Organization and management of mutual funds, Financial Management

Assignment Help:

Organization and Management of Mutual Funds:

Structural Pattern

Mutual Funds, usually formed as trusts, generally involve three parties viz.,

  • Settler of the trust or the sponsoring organization.
  • The trust formed under the Indian Trust Act, 1882 or the trust company registered under the Indian Companies Act, 1956.
  • Fund managers or the merchant banking unit.
  • Custodians.

While in the USA and other countries an "arms length" distance is maintained between settlers, trustees and fund managers, in India, very often, there is an overlapping of roles. For example, in the case of Canbank Mutual Fund, Canara Bank is the settler or sponsor, members of Canara Bank's board form the trust company as trustees and the subsidiary of Canara Bank Canbank Financial Services Ltd., serves as fund managers.

Let us take a look at the organization and management pattern of Unit Trust of India (UTI) vis-a-vis the organization and management pattern of some other Mutual Funds established by banks or insurance companies.

 


Related Discussions:- Organization and management of mutual funds

Modigliani-miller irrelevancy theorem for capital structure, QUESTION i...

QUESTION i) Discuss the Modigliani-Miller irrelevancy theorem for corporate capital structure. What assumptions underline the theorem? ii) What are the implications when the

Calculate roe when roe may be calculated more simply, Why would an analyst ...

Why would an analyst use the Modified Du Pont system to calculate ROE when ROE may be calculated more simply? Explain. In fact, an analyst wouldn't use the Modified Du Pont eq

Mass and batch production, a) IPod -Line / Mass production is most suitable...

a) IPod -Line / Mass production is most suitable given that Apple can sell the standardised product to mass markets across the world. Only small variations to the production proces

MONEY DEMAND, #question.After read all the available information carefully,...

#question.After read all the available information carefully, prepare a two page (double-spaced) essay and answer the following questions: Assume that we have the following data: C

Case study - credit-linked notes, Case Study - Credit-Linked Notes Cred...

Case Study - Credit-Linked Notes Credit linked notes are assets issued by financial institutions which have exposure to the credit risk of a reference Issuer . These notes pay

Advantages and disadvantages of accounting rate of return, Advantages of AR...

Advantages of ARR: It is simple to calculate and easy to catch. With the help of this technique, direct comparisons among proposed projected of varying lives with no bu

Determine about the sales agents, Determine about the Sales agents Norm...

Determine about the Sales agents Normally used for more effective sales and marketing activities for a product for example AVON (cosmetics) door to door agents in the UK. -

Determine the pest analysis and its derivatives, PEST analysis and its deri...

PEST analysis and its derivatives Such  a  process  is  required for  an  organisation  to  be  continually  aware  of  external  factors within  its  general  or  industry  en

Unemployed loans, where can i found a loan if i am unemployed ?

where can i found a loan if i am unemployed ?

Operating budget, Operating Budget It is a collection or set of formal ...

Operating Budget It is a collection or set of formal financial documents that details expected expenses and revenues, as like all other expected operating and financial transac

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd