The
Indian financial market is passing through a transition
phase. In the present scenario of global economic
slowdown and rising inflation, it has become imperative
for the investors to make diversified investments
for their surplus money. To find the diversified investment
avenues and minimize the risks, expert knowledge and
services are required. This service, known as Wealth
management, is presently being provided by various
banks. It comprises investment advisory to clients,
managing the investment pool in diversified area such
as mutual fund, insurance, equity, debentures, etc.,
and maximizing returns on investment. Thus, in essence,
Wealth Management Service (WMS) is an indispensable
tool for the investors to create wealth.
Wealth
management is a worldwide phenomenon and is gaining
prominence globally due to the advantages it provides
to the customers, business entities as well as to
the industry as a whole. Though wealth management
is getting popular and spreading very fast in the
Indian Economy and elsewhere still most people do
not know about it. On the other hand, those who have
an idea of the same are reluctant to use it due to
certain misconceptions regarding the confidentiality
of the information, etc. This phenomenon is pervasive
even among the HNW individuals. Thus, wealth management
posses a major challenge. The present case deals with
the study of WMS, its products and services provided
by various banks through which a comparison can be
made among the various banks' WMS's.
After
the completion of interview, a thorough check-up of
the data has been made. The collected data has been
analyzed with the help of statistical tools like percentages.
Besides tables, pie charts and bar diagrams have also
been used to analyze the data. Analysis of the questionnaire
has also been done with statistical tools like bar
diagrams, pie charts, line graphs, etc. |
