Lean Six Sigma in Nonequity Investment Instruments
As per the industry classification benchmark, this industry sector includes the following subsectors –
Non equity Investment Instruments – Noncorporate, open-ended investment instruments such as open-ended investment companies and funds, unit trusts, ETFs, currency funds and split capital trusts.
Kotak Securities Deputy Vice President explains how she is progressing with Six Sigma at her company.
- Case Study DescriptionSlippage is a loss or gain that is incurred when a financial transaction is backdated due to fluctuation in market price of investment units. The service provider is contractually bound to bear and reimburse the client for all amounts of loss incurred due to slippage, which occurs as a result of controllable processor errors. A Six Sigma project on slippage reduction resulted in 82% reduction in error rate. This resulted in a significance cost avoidance and additional revenue to the fund management company.
Feedback from participants
I liked everything! The calculations based softwares were the best.
-Shazia Shaikh, Service Quality, Kotak Securities
Benchmark has set a benchmark in Six Sigma by not only training aspirants but also by ensuring that each trained participant is connected and shares the best practices implemented by him/her.
-Haresh Hiranandani, Associate Vice President- Service Quality, Kotak Securities.