Standard Chartered Bank (SCB) had acquired the interest of ANZ Banking Group in the ANZ Grind lays Asset Management Company Private Limited and ANZ Grind lays Trustee Company Private Limited and subsequently these entities were renamed as Standard Chartered Asset Management Company Private Limited and Standard Chartered Trustee Company Private Limited. SCB has contributed an amount of Rs. 10,000/- to the corpus of the Fund. SEBI has approved the change in the name of the Fund to Standard Chartered Mutual Fund vide letter no: MFD/PM/017/2001 dated Feb 26, 2001. A deed of amendment to the Trust Deed dated March 2. ANZ Grindlays Mutual Fund, which has been renamed as Standard Chartered Mutual Fund ("the Mutual Fund" or "the Fund") had been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) vide a Trust Deed dated December 29, 1999.
Standard Chartered Mutual Fund within a short time span of under three years manages assets in excess of Rs. 9200 crs in its seven open-ended 100% equity free schemes. Standard Chartered Mutual Fund galvanized on otherwise dormant segment of debt funds with the launch of several innovative products and services. Chief among them being the introduction of the Short-term plan, the Medium term Plan and a truly actively managed debt fund-the Dynamic Bond Fund and redemptions the very next day for all classes.
Tags: Standard Charted credit appraisal system, Credit risk applications of Standard Charted, Market segmentation of Standard Charted bank, Strategic decisions of Standard Charted bank
[...] In India the face value of units of most mutual funds is Rs. 10.however, while deciding prices, incentives, brokerage commission also need to be decided in advance because of the expenses towards these bills affect the ultimate returns to the investors. Promotion and distribution of the products Any new product of mutual fund may be having all the desired qualities but that does not ensure spontaneous acceptance by the customers. Success would greatly depend on the appropriate distribution and promotional strategy. [...]
[...] Change in demographic factors Change in economic factors VISION AND MISSION Vision The key objective of standard chartered is to be a dominant player in the Indian mutual fund space, recognized for its high levels of ethical and professional conduct and a commitment towards enhancing investor interest. By the end of 2007 they aim to have established: A reputation for innovative thinking in the areas that matter to the company and to their stakeholders and customers. Monitoring programs to identify and tackle potential risks to the company, its shareholders and customers. [...]
[...] Growth and Development of the Organization Standard Chartered Mutual Fund within a short time span of under three years manages assets in excess of Rs crs in its seven open-ended 100% equity free schemes. Standard Chartered Mutual Fund galvanized on otherwise dormant segment of debt funds with the launch of several innovative products and services. Chief among them being the introduction of the Short-term plan, the Medium term Plan and a truly actively managed debt fund. Future Plans of the Organization In future the Standard Chartered Mutual funds are going to introduce new schemes they are as follows:- WEEKENDING PARKING In spite of the curiosity of working capital management the investors are very cautious about managing their money during weekends. [...]
[...] As an international and multicultural organization, Standard Chartered is committed to ensuring that that local nationalities are appropriately reflected in the composition of the workforce at all levels. They are also committed to improving the representation of employees, particularly women at senior levels, to ensure they accurately reflect the composition of the markets in which they operate. Human Capital Management They have developed an integrated approach to human capital management, aligning people processes to the strategic goals of the organization, in order to drive improved business performance. [...]
[...] The general nature of job specifications that Standard Chartered Mutual Funds services looks in a candidate is as follows Education appropriate for a post which is applied is required for the candidate, but every candidate should be of graduate level which is compulsory for all jobs. Suitable experiences in the related fields are considered. Good communication skills necessary for communicating with people about there products. Good computer skills. Good sensory skills such as sight and hearing. Judgment skills. Good initiative skills. [...]
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