gangesh project

8/9/2019 Gangesh Project

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Summer Internship Project

On

Investment Benefits & Comparative Analysis

of Stock Brokerage Firms with respect to

Religare Securities Ltd.

Submitted to:

1.) Mr. Ashish Deodia2.) Mr. Rakesh Raghuwanshi3.) Prof. Lakhan Choudhary

By:

GangeshMayank

MBA (Sem- 11)Kothari B-School

(2009-2011)


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DECLARATION

I, GANGESH MAYANK, student of MBA from KOTHARI BUSINESS

SCHOOL hereby declare that I have completed this project on "Religare

Securities A batter way to invest. The information submitted is true

and original to the best of knowledge.

DATE - GANGESH MAYANK


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AACCKKNNOOWWLLEEDDGGEEMMEENNTT

TThhee mmoosstt pplleeaassaanntt ppaarrtt ooffaannyy pprroojjeecctt iiss ttoo eexxpprreessss ggrraattiittuuddee aanndd bbeessttooww

hhoonnoorr ttoowwaarrddss aallll tthhoossee wwhhoo ddiirreeccttllyy oorr iinnddiirreeccttllyy ccoonnttrriibbuutteedd ttoo tthhee ssmmooootthh

ffllooww ooff tthhee pprroojjeecctt wwoorrkkaanndd tthhiiss bbeeiinngg tthhee ggoooodd ooppppoorrttuunniittyy;; II ddoonntt wwaanntt ttoo

mmiissss iitt..

SSiinncceerree aacckknnoowwlleeddggeemmeenntt iiss dduuee ffoorreemmoosstt ttoo MMRR.. RAKESH

RAGHUWANSHI - TEAM LEADER (RREELLIIGGAARREE SSEECCUURRIITTIIEESS LLTTDD,,

IINNDDOORREE))..WWhhoo eennddoowweedd mmee wwiitthh tthhee vvaalluuaabbllee ooppppoorrttuunniittyy ttoo eexxpplloorree ssoo

iinntteerreessttiinngg ttooppiicc aass iiss tthhee ssuubbjjeecctt oofftthhee pprreesseenntt rreeppoorrtt..

II aallssoo wwiisshh ttoo eexxpprreessss ssiinncceerree ggrraattiittuuddee ttoo aallll tthhee rreessppoonnddeennttss ooff tthhee

pprroojjeecctt wwiitthhoouutt tthhee kkiinndd ooff ccoo--ooppeerraattiioonn ooff wwhhoomm tthhiiss wwoorrkk wwoouulldd nnoott hhaavvee

bbeeeenn ppoossssiibbllee..


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GGAANNGGEESSHH MMAAYYAANNKK

CONTENTS

CHAPTER-I INTRODUCTION

CHAPTER-II COMPANY PROFILE

CHAPTER-III OBJECTIVE OF THE STUDY

CHAPTER-IV RESEARCH METHODOLOGY

CHAPTER-V COMPARISION TABLE


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CHAPTER-VII CONCLUSION & SUGGESTION

BIBLIOGRAPHY

ANNEXURE

INTRODUCTION

Savings form an important part of the economy of

any nation. With the savings invested in various options

available to the people, the money acts as the driver forgrowth of the country.

Investment benefits both economy and the society.

Aggregate investment in the current period helps in the


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determination of aggregate demand & level of

employment. The process of investing helps to create

financial markets where companies can raise capital. This

too, contributes to greater economic growth and

prosperity.

INVESTMENTS

The meaning of investment is to commit money in

order to earn a financial return or to make use of the

money for future benefits or advantages. In finance, the

purchase of a financial product or other item of value with


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an expectation of favorable future returns. In general

terms, investment means the use money in the hope of

making more money. For example, if you invest Rs.

10000 today and earn 10 % over the next year, you will

have Rs.11000 one year from today.

Why should one invest?

One needs to invest to:

y earn return on your idle resources

y generate a specified sum of money for a specific goal

in lifeymake a provision for an uncertain future

ymeet the cost ofInflation

Choosing the Right Investment Options

Investment comes with the risk of the loss of the

principal sum. The investment that has not been


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thoroughly analyzed can be highly risky with respect to

the investment owner because the possibility of losing

money is not within the owner's control. Thus it is very

important to choose the right investment option for a

concern.

The investors would like to know how to go

about the task of investment, how much to invest at any

moment and when to buy or sell the securities, This

depends on investment process as investment policy,

investment analysis, valuation of securities, portfolio

construction and portfolio evaluation and revision. Every

investor tries to derive maximum economic advantage

from his investment activity.

For evaluating an investment avenues are based upon the

rate of return, risk and uncertainty, capital appreciation,

marketability, tax advantage and convenience of

investment. In most cases, the right investment is a

balance of three things: Liquidity, Safety and Return.


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Investment Options in India

Source-Delhi Business ReviewX Vol. 8, No. 1 (January - June 2007)


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Fixed Deposits

There are also referred to as term deposits and minimum

investment period for bank FDs is 30 days. Fixed

Deposits with banks are for investors with low risk

appetite, and may be considered for 6-12 monthsinvestment period as normally interest on less than 6

months bank FDs is likely to be lower than money market

fund returns.

Government Bonds


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The Central and State Governments raise money from the

market through a variety of Small Saving Schemes like

national saving certificates, Kisan Vikas Patra, Post

Office Deposits, Provident Funds, etc. These schemes are

risk free as the government does not default in payments.

But the interest rates offered by them are in the range of

7% - 9%.

MUTUAL FUNDS

A mutual fund is a professionally managed type of

collective investment scheme that pools money from

many investors and invests typically in investment

securities (stocks, bonds, short-term money market

instruments, other mutual funds, other securities, and/or

commodities such as precious metals). The mutual fundwill have a fund manager that trades (buys and sells) the

fund's investments in accordance with the fund's

investment objective.There is a collection of investors in


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Mutual funds that have professional fund managers that

invest in the stock market collectively on behalf of

investors. Mutual funds offer a better route to investing in

equities for lay investors.

STOCK EXCHANGE

A stock exchange is an entity which provides

"trading" facilities for stock brokers and traders, to tradestocks and other securities. Stock exchanges also provide

facilities for the issue and redemption of securities as well

as other financial instruments and capital events including

the payment of income and dividends. The securities

traded on a stock exchange include shares issued by

companies, unit trusts, derivatives, pooled investment

products and bonds. For the stock of a company to be

traded at these exchanges, it must be listed, and to be

listed, the company must satisfy certain requirements.Tobe able to trade a security on a certain stock exchange, it


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has to be listed there. Usually there is a central location at

least for recordkeeping, but trade is less and less linked to

such a physical place, as modern markets are electronic

networks, which gives them advantages of speed and costof transactions.

IMPORTANCE OF STOCK EXCHANGE

Stock exchange is an important part of theeconomy of a country. The stock exchange plays a play a

pivotal role in the growth of the industry and commerce

of the country that eventually affects the economy of the

country to a great extent. That is reason that the

government, industry and even the central banks of the

country keep a close watch on the happenings of the stock

market. The stock market is important from both theindustrys point of view as well as the investors point of

view.

Stock exchanges have multiple roles in the

economy. This may include the following:

Raising capital for businessesMobilizing savings for investment


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Creating investment opportunities for

small investorsGovernment capital-raising fordevelopment projects


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OTHER SECURITIES

Stock exchanges deals in all forms of

securities. A security is a fungible, negotiable instrument

representing financial value. Securities are broadly

categorized into debt securities (such as banknotes, bonds

and debentures) and equity securities, e.g., common

stocks; and derivative contracts, such as forwards, futures,

options and swaps.

BONDS

In finance, a bond is a debt security, in which the

authorized issuer owes the holders a debt and,

depending on the terms of the bond, is obliged to pay

interest (the coupon) and/or to repay the principal at a

later date, termed maturity. A bond is a formal

contract to repay borrowed money with interest at

fixed intervals


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FUTURE CONTRACT

A futures contract is a standardized contract between

two parties to buy or sell a specified asset of

standardized quantity and quality at a specified future

date at a price agreed today (the futures price). The

contracts are traded on a futures exchange. Futures

contracts are not "direct" securities like stocks,

bonds, rights or warrants. They are still securities,

however, though they are a type of derivative

contract. The party agreeing to buy the underlying

asset in the future assumes a long position, and the

party agreeing to sell the asset in the future assumes ashort position.


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OPTIONS

O ptions are a type of financial instrument classed as

derivatives, as they 'derive' their value from an underlying

asset. An option gives its holder the right, but not theobligation, to buy (call option) or to sell (put option) some

underlying asset on or before the options expiration date

at an agreed on price (the strike price).

In return for granting the option, the originator of the

option collects a payment (the premium) from the buyer.

Granting the option is also referred to as "writing" theoption. An option can be sold by its original buyer to

another party.

There are two basic types of options, call options and put

options.

1.Call option: A call option gives the holder the right butnot the obligation to buy an asset by a certain date for acertain price.

2.Put option: A put option gives the holder the right butnot the obligation to sell an asset by a certain date for a

certain price.


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SECURITIES AND EXCHANGE BOARD OF INDIA

(SEBI)

SEBI is the regulator for the securities market in India. It

was formed officially by the Government of India in 1992

with SEBI Act 1992 being passed by the Indian

Parliament. Chaired by C B Bhave, SEBI is headquartered

in the popular business district of Bandra-Kurla complex

inMumbai (shown in above picture).

Functions and responsibilities -

SEBI has to be responsive to the needs of three groups,

which constitute the market:

y the issuers of securities

y the investorsy the market intermediaries.


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The major functions of SEBI are as follows:

y Protecting the interests of investors in securities

y Promoting the development of the securities market

yRegulating the business in stock exchanges and any

other securities markets

yRegistering and regulating the working of stock

brokers, subbrokers etc.

y Promoting and regulating self-regulatory organizations

y Prohibiting fraudulent and unfair trade practices

yCalling for information from, undertaking inspection,

conducting inquiries and audits of the stock exchanges,

intermediaries, self - regulatory organizations, mutual

funds and other persons associated with the securitiesmarket.


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NATIONAL STOCK EXCHANGE OF INDIA LTD

The National Stock Exchange of India

Limited was promoted by leading Financial Institutions

at the behest of the Government of India and was

incorporated in November 1992 as a tax-paying companyunlike other stock exchanges in the country. Since its

inception in 1992, National Stock Exchange of India has

been at the vanguard of change in the Indian securities

market. This period has seen remarkable changes in

markets, from how capital is raised and traded, to how

transactions are cleared and settled. Average daily trading

volumes have jumped from Rs. 17 crore in 1994-95 whenNSE started its CashMarket segment to Rs.11,325 crore

in 2008-09. Similarly, market capitalization of listed

Indian firms went up from Rs.363,350 crore at the end of

March 1995 to Rs.2,896,194 crore at end March 2009.

NSE is the largest stock exchange of thecountry. It has a market share of nearly 70% in equity

trading and 98% in futures and options trading in India.

Globally, NSE ranks among the top three stock exchanges

in terms of number of contracts traded in single stock


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futures, index futures and stock options. It is among the

top four of the stock exchanges around the world in terms

of number of transactions and are also ranked among the

top ten largest derivatives exchanges of the world.

Our Group

NSCCL

IISL DotEx Intl. Ltd.

NSE.IT NCCL


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BOMBAY STOCK EXCHANGE (BSE)

Bombay Stock Exchange is the oldest stock

exchange in Asia What is now popularly known as theBSE was established as "The Native Share & Stock

Brokers' Association" in 1875.

Over the past 135 years, BSE has facilitated the growth of

the Indian corporate sector by providing it with an

efficient capital raising platform.

Today, BSE is the world's number 1 exchange in the

world in terms of the number of listed companies (over

4900). It is the world's 5th most active in terms of number

of transactions handled through its electronic trading

system. And it is in the top ten of global exchanges in

terms of the market capitalization of its listed companies(as of December 31, 2009). The companies listed on BSE

command a total market capitalization of USD Trillion

1.28 as of Feb, 2010.


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BSE is the first exchange in India and the second in the

world to obtain an ISO 9001:2000 certifications. It is also

the first Exchange in the country and second in the world

to receive Information Security Management SystemStandard.

Awards

yThe World Council of Corporate Governance has

awarded the Golden Peacock Global CSR Award for

BSE's initiatives in Corporate Social Responsibility

(CSR).

yThe Annual Reports and Accounts of BSE for the

year ended March 31, 2006 and March 31 2007 have

been awarded the ICAI awards for excellence in

financial reporting.

yThe Human Resource Management at BSE has won

the Asia - Pacific HRM awards for its efforts in

employer branding through talent management at

work, health management at work and excellence inHR through technology.


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DEPOSITORY

A depository is like a bank wherein the deposits are

securities (viz. shares, debentures, bonds, governmentsecurities, units etc.) in electronic form.

The term depository refers to a bank or company

which holds funds or securities deposited by others, and

where exchanges of these securities take place.

NSDL & CDSL

In India there are two depositories working currently

which are

yNATIO NAL SECURITIES DEPOSITORIES

LIMITED (NSDL)

yCENTRAL DEPOSITORIES SERVICES LIMITED(CDSL)

The first depository in India was NSDL which was

established in November 1996. This depository promoted

by institutions of national stature responsible for

economic development of the country has since

established a national infrastructure of international


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standards that handles most of the securities held and

settled in dematerialized form in the Indian capital

market. NSDL works to support the investors and brokers

in the capital market of the country. NSDL aims atensuring the safety and soundness of Indian marketplaces

by developing settlement solutions that increase

efficiency, minimize risk and reduce costs.

Benefits of Depository System

In the depository system, the ownership andtransfer of securities takes place by means of electronic

book entries. At the outset, this system rids the capital

market of the dangers related to handling of paper. NSDL

provides numerous direct and indirect benefits like:

y

Elimination of bad deliveriesIn the depository environment, once holdings of an

investor are dematerialised, the question of bad

delivery does not arise i.e. they cannot be held "under

objection". In the physical environment, buyer was

required to take the risk of transfer and face

uncertainty of the quality of assets purchased. In adepository environment good money certainly begets

good quality of assets.


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y Elimination of all risks associated with physical

certificates-

Dealing in physical securities have associated securityrisks of theft of stocks, mutilation of certificates, loss of

certificates during movements through and from the

registrars, thus exposing the investor to the cost of

obtaining duplicate certificates etc. This problem does not

arise in the depository environment.

y No stamp duty

For transfer of any kind of securities in the

depository. This waiver extends to equity shares, debt

instruments and units of mutual funds.

y Immediate transfer and registration of securities

In the depository environment, once the securities

are credited to the investors account on pay out, he

becomes the legal owner of the securities. There is no

further need to send it to the company's registrar for

registration. Having purchased securities in the

physical environment, the investor has to send it to

the company's registrar so that the change of

ownership can be registered. This process usually


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takes around three to four months and is rarely

completed within the statutory framework of two

months thus exposing the investor to opportunity cost

of delay in transfer and to risk of loss in transit. Toovercome this, the normally accepted practice is to

hold the securities in street names i.e. not to register

the change of ownership. However, if the investors

miss a book closure the securities are not good for

delivery and the investor would also stand to loose

his corporate entitlements.

y Faster settlement cycle

The settlement cycle follow rolling settlement on

T+2 basis i.e. the settlement of trades will be on the

2nd working day from the trade day. This will enable

faster turnover of stock and more liquidity with the

investor.

y Faster disbursement of non cash corporate

benefits like rights, bonus, etc.

NSDL provides for direct credit of non cash

corporate entitlements to an investors account,

thereby ensuring faster disbursement and avoiding

risk of loss of certificates in transit.

y Reduction in brokerage by many brokers for

trading in dematerialised securities


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Brokers provide this benefit to investors as dealing

in dematerialised securities reduces their back office

cost of handling paper and also eliminates the risk of

being the introducing broker.

y Reduction in handling of huge volumes of paper

periodic status reports

To investors on their holdings and transactions,

leading to better controls.

y Elimination of problems related to change ofaddress of investor

In case of change of address, investors are saved

from undergoing the entire change procedure with

each company or registrar. Investors have to only

inform their DP with all relevant documents and the

required changes are effected in the database of allthe companies, where the investor is a registered

holder of securities.

y Elimination of problems related to transmission of

demat shares

In case of dematerialised holdings, the process oftransmission is more convenient as the transmission

formalities for all securities held in a demat account

can be completed by submitting documents to the DP

whereas, in case of physical securities the surviving


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joint holder(s)/legal heirs/nominee has to correspond

independently with each company in which shares

are held.

y Elimination of problems related to selling

securities on behalf of a minor

A natural guardian is not required to take court

approval for selling demat securities on behalf of a

minor.

y Ease in portfolio monitoring

Since statement of account gives a consolidated

position of investments in all instruments.

Safety

There are various checks and measures in the depository

system to ensure safety of the investor holdings. These

include:

y A DP can be operational only after registration by

SEBI, which is based on the recommendation from

NSDL and their own independent evaluation. SEBIhas prescribed criteria for becoming a DP in the

regulations.


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y DPs are allowed to effect any debit and credit to an

account only on the basis of valid instruction from

the client.

y Every day, there is a system driven mandatoryreconciliation between DP and NSDL.

y All transactions are recorded at NSDL Central

System and in the databases maintained by business

partners.

y There are periodic inspections into the activities of

both DP and R&T agent by NSDL. This also includes

records based on which the debit/credit are effected.

y All investors have a right to receive their statement of

accounts periodically from the DP.

y Every month NSDL forwards statement of account to

a random sample of investors as a counter check.

y In the depository, the depository holds the investor

accounts on trust. Therefore, if the DP goes bankruptthe creditors of the DP will have no access to the

holdings in the name of the clients of the DP. These

investors can transfer their holdings to an account

held with another DP.

y The data interchange between NSDL and its business

partners is protected by protection measures of

international standards such as encryption hardwarelock. The protection measures adopted by NSDL are

more than what is prescribed in the SEBI

Regulations.


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y Investor grievance: All grievances of the investors

are to be resolved by the concerned business partner.

If they fail to do so, the investor has the right to

approach NSDL at the following address:

Officer-In-Charge

Investor Relationship Cell

NSDL

4th

floor, A Wing, Trade World

KamalaMills Compound

Senapati BapatMargLower ParelMumbai- 400013

email: [email protected]

The investor relationship cell of NSDL would work

towards resolution of the grievance.

y Insurance Cover: NSDL has taken a comprehensive

insurance policy to help DP to indemnifyinginvestors for the loss accrued to them due to errors,

omissions, commission or negligence of DP.

y Computer and communication infrastructure:

NSDL and its business partners use hardware,

software and communication systems, which

conform to industry standards. Further, the systems

are accepted by NSDL only after a rigorous testingprocedure. NSDL's central system comprises an IBM

mainframe system with a back-up facility and a

remote disaster back-up site.


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y Machine level back-up: The IBM mainframe in

which the data is processed has adequate redundancy

built into its configuration. There is a standby central

processing unit (CPU) to which processing can beswitched over to in case of main system CPU failure.

The disk has RAID implementation, which ensures

that a failure of hard disk will not lead to loss in data.

System has spare disk configuration where data is

automatically copied from the main disk upon

encountering the first failure (due to RAID

implementation - first failure does not result in loss of

data).

All network components like router, communication

controllers etc., have on-line redundancy and thus a

failure does not result in loss of transaction.

Disaster back up site: A disaster back up site

equipped with a computer identical to the mainframe

computer & computing resources has been set up at a

distant location about 175 km away from Mumbai.

The depository operations are often switched

between the computing resources atMumbai office

and disaster back up site to ensure that the disastersite is always operational.


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Back-up in case of power failure: Continuity in

power supply to the main systems is assured by

providing for;

Dual uninterrupted power supply (UPS) for

IBM-Mainframe and related components

wherein the two UPSs are connected in

tandem. In case of failure of primary UPS,

the secondary UPS takes over

instantaneously and thus, there is no

interruption in operation, and

Back-up diesel generator sets.

Periodic Review: The NSDL hardware, software and

communication systems are continuously reviewed in

order to make them more secure and adequate for the sizeof business. These reviews are a part of an ongoing

exercise wherein security considerations are given as

much importance as operational efficiency.


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CENTRAL DEPOSITORY SERVICES LIMITED

(CDSL)

CDSL was promoted by Bombay Stock Exchange

Limited (BSE) jointly with leading banks such as State

Bank of India, Bank of India, Bank of Baroda, HDFC

Bank, Standard Chartered Bank, Union Bank of India and

Centurion Bank. CDSL was set up with the objective of

providing convenient, dependable and secure depository

services at affordable cost to all market participants.

Benefits ofCDSL

Convenience:

Wide DP Network: CDSL has a wide network of DPs,

operating from over 6000 sites, across the country,offering convenience for an investor to select a DP based

on his location.


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On-line DP Services: The DPs are directly connected to

CDSL thereby providing on-line and efficient depository

service to investors.

Wide Spectrum of Securities Available for Demat:The

equity shares of almost all A, B1 & B2 group companies

are available for dematerialisation on CDSL, consisting of

Public (listed & unlisted) Limited and Private Limited

companies. These securities include equities, bonds, unitsof mutual funds, Govt. securities, Commercial papers,

Certificate of deposits; etc. Thus, an investor can hold

almost all his securities in one account with CDSL. A BO

can also hold warehouse receipts pertaining to

commodities, in a demat account. However, a separate

account should be opened for holding warehouse receipts.

Competitive Fees Structure: CDSL has kept its tariffs

very competitive to provide affordable depository services

to investors.

Internet Access:A DP, which registers itself with CDSL

for Internet access, can in turn provide demat account

holders with access to their account on the Internet.


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Dependability:

On-line Information to Users: CDSL's system is built on a

centralised database architecture and thus enables DPs toprovide on-line depository services with the latest status

of the investor's account.

Convenient to DPs: The entire database of investors is

stored centrally at CDSL. If there is any system-related

issues at DPs end, the investor is not affected, as the

entire data is available at CDSL.

Contingency Arrangements: CDSL has made provisions

for contingency terminals, which enables a DP to update

transactions, in case of any system related problems at theDP's office.

Meeting User's Requirements: Continuous updation of

procedures and processes in tune with evolving market

practices is another hallmark of CDSL's services

Audit and Inspection: CDSL conducts regular audit of its

DPs to ensure compliance of operational and regulatory

requirements.


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Dormant AccountMonitoring: CDSL has in place a

mechanism for monitoring dormant accounts.

Helpdesk:: DPs and investors can obtain clarifications and

guidance from CDSL's prompt and courteous helpline

facility.

Security:

Computer Systems: All data held at CDSL and is

automatically mirrored at the Disaster Recovery site and

is also backed up and stored in fireproof cabinets at the

main and disaster recovery site.

Unique BO Account Number:: Every BO in CDSL is

allotted a unique account number, which prevents any

erroneous entry or transfer of securities. If the transferor's

account number is wrongly entered, the transaction will

not go through the CDSL system, unless corrected.

Data Security: All data and communications between

CDSL and its users is encrypted to ensure its security and

integrity.


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Claims on DP: If any DP of CDSL goes into liquidation,

the creditors of the DP will have no access to the holdingsof the BO.

Insurance Cover: CDSL has an insurance cover in the

unlikely event of loss to a BO due to the negligence of

CDSL or its DPs.


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COMPANY PROFILE

INTRODUCTION

Religare Enterprises Limited (REL) is a global

financial services group with a presence across Asia,

Africa, Middle East, Europe and the Americas. In India,

RELs largest market, the group offers a wide array of products and services ranging from insurance, asset

management, broking and lending solutions to investment

banking and wealth management. The group has also

pioneered the concept of investments in alternative asset

classes such as arts and films .With 10,000 plus

employees across multiple geographies, REL serves overa million clients, including corporates and institutions,

high net worth families and individuals, and retail

investors.


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Religare Securities Limited (RSL), a 100%

subsidiary of Religare Enterprises Limited is a leadingequity and securities firm in India. The company currently

handles sizeable volumes traded on NSE and in the realm

of online trading and investments; it currently holds a

reasonable share of the market. The major activities and

offerings of the company today are Equity Broking,

Depository Participant Services, Institutional Broking

andResearch Services. To broaden the gamut of servicesoffered to its investors, the company offers an online

investment portal armed with a host of revolutionary

features.

y RSL is a member of the National Stock Exchange of

India, Bombay Stock Exchange of India, Depository

Participant with National Securities DepositoryLimited and Central Depository Services (I) Limited.

y Religare has been constantly innovating in terms of

product and services and to offer such incisive

services to specific user segments it has also started

the NRI, FII, HNI and Corporate Servicing groups.

These groups take all the portfolio investment

decisions depending upon a client's risk / return

parameter.

y Religare has a very credible Research and Analysis

division, which not only caters to the need of our


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Institutional clientele, but also gives their valuable

inputs to investment dealers.

OUR BRAND IDENTITY

Name

Religare is a Latin word that translates as 'to bind

together'. This name has been chosen to reflect the

integrated nature of the financial services the company

offers.

Symbol

The Religare name is paired with the symbol of a four-

leaf clover. Traditionally, it is considered good fortune to

find a four-leaf clover as there is only one four-leaf clover

for every 10,000 three-leaf clovers found.


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For us, each leaf of the clover has a special meaning. It is

a symbol of Hope. Trust. Care. Good Fortune.

For the world, it is the symbol of Religare.

The first leaf of the clover represents Hope. The

aspirations to succeed. The dream of becoming. Of

new possibilities. It is the beginning of every step

and the foundation on which a person reaches for the

stars.

The second leaf of the clover represents Trust. The

ability to place ones own faith in another. To have a

relationship as partners in a team. To accomplish a

given goal with the balance that brings satisfaction to

all, not in the binding, but in the bond that is built.

The third leaf of the clover represents Care. The

secret ingredient that is the cement in every

relationship. The truth of feeling that underlines

sincerity and the triumph of diligence in every

aspect. From it springs true warmth of service andthe ability to adapt to evolving environments with

consideration to all.


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The fourth and final leaf of the clover represents

Good Fortune. Signifying that rare ability to meld

opportunity and planning with circumstance togenerate those often looked for remunerative

moments of success.

Hope. Trust. Care. Good Fortune. All elements

perfectly combine in the emblematic and rare, four-

leaf clover to visually symbolize the values that bindtogether and form the core of the Religare vision.


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VisionandMission

To build Religare as a globally trusted brand in the

financial services domain and present it as the

Investment Gateway of India

Providing financial care driven by the

core values of diligence and transparency

Religare is driven by ethical and dynamic

processes for wealth creation


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SERVICES OFFERED BY RELIGARE SECURITIES

Religare securities limited (RSL) is one of

the leading stock market company in India. Religarealso has one of the largest retail networks, with its

presence in more than 1,837* locations across more than

498* cities and towns. This means, you can walk into any

of these branches and connect to our highly skilled and

dedicated relationship managers to get the best services.

The Religare Edge

y Pan India footprint

y Powerful research and analytics supported by a pool

of highly skilled research analysts

y Ethical business practices

y Offline/

Online delivery models

y Single window for all investment needs through your

unique CRN

Religare Securities limited (RSL) provides a wide

range of services to its customers. Some of the important

services are as follows:


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DEMAT

ACCOUNT

EQUITY &

DERIVATIVES

DEPOSITORY

PARTICIPANTS

PORTFOLIOMANAGEMENT


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COMMODITY

TRADING

CALL N -

TRADE

ONLINE

TRADING


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F & o calculator YES yes

Interest to clients YES yes

Call-n-tradeservice

YES yes

Access a/c on

internet & phone

YES yes

Account

activation charges

Rs. 499 Rs. 999

Margin required 5000 10000

Market watch 4 marketwatch of 20

scripts each

Multiple

watch list

(unlimited)


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Unique features:

1. Trade rewards

Trade Rewards* is a unique offering from

Religare that gives you dual benefit of a hassle free

investment experience on the net as well as an

opportunity to earn while you invest with us. So earn

reward points each time you trade in equities andcommodities or invest in your favorite IPOs and mutual

funds online with us through our highly sophisticated and

customized trading platform R-ACE (Religare Advanced

Client Engine)


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2. Interest on cash margin

Even while you are waiting to make your next

trade or online investment, your unutilized cash does notlie idle with us. You earn interest on your unutilized cash

margin.

3. 360* investmentportal

Invest online in Equities, Commodities, Currency,

IPO and Mutual Funds in a single platform and maintain

all your financial records at one place. Now, you can also


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file your tax and book air tickets, make hotel reservations

and buy attractive holiday packages, all online. So get

empowered, enrich your experience of investing online

and open yourself to a whole new world of possibilities

for Religare Online will become Your World Online,

beyond investments!

4. Advanced Trading Platform

The special trading platforms of Religare

Securities like RACE LITE & RACE PRO are designedto be user friendly so that anyone can use these products

through internet anywhere in India. These platforms

allows even a non-tech savvy customer to trade hassle

free anytime from anywhere through the internet with the

help of page guides.


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BANKING PARTNERS

yCITIBANK

yHDFCBANK

yICICIBANK

yAXISBANK

yCORPORATION BANK

yINDUSLNDBANK


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BROKERAGE PLANS

Name of

plan

General Trump

plus

Trump

super

Trump

star

Advancebrokerage

Nil 2500 15000 50000

Validity lifetime 12

month

12

month

12

month

Brokerage

(delivery)

0.5 paisa 0.25

paisa

0.15

paisa

0.10

paisa

Brokerage

(intraday)

0.05

paisa

0.025

paisa

0.015

paisa

0.010

paisa

Brokerage

(future &

option)

0.05

paisa

0.025

paisa

0.015

paisa

0.010

paisa

Service

taxon

brokera

ge

10.3 % 10.3 % 10.3 % 10.3 %


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OBJECTIVE OF THE STUDY

yPrimary objective

1. To understand the various beneficial servicesprovided by RELIGARE SECURITIES LIMITED.

ySecondary objective

2. To understand share broking industry in India

3. To gain the knowledge about the needs of theinvestors.


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RESEARCH METHODOLOGY

A Research design is purely and simply the

framework of plan for a study that guides the collection

and analysis of data. The study is intended to find the

investors preference towards various investment

avenues. The study design is descriptive in nature.

It is the simplest type of research and is more

specific. Mainly designed to gather descriptive

information and provides information for formulating

more sophisticated studies.


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Comparison table

Sharekhan

ICICIDirec

t

Religare Indiabulls

A/C

opening

750 750 500 1200

Minimum

balance

2500 -

5000

5000 5000 5000(non

refundable)

Max No.

of bank

a/c linked

8 1 5 5

Brokerage

(delivery)

0. 5 0.75 0.5 0.3

Brokerage(intraday)

0.05 0.075 0.05 0.03

Brokerage

(F & O)

0.05 NA 0.05 0.03

CALL-N-

TRADE

charges

Nil (only

local)

Rs.

25/ca

ll

nil NA

Internet

trading

Yes Yes Yes Yes

Pre market

report

No Yes Yes No


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NRI

Service

NO NO Yes Yes

Demat

openingcharges

Nil Nil Nil Nil

Annual

maintenan

ce charges

300 500 250 nil

Exposure

on margin

4 times 3-4

times

4 times 4 times

Sms

service

Yes Yes Yes No

Trading

software

(live)

Yes No Yes Yes

Availabilit

y

All over

india

250+

cities

All over india 124+

citiesBank tie

ups

CITI bank,

IDBI,

ICICI

AXIS

bank,

HDFC

bank,INDUSLN

D bank,

YES bank

ICICI

bank

CITI bank,

ICICI bank,

HDFC bank,

AXIS bank,

INDUSLND

bank,

CORPORATION bank, YES

bank

ICICI

bank,

AXIS

bank,

ING

VYSYA

bank,HDFC

bank


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CONCLUSION

At present, investment decisions play an

important role for future perspectives. Investing in stock

markets is a major challenge ever for professionals. After

analysis, I come to conclusion that RELIGARE

SECURITIES LIMITED (RSL) would be a better choice

for investment purpose. According to

SELECTYOURBROKER.COM, it is a 5 star company

with highest customer satisfaction level. It provides a

variety of services like Demat facility, Stock broking,

Equity trading, Mutual funds, IPOs, Advisory,

Commodity, Insurance, Derivatives; under one roof. For

the ones who are looking to invest their precious money,

RSL is a efficient & beneficial tool.


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RECOMMENDATIONS AND SUGGESTIONS

yThe brokerage of Religare Securities Limited are

high as compare to competitors.

y Due to lack of publicity, people are not familiar

about RSL.

yThe infrastructure of the company should be well

developed.

ySome big decisions must be taken by the RSL for the

advertisement & publicity purpose.

yRSL is a well known company in South India but

there is a lot of scope inMiddle India also.


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BIBLIOGRAPHY

1.www.religareomline.com

2.www.religare.in

3.www.chittorgarh.com/newportal/online-stock-

brokers-detail.asp

4.www.nse-india.com/

5.www.bseindia.com/

6.http://www.stockedge.com/

7.www.Selectyourbroker.com


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ANNEXURE

QUESTIONNAIRE

NAME :

1.Age

(a) 20-30 [ ] (b) 31-40 [ ] (c)41-50 [ ] (d) 51 & above [ ]

2.Gender

(a) Male [ ] (b) Female [ ]

3.Educational qualification

(a) High School [ ] (b) Graduate [ ] (c) Post

Graduate [ ] (d) Professional [ ] (e)

Others [ ]


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4. Annual income

(a) Below 1, 00,000 [ ] (b) 1, 00,000-5,

00,000 [ ]

(c) 5, 00,000-10, 00,000 [ ] (d) Above

10, 00,000 [ ]

5. Do you invest your money to grow

a. yes

b.No

6. Which factor do you consider most important while

choosing an investment option?

(a) How quickly will I be able to increase wealth?

(b) The opportunity for steady growth

(c) The amount of monthly income the investment

will generate


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(d) The safety of investment principal

7. Where do you invest ?

a.Mutual Funds

b. Shares

c. CommodityMarket

d. Fixed Deposits

e. Bonds

f. Property

g. Others

8.How did you know about RELIGARE

SECURITIES.

a.Friends

b.Advertisement

c.Newspapers

gangesh project

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