Beruflich Dokumente
Kultur Dokumente
Submitted By:
2013
I Upadhyay Monang J., Shathawara Nilesh S., student of MBA IInd Semester, studying at Shayona Institute of Business Management Study, hereby declare that the summer training report on A project on investors dealing in capital market submitted to Gujarat Technology University(GTU) in partial fulfillment of Degree of Masters of Business Administration is the original work conducted by me.
The information and data given in the report is authentic to the best of my knowledge.
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This is to certify that the project titled A project on investors dealing in capital market is a work done by (Upadhyay Monang J., Shathawara Nilesh S) student of Shayona Institute of Business Management (SIBM). The student has successfully completed this project under my guidance. I am sure that the experience gained during the project work will enable him to take similar challenging projects in future.
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We have got the opportunity for the summer project from one of an ISO certified Currency broking Company VISHESH CAPITAL PVT. LTD.We have started looking for the project concept and valuable guidance right from Prof. Dhaval Shanghvi Apart from academic & Theory knowledge, Practical knowledge is also very important. So as a part of it, Summer Training & project gives a vantage point to establish ourselves as a competent candidate for every domain. In depth case study & doing summer training in VISHESH CAPITAL PVT.LTD.has been torched up to understand the paradigms of Securities (Currency) Company at ground level operations.
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The expertise, skill, generosity, and hard work of many individuals and organizations contributed significantly to the success of this project. This project could not have been completed without Prof. Dhaval Shanghvi who not only served as our internal guide but also encouraged and challenged us throughout our academic program. He and the other faculty members patiently guided us throughout the project, never accepting less than our best efforts. We heartily thank them all & also to my institute (SIBM) who gave opportunity for doing such summer project. Also, Mr. Rajesh Thanki who had selected me to do Summer Training in Vishesh capital & also to my Sir helped us in every possible manner to get an enlightened view of organization. We are indebted to him and all other staff members of Vishesh Capital Pvt. Ltd. Special thanks to Director Dr B.K. Nirmal., whose inspirational words always helped us throughout our academics. Finally, yet importantly, we would like to express our heartfelt thanks to our beloved parents for their blessings, our friends/classmates, staff members of our department for their help and wishes for the successful completion of this project. Warm regards to our college library too for backing up with indispensable support of various learning resources. I would like to thanks following staff member of Vishesh Capital who helped me to learn various things:
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EXECUTIVE SUMMARY
As a partial fulfillment of my MBA curriculum I have undergone six weeks summer training at Vishesh Capital pvt. Ltd.. I have done my summer training project at Ahmadabad branch from 15th June to 31th July.. The Vishesh Capital Pvt. Ltd. has emerged as one of the top 5 retail stock broking houses in India, having memberships on BSE, NSE and the two leading commodity exchanges in the country i.e. NCDEX and MCX. Vishesh Capital Pvt. Ltd. Ltd is also registered as a depository participant with CDSL. Vishesh Capital Pvt. Ltd.has exceeded customers expectations by providing world-class service. The questionnaire was used as data collection instrument and both open ended and close ended type of questions were used as per the requirement. From the survey it was found that *Business class investors more proportion of their income in shares and securities as compared to service class investors. *Majority of investors trade according to expert the daily traders. *Majority of investors take the decision on investment (where/what amount to invest) on their own idea and some rely on experts opinion and brokers advice. * In case segment, capital gain is the prior motives of the investors followed by regular of the investors followed by regular income and tax income and tax planning etc.
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Sr No.
Contents
Page No.
INTRODUCTION
9-17
18-35
36-41
7 BIBLIOGRAPHY
65-66
ANNEXURE
67-71
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Where do you invest your fund? Are you aware of derivative market?
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Satisfied pertaining Vishesh capital. Aware of different charge by broker. How much share or your income do you invest.
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Do you know about investment schemes in market? Best scheme in the Vishesh capital. Good return in the company. High risk in the company Service they feel about company
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Chapter:- 1
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The Indian Capital Market is one of the oldest capital markets in Asia which evolved around 200 years ago. Chronology of the Indian capital markets
1830s: Trading of corporate shares and stocks in Bank and cotton Presses in Bombay. 1850s: Sharp increase in the capital market brokers owing to the rapid development of commercial enterprise.
1860-61: Outbreak of the American Civil War and ' Share Mania ' in India. 1894: Formation of the Ahmadabad Shares and Stock Brokers Association . 1908: Formation of the Calcutta Stock Exchange Association. The pattern of growth in the Indian capital markets in the post independence regime can be analyzed from the following graphs.
From the above graph we find that the number of stock exchanges in India increased at a crawling pace till 1980 but witnessed a sharp rise thereafter till 1995.
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The following diagram shows the trend in the no. of listed companies participating in the Indian Capital Market. Here again we register a sharp rise after 1980. the number of stocks issued by the listed companies also show a similar trend.
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Market segment:
The securities market has to interdependent and inseparable segments; the primary and the secondary market. The primary market provides to channel for creation of new securities through issuance of financial instrument by public companies as well as Government and government agencies and bodies whereas the secondary market helps the holders of these financial instruments to sale for exiting from the investment. The price signals, which subsume all information about the issuer and this business including associated risk, generated in the secondary market, help the primary market in allocation of the funds. The primary market issuance is done either through public issues or private placement. A public issue does not limit any entity in investing while in private placement, the issuance is done to select people in terms of companies Act, 1956, an issue becomes public if it results in allotment to more than 50 persons. This means an issue resulting in allotment to less than 50 person is private placement. There are two major types issuers who issue securities. The corporate entities issue mainly debt and equity instrument (shares, debentures, etc.), while the governments (central & state Government)issue debt securities (dated securities, treasury bills). The secondary enables participant who hold securities adjust their assessment of risk and return. They also sell securities for cash to meet their liquidity needs. The exchanges do not provide facilities for spot trades in a strict sense. Closest to spot market is the cash market in exchange where settlement takes place after some time. Trades taking place over a trading cycle (one day under rolling settlement) are settled together after a certain time all the 23 SIBM Page 12
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stock exchange in the country provide facilities for trading of corporate securities. Trades executed on NSE only are cleared and selected by a clearing corporation which provides innovations and settlement guarantee. Nearly 100% the trades in capital segment are settled through demat delivery. NSE also provides a formal trading platform for trading of a wide range of debt securities including government securities in both retail and wholesale mode. NSE also provides trading in derivatives of equities, interest rate as well indices.
In derivatives market (F&O market segment of NSE), standardized contracts are traded for future settlement. These futures can be on a basket of securities like an index or an individual security. In case of options, securities are traded for conditional future delivery. There are two types of options a put option permits the owner to sell a security to the writer of options at a predetermined price while a call option permits the owner to purchase a security from the writer of the option at a predetermined price. These options can also be on individual stocks or baskets of stocks like index. Two exchanges namely NSE and the stock exchange, Mumbai (BSE) provide trading of derivatives of securities. Today the participants have the flexibility of choosing from a basket a products likes:
Equities Bond issued by both government and companies Futures on benchmark indices as well as stocks Options on benchmark indices as well as stocks Future on interest rate products like national 91 day T-bills, 10 year national zero coupon bond and 6% national 10 year bond.
The past decade in many ways has been remarkable for securities market in India. It has grown exponentially as measured in terms of amount raised from the market, number of stock exchanges and other intermediaries, the number of listed stocks, market capitalization, trading volumes and turnover on stock exchanges and investor population. Along with this growth, the profiles of the investors, issuers and intermediaries have change significantly. SIBM Page 13
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The market has witnessed several institutional changes resulting in drastic reduction in transaction costs and significant improvement in efficiency, transparency, liquidity and safety. In a short span of time, Indian derivatives market has got a place in list of top global exchanges. In signal stock futures category, the futures industry association (FIA) placed NSE in second position in the year 2000. Reforms in the securities market , particularly the establishment and empowerment of SEBI, market determined allocation of resources, screen based nation wide trading,
dematerialization and electronic transfer of security, rolling settlement and ban on deferral products, sophisticated risk management and derivatives trading have greatly improved the regularity framework and efficiency of trading and settlement. Indian market now comparable to many developed markets in terms of a number qualitative parameters.
PRIMARY MARKET:
A total of RS- 2,520,179 million were raised by the government and corporate sector during 2002-03 as against Rs. 2,269,110 million during the preceding year, Government raised about two third of the total resources, with central government along raising nearly Rs. 1,511,260 million.
Corporate Securities:
Average annual capital capital mobilization from the primary market, which used to be about Rs 70 crore in the 1960s and about Rs. 90 crore in the 1970s, increased manifold during the 1980s, with the amount raised in 1990-91 being Rs. 4,312 crore. It received a further boost during the 1990s with the capital raised by non government public companies rising sharply to sharply to RS 26,417 crore in 1994-95. The capital raised which used to be less than 1% of gross domestic saving (GDS) in the 1970s increase to about 13% in 1992-93, in real terms, the capital raised increased 4 times between 1990-91 and 1994-95. During 1994-95, the amount raised through new issues of securities from the securities market accounted for about
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four-fifth fo the disbursements by FIs. Issuers have shifted focus to other avenues for raising
There is a preference for raising resources in the primary through private placement of debt instruments. Private placements accounted for about 93% of total resources mobilized through domestic issues by the corporate sector during 2002-03. Rapid dismantling of shackles on institutional investments and deregulation of the economy are driving growth of this segment. There are several inherent advantages of relying on private placement route for raising resources. While it is cost and time effective method of raising funds and can be structured to meet the need of the entrepreneurs, it does not require detailed compliance with formalities as required in public or rights issue. However, to prevent public issues from being passed on as private placement, the companies (Amendment) Act, 2001 considers offer of securities to more than 50 persons as made to public. Indian market is getting interested with the global market though in a limited way though euro issues. Since 1992 when they were permitted access, Indian companies have raised about Rs 34,264 million through ADRs / GDRs. By the end march 2003, 502 FIIS were registered with SEBI. They had net cumulative investments over of US $ 15.8 billion by the end of March 2003. There operations influence the market as they do delivery-based business and their knowledge of market is considered superior. The market is getting institutionalized as people prefer funds as their investment vehicle, thanks to evolution of a regulatory framework for mutual fund, tax concessions offered by government and preference of investors for passive investing. The net collection by MFs picked up during this decade and increased to Rs 199,530 million 1990-00. This declined to Rs. 111,350 million during 2001-01 which may be attributed to increase in rate of tax on income distributed by debt oriented mutual fund and lackluster secondary market. The total collection of mutual funds for 2002-03 is been Rs. 105,378 million. Starting with asset base of Rs. 250 million in 1964, the total assets under management at the end of March 2003 was Rs. 794,640 million. The number of households owning units of MFs exceeds the the number of household sowing equity and debentures. At the end of financial year march 2003, according to a SEBI press release 23 million unit holders had invested in units of MFs, while 16 million individual investors in equity and of debentures.
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GOVERNMENT SECURITIES:
The primary issues of the central Government have increase many-fold during the decade of 1990s from Rs. 89,890 million in 1990-91 to Rs. 1,511,260 million in 2002-03. The issues by state government increased by about twelve form Rs. 25,690 million to Rs. 308,530 million during the same period The central Government mobilized Rs 1,250,000 million through issued of dated securities and Rs. 261,260 million through issued of T-bills. After meeting repayment liabilities of Rs. 274,200 million for dated securities, and redemption of T-bills of 195,880 million net market borrowing of central Government amounted to Rs. 1,041,180 million for year 1000-03. The state government collectively raised Rs. 305,830 million during 2002-03 as against Rs. 187,070 million in the preceding year. The net borrowings of state government in 2002-03 amounted to Rs.290,640 million. Along with growth of the market, the invester base has become very wide. In addition to banks and insurance companies, corporate and individual investors are investing in government securities. With dismantling of control regime, and gradual lowering of the SLR and CRR, Government is borrowing at near market rates. The coupons across maturities went down recently signifying lower interest rates. The weighted average cost of its borrowing at one stage increased to 13.75% in 1995-96, which declined to 7.34% in 2002-03. The maturity Structure of government debt is also changing. In view of bunching of redemption liabilities in the medium term, securities with higher maturities were issued during 2002-03. About 64% of primary issues were raised through securities with maturities above 5year and up to 10 years. As a result the weighed average with maturities of dated securities increased to 13.83 years from 6.6 years in 1997-98.
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Selected Indicators in the secondary market are presented in table 5.3. The number of stock exchanges increased from 11 in 1990 to 23 now. All the exchanges are fully computerized and offer 100% on-line trading. 9,413 companies were available for trading on stock exchanges at the end of March 2000. The trading platform of the stock exchanges was accessible to 9519 members from over 358 cities on the same date. The market capitalization grew ten fold between 1990-91 and 1999-00. It increased by 221% during 1991-92 and by 107% during 1999-00. All india market capitalization is estimated at Rs. 6,319,212 million at the end of March 2003. The market capitalization ratio, which indicates the size of the market, increased sharply to 57.4% in 1991-92 following spurt in shares prices. The ratio further increased to 85% by march 2000. It however, declined to 55% at the end of March 2001 and top 29% by end March 2003. The trading volumes on exchanges have been witnessing growth during the 1990s. the average daily turnover grew from about Rs. 1500 million in 1990 to Rs. 120,000 million in 2000, peaking at over Rs. 200,000 million. One-sided turnover on all stock exchanges exceeded Rs.10,000,000 million during 1998-99 Rs 20,000,000 million during 1999-00 and approached Rs. 30,000,000 million during 2000-01. However, the trading volume substantially depleted to Rs. 9,689,541 million in 2002-03. The turnover ratio, which reflects the volume of trading in relation to the size of the market, has been increasing by leaps and bounds after the advent of screen based trading system by the NSE. The turnover ratio for the year 2002-03 increased to 375 but fell substantially due to bad market conditions to 119 during 2001-02 regaining its position accounted 153.3% in 2002-2003. The relative importance of various stock exchanges in the market has undergone dramatic change during this decade. The increase in turnover took place mostly at the large big exchange and it was partly at the cost of small exchange that failed to keep pace with the changes. NSE is the market leader with more 85% of total turnover ( volume on all segments) in 2002-03. Top five stock exchange for 99.88% of turnover, while the rest 18 exchange for less than 0.12% during 2002-03( table5.4). About ten exchange reported nil turnover during the year. SIBM Page 17
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Chapter:- 2
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Vishesh Capital Pvt. Ltd.Bookings tryst with excellence in customer relations began more than 18 years ago. Vishesh Capital Pvt. Ltd. has emerged as one of the top 3 retail broking houses in India and incorporated in 1994. Today, Vishesh Capital Pvt. Ltd.has emerged as a premium Indian stock-broking and wealth management house, with an absolute focus on retail business and a commitment to provide "Real Value for Money" to all its clients. It has memberships on BSE, NSE and the leading commodity exchanges in India NCDEX & MCX. Vishesh Capital Pvt. Ltd.is also registered as a depository participant with CDSL. Vishesh Capital Pvt. Ltd. Companies Member on the BSE and Depository Participant with CDSL
Vishesh Capita & Debt market Membership on the NSE Cash and Futures & Ltd. Vishesh Capital. Commodities Broking Ltd. Vishesh Capital Securities Ltd. Options Segment
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Incorporated BSE Membership NSE membership Member of NCDEX and MCX Depository Participants with CDSL
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Nation- wide network of 21 regional hubs Presence 124 cities 6800 + sub brokers & business associates 5.9 lakh +clients
V = Visionary E = Excellence
Ethics
. .
Speed
Rationale
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In a shot span of18 years since inception, the Vishesh Capital Pvt. Ltd. has emerged as one of the top five retail stock broking houses in India, having membership of BSE, NSE and the two leading Commodity Exchanges in the country i.e. NCDEX & MCX. Vishesh Capital Pvt. Ltd. is also registered as a Depository Participant with CDSL. The group is promoted by Mr. Rajesh Thanki, who started this business as a sub-broker in 1994 with a team of 3. Today the Vishesh Capital Pvt. Ltd. is managed by a team of 1937 direct employees and has a nation wide network comprising of 21 Regional hubs, 124 branches and 6810 sub brokers & business associates. Vishesh Capital Pvt. Ltd.is 100% focused on retail stock broking business unlike any other larger national broking house. The group currently services more than 5.9 thousand retail clients. Vishesh Capital Pvt. Ltd.habitually generates value added features without the cost burden being passed on to the clients as they strongly believe that better understanding of clients needs and wants is their top priority. Their e-broking facility is one such effort, which gives the client a platform to access state of the art trading facility at the click of a button. Vishesh Capital Pvt. Ltd.has always strived for delivering customer delight and developing strong long term bonds with its clients as well as channel partners. Vishesh Capital Pvt. Ltd.thrives on a vision to introduce new and innovative products and services constantly. Moreover, Vishesh Capital Pvt. Ltd.has been among the pioneers to introduce the latest technological innovations and integrate them efficiently within its business.
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VISION:
To become a top class financial powerhouse by providing excellent financial services and innovative products applying best practices with global standards of technology, expertise, knowledge, solutions and client servicing through a nation-wide network.
MISSION:
To be recognized and respected as the special choice of investors and clients for entire gamut of financial services by helping them realizing their dreams of creating and preserving wealth; as preferred destination of employees for their career development by providing them an environment of professional growth and knowledge management; and as valuable business venture for shareholders by ensuring optimum returns on their investment.
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Regional Office
Regional Office
Regional Office
Business Associates
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2013
Vishesh Capital Pvt. Ltd. offers discretionary PMS to investors in order to assist them in managing their funds amidst continuous changing market dynamics and increasing complexities of investing. Investing in equity market requires in-depth
knowledge and thorough analysis coupled with clear understanding of domestic and international economies. Investors need the services of an expert to manage their funds and deliver good returns in diverse market conditions. Continuous wealth creation with and emphasis on capital preservation is essential in todays complex markets. In order to systematically diversify the holdings of clients across varied sectors and with and intention to give them handsome returns, Vishesh Capital Pvt. Ltd. devised the concept of the Model Portfolio :
Vishesh Capital Pvt. Ltd. came out with its first Model Portfolio in August 2002
Since then it has come out with Model Portfolios which have consistently outperformed the Sensex YOY
In fact the latest model portfolio by Vishesh Capital Pvt. Ltd. has successfully outperformed the Sensex by a whooping 80%
Vishesh Capital Pvt. Ltd.s Portfolio Advisory Team had a successful track record of assisting its clients in managing their portfolios for over 4 years. The Portfolio Management Process starts with understanding each investors risk appetite and return expectations. The Portfolio Management Team not only draws support from Vishesh Capital Pvt. Ltd.s in-house research team for newinvestment ideas but also has its own stocks picking by adopting bottom up research. Salient features of PMS schemes are 100% discretionary , time horizon 12-18 months and Wealth creation at minimum risk. SIBM Page 26
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DEPARTMENT STUDY
PRODUCT & SERVICE DETAILS AND PORTFOLIO
REPORTS: Market Outlook at 9:15 a.m. Technical Report at 6:00 p.m. Derivative Analysis Report at 9:15 a.m.
FUNDAMENTAL RESEARCH SERVICES: The Sunday Weekly Report The Industry Watch Stock Analysis Flash News
TECHNICAL RESEARCH SERVICE: Nifty Tracker Online Chart Intraday Calls Position Calls Derivative Strategies Futures Calls
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MUTUAL FUND DISTRIBUTION AND ADVISORY IPO DISTRIBUTION AND ADVISORY ONLINE TRADING
VISHESH CAPITAL PVT. LTD. DIET VISHESH CAPITAL PVT. LTD. ANYWHERE VISHESH CAPITAL PVT. LTD. TRADE
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Vishesh Capital Pvt. Ltd. offers discretionary PMS to investors in order to assist them in managing their funds amidst continuous changing market dynamics and increasing complexities of investing. Investing in equity market requires in-depth
knowledge and thorough analysis coupled with clear understanding of domestic and international economies. Investors need the services of an expert to manage their funds and deliver good returns in diverse market conditions. Continuous wealth creation with and emphasis on capital preservation is essential in todays complex markets. In order to systematically diversify the holdings of clients across varied sectors and with and intention to give them handsome returns, Vishesh Capital Pvt. Ltd. devised the concept of the Model Portfolio : Vishesh Capital Pvt. Ltd. came out with its first Model Portfolio in August 2002 Since then it has come out with Model Portfolios which have consistently outperformed the Sensex YOY In fact the latest model portfolio by Vishesh Capital Pvt. Ltd. has successfully outperformed the Sensex by a whooping 80% Vishesh Capital Pvt. Ltd.s Portfolio Advisory Team had a successful track record of assisting its clients in managing their portfolios for over 4 years. The Portfolio Management Process starts with understanding each investors risk appetite and return expectations. The Portfolio Management Team not only draws support from Vishesh Capital Pvt. Ltd.s in-house research team for newinvestment ideas but also has its own stocks picking by adopting bottom up research. Salient features of PMS schemes are 100% discretionary , time horizon 12-18 months and Wealth creation at minimum risk. Vishesh Capital Pvt. Ltd. came out with its first Model Portfolio in August 2002
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Since then it has come out with Model Portfolios which have consistently In fact the latest model portfolio by Vishesh Capital Pvt. Ltd. has successfully outperformed the Sensex by a whooping 80%
Vishesh Capital Pvt. Ltd.s Portfolio Advisory Team had a successful track record of assisting its clients in managing their portfolios for over 4 years. The Portfolio Management Process starts with understanding each investors risk appetite and return expectations. The Portfolio Management Team not only draws support from Vishesh Capital Pvt. Ltd.s in-house research team for newinvestment ideas but also has its own stocks picking by adopting bottom up research. Salient features of PMS schemes are 100% discretionary , time horizon 12-18 months and Wealth creation at minimum risk. Vishesh Capital Pvt. Ltd. came out with its first Model Portfolio in August 2002 Since then it has come out with Model Portfolios which have consistently outperformed the Sensex YOY In fact the latest model portfolio by Vishesh Capital Pvt. Ltd. has successfully outperformed the Sensex by a whooping 80%
Vishesh Capital Pvt. Ltd.s Portfolio Advisory Team had a successful track record of assisting its clients in managing their portfolios for over 4 years. The Portfolio Management Process starts with understanding each investors risk appetite and return expectations. The Portfolio Management Team not only draws support from Vishesh Capital Pvt. Ltd.s in-house research team for new investment ideas but also has its own stocks picking by adopting bottom up research. Salient features of PMS schemes are 100% discretionary , time horizon 12-18 months and Wealth creation at minimum risk.
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The main objective of the scheme is wealth generation by delivering superior returns over long term through investments and equity related instruments. Investment Strategy: To generate wealth on consistent basis rather than outperform by taking higher risk. Logic works well and thus will be given weight age along with financials Early identification of stocks to ride through the entire investment cycle Timing of investment is important to generate superior returns Bottom up approach
Parameters Driving Investment Decision: Blend of growth and value stocks Investments in companies regardless of market capitalizations Keen selection of stocks based on potential for value unlocking based on key events Focus on companies which display Scalable business potential Large market opportunity Beneficiary of favorable economic cycle Valuation at steep discount to asset value
Sectoral Composition:
May include under- researched companies Portfolio could invested in liquid funds
Investor Profile: Safety of capital will be of utmost importance The scheme would be suited for investors having medium to long term perspective (i.e. 12-18 months)
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The objective of the scheme is to generate capital appreciations in the medium to long term through investments in equities and equity related instruments comprising predominantly large cap companies. Investment Strategy: The scheme will seek to achieve returns through brand based participants in equity markets by creating a diversified equity portfolio. The portfolio will be overweight on large cap companies. The portfolio strives at all time to achieve an 80% allocation to large cap companies. The allocation of sectors and stocks in the portfolio may be dynamically structured in tune with changes in broader market conditions Overweight on large cap stock. However quality mid cap stocks may also be considered for investment. Portfolio to comprise of a combination of growth & value stocks. The portfolio strives to limit the exposure to any sector to less than 25% of the portfolio size The portfolio strives to limit the exposure to any stock to less than 10% of the portfolio size The allocation and composition of medium capitalized stocks to vary based market conditions
Investor Profile: The scheme would be suited for investors with low to moderate risk appetite The scheme would be suited for investors having medium to long term perspective.
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Understanding risk :At Vishesh Capital Pvt. Ltd., utmost emphasis is given to understanding the risk profile of an investor. Periodic Evaluation :Periodic evaluation of the Model Portfolio is carried out and market movements are cashed upon. Administrative Convenience :Vishesh Capital Pvt. Ltd. focuses on providing hassle free administrative / operational support and customized services. Transparency :Regular statements and updates as well as online access to information required for investment. Regular Analysis and Monitoring: Investments undergo regular monitoring and analysis to check any deviation from the structured goal ensuring creation of wealth over a period of time. Professional Management :PMS is provided to professional management by experts on equity with an aim to optimize returns.
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In a volatile market it is very difficult for an investor to pick up value stocks which will give decent returns in the long run. We at Vishesh Capital Pvt. Ltd. Gold realize your need for a professional financial advisor and hence are here to assist you in making wise and profitable decisions. We strongly believe that right decisions taken at the right time are always beneficial and that's why our entire research team comprising of 12 sector specialists along with our research head will understand your need, return expectation, risk profile and time horizon to design your portfolio accordingly. This portfolio will be tracked regularly and our efforts would be to optimize your returns in the long run.
A premium service for clients who need professional guidance on long term investments. Minimum fund / portfolio of Rs. 1 lac and maximum of Rs. 4 lac eligible for Vishesh Capital Pvt. Ltd. Gold.
Appropriate risk profiling before taking investment decisions Periodic group meetings and seminars in branches. Monthly Newsletter from the desk of Vishesh Capital Pvt. Ltd. Gold . Browser based back-office software.
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Research Objective:1) To know about capital market and investors invest in various scheme Sub Objective:1) The objective is to know that how many people in the city are aware of the scheme in VISHESH CAPITAL PVT. LTD. 2) To get the brief knowledge of trading system in securities. 3) To study investor perception and investment behavior of capital market investors. 4) To identify the problems faced by the investors while on market through brokers.
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Chapter:- 3
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RESEARCH METHODOLOGY
RESEARCH DESIGN : For any researcher the research methodology is the most important criteria to decide before the actual research process starts. There are many methods for conducting the research some of them are as under: The design of a research is a plan or a model that helps researcher to conduct a formal investigation and survey. It is an application of methods and procedures for acquiring the information needs for getting a desire out come. It decides the sources of data and methods for gathering data. A good design insures that the information obtained is relevant to the research question and that it was collected by objectives. Since, research design is simply the frame work or plan for a study. It is a blue print that of a house devised by an architect. My approach to research is descriptive and quite specific. Out of various research methods the research method, which was most suitable to my research, was Exploratory Research because it provides me all the opportunities to cover the all the aspect that I require to conduct the research and get an appropriate out come.
data that is collected from original sources for a specific purpose. Secondary data is data collected from indirect sources. (Source: Research Methodology, By C. R. Kothari)
Primary Sources
These include the survey or questionnaire method as well as the personal interview methods of data collection.
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Secondary Sources
These include books, the internet, company brochures, product brochures, the company website, competitors websites etc, newspaper articles etc. Data collection instrument was structured schedule. Contact methods : Schedule reservation filled with data by
asking questions from respondents. Sampling universe Sample size : : share market investors of Ahmedabad city 100
Scope of the study:The study was conducted at Vishesh Capital Pvt. Ltd. broking ltd, Ahmedabad (Commerce six, Stadium branch). The study was conducted for a period of 15th June to 31 July 2013.
Justification of the project:The company was interested to find out the investor perception and the problems faced by the general investor while dealing with the brokers. The company was also interested to find out the common problems as faced by general investor while in share market and the satisfaction level for the services provided by the brokers to the investor.
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Learning in 45 Days of my executive training with Vishesh Capital Pvt. Ltd. Broking:
Basic practical knowledge about share trading, online and off line both online trading is done by customers direct through their home and offline is done through phone.
Detailed knowledge about various market segments like BSE, NSE, F&O, MCX, and NCDEX.
Get knowledge about the different department at Vishesh Capital Pvt. Ltd. Broking like Risk management, IT, Dealing room, B2B, B2C.
Get knowledge about Demat accounts and then how to convince the customers to open an account.
Get knowledge about cold calling practically. Get knowledge about how to talk to customers to convey them. Knowing my weaknesses that are I could not convey customers due to lacing in conveying power which I have less than required power, Lacking in Practical work.
Know about Branch process and control over branch. Learn about interaction between various departments at branch. Learn about Interaction with high level management. Interactions with company guide many times and learn about new creative thoughts, to control expenses of branch and to know about to know about new plans of my career.
Increase in confidence level. Give respect to your working place and be faithful with your company. Control over your negative thoughts and try to be optimistic. Learn about interaction with typical market i.e. service marketing.
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In the growing competition & availability many options will be able to exist which can cater the market efficiency & effectively, no about this only supplement the quality services and many other factors. With the help of this study the company will be able to identify the loose points, which it should improve upon to deliver the best of service to investors. It will help the company to find out the investment behavior for the investors. The undertaken was part for attainment of this objective for the company in Ahmadabad city.
2) To researcher To bride practical orientation with the theoretical and conceptual it is pertinent for one to enter in the corporate world. By this project the researcher not only fulfilled his requirement of MBA degree programe but also learn a lot in the field of marketing, the researcher has got an opportunity of implementing her theoretical knowledge of management programe in his practical life.
3) To Third Party The manual will serve the purpose of guidance for all those into may have professional or academic interest in the project.
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2) This research is dependent on the information provided by the respondents and sometimes the respondents are very reluctant in providing right informantion and often provide it carelessly and the result drawn out by only this information, so sometimes all efforts might not find direction and results. 3) This conclusion and recommendations made are based on a very less experience of researcher in this field. 4) Time was the biggest constraints as the study was limited for a period of 45 days only as per the curriculum of researcher, which means that any relevant market phenomenon before and after this duration of time might have been skipped in the study. 5) Many respondents did not reply and didnt gave accurate answer.
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Chapter:- 4
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Analysis
Out of total 100 respondents, below 20 years of age were none, 40% of the respondents falls in the age group of 36-50 years where as 20% were in the age group of 51-65 years and next 10% falls in the group of more than 65 years.
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No. of respondents
45 35 20
No. of respondents
40
45
35
Analysis
Out of total respondents, most of respondents were from service class and 45 % were during business and rest of the respondents includes retired person, other people, other professionals students etc.
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No. of Respondents
60.00 50.00 40.00 30.00 20.00 10.00 0.00 Less than 1 lac 1-5 lacs More than 5 lacs 0 25 20.00 No. of Respondents 55
Analysis
Most of the respondents belong to the income group of 1-5 lacs followed by the respondents belong to income group of more than 5 lacs which is 80% of total respondents and rest of Respondents belonging to the income group below 1 lac.
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Options
Yes No
No. of respondents
100 0
No. of respondents
100 100
50 0 0 Yes No
No. of respondents
Analysis
Our project criteria when we are survey 100% are invest in respondents of share market.
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No. of respondents
30 18 52
No of respondents
30 only cash market 52 18 only derivative market Both
Analysis
Out of total 100 respondents 30% respondents were only cash market, 18% were only derivative market and remain both.
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No. of respondents
55 45
No. of respondents
45 55 future in share future in index
Analysis
Out of 100 respondent 55% respondent are in invest in future in share and remain respondent invest in future in share.
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4) Whom do you derivative consult before taking decision about the investment? Option On your own idea Expert opinion Broker Advice Other source No. of respondents 48 22 12 18
No. of respondents
48 50 40 30 20 10 0 On your own Expert opinion Broker advice idea other source 22 12 18 No. of respondents
Analysis
Regarding the decision of amount and investment area, 48 out of 100 takes the idea on their own and 22 on experts opinion, 12 on brokers advice, and 18 on friends advice.
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5) How often do you trade? Option Daily Weekly Monthly No. of respondents 70 18 12
No. of respondents
80 60 40 20 0 daily weekly monthly 18 12 No. of respondents 70
Analysis
Out of 100% respondent 70% are trading daily, 18% are trading weekly and remain are monthly.
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6) Whether the professional advice is available to you? Professional advice Yes No Sometime No. Of Responding 35 10 55
No. of Responding
15 Yes No 35 10 Sometime
Analysis
Out of 100, 35 respondents said that they dont and professional advice, 10 said that they get it sometimes, and 55 of them get advice when needed.
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No. of respondent
14 29
.
29 30 25 20 15 10 5 0 23 14 22 12
Brokerage
Credit limits
Personal Relations
Analysis
Out of 100% respondent 14% are selecting a brokerage factor, 29% are frequent payments & transfer of securities, 23% are less advance margin and 12% are Personal Relations
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8) Are you satisfied pertaining about the Vishesh capital scheme?? Differences
Satisfied Neutral Dissatisfied
No. of respondents
30 15 5
No. of respondents
30 30 25 20 15 10 5 0 Satisfied Neutral Dissatified 5 15 No. of respondents
Analysis
In Vishesh Capital Company 30% respondents are satisfied 15% are neutral and 5% are dissatisfied in company scheme.
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No. of respondents
60 20 20
No. of respondents
20 Turnover/Transaction 20 60 Demat charges Service tax
Analysis
About 60% are aware of brokerage charges, 20% are demitting charges and 20% are aware of service tax.
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No. of respondents
19 22 43 16
No. of respondents
50 45 40 35 30 25 20 15 10 5 0 Up to 5% 5-10% 10-25% More than 25%
No. of respondents
Analysis
When the respondents asked about the proportions of income they invest in shares and securities, it was found that most of the (43%) respondents invest 10-25% of their income, 22% of respondents invest 5-10%, and 19% of them invest up to 5% and rest more than 16%.
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Options
Yes No
No. of respondents
100 0
No. of respondents
100 100
50 0 0 Yes No
No. of respondents
Analysis
We are make in 100% respondents are know about investment scheme because our project criteria in questionnaire fillip only investors investing share market so our result 100%.
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Options
Oyster Blue- chip
No. of respondents
35 15
No. of respondents
35 35 30 25 20 15 10 5 0 oyster blue-chip 15 No. of respondents
Analysis
About 100% respondents our criteria but we are make only Vishesh capital pvt.ltd, 50% respondents are Vishesh Capital Company clients we find 35% respondents are says oyster schemes are the best and 15% respondents are says blue-chip and remain 50% clients are other share market company.
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No. of respondents
30 20
No. of Responding
20 30
oyster blue-chip
Analysis
About 50% respondents are responds to Vishesh Capital Company given a good return in company 30% responds to oyster scheme and 20% respond to blue-chip and remain 50% respond other company scheme.
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14) Which scheme given high risk in the Vishesh capital market? Option
Oyster Blue-Chip
No. of respondents
30 20
No. of respondents
20 30 ouster Blue-Chip
Analysis
About 100% respond are in 50% Vishesh capital company respondents 50% other share market company in respondents in Vishesh capital 30% are respond oyster given high risk and 20% are respond less then blue-chip.
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15) When the respondents were are asked about which type of service they feel about in the Vishesh capital market? Option
Easier than the Former Transparent than the Former Faster than the more Former Accurate than the Former
No. of respondents
13 19 8 10
No. of respondents
The later is more easier than the former The later is more transparent than the former The later is faster easier than the more former The later is more accurate than the former
10 8
13 19
Analysis
In Vishesh capital company About 19% Respondents said that service is more transparent then the former system where as 13% investors feel service is easier understanding the mechanism of trading, 15% Respondents feel the latter is more faster, 10% feel it is more accurate.
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Chapter:5
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Chapter:-6
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Suggestion:
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Chapter:- 7
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Zikmund, William G; Business Research Methodology, Seventh Edition, Thompson South Western Publication
Websites Visited
www.sebi.gov.in www.nseindia.com www.bseindia.com www.visheshcap.com www.moneycontrol.com www.googlefinance.com www.yahoofinance.com
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Chapter:- 8
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Dear sir/madam, I am a student of Shayona Institute of Business Management (SIBM). As a part of our academic requirement we are conducting survey. Name: ___________________________________________________ Phone: ___________________________________________________ Age: ( Job profile: ( ( ( ( ) 20 to 35 ) 51 to 65 ) Govt. Servant ) Businessman ( ( ( ( ) 36 to 50 ) more than 65 ) Salaries ) Professional
) Others, Please Specify: _________________ ( ( ) less than 1 lacks ) More than 5 lacks ( ) 1-5 lacks
Annual Income: -
( ) ( ) ( )
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4) Why do you consult before taking decision about the investment? (A) (B) (C) (D) (E) On your own idea Experts option On friends/ family members advice Brokers advice Other source ( ) ( ) ( ) ( ) ( )
5) How often do you trade? (A) Daily (C) Monthly ( ) (B) Weekly ( ) (D) According to market ( ) ( )
6) Whether the professional advice is available to you? (A) Yes (B) No (C) Sometimes ( ) ( ) ( )
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7) Which factors influence you while selecting a broker? (A) Brokerage (B) Frequent Payment (C) Less advance margin (D) Credit Limits (E) Personal Relations ( ) ( ) ( ) ( ) ( )
8) Are you satisfied pertaining about the Vishesh capital scheme? (A) Satisfied (C) Dissatisfied ( ) (B) Neutral ( ) ( )
9) are you aware of the different charged by your broker? (A) Turnover/Transaction Charges (B) Service Tax (C) Other ( ) ( ) ( )
10) How much share or your income do you invest? (A) Up to 5% (C) 10-25% ( ) ( ) (B) 5-10% (D) More than 25% ( ) ( )
11) Do you know about investment schemes in market? (A) Yes ( ) (B) No ( )
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12) Which is the best scheme in the Vishesh capital market? (A) Oyster ( ) (B) Blue-Chip ( )
13) Which scheme given good return in the Vishesh capital market? (A) Oyster ( ) (B) Blue-Chip
14) Which scheme given high risk in the Vishesh capital market? (A) Oyster ( ) (B) Blue-Chip
15) When the respondents were are asked about which type of service they feel about in the Vishesh capital market? (A) Easier than the former (B) Transparent than the former (C) Faster than the more former (D) Accurate than the former ( ) ( ) ( ) ( )
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