A

PROJECT REPORT

ON

A STUDY ON DERIVATIVES (FUTURES & OPTIONS)

AT
RELIANCE SECURITIES LTD

Project Report submitted in partial fulfillment for

the award of Degree of
MASTER OF BUSINESS ADMINISTRATION

Submitted By

SALMAN MAHBOOB ALI

(H.No:104416672038)

DEPARTMENT OF BUSINESS ADMINISTRATION

OSMANIA UNIVERSITY POST GRADUATE COLLEGE
VIKARABAD - 501101
(2016-2018)
 OSMANIA UNIVERSITY
POST GRADUATE COLLEGE
VIKARABAD - 501101

CERTIFICATION

This is to certify that the project report title “A STUDY ON

DERIVATIVES (FUTURES & OPTIONS)" in RELIANCE
SECURITIES LTD submitted in partial fulfillment for the award of
MBA program of Department Of Business Management, Osmania
University, and Hyderabad was carried out by Mr. SALMAN
MAHBOOB ALI H.T.No:104416672038 under my guidance. This has
not been submitted to any other university or institution for the award of
any degree/diploma/certificate.

PRINCIPAL
 OSMANIA UNIVERSITY
POST GRADUATE COLLEGE
VIKARABAD - 501101

CERTIFICATION

This is to certify that the project report title “A STUDY ON

DERIVATIVES (FUTURES & OPTIONS)" in RELIANCE
SECURITIES LTD submitted in partial fulfillment for the award of
MBA program of Department Of Business Management, Osmania
University, and Hyderabad was carried out by Mr. SALMAN
MAHBOOB ALI H.T.No:104416672038 under my guidance. This has
not been submitted to any other university or institution for the award of
any degree/diploma/certificate.

PROJECT GUIDE
 DECLARATION

I hereby declare that this Project Report titled “A STUDY ON DERIVATIVES

(FUTURES & OPTIONS) WITH SPECIAL REFERENCE to RELIANCE
SECURITIES LTD.” submitted in a partial fulfillment of the requirements for the
award of degree of MASTER OF BUSINESS ADMINISTRATIONS at
OSMANIA UNIVERSITY, OSMANIA UNIVERSITY POST GRADUATE
COLLEGE during year 2017-2018.

SALMAN MAHBOOB ALI

(H.No:104416672038)

Place: HYDERABAD
Date:
 ACKNOWLEDGEMENT

The completion of the project gives me an opportunity to convey my gratitude

to all those who have helped me to reach a stage where I have the confidence to
launch my career in the competitive world in the field of finance.

I would like to express my sincere thanks to my external guide Mr. ANIL

KUMAR, Finance Manager in RELIANCE SECURITIES LTD for their inspiration
and timely help in completing the project.

I express my sincere thanks to Dr. BHARATH KUMAR PORIKA Principal,

OSMANIA UNIVERSITY POST GRADUATE COLLEGE, Vikarabad, for
providing all necessary facilities in completing my project report.

I would like to thank my internal guide Dr. BHARATH KUMAR PORIKA,

Faculty, Department of Management Studies, in giving me the necessary guidance
and valuable suggestions in completing this project work.

I take the opportunity to express my gratitude to the management and

members of the OSMANIA UNIVERSITY for providing me an opportunity to have
this project work done.

Finally, I would like to thank my parents & friends for their continuous
encouragement and support during the entire course of the project.
 Abstract

The emergence of the market for derivatives products, most notably forwards,
futures and options, can be traced back to the willingness of risk-averse economic agents
to guard themselves against uncertainties arising out of fluctuations in asset prices. By
their very nature, the financial markets are marked by a very high degree of volatility.
Through the use of derivative products, it is possible to partially or fully transfer price
risks by locking-in asset prices.

The below Pages Deals with how Derivatives markets help increase saving and
investment in long run and also to analyze the derivatives market in India. This Project
major deals with to understand the concept of the Financial Derivatives such as Futures
and Options, to find out the profit/loss position of the option writer and option holder

Derivatives have existed and evolved over a long time, with roots in commodities market.
In the recent years advances in financial markets and the technology have made
derivatives easy for the investors.

Introduction of derivatives implies better risk management. These markets can give
greater depth, stability and liquidity to Indian capital markets. Successful risk
management with derivatives requires a through understanding of principles that govern
the pricing of financial derivatives.
 CONTENTS

CHAPTER NO TITLES PAGE NO

CHAPTER -I INTRODUCTION
 Objective of the Study
 Scope of the Study 1-7
 Research Methodology
 Limitation of the Study

CHAPTER –II REVIEW OF LITERATURE 8-41

CHAPTER –III INDUSTRY PROFILE 42-58

CHAPTER –IV COMPANY PROFILE 59-62

DATA ANALYSIS AND

CHAPTER – IV 63-88
INTERPRETATIONS

CHAPTER – V SUMMARY & CONCLUSIONS 89-92

BIBLIOGRAPHY
93-94
ANNEXURE