It offers a full range of Banking & Financial Services to its over 2.8 million customers.
It has 47 branches & 170 ATMs across 26 cities.
It has over 34,000 employees in its Banking, Investment Banking & Capital Markets.
With Asset Management, 2 Global IT development centres & 6 Global resourcing operations in the country.
Sale of Stake in Investsmart to HSBC
HSBC acquired 29.36% stake in IL&FS InvestSmart Ltd.
HSBC acquired 43.85% of InvestSmart from E*TRADE Mauritius Ltd.
HSBC has accepted shares to Public shareholders equivalent to 20.65% of InvestSmart’s capital.
Thus, it has completed its acquisition of 93.86% of IL&FS for a consideration of US$296.4 million.
Vision & Mission Vision :To become the preferred long term financial partner to a wide base of customers whilst optimizing stakeholders value. Mission: To establish a base of 1 million satisfied customers by 2010. We will create this by being a responsible and trustworthy partner.
PRODUCT PROFILE All the products of IL&FS can be broadly divided into the following two categories:
Continued………. Opportunities:- Right Time to Investors to re-enter into market. Huge untapped Markets. Increasing number of Graduates. Increase Tie-ups for Fund Transfer. Threats:- Stiff Competition. Increasing awareness of Mutual Funds & ULIPS.
Unit-linked insurance plans, popularly known as Ulips are life insurance policies which offer a mix of investment and insurance similar to traditional life insurance policies, but with one major difference.
Unlike traditional policies, in Ulips investment risk lies with the insured (i.e., policy holder) and not with the insurance company
Different types of charges under ULIPs Premium Allocation Charge Fund Management Charge (FMC) Policy Administration Charge Surrender Charge Switching Charge Mortality charge Rider premium charge Partial withdrawal charge
ULIPs work on the lines of mutual funds. The premium paid by the client (less any charge) is used to buy units in various funds (aggressive, balanced or conservative) floated by the insurance companies.
Units are bought according to the plan chosen by the policyholder. On every additional premium, more units are allotted to his fund.
Types of Mutual Fund Scheme By Structure Open ended Scheme. Close ended Scheme. Interval Scheme. By Investment Objective Growth Scheme. Income Scheme. Balanced Scheme. Money Market Scheme. Other Schemes Tax Saving Scheme. Special Scheme.
Advantages of Investing in Mutual Funds Diversification Professional management Liquidity Convenience
Disadvantages of Investing in Mutual Funds No Guarantees Fees and commissions Taxes Management risk
Factors consider by investors before investing in ULIPS and Mutual fund
Information Sources helpful to the investor in making investment decision
Preference of investor regarding different types of funds
The reasons for investing in ULIPS 49 31 11 7 2 53 34 8 3 2 38 34 14 9 5 22 23 13 29 13
The reason for investing in Mutual Fund 24 26 8 21 16 48 39 5 6 2 32 28 7 24 9
Preference of ULIPS or mutual fund on the basis of following factors
Investment in ULIPS and Mutual fund by risk profile
Expected annual Return from both ULIPS and Mutual fund
Preferred tenure of investment for ULIPS and Mutual Fund
Awareness among peoples regarding the controversy of ULIPS
Preferred investment option for investing their money in future
Findings People are aware regarding ulips &Mutual fund but, the awareness regarding mutual fund is high comparative to ulips. People with high income group are more likely to invest their money but, people who invest in both ulips and mutual fund mostly belongs to the income group of more than 6 lacs. Broker and reference group plays an important role while making an investment decision of an investor. Open ended funds & closed funds are more popular among investors of Ludhiana.