Evaluate progress against original aims, objectives and targets (set in 2.1)
The main aim of doing my internship was to gain knowledge in the field of finance as well as analyse the company’s balance sheet for the investment purpose and manage people’s money for the purposes of increasing their wealth and be part of a portfolio management team.
Therefore during the internship as an trainee assistant in Research & Data analyst I was able develop and gain my knowledge in the field of finance as well as in the field of mutual funds.
As I was a trainee assistant in the Research and Data analyst, I was able to develop my communications skills as my job was to look for new possible areas of investment therefore I had to talk to different fund managers on their views on the stock market, economy and company results etc.
The first week of my internship I had to understand the working style of the firm, their client needs, talk to the fund managers about the possible This helped me to understand the working of the firm and style of approaching clients as well as the functioning of my department.
Then I also use to conduct research for my department as my department is itself portrays research and data analyst where we need to research new possible areas for investment proposal as a result of doing this activities I improved my research skills. Thereafter also my job was also to take up and look after the company’s auditing of the financial performance therefore any problems in the auditing of the firm side by side I used to improve my problem skills.
Write a management report which determines conclusions that are consistent with your aims, objectives and targets, identifying data and information to support the conclusions. Present the report in an appropriate format outlining the research undertaken and analyse the outcomes.(Word limit: 2000)
As the name of the organisation itself is indicative of its intention, VCare offers its clients, utmost professional financial advice and service. The comfort zone thus created between them and their clients have smoothened the process of achievement of their client’s financial goals and growth in the long term.
Their clients have shown immense faith in their work processed and that reflects in their Asset under Management. The figure is currently around Rs. 500 crore. The company was established in the year 2004 by Mr. Piyush Shah and since then VCare investments services Pvt. ltd taken rapid strides in the field of investment services in Mumbai since its inception. VCare investments services Pvt. Ltd was incorporated in May 2004 at South Mumbai by the CEO Piyush Shah. Down the line, VCare investments services has acquired many credentials in the mutual fund sectors, they have been recognized as “Preferred Partners” for the following Asset Management Companies (AMC):
* Reliance mutual fund.
* Franklin Templeton investments.
* HDFC mutual fund.
* Kotak mutual fund.
* Chola mutual fund.
* LIC Insurance Corporation of India.
Therefore they are increasing their presence and establishing VCare investments services Pvt. Ltd as the number financial and investment advisors. They have parent branches across the regions like Investor Shoppee services Pvt. ltd in Bangalore as well as Invest care services Pvt. ltd in Baroda in Gujarat, which shows that they are increasing their presences as well as spreading the business all over India.
Mission and Vision Statement: –
Vision statement of VCare investment services Pvt. ltd is to assure the deliverables of the highest quality to the clients like recommendations of an investment, entry/exit decision and items related to their personal investments.
Mission statement: – To become the domestic market leader by providing the utmost professional guidance in investment products sector as well as financial advisement sector.
“Mission and vision (2010) [online] (updated 24th August 2010) Available at: http://www.vcareinvests.com [Accessed 24th may 2011].”
Different Departments: –
As VCare investments services Pvt. ltd is in the tertiary sector where they provide professional services to its customers have 4 departments to run the organisation where each departments have being specific targets and objectives in order to run the organisation successfully. The 4 main departments of VCare investments services Pvt .Ltd are:-
Accounts/ Research and data analyst department.
The role of the accounts department is mainly to look after the books of accounts, petty cash books, and financial statements of the company, cash flow statement, and investment appraisal and with that make suitable financial conclusion.
The role of the Research and data analyst is mainly to audit the financial statements as well as increase the client base from different regions of the city. Make research report for initiating new investment proposal. The author was working in the research and data analyst as a trainee assistant. There were 10 people in the research and data analyst department. The team use to look after the financial statements , auditing, making research reports for new area of investments proposals.
While working with this department I learned about the global automobile market, I improved my communication skills by interacting with the team member, I improved my time management skills by completing all the tasks on time, I improved my problem solving skills by assisting the finance manager by giving him suggestions for improving the company’s financial records and as well as and proposals for new investment.
Human Resource Department
This department looks after all the recruitment, training, health & safety and pay negotiations with unions / workers.
This department conducts the marketing function for the company and carries out market research for the company. It also organizes advertising and product promotion for the company.
This department looks after the sales of the company’s product to customers.
Organisational structure: –
Wilson and Rosenfeld (1990, p.215) says, “The established pattern of relationships between the component parts of an organisation, outlining both communication, control and authority patterns. Structure distinguishes the parts of an organisation and delineates the relationship between them”. Organisations are structured in a variety of ways, dependant on their objectives and culture. The structure of an organisation will determine the manner in which it operates and its performance. Structure allows the responsibilities for different functions and processes to be clearly allocated to different departments and employees.
Bartol and Martin (1994, p.283) says, “The Formal pattern of interactions and coordination designed by management link the task of individuals and groups in achieving organisational goals. All companies that are available today have a structure of the positioning of its employees. It shows how work is divided and how the co-ordination works between the members of the organization. The structure also shows how the tasks and responsibilities will be delegated and the way of communication is done from the top level of management to the lower level of management.