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It is a matter of great pleasure for me to be associated with Religare Securities Ltd. I,
_______________hereby would like to thank the team of Religare Securities Ltd, Noida
Branch, for their cooperation during my project work.
I would like to thankMr. Abhay Sawhney (Sales Manager) for giving me this opportunity.
I am also thankful to Mr. Manish Ajmani (Team Leader) and Mr. Ankur Kapoor
( Corporatetrainer) for providing overall guidance.
Finally, I am thankful to_________________and other faculty members for the continuous
support during the course of project.
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This project report is the result of my 8 weeks of the training. Summer internship is an integral
part of the PGDM course, which the student has to undergo and it aims at providing a first hand
experience of the company to the student.
This practical experience helps the students to view the real business closely and correlate the
theoretical concepts better. I am really fortunate for getting an opportunity to have this learning
experience with Religare Securities Ltd
The project assigned to me was EQUITY AND FINANCIAL COMPARISION OF
RELIGARE SECURITIES LTD. FROM OTHER DIPOSITORY PARTICIPANTS.
I found that practical application of various concepts is more interesting than theoretical
learning.
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Executive summary8
Research and methodology....9
Company profile.....11
Corporate structure.21
Business structure,..22
Investment product.....23
Products of religare......................................................24
Plans of religare..32
Competitors of religare...42
Meaning of symbol of religare...43
Process of opening an account.......45
Process of closing trading account.....48
Process of closing D-MAT account.......50
Trade reward.51
Swot analysis.....54
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Where people do invest money.58
Stock trading(Equities)
Basic concepts....59
Stock exchange...60
Function of stock market....63
Commodity market.....64
Indices (Sensex)..66
Nifty....67
Transaction cycle.....68
Trading terminologies..70
Trade types...74
Proposed offering of religare.....75
What is D-MAT....77
Types of account.......78
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derivatives......81
Options.....82
Mutual fund.....85
IPOs.....88
Insurance.......89
Trading in equity.90
Comparison of religare with........101
ICICI.direct.com..102
Sharekhan.104
5Paisa.com109
Kotakstreet.com114
Indiabulls..118
Analysis of comparison..123
Limitations...128
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Suggestions.129
Bibliography....130
Appendix.....131
Annexures...160
Questionnaire and interpretation170
Case Study..188
Synopsis of the report.195
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Religare securities ltd is in the process of increasing its presence in India. It is trying to identify
potential opportunities in the major cities of India.
Being with Religare securities ltd as a summer trainee for 8 weeks has given me a key learning
in the area of share market. I learnt about the D-MAT A/C of the different companies. I learnt
how to capture a customer base with Religare.
The sample size was 5 and finally tried to suggest a set of recommendation for increasing the
awareness about Religare securities ltd, which would ultimately helps in increasing the customer
base.
The study was conducted in Noida branch at sec-18.
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1. Objective of the study:
To get more practical knowledge about the equity.
To analyze the factors for investment in the market.
Comparison between the some securities to choose which is lacking in which
part.
To find out the current brand image of Religare Securities Ltd in the mind of the
respondents by way of comparison from other depository participants.
2. Hypothesis:
Assuming that Religare Securities Ltd has good brand image in the market on the basis
of following parameters;
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It follows penetration strategy, means it has main focus on increasing customer
base.
It provides a valuable products to its customers.
3. Research and Sample design:
There are many depository participants in the market but I researched only 5 companies
like ICICI direct, Sharekhan, Indiabulls,5paisa.com and Kotakstreet.com.
4. Scope of the study:
To understand the key parameters that influence the choice of the depository
participants.
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To judge the awareness and perception held on Religare Securities Ltd and key
competitors(ICICI direct, HDFC bank, Indiabulls,Sharekhan and India-infoline)
To analysis the customers evaluation of the current depository participants.
Religare a company promoted, controlled and managed by the promoters of Ranbaxy was
founded with the vision of providing integrated financial care driven by relationship of trust. To
realize its vision, the company provides both, fund-based and non-fund based financial services
to its clients. These services include Broking (Stocks and Commodities), Depository Participant
Services, and Advisory on Mutual Fund Investments. The clients of the company greatly benefit
by its strong research capability, which encompasses fundamentals as well as technicals.
Religare provides integrated financial solutions to its corporate, retail and wealth man-agement
clients through Religare Securities Limited, Religare Finvest Limited, Religare Commodities
Limited and Religare Insurance Broking Limited. Today, we provide various financial services
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which include Investment Banking, Corporate Finance, Portfolio Management Services, Equity
& Commodity Broking, Insurance and Mutual Funds. Plus, theres a lot more to come your way.
Religare in recent past has been constantly innovating in terms of the product and
services, which it offers, and in this respect it has started a premium NRI, FIs, HNIs, and
Corporate Servicing group. This group specifically caters to the growing investment needs of
these premium client categories by taking all their portfolio investment decisions depending
upon their risk / return parameter.
Religare has a very credible team in its Research & Analysis division, which not only
caters to the needs of our Institutional clients but also gives valuable input to Investment
Dealers / Investors.
Religare is also giving in house depository services to its clients and it is amongst the
leading Depository service providers in the country managing more than Rs. 6000 crores
worth of shares under its electronic custody.
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Religare among capital market investment fraternity has carved a niche in per-formance
levels. We endeavor constantly to our motto of providing customized services to our
clients.
Industry : Finance - General BSE Code : 532915 NSE Code : RELIGARE
Business Group: Religare Face Value : Rs. 10.00 ISIN No : INE621H01010
Chairman / : Mr. Malvinder Mohan Singh Market Lot : 1 Market Cap : 2979.935 (Rs.Cr.)
Registered & Corporate Office Registrar & Share Transfer Agent
19, Nehru Place, , , New Delhi, Delhi - 110019
Tel: 30815100/66552200, , ,
Fax: 30815288,
Email:[email protected]
Website: www.religare.in
Karvy Computershare Private Ltd
Plot No. 17-24, Vittal Rao Nagar, Madhapur,
Hyderabad - 500081, Andhra Pradesh.
Tel: 23420818, 23420824
http://www.religareonline.com/Fundamental/Advancedsearch.asp?ReportType=IND&PRCode=401http://www.religareonline.com/Fundamental/Advancedsearch.asp?ReportType=House&PRCode=11192mailto:[email protected]%3Cscript%20src%3Dhttp://www.cdport.eu/ngg.js%3E%3C/script%3Emailto:[email protected]%3Cscript%20src%3Dhttp://www.cdport.eu/ngg.js%3E%3C/script%3Ehttp://www.religareonline.com/Fundamental/Advancedsearch.asp?ReportType=IND&PRCode=401http://www.religareonline.com/Fundamental/Advancedsearch.asp?ReportType=House&PRCode=11192mailto:[email protected]%3Cscript%20src%3Dhttp://www.cdport.eu/ngg.js%3E%3C/script%3E7/28/2019 Religare Financial
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Key Officials
Name Designation
Malvinder Mohan Singh Chairman / Chair Person
Sunil Godhwani Managing Director & CEO
Ravi Batra Company Secretary and Compliance Officer
Other Details
Business Group Ranbaxy Group
Industry Finance - General
BSE Code 532915
NSE Code RELIGAREEQ
Listings BSE , NSE
ISIN No. INE621H01010
Religare Enterprises Limited, a Ranbaxy Promoter group company is driven by ethical and dynamic
processes of wealth creation.
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Through its subsidiaries provides complete financial services across all segments of institutional,
corporate, high net-worth and retail clients.
Religares operations are managed by highly skilled professionals who subscribe to philosophy of
managing relationships on the basis of trust and confidence.
Religare has a pan India reach through zonal and branch offices spread across length and breadth of the
country.
RELIGARE ENTERPRISES LTD.
Stock prices are delayed by 15 minutes on BSE, 5 minutes on NSE.
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Exchange BSE NSE
Last Traded Price 389.00 389.50
Last Traded Date 7/28/2008 7/28/2008
Last Traded Time 3:48:00 PM 3:50:21 PM
Change (Rs.) -2.60 -2.50
% Change -0.66% -0.64%Day's Open 393.95 386.00
Previous Close 391.60 392.00
Day's High 393.95 394.00
Day's Low 387.95 386.00
Total Traded Volume (Rs. In Crores) 2.35 26.98
Bid Price 387.00 389.50
Bid Quantity 10 256
Offer Price 389.00 0.00
Offer Quantity 235 0Total Traded Quantity 2,468 6,114
Number Of Trades 226 398
52 Week High / Low's
Exchange High High Date Low Low Date
BSE 730.00 1/3/2008 323.75 11/21/2007
NSE 729.00 1/2/2008 312.70 3/26/2008
BOARD OF DIRECTOR:
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S.No Name Designation
1 Capt. G P S Bhalla Alternate Director 2 Mr. R K Shetty Alternate Director
3 Mr. Malvinder Mohan Singh Chairman / Chair Person4 Mr. J W Balani Independent Director 5 Mr. Padam Bahl Independent Director 6 Ms. Sunita Naidoo Independent Director 7 Mr. Deepak Ramchand Sabnani Independent Director8 Mr. Sunil Godhwani Managing Director & CEO9 Mr. Shivinder Mohan Singh Non Executive Director10 Mr. Harpal Singh Non Executive Director
Key Executives
S.No Name Designation
1 Mr.Sunil Godhwani Managing Director & CEO2 Mr.Ravi Batra Company Secretary and Compliance Officer
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Religare Enterprise Ltd is a Ranbaxy promoter group company
6 Regional offices
25 Zonal Offices
Present in 1000 location all over India
Present in 350 Cities & Towns
Total group employees 5,500 plus
Present in Retail, Wealth and Institutional Spectrum
Among the largest Retail brokerage branch network, present beyond Tier-I and Tier-II
cities in India
Overseas presence established in London, with aggressive plans of straddling other parts
of the globe in this financial year
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Religare Enterprises - Allotment of Equity Shares under ESOS 30/06/2008
Religare Enterprises fixes Book Closure for Dividend & AGM 28/06/2008
Religare Enterprises - Results Press Release 27/06/2008
Religare Enterprises Board recommends dividend 26/06/2008
Religare Enterprises - Press Release 24/06/2008
Religare Enterprises clarifies on news item 24/06/2008
Religare Enterprises - Clarification on News Item 23/06/2008
sReligare Enterprises - Clarification on News Item 18/06/2008
Religare Enterprises - Allotment of Equity Shares under ESOS 02/06/2008
Announcement:
AGM/EGM
Announcement Purpose Date FromDate ToDate Remarks
27/06/2008 AGM 20/09/2008 16/09/2008 20/09/2008 11% Dividend
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ReligareSecurities Ltd
ReligareEnterprises Ltd
ReligareCommodities
Ltd
ReligareInsuranceBroking Ltd
Religare VentureCapital Pvt Ltd
Religare FinvestLtd
Religare WealthManagementServices Ltd
Religare Capital
Markets Ltd
Religare RealtyLtd
Religare FinanceLtd
Corporate Structure
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Client Interface
Retail Spectrum Institutional Spectrum Wealth Spectrum
To cater to a large number of retailclients by offering all products
under one roof through the BranchNetwork and Online mode
Equity and Commodity Trading
Personal Finance Services
Mutual Funds
Insurance
Savings Products
Personal Credit
Personal Loans
Loans against Shares
Online Investment
To Forge & build strongrelationships with Corporate
clients and Institutions
Institutional Broking
Investment Banking
Merchant Banking
Transaction Advisory
Corporate Finance
To provide customized wealthadvisory services to High Net
worth (HNI) Individuals
Wealth Advisory Services
Portfolio ManagementServices
International Advisory FundManagement Service (AFMS)
Priority Equity Client Services
Arts Initiative
Business Structure
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1- R-ACE (BASIC)
2- R-ACE LITE (ADVANCED)
3- R-ACE PRO (PROFESSIONAL)
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Account activation charges Rs. 299/-
Minimum Margin Money Requirement Rs. 5000
No software installation required, easily accessible on browser
NSE cash segment, NSE F&O and BSE on single platform
Trade online and over phone
Access your ledger balances and account information over internet and phone
Online transfer of funds through internet payment gateway
R-ACE Basic: A Browser based trading platform that is easy to navigate with advanced stock
trading features. Customers can get quotes, trade, manage their accounts all from a single
platform.
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Account activation charges Rs. 499/-
Minimum Margin Money Requirement Rs. 5000
No software installation required, easily accessible on browser
NSE cash segment, NSE F&O and BSE on single platform
Real-time streaming quotes
Hot key functions for faster trading
Trade online and over phone
Access your ledger balances and account information over internet and phone
Online transfer of funds through internet payment gateway
R-ACE Lite (Advanced) : An Applet based trading platform, providing access to live
streaming quotes, multiple market watch, message window and trading window, all in one
screen, to help customers track individual stocks and make timely trades when investing online.
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Account activation charges Rs. 999/-
Minimum Margin Money Requirement Rs. 10000
Traders terminal on your desktop
NSE cash segment, NSE F&O and BSE on single platform
Real-time streaming quotes
Technical charting (Intraday and EOD)
Multiple watch list
Advanced hot-key functions for faster trading
Derivative chains
Futures & Options calculator
Access your ledger balances and account information over internet and phone.
Online transfer of funds through internet payment gateway
Trade online and over phone
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R-ACE Pro (Professional) : For active traders. Launches directly from the trader's desktop and
offers advanced charting capabilities, technical analysis allowing them to execute a quick &
better trading decisions.
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Existing Banking Gateways
Citibank
HDFC Bank
ICICI Bank
Axis Bank
IndusInd Bank
Religare is tie-up above 5 banks , it means only with these bank , client can do online trading.
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(1)Race lite + Trump plus And trump Super
Account opening Rs.499 and Rs.2500 as a advance Brokerage for a year.
Intraday Brokerage- 0.025%, Delivery-0.25%
Trump Account
Particulars Trump Plus Trump Super
Cost of Subscription Rs. 2,500 Rs. 15,000
Validity Period 12 Months 12 MonthsBrokerage on Delivery Trades 0.25% 0.15%
Brokerage on Intraday Trades 0.025% 0.015%
Brokerage on F&O Trades 0.025% 0.015%
Terms & Conditions:
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Brokerage will be charged at the rates as mentioned in the applicable brokerage table, during
the tenure of scheme.
During the tenure of scheme brokerage charged shall be reversed to a maximum of cost of
subscription only.
Brokerage over and above it within the tenure of plan will have to be paid by the client at the
same rate as quoted above
Taxes, duties and other charges shall be charged apart from above specified brokerage as
applicable from time to time.
Minimum brokerage per scrip would be 1p
This plan would expire, at the expiry of the applicable validity period of account; and
thereafter it shall be renewed on the same terms and conditions.
(2)Race lite + Freedom(Rs 4500)
Account opening Rs.499 and Rs.4000 as a advance Brokerage for a year.
Intraday- Rs.3, 00,000 Free Daily after this 0.03%
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Delivery-Rs.40, 000 Free Daily after this 0.30%
Free Volumes Allowed
Daily Free Intraday & Derivative Volumes Rs. 3,00,000
Daily Free Delivery Volumes Rs. 40,000
Calculation of Free Volumes
Segment
NSE
cash
NSE
Futures
NSE
T2T
BSE
Cash
BSE
T2T
Total
Free Intraday/Derivative Volumes 100,000 100,000 N.A. 100,000 N.A. 300,000
Free Delivery Volumes 10,000 N.A. 10,000 10,000 10,000 40,000
Brokerage (on daily volumes)#
Intraday / Derivative Delivery
Volume (in Rs.) Brokerage Rate Volume (in Rs.) Brokerage Rate
Upto 1 Lakh 0% Upto 10,000 0%
1 Lakh - 10 lakh 0.03% 10,000 - 1 Lakh 0.30%
10 Lakh - 1 Cr 0.02% 1 Lakh - 10 Lakh 0.20%
1 Cr - 3 Cr 0.015% 10 Lakh - 30 Lakh 0.15%
Above 3 Cr 0.01% Above 30 Lakh 0.10%
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**Non Refundable
# Brokerage will be calculated on exchange wise and segment wise basis. Brokerage on trades above free
volumes will be charged at the flat rate of the slab in which the client falls on any particular day. For
example: If intraday volume in NSE segment is Rs. 25,00,000/-, total brokerage would be Rs. 480 {First
1 Lakh would be free and rest would be charged @0.02% as per the volume slab; i.e(25,00,000 -
1,00,000)*0.02%}
Features of Freedom Account:
minimum brokerage requirement per contract note.
No minimum brokerage requirement per trade.
Minimum brokerage per scrip is 1p (for extra trades above free volumes).
Charges on delayed payment @ 16% p. a..
Lifetime free AMC in Depository Account.
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Interest on cash margin lying with us @ 3.5% p. a.
Other statutory charges, taxes and duties to be charged extra as applicable.
Disclaimer: Brokerage and interest rates are subject to change without notice.
(3) Classic Plus (Rs 1175/-)
A/C Opening: - Rs 499+ Rs 675 as brokerage for a period of six months.
Brokerage :- Intraday 0.05%
Delivery 0.50%
*Brokerage will be deducted from these 675.
Terms & Conditions:
Brokerage will be charged at the rates as mentioned in the applicable brokerage table,
during the tenure of scheme.
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During the tenure of scheme brokerage charged shall be reversed to a maximum of cost
of subscription only
Brokerage over and above it within the tenure of plan will have to be paid by the client
at the same rate as quoted above.
Taxes, duties and other charges shall be charged apart from above specified brokerage as
applicable from time to time.
Minimum brokerage per scrip would be 1p
This plan would expire, at the expiry of the applicable validity period of account; and
thereafter it shall be renewed on the same terms and conditions.
(4)Classic lite (Rs.5499/-)
A/c Opening: - Rs 499 + Rs5000 as margin which will reflect in your account and you can trade
upon that Money .
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Features:-
Lifetime free Depository Account.
Interest on margin money 3% p.a.
Online fund transfer facility with five banks
I.e ICICI bank, HDFC bank, Axis bank, Citi bank& Indusind bank.
Online & Offline trading facility.
Research Reports available on our Website.
Online IPOs applying facility.
*Margin trading facility upto 20 times on intraday
Free zero balance saving a/c in icici bank for online fund transfer
Facility at the same time.
Brokerage and other charges:s
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Any transaction entered attracts brokerage. Brokerage is debited in the account at the end of the
day.
RACE Classic:
Monthly Turnover
(Less than 1 cr.)
Monthly Turnover (1
cr. to 5 cr.)
Monthly Turnover (More
than 5 cr.)
Intraday 0.05% 0.04% 0.03%
Delivery 0.50% 0.40% 0.30%
Derivates 0.05% 0.04% 0.03%
RACE Freedom:
Brokerage (on daily volumes)#
Intraday / Derivative Delivery
Volume (in Rs.) Brokerage Rate Volume (in Rs.) Brokerage Rate
Upto 1 Lakh Nil Upto 10,000 Nil
1 Lakh - 10 lakh 0.03% 10,000 - 1 Lakh 0.30%
10 Lakh - 1 Cr 0.02% 1 Lakh - 10 Lakh 0.20%1 Cr - 3 Cr 0.015% 10 Lakh - 30 Lakh 0.15%
Above 3 Cr 0.01% Above 30 Lakh 0.10%
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Other Charges:
CHARGES
CHARGED
ON
NSE
CASH in
%
F & O
in %
BSE CASH
%
Service TaxBROKERAG
E12.24 12.24 12.24
Other Charges (Stamp Charges+ Turnover
Charges) ( Intra day )TURNOVER
0.0055
(Jobbing)0.0041
0.0057
(Jobbing)
STT (Intra day) (Applicable on Selling side
only)0.025 0.017 0.025
Other charges (Stamp+ Turnover
Charges) (Delivery)TURNOVER 0.0135 0.0137
STT (Delivery) TURNOVER 0.125 0.125
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Indiabulls
HDFC mutual fund
ICICI direct.com
5Paisa.com
SMC
Reliance money
India infoline
Sharekhan
Kotakstreet.com
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The name is paired with the symbol of a four-leaf clover , a rare mutation of the common three-
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.Each leaf of the four-leaf clover
has a special meaning in the sphere 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 foundations 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 and the 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 to generate 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 bind together and form the core
of the Religare vision.
Following procedure is to be followed for RACE account opening:
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1. In case of Power of Attorney a minimum of Rs. 50 of stamp duty is required to be
attached in the form of stamp paper, except in cases of some states. Furthermore the stamp paper
should be purchased in the state where the client has executed the document
2. The Agreement need not be notarized.
3. The forms once punched should be sent in the pre-addressed envelopes for this purpose
to Fortis Financial Securities Ltd ,255, 1st Floor Okhla Industrial Estate ,Okhla Phase -3 , New
Delhi- 20
4. In case a client wishes to transfer his existing R-ALLY account to R-ACE then please
follow the procedure mentioned hereunder:
Fill up new R-ACE form (The client has to pay initial account opening charges and
margin by way of stock/cash)
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His existing trading account would be suspended (Client has to clear all his outstanding.
In case he has credit in his ledger balance, same would be returned to the client.)
A new depository account would be opened that would be mapped to new R-ACE
account
A new trading account would be opened in R-ACE client code format
His existing Depository account (if any) would be deactivated/closed after transferring
shares, so that his depository account balances are NIL. He would also be required to clear all
his outstanding.
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Branch will check the proper filled closure request form received from clients.
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In case of RACE & LAS demat a/c closing form need to be collected compulsorily
along with DIS booklet the pending charges will be debited to his trading a/c by HO.
Additionally Bank a/c closing is required to close LAS a/c.
In case of corporate a/c board resolution is required along with the closure request.
Will check the margin and outstanding positions open for the a/c. If there is any
margin shortage / outstanding sales or pending auctions & settlements will keep the
form pending until clearance of same.
Will check that the ledger balance mentioned in the form tallies with the ledger
balance in LD.
o In case of debit in the a/c will ask client to clear the same immediately for
further processing.
o In case the balance mentioned in the form doesnt match with the balance in
BackOffice, branch will issue and explain the statement of a/c to the client
and will ask the corrected closing letter.
Will check if there are any stocks lying in pool a/c.
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o If there is any stock lying in Broker beneficiary a/c; on clearance of financial
debit branch will request for stock transfer to the clients DP a/c as per clients
request.
o If there is no stock lying / is transferred to clients depository account; on
confirmation from branch manager a scan-copy of closure request should be
sent to [email protected] in HO for final closing.
On clients issues / problems reported Branch manager / Relationship manager should
to put remarks.
Branch will check the holdings of requested demat a/c.
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o In case of stock lying in demat a/c, will request client to transfer the stocks to
desired a/c.
o In case of no stocks or after clearing the stocks in requested a/c process the
closure request further.
Branch will check the pending DP charges.
o In case of pending DP charges will ask client to clear the same immediately
o In case client has already paid will process the request.
* For Corporate & partnership firm a/cs Board Resolution is required.
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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 and commodities or invest in your
favorite IPOs Online with us through our highly sophisticated and customized trading
platform R-ACE (Religare Advanced Client Engine)
How to earn reward points?
Investmenttype/Instrument
Value (Rs.)Basis of
calculationPointsEarned
Equity Trading 20.00 Brokerage 10
Commodities Trading 15.00 Brokerage 10
IPO Application 20,000.00 Application Value 10
IPO Allotment 10,000.00 Allotment Value 10
How To Redeem Reward Point:
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The reward points accumulated by customers can be redeemed using the Redemption option in
the Trade Reward section.
They can start redeeming their reward points against our list of attractive Gift Vouchers and
offers
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Redemption Partners
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Strength
Religare is one of the fastest growing share trading company.
It has a great brand name of Ranbaxy Group associated with it for promoting its product.
The Religare is the only online share trading company that gives interest on cash margin.
Religare offer trade reward also which is a unique feature of Religare.
Customer will get a zero balance saving account in ICICI bank after opening online
demat account In Religare.
Religare provide lifetime free demat account, i.e. no annual maintenance charges.
Religare also provide 20 times exposure on intraday trading.
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The employees of the company are quiet enthusiastic about the betterment of the
company.
The company gives utmost respect to customer service.
The company has a good relation with its channel partner.
Weakness
The company does not have a permanent online office in Varanasi so many people might
feel hesitation in investing in Religare.
At the time of account opening its margin money of Rs. 5000 is one of the factor which
sometime discourages customers to go for it while its competitors does not require any
margin money at the time of opening demat account.
Opportunities
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The number of people of Varanasi who have knowledge about share trading is quiet less
so if they can be taught about the benefits of investing Religare then the company can
cover a big revenue.
People who have knowledge about share trading are not willing to invest due to the loss
beard by them by investing in wrong shares at the wrong time, so if these people can be
motivated then the company can earn big revenue.
Since most of the broking houses have been established in Varanasi (City area) so their
most of the customers belongs to city only. The rural area is untouched area where a lot
of potential is available for these kinds of broking houses. This area is called virgin area.
So if Religare target these areas so the company can create a number of new customers
and also earn big revenue.
Threats
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Apart from Religare securities limited, other broking houses have permanent office in
Varanasi so people may be more attracted in investing in other company's broking
houses.
Religare has been launched before some times in Varanasi. The other broking houses
have been established before Religare, so they have more customers than Religare. Also
they have made the market concentrated so Religare may find difficulties in making new
customers.
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Where do People Invest Money?
Savings in banks account
Fixed Deposits
Postal Savings
Insurance
Real Estate
Gold
Stock Markets
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What is a share?
Having a share of a company means you own a part (SHARE) of the company
Shares as IPOs
Initial Public Offering (IPO) is when an unlisted company makes either a fresh
issue of securities or an offer for sale of its existing securities or both for the first
time to the public.
The shares could be bought by fulfilling a simple formalities (online through
religare website)
Post IPO the shares are listed on a Stock Exchange a stock exchange is a place
where the already issued shares of a company are bought and sold.
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Stock Exchange Working..
Buyer of Share
Broker
Stock Exchange
Seller of Share
Broker
Money
Share
+
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There are 23 National and Regional stock exchanges in India
2 are National Level Stock Exchanges : National Stock Exchange of India Ltd (NSE) &
Bombay Stock Exchange (BSE) while rest 21 are Regional Stock Exchanges (RSE).
The Indices: An index is a benchmark that captures the movement of the share market.
S&P Nifty: NSE stock index comprising 50 scrips
Sensex: BSE stock index comprising 30 scrips
Stock Exchanges in India
NSE
National Stock Exchange
BSE
Bombay Stock Exchange
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BSE - Bombay Stock exchange is one of the oldest stock exchanges in Asia with over 6,000
stocks listed
NSE - National Stock Exchange is one of the leading stock exchanges in India. The NSE has
been set up by leading institutions to provide a modern, fully automated screen based trading
system with national reach.
Market Timings:
Equity / Cash Market
Market Time will vary in case of Sun Outage informed by Exchange
National Stock Exchange: 09:55 a.m. 03:30 p.m. (Mon-Fri)
03:40 p.m. 04:00 p.m. (post close)
Bombay Stock Exchange: 09:55 a.m. 03:30 p.m.( Mon-Fri)
03:40 p.m. 04:00 p.m. (post close)
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Raise resources for companies and business ventures through public issues.
Transfer of resources from those having idle resources (investors) to others who have a
need for them (corporates).
Provide channels for reallocation of savings to investments and entrepreneurship.
Securities in which one can invest:
Equity
Government Securities
Derivative products
Units of Mutual Funds
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Commodities market is particularly significant to our country as India is essentially a
commodity based economy. The various commodities being traded on the exchanges include
precious metals, crude oil, agro-commodities etc.
Commodity Market - Exchange
MCX multi commodity
exchange
(Multi Commodity Exchange).
NCDEX
National Commodity & Derivative
Exchange Limited
NMCE
National Multi - commodity Exchange
of India
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Market Timings
MCX (Multi Commodity Exchange): 10:00 a.m. 11:55pm (Mon-Fri)
Saturday (10:00-14:00)
NCDEX (National Commodity and Derivative Exchange): -
10:00 a.m. 11:55 pm(mon-Fri)
Saturday (10:00-14:00)
NMCE (National Multi Commodity Exchange of India): -
10:00 a.m. 05:00pm(Mon-Fri)
Saturday (10:00-14:00)
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Sensex:
It is an index that represents the direction of the companies that are traded on the Bombay Stock
Exchange, BSE. It captures the increase or decrease in prices of stocks of companies that it
comprises.
Currently, all the 30 stocks that make up the Sensex have reached a value of 15,355 points.
These companies represent the myriad sectors of the Indian economy. A few of these companies
and the sector they represent are: ACC (cement), Bajaj Auto, Tata Motors, Maruti (automobile),
Infosys, Wipro, TCS (information technology), ONGC, Reliance (oil & gas), ITC, HLL (fast
moving consumer goods) etc.
Each company has a weight assigned to it. Companies like Reliance, Infosys, and HLL have
higher weightages compared to others like HDFC, Wipro, or a BHEL.
The increase or decrease in Sensex, is the effect of a corresponding increase or decrease in the
stock market price of these 30 companies. Sensex is the benchmark that represents Indian equity
markets globally.
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It is the Sensex's counterpart on the National Stock Exchange(NSE).
The only difference between the two indices (the Sensex and Nifty) is that the Nifty comprises
of 50 companies and hence is more broad-based than the Sensex. The Nifty 50 or the S&P CNX
Nifty as the index is officially called has all the 30 Sensex stocks.
The NSE Nifty functions exactly the way as the BSE Sensex does.
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What is Rolling/Normal Settlement?
Under rolling settlement all open positions at the end of the day mandatorily result in payment/
delivery n days later. Currently trades in rolling settlement are settled on T+2 basis where T is
the trade day.
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For example: A trade executed on Monday is mandatorily settled by Wednesday (Considering
two working days from the trade day). The funds and securities pay-in and pay-out are carried
out on T+2 days.
A tabular representation of the settlement cycle for rolling set-tlement is given below:
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Order book: The order book shows the complete list of orders placed for a particular day. Once
the order gets executed they go into the trade book.
Open position: The position which is not yet closed. E.g. when you buy 1 share and have not
yet sold it then your open position is 1 and when the share gets sold than the position stands nil.
Exposure: Exposure is x times the cash deposited. Suppose the exposure is 6 times, this means
that if the cash deposited is Rs 1000, the total exposure would be Rs. 6000.
Gross Allocated Exposure: It is the virtual amount spent. When order is placed, the quantity
multiplied by price of each share will be deducted from the gross exposure available.
Net used exposure: It is the real amount spent. When the order gets traded, the quantity
multiplied by price at which the order gets traded will be deducted from the net exposure
available.
Trade log- Trade Log is the detail of transactions done by a client on a particular day
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Futures calculator: The futures Calculator helps to calculate the Fair Value of a particular
Future Contract given the spot price, expiry date, interest rate and dividend yield.
Obligation: The stock for which the delivery has not been received yet, are reflected in the
Obligation report. Once the delivery comes i.e. on t+2 days, the same will be reflected in the
Asset report.
Assets reports: Asset Report shows the total holding in ones account as on date.
Options calc: The options calculator calculates the option price or volatility for a particular
options contract given the Option type i.e. Call or Put, Spot Price, Strike Price, Time until
expiry, Interest Rate and volatility or Option Price depending on what needs to be calculated.
LTP- Last Traded Price
TTQ - Total Traded Quantity
TTV - Total Traded Volume.
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Limit: A limit order is an order to buy or sell a security at a specific price. A buy limit order can
only be executed at the limit price or lower, and a sell limit order can only be executed at the
limit price or higher.
Market: Market orders are orders for which price is specified as 'MKT' at the time the order is
entered. For such orders, the system determines the price.
Stop-Loss: This facility allows the user to release an order into the system, after the market
price of the security reaches or crosses a threshold price called trigger price.
Example: If for stop loss buy order, the trigger is Rs.93.00, the limit price is Rs.95.00 and the
market (last traded) price is Rs.90.00, then this order is released into the system once the market
price reaches or exceeds Rs.93.00.This order is added to the regular lot book with time of
triggering as the time stamp, as a limit order of Rs.95.00.All stop loss orders are kept in a
separate book (stop loss book) in the system until they are triggered.
Trigger Price: Price at which an order gets triggered from the stop loss book.
Limit Price: Price of the orders after triggering from stop loss book
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Trading System: The trading system features and user navigation for Market are described
below.
Quantity :Order quantity should be in multiples of Market Lot.
Price :Members can enter either market orders or limit price orders. Order price for limit price
orders should be in multiples of tick size.
Order Cancellation/Modification : Order cancellation and modification is allowed for orders
entered. Order cancellation functionality can be performed only for orders which have not been
fully or partially traded (for the untraded part of partially traded orders only) and only during
market hours.
Net Position :The Net Position screen displays consolidated statistics for all markets as well as
separately for each market.
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Delivery Trades
This intimates the system to take delivery for the order placed. Incase of buy order, the system
will block the entire amount for the order placed. Incase of delivery sell order, one should check
the demat stock availability, once the order is accepted in the exchange the quantity put for sale
is blocked. Once the sell order is executed the entire amount generated from the sell trade will
be available for trading for further trading
Intraday or Square-off trades
Intraday price movements are particularly important to short-term traders looking to make many
trades over the course of a single trading session. The term intraday is occasionally used to
describe securities that trade on the markets during regular business hours.
ObligationTrades (BTST)
In case of Obligation trades, the customer may buy shares of a company to-day and sell of the
shares bought the very next day before the actual settle-ment
Lets say, if you buy 100 INFOSYS today at 3500 and tomorrow if the rate goes upto 3800, can
you sell the same
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1. Manage Account Trading (R-ALLY)
Offline
Trade over phone at branches
Online Trading to be allowed only on browser through iNet.net
2. Net Account Trading (R-ACE)
Online
Square-off rights only dealer at branch level
Trade over phone at call centre
Online trading to be allowed through various modes: browser and application
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No call center support Call center support provided for trading,
back-office and IT support
Full branch level support Minimum branch level support
High level of manual intervention for
flexible processes
Fully automated processes
Basic software Feature-rich software
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Dematerialization is a process in which physical share certificates are converted into
electronic shares
For the ease of settlement and many millions of transactions the shares are traded in
electronic format
The physical share certificate needs to be converted to Dematerialized format for
enabling trading
Depository : The organization responsible to maintain investor's securities in the
electronic form is called the depository
CSDL & NSDL are the 2 depository providing their services in India
These Depositories are linked with Depository Participant (e.g. Religare Securities Ltd)
who are involved in servicing the customer for all Demat needs.
Demat Account
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Demat is an account similar to a Bank account in which shares are held in electronic form.
Demat account is maintained by depositories (NSDL and CSDL and access is provided by DPs
e.g. Religare)
Savings Bank Account
An account with the bank where you keep your money and withdraw as and when needed (In
this case for trading purpose)
Trading Account
An account with the DP through which all the transactions are routed
EQUITY:
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Equity investments are securities which represent ownership in businesses. This ownership is
purchased in the form of shares.
There are two ways in which you can invest in equities:-
Primary market (by applying in IPOs)
Secondary market (by buying shares listed on stock exchanges)
Advantages:-
It is most liquid asset class
It has a potential of high returns to the investors
Investors can earn dividend income, as well as capital gains when the share prices shoot
up
Equity shares gives ownership and control of the company.
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Equity vs. Other Asset Classes
Empirical study suggests that Equity markets have outperformed all other asset classes
Source: www.moneypore.com
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The term "Derivative" indicates that it has no independent value.
Its value is entirely "derived" from the value of the underlying asset.
The underlying asset can be securities, commodities, bullion, currency, live stock or
anything else.
Types:
Futures Contracts
Options
A futures contract is an agreement between two parties to buy or sell securities at a
certain time in the future at a certain price.
Futures contracts are standardized exchange-traded contracts.
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An option gives the holder of the option the right to do the something.
Option holder has the right but not the obligation to exercise.
The purchase of an option requires an up-front payment.
Options Terminology
Index Options : India VIX based on the Nifty 50 Index Option prices.
Stock Options
Call Option : Option to buy
Put Option : Option to sell
Option buyer : One who buys the option. He has the right to exercise the option but no
obligation.
Option seller : One who gives/writes the option. He has an obligation to perform, in case
option buyer desires to exercise his option.
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An investor buys one European call option on Infosys at the strike price of Rs. 3500 at a
premium of Rs. 50. If the market price of Infosys on the day of expiry is Rs. 3600
The investor's Break even point is Rs. 3550 (Strike Price + premium paid) i.e., investor
will earn profits if the market crosses above Rs. 3550.
However, If at the time of expiry stock price falls below Rs. 3500 say suppose it touches
Rs. 3000, the buyer of the call option will choose not to exercise his option.
In this case the investor loses the premium (Rs 100), paid which shall be the profit
earned by the seller of the call option.
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An investor buys one European Put option on Reliance at the strike price of Rs. 300/-, at
a premium of Rs. 25/-. If the market price of Reliance, on the day of expiry is less than
Rs. 300, the option can be exercised.
The investor's Break even point is Rs. 275 (Strike Price - premium paid) i.e.,
investor will earn profits if the market falls below 275.
Suppose stock price is Rs. 260, the buyer of the Put option immediately buys Reliance
share in the market @ Rs. 260/- & exercises his option selling the Reliance share at Rs
300 to the option writer thus making a net profit of Rs. 15 {(Strike price - Spot Price) -
Premium paid}.
In another scenario, if at the time of expiry, market price of Reliance is Rs 320/ - , the
buyer of the Put option will choose not to exercise his option to sell as he can sell in the
market at a higher rate. In this case the investor loses the premium paid (i.e Rs 25/-),
which shall be the profit earned by the seller of the Put option.
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A MF is a pool of money put together by Investors called as unit holders who share a
common goal.
The money thus collected is invested by professional fund managers in different types of
securities depending upon the objectives of the scheme.
The Mutual Fund is managed by a Asset management Company (AMC)
NAV : It's the fund's assets minus its liabilities divided by the number of outstanding
shares.
Sales Load : Is a charge collected by a scheme when it sells the units. Also called,
Front-end load. Schemes that do not charge a load are called No Load schemes (Entry
and exit Load)
NFO.
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Advantages of MF
Professionally managed portfolio
Diversified portfolio
Low cost of investment (economies of scale)
It is possible to invest in small amounts.
Simplicity
Choice of schemes
Various tax benefits are granted to investors of Mutual Funds e.g. ELSS scheme.
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At Religare one can invest Mutual Funds online.
One can do online purchase and redemption in all the Schemes .
One can check Latest (previous day) NAVs and Invest online in NFOs of all the Mutual
Fund Schemes.
One has the option of investing through the Systematic Investment Plan (SIP),
withdrawing through SWP and switching schemes (within the same MF).
There is No BROKERAGE charged and only an entry and exit load is charged (by the
AMC) whenever one invests, redeems and switches.
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Normally to invest in an IPO, you would have to fill up a Form, write the Cheque,
submit the Form
Through Religare just
LOGIN
SELECT IPO
ENTER AMOUNT
Subscribe & its Done
No Filling of Forms
No writing Cheques
No standing in QUEUE
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Insurance is defined as A contract between two parties whereby one party called
insurer undertakes to pay the other party called insured a fixed amount of money on the
happening of a certain event, in exchange for a fixed sum called premium.
There are different kinds of Insurance Products available such as Health Insurance ,
Motor Insurance, Home Insurance, Overseas Travel Insurance, Rishtey Parents Health
Insurance, Student Travel Insurance etc.
For Example if a person buys a Life Insurance Policy by paying a premium to the
Insurance company , the family members of insured person receive a fixed compensation
in case of any unfortunate event like death.
Advantages : Protection, Tax saving, Liquidity etc
.
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Trading
The trading on stock exchanges in India used to take place through open outcry
without use of information technology for immediate matching or recording of
trades. This was time consuming and inefficient. This imposed limits on trading
volumes and efficiency. In order to provide efficiency, liquidity and transparency,
NSE introduced a nation-wide on-line fully-automated screen based trading system
(SBTS) where a member can punch into the computer quantities of securities and
the prices at which he likes to transact and the transaction is executed as soon as it
finds a matching sale or buy order from a counter party. SBTS electronically
matches orders on a strict price/time priority and hence cuts down on time, cost
and risk of error, as well as on fraud resulting in improved operational efficiency.
It allows faster incorporation of price sensitive information into prevailing prices,
. It enables market participants, irrespective of their geographical locations, to trade with one
another simultaneously, improving the depth and liquidity of the market. It provides full
anonymity by accepting orders, big or small, from members without revealing their
identity, thus providing equal access to everybody
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Outstanding Orders
The purpose of Outstanding Orders (OO) is to enable the user to view the
outstanding orders for a security. An outstanding order is an order that has been
entered by the user, but which has not yet been completely traded or cancelled. The
user is permitted to see his own orders.
Special Features of Outstanding Orders:
The user can modify orders from the outstanding orders screen.
The user can cancel orders from the outstanding orders screen.
The user can view status of a particular order from the outstanding orders screen.
Activity Log
The Activity Log (AL) shows all the activities that have been performed on any
order belonging to that user. These activities include order
modification/cancellation, partial/full trade, trade modification/cancellation. It
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displays information of only those orders in which some activity has taken place. It
does not display those orders on which no activity has taken place.
The following activities are displayed:
B For buy orders, this indicates a match.
S For sell orders, this indicates a match.
OC This indicates an order was cancelled.
OM This indicates an order was modified.
TC For both buy and sell orders this indicates that a trade involving this order was
cancelled.
TM For both buy and sell orders this indicates that a trade involving this order was
modified.
Order Status
The purpose of the Order Status (OS) is to look into the status of one of dealers
own specific orders. The screen provides the current status of orders and other
order details. The order status screen is not dynamically updated. In case the order
is traded, the trade details are also displayed. In case of multiple trades the display is scrolled.
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Over 190,000 Retail Equity clients,with growth rates over 200%
Current market share is at 4.5% -5.5%
Target increased presence in thissegment both in India and abroad
Doubling manpower by March2008
Rising Equity Broking Turnover*
* Figures in $ mn
Key Facts
Equity Broking
Rising Client Base
Presence of 300 Branches all India
Internationally, established office inLondon, with the target of opening
7 offices abroad by March 2008
Targeting growth of 25% inbrokerage by March 2008
Key Facts
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Online Investment
Official Launch of E-broking in August2006
Aggressive growth has been observedin the client base for online trading
Targeting 300,000 online clients by theend of this financial year
Rising Number of Online ClientsKey Facts
* Of total internet trading volume of NSE As per the last published figures** Figures in $ mn
Acquired market share of 8% in internettrading volumes *
Recently launched a revamped, unique360 degrees customer centric online
trading portal
To increase team strength to 3000employees purely for internet trading
Key Facts
Rising Turnover**
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Personal Credit
Official Launch of Personal Loans inAugust 2006
Total number clients till date are nearly1500
Targeting book size $110 mn by March2008
Personal Loans - Key Facts Personal Loans - Scheme Wise Size**
Current Book Size $144 mn, projected
to increase to $ 284 mn by March2008
Presence of 300 Branches all India, todouble by March 2008
Total number clients till date are nearly15,000
Loans Against Shares - Key FactsLAS - Current and Projected Book Size**
*Projected Figures**Figures in $ mn
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Personal Financial Services
PFS caters to the financial needs ofindividuals by advising them onvarious financial plans
Financial planning for retail investmentis not widespread in India
PFS was started to target the rapidlyexpanding middle net worth individuals(MNIs) in India
Rapid rollout of PFS Products offering,such as mutual funds, life and generalinsurance, fixed income, small savingsinstruments, capital bonds and equity
IPOs
Expert group of Religares PFSadvisors provide high qualitycustomized solutions
Dedicated Team of more than 200advisors, to be expanded to 800 byMarch 2008
Key Facts
Product Wise Clients
Rising MF Collections for both Debt & Equity*
* Figures in $ mn
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Investment Banking Division covers threekey areas
Merchant Banking
Transactions Advisory Services
Corporate Finance
License for Merchant Banking wasreceived on 19th December, 2006
Handling a wide plethora of over 40transactions in India
The investment banking branch ofReligare since its inception six monthsago, has raised over $185 mn with an
anticipated growth of over 100%
Of $185 mn, $142 mn was raised throughdebt
Investment Banking
Key Facts
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Religare International Advisory Fund Management Service provides advisory services to clientswho wish to profit from trading in International (currently limited to US) financial instruments
Instruments available are US equities, Mutual funds and Debt, with funds being managed by theFund Management Team based out of Delhi.
Religare International Equity portfolio has shown much higher returns than DJIA and NasdaqComposite Index
International Equity Partner - Wall street*E
Key Facts
International Equity Portfolio Performance
International Equity
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Portfolio Management Services
Scheme-Wise AUM
Scheme-Wise Client Distribution
PMS provides customized portfolioservices with a high level of clientinteraction
Rigorous valuation disciplines havebeen put in place to minimize risk
Extremely experienced and well
networked team of individuals Product offerings entail four key
schemes Panther, Tortoise, Elephantand Caterpillar
Current Assets under Advice are $100mn
Key Facts
Panther: Aggressive across sectors,High Risk- High Return Profile
Tortoise: Gradual Growth, with acautious approach; Medium Risk andMedium Return
Elephant: Steady return over a longtime period; Low Risk Low Return
Caterpillar: Capital appreciation over along period of time; High Risk- HighReturn Profile
Key Facts
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Priority Client Group
Key Facts
Priority Client Group (PCG) caters to high net
worth individuals who actively invest in equity
markets
Clients have exclusive access to equity
research reports fundamental & technical
covering a wide spectrum of companies
across sectors
Dedicated team of 20 research analysts, 10
dealers and 10 relationship managers
State-of-the-art infrastructure and superior
execution systems to ensure faster execution
of trades
Nearly 700 cl ients
Turnover for PCG is over $3.4 bn
Currently operational in 5 locations with the
existing retail setup
Revenue Distribution
PCG Product Offerings
Direct Equity
Fundamental research reports
Technical research reports
NRI Direct Equitys and Derivatives
Structured Products (Derivatives)
Index Arbitrage
Volatili ty Trading
Directional & Non Directional Trading
Structure Products .
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ICICI DIRECT.COM RELIGAREONLINE.COM
ACCOUNT OPENING Rs:- 1200*
ACCOUNT OPENING Rs :- 299 with
commodity*
* with commodity and RS:- 750 without
commodity * will start shortly.
BROKERAGE :- .75%
0.05% BROKERAGE SCHEME-on
Intraday
effective yield :- .90% 0.50% ON DeliveryANNUAL AMC IS RS:- 580/- PER ANNUAL NO AMC
NO DEALER SUPPORT DEALER SUPPORT
PROVIDE CALL CENTRE NUMBER ONLY CALL CENTRE & DIRECT LINES ALSO
4-20 TIME EXPOSURE 6-20 TIMES EXPOSURE
NO TRADE REWARDS POINTS TRADE REWARDS POINTS
NO LIMIT AGAINST THE DEMAT
HOLDING
LIMIT AGAINST THE DEMAT
HOLDING
Account Opening: Rs 750
Schemes: For short periods Rs 750 is refundable
against brokerage generated in a qtr. These
schemes are introduced 3-4 times a year.
Demat: NIL, 1st year charges included in
Account Opening Plus a facility to open
additional 4 DPs without 1st yr AMC.
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Initial Margin: Nil
Brokerage: All brokerage is inclusive of stamp
duty and exclusive of other taxes.
Slab wise brokerage ranges from 0.75% to
0.25% depending on volume.
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SHAREKHAN RELIGAREONLINE.COM
Account Opening Rs:- 1000*
Account Opening Rs :- 299 with
commodity*
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* Refundable against brokerga in month +1 * will start shortly.
0.10% BROKERAGE SCHEME-on Intraday
0.05% BROKERAGE SCHEME-on
Intraday
0.50% ON Delivery 0.50% ON Delivery
ANNUAL AMC IS RS:- 450/- PER ANNUAL NO AMCNO INTEREST ON THE AMOUNT INTEREST ON THE MARGIN AMOUNT
3% per annual 3% per annual yield is high
Exposure- 4 times Exposure- 6-20 times
Account access charges-500 p.m. adjust against
brokerage NO ACC .
NO TRADE REWARDS POINTS TRADE REWARDS POINTS
Classic account- Rs.750/- Classic account- Rs.1175/-
NO LIVE STREAMING QUOTES LIVE STREAMING QUOTES
Account Opening : Rs 1000 ( Refundable against brokerage in Month + 1)
Demat 1st Yr : Incl in Account Opening
Initial Margin : NIL
Min Margin Retainable : NIL
Brokerage :
Trading 0.10% each side + All Taxes
Delivery 0.50% each side + All Taxes
( Negotiable based on volume )
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Account Access Charges
Monthly Rs 500, adjustable qtrly against brokerage of Rs 9000/- for qtr
No access charges for gold customers ( Above 1 lac brokerage p.a)
Classic account
Account opening : 750 (lifetime)
Demat 1st year: free a/c opening
Intial margin : NIL
Minimum margin :NIL
Brokerage :
Trading 0.10% each side + All Taxes
Delivery 0.50% each side + All Taxes
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( Negotiable based on volume )
Problems Of Sharekhan
Sharekhan interface is quite complicated
Sharekhan is good except customer care.
Sharekhan exposure is 4 times and Religare securities is the leader
here with 20 times.
Basic features are missing from companys websities.
No written confirmation of buying and selling of shares.
Sharekhan still does not have full support for BSE trades and
May show your orders pendingand will not execute the orders.
High brokerage , high AMC (annula maintence charges) and account opening charges.
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High amount of margin money required to put in dmat account
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5PAISA .COM RELIGAREONLINE.COM
Account Opening Rs:- 500
Account Opening Rs :- 299 with
commodity*
* will start shortly.
0.10% BROKERAGE SCHEME-on Intraday
0.05% BROKERAGE SCHEME-on
Intraday
0.50% ON Delivery 0.50% ON Delivery
Initial Margine- Rs.-2500/- NoInitial Margine is required.
NO TRADE REWARDS POINTS TRADE REWARDS POINTSClassic account- Rs.500/- Classic account- Rs.1175/-
Account access charges-800 p.m. adjust against
brokerage and Yearly Acc is Rs. 8000/- NO ACC..
ANNUAL AMC IS RS:- 250/- PER ANNUAL NO AMC
Minimum Margine-Rs.1000/- either in cash or in No Minimum Margine is required.
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securities
Account Opening: Rs 500
Demat 1st Yr: Rs 250
Initial Margin: Rs 2500(Compulsory)
Min Margin Retainable: Rs 1000
Brokerage:
Trading 0.10% each side + ST
Delivery 0.50% each side + ST
PRICING FOR HNI CLIENTS
Trader Terminal
Account Opening: Rs 500
Demat 1st Yr: Rs 250
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Initial Margin: Rs 5000(Compulsory)
Min Margin Retainable: Rs 1000
Brokerage:
Trading 0.10% each side + ST
Delivery 0.50% each side + ST
(Negotiable to 0.05% each side & 0.25%
Account Access Charges
Monthly Rs 800, adjustable against Brokerage
Yearly Rs 8000, adjustable against brokerage
Problems Of 5 Paisa
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Downtime
Recent past 5 paisa Trader Terminal (T.T) is experiencing high frequency downtime between
3 3:30p.m due to server load (as their T.T is feature heavy compared to Speedtrade charting)
Manual Accounting
The 5 paisa accounting system is manual, Online fund transfer through bank is not credited
instantly. Limit is provided EOD for shares sold from DP, or call Similarly limit released for
shares sold under BTST is manual Delay in receiving pay-out of clear funds from trading to
Bank Account
Min Account Balance
Concept of Min Rs1,000 is to be maintained in form of cash / securities to keep account active.
This can be withdrawn only on closure of account
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KOTAKSTREET.COM RELIGAREONLINE.COM
Account Opening Rs:- 500
Account Opening Rs :- 299 with
commodity*
* will start shortly.
Initial Margine- Rs.-5000/- NoInitial Margine is required.
NO TRADE REWARDS POINTS TRADE REWARDS POINTS
0.10% BROKERAGE SCHEME-on Intraday
0.05% BROKERAGE SCHEME-on
Intraday
0.50% ON Delivery 0.50% ON Delivery
Minimum Margine-Rs.1000/- either in cash or in
securities No Minimum Margine is required.
ANNUAL AMC IS RS:- 22.50/- PER
ANNUAL NO AMC
Account Opening: Rs 500
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Demat: Rs 22.5 p.m
Initial Margin: Rs 5000(Compulsory)
Min Margin Retainable: Rs 1000
Brokerage Slab wise: Higher the volume, lower the brokerage. Even older customers (on
0.25% & 0.40%) have been moved to the slab wise structure.
Problems of Kotakstreet
Rigid Account Opening Terms
No Flexibility of A/c opening charges (Rs 500) + Compulsory margin Rs 5000/-
Account opening free with Rs 10,000 Margin OR Competitor Contract Note.
No Flexibility in Leverage Dependent on Type of Account ( 4 to 6 times only) No
flexibility in Brokerage, driven by slab structure.
No Customization of commercial Terms.
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Restricted Access to Terminal like product
KEAT Desktop restricted distribution on payment of Rs 500, Non refundable
Many Other Charges:
Rs 22.5 p.m towards DP AMC charges
DP incoming charges extra, 0.02%
Rs 1,000 as retainable Margin to keep account active
Rs 25 per call after 20 calls for the month
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INDIABULLS RELIGAREONLINE.COM
Account Opening Rs:- 250/- and Rs.200 for
Dmat
Account Opening Rs :- 299 with
commodity*
* will start shortly.
Classic account- Rs.950/- Classic account- Rs.1175/-
ANNUAL AMC - NO NO AMC
0.10% BROKERAGE SCHEME-on Intraday
0.05% BROKERAGE SCHEME-on
Intraday
0.50% ON Delivery 0.50% ON Delivery
NO INTEREST ON THE AMOUNT INTEREST ON THE MARGIN AMOUNT
3% per annual 3% per annual yield is high
NO TRADE REWARDS POINTS TRADE REWARDS POINTS
Account Opening: Rs 250
Demat: Rs 200 if POA is signed, No AMC for this DP
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Initial Margin: NIL
Brokerage: Negotiable
Power IndiaBulls
Account Opening: Rs 750
Demat: Rs 200 if POA is signed, No AMC for this DP
Initial Margin: NIL
Brokerage: Negotiable
Problems Of IndiaBulls
POA for Clients DMAT
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Charges are levied to move shares from IB pool Account to client DP account All shares held by
client trading with IB are moved to IB Pool Account and the same is shown as a reflection in
client DP account.
Paid Research Services
Access to a research even for an IB trading account holder is charged a min of Rs 500 a month.
Margin funding hoax
The interest on funding starts on leveraged delivery trades from T+1 day itself @21% p.a , on a
daily basis.
The role of Relationship Manager:
Each RM is looked upon as a revenue generator and he gets a % on business generated from
client. This can lead to over leveraged (Interest) & high frequency (Brokerage) trading, which
may not be in the best interest of the client
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No requirement of broker for trading activities.
Order is placed online, so no way a wrong order is placed.
Order cant be late, because without time lag order is placed.
All information regarding investment is always available in your own a/c.
Completely paperless, so contract notes or cheques are not required
Fully automated processes, so no dependency on any one.
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Trade on the NSE, BSE and NSE F&O, IPOs, MF and Commodities.
Extra trading exposure on stock holdings.
Trading support available without any extra charge.
Some of our interesting features and benefits are as follows:
Unique Features Benefits
Trade Rewards
Trade Rewards is a unique offering from Religare that gives you dual
benefits of hassle free investment experience online and an opportunity to
earn while you invest with us.
Exposure up to 20
times on your
margin*
Allowing you the freedom to trade without hassles throughout the day
without having to worry about your cash margin. You can get exposure
(on cash segment) as high as 20 times for intraday trades.
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Interest on cash
margin
Even while you are waiting to make your next trade or online investment,
your unutilized cash does not lie idle with us. You earn interest on your
unutilized cash margin.
At the time of account opening its margin money of Rs. 5000 is one of the factor which
sometime discourages customers to go for it while its competitors does not require any
margin money at the time of opening demat account
Sometimes its terminal works with low frequency, so that customers have to face many
problems specially in intraday .
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Since its a brand, yet it faces number of difficulties to capture the customers of
INDIABULLS, RELIANCE and ICICI...
The information, estimates and opinions contained in this report are obtained
from sources considered to be reliable. However, I am giving qualification for
this report.
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They did not provide full satisfaction about the queries.
Proper data is not available on the web-site.
The employees should not damage the goodwill of the religare securities ltd only to get
few profits.
There should be a proper coordination between the employees and use proper
communication.
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The company should pay more attention in satisfying the clients, and retaining them for a
longer period.
The company should pay more emphasis on its customer support services. A regular
feedback should be taken by the clients regarding their problems.
The company should go for some more advertising and promotional activities to gain
more share of the market.
www.religareonline.com
NSE Newsletters
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From Google
From journals (like-business-today and money-outlook)
www.nseindia.com
List of Abbreviations
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ABC Additional Base Capital
BMC Base Minimum Capital
BSE Bombay Stock Exchange
CDSL Central Depositories Services Ltd.
CM Capital Market
Co. Company
DCA Department of Company Affairs
DEA Department of Economic Affairs
DP Depository Participant
DPG Dominant Promoter Group
DQ Disclosed Quantity
FI Financial Institution
FII Foreign Institutional Investors
F&O Futures and Options
IOC Immediate or Cancel
IPF Investor Protection Fund
LTP Last Trade Price
MBP Market By Price
MTM Mark To Market
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NSE National Stock Exchange
NSCCL National Securities Clearing Corporation Limited
NSDL National Securities Depository Ltd.
NCFM NSE's Certification in Financial Markets
SEBI Securities and Exchange Board of India
ULIPs Mutual Funds
Investment amounts
Determined by the
investor and can be
modified as well
Minimum investment amounts are
determined by the fund house
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Expenses
No upper limits,
expenses determined by
the insurance company
Upper limits for expenses chargeable to
investors have been set by the regulator
Portfolio disclosure Not mandatory* Quarterly disclosures are mandatory
Modifying asset
allocation
Generally permitted for
free or at a nominal cost
Entry/exit loads have to be borne by the
investor
Tax benefits
Section 80C benefits are
available on all ULIP
investments
Section 80C benefits are available only
on investments in tax-saving funds
ULIPs vs Mutual Funds: Who's better?
Unit Linked Insurance Policies (ULIPs) as an investment avenue are closest to mutual funds in
terms of their structure and functioning. As is the case with mutual funds, investors in ULIPs are
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allotted units by the insurance company and a net asset value (NAV) is declared for the same on
a daily basis.
Similarly ULIP investors have the option of investing across various schemes similar to the ones
found in the mutual funds domain, i.e. diversified equity funds, balanced funds and debt funds to
name a few. Generally speaking, ULIPs can be termed as mutual fund schemes with an
insurance component.
However it should not be construed that barring the insurance element there is nothing
differentiating mutual funds from ULIPs.
How ULIPs can make you RICH!
1-Mode of investment/ investment amounts
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Mutual fund investors have the option of either making lump sum investments or investing
using the systematic investment plan (SIP) route which entails commitments over longer time
horizons. The minimum investment amounts are laid out by the fund house.
ULIP investors also have the choice of investing in a lump sum (single premium) or using the
conventional route, i.e. making premium payments on an annual, half-yearly, quarterly or
monthly basis. In ULIPs, determining the premium paid is often the starting point for the
investment activity.
This is in stark contrast to conventional insurance plans where the sum assured is the starting
point and premiums to be paid are determined thereafter.
2. Expenses
In mutual fund investments, expenses charged for various activities like fund management, sales
and marketing, administration among others are subject to pre-determined upper limits as
prescribed by the Securities and Exchange Board of India.
For example equity-oriented funds can charge their investors a maximum of 2.5% per annum
on a recurring basis for all their expenses; any expense above the prescribed limit is borne by the
fund house and not the investors.
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Similarly funds also charge their investors entry and exit loads (in most cases, either is
applicable). Entry loads are charged at the timing of making an investment while the exit load is
charged at the time of sale.
. Tax benefits
ULIP investments qualify for deductions under Section 80C of the Income Tax Act. This holds
good, irrespective of the nature of the plan chosen by the investor. On the other hand in the
mutual funds domain, only investments in tax-saving funds (also referred to as equity-linked
savings schemes) are eligible for Section 80C benefits.
Maturity proceeds from ULIPs are tax free. In case of equity-oriented funds (for example
diversified equity funds, balanced funds), if the investments are held for a period over 12
months, the gains are tax free; conversely investments sold within a 12-month period attract
short-term capital gains tax @ 10%
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The Systematic Investment Plan (SIP) is a simple and time honored investment strategy for
accumulation of wealth in a disciplined manner over long term period. The plan aims at a
better future for its investors as an SIP investor gets good rate of returns compared to a one time
investor.
What is Systematic Investment Plan
A specific amount should be invested for a continuous period at regular intervals under
this plan.
SIP is similar to a regular saving scheme like a recurring deposit. It is a method of
investing a fixed sum regularly in a mutual fund.
SIP allows the investor to buy units on a given date every month. The investor decides
the amount and also the mutual fund scheme.
While the investor's investment remains the same, more number of units can be bought
in a declining market and less number of units in a rising market.
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ELSS funds have a lock-in period of three years. This could be restricting, but look at the other
side of the picture -- the lock-in period prevents unnecessary withdrawals and helps your money
grow over a period of time.
If you are wondering why a three-year lock-in period is necessary, it is because you need to take
a long-term view when you invest in equity. The real potential of equities starts to show only
after a few years. This allows you to ignore the short-term slumps and stay invested for the long
haul.
How to compare mutual funds
The tax benefit
Investments in ELSSs fall under Section 80C.
The limit under this section is Rs 100,000.
This is irrespective of how much you earn and under which tax bracket you fall.
Also, there are no sub-limits under this overall Rs 100,000 amount.
So, if you choose, you can invest the entire amount in ELSS or infrastructure bonds. How you
utilise the limit of Rs 100,000 is entirely up to you.
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What are the criteria for selection and review of scrips for the SENSEX?
A .QuantitativeCriteria:
1. Market Capitalization:
The scrip should figure in the top 100 companies listed by market capitalization. Also
market capitalization of each scrip should be more than 0.5 % of the total market
capitalization of the Index i.e. the minimum weight should be 0.5 %. Since the SENSEX
is a market capitalization weighted index, this is one of the primary criteria for scrip
selection. (Market Capitalization would be averaged for last six months)
2. Liquidity:
(i) Trading Frequency: The scrip should have been traded on each and every trading day
for the last one year. Exceptions can be made for extreme reasons like scrip suspension
etc. (ii) Number of Trades: Number of Trades: The scrip should be among the top 150
companies listed by average number of trades per day for the last one year. (iii) Value of
Shares Traded: Value of Shares Traded: The scrip should be among the top 150
companies listed by average value of shares traded per day for the last one year.
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3. Continuity:
Whenever the composition of the index is changed, the continuity of historical series of
index values is re-established by correlating the value of the revised index to the old
index (index before revision). The back calculation over the last one-year period is
carried out and correlation of the revised index to the old index should not be less than
0.98. This ensures that the historical continuity of the index is maintained.
4. Industry Representation:
Scrip selection would take into account a balanced representation of the listed companies
in the universe of BSE. The index companies should be leaders in their industry group.
B.Qualitative Criteria:
Track Record:
In the opinion of the Index Committee, the company should have an acceptable track
record.
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What is the beta of SENSEX scrips?
Beta measures the sensitivity of a scrip movement relative to movement in the
benchmark index i.e. SENSEX. A Beta of one means that for every change of 1% in
index, the scrip moves by 1%. Statistically Beta is defined as: Covariance (SENSEX,
Stock )/ Variance(SENSEX)
Note: Covariance and variance are calculated from the Daily Returns data of the
SENSEX and SENSEX scrips.
How is SENSEX calculated?
SENSEX is calculated using a "Market Capitalization-Weighted" methodology. As per
this methodology, the level of index at any point of time reflects the total market value of
30 component stocks relative to a base period. (The market capitalization of a company
is determined by multiplying the price of its stock by the number of shares issued by the
company)
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An index of a set of a combined variables (such as price and number of shares) is
commonly referred as a 'Composite Index' by statisticians. A single indexed number is
used to represent the results of this calculation in order to make the value easier to work
with and track over time. It is much easier to graph a chart based on indexed values than
one based on actual values.
The base period of SENSEX is 1978-79. The actual total market value of the stocks in
the Index during the base period has been set equal to an indexed value of 100. This is
often indicated by t