Professional Documents
Culture Documents
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INTRODUCTION
As a part of the BBA Curriculum and in order to gain practical Knowledge in the field of
management, we are required to make a report on “Financial Marketing Operations”. The Basic
Objective behind doing this project report is to get knowledge of different aspects of Core
persons working for the Continuance of Security Exchange Market.
In this project report we have included various concepts, effects and implications regarding
complexities and hardships popped out in the working of Brokers, Sub brokers, Jobbers,
Portfolio and Consultants in Security Exchange Market.
Doing this Project report helped me to enhance my knowledge regarding the work in to the role of
Brokers, Sub brokers, Jobbers, Portfolio and Consultants in making of effective and tremendous
profits in the Circumference of Stock Market. Through this report I come to know about
importance ofhard work, research work and role of devotion towards the work.
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Synopsis
S. No Particulars Pg.
No.
1. Introduction 1
2. Preface 2
3. List of Contents 4
4. Subject Matter of the project 5-9
5. Conclusion 11
6. Bibliography 12
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List of Contents
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1. Role of Stockbroker in Stock Market
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Derivatives Certification Examination
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After the SRC has granted recognition, status of Sub-Broker applications uploaded by Exchange to SEBI
would be informed to Members by way of display of ‘Upload Reference Number’ and ‘Upload Date’
through ENIT within 3 days of upload by Exchange to SEBI.
In case the Member applies for withdrawal of the Sub-Broker registration application after its recognition
by SRC or for cancellation of the application after it is registered with SEBI, then the Member would
need to procure the refund of the SEBI registration fees directly from SEBI.
On receipt of the Sub-Broker registration certificate from SEBI, the details of registration number and
registration date would be made available to the Member through ENIT. The physical Sub-Broker
registration certificate would be forwarded to the Member for onward dispatch to the Sub-Broker.
Partial or total amount collected towards SEBI registration fees would not be adjusted towards any other
dues payable to the Exchange.
In case the Member applies afresh for SEBI registration for Sub-Broker applications returned to the
Member who have been derecognized since they were unable to provide necessary clarification as sought
by SEBI, within the time stipulated by SEBI, the Exchange would process such applications afresh.
What Documents to be submitted?
Members need to attach scanned copies and send physical copies of the following documents (as of the latest
date) along with the Sub-Broker registration application form:
Proof of address of the applicant entity (trade name) – This is mandatory and the address on the proof
needs to match with that on the application. Only the latest telephone bill, electricity bill, valid ration card,
valid passport, valid driving license and bank statement of the last one month from a nationalized bank is
acceptable.
Proof of experience certificate– This is mandatory only in case the qualification of
Individual/Partner/Director is less than HSC. Only experience of at least two years in the capacity of
employee/dealer in capital market in the name of Individual/Partner/Director is acceptable.
Documents to be submitted along with print of ENIT application
Model agreement between stock broker and sub broker.
What are the duties of Sub Stock brokers in Current Scenario?
The collective condemnation of corporate greed and share market speculation on the part of Wall Street share
brokers. Ever since the so called ‘American monetarist’ policies of Ronald Reagan were implemented, America
has been moving towards an increasingly speculative and unstable economy and now the common man in that
country has decided to put a stop to this process. However, in India, there is no such bitterness towards desi
institutions of stock trading and share brokers, (though scoffed at in certain social circles) aren’t exactly seen as
greedy fraudsters. However, that does not mean there are no rotten eggs in the basket. Therefore, in order to make
intelligent investments in the stock market and earn profits, investors, whether individuals or collectives, have to
understand how to deal with brokers/ sub-brokers in share market.
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Exchange's operations, occurred. London's financial sector was suddenly deregulated, fixed commissions were
replaced by negotiated commissions and electronic trading was implemented. (Investopedia, 2011) The jobbers
are also known as taravniwalla.
National Stock Exchange provide online portfolio facility, named “MyNSE Portfolio Manager and
Customized Watch”. My NSE is a personalised Portfolio Manager that allows you to create your portfolio online
and match it against the live market rates. This is a free service. You need to register to create and access your
personalised portfolio. You can change your password and update your profile after you log-in using the
password.
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Following facilities are available under MyNSE:
Portfolio Manager
Customized Market Watch
Portfolio Manager
Portfolio Manager is a tool that allows you to value your holdings online. Using the MyNSE Portfolio Manager you can:
Track your holdings in equities traded in the Capital Market segment of NSE.
Create up to 3 portfolios with not more than 100 transactions in each portfolio.
Add/ Modify /Delete transactions to an existing portfolio
Modify / delete transactions in a portfolio
View/ Rename / Delete the portfolio
Set a portfolio as default portfolio (you will be taken to this portfolio when you login)
Change the default settings of a portfolio
Track the movement of your holdings in equities and derivatives traded in NSE.
Create upto 3 watches with not more than 25 securities / contracts in each watch.
Add/ Modify /Delete securities / contracts to an existing watch
View/ Rename/ Delete the watch
Set a watch as default watch (you will be taken to this watch when you login)
Change the default settings of a watch
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A flat fee, such as $500 per year, for an annual portfolio review or $2,000 for a financial plan
A commission on the securities bought or sold, such as $12 per trade
A commission (sometimes called a “load”) based on the amount invested in a mutual fund or variable annuity
A “mark-up”: when one buys “house” products (such as bonds that the broker holds in inventory), or a “mark-
down” when they are sold
A fee for assets under management, such as 1% annually of assets managed.
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Conclusion
Financial advisers face a dilemma when investing in bonds that will likely offer diminishing returns. A lot of
advisers are sticking with a strategy they adopted years ago: keeping clients in short- and intermediate-duration
bonds, while shifting the more risk averse into a bit more cash.
“They’re trying to make some strategic decisions here in an environment that’s fluid and in some ways
unprecedented,” (Davis, 2009) Global chief economist at the Vanguard Group Inc.
According to the Jobs Rated Almanac, the number one spot belongs to financial advisors, out of 250 (156).
Increased interests in investments are resulting in rising employment opportunities for financial advisors. With
longer life expectancy rates, the baby boomers need to finance themselves for more years of retirement.
As a financial advisor, one can be well rewarded for his efforts. Sercurian, a financial company, says that, suppose
you are persistent, dedicated and achieve results, you will receive monetary rewards that enable you to pursue
your life goals.
Both spellings, advisor and adviser, are accepted and denote someone who provides advice. According to one
textbook, adviser and advisor are not interchangeable in the financial services industry, since the term adviser is
generally used "when referring to legislative acts and their requirements and advisor when referring to a
practitioner. Since [a financial advisor's practice] is never described as an advisory practice, advisor is preferable
when not referencing the law." Congress and the Securities Exchange Commission refer to "investment advisers"
when discussing regulation of them in the Investment Advisers Act of 1940.
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Bibliography
Davis, J. (2009). Global chief economist at the Vanguard Group Inc.
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