Bajaj Finserv is planning to launch its asset management business by next year and the firm will be investing around Rs 50 to Rs 75 crore for this venture along with its joint venture partner Allianz.
Bajaj Finserv intends to build a strong retail business on which it is currently focusing. The company has not yet finalised team for the AMC and is also interested in entering the banking space. It is still waiting for the new banking guidelines and only after that it will take decisions based on it.
Bajaj Finserv plans to disburse loans worth Rs 10,000 crore this year, of which loans worth Rs 800-1,000 crore would be given to Central Bank of India to the retail and small and medium enterprises (SMEs) under a co-financing arrangement. Bajaj Finserv and Central Bank of India have partnered to co-finance the retail and SMEs loans. As per the alliance, the retail and SME loans would be partially assigned to Central Bank of India.
Besides, Bajaj Finserv has reported results for the quarter and the year ended March 31, 2011
The company’s net profit for the quarter ended March 31, 2011 has zoomed by 5627.24% at Rs 140.89 crore as compared to Rs 2.46 crore for the quarter ended March 31, 2010. Its total income has decreased by 23.47% from Rs 27.40 crore in the March quarter of the previous year to Rs 20.97 crore for the March Quarter of the year 2011.
For the year ended March 31, 2011, the company’s net profit has expanded by 540.83% at Rs 188.34 crore as compared to Rs 29.39 crore for the year ended March 31, 2010. However, its total income has decreased marginally by 2.88% at Rs 126.06 crore for the year under review from Rs 129.80 crore a period ago.
| Company Name | CMP |
|---|---|
| Bajaj Finserv | 1569.10 |
| Paul Merchants | 912.25 |
| IIFL Finance | 407.25 |
| Altius Telecom Infra | 151.00 |
| Embassy Office Parks | 356.53 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
