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Showing posts with label Notes. Show all posts
Showing posts with label Notes. Show all posts

Monday, June 13, 2016

Banking Trickky Notes: Trick to learn HQ of Nationalised banks

Dear Readers,

 

In this article we are providing you the tricks to learn the Head Quarters (HQ) of all the nationalized banks in India. These are important as minimum on question in your GA section come from this part. After reading this article, you will able to learn this very easily.

 

Trick 1: All Bank Names ending with India except United Bank of India is having HQ in Mumbai

1.       Union Bank of India                 : Mumbai

2.       Bank of India                              : Mumbai

3.       Central Bank of India               : Mumbai

4.       Dena Bank                                   : Mumbai

5.       IDBI Bank                                     : Mumbai

 

Trick 2: A phrase which is pronounced as “KUUA”

K: Kokata as HQ

6.       U: United Bank of India

7.       U: UCO Bank

8.       A: Allahabad Bank

 

Trick 3: A phrase which is pronounced as

NEW DELHI ki PUNJABI WOMEN, COMMERCE mein achi hoti hai…..

From this we will learn: Banks having Delhi as its HQ

Punjabi:

9.       Punjab National Bank: New Delhi

10.   Punjab and Sind Bank: New Delhi

 

Women:

11.   Bhartiya Mahila Bank: New Delhi

 

Commerce:

12.   Oriental bank of Commerce: New Delhi

 

Trick 4: Banks having “Indian” in their name have their HQ in “Chennai”

13.   Indian Bank                                  : Chennai

14.   Indian Overseas Bank               : Chennai

 

Trick 5: Some Banks HQ can be learned from their name only..

15.   Bank Of Maharastra Þ           Pune

16.   Bank of Baroda          Þ           Vadodara

17.   Andhra Bank               Þ           Hyderabad

Trick 6: Banks having Southern touch in their name having HQ in Bengaluru..

18.   Canara Bank               : Bangalore

19.   Vijaya Bank                 : Bangalore

 

Trick 7:

A phrase which is pronounced as “ManSyCo”

Man: Manipal, Karnataka

20.   Sy: Syndicate Bank    

 

Man: Mangalore

21.   Co: Corporation Bank

Handy Notes Banking : A Brief on Mutual Funds

What are Mutual Funds?

Mutual Fund is trusts which pool the savings of large number of investors and then reinvests those funds for earning profits and then distribute the dividend among the investors. In return for such services, Asset Management Companies charge small fees.   

Every Mutual Fund launches different schemes, each with a specific objective.   Investors who share the same objectives invests in that particular Scheme.   Each Mutual Fund Scheme is managed by a Fund Manager with the help of his team of professionals.

The mutual funds in India are governed by Association of Mutual Funds in India, the umbrella body for mutual funds, which is in turn governed by the Securities and Exchange Board of India.
A diagrammatic representation to understand the Cycle”:

 

Where does Mutual Funds usually invest their funds :

The Mutual Funds usually invest their funds in equities, bonds, debentures, call money etc., depending on the objectives and terms of scheme floated by MF.

 

What is NAV ? Define NAV :

NAV means Net Asset Value.  NAV is arrived at after deducting all liabilities (except unit capital) of the fund from the realisable value of all assets and dividing by number of units outstanding. Therefore,  NAV on a particular day reflects the realisable value that the investor will get for each unit if the scheme is liquidated on that date.   This NAV keeps on changing with the changes in the market rates of equity and bond markets.    Therefore, the investments in Mutual Funds is not risk free.

 

Some types of MF

Open ended funds are allowed to issue and redeem units any time during the life of the scheme, but close ended funds can not issue new units except in case of bonus or rights issue.   Therefore, unit capital of open ended funds can fluctuate on daily basis (as new investors may purchase fresh units), but that is not the case for close ended schemes.  

 

What is the difference between Mutual Funds and Hedge Funds:

Hedge Funds are the investment portfolios which are aggressively managed and uses advanced investment strategies, such as leveraged, long, short and derivative positions in both domestic and international markets with a goal of generating high returns .  In case of Hedged Funds, the number of investors is usually small and minimum investment required is large.   Moreover, they are more risky and generally the investor is not allowed to withdraw funds before a fixed tenure.

 

Various Entities of Mutual Funds:

1.       SPONSER:  Sponsor is the person  who establishes the mutual fund. It can be a group of people or a single person.

2.       TRUST: The Mutual Fund is constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882 by the Sponsor. The trust deed is registered under the Indian Registration Act, 1908.

3.       TRUSTEE: Trustee is usually a company or a Board of Trustees. The main responsibility of the Trustee is to safeguard the interest of the unit holders and to ensure the interest of investors in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

4.       ASSET MANAGEMENT COMPANY (AMC):The Trustee as the Investment Manager of the Mutual Fund appoints the AMC. The AMC is required to be approved by the Securities and Exchange Board of India (SEBI) to act as an asset management company of the Mutual Fund.

5.       REGISTAR AND TRANSFER AGENT: The AMC if so authorized by the Trust Deed appoints the Registrar and Transfer Agent to the Mutual Fund.

6.       NAV:  NAV or Net Asset Value is the market value of the assets per unit after deducting the liabilities.

7.       LOCK-IN PERIOD: If investment is in equity linked saving schemes (ELSS) the lock in period is three years. Which means your money will remain locked in with the mutual fund company for a period of three years. 

SIP: SIP or Systematic Investment Plan enables you to invest an amount on a regular basis and bring about a disciplined approach to investing.

Uses of “OF”

Rule 1.  belonging to somebody; relating to somebody

Examples:

a friend of mine, the love of a mother for her child, the role of the teacher, Can’t you throw out that old bike of Tommy’s?, the paintings ofMonet

*When you are talking about everything someone has painted, written, etc. use of. When you are referring to one or more examples of somebody’s work, use by: a painting by Monet

 

Rule 2.  belonging to something; being part of something; relating to something:

Examples:

the lid of the box, the director of the company, a member of the team, the result of the debate

 

Rule 3.  coming from a particular background of living in a place

Examples:

a woman of Italian descent, the people of Wales

 

Rule 4.  concerning or showing somebody/something

Examples:

a story of passion, a photo of my dog, a map ofIndia

 

Rule 5.  used to say that somebody/something is, consists of, or contains

Examples:

the city of Dublin, the issue of housing, a crowdof people, a glass of milk

 

Rule 6.  used with measurements and expressions of time, age etc

Examples:

2 kilos of potatoes, an increase of 2%, a girl of12, the fourth of July, the year of his birth (old-fashioned) We would often have a walk of an evening.

 

Rule 7.  used to show somebody/something belongs to a group, often after some, a few etc

Examples:

some of his friends, a few of the problems, the most famous of all the stars

 

Rule 8.  used to show the position of something/somebody in space or time

Examples:

just north of Detroit, at the time of the revolution, at a quarter of eleven tonight (= 10.45 p.m.)

 

Rule 9.  used after nouns formed from verbs. The noun after ‘of’ can be either the object or the subject of the action

Examples:

the arrival of the police, fear of the dark, the howling of the wind

 

Rule 10.  used after some verbs before mentioning somebody/something involved in the action: to rob/deprive somebody of something.

Examples:

He was cleared of all blame, think of a number.

 

Rule 11. used after some adjectives before mentioning somebody/something that a feeling relates to

Examples:

to be ashamed of, proud of something

 

Rule 12. used to give your opinion of somebody’s behavior

Examples:

It was kind of you to offer.

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