The world we live in is no longer a simple one. It is complex. Within this complexity, we wish to live simple lives.The main reason for choosing this topic is to analyse as an Investor the risks associated with equity capital investment in the Indian small cap sector and how to mitigate these capital risks, thereby making an Investor’s life simpler. The methodology deployed will assist an investor in developing an investment philosophy whilst investing in small capital (listed companies) sector in India and keeping in mind the local factors. Investors are free to use or add their own philosophy to further their research. This model has been harnessed carefully under the influence of expert investors, which includes Benjamin Graham (Security Analysis); Warren Buffet; Philip Fisher (Common Stocks And Uncommon Profits); and Aswath Damodaran.
Financial crisis in Zimbabwe have been a common phenomenon in the financial services sector,year after year banks have collapsed despite the fact that they have risk management departments which regularly meet to review their exposure to risk and look at different measures on how to mitigate these risks.Financial institutions practice and value risk management in Zimbabwe because they understand that risk management is core to banking survival, but it was found that risk management techniques and practices are not being practiced effectively due to a variety of reasons and problems.This book provides a variety of risks financial services sector face and their implications to the economy.Financial services sector is core to the economy whenever stakeholders loose confidence in the financial services sector the economy will be affected greatly leading to economic woes as witnessed in Zimbabwe.
Mutual funds are the financial institutions which play a crucial role in mobilizing savings and investing them in the capital market. Thus they establish a link between savings and the capital market. They sell units to the public and invest the proceeds in a large number of market securities. They are expected to reduce risk through diversification and provide the ordinary investors with expert selection and professional monitoring of investment backed by excellent customer service. In general, mutual funds turn to be an important investment vehicle of risk-averse investors who want to reap the benefits of buoyant stock markets, but do not have enough time and resources to enter in to the capital market. In this context, this study analyzes the overall performance of mutual funds in India, examines the relative strength of public and private sector mutual funds and determines the factors determining the growth of mutual funds in India. The important findings are the public sector mutual funds performed well till the entry of private sector mutual funds. But after the reforms, the growth of public sector funds has declined sharply.
The concept of mutual funds was conceived to pool the resources of small investors and deploy the same in the capital markets to help industrialization through participation in the equity and debt instruments. This study is aimed to examine the past trends and future projections besides analyzing risk and return for select schemes of mutual funds in private and public sector in India. The first chapter deals with introduction, origin and growth of mutual funds in India during 1963-2008 and the need for the study. This chapter is intended to trace the historical background of global mutual funds in general and the Indian mutual funds in particular. Apart from this, an analysis of trends in the ‘Assets Under Management'' during 2003-09 relating to the private sector and public sector is presented. In India, there were a few studies on the mutual funds, which have a complete scientific analysis, primarily due to comparatively short period of existence of Mutual funds. However a rigorous scientific research was taken place in this subject in other countries. In this context this book focuses on performance appraisal of mutual funds in India among private vs public sector.
The book explains how interest rate risk exposure affects the financial performance of commercial banks in Uganda. The banking sector in Uganda is extremely exposed to various risk exposures in terms of volatility from exchange rates, currency fluctuations, oil prices shocks and inflation which later affects the lending activities of the banks. The purpose of the study was to highlight the key measures, strategies and best practices of minimizing risk exposures in the banking sector by practicing best risk management approaches in line with the international best practices of managing interest rate risks. The study has created avenues for discussion to the extent that the commercial banks in Uganda has achieved good sound and strong measures of the Camel rating risks measures of financial performance and risk reduction strategies in order to curb future risk exposures in the sector. We explore to encourage readers to compare our approach to bring in more insights to the banking sector best practices of interest rate risk management and best ways to sustain bank performance in the fragile environments especially financial crisis in the global financial markets and fragile economies
Indian banking system has well developed organization in the country. Entrepreneurs and creative thinker were established the most of the banks in India. In the pre –independence era, they provided financial support to the farmers, business community, traders and industrialists in India. At present, largest commercial bank in the country is State Bank of India. . Banking sector in India has seen lots of positive developments in the last decade. The policy makers in India have made lot of efforts to improve the regulation in the banking sector. The banking sector evaluates positive results in growth, profitability, non- performing assets, credit risk and funds management. In this scenario, some of the banks have recognized innovation and growth aspects. Banking industry in India has to strengthen them to support to the Indian economy.
Small scale industries play a key role in the industrialization of developing countries. This is because they provide immediate large –scale employment and has a comparatively higher labour capital ratio: they need a shorter gestation period and relatively smaller markets. They need lower investments, offer a method of ensuring a more and equitable distribution of national income and facilitates an effective mobilization of resources of capital and skill. The small scale sector in India has played a very important role in the socio-economic development of the country during the past 50 years. In has significantly contributed to the overall growth in terms of the GDP, employment generation and exports. The performance of the small scale sector therefore has a direct impact on the growth of the overall economy. This study is restricted to the role of small scale sector in Indian economy. India is a poor country mainly depending on agriculture. The role of small scale sector in its economic development is highlighted. This study deals with the role of SSI in empowering weaker sections. SSI has been considered as one area where women workers are in good number.
Children are not simply small versions of adults but are “energy packets”, due to intense activity and their dynamic state of growth with cells multiplying and organ systems developing, i.e. the number of alveoli increases as they grow. Due to this nature they are considered as the most susceptible and sensitive group of the whole population. In India, children spend a crucial time of the day (about five to six hours) in school buildings, which are usually naturally ventilated. The work highlights children’s exposure due to high levels of PM concentration and metal contamination in school buildings of developing countries like India, where conditions are not so good, leading to increased health symptoms. Thus their health is at greater risk than children without such conditions.
Venture capital (VC) is defined as a professionally managed pool of risk capital invested by venture capital investors (Angel investors) in private companies at various stages of their portfolio companies. Entrepreneurs who create innovations and modern technologies naturally need the venture capitalists to harvest their capital in such a risky, but also fruitful ground. In developing countries, such as India or Iran, there is room for improvement to promote venture capital investment and entrepreneurial investment. What is "Venture Capital Investment" (VCI), and what is its correlation with “Return on Investment” (ROI)? In this book, we attempted to answer these questions via reviewing the condition of venture markets especially in China and India, and also reporting a field study among two category of Indian venture-based and not venture-based firms.
In an attempt to restore banking stability and safety during the 1980''s, bank regulators typically introduced explicit minimum capital regulation to increase capital ratios and moderate risk-taking. The effects of bank regulation on the capital and risk levels of banks are not always as intended; in some cases, promoting moral hazard behaviour and further increasing the probability of insolvency. Some of these effects were at the roots of the Global Financial Crisis. This book aims to explore in greater detail the relationship between capital and risk, the reasons for this relationship and why this relationship in emerging market banks may differ from that of banks in developed markets. A comprehensive analysis of corporate financial theory relating to capital and risk are carried out and form the theoretical basis of this study.
Small Scale Industry today constitutes a very important segment of the Indian Economy. The development of this sector came about primarily due to the vision of Late Prime Minister Jawaharlal Nehru who sought to the development of core industry and to have a supporting sector in the form of small sector and vibrant sector of the economy. Small Scale Industry today constitutes a very important segment of the Indian Economy. The development of this sector came about primarily due to the vision of late Prime Minister Jawaharlal Nehru who sought to develop core industry and to have a supporting sector in the form of Small Sector enterprises. Small Scale Sector has emerged as a dynamic and vibrant sector holds the key to economic prosperity in an economy characterized by abundant labour supply, unemployment and underemployment, capital scarcity, growing modern large industrial sector giving scope for ancillarisation and so on. Small Scale Sector has grown phenomenally during the past five decades besides playing a vital role in the fulfilling of our socio-economic objectives.
A world-renowned money manager shares winning strategies for small-stock investing Since forming Bares Capital Management, Inc. in 2000, Brian Bares has shown that above average returns can be generated through the careful selection of small company common stocks. Additionally, he's shown how concentrating capital in a handful of ideas improves the potential for outperformance by increasing the depth of knowledge of each position and allowing each security to have a more meaningful impact on the portfolio. In The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks Into Big Returns, Bares describes how endowment-model investors and aspiring managers can gain meaningful exposure to small stocks while sidestepping many of the obstacles that have historically prevented institutional investment in the asset class. The book also Details the historical outperformance of small-cap stocks Contrasts the various strategies employed by managers in the space Explains how aspiring managers can structure a firm to boost performance and attract institutional capital Describes how endowment-model institutions can evaluate and engage outside managers for their small-cap allocations Summarizes important topics such as liquidity and the research process Bigger is not better. The Small-Cap Advantage reveals that small stocks have historically performed better than large ones, and that lack of competition in small-cap stocks provides diligent managers with a singular opportunity to outperform.
The present study has focused on following aspects. First, an attempt has been made to examine the importance given to various types of risks being faced by Indian banks. Second, to study the risk management framework among banks, the study examines the size and ownership effect on the Risk Management Practices in banks. Third, we enumerate the growth and performance of banking sector in India since implementation of Basel I. Last issue undertaken in this study is to put forth the major challenges that are being faced by banks in India with the implementation of Basel II Accord and to suggest the procedures to face these challenges.
The Foreign Direct Investment (FDI) has become a main source of foreign capital flow and leading source of external financing for developing economies. Since 1991, due to liberalization of policies towards foreign investment, there was a positive response from capital exporting countries and at the same time India also witnessed an increasing trend of FDI inflows. It is also observed that the liberalization of FDI policies offers opportunities as well as threats for firms, but the importance of FDI extends beyond the financial capital that flows into the firms. The Indian Pharmaceutical Sector is also an interesting and relevant context for several reasons. It is one of the most vibrant knowledge driven industries in India with consistent growth over the past three decades. FDI in pharmaceutical sector in India is also an interesting area for research due to many reasons. Taking into consideration the important of FDI and the significance attached, the present study is carried out to analyse the trends of FDI inflows in India in the Post-Liberalization period with special reference to Indian Pharmaceutical Sector.
This theoretical study presents the different phasesfor the evolution of Basel Accords since 1988, andthe continual efforts of Basel Committee on bankingsupervision to set out an effective framework toimprove the banking sector governance andperformance. In literature, compliance with Baselrequirements concerning minimum capital requirements,powerful supervision and effective market disciplinethrough information transparency and disclosure hasattracted many researchers to study its impact onbank performance and cost of capital. In spite of therisk-based capital adequacy, regulatory andsupervisory requirements set by Basel Accords, thefinancial crisis 2007, which causes instability andturmoil in the whole banking sector, was inducedmainly by weak risk management measures, such asstress testing and other risk management tools thatwere unable to forecast the losses and the adverseunexpected outcomes and determine the size of capitalneeded to overcome severe shocks.