Michael (year 2011)

c language/genre identification process receives a sequence of words from an inputted document,

and compares each received word to all of the words in all WFTs. Whenever a received word is
found in any WFT, the process adds the word's associated NFO to a current total in the
associated accumulator. In this manner, totals in all accumulators build up into language
discriminating values after a number of words are read from the document. Processing stops
when either the end of the document is reached or when a predetermined number of words are
received; and then the language/genre associated with the accumulator containing total is the
identified language.

J.kamara (year2013)

Describes a process model for processing client requirements, which was developed in
response to the need for an appropriate framework for client requirements processing in
construction. The model, which is represented using the IDEF‐0 modelling method, draws from
requirements processing techniques in manufacturing and requirements engineering, and its
development was based on an iterative process involving practitioners from the construction
industry. Uses an example of a family house project to demonstrate how the model facilitates the
precise definition, analysis and translation of client requirements into solution‐neutral design
specifications.
Vidyasagar (year2012)

The success story of any economy can only be scripted on the basis of sound financial system of
the country. Economic reform process of 1991 had a great impact on the financial system of the
country leading to the overall development of the Indian economy. Today, India’s financial
system is considered to be sound and stable as compared to many other Asian countries where
the financial market is facing many crises. During last one decade or so, role of Indian mutual
funds industry as a significant financial service in financial market has really been noteworthy.
In fact, Mutual funds have emerged as an important segment of financial market of India,
especially as a result of the initiatives taken by the Govt. of India for resolving problems relating
to UTI’s US-64 and to liberalize tax liabilities

Conclusion: the financial system is leading overall country and developing its process .in today
india’s financial system is compared to many other countries .and its resolving the problems
related to UTI’S US to tax liabilities

R. jayant kale (year 2011)

This article presents an overview of the mutual fund industry in India and the reasons for its poor
penetration, which includes lack of objective research. It benchmarks the industry globally, and
raises key issues regarding the ownership and performance of mutual funds, the sensitivity of
fund flows to performance, and the importance of regulation to its growth, all of which have
been largely under researched in India. It then captures the views of leading practitioners on
these and other issues, including the challenges posed by poor financial literacy, the equity
culture in the country, and the weakly supportive regulations

Conclusion : in this article it presents an overview of mutual fund in india and it includes lack of
objective research reasons for poor penetration.
Vincent glode (year2012)
I propose a parsimonious model that reproduces the negative risk-adjusted perform an model, a
fund manager can generate state-dependent active returns at a disutility. Negative expected
performance and mutual fund investing simultaneously arise in equilibrium because the active
return the fund manager generates positively with a components of the pricing kernel that the
performance measure omits, consistent with recent empirical evidence. Using data on U.S. funds,
I also document new empirical evidence consistent with the model's cross-sectional implications

Annagapova (year2010)

This paper examines the implications of substitutability of two similar investment vehicles:
conventional index mutual funds and exchange-traded funds (ETFs). It seeks to explain the
coexistence of these vehicle types, which offer a claim on the same underlying index return
process, but have distinctly different organizational structures. This study compares aggregate
fund flows into conventional open-ended index funds to those into ETFs for various underlying
indexes. The study shows that conventional funds and ETFs are substitutes, but not perfect
substitutes for one another. Evidence suggests that the coexistence of both instruments can be
explained by a clientele effect that segregates the two vehicles
HG.rammal (year2013)

HWe analize the financial performance and investment style of 265 Islamic equity funds from 20
countries. As Islamic funds often have diverse We pursue the first large-scale investigation of a
strongly growing mutual fund type: Islamic funds. Based on an unexplored, survivorship bias-
adjusted investment regions, we develop a (conditional) three-level Car hart model to
simultaneously control for exposure to different national, regional and global equity markets and
investment styles. Consistent with recent evidence for conventional funds, we find Islamic funds
to display superior learning in more developed Islamic financial markets. While Islamic funds
from these markets are competitive to international equity benchmarks, funds from especially
Western nations with less Islamic assets tend to significantly underperform. Islamic funds’
investment style is somewhat tilted towards growth stocks. Funds from predominantly Muslim
economies also show a clear small cap preference. These results are consistent over time and
robust to time varying market exposures and capital market restriction

M savithri (year2013)

Mutual Funds in India are turning into a perfect speculation decision contrasted with safe
ventures, for example, Fixed Deposits and postal which gives relatively low returns. Since the
year 2003 from which the present phase of bull run in the Indian capital markets started, the
shared store industry While the development as far as the AUM was repressed over the period
from 2009-2013, it has picked up exceptional force over the four year period until March 2013.
Mutual funds are vehicles to invest in the securities markets. There are two primary ways to
channel savings into productive investments. This study deals with the origin, growth and
features of mutual funds in India. This empirical study clearly explain the types and benefits
of mutual funds available in India and clearly explain the features available in present
Neeraj (year2010)

The Indian Capital market has been increasing tremendously during the last few years. With the
reforms of economy, reforms of industrial policy, reforms of public sector and reforms of
financial sector, the economy has been opened up and many developments have been taking
place in the Indian money market and capital market. In order to help the small investors, mutual
fund industry has come up to occupy an important place. Mutual funds are a pool of money
collected from many investors and corporate and then invested by fund managers to buy
securities such as stocks and bonds. This requires that the investor studies his needs and
aspirations, identifies a goal that he wants to achieve, and then makes an investment decision.
However, this decision cannot be made on the basis of comparing one fund to another, since
every Mutual Fund invests based on a particular focus. There are Blue-Chip funds which invest
only in big companies with established track records. Besides this, there are Mid Cap Mutual
Funds which invest in medium-sized companies. Similarly, there are sector-based Mutual Funds
such as Information Technology, infrastructure etc. The main objective of this paper is to
examine the importance and growth of mutual funds and evaluate the mutual fund problems and
recommend some measures to make it a successful scheme in India

Donalee brown (year2011)

The advent and evolution of behavioral finance has brought with it a revolution in the finance
industry. Despite all its resources and infrastructure the investment advisory business often
results in frustrating and ineffective advisor/client relationships. Using the principles of
behavioral finance, the current study explores the psychological concept of individual attachment
style and applies it to the relationship construction between the financial advisor and client.
Results provide valuable information to the financial advisor in detecting and understanding
different client characteristics that can help lead to productive, satisfactory advisor/client
relationships navigate community forms, which together serve as a vehicle by which a user can
access information and personal guidance on stock options and other forms of equity
compensation
Robert kosowski (year2015)

This paper shows that the stylized fact of average mutual fund underperformance documented in
the literature stems from expansion periods when funds have statistically significant negative
risk-adjusted performance and not recession periods when risk-adjusted fund performance is
positive. These results imply that traditional unconditional performance measures understate the
value added by active mutual fund managers in recessions, when investors' marginal utility of
wealth is high. The risk-adjusted performance (or alpha) difference between recession and
expansion periods is statistically and economically significant at 3% to 5% per year. Our
findings are based on a novel multi-variate conditional regime-switching performance
methodology used to carry out one of the most comprehensive examinations of the performance
of US domestic equity mutual funds in recessions and expansions from 1962 to 2005. The
findings are robust to the choice of the factor model (including bond and liquidity factor
extensions), the use of NBER business cycle dates, fund load, turnover, expenses and percentage

Henry N.Schiffman (year2015)

The financial restructuring of enterprises is fundamental to the modernization of the economies
of countries of the former Soviet union (FSU). If the models in the West presage the process that
will be followed in FSU countries, and with the lack of alternative institutions for intermediation
in channeling savings to corporate finance, banks will play a significant role in this process.
Enterprise restructuring can proceed even before privatization as conditions evolve with some
incentives of a private enterprise economy. As the role of banks changes from distribution of
financing under a state plan to one of credit assessment, banks will have access to information
concerning enterprises' financial conditions which will also enhance their ability to perform an
investment banking function in restructuring. The most significant factor which will enable
banks to lead restructurings is their position as the main creditors of large state enterprises, which
will enable banks to gain increased authority in determining whether enterprises will be
financially reorganized or will be liquidated in whole or in part. This will also raise the issue of
potential undue concentration of economic power. The paper describes a typical restructuring
transaction in the West, to determine whether similar transactions could be undertaken by banks
in FSU countries, and examines in some detail the elements needed to be successful. Banks in
FSU countries, as in the West, can arrange financing from different sources to try to ensure that
there is an appropriate capital structure that will meet the new projected cash flow of the
enterprise. Banks' activities in enterprise restructuring raise certain concerns for bank supervisors
John Beduwoode (year2010)

Since the financial services industry has reached a level of maturity in terms of products and
quality of delivery of services and the advent of foreign players, there has been virtual war
for talent among the premier stock broking companies in India and it is observed that the
need of the hour is to ensure long‐term association of the employees with the company. It is
necessary to understand how best one can integrate the aspirations of the employees in this
industry with the mission and goals of the organization.