Report of internship in Zenith Investments Limited

Abstract

Asset Management Company has been running its operations in Bangladesh for several years. With mote acceptance of mutual funds, the number of AMCs are growing every year. It was first launched under ICB in 1980 with the introduction of Mutual Fund. Currently there are 25 AMCs in the country and this number is expected to rise in the coming years since AMCs are considered a better option than going to brokers or interest bearing securities. Some investors buy stocks at specific times of the year that affects the capital market as well as the AMCs. There are various factors like political, technological, economic etc. that affects the performance of the AMCs. Although it as huge growth potential, AMCs has to go through various obstacles and competitors like the securities or brokerage firms as well as other financial institutions. With the estimation of more than 70% companies not listed in stock exchange, AMCs can grab good opportunities in the future by bringing more buying options to the investors. Zenith Investments Limited is a Licensed Asset Management Company (AMC) residing in Tejgaon, Dhaka. It mostly deals in managing portfolios for clients as well as provide advisory services. Its clients can be both individual and institutions. It inaugurated in February, 2011. It was doing quite well after starting its journey. It provides portfolio management services as well as corporate advisory services. Conducting a SWOT analysis we can see that Zenith has many chances to do well in the future due to market volatility although there will be severe competitions. As an intern in Zenith I was required to keep the updates of stock market news as well as presenting them in a specific format. I also helped preparing the prospectus as well as accumulating the portfolio sheet of investors. The employees we very co-operative and learned a great deal. I was able to improve my communication skills. Zenith should focus more on expanding its team. It should also appoint employees with good MS Office skills. Communication skill is important and effective in any organization. I need to develop my communication & listening skills more. I think there is more I can learn through handling pressures and grow my patience. Overall, it was a great experience for me doing internship at Zenith. AMCs has a great future in Bangladesh and we can expect more and more organizations to enter into the industry.