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SHRI. D.B. PAWAR COLLEGE OF MANAGEMENT

MANUR, KALWAN, NASHIK.

YEAR 2009-11.

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* c$%c.c(/c1%( %%c(c+c#+$!)+$c(%!$'c$c (0$(& (!c%c)+ c1%( %%c$%c
c
e) FINANCIAL RISK:-
ccccccccccccccc(+()+c$%c%c+%%)+! c!*c!* c% c.c 1!c.(+()(/c1'c)&#+( %c(+()+c$%c
(00 %c!* c)() #!c.c.(+()+c 0 $+/ c

c c :<c
c c
c
c
f) LIQUIDITY RISK:-
ccccccccccccccc E!'c$%c%c!* c$%c+%%)+! c!*c#+$!)+$c% )(+$'c&+$ !c(c*)*c+c% )$!'c
!$+ %c
* c&$ c() $!+(!'c+1!c!* c!& c  & (!c+(c!* c#$) c)() %%(,c!* c/$ +! $c!* c3
E!'c$%%c
c
g) EXCHANGE RATE RISK:-
cccccccccccccccc
!c$ . $%c!c!* c0+$+1!'c(c$ !$(%c c!c)$$ ()'c.)!+!(%c
c
h) COUNTRY RISK:-
cccccccccccccccc(!$'c$%c%c+%c$ . $$ c!c+%c#!)+c$%cK!*c&$ c(0 %!$%c(0 %!(/c(! $(+3
!(+',c1!*c$ )!'c+(c($ )!',c!* c )(&)c%!+1!'c+(c$ +1!'c%c!c1 c)(% $ c
c
c

TYPES OF RISK

1. SYSTEMATIC RISKO c

cccccccccccc
!c%c!* c$%c+!!$1!+1 c!c+c$+c&+)$3c.+)!$%c+.. )!(/c+c% )$! %c
c
2. NON SYSTEMATIC:
ccccccccccc%c+!!$1!+1 c!c.+)!$%c(E c!c!* c% )$!'c
ccccc
!+c$%c$c'%! &+!)c$%cQc(c'%! &+!)c$%ccc
c
cccc$c&(&2(/c!* c$%c!c%c( ) %%+$'c!c0 $%.'c0 $c(0 %!& (!%cc
ccccccccccccccccc$c& +%$(/c#$!.c$%c%c& +%$ c1'c!* c0+$+() c8c$c%!+(+$c 0+!(9c.c!%c
$ !$(c !*/*c!* c "# )! c$ !$(c(c#$!.c%c!* c /*! c+0 $+/ c.c!* c "# )! c$ !$(%c
(c(0+c% )$! %c(c!* c#$!.,c#$!.c$%8c& +%$ c1'c!* c0+$+() c$c%!+(+$c 03
+!(9c%c(!c!* c /*! c+0 $+/ c.c!* c$%%c.c(0+c% )$! %c(c!* c#$!.c8c ") #!c
* (c!* c$ !$(%c.$&c!* c% )$! %c+$ c()$$ +! 9c
c

(c%'&1%Hcccccccccc8#9cPcScKcc8cc9c

c c :=c
c c
c
c
c c c c c
c ccccc
cc c
ccccccccccccc c
ð
c c
 c K cc cc— c c
 c
 
c
ccccccccccccccccccc
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c
c

Types of Portfolio:-

c c :>c
c c
c

AGGRESSIVE PORTFOLIO:-
ccccccccccObjective: Growthc
*%c%!$+! /'c&/*!c1 c+##$#$+! c.$c(0 %!$cc*c% c/*c
/$!*c+(c*c)+(c! $+! c c.)!+!(%c(c&+$ !c0+ %,c0 $c!* c%*$!c! $&c

 
 


Stock

Bonds
X

GROWTH PORTFOLIO:-
Objective: Growthc
*%c%!$+! /'c&/*!c1 c+##$#$+! c.$c(0 %!$%c*c*+0 c+c#$ . 3
$ () c.$c/$!*c+(c*c)+(c!*%!+(c%/(.)+(!c.)!+!(%c(c&+$ !c0+ cc
c

a 
 



Stock

Bonds
A

Short-
Term

c
c
c c

c c :?c
c c
c
cccccBALANCED PORTFOLIO:-c
cccccccccc1- )!0 Hc+#!+c+##$ )+!(c+(c()& c
*%c%!$+! /'c&/*!c1 c+##$#$+! c.$c(0 %3
!$%c*c+(!c!* c#! (!+c.$c)+#!+c+##$ )+!(c+(c%& c/$!*,c+(c*c)+(c!*%!+(c
& $+! c.)!+!(%c(c&+$ !c0+ %c
c


 

Stocks


Bomds


Short-Term

c
c
c

CONSERVATIVE PORTFOLIO:-
ObjectiveOc
()& c+(c)+#!+c+##$ )+!(c
*%c%!$+! /'c&+'c1 c+##$#$+! c
.$c(0 %!$%c*c+(!c!c#$ % $0 c!* $c)+#!+c+(c&(&2 c.)!+!(%c(c&+$ !c0+ cc
c
c

   
 


Stock


Bonds

Short-Term


c
c

c c :Bc
c c
c
c
c
c
INTERRELATIONSHIP AMONG VARIOUS PHASES OF PORTFOLIO

c 



cc


c G

c
c


c
c
c 
cc
Tc 
c

c
c 

cc
3

c

c
c
c
 

cc

c
c



cT

c
c

c 

c

c

c


c 

c
c

c c ACc
c c
c
c

ADVANTAGE OF PORTFOLIO MANAGEMENT SERVICE:-

c
c
CUSTOMIZED PORTFOLIOS:-
ccccccccccccccc
+$3&+ c(0 %!& (!c%!$+! / %c!c%!c(0+c$ E$ & (!%c
c
INDIVIDUALU MANAGED ACCOUNTSH3c
ccccccccccccccc$0 %c+c. "1 c.$&+!c.$c#!&2(/c$ !$(%c!*$/*c1 !! $c(.$&+!(c%#3
#$!N) (!c% $0)(/Hc /+$c(0 %!& (!%c%)%$ %c&+ c!* c(0 %!$c. c)&.$!+1 c+(c(c
)(!$c.c*%c&( 'c

SUPPORTIVE TAX STRUCTURE:-c

+"c)*+(/ %c%##$!c$% c(c E!'c

ccccccThere is a cut in Capital gains tax on listed equities:-


c.$c*(/%cUc;&!*%c

;CIc8.$&c:CI9c.$c*(/cV;&!*%cc

SEBI regulatedHcc
c /+! c(%!$'c&+ %c!* c(0 %!$c. c)&.$!+1 c!*c!* c(0 %!& (!c! )*3
(E %c+#! c!c#!&2 c$ !$(%c
c
c
c

c c A;c
c c
c

INVESTMENT STRATEGY IN PORTFOLIO MANAGEMENT:-

Öc FOCUS ON SELECT/CLEAR STOCK OPPORTUNITIES:

ccccccccc
(0 %!& (!%c(c%!)%c* $ c!* $ c%c+c) +$c +$((/%c0%1!'c
c
Öc RELATIVELY CONCENTRETED PORTFOLIO:
ccccccccc c$!.c)&#%!(c.c(!c&$ c!*+(c<3:Cc%!)%c.c*+!c!* $ c+$ c)&# (/c##$3
!(! %c
c
Öc USAGE OF DERIVATIVES AS A TOOL:
cccccccccc( c&%!c*+0 c+c%  )!0 c% c.c $0+!0 %c(c0+$%c#!(%c!c (*+() c$ !$(%cNc#$!.3
c#$! )!(c

Öc FLEXIBLE CASH ALLOCATION STRATEGY:

ccccccccccK c*+0 c+(c ..) (!c+)+!(c+&(/c+%% !%c!*c. "1!'c!c%!c(c;CCIc)+%*c

PRODUCT OFFERING IN PORTFOLIO MANAGEMENT:-

Rc ABSOLUTE FREEDOM OPTION:

c*/*'c. "1 c(0 %!& (!c#!(c!*+!c "#!%c(0 %!& (!c##$!(! %c+)$%%c!* c1$+c
%# )!$&c.c+$/ c)+#,c&c)+#c+(c%&+c)+#c%!)%c
c
Rc LARGE-CAP OPTION:
c#$! )!0 c(0 %!& (!c#!(c!*c#$ &(+(!c(0 %!& (!%c(c+$/ c)+#c%!)%c!*+!c (%$ %c
E!'c+(c $c&#+)!c)%!%ccc

Rc ³MID/SMALL-CAP OPTION:
(c+//$ %%0 c#!(c!*+!c*+$( %% %c#! (!+c.c)&#+( %c(c!* c&c)+#N%&+c)+#c% /& (!c
c
c

c c Ac
c c
c

COMPONENTS OF PORTFOLIO:-
c
'c Bonds

'c Mutual Funds

'c Insurance

'c Tax Planning

'c Commodities

'c Stocks

ccccccccccccccc c(/3! $&c(0 %!& (!c%!$+! /'c$ E$ %c&$ c!*+(c+c#+%%0 c4(0 %!@+(@.$/ !5c+#3
#$+)*c() c'D0 c)$ +! c+(c(0 %!& (!c%!$+! /'c+(c1!c'$c#$!.,c'D0 c!+ (c!* c
.$%!c%! #%c!+$c$ +)*(/c'$c.(+()+c/+%c %c!& c#+%% %,c'cc( c!c$ 0 c'$c
#$!.c$ /+$'c!c&+ c%$ c'c%!+'c(c!$+)cc

c
FIXED DEPOSITS:-
c
%c!* c(+& c%// %!%,c!c%c!* c #%!c.c&( 'c.$c+c." c# $c!*c+c%# ).)c(! $ %!c$+! c
(c
!*%c!* c+&(!c.c&( 'c #%! c)+((!c1 c!*$+(c1 .$ c!* c# $c.c&+!$!'c+(c.c(c
)+% c!* c+&(!c$c!* c#+$!c.c+&(!c%c!*$+(c1 .$ c!* c# $c.c&+!$!'c!* (c+c%# ).)c
. %c%c )! c.$&c!* c!!+c+&(!c+(c!* c$ %!c+&(!c%c*+( c0 $c!c!* c #%!$cc
c
ccccccccccccccc
(c!* c)(! "!c.c(0 %!& (!,c!c%c)(% $ c!c1 c!* c%+. c(0 %!& (!c+%c!* c$ !$(c%c
+%%$ c1!c!* c$+! c.c$ !$(c%c+c1!cc$ 0 $c %%c# # c+$ c+!!$+)! c!+$%c" c 3
#%!%c+%c!* 'c)+(D!c!*$+c!* c&( 'c1 .$ c!* c&+!$!'c# $c+(c1 )+% c.cc$+! c.c(3
! $ %!c+%c)&#+$ c!c!* $c(0 %!& (!%c

c c A:c
c c
c

INSURANCE:-
c
 # c1'c(%$+() c#) %c.$c!* c%+. !'c.c!* $c.+&'c& &1 $%c+(c!* $c#$)!%c

(%$+() c%c( ) %%+$'c!c (%$ c!*+!c!* c1+%)c( ) %%! %c.c. ,c)&.$!c+(c# +%$ c $0 c1'c
+c.c%c.$&c$c0(/c)(!( c!c1 c+0++1 c.$c%c
c
ccccccccccccc # c1'c. c(%$+() c#)'c1 )+% c!* 'c$ +2 c!* c( c.c#$! )!(c.$c!* $c
.+& %c+.! $c!* $c +!*c$c.c+c$ % $0 c.$c & $/ () %c+(c.c+!(+c()& c.$c+! $c' +$%cc
c
ccccccccccccc . c(%$+() c#$! )!%c+/+(%!c%%c.c()& c.c+(c(0+c . c(%$+() c %c(!c
#$! )!c!* c+%% !c
!c+%c %c(!c#$ 0 (!c!%c%%c
c!c)+(c1 c%+c!*+!c(%$+() c)0 $%c!* c$%c.c( D%c. c+(c#$# $!'c
c
ccccccccccccc c.(+& (!+c#$()# c.c(%$+() c%c!c#!c'c(c!* c%+& c.(+()+c)(!(c+.! $c
!* c%%c$c(-$'c+%c'c $ c1 .$ c!c
* c+&c.c+c(%$+() c%c!c)&# (%+! c!* c( $c
+/+(%!c%%c+$%(/c.$&c+c0+$ !'c.c$%%,c*)*c* c+(!)#+! %,c!c*%c. ,c#$# $!'c+(c1%3
( %%c c(%$+() c)(!$+)!%c+$ c1+% c(c!* c(.$&+!(c#$0 c1'c!* c(%$ c(c!* c#$#%3
+c.$&c
c

Types Of Insurance AvailableH3c

ic !c
(%$+() cc

oc
cK*  $c
(%$+() cc
oc +$c
(%$+() cc
oc && $)+c *) c
(%$+() cc

ic && $)+c
(%$+() cc

c c AAc
c c
c
oc /$)!$ c
(%$+() cc
oc $ c
(%$+() cc
oc
(%!$+c
(%$+() cc
oc +$( c
(%$+() cc
oc *#c
(%$+() cc

Öc & c
(%$+() c

Öc . c
(%$+() c

oc )) (!c
(%$+() cc
ic 
c )) (!c
(%$+() cc
ic  $%(+c )) (!c
(%$+() cc

oc  +!*c+$ c
(%$+() cc
ic  )+c
(%$+() cc
ic $!)+c
( %%c
(%$+() cc
ic ccc
$+0 c
(%$+() c
c
c
c
c
c
c
c

c c A<c
c c
c

LIFE INSURANCE:-
c
. c
(%$+() c#)'c%c!* c&%!c##+$c+(c!+ (c1'c!* c&%!c(&1 $c.c# # c+('c.c%c
1'c. c(%$+() c#) %,c1 )+% c c+(!c!c&+ c%$ c$c0 c( %c$ &+(c.(+()+'c% 3
)$ c+.! $c c c
(%$+() c)&#+( %c.. $c1!*c(0+c+%c c+%c/$#c(%$+() c#) %c
c

Calculation of Life Insurance Amount/Premium:-

(0+%c/ !!(/c+c. c(%$+() c)0 $c*+0 c!c#+'c!* c&(!*'NE+$! $'N*+.c' +$'N' +$'c
#$ &&N. c(%$+() c$+! ,c*)*c # (%c(c!* c+&(!c(%$ c
* c#$ &&c+&(!c+%c
()$ +% %c$c )$ +% %c!*c.. $ (!c. c(%$+() c#+(%,c+/ c.c!* c(0+c !)c
* c)&#+('c
#+'%c!* c.c(%$+() c+&(!c !* $c(c!* c +!*c.c!* c(0+c$c!* c "#$'c.c!* c#)'c
*)* 0 $c%c +$ $c . c(%$+() c#)'c)+(c1 c$ (  c+.! $c!* c "#$'c& c(%$+() c
)&#+( %c.. $c+c%)(!c* c$ ( (/c!* c#) %c.c "%!(/c) (!%c
* c(%$+() c%c( c
+.! $c+c& )+c "+&(+!(c.c!* c(0+c1 (/c(%$ cc
c
c

Benefits of Life Insurance Policy:-

Öc . c(%$+() c)'c)+(c1 c% c!c+0+c+(%c.$&c1+(%cc

Öc
(0+%Nc/$#%c)+(c+%c+0+c!+"c1 ( .!c1'c(0 %!(/c(c!cc

Öc . c(%$+() c#)'c+%c+)!%c+c/c%+0(/c!c& !c!*c!* c.!$ c

( %cc

c c A=c
c c
c

LIFE INSURANCE CLAIM PROCEDURE:-

* c(%$ c)+(c(!.'c!* c)&#+('c!*+!c!* c#+'& (!c%c c( $c!* c! $&%c.c!* c#)'c
*%c

)+(c1 c( c+!c!* c "#$'c.c!* c. c(%$+() c#)'c
(c)+% c.c!* c +!*c.c!* c# $%(c(%$ %,c
!* c1 ( .)+$',c$ ) 0 %c!* c+&(!c.c. c(%$+() c
(c)+% c.c +!*c.c(%$ ,c(%$+() c
)&#+( %c)+(c$ #+! c!* c)+&c
*%c%c( c!c (%$ c!* c#$! )!(c.c!* c) (!c
* c#$) 3
$ c/ ( $+'c!+ %c.$&c>3;<c+'%cc
c
c

INSURANCE COMPANIES:-

. c
(%$+() c (3 . c
(%$+() c
Vc
c Vc
* c c
(+c
Vc


c$ (!+c %%$+() c
Vc c!+(+$c . c Vc
+!+c
c
Vc
+!+c
c $+c(c Vc '+c(+$+&c
. c Vc *+&+(++&c
Vc &c!+c Vc  +() c
Vc c+(&+$c
Vc  ! . c
(+c
Vc 
 c
Vc
c'%+'+c
Vc +"c c$c

c
c

c c A>c
c c
c

ROLE OF LIFE INSURANCE:-

 c;Hc . c(%$+() c+%c4

(0 %!& (!5c

 cHc . c(%$+() c+%c4%c)0 $5c

 c:Hc . c(%$+() c+%c4
+"c#+(((/5c

c
c
c

UNIT LINK INSURANCE POLICIES (ULIPs):-

c
%!c(%$ $%c(c!* c' +$cCCAc*+0 c%!+$! c.. $(/c+!c +%!c+c. c(!3( c#+(%c(!3( c. c(%$+() c
#$)!%c+$ c!*% c* $ c!* c1 ( .!%c+$ c "#$ %% c(c! $&%c.c(&1 $c.c(!%c+(c(!c#$) c
* 'c)+(c1 c
0  c+%c+c)&1(+!(c.c(%$+() c+(c&!+c.(%c
* c(&1 $c.c(!%,c*)*c!* c)%!& $cc/ !,c
c # (c(c!* c(!c#$) c* (c* c#+'%c*%c#$ &&c
* c+'c(!c#$) c%c1+% c(c!* c&+$ !c0+ c.c
!* c( $'(/c+%% !%c8 E! %,c1(%,c/0 $(& (!c% )$! %c !)9c+(c)&#! c.$&c!* c( !c+%% !c0+ 

ccccccccccccc
* c+0+(!+/ %c.c(!c( c#+(%c+$ c!*+!c!* 'c+$ c%&# ,c) +$,c+(c +%'c!c( $3
%!+(c (/c!$+(%#+$ (!c!* c#)'* $c/ !%c!* c (!$ c#% c(c!* c# $.$&+() c.c*%c.(c
% %c+c!* c+0+(!+/ %c!* 'c.. $c!c!* c)%!& $%,c(!3( c#+(%c+%c +c!c+(c ..) (!c
!2+!(c.c)+#!+cc

cccccccccccc ))$(/c!c!* c
 ,c+c)&#+('c.. $(/c(!c( c#+(%c&%!c/0 c!* c(0 %!$c+(c
#!(c!c)*% c+&(/c 1!,c1++() c+(c E!'c.(%c
.c'c#!c.$c+c(!3( c (& (!c
#)',c'c)+(c)*% c!c(0 %!c'$c#$ &&%c(c 1!,cc

c c A?c
c c
c
cccccccccccc ++() c$c E!'c#+(%c
.c'c)*% c+c 1!c#+(,c!* c&+-$!'c.c'$c#$ &&%cc
/ !c(0 %! c(c 1!c% )$! %c c/!%c+(c1(%c
.c'c)*% c E!',c!* (c+cc

cccccccccccc+-$c#$!(c.c'$c#$ &&%cc1 c(0 %! c(c!* c E!'c&+$ !c
* c#+(c'c

)*% cc # (c(c'$c$%c#$. c+(c'$c(0 %!& (!c( c
* c +c!& c!c1'c+c
(!3( c#+(c%c* (c( c)+(c "# )!c(/3! $&c/$!*c+* +c
*%c%c %# )+'c%c.c( c+%c
1  0 %c!*+!c)$$ (!c&+$ !c0+ %c8%!)c0++!(%9c+$ c$ +!0 'ccc.c'c+$ c#!(/c.$c
+c#+(c!*+!c(0 %!%c#$&+$'c(c E!',c!* c122(/c&+$ !c)c +c!c(.+c$ !$(%c 03
$,c%*c!* c122c c(,c(0 %!$%c)c1 c .!c%!(/c

ccccccccccccc
.c( c(0 %!%c(c+c(!3( c# (%(c#+(c +$'c(,c%+'c<,c( c)+(c+..$c!c!+ c!* c
$%c+%%)+! c!*c E! %,c+!c +%!c(c!* c#+(F%c(!+c%!+/ %c 0 $,c+%c( c+##$+)* %c$ 3
!$ & (!c!* cE+(!&c.c$ !$(%c%*c1 c%1$(+! c!c)+#!+c#$ % $0+!(c !c!*%c%!+/ ,c(3
0 %!(/c(c+c#+(c!*+!c*+%c+(c E!'c!!c&+'c(!c1 c+c/c +c(% c$(/c!*+!c(!3( c#+(%c
+$ c$ +!0 'c( c+()* %,c!* $c%*$!c*%!$'c %c(!c# $&!c+(c+%% %%& (!c.c*c!* 'cc
# $.$&c(c.. $ (!c#*+% %c.c!* c%!)c&+$ !c0 (c.c( c0 %c(%$+() c+%c+c(/3! $&c
)&&!& (!,c(0 %!& (!%c1+% c(c# $.$&+() c0 $c%)*c+c%*$!c!& c%#+(c&+'c(!c1 c+##$3
#$+! c

WORKING OF ULIP:-

THE UNIT-LINKED PLANS WORK AS UNDER:-c

ccccccccccccc
* c#$ &&c#+c1'c!* c) (!,c %%c+('c)*+$/ %c!c1 c )! ,c%c% c!c1'c(!%c(c
!* c.(c%  )! c1'c!* c) (!c+!c!* c+'D%c(!c#$) c,c&$ c(!%c+$ c+ c!c!* c) (!D%c+)3
)(!c +)*c!& c* c#+'%c+c#$ &&c
.c* c(!c#$) c(c!*+!c+'c%c$ +!0 'c*/*,c!* c) (!c/ !%c

c c ABc
c c
c
 %%c(&1 $c.c(!%c+(c.c!* c(!c#$) c%c$ +!0 'c,c!* (c* c/ !%c&$ c(&1 $c.c(!%c

ccccccccccccc
(c$ $c!c#+'c!* c$ /+$c&(!*'c)%!%c+(c E0+ (!c(&1 $%c.c(!%c+$ c)+()  c
+(cc+$ c)&#! c+%c)%!c!c1 c )! c0 c1'c(!c#$) c(c!*+!c+'c

cccccccccccc
* c0+ c.c!* c.(c # (%c(c!* c(!c#$) ,c*)*c(c!$(c%c ! $&( c.$&c!* c

&+$ !c0+ c.c!* c( $'(/c+%% !%c+%c% (c +$ $c

c
*%,c(c+ cPc(!c$) c"c&1 $c.c(!%c

cccccccccccc
* c +c!& c!c1'c+c(!3( c#+(c%c* (c( c)+(c "# )!c(/3! $&c/$!*c+* +c

*%c %# )+'c%c.c( c+%c1  0 %c!*+!c)$$ (!c&+$ !c0+ %c8%!)c0++!(%9c+$ c$ +!0 'c
c 
c*+%c/0 (c%# $$c$ !$(%c(c+c!%c(0 %!& (!c.(%c

ADVANTAGES OF UNIT-LINKED PLANS VIS-A-VIS TRADITIONAL PLANS:-

Unit-linked plans enjoy several advantages as under:-

;c &# ,c) +$c+(c +%'c!c( $%!+(c

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Vc www.mutualfundsindia.comc

Vc www.indiacapital.comc

Vc www.moneypore.comc

Vc www.valueresearchonline.comc

Vc www.amfi.comc

Vc www.indiafn.com

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