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Religare is an emerging markets financial services group with a presence across Asia, Africa, Middle East, Europe, and the Americas. In India, Religare's largest market, the group offers a wide array of products and services including broking, insurance, asset management, lending solutions, investment banking and wealth management. With 10,000-plus employees across multiple geographies, Religare serves over a million clients, including corporate and institutions, high net worth families and individuals, and retail investors.
NAME Religare is a Latin word that translates as 'to bind together'. This name has been chosen to reflect the integrated nature of the financial services the company offers.
SYMBOL The Religare name is paired with the symbol of a four-leaf 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. For us, each leaf of the clover has a special meaning. It is a symbol of Hope. Trust. Care. Good Fortune. For the world, it is the symbol 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 foundation on which a person reaches for the stars.
The second leaf of the clover represents Trust. The ability to place one¶s 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.
MR. SUNIL GODHWANI Mr. Sunil Godhwani, Chairman and Managing Director, Religare Enterprises Limited, is the driving force behind the company. A man with a vision to create a global business of excellence, he is the inspiration to all as he spearheads the company¶s management and global operations; strategizing and directing it through its next phase of growth. Sunil brings to the company strong leadership skills, vigor and a passion for excellence. He believes in nurturing a culture that is entrepreneurial, result oriented, customer focused and based on teamwork. He has given strategic direction to Religare¶s growth since his joining in 2001. He has been instrumental in establishing Religare¶s vast network and shaping the Company¶s strategies in India and abroad. He is on a constant lookout for taking the Company to new heights by managing various acquisitions, finding new partners for joint ventures and scouting new avenues for the business. Under his able leadership, Religare Enterprises Limited is India¶s fastest growing, integrated financial services company with a significant presence in 12 countries across Asia, Africa, Middle East, Europe and the Americas. With over 10,000 employees, Religare serves over a million investors ranging from corporate clients to high net worth individuals.
Sunil has a diverse and wide-ranging experience of over two decades in managing large scale businesses, he also serves as Director on the Boards of Religare Technova Limited, Super Religare Laboratories Limited, Religare Macquarie Wealth Management Limited, AEGON Religare Life Insurance Company Limited, Religare Voyages Limited, Fortis Healthcare Limited and other subsidiaries/ Group companies of Religare.
Claims. He was reporting directly to the MD & CEO and was responsible for Product Development. ANUJ GULATI In his capacity of CEO. carried under Religare Arts . Anuj is a Chemical Engineer from IIT Delhi and is an MBA from IIM Bangalore. Apart from heading these functions Anuj also had complete business responsibility for the online and rural business. India as ³Director Service and Business Development´. A seasoned wealth management professional. Prior to ICICI Lombard his key assignments have been: As a financial analyst with Procter & Gamble India Ltd Strong entrepreneurship experience as CEO of Labprocure India Pvt Ltd. Ltd. he is the Whole-time Director at Religare Macquarie Wealth Management and also oversees the Arts business. Operations.A powerful orator and a great motivator. MR. Anuj would be responsible for setting up this business and work towards making Religare as one of the dominant players in the Indian Health Insurance industry.. AMIT SARUP Mr Amit Sarup carries the overall responsibility of leading the private equity business of the group. in Madrid. His last assignment was with ICICI Lombard General Insurance Co. Technology. Administration . Pricing. Marketing & Corporate Communications. Recently he has been awarded µIndia Business Leader of the Year¶ award at Global Indian Business Meeting hosted by Horasis. Spain and ³CEO of the year Award´ at CEO CLUBS INTERNATIONAL Awards MR. Sunil has been awarded with many awards and accolades. Underwriting.
He Graduated from Delhi University & studied Real Estate from Singapore University . A 3 year stint with Citi and Abhay took over as VP & head of the Corporate Realty Services at Abn Amro Bank. broadly comprising Property.Initiative. post which he joined Jones Lang Lassalle a MNC brokerage firm. Later on he joined Aegon Religare as a Director to set up and run their Infrastructure department. He has over 18 years of experience in the capital markets and financial services industry MR. He left JLL as the head of their Delhi office to join Citi Bank as AVP property & facilities for the north. Procurement. He served in the army for a decade. he was Vice-President. Security & Administration. India. He worked with Aegon Religare for 3 years and was subsequently transferred to Religare. Ghaziabad. Prior to joining Religare. He worked in almost all the verticals ie Broking. Valuation & Consulting. Wealth Management at the Kotak Mahindra Group and held several key positions there from 2000 to 2005. Amit received a bachelor¶s degree in commerce from the University of Delhi and a master¶s degree in business administration from the Institute of Management Technology. Abhay would be overall responsible for managing the infrastructure of the company. ABHAY NARAYAN SAPRU Abhay has over 20 years of work experience. both ventures in which he has been involved in setting up and creating from the beginning. Abhay was one of the earlier members and helped in setting up the company.
BSE. USE and a depository participant with NSDL and CDSL.NETWORK PRODUCT OFFERINGS EQUITY Investments in stocks often serve as a very foundation in portfolios for many types of investors. Religare Securities Limited (RSL) has helped both naïve and experienced investors to chart their way even in tumultuous times. . As a member of NSE. MCXSX.
though in the nascent stage offer one of the most exciting and rewarding investment opportunities among the emerging market economies. investors need to tread the path cautiously. imparting an enriched trading experience through our unique suite of execution platforms (both offline and online) and state-of-the-art tools and features in both intraday and delivery segments of the market. offline and online platforms and also offers depository participant services. as financial awareness deepens and more sophisticated instruments enter the Indian markets. at RSL we provide highly efficient and sophisticated trading solutions to effectively manage your equity investments in an increasingly complex and dynamic market scenario. At RSL we empower our clients through best-in-town research and analysis at the right time so that they see trends as and when they emerge.Though equities are considered more rewarding when compared to other investment options. RSL has successfully enhanced trading flexibilities of its partners. Trading in Equities with Religare truly empowers you for your investment needs. With a presence in more than 1500 locations across India. We ensure you have a superlative trading experience through our - Highly process driven and diligent approach . Hence. Religare Securities Ltd. a wholly owned subsidiary of Religare Enterprises Limited (REL). a global financial services group is a market leading securities firm in India. Indian markets. The company offers equity broking services to more than half a million clients using both. (³RSL´).
Research . avoiding any possible conflict of interest in objectivity. Backed by strong pool of highly skilled research analysts.We at Religare believe in providing independent research to clients to help them make investment decisions. You can now walk into any of our branches and connect to our highly skilled and dedicated relationship managers to get the best services.Religare Securities Ltd has a Pan India presence with its network of branches. sub-brokers and primary market sub-brokers. Trading Channels .both software based and direct online access.Religare charges brokerage on the basis of volume and frequency of trading. Our Research Products include: Fundamental research Technical research . Religare has operations at 2092 locations across more than 500 cities and towns. Online clients get cutting-edge platform (RACE) that helps even a non-tech savvy customer to trade hasslefree and thus covers varying needs of the customers . Brokerage Plans . Religare also has one of the largest retail networks. We provide different brokerage plans for beginners and traders. with strict emphasis on self-regulation. we offer varied research products and services.Powerful research and analytics One of the µbest-in-class¶ dealing rooms Further.Branch/Online .
incisive. Hedging strategies Our services are conceived to offer you An enriched trading experience with best-in-class dealing rooms Access to daily.Daily reports Intraday trading technical calls Intraday derivative call Structured products Index arbitrage Arbitraging between Index (NIFTY) Futures and its constituents (underlying stock futures) Volatility trading Arbitrage between volatilities i. fundamental and technical research and analytics from our research teams Personalized services through a team of efficient Relationship Managers and Dealers Ability to map multiple bank accounts in back-office A dedicated IT help desk E-contract notes .e between implied volatility of options and forecasted volatility of underlying stock futures.
a wholly owned subsidiary of Religare Securities Ltd (RSL). We ensure you have a superlative trading experience through ± Access to daily incisive. 24-hr online portfolio tracking. Trading in Commodities with Religare truly empowers you for your investment needs. ICEX and ACE in addition to both the Spot Exchanges. browser and application-based platforms Single window login for all back-office systems. As a member of MCX. fundamental and technical research and analytics from our efficient in house research Personalized services through a team of dedicated Relationship Managers and Dealers Browser and application based platforms available for commodity trading . NMCE.Portfolio valuation reports and ledgers on demand Prompt payout of funds Other value-adds such as online fund transfers. regular alerts and daily trade confirmations on SMS to your mobile phone Ability to access all your accounts through a unique Customer Relationship Number COMMODITIES Religare Commodities Limited (RCL). NCDEX. RCL is a trade facilitator providing the platform to trade in commodities. was initiated to spearhead exchange-based Commodity Trading.
an experienced trader. Our nationwide presence in Mandi (agricultural market hubs) locations brings commodity trading right to the doorstep of the actual producers (farmers) and enables them to hedge risks better. weather. only the margin amount is required. demand.Our dedicated team of experts and highly skilled professionals provide valuable assistance in exchange-based commodity trading. The most lucrative element of futures trading is that it allows investors to participate and trade at nominal costs. These Mandi branches also act as listening posts that feed information on arrivals. b) Traders can earn from short selling. A future trading eases the hassles and costs of settlements and storage for traders who do not want custody. we offer each client a customized trading experience. a hedger or a corporate client. production and other aspects which impact the physical markets and help our research teams deliver better quality research on commodities. OUR VALUE ADDS Access to all your accounts through your unique Customer Relationship Number (CRN) . Whether a first-timer. a) You no longer need to put the whole amount for trading.
COMMODITY CORPORATE DESK: Are you concerned that your current hedging strategy isn''t effective? Are you concerned for not getting fair market price for your hedge transactions? Are you concerned that you¶re spending an inordinate amount of time working on your hedge strategy rather than your business? Religare Commodity Corporate Desk educates the producers and consumers about the .Access your ledger balances and account information over the internet and at the branch Help Desk Browser and application-based platforms can also be made available for commodity trading SMS services for research advice to keep you abreast with your investments Regular News and Updates on market.
Define the hedging objectives given budgetary. . Analyze - Make an assessment of the current and future enterprise-wide commodity risks. Provide guidance for the analysis of available hedging strategies. combined with sustained volatility in the commodities market. and monitoring. The Religare Commodity Corporate desk helps smarter decision making with a higher risk-adjusted return on capital. can be disastrous for companies of all sizes. Analyze the commodity risk inherent in production and/or consumption. legal. multi-factor Monte Carlo approach.benefits of hedging and hedging opportunities available. implementing. Implement - Implement the selected hedging strategies by providing independent pricing and fair market valuations. The way we proceed: Plan - Meet the key stakeholders to understand the business and goals. and credit constraints. Quantify the hedging strategy in an optimal risk/return framework. including designing. Uninformed hedging decisions. Generate different price options and volatility scenarios. The desk provides guidance to corporates/firms on the entire life cycle of their hedging strategies. Analyze future cash flows using a sophisticated.
We provide a flexible platform to our clients to expand and diversify their portfolios and add currency derivatives to complement their commodity and equity trading. Since its inception in .Monitor - Monthly consultation on the performance of the hedging programs. trades worth $4 trillion are done every day. experience the excitement of the world''s most traded financial instrument with Religare.all currencies have a value when compared to other currencies and it is this trading (either purchase or sale) of currencies that is done to take advantage of the shifts in the relative movement. on an average. supported by the following analytics and reports: Mark-to-Market Complete P&L Decomposition Counterparty Credit Exposure Value at Risk (VaR) Cash Flow at Risk (CFaR) Updated ³best case.´ ³worst case´ and ³base case´ cash flow scenarios CURRENCY Currency trading is the largest market worldwide. Now. As per BIS. The mechanism of the currency trading is simple .
With the successful trading in USD-INR. the currency futures market has grown by leaps and bounds.9 am to 5 pm Opportunities to reap benefits by trading at a global level and in a highly dynamic market Affordable and small lot size contract( USD $1000 only ) with low exchange specified margins Our services enrich your trading experience with - A qualified and experienced currency research team. Pound Sterling-Indian Rupee and Japanese Yen-Indian Rupee. Why trade in currency derivative? Highly liquid asset Extended trading hours . which is why we empower our clients with in-depth. We truly understand the importance of market timing in futures. we offer premium levels of services. real-time and inductive research and analytics required to make the right trading decisions. providing you market insights for fruitful trading . In line with our vision to provide an enriched trading experience.August 2008. the offerings have now been extended to Euro-Indian Rupee. security and state-of-the-art trading technology to accommodate our client¶s needs.
Gold has been used in jewelry. coins. From Ancient Egyptians to the ³Golden Bird´ India. money. . gold¶s glitter has attracted people across continents. lasers. medical treatment. and space over the ages. artifacts. standard for currency.Flexible trading platform for online/offline clients A dedicated team of advisors to help you play hedged strategies in Currency Nationwide presence with high market penetration We at Religare provide you premium services to have an all together new and unique experience Flexible trading platforms for online/offline clients Technical and fundamental research to make your decisions easy Expert advice to strategize your trades Reduced different brokerage plans GOLD Gold has always been a source of great interest and attraction by the human race.
Approximately 10 million marriages occur in India every year and gold is used for gifting purposes and as ornaments. perfection. what was the best avenue of investment? For the Indian investors. intelligence. excellence. India was also the largest importer of the yellow metal. Gold symbolizes progress. strength. optimism. love. justice. the sun. Affluent people generally present gold ornaments during DHANTERAS and AKSHAYA TRITYA in their family. purchasing approximately 800 tons of gold every year. Gold jewelry sales spurt after a bumper crop. as Indians buy about 25% of the world''s gold. poor as well as the rich. is clearly a positive factor in this resurgence. the biggest investment route is indeed gold. balance. happiness. India imported around 400 tons of gold. Gold is a safe investment for both. power. warmth. Most Indians prefer to put their money in the yellow metal. ADVANTAGES OF GOLD AS AN INVESTMENT OPPORTUNITY During those days of economic meltdown and volatile movements on stocks and commodities markets. There is a sentimental and tangible value which is added to the physical possession . wealth. While a sustained price rally. in 2008. Agriculture is the base of Indian economy and physical gold is popular among farmers as well. Recent years have seen a striking increase in investor interest in gold. underpinned by the fact that demand consistently outstrips supply. hope. This website provides you with the background to these reasons and describes the defining characteristics of the gold market from an investor''s point of view. there are many reasons why people and institutions around the world are once again investing in gold. says a new survey.India is the world''s largest consumer of gold.
Investing in Gold provides: LIQUIDITY . Hence the basics of economics apply here that the price of the commodity will go on rising as long as the demand is more than the supply.Gold investment is one of the safest assets in existence. whereas securities and real estate are often unpredictable. The rarity and condition of gold has a significant impact on how much cash you will get. Selected gold types have little or no reporting requirements. SELF-RELIANCE . and funds from gold are quickly available. and easy to store.Gold and Gold Coin''s great strength is its "same as cash" quality.Gold Investment is independent of outside factors. and is so sheltered it is used to place capital in the safest possible place. Gold is liquid anywhere in the world.of gold especially in the form of gold coins or small bars. It requires no .Gold are private. and older gold is nearly impossible to follow. It is globally accepted fact that gold is a commodity which is in limited supply and the demand is ever increasing. RCL negotiates the best price for your gold after research analysis. PRIVACY . SAFETY . Handling of Gold coins is not difficult as they are not very heavy and even very small quantities can be held. Gold is well-positioned to benefit from a world event. compact. Some are worth much more than their weight in gold.
government or harvest. . PERSONAL SECURITY .Gold has the potential to outperform any other investment. especially if gold is accumulated while it is inexpensive. GROWTH . For the customer. Gold is not dependent on marketing. affordable. physical gold is necessary for reliable protection (even gold stocks can suffer in a bear market). The upside on gold can be substantial. Coins are available in lower denominations for the common man. That is where Religare comes in. productivity.auditor or outside solvency.Gold''s immunity from chaos and risk is why central banks keep it. as they do not imply problems. The same issues that hurt the markets positively trigger gold In a highly disorganized Gold market. Take advantage of low prices. the purity aspect and thereby the value for one¶s money during the purchase of gold has always been a question mark.Gold creates a natural insurance policy. the lack of access to a branded. Volume and consumption rise with low prices and eventually prices move up. holding approximately 15% of your portfolio in gold will provide a formidable safety net. however. For a secure financial foundation. reliable Gold coin has always been a matter of concern. INSURANCE .
you can place subscription or redemption requests for mutual fund units. With our Mutual Fund Service System. 8 gm and 10 gm gold coins with quality 999 at competitive prices Tamper proof packing by MMTC assures purity check.02 There is no need to follow age-old tradition of biting gold to test its authenticity. Retail customers buy these coins just for the pleasure of owning it or as an investment idea. savings. These Gold coins are ideal for customers or corporate to be used as a gifting idea. family background etc. You can buy and sell Mutual Fund units during the trading hours through simple telephonic instructions. an order collection system provided by National Stock Exchange (NSE). for retail/agent contests.Religare offers 2 gm. Positive tolerance in our Gold coins up to +0. MUTUAL FUNDS Mutual Funds offer an opportunity for long term wealth creation.5 gm. age. as employee rewards etc. At RSL we ensure that your investments are in safe hands backed by quality research and based on the needs of the client according to his income. . as Religare provides a certificate of purity from MMTC.
playing field with banks in enabling clients to invest in mutual fund and enable to expand the reach of mutual fund schemes to more towns and cities IPO An Initial Public Offering (IPO) is the selling of securities to the public in the primary market. With this the Stock Exchange mechanism extends the present convenience available to secondary market investor to mutual fund investors. This will give distributors and brokers a level. There is no set price .You no longer have to await the status of your application from AMC or fund house. Units of Mutual fund Schemes have been permitted to be transacted through registered Stock Brokers of recognized Stock Exchanges. Reduced time lags and transparency in procedures empower our investors to make timely and optimal investment decisions. The sale of securities can be either through book building or through normal public issue. This paves way for listing and trading of the issuer¶s securities. Securities Exchange Board of India (SEBI) vide circular SEBI/IMD/CIR No. 11/ 183204/2009 dated November 13. Who decides the price of an IPO? The issuing company in discussion with the lead merchant banker (the institutions upon which rests the entire responsibility of managing the issue) decides the price. 2009 allowed transactions in Mutual Fund schemes through the Stock Exchange infrastructure. instead you can track your request through our online interface and even modify the request until the time it is accepted by the mutual fund. It 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 actual discovered issue price can be any price in the price band. However the company and the lead banker are required to give full explanation of the key assumptions taken into consideration while deciding the issue price. This issue price is called µCut-Off Price¶. What is Cut-Off Price? In a Book building issue. where there is a price band and rest is left to market forces to determine the final price. there are two types of issues. the company that wishes to tap stock market for fresh funds is required to indicate the price band. The issuer and lead manager. which is managing the issue. The cut off is determined after the bid is closed to public. during the period for which the issue is open. What does µprice discovery through Book Building Process¶ mean? Book Building is basically a process used in IPOs for price discovery of an offer. Process One needs to have a demat account Make available the copy of PAN card . different categories of investors apply at various prices based on their judgement. In practice.formula prescribed by SEBI. within the price band. decides the cut off price after considering the issue size and the investors¶ desire for the stock. one where the company and Lead Merchant Banker fix a price (called fixed price) and other. It is a method where.
DERIVATIVES The Derivative segment is a highly lucrative market that gives investors an opportunity to earn superlative profits (or losses) by paying a nominal amount of margin. Our analysts also offer investment advice based on thorough fundamental research of the currently open IPO¶s. INTRODUCTION TO PROJECT . This is to help you to make better trading returns. Indices. Since derivatives instrument provide good leverage opportunity. Cover call writing. Future contracts are available on Equities. Currencies and Commodities. it is a great tool for speculation. Bear Spread.Other basic essentials such as address proof. Over past few years. Our advisors will also help you with various strategies like Bull Spread. bank details and contact details also required We also provide you with latest news about the upcoming and current IPO¶s including their listing dates. Leverage is a double edge sword for which one requires an equity advisor. Future & Options segment has emerged as a popular medium for trading in financial markets. The Equity advisor goes a step further to ensure that your trades are settled and traded with proper margin in your account in a timely manner. hedging strategies etc. This allows us to give you a convenient single window service and your advisor becomes the single point contact for all your equity related matters.
Indians are great savers. Our gold investing habits show a similar theme. here is where we go wrong. you will get a fraction of the price you paid for it. but a meager 6 per cent of these household savings finds its way into wealth generating equity markets. accumulating. holding and liquidating commodities as well as converting them into physical units in a seamless manner. . Its uniqueness lies in buying. Most of our gold purchases are in the form of jewellery. if you sell that necklace or ring. but awful investors. Our savings ratio is at a high 29 per cent of the gross domestic product (GDP). showcasing our inability to make the transition from savers to efficient investors. as a means of financial investment. dematerialised form. Indians are the largest buyers of gold in the world. While they may look nice and make you look rich when you wear them. The amount of charges that the jewellery passes on in the form of design and making costs are high. But. they are pretty useless.INTRODUCTION OF E-SPOT INVESTING IN E-GOLD AND E-SILVER E-investing is revolutionising the investment space for Indians. It is bringing in opportunities for them to participate in the growth story of commodities by allowing them to move funds into commodities in smaller denominations and holding them in the electronic. that is.
INTRODUCING E-GOLD AND E-SILVER Mass participation of retail investors in commodities is still absent. units of e-gold or e-silver get credited to the buyer's demat account. returns and safe-keeping-e-gold and esilver seem to be the smarter way of saving in these alternate forms of investments. the underlying unit of physical gold/silver is stored in the exchange's vault. and . Just as you can trade equities in the stockmarket. are all about investing in gold/silver in both the dematerialised and physical forms. On purchase. E-gold and e-silver. Hassle-free and low-cost investing. Looking at various parameters-ease of transaction. Purchase in safe custody. No risk of theft. too. No worry for daily MTM pay-in/payout as in derivative buying. WHY E-GOLD OR E-SILVER? y y y y y Holding gold or silver in demat form. Opportunity for retail investors to diversify portfolio. Futures contracts carry high risk and are products which few of us understand. you can make an online transaction. launched by National Spot Exchange (NSEL). cost of purchase. here.
the risk or volatility can be reduced by adding gold to it. For a given level of returns from a portfolio. when shares are falling rapidly in value-an inverse correlation can develop between gold and equities. have a positive impact on gold prices. which have a negative impact on prices of most asset classes. unlike currencies. mostly moving in tandem with rising inflation and inversely with the dollar. The value of goods and services that gold can buy has remained largely stable. however. a symbol of wealth. evidence that when equities are under stress-in other words. Similarly. gold shows no statistically significant correlation with mainstream asset classes. which have seen significant fluctuation. such as a global economic crisis across countries and currencies. INVESTING IN GOLD Why invest in gold? Gold. as a rule. or even an occurrence of war. The fundamental reason for this low correlation is that the factors driving gold price are not the same as the ones that determine the returns on other assets. Gold is a highly effective portfolio diversifier due to its low-to-negative correlation with all major asset classes.y High liquidity at low costs. This is because the demand for gold goes up as a . there is. While. gold has shown no statistically significant correlation with equities. has been traditionally considered as a hedge against inflation. Over the last 20 years. tumultuous situations. A study spanning a 400-year period has shown that the basket of goods and services that gold could buy over the period has remained the same. Gold protects your portfolio from volatility because the factors-both at the macroeconomic and microeconomic fronts-that affect the returns from most asset classes do not significantly influence the price of gold.
It is the only medium of exchange completely free of credit risk as it does not imply a liability for any other entity. ETFs have brought significant numbers of new participants into the market These ETFs shall continue to drive gold prices higher. with gold probably being a major beneficiary. Here are some of them: y Gold improves the stability and predictability of portfolio returns. By facilitating gold investments and ownership. There certainly seems to be a trend towards increased diversification of reserve assets. Another factor to be noted is the introduction and growing popularity of gold exchange-traded funds (ETFs) which have changed the market in a very important way. . WHY GOLD The reasons why gold should form a part of your portfolio are many. y Adding gold to a portfolio introduces an entirely different class of asset. Gold is unusual because it is both a commodity and a monetary asset. In addition. many countries are planning to reduce their reliance on the dollar and diversify their foreign currency reserves.safe haven for parking funds. Inflation has historically been fuelling gold prices as investors seek to safeguard their wealth against rising inflation. The US dollar may lose its sheen amid the burgeoning US trade deficit and the country's mindboggling borrowings to finance the same. away from what is seen as a dollar in decline. It is not correlated with other assets because gold price is not necessarily driven by the same factors that are responsible for driving the performance of other assets. Inflation could be another trigger which may intensify as a result of government deficits and loose monetary policies around the world.
000 tonnes more than the supply. The basic fact is that gold prices are going through the roof because of high demand and stable-tolow supply. The total gold supply is fragmented into mining supply. With no new mining capacity being discovered. China and West Asian countries are giving strong buying support to gold prices. It can provide 'insurance' against extreme movements on the value of traditional asset classes. According to the World Gold Council. hence. averaging approximately 2. The easy argument is that it is a simple economic theory of demand and supply. The central banks of Russia. Scrap sales are sourced from old fabricated products that have been recovered and refined back into bars. scrap sales and central bank sales. most of the gold is being recycled. Mine production contributes nearly 60 per cent to the overall supply side while scrap accounts for 26 per cent with the remaining 14 per cent is sold by the central banks. the overall level of global mine production has been relatively stable. The yellow metal has its demand spread across the world and 55 per cent of total gold demand across the globe is at tributable to just five countries- . Inflationary pressures in the world economy are positive drivers of gold prices. The complexity is that the various factors that influence demand and supply of gold are themselves dynamic.y Gold is one of the few financial assets that is not linked to a liability. DEMAND AND SUPPLY FACTOR Understanding the dynamics in the bullion market is easy and difficult at the same time. there are more than 400 gold mines operating in the world. This means there has not been any significant expansion in the global supply.481 tonnes per year since 2005. Gold mining is relatively inelastic and. Global demand for gold is 1.
The upward trend in the annual production is now levelling off. Independent analysts are of the belief that mine output will remain flat for the next few years and may even drop slightly. Globally. riches. The producers are accelerating the process of buying back hedges to get full exposure to the metal in anticipation that prices will rise further. For centuries. China is increasingly making its presence felt in this area and is all set to surpass India in terms of gold demand. domestic production only serves a small fraction of India's consumption requirements. INDIAN SCENARIO The passion for gold in India has strong historical. There have been no new large discoveries of gold. It involves a gold producing company buying back its "hedged" gold in expectation of price rises. which are mostly accumulations from centuries of imports rather than a result of production from its own mines. Even if a new mine is discovered. Italy. India has been known to possess large stocks of gold. India is ranked sixth in the top-10 list of the gold and currency reserves: The first three . Investment in the recent past for exploration has been insignificant. savings. Turkey. it may do so in terms of consumption. but it won't be able to surpass India in terms of imports because China is also among the top gold producing countries.India. gold has been equated with money. Even today. and status in India. Moreover. the US and China though not in any particular order. Though. it will be about 10 years before the first ounce of gold from it sees the light of the day. and economic underpinnings. In most industries. rising demand kicks off an increase in supply that brings prices down. cultural. But gold is often less than responsive as new supply is limited and prospects of a sudden flush of new gold are slim. prices have shot up because key gold producers across the world have been implementing a major dehedging exercise.
has outperformed gold (by about a percentage point annually in rupee prices). India is the highest consumer of gold mainly because of religious factors and a traditional fascination for this yellow metal. . it can be considered a geared play on gold because silver prices outperform gold prices on the upside. INVESTING IN SILVER Why invest in silver? Silver has traditionally been considered the poorer cousin of gold. silver also has comparatively higher risk than gold. Largely a by-product of zinc.positions are being held by Japan. India needs a huge investment in gold mining sector as it mines only 0. respectively. Russia and China. Most Indians who are dedicated investors in gold have shied away from investing in this other precious metal. In fact. But. Silver is often compared to gold as a precious metal. copper and gold mines. lead. but what makes it such an interesting investment is its industrial use. over a long historical period. While gold and silver prices have tended to follow each other over time. But domestic production of gold is only about 2 tonnes per annum.4 per cent of its total demand despite having 8 per cent of total world gold reserves under its land mass. The consumption is leading to higher imports of gold as India doesn't produce enough of it to meet its requirements. India consumes anywhere between 600 to 700 tonnes of gold annually. and crash more quickly on the downside. That said. it's time to take another look at silver. silver. with gold prices at their all-time highs and silver prices still a distance away from theirs'. silver has an intrinsic value because of its natural industrial demand.
though its unusual properties make it very different from them. but the other sources of silver. Locally. industrial demand for silver for emerging markets is increasing the prices. while gold. Over 50 per cent share of import of silver in India is held by . INDIAN SCENARIO India hardly produces any silver and is primarily a silver importing country. The total production of silver in the world figures to be around 615 million ounces and Mexico is the leading silver producing country. In addition.000 tons. It holds the 20th place in the list of silver producing countries and the total production of silver in India in 2009 was around 7. Its prices. Silver is produced throughout the world. The rally in silver prices has recently been driven by investment demand in the safe havens like the still-recovering US and Europe economies. has been less sensitive. lead. lead and zinc mines (34 per cent) and other sources. a store of value. However.DEMAND AND SUPPLY FACTOR Silver is a metal that is associated with metals such as gold. Silver mines produce a small amount of silver that is 25 per cent of the world's total production and the rest of it is derived as a by-product from gold mines (15 per cent) copper mines (24 per cent).3 million ounces. It is used in making various kinds of jewellery it is considered a precious metal second to gold. an interesting fact is that the primary source of silver is not the silver mines. but its contribution in the various industrial sectors as a raw material makes it unmatchable. have been more sensitive to business cycle fluctuations. zinc and copper. No other metal can replace silver as it has an endless number of uses. The total demand of silver in the world amounts to around 29. the demand for silver is influenced by economic growth and the monsoons. in comparison to gold.
jewellery has been a big source of demand for silver and. investors have limited ways to take exposure to silver. more and more Indian jewellers are increasing the amount of silver used in jewellery. asset managers are not allowed to hold silver directly in ETF or MF form.Chinese silver. leaving investors no choice but to buy silver futures. While gold ETFs are popular. Also. In India. . in fact. with gold prices at their current levels.
there is an investment of gold and silver. 2. It is Hassle-free and low-cost investing. We can start investment from 1gram««. that is beneficial for the awareness for a new product. People have good opportunity for the investment in gold and silver metals. 5. Religare has been launched a new product of E-spot in which.SCOPE OF THE PROJECT 1.means a small investor also can easily invest«there is no need of larger investment. . 3. High liquidity at low costs. 4. There are no chances of expiry dates.
OBJECTIVES OF THE PROJECT 1. . Purchase in safe custody 5. 2. To study the where customer should invest gold or silver. 3. To study the risk of theft. To aware the customers about the benefits of E-Spot. To know about the Low Risk Trading of commodities 4. The main objective of the project is to know about the features of Religare E-Spot.
an original contribution to the existing stock of knowledge making for its advancement. thus.RESEARCH METHODOLOGY Research Methodology is a way to systematically solve the research problem. ³Marketing Research is the systematic design. In other words descriptive research is a research where in researcher has no control over variable. collection. y Sample unit. . It just presents the picture. Our project has a specified framework for collecting data in an effective manner. which has as its major objective the description of something-usually market characteristics or functions. Sample Design: -Sampling can be defined as the section of some part of an aggregate or totality on the basis of which judgment or an inference about aggregate or totality is made. y Sampling Techniques.Sample size is the number of elements to be included in a study. analysis and reporting of data and finding relevant solution to a specific marketing situation or problem´. Sample size. The sampling unit of our study is general public. which has already studied.The sampling techniques used were convenience technique and simple random sampling technique. The Research Methodology includes the various methods and techniques for conducting a Research.Sampling unit is the basic unit containing the elements of the universe to be sampled. The sampling design helps in decision making in the following areas: y y Sample frame-Sample frame was Kotak Mahindra Bank. The purpose of Research is to discover answers to the Questions through the application of scientific procedures. Research is. Keeping in mind all the constraints 50 respondents were selected. Such framework is called ³Research Design´. The research process followed by us consists of following steps: Research Design: Descriptive Research: -A type of conclusive research.
and thus happen to be original in character. newspapers and journals. which are collected are fresh and for the first time.Data Collection and Interpretation: .Primary data are those. b) Tools of Data Analysis and Presentation: To analyze the data obtained with the help of questionnaire.Secondary data are those. y Primary sources. y Secondary sources. Secondary data had been collected through websites. which already had been passed through the statistical process. which include both open. Primary data had been collected by conducting surveys through questionnaire.ended and closeended questions and personal and telephonic interview. a) Sources of data collection: Information has been collected from both Primary and Secondary sources of data collection. which have already been collected by someone else. .Research work is exploratory in nature.
which is quite a small area to judge job satisfaction level. yet there are always some problems faced by the researcher. . Short time period: The time period for carrying out the research was short as a result of which many facts have been left unexplored. The prime difficulties which I face in collection of information are discussed below:1. Small area for research: The area for study was Bathinda. Respondents were having a feeling of wastage of time for them. Lack of resources: Lack of time and other resources as it was not possible to conduct survey at large level. 2. 3. 4.LIMITATION OF THE STUDY However I shall try my best in collecting the relevant information for my research report. Unwillingness of respondents: While collection of the data many consumers were unwilling to fill the questionnaire.
BIBLIOGRAPHY WEBSITES y y www.religare.com www.in BOOKS y Religare E-Spot Pocket Book .religareonline.
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