INSTITUTE OF MANAGEMENT

STUDIES, DAVV

2021-22
MBA-FT ( SEM-II )
SECTION – A
SUBJECT- HRM

“STRATEGIC HUMAN RESOURCE POLICY”

SUBMITTED TO,
DR. CHANDRASHEKHAR KATJU

SUBMITTED BY,
AKSHAY PANCHOLE
MBA-FULL TIME [ROLL NO 72017]
 MORNINGSTAR INDIA

1.INTRODUCTION :-

MORNING STAR, Inc. is a leading provider of

independent investment research if north America,
Europe, and Asia. The company offers an extensive
line of products and individual investors, financial
advisors, asset managers, retirement plan providers
and sponsors and institutional investors in the debt and
private capital markets.
Morningstar provides data and research insights on a
wide range of investment offerings, including managed
investment products, publicly listed companies, private
capital markets, debt securities, and real time global
market data.
Morningstar also offers investment management
services through its investment advisory subsidiaries,
with approximately $215 billion in assets under
advisement and management as of sept. 30, 2020. The
company has operations in 29 countries.

2.OBJECTIVES OF THE STUDY :-

The study in hand is conducted keeping in view the

following objectives:-
 To study about different HR policies of the
organisation.
 To understand the strategies of Morningstar India
Ltd.

3.RESEARCH METHODOLOGY :-

The study is based on the secondary data collected

from various websites and other secondary sources
have been used to collect information about
Morningstar brand ratings and articles, journals, risk
analysis, research reports etc.

4.LITERATURE REVIEW :-

 In 2013 edition of INDIA FUND OBSERVER

encapsulates the key trends in the financial and
mutual fund markets over that year. It provides an
overview of just things that mattered: how various
asset classes fared and which were favoured by
fund managers, fund whose performance stood
out, asset growth for the industry, insights and
market outlook form leading fund managers, key
regulatory changes, asynopsis of our analyst
ratings for funds and discerning personal-finance
articles.

 In 2014, in a quick conversation, sankaran naren,

chief investment officer, ICICI prudential asset
management, feels that investors should look at
debt funds going ahead but not to the neglect of
equity.
Strategic Human Resource Policy :-
Human resource policies are continuing guidelines on
the approach of which an organization intends to adopt
in managing its people. HR policies describe the
rights, responsibilities, and expected behaviours of
both you and your employees when it comes to
working together.

Why Strategic HR Policies are Important :-

HR policies provide employees a sense of security,
they feel respected and looked after. It also puts things
in order for the organizations and tracking employee’s
growth, discipline, vacations, etc. becomes easy. It
works in the favour of employees and also the
organization.

5.STRATEGIC HR POLICIES OF
MORNINGSTAR INDIA LIMITED :-

Recruitment Policy:- Morningstar places the ad on

general and/or niche appropriate job boards.
Simultaneously for passive candidates that fulfil the
position’s specifications. These searches are done in
proprietary database, public and private access
employment database and across the web.

Integrity and Accuracy of Data, Ratings and

Research:- At the core of all Morningstar products
and services is our data, ratings and research. That’s
why it is vital that we in no way compromise the
accuracy or the integrity of any of these assets.
Morningstar has procedure in place for collecting ,
entering and presenting data. These procedures, which
are being strengthened continually, are designed to
protect the integrity of our work, so they should be
followed at all times.

No Retaliation for Good Faith Complaints:-

Morningstar strictly prohibits and does not tolerate
retaliation against any employee for making a good
faith complaint under this policy, regardless of the
outcome of the investigation. If you are subjected to
any conduct that you believe violates this policy,
please contact your talent & culture business partner.
Health and Safety:- Morningstar strives to provide a
safe and healthy work environment that complies with
applicable laws and regulations. Each employee has a
responsibility to maintain a safe and workplace for all
other employee by following safety and health rules
and reporting accidents, injuries and unsafe practices
or conditions.

Employee Work Product:- Employees should

recognize that they do for Morningstar belongs to
Morningstar. Morningstar retains sole and complete
ownership of all concepts, ideas methodologies,
writings, software, illustrations, materials, or other
information conceived or produced while you are
employed by Morningstar.

Political Contributions:- Morningstar supports active

participation in the political process and urges you to
support the candidates and issues of your choice.
However, political contributions by you must be made
in compliance with this code of ethics, all applicable
legal requirements and, to the extent legal, in
accordance with legal custom.
Accounting Standards and Record-keeping:-
Morningstar’s books and records must accurately,
completely, and properly reflect all assets, liabilities,
revenues, and expenses. You should not establish
undisclosed or unrecorded funds on behalf of
Morningstar for any purpose.

Customer Engagement/Anti Fraud:- it is important

to know your customer in order to prevent identify
theft, money laundering, financial fraud, and terrorist
activity. Employees re required to perform reasonable
due diligence on new counterparties in order to have
confidence in the integrity of the customer, the source
of the funds, and the validity of the transaction.

Hiring Price:- Morningstar will not give any person

any preferred conditions of employment because of
familial or personal relationships. All personnel
decisions are, will be, based on sound management
practices and the individual merits of each applicant.

Equal Employment Opportunity:- “Great People” is

one of Morningstar’s core values, and when it comes
to our people, our differences are one of our strengths.
Morningstar is committed to protecting human rights
in all aspects of our business and to providing an
equitable and ethical workplace.

Confidential Information:- As an employee or board

member, you will become aware of certain information
of a confidential or proprietary nature. Much of this
information, such as subscriber, client, or customer
lists, is not readily available to the public and took
Morningstar years to develop.

Personally Identifiable Information:- In the course

of performing your duties for Morningstar, you may
come in contact with the personally identifiable
information of third parties, including that of
colleagues, clients, and their customers.

6.CONCLUSION :-

Morningstar Inc. ,the most well-known information

intermediary that provides independent research on
mutual funds, introduced its new analyst ratings, which
express their analysts’ forward-looking view regarding
the funds future performance.
It was found that higher Morningstar star ratings on
average receive more new investors money, measured
as fund flows, as well as a higher fraction of positive
influxes of money. Moreover, net assets under
management also increases alongside star rating.

7.References :-

https://shareholders.morningstar.com/investor-
relations/governance/code-of-ethics/default.aspx

https://www.morningstar.in/posts/22096/top-10-
articles-on-morningstar-5.aspx

https://www.morningstarincorporated.com/process/
#:~:text=MorningStar%20places%20the%20ad
%20on,databases%20and%20across%20the
%20web