Pendas Mahakam : Jurnal Pendidikan dan Pembelajaran Sekolah Dasar
Financial Education is an essential life skill and is a specialization module in adult education ... more Financial Education is an essential life skill and is a specialization module in adult education and training. Within the financial education domain, a sub-module would be on financial instruments, such as Mutual Funds. Mutual Funds are small retail investor-friendly investment tools. They are increasingly getting investor interest worldwide because they can provide potential solutions for short- and long-term investing. However, like any other financial/investing topic, teaching mutual fund concepts is challenging because of its unique vocabulary, jargon, and investment processes. The paper highlights broad modules that can be part of a typical mutual fund curriculum. Pedagogical Action Research is used to build the teaching modules focusing on narrativity, pupil's agency, curriculum development, practical theories, and ethics. Findings from this work can help teachers and trainers in the financial domain, mutual fund distributors, asset management companies, and the capital ma...
Personal Finance, Investing, and Trading are life skills that prepare individuals to become finan... more Personal Finance, Investing, and Trading are life skills that prepare individuals to become financially comfortable in their lives and lead happy life. While some of these skills can be acquired from family members or can be drawn from first-hand personal experiences, training programs are found to make a profound positive impact. A questionnaire is administered to 278 stock market participants to understand the impact of stock market training programs conducted in the form of seminars and webinars. The study finds that the training programs have given substantial edge in their trading and investing activities and are worth spending time and money on them. Self-experiences, training programs, and stock market books are the most significant sources of stock market wisdom. Findings from this research can help financial intermediaries in better building investor awareness programs.
The cognitive dissonance theory, formulated by Psychologist Leon Festinger, revealed that inconsi... more The cognitive dissonance theory, formulated by Psychologist Leon Festinger, revealed that inconsistency in beliefs or behaviour among individuals causes psychological tension or dissonance due to exposure to new information. Investor behaviour is prone to several biases that refrains them from making rational decisions. They often reluctantly stick to their original decision even though it is costly. An online and offline survey using a structured questionnaire was used and data was collected from 250 stock market investors of Visakhapatnam, India. With the use of mean and one-way ANOVA - the relationship between independent variable (income, investment amount, education qualification, age, gender and investor experience) and dependent variables (cognitive dissonance) - it was revealed that investors were prone to cognitive dissonance bias. The research shows that cognitive dissonance bias causes investors to make sub-optimal choices. Based on the findings, recommendations were put ...
Optimal medical infrastructure utilization became a high priority for Governments worldwide durin... more Optimal medical infrastructure utilization became a high priority for Governments worldwide during the COVID-19 pandemic. Special attention is drawn to both the import and local manufacture of medical oxygen gas to ensure its uninterrupted supply to designated COVID-hospitals identified by the local administration. The paper apprises on the administrative and regulatory orders to control the supply and transportation of medical oxygen gas by examining its implementation in India in general and the State of Andhra Pradesh in particular. The paper enhances understanding of the working of governmental administrative systems amidst the emergency. The observations and findings from the research work can be vital inputs to Governmental institutions, regulatory bodies, the industry, and various other stakeholders dealing with medical oxygen gas so that policy and process flow can be improvised.
Background: Stock market traders can be successful by picking the right financial security/instru... more Background: Stock market traders can be successful by picking the right financial security/instrument to invest/trade and then prepare and executing the trading plan. However, the success rate from doing so is only partly. The other part of success, which, unfortunately, is mostly ignored, comes from emotional and behavioral balance and control. Research already proved the connections between emotions and the mental health of individuals. Objectives: This paper explores the mental health aspects of a typical Indian stock market trader. Design: A self- constructed questionnaire is administered on a sample of 250 where 140 respondents were taken for the study on four dimensions-general trading stress profile, general mental and health profile, general lifestyle profile, and general financial status profile. Method: Data thus collected is statistically measured and tested using Chi-square, Pearson correlation, and simple linear regression. Results: The research finds that age and marit...
Emerging trends and broad themes that drive the recovery of the Mutual Fund industry in general, ... more Emerging trends and broad themes that drive the recovery of the Mutual Fund industry in general, and the asset management industry in particular, can help us understand the industry dynamics as it recovers from the peak of the COVID-19 pandemic. The chapter summarizes the experiences and lessons learned and proposes some potential trends that could emerge in the years to come in the mutual fund landscape. A descriptive research method is followed, and inputs are drawn from secondary sources. Asset class shift, digital investing, focus on fund management fee and costs, ESG and Passive funds, increased inter-regulatory co-ordination and industry consolidation, and allowing new entrants will be emerging trends. Findings and observations from this paper can help various mutual fund stakeholders – investors, fund managers, and Asset Management Companies (AMC)s, Mutual Fund Registrars, and the Regulators in better planning their activities and investments.
Real Estate Investment Trust (REIT) has globally become an alternative form of investment in the ... more Real Estate Investment Trust (REIT) has globally become an alternative form of investment in the traditional real estate asset class. It brings in features of common stock at affordable pocket size for the small retail investor. With liquidity, diversification (both in terms of types of properties and geographies), volatility, and dividend payouts, REIT gives in compelling opportunities for its investors. India is still in its nascent stage, but with a booming real estate market, it offers a vast scope of development in the next few years. The success of both Embassy Office Parks REIT and Mindspace Business Parks REIT show investor appetite for such financial innovation products. This paper discusses the pros and cons of REIT, regulations, and the impact of COVID-19 pandemic. Findings from this study help retail investors in making better investment decisions.
A sudden surge in emergency medical care became necessary during the second wave of COVID-19 surp... more A sudden surge in emergency medical care became necessary during the second wave of COVID-19 surprising several Asian and African countries with acute demand for Hospital Medical Infrastructure and Medical Oxygen. Governments such as those in India have tweaked regulations and taxation to allow private and corporate companies to do their best to garner the best supply levels of Medical Oxygen for hospitals. There were logistical nightmares and hospital accidents reported during the period as well. This article examines how different stakeholders played their role in the best efforts of the country to keep its population breathing. Several instances of hoarding and unauthorized handling were observed during the pandemic times. Policymakers can use the findings from this study to make better arrangements to face the future.
The COVID-19-triggered lockdown in India caused a crisis in the capital markets during March and ... more The COVID-19-triggered lockdown in India caused a crisis in the capital markets during March and April 2020. A global-wide panic crashed the equity and debt markets as investors feared company operations would be severely affected. The distress has hurt investors who proceeded to stop their ongoing investments and began to redeem funds. The sudden outflows from the mutual fund industry dried up liquidity in the Indian secondary bond market, creating panic in the credit risk segment. Left with no options, Franklin Templeton India (FTI) Mutual Fund had to wind up six of its debt funds, causing industry-wide panic. This event-based study focuses on the series of events that led to the inevitable decision taken by the fund house and the reaction from various stakeholders such as investors and the regulator. Historical Analysis form of the Qualitative Research process is used to analyze the series of events, make observations of the reactions of stakeholders, and draw some lessons out of it. Findings from this study can help us highlight the risks involved in the debt segment and thereby improve our understanding of the crisis management mechanisms of the mutual fund industry.
The influence of institutional investors on the Indian capital markets is getting stronger year o... more The influence of institutional investors on the Indian capital markets is getting stronger year on year. This is inline with the increasing of capital inflows into the country via the Foreign Portfolio Investors (FPIs) route on one hand and increased investments by domestic investors into the capital markets via the Mutual Funds. This paper attempts to empirically ascertain their influence on select Indian companies from the Information Technology (IT) sector with reference to firm characteristics such as Earnings Per Share (EPS), Net Profit (NP) etc. Regression Equation for each of the companies is built. Findings from study can help investors in making better investment decisions.
The rapid spread of Coronavirus (COVID-19) has forced everyone to go to lockdowns impacting the t... more The rapid spread of Coronavirus (COVID-19) has forced everyone to go to lockdowns impacting the travel (particularly aviation), hotel, hospitality, and the leisure industry. Have been indoors for several days forced people to come out and indulge in revenge travel as lock-downs easing began. Ample evidence is collected to suggest that people are flocking to tourist destinations in large crowds, sometimes forgetting even the basic COVID-19 measures. This research work highlights the dangers of such revenge travel and the need to avoid revenge travel to the extent possible. Further, it suggests some tips for selecting safe destinations and some safe options when indulging in revenge travel. The research has meaningful implications for the policymakers (such as the Governments) and the travel and leisure industries.
Governments of developing and agrarian-intensive economies such as India depend on banking channe... more Governments of developing and agrarian-intensive economies such as India depend on banking channels to extend farming and agriculture credit. Agricultural credit is a priority sector lending in such countries and banks have to invariably have a part of their loan book pie allocated it`. Statistical trends show that some farmers who take these benefits are turning "smart" and intentionally delaying loan repayments with the expectation of a loan waiver, particularly few months ahead of the elections. They feel that their loan will get waived once the political party for which they voted comes to power. Overtime, it gets revealed that a very small number of farmers actually get the loan waiver benefit as promised. By then, the loan account balloons because of interest and penalties - too big for him to ever repay. The helpless farmer shows his inability to repay while the deficit budget-driven Governments could not reimburse. This puts banks into a difficult situation and hav...
Pendas Mahakam : Jurnal Pendidikan dan Pembelajaran Sekolah Dasar
Financial Education is an essential life skill and is a specialization module in adult education ... more Financial Education is an essential life skill and is a specialization module in adult education and training. Within the financial education domain, a sub-module would be on financial instruments, such as Mutual Funds. Mutual Funds are small retail investor-friendly investment tools. They are increasingly getting investor interest worldwide because they can provide potential solutions for short- and long-term investing. However, like any other financial/investing topic, teaching mutual fund concepts is challenging because of its unique vocabulary, jargon, and investment processes. The paper highlights broad modules that can be part of a typical mutual fund curriculum. Pedagogical Action Research is used to build the teaching modules focusing on narrativity, pupil's agency, curriculum development, practical theories, and ethics. Findings from this work can help teachers and trainers in the financial domain, mutual fund distributors, asset management companies, and the capital ma...
Personal Finance, Investing, and Trading are life skills that prepare individuals to become finan... more Personal Finance, Investing, and Trading are life skills that prepare individuals to become financially comfortable in their lives and lead happy life. While some of these skills can be acquired from family members or can be drawn from first-hand personal experiences, training programs are found to make a profound positive impact. A questionnaire is administered to 278 stock market participants to understand the impact of stock market training programs conducted in the form of seminars and webinars. The study finds that the training programs have given substantial edge in their trading and investing activities and are worth spending time and money on them. Self-experiences, training programs, and stock market books are the most significant sources of stock market wisdom. Findings from this research can help financial intermediaries in better building investor awareness programs.
The cognitive dissonance theory, formulated by Psychologist Leon Festinger, revealed that inconsi... more The cognitive dissonance theory, formulated by Psychologist Leon Festinger, revealed that inconsistency in beliefs or behaviour among individuals causes psychological tension or dissonance due to exposure to new information. Investor behaviour is prone to several biases that refrains them from making rational decisions. They often reluctantly stick to their original decision even though it is costly. An online and offline survey using a structured questionnaire was used and data was collected from 250 stock market investors of Visakhapatnam, India. With the use of mean and one-way ANOVA - the relationship between independent variable (income, investment amount, education qualification, age, gender and investor experience) and dependent variables (cognitive dissonance) - it was revealed that investors were prone to cognitive dissonance bias. The research shows that cognitive dissonance bias causes investors to make sub-optimal choices. Based on the findings, recommendations were put ...
Optimal medical infrastructure utilization became a high priority for Governments worldwide durin... more Optimal medical infrastructure utilization became a high priority for Governments worldwide during the COVID-19 pandemic. Special attention is drawn to both the import and local manufacture of medical oxygen gas to ensure its uninterrupted supply to designated COVID-hospitals identified by the local administration. The paper apprises on the administrative and regulatory orders to control the supply and transportation of medical oxygen gas by examining its implementation in India in general and the State of Andhra Pradesh in particular. The paper enhances understanding of the working of governmental administrative systems amidst the emergency. The observations and findings from the research work can be vital inputs to Governmental institutions, regulatory bodies, the industry, and various other stakeholders dealing with medical oxygen gas so that policy and process flow can be improvised.
Background: Stock market traders can be successful by picking the right financial security/instru... more Background: Stock market traders can be successful by picking the right financial security/instrument to invest/trade and then prepare and executing the trading plan. However, the success rate from doing so is only partly. The other part of success, which, unfortunately, is mostly ignored, comes from emotional and behavioral balance and control. Research already proved the connections between emotions and the mental health of individuals. Objectives: This paper explores the mental health aspects of a typical Indian stock market trader. Design: A self- constructed questionnaire is administered on a sample of 250 where 140 respondents were taken for the study on four dimensions-general trading stress profile, general mental and health profile, general lifestyle profile, and general financial status profile. Method: Data thus collected is statistically measured and tested using Chi-square, Pearson correlation, and simple linear regression. Results: The research finds that age and marit...
Emerging trends and broad themes that drive the recovery of the Mutual Fund industry in general, ... more Emerging trends and broad themes that drive the recovery of the Mutual Fund industry in general, and the asset management industry in particular, can help us understand the industry dynamics as it recovers from the peak of the COVID-19 pandemic. The chapter summarizes the experiences and lessons learned and proposes some potential trends that could emerge in the years to come in the mutual fund landscape. A descriptive research method is followed, and inputs are drawn from secondary sources. Asset class shift, digital investing, focus on fund management fee and costs, ESG and Passive funds, increased inter-regulatory co-ordination and industry consolidation, and allowing new entrants will be emerging trends. Findings and observations from this paper can help various mutual fund stakeholders – investors, fund managers, and Asset Management Companies (AMC)s, Mutual Fund Registrars, and the Regulators in better planning their activities and investments.
Real Estate Investment Trust (REIT) has globally become an alternative form of investment in the ... more Real Estate Investment Trust (REIT) has globally become an alternative form of investment in the traditional real estate asset class. It brings in features of common stock at affordable pocket size for the small retail investor. With liquidity, diversification (both in terms of types of properties and geographies), volatility, and dividend payouts, REIT gives in compelling opportunities for its investors. India is still in its nascent stage, but with a booming real estate market, it offers a vast scope of development in the next few years. The success of both Embassy Office Parks REIT and Mindspace Business Parks REIT show investor appetite for such financial innovation products. This paper discusses the pros and cons of REIT, regulations, and the impact of COVID-19 pandemic. Findings from this study help retail investors in making better investment decisions.
A sudden surge in emergency medical care became necessary during the second wave of COVID-19 surp... more A sudden surge in emergency medical care became necessary during the second wave of COVID-19 surprising several Asian and African countries with acute demand for Hospital Medical Infrastructure and Medical Oxygen. Governments such as those in India have tweaked regulations and taxation to allow private and corporate companies to do their best to garner the best supply levels of Medical Oxygen for hospitals. There were logistical nightmares and hospital accidents reported during the period as well. This article examines how different stakeholders played their role in the best efforts of the country to keep its population breathing. Several instances of hoarding and unauthorized handling were observed during the pandemic times. Policymakers can use the findings from this study to make better arrangements to face the future.
The COVID-19-triggered lockdown in India caused a crisis in the capital markets during March and ... more The COVID-19-triggered lockdown in India caused a crisis in the capital markets during March and April 2020. A global-wide panic crashed the equity and debt markets as investors feared company operations would be severely affected. The distress has hurt investors who proceeded to stop their ongoing investments and began to redeem funds. The sudden outflows from the mutual fund industry dried up liquidity in the Indian secondary bond market, creating panic in the credit risk segment. Left with no options, Franklin Templeton India (FTI) Mutual Fund had to wind up six of its debt funds, causing industry-wide panic. This event-based study focuses on the series of events that led to the inevitable decision taken by the fund house and the reaction from various stakeholders such as investors and the regulator. Historical Analysis form of the Qualitative Research process is used to analyze the series of events, make observations of the reactions of stakeholders, and draw some lessons out of it. Findings from this study can help us highlight the risks involved in the debt segment and thereby improve our understanding of the crisis management mechanisms of the mutual fund industry.
The influence of institutional investors on the Indian capital markets is getting stronger year o... more The influence of institutional investors on the Indian capital markets is getting stronger year on year. This is inline with the increasing of capital inflows into the country via the Foreign Portfolio Investors (FPIs) route on one hand and increased investments by domestic investors into the capital markets via the Mutual Funds. This paper attempts to empirically ascertain their influence on select Indian companies from the Information Technology (IT) sector with reference to firm characteristics such as Earnings Per Share (EPS), Net Profit (NP) etc. Regression Equation for each of the companies is built. Findings from study can help investors in making better investment decisions.
The rapid spread of Coronavirus (COVID-19) has forced everyone to go to lockdowns impacting the t... more The rapid spread of Coronavirus (COVID-19) has forced everyone to go to lockdowns impacting the travel (particularly aviation), hotel, hospitality, and the leisure industry. Have been indoors for several days forced people to come out and indulge in revenge travel as lock-downs easing began. Ample evidence is collected to suggest that people are flocking to tourist destinations in large crowds, sometimes forgetting even the basic COVID-19 measures. This research work highlights the dangers of such revenge travel and the need to avoid revenge travel to the extent possible. Further, it suggests some tips for selecting safe destinations and some safe options when indulging in revenge travel. The research has meaningful implications for the policymakers (such as the Governments) and the travel and leisure industries.
Governments of developing and agrarian-intensive economies such as India depend on banking channe... more Governments of developing and agrarian-intensive economies such as India depend on banking channels to extend farming and agriculture credit. Agricultural credit is a priority sector lending in such countries and banks have to invariably have a part of their loan book pie allocated it`. Statistical trends show that some farmers who take these benefits are turning "smart" and intentionally delaying loan repayments with the expectation of a loan waiver, particularly few months ahead of the elections. They feel that their loan will get waived once the political party for which they voted comes to power. Overtime, it gets revealed that a very small number of farmers actually get the loan waiver benefit as promised. By then, the loan account balloons because of interest and penalties - too big for him to ever repay. The helpless farmer shows his inability to repay while the deficit budget-driven Governments could not reimburse. This puts banks into a difficult situation and hav...
ICBM 2019 - 2nd International Conference on Business and Management at BRAC University, Dhaka, Bangladesh, 2019
India’s leading infrastructure development and financial services company - Infrastructure Leasin... more India’s leading infrastructure development and financial services company - Infrastructure Leasing & Financial Services (IL&FS) and its subsidiary companies failed to repay multiple debt obligations and thereby started to default in mid-2018. This caused panic in the Indian debt market creating a cascading effect on other financial services, particularly in the NBFC sector. Government of India and the monetary regulator – the Reserve Bank of India (RBI) quickly stepped in to rescue the company. Rejecting a blanket bailout solution, but considering the “too big to fail” size of the company, they took timely action barely avoiding a total financial collapse. This meant that India avoided a ‘Lehman Brothers moment’. This paper explores reasons leading to the crisis, steps taken by Government and regulators to rescue, consequences of the default and lessons learnt from the experience. While Indian experience in large-scale financial defaults is limited, this paper takes the opportunity to understand the problem and post-crisis handling. Learnings from this study can help strengthen regulatory provisions so that these do not recur, minimize the trouble from spreading to other financial segments of the economy and possibly protect the vulnerable company stakeholders such as creditors, investors etc.
Tax planning strategies are important for tax payers whose aim is to reduce their tax outgo on va... more Tax planning strategies are important for tax payers whose aim is to reduce their tax outgo on various types of income and capital gains. While there are several tax saving instruments that qualify under Section 80C of the Income Tax Act, 1961, Equity Linked Savings Scheme (ELSS) has a special importance. It provides the least possible lock-in period among all tax saving instruments besides providing equity asset investment exposure making it a good long-term tool for wealth creation. This paper studies the investment behaviour of a typical ELSS mutual fund investor. Primary data is used to identify preferences of tax saving instrument by Indians and to understand if diversification across multiple ELSS schemes is done. Understanding the mode of investing helps us get insight on investor behaviour. Finally, we get to know if ELSS is being used by other family members. Secondary data study allows us to understand the trends and dynamics of ELSS. Our study checks scheme Average Assets Under Management (AAUM) data to understand if investors delay and thereby hurry their investing just before closing of the financial year. These findings are of significance for Asset Management Companies (AMCs) in their product positioning and building promotional strategies. Market regulator SEBI and the Association of Mutual Fund Industry (AMFI) can use it to improve the product offering and expanding its reach. Government and Ministry of Finance can use these findings for tweaking tax laws so as to promote investment culture.
Blockchain and other business disruption technologies have created a buzz in the last few years a... more Blockchain and other business disruption technologies have created a buzz in the last few years and have become an inevitable discussions topic in the financial circles. It will have game-changing impact on businesses, particularly on the banking and financial services. Consortium or Enterprise Blockchain is the latest technological evolution allowing us to build hybrid blockchains (public and private) using features such as permission restriction and multiple controlling authorities. These hybrid features allow easy yet controlled information sharing between various stakeholders. After getting acceptance in areas such as remittance & supply chain financing, blockchain is now making inroads into sub-sectors such as asset and wealth management. This article demystifies blockchain concepts and demonstrates an implementation for the mutual fund (MF) industry. MF industry is plagued by slow processing. For example, it takes days together to onboarding a new investor, transactions take a date to appear on statements while NAV computations takes hours to compute and show up for registrars to process transactions. We explore how smart contracts can help cut the transaction processing but will blockchain provide high speed and latency necessary? Can investor statements be accessed dynamically? Will distributed information sharing and decentralization system save costs and time for the stakeholders, particularly in client onboarding, NAV dissemination? How can blockchain help in KYC and other compliance related activities? Can mf scheme portfolios and factsheets get constructed automatically and available with real time updates? How can regulators and auditors have easy access to information as and when they want? Finally, we will examine some of the challenges or hurdles that come in way towards the implementation.
Emerging trends such as the Fourth Industrial Revolution and Business Disruption Technologies wil... more Emerging trends such as the Fourth Industrial Revolution and Business Disruption Technologies will change the way businesses do things. Specialized skills and learning is needed for our managers to handle such changes. There is an ever-increasing expectations gap between career-oriented students and work-oriented employers. This forces business schools to offer employerspecific customized courses and allowing workspace to be future classrooms. In the globalization context, mangers will have to balance between ‘local’ and ‘global’ views. Soft skills need to be complemented with social media and social networking skills. This paper uses descriptive content analysis method to identify some emerging trends that will influence our management education so that these institutions can make appropriate changes to make their students future ready.
LATEST INNOVATION FOR FUTURE EDUCATION LIFE IN 2021 – THICKEST BOOK IN THE WORLD, 2021
Emerging trends and broad themes that drive the recovery of the Mutual Fund industry in general, ... more Emerging trends and broad themes that drive the recovery of the Mutual Fund industry in general, and the asset management industry in particular, can help us understand the industry dynamics as it recovers from the peak of the COVID-19 pandemic. The chapter summarizes the experiences and lessons learned and proposes some potential trends that could emerge in the years to come in the mutual fund landscape. A descriptive research method is followed, and inputs are drawn from secondary sources. Asset class shift, digital investing, focus on fund management fee and costs, ESG and Passive funds, increased inter-regulatory coordination and industry consolidation, and allowing new entrants will be emerging trends. Findings and observations from this paper can help various mutual fund stakeholders-investors, fund managers, and Asset Management Companies (AMC)s, Mutual Fund Registrars, and the Regulators in better planning their activities and investments.
Sustainable solutions - A key to challenges and opportunities in Business, Management and Entrepreneurship, 2020
Real Estate Investment Trust (REIT) has globally become an alternative form of investment in the ... more Real Estate Investment Trust (REIT) has globally become an alternative form of investment in the traditional real estate asset class. It brings in features of common stock at affordable pocket size for the small retail investor. With liquidity, diversification (both in terms of types of properties and geographies), volatility, and dividend payouts, REIT gives in compelling opportunities for its investors. India is still in its nascent stage, but with a booming real estate market, it offers a vast scope of development in the next few years. The success of both Embassy Office Parks REIT and Mindspace Business Parks REIT show investor appetite for such financial innovation products. This paper discusses the pros and cons of REIT, regulations, and the impact of COVID-19 pandemic. Findings from this study help retail investors in making better investment decisions.
The COVID-19-led lockdown resulted in a crisis in credit markets because corporate companies were... more The COVID-19-led lockdown resulted in a crisis in credit markets because corporate companies were facing challenges to repay loans they raised in the form of commercial paper. Liquidity dried up as trading volumes fell in some commercial paper, particularly the low-quality commercial paper. Consequently, debt mutual funds such as credit risk funds are facing difficulties in liquidating their portfolio holding. Fund management teams are in pressure to sell their holding and honor investor redemptions in line with regulatory compliances. However, with lockdown getting extended, they soon began to go out of options. This case examines the options available before the fund manager of Franklin Templeton India (FTI) in handling the six debt schemes that are facing a crisis. The case gives an overview of the concept of risk in debt mutual funds, mutual fund regulations regarding scheme management, the critical decisions taken by the fund managers, and the potential consequences of their decisions. The case will be of use for management students with finance specialization at the postgraduate level. PEDAGOGICAL OBJECTIVES 1. To understand the role of fund managers of mutual funds in managing schemes 2. To understand the importance of risk management and functioning of credit risk schemes 3. To understand mutual fund regulatory provisions regarding scheme administration and management ISBN: 978-93-88568-17-3
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