Prospect of Financial Service in India: NJ Group

Abstract

The main purpose of selecting N.J groups For my summer internship training comes from being finance field. Being from the field of finance the main task was to gain experience of the process of the field of the sales physical product and the challenges faced by the marketing and the sales department. the N.J group is one of the leading financial services product providers in India. which deals mainly in mutual funds and other financial products such as bonds and insurance. does becoming the perfect platform to gain experience in both the finance and marketing field. the main task allotted to me at N.J group was To convince a potential advisory agent to hold a one on one online meet what's my unit manager, Mr. Abhishek Rathore, for the recruitment and development of advisory agents for catering clients. our target for the advisory agents was insurance agents, C A, private financial advisors, stockbrokers, etc. From my tasks I learned In India and especially in Ratnam and the region around it people are less aware of the advantages and benefits of financial instruments like Mutual Fund and their different schemes so it is difficult to start a Mutual Fund advisory business in Ratnam my study are related to the benefits of mutual fund and fund advisory business but there is one benefit to start mutual fund advisory business because there are only few wealth advisors in compare to 40 insurance advisor so there is less competition in the market. Also over the duration of my task I learned much of the Indian market consist of conservative thinking and do not like to take a risk over the communication I did with the insurance advisors and financial advisors I found but investors do not like to invest their funds in any kind of scheme that either has risked or do not cover some of their risks and in the current market a huge of potential that can be obtained by investing in this market it's just becoming a sinking fund for the economy as the consumer is either saving the money in a liquid form or investing them in low liquid assets such as gold and bonds.