Академический Документы
Профессиональный Документы
Культура Документы
G.L.Shekar
NIE, Mysore
MEANING
Hertz rent a car!
Written or implied contract by which an owner (the lessor
) of a specific asset (such as a parcel of land, building,
equipment, or machinery) grants a second party (the
lessee) the right to its exclusive possession and use for a
specific period and under specified conditions, in return
for specified periodic rental or lease payments.
Leasing is a process by which a firm can obtain the use
of a certain fixed assets for which it must pay a series of
contractual, periodic, tax deductible payments
Advantages
The burden and cost of potential obsolescence on
the lessor
Leasing on a short-term basis is more desirable than
an acquisition of assets in a rapidly changing field
Suitable for a firm that needs assets for a specified
period that is substantially less than the useful life of
these assets
Leasing is more flexible than ownership because it is
less permanent and makes adjustments possible
when the lease expires
Sundaram Finance
Cholamandalam
Bajaj Finance
Mannapuram Finance
First Leasing
Sakti Finance
Kotak Mahindra
Portfolio Management
Meaning
The process of managing the assets of a mutual
fund, including choosing and monitoring
appropriate investments and allocating funds
accordingly.
The art and science of making decisions about
investment mix and policy, matching investments
to objectives, asset allocation for individuals and
institutions, and balancing risk against
performance.
Objectives of PM
Tax Planning
A good portfolio should enable its owner to
enjoy a favorable tax shelter (income tax,
capital gains tax, and gift tax)
Appreciation in the value of capital
Liquidity
The portfolio should ensure that there are enough
funds available at short notice to take care of the
investors liquidity requirements.
Safety of the investment
minimize the overall risk or bring it to an acceptable
level by developing a balanced and efficient portfolio.
PMS in India
PMS in India
Powers of SEBI
1. to approve bylaws of stock exchanges.
2. to require the stock exchange to amend their bylaws.
3. inspect the books of accounts and call for periodical returns from
recognized stock exchanges.
4. inspect the books of accounts of a financial intermediaries.
5. compel certain companies to list their shares in one or more stock
exchanges.
6. levy fees and other charges on the intermediaries for performing its
functions.
7. grant license to any person for the purpose of dealing in certain areas.
8. delegate powers exercisable by it.
9. prosecute and judge directly the violation of certain provisions of the
companies Act.
10.power to impose monetary penalties.
The End