( BATHINDA BRANCH )

PROJECT TITTLE

ON DEMAT ACCOUNT & ITS CONCEPT

UNDER GUIDANCE OF
MR. ROOP LAL THAKUR (BRANCH MANAGER)
PRESENTED BY:
SANDEEP MISHRA M.B.A
( 3rd sem )

It is a matter of great pleasure for me to be associated with Religare Securities Ltd.

I, SANDEEP MISHRA hereby would like to thank the team of Religare Securities
Ltd, Bathinda Branch, for their cooperation during my project work.

I would like to thank Mr. ROOP LAL THAKUR (BRANCH Manager) for giving me this
opportunity. I am also thankful to Mr. AMARJIT SINGH (RM) and Mrs.SARBJIT KAUR
and Mr. LALIT KUMAR ( RM) for providing overall guidance.

Finally, I am thankful to other faculty members for the continuous support during the course of
project.

This project report is the result of my 7 weeks of the training. Summer internship is an integral
part of the PGDM course, which the student has to undergo and it aims at providing a first hand
experience of the company to the student.

This practical experience helps the students to view the real business closely and correlate the
theoretical concepts better. I am really fortunate for getting an opportunity to have this learning
experience with Religare Securities Ltd Bathinda.

I found that practical application of various concepts is more interesting than theoretical learning.

Executive summary

Company profile.....
Corporate structure.
Business structure,..
Investment product.....
Products of religare......................................................
Plans of religare..
Competitors of religare...
Meaning of symbol of religare...
Process of opening an account.......
Process of closing trading account.....
Process of closing D-MAT account......

Where people do invest money.

Stock trading(Equities)
Basic concepts....
Stock exchange...
Function of stock market....
Commodity market.....
Indices (Sensex)..
Nifty....
Trade types...
Proposed offering of religare.....
What is D-MAT....
Types of account.......

derivatives......
Options.....
Mutual fund.....
IPOs.

Religare securities ltd is in the process of increasing its presence in India. It is trying to identify
potential opportunities in the major cities of India.

Being with Religare securities ltd as a summer trainee for 7 weeks has given me a key learning
in the area of share market. I learnt about the D-MAT A/C . I learnt share market and its factores
affecting indian share market.

Religare a company promoted, controlled and managed by the promoters of Ranbaxy was
founded with the vision of providing integrated financial care driven by relationship of trust. To
realize its vision, the company provides both, fund-based and non-fund based financial services
to its clients. These services include Broking (Stocks and Commodities), Depository Participant
Services, and Advisory on Mutual Fund Investments. The clients of the company greatly benefit
by its strong research capability, which encompasses fundamentals as well as technicals.

Religare provides integrated financial solutions to its corporate, retail and wealth man-agement
clients through Religare Securities Limited, Religare Finvest Limited, Religare Commodities
Limited and Religare Insurance Broking Limited. Today, we provide 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.

Religare in recent past has been constantly innovating in terms of the product and

services, which it offers, and in this respect it has started a premium NRI, FIs, HNIs, and
Corporate Servicing group. This group specifically caters to the growing investment needs of

these premium client categories by taking all their portfolio investment decisions depending
upon their risk / return parameter.

Religare has a very credible team in its Research & Analysis division, which not only
caters to the needs of our Institutional clients but also gives valuable input to Investment
Dealers / Investors.

Religare is also giving in house depository services to its clients and it is amongst the
leading Depository service providers in the country managing more than Rs. 6000 crores
worth of shares under its electronic custody.

Religare among capital market investment fraternity has carved a niche in per-formance
levels. We endeavor constantly to our motto of providing customized services to our
clients.

Religare Enterprises Ltd. LIVE on BSE (View

NSE)
Volume
841
Prev close
304.70
Day's H/L (Rs.)
309.00 - 300.80
52wk H/L (Rs.)
411.50 - 295.60
Mkt Cap
5,509.47

Registered & Corporate Office

Registrar & Share Transfer Agent

19, Nehru Place, , , New Delhi, Delhi - 110019 Karvy Computershare Private Ltd
Tel: 30815100/66552200, , ,

Plot No. 17-24, Vittal Rao Nagar, Madhapur,

Fax: 30815288,

Hyderabad - 500081, Andhra Pradesh.

Email: investorservices@religare.in

Tel: 23420818, 23420824

Website: www.religare.in

Name

Designation

Malvinder Mohan Singh

Chairman / Chair Person

Sunil Godhwani

Managing Director & CEO

Ravi Batra

Company Secretary and Compliance Officer

Other Details
Business Group

Ranbaxy Group

Industry

Finance - General

BSE Code

532915

NSE Code

RELIGAREEQ

Listings

BSE , NSE

ISIN No.

INE621H01010

Religare Enterprises Limited, a Ranbaxy Promoter group company is driven by ethical and
dynamic processes of wealth creation.

Through its subsidiaries provides complete financial services across all segments of institutional,
corporate, high net-worth and retail clients.

Religares operations are managed by highly skilled professionals who subscribe to philosophy of
managing relationships on the basis of trust and confidence.
Religare has a pan India reach through zonal and branch offices spread across length and breadth
of the country.

Board Of Directors
S.No

Name

Designation

Mr. Sunil Godhwani (Chairman & Managing DirectorReligare Enterprises Ltd)

Mr. Ravi Mehrotra (Director)

Mr. Monish K Dutt ( Non-executive, Non-Independent Director

Mr. Virendra Kumar Madan (Non-executive, Non-Independent Director)

Mr. Arun Ramanathan ( Non-executive, Independent Director)

Mr. A. C. Mahajan (Non-executive, Independent Director)

Mr. R. K. Shetty (Non-executive, Independent Director)

Ms. Sangeeta Talwar (Non-executive, Independent Director)

Mr. Deepak Ramchand Sabnani (Non-Executive, Independent Director)

Mr. Padam Bahl (Non-Executive, Independent Director)

Mr. Harpal Singh (Non-executive Director)

KEY EXECUTIVE
S.No
1
2

Name
Mr.Sunil Godhwani
Mr.Ravi Batra

Designation
Managing Director & CEO
Company Secretary and Compliance Officer

Religare Enterprise Ltd is a Ranbaxy promoter group company

6 Regional offices
25 Zonal Offices
Present in 1000 location all over India
Present in 350 Cities & Towns
Total group employees 5,500 plus
Present in Retail, Wealth and Institutional Spectrum
Among the largest Retail brokerage branch network, present beyond Tier-I and Tier-II
cities in India
Overseas presence established in London, with aggressive plans of straddling other parts
of the globe in this financial year

Our Platforms Feature

Religare not only offers a platform that enables effortless buying and selling, but also provides
services and tools that help you make the most of the stock market.

Smart Stock Screener

The Smart Stock Screener, an intelligent tool offered by Religare, allows you to define a set of
criteria and parameters like minimum and maximum share price, dividend yield, PE ratio, etc.
according to your investment strategy.

Analyst Research
Since interpreting complex financial reports can be daunting at times, we provide crucial
information necessary to make informed decisions in an easy-to-understand format for our
customers.

Smart Portfolio Tracker

Say goodbye to hours of calculation and track the performance of your investments by gaining
up-to-the-minute movements of your holdings on our Smart Portfolio Tracker.

Account Fee

Diet

Brokage
delivery

interaday

100500

Free odin

0.1

0.01

75000/50000

chargeble

0.2

0.02

25000

chargeble

0.3

0.03

10500

chargeble

0.4

0.04

( note : it can be less if invester doing good bussness )

Indiabulls

HDFC mutual fund

ICICI direct.com

5Paisa.com

SMC

Reliance money

India infoline

Sharekhan

Kotakstreet.com

The name is paired with the symbol of a four-leaf clover , a rare mutation of the common threeleaf clover. Traditionally, it is considered good fortune to find a four leaf clover as there is only
one four-leaf clover for every 10,000 three-leaf clovers found.Each leaf of the four-leaf clover
has a special meaning in the sphere of Religare.

The first leaf of the clover represents Hope. The aspirations to succeed. The dream of
becoming. Of new possibilities. It is the beginning of every step and the foundations on
which a person reaches for the stars.

The second leaf of the clover represents Trust. The ability to place ones own faith in
another. To have a relationship as partners in a team. To accomplish a given goal with the
balance that brings satisfaction to all not in the binding but in the bond that is built.

The third leaf of the clover represents Care. The secret ingredient that is the cement in every
relationship. The truth of feeling that underlines sincerity and the triumph of diligence in every
aspect. From it springs true warmth of service and the ability to adapt to evolving environments
with consideration to all.

The fourth and final leaf of the clover represents Good Fortune. Signifying that rare
ability to meld opportunity and planning with circumstance to generate those often looked
for remunerative moments of success.

Hope. Trust. Care. Good fortune. All elements perfectly combine in the emblematic and
rare, four-leaf clover to visually symbolize the values that bind together and form the core
of the Religare vision.

What is a share?

Having a share of a company means you own a part (SHARE) of the company

Shares as IPOs

Initial Public Offering (IPO) is when an unlisted company makes either a fresh
issue of securities or an offer for sale of its existing securities or both for the first
time to the public.

The shares could be bought by fulfilling a simple formalities (online through

religare website)

Post IPO the shares are listed on a Stock Exchange a stock exchange is a place
where the already issued shares of a company are bought and sold.

There are 23 National and Regional stock exchanges in India

2 are National Level Stock Exchanges : National Stock Exchange of India Ltd (NSE) &
Bombay Stock Exchange (BSE) while rest 21 are Regional Stock Exchanges (RSE).

The Indices: An index is a benchmark that captures the movement of the share market.

S&P Nifty: NSE stock index comprising 50 scrips

Sensex: BSE stock index comprising 30 scrips

Stock Exchanges in India

NSE
National Stock Exchange

BSE
Bombay Stock Exchange

BSE - Bombay Stock exchange is one of the oldest stock exchanges in Asia with over 6,000
stocks listed

NSE - National Stock Exchange is one of the leading stock exchanges in India. The NSE has
been set up by leading institutions to provide a modern, fully automated screen based trading
system with national reach.

Market Timings:
Equity / Cash Market
Market Time will vary in case of Sun Outage informed by Exchange
National Stock Exchange: 09:55 a.m. 03:30 p.m. (Mon-Fri)
03:40 p.m. 04:00 p.m. (post close)

Bombay Stock Exchange: 09:55 a.m. 03:30 p.m.( Mon-Fri)

03:40 p.m. 04:00 p.m. (post close)

Raise resources for companies and business ventures through public issues.

Transfer of resources from those having idle resources (investors) to others who have a

need for them (corporates).

Provide channels for reallocation of savings to investments and entrepreneurship.

Securities in which one can invest:

Equity

Government Securities

Derivative products

Units of Mutual Funds

Commodities market is particularly significant to our country as India is essentially a commodity

based economy. The various commodities being traded on the exchanges include precious
metals, crude oil, agro-commodities etc.

Commodity Market - Exchange

MCX multi

commodity
exchange

NCDEX
National Commodity & Derivative
Exchange Limited

(Multi Commodity Exchange).

NMCE
National Multi - commodity Exchange
of India

Market Timings

MCX (Multi Commodity Exchange): 10:00 a.m. 11:55pm (Mon-Fri)

Saturday (10:00-14:00)

NCDEX (National Commodity and Derivative Exchange): 10:00 a.m. 11:55 pm(mon-Fri)
Saturday (10:00-14:00)

NMCE (National Multi Commodity Exchange of India): 10:00 a.m. 05:00pm(Mon-Fri)

Saturday (10:00-14:00)

Sensex:
It is an index that represents the direction of the companies that are traded on the Bombay Stock
Exchange, BSE. It captures the increase or decrease in prices of stocks of companies that it
comprises.
Currently, all the 30 stocks that make up the Sensex have reached a value of 15,355 points.
These companies represent the myriad sectors of the Indian economy. A few of these companies
and the sector they represent are: ACC (cement), Bajaj Auto, Tata Motors, Maruti (automobile),
Infosys, Wipro, TCS (information technology), ONGC, Reliance (oil & gas), ITC, HLL (fast
moving consumer goods) etc.

Each company has a weight assigned to it. Companies like Reliance, Infosys, and HLL have
higher weightages compared to others like HDFC, Wipro, or a BHEL.

The increase or decrease in Sensex, is the effect of a corresponding increase or decrease in the
stock market price of these 30 companies. Sensex is the benchmark that represents Indian equity
markets globally.

It is the Sensex's counterpart on the National Stock Exchange(NSE).

The only difference between the two indices (the Sensex and Nifty) is that the Nifty comprises of
50 companies and hence is more broad-based than the Sensex. The Nifty 50 or the S&P CNX
Nifty as the index is officially called has all the 30 Sensex stocks.

The NSE Nifty functions exactly the way as the BSE Sensex does.

What is Rolling/Normal Settlement?

Under rolling settlement all open positions at the end of the day mandatorily result in payment/
delivery n days later. Currently trades in rolling settlement are settled on T+2 basis where T is
the trade day.

For example: A trade executed on Monday is mandatorily settled by Wednesday (Considering

two working days from the trade day). The funds and securities pay-in and pay-out are carried
out on T+2 days.

A tabular representation of the settlement cycle for rolling set-tlement is given below:

Order book: The order book shows the complete list of orders placed for a particular day. Once
the order gets executed they go into the trade book.

Open position: The position which is not yet closed. E.g. when you buy 1 share and have not yet
sold it then your open position is 1 and when the share gets sold than the position stands nil.

Exposure: Exposure is x times the cash deposited. Suppose the exposure is 6 times, this means
that if the cash deposited is Rs 1000, the total exposure would be Rs. 6000.

Gross Allocated Exposure: It is the virtual amount spent. When order is placed, the quantity
multiplied by price of each share will be deducted from the gross exposure available.

Net used exposure: It is the real amount spent. When the order gets traded, the quantity
multiplied by price at which the order gets traded will be deducted from the net exposure
available.
Trade log- Trade Log is the detail of transactions done by a client on a particular day

Futures calculator: The futures Calculator helps to calculate the Fair Value of a particular
Future Contract given the spot price, expiry date, interest rate and dividend yield.

Obligation: The stock for which the delivery has not been received yet, are reflected in the
Obligation report. Once the delivery comes i.e. on t+2 days, the same will be reflected in the
Asset report.

Assets reports: Asset Report shows the total holding in ones account as on date.

Options calc: The options calculator calculates the option price or volatility for a particular
options contract given the Option type i.e. Call or Put, Spot Price, Strike Price, Time until expiry,
Interest Rate and volatility or Option Price depending on what needs to be calculated.

LTP- Last Traded Price

TTQ - Total Traded Quantity
TTV - Total Traded Volume.

Limit: A limit order is an order to buy or sell a security at a specific price. A buy limit order can
only be executed at the limit price or lower, and a sell limit order can only be executed at the
limit price or higher.

Market: Market orders are orders for which price is specified as 'MKT' at the time the order is
entered. For such orders, the system determines the price.

Stop-Loss: This facility allows the user to release an order into the system, after the market price
of the security reaches or crosses a threshold price called trigger price.
Example: If for stop loss buy order, the trigger is Rs.93.00, the limit price is Rs.95.00 and the
market (last traded) price is Rs.90.00, then this order is released into the system once the market
price reaches or exceeds Rs.93.00.This order is added to the regular lot book with time of
triggering as the time stamp, as a limit order of Rs.95.00.All stop loss orders are kept in a
separate book (stop loss book) in the system until they are triggered.

Trigger Price: Price at which an order gets triggered from the stop loss book.
Limit Price: Price of the orders after triggering from stop loss book

Trading System: The trading system features and user navigation for Market are described
below.

Quantity :Order quantity should be in multiples of Market Lot.

Price :Members can enter either market orders or limit price orders. Order price for limit price
orders should be in multiples of tick size.

Order Cancellation/Modification : Order cancellation and modification is allowed for orders

entered. Order cancellation functionality can be performed only for orders which have not been
fully or partially traded (for the untraded part of partially traded orders only) and only during
market hours.

Net Position :The Net Position screen displays consolidated statistics for all markets as well as
separately for each market.

Delivery Trades
This intimates the system to take delivery for the order placed. Incase of buy order, the system
will block the entire amount for the order placed. Incase of delivery sell order, one should check
the demat stock availability, once the order is accepted in the exchange the quantity put for sale
is blocked. Once the sell order is executed the entire amount generated from the sell trade will be
available for trading for further trading

Intraday or Square-off trades

Intraday price movements are particularly important to short-term traders looking to make many
trades over the course of a single trading session. The term intraday is occasionally used to
describe securities that trade on the markets during regular business hours.

ObligationTrades (BTST)
In case of Obligation trades, the customer may buy shares of a company to-day and sell of the
shares bought the very next day before the actual settle-ment
Lets say, if you buy 100 INFOSYS today at 3500 and tomorrow if the rate goes upto 3800, can
you sell the same

1. Manage Account Trading (R-ALLY)

Offline

Trade over phone at branches

Online Trading to be allowed only on browser through iNet.net

2. Net Account Trading (R-ACE)

Online

Square-off rights only dealer at branch level

Trade over phone at call centre

Online trading to be allowed through various modes: browser and application

No call center support

Call center support provided for trading,

back-office and IT support

Full branch level support

Minimum branch level support

High level of manual intervention for Fully automated processes

flexible processes

Basic software

Feature-rich software

Dematerialization is a process in which physical share certificates are converted into

electronic shares

For the ease of settlement and many millions of transactions the shares are traded in
electronic format

The physical share certificate needs to be converted to Dematerialized format for

enabling trading

Depository : The organization responsible to maintain investor's securities in the

electronic form is called the depository

CSDL & NSDL are the 2 depository providing their services in India

These Depositories are linked with Depository Participant (e.g. Religare Securities Ltd)
who are involved in servicing the customer for all Demat needs.

Demat Account
Demat is an account similar to a Bank account in which shares are held in electronic form.
Demat account is maintained by depositories (NSDL and CSDL and access is provided by DPs
e.g. Religare)

Savings Bank Account

An account with the bank where you keep your money and withdraw as and when needed (In
this case for trading purpose)

Trading Account
An account with the DP through which all the transactions are routed

EQUITY:

Equity investments are securities which represent ownership in businesses. This ownership is
purchased in the form of shares.
There are two ways in which you can invest in equities:-

Primary market (by applying in IPOs)

Secondary market (by buying shares listed on stock exchanges)

Advantages:

It is most liquid asset class

It has a potential of high returns to the investors

Investors can earn dividend income, as well as capital gains when the share prices shoot
up

Equity shares gives ownership and control of the company.

The term "Derivative" indicates that it has no independent value.

Its value is entirely "derived" from the value of the underlying asset.

The underlying asset can be securities, commodities, bullion, currency, live stock or
anything else.

Types:

Futures Contracts

Options

A futures contract is an agreement between two parties to buy or sell securities at a

certain time in the future at a certain price.

Futures contracts are standardized exchange-traded contracts.

An option gives the holder of the option the right to do the something.

Option holder has the right but not the obligation to exercise.

The purchase of an option requires an up-front payment.

Options Terminology

Index Options : India VIX based on the Nifty 50 Index Option prices.

Stock Options

Call Option : Option to buy

Put Option : Option to sell

Option buyer : One who buys the option. He has the right to exercise the option but no
obligation.

Option seller : One who gives/writes the option. He has an obligation to perform, in case
option buyer desires to exercise his option.

An investor buys one European call option on Infosys at the strike price of Rs. 3500 at a
premium of Rs. 50. If the market price of Infosys on the day of expiry is Rs. 3600

The investor's Break even point is Rs. 3550 (Strike Price + premium paid)

i.e., investor

will earn profits if the market crosses above Rs. 3550.

However, If at the time of expiry stock price falls below Rs. 3500 say suppose it touches
Rs. 3000, the buyer of the call option will choose not to exercise his option.

In this case the investor loses the premium (Rs 100), paid which shall be the
earned by the seller of the call option.

profit

An investor buys one European Put option on Reliance at the strike price of Rs. 300/-, at
a premium of Rs. 25/-. If the market price of Reliance, on the day of expiry is less than
Rs. 300, the option can be exercised.

The investor's Break even point is Rs. 275 (Strike Price - premium paid) i.e.,
investor will earn profits if the market falls below 275.

Suppose stock price is Rs. 260, the buyer of the Put option immediately buys Reliance
share in the market @ Rs. 260/- & exercises his option selling the Reliance share at Rs
300 to the option writer thus making a net profit of Rs. 15 {(Strike price - Spot Price) Premium paid}.

In another scenario, if at the time of expiry, market price of Reliance is Rs 320/ - , the
buyer of the Put option will choose not to exercise his option to sell as he can sell in the
market at a higher rate. In this case the investor loses the premium paid (i.e Rs 25/-),
which shall be the profit earned by the seller of the Put option.

A MF is a pool of money put together by Investors called as unit holders who share a
common goal.

The money thus collected is invested by professional fund managers in different types of
securities depending upon the objectives of the scheme.

The Mutual Fund is managed by a Asset management Company (AMC)

NAV : It's the fund's assets minus its liabilities divided by the number of outstanding
shares.

Sales Load : Is a charge collected by a scheme when it sells the units. Also called, Frontend load. Schemes that do not charge a load are called No Load schemes (Entry and
exit Load)

NFO.

Advantages of MF

Professionally managed portfolio

Diversified portfolio

Low cost of investment (economies of scale)

It is possible to invest in small amounts.

Simplicity

Choice of schemes

Various tax benefits are granted to investors of Mutual Funds e.g. ELSS scheme.

At Religare one can invest Mutual Funds online.

One can do online purchase and redemption in all the Schemes .

One can check Latest (previous day) NAVs and Invest online in NFOs of all the Mutual
Fund Schemes.

One has the option of investing through the Systematic Investment Plan (SIP),
withdrawing through SWP and switching schemes (within the same MF).

There is No BROKERAGE charged and only an entry and exit load is charged (by the
AMC) whenever one invests, redeems and switches.

Normally to invest in an IPO, you would have to fill up a Form, write the Cheque, submit
the Form

Through Religare just

LOGIN

SELECT IPO

ENTER AMOUNT

Subscribe & its Done

No Filling of Forms

No writing Cheques

No standing in QUEUE