Paper Title

AN EMPIRICAL STUDY ON CURRENT PRACTICES OF CAPITAL BUDGETING

Abstract

Capital budgeting is a step by step process that businesses use to determine the merits of an investment project. The decision of whether to accept or deny an investment project as part of a company\'s growth initiatives, involves determining the investment rate of return that such a project will generate. However, what rate of return is deemed acceptable or unacceptable is influenced by other factors that are specific to the company as well as the project. For example, a social or charitable project is often not approved based on rate of return, but more on the desire of a business to foster goodwill and contribute back to its community. Capital budgeting is important because it creates accountability and measurability. Any business that seeks to invest its resources in a project, without understanding the risks and returns involved, would be held as irresponsible by its owners or shareholders. Furthermore, if a business has no way of measuring the effectiveness of its investment decisions, chances are that the business will have little chance of surviving in the competitive marketplace. Businesses (aside from non-profits) exist to earn profits. The capital budgeting process is a measurable way for businesses to determine the long-term economic and financial profitability of any investment project Capital budgeting is also vital to a business because it creates a structured step by step process that enables a company.
KEYWORDS :

Paper Title

A STUDY ON PERFORMANCE AND ITS EFFECT ON EMPLOYEE SATISFACTION

Abstract

Employee satisfaction is the terminology used to describe whether employees are happy and contented and fulfilling their desires and needs at work. Many measures purport that employee satisfaction is a factor in employee motivation, employee goal achievement, and positive employee morale in the workplace. Factors contributing to employee satisfaction include treating employees with respect, providing regular employee recognition,empoweringemployees,offeringaboveindustry-averagebenefitsandcompensation,providing employee perks and company activities and positive management within a success framework of goals, measurements, and expectations. Employee satisfaction is often measured by anonymous employee satisfaction surveys administered periodically that gauge employee satisfaction. Employee satisfaction is looked at in areas such as Management, Understanding of mission and vision, Empowerment, Teamwork, Communication, and Co-worker interaction.
KEYWORDS :

Paper Title

A STUDY ON FOREIGN EXCHANGE MARKET RISK MANAGEMENT

Abstract

A foreign exchange market risk management strategy or program is a set of procedures that allows a company to achieve its goals in terms of managing currency risk. It is based on the business specifics of the company, including its pricing parameters, the location of its competitors, the weight of FX in the business. Foreign exchange risk refers to the losses that an international financial transactions may incur due to currency fluctuations. Foreign exchange risk can also affect investors, who trade in international markets, and businesses engaged in the import/export of products or services to multiple countries Foreign exchange exposure and risk are important concept in the study of international finance. It is the sensitivity of home currency value of asset, liability or operating income unanticipated change in the exchange rate Exposure exists if the home currency value on an average in a particular manner it also exists where numerous currencies are involved.
KEYWORDS :

Paper Title

A STUDY ON ASSETS AND LIABILITIES MANAGEMENT

Abstract

Assets and Liabilities Management (ALM) is a dynamic process of planning, organizing, coordinating and controlling the assets and liabilities - their mixes, volumes, maturities, yields and costs in order to achieve a specified Net Interest Income. As all transactions of the banks revolve around raising and deploying the funds, Asset - Liability Management (ALM) gains more significance as an initiative towards the risk management practices by the Indian banks. Measuring and managing liquidity risk is an important dimension of ALM. Mismatch in the maturity profile of assets and liabilities exposes the balance sheet to liquidity risk. This paper is aimed at measuring the liquidity Risk in SBI & associate banks in India, by using Gap Analysis Technique (maturity profiling). Using publicly available information, this paper attempts to assess the liquidity risk carried by the sample banks in the year 2011 - 2012. The findings revealed that the banks are exposed to liquidity risk.
KEYWORDS :

Paper Title

AN ANALYTICAL STUDY OF FACTORS EFFECTING INVESTMENT DECISION

Abstract

Investment is an economic activity that can be a way for a person to expand or maintain his wealth. However, in investing, the public must be more careful in making decisions so that they are not trapped by fake investments. In investing, there are several factors that influence the decision to invest, namely Financial Knowledge, Income, Self-Control, Financial Behaviour, and Financial Attitude towards Investment Decisions. This study aims to examine the influence of the variables of Financial Knowledge, Income, and Self-Control on Investing Decisions mediated by Financial Behaviour and Financial Attitudes. This study uses Financial Knowledge, Income, and Self-Control as independent variables, then Investment Decisions as the dependent variable, then Financial Behaviour, and Financial Attitudes as intervening variables. The results of this study indicate that financial knowledge has an effect on financial behaviour. Financial Knowledge affects Financial Attitudes. Financial knowledge influences investment decisions. Income has an effect on Financial Behaviour. Income has an effect on Financial Attitudes. Income does not affect the Investment Decision. Self-control affects financial behaviour. Self-Control affects Financial Attitudes. Self-Control has no effect on Investment Decisions. Financial Behaviour has no effect on Investment Decisions. Financial Attitudes do not affect the Investment Decision.
KEYWORDS : Financial Attitudes, Financial behaviour, Financial Knowledge, Income, Investment Decisions, Self-Control

Paper Title

A THEORETICAL STUDY ON PERFORMANCE MANAGEMENT

Abstract

The Performance Management System (PMS) in an important aspect of any organization that being to measure the employees’ performance as against the vision, mission, developmental goals of an irrespective of the sector or type of an organization. The PMS is just not limited to performance appraisal system but also includes learning and development, training requirement, to enhance communication across the organization and its bridge between employee and employer for organizational development. In the recent past behavioral aspect of an employee, psychological, employee performance deviations, performance measurement and employee training needs to improve performance of organization as a whole included in the performance management of an organization. This study discusses an important aspect of the how to measure one of the performance management system components — employee performance using performance appraisal. This study also discusses various types of performance appraisal system measurements and their merits and demerits and suggested solutions to relieve the misery of untold stories. The study concludes providing meaningful suggestions on measurement of performance appraisal system Performance Management refers to a comprehensive scientific approach to ensure a link between efforts to individual employees with vision and goals of the organization, to achieve excellence in organization on one side and satisfaction and growth of employees on the other side. Therefor performance management system is an important instrument to facilitate organization to accomplish its goal. Both Individual skills and contributions and organizational objective measurement is needed to develop the important element of the organization, which is human capital
KEYWORDS :

Paper Title

AN ANALYSIS OF CAPITAL STRUCTURE - RELIANCE INDUSTRIES LIMITED

Abstract

Capital structure is generally known as capital mix , is very important to control the overall cost of capital in order to improve the earnings per share of shareholders. After globalization and liberalization ,various financial sector reforms were started by government , such as reducing rates of interest etc. which directly affected the capital structure planning of firms. Due to this situation, the information technology industry also reorganized their capital structure .the financing of capital structure decisions is a significant managerial decision. Initially, the company will have to plan its capital structure at the time of promotion subsequently, whenever funds have raised for finance and investment , a capital structure decision is involved . in this research article, researchers try to evaluate the concept of capital structure, capital structure planning and patterns of capital structure in Leo labs . we found that both companies are using the maximum possible long-term debt in their capital structure planning. During the study period, both the companies raised more and more long termfundsto , meet their development and expansion needs because debt is cheaper source of finance , especially from 1994 onwards when rates of interest decreased regularly in Indian capital market. Organization theorists suggest that the capital within organizations. In addition , organizational structure may strengthen or weaken the effects of social capital , by furnishing greater or fewer opportunities for growth. This article explores the independent and combined effects of organizational social capital structure on the performance of over organization between them, using panel data.
KEYWORDS :

Paper Title

MODES OF OPERATION OF ONLINE TRADING

Abstract

This paper studied the perception of people in Faridabad city towards the online trading system of Indian Stock market. Indi a n Stock market a wide place for investments and earnings. But in past time, there was nothing about the electronic trade which resulted the high-profile scandals which destroyed the whole society faith. By the time technology advancement aids to more acknowledgement and traitous activities. In this paper, the data has been collected through questionnaire from 300 retail investors sample population of Faridabad city. The researcher examined the relationship between the growth and online trading facility of stock market through the correlation technique and significant difference across demographical profile of the respondents which includes age, gender, occupation and annual income by using Anova technique.
KEYWORDS :

Paper Title

LOANS HOME LOAN APPRAISAL PRACTICE IN INDIAN BANKING SECTOR

Abstract

A home loan given by a bank, home loan company or other financial institution for the purchase of a residence either a primary residence, a secondary residence, or an investment residence—in contrast to a piece of commercial or industrial property. In a home mortgage, the owner of the property (the borrower) transfers the title to the lender on the condition that the title will be transferred back to the owner once the final loan payment has been made and other terms of the mortgage have been met. A home mortgage is one of the most common forms of debt, and it is also one of the most recommended. Because they are secured debt—there is an asset (the residence) acts as backing for the loan—mortgages come with lower interest rates than almost any other kind of loan an individual consumer can find. Home mortgages allow a much broader group of citizens the chance to own real estate, as the entire purchase price of the house doesn\'t have to be provided upfront. But because the lender actually holds the title for as long as the mortgage is in effect, it has the right to foreclose one the home (seize it from the homeowner, and sell it on the open market) if the borrower can\'t make the payments.
KEYWORDS :

Paper Title

CONTEMPORARY TRENDS IN MUTUAL FUNDS - SHAREKHAN STOCK BROKERS Ltd.

Abstract

This paper focus on the entire journey of mutual fund industry in India. Its origin, its fall and rise throughout all these years and tried to predict what the future may hold for the Mutual Fond Investors in the long run. A mutual fund, also called an investment company, is an vestment vehicle which pools the money of many investors. The fund\'s manager uses the money collected to purchase securities such as stocks and bonds. The securities purchased are referred to as the fund\'s portfolio. Restrictions on competing products may have acted as a catalyst for the development of money market and (short-term) bond funds. This study was conducted to analyse and compare the performance of different types of mutual funds in India and concluded that equity funds outperform income funds. This study further concludes that equity fund managers possess significant market timing ability and institutions funds managers are able to time their investments, but brokers operated funds did not show market timing ability. Further, it has been found empirically that fund managers are able to time their investments with the conditions in the market, and possesses significant timing ability. Key words: Mutual Fund Industry, India, Equity Fund, Money Market References: 1. Blake D. Allan T (1998). Mutual Fund Performance: Evidence from UK. Eur, Finane 2. Fama EF (1972) Components of investment performance. 3. Ferson WE, Rudi WS (1996). Measuring fund strategy and performance in changing economic conditions. 4. Goodwin TH (1998). The Information Ratio, 5. Gupta A (1974). Performance of Indian mutual fund industry. 6. Henriksson RD, Merton RC (1981). On the Market Timing and Investment Performance of Managed Portfolios II-Statistical Procedures for Evaluating Forecasting Skills.
KEYWORDS :

Paper Title

CONTEMPORARY TRENDS IN MUTUAL FUNDS - SHAREKHAN STOCK BROKERS Ltd.

Abstract

This paper focus on the entire journey of mutual fund industry in India. Its origin, its fall and rise throughout all these years and tried to predict what the future may hold for the Mutual Fond Investors in the long run. A mutual fund, also called an investment company, is an vestment vehicle which pools the money of many investors. The fund\'s manager uses the money collected to purchase securities such as stocks and bonds. The securities purchased are referred to as the fund\'s portfolio. Restrictions on competing products may have acted as a catalyst for the development of money market and (short-term) bond funds. This study was conducted to analyse and compare the performance of different types of mutual funds in India and concluded that equity funds outperform income funds. This study further concludes that equity fund managers possess significant market timing ability and institutions funds managers are able to time their investments, but brokers operated funds did not show market timing ability. Further, it has been found empirically that fund managers are able to time their investments with the conditions in the market, and possesses significant timing ability. Key words: Mutual Fund Industry, India, Equity Fund, Money Market References: 1. Blake D. Allan T (1998). Mutual Fund Performance: Evidence from UK. Eur, Finane 2. Fama EF (1972) Components of investment performance. 3. Ferson WE, Rudi WS (1996). Measuring fund strategy and performance in changing economic conditions. 4. Goodwin TH (1998). The Information Ratio, 5. Gupta A (1974). Performance of Indian mutual fund industry. 6. Henriksson RD, Merton RC (1981). On the Market Timing and Investment Performance of Managed Portfolios II-Statistical Procedures for Evaluating Forecasting Skills.
KEYWORDS :

Paper Title

A STUDY ON BUDGETARY CONTROL - HERO MOTO CORP LIMITED

Abstract

Budgetary control entails the establishment of goals by the management of an organization and designing a process which serves as a framework within which an organization effectively articulates overall planned activities. The quantification of these planned activities in financial terms is known as budgeting, while the establishment of an effective mechanism to guarantee desired result is known as budgetary control. This study therefore seeks to undertake a systematic review of budgeting and budgetary control in Government owned organizations and given the importance of the foregoing, attention was focused on the Nigerian National petroleum Cooperation (NNPC). To achieve the objective of the study, primary data were obtained through the use of a well structured questionnaire administered to the respondents, while the secondary data were obtained from the annual financial statements, files, memos, tax laws and gazette of the NNPC. The findings revealed that a necessary and sufficient condition for achieving effective budgeting and budgetary control is the involvement of all relevant stakeholders in the preparation of the budget, given the established processes in government circles, while emphasizing a deliberate and faithful implementation, by all responsible officers. This rests on the existence of a mental picture of the present state of affairs, vis-à-vis the future expected state of affairs, within the organization. It therefore recommended that since budgeting and budgetary control contributes to management efficiency and high productivity of an organization, all relevant stakeholders must be involved in the budget process, from preparation to implementation, in other to guarantee overall goal attainment.
KEYWORDS :

Paper Title

A STUDY ON ECONOMICAL GROWTH NIZAM PERIOD

Abstract

Hyderabad the biggest regal state in the Indian domain governed by the nizam\'s of the ASAF JAH tradition went through a critical time of the public development somewhere in the range of 1920 and 1938. The nizam\'s administration was absolutist and there was no compelling test to it from individuals. This paper examines the impact of monetary comprehensiveness on financial development in NIZAM period. The job of monetary comprehensiveness on financial development is thusly assessed utilizing a pass sectional boundary relapse strategy. In this paper development and advancement of this peculiarity of monetary patriotism is featured.
KEYWORDS :

Paper Title

SBI MUTUAL FUND SCHEMES

Abstract

In this paper provides evaluating the performance of selected mutual funds, mainly offering different schemes by SBI Mutual Fund house has offered under open ended schemes, over the period April 2009 to march 2020. This study focused on Risk and Return, Risk-return relationship of mutual fund schemes in relation to the benchmark portfolio is computed.
KEYWORDS : Performance evaluation, Risk – return analysis, Treynor, Sharpe, Jenson Model, Alpha, Beta, fund return, Market Return.