INTERNSHIP TRAINING REPORT AT KARVY

STOCK BROKING LIMITED, KARUR

Submitted in partial fulfillment for the award of the Degree

Of

MASTER OF BUSINESS ADMINISTRATION

by

KIRUBAKARAN K
Reg. No. 721517631011

NEHRU INSTITUTE OF INFORMATION TECHNOLOGY

AND MANAGEMENT
NEHRU GARDENS, T.M PALAYAM P.O
COIMBATORE – 641 105

ANNA UNIVERSITY: CHENNAI 600 025

October 2018
 ANNA UNIVERSITY: CHENNAI 600 025

BONAFIDE CERTIFICATE

Certified that this Internship Training Report in “KARVY STOCK

BROKING LIMITED” is the bonafide work of KIRUBAKARAN K, who
carried out the report work under our supervisions.

SUPERVISOR HEAD OF THE DEPARTMENT

Mr.V. SATHYAMOORTHY Dr. K.RAVI KUMAR

Assistant Professor Professor
Department of Management Studies Department of Management Studies
Nehru Institute of IT & Management Nehru Institute of IT & Management
Nehru Gardens, Coimbatore -105 Nehru Gardens, Coimbatore -105

Submitted for the Project Viva-Voce examination held on ___________

------------------------ ------------------------
Internal Examiner External Examiner
 DECLARATION

I, affirm that the Internship Training report in “KARVY STOCK

BROKING LIMITED”, being submitted in partial fulfillment for the award of
Master of Business Administration is the original work carried out by me, which has
not formed the part of any other internship work submitted for the award of any
degree or diploma, either in this or any other University.

Kirubakaran k
Register No:721517631011

I certify that the declaration made above by the candidate is true.

Signature of the Guide

Company certificate attachment
 ACKNOWLEDGEMENT

First of all I thank “GOD ALMIGHTY” forever abiding kind blessings

I take this opportunity to express thanks and gratitude to one and all that rendered necessary
help to me in finalizing this Internship training report.

I express my whole hearted gratitude to CEO & Secretary of Nehru Group of Institutions
Dr.P.Krishnakumar, for giving me an opportunity to do this work successfully.

I am greatly indebted to Dr. R. Moses Daniel, Principal and Dr. K.Ravi Kumar, HOD,
Nehru Institute of IT and Management, Coimbatore for giving me an opportunity to undertake this
internship training report, which forms part of the curriculum.

I express my deep sense of gratitude and indebtedness to my project faculty guide Mr.
V.SATHYAMOORTHY, Assistant Professor, Department of Management Studies, Nehru
Institute of IT and Management, for his guidance and help at each and every step throughout this
internship training report.

I feel extremely lucky to have been given opportunity to study in such

an organization like KARVY STOCK BROKING LIMITED, KARUR.
I would like to express my sincere gratitude to company guide Mr.K.Senthil mariyappan,
Personal and Administration Manager, Karvy stock broking ltd.,Karur and other employees of
Karvy stock broking ltd.,Karur who has been given real help during the entire course of my study
and I am highly obliged to all for the valuable suggestions, appraisals and guidance.

Now I take my time to thank all the Faculty members of Department of Management Studies
for their support and encouragement to complete this internship training report.

I truly admire my parents and friends for their constant encouragement and enduring support,
which was inevitable for the success of my ventures.

Kirubakaran k
 TABLE OF CONTENTS
Executive Summary vi
Chapter
Title Page No.
No.

1 Introduction

2 Company and Industry Profile

3 Organization Chart and Departments

4 SWOT Analysis

Conclusion
5.1 Observations
5
5.2 Professional Skills Acquired
5.3 Summary

Bibiliography
INTRODUCTION
Karvy is a financial services company headquartered in
Hyderabad, India.[1] Karvy Group is one of the leading financial services
conglomerate. Headquartered in Hyderabad, it offers a range of financial services
including stock broking, distribution of financial products, depository participant,
commodities broking, wealth management, and more. It is ranked among the top
five in the country across its business segments. Other than India, it also has a
presence in Bahrain, Dubai, Malaysia, Philippines and the United States

Karvy Stock Broking Limited provides stock broking and research advisory
services in India. The company offers portfolio analysis, depository participant,
and financial planning and management services for individuals and institutional
clients. It also provides a monthly magazine, Finapolis, which provides up-dated
market information on market trends, investment options, and opinions. The
company was founded in 1990 and is based in Hyderabad, India. Karvy Stock
Broking Limited operates as a subsidiary of Karvy Consultants Limited.
HISTORY
Karvy was established in the year 1983 [1] and is now headed by Mr. C Parthasarathy as
Chairman.[2][3] The group has more than 30,000 employees, spanning 900 offices in about 400
cities and towns. In the mid-1990s, Karvy forayed into stockbroking and advisory businesses.[4][5]
Later, in the early 2000s, Karvy Corporate ventured into commodity trading. With the
introduction of currency trading, Karvy corporate is also in the business of Forex trading. In
September 2008, the group launched an online trading and investment portal offering an
extensive range of financial products and solutions across different classes.

Karvy Group services over 70 million investors and offers various investor services to more than
600 corporate houses, including the best of Corporate India. Being one of the leading financial
service providers, Karvy Group provides various financial services including corporate finance,
insurance broking, investment banking, NBFC (loans to individuals, micro and small
businesses), among others.

In its bid to tap the ever growing online buying segment, Karvy Group has recently forayed into
eCommerce enabler business. The initiative named as Karvyclick.com[6] will aid small and
medium enterprises to go online for selling their products in various eCommerce platforms.

After foraying into eCommerce enabler business in 2017, Karvy Group plans to generate Rs 100
crore[7] of revenue in next two years. It will also raise its headcount as the company plans to
expand its footprints in more cities in coming years.

Karvy Data Management Services, a subsidiary of Karvy Group, has acquired the call centre
business of Media Matrix Worldwide[8] Ltd for Rs 30 crore last year.

Karvy Private Wealth, the wealth management arm of Karvy Group, comes out with a report
named ‘India Wealth Report’ every year. The report depicts the savings and investment patterns
of Indian investors and provides possible future patterns. According to the recent wealth report
of the company, financial assets are attracting more household savings in India compared to
physical assets.

Domestic demand will be the key growth driver for Indian economy,[9] Chief Executive Officer
of Karvy Private Wealth, Abhijit Bhave said. Equity as an asset class will outperform all other
asset classes in the next 3 to 5 years and retail investors are better off investing in equities
through mutual fund route, he said. For tax savings purposes, Equity Linked Savings Scheme
(ELSS) should be looked with a medium to long-term outlook, Bhave said
Our mission
To be the leading and preferred service provider to our customers,
and we aim to achieve this leadership position by building an innovative, enterprising, and
technology driven organization which will set the highest standards of service and business
ethics.

Our Vision
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.

Objectives
To compare the service of KARVY STOCK BROKING Ltd. With
their competitors.To find out potential customers with KARVY STOCK BROKING Ltd.

departments
1. Advisory and Dealing

2. Sales and Marketing

3. Client Registration Department

4. F & A

5. Pan

6. Mutual Funds
1. Advisory and Dealing
Advisory desk also know as dealing desk. The primary objective of the desk is calling and
updating clients regarding their existing port folio and provide new recommendation or advice
on stocks to buy. There are function many team and each team lead by a team leader. The core
target of the team is generate the revenue from active/non active/never trader or dormant clients.

The team also recommends TPP products to the clients such as mutual funds, bonds, insurance,
etc..,

Team will update the calls to their mapped clients. Either clients can approach their advisors by
Dial / Toll free 18004198283. The call will be directly root to primary advisor of the client.

Other than that client can also access these own online platform such as Web, Desktop, Mobile
app for placing buying or selling orders.

The client can contact branch or client can be directed to the branch for buying and selling
shares.

2. Sales and Marketing

They procure the core products and TPP products such as Demat account, Mutual Funds,
Insurance, Bonds etc..,

Sales executive are also called as financial advisers at all Karvy branches. Their KRA(Key
Result Area) are Achieving 8 NCA(New Client Aquistition) targets with margin of above Rs
20,000 Or freedom margin of Rs.1,999/Rs.2,999, MF(SIP) equal amount of 1000 per application
and minimum of 10 application per month.

3. Client Registration
Client can be registered using pan card, check leaf(signed and cancelled), Adhar number. Demat
account will be activated using this procurement. That account can be used to buy and sell
shares.

i) ORM

Online Registration System. In this registration system personal details and bank
account details will be updated. Pan card number and Adhar number will be registered to the
demat account.OTP will be sent to the Adhar registered mobile number. Scanned copy Pan Card,
Adhar card, cheque leaf, will be attached to the Demat account. User name and password can be
set when all the documents can be updated.
ii) SKYC

In this registration system application forms can be manually filled

by the person. Photo copy, adhar number, Pan card number can also be attached to the form.All
the personal details, bank account details will be filled. And photo copy of all the proof must be
submitted. Original cheque leaf will also be submitted.

iii) REKYC

The Demat account can be dormant if it has not been used for a period of one year.
ReKYC can be done to that in active account to reactivate it. For the reactivation process Pan
card, adhar card, cheque leaf can be given to reactivate the demat account.

4. Financial Accounting
The department calculate and work on working capital and listing the requirement of
office such as stationeries, computer peripherals etc.., Based on that finance department will do
the funding to the branch.

5. Pan
In this department Adhar card (photo copy) ,2 Photo, Signature, can be attached as proof.
And it can be uploaded in online through the online form registration system. Pan card will be
sent by courier to the address in the adhar address proof.

6. Mutual Funds
n Mutual fund the investment can be in lump amount or as monthly paying premium. For
investing in mutual fund the person can be having basic address proof like adhar card, photo, pan
card,(KYC method) etc.., Investment can be in regular or personal basis under specific
mutual fund Scheme. On Regular basis it can be done by a broker and brokerage can given to the
broker.
Employee Details
KSBL (Karvy Stock Broking Limited ) 4 MEMBERS

KDMSL (Karvy Data Management Service Limited) 3 MEMBERS

KCPL (Karvy Computer Share Private Limited) 1 MEMBERS

Product/Service Details
Demat,

Trading Account,

Pan

Mutual fund,

Bond,

Insurance,etc
Organisational Chart
CEO/Director(S17)
Vice President(S16)
General Manager(S16)
Deputy General Manager(S14)
Assistant General Manager(S13)
Senior Manager(S12)
Manager(S11, S10)
Deputy Manager(S9, S8)
Assistant Manager(S7)
Executive(S6)
Officer(S8)
IRO(SA)
Management Trainee(S0)
Staff level(S1 to S5)
Competitors
Few Major competitors are:

1. India bulls

2. Motilal oswal securities

3. Religare

4. SSKI Ltd. (Sharekhan)

5. Bonanza securities

6. Kotak Securities

7. CIL Securities

8. Eastern Financiers

9. Unicon investment solutions

10.India infoline

11.Reliance Money

12.Shriram Insight

Innovative Marketing and Advertisement Strategies

A. Market Positioning:
Market positioning statements of Karvy are “At Karvy we give you single window service”
and “We also ensure your comfort”.

So, Karvy focus on the customers who prefer almost all investment activities at same place
by providing number of various financial services. At Karvy a person can purchase or sell
shares, debentures etc. And help the person at same place like mutual fund, insurance, fixed
deposit, and Bonds etc. and help the person in designing his port folio. By this way Karvy
provides comfort to its customers.

Karvy is also positioned according to ries and Trout.Karvy is promoted as a no. 1 investment
product distributor and R & Tagent of India
 Karvy uses demographic segmentation strategy and segment people based on their
occupation. Karvy uses selective specialisation strategy for market targeting. Target person
for the Karvy Stock Broking and Karvy investment service are persons who can work as sub
broker for the companies. Companies focus on advisors of insurance and post office, Tax
consultants and CAs for making sub-broker.

B. Marketing channel System:

Karvy uses one level marketing channel for investment product distribution. Sub-Brokers
work as intermediary between customer and company. Company has both forward and
backward flow of activity through channel. Company distributes, stationary, brokerage and
information forward to its sub-broker. The sub-brokers send forms, queries, amount of
investment etc.. back to the company.

C. Training Channel Members:

Karvy provides training to the sub-brokers because they will be viewed as the company by
the investors. The executives of Karvy explain various new schemes of investment to the
sub-brokers with its objective, risk factors and expected return. Company also periodically
arrange seminar to guide sub-brokers.

D. Advertising and Promotions:

The objective of advertising of Karvy is to create awareness about services of Karvy among
investors nd sub-brokers and increase sub-brokers of Karvy.

Company doesn’t give advertisement in media like TV, Newspaper, and Magazines etc.
Karvy’s advertisement is made indirectly by the companies associate with it. Karvy is R &T
agent of around 700 companies. They publish name, address and logo of Karvy on their
annual report.

Target market and Customers

Customers who are investing on bank deposits (6%) can be upgraded and can invest on mutual
funds (15%) and can get more profits. Customers will get more profit on investing mutual funds.
The company target is to attract customers who are investing on bank deposits.
HR Polices and Recruitment Procedures
1.Recruitment and Selection Policy:
The upper level members like zonal managers, regions managers, branch managers and senior
executives are recruited by publishing recruitment advertisement in leading national level
newspaper. The qualified applicant are then called for interview and selected.

The regional manager has authority to select lower level employee like peon, marketing,
executives, accountant etc. By approval of zonal manager.

2.Training and Development:

Continuous training and upgrading technical, behavioural and managerial skills is a way of life
in Karvy. Karvy encourages employees to hone their skills regularly to enable them to face the
challenges of the changing requirements of customers that fit market up and down.

Training Needs analysis is done on a regular basis and systematic methodologies are ensured that
skills and capabilities of all employees are constantly upgraded to enable them to perform in the
challenging work environment.

New employee has given training under experienced employee. The new Employee work under
experience employee and observe his all activities. When company employs new technology or
there is any change in the working of company the training program is arranged.

3.Employee Motivation:
Karvy’s employees are highly empowered. They don’t have to report an person of the same
branch but they report under level branch .E.e. Marketing executive of Jamnagar branch directly
reports senior Marketing executive of Baroda zonal office. If particular branch earn certain
profit then Karvy gives them special incentives.

Appraisal Procedures
Every end of the financial year all the conformed employees are taking into the appraisal
procedures. Purely appraisal is given basis of actual achievement of KRA(Key Result Area) of
individual employee and rating system. The rating can be done by three levels they are:

1.Supervisor

2.Reviewer

3.HR
Machinery and Equipments
Tablet & Laptop for all financial advisers

Desktop/PCs for Branch operators/Terminal operators

Achievements
Awards and Recognitions
Chairman of the diversified financial services group- Karvy, C Parthasarathy has bagged the
‘Entrepreneur of the Year’ award from the Telangana government for 2017. The award was
given for his contribution to IT sector in the state apart from employment generation.

2016

 Karvy Comtrade Limited received “Market Excellence Award, Commodities - Metal”

at the Zee Market Excellence Awards 2016.
 The SKOCH – BSE Order of Merit award and the SKOCH – BSE Aspiring Nation
award for KSBL’s efforts to educate, empower and help create an enlightened corps of
financial market investors

2014

KSBL won the "NSDL Star Performer Award 2014 for Highest Asset Value" the third time
consecutively.

Social Responsibilities
Corporate Social Responsibility

1. PREAMBLE
Section 135 of Companies Act, 2013 mandates every company having a net worth of Rs. 500
Crore or more or revenue of Rs. 1,000 Crore or more or net profit of Rs. 5 Crore or more shall
constitute a Corporate Social Responsibility (CSR) Committee and the CSR Committee is
responsible for formulating Company’s CSR policy and monitoring the CSR programs and their
performance.

It is the Company's philosophy, firm belief and intent to effectively implement CSR and make a
positive difference to society. It recognizes that it cannot do it all; so that if there are choices to
be made, bias will be towards doing fewer projects with better outcomes and good impact and
will focus initiatives on communities in which the Company lives, operates and particularly
forming community whose development is the basic mission of the Company.

2. CSR POLICY

This Policy shall be read in line with Section 135 of the Companies Act 2013, Companies
(Corporate Social Responsibility Policy) Rules, 2014 and such other rules, regulations, circulars,
and notifications (collectively referred hereinafter as 'Regulations') as may be applicable and as
amended from time to time.

Karvy Computershare Private Limited (KCPL or ‘the Company’) believes that the actions of the
organization and its community are highly inter-dependent. Both on its own and as part of Karvy
Group, through constant and collaborative interactions with our external stakeholders, KCPL
strives to become an asset in the communities where it operates. As our Corporate Social
Responsibility (CSR) we actively implement projects and initiatives for the betterment of
society, communities, and the environment.

3. SCOPE AND APPLICABILITY

This policy shall be applicable to all CSR initiatives and activities undertaken by KCPL either
directly or through corporate foundations/trusts/other charitable organizations for the benefit of
different segments of the society.

4. OBJECTIVE OF CSR POLICY

The objective of this policy is to continuously and consistently:

 To recognize and frame the segments the Company shall chase towards achieving its
CSR objectives.
 To formulate the modus operandi of the CSR activities and implementation of the
processes.
 Initiate projects that benefit communities.
 Encourage an increased commitment from employees towards CSR activities and
volunteering.
 Generate goodwill in the communities where KCPL operates or are likely to operate
5. Resources

Board of Directors
Corporate Social Responsibility Committee
CSR Council

The Corporate Social Responsibility Committee (‘CSR Committee’ Board level) is responsible
to formulate and recommend to the Board the CSR Policy indicating the activities falling within
the purview of Schedule VII to the Companies Act, 2013, to be undertaken by the Company, to
recommend the amount to be spent on CSR activities presented by the CSR Council and to
monitor the CSR Policy periodically. The CSR Council will be supported by the CSR Secretariat
at Head Office made up of cross-functional team, for implementation of the approved projects.

CSR Committee:
The CSR Committee of the Board of Directors comprises of the following Members:

1. Mr. M. Yugandhar
2. Mr. C. Parthasarathy
3. Mr. James Wong
4. Mr. Chandra Balaraman

The following members are represented on the CSR Council:

1. Chief Executive Officer

2. Chief Financial Officer or Head of Finance & Accounts
3. Head of HR

6. RESPONSIBILITIES OF THE COMMITTEE

The responsibilities of the CSR committee include --

i. Formulating and recommending to the Board of Directors the CSR policy and
indicating the activities to be carried out
ii. Recommending the amount of CSR expenditure to be spent in the year
iii. Monitoring CSR activities periodically

7. MEETING OF THE COMMITTEE

The Committee shall hold meeting as and when required, to discuss various issues on the
implementation of the CSR Policy of the Company. The members would thrive to hold at least
two meetings in a financial year.
8. BUDGET AND ALLOCATION

For achieving the CSR objectives through implementation of meaningful and sustainable CSR
Projects, the CSR Committee will allocate for its Annual CSR Budget, 2% or more of the
average net profits of the Company made during the three immediately preceding financial years,
calculated in accordance with the relevant provisions of the Companies Act, 2013 read with the
Companies (Corporate Social Responsibility Policy) Rules, 2014.

The Company may also make contributions to Corporate Foundations / Registered Trusts / other
charitable organizations (NGO’s) towards its corpus for projects approved by the Board. The
CSR Committee will approve the CSR budget annually on receiving the recommendations from
CSR Council.

The Company may build CSR through Institutions with established track records of at least 3
financial years.

9. VOLUNTEERING OF EMPLOYEES FROM THE ORGANIZATION

The Company will encourage and recognize its employees for volunteering with the spirit of
serving and sharing with the community.

The Company shall endeavour to increase employee participation at all levels in the
Organization, by encouraging employees to participate in the Company’s CSR activities.

10. FOCUS AREAS/GOALS

S. No. Goal area Actions

1 Eradicating Hunger Poverty, Karvy will work with various Non-profit

Mal nutrition organization, NGO, Registered societies that
pledge to feed poor people.

2 Healthcare Karvy will work with organizations working in

providing medical or health related projects such
as day care centres, Health and Sanitation
Development programs, medical camps

3 Development of art and culture Karvy will work with organizations working in
Protection of national heritage, art and culture
including restoration of buildings and sites of
historical importance and works of art; setting up
 public libraries; promotion and development of
traditional arts and handicrafts

4 Promotion of Sports Conducting projects / programs promoting various

sports activities

5 Contribution/Financial Contribution to Prime Minister’s National Relief

Assistance Fund or any other fund set up by the Central
Government for socio- economic development and
relief and welfare of the Scheduled Castes, the
Scheduled Tribes, other backward classes,
minorities and women;

6 Underprivileged Children  Support NGOs for Underprivileged Child

Education Education · Scholarships for Children to admit
them in good schools Children selected at the
age of 10 years All expenses to be paid by the
foundation
 Tie-up with larger charity foundations(Harvard
Business School Education) If in day school,
support children with post school activities and
coaching
 Hand hold children till they are 18 years· This
can also be done through setting up a
foundation and doing this ourselves.
 Karvy Employees can also engage in helping
children in activities, counseling and coaching

7 Promoting, Employment  Contribute to work force productivity through

enhancing Vocational Skills academic, training and extension programs
 Support job placement and career progression
 Imparting vocational skills to impoverished and
unemployed youth
11. IMPLEMENTATION

 The CSR Committee shall provide guidance on the allocation of the CSR budget
among the thrust areas on an annual basis.
 CSR Projects will be undertaken based on the recommendation of the CSR
Committee to the best possible extent, within the defined Thrust Areas.
 KCPL’s support to any project will depend on the scale of the project and feasibility
of the project. The CSR Council has a formal process of evaluating and approving
CSR Projects.
 The CSR Council will evaluate the project progress and impact quarterly.

12. MONITORING PROCESS OF CSR ACTIVITIES

 The CSR Committee shall provide guidance on the allocation of the CSR budget
among the thrust areas on an annual basis.
 To ensure effective implementation of the CSR activity at each location, a
monitoring mechanism will be put in place by the CSR Council.
 Annual CSR Calendar activities will be cleared/ signed off by CSR Council.
 Any other donations will be cleared/ signed off by any one of the Managing
Directors.
 Regional CSR Secretariat and Zonal CSR Secretariat will submit project requests to
HO CSR Secretariat and further necessary route will be followed.
 The CSR Committee will monitor and review on a periodical basis the progress of
CSR activities undertaken/ completed.
 All the CSR initiatives of the Company shall be reported in Directors’ Report of the
Company.
 In order to ensure transparency and communication with all stakeholders, the CSR
Council and Secretariats will document the details of the Company’s CSR initiatives
and CSR expenditure and ensure that the same are available in the public domain
i.e. the Annual Report and Website of the Company.
13. CRITERIA FOR IDENTIFYING CSR PROJECTS

While identifying the projects all efforts must be made to the extent possible to define the
following:

a. Project objectives.
b. Baseline survey – It would give the basis on which the outcome of the Project would
be measured.
c. Annual CSR Calendar activities will be cleared/ signed off by CSR Council.
d. Implementation schedules- Timelines for milestones of the Project will need to be
prescribed.
e. Responsibilities and authorities.
f. Major results expected and measurable outcome.

14. CRITERIA FOR IDENTIFYING THIRD PARTY CSR

ORGANIZATIONS
We may also undertake CSR projects through identified external agencies such as corporate
foundations/Registered trusts/other charitable organizations (NGOs) who would execute the said
Project on our behalf. In case of Project execution by them the following minimum criteria need
to be ensured:

 The NGO / Agency has a permanent office in India;

 The NGO is a registered society under Societies’ Registration Act / Public Trust Act/
not-for profit company under Section 8 of the Companies Act, 2013 (erstwhile
Section 25 of the Companies Act, 1956);
 Possesses a valid Income-tax Exemption Certificate;
 The NGO has submitted a detailed project proposal and budget which has been
approved by the CSR Council.

The Company may also collaborate with other companies to undertake CSR Projects or Programs, provided the CSR
Committees of the respective companies are in a position to report separately on such projects or programs.
Observations and Conclusion
While doing my summer internship program I came to a conclusion that this training has helped
me much in getting the through knowledge about some of the stock broking companies, how
these companies against each other for getting the more market share, how

they are applying different marketing strategies to attract customers and making them satisfied.

I came to know about the demat account, its benefits, how does it provides services the
customers of which I was totally ignorant when I started my project.

I gathered much more knowledge about Karvy Stock Broking Ltd. Its strategies, and how every
employees of it work hard to achieve the organisational goal I.e. achieve the maximum market
share through customer satisfaction.

One thing that I noticed during my field work that many people of INDORE not much more
awarded about the various financial products and services of Karvy which had to be there. They
are ignorant about demat account and lack of knowledge and information about it scared them of
investing money in share market. So to generate awareness among them advertising campaign
can result in fruitful results. Only a limited percentage of people are enjoying investing money in
share market in INDORE.

Lastly and not the least as a coin has two sides, Karvy has favourable and unfavourable aspect is
that it provides lot of benefits to its customers which some of its competitors fail to provide and
again less awareness about it among people is its negative side which hinders them to invest their
fund confidently.