Asset Management have two meaning of its own:-
1. Asset Management of a Company.
2. Asset Management of a Fund.
First asset management has its meaning in old times this is a very important point in corporate governance. This means that management of assets (fixed and liquid asset) of a company. Fixed assets defined as the assets which are immovable, immortal and can only be sold to convert it into cash. Examples are:- land, building, machinery, furniture.
Liquid asset means the assets which could be easily converted into cash and are movable and mortal. Examples:- Cash, debtors, bills receivable, short term loans, Inventory.
Second type is Asset management of a person means if an individual wish to invest in mutual funds, shares and debentures, commodity, life insurances, SIP. The individual wants some one else to manage its investments and give profit to him charging some fees in behalf of it. This type of management is called asset management of an individual.
Many Asset Management companies are present in the market as of now for eg. ICICI Lombard, Bharti AXA, Future Generali. They take investment decisions of there on behalf of an individual, organisation or institution and ensure the investment give profit and they charge fees against the same.Asset Management have two meaning of its own:-
1. Asset Management of a Company.
2. Asset Management of a Fund.
First asset management has its meaning in old times this is a very important point in corporate governance. This means that management of assets (fixed and liquid asset) of a company. Fixed assets defined as the assets which are immovable, immortal and can only be sold to convert it into cash. Examples are:- land, building, machinery, furniture.
Liquid asset means the assets which could be easily converted into cash and are movable and mortal. Examples:- Cash, debtors, bills receivable, short term loans, Inventory.
Second type is Asset management of a person means if an individual wish to invest in mutual funds, shares and debentures, commodity, life insurances, SIP. The individual wants some one else to manage its investments and give profit to him charging some fees in behalf of it. This type of management is called asset management of an individual.
Many Asset Management companies are present in the market as of now for eg. ICICI Lombard, Bharti AXA, Future Generali. They take investment decisions of there on behalf of an individual, organisation or institution and ensure the investment give profit and they charge fees against the same.