Professional Documents
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On Demat Account & Its Concept: Bathinda Branch) Project Tittle
On Demat Account & Its Concept: Bathinda Branch) Project Tittle
PROJECT TITTLE
UNDER GUIDANCE OF
MR. ROOP LAL THAKUR (BRANCH MANAGER)
PRESENTED BY:
SANDEEP MISHRA M.B.A
( 3rd sem )
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......
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.
19, Nehru Place, , , New Delhi, Delhi - 110019 Karvy Computershare Private Ltd
Tel: 30815100/66552200, , ,
Fax: 30815288,
Email: investorservices@religare.in
Website: www.religare.in
Name
Designation
Sunil Godhwani
Ravi Batra
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
KEY EXECUTIVE
S.No
1
2
Name
Mr.Sunil Godhwani
Mr.Ravi Batra
Designation
Managing Director & CEO
Company Secretary and Compliance Officer
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.
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
Indiabulls
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.
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.
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.
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)
Raise resources for companies and business ventures through public issues.
Transfer of resources from those having idle resources (investors) to others who have a
Equity
Government Securities
Derivative products
MCX multi
commodity
exchange
NCDEX
National Commodity & Derivative
Exchange Limited
NMCE
National Multi - commodity Exchange
of India
Market Timings
NCDEX (National Commodity and Derivative Exchange): 10:00 a.m. 11:55 pm(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.
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.
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.
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.
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.
Price :Members can enter either market orders or limit price orders. Order price for limit price
orders should be in multiples of tick size.
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
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
Offline
Online
Basic software
Feature-rich software
For the ease of settlement and many millions of transactions the shares are traded in
electronic format
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)
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:-
Advantages:
Investors can earn dividend income, as well as capital gains when the share prices shoot
up
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
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.
Options Terminology
Index Options : India VIX based on the Nifty 50 Index Option prices.
Stock Options
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
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.
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
Diversified portfolio
Simplicity
Choice of schemes
Various tax benefits are granted to investors of Mutual Funds e.g. ELSS scheme.
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
LOGIN
SELECT IPO
ENTER AMOUNT
No Filling of Forms
No writing Cheques
No standing in QUEUE