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A SUMMER INTERNSHIP PROJECT ON THE DERIVATIVES MARKET
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE THREE YEARS FULL BACHELOR OF BUSINESS ADMINISTRATION IN MANAGEMENT
PREPARED BY;
SONU KUMAR
Batch: 2016-19
UNDER THE GUIDANCE OF;
1)MR. AKSHAY SAXENA 2) MR. AMIT SHARMA
BRANCH HEAD
(SHAREKHAN LTD.)
IME-INSTITUTE OF MANAGEMENT EDUCATION
CERTIFICATE:
This is to certify that “Sonu Kumar” a student of Bachelor of Business Administration, Batch (2016-19) of IME-INSTITUTE OF MANAGEMENT EDUCATION, Roll No. 169389123 has undertaken the Summer Internship Project under my guidance for the Project Title “DERIVATIVES MARKET”. This Project Report is prepared in partial fulfilment for the B.B.A. course in management.
To the best of my knowledge, this research work is original and no part of this report has been submitted by the student earlier to any other institution / university.
Date: ……………………
Faculty Mentor’s Name: ………… (Signature)
ACKNOWLEDGEMENT
The satisfaction of the successful completion of the task wouldn’t be complete without the expression of gratitude to the people who made it possible. I express my gratitude to Mr. Amit Sharma (Branch head) SHAREKHAN LTD, for his support and guidance during the survey. I am very thankful to MR. Rohit faculty IME-INSTITUTE OF MANAGEMENT EDUCATION for the guidance and interest evinced throughout the preparation of this project. I take this opportunity, also to express my love and sincere thanks to my family members and friends for their support and advice during various stage of work. But last not the least I thank God almighty for giving me the support for the completion of the task.
DECLARATION
I Sonu Kumar, Student of IME-INSTITUTE OF MANAGEMENT EDUCATION declare that every part of the project report on the “Derivative Market (A Research report of Sharekhan Ltd.)” that I have submitted is original. The information has been collected from genuine & authentic sources. The project work is done under the supervision of MR. Akshay Saxena. The work has been submitted in the partial fulfilment of the required degree of B.B.A.
Date of Submission of Project: _____________ Place of Submission of Project: _____________
Sonu Kumar
Faculty’s Comments:
TABLE OF CONTENT CHAPTERS
CONTENTS
1
INTRODUCTION TO SHAREKHAN
2
ACHIEVEMEANTS OF SHAREKHAN
3
SHAREKHAN’S CSR
4
BNP PARIBAS
5
INTRODUCTION TO DERIVATIVES
6
OBJECTIVE OF STUDY
7
NEED OF STUDY
8
SCOPE OF STUDY
9
LIMITATIONS OF STUDY
PAGE NUMBERS
TABLE OF CONTENT CHAPTERS
CONTENTS
10
REGULATION OF STOCK EXCHANGES
11
INTODUCTION TO DERIVATIVES
12
TERMS IN DERIVATIVES
13
FUNCTIONS OF THE DERIVATIVES MARET
14
TYPES OF DERIVATIVES
15
Regulation for Derivatives Trading
16
FUTURES
17
OPTIONS
18
BIBLOGRAPHY
PAGE NUMBERS
ABOUT SHAREKHAN
32
ABOUT SHAREKHAN – ALWAYS THE FIRST Founded in 2000 and a subsidiary of BNP Paribas since November 2016, Sharekhan was one of the first brokers to offer online trading in India. With 16 lakh customers, 153 branches and more than 2400 business partners spread across over 575 locations, Sharekhan is one of the largest brokers in India. Sharekhan offers a wide range of savings & investment solutions including equities, futures and options. currency trading, portfolio management, research and mutual funds and investor education. On an average, Sharekhan executes more than 400,000 trades daily Guiding India's retail stock investors for 16 years
Registered with NSE and BSE for capital market, futures and options and currency segments and CDSL and NSDL for depository services. A full-service stock broking firm providing online services right from online account opening to trading and investments. Created India’s best online trading platforms: Website (www.sharekhan.com), TradeTiger (the ultimate desktop trading software), Sharekhan App (available for Android and iOS devices) and Sharekhan Mini (a low bandwidth website especially for mobile browsers) A strong brick-and-mortar network with over 2600 outlets in 575+ cities Research-based financial advice on all asset classes to suit all investing and trading styles Dedicated Education and training courses for investors and traders in association with Online Trading Academy About our group BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees. It has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country. Through its branches in eight key cities — Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune — BNP Paribas offers sophisticated solutions in its three core businesses — corporate and institutional banking, investment solutions and retail banking — many of them in association with strong local partners. The bank also offers services for individual clients in Wealth Management......Read more
AWARDS & RECOGNITION We have earned our stripes We love what we do and our job is satisfying too. Yet, honestly, it feels great every time we are praised by our customers and recognised by distinguished organisations. Here we share some of the many awards we have received for our services, products and initiatives in the past 16 years.
Bloomberg and UTV 2012 Named Best Equity Broker in the Investor Education & Category Enhancement category at the Bloomberg-UTV Financial Leadership Awards by Bloomberg and UTV
Information Week Edge Awards 2011 Awarded in the “IT Security” category at the Information Week Edge Awards
Online Trading Academy 2011 Awarded in five categories, Start-up of the Year, Marketer of the Year, World-class Performance, Silver Center Club and Gold Center Club, at Annual International Conference of OTA by Online Trading Academy
Zee Business 2011 Named Best Pharma Analyst by Zee Business
UTVi and StarMine (2009) Voted among top 10 at StarMine Broker Awards for BSE Sensex Recommendation by UTVi and StarMine
CNBC Awaaz (2005) Named Most Preferred Stock Broker Brand at Awaaz Consumer Awards by CNBC Awaaz
OUR GEOGRAPHICAL PRESENCE We are present in 525 cities, 28 states Though with time our website, www.sharekhan.com, has evolved into a one-stop shop for financial products and services, in the past 16 years we have also built a large network of 2,268 brick-and-mortar outlets in 525 cities across 28 states because we respect our customers’ need for a human-to-human experience and love to connect to them at a personal level.
SHAREKHAN: MAKING A DIFFERENCE QUIETLY In a remote hamlet near village Vadivelampalayam, bright little Nandhini would often dream of going to school to learn about the bigger world outside. But her father Ganeshamoorthy, an agricultural labourer, was not able to fulfill her dream because the nearest school was about 12.5km away and there was no direct transport from their place to the school. With a sense of regret and tearful eyes Nandhini would watch the older children take an overcrowded state government bus (the only one to the city) to go to school every day. Then, one day a miracle happened. Nandhini ran up to her father and described to him how a bus had come all the way to the hamlet to pick up the school’s students. On making enquiries her father learnt that the school had indeed started a bus service for the students in the area! Nandhini’s dream was about to come true. Her father enrolled her at the school and today Nandhini, a student of Lower Kindergarten, travels to school safely and dares to dream of a better life. Not many know that Sharekhan is the reason why Nandhini and many other children residing within a radius of about 25km of Isha Vidhya Matriculation School in Sandegoundenpalayam village of Coimbatore can now look forward to a brighter future. Social responsibility has always been at the core of Sharekhan’s business model and the company quietly funded the purchase of three new SML S7 buses for the school in September this year.
A B O U T B N P PA R I B A S G R O U P BNP Paribas Group, as it is today, was formed in 2000 as a result of the merger of Paribas Investment Bank and BNP (Banque Nationale de Paris), the no. 1 bank in France
THE BANK FOR A CHANGING WORLD A leading bank in Europe, BNP Paribas has strong roots anchored in Europe’s banking history. It supports clients and employees in today’s changing world. Moreover, it is positioned as a leading bank in the Eurozone and a prominent international banking institution.
192,419 EMPLOYEES
75
COUNTRIES
€42.9
BILLION IN REVENUE
€6.7
BILLION NET PROFIT
AWARDS The Asset, Triple A Treasury, Trade and Risk Management Awards 2016
Best Bank for Overall Service Category for Liquidity Management, India Best Working Capital Solution, India for Novateur Electrical & Digital Systems Private Limited Best Cash Management Solution, India for Publicis Groupe
BNP PARIBAS IN INDIA The BNP Paribas group has had a presence in India for over 150 years and was established in Kolkata in 1860. Unparalleled experience of the Indian market set it among the leading corporate banks in the country. Through its branches in Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune — BNP Paribas offers solutions in — corporate and institutional
banking, investment solutions and retail banking in association with strong local partners. The bank also offers services for individual clients in Wealth Management. YEARS IN INDIA
150 8 13
CITIES
SUBSIDIARIES &
JVS IN INDIA
CSR Since 2012 BNP Paribas' responsibility policy has been built on four pillars with 12 commitments. In 2015 the Group updated the commitments to better reflect the changes in Corporate Social Responsibility (CSR) issues, as well as the bank's specific initiatives. All of the group's business lines, networks, subsidiaries and countries apply this policy. They use the same structure while adapting it to their specific characteristics.
01 OUR ECONOMIC RESPONSIBILITY 1. Investments and financing with a positive impact. 2. Ethics of the highest standard.
3. 02
Systematic integration and management of environment, social and government risks
OUR SOCIAL RESPONSIBILITY 1. Promotion of diversity and inclusion in the workplace. 2. A good place to work and responsible employement management.
3.
Information as your would like to see, it is all about spotting Trends & trading opportunities
03 OUR CIVIC RESPONSIBILITY 1. Products and services that are widely accessible. 2. Combat social exclusion and support human rights. 3. Corporate philanthropy policy focused on the arts, solidarity and the environment
04 OUR ENVIRONMENTAL RESPONSIBILITY 1. Partnering with our clients in the transition to a low-carbon economy. 2. Reduce the environmental impact of our operations. 3. Advance awareness and sharing of best environmental practices
4.1 SHAREKHAN Sharekhan is one of India's largest and leading financial services companies. It is an online stock trading company of SSKI Group (S.S. Kantilal Ishwarlal Securities Limited) which has been a provider of India-based investment banking and corporate finance service for over 80 years. SSKI caters to most of the prominent financial institutions, foreign and domestic, investing in Indian equities. It has been valued for its strong research-led investment ideas, superior client servicing track record and exceptional execution skills. The key features of sharekhan are as follows:
You get freedom from paperwork.
There are instant credit and money transfer facilities.
You can trade from any net enabled PC.
After hour orders facilities.
You can go for online orders over the phone.
Timely advice and research reports Real-time Portfolio tracking.
Information and Price alerts.
Sharekhan provides assistance and the advice like no one else could. It has created special information tools to help answer any queries. Sharekhan‟s first step program, built specifically for new investors, is testament to of its commitment to being your guide throughout your investing life cycle. 33
4.2 SHAREKHAN SERVICES: The tag line of Sharekhan says that it is your guide to the financial jungle. As per the tag line there are many amazing services that Sharekhan offers like technical research, fundamental research, share shops, portfolio management, dial-n-trade, commodities trade, online services, depository services, equity and derivatives trading (including currency trading). With Sharekhan‟s online trading account, you can buy and sell shares at anytime and from anywhere you like. With a physical presence in over 300 cities of India through more than 800 "Share Shops" with more than 3000 employees, and an online presence through Sharekhan.com, India's premier, it reaches out to more than 8, 00,000 trading customers. A Sharekhan outlet online destination offers the following services:
Online BSE and NSE executions (through BOLT & NEAT terminals)
Free access to investment advice from Sharekhan's Research team
Sharekhan Value Line (a monthly publication with reviews of recommendations, stocks to watch out for etc) Daily research reports and market review (High Noon & Eagle Eye)
Pre-market Report (Morning Cuppa)
Daily trading calls based on Technical Analysis
Cool trading products (Daring Derivatives and Market Strategy) Personalized Advice
Live Market Information
Depository Services: Demat Transactions
34
Derivatives Trading (Futures and Options)
Commodities Trading
IPOs & Mutual Funds Distribution
Internet-based Online Trading: Speed Trade
Sharekhan has one of the best state-of-art web portals providing fundamental and statistical information across equity, mutual funds and IPOs. Surfing can be done across 5,500 companies for in-depth information, details about more than 1,500 mutual fund schemes and IPO data. Other market related details such as board meetings, result announcements, FII transactions, buying/selling by mutual funds and much more can also be accessed. It provides a complete life-cycle of investment solution in Equities, Derivatives, Commodities, IPO, Mutual Funds, Depository Services, Portfolio Management Services and Insurance. It also offers personalized wealth management services for High Net worth individuals. 4.3 ONLINE SERVICES The online trading account can be chosen as per trading habits and preferences, that is the classic account for most investors and speed trade for active day traders. Sharekhan also provides a free software called “Trade tiger” to all its account holders. The Classic Account enables you to trade online for investing in Equities and Derivatives on the NSE via sharekhan.com; it gives access to all the research content and also comes with a free Dial-n-Trade service enabling to buy shares using the telephone.
35
Its features are:
Streaming quotes (using the applet based system) Multiple watch lists
Integrated Banking, demat and digital contracts Instant credit and transfer
Real-time portfolio tracking with price alerts and, of course, the assurance of secure transactions The Trade Tiger is a next-generation online trading product that brings the power of the
broker's terminal to your PC. It's the perfect trading platform for active day traders. Its features are:
NCDEX, Mutual Funds, IPO‟s
A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX,
Multiple Market Watch available on Single Screen
Multiple Charts with Tick by Tick Intraday and End of Day Charting powered with various Studies Graph Studies include Average, Band- Bollinger, Know Sure Thing, MACD, RSI, etc Apply studies such as Vertical, Horizontal, Trend, Retracement & Free lines
User can save his own defined screen as well as graph template, that is, saving the layout for future use User-defined alert settings on an input Stock Price trigger
Tools available to gauge market such as Tick Query, Ticker, Market Summary, Action Watch, Option Premium Calculator, Span Calculator 36
Shortcut key for FAST access to order placements & reports
Online fund transfer activated with 12 Banks
Sharekhan provides you the facility to trade in Commodities through Sharekhan Commodities Pvt. Ltd. a wholly owned subsidiary of its parent SSKI. It trades on two major commodity exchanges of the country:
Multi Commodity Exchange of India Ltd, Mumbai (MCX) and National Commodity and Derivative Exchange, Mumbai (NCDEX).
For trading in any commodity, initial margin of around 10% on any commodity is to be maintained. Sharekhan has launched its own commodity derivatives micro-site. The site is available through the Sharekhan home page www.sharekhan.com. Along with the site Sharekhan has launched several commodity derivatives products (both research and trading) too. The products have been listed below:
Commodities Buzz: a daily view on precious metals and agro commodities. Commodities Beat: a summary of the days trading activity.
Traders Corner: Under commodity trading calls, there are two types of trading calls:
Rapid Fire: (short-term calls for 1 day to 5 days updated daily)
Medium-term Plays: (medium-term calls for 1 month to 3 months updated weekly or in between if needed)
Sharekhan Exclusive: the commodity research reports and analyses (periodical). Market Scan: the daily commodity market data and statistics (end of day).
All these products are both e-mailed as newsletters and published on the commodity derivatives site
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE THREE YEARS FULL BACHELOR OF BUSINESS ADMINISTRATION IN MANAGEMENT
PREPARED BY;
SONU KUMAR
Batch: 2016-19
UNDER THE GUIDANCE OF;
1)MR. AKSHAY SAXENA 2) MR. AMIT SHARMA
BRANCH HEAD
(SHAREKHAN LTD.)
IME-INSTITUTE OF MANAGEMENT EDUCATION
CERTIFICATE:
This is to certify that “Sonu Kumar” a student of Bachelor of Business Administration, Batch (2016-19) of IME-INSTITUTE OF MANAGEMENT EDUCATION, Roll No. 169389123 has undertaken the Summer Internship Project under my guidance for the Project Title “DERIVATIVES MARKET”. This Project Report is prepared in partial fulfilment for the B.B.A. course in management.
To the best of my knowledge, this research work is original and no part of this report has been submitted by the student earlier to any other institution / university.
Date: ……………………
Faculty Mentor’s Name: ………… (Signature)
ACKNOWLEDGEMENT
The satisfaction of the successful completion of the task wouldn’t be complete without the expression of gratitude to the people who made it possible. I express my gratitude to Mr. Amit Sharma (Branch head) SHAREKHAN LTD, for his support and guidance during the survey. I am very thankful to MR. Rohit faculty IME-INSTITUTE OF MANAGEMENT EDUCATION for the guidance and interest evinced throughout the preparation of this project. I take this opportunity, also to express my love and sincere thanks to my family members and friends for their support and advice during various stage of work. But last not the least I thank God almighty for giving me the support for the completion of the task.
DECLARATION
I Sonu Kumar, Student of IME-INSTITUTE OF MANAGEMENT EDUCATION declare that every part of the project report on the “Derivative Market (A Research report of Sharekhan Ltd.)” that I have submitted is original. The information has been collected from genuine & authentic sources. The project work is done under the supervision of MR. Akshay Saxena. The work has been submitted in the partial fulfilment of the required degree of B.B.A.
Date of Submission of Project: _____________ Place of Submission of Project: _____________
Sonu Kumar
Faculty’s Comments:
TABLE OF CONTENT CHAPTERS
CONTENTS
1
INTRODUCTION TO SHAREKHAN
2
ACHIEVEMEANTS OF SHAREKHAN
3
SHAREKHAN’S CSR
4
BNP PARIBAS
5
INTRODUCTION TO DERIVATIVES
6
OBJECTIVE OF STUDY
7
NEED OF STUDY
8
SCOPE OF STUDY
9
LIMITATIONS OF STUDY
PAGE NUMBERS
TABLE OF CONTENT CHAPTERS
CONTENTS
10
REGULATION OF STOCK EXCHANGES
11
INTODUCTION TO DERIVATIVES
12
TERMS IN DERIVATIVES
13
FUNCTIONS OF THE DERIVATIVES MARET
14
TYPES OF DERIVATIVES
15
Regulation for Derivatives Trading
16
FUTURES
17
OPTIONS
18
BIBLOGRAPHY
PAGE NUMBERS
ABOUT SHAREKHAN
32
ABOUT SHAREKHAN – ALWAYS THE FIRST Founded in 2000 and a subsidiary of BNP Paribas since November 2016, Sharekhan was one of the first brokers to offer online trading in India. With 16 lakh customers, 153 branches and more than 2400 business partners spread across over 575 locations, Sharekhan is one of the largest brokers in India. Sharekhan offers a wide range of savings & investment solutions including equities, futures and options. currency trading, portfolio management, research and mutual funds and investor education. On an average, Sharekhan executes more than 400,000 trades daily Guiding India's retail stock investors for 16 years
Registered with NSE and BSE for capital market, futures and options and currency segments and CDSL and NSDL for depository services. A full-service stock broking firm providing online services right from online account opening to trading and investments. Created India’s best online trading platforms: Website (www.sharekhan.com), TradeTiger (the ultimate desktop trading software), Sharekhan App (available for Android and iOS devices) and Sharekhan Mini (a low bandwidth website especially for mobile browsers) A strong brick-and-mortar network with over 2600 outlets in 575+ cities Research-based financial advice on all asset classes to suit all investing and trading styles Dedicated Education and training courses for investors and traders in association with Online Trading Academy About our group BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees. It has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country. Through its branches in eight key cities — Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune — BNP Paribas offers sophisticated solutions in its three core businesses — corporate and institutional banking, investment solutions and retail banking — many of them in association with strong local partners. The bank also offers services for individual clients in Wealth Management......Read more
AWARDS & RECOGNITION We have earned our stripes We love what we do and our job is satisfying too. Yet, honestly, it feels great every time we are praised by our customers and recognised by distinguished organisations. Here we share some of the many awards we have received for our services, products and initiatives in the past 16 years.
Bloomberg and UTV 2012 Named Best Equity Broker in the Investor Education & Category Enhancement category at the Bloomberg-UTV Financial Leadership Awards by Bloomberg and UTV
Information Week Edge Awards 2011 Awarded in the “IT Security” category at the Information Week Edge Awards
Online Trading Academy 2011 Awarded in five categories, Start-up of the Year, Marketer of the Year, World-class Performance, Silver Center Club and Gold Center Club, at Annual International Conference of OTA by Online Trading Academy
Zee Business 2011 Named Best Pharma Analyst by Zee Business
UTVi and StarMine (2009) Voted among top 10 at StarMine Broker Awards for BSE Sensex Recommendation by UTVi and StarMine
CNBC Awaaz (2005) Named Most Preferred Stock Broker Brand at Awaaz Consumer Awards by CNBC Awaaz
OUR GEOGRAPHICAL PRESENCE We are present in 525 cities, 28 states Though with time our website, www.sharekhan.com, has evolved into a one-stop shop for financial products and services, in the past 16 years we have also built a large network of 2,268 brick-and-mortar outlets in 525 cities across 28 states because we respect our customers’ need for a human-to-human experience and love to connect to them at a personal level.
SHAREKHAN: MAKING A DIFFERENCE QUIETLY In a remote hamlet near village Vadivelampalayam, bright little Nandhini would often dream of going to school to learn about the bigger world outside. But her father Ganeshamoorthy, an agricultural labourer, was not able to fulfill her dream because the nearest school was about 12.5km away and there was no direct transport from their place to the school. With a sense of regret and tearful eyes Nandhini would watch the older children take an overcrowded state government bus (the only one to the city) to go to school every day. Then, one day a miracle happened. Nandhini ran up to her father and described to him how a bus had come all the way to the hamlet to pick up the school’s students. On making enquiries her father learnt that the school had indeed started a bus service for the students in the area! Nandhini’s dream was about to come true. Her father enrolled her at the school and today Nandhini, a student of Lower Kindergarten, travels to school safely and dares to dream of a better life. Not many know that Sharekhan is the reason why Nandhini and many other children residing within a radius of about 25km of Isha Vidhya Matriculation School in Sandegoundenpalayam village of Coimbatore can now look forward to a brighter future. Social responsibility has always been at the core of Sharekhan’s business model and the company quietly funded the purchase of three new SML S7 buses for the school in September this year.
A B O U T B N P PA R I B A S G R O U P BNP Paribas Group, as it is today, was formed in 2000 as a result of the merger of Paribas Investment Bank and BNP (Banque Nationale de Paris), the no. 1 bank in France
THE BANK FOR A CHANGING WORLD A leading bank in Europe, BNP Paribas has strong roots anchored in Europe’s banking history. It supports clients and employees in today’s changing world. Moreover, it is positioned as a leading bank in the Eurozone and a prominent international banking institution.
192,419 EMPLOYEES
75
COUNTRIES
€42.9
BILLION IN REVENUE
€6.7
BILLION NET PROFIT
AWARDS The Asset, Triple A Treasury, Trade and Risk Management Awards 2016
Best Bank for Overall Service Category for Liquidity Management, India Best Working Capital Solution, India for Novateur Electrical & Digital Systems Private Limited Best Cash Management Solution, India for Publicis Groupe
BNP PARIBAS IN INDIA The BNP Paribas group has had a presence in India for over 150 years and was established in Kolkata in 1860. Unparalleled experience of the Indian market set it among the leading corporate banks in the country. Through its branches in Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune — BNP Paribas offers solutions in — corporate and institutional
banking, investment solutions and retail banking in association with strong local partners. The bank also offers services for individual clients in Wealth Management. YEARS IN INDIA
150 8 13
CITIES
SUBSIDIARIES &
JVS IN INDIA
CSR Since 2012 BNP Paribas' responsibility policy has been built on four pillars with 12 commitments. In 2015 the Group updated the commitments to better reflect the changes in Corporate Social Responsibility (CSR) issues, as well as the bank's specific initiatives. All of the group's business lines, networks, subsidiaries and countries apply this policy. They use the same structure while adapting it to their specific characteristics.
01 OUR ECONOMIC RESPONSIBILITY 1. Investments and financing with a positive impact. 2. Ethics of the highest standard.
3. 02
Systematic integration and management of environment, social and government risks
OUR SOCIAL RESPONSIBILITY 1. Promotion of diversity and inclusion in the workplace. 2. A good place to work and responsible employement management.
3.
Information as your would like to see, it is all about spotting Trends & trading opportunities
03 OUR CIVIC RESPONSIBILITY 1. Products and services that are widely accessible. 2. Combat social exclusion and support human rights. 3. Corporate philanthropy policy focused on the arts, solidarity and the environment
04 OUR ENVIRONMENTAL RESPONSIBILITY 1. Partnering with our clients in the transition to a low-carbon economy. 2. Reduce the environmental impact of our operations. 3. Advance awareness and sharing of best environmental practices
4.1 SHAREKHAN Sharekhan is one of India's largest and leading financial services companies. It is an online stock trading company of SSKI Group (S.S. Kantilal Ishwarlal Securities Limited) which has been a provider of India-based investment banking and corporate finance service for over 80 years. SSKI caters to most of the prominent financial institutions, foreign and domestic, investing in Indian equities. It has been valued for its strong research-led investment ideas, superior client servicing track record and exceptional execution skills. The key features of sharekhan are as follows:
You get freedom from paperwork.
There are instant credit and money transfer facilities.
You can trade from any net enabled PC.
After hour orders facilities.
You can go for online orders over the phone.
Timely advice and research reports Real-time Portfolio tracking.
Information and Price alerts.
Sharekhan provides assistance and the advice like no one else could. It has created special information tools to help answer any queries. Sharekhan‟s first step program, built specifically for new investors, is testament to of its commitment to being your guide throughout your investing life cycle. 33
4.2 SHAREKHAN SERVICES: The tag line of Sharekhan says that it is your guide to the financial jungle. As per the tag line there are many amazing services that Sharekhan offers like technical research, fundamental research, share shops, portfolio management, dial-n-trade, commodities trade, online services, depository services, equity and derivatives trading (including currency trading). With Sharekhan‟s online trading account, you can buy and sell shares at anytime and from anywhere you like. With a physical presence in over 300 cities of India through more than 800 "Share Shops" with more than 3000 employees, and an online presence through Sharekhan.com, India's premier, it reaches out to more than 8, 00,000 trading customers. A Sharekhan outlet online destination offers the following services:
Online BSE and NSE executions (through BOLT & NEAT terminals)
Free access to investment advice from Sharekhan's Research team
Sharekhan Value Line (a monthly publication with reviews of recommendations, stocks to watch out for etc) Daily research reports and market review (High Noon & Eagle Eye)
Pre-market Report (Morning Cuppa)
Daily trading calls based on Technical Analysis
Cool trading products (Daring Derivatives and Market Strategy) Personalized Advice
Live Market Information
Depository Services: Demat Transactions
34
Derivatives Trading (Futures and Options)
Commodities Trading
IPOs & Mutual Funds Distribution
Internet-based Online Trading: Speed Trade
Sharekhan has one of the best state-of-art web portals providing fundamental and statistical information across equity, mutual funds and IPOs. Surfing can be done across 5,500 companies for in-depth information, details about more than 1,500 mutual fund schemes and IPO data. Other market related details such as board meetings, result announcements, FII transactions, buying/selling by mutual funds and much more can also be accessed. It provides a complete life-cycle of investment solution in Equities, Derivatives, Commodities, IPO, Mutual Funds, Depository Services, Portfolio Management Services and Insurance. It also offers personalized wealth management services for High Net worth individuals. 4.3 ONLINE SERVICES The online trading account can be chosen as per trading habits and preferences, that is the classic account for most investors and speed trade for active day traders. Sharekhan also provides a free software called “Trade tiger” to all its account holders. The Classic Account enables you to trade online for investing in Equities and Derivatives on the NSE via sharekhan.com; it gives access to all the research content and also comes with a free Dial-n-Trade service enabling to buy shares using the telephone.
35
Its features are:
Streaming quotes (using the applet based system) Multiple watch lists
Integrated Banking, demat and digital contracts Instant credit and transfer
Real-time portfolio tracking with price alerts and, of course, the assurance of secure transactions The Trade Tiger is a next-generation online trading product that brings the power of the
broker's terminal to your PC. It's the perfect trading platform for active day traders. Its features are:
NCDEX, Mutual Funds, IPO‟s
A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX,
Multiple Market Watch available on Single Screen
Multiple Charts with Tick by Tick Intraday and End of Day Charting powered with various Studies Graph Studies include Average, Band- Bollinger, Know Sure Thing, MACD, RSI, etc Apply studies such as Vertical, Horizontal, Trend, Retracement & Free lines
User can save his own defined screen as well as graph template, that is, saving the layout for future use User-defined alert settings on an input Stock Price trigger
Tools available to gauge market such as Tick Query, Ticker, Market Summary, Action Watch, Option Premium Calculator, Span Calculator 36
Shortcut key for FAST access to order placements & reports
Online fund transfer activated with 12 Banks
Sharekhan provides you the facility to trade in Commodities through Sharekhan Commodities Pvt. Ltd. a wholly owned subsidiary of its parent SSKI. It trades on two major commodity exchanges of the country:
Multi Commodity Exchange of India Ltd, Mumbai (MCX) and National Commodity and Derivative Exchange, Mumbai (NCDEX).
For trading in any commodity, initial margin of around 10% on any commodity is to be maintained. Sharekhan has launched its own commodity derivatives micro-site. The site is available through the Sharekhan home page www.sharekhan.com. Along with the site Sharekhan has launched several commodity derivatives products (both research and trading) too. The products have been listed below:
Commodities Buzz: a daily view on precious metals and agro commodities. Commodities Beat: a summary of the days trading activity.
Traders Corner: Under commodity trading calls, there are two types of trading calls:
Rapid Fire: (short-term calls for 1 day to 5 days updated daily)
Medium-term Plays: (medium-term calls for 1 month to 3 months updated weekly or in between if needed)
Sharekhan Exclusive: the commodity research reports and analyses (periodical). Market Scan: the daily commodity market data and statistics (end of day).
All these products are both e-mailed as newsletters and published on the commodity derivatives site
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