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Venkataraman, R.
- Evaluation of Growth of Mutual Funds and Exchange Traded Funds in India
Authors
1 Presidency College, Bangalore, IN
2 Bharathiar University, Coimbatore, IN
Source
SDMIMD Journal of Management, Vol 7, No 1 (2016), Pagination: 41-47Abstract
Investors are always baffled about the risk-return characteristics of their investments. There is often the challenge of the alternative between active&passive investments. In case of active mutual funds there are numerous categories of active funds each tracking a different benchmark. It often leads to confusion about how the performance can be compared between one fund to another. The growth of ETFs' has been phenomenal in the recent years due to various advantages of an exchange traded fund compared to the mutual fund as lower cost of management, lesser dependence on fund manager, ease of transaction to name a few. In this context the research analysedthe passive ETF's&prominent Mutual funds both active and passive to justify superior returns at lower risk. The research was based on secondary data, for a period of 5 years i.e. from 2010 to 2015.The various tools used were Sharpe Ratio, Jenson's Alpha, Treynor's Ratio and Tracking error. The study recommends fund houses to implement proactive strategies to reduce tracking error and make ETF's a better alternative for investment.Keywords
Mutual Funds, Exchange Traded Funds, Tracking Error and Jenson’s Alpha.Full Text
- Analysis of Factors Determining Financial Literacy Using Structural Equation Modelling#
Authors
1 Bharathiar University, Coimbatore, IN
2 Presidency College, Bangalore, IN
Source
SDMIMD Journal of Management, Vol 9, No 1 (2018), Pagination: 19-29Abstract
Financial literacy will enable better decision making and efficient management of funds. The knowledge of basic foundations of time value can result in building a robust portfolio. The recent initiatives by the government on financial inclusion aids in promoting faster access to transfer benefits. The policy implementation on bank accounts for all, linking of Aadhar to the accounts, insurance of minimum sum assured for all and the basic annuation schemes are some of the initiatives well devised by the Modi Government. The RBI on the other hand, had initiated various financial literacy programmes to have significant inclusion. The key to successful inclusion is financial literacy. In this context, the paper attempted to identify factors that determine financial literacy. The data was collected through primary sources trough structured questionnaire. The tools used for the analysis was confirmatory factor analysis and structural equation modelling. The factors identified were financial attitude, behavioural factors, financial knowledge and influence and among the factors financial knowledge and influence were observed to predict financial literacy.
Keywords
Behavioural Finance, Financial Literacy, Financial Inclusion.Full Text
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- A Study on Impact of Generational Affiliation on Psychological Contract
Authors
1 Presidency College, Bengaluru – 560024, Karnataka, IN
2 Canara Bank School of Management, Bengaluru – 560048, Karnataka, IN
Source
SDMIMD Journal of Management, Vol 10, No 2 (2019), Pagination: 9-16Abstract
In recent years, human resource practitioners focused much on generational gap subsists among employees, which is creating considerable challenges to employers in effectually managing the diversified work force. The various mutual obligations that are unwritten exist between the employer and the employee in an organization is referred to as Psychological Contract. This obligation varies among generations. Various theories of psychological contract showed that because of the various unfolds of the process of the junctures of employment gives rise to different shapes to the psychological contract. (Rousseau and Parks 1993).
The modern organization in recent times struggling to have a productive workforce over their competitors in the market. In order to accomplish that it is crucial to understand the mutual implied obligations and fulfil the same. Employees revert by expressing high intention to leave because of low organizational commitment, unhappy with the job, low citizenship behavior if employer fails to fulfil these unwritten requests.
It is observed that limited research has been done, which explores the correlation among psychological contract and different generations. And also understanding the obligations of employer to different generation is becoming obligatory. Considering this as a research gap, the present paper is trying to bridge this gap by studying the influence of generations over psychological contract.
The objective in this paper is to understand the relationship among generation and its affiliation on psychological contract. The paper is both explorative and descriptive in nature. The sample comprises employees of IT industries. A survey is proposed to conduct on these employees using questionnaire method.
Keywords
Generational Affiliation, Obligations, Psychological Contract.Full Text
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