Investments Through Mutual Fund Sip ? Systematic Investment Planning

Posted by admin in Investment on Jul 19th, 2010 | 0 comments

There are a couple of ways that you can invest in a Mutual fund; one is a one time payment and the other through periodic investments. The later is termed to be Mutual Fund SIP. When you go for one time investments, you just hand over the cheque and you get your fund units depending on the value which is called Mutual NAV (Net Asset Value) of the units on that particular day. When you go in for this kind of investments a couple of factors creep in that determines the number of units you get. A small percentage of your investment is charged as an administrative fee and is termed as entry load. The other charge that is levied is the Mutual Fund NAV, which is the price of the unit of a fund. Say if you are investing Rs 9000/ and if one particular unit costs Rs 30/, then the total number of units that you get to purchase is 300. The other type of investment is done periodically instead of a one time down payment. This kind of investment planning is called Mutual Fund SIP (Systematic Investment Planning). This type of investment is done when you tend to go for high capital gains and you need to invest a bigger amount, but find it difficult to invest it at a single time.

It is then that the concept of Systematic Investment Planning creeps in. If you intend to invest a sum of Rs 10,000/ into a particular Mutual Fund, but your current financial obligations prevents you from doing so, then with the concept of SIP, you breakdown your investment principle into equal installments month wise. If a monthly investment of Rs 1000 is done at the end of the year you end up investing a sum of 12000/. Unlike general investment where you pay an entry load, SIP usually doesn’t charge any fee, though as of late some companies have started to in the form of exit loads, which is a fee charged when you sell your units. The minimum amount that has to be invested during a one time investment is Rs 5000/, where as incase of a SIP it could be Rs 500/ or more (depending on the company). In most cases payments through SIP is done month wise, but companies also gives their customers the option of making the payments half-yearly or quarterly. Payments are basically made Electronic Clearance Service from your bank; this means the mutual fund will, as per your instructions, debit a certain amount from your account every month. If you don’t have the required money in your account, then for that month, no units will be allocated to you. But, if this continues periodically, the mutual fund will discontinue the SIP.

It is a compulsion that you state to the company as to how long you long you would want the SIP. After that during the course of the period if you realize that you can’t continue with the SIP, all you have to do is inform the fund 15 days prior to the payout. The SIP will be discontinued. You can continue to keep your money with the fund and withdraw it when you want. The amount invested till then will be considered as the total investment made. Investing in Mutual Fund through SIP makes your budget more disciplined. Every month you are forced to keep aside a fixed amount. It helps you make money over the long term. Since you get more units when the NAV (charge/unit) drops and fewer when it rises, the cost averages out over time. So you tide over all the ups and downs of the market without any drastic losses. In case of SIP basically no fees are charged, but if you sell your units in a year time you pay and exit load. Hence it pays to invest in a longer run. The best way to enter a mutual fund is via an SIP. But to get the benefit of an SIP, think of at least a three-year time frame when you won’t touch your money.

Creating Your Own Business Management System

Posted by admin in Business management on Jul 19th, 2010 | 0 comments

In order to see if your business is indeed bringing in your wanted profits, you need to monitor your business. However, it is quite daunting for you to constantly check everything yourself. Thus, you need to set up your own business management system.

Setting up such a system can be very easy. However, depending on the size of your business, the actual system may range from simple pen and paper record keeping to whole computer networks keeping track of every branch of your business. Also, you will find yourself changing from one system to another to cope with your demands.

The first step in setting up a management system is determining the individual sections that you need to include. Note that, although you need to monitor every part of your business, not all need to be put under a management system. This is to make the set-up simpler, since some tasks can be handled easily even if not part of your management plan.

The most important parts of the business that you need to focus on are accounting, personnel management and financial matters. These are the ones that play a big part in business operations. You need to determine the size and scope of each area before you can set up an efficient system. Hiring business consultants can help you in identifying these more correctly.

Once you have identified this, you then need to devise the actual management system. This includes deciding on what method to use, implementing it and checking its progress . As have been said before, your decision will be determined by the actual scope of the areas that needed to be covered.

However, you also need to consider if you have the resources to implement such a system. For example, if you don’t have that much money to buy a computer, you will have to stick with pen and paper spreadsheets to do your accounting work. On the other hand, if your business is quite large or has several branches, it would be a good idea invest in a computer system.

Once implemented, you need to maintain the system in order for it to work. Again, with a small business, you can take this task to yourselves. In a larger one however, you will need to hire additional personnel to take over these duties. Remember that you also need to take this into account when planning beforehand to avoid running into problems during implementation.

The last thing that you need to do is assessing the performance of the system. You need to keep a regular report of the business’ progress in order to determine if the management system is indeed working. If you find that something is not going according to your plans, remedy them immediately to avoid the larger problems that they might bring.

Business Management Games

Posted by admin in Business management on Jul 19th, 2010 | 0 comments

Business management games are typically simulation games that attempt to capture the reality of operating or running of a business.  A simulation game is a reenactment of a real life situation in the form of a game.  They are used in the corporate world for training, analysis and prediction.  Other simulation games can be war games and role playing games. simulation games are a genre of education games.

A properly structured business management game uses the general principles of management to develop an interesting and educational model of good business practice. From an educational perspective players gain the opportunity to develop their skills and knowledge in the world of business through their observations and experiences throughout the game. 

If the game is of top quality it will enable the player to witness the impact of their pricing decisions, what happens when a business increases its prices and what happens in the competitive market when a business reduces its prices. The player also witnesses what happens when a business grows and diversifies; what happens with the economies of scale. Players realise the difficulties of maintaining the profits of a business in the long run.

Business management gamescan be based on a number of different scenarios. Some examples to show the diversity of these games include the tycoon games.  There are over thirty tycoon games. The first of these was Railroad Tycoon.   Other notable business games include Profitville, Restaurant Empire, Road to Riches and Supermarket Management.

In a business management game or business simulation game a scenario is developed in an artificial situation and the player is provided with the opportunity to make decisions on what they would do given certain variables.  Frequently these options come in the form of multiple choice.  After making a decision the variables of the game change and this makes the player aware of the impact of their decision.  Throughout the game or at certain points the game provides feedback. This feedback is provided either immediately or as the game progresses..

Some more sophisticated business management games are multiplayer and involve role playing. These games normally require a game master. They tend to be turn based whereby each player gets his opportunity to make his contribution.  Some of these games have been digitised from original board games. In these games, especially if they are promoted at a corporate level, there are commonly analysing and lecturing sessions. 

Researchers of multiplayer games have shown that supply and demand markets exist for virtual items which cross over to the real world.  For the crossover the requirements of the game include the ability for players to provide a market for other players within the game using virtual currency and this currency can be exchanged for real currency in the real world.

Regardles of whether or not business management games are sophisticated or simple, corporate or personal they are great to play and provide for great fun games online.

Business Quiz

Posted by admin in Business Quotations on Jul 19th, 2010 | 0 comments

Quiz Questions

 

1)      We have learned that if we provide people with an occasion & an excuse to shop, they will come is the Golden words of whom?

      Ans:Kishore Bayani

 

2)      Auto Biography of JRD TATA?

       Ans: Beyond the Last Blue Mountain

 

3)      Auto Biography of Krishna Kumar Birla?

       Ans:Brushes with History

 

4)      It happened in India is the Auto Biography of whom?

        Ans: Kishore Bayani( The chairman of Future Group)

 

5)      The end of Ecconomic Man is the famous book written by whom?

        Ans:Peter F Drucker

 

6)      “Imagining India “ recently published book authored by?

 

Ans: Nandan M Neelakeni

      

7)      Tag Line of Sony?

 

Ans: Like no other

     

8)      India’s Family Store is the punchline of ?

     

             Ans: Pantaloon

 

9)      Name of the Family Store owned by Kumar Mangalam Birla?

 

Ans:More

10)  Net Safe Credit Card is introduced by which Bank?

 

Ans: HDFC

      

       11)”Ab Khulke Jeeyo India” is the Advertisement slogan of which Company?

            

            Ans:Samsung

 

       18) What do you meant by ADAG?

            Ans:ANIL DHIRUBHAI AMBANI GROUP

 

       19)King Fisher Red is the former name of which Airlines?

 

        Ans:Air Decan.(which was taken over by Vijaymalia Group)

 

20)        Founder of Air Decan?

 

         Ans: Captain Gopinath

21)World’s Local Bank is the punch line of which bank?

 

      HSBC

22) ACRONYM OF HDFC?

       Housing Development Finance Corporation

 

23)NASDAQ is Acronym for?

 

       National Association of Securities Dealers Automated Quotations

 

24)Expand ICICI?

 

      Industrial Credit And Investment Corporation of India

 

25)One Family One Bank?

 

      Bank of Maharashtra

 

26)Express Yourself is the Punchline of Airtel then Experience Yourself is the Tagline of …?

 

      Tamil Nadu Tourisem

 

27)Celebrate Life is the Tag line of which Company?

 

     Dabur

 

28) Founder of Dabur India ltd/

 

     SK.BURMAN

 

29)Babool Tooth paste is introduced by which company?

 

      Balsara

 

30)Best Employer in India 2007?(Advertisement slogan)

 

     Aditya Birla Group

 

31) Power of Simplicity is the punch line of Tally,then Sense & Simplicity is the Tagline of which company?

 

    Philips

 

32)Which Company brings CNBC Channel in India?

 

     TV 18

 

33)Inspire the Next is the punch line of which company?

 

     Hittachi

 

34)Born in Japan Entertaining the World?

 

      Sansui

35)Series of Mobile showrooms set by Reliance?

 

       Web World

36)Which Leadership Guru Coined the term Transformational Leadership?

 

      James Macgregor Burns

 

37)City Bank co-brands cards for which oil company?

 

      HP

 

38)”This company is Applying thought which Company?

 

      Wipro

 

39)Harmony is the name of which companies Textiles?

 

       Wipro

 

40)Magic is the Brand name of which Mobile Prepaid Card?

 

       Airtel

 

41)Which Car gives you Fun on the Run?

 

       Alto

 

42)Who has been appointed as the CEO of the ICICI Bank with Effect from May-1,2009?

 

       Chanda D Kochhar

 

43)Who is the first Asian to be appointed as Deputy Speaker of Lord House UK/

 

      Lord Swaraj Paul

 

44)Who is the present Finance Secretary of India/

 

       Arun Ramanathan

 

45)With which form of Economy is the term “Laissez-faire associated?

 

       Capitalist Economy

 

46)SAARC Was formed in?

 

       Dec.1985

 

47)Tata’s Nano Project was shifted from Singure to which place?

 

      Sanand in Gujarat

 

48)Next SAARC Meeting is held where?

 

      Maldives

 

49)The 15th ASEAN Regional Forum Meeting was held in ?

      Singapore

 

50) Who is the present Chairman of SEBI?

 

       CB.BHAVE(Chandrasekhar Bhaskar Bhave)

 

51)In the Contest of Mutual Fund SIP stands for?

 

       Systematic Investment Plan

 

52)New Board of Directors of Satyam Computers appointed by Government?

 

       Deepak S Parekh(Chairman of HDFC)

       Kiran Karnik(former president of NASSCOM)

       C.Achuthan(Director at NSE,Former Member of SEBI,Former Chairman of SAT)