Model Standard Deviation:- It throws light on a funds volatility in terms of rise and fall in its returns. The maximum volatility in a security is the riskiest brings about unevenness in its performance. This risk is measured by Standard deviation of a fund by measuring the degree to which the fund fluctuates in relation to its mean return. Beta Value:- Beta determines the volatility or risk of a fund in comparison to that of its index or benchmark. A fund with a beta value close to 1 means that the funds performance matches closely to the index or benchmark. A beta 1 indicates greater volatility than the overall market, and a beta 1 indicates less volatility than the benchmark. If, for example, a fund has a beta of 1.10 in relation to the Sensex, then the fund has been moving 10% more than the index. Therefore, if the Sensex has increased 15%, the fund would be expected to increase 16.5%. Treynor Ratio:- This ratio evaluates funds on the basis of Treynors Index. This Index is a ratio of return generated by the fund over and above risk free rate of return (generally taken to be the return on securities backed by the government, as there is no credit risk associated), during a given period and systematic risk associated with it (beta). It isrepresented as: Treynors Index (Ti) = (Ri Rf)/Bi. where { Ri represents return on fund, Rf is risk free rate of return Bi is beta of the fund } All risk-averse investors would like this value to be maximum. While a high positive Treynors Index specifies a better risk-adjusted performance of a fund and a low negative Treynors Index is an indication of unfavorable performance. The Sharpe Measure :- The performance of a fund is evaluated on the basis of Sharpe Ratio which is a ratio of returns generated by the fund over above risk free rate of return the total risk associated with it. The investors are concerned about the total risk of the fund. So, it evaluates funds on the basis of reward per unit of total risk. It can be written as: Sharpe Index (Si) = (Ri Rf)/Si Where { Si is standard deviation of the fund, Ri represents return on fund Rf is the risk free rate of return } A high and +ve Sharpe Ratio specifies a superior risk-adjusted performance of a fund a low and -ve Sharpe Ratio indicates unfavourable performance. Comparison of Sharpe and Treynor The total risk (Sharpe measure) is appropriate for evaluating the risk return relationship for well-diversified portfolios. the systematic risk (Treynor measure) is the relevant measure of risk for evaluating less than fully diversified portfolios or individual stocks. The total risk is equal to systematic risk for a well-diversified portfolio. Rankings based on both the risks should be identical for a well-diversified portfolio since the total risk is reduced to systematic risk. So, a poorly diversified fund that ranks higher on Treynor measure when compared with another fund that is highly diversified, will rank lower on Sharpe Measure. Jenson Model:- This measure is also known as the differential Return Method. It involves evaluation of the returns generated by the fund vs. the returns actually expected out of the fund1 given the level of its systematic risk. The surplus between the 2 returns is known as Alpha, which measures the performance of a fund compare to the actual returns over the period. Required return of a fund at a given level of risk (Bi) can be calculated as: Ri = Rf + Bi (Rm Rf) Where { Ri represents return on fund, Rm is average market return during the given period, Rf is risk free rate of return Bi is Beta deviation of the fund } After calculating it, Alpha = the actual return of the fund -required return(Ri) The superior performance of the fund is represented by higher alpha and vice versa. Limitation of this model is that it considers only systematic risk not the entire risk associated with the fund and an ordinary investor cannot mitigate unsystematic risk, as his knowledge of market is primitive. Fama Model:- It is an extension of Jenson model. This model takes the difference between the performance measured in terms of returns of a fund the required return commensurate with the total risk associated with it as a measure of the performance of the fund and is called Net Selectivity. The Net Selectivity represents the stock selection skill of the fund manager, as it is the excess returns over and above the return required to compensate for the total risk taken by the fund manager. Higher value indicates that fund manager has earned returns well above the return corresponding to the level of risk taken by him. Required return can be calculated as: Ri = Rf + Si/Sm*(Rm Rf) Where { Ri represents return on fund, Sm is standard deviation of market returns, Rm is average market return during the given period Rf is risk free rate of return } The Net Selectivity is calculated as ,actual return of the fund-required return. Among the above performance measures, two models namely, Treynor measure and Jenson model use Systematic risk is based on the premise that the Unsystematic risk is diversifiable. These models are suitable for large investors like institutional investors with high risk taking capacities as they have large funds can invest in a number of options to dilute some risks. They can spread their portfolio across a number of stocks and sectors. However, Sharpe measure and Fama model which consider the entire risk associated with funds are suitable for small investors since the ordinary investor lacks the necessary skill and resources to diversify. Moreover, fund manager will help in safeguarding the money invested to a great extent by selecting the fund on the basis of their superior stock selection ability BENEFITS OF MUTUAL FUND There are numerous benefits of investing in mutual funds and one of the key reasons for its phenomenal success in the developed markets like US and UK is the range of benefits they offer, which are unmatched by most other investment avenues. The key benefits are explained in this section. AFFORDABILITY An investor can buy in to a portfolio of equities, which would otherwise be extremely expensive. Each unit holder thus gets an exposure to these portfolios with an investment as low as Rs.500/-. This amount would get you less than quarter of an RIL share! Therefore, an investor can build a portfolio easily through a mutual fund by investing directly in the stock market. DIVERSIFICATION It simply means that you can spread your investment across different securities (stocks, bonds, money market instruments, real estate, etc.) and different sectors (auto, textile, telecommunication, information technology etc.). This kind of a diversification may add stability to ones returns, for example equities might underperform during a period of time but bonds and money market instruments might perform well enough to offset the effect of a bend in the equity markets. Similarly the telecommunication sector might be faring poorly but the auto and information technology sectors might do well and may help you meet your return objectives. VARIETY Mutual funds offer a great variety of schemes. This variety is beneficial in two ways: It offers different types of schemes to investors with different needs and risk appetites. It allows an investor to invest sums across a variety of schemes, both debt and equity. PROFESSIONAL MANAGEMENT When we buy in to a mutual fund, we are handing our money to an investment professional that has experience in making investment decisions. Therefore, it is his job to (a) find the best securities for the fund meeting the funds stated investment objectives (b) keep track of investments and changes in market conditions adjust the mix of the portfolio as and when required. TAX BENEFITS In case of Individuals and Hindu Undivided Families, a deduction unto Rs. 9,000 from the Total Income will be acceptable in respect of income from investments specified in Section 80L, including income from Units of the Mutual Fund. REGULATIONS Securities Exchange Board of India (SEBI) is the mutual funds regulator has clearly defined rules, which govern mutual funds. These rules relate to the formation, administration and management of mutual funds also set disclosure and accounting requirements. Therefore, the interest of investors is protected by such a high level of regulation. LIQUIDITY In open-ended mutual funds, all or part of the units can be redeemed at any time. Some schemes do have a lock-in period where an investor cannot return the units until the termination of such a period. CONVENIENCE An investor can conveniently purchase or sell fund units directly from a fund, through a broker or a financial planner. The investor may select a Systematic Investment Plan (SIP) or a Systematic Withdrawal Advantage Plan (SWAP). In addition to this account statements and portfolios of the schemes are send to the investor. MUTUAL FUND PLAYER IN INDIA HDFC Mutual Fund A Case Study HDFC ASSET MANAGEMENT COMPANY LTD (AMC) HDFC AMC, incorporated under the Companies Act, 1956 was approved to act as an AMC for the Mutual Fund by SEBI on July 30, 2000. As per the terms of the Investment Management Agreement, the AMC will conduct the operations of the MF manage assets of the schemes, including the schemes launched from time to time. In terms of the investment Management Agreement, HDFC Asset Management Company Ltd. is appointed to manage the Mutual Fund. The paid up capital of the AMC is Rs. 25.161 crore. HDFC Mutual Fund booked a profit of Rs 1,388 crore in 2009-10 in 1st half is at no. 2 position. As on 30 October 2009 Avg. AUM is Rs. 93315.98 cr. No. of investors is 3290456 No. of ARN certified distributors is 33659 The present equity shareholding pattern of the AMC : Particulars % of the paid up equity capital Housing Development Finance Corp. Ltd 60 Standard Life Investments Ltd 40 EQUITY SCHEMES ( some of them includes) HDFC GROWTH FUND Investment Objective The primary investment objective of this scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity equity related instruments. Basic Scheme Information Then nature of scheme Open Ended Growth scheme Inception Date September 11, 2000 Plan Dividend Option, Growth Option Exit Load (%age of the Applicable NAV) Nil Min. Application Amt. Rs 5000 in multiples of Rs 100 thereof to open an account/portfolio. Additional purchases is Rs 1000 in multiples of Rs 100 thereof. Lock In Period Nil NAV Periodicity Every Business Day Redemption Proceeds Normally despatched within 3 business days Investment pattern The quantity of the Scheme will be invested primarily in equity and equity related instruments. According to it, investment might be a part of its quantity in debt and money market instruments in order to manage its liquidity requirements from time to time under certain circumstances to protect interests of the Unit holders. The asset allocation under the Scheme will is as follows SNO. TYPE OF INSTRUMENTS NORMAL ALLOCATION (% of net asset) RISK PROFILE 1 Equities Equities related instruments 80-100 Medium high 2 Debt securities, money market instruments cash 0-100 Low medium Investment Strategy Risk Control The investment approach will be based on a set of well established flexible principles that emphasise the concept of sustainable economic earnings cash return on investment as the means of valuation of companies. The objective will be to identify businesses with superior growth prospects good management at a reasonable price. HDFC TAX SAVER Investment objective To achieve a long term growth of capital. Basic Scheme Information Nature of scheme Open Ended Equity linked saving scheme Inception Date March 31, 1996 Plan Dividend Options, Growth Options Exit Load ( % age of the Applicable NAV) Nil Min Application Amt. Rs.5000 and in multiples of Rs.100 thereof to open an account / portfolio Lock In Period 3 years NAV Periodicity Every Business Day Redemption Proceeds Normally despatched within 3 Business days Investment Pattern The asset allocation under the Scheme will IS as follows: SNO. ASSET TYPE %AGE OF PORTFOLIO RISK PROFILE 1 Equities and Equities related instruments Min 80% Medium high 2 Debt securities, cash money market instruments Min 20% Low medium Investment in Securitized debt would not exceed 20% of the net assets of the scheme. The Scheme may also invest up to 25% of net assets of the scheme in derivatives such as Futures Options other such derivative instruments introduced from time to time for the purpose of hedging portfolio. RECOMMENDATIONS TO MUTUAL FUND COMPANIES Given that customer awareness is the pre-requisite for the achievement of the industry growth potential, there is a need for planning, financing and executing initiatives aimed at increasing financial literacy and enhancing investor education across the entire country through a sustained collaborative effort across all stakeholders. Financing a Sustainable Nationwide Customer Awareness Program Promoting Financial Planning Awareness in Educational Institutions Introduction of Customer Friendly Products and Product Features Pricing Flexibility Opening Up of the Public Sector Branch Network in Tier-3 Tier-4 cities Focus on Increasing Customer Engagement Pre and Post Completion of the Investment SUMMARY There is a perceived need to review risk and performance analysis capabilities and governance structures, to meet fiduciary responsibilities and the increasing demand for transparency. AMCs therefore need to re-orient their business towards fulfilling customer needs. As customers seek trusted advisors, the manufacturer-distributor-customer relationship is expected to be centred not on the sale of products, but for collectively promoting the financial success of customers across all facets of their professional and personal lives. This requires creating a collaborative network of experts in funds management and financial advice, innovative product offerings, efficient service delivery and supporting technology. The mutual fund industry today needs to develop products to fulfil customer needs and help customers understand how its products cater to their needs. Given that the industry needs to collectively work towards riding over the dynamic and relatively less favourable economic environment at present, the next phase for the industry is likely to be characterised by a stronger focus on customer centricity. Other areas of focus are likely to be cost management and enabling strong governance and regulatory framework all aimed at helping the industry achieve sustained, profitable growth, going forward. With regards to HDFC Mutual Fund, the growth story is quite promising and the AUM under its purview is improving at a good rate. The brand equity, extensive distribution channel and investor-friendly products make it one of the most sought after investment opportunity. And, with all its commitment in line with the industry growth story and future potential, HDFC Mutual Fund is expected to hold its position firmly in the business.

Art As A Physical Form Of Creative Expression - 798 Words

Art is a physical form of creative expression in one’s unique innovative usage of resources. This procedure can be looked upon in various ways. While art may come in numerous arrangements by articulating its autonomous purpose, as it has been understood that, individuals create art to capture the attention of the audience, to make them think the tenacity behind its creation. Besides, in today’s society, art serves as a momentum. It is being created to symbolize entities and philosophies from the society. Artist Lipi is a maker of delicate looking artwork. However, the tools behind her subtle artwork in this exhibition named Tayeba Begum Lipi were razor blades, safety pins, and glossy metals. The exhibition held an assertiveness within itself. The materials she utilized tied the pieces into one framework. Her artwork signified how a precarious object can hold enormous beauty. This artist emphasizes the struggle of women through her significant artwork. Each of her pieces held a strong message towards the observers aside from astonishing visitors with its beauty. â€Å"I Do Not Wear This†, 2015 is made out of stainless-steel razor blades. The dimensions of the piece of artwork as it was seen varied from different angles. This bathing suit top appeared polished due to its material. The razor blades were embedded next to each other. Besides, they were lined up together in an arrangement which gave the piece of work a fresh exclusive look. The objective behind my selection of thisShow MoreRelated Art Therapy: Children and its Effectiveness Essay examples856 Words   |  4 Pages What is art? Art is the self-expression of someone of something that shows the hidden or underlying emotions that are found within the unconscious mind. Art has been around for centuries (â€Å"Merriam-Webster†). Normally, art would tell stories of past events which were significant to that culture. This could include things such as hunts and sacrifices to please the gods. As people and humanity started to evolve and become more civilized, art started to transform and take on a new appearance as wellRead MoreThe Relationship Between Art And Commerce1420 Words   |  6 PagesThe relationship between art and commerce has always been subject of hot discussion. Many people look at creativity as a vehicle for economic interest, while others view it as pure dedication for personal creative needs. The world as we live in today sees the creative industry, including visual and performing arts, sound recording, book publishing, and movie making, a highly commercialized global enterprise. People constantly buy and sell art products in a highly active market. Although it is difficultRead MoreGraffiti Essay1124 Words   |  5 Pages| Graffiti is Vandalism, Not Art | | | STUDENT NO: | 16 MARCH 2011 | The thread of this simple essay will centre on the controversy surrounding â€Å"graffiti art†Ã¢â‚¬â€is it art or simply vandalism. The paper will explore the true meaning of graffiti art, characteristics of common graffiti which includes a background history of its evolution in society, the different motives of artists who uses graffiti art, the conclusive facts that stem from my own point of view, and what the future holdsRead MoreInformative Essay About Dance Therapy1515 Words   |  7 Pagesimportantly to feel alive. Anyone can define dancing as whatever they would like, but how is dance useful to our lives? Whether you are a ballerina from birth or if you are newly introduced to the art of dance, everyone can dance some way, shape, or form. Dance therapy provides psychological and physical benefits. It helps connect body and mind as one giving support to become rooted and balanced. In order to be centered and grounded while moving your body, a dancer must be in tuned wi th the centerRead More Art Therapy Essay646 Words   |  3 PagesArt Therapy How does Art Therapy help in maintaining a persons health or helping them get well from a sickness?   Ã‚  Ã‚  Ã‚  Ã‚  Before finding the answer to this question it is necessary to understand the background, history, and importance of what Art Therapy is. First of all Art Therapy is a form of psychotherapy. In psychotherapy there is an exploration of feelings and concerns in nonverbal and verbal exercises that use simple visual art materials. Art therapy focuses on the creative process forRead MoreEssay on Digital vs. Traditional Art979 Words   |  4 Pagesview of art, there are no concrete or abstract forms, but only forms which are more or less convincing lies.(Wagner, par. 1) So what is art? A painted picture with lines, figures or faces that has meaning; or digitally altered shapes with meaning? Art can be any product of a creative process. Graphic Design (digital design) as a discipline has a relatively recent history, with the name graphic design first coined by William Addison Dwiggins in 1922. (Wikipedia. par. 2) Digital art is an art createdRead MoreModernism Essay1349 Words   |  6 PagesModernism is characterized by the rejection of tradition. Creatives of the Modernist era questioned what came before, looking for fresh ways to interpret familiar subjects, rejecting historical themes while searching for a means to understand and communicate the present (Medina 1995). Furthermore, Belting (2003, 17) states Modernism embraced â€Å"all the crises and schisms of the modern world†. 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Sand and art play can help children of various ages to express themselves, work on their fine motor skills, unleash their creativity, and just be kids while in the unfamiliar and potentially frightening hospital environment (CITE 1). There is evidence that helps to support the functionsRead MoreDefending the Arts Essay907 Words   |  4 PagesDefending the Arts Tiffany O’Connell ARTS/100 Defending the Arts Art refers to the expression or application of human creative skill and imagination typically in a visual form such as painting and producing works to be appreciated primarily for their beauty or emotional power. They are various branches of creative activity, such as painting, music, literature, and dance. The elements of the composition of the art are used to arrange or organize the components

Existentialism and Film Noir Free Essays

Existentialism and Film Noir Existentialism and its worldview are believed to have derived from Nietzsche’s provocative and controversial statement â€Å"God is dead†. The underlying meaning to Nietzsche’s controversial statement is that empirical natural science has replaced metaphysical explanations of the world. As a result of this, according to Nietzsche we no longer have any sense of who and what we are as human beings. We will write a custom essay sample on Existentialism and Film Noir or any similar topic only for you Order Now He concludes that no foundation exists anymore for the meaning and value of things. Nietzsche’s philosophy shines light on what film noir is. That is, an artistic response to, or recognition of, this alteration in our understanding of the world. To emphasize the existentialist attitude in film noir, various stylistic and thematic techniques are used. Common techniques or characteristics of film noir that we see in both The Maltese Falcon and The Killers include: unconventional or non-classical narrative patterns, opposition of light and shadow, disorientation of the viewer, incoherent plot lines, inversion of traditional values and its corresponding moral ambivalence, non-chronological ordering of events, and characters whose actions are not motivated or understandable in any rational way. The similarities of characteristics between existentialism and film noir are prominent; for example, Siodmak and Huston distinguish the alienation and disorientation of a post-Nietzschean world, one without transcendent meaning or value. The constant opposition of light and shadow as seen in The Maltese Falcon and The Killers, helps communicate the dark characteristics of a post-Nietzschean world. For instance, when the swede peacefully awaits his assassins, we get a sense of estrangement and lack of sense and meaning. This lack of sense and meaning is further emphasized when the room goes dark and you see him from the neck down in light, but the face is in total shadow. A sense of despair is created through this camera technique by showing that no one else is in the room, leaving him hopeless to escape. A common characteristic of film noir that we see in both The Maltese Falcon, and The Killers, is the use of unconventional or non-classical narrative patterns. The use of non-classical narrative patterns emphasizes the cynical characteristics of a post-Nietzschean world. For instance, in The Maltese Falcon, Miss Ruth Wonderly initially claims to Spade and Archer to be searching for her sister, however her true intentions were to implicate Thursby her unwanted accomplice by killing Archer. Miss Ruth Wonderly’s contemptuous behavior coincides with the pessimistic view about the nature and purpose of human life. Non-classical patterns are established through various stylistic techniques. Such as the non-chronological ordering of events, often achieved through flashbacks. An example of this technique is seen in The Killers, when flashbacks are used to tell the story leading up to Ole Andersen’s death. The use of flashbacks and complicated sometimes-incoherent plot lines, as in The Maltese Falcon, are examples of the stylistic techniques that are used in film noir to communicate the mood and sensibility. A final common technique that is used in film noir is portraying characters whose actions are not motivated or understandable in any rational way. For example, why does Miss Wonderly lie about her name and objective in the beginning of The Maltese Falcon when she is sure to get caught at some point? By portraying the characters in this manner, Huston leaves the viewer with unanswered questions, leading to the disorientation of the viewer. It has been argued that film noir cannot be defined, therefore has no essential characteristics. That being said, considering noir as a response to the death of god helps explain the commonality of elements that philosophers have recognized in noir films. Moreover, the directors of The Maltese Falcon and The Killers use of thematic and stylistic characteristics in their films make them two of the best examples of film noir. They clearly depict a world of the post-Nietzschean period in their films, that is one of despair, alienation, and paranoia, which is essentially an existential attitude towards life. How to cite Existentialism and Film Noir, Papers

Celebrity Justice free essay sample

Drug possession, lying to investigators, driving while intoxicated, shoplifting the list of offenses is also a long one. When arrested, are celebrities held to the same standards of justice as the rest of us, or do they receive special treatment in the legal system? If convicted how, do their sentences compare to those of a majority of those in our justice system? In this paper, I argue that celebrity status does give a defendant a number of major advantages, the most important being that they can hire the kind of legal representation that the average person could never afford. Where most people arrested for DWI, drug possession, public indecency or shoplifting have to use a public defender, go into debt to hire a lawyer or accept whatever deal prosecutors offer, rich people can afford the best defense that money can buy. Their careers may even benefit from the publicity surrounding their cases. We will write a custom essay sample on Celebrity Justice or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The difference is not just because of their celebrity status, but also because celebrities have wealth. In many ways celebrities get special treatment by police, prosecutors and judges. While young rappers or sex stars may have their careers enhanced by publicity, others 2. have been able to use their star status to keep proceedings and the terms of settlements private or to escape jail time they otherwise might have had to serve. In general, the special treatment celebrities get receive, make it less likely that they will be convicted of a major offenses or jailed. One exception to their advantage may be, at least in some cases, when it comes to sentencing. There celebrities sometimes receive harsher terms as judges seek to make examples of them. It seems that one of the most visible complaints about a double standard in the criminal justice system is related to race and the socio-economic status of those who are convicted. For example, while they make up a small percentage of the nation’s population, poor African-American and Latino-American males make up a disproportionately large part of the nation’s prison population. Perhaps for this reason when rich, mostly light skinned female stars are arrested, their treatment is held up for special scrutiny. Typical of this complaint is an unsigned online â€Å"Judiciary Report† (August 2007) that discusses the light treatment for vehicular and drug or alcohol incidents involving Lindsay Lohan, Nicole Ritchie, Paris Hilton and Brittany Spears. The author complains of these, â€Å"†¦ public menaces (are) loose on the streets, behind the wheel, on the road where law-abiding citizens drive† and accurately notes that their behavior could result in serious injury or even death.

Earned Value Project Management Project †Free Samples to Students

Question: Discuss about the Earned Value Project Management Project. Answer: Introduction: The discipline of using the procedures, policies, and principles that are established for managing the project from beginning to completion can be defined as Project management. The planning, organizing, and implementation of a particular project are directed by project management. A project is the one which is undertaken with a detailed start along with the end parameters which has been designed to produce the outcomes that are defined (Burke, 2013). From the ongoing processes, a project is completely different like it might be a governance program or an asset management program. The project management plan is expected in providing the guidance to the project phases effectively and efficiently from start to end by having the ideal goal of delivering the result with the given budget and on time. The project charter can be defined as the statement of objectives in a project. In this statement, the goals, roles, and responsibilities of the project are detailed, where even the main stakeholders are identified, and the level of the authority given to the project manager is set out. It will act in the form of a guideline for the projects in the future along with being the significant material in the knowledge management system of an organization (Fleming Koppelman, 2016). It can be referred to as the short document which will consist of the new request offered or the proposal request. The organizational strategies will be defining the goals of the organization. However, the operations management team will be managing the operation plan of the project in achieving the goals of the organization. Projects are composed so that it will help in achieving the actions that are defined in the operations plan (Flyvbjerg, 2013). It is very much important to look at the relationship between the project and the organizational strategies and goals in a broader way since in the light of the theoretical models it will be lining the relationship and the methods of obtaining the outcome in the desired time and budget. The scope management in the project will include the processes that are necessary for making sure for the completion of the project successfully. For completing the project successfully,it includes all the work that is required (Gido, Clements Clements, 2014). In the project scope management, there are five processes involved such as: Collect requirements: It is the first process which defines and documents the needs of stakeholders for meeting the project activities. Define scope: It this process in which the project is described in detail along with the product that is being industrialized. Creating the WBS: The work breakdown structure is created with the help of the technique called decomposition. Verify the scope: It is the process in which monitoring of project and the control process group is involved. Scope control: In this process project status is monitored besides the project scope and along to the baseline of the scope the changes are managed. Project governance can be defined as the framework which will allow the making of decisions in the project effectively. The focus would be on the key decisions which will be helpful in shaping the project and its direction (Hegazy, 2013). It constitutes of three components. The following are the components of the project governance framework such as: The structure of decision making. The people involved within the structure. The information that is informed to them. It can even be defined as the set of processes, function, principles, policies, regulations, responsibilities and procedures which will be defining the management, control of projects, establishment, portfolios. The decomposition of the projected can be defined as the choice of methodologies for breaking the objectives of the project into the project deliverables that are achievable. It can be termed as a breakdown of the work of the project into smaller elements or pieces based on the roles and functions of each of the defined elements that are used within the project. It aims at classifying the project with the help of work items and leading to the development of a bigger view of the picture of the project management process (Kerzner, 2013). In the planning process, project decomposition is considered to be one of the major steps. The actual meaning of the decomposition of the project is planning of the major elements of the work related to project by creating a hierarchy that is based on project activities. Such kind of hierarchy will be including various levels, which will be defining the key activities that are related to certain goals and objectives of the project. Among all one of the most common methods for decomposing the project is with the help of creating the WBS is also known as work breakdown structure. In most kinds of the project, this method of WBS is used widely. This is especially, created in projects related to construction and engineering, which are having the hierarchy of activity-based work (Larson Gray, 2013). The following are the hierarchical levels into which the projects are decomposed traditionally such as: The various stages and different phases. Streamlines procedures and differential activities. Defining the milestones. Defining deliverables and tasks. In the process of project management, these four levels can be regarded as the key elements for breaking down the activities of project so that project deliverables can be achieved. Throughout the length of the project, these are the things which the process is required to manage (Leach, 2014). In the scope management, the deliverables of the project is again subdivided into the smaller and more number of components that are manageable till the time the work and the deliverables are defined to the level of the work package. The project team and the manager of the project will be having one shared goal; in order to execute the project work and for the purpose of meeting the objectives of the project. Every project will have a beginning, a mid-period during which the activities that are carried out will push the project towards the completion, and the ending (Mir Pinnington, 2014). Typically the following four phases are included under a standard project such as initiation, planning, implementation, and closure. By considering all the phases a path taken by the project is represented by it from the start to the end. This is referred generally to as the life cycle of the project. Initiation phase: The primary phase where the objective of the project and/or its requirement will be identified. In a project, a response that is appropriate to the requirement is documented with the options of solutions that are recommended. By conducting the feasibility study on each of the available options for investigating the one that is addressing the project objective is determined. The feasibility and justification issues are addressed. Planning phase: It is the next step where the solution for the project is developed further in much detail to the possible extent. For meeting the objectives of the project t steps that are necessary are planned. All the work that has to be done is identified by the team. Implementation phase: It is the third phase where the plan of the project is put into execution and the work of the project is achieved. During the implementation, it is significant in preserving the control and has to be communicated as it is desirable. The progress is monitored continuously and the modifications that are appropriate are enabled and are noted. Closing phase: It is the final phase in which the releasing of final deliverables to customers, giving the documentation of the project to the business, terminating the contract suppliers, releasing of the resources of the project and communicating the stakeholders about the closing of the project are emphasized. From the planning phase to the closing of activities which completes the work a project life cycle incorporates everything. Projects are known to be temporary who will have the specific end dates defined for completion. The activities of project closure will make sure that the product that has been created is meeting the requirements of the project (Phillips, 2013). The closure period of the project will enable to review the successes and limitations for reference in future. The two main aspects of finalization are transferring the deliverable goods and analyzing the project. Transferring the Deliverable Goods: Based on the nature of the project one of the main aspects of the closing process is delivering the product to the client. For instance, for a specific client if a new software program is developed, delivering of that software is essential for closing the project (Schwalbe, 2015). A project of this kind of nature will be requiring the training on the use of the goods that are delivered. Analyzing the project: Another, important aspect of project closure is analysis. In the analysis part looking at the success and failures of the project by the project members is involved. A meeting has to be conducted for the people who have participated in the project for reviewing the project outcome. Employee conflict is a common occurrence in the workplace, which will be subsequent from the personalities and the values differences in the employees (Shields Rangarajan, 2013). The employee conflict has to be dealt in a timely manner since it is very much important for maintaining a healthy workplace environment. Poor communication: Poor communication is considered to be one the key causes of conflicts between the employees in the workplace. It can be a result of differences in styles of communication or failure to communicate. Differences in personalities: The other key cause that results in workplace conflict are differences among employee personalities (Verzuh, 2015). There are employees who come from various experiences and backgrounds which plays an important role in shaping their personalities. Accommodating: It has to be applied when you are uniting to a high level and it might be at your own expense which actually works against the objectives, goals, and the outcomes that are desired by you. This is effective when the opposite party has the better solution Avoiding: It is when the issue is avoided simply. Neither the other party is not helped in reaching the goals nor own goals are pursued (Walker, 2015). It works if the issue is small or when there is no chance of winning. Collaborating: This is when both the parties unite or collaborate in achieving the goals collectively. This is how the win-lose paradigm is broken and win-win paradigm seeks. It would be effective in the complex scenarios for finding out the novel solution. Competing: This is the approach of win-lose. An individual acts in a very assertive way of achieving the goals without having intention to cooperate with the opposite party. Compromising: This is the scenario of lose-lose approach where neither of the parties will attain of what they have expected for. A reasonable level of assistance and firmness is required. Reference Burke, R., 2013. Project management: planning and control techniques.New Jersey, USA. Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute. Flyvbjerg, B., 2013. From Nobel prize to project management: getting risks right.arXiv preprint arXiv:1302.3642. Gido, J., Clements, J. and Clements, J., 2014.Successful project management. Nelson Education. Hegazy, T., 2013.Computer-Based Construction Project Management: Pearson New International Edition. Pearson Higher Ed. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Larson, E.W. and Gray, C., 2013.Project Management: The Managerial Process with MS Project. McGraw-Hill. Leach, L.P., 2014.Critical chain project management. Artech House. Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success.International journal of project management,32(2), pp.202-217. Phillips, J., 2013.PMP, Project Management Professional (Certification Study Guides). McGraw-Hill Osborne Media. Schwalbe, K., 2015.Information technology project management. Cengage Learning. Shields, P.M. and Rangarajan, N., 2013.A playbook for research methods: Integrating conceptual frameworks and project management. New Forums Press. Verzuh, E., 2015.The fast forward MBA in project management. John Wiley Sons. Walker, A., 2015.Project management in construction. John Wiley Sons.