March 06, 2011

(CMP: Rs. 172.35)
Buy
Target Price: Rs 260
(nishit@managementfunda.com)
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Company Profile:

• Phoenix Mills Ltd. (PML) began operations as a textile manufacturing company in 1905, on 17.3 acres of land in Lower Parel, Mumbai.
• In 1987, the company entered Mumbai’s real estate market through development of [...]

SVCL is a wholly owned subsidiary of State Industrial Bank of India (SIDBI), incorporated in 1999. SVCL’s main aim/mission is to work upon the entrepreneurship idea by providing adequate capital and strategic inputs at various stages of the business for all round growth opportunities and also maximize the returns on investment. [...]

What is ‘Para Banking’?

It provides a framework of rules/regulations/instructions to the Scheduled Commercial Banks for undertaking certain financial services or para-banking activities as permitted by RBI.

What is ‘Universal Banking’?

Universal Banking is a superstore for financial products under one roof. Corporate can get loans and [...]

INTRODUCTION

The Reliance group – one of India’s largest business houses with revenues of Rs. 990 billion ($22.6 billion) that is equal to 3.5 percent of the country’s gross domestic product was split into two.

The group – which claims to contribute nearly 10 per cent of the country’s indirect tax [...]

Glossary: Some terms related with Mutual Funds:

ACCOUNT STATEMENT:
A document issued by the mutual fund, giving details of transactions and holdings of an investor.

ADJUSTED NAV (TOTAL RETURN):
The net asset value of a unit assuming reinvestment of distributions made to the investors in any form.

ADVISOR:
Your financial consultant who gives [...]

INDUSTRY BACKGROUND

The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in 1989, as the next logical [...]