A+Finance+Project +Reliance+Money

8/6/2019 A+Finance+Project +Reliance+Money

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ACKNOWLEDGEMENT

In completing my project, I am very fortunate to have the Result of an extensive surveywhose participants offered suggestions based on their actual use of product. My firstappreciation and thanks goes to

People surveyedCentre ManagersEmployees of reliance money

They have given their precious time in a very polite and co operative manner for mysurvey and the project.

In the chain I am also immensely thankful to my summer internship guide Mr.ShatkiSinha, centre manager Reliance Money, Kanpur, for his enlightening guidanceand constant inspiration and keen interests shown during my summer internship and inpreparing of my project. I deliberately profound my gratitude to him.

GAGNEET KAUR BHATIA


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Executive summary

With gratitude to almighty I thank this oppurtunty to pen down my experience

during the execution of summer training and presenting the project report. Theproject is the part of my partial fulfillment of my PGDBM curriculum.

As RELIANCE is doing splendidly well in the sector of SHARE TRADING butstaying competitive in todays dynamic business environment means findingnew ways to reduce cost while maximizing the value of your resources.

I took the responsibility to find out what perception does RELIANCE holds in

the minds of the consumers by comparing the online trading with offline tradingin reliance money.

After undergoing the training about the product and operational features Istarted exploring the product and contacted the prospective customer by way oftelecalling, e-mails, corporate presentation, my primary aim was to give betteroptions to the prospective customers by offering them products specializedfeatures &its unique incomparable qualities in the services provided by RelianceMoney in share trading.i also got the knowledge about the form which is to befilled by the consumer while opening a trading a/c with reliance.IAlso got to know about the ECRM software of Reliance.

OBJECTIVES


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1.To understand the On-line Trading .

2.To understand the Offline Trading.

3.To do a comparative study of On-line with Offline Trading in relianceMoney.

4. To create awareness about the products offered by Reliance Moneyin the Market.

5.SWOT Analysis of Reliance Money.

6.Analyze the result of Survey conducted.

INDUSTRY PROFILE

RELIANCE-ANIL DHIRUBHAI AMBANI GROUP


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Growth through Vision"Growth has no limit at Reliance. Ikeep revising my vision.

Only when you can dream it, youcan do it."

FounderDhirubhai H. AmbaniRELIANCE GROUP OF COMPANIES

The Reliance Anil Dhirubhai Ambani Group is among Indias top three private sector

business houses on all major financial parameters, with a market capitalisation of Rs

100,000 crore (US$ 22 billion), net assets in excess of Rs 31,500 crore (US$ 7 billion),

and net worth to the tune of Rs 27,500 crore (US$ 6 billion)


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Across different companies, the group has a customer base of over 50 million, the

largest in India, and a shareholder base of over 8 million, among the largest in the world.

Through its products and services, the Reliance - ADA Group touches the life of 1 in 10

Indians every single day. It has a business presence that extends to over 4,500 towns and

300,000 villages in India, and 5 continents across the world. The interests of the Group

range from communications (Reliance Communications) and financial services (Reliance

Capital Ltd), to generation, transmission and distribution of power (Reliance Energy),

infrastructure and entertainment.

Structure


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COMPANY PROFILE

Reliance Capital Ltd

Part of Reliance - Anil Dhirubhai Ambani Group.


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Amitabh Jhunjhunwala, an FCA, has over 23 years of experience in finance and the

capital markets. Amitabh is also the Director of Reliance Capital Asset Management

Limited.

Shri C. P. Jain

Shri C.P. Jain, aged 60 years, is the former Chairman and

Managing Director of National Thermal Power Corporation (NTPC).

Rajendra Chitale, Independent Director

Rajendra P. Chitale, an eminent Chartered Accountant, is the Managing Partner of M/s M. P.

Chitale & Co. He is a Director on Boards of the National Stock Exchange of India (NSE),

Asset Reconstruction Company (India) Ltd, Hinduja TMT Ltd and Gujarat Ambuja Cements

Ltd. He is also a member of the Advisory Group on Derivatives and the Takeover Panel, Securities and Exchange Board

of India, as well as the Company Law Advisory Committee of the Government of India.He has also served on the boards

of Life Insurance Corporation of India, Unit Trust of India, SBI Capital Markets Ltd and Small Industries Development Bank

of India..

Reliance Money


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Reliance Money (Distribution House)

The official launch of Reliance Money was announced on 3rd May 2007.Reliance Money

is a group company of Reliance Capital;

One of India's leading and fastest growing private sector financial services companies,

ranking among the top 3 private sector financial services and banking companies, in

terms of net worth.

Reliance Capital is a part of the Reliance Anil Dhirubhai Ambani Group.

Reliance Money is a comprehensive electronic transaction platform offering a wide range

of asset classes. Its endeavor is to change the way India transacts in financial markets and

avails financial services.

Reliance Money currently deals in the following financial products:

1. Equities /IPOs / Forex / Commodities.


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2. Mutual funds (every Asset Management company in market).

3. Life Insurance (RELIANCE, HDFC, TATA, SBI & LIC).

4. General Insurance (RELIANCE, NEW INDIA, IFFCO TOKYO ROYALE

SUNDARAM).

5. Credit Cards.

6. Loans.

7. Portfolio Investments.

8. Money Transfer

9. Offshore investments


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RELIANCE MONEY SHARE TRADING ACCOUNT

Reliance Money unlike other brokering houses has introduced a new prepaidsystem of brokerage for the share trading in which it provides the lowest form ofbrokerage charged from an investor.

Reliance money has introduced three prepaid schemes for the stock marketinvestors which work in the following way:

FOR LARGE INVESTORS:

Access Fee Validity

Whichever is Earlier

Validity

Whichever is Earlier

TurnoverLimit

TurnoverLimit

Time Validity Turnover Validity Non-DeliveryTurnover

DeliveryTurnover

500 2 months Rs. 1 Cr. Rs. 90 Lac Rs. 10 Lac

1350 6 months Rs. 3 Cr. Rs. 2.7 Cr. Rs. 30 Lac

2500 12 months Rs. 6 Cr. Rs. 5.4 Cr. Rs. 60 Lac
https://easytrade.reliancemoney.com/stsb/smartstart/OrderFormrtrade.asp?PRO=DELIVERY,DEL


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FOR SMALL INVESTORS

For small investors Reliance had an under scheme of Rs.500 in which

Time validity is of one year Turnover limit is Rs. 5 Lacs (Eitheryou can do Intraday or Delivery, no

fix ratio). Margin of5 times on Intraday and no Margin on Delivery( Valid for all

the four schemes)

Apart from this the A/c opening charges are Rs. 750 one time and four A/csnamely Trading, Demat, Forex and Commodity are provided to the investor.

Reliance Money is offering a brokerage charge of 7.4 paisa on every Rs 100worth of delivery-based trades, and 1 paisa on non-delivery trades, which is thelowest in the industry so far.

Currently, the average brokerage charge for delivery-based trades is anywherebetween 15 paisa and 25 paisa for every trade worth Rs 100, while for non-delivery trades it is around 3-5 paisa.

Following are also the main features of this share trading account provided byReliance money:-

1. Flexibility to access reliance money services in multiple ways through Internet,Transaction kiosks, Call and transact or seek assistance through Businesspartners.

2. This is a safeguarded account as reliance money provides an electronic tokenthat flashes a unique security number in every thirty two seconds

This number works as a third level password (including the login ID andPassword) keeping the account sage from any unauthorized access.


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3. Flexibility to transact in Equity, Equity and commodity Derivatives, Offshoreinvestments, mutual funds, IPOs, Life insurance and General Insurance either

through online or through channel partners.4. With the help of this A/c investors can access to their banking, trading andDemat accounts without the hassle of writing cheques.Reliance money had tiedup with UTI, HDFC and IDBI bank to link this share trading account for theinvestors.

5. Annual maintenance charge of just 50 /- per annum and free on mobile Tips.

These were some of the features of Reliance money share trading account.

A customer can do the share trading through trading kiosks installed by RelianceMoney, through net, through business associates of R-Money.


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Document Photocopies Required:-(A) Three passport size photographs for first holder (self

attested).

(B) One passport size photograph if second holder(C) One passport size photograph if third holder(D) For identification Proof- Voter ID Card/ Driving

License/ Passport/ PAN Card (Compulsory) any one.(E) For residential proof:- Bank statement/ Voter ID Card/

Ration Card/ Driving License/ Passport/ Telephone orElectricity Bill statement (any one)


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(F) One cancelled cheque leaf (For MICR No. record) if hehad account in any of three banks.

(G) Later Bank Statement/ Front page of passbook(Showing Name, Address, A/c No.)

(H) Cheque in favour of Reliance Money Limited;

(Rs.750+ prepaid card of customer choice).

Reliance Money is allowing trading in four ways:

1) Online2) Offline( Through Franchise, they take Rs.12 per script)3) Call center4) Trading Kiosk( Charging .50 paisa per minut.

Working of Reliance money

At the Macro Level


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Working at Micro Level

Reliance Money Kanpur (Branch office):

Reliance Money Kanpur was established a year ago at Kan Chambers CivilLines. However the official launch of Reliance money was announced on 3rd ofMay 2007 at national level in Jaipur. The functions of the organizations werebeing carried out from the date of establishment itself.

At Reliance money Kanpur the following hierarchy exists:-

Three Centre managers.

Eight to ten Business Development Executives under each Centremanager. Business associates under each Centre Manager their number depending

upon the area allotted to each CM. Remisars under each centre manager. Team leader and PFCs under him for life insurance. One Customer Support Executive and One Senior Finance executive.

Centre Manager:

The Centre manager is the Heart of the office who acts as a connection between

Head office (Mumbai), National head, Regional head, The Clients, Remisars,Business associates and the Business development executives.

The Centre manager is responsible for the following functions;

1. Organizing all the BDEs, Business Associates and Remisars under onebanner.


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2. Making sure that the BDEs, Business Associates and Remisars arecarrying out their functions well i.e. expanding the business in form ofselling the Share trading A/cs , mutual funds, selling general along withlife insurance policies .

3. Planning strategies for increasing the business (i.e. installation of

canopies at the right place, appropriate advertising in different businessExpos or corporate meets. Etc.)

4. Interviewing and Selecting Business development executive for theorganization.

5. Identifying the potential agents in the market and making them thebusiness associate or remisar of Reliance Money for good businessprospects.

6. Assisting the new BDEs or remisars in handling the clients.7. Training the new BDEs and the remisars about the product and how to

approach the clients.8. Reporting the regional head on the daily basis about the daily business

performed.


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The following diagram gives a brief idea about the working at R-MoneyKanpur


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Reliance Capital is a Depository participant ofCDSL

COMPETITORS


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Sharekhan Services-: Sharekhan, one of India's leading brokerage houses, is the retailarm ofSSKI. With over 240 share shops in 110 cities, and India's premier online tradingportal www.sharekhan.com, our customers enjoy multi-channel access to the stockmarkets.

SHARE KHAN

Sharekhan is the retail broking arm of SSKI Securities Pvt Ltd. SSKI owns56% in sharekhan, balance ownership is HSBC, First Caryle, and IntelPacific

Into broking since 80 years

Focused on providing equity solutions to every segment

Largest ground network of 210 Branded Share shops in 90 Cities

Freedom from paperwork

1. Instant credit and money transfer2. Trade from any net enabled PC3. After hour orders4. Online orders on the phone5. Timely advice and research reports6. Real-time Portfolio tracking7. Information and Price aler
http://www.sski.co.in/http://www.sski.co.in/


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Share khan online Trading Interfaces

The customer can choose the online trading interface that meetshis requirement based on his trading habits and preferences.

CLASSIC / APPLET

The website is meant for customers who Invests in Equities

SPEEDTRADE EXE Based

The speed trade is meant for customers who trade in Equities

DIAL-N-TRADE Toll Free

The DNT is a value added services meant for all customers whowant to transact but are not online

Online Account Types

Classic Account / Applet : Investor in equities SpeedTrade: Trader in equities & deriva


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Individual Client:Demat A/c + Trading A/c opening charges:-

There is two type of account-(a) Classic A/c opening charges- Rs 750/-(b) Speed trade A/c opening charges- Rs 1000/-


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(Rs 500/- per month of speed trade A/c. If Brokerage is Rs 1500/- of 3 monththen RS 500/- will be off and if not then Rs1500/- and brokerage will charged.)

AMC Charges- Rs 300/- per annum.

Brokerage:-Cash brokerage: - Delivery: 0.50%, Intraday: 0.10% (Negotiable)(Min. 0.05% on intraday & 0.50% on delivery)

Exposure: -4 to10 times (For Intraday)2 times (For Delivery)

F&O Brokerage: - Buy & Sell 0.05% (Negotiable)

Odin Terminal:-

In Classic A/c Terminal is waive based and it shows 5 portfolio. You can see only26 script (shares) at a time. There is also no any graph is displays and customer

have to login in every 10 minute.In Speed Trade A/c Terminal is internet based/ Software based and customer cansee 500 script (shares) at a time.Trading through offline or website. (www.sharekhan.com)NSE & BSE both are online.Live applet for watching prices & trading purposes.

Share Transfer:

From Sharekhan Demat account to some other company Demat account thecharge per script is Rs. 22

India Info line (5 Paisa.com)

India info line was founded in 1995 and was positioned as a research firmIn 2000 e-broking was started under the brand name of 5 paisa.com.Apart from offering online trading in stock market the company offersmutual funds online.
http://www.sharekhan.com/http://www.sharekhan.com/


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It also acts as a distributor of various financial services i.e. GOI securities,Company Fixed Deposits, Insurance.Limited ground network, present in 20 Cities.


Investor Terminal : Investors / Students Trader Terminal : Day Traders / HNIs

PRICING FOR RETAIL CLIENTS

Investor Terminal

Account Opening : Rs 500

Demat 1st Yr : Rs 250

Initial Margin : Rs 2500(Compulsory)

Min Margin Retainable : Rs 1000

Brokerage :

Trading 0.10% each side + STDelivery 0.50% each side + ST

PRICING FOR HNI CLIENTS

Trader Terminal

Account Opening : Rs 500

Demat 1st Yr : Rs 250

Initial Margin : Rs 5000(Compulsory)

Min Margin Retainable : Rs 1000

Brokerage :Trading 0.10% each side + ST


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Delivery 0.50% each side + ST( Negotiable to 0.05% each side & 0.25%)

Account Access ChargesMonthly Rs 800, adjustable against Brokerage

Yearly Rs 8000, adjustable against brokerage

2. Indiabulls:-


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Equity and Derivatives- Ease, Convenience

Reliability- It all starts here.

Investment services as individual as you are.

Indiabulls Financial Services Ltd. is a public company and listed on theNational Stock Exchange, Bombay Stock Exchange, Luxembourg StockExchange and London Stock Exchange. The company ranks at 82nd position inthe list of most valuable companies in India has a market capitalization of approxUS $ 800 million. The consolidated net worth of the company is approx US $400 million.

Through various types of brokerage accounts, Indiabulls offers the purchase and

sale of securities which includes Equity, Derivatives and Commodities Instrumentlisted on National Stock Exchange of India Ltd. (NSEIL), The Stock Exchange,Mumbai (BSE) and NCDEX.

Features of Power Indiabulls:

Live Streaming Quotes Fast Order Entry Tic by Tic Live Charts Technical Analysis Live News and Alerts Extensive Reports for Real-time Accounting

Demat+Trading account opening charges-

For Offline A/c opening- 700/-

For Online A/c opening- 1450/-

(An Offline Demat A/c holder can not do online trading)

Online Account Type

Signature Account : Plain Vanilla Account with focus on Equity Analysis.The equity analysis is a paid service even for A/c holders

Power Indiabulls: Account with sophisticated trading tools, lowcommissions and priority access to R.M


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CHARGES

Pricing of IB Accounts

Signature Account

Account Opening : Rs 250 Demat: Rs 200 if POA is signed, No AMC for this DP Initial Margin : NIL Brokerage : Negotiable

Power IndiaBulls

Account Opening : Rs 750 Demat: Rs 200 if POA is signed, No AMC for this DP Initial Margin : NIL Brokerage : Negotiable

PAID Research

SCHEME FACILITY

WebBased-1-Month-500: View & Print on websiteWebBased-1-Year-6000 View & Print on websitePrintReport-1-Month-750: View & Print on website + 10 ReportsDeliveredPrintReport-1-Year-9000: View & Print on website + 10 ReportsDelivered

Brokerage-

For intraday trading- .02 - .05%

For Delivery trading- 0.25 - 0.50%

(Brokerage is negotiable and it based on the volume of client)

Exposure:-


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For intraday trading - 5 10 timesFor delivery trading - 2 times

Funding:-

Interest rate is 19% per month for funding.

Drawback:

For delivery they are providing a limit of 27 days, for squaring-off.

Services:-1. No SMS alert provide2. A trader can find out the information about share market only by to call

dealers3. Account opening time- One Weak

4. Online & offline trading facilities are different.

3. ILFS:-Your world of financial services and India's financial multiplex, IL&FS InvestsmartLimited (IIL) is a premier financial service organization providing individuals andcorporate with customized financial management solutions..

New Demat Account opening has been stopped by SEBI.

Brokerage:

For Intraday Trading- 0.04%For Delivery Trading- 0.40%

AMC Charges: Rs 500/-

Exposure:

For Intraday Trder - 4-5 timesFor Delivery Trader- 2 times

Services:


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Research Report- FreeTrading A/c- FreeOnline Services- FreeIPO- OnlineTie up with HDFC Bank.

4. ICICI Direct.com-

CUSTOMER SERVICE FEATURES:

With ICICI direct Customer Tools &Updates you can trouble shoot all yourproblems online.It is a Market Player.

Give your feedback of viewpoint through the Viewpoint online.

Brokerage charges-

ICICIdirect.com account can be opened for a one-time non-refundable fee ofRS 750/-

The brokerage rates are very reasonable. The rates vary according to thevolume of trades done by you.

Brokerage on trades done in CASH Segment:


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Total Eligible Turnover(Volume of Transaction)per quarter

Brokerage SecondLeg ofTrades*

Effective Brokerage perleg for squared offtrades

Trades aboveRs.5,00,00,000/- (Above

Rs. 5 Crore)

0.25% Nil 0.125%

Trades betweenRs.2,00,00,001/- and5,00,00,000/- (Rs. 2 Croreto 5 Crores)

0.30% Nil 0.15%

Trades betweenRs.1,00,00,001/- to Rs.2,00,00,000/- (Rs. 1 Croreto Rs 2 Crore)

0.35% Nil 0.175%

Rs. 50,00,001/- toRs.1,00,00,000/- (Rs. 50

lacs to Rs. 1 Crore)

0.45% Nil 0.225%

Rs. 25,00,001/- toRs.50,00,000/- ( Rs. 25 lacsto Rs. 50 lacs)

0.55% Nil 0.275%

Rs. 10,00,001/- toRs.25,00,000/- ( Rs. 10 lacsto less than Rs. 25 lacs)

0.70% Nil 0.35%

Less than Rs. 10,00,000/-(Rs. 10 lacs)

0.75% Nil 0.375%

For NSE Trades Brokerage is calculated on a per share basis and is rounded offto the fourth decimal.For BSE Trades Brokerage is calculated on a per share basis and is rounded offto the second decimal.

The minimum value of the order that would be accepted would be Rs. 500/- andthe minimum brokerage would be Rs. 25/- per trade. The minimum brokerage is

Rs.25/- or 2.5% of the trade value whichever is lower. Service Tax and SecuritiesTransaction Tax (STT) will be charged additional as per the applicable rate.

The minimum value of the trade that would be accepted would be Rs. 500/-. Themaximum amount of trade that a customer can execute in any settlement underSpot Segment is Rs.10, 00,000/-. If the trading day is a bank holiday, then thepay-out will be credited on the next bank working day. Trades in spot form part of


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the eligible turnover for rebate calculations. Service Tax and SecuritiesTransaction Tax (STT) will be charged additional as per the applicable rate.

How is the rebate computed?

On the transaction date the first leg of the transaction would be chargedbrokerage at 0.75%. The rebate calculation will take place at the end of thequarter.

The rebate amount will be computed only on the transactions on whichbrokerage has been charged. This volume is called the Eligible Turnover.Hence the square-off trades will not form part of the rebate calculations.

Rebate will be calculated as a percentage of the Eligible Turnover.

The quarters for the purpose of the computation are defined as: Q1 Jan1-March

31, Q2 April 1- June 30, Q3 July 1 Sept 30, Q4 Oct 1- Dec 31.

Example -

Total Eligible Turnover Brokerage rate Brokerage charged

Rs 15,00,000/- 0.75% Rs. 11,250/-

Rebate calculation

Total Eligible Turnover Brokerageslab

Rebate Rebate to becredited

Rs 15,00,000/- 0.70% 0.05%

(i.e. 0.75% minus 0.70%)

Rs. 750/-

The actual brokerage charged can be higher than Rs. 11,250/- as some tradesmay have been charged at a higher rate. This may happen when the trade value

is below Rs. 3333/- and hence a flat brokerage of Rs. 25/- is charged. ServiceTax and Securities Transaction Tax (STT) will be charged additional as per theapplicable rate. Please note that the rebate will not be greater than Rs. 750/-.

Brokerage on trades done in Margin Segment:

How is the rebate computed?


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On the transaction date brokerage would be charged at 0.10%. The rebatecalculation would take place at the end of the calendar month.

The rebate amount will be computed only on the transactions on whichbrokerage has been charged. This volume is called the Eligible Turnover for

margin. Rebate will be calculated as a percentage of the Eligible Turnover formargin.

Example

Total Eligible Turnover formargin

Brokerage rate Brokerage charged

Rs 80,00,000/- 0.10% Rs. 8,000/-

Rebate calculation

Total EligibleTurnover for margin

Brokerageslab

Rebate Rebate to becredited

Rs 80,00,000/- 0.075% 0.025%(i.e. 0.10% minus

0.075%)

Rs. 2,000/-

The actual brokerage charged can be higher than Rs. 8,000/- as some tradesmay have been charged at a higher rate. This may happen when the trade valueis below Rs. 15,000/- and hence a flat brokerage of Rs. 15/- is charged. ServiceTax and Securities Transaction Tax (STT) will be charged additional as per theapplicable rate. Please note that the rebate will not be greater than Rs. 2,000/-.

The brokerages rates of ICICIdirect.com are inclusive of demat transactioncharges, service taxes and courier charges for contract notes.

It ranges from 0.01 to 0.1 for margin trades,

0.1 to 0.75 on delivery based trades.


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To give an idea, an investor having a daily average trading volume ofRS65000/- will be paying a paying an effective brokerage of 0.50% only,and that too inclusive of all charges.

Demat account charges: For all trades done through ICICIdirect.com,there are NO separate charges. However, for all other trades andservices like demat, pledge etc, the charges shall be as per the existingrate card of ICICI demat. An annual maintenance fee of RS 500/- peraccount is charged. However, the first year annual maintenancecharges are waived for on all accounts opened through ICICIdirect.com.

For bank account, a minimum quarterly average balance of RS 5000/-needs to be maintained.

Why should an account be opened with ICICIdirect.com? it may seem tobe wondering about why 0.75% is charged, while the broker may claimonly say 0.5%

Firstly, the brokerage rates of ICICIdirect.com are inclusive of demat transactioncharges, service tax and courier charges for contract notes.

Secondly, brokerage rates on ICICIdirect.com are dependent on the volume oftransactions done and also the type of trade put in by you. As mentioned earlier.

Investors with reasonable trading volumes anyways get less than 0.5%brokerages (all inclusive).

Even if we assume very low volumes of trading and that too only onDelivery based trading, our brokerage rates are still economical.


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5. Kotak Securities Ltd.-

Kotak Securities Ltd. is India's leading stock broking house with a market shareof around 8%. Kotak Securities Ltd. has been the largest in IPO distribution.

Kotak Securities Ltd is also a depository participant with National SecuritiesDepository Limited (NSDL) and Central Depository Services Limited (CDSL),providing dual benefit services wherein the investors can use the brokerageservices of the company for executing the transactions and the depositoryservices for settling them.

Kotak Securities Limited manages assets over 2500 crores of Assets underManagement (AUM).
http://www.kotaksecurities.com/home/index.shtml


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Type of account in Kotak Securities Ltd.

If you want to start investing? Open an investing account with Kotak SecuritiesLtd and begin right away. Whether you are a beginner or an expert trader, Kotakhave different accounts to suit your needs:

Kotak Gateway: Ideal if you are just starting out in the equity markets.

Kotak Value: Tailor-made to meet the needs of the experienced investor.

Kotak Privilege Circle: A line up of premier trading services to suit your needs.Kotak High Trader: Intra-day trading account with Auto-square off that lets youtake higher exposure.

Kotak Freeway: Trading unleashed! Unlimited trading for a fixed monthly fee.


Twin Advantage / Green Channel : 2 DPs, Limit against shares

Free Way : Flat Rs 999/- Cover Charges p.m., 0.03% per transaction

High Trader : 6 Times Exposure cash & Derivatives, Auto sq off 2 :55

Cash Expressway : Spot payment, additional 0.5% charges

Pricing of Kotak :

Account Opening :Rs 500/-

Demat: Rs 22.5 p.m.

Initial Margin : Rs 5000/- (Compulsory)

Min. Margin Retainable : Rs 100/-

Brokerage Slab wise :

Higher the volume, lower the brokerage. Even older customers (on 0.25% &0.40%) have been moved to the slab wise structure.

For intraday trading- .05%

For Delivery trading- .50%

(Brokerage is negotiable and it based on the volume of client)

Exposure:-

For intraday trading - 5 10 timesFor delivery trading - 2 times

Funding:-

Interest rate is 19% per month for funding
http://www.kotaksecurities.com/accountsection/kotakgateway.htmlhttp://www.kotaksecurities.com/accountsection/kotakvalue.htmlhttp://www.kotaksecurities.com/accountsection/kotakprivilegecircle.htmlhttp://www.kotaksecurities.com/accountsection/kotakhighertrader.htmlhttp://www.kotaksecurities.com/accountsection/kotakfreeway.htmlhttp://www.kotaksecurities.com/accountsection/kotakgateway.htmlhttp://www.kotaksecurities.com/accountsection/kotakvalue.htmlhttp://www.kotaksecurities.com/accountsection/kotakprivilegecircle.htmlhttp://www.kotaksecurities.com/accountsection/kotakhighertrader.htmlhttp://www.kotaksecurities.com/accountsection/kotakfreeway.html


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6. HDFC Securities Ltd.-

Abut HDFC Securities Ltd

HDFCsec is a brand brought to you by HDFC Securities Ltd, which has beenpromoted by the HDFC Bank & HDFC with the objective of providing the diversecustomer base of the HDFC Group and other investors a capability to transact inthe Stock Exchanges & other financial market transactions.

Online trading for Resident & Non Resident Indians.

Cash-n-Carry on both NSE and BSE. Day trading on both NSE and BSE. Trade on Futures & Options on the NSE. Online IPO's. Telephone-based Broking (Equity & Derivatives).

The capability to take your orders over the phone No compulsion for you to change your existing savings and demat

accounts to any of our preferred banks A branch network that is set to quickly grow in all-India coverage, so

youre never too far from customer service that will meet yourrequirements .State-of-the-art technology backing the safety features in allour transactions.

Online Account Type

HDFC Online Trading A/c: Plain Vanilla Account with focus on 3 in 1advantage.

Pricing of HDFC Account

A/c Opening: Rs 750/-

/- for non HDFC Bank customers (AQB)


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Brokerage:

Trading 0.15%* each side + ST

Delivery 0.50%** each side + ST

Demat: Nil, 1st year charges included in Account Opening

Initial Margin: Rs 5000* Rs 25 Min Brokerage per transaction

** Rs 8 Min brokerage per transaction

9. Karvy:-

Online DEMAT Services

What are the services offered by Depository Participant?

Our Electronic Custodial Services are:

Convert your physical holding into electronic holding (which is called"dematerialisation" of securities)

Keep custody of your holdings in electronic form. Transfer the shares in the electronic form from one account to another. Facilitate pledge of your electronic securities. Give electronic credit of new share allotments such as public issues,

bonus, rights etc.


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Convert your electronic holding into physical holding (which is called"rematerialisatoin of securities")

Company Profile

History of Religare Securities Ltd.Religare Securities Limited, a RanbaxyPromoter Group Company, was founded by late Dr. Parvinder Singh (CMDRanbaxy Laboratories Limited), with the vision of providing integrated financialcare driven by the relationship of trust & confidence.

To realize its vision the Religare group provides various financial services whichinclude broking (stocks & commodities), depository participant services, portfoliomanagement services, advisory on mutual fund investments and many more.Working on the philosophy of being Financial Care Partner, Religare unlikeother traditional broking firms not only executes the trades for the clients but alsoprovides them critical and timely investment advice..

Religare Enterprises Limited (A Ranbaxy Promoter Group Company) throughReligare Securities Limited, Religare Finvest Limited, Religare CommoditiesLimited and Religare Insurance Advisory Services Limited provides integratedfinancial solutions to its corporate, retail and wealth Management clients.

Today, it provides various financial services which include Investment Banking,Corporate Finance, Portfolio Management Services, Equity & CommodityBroking, Insurance and Mutual Funds. Plus, theres a lot more to come your way.

Religare Today

An ISO 9001:2000 Company

Member of National Stock Exchange (NSE) since November 1994, first depositbased member of BSE.

Depository Participant with

- National Securities Depository Limited (NSDL) since July 2000

- Central Depository Services (India) Limited (CDSL) since Feb 2003.

- SEBI Approved Portfolio Manager
http://www.religare.in/index.asp


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Working on the Philosophy of being Financial Care Partner

Among the leading service provider in Capital Market In a span of less than fiveyears of its retail operations, RSL recorded a healthy growth rate both inbusiness volumes and profitability.

Religare is among the very few stock market intermediaries to having very soundbased capital and healthy net worth.

Religare aims to have its footprint all across the country by the end of year sothat it may add value to the investing community in the country.

Individual Client:

Demat A/c opening charges:

Two schemes are there:

Classic Plan:

1) R-ACE Basic

Account activation charges Rs.299 Minimum margin of Rs.5000 required. Earn interest on cash margin( upto 3%) Trading A/c free for life time. Lifetime free Dp account(No Annual Maintenance charge)

2) R-ACE Life(Advanced)

Account activation charges Rs.499 Minimum margin of Rs.5000 required. Earn interest on cash margin (upto 3%) Trading A/c free for life time. Lifetime free Dp account(No Annual Maintenance charge) Trading through offline or website. (www.religare.in)

NSE & BSE both are online Live applet for watching prices & trading purposes.

3) R-ACE PRO(Professional)

Account activation charges Rs.999 Minimum margin of Rs.10, 000 required.
http://www.religare.in/http://www.religare.in/


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Earn interest on cash margin (upto 3%) Trading A/c free for life time. Traders terminal on your desktop(customization)

Lifetime free Dp account(No Annual Maintenance charge) Trading through offline or website. (www.religare.in) NSE & BSE both are online Live applet for watching prices & trading purposes.

Brokerage:-Cash brokerage: - Delivery: 0.50%, Intraday: 0.05% (Negotiable)Exposure: - 5times (upto 1 lacs, for Intraday)

20 times (from 1 lacs onwards, for Intraday)2 times (For Delivery)

F&O Brokerage: - Buy & Sell 0.05% (Negotiable)

Freedom Plan:

It is a plan for those investors who want to pay FEE-Base Broking (PrepaidBrokerage).It involves four plan:

1) 500 ( Monthly)2) 1400 ( Quarterly)3) 2500 ( Half Yearly)4) 4000 ( Yearly)

Margin:-

Intraday- upto 3 Lacs (per Day)Delivery- upto 40,000 (per Day)

Other features-

1. For the fund transfer and withdraw, we have tie up with two banksICICI Bank and HDFC Bank.

2. If you are having bank account in one of them, you can transfer thefunds and withdraw the funds online same day.

3. Settlement of trades follows T+2 transaction cycle.4. Freedom from paperwork, trading facilities is completely online.5. SMS alerts on your mobile phones.6. Apart of that we have our dedicated team to look after your Portfolio,

Mutual Funds, and Commodities.7. Religare had a contact with 180 companies and anyone who is engaged

in that company, is entitled to have free account opening.
http://www.religare.in/http://www.religare.in/


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UNICORN:

A Sovereign NV Securities Pvt. Limited Promoter Group company

Features:

1. Account opening charges: Rs.500

2. Annual Maintainance charges: Rs.250

3. Brokerage

a) Intraday: 0.02 - 0.05%b) Delivery: 0.2 - 0.5%

* Brokerage is negotiable

4. No interest on cash margin.

5. Margin against securities.

6. Margin on delivery is 4 times.

7. Margin on Intraday is 10 times.

8. Trading terminal.

9. Trading through online and offline.

10. Tie up with banks like IDBI, ICICI, HDFC, UTI, Karnataka Bank, Bank ofMaharashtra.

11. Firstly it was a franchise of Religare Securities limited now they haveestablished their own trading company.

12. Free account opening if one had account in any of banks.

13. Transfer of script from demat account ofUnicorn to some other companydemat account is Rs.15/script.

Summer Training Profile


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SWOT ANALYSIS OF RELIANCE MONEY LTD.

STRENGTHS

1. All four accounts Trading, Demat, Forex, Commodities are opened just forRs.750.

2. Trading account is interlinked (if saving account is in

IDBI, UTI and HDFC Bank)

3. A very strong IT setup with huge investment to provide best standards andeffective systems for smooth functioning of operations

4. Flexibility and adaptability to the dynamic need of capital market.

5. Traders can also invest in Mutual Funds.

6. Reliance Money unlike other brokering houses has introduced a newprepaid system of brokerage for the share trading in which it provides thelowest form of brokerage charged from an investor.

7. Its convenient:

You can access Reliance Moneys services through ------

The Internet

Transaction Kiosks

The phone ( Franchise)

Call center

8. Its safe

Your account is safeguarded with a unique security number in the security

token key that changes every 32 seconds.This number works as a dynamicpassword to keep your account safe.

9. It provides you a Demat Account

You get your own Demat Account with Reliance Capital at an annual fee ofjust Rs.50 (AMC of Demat)


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10. It provides you a 3-in-1 facility

You can access your Banking, Trading and Demat account through a singlewindow and transfer funds across accounts seamlessly.

11. Products:

Companys product line is quite flexible in the sense that there is a product forevery kind of investors.

12. It also provides investment in General Insurance and Life Insurance.

WEAKNESS

1. Against security:

In Reliance Money, if you have some shares in your Demat account then youdonot get margin against your securities, whereas some companies areproviding margin on securities in the range of 60-70%.

Whereas some brokers are also providing margin on share in the poolaccount.

2. Less number of branches in India

3. Do not have access on Regional Exchanges (such as UPSE)

4. Competition from banks.5. Saving Account

In Reliance Money customer had the problem of saving account. As RelianceMoney had tie up with three banks namely IDBI,UTI and HDFC as this givesthe advantage of linking the trading accounts of their customers to savingaccounts. This makes trading easier, and at the same time a trader withdrawsexactly as much money from his account as is needed to complete the trade.

But if customer had account in some other bank then they had to give a cheque

in favour of Reliance Securities Limited and money comes in their tradingaccount after 5 working days, as Reliance Money had tie up with City Bank.

But some companies are providing free account of those banks through whichthey have tie up.

6. No interest on cash margin.


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7. Do not take cash.

OPPORTUNITIES

1. Already having a good market access through different products.2. Market share of company is increase rapidly.

3. Reliance Money Ltd is not so longer in the financial securities area but atpresent it has a very good response of investors.

4. Since Reliance Money is coming with its own Bank and Stock Exchange, andis also planning to tie up with other banks the prospects are very good.

THREATS:

New Competitors

A lot of new competitors are trying to enter the market in this bullish run totaste the flavor of this cherry. This is creating a lot of competition for large playersand it is creating little confusion in the minds of the customers about the servicesprovided by the broker. Also many banking firms are entering into the market withhuge investment. Competitors like ICICI, Kotak, HDFC, and 5-paisa etc,Religare.are posing a lot of threats to the company.

Some of the key points in which the company is facing threats are:

1. No margin on delivery.2. Basically very small limit of delivery.3. Other threats are: Sub broker, Brokers, Suppliers.4. No arbitrage.

14. RISK FACTOR

Investments in securities are subject to market risks, which include pricefluctuation risks. There is no assurance or guarantee that the objectives of any ofthe schemes will be achieved. The investments may not be suited to all

categories of investors.The names of the scheme do not in any manner indicate their prospects orreturns. The performance in the equity schemes may be adversely affected bythe performance of individual companies, changes in the market place andindustry specific and macro economic factors.

The debt investments and other fixed i


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15. CONCLUSION

Religare is providing demat and trading account in Rs 500only. The charge oftrading account is NIL. Person who has demat account in other company can dotrading with Religare with without paying extra charges.

If person has saving account in ICICI BANK and HDFC BANK can transfer andwithdraw their fund online same day.

While other brokerage companies have tie-up with hardly one Bank.

All type of people can trade with Religare because their brokerage charge is verylow than other companies.


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In how many days account will be opened

16. RECOMMENDATIONS

Based on the market study, new clients and existing clients followingrecommendations can be given for more satisfaction of customers as well as

more sale of product.

Recommendation related to account opening

Time taken to account opening is too long i. e. 5-6 days in comparison with otherDPs providing the account opening in 2-3 days and sometimes even in one day,so the time limit should be reduced so that users are interested in opening theaccount.

Documents required for account opening are too unique and confusing.

Numbers of signatures, which are made by the clients, are too many, a user hasto sign about 30-31 signatures, and numbers of signs must therefore be reduced.


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ONLINE SHARE TRADING

For share trading online one must have a DEMAT ACCOUNT

Introduction of Demat Account

Demat is called Dematerialization of securities. Dematerialization is the process ofconverting the securities held in physical form (certificate) to an equivalent number ofsecurities in electronic form and crediting the same to the investors demat account.Dematerialized securities do not have any certificate number or distinctive numbers andare dealt only in quantity i.e. the securities are fungible.

Dematerialization of the clients holding is not mandatory. Clients can hold their securityeither in demat form or in Physical form. They can also keep part of their holdings (inthe same scrip) in demat form or in physical form. However a select list of seuritiesannounced by SEBI can be delivered only in demat form in the stock Exchangeconnected to NSDL.

A demat account can be opened with a depository participant upon paying

an annual maintenance fee of Rs 250-750. Besides, they also charge Rs

30-50 for every debit entry (sell) of shares in the demat account.

All public and private sector banks offer the demat facility and they

charge a lower fee if the demat account holder has a savings or current

account with the bank concerned. Many brokerage firms also offer demat

facilities. A list of these broker-cum- depository participants is

available on the websites of National Securities Depository

(www.nsdl.co.in) and Central Depository Services (www.cdslindia.com). These are the two central

depositories in the country.


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BENEFITS OF ONLINE SHARE TRADING

1. Paperless and Hassle free :- In on line Share Trading There is noneed to fill any Physical Form, Writing Cheques and TIFDs for Setting the

trades.

2. One Window Solution:- Invest in about 7-8 product and get all theinformation on a Single screen just by using your user ID and Password.

3. Place Any Time facility:- You can Place your order any time of theday even during Non Trading hours and holidays.

4. Speed:- Get the latest quotes of scripts on most of online share tradingcompanies and place an order instantly at the same time and it will take

just 4-5 seconds.

5. Control:- During trading or investing in share and others, there is orderconfirmation instantly. This assures that you have indeed placed an orderat the price you wanted.

6. Transparency:- You will get all the confirmation instantlythat you haveindeed placed an order at the price you wanted. So transparency is alsomore.

7. Mutual Funds:- Now a days you can buy and sell Mutual Funds online

with out filling application forms every time. And you can also takeadvantage od Syatematic Investment Plan (SIP) and SystematicWithdrawal Plan (SWP) which allows you auotomatic periodic investmentsin any Scheme.

8. Trade in Equity Products in which you have a choice of tradingoptions to match Your Trading needs.


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9. Derivative Trading :- You can stabilize the return on your portfolioagainst Market Movement by investing in derivatives.

10. Online IPOs :- Invest in IPO online with out going through the Hassleof filling of any application form* or Paperwork. On allotment , shares ndBonds are directly credited to the Demat Account.

11. Rich Market Intelligent:- Corporate Information Bank, Diret tehnicalcharts. Al this is to help client to make Informed Decision.

12. Call N Trade Facility:- Call N Trade allows you to call on a Localnumber in your city and trade on the Telephone through CustomerSales Executive.

13. GOI Saving Bonds, Insurance, Loans are alo available online,invest in these without any paperwork.

14.Trade from any where in the world by just sitting online


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Players Dealing in Online Share Trading

Presently there are about 30- 35 Companies that are dealing in online share tradinglike ICICIdirect.com, Share khan, India Bulls, India Info line, Kotak Street, HDFC, Motilal

Oswal. Geojeet, IL & FS etc and many other small companies are also there. But themain Player in this Market is

ICICIDirect.com

India bulls,

Share khan

Kotak Securities ,

India info line

HDFC etc

ICICIdirect.com is the market leader he is sharing the maximum Market Share i.e. 55%of the trading in stock exchange is done by ICICI Direct.com.

But Companies like Share khan, India bull and India Info line are the also good knownCompanies

ONLINE SERVICES AT RELIANCE MONEY

www.reliancemoney.com

This type of trading is done directly through the customers.whenever they want to do trading they can do through their computers orthrough their laptops with INTERNET Connection or through KIOSKMachines installed at each Distribution office of Reliance money and nowinstalled at BARISTA,RAVE KANPUR.
http://www.reliancemoney.com/http://www.reliancemoney.com/


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online services at reliance money

Investor can easily access to all products & services through single screen.

Besides trading online investor can also invest online in MFs, IPOs,

Insurance.

The site provides in-depth learning on the markets from basic to trading

strategies.

Investor can open his account by simply log on to

www.reliancemoney.com, enter user ID, password and 6 digit security

token. There are two types of online trading:

o Insta trade

o Easy trade(Trade

Now)

Trade now will allow the investor to get into trading page and there on

trade seamlessly. It streamlines live quotes on customized market watch

and investor too can create multiple customized market watch .

Easy trade has simple order form which is easy to understand and place

a trade. It enables easy access to BSE, NSE & FONSE srcips and get price

& market depth on the same screen.

Investor can calculate capital gains

Investor can create his own market watch by selecting upto 25 scrips,

detach and keep it on his desktop.

Do away with writing cheques.

Investor can track his investment portfolio online.

The knowledge section of R Money demystifies the complex financial

world.

The website flashes real time news on various markets i,e equity,

commodity, offshore, MFs, IPOs by Dow Jones, one of the leading

newswire in the world.
http://www.reliancemoney/http://www.reliancemoney/


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Types of Online Trading in RELIANCE MONEY

1) personal computers,laptops-whenever you want to do

trading,simply just log on towww.reliancemoney.com.As soon as the page opensyou need to enter your user name,password and the no.displayed in the security key and then submit details ofyour transaction to be undertaken.

2) Kiosk-Reliance money brings to you easy accessibilityto Online financial transaction through its nationwidenetwork of Trading Kiosk.

You can log on to reliancemoney.com at any of theirTrading Kiosk using your User ID, Password and security token number

and transact.

Broadband charges at the rate 0.50p per minute will be applicableand adjusted rem your account.

Reliance Money Chief Executive Officer Sudip Bandopadhyay said the companypresently has 2500 trading kiosks across the country. Reliance Money, thefinancial trading platform promoted by Anil Dhirubhai Ambani group's RelianceCapital, would increase the number of web-enabled trading kiosks to 10,000 by

March 2008, a company official said.

BENEFITS OF ONLINE SHARE TRADING

15. Paperless and Hassle free :- In on line Share Trading There is noneed to fill any Physical Form, Writing Cheques and TIFDs for Setting thetrades.

16. One Window Solution:- Invest in about 7-8 product and get all the

information on a Single screen just by using your user ID and Password.

17. Place Any Time facility:- You can Place your order any time of theday even during Non Trading hours and holidays.

18. Speed:- Get the latest quotes of scripts on most of online share tradingcompanies and place an order instantly at the same time and it will take

just 4-5 seconds.
http://www.reliancemoney.com.as/http://www.reliancemoney.com.as/


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19. Control:- During trading or investing in share and others, there is orderconfirmation instantly. This assures that you have indeed placed an orderat the price you wanted.

20. Transparency:- You will get all the confirmation instantlythat you haveindeed placed an order at the price you wanted. So transparency is alsomore.

21. Mutual Funds:- Now a days you can buy and sell Mutual Funds onlinewith out filling application forms every time. And you can also takeadvantage od Syatematic Investment Plan (SIP) and SystematicWithdrawal Plan (SWP) which allows you auotomatic periodic investmentsin any Scheme.

22. Trade in Equity Products in which you have a choice of tradingoptions to match Your Trading needs.

23. Derivative Trading :- You can stabilize the return on your portfolioagainst Market Movement by investing in derivatives

24.Online IPOs :- Invest in IPO online with out going through the Hassleof filling of any application form* or Paperwork. On allotment , shares ndBonds are directly credited to the Demat Account.

24. Rich Market Intelligent:- Corporate Information Bank, Diret tehnicalcharts. Al this is to help client to make Informed Decision.

25. Call N Trade Facility:- Call N Trade allows you to call on a Localnumber in your city and trade on the Telephone through CustomerSales Executive.

26. GOI Saving Bonds, Insurance, Loans are alo available online,invest in these without any paperwork.

27.Trade from any where in the world by just sitting online

OFFLINE TRADING


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This type of Trading is not done directly by the consumers rather they asksomeone to do trading on their behalf.thi type of trading can also be donethrough RELIANCE MONEY CALL CENTER.Phone no is 022-39886000The charges for offline trading is Rs12/-per trade

Types of Offline Trading1) Call centres2) Franchisee

COMPARISON OF ONLINE WITH OFFLINE TRADING

1. Money saving opportunitiesThe amount of money you save depends primarily on the online brokerage firm that youchoose. No two firms are the same. There may be different regulations, similar to bankregulations. There are minimum deposits required that must be maintained. As mentionedabove, this will depend on the online brokerage firm.

2. Instant online accessYou can gain instant access to your account, the value of your portfolio updatesimmediately before your eyes.

3. Enter online trades at anytimeYou can enter online trades at anytime and from anywhere. This is very convenient if youlive in a different time zone than the country you are trading in. Not to mention, it isespecially fit for investors with busy schedules.

4. With online trading you are in chargeYou are in control of your investments. No sales pitches and no hassle. You decide whereto invest your money.

Nevertheless, with all the convenience of online trading there are still investors whoprefer the old fashion way of offline trading. Offline trading has lost some popularity but

it is still the main form of investing. Offline trading offers many benefits as well.

1. The one benefit that an investor appreciates the most is that they are not alone whenmaking investment decisions.

2. There are experienced and professional brokerage companies that handle theirinvestments for them.


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3. Investors are not faced with the challenge of making these vital investment decisions;especially, if they do not have the experience necessary to make the appropriateinvestments.

4. Also, there is someone there to answer any questions that may cause concerns.

Not to mention, with offline trading mistakes are less likely to take place. No one wantsto throw their money away or stand by and watch someone else throw their money away.It may be wise to hire a professional to assist you in making the correct investmentdecisions if you feel you lack the knowledge necessary.

IN NEWS-TIEUP

Reliance Money announces tie-up with Valcambi SA, launches Gold coins

First non-banking Company in the Private Sector to retail gold coins in India

Valcambi SA global leader in precious metal refining, based in Switzerland Reliance Money to source gold coins with highest purity from Valcambi

through the tie-up

Gold coins of 24 carat with 999.9 purity to be available in 5gm and 8gm

across select Reliance Money and Reliance World outlets


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1) What is your Trading mode?

online offline

kiosk call centres

) Your financial advisor

Reliance Money India Bulls

icici

Karvy Religare

Other Brokers

If you are availing the services of R Money, then please fill

Agree Disagree Cant say

(a) R Money provides all investment

solutions

(b) R Money has quality services

(c) R Money has reasonable charges

(d) Online services of R Money Are better

than others

(e) I am satisfied with the services of R

Money

75%

65%

80%

60% 60%

20% 25%

10% 10%

30%

5%10% 10%

30%

10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

a b c d e

agree

disagree

can't say


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Frequency of online trade of Customer)

Options No of time Trade weekly

>10 times 38

10-20 times 19

20-40 times 8

more than 40 times 5

How Did the Customer first know about theCompany

Type of Ad No of client

print ad 5

Television Ad 0

Web Ad 24

Friends/Relatives 36

other brokers 3Others 2


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How Did the Customer first know about the Company No of client

0 10 20 30 40

print ad

Television Ad

Web Ad

Friends/Relatives

other brokers

others

Type

ofa

No of client

How Did the Customer

first know about the

Company No of client

) Do you prefer online trading more convience than offline trading?

Yes No

99%

1%0%

20%

40%

60%

80%

100%

120%

yes no


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CONCLUSION

According to the survey conducted, I can conclude that people prefer more of doing

online trading in comparison of offline trading . It is not that they have more transparency

in online trading, but bethey are able to see their trade being done and also can see the

ups and downs of market of every minute, People of every age group is able to get

knowledge of computers also through online trading.

Institutions like Reliance Money have playing their role by educating customers and

giving them services so that investors can manage their money profitably.

Whatever you choose to do, or not do, with your money, you run risks. If you stash it

under your pillow, it wont earn interest and you run the risk of losing it to thieves. So

not taking risk is also risky.

17. BIBLIOGRAPHY

Our main source of information has come from both primary as well as

secondary sources.


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PRIMARY SOURCE :

1. BOOKS :

Investment ( By William Sharpe, Belly )

Futures & Options ( By Vohra and Bagri )2. INTERVIEWS :

All securities company which is including in project.

SECONDARY SOURCE :

1. INTERNET SITES :

nse-india.com

bseindia.com

sharekhan.coml

5paisa.com

indiabulls.com

religaresecurities.com

kotaksecurities.com

reliancemoney.com

amfiindia.com

valueresearchonline.com

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