20-07-2012, 03:55 PM
Study of existing key retail outlet and prospect of new outlet
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INTRODUCTION
RELIANCE COMMUNICATION
Reliance – Anil Dhirubhai Ambani Group, an offshoot of the Reliance Group founded by Shri Dhirubhai H Ambani (1932-2002), is among India’s top three private sector business houses on all major financial parameters, with a market capitalisation of Rs.325,000 crores (US$ 81 billion), net assets in excess of Rs.115,000 crores (US$ 29 billion), and net worth to the tune of Rs.55,000 crores (US$ 14 billion).
Across different companies, the group has a customer base of over 100 million, the largest in India, and a shareholder base of over 12 million, among the largest in the world.
Through its products and services, the Reliance - ADA Group touches the life of 1 in 10 Indians every single day. It has a business presence that extends to over 20000 towns and 4.5 lakhs villages in India, and 5 continents across the world.
The interests of the Group range from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to generation, transmission and distribution of power (Reliance Energy), infrastructure and entertainment.
Reliance Communications is India’s largest information and communications service provider with over 50 million subscribers. The company is the realisation of our founder’s dream of bringing about a digital revolution that will provide every Indian with affordable means of communication and a ready access to information.
Mutual Fund Regulations
The second is the UTI Mutual Fund Ltd, sponsored by SBI, PNB, BOB and LIC. It is
registered with SEBI and functions under the Mutual Fund Regulations. With the
bifurcation of the erstwhile UTI which had in March 2000 more than Rs.76,000 crores of assets under management and with the setting up of a UTI Mutual Fund, conforming to the SEBI Mutual Fund Regulations, and with recent mergers taking place among different private sector funds, the mutual fund industry has entered its
current phase of consolidation and growth. As at the end of September, 2004, there were 29 funds, which manage assets of Rs.153108 crores under 421 schemes.
Why one should invest in mutual funds?
Mutual funds are preferable mode of investment due to the following reasons:
• Reduction of risk
• Professional Management
• Tax benefits
• Low transaction costs
• Highly regulated
• Liquidity
• Easy to administer
Why one should not invest in mutual funds?
The following are the reasons, which are deterrent to mutual fund investment:
• No control over costs
• No tailor made portfolios
• Managing a portfolio of funds
Constitution of a Mutual Fund
There are a number of bodies that form a part of the mutual fund, they are as follows:
• Sponsors
corporate acting alone or in combination with another body corporate established a mutual fund after initiating and completing the formalities.
• Trustees
The sponsor is the company which sets up the mutual fund. It means anybody
The management of the mutual fund is subject to the control of the board of trustees of the fund. They guide the operations of the fund and carry the crucial responsibility to see that AMC always act in the best interest of the investors.