-Share Market & Financial System-jntu Format

8/6/2019 -Share Market & Financial System-jntu Format

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Index

CONTENTS PAGE NO.

CHAPTER 1 INTRODUCTION

CHAPTER 2 RESEARCH METHODOLOGY

CHAPTER 3 INDUSTRY PROFILE

CHAPTER 4 COMPANY PROFILE

CHAPTER 5 THEORETICAL FRAME WORK

CHAPTER 6 DATA ANALYSIS & INTERPRETATION

CHAPTER 7 FINDINGS & SUGGESTIONS

CHAPTER 8 CONCLUSION & BIBLIOGRAPHY

ANNEXURE QUESTIONNAIRE


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CHAPTER -1

INTRODUCTION


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The Bombay Stock Exchange in India

Type Stock Exchange

Location Mumbai, India

Owner Bombay Stock Exchange Limited

Key people Rajnikant Patel (CEO)

Currency INR

No. of listings ~6,000

MarketCap US$ 1.61 trillion (2006)

Volume US$ 980 billion (2006)

Indexes BSE Sensex

Website http://www.bseindia.com/

STOCK MARKET

A s t o c k m a r k e t , o r ( e q u i t y m a r k e t ) , i s a p r i v a t e o r p u b l i c m a r k e t f o rt h e t r a d i n g o f c o m p a n y s t o c k a n d d e r i v a t i v e s o f c o m p a n y s t o c k a t a na g r e e d p r i c e ; t h e s e a r e s e c u r i t i e s l i s t e d o n a s t o c k e x c h a n g e a s w e l la s t h o s e o n l y t r a d e d p r i v a t e l y .

T h e s i z e o f t h e w o r l d s t o c k m a r k e t i s e s t i m a t e d a t a b o u t $ 5 1 t r i l l i on .T he w o r ld d e r iv a t iv e s m ar ke t h as b ee n e s t im a t ed a t a b o u t $ 4 8 0t r i l l io n f a c e o r n o m i n a l v a l u e , 1 2 t i me s t h e s i z e o f t h e e n t i r e w o r l de c o n om y . I t m u s t b e n o t e d t h o u g h t h a t t h e v a l u e o f t h e d e r i v a t i v e s

m a r ke t , b e c a u s e i t i s s t a t e d i n t e r ms o f n o t i o n a l v a l u e s , a n d c a n n o tb e d i r ec t l y c o m p a re d t o a s t o ck o r a f i x ed i n c o me s e c ur i t y , w h i c ht r a d i t i o n a l ly r e f e r s t o a n a c t u a l

v a l u e . M a n y s u c h r e l a t i v e l y i l l i q u i d s e c u r i t i e s a r e v a l u e d a s m a r k e dt o m o d e l , r a t h e r t h a n a n a c t u a l m a r k e t p r i c e .
http://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Stock_Exchangehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/INRhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/US$http://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/Websitehttp://en.wikipedia.org/wiki/Market_systemhttp://en.wikipedia.org/wiki/Tradehttp://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Derivative_(finance)http://en.wikipedia.org/wiki/Security_(finance)http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Notional_amounthttp://en.wikipedia.org/wiki/Actual_cash_valuehttp://en.wikipedia.org/wiki/Actual_cash_valuehttp://en.wikipedia.org/wiki/Mark_to_modelhttp://en.wikipedia.org/wiki/Mark_to_modelhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Stock_Exchangehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/INRhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/US$http://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/Websitehttp://en.wikipedia.org/wiki/Market_systemhttp://en.wikipedia.org/wiki/Tradehttp://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Derivative_(finance)http://en.wikipedia.org/wiki/Security_(finance)http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Notional_amounthttp://en.wikipedia.org/wiki/Actual_cash_valuehttp://en.wikipedia.org/wiki/Actual_cash_valuehttp://en.wikipedia.org/wiki/Mark_to_modelhttp://en.wikipedia.org/wiki/Mark_to_model


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The stocks are listed and traded on stock exchanges which are entities a corporation or mutual

organization specialized in the business of bringing buyers and sellers of stocks and securities

together. The stock market in the United States includes the trading of all securities listed on the

NYSE, theNASDAQ, the Amex, as well as on the many regional exchanges, e.g. OTCBB and

Pink Sheets. European examples of stock exchanges include the London Stock Exchange, the

Deutsche Borse and the Paris Bourse.

R E S E A R C H O B J E C T I V E

S T A T E M E N T O F P R O B L E M

Are people really getting benefits from the various predictions being made by the analysis?

Objective of the research project

To understand the importance of economic analysis of firm as a producing unit

To learn the role of money, and banking system.

To understand the function of financial system.

To understand the financial, money and capital market.

To explain stock exchange. To explain analysis of equity data.

To review the concept and technique of price and trend analysis

To asses the advantage and disadvantage of stock prediction

If possible to design how stock prediction technique.

To make the people move aware about market
http://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/OTC_Bulletin_Boardhttp://en.wikipedia.org/wiki/London_Stock_Exchangehttp://en.wikipedia.org/wiki/Deutsche_Borsehttp://en.wikipedia.org/wiki/Paris_Boursehttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/NASDAQhttp://en.wikipedia.org/wiki/American_Stock_Exchangehttp://en.wikipedia.org/wiki/OTC_Bulletin_Boardhttp://en.wikipedia.org/wiki/London_Stock_Exchangehttp://en.wikipedia.org/wiki/Deutsche_Borsehttp://en.wikipedia.org/wiki/Paris_Bourse


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L I M I T A T I O N O F S T U D Y

1 . l o t o f e f f o r t s h a v e b e e n u n d e rg o n e t o i m p r ov e t h e p r e d i ca t i on

t e ch n iq u es . l ik e e a r l i e r t h er e w a s o n ly f u nd a me n ta l a n al y s i s

b e i n g u s e d b u t n o w t e c h n i c a l a n a l y s i s h a s c o m e i n t o e x i s t e n c e2 . O nc e t he p eo p l e w ho a re i nv o l ve d i n i t . T he y p la y i t l ik e

g a m b l i n g a n d t h e y t h i nk t h a t i t s s a m e i t i s d i f f i cu l t t o c h a n ge

t h e i r m i n d s e t .

3 . I t s d i f f i c u l t to m a k e p e o p le a w a r e a b o u t t h e ma r k e t k n o w l e d g e

i t i s v e r y v a s t .

4 . L a s t o f t e c h ni c a l t h i ng a r e i n v o l v e d i n i t d i f f i c u l t f o r e v e ry o n e

t o g o t h r o u g h i t .


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CHAPTER- 2

RESEARCH METHODOLOGY


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RESEARCH METHODOLOGY AND LIMITATION

RESEARCH DESIGN

Problem is complex and real in nature, lot of efforts have undergone for the research by meeting

various people and asking them about their experience .various people have undergone huge

losses in the stock market lot of material has been collected from the internet.

The research methodology consisted following steps:

1. DEFINING THE OBJECTIVES:

The aim of this project as has already been mentioned was to sales and analysis of mutual

funds. For this our research contains two parts-

a. To sale the products we have to first generate database on the basis of marketing

research.

b. Analysis of different schemes of share market.

2. DEVELOPING THE RESEARCH PLAN:

This step called for decision on the data sources, sampling plan and contact methods.

DATA SOURCES

Data was collected from primary and secondary data. The various sources are:

i. PRIMARY DATA

This type of data does not exist; it is originated by primary sources like personal interaction or

field back forms, questionnaires that act as tools for collecting data.

ii. SECONDARY DATA


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This type of data already exists, and used to generate information as required. We collect the

secondary data through Internet, books, journals and magazines of the company, various

company broachers, talking with people.

RESEARCH APPROACH

The research approach adopted here was the survey method. But other approaches also used such

as observation research.

3. COLLECTING THE INFORMATION

With respect to primary and secondary data, the information is collected. Primary data tells us

present scenario of financial market. Secondary data means that to get the data from the internet,

company magazines, talking with people and convince.

DATA COLLECTION:

Base on the above questionnaire data are collected by survey methods.

1. SAMPLING METHOD:

The sampling method, which is adopted, is Random Sampling.

2. DATA ANALYSIS:

3. The Analysis of survey has been done on % basis.

DATA COLLECTION

PRIMARY DATA


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The primary data to be selected was based upon the response of the respondents to the

questionnaire designed. The questionnaire designed was given to us from our immediate boss...

The questionnaire consists of closed ended questions.

A part of Questionnaire was targeted to know the personal details of the respondents. Another

part comprised of the self-designed questionnaire and will consist of closed ended questions with

every question having its own importance and meaning.

SECONDARY DATA

The secondary data was collected by referring through web sites, and the final data was analyzed

systematically to achieve the desired result.

DATA ANALYSIS

For analyzing the data obtained after conducting the survey, percentage method was used. All the

views and data obtained were also interpreted as clearly as possible.

STUDY

The present investigation is a descriptive and marketing type of study undertaken to estimate the

comparative study of share market analysis. The present study identifies views of customers &

analysis of share market along with the self-analysis.

SAMPLE SIZE

For the purpose of analysis a sample size of respondents was selected. The target group of the

respondent was job holders and an earning person whatever his/her age may be. The sample size

taken was 60.

SAMPLING METHOD


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The sampling method chosen for the project was Random Sampling. This type of sampling is

also known as chance sampling or probability sampling where each and every item in the

population has an equal chance of inclusion in the sample and each one of the possible samples.

This procedure gives each item an equal probability of being selected.


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CHAPTER 3

INDUSTRY PROFILE


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3.1 HISTORY OF STOCK EXCHANGE

The only stock exchanges operating in the 19 th century were those of Bombay set up in

1876 and Ahmedabad set up in 1894. These were organized as voluntary non profit-making

association of brokers to regulate and protect their interests. Before the control on securities

trading became central subject under the constitution in 1960, it was a state subject and the

Bombay securities contracts (control) Act of 1926 used to regulate trading in securities. Under

this act, the Bombay stock exchange was recognized in 1927 and Ahmedbad in 1937.

During the war boom, a number of stock exchanges were organized in Bombay,

Ahmedbad and other centers, but they were not recognized. Soon after it became a central

subject, central legislation was proposed and a committee headed by A.D. Gorwala went into the

bill for securities regulation. On the basis of the committees recommendations and public

discussion, the securities contracts (regulation) Act became law in 1966.

DEFINITION OF STOCK EXCHANGE

Stock exchange means any body or individuals whether incorporated or not, constituted

for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in

securities.

It is an association of member brokers for the purpose of self-regulation and protecting

the interests of its members.

It can operate only if it is recognized by the Government under the securities contracts

(regulation) Act, 1966. The recognition is granted under section 3 of the Act by the central

government, Ministry of Finance.

BYLAWS


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Besides the above act, the securities contracts (regulation) rules were also made in 1976

to regulative certain matters of trading on the stock exchanges. There are also bylaws of the

exchanges, which are concerned with the following subjects.

Opening / closing of the stock exchanges, timing of trading, regulation of blank transfers,

regulation of Badla or carryover business, control of the settlement and other activities of the

stock exchange, fixating of margin, fixation of market prices or making up prices, regulation of

taravani business (jobbing), etc., regulation of brokers trading, brokerage chargers, trading rules

on the exchange, arbitrage and settlement of disputes, settlement and clearing of the trading etc.

3.2 REGULATION OF STOCK EXCHANGES

The securities contracts (regulation) act is the basis for operations of the stock exchanges

in India. No exchange can operate legally without the government permission or recognition.

Stock exchanges are given monopoly in certain areas under section 19 of the above Act to ensure

that the control and regulation are facilitated. Recognition can be granted to a stock exchange

provided certain conditions are satisfied and the necessary information is supplied to the

government. Recognition can also be withdrawn, if necessary. Where there are no stock

exchanges, the government licenses some of the brokers to perform the functions of a stock

exchange in its absence.

3.3 SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI).

SEBI was set up as an autonomous regulatory authority by the government of India in 1988 to

protect the interests of investors in securities and to promote the development of, and to regulate

the securities market and for matter connected therewith or incidental thereto. It is empowered

by two acts namely the SEBI Act, 1992 and the securities contract (regulation) Act, 1966 to

perform the function of protecting investors rights and regulating the capital markets.

3.4BOMBAY STOCK EXCHANGE


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This stock exchange, Mumbai, popularly known as BSE was established in 1876

as The Native share and stock brokers association, as a voluntary non-profit making

association. It has an evolved over the years into its present status as the premiere stock

exchange in the country. It may be noted that the stock exchanges the oldest one in Asia, even

older than the Tokyo stock exchange, which was founded in 1878.

The exchange, while providing an efficient and transparent market for trading in

securities, upholds the interests of the investors and ensures redressed of their grievances,

whether against the companies or its own member brokers. It also strives to educate and

enlighten the investors by making available necessary informative inputs and conducting

investor education programs.

A governing board comprising of 9 elected directors, 2 SEBI nominees, 7 public

representatives and an executive director is the apex body, which decides is the apex body,

which decides the policies and regulates the affairs of the exchange.

The Exchange director as the chief executive offices is responsible for the daily today

administration of the exchange.

BSE INDICES :

In order to enable the market participants, analysts etc., to track the various ups and

downs in the Indian stock market, the Exchange has introduced in 1986 an equity stock index

called BSE-SENSEX that subsequently became the barometer of the moments of the share prices

in the Indian stock market. It is a Market capitalization weighted index of 30 component stocks

representing a sample of large, well-established and leading companies. The base year of sensex

1978-79. The Sensex is widely reported in both domestic and international markets through print

as well as electronic media.

Sensex is calculated using a market capitalization weighted method. As per this

methodology the level of the index reflects the total market value of all 30-component stocks

from different industries related to particular base period. The total market value of a company is


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determined by multiplying the price of its stock by the nu7mber of shared outstanding.

Statisticians call index of a set of combined variables (such as price and number of shares) a

composite Index. An indexed number is used to represent the results of this calcution in order to

make the value easier to go work with and track over a time. It is much easier to graph a chart

based on Indexed values than on based on actual valued world over majority of the well-known

Indices are constructed using Market capitalization weighted method.

In practice, the daily calculation of SENSEX is done by dividing the aggregate market

value of the 30 companies in the index by a number called the Index Divisor. The divisor is the

only link to the original base period value of the SENSEX. The Devisor keeps the Index

comparable over a period value of time and if the references point for the entire Index

maintenance adjustments. SENSEX is widely used to describe the mood in the Indian stock

markets. Base year average is changed as per the formula new base year average = old base year

average*(new market value / old market value).

3.5 NATIONAL STOCK EXCHANGE

The NSE was incorporated in Nov, 1992 with an equity capital of Rs.26 crs. Theinternational securities consultancy (ISC) of Hong Kong has helped in setting up NSE. ISC hasprepared the detailed business plans and initialization of hardware and software systems. Thepromotions for NSE were financial institutions, insurances, companies, banks and SEBI capitalmarket ltd, Infrastructure leasing and financial services ltd and stock holding corporations ltd.

It has been set up to strengthen the move towards professionalisation of the capital

market as well as provide nation wide securities trading facilities to investors.

NSE is not an exchange in the traditional sense where brokers own and manage the

exchange. A two tier administrative set up involving a company board and a governing aboard of

the exchange is envisaged.

NSE is a national market for shares PSU bonds, debentures and government securities

since infrastructure and trading facilities are provided.


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NSE-NIFTY:

The NSE on Apr22, 1996 launched a new equity Index. The NSE-60. The new Index

which replaces the existing NSE-100 Index is expected to serve as an appropriate Index for the

new segment of future and option.

NIFTY mean National Index for fifty stocks. The NSE-60 comprises fifty companies that

represent 20 board industry groups with an aggregate market capitalization of around Rs 1,

70,000 crs. All companies included in the Index have a market capitalization in excess of Rs. 600

crs each and should have trade for 86% of trading days at an impact cost of less than 1.6%.

The base period for the index is the close of price on Nov 3 1996, which makes one year

of completion of operation of NSEs capital market segment. The base value of the index has

been set at 1000.


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NSE-MIDCAP INDEX

The NSE madcap index or the junior nifty comprises 60 stocks that represent 21st boardindustry groups and will provide proper representation of the midcap segment of the Indian

capital market. All stocks in the Index should have market capitalization of grate than Rs.200 crsand should have traded 86% of the trading days at an impact cost of less than 2.6%.

The base period for the index is Nov 4 1996, which signifies 2 years for completion ofoperations of the capital market segment of the operations. The base value of the Index has beenset at 1000.

Average daily turn over of the present scenario 268212 (Laces) and number of averagedaily trades 2160(Laces).

At present there are 24 stock exchanges recognized under the securities contract

(regulation Act, 1966. They are

Ahmedbad Stock ExchangeBangalore Stock ExchangeBhubaneswar Stock ExchangeCalcutta Stock ExchangeCochin Stock ExchangeCoimbatore Stock ExchangeDelhi Stock ExchangeGuwahati Stock ExchangeHyderabad Stock ExchangeIndore Stock ExchangeJaipur Stock ExchangeKanpur Stock ExchangeLudhiana Sock ExchangeMadras Stock ExchangeMagadh Stock ExchangeMangalore Stock ExchangePune Stock ExchangeUttar Pradesh Exchange Assoc ltdSaurashtra Sock ExchangeVadodhara Stock ExchangeNSEOTCEIInter connected Stock Exchange

PROFILE OF BROKING HOUSE IN THE STOCK MARKET


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K O T A K S E C U R I T I E S :

Kotak securities ltd is India leading stock broking house with a market share of close to 9% as on 31

march 2007. kotak securities ltd has been the largest in IPO distribution.

The company has a full fledged research division involved in macro economic studies sect oral research

and company specific equity research combined with a strong and well networked sales force which helps

deliver current and up to date market information and news

Kotak securities ltd is also a depository participant with national securities depository limited and central

depository service limited .providing dual benefits services where in the investor can use the brokerage

services of the company for executing the transactions and the depository service for settling them.

Kotak securities have 813 outlets servicing more than 315000 customers and a coverage of 277 cities.

Kotak securities com the online division of kotak securities limited offers internet broking services and

also online IPO and mutual fund investment

A Kotak security limited manages assets around 2300 crores of assets under management. The portfolio

management service provides top class service catering to the high end of the market. Portfolio

management from kotak securities comes as an answer to those who would like to grow from

exponentially on the crest of the stock market, with the backing of an expert.


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Sharekhan, the retail broking arm of SSKI group and one of the largest stock broking house in the country

has won the prestigious awaaz consumer vote awards 2005 for the most preferred stock broking brand in

India, in the investment advisors category

Share khan equity related services include trade execution on BSE,NSE derivatives commodities

depository services online trading and investment advice ,.sharekhan online trading and investment site

www.sharekhan.com was launched in 2000 . Sharekhan Bag round network includes over 250 centres

across 123 cities in India and having around 120000 customers and equal number of demat customers.

Sharekhan won the award by vote of customer around the country, as part of India largest consumer studycover 7000 respondents 21 product and service across 21 major cities. the study initiated by awaaz India

first dedicated consumer channel and member of the world wide CNBC network and ac Nielsen org marg

was aimed at understanding the brand preference of the consumer and to decipher what are the most

important loyalty criteria for the consumer in each vertical
http://www.sharekhan.com/http://www.sharekhan.com/


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In order to select the award recipient spontaneous responses rather than prompted responses were

garnered with an intention to glean unbiased preferences.

The reason behind the preferences for brands were unveiled by examines the following:

Tangible features of product /service

Softer, intangible features like imagery, equity driving preference

Tactical measures such as promotional /pricing schemes

ABOUT THE COMPANY

S h a r e K h a n L i m i t e d , a f l a g s h i p b r o k i n g f i r m i n t h e s h a r e m a r k e t ,i s s t r u c t u r e d i n t o s t r a t e g i c b u s i n e s s e s E q u i t i e s , S h a r e ,C o m mo d i t i e s a n d M u t u al f u n d s a r e i n t h i s f i r m . T h e h e a d o f f i c e o f

S h a r e K h a n i s i n t h e M u m b a i , t h i s i s o n e o f t h e b r a n c h e s i n t h e P u n e .T h i s i s o n l y S h a r e a n d E q u i t y b r o k i n g f i r m i n I n d i a . T h i s i s n o t o n l yS h a r e b u t b u l k o f t h e c o m m o d i t i e s , M u t u a l f u n d s . S h a r e k h a n g i v e t om o re i n fo r ma t io n h o w t o i n ve s t i n t h e s h ar e m a rk e t , w h ic h t y p e sm o r e e a r n m o n e y i n t h e t h r o u g h t h e s h a r e m a r k e t .

E s t ab l i sh ed i n 1 95 8 , S ha re K ha n c om mi ss io ne d i t s s ha re s a nd


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e q u i t i e s a t S a t a r a R o a d , P u n e i n 1 9 6 2 a n d h a s t o d a y g r o w n t o b e c o m et h e c o u n tr y s l a r g e s t i n t eg r a te d s h a re t r a ns f e r a n d r a n k s a m o n g t h et o p q u ar t i l e o f l o w b r o k in g i n t r a d a y a n d d e l i v er y c h a r g es i n t h ew o r l d .

W i th a s t r at e g ic i n t en t t o a c h i e v e v e r t i c a l i n t e g ra t i on i n t h e s h a r e b u s i n e s s , S h a r e K h a n a c q u i r e d t w o c a p t i v e m a r k e t s i n N i f t y , B S E a n dNSE.

MEANS OF FINANCING

Financing a company through the sale of stock in a company is known as equity financing.

Alternatively, debt financing (for example issuing bonds) can be done to avoid giving up shares of

ownership of the company. Unofficial financing known as trade financing usually provides the major part

of a company's working capital (day-to-day operational needs). Trade financing is provided by vendors

and suppliers who sell their products to the company at short-term, unsecured credit terms, usually 30

days. Equity and debt financing are usually used for longer-term investment projects such as investments

in a new factory or a new foreign market. Customer provided financing exists when a customer pays for

services before they are delivered, e.g. subscriptions and insurance

MARKET SHARE ANALYSIS
http://wiki/Ownership_equityhttp://wiki/Debthttp://wiki/Bond_(finance)http://w/index.php?title=Trade_financing&action=edit&redlink=1http://wiki/Working_capitalhttp://wiki/Ownership_equityhttp://wiki/Debthttp://wiki/Bond_(finance)http://w/index.php?title=Trade_financing&action=edit&redlink=1http://wiki/Working_capital


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OTHER BENEFITS OF INVESTING IN SHARES?

Because they can make big money on it. Compared to your investments in fixed deposits in banks it

makes more profits, but the bad news is that you are also expected to bear the losses, if any.

1 ) P o s s i b i l i t y o f h i g h r e t u r n s

2 ) E a s y l i q u i d i t y 3 ) U n b e a t a b l e t a x b e n e f i t s

4 ) I n c o m e f r o m d i v i d e n d s

SO HOW DOES ONE BUY SHARES?

. T h e r e a r e b a s i c a l l y t w o w a y s i n w h i c h y o u c a n i n v e s t i n s h a r e s :

Purchase shares fromThe primary market

(I.e. IPO's)


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Trade in theSecondary

Market, i.e.

Stock exchanges

T h e y a r e s e l e c t e d b y t h e I n d e x c o m m i t t e e .

S o m e o f t h e c r i t e r i a t h e y f o l l o w i n c l u d e :

1 ) M a r k e t c a p i t a l i z a t i o n .

2 ) L i q u i d i t y .

3 ) C o n t i n u i t y .

4 ) I n d u s t r y r e p r e s e n t a t io n .

5) Listed history


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COMPUTATION OF STOCK INDEX:

A stock market may either be a price index or a wealth index. In India most of the indices are

using wealth index for computation of stock market.

Company No. of

shares

Market Price on

09/02/06

Market cap

(Rs.)

Market Price on

18/02/06

Market cap

(Rs.)

TATA 10 20/- 200/- 30/- 300/-

INFOSYS 20 30/- 600/- 40/- 800/-

IBM 20 100/- 2000/- 150/- 3000/-


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TOTAL

MARKET

CAP

2800/- 4100/-

Face value=Rs.10/-

Base value=100/-

Index present value=

(100*4100)/2800= 146.428

T h e I n di a I n fo l in e g r ou p , c o mp r is i ng t h e h o ld i ng c o mp a ny , I n di aI n fo l in e L i m i te d a n d i t s w h o l l y - ow n ed s u bs i d i a r i e s , s t r a dd l e t h ee n t i r e f i n an c i a l s e r v ic e s s p a c e w i t h o f f er i n gs r a n g in g f r o m E q u i t yr e se a rc h , E q ui t i e s a n d d e r i v a t i v e s t r a d in g , C o mm o di t i e s t r a d in g ,P o r t f o l i o M a n a g e m e n t S e r v i c e s , M u t u a l F u n d s , L i f e I n s u r a n c e , F i x e dd e po s i t s , G o I b o nd s a n d o t he r s m al l s a vi n gs i n s t r um e nt s t o l o an p r o d u c t s a n d I nv e s t m en t b a n k i ng . I n d i a I n f o l in e a l s o o w n s a n d

m a n a g e s t h e w e b s i t e s h t t p : / / w w w . i n d i a i n f o l i n e . c o m /a n dh t t p : / / w w w . 5 p a i s a . c o m /

T h e c o m p a n y h a s a n e t w o r k o f 7 5 8 b u s i n e s s l o c a t i o n s ( b ra n c h e s a n ds u b- b ro k er s ) s p r e ad a c ro s s 3 4 6 c i t i e s a n d t o wn s . I t h a s m o re t h an8 0 0 , 0 0 0 c u s t o m e r s

I n d i a I n f o l i n e L i m i t e d i s l i s t e d o n b o t h t h e l e a d i n g s t o c k e x c h a n g e si n I n d i a , v i z . t h e S t o c k E x c h a n g e , M u m b a i ( B S E ) a n d t h e N a t i o n alS t o c k E x c h a ng e ( N S E ) a n d i s a l s o a m e m b er o f b o t h t h e e x c h a n g e s .I t i s e n g a g e d i n t h e b u s i n e s s e s o f E q u i t i e s b r o k i n g , W e a l t h A d v i s o r y

S e r v i ce s a n d P o r t f o l io M a n ag e m en t S e r v i ce s . I t o f f e r s b r o k i ngs e r v i c e s i n t h e C a s h a n d D e r i v a t i v e s s e g m e n t s o f t h e N S E a s w e l l a st h e C a s h s e g m e n t o f t h e B S E . I t i s r e g i s t e re d w i t h N S D L a s w e l l a sC D S L a s a d e p o s i t o r y p a r t i c i p a n t , p r o v i d i n g a o n e - s t o p s o l u t i o n f o r c l i en t s t r a d i n g i n t h e e q u i t i es m a r ke t . I t h a s r e c e n t ly l a u n ch e d i t sI n v e s t m e n t b a n k i n g a n d I n s t i t u t i o n a l B r o k i n g b u s i n e s s .
http://www.indiainfoline.com/http://www.5paisa.com/http://www.indiainfoline.com/http://www.5paisa.com/


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B o na n za i s a l ea d in g F i na n ci a l S e rv i ce s & B r ok e ra g e H o us e w i tha c k n o w l e d g e d i n d u s t r y L e a d e r s h i p i n e x e c u t i o n a n d c l e a r i n g s e r v i c e so n E x c h a n g e T r a d e d D e r i v a t i v e s a n d c a s h m a r k e t p r o d u c t s .

K e y e l em e nt s t h at p l ac e B o na n za a m on g s t t h e l e ad i ng B r ok e ra g eH o u s es a n d m a k e i t t h e p r e fe r r ed s e r v ic e p r o v i d e r f o r v a l u e b a s e df i n a n c i a l s e r v i c e s a r e :

A Client-driven foundation and strategy committed to client-specific investment needs

and objectives. Integrated and innovative use of Technology enabling clients to trade offline,online and

Strategic tie-ups with latest technology partners to facilitate trading access and directprocessing across more than 900 Branches spread over 310 cities .

Client-focused philosophy backed by memberships of all principal Indian Stock andCommodity Exchanges makes Bonanza a preferred service provider in the Industry forvalue based services.


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B o n a n z a c o n f i d e n t l y s t e e r s y o u t h r o u g h a c h a l l e n g i n g F i n a n c i a l a n dT r a d e M a r k e t e v e r y m o m e n t , w h e t h e r y o u a r e p r e s e n t o r n o t !

EQUITY

B e in g a m e mb e r o f t h e N a t i o na l S t oc k E x ch a ng e ( N SE ) , B o mb a yS t o c k E x c h a n g e ( B S E ) a n d d e a l e r w i t h O v e r t h e C o u n t e r E x c h a n g e o f I n d i a ( O T C E I ) w e h a n d l e y o u r t r a d i n g n e e d s , t h r o u g h a n e t w o r k o f e x p e r i e n c e d d e a l e r s a c r o s s t h e c o u n t r y , a n d t h r o u g h o u r c o m p r e h e n s i v e w e b s i t e .

US The Karvy group was formed in 1983 at Hyderabad, India. Karvy ranks among the top player in

almost all the fields it operates. Karvy Computershare Limited is Indias largest Registrar and Transfer

Agent with a client base of nearly 500 blue chip corporates, managing over 2 crore accounts. Karvy Stock

Brokers Limited, member of National Stock Exchange of India and the Bombay Stock Exchange, ranks

among the top 5 stock brokers in India. With over 6,00,000 active accounts, it ranks among the top 5

Depositary Participant in India, registered with NSDL and CDSL. Karvy Comtrade, Member of NCDEXand MCX ranks among the top 3 commodity brokers in the country. Karvy Insurance Brokers is

registered as a Broker with IRDA and ranks among the top 5 insurance agent in the country. Registered

with AMFI as a corporate Agent, Karvy is also among the top Mutual Fund mobilizer with over Rs. 5,000

crores under management. Karvy Realty Services, which started in 2006, has quickly established itself as

a broker who adds value, in the realty sector. Karvy Global offers niche off shoring services to clients in

the US.

Karvy has 575 offices over 375 locations across India and overseas at Dubai and New York. Over 9,000

highly qualified people staff Karvy.


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OUR VALUES

T o b e f a i r , e m p a t h e t i c a n d r e s p o n s i v e i n s e r v i n g o u r c u s t o m e r s

T o r e sp e c t a n d r e in f or c e o u r f e l l ow e m pl o ye e s a n d t h e p o w e r o f t e a m w o r k

T o s t r i v e r e l e n t l e s s ly t o i m p r o v e w h a t w e d o a n d h o w w e d o i t .

T o a l w a y s e a r n a n d b e w o r t h y o f o u r c u s t o m e r ' s t r u s t

THE JOURNEY

Emkays institutional clientele includes some of the largest players in the Fund Management business. A

partial list is provided below.

1. Birla Sun life Mutual Fund2. Deutsche Asset Mgt (India) Pvt. Ltd3. Franklin Templeton Mutual Fund4. HDFC Standard Life Mutual Fund5. Prudential ICICI Mutual Fund6. TATA Mutual Fund

Emkay has considerable strength and Domain Knowledge in the booming Derivatives market

1. The first Sensex Futures Contract was executed by Emkay on June 09, 2000.2. Mr... Prakash Kacholia, Director of Emkay was a member of the first Governing council on

derivatives segment of BSE.3. He has been the moving spirit behind Indias first EXCHANGE TRADED FUND named SPICE

based on the BSE SENSEX launched by Prudential ICICI MF


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COMMODITY FUTURES TRADING THROUGH:

C O M M O D I T Y M A R K E T

I n di a h a s a d e ep i n gr a in e d k n ow l ed g e i n c o mm o di t yt r a d i n g ( a n d p a r t i c u l a r l y f o r w a r d t r a d i n g i nc o m m o d i t i e s ) , e s p e c i a l l y i n t h e i n t e r i o r h e a r t l a n d . F o r l a s t 4 0 y e a r s o r s o , s u c h f o r w a r d ( f u t u r e s ) t r a d i n g w a sb a n n e d i n t h e c o u n t r y f o r a v a r i e t y o f r e a s o n s a n d i t i s b ei ng r e vi v ed n ow . T he b an h as m ea nt t h a t t w og e n e r a t i o n s h a v e l o s t t o u c h w i t h t h e t r a d i n g s k i l l s a n dt h e r e l a t e d k n o w l e d g e l e v e l s i n t h e c o m mo d i ty s p a c e.F o r t u na t e l y m u ch o f t h e s k i l l s e ts h a ve m i g r a t e d t o

s t o c k e x c h a n g e s .

I n t h es e i n te r ve n in g y e ar s , s o me r e gi o na l e x ch a ng e ss p e c ia l i z i n g i n s p e ci f i c c o m m od i t i e s , w h e re t h e b a n sw er e l i f te d , h av e c ar r i ed o n t he b a t on . A ls o l a r gei n f o r m a l t r a d i n g , p r i m a r i l y b y t h e s p e c u l a t i v e s e g m e n to f t h e u n iv e r s e o f m a rk e t p a r t i c i pa n t s h a s r e ma i ne d .T h i s h a s l ed t o a m i n d s e t i n t h e c om mo n m an i n t h ec o u n t r y t h a t c o m m o d i t y e x c h a n g e s a r e p u r e l ys p e c u l a t i v e i n n a t u r e . T h e h e d g i n g a n d p r i c e d i s c o v e r yf u n c t i o n s t h a t t h e y p e r f o r m a r e l a r ge l y i g n o re d t o d ay

b y t h e c r o s s s e c t i o n o f t h e p o p u l a t i o n .

O u r e n d e a v o r i s t o r e a c h t o t h e p r o d u c e rs , e n d - u s e r s ,a n d e v en t h e r e ta i l i n ve s to r s , a t a g r as s r o o t s l e ve l .E du ca t i on a nd a wa re ne ss h as a k ey r o l e t o p la y i na c h i e v i n g t h i s v i s i o n

W H Y C O M M O D I T Y M A R K E T ?

C o mm o di t y d e r i v a t i v e s r e co r ds h i gh v o lu m es i n t h em a r k e t s t h e w o r l d o v e r c o m p a r e d t o e q u i t y d e r i v a t i v e s .

I n a n e r a w h e r e r i s k s t o i n v e s t m e n t s a r e o n t h e r i s e a n dI n d ia b e i n g p r e d o m i na n t ly a n a g r a r i a n e c o n o my , n e e d st o s w i t c h t o c o mm o di t y d e r i v a t i v es t o t o p t h e l i s t o f d e v e l o p e d n a t i o n s .


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U N D E R S T A N D I N G T H E C O M M O D I T I E S M A R K E T S

I n di a n m a rk e t s h a ve r e ce n t l y t h ro w n o p en a n e w a v e n u e f o r r e ta i li n ve s to r s a n d t r a d e r s t o p a r t i ci p a t e : c o mm o di t y d e r i v a t i v e s . F o r t h o se w h o w a n t t o d i v e rs i f y t h e i r p o r t f o l i o s b e y o n d s h a re s , b o n d sa n d r e a l e s t a t e , c o m m o d i t i e s i s o n e o f t h e b e s t o p t i o n s .C o m m o d i t i e s a c t u a l l y o f f e r i m m e n s e p o t e n t i a l t o b e c o m e a s e p a r a t ea s s e t c l a s s f o r m a r k e t - s a v v y i n v e s t o r s , a r b i t r a g e u rs a n d s p e c u l a t o r s .C o m m o d i t i e s a r e e a s y t o u n d e r s t a n d a n d a r e b a s e d o n t h ef un da me nt a l s o f d em an d a nd s up p l y . R e t a i l i nv es to r s s ho u l du n d e r s t an d t he r i s ks a nd a dv a n t a g e s o f t r a d i ng i n c o m mo d i t i e s

f u tu r es b e fo r e t ak i ng a l e ap . H i s t or i c a l l y , p r ic e s i n c o mm o di t ie sf u t u r e s h a v e b e e n l e s s v o l a t i l e c o m p a r e d w i t h e q u i t y a n d b o n d s , t h u s p r o v i d i n g a n e f f i c i e n t p o r t f o l i o d i v e r s i f i c a t i o n o p t i o n .

Like any other market, the one for commodity futures plays a valuable role in information pooling and

risk sharing. The market mediates between buyers and sellers of commodities thus making the underlying

market more liquid

Motilal Oswal Securities Ltd. was founded in 1987 as a small sub-broking unit, with just two people

running the show. Focus on customer-first-attitude, ethical and transparent business practices, respect for

professionalism, research-based value investing and implementation of cutting-edge technology has

enabled us to blossom into an almost 2000 member team.

Today we are a well diversified financial services firm offering a range of financial products and services

such as

Wealth Management

Broking & Distribution Commodity Broking

Portfolio Management Services Institutional Equities

Private Equity

Investment Banking Services and Principal Strategies


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We have a diversified client base that includes retail customers (including High Net worth Individuals),

mutual funds, foreign institutional investors, financial institutions and corporate clients. We are

headquartered in Mumbai and as of June 30, 2008, had a network spread over 450 cities and towns

comprising 1,496 Business Locations operated by our Business Partners and us. As at June 30, 2008, we

had 486,648 registered customers.

In 2006, the Company placed 9.48% of its equity with two leading private equity investors based out of

the US New Vernon Private Equity Limited and Bessemer Venture Partners.

The company got listed on BSE and NSE on September 9, 2007. The issue which was priced at Rs.825

per share (face value Rs.5 per share) got a overwhelming response and was subscribed 27.18 times in

turbulent market conditions. The issue gave a return of 21% on the date of listing.

As of end of financial year 2008, the group networth was Rs.7 bn and market capitalization as of March

31, 2008 was Rs.19 bn.

For year ended March 2008, the company showed a strong top line growth of 91% to Rs.7 bn as

compared to Rs.3.68 bn, last year. New businesses like investment banking, asset management and fund

based activities have contributed to this growth.

Rs. Crores FY 2007- 08 Growth (YoY)

Total Revenues 701 91%

EBIDTA 270 97%

PAT 156 100%

Credit rating agency Crisil has assigned the highest rating of P1+ to the Companys short-term debt

program.

Shareholding Pattern at on June 30, 2008

As of 30th June, 2008; the total shareholding of the Promoter and Promoter Group stood at 70.37%. Theshareholding of institutions stood at 9.78% and non-institutions at 12.26%.

OUR BUSINESS STREAMS
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Our businesses and primary products and services are:

WEALTH MANAGEMENT

Financial planning for individual, family and business wealth creation and management needs. These are

provided to customers through our Wealth Management service called Purple

BROKING & DISTRIBUTION SERVICES

Equity (cash and derivatives)

Commodity broking Portfolio Management Services Distribution of financial products

Financing Depository Services

IPO distribution

We offer these services through our branches, Business Partner locations, the internet and mobile

channels. We also have strategic tie-ups with State Bank of India and IDBI Bank to offer our online

trading platform to its customers.

COMMODITY BROKING

Through Motilal Oswal Commodities Broker (P) Ltd our fully owned subsidiary; we provide commodity

trading facilities and related products and services on MCX and NCDEX. Besides access to the best of

research in the form of Daily Fundamentals & Technical Reports on highly traded commodities, our

clients also get access to our exclusive Customized Trading Advice on both the trading platforms. Weoffer these services through our branches, Business Partner locations, the internet and mobile channels

PORTFOLIO MANAGEMENT SERVICES
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Motilal Oswal Portfolio Management Services offer a range of investments solutions through

discretionary services. We at Motilal Oswal have helped create wealth for our customers through our

Portfolio Management Services. Our knowledge of the markets together with our understanding of our

customers and their risk profiles has helped us design a range of portfolio offerings for our clients. These

include theValue PMS,Bulls Eye PMS, Trillion Dollar Opportunityand Focused Portfolio Series I. As ofJune 30th, 2008, the assets under management of our various portfolio schemes stood at Rs.6.92 bn.

Motilal Oswal group has applied to the regulatory bodies for a license to operate as a Domestic Asset

Management Company (Mutual Fund) and we expect to begin operations soon.

INSTITUTIONAL EQUITIES

We offer equity broking services in the cash and derivative segments to institutional clients in India and

overseas. These clients include companies, mutual funds, banks, financial institutions, insurance

companies, and FIIs. As at March 31, 2008, we were empanelled with over 300 institutional clients

including 191 FIIs. We service these clients through dedicated sales teams across different time zones.

I N V E S T M E N T B A N K I N G

We offer financial advisory services relating to mergers and acquisitions (domestic and cross-border),

divestitures, restructurings and spin-offs through Motilal Oswal Investment Advisors Private Ltd.

(MOIAPL)

We also offer capital raising and other investment banking services such as the management of public

offerings, private placements (including qualified institutional placements), rights issues, share buybacks,

open offers/delistings and syndication of debt and equity.

MOIAPL has closed 23 transactions in 2007-08 worth US$ 1.8 billion and had 18 mandates in hand as at

March 31, 2008.

PRIVATE EQUITY

In 2006, our private equity subsidiary, Motilal Oswal Venture Capital Advisors Private Ltd (MOVCAPL)

was appointed as the investment manager and advisor to a private equity fund, India Business Excellence

Fund, which was launched with a target of raising US$100 mn. The fund is aimed at providing growth
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capital to small and medium enterprises in India, with investments typically in the range of US$3 mn to

US$7 mn.

MOVCAPL will manage and advise the fund and other private equity funds, which may be raised in the

future. In its final closing, in December 2007, the fund obtained commitments of US$125 mn (Rs.4,875

mn) from investors in India and overseas. The Fund has deployed/ committed $ 58 mn across 8 deals.

MOVCAPL has recently launched an INR 750 crores domestic Real Estate Private Equity Fund called

India Realty Excellence Fund sponsored by Motilal Oswal Financial Services Ltd.

PRINCIPAL STRATEGIES GROUP

For effective management of treasury operations and to capitalize on market opportunities, the Group has

set up a 30 member team which would be responsible for effective deployment of funds into differenttrading and arbitrage strategies.

FOCUS ON RESEARCH

Research is the solid foundation on which Motilal Oswal Securities advice is based. Almost 10% of

revenue is invested on equity research and we hire and train the best resources to become advisors. At

present we have 28 equity analysts researching over 27 sectors. From a fundamental, technical andderivatives research perspective; Motilal Oswal's research reports have received wide coverage in the

media (over a 1000 mentions last year). Our consistent efforts towards quality equity research has

reflected in an increase in the ratings and rankings across various categories in the AsiaMoney Brokers

Poll over the years

Our unique Wealth Creation Study, authored by Mr. Raamdeo Agrawal, Managing Director, is now in its

13th year. Investors keenly await this annual study for the wealth of information it has on the companies

that created wealth during the preceding five years.

S T R O N G M A N A G E M E N T T E A M

T h e o r g a n i z a t i o n f i n d s i t s s t r e n g t h i n i t s t e a m o f y o u n g , t a l e n t e d a n dc o n f id e n t i n d iv i d u a ls . Q u a l i f i e d p r o f es s io n a l s c a r ry o u t d i f fe r e n tf u nc t io n s u n de r t h e a b le l e ad e r s h ip o f i t s p r om o te r s , M r . M o t i l alO sw al a nd M r . R aa md eo A gr aw al . O ur t a l en te d p oo l o f p e o p l e
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c om p ri s es q ua l i f i ed a nd e xp er i e nc ed p ro fe ss io na l s w i th a ne s t a bl i s h ed t r a ck r ec or d . W e b el i e v e t h a t o ur m a na g em e nt ' se n t r e p r e n e u r i a l s p i r i t , s t r o n g t e c h n i c a l e x p e r t i s e , l e a d e r s h i p s k i l l s ,i n s ig h t i n t o m a r k e t / c u s to m e r n e e d s p r o v id e u s w i t h a c o m p et i t iv es t r e n g t h w h i c h w i l l h e l p u s i m p l e m e n t o u r b u s i n e s s

Religare Enterprises Limited (REL), is one of the leading integrated financial services groups of India.

RELs businesses are broadly clubbed across three key verticals, the Retail, Institutional and Wealth

spectrums, catering to a diverse and wide base of clients.

REL offers a multitude of investment options and a diverse bouquet of financial services and has a pan

India reach in more than 1550 locations across more than 460 cities and towns.

As part of its recent initiatives, the group has also started expanding globally and has acquired Londonsoldest brokerage & investment firm, Hichens, Harrison & Co. plc. Following this acquisition Religare

now proposes to operate out of 10 countries. With a view to expand, diversify and introduce offerings

benchmarked against global best practices, Religare has entered into joint ventures with the global major-

Aegon for its Asset Management and Life Insurance businesses in India.

Religares wealth management subsidiary is now rechristened as Religare Macquarie Wealth

Management Limited, following a joint venture with the Australia based financial services major,

Macquarie Bank. Religare has also partnered with Vistaar Entertainment to launch Indias first Film

Fund.

The vision is to build Religare as a globally trusted brand in the financial services domain and present it

as the Investment Gateway of India. All employees of the group guided by an experienced andprofessional management team are committed to providing financial care, backed by the core values of

diligence and transparency.

OUR GROUP STRUCTURE


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Religare Enterprises Limited

R e l i g a r e S e c u r i t i e s L i m i t e d -

Equity Broking Portfolio Management Services

Depository

Online Investment Portal Institutional Equity Broking

R e l i g a r e F i n e v e s t L i m i t e d -

L e n d i n g a n d D i s t r i b u t i o n b u s i n e s s

R e l i g a r e C o m m o d i t i e s L i m i t e d

C o m m o d i t y B u s i n e s s

R e l i g a r e I n s u r a n c e B r o k i n g L i m i t e d -

Life and Non Life Insurance

Reinsurance

R e l i g a r e C a p i t a l M a r k e t s L i m i t e d

I n v e s t m e n t B a n k i n g

S E B I R e g i s t e r e d M e r c h a n t B a n k e r

A c q u i s i t i o n i n U K t h r o u g h a n i n t e r n a t i o n a l a r m

R e l i g a r e A r t s I n i t i a t i v e L i m i t e d

A r t F u n d a n d o t h e r b u s i n e s s e s o f A r t

G a l l e r y t o b e l a u n c h e d s o o n

R e l i g a r e R e a l t y L i m i t e d


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R e a l E s t a t e M a n a g e m e n t C o m p a n y

R e l i g a r e V e n t u r e C a p i t a l P r i v a t e L i m i t e d

P r i v a t e E q u i t y a n d I n v e s t m e n t M a n a g e r

Religare Macquarie Wealth Management Limited

50: 50 joint ventures with Macquarie for wealth management business

R e l i g a r e A E G O N A M C -

50:50 Joint Venture between REL and Aegon for Asset Management business in India

A E G O N R e l i g a r e L i f e I n s u r a n c e -

Life Insurance Company, Joint Venture between REL, Aegon and BCCL for Life insurance

business in India

E Q U I T Y & D E R I V A T I V E S

T r a d i ng i n E q u i t i e s w i t h R e l ig a r e t ru l y e mp o w e r s y ou f o r y ou r i n ve s t m e nt n ee ds . W e e ns u re y o u h av e a s u pe r l at i v e t r a di n ge x p e r i e n c e t h r o u g h -
http://www.religaresecurities.com/equity_derivatives.asphttp://www.religaresecurities.com/equity_derivatives.asp


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A highly process driven, diligent approach Powerful Research & Analytics and

One of the best in class dealing rooms

F u r t h e r , R e l i g a r e a l s o h a s o n e o f t h e l a r g e s t r e t a i l n e t w o r k s , w i t h i t s p r e s e n c e i n m o r e t h a n 1 3 0 0 l o c a t i o n s a c r o s s m o r e t h a n 4 0 0 t o w n s &c i t i e s . T h i s m e an s , y o u c a n w a l k i n to a n y o f t h es e b r an c he s a n dc o n n e c t t o o u r h i g h l y s k i l l e d a n d d e d i c a t e d r e l a t i o n s h i p m a n a g e r s t og e t t h e b e s t s e r v i c e s .

H o w w i l l w e m a k e t r a d i n g e a s i e r a n d b e t t e r ?P e r s o n a l A s s i s t a n ce

Dedicated Relationship Managers

Dedicated dealers who facilitate trading and serve your post trade needs

I N V E S T M E N T P H I L O S O P H Y

W e b e l i e ve t h a t o u r i n ve s to r s a r e b e t t e r s e rv e d b y a d i sc i p l i n e di n v e s t m e nt a p p r oa c h , w h i ch c o m b in e s a n u n d e rs t a nd i n g o f t h e g o a l sa n d o b j e c t iv e s o f t h e i n v e s to r w i t h a f i n e t u n e d s t r a te g y b a c k e d b yr e s e a r c h .

S to ck s pe ci f i c s e l ec t i on p ro ce du re b as ed o n f un da me nt a lr e s e a r c h f o r m a k i n g s o u n d i n v e s t m e n t d e c i s i o n s .

F o cu s o n m i n i mi z in g i n ve s tm e nt r i sk b y f o l l o wi n g r i g o ro u s

v a l u a t i o n d i s c i p l i n e s . C a p i t a l p r e s e r v a t i o n .

S e l l i n g d i s c i p l i n e a n d u s e o f D e r i v a t i v e s t o c o n t r o l v o l a t i l i t y .

O v e r a l l t o e n h a n c e a b s o l u t e r e t u r n f o r i n v e s t o r s .

O U R S C H E M E S

P A N T H E R

T he P a n t h e r p o r t f o l io a im s t o a c h i e ve h i g h e r r e t u r ns b y t ak i n ga g g r e s s i v e p o s i t i o n s a c r o s s s e c t o r s a n d m a r k e t c a p i t a l i z a t i o n s . I t i ss u i t a b l e f o r t h e H i g h R i s k H i g h R e t u r n i n v e s t o r w i t h a s t r a t e g y t oi n ve s t a c ro ss s e c t o rs a nd t a k e a dv an ta ge o f v ar i o us m ar ke tc o n d i t i o n s .

T O R T O I S E


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T h e T o r t o i s e p o r t f o l i o a i m s t o a c h i e v e g r o w t h i n t h e p o r t f o l i o v a l u eo v e r a p e r i o d o f t i m e b y w a y o f c a r e f u l a n d j u d i c i o u s i n v e s t m e n t i nf u n d am e n ta l l y s o u n d c o m p an i e s h a v i n g g o o d p r o sp e c t s . T h e s c h e mei s s u i t a b l e f o r t h e Me d iu m R i s k M e di u m R e t u rn i n ve s to r w i th as t r a t e g y t o i n v e s t i n c o m p a n i e s w h i c h h a v e c o n s i s t e n c y i n e a r n i n g s ,

g r o w t h a n d f i n a n c i a l p e r f o r m a n c e .

E L E P H A N T

T h e E l e p h a n t p o r t f o l i o a i m s t o g e n e r a t e s t e a d y r e t u r n s o v e r a l o n g e r p e r io d b y i n v e s t i n g i n S e c u r i t i e s s e l ec t e d o n l y f r o m B S E 1 0 0 a n dN S E 1 0 0 i n d e x . T h i s p l a n i s s u i t a b l e f o r t h e L o w R i s k L o w R e t u r n i n v e s t o r w i t h a s t r a t e g y t o i n v e s t i n b l u e c h i p c o m p a n i e s , a s t h e s ec o m p an i e s h a v e s t e ad y p e r f o r m an c e a n d r e d u c e l i q u id i t y r i s k i n t h em a r k e t .

C A T E R P I L L A R

T h e C a t e r p i l l a r p o r t f o l i o a i m s t o a c h i e v e c a p i t a l a p p r e c i a t i o n o v e r al o ng p e r i o d o f t i m e b y i n ve s t i n g i n a d i ve r s i f ie d p o r t f o l i o . T h i ss ch e m e i s s u i t a b l e f o r i nv es t o r s w i t h a h i g h r i s k a pp e t i t e . T h ei n v e s t m e n t s t r a t e g y w o u l d b e t o i n v e s t i n s c r i p s w h i c h a r e p o i s e d t og e t a r e - r a t i n g e i t h e r b e c a u s e o f c h a n g e i n b u s i n e s s , p o t e n t i a l f a n c yf or a p a r t i cu la r s ec to r i n t he c om in g y ea r s /m on th s , b us in es sd i v e rs i f ic a t io n l e a di n g t o a b e t t e r o p e r a t i n g p e r f o r m an c e , s t o ck s i nt h e i r e a r l y s t a g es o f a n u p tu r n o r f o r t h o s e w h ic h a r e i n s e c t o rsc u r r e n t l y i g n o r e d b y t h e m a r k e t .

L E O

L e o i s a i m e d a t r e t a i l c u s t o m e r s a n d s t r u c t u r e d t o p r o v i d e m e d i u m t o

l o ng - te r m c a pi t al a p pr e c i a t i on b y i n ve s t i n g i n s t oc k s a c ro s s t h em a r ke t c a p i t a l iz a t i on r a n g e. T h i s s c h e me i s a m i x o f m o d e ra t e a n da g g r e s s iv e i nv e s tm en t s t r a t eg i e s . I t s a i m i s t o h a v e a b a l an c e d p o r t f o l io c o m p ri s in g s e l ec t e d i n v e s t m e nt s f r o m b o t h T o r to i s e a n dP an th e r . E xp os ur e t o D er iv a t iv es i s t ak en w i t h i n p e r mi ss ib ler e g u l a t o r y l i m i t s .



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W e p r o v i de i nn o v a t i v e , i n t eg r a t e d a n d b e s t - f i t s o l u t io n s t o o u r c o r p o r a t e c u s t o m e r s . I t i s o u r c o n t i n u o u s e n d e a v o r t o p r o v i d e v a l u ee n h an c e me n t t h r ou g h d i v e r se f i n a n c i a l s o l u t io n s o n a n o n g o i ng b a s i s , t h r o u g h o f f e r i n g s l i k e C o r p o r a t e D e b t , P r i v a t e E q u i t y , I P O ,E C B , F C C B , G D R / A D R e t c .

I n v e s t m e n t B a n k i n g w i t h R e l i g a r e o f f e r s t h e f o l l o w i n g s e r v i c e s :

C O R P O R A T E F I N A N C E

W e f o c u s o n f i n d i n g r i g h t a n d r e l e v a n t p a r t n e r s f o r o u r c l i e n t s , w h on o t o n l y h e l p i n a d d i n g v a l u e b u t a l s o i m p r ov e t h e f u t ur e v a l u a t io no f t he o r g a n i z a t io n . W e s pe c i a l i z e i n s t r u c t u r e d f i n a n c i ng a n d p r o v i d i n g a d v i s o r y s e r v i c e s r e l a t e d t o f i n a n c i a l p l a n n i n g , m o d e l i n ga n d a d v i s i n g o n f i n a n c i a l r e q u i r e m e n t s .

M E R C H A N T B A N K I N G

I P O / F P O / R I G H T S

M e r g e r s & A c q u i s i t i o n s

C o r p o r a t e A d v i s o r y S e r v i c e s

A D R / G D R / F C C B

BUY BACK OF SHARE

A B O U T I N D I A B U L L S

Indiabulls is Indias leading Financial Services and Real Estate company having over 640 branches all

over India. Indiabulls serves the financial needs of more than 4,50,000 customers with its wide range of

financial services and products from securities, derivatives trading, depositary services, research &

advisory services, consumer secured & unsecured credit, loan against shares and mortgage & housing

finance. With around 4000 Relationship Managers, Indiabulls helps its clients to satisfy their customized

financial goals. Indiabulls through its group companies has entered Indian Real Estate business in 2005. It

is currently evaluating several large-scale projects worth several hundred million dollars.


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I n d ia b u l l s F i n a nc i a l S e r v i c es L t d i s l i s t e d o n t h e N a t io n a l S t o c k E x c h a n g e , B o m b a y S t o c k E x c h a n g e a n d L u x e m b o u r g S t o c k E x c h a n g e .T h e m a r k e t c a p i t a l i z a t i o n o f I n d i a b u l l s i s a r o u n d U S D 6 , 3 0 0 m i l l i o n( 31 s t D ec e m be r , 2 0 0 7 ) . C on s o l i da t e d n e t w o r th o f t he g r o u p i sa r o u nd U S D 9 0 5 m i l l i o n ( 3 1 s t D e c e m b e r , 2 0 0 7 ) . I n d i ab u l l s a n d i t s

g r o u p c o m p a n i e s h a v e a t t r a c t e d m o r e t h a n U S D 8 0 0 m i l l i o n o f e q u i t yc a p i t a l i n F o r e i g n D i r e c t I n v e s t me n t ( F D I) s i n c e M a r c h 2 0 0 0 . S o m eo f t h e l a r g e s ha r eh o ld e r s o f I n di a bu l ls a r e t h e l a rg e s t f i n a nc i ali n s t i t u t i o ns o f t h e w o r l d s u ch a s F i de l i t y F u nd s , G o ld m an S a ch s ,M e r r i l l L y n c h , M o r g a n S t a n l e y a n d F a r a l l o n C a p i t a l .

Business of the company has grown in leaps and bounds since its inception. Revenue of the company

grew at a CAGR of 159% from FY03 to FY07. During the same period, profits of the company grew at a

CAGR of 184%.

Indiabulls became the first company to bring FDI in Indian Real Estate through a JV with Farallon

Capital Management LLC, a respected US based investment firm. Indiabulls has demonstrated deepunderstanding and commitment to Indian Real Estate market by winning competitive bids for landmark

properties in Mumbai and Delhi.

Indiabulls Financial Services Ltd

Last traded 250.00 Change 18.55 (8.01%)

Time 29 Aug, 16:01 Volume 3300365

Prev Close 231.45 Day 's H/L (Rs) 255.50 - 238.00

Mkt Cap (Rs Cr) 6337.50 52wk H/L (Rs) 1028.00 - 213.00

H O W H O T I S T H I S S T O C K ?

* Computed on last 15 days' trading figures.

Price*

Volume*

MF holdings

Sales

Net profit margin
http://money.rediff.com/money/jsp/company.jsp?companyCode=14010473#mf5%23mf5http://money.rediff.com/money/jsp/company.jsp?companyCode=14010473#mf5%23mf5


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I N D I A B U L L S F I N A N C I A L S E R V I C E S L T D . V S . . .

Action Company Close (Rs)

Compare+

HDFC (Sensex)2,293.05

Compare+

Bajaj Finserv Ltd. (A)520.90

Compare+

Edelweiss Capital Lt (A)543.85

Compare+

IDFC (A)92.45

Compare+

IFCI Ltd. (A)44.30

Compare

+

India Infoline (A) 128.75

Compare+

Indiabulls Securitie (A)68.10

Compare+

LIC Housing Fi (A)326.65

Compare+

Power Finance Co (A)

130.65

Compare+

Reliance Capital (A)1,278.25

M U T U A L F U N D
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Assets Under management as on 31st July 2008

Assets Under management as on 31st July 2008

The Indian mutual fund industry saw an increase in growth with assets under management (AUM) rising

to Rs.18,724 crore. As per the numbers released by the Association of Mutual Funds in India, the industry

asset base for July 2008 stood at Rs. 5,40,623 crore, an increase of 3.59% over Rs. 5,21,899 crore in June

2008. On a year-on-year basis, the industrys growth in assets has been 11%, up from Rs. 4, 86,513.71

crore as of July 2007. In the month of July 2008, the top three funds witnessed a rise in the AUM

including ABN Canara Robeco Mutual Fund (16.36%), JP Morgan Mutual Fund (15.02%) and ABN

AMRO Mutual Fund (14.9%).Net inflow in Mutual Fund is Rs. 9,699 crore.


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A B O U T U S

AnandRathi is a leading full service securities firm providing the entire gamut of financial services. The

firm, founded in 1994 by Mr. AnandRathi, today has a pan India presence as well as an international

presence through offices in Dubai and Bangkok. AR provides a breadth of financial and advisory services

including wealth management, investment banking, corporate advisory, brokerage & distribution of

equities, commodities, mutual funds and insurance, structured products - all of which are supported by

powerful research teams.

The firm's philosophy is entirely client centric, with a clear focus on providing long term value addition to

clients, while maintaining the highest standards of excellence, ethics and professionalism. The entire firm

activities are divided across distinct client groups: Individuals, Private Clients, Corporates and Institutions

and was recently ranked by Asia Money 2006 poll amongst South Asia's top 5 wealth managers for the

ultra-rich.

In year 2007 Citigroup Venture Capital International joined the group as a financial partner

B R O K E R A G E & D I S T R I B U T I O N

Equity & Derivatives Brokerage

AnandRathi provides end-to-end equity solutions to institutional and individual investors. Consistent

delivery of high quality advice on individual stocks, sector trends and investment strategy has establishedus a competent and reliable research unit across the country.

Clients can trade through us online on BSE and NSE for both equities and derivatives. They are supported

by dedicated sales & trading teams in our trading desks across the country. Research and investment ideas

can be accessed by clients either through their designated dealers, email, web or SMS.


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M U T U A L F U N D S

AR is one of India's top mutual fund distribution houses. Our success lies in our philosophy of providing

consistently superior, independent and unbiased advice to our clients backed by in-depth research. We

firmly believe in the importance of selecting appropriate asset allocations based on the client's risk

profile.

We have a dedicated mutual fund research cell for mutual funds that consistently churns out superior

investment ideas, picking best performing funds across asset classes and providing insights into

performances of select funds.

D E P O S I T O R Y S E R V I C E S

AR Depository Services provides you with a secure and convenient way for holding your securities on

both CDSL and NSD

Our depository services include settlement, clearing and custody of securities, registration of shares and

dematerialization. We offer you daily updated internet access to your holding statement and transaction

summary.

CDSL Depository

NSDL Depository

C O M M O D I T I E S

Commodities broking- A whole new opportunity to hedge business risk and an attractive investment

opportunity to deliver superior returns for investors .

Our commodities broking services include online futures trading through NCDEX and MCX and

depository services through CDSL. Commodities broking is supported by a dedicated research cell that

provides both technical as well as fundamental research. Our research covers a broad range of traded

commodities including precious and base metals, Oils and Oilseeds, agri-commodities such as wheat,

chana, guar, guar gum and spices such as sugar, jeera and cotton.

In addition to transaction execution, we provide our clients customized advice on hedging strategies,

investment ideas and arbitrage opportunities.
http://www.rathi.com/individuals/brokerage_distribution/crossLogin1.asphttp://www.rathi.com/individuals/brokerage_distribution/estroLogin1.asphttp://www.rathi.com/individuals/brokerage_distribution/crossLogin1.asphttp://www.rathi.com/individuals/brokerage_distribution/estroLogin1.asp


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I N S U R A N C E B R O K I N G

As an insurance broker, we provide to our clients comprehensive risk management techniques, both

within the business as well as on the personal front. Risk management includes identification,

measurement and assessment of the risk and handling of the risk, of which insurance is an integral part.

The firm deals with both life insurance and general insurance products across all insurance companies.

Our guiding philosophy is to manage the clients' entire risk set by providing the optimal level of cover at

the least possible cost. The entire sales process and product selection is research oriented and customized

to the client's needs. We lay strong emphasis on timely claim settlement and post sales services.

Our services

Risk Management Due diligence and research on policies available

Recommendation on a comprehensive insurance cover based on clients needs

Maintain proper records of client policies Assist client in paying premiums

Continuous monitoring of client account

Assist client in claim negotiation and settlement

I P O s

We are a leading primary market distributor across the country. Our strong performance in IPOs has been

a result of our vast experience in the Primary Market, a wide network of branches across India, strong

distribution capabilities and a dedicated research team

We have been consistently ranked among the top 10 distributors of IPOs on all major offerings. Our IPO

research team provides clients with indepth overviews of forthcoming IPOs as well as investment

recommendations. Online filling of forms is also available.



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AR Investment Banking provides comprehensive services to clients including raising money in the equity

capital markets to identifying strategic alliances, mergers and acquisition opportunities and debt financing

& restructuring advisory.

Corporate Finance

The AR Corporate Finance team helps clients manage their debt-financing needs by profiling business

and cash-flow risks, defining the alternative sources of funding , building in multiple variables such as

currencies, fixed-floating, tenure, collateral etc. in a comprehensive manner and finally negotiating with

the prospective lenders / buyers.

The team has also built an impressive track-record in debt restructuring based on its superior

understanding of business needs and relationships with key lenders.

The Corporate Finance team has handled assignments in businesses like paper, hospitality, telecom,

textiles and sugar.


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CHAPTER 4

COMPANY PROFILE


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Stock Broking business of the group was started in 1995, promoted by professional entrepreneurs

and incubated by the Shriram Group through its entity, Shriram Insight Share Brokers Ltd.

Stock Broking business commenced operations with a corporate membership in NSE in the cash

segment in 1996. Membership in the derivatives segment in the NSE was acquired in 2003.

The Business has expanded into the commodities market with a trading-cum-clearing

membership in the Multi Commodity Exchange (MCX) and the National Commodities and

Derivatives Exchange (NCDEX) through a 100% subsidiary.Stock Broking business is firmly

focused in the rapidly growing High Networth Individual (HNI) and Retail space. Member:

National Stock NSE SEBI Reg. No. : NSE-CM [INB 230947033] | BSE-CM [INB 010947035] ||

NSE-F&O [INF 230947033] ,DP [IN-DP-CDSL-293-2005] ,MCX [Membership No: 10115] |

The business has an active client base of over 1,50,000.The business operates through 1000

branches with equal no. of trading terminals. The business model of Stock Broking largely

focused on owned branches in the initial years and has now graduated into the franchisee mode

of expansion that will cater to PAN India target market. Rapid expansion has been made possible

in this two-pronged strategy of owned and franchised outlets and is expected to have an end-statedistribution, networking over 3000 branches. As the business starts targeting the next level of

mass affluent customers, expanding into wealth management and advisory space, same would

also become a key thrust area that can potentially enhance profitability and shareholder value in

the medium term.

Shiram Insight Logo:

Shiram Insight slogan

About Shiram Insight

The Group has also made investments in Manufacturing, Value Added Services, Project

Development, Engineering Services, Pharmaceuticals, Machined & Auto Components, Press

Dies & Sheet Metal Stamping, Packaging, Information Technology, Property Development etc.

Genesis of the Shriram phenomenon

The 30,000 Cr Shriram Group had its humble beginnings in the Chit Fund business over threedecadesago. R Thyagarajan, AVS Raja and T Jayaraman were the three musketeers whoventured into these businesses. Not many in the financial services industry thought at that time,


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this small Chit Funds business in Chennai would indeed be the foundation for the financialconglomerate that Shriram is today.

The Shriram Way!

Shriram Groups businesses strive to serve the largest number of common people. Considerthese: Commercial Vehicle Financing, Consumer & Enterprise Finance, Retail Stock Broking,

Life Insurance, Chit Funds and Distribution of Investment & Insurance Products. Our foray into

Non-Life (General) Insurance is again a strong expression of this commitment.

About Founder

M r . R T h y a g a r a j a n , F o u n d e r

Chairman of the Shriram Group of Companies - Promoted the Shriram Group Companies in

1974. Today the group has over 15, 000 employees and operating through 700 locations and

manage funds of over 15,000 Crores in the business of financial services including life insuranceand general insurance.

Masters in Mathematics

Masters in Mathematical Statistics from Indian Statistical Institute

Associate of Chartered Insurance Institute (A.C.I.1), London

Visiting faculty of Asian Institute of Insurance, Philippines on Consequential Loss Insurance.

By inculcating the philosophy of putting people first, he has transformed the Shriram Group

into Indias Premier Networked Financial Services Supermarket Chain. The Network Shriram

comprises over 650 Branches and Service Centers, served by more than 6000 employees and60,000 agents committed to ensuring world-class customer service. The Groups aggregate

turnover exceeds Rs. 5000 crores.


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Shiram Insight Milestones

Year Milestone

1974 Commencement of Business - Shriram Chits

1979 Commencement of Business - Shriram Transport Finance Co (STFC)

1982 Commencement of Business - Shriram Investments Ltd

1984 IPO of STFC

1986 Commencement of Business - Shriram City Union Finance Co (SCUF)

1988 IPO of SCUF

1989 Commencement of Business - Shriram Overseas Finance Ltd

1995 Commencement of Business- Shriram Properties Pvt Ltd

1999 Commencement of Business - Shriram Insight Share Brokers Ltd

1999 Citicorp CV financing tie up with STFC

2000 Commencement of Business - Shriram EPC Ltd

2000 Commencement of Business - TAKE Solutions Ltd

2004 Commencement of Business - Shriram Capital Ltd

2005 Entry of Chryscapital as Partner with STFC & EPC

2005 Entry of Sanlam as Life Insurance business partner and commencement of business-

Shriram Life Insurance Co

2006 Merger of Shriram Investments Ltd & Shriram Overseas Finance Ltd with STFC

2006 Commencement of Business - Shriram Fortune Solutions Ltd

2006 Commencement of Business - Shriram Value Services

2006 Entry of TPG as STFC's partner

2007 Shriram EPC's JV with Leitner Technologies for Manufacture of wind turbines


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2007 EPC's foray into Air Pollution Control with Hamon through JV

2007 Orient Green Power was founded by Shriram EPC

2007 IPO of TAKE Solutions Ltd

2008 Commencement of Business - Shriram General Insurance Ltd

2008 IPO of Shriram EPC Ltd

2009 NCD Placement of Rs 10 Bn by STFC

2010 IPO of Orient Green power

Industrial Investments

The Group has also made investments in Manufacturing, Value Added Services, Project

Development, Engineering Services, Pharmaceuticals, Machined & Auto Components, PressDies & Sheet Metal Stamping, Packaging, Information Technology, Property Development etc.

Non-Finanical service:-

Shriram Group has always encouraged entrepreneurship by demonstrating continuous apetite for

investing in start-up manufacturing business.

Our InvestmentThe Group has also made investments in Manufacturing, Value Added Services, Project

Development, Engineering Services, Pharmaceuticals, Machined & Auto Components, Press

Dies & Sheet Metal Stamping, Packaging, Information Technology, Property Development etc.

Shiram group Services


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Financial Services :-

Helping Create Wealth. Empowering people through prosperity. Resulting in inclusive growth.

The relentless pursuit of this mission, since our inception in 1974 has given the Shriram Group

our raison d'tre and our distinct identity. The Groups reputation for effectiveness, transparency

and integrity has helped it to become one of Indias largest Financial Services Network.The

Groups Financial Services Businesses manage assets exceeding Rs.40,000 crores, has 6.5

million clients, served by 1,00,000 Agents and 36,000 employees, through 2700 Branches acrossIndia.Our core financial services businesses are housed under the holding company Shriram

Capital Ltd:

Commercial Vehicle Finance

Life Insurance

General Insurance

Consumer & Enterprise Finance

Financial Product Distribution

Retail Stock Broking

Chit Funds

8/6/2019 -Share Market & Financ

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