mutual funds-mahindra finance
TRANSCRIPT
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CHAPTER-1
INTRODUCTION TO MUTUAL FUNDS
Mutual Funds are investment institutions set up to manage money pooled in from the public. The
advantages of investing in Mutual Funds are the professional expertise they employ coupled with
the variations offered on the basis of asset classification and the diversification of the chosen
portfolio aimed at optimizing the risk for the required return.
The benefits that can be accrued from Mutual Funds are
The schemes could be added to the portfolio with online updates for monitoring the
performance of your investments in Mutual Funds.
The comprehensive search, which gets you the fund matching your criteria.
The comparison of various schemes of different Mutual Funds based on the critical and
most sought after investment criteria.
The analysis of different schemes and the outlook for the same.
List of new launches in the market provided continuously.
Basically, Mutual funds are trusts that are formed to mobilize the savings from the people and
pool them together to invest within the securities markets. The main advantage of mutual funds
is that it is professionally managed. And the general idea is for investors to contribute small
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amounts into units in the various schemes, which in turn is deployed in the various markets. This
way, any investor who is not in a position to directly invest in the markets can take advantage of
this route.
UTI is the oldest of Indian mutual funds, having entered the arena with the launch of the Unit
Scheme - 64 in 1964, hence the alphanumeric name. It was only in 1998 that other public sector
banks were allowed to enter into the segment which was followed by a whole range of Asset
Management companies including almost all the leading international portfolio managers
including Merrill Lynch, Templeton, and Prudential among others.
There are several different ways one can diversify a portfolio, such as the different categories of
the Morningstarstyle box, which contain several different asset classes. But another common
way to diversify is between the various sectorsof the economy. This is usually accomplished
with mutual funds that concentrate in one of the major sectors, such as natural resources or
utilities. This article will examine the nature and composition ofsector fundsand the advantages
and disadvantages that they present to investors.
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OBIECTIVES
1. PRIMARY OBJECTIVE
1. TO know about the current Mutual funds available in India
2. SECONDARY OBJECTIVE
1. TO know how mutual funds are investing the funds in different sector
2. To suggest the investor about which mutual fund should be invest in better sector
3. To study the benefits of investing in different Mutual funds
4. To know how to invest in mutual funds
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CHAPTER-2
METHODLOGY
A Research work requires a lot of information to be gathered. This information can be gathered
through 2 sources.
1. Primary source of data collection: In this method, we collect the data for the first
time i.e., first hand information through surveys, observations etc.,
2. Secondary source of data collection: In this method , we collect the information
which is readily available. The present project work is depending on secondary
sources of information gathering.
1. DATA COLLECTION
In the present project work the data as been collected from readily available source
that is secondary data like websites newspapers and magazines the sample size taken for study 5
companies
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THE WEB SITE VISITED
1. WWW.AMFI.COM.
2. MONEY.REDIFF.COM.
2. DATA ANALYSIS
The present project work as been analyzed using time series analysis with graphical
presentation the formula applied in the calculation or as follows
FOR MUTUAL FUNDS
NAV RETURNS
1. AVG RETURNS=ri/n
2. RISK RETURNS=
NEED AND SCOPE
At the present trend in mutual funds investor are investing in different sectors .it is a
good advantage for the investors and also benefit for the investors and investor can reduce risk
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in mutual fund. In the sectorial funds we have diversified companies and sectors funds of bank
.the investor must choose and invest the funds in the different sectors and the companies the
finance manager as to suggest the investor there is no relationship between the funds. You can
invest in any funds
Now a days good scope is their for the mutual funds .the financial managers as to
decide whether he as to invest in share stock, bonds and sectors to get the more benefits for funds
so invest in good profitability sector. Then the financial manager can reduce the risk from the
investors. The scope of study is confirmed to the sectorial funds available in India mutual fund
market
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LIMITATIONS :
The following are the limitations of the study.
The study is based on the secondary data which is available from various websites.
The study is limited to only 10 securities.
The time taken to undertake the project work is very short; hence only 10securities were
chosen for the study.
CHAPTER-3
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LITERATURE SURVEY
UNDERSTANDING MUTUAL FUND
Mutual fund is a trust that pools money from a group of investors (sharing common financial
goals) and invest the money thus collected into asset classes that match the stated investment
objectives of the scheme. Since the stated investment objectives of a mutual fund scheme
generally form the basis for an investor's decision to contribute money to the pool, a mutual fund
can not deviate from its stated objectives at any point of time.
Every Mutual Fund is managed by a fund manager, who using his investment management skills
and necessary research works ensures much better return than what an investor can manage on
his own. The capital appreciation and other incomes earned from these investments are passed on
to the investors (also known as unit holders) in proportion of the number of units they own.
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When an investor subscribes for the units of a mutual fund, he becomes part owner of the assets
of the fund in the same proportion as his contribution amount put up with the corpus (the total
amount of the fund). Mutual Fund investor is also known as a mutual fund shareholder or a unit
holder.
Any change in the value of the investments made into capital market instruments (such as shares,
debentures etc) is reflected in the Net Asset Value (NAV) of the scheme. NAV is defined as the
market value of the Mutual Fund scheme's assets net of its liabilities. NAV of a scheme is
calculated by dividing the market value of scheme's assets by the total number of units issued to
the investors.
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For example:
A. If the market value of the assets of a fund is Rs. 100,000
B. The total number of units issued to the investors is equal to 10,000.
C. Then the NAV of this scheme = (A)/(B), i.e. 100,000/10,000 or 10.00
D. Now if an investor 'X' owns 5 units of this scheme
E. Then his total contribution to the fund is Rs. 50 (i.e. Number of units held multiplied by the NAV of
the scheme)
ADVANTAGES OF MUTUAL FUND
S.
No.
Advantage Particulars
1.Portfolio
Diversification
Mutual Funds invest in a well-diversified portfolio of securities which
enables investor to hold a diversified investment portfolio (whether the
amount of investment is big or small).
2.
Professional
Management
Fund manager undergoes through various research works and has better
investment management skills which ensure higher returns to the investor
than what he can manage on his own.
3. Less Risk
Investors acquire a diversified portfolio of securities even with a small
investment in a Mutual Fund. The risk in a diversified portfolio is lesser than
investing in merely 2 or 3 securities.
4. Low
Transaction
Due to the economies of scale (benefits of larger volumes), mutual funds pay
lesser transaction costs. These benefits are passed on to the investors.
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Costs
5. Liquidity
An investor may not be able to sell some of the shares held by him very
easily and quickly, whereas units of a mutual fund are far more liquid.
6.
Choice of
Schemes
Mutual funds provide investors with various schemes with different
investment objectives. Investors have the option of investing in a scheme
having a correlation between its investment objectives and their own
financial goals. These schemes further have different plans/options
7. Transparency
Funds provide investors with updated information pertaining to the markets
and the schemes. All material facts are disclosed to investors as required by
the regulator.
8. Flexibility
Investors also benefit from the convenience and flexibility offered by Mutual
Funds. Investors can switch their holdings from a debt scheme to an equity
scheme and vice-versa. Option of systematic (at regular intervals) investment
and withdrawal is also offered to the investors in most open-end schemes.
9. Safety
Mutual Fund industry is part of a well-regulated investment environment
where the interests of the investors are protected by the regulator. All funds
are registered with SEBI and complete transparency is forced.
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DISADVANTAGES OF MUTUAL FUND
S.
No.Disadvantage Particulars
1.
Costs Control
Not in the
Hands of an
Investor
Investor has to pay investment management
fees and fund distribution costs as a
percentage of the value of his investments
(as long as he holds the units), irrespective of
the performance of the fund.
2.
No Customized
Portfolios
The portfolio of securities in which a fund
invests is a decision taken by the fund
manager. Investors have no right to interfere
in the decision making process of a fund
manager, which some investors find as a
constraint in achieving their financial
objectives.
3.
Difficulty in
Selecting a
Suitable Fund
Scheme
Many investors find it difficult to select one
option from the plethora of
funds/schemes/plans available. For this, they
may have to take advice from financial
planners in order to invest in the right fund to
achieve their objectives.
TYPES OF MUTUAL FUNDS
General Classification of Mutual Funds
Open-end Funds | Closed-end Funds
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Open-end Funds
Funds that can sell and purchase units at any point in time are classified as Open-end Funds. The
fund size (corpus) of an open-end fund is variable (keeps changing) because of continuous
selling (to investors) and repurchases (from the investors) by the fund. An open-end fund is not
required to keep selling new units to the investors at all times but is required to always
repurchase, when an investor wants to sell his units. The NAV of an open-end fund is calculated
every day.
Closed-end Funds
Funds that can sell a fixed number of units only during the New Fund Offer (NFO) period are
known as Closed-end Funds. The corpus of a Closed-end Fund remains unchanged at all times.
After the closure of the offer, buying and redemption of units by the investors directly from the
Funds is not allowed. However, to protect the interests of the investors, SEBI provides investors
with two avenues to liquidate their positions:
1. Closed-end Funds are listed on the stock exchanges where investors can buy/sell units
from/to each other. The trading is generally done at a discount to the NAV of the scheme.
The NAV of a closed-end fund is computed on a weekly basis (updated every Thursday).
2. Closed-end Funds may also offer "buy-back of units" to the unit holders. In this case, the
corpus of the Fund and its outstanding units do get changed.Load Funds | No-load Funds
Load Funds
Mutual Funds incur various expenses on marketing, distribution, advertising, portfolio churning,
fund manager's salary etc. Many funds recover these expenses from the investors in the form of
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load. These funds are known as Load Funds. A load fund may impose following types of loads
on the investors:
Entry Load - Also known as Front-end load, it refers to the load charged to an investor
at the time of his entry into a scheme. Entry load is deducted from the investor's
contribution amount to the fund.
Exit Load - Also known as Back-end load, these charges are imposed on an investor
when he redeems his units (exits from the scheme). Exit load is deducted from the
redemption proceeds to an outgoing investor.
Deferred Load - Deferred load is charged to the scheme over a period of time.
Contingent Deferred Sales Charge (CDSC) - In some schemes, the percentage of exit
load reduces as the investor stays longer with the fund. This type of load is known as
Contingent Deferred Sales Charge.
No-load Funds
All those funds that do not charge any of the above mentioned loads are known as No-load
Funds.
Tax-exempt Funds | Non-Tax-exempt Funds
Tax-exempt Funds
Funds that invest in securities free from tax are known as Tax-exempt Funds. All open-end
equity oriented funds are exempt from distribution tax (tax for distributing income to investors).
Long term capital gains and dividend income in the hands of investors are tax-free.
Non-Tax-exempt Funds
Funds that invest in taxable securities are known as Non-Tax-exempt Funds. In India, all funds,
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except open-end equity oriented funds are liable to pay tax on distribution income. Profits arising
out of sale of units by an investor within 12 months of purchase are categorized as short-term
capital gains, which are taxable. Sale of units of an equity oriented fund is subject to Securities
Transaction Tax (STT). STT is deducted from the redemption proceeds to an investor.
BROAD MUTUAL FUND TYPES
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1. Equity Funds
Equity funds are considered to be the more risky funds as compared to other fund types, but they
also provide higher returns than other funds. It is advisable that an investor looking to invest in
an equity fund should invest for long term i.e. for 3 years or more. There are different types of
equity funds each falling into different risk bracket. In the order of decreasing risk level, there
are following types of equity funds:
a. Aggressive Growth Funds - In Aggressive Growth Funds, fund managers aspire for
maximum capital appreciation and invest in less researched shares of speculative nature.
Because of these speculative investments Aggressive Growth Funds become more volatile
and thus, are prone to higher risk than other equity funds.
b. Growth Funds - Growth Funds also invest for capital appreciation (with time horizon of
3 to 5 years) but they are different from Aggressive Growth Funds in the sense that they
invest in companies that are expected to outperform the market in the future. Without
entirely adopting speculative strategies, Growth Funds invest in those companies that are
expected to post above average earnings in the future.
c. Speciality Funds - Speciality Funds have stated criteria for investments and their
portfolio comprises of only those companies that meet their criteria. Criteria for some
speciality funds could be to invest/not to invest in particular regions/companies. Speciality
funds are concentrated and thus, are comparatively riskier than diversified funds.. There
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are following types of speciality funds:
i. Sector Funds: Equity funds that invest in a particular sector/industry of the
market are known as Sector Funds. The exposure of these funds is limited to a
particular sector (say Information Technology, Auto, Banking, Pharmaceuticals or
Fast Moving Consumer Goods) which is why they are more risky than equity
funds that invest in multiple sectors.
ii. Foreign Securities Funds: Foreign Securities Equity Funds have the option to
invest in one or more foreign companies. Foreign securities funds achieve
international diversification and hence they are less risky than sector funds.
However, foreign securities funds are exposed to foreign exchange rate risk and
country risk.
iii. Mid-Cap or Small-Cap Funds: Funds that invest in companies having lower
market capitalization than large capitalization companies are called Mid-Cap or
Small-Cap Funds. Market capitalization of Mid-Cap companies is less than that of
big, blue chip companies (less than Rs. 2500 crores but more than Rs. 500 crores)
and Small-Cap companies have market capitalization of less than Rs. 500 crores.
Market Capitalization of a company can be calculated by multiplying the market
price of the company's share by the total number of its outstanding shares in the
market. The shares of Mid-Cap or Small-Cap Companies are not as liquid as of
Large-Cap Companies which gives rise to volatility in share prices of these
companies and consequently, investment gets risky.
iv. Option Income Funds*: While not yet available in India, Option Income Funds
write options on a large fraction of their portfolio. Proper use of options can help
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to reduce volatility, which is otherwise considered as a risky instrument. These
funds invest in big, high dividend yielding companies, and then sell options
against their stock positions, which generate stable income for investors.
d.
e. Diversified Equity Funds - Except for a small portion of investment in liquid money
market, diversified equity funds invest mainly in equities without any concentration on a
particular sector(s). These funds are well diversified and reduce sector-specific or
company-specific risk. However, like all other funds diversified equity funds too are
exposed to equity market risk. One prominent type of diversified equity fund in India is
Equity Linked Savings Schemes (ELSS). As per the mandate, a minimum of 90% of
investments by ELSS should be in equities at all times. ELSS investors are eligible to
claim deduction from taxable income (up to Rs 1 lakh) at the time of filing the income tax
return. ELSS usually has a lock-in period and in case of any redemption by the investor
before the expiry of the lock-in period makes him liable to pay income tax on such
income(s) for which he may have received any tax exemption(s) in the past.
f. Equity Index Funds - Equity Index Funds have the objective to match the performance
of a specific stock market index. The portfolio of these funds comprises of the same
companies that form the index and is constituted in the same proportion as the index.
Equity index funds that follow broad indices (like S&P CNX Nifty, Sensex) are less risky
than equity index funds that follow narrow sectoral indices (like BSEBANKEX or CNX
Bank Index etc). Narrow indices are less diversified and therefore, are more risky.
g. Value Funds - Value Funds invest in those companies that have sound fundamentals and
whose share prices are currently under-valued. The portfolio of these funds comprises of
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shares that are trading at a low Price to Earning Ratio (Market Price per Share / Earning
per Share) and a low Market to Book Value (Fundamental Value) Ratio. Value Funds may
select companies from diversified sectors and are exposed to lower risk level as compared
to growth funds or speciality funds. Value stocks are generally from cyclical industries
(such as cement, steel, sugar etc.) which make them volatile in the short-term. Therefore,
it is advisable to invest in Value funds with a long-term time horizon as risk in the long
term, to a large extent, is reduced.
h. Equity Income or Dividend Yield Funds - The objective of Equity Income or Dividend
Yield Equity Funds is to generate high recurring income and steady capital appreciation
for investors by investing in those companies which issue high dividends (such as Power
or Utility companies whose share prices fluctuate comparatively lesser than other
companies' share prices). Equity Income or Dividend Yield Equity Funds are generally
exposed to the lowest risk level as compared to other equity funds.
2. Debt / Income Funds
Funds that invest in medium to long-term debt instruments issued by private
companies, banks, financial institutions, governments and other entities belonging
to various sectors (like infrastructure companies etc.) are known as Debt / Income
Funds. Debt funds are low risk profile funds that seek to generate fixed current
income (and not capital appreciation) to investors. In order to ensure regular
income to investors, debt (or income) funds distribute large fraction of their surplus
to investors. Although debt securities are generally less risky than equities, they are
subject to credit risk (risk of default) by the issuer at the time of interest or principal
payment. To minimize the risk of default, debt funds usually invest in securities
from issuers who are rated by credit rating agencies and are considered to be of
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"Investment Grade". Debt funds that target high returns are more risky. Based on
different investment objectives, there can be following types of debt funds:
a. Diversified Debt Funds - Debt funds that invest in all securities issued by entities
belonging to all sectors of the market are known as diversified debt funds. The best
feature of diversified debt funds is that investments are properly diversified into all sectors
which results in risk reduction. Any loss incurred, on account of default by a debt issuer,
is shared by all investors which further reduces risk for an individual investor.
b. Focused Debt Funds* - Unlike diversified debt funds, focused debt funds are narrow
focus funds that are confined to investments in selective debt securities, issued by
companies of a specific sector or industry or origin. Some examples of focused debt funds
are sector, specialized and offshore debt funds, funds that invest only in Tax Free
Infrastructure or Municipal Bonds. Because of their narrow orientation, focused debt
funds are more risky as compared to diversified debt funds. Although not yet available in
India, these funds are conceivable and may be offered to investors very soon.
c. High Yield Debt funds - As we now understand that risk of default is present in all debt
funds, and therefore, debt funds generally try to minimize the risk of default by investing
in securities issued by only those borrowers who are considered to be of "investment
grade". But, High Yield Debt Funds adopt a different strategy and prefer securities issued
by those issuers who are considered to be of "below investment grade". The motive
behind adopting this sort of risky strategy is to earn higher interest returns from these
issuers. These funds are more volatile and bear higher default risk, although they may
earn at times higher returns for investors.
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d. Assured Return Funds - Although it is not necessary that a fund will meet its objectives
or provide assured returns to investors, but there can be funds that come with a lock-in
period and offer assurance of annual returns to investors during the lock-in period. Any
shortfall in returns is suffered by the sponsors or the Asset Management Companies
(AMCs). These funds are generally debt funds and provide investors with a low-risk
investment opportunity. However, the security of investments depends upon the net worth
of the guarantor (whose name is specified in advance on the offer document). To
safeguard the interests of investors, SEBI permits only those funds to offer assured return
schemes whose sponsors have adequate net-worth to guarantee returns in the future. In the
past, UTI had offered assured return schemes (i.e. Monthly Income Plans of UTI) that
assured specified returns to investors in the future. UTI was not able to fulfill its promises
and faced large shortfalls in returns. Eventually, government had to intervene and took
over UTI's payment obligations on itself. Currently, no AMC in India offers assured
return schemes to investors, though possible.
e. Fixed Term Plan Series - Fixed Term Plan Series usually are closed-end schemes having
short term maturity period (of less than one year) that offer a series of plans and issue
units to investors at regular intervals. Unlike closed-end funds, fixed term plans are not
listed on the exchanges. Fixed term plan series usually invest in debt / income schemes
and target short-term investors. The objective of fixed term plan schemes is to gratify
investors by generating some expected returns in a short period.
COMPANY PROFILE
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OVERVIEW
Mahindra embarked on its journey in 1945 by assembling the
Willys Jeep in India and is now a US $7.1 billion Indian
multinational. It employs over 1,00,000 people across the
globe and enjoys a leadership position in utility vehicles,
tractors and information technology, with a significant and
growing presence in financial services, tourism, infrastructure
development, trade and logistics. The Mahindra Group today is
an embodiment of global excellence and enjoys a strong
corporate brand image.
Mahindra is the only Indian company among the top tractor
brands in the world. It is today a full-range player with a
presence in almost every segment of the automobile industry,
from two-wheelers to CVs, UVs, SUVs and sedan. Mahindra
recently acquired a majority stake in REVA Electric Car Co Ltd.
(now called Mahindra REVA), strengthening its position in the
Electric Vehicles domain.
The Mahindra Group expanded its IT portfolio when Tech
Mahindra acquired the leading global business and
information technology services company, Satyam Computer
Services. The company is now known as Mahindra Satyam.
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Mahindra is also one of the few Indian companies to receive
an A+ GRI checked rating for its first Sustainability Report for
the year 2007-08 and has also received the A+ GRI rating for
the year 2008- 09.
HISTORY
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Few groups can identify as closely with India's
destiny and industrial progress as the
Mahindra Group. In fact, Mahindra is like a
microcosm of India. Both were born around the
same time, had the same aspirations and both
experienced the inevitable troughs
and crests in the journey towards their goals. And both
continue to march on the path to progress and global
recognition.
The birth of Mahindra & Mahindra began
when K.C. Mahindra visited the United States
of America as Chairman of the India Supply
Mission. He met Barney Roos, inventor of the
rugged 'general purpose vehicle' or Jeep and
had a flash of inspiration: wouldn't a
vehicle that had proved its invincibility on the battlefields of
World War II be ideal for India's rugged terrain and its kutcha
rural roads?
Swift action followed this thought. The Mahindra brothers
joined hands with a distinguished gentleman called Ghulam
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Mohammed & on October 2nd, 1945, Mahindra & Mohammed
was set up as a franchise for assembling Jeeps from Willys,
USA.
Two years later, India became an independent nation and
Mahindra & Mohammed changed its name to Mahindra &
Mahindra. Ghulam Mohammed migrated to Pakistan post-
partition and became the first Finance Minister of Pakistan.
Since then, Mahindra & Mahindra has grown steadily in size
and stature and evolved into a Group that occupies a premier
position in almost all key sectors of the economy. The Group's
history is studded with milestones. Each one taking the Group
forward. In fact, today, its total turnover is about 6.3 billion
dollars.
Mahindra is a group in a hurry, engaged in an ambitious,
sustained and prolonged penetration into the global arena. Its
spirit can be encapsulated in the words of the poet Robert
Frost, a favourite of India's first Prime Minister, Pandit
Jawaharlal Nehru:
"The woods are lovely, dark and deep,
But I have promises to keep,
And miles to go before I sleep,
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And miles to go before I sleep."
For Mahindra & Mahindra, this translates into many more
milestones to be set up before it rests. If ever.
BOARDS OF DIRECTORS
The Board of Directors of the Company has, as its members,
eminent persons from Industry, Finance, Investment and other
branches of business, who bring diverse experience and
expertise to the Board.
The Company's current Board of Directors is as follows:
NAME DESIGNATION
1. Mr. Keshub
Mahindra
Chairman
2. Mr. Anand G.
Mahindra
Vice Chairman and
Managing Director
http://www.mahindra.com/OurGroup/management_bod.html#kushubmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#kushubmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#anandmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#anandmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#kushubmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#kushubmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#anandmahindrahttp://www.mahindra.com/OurGroup/management_bod.html#anandmahindra -
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3. Deepak Shantilal
Parekh
Director
4. Nadir Burjorji
Godrej
Director
5. M. M. Murugappan Director
6. Bharat Narotam
Doshi
Executive Director &
Group Chief Financial
Officer (Group CFO)
7. Arun Kumar Nanda Executive Director
8. Narayanan Vaghul Director
9. Dr. Ashok Sekhar
Ganguly
Director
10. R. K. Kulkarni Director
11. Anupam Pradip
Puri
Director
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12. Arun Kanti
Dasgupta
Nominee of LIC
MAHENDRA FINANCE
The US $6.7 billion Mahindra Group is among the top ten industrial
houses in India and is the only Indian company among the top
three tractor manufacturers in the world. The Mahindra group has,
over the years, established a significant presence in all the crucial
sectors of the Indian economy. Consistently setting new
standards, it is now considered to be one of the key performers of
the country.
The company was originally set up in 1945 as Mahindra &
Mohammed. Later, after the partition of India, Ghulam Mohammad
returned to Pakistan and became the nation's first finance
minister. Hence the name was changed from Mahindra &
Mohammed to Mahindra & Mahindra in 1948.
While retaining its core values of introducing rural India to
technological advancements, the company has steadilytransformed itself into a group that caters to the Indian and
overseas markets with a presence in various business sectors:
Automotive, Farm Equipment, Financial Services, Systech, After-
Market, Information Technology, Specialty Business, Infrastructure
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Development, Trade, Retail and Logistics.
Steered by Chairman Keshub Mahindra and Managing Director
Anand Mahindra, Mahindra & Mahindra has constantly grown in
size and stature and evolved into a group that occupies premier
position in almost all the sectors in which they operate. Making
state-of-the-art technology an accessible and affordable
commodity is what takes the company from strength to strength
with every passing year.
With over 62 years of manufacturing experience, the Mahindra
Group has built a strong base in technology, engineering,
marketing and distribution which are vital to its evolution as a
customer-centric organisation. The group employs over 75,000
people and has several state-of-the-art facilities in India and
overseas.
The US $6.7 billion Mahindra Group is among the top ten industrial
houses in India and is the only Indian company among the top
three tractor manufacturers in the world. The Mahindra group has,
over the years, established a significant presence in all the crucial
sectors of the Indian economy. Consistently setting new
standards, it is now considered to be one of the key performers of
the country.
The company was originally set up in 1945 as Mahindra &
Mohammed. Later, after the partition of India, Ghulam Mohammad
-
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returned to Pakistan and became the nation's first finance
minister. Hence the name was changed from Mahindra &
Mohammed to Mahindra & Mahindra in 1948.
While retaining its core values of introducing rural India to
technological advancements, the company has steadily
transformed itself into a group that caters to the Indian and
overseas markets with a presence in various business sectors:
Automotive, Farm Equipment, Financial Services, Systech, After-Market, Information Technology, Specialty Business, Infrastructure
Development, Trade, Retail and Logistics.
Steered by Chairman Keshub Mahindra and Managing Director
Anand Mahindra, Mahindra & Mahindra has constantly grown in
size and stature and evolved into a group that occupies premier
position in almost all the sectors in which they operate. Making
state-of-the-art technology an accessible and affordable
commodity is what takes the company from strength to strength
with every passing year.
With over 62 years of manufacturing experience, the Mahindra
Group has built a strong base in technology, engineering,
marketing and distribution which are vital to its evolution as a
customer-centric organisation. The group employs over 75,000
people and has several state-of-the-art facilities in India and
overseas.
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FINANCIAL SERVICES
Finance is a major impetus for
the growth of automotive
products and this led to the
Groups foray into financial
services through Mahindra
Finance and its subsidiary.
Together, a cluster of these
companies forms the Trade
and Financial Services Sector
of the Mahindra Group.
Mahindra & Mahindra Financial Services Ltd (Mahindra
Finance) is one of 's leading non-banking finance companies
focused on providing finance for utility vehicles, tractors and
cars in the rural and semi-urban sector. Mahindra Finance
currently has the largest network of over 436 branches . It
has entered into more than 600,000 customer contracts and
has disbursements of around Rs. 21000crore since inception.
Mahindra Insurance Brokers, a wholly owned subsidiary of
Mahindra Finance, is one of the few insurance broking
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companies in to receive the ISO 9001:2000 Certification for
Quality Management Systems. It provides direct insurance
broking for retail and corporate customers with a wide and
comprehensive range of plans for Life and Non-life Insurance
segments. Under the Non-life Insurance category, Personal,
Industrial, Commercial, Social and Liability products are
available.
Mahindra Rural Housing Finance Ltd (MRHFL) is a
wholly owned subsidiary of Mahindra & Mahindra Financial
Services (MMFSL). It has been recently set up with an
objective of meeting the housing finance needs of the
rural/semi urban customers across the country.
Mahindra Finance About MMFSL
Mahindra and Mahindra Financial
Services Limited is one of Indiasleading non-banking finance companies.
Through a vast network of branches, we
provide personalized finance for the
widest range of utility vehicles, tractors
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and cars, focusing on the rural and semi-
urban sector.
MMFSLs rural financing is considered as the cornerstone of
poverty reduction, rural development and inclusive growth in
many parts of the country. With a majority of our countys
population living in rural India, our loans to over 900,000
customers belonging to the low income groups have proved to
be a catalyst in helping rural India surge ahead in a big way.
Our unique business model is socially inclusive as we help
customers who are at the bottom of the income or social
pyramids to grow by providing them loans based on their future
earning capacities. It is also our continuous endeavor to develop
skill sets at the local level. We currently provide employment to
over 6200 people who belong to the areas in which we serve,ensuring that our employees truly understand their customers.
Since 1945, we, at the Mahindra Group, have remained and will
continue to remain partners in the progress of rural India,
through both growth and turbulence. We salute the spirit of
every Indian living off the land and move ahead, trying to
understand the financial needs of rural India and tapping into
this vast market of unbounded opportunities.
Our goal is to be the preferred provider of retail financing
services in the rural and semi-urban areas of India, while our
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strategy is o provide a range of financial products and services
to our customers through our nationwide distribution network.
Our Vision
To be leading financial services provider in semi-urban and
rural India
MAHENDRA INSURANCE BROAKERS
* Legal Entity Mahindra & Mahindra Financial Services Limited
Overview
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Mahindra Insurance Brokers Ltd. is
one of the few insurance broking
companies in India who have been
awarded the prestigious ISO
9001:2000 Certification for Quality
Management Systems. MIBLs aim is
to play a predominant role in the
insurance broking industry in India
while focusing on providing innovative
solutions, greater value to customers,superior
quality of service and professional manpower
keeping in mind the spirit of social responsibility.
Committed to maintaining a high standard of
excellence, MIBL has empanelled itself with variouspublic and private insurance companies to offer
highly customised solutions to its customers. A
determined, dynamic and highly competitive
insurance broking company, MIBLs core asset is the
delivery of timely and cost-effective insurance
solutions.
MIBL was granted a Direct Broker License by the
Insurance Regulatory and Development Authority
(IRDA) on May 2004 for undertaking direct insurance
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broking in Life and Non-Life businesses.
MIBL undertakes direct insurance broking business,
both in the Life and Non-Life insurance segments
with a focus on Retail and Commercial lines of
businesses.
Our Vision:
To be among Indias leading Insurance Brokers.