end review final report

8/18/2019 End Review Final Report

1/50

A study on Financial ProductEquity and derivatives

User


2/50

A study on

Financial Product Equity and derivatives

Submitted to: Mr.Vivek Raina

Submitted by: Sanwarmal Saran

3 August 2015

1


3/50

DECLARATION

undersigned SA!"A#$A% SA#A!& A student o' P(P)(*$ SE$)2 declares t+at +ave

,re,ared t+is ,ro-ect re,ort on .A study on Financial Product Equity and derivatives/ nder

guidance o' $#& *A! 4%A&

Signature

Sanwarmal Saran

2


4/50

Acnowled!ement

As any good wor6 is incom,lete wit+out ac6nowledging t+e ,eo,le w+o made it,ossible7 t+isre,ort is incom,lete wit+out t+an6ing t+e ,eo,le wit+out w+om t+is ,ro-ect wouldn8t +aveta6en s+a,e&

9+is ,ro-ect is a result o' continuous coo,eration7 e''ective guidance and su,,ort 'rom all t+e ,eo,le associated wit+ t+is ,ro-ect& am indebted to +im 'or clari'ying our conce,ts by s+aring +is valued e,erience in teac+ing7and training w+ic+ +ave t+ereby become an unconscious ,art o' our ideas and t+oug+ts w+ileanalysing t+e bro6erage industry& am also immensely indebted to my 'aculty mentor Pro'&ive6 #aina7 'or +is illumining observation7 encouraging suggestions and constructivecriticisms7 w+ic+ +ave +el,ed me in com,leting t+is ,ro-ect success'ully& am alsoimmensely indebted to my ,ro-ect guide in t+e com,any $r& *+avin +ol6ia ;*ranc+$anager< $arwdi S+are and 'inance limited& ta6e t+is o,,ortunity to t+an6 all t+ose w+o+ave directly and indirectly ins,ired7 directed and +el,ed me towards success'ul com,letiono' t+is ,ro-ect re,ort&

%astly would li6e to t+an6 my 'amily members and 'riends 'or t+eir continuing su,,ort7

blessings and encouragement&

Sanwarmal Saran

3


5/50

PREFACE

Summer 9raining is t+e bridge 'or a student t+at ta6es +im 'rom +is t+eoretical nowledge

world to ,ractical industry world& 9+e main ,ur,ose o' wor6 in cor,orate is to e,os= 'or

industrial and business environment7 w+ic+ cannot be ,ossible in t+e classroom&

9+e advantages o' t+is sort o' integration7 w+ic+ ,romotes guided to cor,orate culture7

'unctional7 social and norms along wit+ 'ormal teac+ing are numerous&

• 9o bridge t+e ga, between t+eory and ,ractical&

• 9o install t+e 'eeling o' belongingness and acce,tance&

• 9o +el, t+e student to develo, t+e better understanding o' t+e conce,t and questions

already raised or to be raised subsequently during t+eir SP ,eriod&

9+e ,resent re,ort gives a detailed view o' t+e .A study on Financial Product Equity and

derivatives/ 9+e Pro-ect is de'initely going to ,lay an im,ortant role in develo,ing an

a,titude 'or +ardsel')con'idence&

Ta"le o# Content

4


6/50

Sr$ No Particular Pa!e No$

%$ &rie# o# Industry

1&1 ntroduction o' stoc6 mar6et&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&0>

1&2 Stoc6 ec+ange in ndia&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&0>

1&3 %ist o' stoc6 ec+ange in ndia&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&0?

1&@ Structure o' ndian stoc6 ec+ange&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&0?

1&5 *ombay Stoc6 Ec+ange&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&0?

1& !ational Stoc6 Ec+ange&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&10

1&B Stoc6 bro6ing 'irm&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&11

1&> 9o, stoc6 bro6ing 'irms in ndia&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&11

1&? nsurance in ndia&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&12

1&?&1 istory o' nsurance in ndia&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&12

' Com(any Overview )*arwadi S+ares and Finance Ltd$,

2&1 Com,any detailDDDDDDDDDDDDDDDDD&&DD&15'$' istoryDDDD&&DDDDDDDDDDDDDD&DD&D&&&&12&3 $arwadi storyDDDDDDDDDDDDDD&DDD&DD&&1?2&@ Com,any ,+iloso,+yDDDDDDDDDDDD&&D&DDD&&&202&5 $ission visionD&DDDDDDDDDDDD&&&DDD&D&D212& $ilestonesDDDDDDDDDDDDDDD&&&&&&&DDDD&&&&222&B 4rganisation structure DDDDDDDDDDDDDDD&&D&&232&> *ranc+esDDDDDDDDDDDDDDDDDDDDD&&D&2@2&? ig+lig+tsDDDDDDDDDDDDDDDDDDDDD&D252&10 Com,any in'ormationDDDDDDDDDDDDDDDD&&&&&22&11 *oard o' directorsDDDDDDDDDDDDDDDDDD&&&2B2&12 9ime 6ee,ing system members+i,DDDDDDDDDDD&2>

2&13 $ambers+i,DDDDDDDDDDDDDDDDDDDDD&2?

- Data Analysis

3&1 ata Analysis o' ,ersonal n'ormationDDDDDDDDDDDD313.2 ata Analysis o' uestionsDDDDDDDDDDDDDDDD&&&3@

5


7/50

. Tas/Tar!ets assi!ned /Ac+ievements

@&1 E,iration learningDDDDDDDDDDDDDDDDD&&DD3

@&2 SP learningDDDDDDDDDDDDDDDDDDD&&DDD3)@0

0 Pro1ect Data

5&1 Sco,e o' t+e ,ro-ect&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&@2

5&2 9as6 e,ectation 'rom t+e cor,orate mentor&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&@2

5&3 Activity ,er'ormed&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&@2

5&@ E,eriential learning&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&@3 5&5 Ac+ievement&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&@@

5& Failures&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&@@

6 Findings & conclusion

6.1 Findings…………………………………………………………………46

6.2 Conclusion……………………………………………………………....47

2 &i"lio!ra(+y

7.1 Name of the refers Book…………………………………………………..5 7.2 Name of the !e"site ……………………………………………………. 5

6


8/50

C+a(ter % 3 &rie# on industry

7


9/50

%$ &rie# on Industry

%$% Introduction o# stoc maret4A stoc6 mar6et or equity mar6et is a ,ublic entity ;a loose networ6 o' economic transactions7not a ,+ysical 'acility or discrete entity< 'or t+e trading o' com,any stoc6 ;s+ares< andderivatives at an agreed ,riceG t+ese are securities listed on a stoc6 as well as t+ose onlytraded ,rivately&9+e siHe o' t+e world stoc6 mar6et was estimated at about I3& trillion at t+e beginning o' 4ctober 200>& 9+e total world derivatives mar6et +as been estimated at about IB?1 trillion'ace or nominal value7 11 times t+e siHe o' t+e entire world economy& 9+e value o' t+ederivatives mar6et7 because it is stated in terms o' notional values7 cannot be directlycom,ared to a stoc6 or a 'ied income security7 w+ic+ traditionally re'ers to an actual value&$oreover7 t+e vast ma-ority o' derivatives 8cancel8 eac+ ot+er out ;i&e&7 a derivative 8bet8 on anevent occurring is o''set by a com,arable derivative 8bet8 on t+e event not occurring


10/50

%$- List o# Stoc E5c+an!es in India

N *ombay stoc6 ec+ange

N !ational stoc6 ec+ange;$umbai<

N *anglore stoc6 ec+angeN tter ,rades+ stoc6 ec+ange;6an,ur<

N $agad+ stoc6 ec+ange;Patna<

N A+medabad stoc6 ec+ange

N vadodara stoc6 ec+ange;*aroda<

N *+ubaneswar stoc6 ec+ange

N Calcutta stoc6 ec+ange;6ol6ata<

N madras stoc6 ec+ange

N Coc+in stoc6 ec+ange

N coimbatore stoc6 ec+ange

N (au+ati stoc6 ec+angeN ydrabad stoc6 ec+ange

N $ad+ya ,rades+ stoc6 ec+ange;indore<

N Kai,ur stoc6 ec+ange

N %ud+ina stoc6 ec+ange

N $angalore stoc6 ec+ange

N Pune stoc6 ec+ange

N Sauras+tra6utc+ stoc6 ec+ange L3M

%$0 &om"ay Stoc E5c+an!e

*ombay Stoc6 Ec+ange7 commonly re'erred to as t+e *SE7 ;*ombay S+are *aHaar< is astoc6 ec+ange located on alal Street7 $umbai7 $a+aras+tra7 ndia& t is t+e 10t+ largeststoc6 ec+ange in t+e world by mar6et ca,italisation& Establis+ed in 1>B57 *SE %td&;'ormerly 6nown as *ombay Stoc6 Ec+ange %td&


11/50

*SE also ,rovides a +ost o' ot+er services to ca,ital mar6et ,artici,ants including ris6 management7 clearing7 settlement7 mar6et data services and education& t +as a global reac+wit+ customers around t+e world and a nation)wide ,resence& *SE systems and ,rocesses aredesigned to sa'eguard mar6et integrity7 drive t+e growt+ o' t+e ndian ca,ital mar6et andstimulate innovation and com,etition across all mar6et segments& *SE is t+e 'irst ec+ange in

ndia and second in t+e world to obtain an S4 ?001:2000 certi'ication& t is also t+e 'irstEc+ange in t+e country and second in t+e world to receive n'ormation Security$anagement System Standard *S BB??)2)2002 certi'ication 'or its 4n)%ine trading System;*4%9


12/50

NSE 7rou(41& ndia nde Services Products %td ;S%< $otilal 4swal Securities?< arvy Stoc6 *ro6ing10< #eligare

11< FC Securities12< Anand #at+i Securities %td13< (eo-it *!P Paribas

11


13/50

%$9 Insurance in India4 nsurance is a sub-ect listed in t+e nion list in t+e Sevent+ Sc+edule to t+e Constitution o'

ndia w+ere only centre can legislate& 9+e insurance sector +as gone t+roug+ a number o'

,+ases by allowing ,rivate com,anies to solicit insurance and also allowing 'oreign direct

investment o' u, to 2R earlier and @?R 'rom 20127 t+e insurance sector +as been a booming

mar6et& owever7 t+e largest li'e)insurance com,any in ndia is still owned by t+e

government& LBM

%$9$% :istory o# insurance in India

n ndia7 insurance +as a dee,)rooted +istory& t 'inds mention in t+e writings o' $anu; $anusmrit+i saw t+e advent o' li'e insurance business in ndia wit+ t+e establis+ment o' t+e 4riental%i'e nsurance Com,any in Calcutta& 9+is Com,any +owever 'ailed in 1>3@& n 1>2?7 t+e$adras Equitable +ad begun transacting li'e insurance business in t+e $adras Presidency&1>B0 saw t+e enactment o' t+e *ritis+ nsurance Act and in t+e last t+ree decades o' t+enineteent+ century7 t+e *ombay $utual ;1>B1B@< and Em,ire o' ndia ;1>?B<were started in t+e *ombay #esidency& 9+is era7 +owever7 was dominated by 'oreigninsurance o''ices w+ic+ did good business in ndia7 namely Albert %i'e Assurance7 #oyalnsurance7 %iver,ool and %ondon (lobe nsurance and t+e ndian o''ices were u, 'or +ardcom,etition 'rom t+e 'oreign com,anies&n 1?1@7 t+e (overnment o' ndia started ,ublis+ing returns o' nsurance Com,anies in ndia&9+e ndian %i'e Assurance Com,anies Act7 1?12 was t+e 'irst statutory measure to regulateli'e business& n 1?2>7 t+e ndian nsurance Com,anies Act was enacted to enable t+e(overnment to collect statistical in'ormation about bot+ li'e and non)li'e business transactedin ndia by ndian and 'oreign insurers including ,rovident insurance societies& n 1?3>7 wit+a view to ,rotecting t+e interest o' t+e nsurance ,ublic7 t+e earlier legislation wasconsolidated and amended by t+e nsurance Act7 1?3> wit+ com,re+ensive ,rovisions 'or e''ective control over t+e activities o' insurers&9+e nsurance Amendment Act o' 1?50 abolis+ed Princi,al Agencies& owever7 t+ere were a

large number o' insurance com,anies and t+e level o' com,etition was +ig+& 9+ere were alsoallegations o' un'air trade ,ractices& 9+e (overnment o' ndia7 t+ere'ore7 decided tonationaliHe insurance business&An 4rdinance was issued on 1?t+ Kanuary7 1?5 nationalising t+e %i'e nsurance sector and%i'e nsurance Cor,oration came into eistence in t+e same year& 9+e %C absorbed 15@ndian7 1 non)ndian insurers as also B5 ,rovident societies2@5 ndian and 'oreigninsurers in all& 9+e %C +ad mono,oly till t+e late ?0s w+en t+e nsurance sector wasreo,ened to t+e ,rivate sector&9+e +istory o' general insurance dates bac6 to t+e ndustrial #evolution in t+e west and t+e

consequent growt+ o' sea)'aring trade and commerce in t+e 1Bt+ century& t came to ndia as a

legacy o' *ritis+ occu,ation& (eneral nsurance in ndia +as its roots in t+e establis+ment o'

9riton nsurance Com,any %td&7 in t+e year 1>50 in Calcutta by t+e *ritis+& n 1?0B7 t+e

12


14/50

ndian $ercantile nsurance %td7 was set u,& 9+is was t+e 'irst com,any to transact all classes

o' general insurance business&1?5B saw t+e 'ormation o' t+e (eneral nsurance Council7 a

wing o' t+e nsurance Association o' ndia& 9+e (eneral nsurance Council 'ramed a code o'

conduct 'or ensuring 'air conduct and sound business ,ractices& n 1?>7 t+e nsurance Act

was amended to regulate investments and set minimum solvency margins& 9+e 9ari'' Advisory Committee was also set u, t+en& n 1?B2 wit+ t+e ,assing o' t+e (eneral nsurance

*usiness ;!ationalisation< Act7 general insurance business was nationaliHed wit+ e''ect 'rom

1st Kanuary7 1?B3& 10B insurers were amalgamated and grou,ed into 'our com,anies7 namely

!ational nsurance Com,any %td&7 t+e !ew ndia Assurance Com,any %td&7 t+e 4riental

nsurance Com,any %td and t+e nited ndia nsurance Com,any %td& 9+e (eneral nsurance

Cor,oration o' ndia was incor,orated as a com,any in 1?B1 and it commence business on

Kanuary 1sst 1?B3&

9+e insurance sector is a colossal one and is growing at a s,eedy rate o' 15)20R& 9oget+er

wit+ ban6ing services7 insurance services add about BR to t+e countryOs (P& A well)develo,ed and evolved insurance sector is a boon 'or economic develo,ment as it ,rovides

long) term 'unds 'or in'rastructure develo,ment at t+e same time strengt+ening t+e ris6 ta6ing

ability o' t+e country& L>M

13


15/50

C+a(ter;' Overview o# com(any

14


16/50

'$%;CO*PAN< DETAIL

$arwadi (rou, is a widely renowned 'inancial services grou, in Sauras+tra& t +ad its

genesis in t+e year 1??2 wit+ t+e incor,oration o' $arwadi S+ares Finance Pvt& %td&

;$SFP%


17/50

ndian Stoc6 $ar6ets are one o' t+e oldest in Asia& ts +istory dates bac6 to nearly 200 years

ago& 9+e earliest records o' security dealings in ndia are meager and obscure&*y 1>308s business on cor,orate stoc6s and s+ares in *an6 and Cotton ,resses too6 ,lace in

*ombay& 9+oug+ t+e trading list was broader in 1>3?7 t+ere were only +al' a doHen bro6ers

16


18/50

recogniHed by ban6s and merc+ants during 1>@0 and 1>50& 9+e 1>508s witnessed a ra,id

develo,ment o' commercial enter,rise and bro6erage business attracted many men into t+e

'ield and by 1>0 t+e number o' bro6ers increased into 0&

n 1>0)1 t+e American Civil "ar bro6e out and cotton su,,ly 'rom nited States o' Euro,e

was sto,,edG t+us7 t+e 8S+are $ania8 in ndia begun& 9+e number o' bro6ers increased to

about 200 to 250& owever7 at t+e end o' t+e American Civil "ar7 in 1>57 a disastrous slum,

began ;'or eam,le7 *an6 o' *ombay S+are w+ic+ +ad touc+ed #s 2>50 could only be sold at

#s& >B


19/50

!ational Stoc6 Ec+ange and 9+e *ombay Stoc6 Ec+ange7 accounting 'or t+e bul6 o' t+e

business done on t+e ndian stoc6 mar6et&

"+ile t+e recogniHed stoc6 ec+anges +ave been accorded a ,rivileged ,osition7 t+ey are

sub-ect to governmental su,ervision and control& 9+e rules o' a recogniHed stoc6 ec+anges

relating to t+e managerial ,owers o' t+e governing body7 admission7 sus,ension7 e,ulsion7

and re)admission o' its members7 a,,ointment o' aut+oriHed re,resentatives and cler6s7 so on

and so 'ort+ +ave to be a,,roved by t+e government& 9+ese rules can be amended7 varied or

rescinded only wit+ t+e ,rior a,,roval o' t+e government& 9+e Securities Contracts

;#egulation< Act vests t+e government wit+ t+e ,ower to ma6e enquiries into t+e a''airs o' a

recogniHed stoc6 ec+ange and its business7 wit+draw t+e recognition t+e tas6 o' regulating

t+e stoc6 ec+ange to t+e Securities Ec+anges *oard o' ndia &

'$-;*AR=ADI STOR<

$arwadi is a (u-arat based 'inancial service grou, dealing in equitiesVcommodities bro6ing

and ,ort'olio management services& n t+e last 15 years we +ave grown into a networ6 o'

more t+an @B branc+es wit+ 50W committed ,ro'essional ,eo,le and @B5W c+annel ,artners

across ndia& $A#"A +as 6e,t t+e 'ait+ o' over 1&35 la6+ investors and its growing& A'ter

establis+ing su,remacy in (u-arat:

18


20/50

"e are now e,ending !ational wide and to 'uel our growt+ ,lans7 we recently raised

ca,ital 'rom && ) based investment com,anies&

7u1arati;*arwadi

>etan *arwadi

Sandee(

*arwadi

)*ana!in! Director,)=+ole Time Director,

(u-arati by birt+: $arwadi by surname t+ey +ave got t+e best o' bot+ cultures& An

entre,reneurial strea6: a never) say)die s,irit: a dee, sense o' brot+er+ood and all too well)

6nown s+ar, money senses drive our business&

'$.;CO*PAN< P:ILOSOP:<

TRADITIONAL IN ?AL@ES4 NOT IN &@SINESS

"+at ma6es $arwadi (rou, di''erent 'rom any ot+er bro6ing 'irm is our ability to borrow

'rom t+e wisdom and values o' our ,ast w+ile 6ee,ing an eagle eye on t+e 'uture& 9+is is w+y

u will 'ind t+e latest in ,rocesses: in'rastructure7 and tec+nology bundled toget+er is served

you at your doorste,: but more t+an t+at you will 'ind a ,ersonal touc+& "+ile we value your

money ;trust us we will do everyt+ing to ma6e it grow


21/50

'$0;*ISSION ?ISION

20


22/50

B9o be a world)class

'inancial services

,rovider by

arranging

all conceivable 'inancial services under one)roo' at a''ordable costs t+roug+ cost e''ective

delivery systems7 and ac+ieve organic growt+ in business by adding newer lines o' business&/

21


23/50

'$6;*ILESTONES9+e com,any crossed t+e 'ollowing milestones to reac+ its ,resent ,osition as t+e leading

retail bro6ing +ouse in ndia•

22

%99'$&&$arwadi S+ares And Finance Pvt& %td& was incor,orated&%996$$$*ecame a cor,orate member o' !ational Stoc6 Ec+ange 4' ndia ) ;!SE<%998$&&*ecame a member o' Sauras+tra utc+ Stoc6 Ec+ange ;SSE<%999$$$%aunc+ed e,ository services o' e,ository Partici,ant under !ational

e,ository Security %td& ;!S%<'&&&Commenced erivative 9rading a'ter obtaining registration as Clearing and

9rading $ember in !SE&'-$&& ;$C*P%< *ecame a cor,orate member o' t+e !ational Commodity and

erivatives Ec+ange o' ndia %td&'-$&& ;$C*P%< *ecame a cor,orate member o' 9+e $ulti Commodity Ec+ange o'

ndia %td&'.$$$*ecame a cor,orate member o' *ombay Stoc6 Ec+ange %td& ;*SE<'.$&&%aunc+ed e,ository Services o' e,ository Partici,ant under Central

e,ository Services ;ndia< %td&'0$&&%aunc+ed Port'olio $anagement Services'6&&&$SFP% converted to Public %imited ;$arwadi S+ares And Finance %imited<'2D9+e Com,any raised 'urt+er ,rivate equity 'rom Caledonia nvestment ,lc&


24/50

'$2;OR7ANISATIONAL STR@CT@RE

$A!A(!( #EC94#

#EC94#S

CEF EQEC9E 4FFCE#

EP9J (E!E#A% $A!A(E#

SE!4# $A!A(E#S

$A!A(E#S

ASSS9A!9 $A!A(E#S

SE!4# 4FFCE#S

SE!4# EQEC9ES

C%E#S

9+us7 li6e any ot+er 'ormal organiHation $arwadi S+ares Finance %imited 'ollows a

,ro'essionaliHed organiHational structure t+an a +otc+,otc+ structure7 in w+ic+ t+ere is no

clear idea about t+e +ierarc+y ,atterned 'ollowed &

'$8;&RANC:ES9+ere are $ainly 52 branc+es o' $arwadi in di''erent cities li6eD&&

A+medabad Kamnagar

Amreli Kunagad+

Anand es+od

*aroda $anavadar

*+avnagar $it+a,ur

*+u- $umbai

el+i 46+a

+ora-i Porbandar

+angad+ra Surat

23


25/50

(ondal Surendranagar

(and+id+am eraval

An6les+war Ket,ur

*armer +amb+aliya

*+aruc+ odinar

is+a ol+a,ur

yderabad ol6ata

ndore $a+uva

Kams+ed,ur $anavadar

$andvi $orbi

$angrol !adiad

$e+sana !asi6 !avsari 46+a

Palan,ur Pune

Savar6undla na

n-+a alsad

a,i #anavav

'$9;:I7:LI7:TS OF *AR=ADI 7RO@P4

$SFP% is among t+e to, 25)bro6ing +ouses o' ndia7 because o' its 'ocus on t+e 'ast)

growing retail bro6erage segment&

$SFP% +as a wide reac+ wit+ a networ6 o' @> branc+es7 @00 sub)bro6ers w+o

toget+er services B57000 ,lus trading customers and 1000 ,lus commodity customers&

$SFP% wide client base gives an ecellent o,,ortunity to cross)see t+ird ,arty

,roducts suc+ as $utual Fund7 and nsurance&

n t+e nsurance Sector7 we +ave ma-or ,resence in Sauras+tra as eclusive Cor,orate

Agents o' 9A9A)A( bot+ 'or li'e and non)li'e business&

$SFP% +ave a re,utation 'or being 'irst movers in ado,tion new ,roducts and ,utting

it to t+e customers&

24


26/50

$SFP% +ave robust ris6 management system7 w+ic+ is ,roven by t+e 'act o' very low

recoverable outstanding at any ,oint o' time&

$SFP% service delivery systems are leveraged by tec+nology and t+ere'ore $SFP%

+ave establis+ed global reac+ at o,timal cost& $SFP% recogniHe t+at t+e ultimate in

bottom line is t+e e''iciency o' delivery system& t is t+ere'ore $SFP% motto to

continuously u,grade delivery systems t+roug+ state)o')art tec+nology&

n t+e +eart o' #a-6ot city $SFP% +ave 107000 sq& 't& o' built)u, area in w+ic+

$SFP% +ave +oused latest state o' t+e art arti'acts and gadgets 'or communication

and networ6ing& $SFP% +ave 300 ,lus com,uters in t+is building running on t+e

bac6 bone o' leased data circuit lines7 S! lines and )sat in order to 'acilitate

delivery o' $SFP% ,roducts to remote location customers on real)time basis &

$SFP% +ave made 'oray into commodities trading7 as is t+e wont o' t+e $arwadi

grou,7 in t+is business& 9rue to $SFP% motto7 as on day7 $SFP% are cloc6ing a daily

trading volume o' #s& 50 Crore7 by -ust +aving ta6en it to Sauras+tra region only&

$SFP% are gradually ,enetrating t+e mar6et outside Sauras+tra in commodities too&

$SFP% +ave strong distribution networ6 w+ic+ +as been ,rimarily res,onsible 'or

$SFP% ever en+ancing volumes and t+ere'ore ,ro'itability& $SFP% use C+annel

Partners ;suc+ as sub)bro6ers7 'ranc+isees7 remises etc&< to reac+ out to retail segment&

$SFP% in t+e ,rocess ,rovide liveli+ood to many ,eo,le w+o would +ave ot+erwise

+it t+e -ob)mar6et& $SFP% +ave generous revenue s+aring arrangement wit+ C+annel

,artners&

$SFP% average daily trading volume in all segments o' bot+ !SE and *SE ,ut

toget+er amount to #s& 220 Crore& 9+e total daily trading volume on !SE and *SE

,ut toget+er around #s& 220 t+ousand Crore7 t+ere'ore amount o' 1R to t+e !ational

Average aily 9rading volume&

'$%;C@RRENT SCENARIO

Servicing more t+an 17 007000 clients&

#an6ed among to,)50 bro6ing +ouses&

Servicing more t+an ?> ,in codes&

aving more t+an @00 Franc+iseeVSub)bro6ers aut+oriHed ,ersonTs networ6&

$ore t+an 300 em,loyeeTs strengt+&

25


27/50

n'rastructure s,reading 10000 Sq& Ft& into 5 storied building&

26


28/50

'$%%;CO*PAN< INFOR*ATION

!A$E : $arwadi S+ares Finance Pvt& %td& #E(S9E#E 4FFCE

C4#P4#A9E 4FFCE : $arwadi Financial Centre !r& at+iawad (ym6+ana

r& #ad+a6ris+nana #oad #a-6ot U 30 001 EA 4FFCE : $arwadi Financial Center

!r& at+iawad (ym6+ana r& #ad+a6ris+nana #oad #a-6ot U 30 001

P4!E !4 : 2@> 13 13

"E* S9E : www&marwadionline&com

www&ms',l&com #EC94#S : $r& etan $arwadi

$r& even $arwadi $r& Sandee, $arwadi

C&E&4 : Keya6umar&A&S&

EP9J (E!E#A% $A!A(E# : $r& ares+ $aniar

C4$PA!J SEC#E9E#J : $r& 9us+it $angu6iya

E$A% : smarwadiX+otmal&com7

Piyus+&marwadiXmarwadionline&

27

http://www.marwadionline.com/mailto:[email protected]:[email protected]://www.marwadionline.com/


29/50

'$%'; &OARD OF DIRECTORS

$A!A(!( #EC94# : $r& etan $arwadi

"4%E 9$E #EC94#S : $r& even $arwadi

$r& Sandee, $arwadi

CE4 : $r& & S& Kay 6umar

(E!E#A% $A!A(E# : $r& Paras $aniar

C4$PA!J SEC#E9E#J : $r& 9us+it $angu6iya

J& $A!A(E# : $r& ares+ $aniar

P $A!A(E# : $r& Arvind (amot

# $A!A(E# : $r& A6s+ay (oswami

ACC4!9 $A!A(E# : $r& Kayant and $r& *+argav

$A#E9!( $A!A(E# : $r& $i+ir ot+ari

28


30/50

'$%-;TI*E SEEPIN7

9+ere are numbers o' em,loyes wor6ing in t+is com,any& $arwadi +as a s+i't o' wor6 and

t+ey 'ollow t+e system o' ,unc+ing card system& $arwadi +as only one s+i't o' > +oursstarting 'rom ?&30 A&$& to B&30 P&$& during wor6ing +ours t+ey +ave lunc+ brea6 o' one +our

start 'rom 1&00 P&$& to 2&00 P&$& 9+e 'ollowing are t+e bene'its o' t+e time6ee,ing system&

1& t +el,s in not+ing o' ,resence and absence o' em,loyess&2& t +el,s in recording arrival time o' em,loyess&3& t +el,s in not+ing o' em,loyess leave t+e organisation during or be'ore duty time&@& t also ma6es t+e note o' em,loyees w+o do wor6 'or overtime&

9+is in'ormations are also given to wage and salary admisistration&

'$%.;*E*&ERS:IP

9rading cum clearing members 'or cas+ derivative segment

!ational Stoc6 Ec+ange o' ndia %td&

*ombay Stoc6 Ec+ange

Sauras+tra U utc+ Stoc6 Ec+ange&

4ver t+e Counter Ec+ange ndia

29


31/50

C+a(ter - Researc+ *et+odolo!y

Pro(osal

-$ Researc+ *et+odolo!y Pro(osal

%, *ana!ement Pro"lem4

ow to increase in sales t+roug+ increase in number o' customer&

', Researc+ O"1ective4

30


32/50

9o study consumer buying be+aviour w+ile investing&

9o analyHe t+e reason 'or c+oosing one ,articular 'inancial instrument&

9o study t+e investment ,attern o' di''erent social class investors ;in term o' age grou,7education7 income etc&<

9o study t+e di''erence between various investment o,tion o''ered at marwadi s+ares and

'inance ltd& 9o identi'y t+e customerOs satis'action dissatis'action wit+ res,ect to ,roduct and

services&

9o identi'y t+e e,ectations o' a customer&

-, Researc+ uestion4

1& ow muc+ R o' your income do you investY

2& "+at are t+e modes o' investment you ,re'er ;#an6 t+em according to your ,re'erence<

3& "+at is t+e im,ortance o' 'ollowing criteria 'or you w+ile ma6ing investmentY

@& o you ,re'er to invest in5& "+at is your ,resent investment ,ort'olio in

& "+ic+ com,any V instituteV organiHation you trust t+e most 'or investment decisions&

B& ow do you ta6e 'inancial investment decision

>& "+ic+ 'actors do you considered t+e most at time o' investmentY

?& Are you satis'ied wit+ t+e investment +ave you made on t+e basis o' 'ollowing ,arameter

10& Are you ,lanning to invest in near 'utureY

., Researc+ Desi!n4

tilised escri,tive esign 'or researc+&

0, Ty(e o# Researc+4

9y,e o' researc+ is uantitative #esearc+&

6, Researc+ Instrument4

tilise uestionnaire as an instrument 'or conducting a researc+&

2, Sam(lin! *et+od4

tilised uota Sam,ling 'or sam,ling met+od&

8, Sam(le sie4

+ave calculated sam,le siHe t+roug+ Sam,le SiHe So'tware Calculator& "+ere Con'idence%evel is ?5R7 Con'idence nterval is 107 Po,ulation o' A+madabad 'or investing in t+e stoc6 mar6et is 100000 ;Est&


33/50

%, uali#ication o# Researc+er4

Sanwarmal Saran ;$*A W P(P(*$<

%%, Limitations o# Study4

9+ere are ,ossibilities t+at res,ondents w+ic+ +ave ta6en may not give accuratein'ormation or may give 'a6e in'ormation&

Personal details w+ic+ +ave been as6ed t+at ,eo,le are not ready to give es,ecially contactnumber7 income etc&

t is di''icult to get data 'rom 'emale&

%', Data Analysis *et+od4

escri,tive statistics as a data analysis met+od&

%-, Data Analysis So#tware4

+ave utilised Sam,le siHe calculator and Ecel 200B version as data analysis so'tware toanalyse t+e data w+ic+ +ave collected t+roug+ researc+&

-$% Researc+ InstrumentA questionnaire is a researc+ instrument consisting o' a series o' questions and ot+er ,rom,ts

'or t+e ,ur,ose o' gat+ering in'ormation 'rom res,ondents& Alt+oug+ t+ey are o'ten designed'or statistical analysis o' t+e res,onses7 t+is is not always t+e case& 9+e questionnaire wasinvented by Sir Francis (alton&uestionnaires +ave advantages over some ot+er ty,es o' surveys in t+at t+ey are c+ea,7 donot require as muc+ e''ort 'rom t+e questioner as verbal or 'urniture surveys7 and o'ten +avestandardiHed answers t+at ma6e it sim,le to com,ile data& owever7 suc+ standardiHedanswers may 'rustrate users& uestionnaires are also s+ar,ly limited by t+e 'act t+atres,ondents must be able to read t+e questions and res,ond to t+em& 9+us7 'or somedemogra,+ic grou,s conducting a survey by questionnaire may not be ,ractical&As a ty,e o' survey7 questionnaires also +ave many o' t+e same ,roblems relating to question

construction and wording t+at eist in ot+er ty,es o' o,inion ,olls&

9+is researc+ is being conducted by t+e $arwadi S+are and Finance %td& on understandingt+e .nvestor be+aviour on investment in securities mar6et/& n'ormation ,rovided by you

will be utilised 'or commercial use& Jour ,artici,ation is voluntary but by ,rovidingin'ormation you can +el, us in our mar6et researc+&

32


34/50

!ame U ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

$obile !o) ZZZZZZZZZZZZZZZZZZZZZZZZZZ Email d)ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Age: 1>)21 [ 22 ) 3@ [ 35 U @@ [ @5 ) 5@ [ 55 ) @ [ \ 5

4ccu,ation)[(ovtEm,loyee[Pvt Firm Em,loyee [*usiness Person[Pro'essional [4t+ers

ncome)[%ess t+an#s&2%acs[#s&2%acs to#s&5%acs[#s&5%acs to #s&10%acs[$ore t+an#s&10%acs

uestionnaire

1& "+ere do you invest your SavingsYo *an6 Savings Fied e,osit

o S+aresVebentures

o (oldVSilver

o #eal Estate

o $utual Funds

o nsurance

o 4t+ers ;Please $ention


35/50

o Jes

o !o

B& ' yes7 t+en in w+ic+ you +ave invested in t+e ec+ange or Com,aniesY Please $entionZZZZZZZZZZZZZZZZZZZZZZZZZ

>& "+at is your investment ,atternYo ?0 ays)

o 1 Jr&

o 1Jr)3Jrs

o 3Jrs)5Jrs

o 10 Jrs&T Above

?& n w+ic+ ty,e o' equity or derivatives you +ave investedYo Cas+

o Future

10& n w+ic+ o' t+e com,any you would li6e to deal more and more timeY

$arwadi S+ares Angel *ro6ing FC

S+are +an 9rade *ulls CC Securities

11& According to your ,re'erences7 list down t+e com,any in w+ic+ you would li6e to invest

in t+e Com,aniesY ;1st #an6 'or most ,re'erred t+ #an6 'or least ,re'erred&

Com,anies #an6 $#F

Sun P+arm

#eliance

Adani

"i,ro

!estle

12& "ould you li6e to give any suggestion to s+are mar6et ndustryYo ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

ZZZZ

34


36/50

C+a(ter . Tas/Tar!ets assi!ned

/Ac+ievements

.$% E5(eriential learnin!

!o $a-or 9as6 E,eriential learning

35


37/50

&

1 nterview give t+e 'irst time interview in cor,orate organisation and learn

+ow to communicate wit+ interviewer and in interview manage

our sel' and learn +ow to give t+e best in interview&

2 Com,any 'irst dayV visited

com,any

see t+e 'irst time o''ice culture and learn manage our sel' in

o''ice and +ow to interact com,any em,loyee and o''ice boy&

3 $eet (uider %earn +ow to e,lain about our sel' and dictions various to,ic

@ 9a6e wor6 Vdecided t itle

o' ,ro-ect

E,lain our strengt+ and decide title o' ,ro-ect

5 #eading read !SE7 *SE boo6 and learn various to,ics regarding my

,ro-ect title&

oubt as6 to guider arious doubt as6 to guide related to my ,ro-ect and learn all

to,ics

B "or6 wit+ com,any

em,loyee

learn +ow to wor6 wit+ com,any em,loyee and contribute our

6nowledge> %og boo6 ,re,aration %earn ,re,aration log boo6

? 4bservation in o''ice 4''ice culture7 em,loyee be+aviour7 client be+aviour7 ot+er&

10 9ime manage %earn manage daily o''ice time&

36


38/50

.$' SIP learnin!

Activity source %earning

#ead about t+e commodity gold at $CQ

#ead about t+e Platinum at $CQ

#ead about Silver at $CQ&

#ead about t+e commodity rubber at $CQ

#ead about t+e commodity Aluminium at

$CQ

ndia is world^s largest mar6et 'or gold

-ewellery& %ondon is t+e world^s biggest

clearing +ouse& 9rading session $onday to

Friday 10 a&m& to 11:55 ,&m& $aimum order

siHe 10 6g& i''erent ty,es o' gold are t+ere

li6e (old m7 (old Petal& Factors in'luence

t+e mar6et is edging interest o' ,roducers

and $acroeconomic 'actor suc+ as S

I7interest rate&

9+e %ondon Platinum and Palladiummar6et;%P$$


39/50

#ead about t+e commodity Co,,er at $CQ

#ead about t+e commodity ron ore at $CQ

#ead about t+e commodity %ead at $CQ

#ead about t+e commodity Steel at $CQ

#ead about t+e commodity !ic6el at $CQ

#ead about t+e commodity 9in at $CQ

Co,,er is ecellent conductor o' +eat and

electricity e,ort country C+ile7 _ambia7

Ka,an7 #ussia and Peru& Sterlite7 indal co7

industan co,,er are ma-or ,roducers o'

coo,er& $aimum order siHe B0$9&

ron ore demand in automobiles7 construction

and manu'acturing sector& $a-or ,roducers

C+ina7 *raHil7 Australia7 ndia& Factor

in'luence inventory stoc67 new mines&

$aimum allowable o,en ,osition 107007000

$9&

%ead)Pb& $ain ,roducers industan _inc ltd&

And ndian lead ltd& $a-or ,roducers

$eico7 Peru7 9ur6ey& 9rading units 5 tons&

*ase value)#s&V6g& $aimum order siHe)100

tons& 9ic6 siHe 5 ,aisaV6g&

Steel consumed by trans,ort7 'actories7 cars&

ndia steel ,rices mostly in'luenced by

domestic demand and su,,ly scenario& $a

allowable 17007000 $9& uality

s,eci'ication)$ild steel ingots&

#ussia7 Canada and !orway are t+e world^s

largest e,orters& ndian demand @0000 $9&

Factors in'luence 'ies on t+e basis o' t+e

rates t+at rule on t+e internationally s,ot

mar6et& Economy event suc+ as national

industrial growt+7 recession and in'lation

e''ect& $aimum order siHe)2@$9

Producer)C+ina7 Peru7 *raHil& %ondon metal

ec+ange is t+e ma-or re'erral mar6et 'or

38


40/50

#ead about t+e commodity _inc at $CQ

#ead about Aviation 9urbine 'uel;A9F<

#ead about t+e commodity Crude oil at

$CQ

Attended meeting wit+ my guide&

Attended meeting wit+ my guide

'uture trading in tin& ndia ,roduce 10 tons&

_n& E,orting countries *elgium7 Canada

and orea &in 2012 ndia ,roduction wasB71172 $9&ma order)100 tons&

9o6yo commodity ec+ange and C)CC4$&

E,ort 'rom ndia 20&B millions barrels in

2005)0 to 25& million barrels in 200>)0?&

Crude oil ,rices in'luence A9F ,rices&

Factors included natural disaster7 interest

rate7 disru,tions in ,roduction due to etreme

weat+er or un'oreseen events&

#ussia7 Saudi7 ran7 S are t+e to, ,roducing

countries& Consumer Ka,an7 C+ina7 ndia&

Factors in'luence 4PEC out,ut7 S crude

and ,roducts currency 'luctuations& $a

order 10000 barrels&

$r& *+avi6 sir told me about w+at question

to be add in questionnaire li6e do you wit+

ec+ange trade mec+anism7 i' yes t+en w+ic+

o' t+e 'ollowing ec+ange you ,re'er li6e

$CQ7 !CEQ7 !$CE%& "+at ,roducts

+ave you traded on t+is ec+ange li6e

*ullions7 Agro7 $etals& "+at is your

e,erience wit+ commodity mar6et& n w+ic+

o' t+e com,any you would li6e to deal more

and more timeY li6e $arwadi7 ota6 street 7ndia bulls&

iscussed about 'rom w+ere can get

investors li6e 'or *ullions 25 s+o,s at C&(&

road7 25 AP$C mar6et 'or agri commodity7

25 mana6 c+aw6&Some question regarding

li6e are aware about edging& ave you ever

done *adla trading& *adla trading is also6nown as arbitrage& Arbitrage means su,,ose

39


41/50

tea vendor selling at rs&5 its cost is rs&@ so +e

ma6ing rs&1 ,ro'it but +e is not satis'ied wit+

t+at& So +e identi'ies government canteen

w+ic+ o''ered tea at rs&2& e could now

sim,ly buy tea 'or rs&2 and sell it at #s& 5 andcan ma6e a ,ro'it o' rs&3&9+is buying o'

t+ing on one mar6et and sell it to anot+er

mar6et at a +ig+er ,rice is 6nows as

Arbitrage& Arbitrage o,,ortunities are s+ort

lived& also learnt about +edging w+ic+

mean to eliminate ris6 by entering into 'uture

'orward contract&

40


42/50

C+a(ter 0 Pro1ect Data

41


43/50

0$ Pro1ect Data

0$% Sco(e o# t+e (ro1ect

ndustry analysis& Com,any analysis&

#esearc+ met+odology and ,ro,osal&

Study on 'inancial sector overview&

etail analysis o' 'inancial instruments&

Analysis o' to, ,layers in eac+ investment in t+e mar6et ;best ,roduct


44/50

0$. E5(eriential learnin!

+ave visited around 1@0 o''ices 'or o,en mar6et sells w+ic+ is my 'irst time e,erience&

+ave done around 00 calls w+ic+ is my 'irst time e,erience&

6new t+at di''iculty 'aced by management w+ile start new o''ice&

t is necessary to +ave in'ormation about all tools w+ic+ used 'or sale t+e ,roduct in business&

learnt one word itOs called intraday7 intraday means i' ,urc+ase s+are today and sell sameday&

learnt always ta6e a visit card and 6ee, our com,anies card&

+ave met t+e some customers so7 +ave learnt about customerOs be+aviour and +ow toconvince or understand about com,any sc+emes and ot+er 'acilities o' com,any&

ig+ quali'ication is not required 'or selling&

Englis+ is not necessary 'or sales ,erson&

learnt +ow to a,,roac+ t+e client7 ,re,aration o' ,itc+7 voice modulation and content building 'or s,eec+ 'or sale t+e ,roduct&

+ave seen t+e online trading and seen ,eo,le *e+aviours and t+eir culture& learn t+at+ow to do online trading EQP&)stoc6 mar6et equity ni'ty silver gold and commodities&

andling `!oO and insult as an answer&

(rooming im,ortant to create 'irst im,ression&

E,lanation o' t+e ,roduct in s+ort& 6new about clarity o' terms and condition o' t+e #eliance ealt+ insurance ,roduct&

understood t+e com,any ,olicy and equity mar6et and commodities mar6et ,olicy& For eam,le commodities mar6et start o' 10 am to 11:30 ,m and $onday to Saturday& Saturdayonly 10 am to 3 ,m o,en& Equity mar6et starts ?:00 am to 3:30 ,m $on)day to Friday andSaturday and Sunday close& And demataccount require t+e ,an card is com,ulsory residences

,roo' and licence&

+ave seen t+e !CQ and $CQ and +ow to wor6 t+is Sense& +ave learnt about !ationalcommodities ec+ange and multi commodities ec+ange& +ave learnt all t+e t+ing is new

because am not do s+are mar6et& Sense one ty,e o' inde it directly related to t+e national

stoc6 ec+ange and *ombay stoc6 ec+ange it includes 50 stoc6& +ave seen online trading and +ave done t+e +ow to o,erate *$A nest trader so'twareand w+at are t+e 'unction o' t+e nest trader and +ow its wor6 'or eam,le buying and selling&

9o 6now t+e res,onse o' t+e ,eo,le w+ile 'iled wor6&

9ools to ma6e ot+er ,erson understand in t+e selling ,rocess w+ic+ are: %anguage Content to s,ea6 Positive attitude Communication Em,+asis ;voice modulation


45/50

0$0 Ac+ievements

+ad cleared my target w+ic+ is given by t+e com,any&

+ave meet around 15 customers&

+ave visited around 1@0 o''ices 'or o,en mar6et sells w+ic+ is my 'irst time e,erience&

+ave done around 00 calls w+ic+ is my 'irst time e,erience&

+ave 'ill u, 100 questionnaires w+ic+ is +el,ed to t+e com,any&

0$6 Failures

nable to convert re'erences to Sales&

Failure to generate sales t+roug+ o,en mar6et calls&

Faced di''iculty in co,ing u, wit+ c+allenges o' new branc+ o,ening and its setting u,&

44


46/50

C+a,ter Findings conclusion

6$% Findin!s4

45


47/50

According to t+e data t+at +ave been collected7 all t+e ,eo,le w+o were contacted areaware about s+are mar6et in A+medabad&

Survey s+ows t+at o' t+e ,eo,le t+ose w+o are aware about s+are mar6et ?0R ,eo,le +ave6nowledge o' online s+are trading 10R ,eo,le +ave not ,ro,er 6nowledge o' online s+are

trading&Peo,le li6e to invest more in insurance and gold sector rat+er t+an s+are mar6et&

31R o' t+e investment decision o' t+e ,eo,le is in'luenced by t+e 'inancial advisor&

$ostly ,eo,le are ,re'erring investment w+ic+ ,rovides sa'ety and good return&

Peo,le are ,re'er to invest in ariable return source&

4ut o' 100 res,ondents7 ,eo,le mostly consider omestic Economy situation 'actor attime o' investment and 2R ,eo,le minimum consider ot+er 'actor at t+e time o' investment&

30R res,ondent ,lanning to invest in near 'uture&

6$' Conclusion

46


48/50

From t+e all above in'ormation conclude +ere t+e 'ollowing ,oints&From t+e all data can say t+at most o' t+e customers are invest t+eir money in insurance

because it secures t+e investors 'amily 'uture as well as it gives good returns in 'uture&

Equity mar6et investors are investing in Equity to earn a good ,ro'it only&

Some o' t+e investors are invest in #eal Estate rat+er t+an invest in 'inancial ,roduct7w+ic+ is very growing 'ield in t+e mar6et w+ic+ gives good return in 'uture&

Some investors are t+ere w+o invest t+eir money to save ta&

$utual Fund is good o,tion 'or investors w+o want to save t+eir ta and sa'e t+eir money&

Equity is good 'or t+e investors w+o want to ta6e +ig+ ris6 and +ig+ returns&

ndian bro6erage industry com,etition is very +ig+ w+ic+ decline t+e bro6erage rate&

At ,resent marwadi s+ares and 'inance ltd& ,rovides t+e c+ea,er bro6erage com,are to allot+er industry&

As marwadi s+ares and 'inance ltd& are new in A+medabad t+ey +ave to ,lan ,ro,er strategies to overcome t+eir com,etitors&

9+is Pro-ect #e,ort is underta6en at .$A#"A SA#ES A! F!A!CE %9/ as

a ,art o' t+e P&(&P&(&*&$ ,rogramme& $arwadi is mainly involved in t+e bro6erage business&

Com,any o''ers various services to t+eir clients li6e 9rading in *SE and !SE& Com,any also

,rovides trading in !CEQ and $CQ& $arwadi is also e,ository Partici,ant o' !S%&

9+is ,ro-ect contains t+e details about t+e $arwadi and its 'unctioning& $arwadi is

s,read all over ndia& $arwadi +as around @B5 'ranc+ises and 25 to, bro6ing +ouses& 9+is

,ro-ect covers t+e bro6ing industry growt+ and its 'uture ideas& Pro-ect contains t+e conce,t

o' t+e ca,ital mar6et& learnt many t+ings t+roug+ t+is ,ro-ect w+ic+ did not 6now be'ore&

came to 6now t+at +ow trading is done7 +ow to buy or sell t+e s+ares7 +ow to 'ill u, t+e

'orms7 w+at are t+e necessary 'ormalities and so on&

47


49/50

C+a(ter 2 &i"lio!ra(+y

2$% Name o# t+e re#ers &oos4

1 "or6 boo6 o' A$F mutual 'und testing ,rogram&2 otler P& ;2003


50/50

• www&stoc6mar6et&com

• www&bseindia&com

T+an

end review final report

Documents