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I’m Ram Bali Yadav, a student of Management Education & and Research
Institute New Delhi, Which is approved by AICTE, declare that the project
entitled “Comparative Analysis Of Stock Brokers In Delhi Region” at Karvy
Stock Broking Ltd. , is the original work done by me and the information
provided in the study is authentic to the best of my knowledge.
Place: Signature:
1. ACKNOWLEDGEMENT ……………..………………………………………….. 5
2. EXECUTIVE SUMMARY…...……………………………………………………. 6
3. INTRODUCTION OF COMPANY………………………………………………....7
4. BACKGROUND……………………………………………………...………………8-14
KARVY’S MISSION……………………………………………..….9
1. KARVY’S VISION……………………………………….……….…9
2. KEY PERSONS……………………………………………….…......10-11
3. KARVY MILESTONES…………………………………………......12
4. KARVY CREDO……………………………………………………..13
5. QUALITY POLICY……………………………………………...…..14
5. KARVY VALUES………………………………………………………………...…...15
6. ACHIVEMENTS………………………………………………………………….......16
7. KARVY WINGS………………………………………………………………....……17-20
1. STOCK BROKERS…………………………………….……………22
2. SUB-BROKERS……………………………………..……………….23
3. MARKET MAKERS……………………………..………………….23
4. PORTFOLIO CONSULTANTS…………...………………………...23
14. SUGGESTIONS……………………………………………………………………….69
15. LIMITATION………………………………………………………………………….70
16. CONCLUSION………………………………………………………………………...71
18. BIBLIOGRAPHY………………………………………………………………………74
ACKNOWLEDGEMENT
I would like to convey my heartiest gratitude to several people, for their support
and guidance which helped me complete my Summer Internship. First and
foremost I would like to thank Karvy Stock broking Limited, New Delhi, for
giving me an opportunity to do my internship in their esteemed organization. My
special appreciation extends to the Zonal Head Mr. Asutosh Sir for his constant
encouragement throughout this period. I also extend my gratitude to my Guide at
KARVY, Cluster Head Mr. Ranjeet Rawat and Personal Financial Advisor
Kamalesh Kumar Yadav, who instructed us with the work procedures and dealt
with us with patience at all times. This internship would not be complete without
the support of our Director
Genaral Mr. Y L Grover. I would also like to thank placement head Mr. karnol
Avatar Singh & our Internship Co-ordinators, Prof. K K Sharme for their
guidance and unflinching support throughout the phases of my Internship. I also
thank Dean A K Agrawal for his insightful knowledge, patience and
encouragement which gave me the strength and power to perform my best. My
special thanks to my co-students and dear friends Mr. Shailesh, Shashi Kumar,
Lokesh Jain & Pratik Raj who being a part of the same internship, supported me
throughout my Internship and with whose help I could complete my work
efficiently and effectively. Their consistent help kept me motivated and going. Last
but not the least, my endless appreciation goes to my family who has stood by my
side and given me moral support whenever I was low and boosted my will power.
EXECUTIVE SUMMARY
There is growing competition between brokerage firms in post reform India. For
investor it is always difficult to decide which brokerage firm to choose.
Research was carried out to find which brokerage house people prefer and to figure
out what people prefer while investing in stock market. This study suggest that
people are reluctant while investing in stock and commodity market due to lack of
knowledge Main purpose of investment is returns and liquidity, commodity market
is less preferred by investors due to lack of awareness. The major findings of this
study are that people are interested to invest in stock market but they lack
knowledge. Through this report we were also able to understand, what are our
Company’s (Karvy) positive and strong points, on the basis of which we come to
know what can be the basis of pitching to a potential client. We also gave
suggestions to the company, what improvement can be done to our product.
My Internship consisted of the On Job Training as A Seals Manager. The best
learning experience was that I started from the very basics of getting to that
position and not from the position itself. This helped me get useful insight and
understanding of various financial products, the market details about them and the
benefits provided by them to the customers. Emphasis was given in analysis of the
investor behavior of the clients. Another interesting fact was that all these products
were suggested to clients not just based on their market performance and returns,
but on the client’s financial condition as well as their risk taking capacity. Training
sessions were held to give me insights about the various products that KARVY
STOCKBROKING deals in like: Mutual Funds, Insurance and Bonds.
Presentations on the same after self study and analysis were a part of this
internship session. I provided financial advice and suggestions to the investors for
mutual funds which may prove prudent to them. For other products I studied the
client’s investing behavior and assisted the wealth manager, who decided the
investment options and designed the portfolios.
KARVY is 1st register and a premier integrated financial services provider and
ranked among the top five in the country in all its business segments. It services
over 16 million individual investors in various capacities and provides investor
services to over 300 corporates, comprising who is who of Corporate India.
It is a member of :-
Karvy utilized its experience and superlative expertise to capitalize on its strengths
and better its service, innovate and provide new ones. It diversified in the process
and thus evolved as India’s premier integrated financial service enterprise. Karvy
has been a customer centric company since its inception. It offers asingle platform
servicing multiple financial instruments in its bid to offer complete financial
solutions to the varying needs of both corporate and retail investors, where an
extensive range of services are provided with great volume-management
capability. KARVY covers the entire spectrum of financial services such as Stock
broking, Depository Participants, Distribution of financial products - mutual funds,
bonds, fixed deposit, equities, Insurance Broking, Commodities Broking, Personal
Finance Advisory Services, Merchant Banking & Corporate Finance, placement of
equity, IPOs, among others. Karvy has a professional management team and ranks
among the best in technology, operations and research of various industrial
segments.
BACKGROUND
The flagship company, Karvy Consultants Limited was found with the vision and
enterprise of a group of practicing Chartered Accountants on a modest scale in
1981 in Hyderabad at initial stage it was very small in size. It was started with a
capital of Rs. 1,50,000, where it now has 13 branches. It initiated with just one
activity and later carved roads into fields of registry and share accounting as well.
From then there was no stopping at all. A decade of commitment, professional
integrity and vision helped Karvy achieve a leadership position in its field. It is
known to handle the largest number of issues ever in the history of the Indian stock
market in a particular year. Thereafter, Karvy made inroads into a host of capital
market services, corporate and retail which proved to be a sound business synergy.
Today Karvy has access to millions of Indian shareholders, besides companies,
banks, financial institutions and regulatory agencies. Over the past one and half
decades, Karvy has involved as a veritable link between industry, finance and
people. In January 1998, Karvy became the first Depository Participant in Andhra
Pradesh. An ISO 9002 company, Karvy’s commitment to quality and retail reach
has made it an integrated financial services company. A SEBI category 1 registrar,
so far Karvy has handled over 675 issues as Registrars to public issues, processed
over 52 million applications and is servicing over 16 million investors from
various locations spread over 205 cities.
Karvy’s Mission:
Vision of Karvy
Company’s vision is crystal clear and mind frame very directed. “To be
pioneering financial services company. And continue to grow at a
healthy pace, year after year, decade after decade.” Company’s
foray into IT-enabled services and internet business has provided an
opportunity to explore new frontiers and business solutions. To build a
corporate that sets benchmarks for others to follow.
KEY PERSONS
His passion and vision for achieving leadership in the business made KARVY a
leading financial intermediary ranking them as number one in the registrar, Share
Transfer and IPO Distribution businesses. He also holds directorship in KARVY
Securities Limited, KARVY Stock Broking Limited, KARVY Investor Services
Limited, KARVY Computershare Private Limited, KARVY Commodities Broking
Private Limited, EPR Pharmaceuticals Private Limited and Ocean Sparkles
Limited.
KARVY MILESTONES
Karvy has traveled a success route over the past 25 years and positioned itself as an
emerging financial service giant in which embeds the confidence and support of
enviable patrons across the financial world. Patrons are also of diversified fields
which includes over 16 million individual investors in various capacities and 300
corporates comprising the best out of the whole lot .Years of experience of holistic
financial services and expertise in this industry has helped it gain the status it
enjoys and cherishes today.
(Karvy.com)
KARVY CREDO
Teamwork
“None of us is more important than all of us”
Each team member is the face of Karvy. Together they offer diverse services with
speed, accuracy and quality to deliver only one product: excellence. Transparency,
co-operation, invaluable individual contribution for a collective goal, and respect
for individual uniqueness within a corporate whole, is what KARVY aims at.
Responsible Citizenship
“A social balance sheet is as rewarding as a business one.”
As a responsible corporate citizen, KARVY believes that its duty is to foster a
better environment in the society where they live and work. To abide by its norms,
and to behave in a responsible manner towards the environment, are some of its
growing initiatives towards realizing this.
Integrity
“Everything else is secondary”
Professional and personal ethics are Karvy’s bedrocks. They take pride in
building an environment that encourages honesty and opportunity to learn
from failures than camouflage them. They insist on consistency between work and
actions.
QUALITY POLICY:
To achieve and retain leadership, Karvy aims for complete customer satisfaction,
by combining its human and technological resources, to provide superior quality
financial services. In the process, Karvy strives to
exceed Customer's expectations.
Karvy Values
Integrity
Responsibility
Reliability
Unity
Understanding
Excellence
Confidentiality
Karvy has adequate internal control systems and procedures commensurate with
the size nature of its business. These system and procedures provide reasonable
assurance of maintenance of proper accounting records, reliability of financial
information, protection of resources and safeguarding of assets against
unauthorized use.
ACHIEVEMENTS
KARVY WINGS
As discussed earlier, KARVY offers a single platform servicing multiple financial
instruments in its bid to offer complete financial solutions to the varying needs of
both corporate and retail investors. The range of products and services are provided
by the following wings.
This is the flagship company of Karvy Group and it controls the organizational
affairs, channels of progress, work affairs and pioneering business policies. This
was the first business the KARVY group ventured into, but now they have
transferred it into a joint venture with computer share limited of Australia, the
world’s largest registrar. This company services around 6 lakh customer accounts
in a spread of 250 cities/towns in India.
This wing of Karvy is registered with SEBI as a category 1 merchant banker and is
also recognized as a leading merchant banker of the country. It has built its
reputation by capitalizing the opportunities as and when it comes, beit in corporate
consolidations, mergers and acquisitions or corporate restructuring. Involvement in
raising resources for corporate or government undertaking successfully over the
past two decades has given it a tremendous confidence boost.
This wing of Karvy has traversed wide spaces to tie up with the world’s largest
transfer agent, the leading Australian company Computershare Limited. This
company services more than 75 million shareholders across 7000 clients and
makes its presence felt in over 12 countries across 5 continents. It has also entered
into a 50-50 joint venture with Karvy. After transferring completely to this new
entity it has tried to enrich the financial services industry as a whole. The
worldwide network of Computershare helps it to adapt to the international
standards in addition to leveraging the best technologies from all over the world.
This is a specialist Business Process Outsourcing unit of the Karvy Group. The
legacy of experience in financial services of Karvy Group acts as a big support for
entering the global arena with confidence of delivering the best. This wing offers
several models on the understanding of business needs that are unique and
therefore only a customized service could possibly fit the bill. Their service matrix
has permutations and combinations that create several options to choose from. Its
Services meet the most stringent International standards, be it re-engineering and
managing processes or delivering new efficiencies.
Karvy Commodities focuses on taking commodities trading to new dimensions of
reliability and profitability. They have made commodities trading, an essentially
age-old practice, into a sophisticated and scientific investment option. It helps in
enabling trade in all goods and products of agricultural and mineral origin that
include lucrative commodities like gold and silver and popular items like oil,
pulses and cotton through a well-systematized trading platform.
Karvy Insurance Broking Pvt. Ltd., provides both life and general insurance
products to retail individuals, high net-worth clients and corporate. With the
opening up of the insurance sector and entry of a large number of private players in
the business, it is in a position to provide tailor made policies for different
segments of customers.
1. Stockbrokers
2. sub-broker
3. market makers
4. Portfolio consultants etc.
1.) Stockbrokers
Stock brokers are the members of stock exchanges. These are the persons who buy,
sell or deal in securities. A certificate of registration from SEBI is
mandatory to act as a broker. SEBI can impose certain conditions while granting
the certificate of registrations. It is obligatory for the person to abide by the rules,
regulations and the buy-law. Stock brokers are commission broker, floor broker,
arbitrageur etc.
9,000 24,000
2.) Sub-broker
1- Stock broking
2- D-mat services
3- Derivative Services
9- Loans
1. Stock Broking:
2. D-mat Services:
3-Derivative Concept
As the name suggests, derivative is a financial instrument that offers a return based
on the return of some other underlying asset. In this sense, its return is derived
from another instrument. The definition states, a derivative's performance is based
on the performance of an underlying asset. This underlying asset is often referred
to simply as the underlying. It trades in a market in which buyers and sellers meet
and decide on a price; the seller then delivers the asset to the buyer and receives
payment. The price for immediate purchase of the underlying asset is called the
cash price or spot price.
A derivative also has a defined and limited life: A derivative contract initiates on a
certain date and terminates on a later date. Often the derivative's payoff is
determined and/or made on the expiration date, although that is not always the
case. In accordance with the usual rules of law, a derivative contract is an
agreement between two parties in which each does something for the other. In
other words, no money need change hands up front.
Types of Derivatives
Over-the-counter (OTC) derivatives are contracts that are traded (and privately
negotiated) directly between two parties, without going through an exchange or
other intermediary. Products such as swaps, forward rate agreements, and exotic
options are almost always traded in this way. The OTC derivatives market is huge.
Futures Contract
Forward Contract
Options Contract
PUBLIC SECTOR
MANUFACTURING COMPANIES
Sl. No. Company Name
1 A P Paper Mills Ltd.
2 Amtek Indian Ltd.
3 Atul Ltd.
4 Ballarpur Industries Ltd.
5 Chambal Fertilizers & Chemical Ltd.
6 Escort Ltd.
7 Greaves Ltd.
8 Indian Express
9 Ind-Swift Ltd.
10 J k Industries Ltd.
11 Gujarat Alkalies & chemical Ltd.
12 Jindal Steel & Power Ltd.
13 Supreme Industries Ltd.
14 Sound Craft Industries Ltd.
15 Zauri Industries Ltd.
(b). Bonds:
(c). IPO:
Corporate finance is the financial activity of corporation. It deals with the firm's
operations with regard to investing and financing. It concerned with how firms
raise capital and the consequences of alternative methods of raising capital. Firm’s
capital can be raised by raising loans, issuing shares, and acquiring or merging
with other businesses by public or private companies. Merchant banking is a
financial intermediation that matches entities that need capital and those that have
capital. Hence they facilitate the flow of capital in the market. Karvy enjoys SEBI
category (I) authorization for Merchant Banking. Karvy offers the full spectrum of
Merchant Banking Services, beginning from identifying the best time for an issue
to final stage of marketing it, to harvest unparalleled success. As a merchant
banker Karvy offer following services:
Issue management
Instrument designing
Pricing of the issue
Registration process for the issue of shares
Marketing efforts
Final allotment to investors
Listing details on stock exchanges
Loan syndication
Lease financing
Corporate advisory services
Underwriting
Portfolio management
Karvy has been started this service since March, 2004. Karvy is work as TIN
Facilitation Centre it provides following IT enabled services.
TIN Overview
The banking system, being the agency that collects the money on behalf of the ITD
against tax obligations from the tax payers will be linked to the TIN central system
to provide accounting information on tax paid by various entities under various
heads. As banks are relatively technology-enabled entities, they will directly be
linked electronically to the TIN central system enabling online tax accounting. On
the other hand, the entities depositing the tax (deductors) vary substantially with
respect to their computer skills and hence TIN design provides for TIN Facilitation
Centers managed by NSDL to help digitization and upload of tax payment related
information to the TIN central system. Besides NSDL, UTI Investor Services Ltd.
may also provides IT Enabled services.
Overall Excellence.
Handling of Volumes
Timely Dispatch
Quality Management and Technological Up gradation.
A SEBI Category No. 1 Registrar, So far, Karvy has handled over 675 ISSUES as
Registrars to public issues processed over 52 million applications and is servicing
over 16 million investors from various locations spread over 205 clients.
9. Loan:
Vehicle Loan
Home Loan
Personal Loan
ADVANTAGE
The remaining Margin deposit amount can be used for your trades
Alternately, you initially pay a lump sum amount of Rs. 7,000/-
(comprising of Margin deposit of Rs. 5,000/- and an upfront AMC of Rs.
2,000). With this option, you get a 16.67% discount on AMC of Rs.
2,400, that would otherwise be payable in installments. Also, you get to
use the entire Margin deposit of Rs. 5,000/- for your trades. Rs.350 is
deductible additionally towards stamp charges. 2nd year onwards, you
have the option of paying the AMC as Rs. 200/- p.m. or an upfront lump
sum amount of Rs. 2,000/-
You save a minimum of Rs.1,250/- on what you would have had to
pay, if you had not registered for I-Zone +
I-Zone + provides you a LIFE TIME FREE demat account (AMC
for d-mat a/c is life-time free–Transaction charges will be as applicable)
A Mutual Fund is a form of collective investment that pool of money from many
investors, who share common financial goals and invests their money in stocks,
bond, short term money market instruments and/or other securities. The income
earned through these investments and the capital appreciations realized are shared
by its unit holders in proportion to the number of units owned by them. Thus a
Mutual Fund is the most suitable investment for the common man as it offers an
opportunity to invest in a diversified, professionally managed basket of securities
at a relatively low cost. The flow chart below describes broadly the working of a
mutual fund:
Close Ended
By Structure
Schemes
Interval
Schemes
Growth
Schemes
Income
Schemes
Types of By Balance
Mutual Scemes
Investment
Funds
Objective
Money
Market
Schemes
Tax Saving
Schemes
ELLS
Special
Schemes
Index
Schemes
Sector
Specific
Schemes
Interval Schemes:
It is a fund that combines the features of open-ended and closed-ended
schemes, making the fund open for sale or redemption during pre-determined
intervals. In other words, this is a mutual fund with redemption features in between
those of closed-end and open-end funds.
Growth Schemes:
It is a diversified portfolio of stocks that has capital appreciation as its primary
goal, and it thereby invests in companies that reinvest their earnings into
expansion, acquisitions, and/or research and development. Most growth funds offer
higher potential growth but usually at a higher risk.
Income Schemes:
This scheme seeks to provide stable current income by investing in securities that
pay interest. Income funds typically invest in utility stocks and blue chips.
Balanced Scheme:
It is a type of mutual fund that invests its assets into the money market, bonds,
preferred stock, and common stock with the intention to provide both growth and
income. A balanced fund is geared towards investors looking for a mixture of
safety, income, and capital appreciation. The amount the mutual fund invests into
each asset class usually must remain within a set minimum and maximum. It is
also known as “Asset Allocation Fund”.
Index Schemes:
It is a portfolio of investments that is weighted the same as a stock-exchange index
in order to mirror its performance. This process is also referred to as "indexing".
Investing in an index fund is a form of passive investing. The primary advantage to
such a strategy is the lower management expense ratio on an index fund. Also, a
majority of mutual funds fail to beat broad indexes.
2) Past performance:
The previous returns of the funds mentioned in the investment brochures were seen
and the funds which have performed well and given high returns were preferred
and suggested to clients.
3) Consistency in returns:
The returns are not just expected to be high but a consistency should be
observed in the fund’s performance and returns. The previous year return for a
particular fund may be high but if it is not consistent in its performance then that is
a risky deal. Consistent funds are more suitable for risk averse clients.
4) Tax benefits:
The investors whose objective is tax saving then advice to them invests in tax
saving Mutual Funds.
5) Fund Manager:
An investor will trust and invest his money in the funds which are managed by
well reputed fund managers. Thus this criterion is also of utmost importance. I
made suggestions to the clients after taking into consideration the above mentioned
criterions and based on the mutual consent of the client as well, the investment
decision was then taken. The procedure for filling forms etc followed. If the
investor had already invested in equities but wanted to open a Trading and D-MAT
account, I had to explain them the charges and procedures for the same.
12. INSURANCE
Karvy is also dealer of many private life insurance companies. At Motinagar
branch, company is associated with dealing of following companies.
Concept
Insurance, in law and economics, is a form of risk management primarily used to
hedge against the risk of a contingent loss. Insurance is defined as the equitable
transfer of the risk of a potential loss, from one entity to another, in exchange for a
premium that is risk sharing. Insurer, in economics, is the company that sells the
insurance. Insurance rate is a factor used to determine the amount, called the
premium, to be charged for a certain amount of insurance coverage. Risk
management, the practice of appraising and controlling risk, has evolved as a
discrete field of study and practice.
Sum Assured:
Types Of Insurance
Types of Insurance
Non Life/
Life Insurance General
Insurance
-Whole life
-Money back
-Property
-Endowment
-Personal
Assurance
-Life style
-Pension Plan
-Packege
-Unit Linked
Product
(ULIP
MAJOR PLAYERS IN THE REGION
1. Karvy
2. Indiainfoline
3. ICICI direct
4. HDFC security
5. Indiabulls
KARVY is a premier integrated financial services provider, and ranked among the
top five in the country in all its business segments, services over 16 million
individual investors in various capacities, and provides investor services to over
300 corporate, comprising the who is who of Corporate India. Karvy has a
professional management team and ranks among the best in technology, operations
and research of various industrial segments.
History of Karvy :- The birth of Karvy was on a modest scale in 1981. It began
with the vision and enterprise of a small group of practicing Chartered Accountants
who founded the flagship company, Karvy Consultants Limited. They started with
consulting and financial accounting automation and carved inroads into the field of
registry and share accounting by 1985. Since then, karvy utilized its experience
and superlative expertise to go from strength to strength, to better their services, to
innovate, diversify and in the process, evolved as one of India’s premier integrated
financial service enterprise.
Karvy comtrade.
Karvy consultant ltd.
Karvy merchant banking.
Karvy global services ltd.
ICICI Direct
ICICI Web Trade Limited (IWTL) maintains www.icicidirect.com (herein after
referred to as the("Website") whereas IWTL is an affiliate of ICICI Bank Limited
and the Website is owned by ICICI Bank Limited. IWTL has launched and
established an online trading service on the Website.
Personal Finance
IPO’s
Margin Trading
Call Trade
Trading on NSE/BSE
Trade in derivatives
HDFC Security
Online IPO's.
Insurance
Commodity trading
Depository Services
Derivatives Broking Services
IPO Distributions
Insurance Distribution.
Research Methodology
Objective of Research
Each research have it’s own specific purpose. It is like to discover to question
through the application of the scientific procedure. The main purpose of research to
find the truth fact that is hidden and which has not been discover as yet. Our
research study has two objectives.
Primary Objective
How KARVY is best service provider as stock broker in the city.
Secondary Objective
To know about awareness towards stock broker and Karvy Ltd.
Type of Research
On the basis of theoretical study Research has many type. All these are distributed
on the nature of research. Some of these are like-
Descriptive Research
Descriptive research include Survey and Fact finding enquires of different kinds.
The major purpose of descriptive research is description of the state of affair as it
exist at present. Researcher has no control over the variable in this research.
Qualitative Research
In our research we need comparison between different stock broker. So this based
on the all qualitative research. In short, qualitative research is specially important
in the behavioral science where the aim is to discover the underline motive of
human behavior. Through this research we analyses various factors which motive
to people to behave in particular manner or which make people like or dislike in
particular
thing.
Quantitative research
Quantitative research based on the measurement of quantity and amount. It can be
applicable to phenomena that can be express in quantity. So we use it in our
research for collecting of numerical data.
Sample Design
“Sample design is a definite plan for obtaining a sample from a given population. It
refer to the technique or procedure the researcher would adopt in selecting item for
sample.”
Sampling Unit
Sampling unit may be geographical such as state, district, village etc.
The researcher will have to decide one or more of such as units that has
to select for his study.
Size of Sample
“This refer to the number of item that to be selected from the universe to constitute
a sample.”
In our research sample size is 100
But we also study of Five Stock Brokers Companies related to the security and
commodity market like India-Infoline, ICICI Direct, HDFC Security, Indiabulls,
ShereKhan for the appropriate collection of the information
Source of data Collection
While deciding about method of data collecting to be used for the study the
research should keep type of data.
1. Primary Data
2. Secondary Data
We used in our research Primary as well as Secondary data. Primary data means
collected fresh, and first time data and secondary data means that is already
available like magazine, news paper, internet, annual report, library etc.
Survey Method
Survey refers to the method of securing information concerning phenomena under
study from all or selected number of respondent of the concern area. In a survey
the investors examines those phenomena which exist in universe independent on
his action. We used the scheduling method.
Scheduling
In this method enumerators along with schedule, go to the respondent,
And ask them questions as per questionnaire in order the questions are listed and
record the responses to make analyses.
COMPARATIVE ANALYSIS
After the whole study, we find out the following results.
0.5 0.5
0.5
0.4
0.3
0.3 Intra day
Delivery
0.2
0.2
0.1 0.06
0.04 0.05 0.05 0.05
0.03
0
Karvy ICICI Direct HDFC Security Share Khan Indiabulls India infoline
All the figures are in paisa/100repees.
Inference:
According to the survey ICICI Direct maximum charge 0.06paisa and 0.60 paisa
brokerage as compare to another in Intra-day and delivery time and is second one
which HDFC charge maximum while Karvy minimum charge 0.03/ 0.30pasia in
both Intra-day/delivery on the maximum investment.
ICICI Direct:
An one time charge of Rs. 750 at the time of account opening will be charged. You
may later upgrade your invest account to an ICICI direct.com share trading account
when you desire to trade in equity.
India infoline:
There is a nominal charge of Rs. 500 only toward stamp duty, legal and processing
fee for account opening. This include the registration and account opening charge.
Bank and Depository Participant (DP) account opening charges, if applicable, are
payable separately.
Indiabulls:
Account opening charge Rs.900. There in no any annual maintenance
charge(AMC) and no any margin money are require.
Inference
Indiabulls maximum charge Rs.900 for account opening whereas Karvy minimum
charge for Rs.350 for account opening with Rs.225 AMC but there is no AMC in
Indiabulls. In Share Khan Ltd. No account opening charge but it require Rs.5000
margin money.
Inference:
In this case we find all stock Brokers Provide all types of facility at the
different charge.
Findings And Analysis
1. Do you know about the investment options?
Knowledge %age
Yes 80%
No 20%
Total 100
20%
Yes
No
80%
Inference
Only 80% people know the exact meaning of investment and remaining 20%
people take his /her residential property as investment. According to law purpose
this is not an investment because of it is not create any profit for the owner.
Investment Scenario %
Bank 24%
Derivative & Securities 28%
Market
Insurance 4%
Real state 20%
Bonds 20%
Others 4%
Total 100
20% 4% 24%
Bank
Derivative & Securities Market
Insurance
Real state
Bonds
20% Others
28%
4%
Inference:
Today scenario is changed so the most area are covered by derivative and
securities market. It is 28% of the total population.
Liquidity 30%
Return 25%
Capital Appreciation 10%
Tax Benefit 20%
Risk Covering 5%
Others 10%
Total 100
5%
10% 30%
Liquidity
20% Return
Capital Appreciation
Tax Benefit
Risk Covering
Others
10% 25%
Inference: 75% peoples invest their money to Liquidity, Return and Tax
benefit. And remaining 25% people are interested in capital appreciation, risk
covering and other purpose.
4. Most important things you take into your mind while make investment?
8% 17%
Risk
Return
Both
75%
Inference: in this case most of people like 75% are consider the both factor risk
and return but only 25% people are consider risk and return.
5. Awareness related securities market?
8%
17%
Complete
Partial
Nil
75%
Inference: On that basis, 17% people don’t know about the securities market
and 75% people having partial knowledge about securities, market so in this case
there is require more promotion activity to investment awareness.
40%
Yes
No
60%
Inference: only 40% people having the D-mat and Trading account. Other
people don’t know either security market or why share move and down.
Company Percentage
ICICI Direct 26%
HDFC Security 12%
Karvy 19%
Share Khan 15%
Indiabulls 10%
India infoline 11%
Other 7%
Total 100
11% 7% 26%
Inference: only ICICI having the 24% of D-mat and trading account because of
their better service and karvy another stockbroker who is in second position just
because of their product and services.
18%
Operating expenses
Services
Brokerage
57%
25%
After analysis it fond that 70% customer are satisfied with Karvy & ICICI
Direct.
Investor having Risk as well as Return in their mind while making their
investing.
People want to invest in security market but they haven’t proper knowledge
about security market.
SUGGESTIONS
Commitment should be equalized for every person.
LIMITATION
CONCLUSION
On the basis of stusdy it found that karvy stock broking ltd. is batter services
provider then other stock brokers because of their research and personalized
advice on what stock buy and sell. karvy provide facility of trade as well as
relationship manager facility for encouragement and protect the interest of
investors. It also provide the information through the internet and mobile alert that
what IPO’s are coming in the market and it also provides it’s research on the future
prospect of the IPO.
Study also includes that people are not much aware of commodity market while
it’s going to be big market in India.
The company should organize the seminars and similar activities to enhance the
knowledge of prospective and existing customers, so that they can feel more
comfortable while investing in stock market.
APPENDIX
Questionnaire
1) Do you know about Investment options available?
a) Yes b) No
a) Liquidity b) Returns
c) Capital appreciation d) Risk covering
e) Tax benefits
4) What are the most important things you take into account, while
making any investment?
a) Yes b) No
a) Yes b) No
a) Services _______________________________________
b) Brokerage _____________________________________
c) Operating expenses ______________________________
d) Others ________________________________________
10) What is your trading exchange preference?
a) NSE b) BSE
c) MCX d) NCDEX
a) Yes b) No
Respondent Details
Name: _____________________________ Date of birth: ___________________
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BIBLIOGRAPHY
http://www.karvy.com
http://www.wikipedia.com
http://www.mutualfundsnavindia.com
http://www.moneycontral.com
http://www.capitaline.com
http://www.sharekhan.com
http://www.indiainfiline.com
http://www.icicidirect.com
http://www.hdfcsecurity.com
http://www.karvythefinafolish.com