ing life isurance company

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TRINING PROJECT REPORTON

A STUDY OF ING INVESTMENT MANAGEMENT

A Training Project ReportSubmitted in partial fulfillment of the requirements for the

Award of theMASTER OF BUSNIESS ADMINISTRATION

Academic Session 2008-2009

ROLL NO.520687595SEMSTER - IV

PROJECT GUIDE: SUBMITTED BY:Mr.Navin Mathur Parmeshwar Singh HadaHead Management Sikkim Manipal University


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DECLARATION

I Parmeshwar singh hada s/o kanha Singh Hada Student of MBA IV

Sem. Hereby declare that for the purpose of Training Project report Ihave conducted study on A study on INGINVESTMENTMANAGEMENT for the partial fulfillment of MBA degree. It ismy original work.

Place:

Date: Signature:Parmeshwar singh hada

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ACKNOWLEDGEMENT

First of all I would like to thank the management of ING LIFEINSURANCE COMPANY LIMITED for giving me the opportunityto do my 30 days project training program in their organization.

I am highly obliged to Mr. Pawan sharma {area manager} and

Mr.Pranjal mattha {branch manager} for getting me to undertakemy traingh at ING LIFE INSURANCE COMPANY PRIVATELIMITED.

My credit of success goes to Miss Renu sharma{ sales manager}under her able guidance and direction. I was to give shape to mytraining. Her constant review and excellent suggestions throughoutth project were highly commendable. She also provides me a strongtraining related to product we and selling pitch to deal with acustomer

I express my heartfelt thanks to Mr. Lavlesh saxena {branchcoordinator} to guide and force me to do hard work and make

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apathy in IVL. He also helped me to make project and cooperate mein all steps.

I am indebted to all team member of IVL kota to motivate me to dowork and provide a peaceful environment.

I extremely thankful to the faculty member of Calibre IT ANDMANAGEMENT INSTITUTE. Under sikkim manipal university. ,,kota for there continued support and supervision . It was therescholarly suggestions, immense interest and moral support.

I thankful to my team member from the core of my heart to motivateand to help me all training program. They also encourage me atevery step which led to my successful training program.

As well as human being required motivation and help in his work and the human being is also supportive in nature. So some personshave encouraged me at all steps whether it was expressed or impliedthose are not only my friend circle but also my family member andrelatives. So my heartily thanks go to Ved Prakash Bishnoi. AnilSachwani, Mahender singh rathore , Neeraj Goyal, Navdeep0 singhCheema, Sudhir Khaira, Sandeep Kumar, Dheeraj soni, AshishGautam, Manpreet Kaur, Anju Kadian and nearer

Those people who share his/ her knowledge through books, papers,magazines and so many more. If I express my thank to those peoplethen I think its not enough for them

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Parmeshwar singh hada

PREFACE

In the era of globalization a continuous knowledge require about themarket. Because in the sense of globalization the marketing is an artof delivering, communication the thoughts and ideas and without a

practical knowledge the theoretical and bookish knowledge is notenough in marketing field,

According to todays corporate scenario the management degree ismore required in the market. So according to the corporate world Iam persuading in MBA program. In the program. In this program Iam learning theoretical knowledge about the management. But togain real market knowledge I have done a 30 days training programin insurance industry

The objectives of my training program is

To gain the practical aspect of organization working andenvironment

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To see the originally working condition in the situationalmarket

To realize me with a self esteem To explore prospective markets for opportunity to create

additional business avenues for the organization As well as in was in the insurance industry there are three

things required commonly that is : patience ,focus and efforts ,so I also work on these three things with ambition

So according to my conveys I have investment a 30 days s training

program in the ING life insurance and I have done my project work on ING INVESTMENT MANAGEMENT

My project report is containing the investment policy andinvestment option ING life insurance and how to invest. If you wantto get more knowledge about investment in ING then you have toundergo in this project report.

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EXECUTIVE SUMMARY

The executive summary has been observing on the title on INGVYSYA INVESTMENT MANAGEMET .as well as title suggestthat main focus of the study is based on investment management , a

brief intro of the project is;:

First of all the company profile and the introduction of theinsurance the life insurance is a commitment for ensuring thelife for a specific term as well we know that life is fully basedon risk so purpose of life insurance is to cover a risk factor of life .Here we talk about the ING VYSYA life insurance companyso the company was set up in India in sip 2001, and in a sharpspan of nearly 3 year has established itself as a distinctive lifeinsurance brand with an innovative, attractive and customer friendly product.ING is a global financial services company providing bankinginvestments and life insurance and retirement services .it

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serves more than 75 million customers in Europe , the unitedstates , Canada , Latin America , Asia and AustraliaING is not only in India but also it has its market in 60countries, so it has a strong background with the help of Gujarat Amnuja cement, Exide group and Enam group; it alsohas ING Vysa bank in India.

ING wants to pursue profit on the basis of sound businessethics and respect for its customers. Corporate responsibility istherefore a fundamental part on INGs strategy: ethical, social,and environment factors play an integral role in out businessdecisions.

In the globalization and privatization world there is a lot of competition not only in insurance but also in investmentmarket so according to todays scenarios ING is also work ininvestment management and asset management.

As will as I concern that the study is bases on investmentmanagement so in ING investment management leverages its

worldwide investment capabilities, deep expertise and scale tohelp you find the most appropriate investment solution for your clients. our global network of dedicated investment teamsensures that your clients benefits from investmentopportunities across the world , both in developed andemerging markets and in different ranges of risk/ return

profiles.The ING investment management is provide a flexible

investment option to the customer like according to todaysmarket there are several option to invest the money in themarket that are: Equity fund , government securitiessystematic investment plan and many moreIn this project report I did a research study, the main objectiveof my research is to gain practical of my project title. Theresearch is done with the help of primary data and secondary

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data the research is done on the basis of surveying; in themarket survey I collect the dat5a from 100 people in the kotacity.As per the research I find an appropriate solution that what isthe position of the company in the kota city and how many

people are familiar with the company etc,. this process is donewith the help of data interpretation ,At last on the basis of research I reached a conclusion with

SWOT analysis.

CONTENTS

TITLE PAGE NO.

1. DECLARATION

2. ACKOWLEDEMENT3. PREFACE4. EXECUTIVE SUMMARY5. CHAPTER-1

COMPANY S PROFILEHistory of insuranceCompany backgroundPromotersProductsFinancial performanceOrganization structure

6. CHAPTER 2

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PROJECT PROFILE

General introductionING investment management in IndiaAmbition and strategy

Mission and principlesInvestment capabilityOur strengthOrganization structure

Investment policyING fundFinancial report

7. CHAPTER-3

RESEARCH METODOLOGYWhat is research methodologyObjective and motive of research

Type of researchData collectionPrimary data collectionSecondary data collection

8. CHAPTER -4RESULT AND DISCUSSION

Data interpretation

9. CHAPTER -5FINDING AND CONCLUSION

SWOT analysis]

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Conclusion

10. CHAPTER -6RECOMMENDATION

SuggestionBibliographyAppendix

11. ANNEXURE

CHAPTER 1

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INTRODUCTION OF INSURANCE

Insurance of life assurance is a contract between the policyowner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individuals or individuals death or other event. Such as terminal illness or criticalillness in return the policy owner agrees to pay a situated amountcalled a premium at regular interval or in lump sums.

As with most insurance polices life insurance is contract between the insurer and the policy owner whereby a benefit is paidto the designated beneficiary if an insured event occurs which iscovered by the policy. To be a life policy the insured event must be

based upon life of the people named in the policy,

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WHAT IS LIFE INSURANCE

It detest life insurance; they always argue that I shall some day diewhich is not so Stephen B Leacock IN COMMON WORD INSURANCE IS:

A contract between two parties whereby one party calledinsurer undertakes in exchange for a fixed sum called premium to

pay the other party called insured a fixed amount of money on thehappening of a certain event

This is something you will need to understand before we get into itsdifferent aspect

Insurance is a mechanism that helps alleviate the financial lossesarising out of adverse consequences of unforeseen origin simply putlife insurance offers financial protection to you and your loved oneswhen you retire die or you are unable to continue to provide

financially due unforeseen incidents such as accidents or criticalillness while nothing can substitute your loss insurance at least takescare of the financial gap created after you are gone.

But is that all life insurance can do for you? No why! Life insurancehas evolved over time. Today they are smart savings and investmentoptions with the right insurance policy, you can be assured of a

better standard of living you may plan to receive a lump sumamount just when you need it or you can simply make your moneygrow for the rainy day. Thinking of marriage expenses your Childseducation how about that vacation abroad you have been planningfor choosing the right insurance policy could be the answer to all of the above.

HISTORY OF LIFE INSURANCE

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Insurance began as a way of reducing the risk of traders, asearly as 5000 BC in china and 4500 BC in Babylon. Life Insurancedates only to and ancient Rome; burial clubs covered the cost of members funeral expenses and helped survivors momentarily.Modern life insurance started in late 17 th century England, originallyas insurance for traders: merchants, ship owners and underwritersmet to discuss deals at LIoyds coffee House, predecessor to thefamous LIoyds of London.

The first insurance company in the United States was formedin Charleston, South Carolina in 1732, but it provided only fireinsurance. The Synods in Philadelphia and New York created the

Corporation for Relief of poor and Distressed Windows and childrenof Presbyterian Minister in 1759; Episcopalian priests organized asimilar fund in 1769. Between 1787 and 1837 more than two dozenlife insurance companies were started,But fewer than half a dozensurvived .

Prior to the American Civil War many insurance

companies in the United States insured the lives of slaves for their

owners. In response to bills passed in California in 2001 and Illinoisin 2003, the companies have been required to search their recordsfor such policies. New York Life for example reported that Nautilussold 485 slaveholder life insurance policies during a two-year periodin the 1840s; they added that their trustees voted to end the sale of such policies 15 years before the Emancipation.

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NEED OF LIFE INSURANCEEvents

Now a days death is not something that most people connect tothemselves. Nor are accidents, disability, critical illness and other contingencies. For instance one can be reasonably sure that you arenot thinking of those while reading this.

People say they dont want to pay life insurance premium sothey can spend more to enjoy life. Infect, the opposite is ture.LifeInsurance makes it possible for us to spend more of our income witha clear conscience. For we know that if illness, disability or death

occure, our families will be provided for. It is paying a LITTLE nowto prevent a BIG loss later. By choosing the right insurance cover parents health and financial needs can be taken care of, childrenseducations needs will be provided for and your family can continueto maintain their standard of life.

ING LIFE INSURANCE

ING Vysya Life Insurance Company Private Limited entered the private life insurance industry in the India in September 2001, and ina short span of nearly 3 years has established itself as a distinctivelife insurance brand with an innovative, attractive and customer friendly product portfolio and a professional advisor force. It alsodistributes product in close cooperation with the ING VYsya Bank network. Currently, it has over 8000 active advisor working form 43

branches (in 21 cities) across the country and over 800 employees.

ING Vysya Life Insurance Company is headquartered atBangalore and has established a strong presence in the cities of Delhi, Mumbai, Kolkata , Hyderabad and Chennai. In addition

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ING Vysya Life operates in Chandigarh,Ludhiana,vizag,Viyaywada ,Mangalore ,Mysore, Pune, Nagpur ,Cochin,combatore,Ahmadabad, Jaipur Guntur,Hubli, andTrivandrum.

The company has over 1, 00,000 customers as on dateand achieved a premium income 0f Rs.114 corers since start of

business

ING Vysya Life Insurance Company is a joint venture

between ING Insurance International BV a part of ING Group,the worlds largest life insu8rance company (Fortune Global500, 2003), ING Vysya Bank With 2 Million Customers andover 400 outlets and GMR Technologies and IndustriesLimited part of GMR Group also based in Bangalore andinvolved in the filed of power generations, infrastructuredevelopment and several other businesses.

ING IN INDIA

Year 1994: Office investment banking corporate finance andother fiancial product and serviceYear1997: ING Insurance representative office

Year1999: ING Investment Management (India) Pvt.Ltd. provides mutual funds products to customers throuht INGsaving Trust, established in early 1999Year2000: Ing Venture capital-Brings Private EquityYear2001: ING Vysya Life Launched in the of September

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Year 2002: ING buys a 44 % stake in vysya bank and mergeING brings with vysa bank to from ING VYsya bank

Year 2003 : ING bank launched a direct selling arm INGvysya financial services.

COMPANYS PROMOTERS

ING GROUP

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ING is global financial institution of Dutch origin offeringbanking, insurance and asset management to over 60 millionprivate corporate and institution clients in over 50 countries .With adverse workforce of approximately 120,000 people, INGcomprises a broad spectrum of prominent companies thatincreasingly serve their clients under the ING brand.

Fortune 500 July 2007 has ranked ING group as the worldsthirteenth largest company. As per the ranking, ING Group isthe worlds largest financial service provider.

The annual interbred report 2007 which ranks global brandsacross all categories has ranked ING among the top 100 globalbrands. INGs

The annual interbred report 2007 which ranks global brandsacross all categories has ranked ING among the top 100 globalbrands. INGs ranking has risen from 85 to 81 compared tolast year.

ENAM GROUP:Enam group is one Indias largest financial service providersreputed for its ability to perceive the true potential of businessand enhance their value. The culture at enam group is deeplyrooted in ethics, innovation and financial society.

EXIDE INDUSTRIES LIMITED

With eight manufacturing plants strategically located acrossthe country, exide is Indias largest producer of automotiveand industrial batteries. Its range of products coverseverything from the smallest batteries required in motorcycleto the giant batteries.

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For the fiscal year 2004-2005 the company registered a scalesturnover of Rs. 1,482 cores and a net profit Rs.77 cores.

GUJRAT AMBUJA CEMENT LIMITED

Gujarat Ambuja cements limited is the fastest growing cementcompany in India and considered one of the most reputedcompanies in India . Gujarat Ambuja Cements Companylimiteds brand. Ambuja cement is considered a premiumbrand in the Indian market. Apart from domestics sales,Ambuja cement is also the largest seller of Indian cement incountries including Sri Lanka, Dubai and Kuwait.

AIM AND OBJECTIVE]It is our aim to become one of the top private life insurancecompanies in India ana to become a cornerstone of iongintegrated financial services business in India.

MISSION

Set the standard in helping our customers manage theirfinancial future.

THE BRAND POSITIONING

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MERA FARZ

In 2007 ING vysya life developed its unique brand positioningmera farz this position means ing vyusya life helps itscustomers fulfill their responsibilities towards themselves andtheir families this powerful positioning has helped ing vysyalife create a distinct identify for itself. The latest brandcampaign with a very catchy jingle dwells on how a little

planning and a helping hand from ing vysya life can helplighten the burden of responsibilities that often come withhappy moments and let you enjoy your life without anyworries

PROTECTION

The primary reason to have life insurance is to protect yourincome and your familys financial future in case your are notaround

Term life Term life plus

SAVING

Another reason for life insurance is that it work as long termsaving thus giving you the financial strength to achieve yourlife goal.

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Reassuring life Creating life Safal Jeevan Creating life money back Safal Jeevan money back Ing life plus Ing positive life Ing creating star

INVESTEMENTLife insurance is a safe long term investment towards wealthaccumulation]]]

Powering life New freedom plan New one life Platinum life New fulfilling life High life High life plus

RETIREMENT

Make sure you have regular income after you rewire and helpsyou maintain your standard of living.

New future perfect ING golden life

Rider

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Extra benefit of sum assured

Accidental death rider Accidental death , disability and dismemberment raider

FINANCIAL PERGORMANCE

Ing vysya life insurance announced a bonus of 9.15 percent forits retirement plan best life with two other plans powering lifeand new fulfilling lifes getting a bonus of Rs. 75 per thousand

ING Groups performance 2007 in 2007 Group disclosed aprofits before tax of 11.04 billion EURO or 550,714 millionTHB, an increase of 20.1% from last year. the net profit fromthe back business was 6.5 billion EURO or 325,800 millionTHB and the net profits from the insurance business was 4051

billion Euro or 224,913 million THB.ING Group had totalassets of 1,314 billion EURO or 65.5 million THB return onEquity in 2007 return on equity was 24.2%

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CHAPTER 2

ING INVESTMENT IN INDIA

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ING Investment Management (I) Pvt. Ltd. Has an investorbase of over 1,52,677 with Rs.5080.97 cores as of June 30 th ,2007(Source: www.amfiindia.com).with a presence in 34 locations,we currently mange 21 schemes.ING Investment Management (I) pvt. Ltd has been associatedwith innovation and responsive adaptability with sharp mindsat work. ING Investment Management has sealed a position of strength and is considered as one of the top contenders tochallenge the market leaders. ING Investment Managementhas enjoyed many firsts and has always maintained apioneering outlook.

A few achievements are highlighted below: First investment Manger to launch a packaged concept

in asset Management Industry. Awarded Abby Gold 2006 for its advertising

campaign for ING LION fund. Two CRISIL AAAf* products in Debt fund space. (ING

Liquid fund& ING Floating Rate Fund). First assts Manager to launch a debt fund based on

Credit risk with with a portfolio based on creditmonitor.(ING Select Debt Fund). First Private Sector Mutual Fund to launch a concept

dedicated to women.(Mahilanivesh) ING dynamic asst Allocations Fund was awarded Most

Innovative Product by Asia Asset Monitor. ING Mutual Fund recently launched Indias first

DAILY TRASFER PLAN called Zoon Investment Pac(Zip).

ING Mutual Fund has also pioneered a new reality showon television called Indian Investor of the Year.

The assigned rating of AAAf is valid only for INGfloating rate Fund and ING Liquid Fund . The ratingof the fund is not an opinion of the asset management

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companys willingness or ability to make timelypayments to the investor. The rating is also not anopinion on the stability if the NAV of the fund, whichcould vary with market developments.

AMBITION & STRATEGYSetting the standard in helping our clients manage theirfinancial future

AMBITION

ING Investment Management ranks among the top25 assetmanagers globally (source;IPE,15 August2007).ourambition is to be recognized as a top tier asset manager.the entails charting our clients need carefully andproviding both the products and the services that they

need . our way of doing business of dealing with our clientsand our general conduct are all part and parcel of this.

GLOBLE STRATEGY

Building on our strengths: Continue successful innovation and cross-regional

cooperation to meet client needs; Build further on our global manufacturing

capabilities scale and (cross) regional distributionstrength in Europe Americas and Aisa-Pacific.regional organizations are closely aligned todistribution channels;

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Capitalize on improved investment capabilities inAmericas, Europe and Asia-pacific.

MISSION AND PRINCIPLEOur mission as a leading investment managementfirm is to dedicate our experience and resources todevelopment and delivery of customized clientinvestment solutions.

We are committed to original research as the

means to develop information advantage tocapitalize on market inefficiencies.

We emphasize bottom-up analysis of businessfundamentals as the cornerstone of long terminvestment success.

We integrate quantitative and fundamentalanalysis varying the contributions of each to suiteach assignment.

The degree of benchmark awareness and risk control are tailored to client guidelines, assuringcustomized, client-oriented solutions.

INVESTMENT CAPABLITYWe offer global reach and presence,strength in core investment disciplines, airpricing and a client service culture.We are committed to original research ouractive, disciplined, fundamental approachapplies across all investment strategies.Investment capabilities includequantitative and fundamental equities,

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fixed income, asset allocation strategiesand alternative investments.Clients include and public, corporate andTaft-Hartley pension funds, endowmentsand foundations, insurance companies andmutual funds.We focus exclusively on professionalinvestment-no banking, insurance,brokerage, or bundled products.

StructuredAssetmanagement

InvestmentCapabilities

Fixedincome

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Multi-asset Strategies

AlternativeAssets

InstitutionalMarkets

Quantitativeequity

FundamentalEquity


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OUR STRENGTHS

Clients place their money in our task is to come up with

the most appropriate solutions and services. This requiresa deep understanding of client need and commitment toexcellent service throughout the organization.

Lacally, we employ client-servicing professionals who havean understanding of local market conditions and have allthe information our clients need at their fingertips. Theyhave extensive knowledge of our broad range of investment strategies. In close cooperation with ourinvestment professional they offer investment solutionstailored to clients needs.

Depth and breadth of our capabilities

Our investment capabilities and expertise comprises allmajor asset classes and investment style covering all

capital markets. As a client you therefore benefits from aflexible product range which offers an appropriate solutionno matter what the markets are doing and which can betailored to individual requirements.

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Risk management plays a vital role in ourdisciplined investment management processes. we use thisto assess and monitor the implications of all our investmentdecisions.

Size scale and resources

Our global scope enables us offer our clients accessto any market or sector in the world and bring profitspotential within their reach. As part of ING Group, INGInvestment Management enjoys the benefits that this

brings. Its many and varied resources are at our disposal.As a client you gain access to these products and servicesvia our global network of affiliates and third- partydistributors.

Making the connection

In everything we do we want to make the connection. To

our clients, to our markets and to our business .we offerour clients a variety of investment solutions to suit theirdifferent investment needs. Our investment professionalmonitor global development on a daily basis andrigorously analyses the markets. They search for theinterdependencies and connections between apparentlyunrelated facts and events. These lead to new idea andinsights about the markets and companies in which weinvest.

ORGANIZATION STRUCTURE

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KEY EMPLOYEES OF THE ORGANIZATION

Vineet k Vohra : CEO & MD

Ashutosh Bhondele : CFO

Paras Adenwalla : Chief Investment Officer

Yogesh arora : Head Human Resource

Vandana Vangani : Head Fund accounting

Manish Bhandari : Fund Manager

INVESTMENT SERVICEWelcome at ING Investment Management. we supportinstitutional client with a full range of investmentsolutions. Based on your needs we put together the idealportfolio with the optimum combination of return andrisk. Tailoring this to your requirements is the keyelements in this process.

Besides our investment solutions our institutional clientsview us as a partner, offering strategic advice e andexcellent service. We actively share our expertise in areassuch as fiduciary management and strategic assetallocation.

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Our goal is to deliver added value to our clientsoutstanding service and investment that meet yourobjectives.

ING INVESTMENT MANAGEMENT POLICIES

Miffed market in financial instruments directive

On 1 November 2007 the markets in financial instruments

directive, or mifid, comes into force, mifid aims toharmonies European financial markets and to providegreater levels of transparency through a new regulatoryregime for investment services.

ING investment management supports the goals of mifid

and has always considered integrity and transparency tobe the basis of any long-term client relationship. INGinvestment management is committed to implementing therequired changes so that its customers will benefit from theopportunities mifid has to offer.

Execution of orders

Mifid introduces new requirements convening theexecution of orders. ING investment managements has aduty to take all reasonable steps to ensure that, whenexecuting transactions directly with other parties it obtainsthe best possible results with a broker for execution, ING

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investment management deems, the interests of clients bestserved with a transparent view on the selection of andallocation to brokers when executing orders in financialinstruments the attached information package containsinformation on the ING Investment management bestexecution policy.

Conflicts of interest

ING investment management conducts business in a waywhich is fair and professional in accordance with your bestinterest as our customer. One of the ways ING investment

management does this is to have policies in place tomanage conflicts of interest that may arise through ourbusiness activities. Under mifid, ING investmentmanagement is required to maintain and operate effectiveorganization and administrative arrangement with a viewto taking all reasonable steps to identify, monitor andmanage such conflicts of interest. To help achieve this INGinvestment management Europe offices have policies in

place addressing conflicts of interests. Attached policyprovides you at a high level with the key information thatyou will need in order to understand the nature of themeasures ING investments managements is taking tosafeguard your interests.

HUGE GROWTH IN INVESTMENT

Moreover the sector is on the eve on an enormousinvestment boom investment growth will push up demandfor electricity which is expected to double between nowand 2030 there is a pressing need for new generationRussia. This exacerbated because for the past twenty yearsinvestment in new capacity has been minimal investment

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in electricity transmission and distribution to the customerneeds to be stepped up as well. The inter national energyassociation calculates that over 11 trillion dollars will needto be invested in electricity generation transmission anddistribution between 2005 and 2030

ING FUND

Ing investment management is part of ing group, one of the worlds largest financial services companies. We offerour clients a wide range of mutual funds across all asset

classes. As a client you therefore benefit from markets aredoing. There is always an ING mutual fund which isappropriate for you. We have over 2500 experts in thirtycountries who continuously keep close track of thefinancial markets. Our teams constantly analyseseconomies market trends and business, this enables themto identify new investment opportunities and developstrategies. The result? We won over 35 awards during the

past 3 years. Our ambition? We believe that you alwaysdeserve the best.

WHAT TO LOOK FOR IN INVESTMENT

S safety

Safety is the soundness of the issuer to repay theprincipal amount along with the

Higher the safety lowers the returns

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L Liquidity is the quickness with witch you can convert ourinvestment into cash

Higher the liquidity l, lower the returns

R returns

Returns are the income that one earns on investment by way of interest dividend and realized capital gains unrealizedappreciationHigher the risk higher the expected returns

VARIOUS INVESTMENT OPTIONS

EQUITY SHARE

No maturity date

No guarantee of returns Traded on stock exchange Have high liquidity Market prices go up and down Ones not provide regular income Good for capital growth over a long term Can deliver 15-20 % returns over longer time

horizons Risk of loss of capital

Government securities

Issued by central/ state government Have fixed maturity dated k of 2 or 3

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Provide regular income Principal and interest payment guaranteed by government High liquidity Guarantee return 6-8 %

Corporate bends

Has fixed maturity date Provide regular income Market price sensitive to interest rate and credit rating

changes Returns higher that government bonds Low liquidity Low volatility

Money market instrument Mature within on year Capital protected lo

Low returns 4-6 % Minimum volatility High liquidity Good for short term liquidity

Bank deposits

Have varying maturates with a maximum of 10 years Offer assure returns Capital is protected Not marketable Premature encasement subject to penalty TS at 10.2 % deducted if interest exceeds RS. 5000 Benefit of 80 c for FDs of 5 years and above

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SYSTEMATIC INVESTMENT PLAN

Unit holders can benefit by investment specified rupeeamounts at regular intervals for a continuous period. The SIPallows the unit holder to invest a fixes amount of rupee atregular intervals for purchasing additional units of theschemes at NAV based prices this concepts is called Rupee costaveraging.

Benefits of a systematic investment plan

By investing an equivalent amount at regular intervals eachmonth for example the investors do not have to worry about

catching market highs and lows, because their monthlycontribution will buy more units when prices are low andfewer units when prices are high. The net results is that over along period of time their average cost could be lower than thenthe average higher than if they had invested a lump sum / thusby investing a fixed amount of rupees at regular intervals unitholders can take advantages of the benefits of tepee costaveraging at the same time saving a fixed amount of rupeeseach month

WHAT INVESTOR LOOK IN OFFER DOCUMENT

An abridged offer document which contains very usefulinformation is required to be given to the prospective investor

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by the mutual fund. The applicant form for subscription to ascheme is an integral part of the offer document. SEBI hasprescribe minimum disclosures in the offer document, due caremust be given to portions relating to main features of chargedto the scheme entry or exit loads sponsors track record,educational qualification and work experience of kiy personnelincluding fund managers performance of other schemeslaunched by the mutual fund in the past pending litigation andpenalties imposed et

SCHEME AVAILABLE IN INVESTMENT

As already mentioned the investor must read the offerdocuments of the mutual fund scheme very carefully. Theymay also look into the past track record of performance of thescheme or other schemes of the same mutual fund. The may

also compare the performance with other schemes havingsimilar investment objectives. Though past performance of ascheme is not an indicator of its future performance and goodperformance in the fast may or may not be sustained in thefuture this is one of the important factor for makinginvestments decision. In the case of debts oriented schemesparts from instruments which is reflected in their rating.

INVEST IN DEBT AND EQUITY FUND

An investor should take into account his risk taking capacity,age factor financial position, etc. As already mentioned theschemes invest in different type of securities as disclosed in the

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offer documents and offer different returns and risk. Investorsmay also consult financial experts before taking decision.Agents and distributors may also help in the regard.

FINANCIAL REPORT

ING Life Limited: Investment PortfolioDecember 31, 2007

Type of investment Amount (MillionTHB)

Ratio

Debenture 903 11%

Government Bonds 3,860 47%Corporate Bonds 1,314 16%Fixed Deposits 82 1%Promissory NotesBills of Exchange

739 9%

Stock 411 5%State EnterpriseDebenture

903 11%

Summary 8,212 100%CHAPTER 3

RESEARCH METHODOLOGY

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RESEARCH METHODOLOGY

Research methodology is a study or a research for a particulararea or a product, which we include a scientific research studyof that product and the area. In common words it refers to aresearch for knowledge. The also define that research is ascientific and systematic search for pertinent information onspecific topic.Research is a careful investigation or inquiry especially

through search for new facts in any branch of knowledge.1Systematized efforts to gain new knowledge2Research is an academic activity as such the term should beused in a technical sense.

According to Clifford woody:

Research comprises defining and redefining problems,formulating hypothesis or suggested solution collectingorganization and evaluating data making deductions andreaching conclusion and at last carefully testing the conclusionsto determine whether they fit the formulating hypothesis.

The manipulation of things concepts or symbols for thepurpose of generalizing to extend correct or verify knowledge,whether that knowledge aids in construction of theory or in thepractice of an art.3

At last we can say that the research methodology is the pursuitof truth with the help of study, observation, comparision andexperiment and finding the solution of the problem withsystematic approach.

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OBJECTIVES OF RESEARCH METHODOLOGY

The main aim of research is to find out the truth which ishidden and which is not been discovered as yet, though eachresearch study has its own specific purpose we may think of research objectives that are:

1. To gain familiarity with a phenomenon or to achievenew insights into it.

2. To portray accurately the characteristics of a particular

individual situation or a group

3. To determine the frequency with which somethingoccurs or with which it is associated with something else.

4. To test a hypothesis of a casual relationship betweenvariables.

MOTIVE OF RESEARCH

Desire to get a research degree with its consequentialbenefits;

Desire to face the challenge in solving the unsolvedproblems;

Desire to get intellectual joy of doing some creative work; Desire to be of service to society; Desire to get respectability.

TYPES OF RESEARCH

QUALITATIVE RESEARCH

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Qualitative research allow you to explore perceptions,attitudes and motivations and to understand how they areformed .it provider depth of information which can be usedin its own right or to determine what attributes willsubsequently be measured in quantities studies. Vibrationquotes are used in reports to illustrate points and this bringsthe subject to life for the leader. However, it relies heavilyon the skills of the moderator, is inevitably subjective andsamples are small. Individual in depth interviews andmystery shopping (where the researcher plays the role of apotential students etc. in order to replication the overallexperience).

QUANTITAIVE RESEARCH

Quantitative research is descriptive and providers hard dataon the number of people exhibiting certain behaviorsattitudes etc. it provides information in breadth and allowyou to sample large number of the population in breadth

structured and does not yield the reasons behind behavioror why people hold certain attitude. Techniques commonlyused in HE/FE include postal surveys.

SECONDARY OF DESK RESEARCH

The collating and analysis of secondary data is called desk research. Secondary data is data that already exists andmany be found within your own organization or is publishedby another party and readily available. Surveys(appropriate for surveys of employers), on-line or web basedsurveys (Very cost effective for the reaching audienceswhere e-mail penetration is high,)

DATA COLLECTION

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Data collection is a procedure of collecting the data of aresearch it could be primary and secondary.Data collection is a term used to describe a process of preparing and collection data for example as part of aprocess of improvement or similar project.

Data collection usually takes place early on in animprovement project and its often formalized through adata collection plan which often contains the followingactivity.

1. pre collection activity agree goals targets data definitions

methods2. collection-data collection3.Present finding usually involves some from of sorting

analysis and/or presentation.

A formal data collection process is necessary as it ensuresthat data gather is both defined and accurate and that

subsequent decisions based on arguments embodies in thefinding are valid the process provider both a baseline fromwhich to measure from and in certain cases target on whatto improve.

TYPES OF DATA COLLECTION

1 PRIMARY DATA COLLECTION

2 SECONDARY DATA COLLECTION

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CHAPTER 4

RESULT & DISCUSSION

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The result of the research has represented on the basisof Talwandi area (100 People) in kota. In the research Isurveyed on the basis on the questionnaire andimplement the survey part.

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