Professional Documents
Culture Documents
The emergence of stock market can be traced back to 1830. In Bombay, business passed in the shares of banks like the commercial bank, the chartered mercantile bank, the chartered bank, the oriental bank and the old bank of Bombay and shares of cotton presses. In Calcutta, Englishman reported the quotations of 4%, 5%, and 6% loans of East India Company as well as the shares of the bank of Bengal in 1836. This list was a further broadened in 1839 when the Calcutta newspaper printed the quotations of banks like union bank and Agra bank. It also quoted the prices of business ventures like the Bengal bonded warehouse, the Docking Company and the storm tug company. Between 1840 and 1850, only half a dozen brokers existed for the limited business. But during the share mania of 1860-65, the number of brokers increased considerably. By 1860, the number of brokers was about 60 and during the exciting period of the American Civil war, their number increased to about 200 to 250. The end of American Civil war brought disillusionment and many Failures and the brokers decreased in number and prosperity. It was in those troublesome times between 1868 and 1875 that brokers organized an informal association and finally as recited in the Indenture constituting the Articles of Association of the Exchange. On or about 9th day of July,1875, a few native brokers doing brokerage business in shares and stocks resolved upon forming in Bombay an association for protecting the character, status and interest of native share and stock brokers and providing a hall or building for the use of the Members of such association. As a meeting held in the broker Hall on the 5th day of February, 1887, it was resolved to execute a formal deal of association and to constitute the first managing committee and to appoint the first trustees. Accordingly, the Articles of Association of the Exchange and the Stock Exchange was formally established in Bombay on 3rd day of December, 1887. The Association is now known as The Stock Exchange. The entrance fee for new member was Re.1 and there were 318 members on the list, when the exchange was constituted. The numbers of members increased to 333 in 1896, 362 in 1916and 478 in 1920 and the entrance fee was raised to Rs.5 in 1877, Rs.1000 in 1896, Rs.2500 in 1916 and Rs. 48,000 in 1920. At present there are 23 recognized stock exchanges with about 6000 stock brokers. Organization structure of stock exchange varies. 14 stock exchanges are organized as public limited companies, 6 as companies limited by guarantee and 3 are non-profit
voluntary organization. Of the total of 23, only 9 stock exchanges have been permanent recognition. Others have to seek recognition on annual basis. These exchange do not work of its own, rather, these are run by some persons and with the help of some persons and institution. All these are down as functionaries on stock exchange. These are: 1. Stockbrokers 2. Sub-broker 3. Market makers 4. Portfolio consultants etc.
1. STOCK BROKERS:
Stock brokers are the members of stock exchanges. These are the persons who buy, sell or deal in securities. A certificate of registration from SEBI is mandatory to act as a broker. SEBI can impose certain conditions while granting the certificate of registrations. It is obligatory for the person to abide by the rules, regulations and the buy-law. Stock brokers are commission broker, floor broker, arbitrageur etc.
2. SUB-BROKER:
A sub-broker acts as agent of stock broker. He is not a member of a stock exchange. He assists the investors in buying, selling or dealing in securities through stockbroker. The broker and sub-broker should enter into an agreement in which obligations of both should be specified. Sub-broker must be registered SEBI for a dealing in securities. For getting registered with SEBI, he must fulfill certain rules and regulation. 2
3. Market Makers:
Market maker is a designated specialist in the specified securities. They make both bid and offer at the same time. A market maker has to abide by byelaws, rules regulations of the concerned stock exchange. He is exempt from the margin requirements. As per the listing requirements, a company where the paid-up capital is Rs.3 Crore but not more than Rs. 5 core and having a commercial operation for less than 2 years should appoint a market maker at the time of issue of securities.
4. Portfolio Consultants:
A combination of securities such as stocks, bonds and money market instruments is collectively called as portfolio. Whereas the portfolio consultants are the persons, firms or companies who advise, direct or undertake the management or administration of securities or funds on behalf of their clients. Traditionally stock trading is done through stockbrokers, personally or through telephones. As number of people trading in stock market increase enormously in last few years, some issues like location constrains, busy phone lines, miss communication etc start growing in stockbroker offices. Information technology (Stock Market Software) helps stockbrokers in solving these problems with Online Stock Trading. Online Stock Market Trading is an internet based stock trading facility. Investor can trade shares through a website without any manual intervention from Stock Broker.
There are people who had become millenaries over a mid-night; as well as there are millionaires, who had lost their shirts and pants in a day. Either side is possible in stock market. The most volatile area in business is stock market. In simple terms, 'stock market' is a place where shares are bought and sold, otherwise 'traded'. A company's share is the basic unit of its asset. That's, when you buy all the shares of a company, you end up buying the whole company itself in other hand. A company has to list its shares in any stock exchange (like BSE, NSE etc), in order to enable the public people to buy and sell it. In developing countries like India, the stock market has become modern and has grown like rockets due to number of new businesses (business enlargement) and large pool of investors.
SenSex
Every stock exchange uses an index value to measure its overall performance. This is called Market Index. This market index is generally a derivative value. That's, a Market Index is derived from biggest companies share prices who dominate the overall market. (The term 'Market Capital' is the company's worth, simply the company's size) BSE has its market index, named as SenSex (Sensitive Index). This SenSex value is derived from 30 biggest companies listed in BSE, representing every business sector. When the overall performance of these 30 companies is poor, the SenSex value comes down automatically. When these 30 companies do well, the SenSex hikes up. It's just an indicator showing how the overall market plays. The 30 companies are chosen based on their Market Capital. To name few, Wipro & Infosys (from IT Sector), HDFC, ICICI (from Banking Sector) and so on. SenSex mark was 100 at 1979, when it was formed. It has crossed many colorful milestones and now it is kissing 14000 marks. It simply means, Indian Market has grown nearly up to 14000% (or) 140 times till date! Its' an outstanding performance since, India is a developing country. BSE has been very much modernized for trading in recent days. There are number of online brokers like ICICIDirect, Kotak, HDFC and many more, who make this trading way simple through online.
NSE
NSE (National Stock Exchange) is yet another Stock Exchange in India, started after BSE. NSE is completely modernized from its inception itself, unlike BSE. Even though, it was started after BSE, NSE's market capital is much bigger than BSE. In a short span, NSE has grown to be the third biggest Stock Exchange in the world. Just like BSE has its market index as SenSex, NSE too has its market index, which is Nifty. The Nifty value is derived from 50 biggest companies from every sector, dominating the market trade.
The financial markets can broadly be divided into money and capital market.
Money market:
Money market is a market for debt securities that pay off in the short term usually less than one year, for example the market for 90-days treasury bills. This market encompasses the trading and issuance of short term non equity debt instruments including treasury bills, commercial papers, bankers acceptance, certificates of deposits etc.
Capital market:
Capital market is a market for long-term debt and equity shares. In this market, the capital funds comprising of both equity and debt are issued and traded. This also includes private placement sources of debt and equity as well as organized markets like stock exchanges. Capital market is the barometer of the company by which you are able to study the economic conditions of the country and it enables the Government to take suitable action. The capital market can be further divided into primary and secondary markets.
1. Primary market
The primary is that part of the capital markets that deals with the issuance of new securities. Companies, governments or public sector institutions can obtain funding through the sale of a new stock or bond issue. This is typically done through a syndicate of securities dealers. The process of selling new issues to investors is called underwriting. In this case of a new stock issue, this sale is an initial public offering (IPO). Dealers earn a commission that is built in to the price of the security offering, though it can be found in the prospectus.
The new issue market does not include certain other sources of new long term external finance, such as loans from financial institutions. Borrowers in the new issue market may be raising capital into public capital for converting private capital into public capital; this is known as going capital.
Methods of issuing securities in the primary market are: Initial public offerings Rights issue (for existing companies), and Preferential issue 2. SECONDARY MARKET
The secondary market is the financial market for trading of securities that have already been issued in an initial private or public offering. Alternatively, secondary market can refer to the market for any kind of used goods. The market that exists in a new security just after the new issue is often referred to as the aftermarket. Once a newly issued stock is listed on a stock exchange, investors and speculators can easily trade on the exchange, as market makers provide bids and offers in the new stock. In the secondary market, securities are sold by and transferred from one investor or speculator to another. It is therefore important that the secondary market be highly liquid (originally, the only way to create this liquidity was for investors and speculators to meet at a fixed place regularly) Secondary market refers to a market where securities are traded after being initially offered to the public in the primary market and/or listed on the stock exchange. Majority of the trading is done in the primary market. Secondary market comprises of equity markets and debt markets. For the general investor, the secondary market provides an efficient platform for trading of his securities. For the management of the company, secondary equity markets serve as a monitoring and control conduit- by facilitating value- enhancing control activities, enabling implementation of incentive-based management contracts, and aggregating information (via price discovery) that guides management decisions.
Stock exchanges are like market places, where stockbrokers buy and sell securities for individuals or institutions. As per the SCRA (Securities Contracts Regulation Act) 1956, the definition of securities includes shares, bonds, stocks, debentures, government securities, derivatives of securities, units of collective investment scheme (CIS) etc. The securities market has two interdependent segments: the primary and secondary market. The primary market is the channel for creation of new securities issued by public limited companies or by government agencies. New securities issued in the primary market are traded in the secondary market. The secondary market operates through the over-the-counter (OTC) market and the exchange-trade market.
Better returns
Actively trading stocks can produce better overall returns than simply buying and holding.
Huge Choice
There are thousands of stocks listed on markets around the world. There is always a stock whose price is moving - its just a matter of finding them.
Familiarity
The most traded stocks are in the largest companies that most of us have heard of and understand - Microsoft, IBM, and Cisco etc.
Leverage
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With a margined account the maximum amount of leverage available for stock trading is usually 4:1. Meaning a $25,000 could trade up to $100,000 of stock. This is pretty low compared to forex trading or futures trading.
Costs
Although online trading costs for stock trading are low they still add considerably to the costs of day trading. Online futures trading are about 1/4 of the cost for the equivalent value. In the UK 0.5% stamp duty is also levied on all share purchases making trading virtually impossible, hence the popularity of spread betting.
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ONLINE TRADING
The emergence of online exchanges has facilitated faster transaction by providing online trading portals and brokerage house ease and flexibility. The Internet has Indeed opened up new opportunities for conducting the business. The worldwide Stock exchanges has made a major shift from the traditional method of trading and Now conduct a bulk of its business online through its brokers and partners. In the Developed countries majorly all the exchange transaction are conducted online. The Trend took off slowly in India and the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) two of the largest exchanges in India have been conducting online trades successfully for some time.
The Indian exchanges and brokering houses have been very slow in moving their Transactions online and the major reason have been the lot government regulations. The initial delay was due to laying down the specification for creating Closed User Groups (CUGs). This issue was resolved between the Departments of Telecommunications (Dot) and the Finance Ministry around 1998 and after the Soon came the online trading portals like ICICIDirect.com, motilaloswal.com, Sharekhan.com and smartjones.com. Connectivity related issue was perhaps the most important technological factor. Through online trading everyday large volumes of data is being transacted. At BSE The aware age daily turnover in 2004-05 (April- March) was Rs 1244.10 Crore and The number of aware age daily trades was Rs 5.17 lakh.
MECHANISM:
The broker of stock trading gets the membership at the stock exchange after fulfilling a set of conditions. The broker is connected online with the stock exchange. On the system he constantly gets the real quotes in the market, their position, the demand and supply rates, number of buyers and sellers at various rates. The customer drops in the office of the broker or gives him a call regarding sale or purchase of particular number shares. The broker takes his order and inputs that in his online system. If
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a proper match regarding that price is available in that market i.e. if both the buy and sale rates match, then it implies that the deal in stuck. If the suitable match is not found, the order gets stacked in the system till a suitable counter order emerges and the transaction is closed at the point of time. The members can easily exercise the various options available to them on a trading floor and when entering the order can place limit on either the number or the higher order and accordingly the order would be matched at the best price available. The member would also have the facility of canceling all outstanding orders in one stroke if deemed necessary or he may choose the entire order to be carried out as one deal or in smaller lots. The identity of the trading members entering orders in the system will be protected and will have direct participation by the large player also without the fear of their order influencing the state of the market. There will be a book entry transfer system for securities, which will operate just like passbook system in a bank. Accounts will be maintained against each member, detailing the securities held in trading member's name. At the end of each trading day the exchange computer will generate a report of matched trades on each trading member, which in turn would be received by each trading member and the money refundable /deliverable to the clearing agency. In order to expedite the settlement process, a depository is being established where securities, as and when sold and delivered to the clearing system, would be transferred. Whenever the investor wishes to take the physical possession of the security for some reason, physical withdrawal of the security from the depository will be permitted. Thus, through this system the trade transaction have shown a tremendous increase both in value and volume. The investors get the desired and the best rates, as the markets are more transparent and convenient to trade.
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A. Election of Broker:
The first thing to be done is to select a broker through whom the purchase or sale is to be made. The intending investor or seller may approach his bank for the purchase. The banks can appoint their own brokers at exchanges and they contact for dealings on behalf of their customers. The bank assures about the financial condition of the client.
B. Placing an order:
After selecting the broker the client places an order for purchase or sale of securities. The broker also guides the client about the type of securities to be purchased and the proper time for it. If a client is to sell the securities then the broker tells him about the favorable time for sale. The broker is told to purchase shares, their number and price to be paid. The broker is giving some choice of bargaining. The same type of choice is given to the broker for selling the securities.
D. Contract note:
The buying and selling brokers prepare notes after their mutual consent next day. The seller is sent the selling note and the buyer is sent the buying note. The details of securities traded are given, mentioning their number, price, etc.
E. Settlement:
The settlement is made and means of delivering the share certificate along with the transfer deed. The transferor duly signs the transfer deed i.e. in the seller. It bears the stamp of the selling broker. The buyer then fills up the particulars in the transfer deed. The spot dealing are settled there is full. The selling broker hands over the transfer form a share certificate to
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the buying broker after receiving the price. The settlement for ready delivery and forward contracts is done with a different procedure.
a.Liquidation in fill:
The securities are delivered and payment is received or vice-versa after crossing all intermediate purchases and sales.
Spot settlement:
Under this method, the delivery of securities and payment for them are affected on the date of the contract itself or on the next working day.
Weekly settlement:
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Under this method, the delivery of securities and payments for them are settled within a time span of 7-14 days.
Rolling settlement:
Each settlement being and conclude on the same day i.e. on daily basis, the trading is Trading day (T) + 5 i.e. Monday is the trading day next Monday Pay-in date. In case of non-delivery the securities will go for auction.
Clearing House:
The exchange has set-up a clearing house to collect eh Securities from all the members and distributor to each member, all the Securities that are due to him in respect of every settlement. The whole of the operations of the clearinghouse is now computerized. Thus, trading o the Stock Exchange was officially done in the trading ring for a few hours from 9.55 am to 3.30 p.m .But now the opening bell will ring an hour earlier for Indian bourses. Trading will start at 9 am instead of the present 9.55 p.m the change in timing has become necessary as the settlement cycle will be further shortened to T+1. This means pay-in of shares and funds will take place the next day after trade. Since the backoffice work of the brokering houses and clearing corporation will have to start early, to deal with the early settlement of trades, trading will also have to end earlier. The change I timing is needed to enable the exchanges to calculate the margin of each trading member and collect eh upfront margins on the value-at-risk (Vary) basis.
Depository:
A depository is an organization where the securities of investors are held in electronic form. A depository can be compared to a bank. To avail of the services of a depository, an investor has to open an account with the depository through a depository participant, just as he opens an account with the bank. Holding shares in the account is a kin to holding money in the bank.
Depository participant:
A depository participant is an agent appointed by the depository and is authorized to offer depository services to all investors. An investor cannot directly open a Demat account with the depository. An investor has to open his account through a DP only. The DP in turn opens the account with the depository. The DP in turn takes up the responsibility of maintaining the
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account and updating them as per the instructions given by the investor from time to time. The DP generates and provides the holdings statement from time to time as required by the investor. Thus, the DP is basically the interface between the investor and the depository. the person who holds a Demat account is a beneficiary owner. In case of a joint account, the account holders will be beneficiary holders of that joint account. The Demat account number of the beneficiary holder(s) is known as the BO Id. A DP id is the number of the depository participant allotted by the depository
Converting the securities held in physical form (certificate) to an equivalent number of Securities in electronic form and crediting the same to the investors demat account. Dematerialized securities do not have any certificate number or distinctive numbers and Are dealt only in quantity i.e. the securities are fungible. Dematerialization of the clients holding is not mandatory. Clients can hold their security Either in demat form or in Physical form. They can also keep part of their holdings (in The same scrip) in demat form or in physical form. However a select list of securities Announced by SEBI can be delivered only in demat form in the stock Exchange connected 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 this 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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Speed
Get the latest quotes of scripts on most of online share trading companies and place an order instantly at the same time and it will take just 4-5 seconds.
Control
During trading or investing in share and others, there is order Confirmation instantly. This assures that you have indeed placed an order at the price you wanted.
Transparency
You will get all the confirmation instantly that you have indeed placed an order at the price you wanted. So transparency is also more.
Mutual Funds
Now a days you can buy and sell Mutual Funds online without filling application forms every time. And you can also take advantage of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) which allows you automatic periodic investments in any Scheme.
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Derivative Trading
You can stabilize the return on your portfolio against Market Movement by investing in derivatives.
Online IPOs
Invest in IPO online without going through the Hassle of filling of any application form or Paperwork. On allotment, shares and Bonds are directly credited to the Demat Account.
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.
Sharekhan Ltd. is one of the leading retail stock broking house of SSKI Group, which is running successfully since 1922 in the country. It is the retail broking arm of the Mumbai-based SSKI Group, which has over eight decades of experience in the stock broking business. Sharekhan offers its customers a wide range of equity related services including trade execution on BSE, NSE, Derivatives, depository services, online trading, investment advice etc. 22
With a legacy of more than 80 years in the stock markets, the SSKI group ventured into institutional broking and corporate finance 18 years ago. Presently SSKI is one of the leading players in institutional broking and corporate finance activities. SSKI holds a sizeable portion of the market in each of these segments. SSKIs institutional broking arm accounts for 7% of the market for Foreign Institutional portfolio investment and 5% of all Domestic Institutional portfolio investment in the country. It has 60 institutional clients spread over India, Far East, UK and US. Foreign Institutional Investors generate about 65% of the organizations revenue, with a daily turnover of over US$ 2 million. The Corporate Finance section has a list of very prestigious clients and has many firsts to its Credit, in terms of the size of deal, sector tapped etc. The group has placed over US$ 1 billion in private equity deals. Some of the clients include BPL Cellular Holding, Gujarat Pipavav, Essar, Hutchison, Planet Asia, and Shoppers Stop. SSKI has been voted as the Top Domestic Brokerage House in the research category by Euro Money Survey and by Asia Money Survey. The firm is online trading and investment site - www.sharekhan.com - was launched on Feb8, 2000. The site gives access to superior content and transaction facility to retail customers across the country. Known for its jargon-free, investor friendly language and high quality research, the site has a registered base of over one-lakh customers. The content-rich and research oriented portal has stood out among its contemporaries because of its steadfast dedication to offering customers best-of-breed technology and superior market information. The objective has been to let customers make informed decisions and to simplify the process of investing in stocks. On April17, 2002 Sharekhan launched Speed Trade, a net-based executable application that emulates the broker terminals along with host of other information relevant to the Day Traders. This was for the first time that a net-based trading station of this caliber was offered to the traders. In the last six months, Speed Trade has become a de facto standard for the Day Trading community over the net. Sharekhans ground network includes over 640 centers in 280 cities in India, which provide a host of trading related services. Sharekhan has always believed in investing in technology to build its business. The company has used some of the best-known names in the IT industry, like Sun Microsystems, Oracle, Microsoft, Cambridge Technologies, Nexgenix, Vignette, Verisign Financial Technologies India Ltd, Spider Software Pvt. Ltd. to build its trading engine and content. The Morakhiya family holds a majority stake in the company. HSBC, Intel & Carlyle are the other investors.
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These are the wide-raging services offered by the share khan to its customers. And most importantly. Share Khan is blessed with well-dedicated sales wings, who are looking after the various needs of the customers in a committed manner and which provide the customers with tremendous amount of satisfaction and happiness about their investment.
Sharekhan is infact Among the top 3 branded retail service providers No. 1 player in online business Largest network of branded broking outlets in the country serving more than 7, 00,000 clients.
NATURE OF BUSINESS
Sharekhan is a broking company. The company offers a complete range of pre trade, trade and post trade service on the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange). Whether the client come in to the companys conventionally located officers and trade in a dedicated ambience or issue instructions over the phone, our highly trained team and sophisticated equipment ensure smooth transactions and prompt service. Investment Advisory Service Facilitate Services to Retail Investors, Corporate. Depository Services Investment options includes : 1. Online trading (Includes equity, derivatives) 2. Commodities trading 3. Mutual Funds 4. Portfolio management Services Sharekhan Branches are conceptualized to be place where investors can meet investment opportunities in an atmosphere of convenience and comfort. Our services are available through our network of 510 Share Shops spanning 170 major towns and cities in the country. Professional seeks to educate clients and end their confusion by custom an Investment Plan according to the needs of clients and is today a part of companys induction program advising employees on how to plan their investments.
Sharekhan as a member of NSE & BSE provides both offline and online trading facilities nationwide for trading the securities in secondary market to its clients. The Companys wide network of outlets spread across the country facilities to executive the orders in secondary market.
3. Depository Services:
Sharekhan is a Depository participant of National Securities Depository Limited and Central Depository and securities Limited. Sharekhan will open De-mat accounts, which will investors to convert physical certificates of shares into electronic balances in an account maintained.
4. Margin Financing:
In the present rolling settlement scenario, Sharekhan understand investor need for additional capital availability for daily purchaser shares. It offers unique facility avail finance, for purchasing shares at very competitive interest rates.
7. Equity Research:
Sharekhan has a highly rated research using involved in macroeconomic studies, industry and company specific equity research. The research teams inputs will be available as daily trading calls, quarterly investment picks and long-term investment picks, based on the fundamentals of particular company and the industry as whole.
8. Internet Trading:
Investors can also trade their securities through this facility by logging into companys website. The virtual world that Sharekhan offers online trading services through.
Live streaming quotes Instant order execution and conformation Price alerts Single Screen for equities and derivatives Multiple market watch windows Real-time portfolio tacking
a. b. c. d. e. f. g. h. i.
Free access to investment advice, from Sharekhan research team. Sharekhan value line ( A monthly publication) Daily research reports and market review. Daily trading calls based technical analysis Cool trading products. (Daring derivatives and market strategy) Personalized advice. Live management information. Internet based online trading session. Online BSE and NSE executions through BOLT & NEAT terminals.
Nature of Business
Services
Depository Services, Online Services; and Technical Research. Over 3500 Data Not Available www.sharekhan.com Your Guide to the Financial Jungle
Dinesh Murikya
Tarun Shah
Shankar Valiya
Director (Operations)
Jaideep Arora
Pathik Gandotra
Head of Research
Rishi Kohli
Nikhil Vora
ORGANISATIONAL STRUCTURE
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Sharekhan practices customer centric approach to be leading broking Firm. The Company Vision is: To be the top most company for providing investment advisory and financial planning services in India.
To be a leading investment intermediary for transaction through both online and offline medium.
MISSION
To educate and empower the individual investor to make better investment decisions through quality advice, innovative products and superior service.
Superior service
Integrity Transparency Professionalism Information product, news, operations Hassle free trading
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Enjoyable experience our goals is to accomplish top most position in both online and offline medium of trade and to remain a customer centric organization.
QUALITY OBJECTIVES
Objectives represent, what needs to be an accomplished in order to reach the goals. To increase the customer base of investors to invest in all kind of securities. Sharekhan has one among the largest network of outlets of the either trading firms with 180 outlets.
retain the existing consumers with research backed advice and personalized care the needs of the consumer.
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The brokerage applicable is 0.50% on delivery and 0.1 for intraday trading.
Online trading account for investing in Equities and Derivatives Integration of: Online trading + Bank + Demat account
Instant cash transfer facility against purchases and sale of shares Instant order and trade confirmation by e-mail IPO investments Single screen interface for cash and derivatives
1. SHAREKHAN SPEED TRADE ACCOUNT: This account is active traders who trade frequently during the days session. Following are few popular features of Speed Trade account. Single screen interface for cash derivatives Real-time streaming quotes with Instant order Execution and Confirmation Hot keys similar to a traditional broker terminal
3. OTHER SERVICES:
DIAL-N -TRADE
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Along with enabling access for trade online, the CLASSIC and SPEEDTRADE ACCOUNT also gives Dial-n-trade services. With this service, one can dial Share khans dedicated phone lines 1800-22-7500, 3970-7500. Beside this, Relationship Managers are always available on Office Phone and Mobile to resolve customer queries.
SHARE MOBILE
Sharekhan had introduced Share Mobile that is mobile-based software where one can watch Stock Prices, Intra Day Charts, Research & Advice and Trading Calls live on the Mobile. (As per SEBI regulations, buying-selling shares through a mobile phone are not yet permitted.)
PREPAID ACCOUNT
Customers pay Advance Brokerage on trading Account and enjoy uninterrupted trading in their Account. Beside this, great discount are also available (up to 50%) on brokerage. Prepaid Classic Account: - Rs. 2000 Prepaid Speed trade Account: - Rs. 6000
IPO ON-LINE
Customers can apply to all the forthcoming IPOs online. This is quite hassle-free, paperless and time saving. Simply allocate fund to IPO Account, Apply for the IPO and Sit Back & Relax.
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/(Rs 500/- per month of speed trade A/c. If Brokerage is Rs 1500/- of 3 month then RS 500/- will be off and if not then Rs1500/- and brokerage will charged.)
Odin Terminal
In Classic A/c Terminal is waive based and it shows 5 portfolio. You can see only 26 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 can see 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 the charge per script is Rs. 22
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Bank relationships
Sharekhan has affiliation with 11 banks, which allows its customers to enjoy the facility of instant credit and transfer of funds from his savings bank account to his Sharekhan trading account. The affiliated banks are as follows:
HDFC BANK UTI BANK CITY BANK ICICI BANK OBC BANK UNION BANK INDUSAND BANK IDBI BANK CENTURION BANK AXIS BANK YES BANK
ADVANTAGES OF SHAREKHAN
Online trading is very user friendly and one does not need any software to access. They provide good quality of services like daily SMS alerts, mail alerts, stock recommendations etc. Sharekhan has ability to transfer funds from the most banks. Unlike ICICI Direct, HDFC Sec, etc., so investor not really needs to open an account with a particular bank as it can establish link with most modern banks.
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ACHIEVEMENTS OF SHAREKHAN
It is rated amongst the top 20-wired companies along with Reliance, HUJl, Infosys, etc by Business Today, January 2004 edition. India has most preferred brokers within 5 years.
It has been awarded Top Domestic Brokerage House four times by Euro money and Asia money It is one of the pioneers of online trading in India amongst the top three online trading websites from India. It is the most preferred financial destination amongst online broking customers. It has won the award for Best Financial Website.
To set up Branches / Semi branches servicing affluent / aggressive traders through high skill financial advisor.
To begin 250 independent investment managers/ franchisee servicing 50,000 highly valued clients.
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PROBLEM OF ORGANISATION
As it is a Mumbai based company that is why common masses are not aware properly about this, it needs more advertisement in the new region. Sharekhan ltd. cannot reduce the brokerage rate, which is already so high in the market that is why they lose many opportunities. Its online banking facilities is not so effective, it needs to be improved. Some people do not respond well. Products are very costly. Lack of contacts It has to face a highly competitive market to sell the products. Lacks product training Selling of a single product People have less faith on the stockholders.
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SWOT ANALYSIS
STRENGTHS End-user sales control and direction. Right products, quality and reliability. Superior product performance vs. competitors Better product life and durability Some staff has experience of end user sector. Have customers lists. Direct delivery capability. Product innovations ongoing. Can serve from existing sites. Products have required accreditations. Processes and IT should cope Management is committed and confident
WEAKNESSES Customers lists not tested Some gaps in range for certain sectors We would be a small player
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OPPPORTUNITIES Could develop new products THREATS Local competitors have poor products Profit margins will be good End-users respond to new ideas Could extend to overseas New specialist applications Support core business economics Could seek better supplier deals
No direct marketing experience We cannot supply end-users abroad Need more sales people Limited budget No pilot or trail done yet Do not have a detailed plan yet Delivery-staff need training Customer service staff needs training Processes and systems, etc.
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India info line was founded in 1995 and was positioned as a research firm. In 2000 ebroking was started under the brand name of 5 paisa.com. Apart from offering online trading in stock market the company offers mutual funds online. 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.
Brokerage
Trading 0.10% each side + ST Delivery 0.50% each side + ST 42
Brokerage
Trading 0.10% each side + ST Delivery 0.50% each side + ST (Negotiable to 0.05% each side & 0.25%)
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INDIABULLS
Equity and Derivatives- Ease, Convenience Reliability- It all starts here. Investment services as individual as you are. India bulls Financial Services Ltd. is a public company and listed on the National Stock Exchange, Bombay Stock Exchange, Luxembourg Stock Exchange and London Stock Exchange. The company ranks at 82nd position in The list of most valuable companies in India has a market capitalization of approx US $ 800 million. The consolidated net worth of the company is approx US $ 400 million. Through various types of brokerage accounts, India bulls offers the purchase and Sale of securities which includes Equity, Derivatives and Commodities Instrument Listed on National Stock Exchange of India Ltd. (NSEIL), the Stock Exchange, Mumbai (BSE) and NCDEX.
Demat+Trading account opening chargesFor Offline A/c opening- 700/For Online A/c opening- 1450/(An Offline Demat A/c holder cannot do online trading)
Signature Account
Account Opening: Rs 250 Demat: Rs 200 if POA is signed, No AMC for this DP Initial Margin: NIL Brokerage: Negotiable
PAID Research
Scheme WebBased-1-Month-500: WebBased-1-Year-6000 PrintReport-1-Month-750: PrintReport-1-Year-9000: Facility View & Print on website View & Print on website View & Print on website + 10 Reports Delivered View & Print on website + 10 Reports Delivered
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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
For intraday trading - 5 10 times For 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 provide 2. A trader can find out the information about share market only by to call Dealers 3. Account opening time- One Weak 4. Online & offline trading facilities are different.
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ICICI direct.com
ICICIDirect (or ICICIDirect.com) is stock trading company of ICICI Bank. Along with stock trading and trading in derivatives in BSE and NSE, it also provides facility to invest in IPOs, Mutual Funds and Funds. CUSTOMER SERVICE FEATURES: With ICICI direct Customer Tools &Updates you can trouble shoot all your Problems online. It is a Market Player. TYPES OF ACCOUNT ICICIDirect offers 3 different online trading platforms to its customers: 1. SHARE TRADING ACCOUNT: Share trading account by ICICIDirect is mainly for buying and selling of stocks in BSE and NSE. This account allows cash trading, Margin trading, Margin plus trading, spot trading, buy today sell tomorrow and Call and Trade on phone. They also provide installable application for high volume trader. 2. WISE INVESTMENT ACCOUNT: Along with stock trading and IPO investing in BSE and NSE, wise investment account also provide options to invest in Mutual Funds and Bonds online. Online Mutual Funds investments allows investor to online in around 19 mutual fund companies.ICICI Direct offers various options while investing in mutual funds like purchase mutual fund, redemption and switch between different schemes, systematic investment plans, systematic withdrawal plan and transferring existing mutual funds in to electronic mode. This account also provides facility to invest in Government of India Bonds and ICICI Bank Tax Saving Bonds. ICICI Direct.com website is the primary tool to invest in Mutual Funds, IPOs, Bonds and stock trading. 3. ACTIVE TRADER ACCOUNT: 47
Active trader account gives more personalized investment options to the investors. It allows investors to use online and offline stock trading. It also provides with independent market expertise and support through a Dedicated Relationship Manager from ICICI. Active Trader also provides commodity trading.
Advantages of ICICIDirect.com:
1. 3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICI and very well integrated. This feature makes ICICI the most interesting players in online trading facility. There is absolutely no manual interfere require. This is truly online trading environment. 2. Unlike most of the online trading companies in India which require transferring money to the brokers pool or towards deposits, at ICICIDirect you can manage your own demat and bank accounts through ICICIDirect.com. Money from selling stock is available in ICICI bank accounts as soon as the ICICIDirect receive it. 3. Investment online in IPOs, Mutual Funds, GOI Bonds and postal savings schemes all from one website. General Insurance is also available from ICICI Lombard. 4. Trading is available in both BSE and NSE.
Disadvantages of ICICIDirect.com
1. Getting access to ICICIDirect.com website during market session can be frustrating. 2. ICICIDirect brokerage is high and negotiable. 3. Not all stocks are available under margin plus.
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Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, was set up in 1994. Kotak Securities is a corporate member of both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, Kotak Securities is one of the largest broking houses in India with wide geographical reach. Kotak securities online trading, is the online trading portal of the Kotak Securities Ltd, the leading stock broking house of India. The online division of Kotak Securities Limited provides services like internet broking services, online IPO and mutual fund investment Kotak Securities Ltd. is India's leading stock broking house with a market share of around 8%. Kotak Securities Ltd. has been the largest in IPO distribution. Kotak Securities Limited manages assets over 2500 crores of Assets under Management (AUM).
Type of account:
Kotak offers different account types according to users requirement:
1. Kotak Gateway
Kotak securities gateway account opens the gateway to a world of investing opportunities for beginners. Kotak gateway user can trade anywhere, anytime using internet. Kotak also offers call and trade facility. They provide sms alert, research report, free news and market updates. Best feature of Kotak gateway is call and trade facility. Anybody can activate Kotak securities gateway account with any amount between Rs 20,000 to 5, 00,000. This 50
can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less than 25 lakh and .023% for more than 25 crores.
4. Kotak Freeway
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Frequent trader use this account type because freeway account enables its users to trade as many times as they like - at a fixed brokerage. One can activate Kotak securities freeway with any amount less than Rs. 1, 25,000/- as margin, by way of cash or stock. They charge fixed brokerage of Rs.999/- a month and on delivery transaction brokerage is .59% on less then 1lakhs and .18% on more than 2 crores.
5. Kotak Flat
This product is best suited for the needs of the Indian retail investor who actively invests through the internet. Kotak flat introduces the international trend of charging brokerages on per trade basis. Brokerage rate works up to 0.18% on delivery trades and 0.018% for intraday trades.
6. Kotak Assist
This account most suits to long term investors. This account provides complete assistance on all your financial investment.
Brokerage:
1. For Intra-day trading, Kotak brokerage is around 0.05%. 2. For delivery trading, Kotak brokerage is around 0.45%.
Pricing of Kodak:
Account Opening: Rs 500/Demat: Rs 22.5 p.m. Initial Margin: Rs 5000/- (Compulsory) Min. Margin Retainable: Rs 100/52
About HDFC Securities Ltd HDFC Securities is a brand brought to you by HDFC Securities Ltd, which has been promoted by the HDFC Bank & HDFC with the objective of providing the diverse customer base of the HDFC Group and other investors a capability to transact in the Stock Exchanges & other financial market transactions. Online trading for Resident & Non Resident Indians. Cash-n-Carry on both NSE and BSE. 53
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 your Requirements .State-ofthe-art technology backing the safety features in all Our transactions.
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
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Religare Securities Limited, a Ranbaxy Promoter Group Company, was founded by late Dr. Parvinder Singh (CMD Ranbaxy Laboratories Limited), with the vision of providing integrated financial Care driven by the relationship of trust & confidence. To realize its vision the Religare group provides various financial services which Include broking (stocks & commodities), depository participant services, and portfolio Management services, advisory on mutual fund investments and many more. Today, it provides various financial services which include Investment Banking, Corporate Finance, Portfolio Management Services, Equity & Commodity Broking, Insurance and Mutual Funds. Plus, theres a lot more to come your way. 55
Religare Today
An ISO 9001:2000 Company Member of National Stock Exchange (NSE) since November 1994, first deposit Based 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
Individual Client:
Demat A/c opening charges- Two schemes are there: Classic Plan: 1) 2) 3) R-ACE Basic Account activation charges Rs.299 Minimum margin of Rs.5000 required. Earn interest on cash margin (up to 3%) Trading A/c free for life time. Lifetime free DP account (No Annual Maintenance charge) 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. R-ACE PRO (Professional) Account activation charges Rs.999 Minimum margin of Rs.10, 000 required. Earn interest on cash margin (upto 3%) Trading A/c free for life time. Traders terminal on your desktop (customization) 56
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 (Prepaid Brokerage).It involves four plans: 1) 500 (Monthly) 2) 1400 (Quarterly) 3) 2500 (Half Yearly) 4) 4000 (Yearly) Features: 1. Account opening charges: Rs.500 2. Annual Maintenance charges: Rs.250 3. Brokerage a) Intraday: 0.02 - 0.05% b) Delivery: 0.2 - 0.5%
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COMPARISION
Sharekhan ICICIdirect Indiabulls .com .com 750/- for classic and 1000/- for 750/speed trade Kotak securities HDFC securities Religare Securities
1200/-
550/-
750/or 799/-
299/-
Demat a/c Free 1st Free charges year and year 300/- P.A. 300/from 2nd from year year
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www.shar
www.icicidi
www.india
Website
ekhan.com rect.com
bulls.com
www.kota kstreet.co
www.hdf
www.hm
csec.com
rstreet.com
m 0.05% (intraday) Brokerage 0.50% (delivery) 0.1%-0.5% (interday) 0.42%0.85% (delivery) yes 0.3%0.5% (interaday) 0.30%0.50% (delivery) 0.05% (intraday) 0.45% (delivery) 0.15% (interday) 0.5% (delivery) 0.6% (interday) 0.5% (delivery)
SMS Alerts
yes
----
----
100 p.m.
No
Research Design
Sample Design
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Data Collection
Data Analysis
Report of Findings
To know about the stock brokers and share market To study about the effectiveness and efficiency of sharekhan ltd in relation to its competitors To study about whether people are satisfied with sharekhan services and management system or not To aware the clients about the services of the Share khan.
The Broad objective of the project is to make clients and let them know about the different services offered by the Share khan. Also to convince them about how Share 60
khan services out score their rivals and how in future they will be benefited from the services offered by Share khan. This project will accomplish to understand the problem faced by the existing client and find ways to solve their queries at your level otherwise let the above level know about their problem. We have to be in regular contacts with our clients so that we come to know about the problem they are facing. This also helps us to multiply our clients by getting the further references. By this we are able to make a chain of the customers, which expands as we satisfy their needs.
RESEARCH METHODOLOGY
Research methodology is a way to systematically solve the research problem. The research methodology included the various methods and techniques for conducting a research. Marketing Research is a systematic design, collection, analysis, and reporting of data and finding relevant solution to a specific marketing situation or problem. Sciences define research as the manipulation of things, concepts or symbols for the purpose of generalizing to extend, correct or verify knowledge, whether that knowledge aids in construction of theory or in practice of an art. Research is thus, an original contribution to the existing stock of knowledge marketing for its advancement, the purpose of research is to discover answers to the questions through the application of scientific procedure. My research project has a specified framework for collecting the data in an effective manner. Such framework is called Research Design. The research process which was followed by me consisted following steps.
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1. Defining the problem & Research Objectives It is said, A problem well defined is half solved. The step is to define the project under study and deciding the research objective. The definition of problem includes the analysis of competitors with Sharekhan. A. Developing the Research Plan: The second stage of research calls for developing the efficient plan for gathering the needed information. Designing a research plan calls for decision on the data sources, research approach, research instruments, sampling plan and contacts methods. The research is descriptive in nature and is aimed at analyzing the effectiveness and efficiency of sharekhan in relation to its compititors.
ii.
Secondary Data: Indirect collection of data from sources containing past or recent information like, Annual Publications, Books, Newspaper and Magazines etc.
B. Research Approach Surveys are best suited for Descriptive Research. Surveys are undertaken to learn about peoples knowledge, beliefs, preferences, satisfactions and so on. Therefore I have done this Survey for the Descriptive Research Process. C. Research instrument A close friend questionnaire was constructed for my survey. A Questionnaire consisting of a set of questions was presented to respondents for their answers. 2.Sampling Plan
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Sampling Technique: The selection of the respondents was done on the basis of simple random sampling. Sampling unit: Who is to be surveyed? The target population must be defined that has to be sampled. It is necessary so as to develop a sampling frame so that everyone in the target population has an equal chance of being sampled. The sampling unit of this project was drawn from people having different educational qualifications, occupations and age group. Sample Area: DEHRADUN CITY Sample Size: How many people have to be surveyed? Generally large sample gives more reliable results than small samples. The sample consisted of 30 respondents. 3.Contact Methods Once the sampling plan has been determined, the question is how the subject should be contracted i.e. by telephone, mail or personal interview. Here in this survey, I have contacted the respondents through personal interviews. 4.Collecting the information The collection of data is a tedious task. For conducting any sort of research. data was needed. So for my research, there was plenty of primary data and for increasing the validity of information collected, some books, journals, pamphlets, information about the company were studied and taken into considerations. After this, I have collected the information from the respondents with the help of questionnaire. a. Collection of Primary Data: Primary Data is the data collected from the original source. In my survey and study, there was optimum availability of primary data because every aspect was witnesses carefully at each point. Questionnaire and personal interviews were the main instruments, which were used for collecting primary data. b. Collection of Secondary Data: Secondary Data is the one which has already been collected by someone else and some other person is using that information. The source of secondary data was, some related books and websites related to the company . The competent staff of the company helped me a lot in providing information about the bank. 5.Analyze the Information
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The next step is to extract the pertinent findings from the collected data. I have tabulated the collected data and developed frequency distributions. Thus the whole data and developed frequency distributions. Thus the whole data was grouped aspect wise and was presented in tabular form. Thus, frequencies and percentages were prepared to render impact of the study. 7.Presentation of findings: This is the last and important step in the research process. The findings are presented in the form of graphs, charts, conclusions, suggestions and recommendations after data analysis. Detail: Size of Data Area Type of Data Industry Respondent
: : : : :
(a)
No. of persons
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Interpretation: Out of the total sample size of 50 investors, 58% were male and 42% constituted female investors.
No of Persons 10 6 3 2 2 65
of
45-50 50-55
3 4
10% 13%
Interpretation:
The survey shows that majority of employed professional investors are in between the age group of 20 to 25 and 25 to 30.
No of persons 27 3
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Interpretation:
The analysis made showed that more than 90% of those who are interested in online trading are employed. Among the employed sample, 90% of the individuals are salaried and the rest (10%) are self employed.
(d) Percentage of annual income reserved for investment by the investors: Attributes
Less than 5%
No. of Persons 8 10 4 5 2
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3%
Interpretation:
Majority of the investors (33%) intend to invest 5% to 10% of their income in investment channels with. This is closely followed by those (27%) who intend to invest less than 5% of their income. 17% of the investors intend to invest 15 to 20% of their income. Since majority of the investors are interested in equity shares as inquired above, and they also consider investing up to 20% of their income, it brings out the potentiality amount the investors are ready to spend on online trading and Dematerialization. (e) Who influence the investors investment decision:
Attributes personal choice Broker /Agent Personal Banker Friends/Relatives Advertisement Others
No. of Persons 15 1 2 9 3 0
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Interpretation:
Personal choice influences the most i.e. 50% of investors to make an investment decision, which can be clearly understood from the investors profiles as most of them are salaried, holding professional jobs and residing in Dehradun. Friends and relative influence 30% of the investors. Parents influence only 10% of the investors. Lastly, personal bankers and brokers influence only 7% and 3% of the investors respectively.
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INTERPRETATION:
45% people said that they are aware about sharekhan as a brand while 55% people do not heard about sharekhan.
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Interpretation:
This indicates that 25%% of the investors who own Demat account indulge in online trading on a yearly basis, 40% on monthly basis, 20% on fortnight basis and 15% on a weekly basis.
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INTERPRETATION
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 be they 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.
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Interpretation:
The survey shows that, investors who are aware of Demat, 27% own a Demat account at ICICI direct. 20% have their account in Sharekhan. Rest of the investors, have their account in kotak Mahindra, India bulls Religare sec and HDFC securities ltd. With 5%, 20%, 15% and 13% each.
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Interpretation:
ICICI Direct is the market leader. Sharekhan is rated the second best broking firm by the customers then after follow indiabulls, religare, kotak mahindra, and HDFC sec
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Interpretation:
Almost, all the people(88%) satisfied with their current broker.
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FINDINGS:
There is a huge potential for online share market. Online share trading and Demat services are considered to be a convenience factor The brand visibility of financial institutions providing online trading and Demat services is very low. Quality of service is the most influential aspect of a bank / broking agency that appeals the investor Sharekhan believes in zero marketing as a result there is very less awareness about the company. ICICI Direct is the biggest competitor of Sharekhan as well as India bulls. Sharekhan is the fastest emerging broking firm in comparison to all. Sharekhan is rated the second best broking firm by the customers.
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SUGGESTIONS:
Online trading is beneficial to investors but it is very expensive, so, the organizations should provide the depository services with low cost. Since more and more companies are planning to enter into online trading, quality of service should be continuously updated Sharekhan should be more focused on marketing: advertisement may include giving ad in newspaper as well as in television, sponsoring events held in management colleges, organizing events which involve the participation from the corporate. Sharekhan should come out with schemes for corporate. Openings demat account is not enough, they should follow the customer even once the sale is being done and thus retains the customer. Sharekhan should open a bank of their own or they should go for more tie ups with other banks like central bank of India, state bank of India, etc. They should develop a program for the checking up of the forms filled for the opening of D-MAT account. They should go for more reliable researches so that the people are less prone to risk and they can easily invest their money in stock market.
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Expenses not Provided Expenses which were incurred to get the information were not provided by the company. Finding Accurate Data There was a pressure to present only accurate data not fake which took lots of time in proving that the data was accurate. People do not Ready to Give Information:- People who were approached were reluctant to provide the information due their busy work.
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Market Time:- There was the biggest problem as we could contact our Assistant Manager only after the share market closed and they completed their work and settlements that is after 4 P.M. Limited Area:- The study involves only 30 employed investors chosen at random which may not be the true representative of the population. Hence cannot be generalized.
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CONCLUSIONS
According to the survey conducted, it is concluded that people prefer online trading over offline trading. It is not that they have more transparency in online trading, but be they are able to see their trade being done and also can see the ups and downs of market every minute. People of every age group are able to get knowledge of computers also through online trading. It keeps it process more transparent. Investors are looking for those investments where they get maximum returns with less investment. Market is becoming complex and its means that the individual investor will not have the time to play stock game on his own. People are not so much aware about the investment options available in the market.
Institutions like sharekhan have playing their roles by educating customers and giving them services so that investors can manage their money profitably and also making them aware of online trading facilities.
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QUESTIONNAIRE
Respected Sir/Madam, I am doing a research on a topic Core Competence of Sharakhan for the fulfillment of my B.B.A. degree. It will require few minutes of your precious time. Q1. Your Education? (a) High school (b) Graduate (c) Professional (d) Other Q2. What is investment? (a) A method to propel the money. (b) A method to earn money. (c) Money appreciation against inflation. (d) Money saving. Q3. What do you think about appropriate age of investment? (a) 20-25 years (b) 25-30 years (c) 30-35 years (d) 40-45 years (e) 45-above Q4. What is your occupation? (a) Salaried (b) Self-Employed Q5. What % of your annual income do you invest? 81
(a) 10% of annual earnings. (b) 20% of annual earnings. (c) 30% of annual earnings. (d) 40% of annual earnings. Q6. How do you take decisions to invest? (a) According to your wish. (b) According to experts or brokers. (c) According to friends or relatives advice. (d) According to advice of personal banker (e) Inspired by advertisement
Q7. Are you aware of Share khan as a brand? (a) Yes (b) no Q8. What mode of trading concerned you prefer? (a) Online (b) Offline Q9. How often do you trade? (a) Daily (b) Weekly (c) Monthly (d) Yearly Q10. With which company do you have your DEMAT account? (a) sharekhan (c) ICICI direct (b) kotak Mahindra (d) India bulls (e) others
Q11. How do you rate these share trading companies? (a) Sharekhan (b) ICICI direct (c) India bull (d) Kotak Mahindra (e) HDFC sec (f)Religare sec. 82
Q12. Are you currently satisfied with your share trading company? (a) Yes (b) no Q.13. Do you recommend Sharekhan to others? (a) Yes (b) no
BOOKS:
Research Methodology -C.R. Kothari Finance Management
WEBSITES:
www.sharekhan.com www.icicidirect.com www.kotakstreet.com www.hdfcsecurities.com www.equitymaster.com 83
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