A PROJECT REPORT ON THE TOPIC

“ANALYTICAL STUDY OF DERIVATIVES IN INDIAN

CAPITAL MARKETS”

Submitted by

Rajat Piyush Padhya

Roll No: P1820067

PGDM FINANCE

BATCH - 2018-2020

In partial fulfilment for the award of the degree

POST GRADUATE IN DIPLOMA MANAGEMENT

Under the Guidance of

Dr. SHUCHI GAUTAM

 DECLARATION

I, Mr. Rajat Piyush Padhya summer intern at Phillip Capital (India) Pvt. Ltd. under the
mentorship of Industrial mentor Mr. Rahman Rezaur, hereby declare that this project
report is the record of authentic work carried out by me during the period from 2 nd May
2019 to 28th June 2019 and has not been submitted to any other University or Institute
for the award of any degree / diploma etc.

Signature:

Name of the student: Rajat Piyush Padhya

Date:
 CERTIFICATE

This is to certify that the project submitted in partial fulfilment for the award of Post
Graduate Diploma in Management of Thakur Institute of Management Studies and
Research is a result of the bonafide research work carried out by Rajat Piyush Padhya
under my vision and guidance, not any part of this report has been submitted for award
of any other degree, diploma, fellowship or other similar titles or prizes.

Signature: Signature:

Name of the student: Rajat Padhya Mentor: Dr. Shuchi Gautam

Date: Date:

Signature:

Director: Dr. Pankaj Natu

Date:
 ACKNOWLEDGEMENT

I would like to express my deep gratitude to all the people who were involved
both, directly and indirectly in the preparation of this project.

Firstly, I thank my Institute Thakur Institute of Management Studies &

Research for giving me an opportunity to undertake my summer internship project
on Analytical study of derivatives in Indian capital markets.

Finally, I would express my heartfelt gratitude to my academic Mentor Dr.

Shuchi Gautam, whose valuable advice, suggestions and perspectives have
encouraged me to incorporate a different dimension to this project.

Sincerely,

Rajat Padhya
 TABLE OF CONTENTS

CHP. PARTICULARS PAGE

NO.
EXECUTIVE SUMMARY 1
1 INTRODUCTION
1.1 Topic 4
1.2 Industry / Sector 4
1.3 Organization Profile 7
1.4 Research Objective 13
2 Literature Review 14
3 Research Design 19
4 Introduction to Derivatives 21
5 Data Analysis and Interpretation 36
6 Discussion and Findings 52
7 Learning Outcomes 55
8 Contribution to the organization 56
9 Conclusion 57
10 Bibliography 59
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