The Disadvantages Of Baby Sitting Children And Young People Essay

The Disadvantages Of Baby Sitting Children And Young People Essay Babysitters can range in age, tending to be in their pre-teens/teens, ages 11-19, yet it is not uncommon for students in their 20s to take on babysitting as a part-time job. The type of work for babysitters also varies, from watching a sleeping child, to playing games, preparing meals, teaching the child to read, or even driving (if the age is right), depending on the agreed upon terms and determined by parental permission. In some countries various organizations produce courses for babysitters, mainly focusing on child safety and first aid appropriate for infants and children. These classes or courses can be provided at local hospitals and sometimes even schools. These classes can equip the babysitter with information to keep both the child, or children, and sitter safe in various health and weather scenarios. [edit] U.S. In the United States, the circumstances that babysitters face can change quickly. The American Red Cross is currently the most popular form of certification; its curriculum ranges from sleeping to emergencies to encouraging young entrepreneurship. It has been statistically shown that parents are more relaxed with a certified babysitter. [1] [edit] Word History The term baby sitter first appeared in 1937; the verb form baby-sit is first recorded in 1947.[2] The American Heritage College Dictionary notes One normally would expect the agent noun babysitter with its -er suffix to come from the verb baby-sit, as diver comes from dive, but in fact babysitter is first recorded in 1937, ten years earlier than the first appearance of baby-sit. Thus the verb was derived from the agent noun rather than the other way around, and represents a good example of back-formation.[3] The use of the word sit to abbreviate to refer to a baby-sitter is recorded from 1800[citation needed]. The term may have originated from the action of the caretaker sitting on the baby in one room, while the parents were entertaining or busy in another. [edit] International variations in definition In British English the term refers only to caring for a child for a few hours, on an informal basis and usually in the evening when the child is asleep for most of the time.[citation needed] In American English the term can include caring for a child for the whole or most of the day, and on a regular or more formal basis, which would be described as childminding in British English. In the United States, the term is sometimes used when one parent is at home and the other, who would normally be present, is not. In India a babysitter or nanny is known as an ayah or aya, a person hired on a longer term contract basis to look after a child regardless of the presence of the parents. The Disadvantages of Baby-Sitting Baby-sitting is a way to get some extra money in a short time period, but disadvantages are present, such as hours, behavior of children and irregular schedule. This is not a dependable way to earn income because you are at the mercy of families needing a baby-sitter. On-Demand Sitting Baby-sitters are needed sporadically. There is no regular schedule and are often called upon last minute. The jobs can occur once and then never again. It all depends on whether the employer ever needs a baby-sitter again and if he was happy with your work with his children. Uneducated in Child Care A person who is in need of a baby-sitter may require the sitter to have certain type of experience and certifications, such as CPR, before hiring a baby-sitter. However, typically, baby-sitters do not have an education in child care or several years of experience. This type of person is usually doing it to make a few extra dollars. Hours The hours of a baby-sitting job could be at any time during the day. If a baby-sitter limits the hours of her availability, the amount of work is decreased. Also, a baby-sitter needs to be ready for long night hours. Most baby-sitters are needed to watch children at night while the parents take in a movie, dinner or attend a work event. Behavior of Children The children that a baby-sitter tends to may appear have angel-like characteristics in front of his parents, but things may change when a sitter is alone with the child. The children may have foul language, tantrums if they dont get what they want or display meanness because the parents left them with a sitter. What are the advantages of babysitters? One of the advantages of using a babysitter is that your baby or child will be one of a small group, and the babysitter can therefore offer plenty of individual attention. Some babysitters take care of children from several families, and usually have mixed age groups, which closely mirrors family life. This may help your child learn to feel comfortable around older and younger children. It also makes it easier to care for all the children in a family, from babies to school age children. Often, babysitters look after children from babyhood through to secondary school, giving them a great sense of security and continuity. Many parents like this family-friendly interaction, and sometimes what starts out as a babysitting arrangement becomes a strong friendship that lasts for years. Taking your child to a babysitter can be the next best thing to your own home. If youre lucky enough to find a good babysitter close by, so much the better; your child will feel even more at home. From a practical viewpoint, babysitters can often be more flexible about pick-up and drop-off times. This extra flexibility may mean that you dont have to organise back-up care as often and is particularly useful if you work shifts. However, like all childcare arrangements, it is important not to take advantage, otherwise you may find that you have to start your childcare search all over again. What are the disadvantages? If your babysitter becomes ill or takes a holiday, you may be stumped for back-up childcare. Make sure you ask your babysitter how she deals with situations like this. Some parents worry that the babysitters children will get more attention than their own, which puts them off the arrangement. Even the best babysitters still have to meet the needs of their own families and the other children that they are caring for. However, all aspects of day-to-day life can offer learning opportunities, and good babysitters will ensure that the children in their care are regularly engaged in new activities and experiences. Making a decision In common with most childcare choices, there are pros and cons for you to weigh up. But depending on your own perspective, what one person might see as a disadvantage (such as fitting into the babysitters daily routine), might be viewed as an advantage by another (lots of learning opportunities in a family environment). The best decision for you will be based on what feels right in your individual circumstances. Baby-Sitting Duties Salary For a great many people, baby-sitting is the first hired work experience in life. Non-professional baby sitters usually range between the ages of 15 and 22. For young people, baby-sitting is usually great non-family related flexible employment that can continue all the way through college. Baby sitters have two duties: to keep the children safe and to provide them with comfort. The rates, however, vary by location and circumstance. Safety The No. 1 and most basic of baby-sitter duties is to make sure that the kids are safe; that no physical harm has occurred to them on your watch. Accidents can happen, but it is the sitters responsibility to know where the child is at all times. If there are multiple children, it is also the sitters duty to make sure that they do not harm each other. Knowing the dangers in a house, especially for the first time can be difficult. It is important to go over all the safety details with the parents before they leave you. Where are all the doors? Are they locked? Do the drawers and kitchen cabinets lock? Are the electrical outlets properly covered? and so on. The best way to keep a child safe is to keep them in your attention at all times. Young children should be followed and monitored closely, older children can have a little more privacy if they desire. If you must drive make sure you have proper car seats. You must also need to know what to do in the case of emergency; where the first aid is, how to do CPR and where to call for help. Care Along with safety, a baby sitters duty is to provide the children with their basic needs. Usually you will have to feed them, bath them, change diapers or help them with the toilet. The basic needs of children depend on their age; an infant will require full attention at all times even when sleeping. Entertainment and Comfort Aside from what a baby sitter has a to do, there are things a babysitter should do. Many children are uneasy about seeing their parents leave, as such a baby sitter needs to comfort them by reassuring the child that their parents will return soon and in the meantime you are going to have a lot of fun together. Children love it when adults play with them; ask to see their favorite toy, or watch their favorite movie, read them a book, play outside if there is a yard, or if the parents permit it, drive to a park or bakery for the afternoon. Baby sitting is made all the more easy when the children like and enjoy the company of their baby sitter. Really good baby sitters can become almost part of the family in some cases. Salary Rates The wages for a baby sitter vary drastically depending on the circumstances. The average baby-sitting rate in the United States is between $8 and $10 per hour. Though the average seems low, it is higher than the minimum wage in many states. There are, however, variables. Some inexperienced sitters may earn as low as $5 per hour, or on the extreme opposite experienced sitters in wealthy neighborhoods can earn between $15 and $18 per hour. Usually babysitters can set their own rate depending on the situation; infants should generally add $1 to $2 more to your standard rate, and each additional child added should add $1 as well. If you provide yourself with your own transportation then consider adding between 50 cents and $1 to your salary. Babysitting Older Children Babysitting older children generally takes less work than taking care of toddlers or infants. Whereas babies need constant nurture and attention, older children can tend for themselves in a lot of areas. However, there still remains a fair share of work to be done when babysitting older children. Depending on the circumstance, you may be responsible for tasks like driving them to sports practices, helping them with homework, cooking them meals, and making sure their lights are out at bedtime. Often your babysitting responsibilities will be based on everything from your age to the specific needs of the children. Before beginning to babysit for older children, be sure to inquire as to exactly what the parents expect your responsibilities to be. It can also be helpful to obtain a babysitting checklist from the parents that will guide you with helpful instructions and reminders. Balancing Babysitter Responsibilities Taking care of children is rarely an easy task, and handling your responsibilities as a babysitter can sometimes be difficult. For example, if you are babysitting three or more children, or if one or more has special needs, the job can seem overwhelming. That is why it is important to properly balance your babysitting responsibilities so you do not exhaust yourself completely by the end of the evening. Babysitting is work, but it should also be enjoyable. Heres what you can do to keep your babysitter duties balanced: Ask the parents to explain their expectations for your babysitting services and derive a clear picture of your specific responsibilities for each child. Obtain a babysitting checklist from the parents, which will help you keep track of important information and requirements for each child. If you feel like too much responsibility is being put on you, speak up and tell the parents in a polite manner. Some parents do not realize what a handful their children can be, let alone all the tasks they want you to perform for them or around the house. Letting them know that you are being overwhelmed will cause them to realize they need to give their children more responsibilities of their own or, in some cases, to hire an additional babysitter to help you out. How to Use a Babysitting Checklist Babysitting checklists are given to child care providers by parents to give specific instructions, and contact information in case of emergencies.These checklists are important to obtain and utilize as a babysitter because they will detail how your responsibilities should be carried out. That way, if an issue arises, you will have the information that you need to deal with it. Some items that should be included include where the parents can be reached, the number of someone to call if you cannot get in contact with the parents, the childs doctor and insurance information, and a signed emergency treatment release for the child. With this information, you will be prepared for anything that might happen while you are babysitting. Once you are given a babysitting checklist, be sure to keep it with you in a pocket or purse at all times. Read its contents thoroughly before the parents leave, and scan through it several times during the day or evening so that you ensure all of your responsibilities are done properly. Managing Babysitter Responsibilities Managing babysitter responsibilities is one of the most important tasks involved in child care. When you agree to provide babysitting for someones children, it is imperative that you understand what your responsibilities are and how you should carry them out. Babysitter responsibilities can vary from job to job. Just as children differ, so will the ways in which they need to be taken care of. In order to have a solid understanding of the responsibilities a parent will want you to uphold, you should first discuss exactly what will be involved in babysitting for them. If they are not upfront with explaining the specific responsibilities for the job, be sure to inquire about them. Some babysitting jobs will simply necessitate watching and playing with the children. Others will include more extensive responsibilities like driving, cooking, changing diapers, cleaning and doing light housework. It is also helpful to obtain a babysitter checklist from the parents. This checklist will contain, among other things, information that will direct your specific responsibilities, such as how much TV the children are allowed to watch, how to discipline them, and what they can or cannot eat. These instructions will help you understand how to carry out each of your responsibilities so you are not left guessing on your own. With clearly defined expectations and a babysitter checklist from the parents, you will be on your way to managing babysitter responsibilities like an expert. Responsibilities for Babysitting Young Children Babysitting young children brings its own set of unique responsibilities. While older children can tend for themselves in a lot of areas, infants and toddlers require constant nurture and attention. Babies must be fed often and, as a result, their diapers must be changed on a frequent basis. Infants tend to spit up and toddlers make messes wherever they go, so you can expect to spend a significant amount of time cleaning up after them. Infants will also need to be held and comforted often. Young children require naps at certain times, usually specified by the parents, and it is important to make sure they get the rest they need. Most young children cry a lot and it is important to know how to handle such situations when they arise. In order to be fully prepared for babysitting young children, take a class on the subject and speak with parents who have experience. Also, be sure to ask the parents of babies you are considering taking care of what responsibilities they would expect you to have. Responsibilities of a Babysitter Babysitter responsibilities vary widely from job to job depending on the age of the children, their specific needs and the particular requirements set by the parents. For younger children, responsibilities may include diaper changes, feeding, and holding; on the other hand, babysitting older children may involve driving them to soccer practice or helping them with their homework. While some children are nearly self-sufficient, all will have certain needs. This could include anything from fixing them a snack to helping them with a physical disability. Circumstances that may surround the job, such as the parents going away on business or the children wanting to take a trip to the museum, may require you to take on heavier responsibilities such as staying overnight or driving. Specific expectations of the parents will also determine what you will have to do as a babysitter. For example, some parents want their children in bed at a certain time. In this case, you need to make sure that they change into pajamas and brush their teeth before that time comes. The best way to determine the responsibilities you will have as a babysitter is ask parents directly. Nanny Vs. Baby-sitting In-home child care from a professional nanny or an individual doing simple baby-sitting duties offers a parent greater flexibility and control with schedules, compared with day care. Though it may be more costly than day care, a nanny or baby sitter may be the best way to care for children. Ages of the children, the hours needed for care and additional expectations determine if a parent needs just a baby-sitter or a professional nanny. Parent Expectations A baby sitter is usually called when the need arises, or she may have regularly scheduled hours to care for children. Typically, the job of a baby sitter is to ensure the safety and comfort of a child while the parents are away for a few hours. A nanny usually is more involved with children for a major part of the day on a regular basis. The Nanny Network website says the responsibility of a nanny is to partner with the parents to help raise their charges to be responsible, competent young men and women. Experience A baby sitter may be a responsible teen or a trusted adult living in the neighborhood. Teenagers and adults who are serious about working as baby sitters receive training and certification from the American Red Cross. Professional nannies have experience thats backed up with written references, whether theyre working independently or for an agency. Household Duties Household duties are negotiated with either a baby sitter or nanny for additional pay. In either situation, care of the children is considered a priority over chores. Younger children require greater levels of care than school-age children, so expectations about extra duties like laundry and kitchen cleanup must be reasonable. Child Education Both the baby sitter and the nanny can be expected to read and play with children or help school-age children with homework. A nanny will take a greater interest in teaching children and may serve as a tutor. Since the goal of the nanny is to raise children to become responsible adults, she will also educate children in manners, etiquette and how to care for themselves. Child Discipline Merriam-Webster offers three definitions for discipline: instruction, self-control and punishment. A nanny is involved in all three areas of discipline for the training of children, which may include corporal punishment at the parents discretion. Typically, a baby sitter is less involved in the childs life and merely informs the parents about the childs behavior. Rate of Pay As of July 2010, the hourly rates for baby sitting average $8 to $12 an hour, but can be as little as $4 or more than $18 an hour, according to the Babysitting-Rates website. A number of factors affect the costs of hiring child care providers. Some of the variables are the number of children, the experience of the provider and expected household duties. In the Los Angeles area, Mirtas Domestic Agency reports salaries from $250 to $500 for a five-day week for live-in nannies working up to 60 hours, or live-out positions for up to 40 hours per week. Nannies usually receive one-week paid vacation after a year, plus six paid holidays, Mirtas says. How to Describe Baby-sitting Responsibilities Although all baby sitters share basic responsibilities, such as caring for children, providing entertaining activities and attending to the needs of the children, different parents and families may have their own expectations of their baby sitters. Help your baby sitter understand what your expectations are and what her responsibilities will be when watching your children by clearly describing her duties. By clearly defining the baby sitters role for the person you hire, you will help both yourself, your children and your baby sitter have the best experience possible. Instructions 1 Schedule a meet and greet with your baby sitter before her first day caring for your children. After giving the baby sitter time to introduce herself to your children, communicate with her about her role as a baby sitter. Discuss simple things such as rate of pay, bedtime routines and television policies first. 2 Communicate with your baby sitter about tasks that you feel she should complete as a part of her job responsibilities. For example, some parents prefer the baby sitter to make lunches and dinners for the children, while other parents prepare meals before leaving. Let her know whether its OK to take your children for outings to the park, an ice cream shop or on bike rides. 3 Develop a baby-sitting checklist that your baby sitter can refer to when you are gone, especially if you have a lot of rules and responsibilities for her to abide by. Remember that getting used to another familys routine may be overwhelming at first, so developing a checklist for your baby sitter of tasks to accomplish while youre gone can be a huge help. 4 Remind your children about the rules of the house and ask them to remind your baby sitter if any of the rules are broken. For example, make sure that your children understand that they are not to watch television while the baby sitter is over if that is your rule. Ask them to remind her if she turns on the television out of habit. How to Find a Babysitter Job Babysitting is a great first job for teenagers. Babysitting is a flexible job that can fit around any schedule involving school work, extracurricular activities, and weekends. Through babysitting, you can learn patience, how to be a responsible role model, and how to handle money. To find a job, show parents of young children that you have the skills and commitment needed to babysit Instructions 1 Create a resume. Include any babysitting experience you have had as well as the hours you are available. Ask parents if you can use them as references, and ask them for letters of recommendation that indicate your strengths as a babysitter. 2 Ask for referrals. Call family and friends for referrals of parents who are in need of a babysitter, or use a local referral program. Many states have free babysitter referral programs that screen families and teens to find the best fit. Call your local chamber of commerce to find a referral program in your area. 3 Take a CPR course. The American Red Cross provides training classes for all ages. Ask adults in your class if they need a babysitter or if they have any referrals, and hand out your resume. Parents are more likely to hire you when they know you are certified in CPR. 4 Post fliers around your community in grocery stores, churches, businesses and day care centers. Cut seven to 10 strips on the bottom of your fliers that parents can easy tear off and take with them. On each strip write your name, telephone number, and that youre a babysitter. Get the managers approval before hanging up any fliers in a business. 5 Use the Internet. Advertise your babysitting services on your blogs and community pages to tell your friends and their friends you are looking for a job.

Investment Patterns in India

Changing Trend of Investment Pattern in India and Emergence of Mutual Fund Industry ABSTRACT: This project is about how the Investor's Behavior is changing and they are now leaving behind the sacred investment options like the fixed deposits, company deposits, gold etc. Investors are now looking towards equity linked investment options. Like most developed and developing countries the mutual fund cult has been catching on in India. There are various reasons for this. Mutual Fund makes it easy and less costly for investors to satisfy their need for capital growth, income preservation. And in addition to this a mutual fund brings the benefit of diversification and money management to the individual investor, providing an opportunity for financial success that was once available only to a select few. In this project I have given a brief about economy, inflation, and equity and debt market. Then it is explained how to cope with the inflation and how mutual fund is one of the best investment options today. A brief about mutual fund industry and the some information about HDFC Mutual Fund and its various products are given INTRODUCTION: Many individuals find investments to be fascinating because they can participate in the decision making process and see the results of their choices. Not all investments will be profitable, as investor wills not always make the correct investment decisions over the period of years; however, you should earn a positive return on a diversified portfolio. In addition, there is a thrill from the major success, along with the agony associated with the stock that dramatically rose after you sold or did not buy. Both the big fish you catch and the fish that get away can make wonderful stories. Investing is not a game but a serious subject that can have a major impact on investor's future well being. Virtually everyone makes investments. Even if the individual does not select specific assets such as stock, investments are still made through participation in pension plan, and employee saving programme or through purchase of life insurance or a home. Each of this investment has common characteristics such as potential return and the risk you must bear. The future is uncertain, and you must determine how much risk you are willing to bear since higher return is associated with accepting more risk. In 1986, Microsoft Corporation first offered its stock to the public. Nine years later, the stock's value had increased over 5,000 percent- a $ 10,000 investment was worth over $ 5,00,000 in the same year, worlds of wonder also offered its stocks to the public. Nine years later the company was defunct- a $ 10,000 was worth nothing. These are two examples of emerging firms that could do exceedingly well or fail. Would investing in large, well establish firms generate more consistent returns? The answer depends, of course, on which firms were invested in. Over the years some investments have generated extraordinary gains, while others have produced only mediocre returns, and still others have resulted in substantial losses. The individual should start by specifying investment goals. Once these goals are established, the individual should be aware of the mechanics of investing and the environment in which investment decisions are made. These include the process by which securities are issued and subsequently bought and sold, the regulations and tax laws that have been enacted by various levels of government, and the sources of information concerning investment that are available to the individual. An understanding if this financial background leads to three important general financial concepts that apply to investing. Toady the field of investment is even more dynamic than it was only a decade ago. World event rapidly-events that alter the values of specific assets the individual has so many assets to choose from, and the amount of information available to the investors is staggering and continually growing. Furthermore, inflation has served to increased awareness of the importance of financial planning and wise investing. In this project I will first talk about economy, inflation, equity markets and debt markets to understand investments behavior. INFLATION: Inflation is a situation where there is ‘ too much money chasing too few goods'. In such times buyers bid up prices of scarce products/services The scarcity could be caused by supply issues or a faster than expected rise in demand. Irrespective of what causes inflation, the impact is the same. The value of the currency you are holding declines. Let's explain this with the help of an example. Suppose the Indian Rupee was freely exchangeable with only one commodity- crude oil. Let's assume the conversion rate is Re 1= 1 barrel of crude (wish it were true! ). Now there is tension in the Gulf region resulting in reduced supply. Due to the subsequent rise in price of crude oil in international markets, we would now have to pay more Rupees for every barrel of oil. Suppose crude prices rise by 10%. The new exchange rate will be Rs. 1. 1 = 1 barrel of declined from 1 barrel of crude per Rupee to only 0. 91 barrel of crude per Rupee this is the erosion in the value of the currency that we are talking about. Also note that while the Indian Rupee may be appreciating vis-a-vis other currencies, in the ‘ real sense' there is erosion in value. Another important fallout one can expect due to rising inflation is higher interest rates. The central banks aim to reduce demand in the economy by rising the cost of money. When making fresh investments or evaluating your existing holdings in potentially inflationary times you need to keep two things in mind: The possibility of higher interest rates The erosion in the value of the currency CONCEPT OF MUTUAL FUND: A mutual fund is a pool of money, collected from investors, and is invested according to certain investment objectives. A mutual fund is created when investors put their money tighter. It is therefore a pool of the investor's funds The most important characteristic of a mutual fund is that the contributors and the beneficiaries of the fund are the same class of people, namely the investors. The term mutual means that investors contribute to the pool, and also benefit from the pool. There are no other claimants to the funds. The pool of fund mutually by investors is the mutual fund. A mutual fund's business is to invest the funds thus collected, according to the wishes of the investors who created the pool. In many markets these wishes are articulated as  Ã‚   â€Å"investment mandates†. Usually, the investors appoint professional investment managers, to manage their â€Å"product†, and offer it for investment to the investor. This product represents a share in the pool, and pre-states investment objectives. For example, a mutual fund, which sells a † money market mutual fund â€Å", is actually seeking investors willing to invest in a pool that would invest predominantly in money market instruments. IMPORTANT CHARACTERSTICS: A Mutual fund belongs to the investors who have pooled their funds. The ownership of the mutual fund in the hands of the investors Investment professional and other service providers, who earn a fee for their services, from the fund, manage the mutual fund. The pool of funds is invested in a portfolio of marketable investments. The value of the portfolio is updated every day. The investor's share in the fund is denominated by â€Å"units†. The value of the units changes with change in the portfolio's value, every day. The value of one unit of investors is called as the Net Asset Value or NAV. The investment portfolio of the mutual fund is created according to the stated investment objectives of the fund. PHASES IN THE HISTORY OF MUTUAL FUND: The history of mutual fund in India can be divided into 5 important phases: A 1963-1987: The Unit Trust of India was the sole player in the industry. Created by an Act of Parliament in 1963, UTI launched its first product, the unit scheme 1964, which is even today the single largest mutual fund scheme. UTI created a number products such as monthly income plans, children's plans, equity-Oriented schemes and offshore funds during this period. UTI managed assets of Rs 6700 crore at the end of this phase. B 1987-1993: In 1987 public sector banks and financial institutions entered the mutual fund industry. SBI mutual fund was the first non-UTI fund to be set up in 1987. Significant shift of investors from deposits to mutual fund industry happened during this period. Most funds were growth oriented closed ended funds. By the end of this period, assets under UTI's management grew to Rs 38247 crore and public sector funds managed Rs 8750 crore. C 1993-1996: In 1993, the mutual fund industry was open to private sector players, both Indian and foreign. SEBI's first set of regulations for the industry was formulated in 1993 and, substantially revised in 1996. Significant innovations in servicing, product design and information disclosure happened in the phase, mostly initiated by private sector players. D 1996-1999: The implementation of the new SEBI regulation and the restructuring of the mutual fund industry led to rapid asset growth. Bank mutual fund was re-cast according to the SEBI recommended structure, and UTI came under voluntary SEBI supervision. E 1999-2003: very rapid growth in the industry and significant increase in market shares of private sector player marked this phase. Assets crossed Rs. 100,0000 crore. The tax break offered to mutual funds in 1999 created arbitrage opportunities for a number of institutional players. Bond funds and liquid funds registered the highest growth in this period, accounting for nearly 60% of the assets. UTI's share of the industry dropped below 50%. 2. 3 ADVANTAGES OF MUTUAL FUND: The following are the important advantages of mutual funds to investors: Portfolio diversification Professional management Reduction in risk Reduction of transaction costs Liquidity Convenience and flexibility DISADVANTAGES OF MUTUAL FUND, The following are important disadvantages of investing through mutual fund: No control over costs: Since investors do not directly monitor the fund's operations they cannot control the costs effectively. Regulators therefore usually limit the expenses of mutual funds. No tailor- made portfolio: Mutual fund portfolio is created and marketed by AMCs, into which investors invest. They cannot create tailor made portfolios. Managing a portfolio of funds: As the number of mutual funds increase, in order to tailor a portfolio for himself, an investors may be holding a portfolio of funds, with the costs Of monitoring them and using them, being incurred by him. NEED FOR INVESTMENT: Increasing household expense. Creation of wealth Increasing cost of living. Financial needs according to life stages. Regular income Combination of all above INVESTMENT OPTION AVAILABLE: Physical and Financial assets. Equity and Debt Govt. securities and non-govt. securities Other option Public provident fund RBI Relief Fund. Mutual Fund Others like Indira Vikas Patra, Kisan Vikas Patra CP FD, and Debenture.    |FDs |FI BONDS |Mutual Fund | |Accessibility |Low |Low |Low | |Tenor |Fixed (medium) |Fixed (Long) |No lock in period | |Tax Benefit |None  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   |Under section 80C |None | |Liquidity |Low |Very Low |none | |Convince |Medium |Tedious |Very high | |Transparency |None |None |Very high | CONCLUSION: The unique investment strategy of letting the maturity of the debt investment run down with time and targeting equity investments to capture dividends is targeted to deliver positive returns over medium time frame. The investment strategy of the fixed income portfolio is designed to remove the impact of interest rate movements over the medium term. The strategy of targeting dividends in equities over a period is expected to improve the yield of the fund. The above investment strategy expects to minimize capital loss in adverse market condition and deliver moderate returns in stable/positive market conditions. So, if you are looking for an investment product that offers you low risk of capital loss and the potential to earn reasonable returns in the uncertain environment of today, HDFC Multiple Yield Fund might be the right fund for you.

How Does An Ems Work Environmental Sciences Essay

An tremendous sum of development in industrial sectors all over universe typically consequences in a turning figure of environmental jobs in proportion with the development. An Environmental Management System ( EMS ) is a model, which is designed to assist organisations in the direction, betterment and control of environmental public presentation. EMS is portion of direction system of an administration, where a clearly set out construction of an administration, duties of staff, processs, be aftering activities, resource allotment for execution, development and accomplishment of marks of environmental policy committednesss needs specifying. EMS is designed to understate environmental impact, to utilize resources more efficaciously, to do concern productiveness long-run, to better repute of an administration, to follow with environmental ordinances and statute laws, to better its fiscal place by cut downing fees for insurance, regulative license fees, to better staff morale, stakeholde rs ‘ relationships etc. The environmental impact varies between administrations, but by and large it is emanations, waste, energy use, ingestion and conveyance of stuffs. Impacts on wildlife and nature is a consequence of increasing clime alteration factors all over the universe, which is lead by contaminated land, air and H2O. In the 1970s and 1980s many administrations established their ain set of ordinances as a response of questions in environmental statute law. In the 1990s the International Organisation for Standardisation ( ISO ) introduced international criterions ISO14000 as portion of organisations ‘ direction systems. In 1992 the British Standard Institute published BS7750, which was the first national criterion for an environmental direction system. The intentional criterions help an administration or industry of any size to accomplish betterment of environmental public presentation by puting a specific environmental direction system. The work of an administration harmonizing to the criterions makes clear marks and aims of environmental policy, and identifies activities that significantly impact the environment. Cardinal elements of an EMS The Model of an EMS consists of four phases: Planning, Doing, Checking and Acting. Planning is the procedure of environmental injury designation by an administration, rating of environmental impact and the constitution of appropriate aims. It is necessary for an administration to reexamine its present stock list of environmental activities and place environmental facets, applicable environmental ordinances and instructions. Harmonizing to ISO14001, the environmental facet is an â€Å" component of an administration ‘s activities, merchandises or services, which can interact with the environment † ( ISO 2004 ) . Designation of environmental facets starts with the survey of activities, merchandises and services of an administration, which affects environment or which leads to environmental impact. All important facets should be considered to set up environmental aims for environmental policy and determine operational control and action in the manner to better environmental public presentation. Significant environmental facets should be stated in policy t o set up environmental aims and marks. Identification and direction of environmental facets leads to important environmental betterment. Environmental Policy is a statement, which is to declare liability to the execution and direction of EMS. Identified and assessed important impacts of an administration are the chief elements of an environmental policy, which is of import for set uping environmental marks and aims. It can be really utile to affect employees in this procedure, for illustration: to carry on brainstorming Sessionss, because there can be chances that can easy cut down the environmental impact. Aims and marks should be specific, accomplishable and mensurable. During and after execution of an EMS, alteration and rectification of the marks and aims should be portion of the monitoring and supervising procedure. Environmental policies should be apprehensible by every employee and employer of an administration to accomplish the marks and aims of the administration. Doing is the execution procedure of the plan to understate environmental impact and hazard of an administration. Harmonizing to ISO14001, the disposal of an administration should name a particular, trained direction representative to guarantee execution of the EMS. The EMS representative is responsible for monitoring, measuring, coverage of EMS public presentation to head direction and control activities that have important environmental impact. The EMS representative should besides collaborate with others to modify EMS as needed. All staff, whose activities can do important environmental impact should be trained on important environmental issues. Relevant staff should be trained on environmental policy, exigency, accomplishment of environmental marks, specific EMS functions and duties, the environmental impact of their occupation activities and effects in instance of relevant staff non following their relevant EMS duties. All processs and instructions to command important environmen tal impact and to place possible accidents, which could hold an impact on the environment must be clarified and documented. Activities of every employee have an impact on the environment and every employee should hold good thoughts associating to their experience about the betterment of environmental public presentation. That ‘s why it ‘s really of import to develop communicating in an administration by regular staff and safety meetings, suggestion boxes, newssheets etc. Effective communicating may assist an administration ‘s EMS execution to actuate people, better apprehension of environmental policies, functions and duties, importance of environmental public presentation betterment and placing possible for betterment. The cardinal function of disposal is to supply resources to employees, which are necessary for an EMS plan execution. Some people, such as clients, registrars, and authorities administrations can be interested to cognize the EMS design and execution of the administration. For these grounds, every administration should hold an EMS manual or EMS description papers. Documentation is one of the of import factors of effectual EMS direction. EMS paperss should be revised on a regular basis by responsible forces, who will do alterations as and when required. Certain operations and activities should be monitored and controlled to pull off important environmental impact and to guarantee that the processs implements to accomplish marks and aims. Operational control processs should be documented, particularly those where breach could take to important environmental impact. The possibility of accidents and incidents ever exist, even in malice of the best execution of an EMS theoretical account. Decrease of hurts, bar of environmental impact, protection of employees and understating losingss can be done by effectual preparation and readying to exigency state of affairss. The readying for exigency state of affairss can be provided by: capacity appraisal for incidents and accidents ; preventive steps on these accidents and incidents, related to environmental impact ; doing programs and processs to react to exigency state of affairss ; regular control and monitoring of the programs and processs and understating environmental impact related to these accidents and incidents. All EMS executions, processs and instructions should be continuously revised and updated. Checking is the assessment procedure, which assesses the effectivity of the plan and evaluates how execution of the plan meets plan aims. The assessment procedure is based on monitoring and measuring of environmental public presentation betterment of an administration. Internal audits are measuring whether the EMS of an administration meets the demands of ISO14001. Internal environmental hearers should be trained on appropriate issues. The effectivity of an EMS mostly depends on monitoring facets, which deals with disagreements of criterions. Monitoring and measurings helps an administration to measure environmental public presentation, conformity by the legal demands, place jobs, analyze root causes of jobs, happening ways to rectify jobs and bettering public presentation and effectivity. Identification and probe of jobs and their causes allows an administration to do disciplinary and preventive steps for the hereafter. Prevention of jobs is by and large far more cost-efficient than repairing them after the fact. Evidence of a on the job EMS is records. Record direction seems a bureaucratic procedure, but on occasion administrations need to supply EMS execution grounds to the 3rd parties ( e.g. clients, some authorities administrations and the populace ) . Administration of an administration decides what records should be kept, how and how long to maintain them. It ‘s really of import to stress needed EMS records to show execution of environmental public presentation betterment. Regular audits can be peculiarly valuable by supplying nonsubjective grounds that an EMS is implemented harmonizing to the demands. Regular audits critically evaluate the effectivity of EMS execution, consistently place and describe to disposal of administration on a deficiency of EMS execution. It provides a great chance to better activities on EMS execution, better environmental public presentation and do the system more cost-efficient. Acting is based on the appraisal procedure to take action for continual betterment of an EMS, which is performed by caput direction. The policy of EMS, objectives, marks and action programs must be reviewed annually by members of the Environmental Management Committee. Results of the EMS execution reappraisal should be reported to head direction, demonstrate to staff and happen out marks, aims, related actions and other elements of EMS that need to be changed. Management reappraisal is an of import cardinal component of an EMS for continual betterment, which besides provides a great chance for EMS execution to be effectual and low-cost. The procedure of a direction reappraisal should affect competent people, who have appropriate cognition and experience and who are decision-makers of the administration. All direction reappraisal meetings should be recorded and supply inside informations on what issues were discussed and what determinations and actions are selected for implementing.

Ceo Pay At John Deere And Caterpillar - 1369 Words

CEO Pay At John Deere And Caterpillar I. Topic: CEO pay at John Deere and Caterpillar a. Introduction A CEO (Chief Executive Officer) signifies the superior ranking individual into any organization or further institutions, eventually accountable for making the administrative decisions. (Rouse) Stakeholder signifies an autonomous person with whom everyone who put together a gamble deposits the counters or money wagered. Stakeholder signifies an individual or individuals who take concern or interest in anything, majorly commerce. (Grimsley) CEO is accountable for the failure or the success of the organization. Both the organizations John Deere and the Caterpillar requires the tasks to be carried out efficiently such as marketing†¦show more content†¦For the victorious execution of the commerce and for the correct or utilized use of invested money, stakeholders rely on the CEO. Therefore, pay of the CEOs is vital for the stakeholders of the John Deere and Caterpillar. b. Literature Review This document concentrates on the significance of the pay of the CEO for the stakeholders for the Caterpillar and the John Deer. Caterpillar and John Deere are the organizations that operate at the worldwide scale. Together organizations are affected from the rules of the government. This thing is familiar to the entire trades that when operating a commerce in any nation or nations then the organization has to take the authority for the trade from that government of that nation. Government of every nation holds dissimilar rules for the commerce as per the law of the nations. Therefore, both John Deere and Caterpillar recognize it difficult to expand their scales or the scale of the commerce or progression for the reason of the imposed restrains or the rules from the governments of the nations. Together the John Deere and the Caterpillar has the idea or thought for the ownership, which is not straightforward to attain for the reason of the government rules. (Caterpillar - GLOBAL ISSUES) (WIENS, 2015) The further thing is that John Deere is suffering from the complaints as regards to the quality of its products such as leak into the gas tank matters,