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ACKNOWLEDGMENT

This report bears the imprint of many people. Right from the experienced staff of Reliance Money, to the learned faculty of my college (GEU). Without their support and guidance I would have not got the unique opportunity to successfully complete my internship in this esteemed organization. I take this opportunity to express my deep gratitude to all the employees of, Reliance Money, Noida. Also I am indebted for the rich guidance, knowledge and suggestions provided by Mr. Nitin Kayat (cluster head of branch) and Mrs. Richa Srivastava (Operation head of Reliance Money) who took sincere efforts and illustrated the Concept of different financial products, Equity Trading and selling of financial products with their vast knowledge in the field, which helped me in carrying out my internship. Last but not least, I also thank all those people who directly or indirectly help me to complete my project during my internship in the most efficient and effective manner.

TABLE OF CONTENT
1. Certificate by the faculty guide. 2. Preface 3. Objective of the training 4. Executive summary 5. Scope of the study. 6. Company profile 7. Companies of ADAG 8. Business overview 9. Partners of the company 10.Majors sparkling points of reliance money 11.Products offering
12. Reliance

dmat account

13.Reliance life insurance 14.Reliance mutual fund 15.Market analysis 16.Recommendation 17.Suggestion
18. Bibliography

PREFACE
Private sector is one of the fastest growing sectors in the country. After the Liberalization the Private industry still holds vast opportunities for young and experienced professionals. On the life insurance side public sector life insurance Corporation of India is, of course, the largest player with a history of over 50 years. After Privatization, the PSU has been making efforts to improve efficiency and customer services. Among the private life insurance player Reliance life insurance is the key player. Reliance money - Anil Dhirubhai Ambani Group offers most dynamic web based trading environment to its customers .The Reliance Money stock trading websites uses special security features 'Security Token', which makes you online trading experience more secure without complexity. Reliance ADG provide the vast opportunities to the new aspirants of the business administration. The financial Sector is full of competition even if there are a lot of opportunities to the job in Reliance Money and It is the platform to go on the highest peak in the life of any coming one. Reliance Money is a single window that provide account others. Hence Reliance Money provide many financial product on the single window. Reliance money deals with the product and Investment options are available in... Equity (Stock) Trading Derivatives and Comodity trading Gold Coins Wealth Management IPO's Mutual Funds Portfolio Mnagement Life Insurance General Insurance the multisystem mutual facilities funds, of the financial Products. insurance, There are many companies in the market which are providing the financial product like insurance, demat services, general Portfolio management services(PMS),wealth management, gold coins, Money changing , Money Transfer, and the

OBJECTIVE OF TRAINING
Frankly speaking, any job or the task, have the specific objective i.e. what is need and what is the requirement of the particular work. In the same way my objective is also to learn something from the summer internship program . It means that the training program in any reputed company give the market knowledge of its subject matter of study. The right choice of the company in which a student has to do the training is also the part of the learning and what he/she wants to learn in the summer training . In the short span since the insurance sector was opened up, many companies have literally dictated the markets evolution. Catering to all age and income segments, the company stated out with the traditional insurance policies that were easy to understand, the idea was to entice customers used to LICs style of functioning. Reliance money began exploring new areas; it introduced modern products, like Unit-linked Product where return are linked to the market performance of the underlying assets.Reliance Money leads and virtually all parameters; size of agent force, number of policies sold, total sum, total sum assured, premium income and productivity of agents it has set exacting standards for its range of products, riders offered, quality of information in promotional material and even in the insurance awareness events organized. What has been in favor of Reliance Money is the range of product in each segment of life insurance-traditional, unit-linked and single premium option, that are for retirement plan or child plan. With such a comprehensive bouquet, it caters to the financial goals of a customer. Reliance Money a growing reputed company give the good platform in selling of the product like insurance, Equity & commodities, derivative, IPOs, offshore investment, mutual fund, gold coins etc. So the objective of study is to see in the basket of product and satisfaction of customers with the company through research work in Noida.

EXECUTIVE SUMMARY

This project has been a great learning experience for me, at the same time it gave me enough scope to implement my analytical ability.The first part gives an insight about the Demat Account, Life Insurance, General Insurance and mutual funds and theirs various aspects. It is purely based on whatever I learned at Reliance Money. One can have a brief knowledge about mutual funds and all its basics through the project. Other than that the real servings come when one moves ahead. Some of the most interesting products have been covered. Some of them are: questions regarding these

Why has it become one of the largest financial intermediaries? How investors do chose between funds and these products? Most popular stocks among fund managers, most lucrative sectors for fund managers, a special report on Systematic Investment Plan, does fund performance persists and the topping of all the servings in the form of portfolio analysis tool and its application. All the topics have been covered in a very systematic way. The language has been kept simple so that even a layman could understand. All the quarries of the customer asked by them had been solved with the support of the seniors in the organization. The problems of the customer were being recorded for the purpose of the research and development.

SCOPE OF STUDY
The scope of the study refers to the job that to know about the activities of the organization. The study means that the analysis of the products of the company on which he/she has to focus. During the summer training the volunteer need to find out the corporate strategies of the running company and the mile stone which the company has covered during its journey. In the summer training, it is necessary for the student that he /she involve with the experience guys to get the knowledge about the company. That is how the company has got the success, Or if it is going in the loss, why. In my training period I have found that the reliance group is the biggest group in Indian companies. I felt that I can learn the more in the Reliance Life Insurance Limited.Reliance Life Insurance Limited is the part of the Reliance Capital Limited which is a growing company in the financial products. Reliance Anil Dhirubhai Ambani group is also deals in communication, energy, natural resources, media, and entertainment, healthcare and infrastructure.

COMPANY PROFILE
Reliance Anil Dhirubhai Ambani Group (Reliance ADAG) ranks among India's top three private sectors business houses. The group has a market capitalization of US$ 22 billion, net assets in excess of US$ 7 billion, and net worth to the tune of US$ 6 billion. Reliance Anil Dhirubhai Ambani Group has a customer base of over 50 million, the largest in India, and a shareholder base of over 8 million, among the largest in the world. R-ADAG has a business presence that is spread over 4,500 towns and 300,000 villages in India, and 5 continents across the world. Reliance Anil Dhirubhai Ambani Group came into existence when the business empire of the Reliance Group founded by Dhirubhai Ambani was split between his two sons, Mukesh and Anil. Mukesh Ambani, the elder brother, retained Reliance Industries Limited (RIL), the flagship company of the Reliance Group. The part of the empire that was inherited by the younger brother Anil Ambani was christened as Reliance Anil Dhirubhai Ambani Group. Hence, one can say that the founder of Reliance ADAG was Dhrubhai Ambani. The interests of the Reliance Anil Dhirubhai Ambani span communications, financial services, generation, transmission and distribution of power, infrastructure and entertainment. Reliance Money, the Broking and Distribution arm of Reliance Capital provides a single window platform for transacting in a wide range of asset classes, including Equity, Equity & Commodity Derivatives, IPOs, Mutual Funds, Life & General Insurance, Money Changing and Money Transfer and Gold Coins amongst others. Investors would need to pay brokerage at the rate of Rs 15 per assisted trade (from Reliance's Franchisee or call center) and can trade free using online trading portal (fixed fee of Rs500 for delivery trades up to Rs 5 lakh and / or non-delivery trades up to Rs 5 lakh, with validity period of one year), the company said. Some key steps of the company that are as.. Success is a journey, not a destination. If we look for examples to prove this quote then we can find many but there is none like that of Reliance Money. The company that is today known as the largest financial service provider in India. Success sutras of Reliance Money: The success story of the company is driven by 8 success sutras adopted by it namely trust, integrity, dedication, commitment, enterprise, hard work and team play, learning and innovation, empathy and humility. These are the values that bind success with Reliance Money. Vision of Reliance Money: To achieve & sustain market leadership, Reliance Money shall aim for complete customer satisfaction, by combining its human and technological resources, to provide world class quality services. In the process Reliance Money shall strive to meet and exceed customer's satisfaction and set industry standards. Mission statement: Our mission is to be a leading and preferred service provider to our customers, and we aim to achieve this leadership position by building an innovative, enterprising , and technology driven organization which will set the highest standards of service and business ethics

Companies of Reliance ADAG


Reliance Communications Limited Reliance Communications Limited is the flagship company of the Reliance - ADA Group. The company is the culmination of Dhirubhai's dream of bringing about a digital revolution that will provide every Indian with affordable means of communication and a ready access to information. Reliance Communications Limited started operations in 1999 and has over 20 million subscribers today. It offers a complete range of integrated telecom services such as mobile and fixed line telephony, broadband, national and international long distance services, data services and a wide range of value added services. Reliance Capital Reliance Capital is one of India's leading private sector financial services companies. Reliance Capital deals in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking and other activities in financial services. Reliance Energy Limited Reliance Energy Limited is a fully integrated utility engaged in the generation, transmission and distribution of electricity. The company distributes more than 21 billion units of electricity to over 25 million consumers in Mumbai, Delhi, Orissa and Goa. Reliance Energy Limited currently generates 941 MW of electricity, through its power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa. It is currently pursuing a number of gas, coal, wind and hydro-based power generation projects in Maharashtra, Uttar Pradesh, Arunachal Pradesh and Uttaranchal with total capacity of over 12,500 MW. Reliance Media & Entertainment Reliance Media & Entertainment has interest in Movies, Music, Sports, Gaming, Internet & mobile portals, Digital cinema, IPTV, DTH and Mobile TV. In 2005, Reliance ADA Group acquired Adlabs Films Limited, one of the largest entertainment companies in India, which has interests in film processing, production, exhibition & digital cinema. Reliance Entertainment has also forayed into the FM Radio business through BIG 92.7 FM. Reliance Health: Reliance Health aims at providing integrated health services and plans to venture into diversified fields like Insurance Administration, Health care Delivery and Integrated Health, Health Informatics and Information Management and Consumer Health.

Reliance BPO Mudra Communications Pvt. Ltd., a Reliance ADA group organisation. NIS Sparta Reliance BPO is a premium BPO & KPO service provider offering cutting edge solutions to global Communications, BFSI, Utility and Entertainment industries. Mudra Communications Pvt. Ltd. As a part of Reliance ADA Group Ltd., Mudra rose to become the third largest agency in the country in a short span of 9 years. Today, the Mudra Group, with more than 125 clients nationwide with three creative agencies, eight full service offices, seven specialised business units and an integrated media offering, has a portfolio of some of India's biggest brand NIS Sparta NIS Sparta is a division of is Asia's leading training, education and learning solutions provider. We partner organisations in achieving their mission critical goals through enhanced effectiveness of their people and processes, using proven methodology

Business Overview
Reliance Capital has interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking, depository services,

distribution of financial products, consumer finance and other activities in financial services. Reliance Mutual Fund is India's no.1 Mutual Fund. Reliance Life Insurance is India's fastest growing life insurance company and among the top 4 private sector insurers. Reliance General Insurance is India's fastest growing general insurance company and the top 3 private sector insurers. Reliance Money is the largest brokerage and distributor of financial products in India with more than 2.5 million customers and the largest distribution network. Reliance Consumer finance has a loan book of over Rs. 8,000 crores at the end of June 2008 Reliance Capital has a net worth of Rs.6, 862 crores (US$ 1.6 billion) and total assets of Rs. 19,940 crores (US$ 4.6 billion) as of June 30, 2008 and over 26,000 employees.Money has increased its market share among private financial companies to nearly Convenient & effective Anytime & anywhere financial transaction capability. Launched in April 2007. It provides the Flat fees system. It has 2.2 million customers in 1 year of official launch. It has over 5,000 outlets across 700 towns/cities. Average daily turnover in excess of Rs 2,000 crores.Considering the entire life market, including the Rs.12,890 crores booked by life insurance Corporation, Reliance life insurance market share works out to around 6.25%. The life insurance market continuous to be dominated by LIC which has about 67% share this only a marginal dip from its 73% share in end-July. These comparisons are only for first year or new business premium. The gap between Reliance life insurance and the second-in-line private insurer is vast. In fact, this scenario has led some analysts to wonder if the company is not a trifle too aggressive. But others say this has more to do with the companies customercentric focus, its pan-India presence and superior risk management and investment strategies. Reliance Money is not, however, resting on its laurels.Companys customer centric approach willbe studied during the training period and the finding company. of the research work will definitely focus on the present condition & future requirement (if any) relating to products of

Parteners of the company

MAJOR SPARKLING POINTS OF RELINACE MONEY:


Reliance Money takes gold to masses, launches gram and 1 gram pure 24 carat Gold Coins First company in India to launch pure gold coins in lower denominations of Gram and one gram Company to tap the large Gifting market in India with this move All gold coins certified 24 carats, 999.9 purity, imported from Valcambi SA of Switzerland Gold Coins would be available across the country at Reliance Money, Reliance World and Reliance Money Partner outlets. Reliance Money and DTDC Tie-Up for Distribution Of Financial Services. Reliance Money Limited will get access to over 3700 DTDC franchisee outlets and 176 DTDCs own offices thus providing RML an unprecedented, far reaching distribution presence in India. Initially, select DTDC outlets will house Reliance Money kiosks thereby increasing the number of footfalls across all these outlets. DTDC will be the first courier company in India to leverage Reliances brand name in the financial services sector and diversify its revenue stream by entering the Indian retail financial services distribution sector. With DTDCs distribution network, Reliance Money will be able to reach out to the smallest of investors in the remotest parts of India thereby achieving its objective of providing safe and secure financial services at a retail investors doorstep, said Mr. Sudip Bandyopadhyay, CEO & Director, Reliance Money Limited. Currently, Reliance Money along with its 44 own branches has over 1,000 franchisees spread across 100 locations all over India. Reliance Money tie up with Sify Technology Reliance Money, the brokerage and financial services arm of Reliance-ADAG, has tied up with broadband service provider Sify Technologies to sell its financial products and services like mutual funds, credit cards, money transfer and insurance products through the internet cafe chain. The move, Reliance Money said, will help it target day traders and the younger generation. Sify has over 3,300 cyber cafes across 150 cities. The tie-up, which is on a revenue-share basis, also covers Sifys 3,000 franchisees providing broadband services to homes. The broadband franchisees would act as marketing agents for Reliance Money products and services. About 50-60% of broadband revenues come from day-traders. With this tie-up, they can target them better. Reliance Money officials are training Sifys 600-people sales team to market its products and services, who in turn will train its franchisees to do the same. The roll-out will begin in a fortnight. While its entire range of products and services will be made available at Sify internet cafes, Reliance Money is hoping the move will further boost usage of its online trading account and portfolio management services.

For Sify, it would mean an additional revenue stream. The initiative would allow us to tap unconventional channels of distribution. With an addition of over 6,000 franchisees

through the tie-up, we will add significantly to our existing distribution strength, Mr. Bandyopadhyayadded

Reliance Money has been distributing its offerings through its existing sales network, Reliance Web worlds and Reliance Communications outlets. Last year, it also tied up with Tata groups IT solutions and service provider arm, CMC Ltd, for installing its web-enabled financial retail kiosks at CMC Franchise. Reliance Money provides a single window, enabling customers to access, amongst others, equity & commodity derivatives, mutual funds, IPOs, life and general insurance products, offshore investments, money transfer, money changing, gold coins and credit cards.

Advantages offered by Reliance money over other companies:


Cost Effective Convenience Security Single Window for Multiple Products 3 in 1 Integrated Access Demat Account with Reliance Capital Other Services like research, live news from Reuter and Dow Jones, etc.

PRODUCT OFFERING
Trading Portal (with almost negligible brokerage) Equity Broking Commodity Broking Derivatives (Futures & Options) Offshore Investments (Contract for Differences) D-Mat Account

Financial Products
Mutual Funds Life Insurance o ULIP plan o Term Plan o Money Back Plan General Insurance o Vehicle/Motor Insurance o Health Insurance o House insurance IPOs NFOs

Value-Added Services
Retirement Planning Financial Planning Tax Saving Children Future Planning Credit Cards Gold coins retailing

Brief introduction to Demat Account:


Demat account allows you to buy, sell and transact shares without the endless paperwork and delays. It is also safe, secure and convenient. What is demat account? Demat refers to a dematerialised account. Just as you have to open an account with a bank if you want to save your money, make cheque payments etc, you need to open a demat account if you want to buy or sell stocks. So it is just like a bank account where actual money is replaced by shares. You have to approach the DPs (remember, they are like bank branches), to open your demat account. Lets say your portfolio has 100 of Satyam, 200 of IBM and 120 of TCS shares. All these will show in your demat account. So you dont have to possess any physical certificates showing that you own these shares. They are all held electronically in your account. As you buy and sell the shares, they are adjusted in your account. Just like a bank passbook or statement, the DP will provide you with periodic statements of holdings and transactions. Is a demat account a must? Nowadays, practically all trades have to be settled in dematerialised form. Although the market regulator, the Securities and Exchange Board of India (SEBI), has allowed trades of upto 500 shares to be settled in physical form, nobody wants physical shares any more. So a demat account is a must for trading and investing. Why demat? The demat account reduces brokerage charges, makes pledging/ hypothecation of shares easier, enables quick ownership of securities on settlement resulting in increased liquidity, avoids confusion in the ownership title of securities, and provides easy receipt of public issue allotments. It also helps you avoid bad deliveries caused by signature mismatch, postal delays and loss of certificates in transit. Further, it eliminates risks associated with forgery, counterfeiting and loss due to fire, theft or mutilation. Demat account holders can also avoid stamp duty (as against 0.5 per cent payable on physical shares), avoid filling up of transfer deeds, and obtain quick receipt of such benefits as stock splits and bonuses.

Indian market scenario


Indian capital market has seen unprecedented boom in its activity in the last 15 years in terms of number of stock exchanges, listed companies, trade volumes, market intermediaries, investor population, etc. However, this surge in activity has brought with it numerous problems that threaten the very survival of the capital markets in the long run, most of which are due to the large volume of paper work involved and paper based trading, clearing and settlement. Until the late eighties, the common man kept away from capital market and thus the quantum of funds mobilized through the market was meager. A major problem, however, continued to plague the market. The Indian markets were drowned in shares in the form of paper and hence it was problematic to handle them. Fake and stolen shares, fake signatures and signature mismatch, duplication and mutilation of shares, transfer problems, etc. The investors were scared and were under compensated for the risk borne by them. The century old system of trading and settlement requires handling of huge volumes of paper work. This has made the investors, both retail and institutional, wary of entering the capital market. However, lack of modernization become a hindrance to growth and resulted in creation of cumbersome procedures and paper work. However, the real growth and change occurred from mid-eighties in the wake of liberalization initiatives of the Government. The reforms in the financial sector were envisaged in the banking sector, capital market, securities market regulation, mutual funds, foreign investments and Government control. These institutions and stock exchanges experienced that the certificates are the main cause of investors` disputes and arbitration cases. Since the paper work was not matching the rapid growth so there was a need for a better system to ensure removal of these impediments.

Object of Demat System


India has adopted this system in which book entry is done electronically. It is the system where no paper is involved. Physical form is extinguished and shares or securities are held in electronic mode. Before the introduction of the depository system by the Depository Act, 1996, the process of sale, purchase and transfer of shares was a huge problem and the safety perspective was zero.

Key Terms and Their Definitions


What is a depository? A Depository is a provider of facility for holding and/or transacting securities in, book entry form. Physical securities can be converted in to book entry form i.e. electronic form by way of immobilization or dematerialization. (so that they exist only as electronic records). India has chosen the dematerialization route. A depository functions somewhat similar to a commercial bank. To avail of the services offered by a depository, the investor has to open a demat account with a registered DP. What is dematerialization (Demat)? Dematerialization is a process by which physical certificates are converted into electronic form. What is Rematerialisation (Remat)? Rematerialisation is the process of converting securities held in a demat account in electronic form back in physical certificate form. Who is a Beneficial Owner (BO)? When physical shares are converted in to electronic form, the depository becomes Registered owner in the books of the company and investors name is removed from books of the company. Depository is holding shares in its records on behalf of the investors who have opened a demat account with the depository. Hence all benefits are given to the actual investor who is called as a Beneficial Owner (BO) of the securities. Who is a Depository Participant? A Depository Participant (DP) is an agent of the depository who is authorized to offer depository services to investors. Financial institutions, banks, custodians and stockbrokers complying with the requirements prescribed by SEBI/ Depositories can be registered as DP. Further information on DP, can be accessed from CDSLs web site www.cdslindia.com. An investor will always interact with a DP for the services and can not directly approach the depository for any services. Who is an RTA? An RTA i.e. Registrar and Transfer Agent is an agent of the issuer. RTA act as an intermediary between the issuer and depository for providing services such as Dematerialization, Rematerialisation, Initial Public Offers and Corporate actions.

What is an ISIN (International Securities Identification Number)? ISIN is a unique 12 digit alphanumeric code given to a security, shares, Debentures, Bonds etc. when the security is admitted in the depository system. First two digits of the ISIN code indicate country of registration for the security. All securities registered on depository in India, first two digits of the ISIN code are IN.

Who is an Issuer? Issuer means any entity such as corporate / state or central government organizations issuing securities which can be held in depository in electronic form.

Some frequently asked questions about demat and related matters:


Who is registered owner of Securities? When securities of a company are held in physical form by an investor, Name of the investor is recorded in the books of the company as a Registered Owner of the Securities. Each certificate is identified by Folio number, certificate number and distinctive range numbers. Whether different securities issued by the same Issuer will have same ISIN? No, different securities issued by the same issuer will have different ISIN code. What is the legal framework governing the depository functions in India? Following are the acts and regulations under which a depository functions: 1. The Depositories Act, 1996, 2. SEBI (Depositories and Participant) Regulations. 3. CDSL Bye-laws which are framed under the above two documents. 4. Prevention of Money Laundering Act (PMLA), 2002 Can a demat account be opened directly with CDSL? A demat account can not be opened directly with CDSL. The demat account has to be opened only though a DP of CDSL. Can an investor, already having a demat account; open another account with any other CDSL DP? Yes. The investor has a choice to open another demat account with any CDSL DP. Can a DP collect account opening charges? SEBI has directed that no investor should pay account opening charges, besides the statutory charges. Can all securities be dematerialized through a single demat account? Yes. Any number of securities admitted with CDSL can be dematerialized and held in one demat account. What should an investor do to open an account with a DP? The process of opening a demat account through a DP of CDSL is very simple and easy. It is similar to the opening of a bank account. Investor has to first choose a DP based on his convenience and the DPs charges. The investor has to submit a completely filled, signed account opening form in the prescribed format along with following documents such as Photocopy of the PAN card, Proof of Identity, Proof of address. List of documents which is acceptable as proof of identity / address can be obtained from the DP. Before opening the demat account, the investor will have to execute an agreement on a stamp paper to be provided by the DP, which defines the rights and obligations of both, the investor and the DP. On opening a demat account, a unique BO ID (Beneficial Owner Identification) Number is allotted, which should be quoted in all future transactions. Is it mandatory to submit PAN card details? Yes. SEBI has made it mandatory for all existing and new account holders to submit a copy of their PAN card, along with the original for verification.

Why bank details are required while opening a demat account? This requirement is a security measure. The Dividend / interest warrants issued by the Companies will have your name printed on it, so that the warrants can not be misused by other person. Can an investor open multiple demat accounts? There is no restriction on number of demat accounts which an investor can open. Is there any restriction to have demat account with only one DP? A BO can open multiple demat accounts with the same DP of with different DPs. Can a demat account be opened in the name of Joint Holders? Yes. A demat account can be a single holder account or a joint holder account. A demat account can have maximum three account holders i.e. one main holder and two joint holders. Can a Demat account be opened for a minor? Demat account can be opened in the name of a minor. The account will be operated by a guardian till the minor becomes major, Guardian has to be the father or in his absence mother. In absence of both, father or mother, the guardian can be appointed by court. Can minor be a joint holder in another demat account? No. Minor can not be a joint holder in a demat account. What happens to a minor account when the minor becomes major? When a minor attains majority, two options are possible. Either the existing account can be closed and new account opened in the name of the minor turned major and all securities in the minor account are transferred to the new account. Existing account can still be used. Minor turned major has to sign a new agreement with the DP and complete all formalities required for opening a new demat account. Guardian details entered earlier have to be deleted. Can any information submitted at the time of opening a demat account be modified at a later date? Yes. Except names of the account holder(s) and type of the account, all other information such as address, bank details, date of birth etc. can be modified.

What is the procedure to be followed for account modification? An account modification form duly signed by the account holder(s), along with the required documents as proof for the modification, has to be submitted to the DP who will verify the request and carry out the modifications in the depository system. In case of a joint demat account, can a joint holder independently ask for account modification? No. For a joint demat account, account modification form has to be signed by all the joint holders.

If one of the joint holders expires, Can name of the deceased account holder be deleted from the account? No. If one of the joint holder expires, new demat account should be opened in the name of surviving joint holders and securities from the previous account should be transferred to the new account. Can joint holder names be added / deleted from a demat account? No. Once a demat account is opened addition / modification / deletion of account holder names is not permitted. Can securities of different companies held in one demat account? Yes. Does a BO have to keep any minimum balance of securities in his demat account? A demat account can be opened and maintained even with nil balance. Can holdings in a single holder account be transferred to a joint holder account? Yes. Securities can be transferred from a single holder account to a joint account or vice-aversa. How does a BO get information that his account has been updated after each transaction? a. DP sends to BO, a statement of transactions and balances at least once every month, even where a single transaction has taken place during the month. The statement can be sent more frequently, if so desired by BO against payment of additional charges. b. A BO can find out up-to-the-moment status of his account any-time, any-where by using internet based facility easi launched by CDSL. The BO has to register for easi through his DP. Currently the transaction details are updated every 15 minutes. c. A BO can also get details of debits to the demat account directly from CDSL by registering to SMART, the SMS alert facility of CDSL

What happens if a BO loses his statement of holdings? The BO should inform the DP about the loss of the statement of holdings and request for the issue of a duplicate statement. Do all DPs have access to account details of all CDSL BOs? No. A DP cannot access the BO accounts of any other DP. It can have access only to those demat accounts, which are serviced by it. Where can an NRI/PIO open a demat account? NRI/PIO can open a demat account with any Depository Participant [DP] of CDSL. The NRI/PIO needs to mention the type [NRI as compared to Resident] and the sub-type [Repatriable or Non-Repatriable] in the account opening form collected from the DP. Does an NRI need any RBI permission to open a demat account? No permission is required from RBI to open a demat account. However, credits and debits from demat account may require general or specific permissions as the case may be, from designated authorized dealers.

What is Power of Attorney (POA) in demat scenario? Power of Attorney is authority given by a demat account holder to some other entity operate his demat account. Who can be a POA holder? POA holder can be an individual or a corporate entity. What are types of POA? The POA can be General purpose POA i.e. the POA holder can perform all activities on behalf of the original holder(s) Specific purpose POA i.e. the POA holder can perform only certain operations. Is there any specific format for execution of POA? The format of POA depends upon the intention of the powers being given to the POA holder. Can Power of Attorney (POA) be given for a joint demat account? Yes. POA be given by holders of a joint demat account. All the holders may give POA to a single entity or each holder may give POA to a separate entity. Should the Power of Attorney (POA) be notarized? Notarization of POA is at the discretion of the DP. Can the BO submit a copy of POA? Yes. Copy of the POA document submitted should be certified as a TRUE COPY by the BO(s). Can Multiple POAs be given by the same holder? Yes, the same holder can give Multiple POAs. Can BO himself give instructions when POA exists? Yes, both BO & POA can sign instructions. Can POA close a demat account? No, POA holder cannot close a demat account. Can POA holder give nomination instruction to the DP? No, POA cannot give nomination instruction. Is dematerialization of securities compulsory? According to the Depositories Act, 1996, an investor has the option to hold securities either in physical or electronic form. Part of holding can be in physical form and part in demat form. However, SEBI has notified that settlement of market trades in listed securities should take place only in the demat mode.

What type of instruments are available for demat at CDSL? All types of equity/debt instruments viz. Equity shares, Preference Shares, Partly paid shares, Bonds, Debentures, Commercial Papers, Certificates of Deposit, Government Securities (GSEC) etc. irrespective of whether these instruments are listed / unlisted / privately placed can be dematerialized with CDSL, if they have been admitted with CDSL. Can any securities held in physical form be dematerialized? Only those securities held in the form of certificates and also admitted with CDSL can be dematerialized. Securities held in street name (sellers name) cannot be dematerialized by the buyer in his / her demat account.

Procedure for Dematerialization?


Following steps have to be followed by a BO to dematerialize physical securities: a. Open a demat account with a DP. b. Fill in a DRF (Demat Request Form) and submit the same with the physical certificate/s to the DP for dematerialization. c. DP to verify that the form has been filled correctly. d. Setup the demat request on the CDSL system. e. Deface and mutilate the physical certificates. f. Send the certificates to the Issuer/Registrar who verifies genuineness of the certificates and credits an equivalent number of securities in the demat account of the BO maintained by CDSL. g. For each ISIN, a separate DRF has to be used. h. If the BO has free as well as lock-in shares of the same ISIN, separate demat request has to be setup for free shares and lock-in shares. i. For lock-in shares, separate demat request has to be given for different lock-in codes or for different lock-in expiry dates . computerized trading screens available with the NSE trading members or the internet based trading facility provided by the trading members of NSE.

Prepaid Demat Account from reliance money


There are many broking houses doing business in India and they charge a brokerage on every transaction made online or offline. (Buying and Selling are treated as separate transaction). Reliance Moneys advantage over others is that its charging the lower brokerage in the market. Reliance Money, the brokerage and distribution arm of Reliance ADA Group, aims to tap investors in the smaller towns and cities through a flat fee structure. The current leaders in the retail broking segment like ICICI Direct, India Infoline and Indiabulls offer a pay per use model where the customer pays a percentage of the amount transacted by him. Reliance Moneys brokerage rates are quite competitive. The new wonder is Reliance Money's pre-paid card for stock market brokerage. Reliance Money, the financial services division of Anil Dhirubhai Ambani Group-promoted Reliance Capital, is bringing to the market pre-paid cards in denominations of Rs500, Rs1000, Rs2,500 and Rs5000 with validity period of annual, two months, six months and twelve months respectively. These cards would offer brokerage at one-third of the rate being charged by institutional and individual brokerage houses. Sample this. For a pre-paid card worth Rs1000, an investor can trade up to Rs90 lakh in futures and option segment or can undertake intra-day trade of similar amount. Besides, an investor can undertake a delivery-based activity of Rs10 lakh. The Rs2500 worth pre-paid card, total trading limit would reach Rs 3 crore, of which Rs 2.70 crore is for the F&O segment and balance Rs30 lakh for delivery-based activities. For Rs5000 pre-paid card, total trading limit is fixed at Rs7 crore, that include F&O limit of Rs6.3 crore and balance Rs 70 lakh for delivery-based broking.

The Limit Card Tariffs effective from May 31st, 2010 are as follows*: Value (Rs.) 500 * 1000 * 2500 * 5000 * Delivery turnover (Lacks) 2 10 30 70 90 270 630 Margin Validity (days) turnover (Lacs) 365 60 180 365

Card Name PR 500 Bi-monthly Half Yearly Annual

Application Processing Charges (Trading & Demat) Rs. 750/- (inclusive of service tax). *Service tax will be levied separately. Brokerage of Rs. 15/- will be charged per executed order for the Cash Segment and for Future Contracts in the Derivative Segment. Service Tax will be levied separately. Brokerage of Rs. 15/- will be charged per executed lot for the option contracts in the Derivative Segment. Service Tax will be levied separately. STT, Stamp Duty, Turnover Charges and any other statutory levies charged separately as applicable. Margin Turnover means the Intra-day turnover in the Cash Segment and the F & O Turnover. Unutilized turnover will be rolled over if a limit card is assigned to you within 6 calendar days of expiry of your last card. Assignment will happen only if an order placed by you is executed. Maximum possible rollover is Rs. 10 Crores for the Intraday Turnover and Rs. 1 Crore for the Delivery Turnover. The roll over benefit is not available for the PR-500 card. On expiry of your card and/or your failure to renew, you may be allowed to trade for the day. At the end of the day or on the subsequent days, after reconciliation we shall allot you, a default Bi-Monthly card and debit your account accordingly. Switching from Limit Card Scheme to Percentage Brokerage Scheme is NIL.

FEE STRUCTURE AND VALIDITY TIME

Percentage Brokerage Module

Delivery( NSE, BSE Cash Margin( NSE, BSE Cash Options Segment) Intraday & Futures) Monthly Turnover More 2.5 Cr More 2.5 Cr than than Brokerage 0.15% 0.15% Monthly Turnover Brokerage Monthly Premium Turnover Brokerage Per Lot (In Rs.)

50 Cr. Or 0.015% More 25 Cr. To 0.02% 50 Cr. 10 Cr. To 0.03% 25 Cr. 5 Cr. To 10 0.03% Cr. 2 Cr. To 5 0.04% Cr. Less than 2 0.05% Cr. *

25 Lacs Or 50 More 25 Lacs Or 50 More 10 Lacs To 60 25 Lacs 5 Lacs To 10 70 Lacs 2 Lacs To 5 80 Lacs Less than 2 100 Lacs *

50 Lacs to 0.20% 2.5 Cr. 25 Lacs to 50 0.30% Lacs 10 Lacs to 25 0.40% Lacs Less than 10 0.45% Lacs * * is the default slab

Application Processing Charges (Trading & Demat) Rs. 750/- (inclusive of service tax). For NSE, BSE Cash Segment Intraday , brokerage is charged on both the legs For Futures & Options intraday , no brokerage is charged on Second leg No separate brokerage of Rs 15 per executed order. Service tax, Securities Transaction Tax, Stamp Duty, Turnover charges and other government / statutory levies will be charged as applicable. Switching Charge from Percentage brokerage module to Limit card module is Rs 200. Client will be moved from Default Slab to a lower slab according to the sliding scale table on achieving any turnover condition; either in Delivery, Margin Or in Option . Difference in the brokerage between 2 slabs shall be refunded in your Reliance Securities ledger in the first week of next turnover cycle. Turnover cycle will be considered between 26th of current month to 25th of Next Month.

Depository participants (DP) charges


Sr.no. 1 Particulars Annual Service Charges (AMC) i)Individual / HUF / Trusts ii)NRI / Foreign Nationals iii) Corporate / Others 2 Transaction Charges on Sell (Market and Off Market) i)For Instructions given in Physical Form 25 per ISIN per ISIN ii) For Instructions received through Internet / Online Trading through Reliance Securities 12 Ltd. iii) Extra charges for processing of instructions submitted on the execution date (accepted at 10 Client's Risk, only for Physical Instruction) 3 Dematerialization i)For each DRF (request form) ii) Extra for each certificate 4 Rematerialisation Subject to a minimum of Rs. 40 for 100 securities plus Regd. Post charges subject to a minimum of Rs. 25 per ISIN per statement 20 2 200 1000 1000 Rs. Remark

per ISIN

i) i) For each certificate

25

5 6 7

Closure of Account Pledge set up / Removal / Invocation Additional Physical Account Statements i)Individual / HUF / Trusts/ Corporates ii) NRI / Foreign Nationals

NIL 25 40 NIL 50 per type of request

1000 per statement

8 9 10

Custody Charges Re-issue of DIS Booklet

Request for Modification of details like Bank 40 Account/ Nominee Details / Address Change

* There will be a charge of Rs. 100/- for dishonor of any cheque or unsuccessful attempt to recover payment through direct debit or ECS. The depository services are liable to

discontinuation if Reliance Capital Limited is unable to recover charges from the customer, for any reason whatsoever. There will be a charge of Rs. 250/- for resumption of services in such cases. Reliance Capital Limited will resume services after a minimum of 3 working days from the date of receipt. * Any service, which is not mentioned above, will be charged separately as per the rates applicable from time to time. * Reliance Capital Limited reserves the right to revise the tariff structure from time to time with a notice of 30 days. This notice may be given by ordinary post or by an advertisement in a National Daily or by email to customers . * In case the demat account is closed during the year; no pro-rata refund of account Annual Service Charges (AMC) will be made * Service tax and other government / statutory levies will be charged extra.

Converted to percentage termsReliance Money offers most competitive brokerage rates - 0.45% for delivery trades and 0.05% for non-delivery trade for turnover less then 10 lacks per month, 0.4 for delivery trades and 0.04 for intraday and future upto 25 lacks, 0.15 for delivery trades and 0.015 for intraday and future for the turnover more than Rs 2.5 crore. Industry rates vary between 0.4% to 0.85% for delivery trades and between 0.05% and 0.10% for non delivery trades. Target low level of retail penetration in India - less than 3 per cent of household financing savings makes it into equity markets Reliance Money consumers can trade in equities, commodities and offshore Investments , IPOs, Mutual Funds, Insurance, Money transfer and Money Changing - all through single window, both off-line and online. Reliance Money has already tied-up with CMC Capital Plc UK to offer offshore Investment products to Indian consumers as per guidelines.

How reliance money scored over others?

Two way authentication: Reliance offers its customers with a token (an electronic gadget) that generates a password, which are a third level of security in addition to the customer log in and a password provided. The password generated by the token is valid only for a period of 20 seconds. If the web page expires, for the fresh login, a new password generated by the token has to be keyed in by the customer.

Lowest brokerage: Reliance offers the lowest brokerage of 1 paisa which is very less with respect to the other DPs in the market. User friendly software: The portal offered is very easy to understand and use. Forex and offshore investment: Reliance provides the offshore facility which no other AMC is providing in the market. Better research and news: Reliance offers news from the DOW JONES and REUTERS .

Required Documents

The extent of documentation required to open a demat account may vary according to your relationship with the institution. If you plan to open a demat account with a bank, a savings, current and, or other account for which the holder have been issued a check book, such holder has an edge over the non-account holder. In fact, banks usually offer additional incentives to customers who open a demat account with them. Along with the application form, your photographs (with co-applicants) and proof of identity/residence/date of birth have to be submitted. The DPs also ask for a DP-client agreement to be executed on non-judicial stamp paper. Here is a broad list: A canceled check, preferably MICR Proof of Identification Proof of Address Proof of Pan card (mandatory) Recent photographs, one and, or more For proof of identification and, or address self-attested facsimile copies of PAN card, Voters ID, Passport, Ration card, Drivers license, Photo credit card, Employee ID card, Bank attestation, latest IT returns and, or latest Electricity/Landline phone bill are sufficient. While they only ask for photocopies of the documents, they will need the originals for verification.

Points To Remember
1. Only securities admitted by NSDL can be dematerialized. The list is available with your DP. 2. Only securities registered in the name of the account holder can be dematerialized. 3. Dematerialization is normally completed within 15 days after the share certificates have reached the issuer/ their R&T Agent. Thus it may take you a month from the date you hand over shares, to receive demat credit. 4. Dematerialization would be done only when the issuer / their R&T Agent is satisfied of genuineness of securities & ownership status. 5. All the joint holders should sign the DRF. 6. The pattern of holding in the DRF should match the pattern of holding on the share certificate & the pattern in which account is opened. 7. Demat requests with name(s) not matching exactly with the name(s) appearing on the certificates merely on account of initials not being spelt out fully or put after or prior to the

surname, would be processed, provided the signature(s) of the client(s) on the DRF tallies with the specimen signature(s) available with the issuer/ their R & T agent. 8. If the signature in the DRF does not match with the signature available with the issuer/ their R & T agent, the issuer/ their R & T agent may at the time of demat confirmation, ask for additional documentation (like bank attestation/ notarisation, etc.) to prove that the certificate belongs to the person who forwarded the DRF. 9. In case there is any problem in processing the DRF, contact your DP and if he cannot resolve the problem you may contact NSDL.

SWOT ANALYSIS
Strength
Co-operative and Managers Good Database Reliance Brand Low pricing Experienced Branch

Weakness
Inexperienced Staff Low awareness due to lack of advertisement. Lack of loyal clientage Developing product.

Opportunity
Untapped Market Increased spending power Changing Mindset of Customers Unpredictable markets

Threat
Reach Stiff competition from existing players in the market Better products New entrants

Benefits of having a reliance money account


Its cost effective
You pay comparatively lower transaction fees. As an introductory offer, we invite you to pay a flat fee of just Rs. 500/- and 750/- and transact through reliance money. This fee is valid for two months or a specified transaction value See the table below for details.

Its offers single window access


Through reliance moneys associates, you can transact in equity, equity and commodities derivatives, offshore investments mutual funds, IPOs life insurance, general insurance, money transfer, money changing and credit cards, amongst others.

Its convenient
You can access reliance moneys services through The internet Transaction kiosks The phone (call & transact) Our all India network of associatesOn an assisted trade (through the call centre or our network of associates) a charge of Rs 12 per executed trade will be applicable.

Its Safe
Your account is safeguarded with a unique security number that changes every 32 seconds. This number works as a dynamics password to keep your account extra safe.

Its provides you a demat account


You get your own demat account with reliance capital at an annual fee of just Rs. 50/-. Its provides you a 3-in-1 facility. You can access your banking, trading and demat account through a single window and transfer funds across accounts seamlessly.

It provide you value- added services


At www.reliancemoney.com, you get
Reliable

research, including views of external experts with an enviable track record

Live news updates from Reuters and Dow Jones CEOs / expert views on the economy and financial markets Tools that help you plan your investments, tax, retirement, etc. in the personal finance section Risk Analyzer for analysis of your risk profile Asset allocators to build an appropriate investment portfolio Innovative use of technology for facilitating convenient trading/investments

kiosks (similar to ATMs)

Reliance Money Provide the kiosks (similar to ATMs) Facilities, to their customer through which the customers can trade on available kiosks at the particular Branch of Reliance Money. The company is going to open these kiosks in the market as the ATMs of the Banks.Reliance Money provides 3 different trading platforms for equity trading: Insta Trade Fast Trade Easy trade

A comparative study of Demat account and facilities offered by different DPs

Particulars Account opening fees Annual maintenance charges Treading type SMS service Online transfer from banks Margin money must Brokerage charges

Allowed margin treading Square off time

Reliance money 750/1st year free and 200/- after that Online and offline both Paid (2450 per year) HDFC, ICICI, AXIS, IDBI 20000/30 paisa for delivery and future and 3paisa for intraday convertible to 15paisa and 1.5 paisa for the same 5 times of the margin money in the trading account Same day at 2:55pm for future and option and 3:05 for equity trading without informing the BO

India bulls 900/free Online and offline both free HDFC, ICICI, AXIS, YES, no 30 paisa for delivery & future and 3 paisa for intraday convertible to 20paisa and 2 paisa 5 times of the margin money in the treading account Same day without informing the BO

Particulars Account opening fees Annual maintenance charges Treading type SMS service Online transfer from banks Margin money must

Brokerage charges

Allowed margin treading Square off time

Angle Broking Share Khan 500 if the margin money is Free 5000 and zero if margin money is 10000 and above 299/First year free and 400/- after that Online and offline both Online and offline both Free Free HDFC, ICICI, AXIS, YES HDFC, ICICI, AXIS,OBC BANK Different scheme need 10000/different margin money in the treading account; as:5000+500(AOF) 10000,50000 Depending on the scheme 30 paisa and 10 paisa for chosen delivery and intraday If 5500/- then 25 paisa and respectively convertible to 25 2.5paisa and if 50000/- then paisa and 3 paisa 10 paisa and 1 paisa for delivery and intraday respectively 7 times of the margin money 5 times of the margin money in the trading account in the trading account After 5 treading days Same day without informing informing the BO the BO

Particulars Account opening fees Annual maintenance charges Treading type SMS service Online transfer from banks Margin money must Brokerage charges

India infoline Advance brokerage for three months 750/300/- per year or 555/- life time Online and offline both 250/- per month ICICI, HDFC, AXIS, YES BANK, BANK OF BRODA, CITY BANK NO 30 paisa and 3 paisa for delivery and intraday respectively convertible to 20 paisa and 2 paisa

Edelweiss 750/First year free and 500/- after that Online and offline both free ICICI, HDFC, AXIS, YES BANK, Kotak Mahendra

Allowed margin treading Square off time

NO 50 paisa and 5 paisa for delivery and intraday respectively. It offers different annual prepaid plans with different charges starting from 33 paisa and 3.3paisa to 10 paisa and 1paisa 10 times of the margin 5 times of the margin money money in the trading account in the trading account Up to three times is not The same day without squared off instead 18% informing the BO annual interest is charged and rest is squared off the same day

Particulars Account opening fees Annual maintenance charges Treading type SMS service Online transfer from banks Margin money must Brokerage charges Allowed margin treading Square off time

Ventura Securities Free Free Online and offline both Free ICICI, HDFC, SBI, AXIS, VIJYA BANK,FEDERAL BANK, BANK OF INDIA NO Brokerage is charged only on selling of shares buying is free and on selling 15 paisa and 2 paisa for delivery and intraday and 35 paisa per lot of future trading 4 times of the margin money in the trading account The same day without informing the BO

RELIANCE LIFE INSURANCE


Reliance Life Insurance, a part of the Reliance - Anil Dhirubhai Ambani Group is India's fastest growing life insurance company and among the top 4 private sector life insurers.Reliance Life Insurance has a pan India presence and a range of products catering to individual as well as corporate needs. Reliance Life Insurance has over 700 branches and 1, 80,000 agents. It offers 26 products covering savings, protection & investment requirements. Reliance Life Insurance will endeavor to attain a leadership position in the market over the next few years, by further expanding and strengthening its distribution network and offering a diverse array of products to suit the varied and specific needs of individual customers.

Basics of Life Insurance


What is Life Insurance?
An amount of money paid to someone (called beneficiary) when the Life Assured (in whose name the insurance policy is taken) dies. This amount can be used to pay the expenses related to Life assureds death or can be invested to generate income that will replace your salary. Life Insurance is an important tool in any investors portfolio & can be used for - wealth creation, asset building, provide for contingencies and retirement planning.

The main reason to buy Life Insurance is to provide income replacement for your loved ones Types of Life Insurance Policies
Most Insurance policies are a combination of Savings & Protection. Products are formulated by either increasing or decreasing either one of these components. These combinations can be broadly divided into 4 groups -ULIPs -Term Insurance -Endowment Policies : Whole Life; Unit Linked etc -Annuities & Pension

Life stage in life insurance

Peak earning age range. High asset creation & build up of liabilities. Critical stage for dependents Introduction ofdependents. Start of financial planningbalance between asset creation & protection

Asset base build up & liabilities reduced/ taken care of. Need for retirement planning more than protection.

No dependents/ liabilities therefore need for insurance is less

Need for protection low. Greater need for regular income flow.

25-30 Married couples with no kids

30-45 years Couples with children

45 yrs and above Matured couple Retired

18-25 (Unmarried)

Endowment / ULIPs

Endowment / ULIPs + Term

Annuities

Need Analysis in life Stages

LIFE STAGE EXAMPLES

standing

AGE 18yrs - 25yrs

STATUS Unmarried

INSURANCE NEEDS 1.Go on a holiday 2.Buy a new Car 3.Set up a new house 4.Set up Interiors

SUGGESTED PRODUCTS Short Term Endowment Product

25yrs -30yrs

Married

5.Buy jewellery 1.High Debt, high expenditure Temporary term or Phase whole life Product 2.Family dependency on your income 3.Low accumulated wealth 4.Need for Planning Requirement 1.Retirement Planning 2.Wealth transfer or saving vehicles 3.Returns on investment 4.Opting for guaranteed Product 1.Protection in case you live long 2.Protection for spouse in case of death 3.Wealth accumulation for children Profits or Unit Linked Endowment/ Deferred annuities

30yrs - 45yrs

Matured Couple

60yrs and Above

Post Retirement

1.Single Premium annuities 2.Long term care products 3.Whole life Products

Endowment Term

Savera has justcome to our lives. As proud parents, Weneed to protect her as well as create herown financial

Hello, I am Philip, sailor. Have seen the world. Always on cruise and keep

worrying about family and the loans. I need financial Protection if I do not return from one voyage

Annuities
Worked for almost
25 years, now want

To live..I want something that willsomething that will make my life Chinta-free after retirement.

Products of Life Insurance


Life Insurance products are usually referred to as plans of insurance. These plans have two basic elements; one is the Death Cover providing for the benefits being paid on the death of the insured person within a specified period. The other is the Survival Benefit providing for the benefit being paid on survival of a specified period. Plans of insurance that provide only death cover are called Term Assurance Plans. Plans of insurance that provide only survival benefits are called Pure Endowment Plans. Term Life Insurance Term Life Insurance provides protection for a specified period of time. A death benefit is paid to the beneficiary if the insured dies within a specified period of time while the policy is still in force.

Whole Life Insurance Whole Life insurance is a permanent life insurance and provides protection for life. As long as premiums are paid, a death benefit is paid to the beneficiary.

ULIPs A ULIP is a life insurance which provides a combination of Life Insurance protection and investment. Money can be invested in the following fund:- Equity Fund, Debt Fund, Money Market Fund (Liquid Fund) and Balance Fund.

Annuities Annuities are practically the same as pension. Pension provides periodical payments to the employees, who have retired. They are paid as long as the recipient is alive. Annuities are called the reverse of Life Insurance.

Solutions for Individuals - RGI


Taking time out from your daily schedule to plan your future is a necessary task. You could do with some help, but who can help you? Reliance Life Insurance is here with Solutions for Individuals, a series of plans that will help you make wise investments, protect even chalk out a plan for your retirement. your family, secure your childs future and

INSURANCE PLANS

Protection Plans Protect your family even when youre not around by investing in Reliance Protection Plans. Choose a limited period plan or a lifetime protection plan depending on your needs. The latest Protection Plans are as below 1. Reliance Term plan 2. Reliance Simple Term plan 3. Reliance Special Term plan 4. Reliance Credit Guardian plan 5. Reliance Special Credit Guardian plan 6. Reliance Endowment plan 7. Reliance Special Endowment plan 8. Reliance connect to life plan 9. Reliance Whole Life plan 10. Reliance Wealth + Health plan 11. Reliance Cash Flow plan

Savings & Investment Plans


Reliance Savings & Investment Plans help you to set aside some money to achieve specific goals in life, which means that you can enjoy life and provide for your familys daily needs. The savings and investment Plans are as below 1. Reliance Total Investment Plan Series I - Insurance 2. Reliance Wealth + Health plan 3. Reliance Automatic Investment plan 4. Reliance Money Guarantee plan 5. Reliance Cash Flow plan 6.Reliance Market Return plan 7. Reliance Endowment plan 8. Reliance Special Endowment plan 9. Reliance Whole Life plan 10. Reliance Golden Years Plan 11. Reliance Golden Years Plan Value

12. Reliance Golden Years Plan Plus 13. Reliance Connect 2 Life plan

Retirement Plans Invest today in Reliance Retirement Plans and save money to enjoy life even after

retirement. You will never have to depend on another person or make any compromises to maintain your current lifestyle. The latest Retirement Plans are as below 1. Reliance Total Investment Plan Series II Pension 2. Reliance Golden Years Plan 3. Reliance Golden Years Plan Value 4. Reliance Golden Years Plan Plus 5. Reliance Wealth + Health plan 6. Reliance Automatic Investment Plan 7. Reliance Money Guarantee Plan

Child Plans Save systematically and secure your childs future needs by investing in Reliance Child Plans. You can always be there for your child when he or she needs you. The Childs plans are as below 1. Reliance Child plan 2. Reliance Secure Child plan 3. Reliance Wealth + Health plan

Market Return Plan Under This plan the investment risk in the investment portfolio is borne by the policyholder. key features Twin benefit of market linked return and insurance protection A unit linked plan, different from traditional life insurance products with maximum maturity age of 80 years. Option to create your own portfolio depending on your risk appetite. Choose from four different investment funds Flexibility to switch between funds Option to pay regular as well as single premium & top- ups

Option to package your policy with accidental rider Flexibility to increase the sum assured Liquidity through partial withdrawals How does this plan work The premium paid by the client net of premium allocation charges is invested in fund/funds of your choice and units are allocated depending on the price of units for the fund/funds. The fund value is the total value of units that you hold in the fund/funds. The mortality charges and policy administration charges are deducted through cancellation of units whereas the fund management charge is priced in the unit value.

Benefits Life cover Assured: in case of unfortunate loss of life, the beneficiary will get sum assured or fund value, whichever is higher. The client can choose the basic sum assured within the minimum and maximum levels mentioned below. Minimum sum Assured: Regular premium: annualized premium for 5 years or annualized premium for half the policy term, whichever is higher. Single premium: 125% of the single premium. Maximum sum Assured No limit (50000 for age up to 12 years) Maturity Benefits On survival to maturity the fund value on maturity will be paid out. Rider Benefits The Client can add the Accidental Death & Total and Permanent Disablement Benefit Rider (available only with the regular premium option).This benefit doubles the life coverage in case of accidental death or accidental total and permanent disablement at a very nominal additional cost. The maximum cover is Rs. 50, 00,000 per life.In case of accidental death of the life assured during the policy term, the accident benefit sum assured will be paid immediately in a lump sum.In case of accidental total and permanent disablement, 1/10th of the accident benefit sum assured will be paid at the end of each year for ten years. If the disablement has commenced, the accidental death benefit cover ceases. In case of maturity or on death of the life assured before payment of all installments of accidental total and permanent disablement benefits, the remaining unpaid installments of any will be paid in one lump sum total and permanent

along with death or maturity benefit.Accidental total and permanent disablement means disability caused by bodily injury, which causes permanent inability to perform any occupation or to engage in any activities for remuneration or profits. This disability should last for at least 6 months before being eligible for accidental total and permanent disablement benefits. Accidental total and permanent disablement includes loss of both arms and both legs or one arm and one leg or of both eyes. Loss of arms or legs means dismemberment by amputation of the entire hand or foot. Loss of eyes means entire and irrecoverable loss of sight.

What are the different fund options.


We understand the value of your hard earned money and in our Endeavour to help you grow your wealth, we offer you 4 different tailor-made investment funds. You have the option to allocate your premium in these funds as you wish.

They are: 1. Capital Secure Fund:


The investment objective of this fund is to maintain the value of all contributions (net of charges) and all interest additions. This fund offers steady return for little risk. The risk profile of this fund is low. Investments would be 100% in bank deposits, government bonds and debt instruments that offer financial security.Further, allocation in Capital Secure Fund for a policy is subject to a maximum limit of 40% at any time.

2. Balanced Fund:
The investment objective of this fund is to provide you with investment returns, which exceed the rate of inflation in the long term while maintaining a low probability of negative investment returns. Here, a major portion of your funds are invested in Fixed Securities while a small percentage is invested in the equity market, which is exposed to market movements. The risk profile of this fund is low to medium.Investments would be at least 80% in fixed interest securities and maximum 20% in equities.

3. Growth Fund:
The investment objective of this fund is to provide you with investment returns, which exceed the rate of inflation in the long term while maintaining a moderate probability of negative investment returns. A

greater portion of your funds are invested in fixed securities while a small percentage is invested in

the equity market, which exposed to market movements. The risk profile of this fund is medium to high.Investment would be at least 60% in fixed interest securities and maximum 40% in equities.

4. Equity Fund:
The investment objective of this fund is to provide policyholders with high exposure to equities and the possibility of investment returns, which generate a high real rate of return in the long term while recognizing that there is a significant probability of negative investment returns in the short term. This fund offers a totally equity based investment option. Your returns depend entirely upon the performance of the equity market. The risk profile of this fund is high. The higher risk of this portfolio means that expected returns would also be higher.Investment would not exceed 30% in bank deposits and may be up to 100% in equities.

Value of Units:
The market value of assets plus/less expenses incurred In the purchase/sale of assets plus current assets plus Any accrued income net of fund management charges Less current liabilities less provision

Unit Value

=
Total number of units on issue (before any new units are allocated/redeemed.)

Who can Buy the product


Minimum age at entry Minimum age at entry Minimum age at entry 30 days 65 years 80 years

What is the policy term


Minimum policy term Minimum policy term 5 years 40 years 5-9 10 - 14

Years

Flexible premium payment modes:


Choose from five premium payment modes. a) Annual minimum premium is Rs. 10,000. b) Half yearly minimum premium is Rs. 5,000. c) Quarterly minimum premium is Rs. 2,500. d) Monthly minimum premium is Rs. 1,000. e) Single premium minimum premium is Rs. 25,000.

Charges under the plan: 1. Premium allocation charge


For regular premium policies: Term of the policy as below

15+ First year Thereafter 10% 5% 15% 5% 20% 5%

(The premium allocation charge for single premium & top ups is 2%.) 2.Policy Administration charges: Rs. 40 will be deducted from your unit account each month.

3. Fund Management Charges: (The fund management charges will be deducted on a daily basis.) Unit Linked Funds
Capital Secure Balanced Fund Growth Fund Equity Fund

Annual Rate
1.50% 1.50% 1.75% 1.75%

Revision of charges:
The fund management charges are subject to revision at any time, but hey will not exceed 2% p.a. for the capital secure fund and 2.5% p.a. for the other funds.Any changes made to the charges under this policy will be subject to IRDA approval.

4. Partial Withdrawal Charges:


Rs. 100 per withdrawal will be deducted from your unit account.

5. Switching Charge:
1% of the amount switched, with a maximum of Rs. 1,000/- per switch.

6. Mortality Charges:
The Mortality charges, based on your attained age, are determined using 1/12th of the charges are different.

7. Surrender Charge:
This charge is levied on the unit fund at the time of surrender of the policy as under:

Number of years premiums paid

Surrender charge as percentage of


fund value

Less than 1 1 2 3 and more

100% 50% 20% NIL

8. Service Tax Charge


This charge will be levied on mortality, accident & disability benefit charges. The level of this charge will be as per the rate of service tax on risk premium levied by the government from time to time the correct rate of service tax is 12.36% this charge shall be collected along with charges.

How safe is your investment


The investments made in the unit funds are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and the factors influencing the capital market, and the insured is responsible for his/her decisions. The unit price is a reflection of the financial and equity/debt market conditions and can increase or decrease at any time due to this. Benefits payable under the policy will be made according o the tax laws and other regulations in force at that time. There are no guarantees for any fund of any kind under this policy. The benefit payable on maturity will be equal to the value of your units. The name in the funds in n way indicates the returns derived from them. Please note that Reliance life Insurance company limited is only the name of the insurance company and Reliance market return plan is only the name of the unit linked life insurance policy and does not in anyway indicate the quality of the policy or its future prospects or returns

Free Look Period.


In case the policyholder disagrees with any of the terms and conditions of the policy, he may return the policy to the company within 15 days of its receipt for cancellation, stating his/her objections in which case the company will refund an amount equal to the non allocated premium plus the charges levied by cancellation of units plus fund value as on the date of receipt of the request in writing for cancellation, less the proportionate premium for the period the company has been on risk and the expenses incurred by the company medical examination and stamp duty charges. If the risk acceptance date falls within cooling off period, then on cancellation RLIC shall pay fund value less of charges.

Reliance mutual fund


The Concept of Mutual Fund
A mutual fund is a common pool of money into which investors place their contributions that are to be invested in accordance with a stated objective. The ownership of the fund is thus joint and mutual; the fund belongs to all investors

Reliance Mutual Fund


Reliance Mutual Fund (RMF), a part of the Reliance - Anil Dhirubhai Ambani Group, is India's leading Mutual Fund, with average Assets under Management of Rs. 90,813 crores for the month of June 2008, and an investor base of over 6.7 million. Reliance Mutual Fund offers investors a well rounded portfolio of products to meet varying investor requirements. Reliance Mutual Fund has a presence in 300 cities across the country and constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Ltd., a wholly owned subsidiary of Reliance Capital Ltd.

Types of Mutual Funds on the Basis of Risk Vs Returns

Sector Funds Diversified equity funds Balanced Funds MIPs Glit funds Income Funds RETURNS Floaters Money Market Funds

RISK

Frequently used term in Mutual Funds


Net Asset Value (NAV) Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date. Sale Price Is the price you pay when you invest in a scheme. Also called Offer Price. It may include a sales load. Repurchase Price Is the price at which a close-ended scheme repurchases its units and it may include a back-end load. This is also called Bid Price

Redemption Price
Is the price at which open-ended schemes repurchase their units and close-ended schemes redeem their units on maturity? Such prices are NAV related.

Sales Load Is a charge collected by a scheme when it sells the units. Also called, Front-end load. Schemes that do not charge a load are called No Load schemes

Repurchase or Back-end Load Is a charge collected by a scheme when it buys back the units from the unit holders.

Types of Reliance Mutual Funds


1. Reliance Growth Fund 2. Reliance Vision Fund 3. Reliance Banking Fund 4. Reliance Diversified Power Sector Fund 5. Reliance Pharma Fund 6. Reliance Media & Entertainment Fund 7. Reliance NRI Equity Fund 8. Reliance Equity opportunities Fund 9. Reliance Index Fund 10. Reliance Tax Saver (ELSS) Fund 11. Reliance Equity Fund 12. Reliance Long Term Equity Fund 13. Reliance Regular Saving Fund

The key term in mutual funds


Dividend Policy: Dividend will be distributed from the available distributable surplus after the deduction of the divided distribution surplus after the deduction of the dividend distribution tax and the applicable surcharge, if any. The mutual fund is not guaranteeing or assuring any dividend. Pease read the offer document for details. Further payment of all the dividends shall be in compliance with SEBI circular No. SEBI/IMD/CIR No. 1/64057/06 dated 4/4/06. Applicable NAV : Sale of units by reliance mutual fund: in respect of valid applications received up to 3 p.m. by the mutual fund alongwith a local cheque or a demand draft payable at par at the place where the application isreceived, the closing NAV of the day on which application is received shall be applicable. Repurchase including Switch-out: in respect of valid applications received upto 3 pm by the mutual fund, same days closing NAV shall be applicable. In respect of valid applications received after 3 p.m. by the mutual fund, the closing NAV of the next business day shall be applicable. Daily net Asset Value(NAV) publication: the NAV will be declared on all working days and will be published in 2 newspaper. NAV can also be viewed on www.reliancemutualfund.com and www.amfiindia.com . Tax Benefits to the mutual fund: Reliance Mutual Fund is a Mutual fund

registered with the securities & exchange board of India and hence the entire income of the mutual fund will be exempt from income tax in accordance with the provisions of section 10(23D) of the income tax act, 1961. The mutual fund will receive all income without any deduction of tax at source under the provisions of section 196(iv) of the act. An exemption has been granted under the finance (No.2) act, 2004 to open ended equity oriented mutual funds from paying distribution tax on income distributed without any time limit, effective from 1 April 2004.

Name of Transaction

Payable by

Rate of Tax
0.125%

Purchase and sale of equity Both purchaser as well as shares or units of equity seller oriented mutual funds on a recognized stock exchange on delivery basis Sale on stock exchange of Seller equity shares or units of equity oriented mutual funds on non- delivery basis sale of derivatives Seller reorganized stock exchange Sale of units of equity Seller oriented mutual funds to the mutual fund There are two types of investment in Mutual Funds. Lump Sum Systematic Investment Plan(SIP)

0.025%

0.017% 0.25%

Lump sum: In Lump sum the investment is only one times that is of Rs. 5,000. and if the investment is monthly then the investment will be 6,000/-. Systematic Investment Plan(SIP) : We have already mentioned about SIPs in brief in the previous pages but now going into details, we will see how the power of compounding could benefit us. In such case, every small amounts invested regularly can grow substantially. SIP gives a clear picture of how an early and regular investment can help the investor in wealth creation. Due to its unlimited advantages SIP could be redefined as a methodology of fund investing regularly to benefit regularly from the stock market volatility. In the later sections we will see how returns generated from some of the SIPs have outperformed their benchmark. But before moving on to that lets have a look at some of the top performing SIPs and their return for 1 year:

Scheme Reliance diversified powersector retail Reliance regular savings equity principal global opportunities fund DWS investment opportunities fund BOB growth fund

Amount 1000

NAV 62.74

NAV date 30/5/2008

Total Amount 14524.07

1000 1000 1000 1000

22.208 18.86 35.31 42.14

30/5/2008 30/5/2008 30/5/2008 30/5/2008

13584.944 14247.728 13791.157 13769.152

In the above chart, we can see how if we start investing Rs.1000 per month then what return well get for the total investment of Rs. 12000. There is reliance diversified power sector retail giving the maximum returns of Rs. 2524.07 per year which comes to 21% roughly. Next we can see if anybody would have undertaken the SIP in Principal would have got returns of app. 18%. We can see reliance regular savings equity, DWS investment opportunities and BOB growth fund giving returns of 13.20%, 14.92%, and 14.74% respectively which is greater than any other monthly investment options. Thus we can easily make out how SIP is beneficial for us. Its hassle free, it forces the investors to save and get them into the habit of saving. Also paying a small amount of Rs. 1000 is easy and convenient for them, thus putting no pressure on their pockets.Now we will analyze some of the equity fund SIP s of Birla Sunlife with BSE 200 and bank fixed deposits In a tabular format as well as graphical.

Exposure of Mutual Funds Companies in India


The concept of mutual funds in India dates back to the year 1963. The era between 1963 and 1987 marked the existence of only one mutual fund company in India with Rs. 67bn assets under management (AUM), by the end of its monopoly era, the Unit Trust of India (UTI). By the end of the 80s decade, few other mutual fund companies in India took their position in mutual fund market.The new entries of mutual fund companies in India were SBI Mutual Fund, Canbank Mutual Fund, Punjab National Bank Mutual Fund, Indian Bank Mutual Fund, Bank of India Mutual Fund.The succeeding decade showed a new horizon in Indian mutual fund industry. By the end of 1993, the total AUM of the industry was Rs. 470.04 bn. The private sector funds started penetrating the fund families. In the same year the first Mutual Fund regulations came into existence with re-registering all mutual funds except UTI. The regulations were further given a revised shape in 1996.Kothari Pioneer was the first private sector mutual fund company in India which has now merged with Franklin Templeton. Just after ten years with private sector players penetration, the total assets rose up to Rs. 1218.05 bn. Today there are 33 mutual fund companies in India in which some are as below.

ABN AMRO Mutual Funds Birla Sun life mutual Funds Bank of Baroda Mutual Fund HDFC Mutual Fund HSBC Mutual Fund ING Vysya Mutual Fund Prudential ICICI Mutual Fund Sahara Mutual Fund State Bank of India Mutual Fund Tata Mutual Fund (TMF) Kotak Mahindra Asset Management Company (KMAMC) UTI Asset Management Company Private Limited Reliance Mutual Fund (RMF) Standard Chartered Mutual Fund Escorts Mutual Fund Alliance Capital Mutual Fund Benchmark Mutual Fund Canbank Mutual Fund Chola Mutual Fund

LIC Mutual Fund GIC Mutual Fund

Working of a Mutual Fund

Terms and conditions


This facility offered only to the investors having bank accounts in selected cities which are specific in the form of the SIP. Submit the following document at least 21 working days before the first SIP date for ECS (Electronic clearing Service). The first SIP cheque should be issued from the same bank account which is to be debited under ECS for subsequent installments. The bank account provided for ECS (Debit) should participate in local MICR clearing. SIP auto debit facility is available only on specific dates of the month i.e. 2nd or 10th or 18th or 28th. The investor agrees to abide by the terms and conditions of ECS facility of Reserve bank of India. An investor can opt for monthly or quarterly frequency. Only one SIP per month or per quarter is permitted per folio/account.

Minimum investment amount monthly SIP option 60 installments of Rs. 100/- each or 12 installment or Rs. 500/- each or 6 installments of Rs. 1000/- each and in multiples of Re.1/thereafter. The gap between the 1st cheque/ installment & the 2nd cheque / installment should be at least 21working days. However subsequent cheques should have a gap of at least a month or a quarter depending upon the frequency chosen.

Advantages of Mutual Funds


Diversification: The best mutual funds design their portfolios so individual investments will react differently to the same economic conditions. For example, economic conditions like a rise in interest rates may cause certain securities in a diversified portfolio to decrease in value. Other securities in the portfolio will respond to the same economic conditions by increasing in value. When a portfolio is balanced in this way, the value of the overall portfolio should gradually increase over time, even if some securities lose value. Professional Management: Most mutual funds pay topflight professionals to

manage their investments. These managers decide what securities the fund will buy and sell. Regulatory oversight: Mutual funds are subject to many government regulations that protect investors from fraud. Liquidity: It's easy to get your money out of a mutual fund. Write a check, make a call, and you've got the cash. Convenience: You can usually buy mutual fund shares by mail, phone, or over the Internet. Low cost: Mutual fund expenses are often no more than 1.5 percent of your investment. Expenses for Index Funds are less than that, because index funds are not actively managed. Instead, they automatically buy stock in companies that are listed on a specific index Transparency Flexibility Choice of schemes Tax benefits Well regulated

Drawbacks of Mutual Funds


Mutual funds have their drawbacks and may not be for everyone: No Guarantees: No investment is risk free. If the entire stock market declines in value, the value of mutual fund shares will go down as well, no matter how balanced the portfolio. Investors encounter fewer risks when they invest in mutual funds than when they buy and sell stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing money. Fees and commissions: All funds charge administrative fees to cover their day-to-day expenses. Some funds also charge sales commissions or "loads" to compensate

brokers, financial consultants, or financial planners. Even if you don't use a broker or other financial adviser, you will pay a sales commission if you buy shares in a Load Fund. Taxes: During a typical year, most actively managed mutual funds sell anywhere from 20 to 70 percent of the securities in their portfolios. If your fund makes a profit on its sales, you will pay taxes on the income you receive, even if you reinvest the money you made. Management risk: When you invest in a mutual fund, you depend on the fund's manager to make the right decisions regarding the fund's portfolio. If the manager does not perform as well as you had hoped, you might not make as much money on your investment as you expected. Of course, if you invest in Index Funds, you forego management risk, because these funds do not employ managers

MARKET ANALYSIS
Markets
In tune with the global stock markets that began to recover from the second half of 2003; Indian stock markets too witnessed rapid growth. Indias two leading indices, the most popular BSE Sensex, and the one most used by the markets the National Stock Exchanges S&P CNX Nifty rose to record levels. Both primary and secondary market activity experienced sharp surge. Much progress was made in further strengthening and streamlining risk management, market regulation and supervision. A few aspects of the major developments in the Indias stock markets are described below. And the insurance sector is also play an important role in the growth of the financial market. Market Structure Indian securities market is fairly large as compared to several other emerging markets. There are 22 stock exchanges in the country, though the entire liquidity is shared between the countriess two national level exchanges namely, the National Stock Exchange of India and the Bombay Stock Exchange Ltd. The regional stock exchanges are in pursuit of business models that make them viable and vibrant. Meanwhile, these exchanges have become members of the national level exchanges through formation of subsidiaries whose business is showing continuous growth and progress.The number of brokers in various stock exchanges rose from 6,711 in 1994-95 to 9,335 in FY06. The number of brokers in all the exchanges together peaked to 10,213 in the year FY01 but gradually declined thereafter when the regional stock exchanges began to lose business in the light of wide ranging market structure reforms introduced since then. In FY01, when the markets were in upswing, several regional stock exchanges were generating business owing to the availability of deferral products, such Badla and different settlement calendars prevailing at that time in these exchanges. For instance in FY01, the Delhi Stock Exchange registered cash market turnover of Rs 838.71 bn; Uttar Pradesh Stock Exchange, Rs 247.47 bn, Ludhiana Stock Exchange Rs 97.32 bn, Pune Stock Exchange Rs 61.71 bn as against Rs 13,395.11 bn of the turnover at the National Stock Exchange and Rs 10,000.32 bn turnover at the Bombay Stock Exchange. With the abolition of the deferral products and introduction of uniform T+2 settlement cycle, the liquidity in these exchanges flowed to the national level system consisting of NSE and BSE.

Major Player in the Insurance Sector There are many reputed companies in the market which provide the Insurance for living being and non living beings. The companies in life Insurance are as follows. Life Insurer in Public Sector Life Insurance Corporation of India Life Insurer in Private Sector Reliance life Insurance Company Limited ICICI Prudential Life Insurance Bajaj Allianz Life Insurance Tata AIG Life Insurance corporation Limited HDFC Standard Life Insurance Birla Sun Life Insurance SBI Life Insurance Kotak Mahindra old Mutual Life Insurance Aviva Life Insurance MetLife India Life Insurance ING Vysya Life Insurance Max New York Life Insurance Shriram Life Insurance Bharti AXA Life Insurance Co. Limited IDBI Forties Life Insurance Co. Limited Argon Religare Life Insurance Co. Limited Major Broking house During the analysis of the market it has been found that there are a lot of the brokeing house in the market which are providing the online trading facility to the individuals or the group of the individuals.

5paisa.com You can now buy and sell shares on 5paisa.com with speeds comparable and at times better than NSE's NEAT Terminal. This speed and reliability comes only with perseverance of pioneer backed by huge investment in technology! You can now buy and sell shares on 5paisa.com with speeds comparable and at times better than NSE's NEAT Terminal. This speed and reliability comes only with perseverance of pioneer backed by huge investment in technology. Advani Share Brokers Advani Share Broker, a reputed Bombay based on investment house, operates from India's financial hub, Dalal Street, since sixty years. It deals in equities,debt and derivatives on the

Bombay Stock Exchange and the National Stock Exchange of India. AGROY Group of Companies Agroy group of companies is a well established name in the field of capital markets and financial services. AGROY Finance & Investment Ltd. (AFIL) is the group's flagship company engaged in capital markets as a premier financial and stock broking house. The company was formed in July 1992. Since then it has enjoyed patronage of a large number of valued customers and business partners.

Anand Rathi Securities Limited Anand Rathi Securities Limited provides financial and advisory services including wealth management, teams. India bulls India bulls is India's leading retail financial services company with 70 locations spread across 62 cities. While our size and strong balance sheet allow us to provide you with varied products and services at very attractive prices, our over 450 Client Relationship Managers are dedicated to serving your unique needs. investment banking, corporate advisory,brokerage & distribution of equities, and insurance - all of which are supported by powerful research commodities,mutual funds

Religare Securities Ltd. Religare Enterprises Limited (A Ranbaxy Promoter Group Company) through Religare Securities Limited,Religare Finvest Limited, Religare Commodities Limitedand Religare Insurance Advisory Services Limited provides integrated financial solutions to its corporate, retail and wealth management clients. Provides various financial services which include Investment

Banking, Corporate Finance, Portfolio Management Services, Equity & Commodity Broking, Insurance and Mutual Funds. Jaypee Capital Services Ltd. Jaypee Capital Services Ltd. is a registered self-clearing member with National Stock Exchange and SEBI. It has the expertise and the experience to capitalize on daily stock movements and employ over 20 specialist traders certified by the NSE. ICICI Direct Online share and mutual funds trading facility by the ICICI group.

Arcade Share & Stock Brokers Arcadia group began its modest journey in 1995 and now Arcadia proudly boasts about membership to NSE,BSE, Depository Participant(CDSL),MCX,NCDEX.The philosophy of

client servicing backed by all principal Indian Stock and Commodity exchange gives Arcadia edge over other players in the industry segment to offer value based services to its customers. Indianstockmarket.net Indianstockmarket.net is an effort to educate Indian investor by providing useful stock news, stock market websites, informative articles, resources to various investment guides.

Major Developments in equity brokerage industry in India


Corporate memberships Wider product offerings Greater reliance on research Accessing equity capital markets Foreign collaborations and joint ventures Specialized services/niche broking Online broking Emerging challenges and outlook for the brokerage industry Fragmentation Global Opportunities Competition from foreign firms Investor Protection

Recommendation
The most vital problem spotted is of ignorance. Investors should be made aware of the benefits. Nobody will invest until and unless he is fully convinced. Investors should be made to realize that ignorance is no longer bliss and what they are losing by not investing.

Mutual funds offer a lot of benefit which no other single option could offer. But most of

the people are not even aware of what actually a mutual fund is? They only see it as just another investment option. So the advisors should try to change their mindsets. The advisors should target for more and more young investors. Young investors as well as persons at the height of their career would like to go for The advisors may try to highlight some of the value added benefits of Mutual funds such advisors due to lack of expertise and time. as tax benefit, rupee cost averaging, and systematic transfer plan, rebalancing etc. these benefits are not offered by other options single-handedly. So these are enough to drive the investors towards mutual funds. Investors could also try to increase the spectrum of services offered. Now the most important reason for not availing the services of advisors was spotted was being expensive. The advisors should try to charge a nominal fee at the beginning. But if not possible then they could go for offering more services and benefits at the existing rate. They should also maintain their decency and follow the code of ethics so that the investors could trust upon them. Thus the advisors should try to attract more and more persons and turn them into investors and finally their clients.

conclusion
With the globalize economy and immense competition among countries for faster

development of their respective economies, the significance of Insurance, Mutual Funds and Foreign investment has taken manifold. With a buoyant vibrant and experienced stock market, India today is looking ahead tosurpass China in terms of foreign Investment and growth prospects. Stock exchange being the barometer of the economy plays a vital role in showcasing growth of an economy and luring investment. While studying the role of Insurance, Mutual fund and FIIs in Stock Market, I discussed with a few persons who are into stock broking business. And the information they have provided shows that though the investment and participation of domestic investors are rising, still, they have not been able to prove themselves to be as influential as Insurance, mutual funds and FIIs. Importance and the role of Insurance, Mutual funds and FIIs play in the Indian stock market can be seen from the fact that the recent surge in Sensex and NIFTY is attributed to the active participation of FIIs in the Stock Market. Despite being aware of the Asian economic crisis where FIIs role was of a major concern, the importance of foreign capital in the development of economy can not be undermined in anyway.

bibliography

By the Help of Manuals Reliance Money Report of 2008 & Internet. By the help of Other Sources By the heads and the consultant of the Reliance Money. By the help of Websites
1. www. IRDAIndia.org. 2. www.Reliancemoney.com 3. www.insure2bsecure.com 4. www.google.com 5. www. Wikkipedia.com