AHF Investment Trust

Vidyasagar University , Midnapore , West-Bengal , India eBooks, 1996

Subha Nababarsha! I convey my heartiest greetings to all of you on the occasion of Bengali New Year. By the tum of the year when you are replacing old calendar by the one for 1412 B.D. we present you this tenth volume of our Journal. Gradually through this journal we have been able to stretch our happy association with you for a decade; it is getting nourished by you to step into its adolescence. We expect this association to be stronger and longer. This issue, significantly bigger in volume and richer in quality, contains ten articles. We congratulate all the contributors for their contributions. We also remem ber those contributors whom we could not accommodate for technical reason in rela tion to the blind review system. We specially appeal to them for continuing their cooperation. Prof. Dilip Kumar Sen (from Bangladesh) writes on an 'Interlocking approach to Accounting, Economics and Finance' in the context of socio-economic development. Two authors in two different perspectives have dealt with risk man agement issue-Prof. Jita Bhattacharyya on 'Foreign exchange' risk and Dr. Bharati V. Pathak on 'Indian banks'. There is another study by Mr. Amitesh Chowdhury on 'The impact of technology on the performance of banks'. Prof. S.N .Dhar (jointly with Mr. Satyaki Mitra) and Mr. Partha Sarkar (jointly with Dr. P.K.Tripathy) have addressed two functional management areas of' Management' and 'Human Resource' respectively. Different dimensions ofcorporate issues which are ofcurrent relevance like' Disinvestment', 'Accounting Standards' , and'Performance measures' have been brought into focus by Mr. Goutam Bhoumik, Dr. Satyajit Dhar, and Dr. A.Gupta (jointly with Mr. Amit Majumder) respectively. Mr. Debashis Kundu has presented a sketch of 'Progress towards a new India'. Apart from the above articles, a commu nication from Mr. R. Roychowdhury based on his experience in chairing a seminar session on 'Accounting Standards' organized by our Department in 2003, has also been appended at the end. Once again 1 gratefully acknowledge the academic help and cooperation received from the learned Reviewers and the contributors and hopefully juxtapose our demand for the same in future years. I can't but appreciate the similar coopera tion extended by my younger colleagues including Dr. AGupta, the Executive Edi tor, who deserves special mention for his unstinted efforts towards all round im provement ofthejournal. Dr. Jayabrata Chatterjee, the proprietor of Mis. Computer Point, deserves equal credit for compressing the printing time. I leave with a promise to reappear and with a hope that this issue will also be well accepted at both the academic and professional levels.

2006

1998

Dear Friends, Through this Editorial, kindly allow me to convey my heartfelt thanks and gratitude to all the associates, specially the paper contributors and the well established academic giants from various Institutes of learn ing patronising us by acting as Reviewers, who have helped us in publica tion of this professional research Journal. This is the third volume, being published annually in consecutive years. On behalf of all the members of the Editorial Board I assured our readers in the past volumes that it would be our continuous endeavour to enrich the quality of the Journal and I am sure that the readers will appreci ate our move reflected in this volume. This volume of the Journal contains nine well thought papers cov ering various issues of contemporary nature in multidisciplinary areas in Commerce of which two have been selected and published in the Students' Section and the rest are placed in General Section. All the papers except the invitees were subject to blind review by experts. A few of the papers these from like, 'Teaching Accounting in India and in the US' contributed by Prof. B. Banerjee, 'Emerging Future Markets in India' by Dr. T.P. Ghosh; 'Population Pressure and the Problems of Environment in Calcutta' by Dr. D.N. Konar; 'Agricultural Taxation in India' by Prof. P.S. Das deserve spe cial mention. One of the most widely discussed themes in contemporary issues is the social control in Gram Panchayats' activities. This has been discussed and analysed by Sri Ll.K, Utthasani. Role of Insurance Sector in India is subject to debate in recent times. This has been highlighted by the joint authors, Sri A.K. Chattopadhyay and Sri S. Sarkar. Controversial points on Companies Bill have been raised by Sri S. Ghosh. 'Application of Lin ear Programming in Capital Rationing' written by our existing P.G. stu dents is definitely appreciable. Similarly, Sri Santimoy Patra, one of our ex-students has written on 'Depreciation Accounting'. The contributors are all extremely knowledgeable and active in their respective areas under study. The papers published in this volume analyse problems and in many cases supported by rich empirical data and theoretical bases. However, the opinions and views expressed by the au thors are of the contributors themselves and should not be misconstrued as those of the Editorial Board. This volume also contains a short resume of the speeches on 'Re cent Trends in Capital Market in India,' given by Prof. Amit Mallik of the University of Burdwan and on ' International Financial Management' by Prof. Bhabatosh Banerjee of the Calcutta University in a recently held semi-Vidyasagar University Journal of Commerce nar . Many other learned colleagues also presented papers on the topics. The seminar was sponsored by our University and organised by the Depart ment of Commerce with Farm Management of this University. Sri Arup Kumar Chattopadhyay and Sri Arindam Gupta kindly acted as Rapporteurs. To my mind, the professionals, working executives, researchers and students, specially from Commerce and Management arena, may find this Journal quite relevant and useful for significantly improving their knowl edge and skill. If you wish to comment on any views expressed by any of our contributors, please feel free to communicate the same to the Executive Editor. Your active help and constructive suggestions will certainly help us in enriching the quality of this professional Journal further. However,for the publication of future issues of this Journal, the Editorial Board may think of including a gist of some recent research work done by stalwarts of different Universities and Institutes of higher learning in the field of Commerce and allied areas. The Board may also think of rewarding the contributor, judging the best article published in the volume. The publication may also include review reports of some outstanding books, referred to our Editorial Board. Any kind of suggestion will be sincerely appreciated.

An index fund is a mutual fund that aims to imitate some benchmark index. There are several advantages of investing in an index fund, namely, exposure to a diversified portfolio, minimization of company-specific risks, high liquidity, etc. In India, there has been a significant growth in the number of index funds from 2002 onwards. Today there are more than 20 index funds imitating the NIFTY or SENSEX. In this article, we review and compare a number of Indian index funds. The CRISIL composite ranking of an index fund reflects the quarterly performance of that fund and is subject to fluctuations. We are interested in those index funds that do not deviate significantly from the underlying benchmark index in the long run. This ensures that an investor gets the benefit of any strong rally in the benchmark index, which the index fund imitates. We identify some index funds that satisfy our criteria, and are also ranked above three (indicating above average performance) in the CRISIL rankings of March 2011 and December 2010.

Report from a conference on Accessing Venture …, 1999

In recent years, India has made good progress in the export of information technology (IT) software and services. Many other countries now look to it as a model. At the same time, India's concentration of low value-added services, the near-absence of technology development, and the total absence of hardware development suggest that IT exports are not fulfilling their potential, either in terms of innovative content or of possible sustainability. The Indian government has set aggressive targets for the high technology industry, including an annual export growth rate of 33 percent for the next decade, compared with 50 percent over the past five years. These goals will translate to substantial dollar increases in software and IT services exports-from $3 billion in 1998 to $50 billion in 2008. Can this ambitious figure be achieved? Or, perhaps, is it too low, given India's current growth trajectory?

International Journal of Advance and Innovative Research Volume 6, Issue 3 (I): July - September, 2019 Part - 1 67 ISSN 2394 - 7780, 2019

ABSTRACT Angel Investing is a source of finance which provides money to start ups firms and companies at a very initial stage of business operations. It is a peculiar source of investment where the investor invests in the business idea of the person rather than his business. It is very high-risk investment where no guarantee of returns lies with the investor. It is a means of achieving the dreams for the people with good business ideas and lack of funds. Angel investment is done with a dual purpose. Apart from making profit the investors intend to extend a helping hand to potential businessmen. Hence the risk taken by the angel investors is high as they are prepared to bear losses at times. To study “Angel Investment” - as an untapped and unutilized source of finance we have undertaken a survey of 50 budding and existing entrepreneurs in Navi Mumbai region. After the survey we found that, lack of funds and difficulty are there to receive borrowed funds; prove to be a major factor discouraging aspiring entrepreneurs. We also found that the respondents are unaware of the concept of angel Investment and showed willingness towards being funded by angel investors. So, there is a necessity to create awareness about angel Investment in the society which will become the viable funding options for upcoming entrepreneurs and will be the great opportunity to encourage job creation for young and talented aspiring businessmen. This unutilized concept if used optimally can help budding entrepreneur to become successful businessmen greatly. Keywords: Angel Investment, Untapped, Unutilized, Budding entrepreneur