A
PROJECT REPORT
ON
“COMPARATIVE STUDY OF DIFFERENT DEPOSITERIES PARTICIPANTS & SHARE TRADING FIRMS”
CONDUCTED AT
INDIA BULLS SECURITIES LTD.
AMBALA CANTT
HARYANA
(IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTER OF BUSINESS ADMINISTRATION “FINANCE” (2005-07)
SUBMITTED TO:- SUBMITTED BY
Ms. JATINDER KAUR SORABH KANSAL
FACULTY MEMBER MBA
AIMT AMBALA CITY
Shri Atmanand jain institute of Managemant and technology
Ambala city-134003
CONTENTS
1.PREFACE
2.ACKNOWLEDGEMENT
3.DECLARATION
4.OBJECTIVE OF THE STUDY 5.INRODUCTION
6.INDUSTRY PROFILE
7.COMPANY PROFILE
8. RESEARCH METHODOLOGY
9.QUESTIONNAIRE
10.INTERPRETATION&ANALYSIS
11. CONCLUSION
12.SUGGESTIONS
13. CONCLUSION
14.BIBLIOGRAPHY
15. ANNEXURE
PREFACE
Without practical training theory is irrelevant. So along with the theory, practical training is provided to the management students to expose them to the actual working environment of an organization, which is relevant to other organization as well.
It has been my privilege to receive such training in one of the India’s well known co. Indiabulls Securities Ltd. which provides an ideal and congenial atmosphere for learning.
ACKNOWLEDGEMENT
“A work is never of an individual. It is more a combination of ideas, suggestion, contributions and work involved in many folks.”
I express my sincere thanks to Mr. Nitin Chopra(Branch Manager,Offline) for allowing me to complete my training from Indiabulls.
I am deeply indebted to all the employees of Indiabulls for their guidance and encouragement.
Special thanks to Mr. Amit Bhalla(Team Leader), Mr. Arpan Sethi,(Relationship Managers) they guided me for this project. It has been a pleasure working with them and I could learn the characteristics of an efficient professional. And they have provided me the necessary practical knowledge and information about the Demat and its documentation.
I am thankful to all my faculty member as without there co-oporation this project report could not reach to its fulfillment.
I am thankful to the Indiabulls Management for being transparent sharing their views and company related information which all has given me a holistic approach in doing the project work.
(SORABH KANSAL)
DECLARATION
I, sorabh kansal , declares that the research report on “comparative Analysis of Different Depository participants & Share trading firms”.
” is an original piece of work done by me and has not been submitted to any College\Institute\University in any mean possible.
SORABH KANSAL
M.B.A (II),
Roll No.1050
Kurukshetra University, Kurukshetra
OBJECTIVE OF THE STUDY
1. To make comparison analysis between Indiabulls and other depository participants.
2. To know the awareness of customers towards Indiabulls Security Ltd.
3 To know the competitor strategies for increasing marketing share.
4. To aware the customer to perform the transaction in share market.
5. To study about why people have DEMAT A/C in India Bulls
INTRODUCTION
HISTORY & EVOLUTION OF ORGANIZATION
Indiabulls Financial Services Limited was incorporated on January 10, 2000 as M/s Orbis Infotech Private Limited at New Delhi under the Companies Act, 1956 with Registration No. 55 – 103183. The name of our Company was changed to M/s. Indiabulls Financial Services Private Limited on March 16, 2001 due to change in the main objects of our Company from Infotech business to Investment & Financial Services business. It became a Public Limited Company on February 27, 2004 and the name of our Company was changed to M/s. Indiabulls Financial Services Limited. Our Company was promoted by three engineers from IIT Delhi, and has attracted more than Rs.700 million as investments from venture capital, private equity and institutional investors such as LNM India Internet Ventures Ltd., Transatlantic Corporation Ltd., Farallon Capital Partners, L.P., R R Capital Partners L.P., and Infinity Technology Trustee Pvt. Ltd. and has developed significant relationships with large commercial banks such as Citibank, HDFC Bank, Union Bank, ICICI Bank, ABN Amro
Bank, Standard Chartered Bank, Lord Krishna Bank and IL&FS. Our Company and our subsidiaries have facilities from the above mentioned banks and financial institutions aggregating to Rs. 1760 million, for further details please refer to page no. 26.
MARKET SHARE & GROWTH
INDIABULLS SECURITIES LTD.
Products and Services
The products that you will be selling are:-
• Trading Platform for Equity and Derivatives
• Depository Services
• Commodities
• Equity Analysis
• IPO Financing
• Loan Against Shares
• Margin Trading
Depository Services
• Value added Services for seamless delivery.
• Depository Participant with:
– Central Depository Services (India) Limited [CDSL]
– National Securities Depository Limited [NSDL]
• Execute trades through Indiabulls Securities and settle these transactions through Indiabulls Depository services.
INDUSTARY PROFILE
There are two type of market:-
MONEY MARKET
CAPITAL MARKET
CAPITAL MARKET is that place where the people invest their money for getting maximum return through different intermediateries; INDIABULLS is also one intermediater. There are several intermediateries involved in capital market transaction
Some intermediateries are as follows:-
DEPOSITORIES
DEPOSITORY PARTISPANTS
REGISTRAR
There are four type of investor:-
1. Gambler
2. Speculator
3. Hedger
4. Arbitrator
There are four types of Capital market:-
1. Bullish
2. Bearish
3. Fixed
4. Volatile
Factors affect the market:-
1. Foreign Market (Asian, European)
2. Terrorist Influence
INTRODUCTION TO DEPOSITORY SYSTEM
One of the biggest problems faced by the Indian capital market has been the manual and paper based settlement system. Under this system, the clearing and settlement of transactions take place only with the use of paper work. The system of physical delivery of scripts poses many problems for the purchaser as well as the seller in the form of delayed settlements, long settlement periods, high level of failed trade, high cost of transactions, bad deliveries etc. Thus, to eliminate paperwork, facilitate scriptless trading and electronic book entry of the transfer of securities, shorten settlement periods, and to improve liquidity in the stock market, it was found necessary to replace the old system of transfer and settlement with the new and modern system of depositories
Meaning
Depository system is a system whereby the transfer and settlement of scrip’s take place not through the traditional method of transfer deeds and physical delivery of scrip’s but through the modern system of effecting transfer of ownership of securities by means of book entry on the ledgers or the depository without the physical movement of scrip’s. The new system, thus, eliminates paper work, facilitates automatic and transparent trading in scrip’s, shortens the settlement period and ultimately contributes to the liquidity of investment in securities. The system is also known as ‘scriptless trading system’.
Constituents of Depository System
PROJECT REPORT
ON
“COMPARATIVE STUDY OF DIFFERENT DEPOSITERIES PARTICIPANTS & SHARE TRADING FIRMS”
CONDUCTED AT
INDIA BULLS SECURITIES LTD.
AMBALA CANTT
HARYANA
(IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF MASTER OF BUSINESS ADMINISTRATION “FINANCE” (2005-07)
SUBMITTED TO:- SUBMITTED BY
Ms. JATINDER KAUR SORABH KANSAL
FACULTY MEMBER MBA
AIMT AMBALA CITY
Shri Atmanand jain institute of Managemant and technology
Ambala city-134003
CONTENTS
1.PREFACE
2.ACKNOWLEDGEMENT
3.DECLARATION
4.OBJECTIVE OF THE STUDY 5.INRODUCTION
6.INDUSTRY PROFILE
7.COMPANY PROFILE
8. RESEARCH METHODOLOGY
9.QUESTIONNAIRE
10.INTERPRETATION&ANALYSIS
11. CONCLUSION
12.SUGGESTIONS
13. CONCLUSION
14.BIBLIOGRAPHY
15. ANNEXURE
PREFACE
Without practical training theory is irrelevant. So along with the theory, practical training is provided to the management students to expose them to the actual working environment of an organization, which is relevant to other organization as well.
It has been my privilege to receive such training in one of the India’s well known co. Indiabulls Securities Ltd. which provides an ideal and congenial atmosphere for learning.
ACKNOWLEDGEMENT
“A work is never of an individual. It is more a combination of ideas, suggestion, contributions and work involved in many folks.”
I express my sincere thanks to Mr. Nitin Chopra(Branch Manager,Offline) for allowing me to complete my training from Indiabulls.
I am deeply indebted to all the employees of Indiabulls for their guidance and encouragement.
Special thanks to Mr. Amit Bhalla(Team Leader), Mr. Arpan Sethi,(Relationship Managers) they guided me for this project. It has been a pleasure working with them and I could learn the characteristics of an efficient professional. And they have provided me the necessary practical knowledge and information about the Demat and its documentation.
I am thankful to all my faculty member as without there co-oporation this project report could not reach to its fulfillment.
I am thankful to the Indiabulls Management for being transparent sharing their views and company related information which all has given me a holistic approach in doing the project work.
(SORABH KANSAL)
DECLARATION
I, sorabh kansal , declares that the research report on “comparative Analysis of Different Depository participants & Share trading firms”.
” is an original piece of work done by me and has not been submitted to any College\Institute\University in any mean possible.
SORABH KANSAL
M.B.A (II),
Roll No.1050
Kurukshetra University, Kurukshetra
OBJECTIVE OF THE STUDY
1. To make comparison analysis between Indiabulls and other depository participants.
2. To know the awareness of customers towards Indiabulls Security Ltd.
3 To know the competitor strategies for increasing marketing share.
4. To aware the customer to perform the transaction in share market.
5. To study about why people have DEMAT A/C in India Bulls
INTRODUCTION
HISTORY & EVOLUTION OF ORGANIZATION
Indiabulls Financial Services Limited was incorporated on January 10, 2000 as M/s Orbis Infotech Private Limited at New Delhi under the Companies Act, 1956 with Registration No. 55 – 103183. The name of our Company was changed to M/s. Indiabulls Financial Services Private Limited on March 16, 2001 due to change in the main objects of our Company from Infotech business to Investment & Financial Services business. It became a Public Limited Company on February 27, 2004 and the name of our Company was changed to M/s. Indiabulls Financial Services Limited. Our Company was promoted by three engineers from IIT Delhi, and has attracted more than Rs.700 million as investments from venture capital, private equity and institutional investors such as LNM India Internet Ventures Ltd., Transatlantic Corporation Ltd., Farallon Capital Partners, L.P., R R Capital Partners L.P., and Infinity Technology Trustee Pvt. Ltd. and has developed significant relationships with large commercial banks such as Citibank, HDFC Bank, Union Bank, ICICI Bank, ABN Amro
Bank, Standard Chartered Bank, Lord Krishna Bank and IL&FS. Our Company and our subsidiaries have facilities from the above mentioned banks and financial institutions aggregating to Rs. 1760 million, for further details please refer to page no. 26.
MARKET SHARE & GROWTH
INDIABULLS SECURITIES LTD.
Products and Services
The products that you will be selling are:-
• Trading Platform for Equity and Derivatives
• Depository Services
• Commodities
• Equity Analysis
• IPO Financing
• Loan Against Shares
• Margin Trading
Depository Services
• Value added Services for seamless delivery.
• Depository Participant with:
– Central Depository Services (India) Limited [CDSL]
– National Securities Depository Limited [NSDL]
• Execute trades through Indiabulls Securities and settle these transactions through Indiabulls Depository services.
INDUSTARY PROFILE
There are two type of market:-
MONEY MARKET
CAPITAL MARKET
CAPITAL MARKET is that place where the people invest their money for getting maximum return through different intermediateries; INDIABULLS is also one intermediater. There are several intermediateries involved in capital market transaction
Some intermediateries are as follows:-
DEPOSITORIES
DEPOSITORY PARTISPANTS
REGISTRAR
There are four type of investor:-
1. Gambler
2. Speculator
3. Hedger
4. Arbitrator
There are four types of Capital market:-
1. Bullish
2. Bearish
3. Fixed
4. Volatile
Factors affect the market:-
1. Foreign Market (Asian, European)
2. Terrorist Influence
INTRODUCTION TO DEPOSITORY SYSTEM
One of the biggest problems faced by the Indian capital market has been the manual and paper based settlement system. Under this system, the clearing and settlement of transactions take place only with the use of paper work. The system of physical delivery of scripts poses many problems for the purchaser as well as the seller in the form of delayed settlements, long settlement periods, high level of failed trade, high cost of transactions, bad deliveries etc. Thus, to eliminate paperwork, facilitate scriptless trading and electronic book entry of the transfer of securities, shorten settlement periods, and to improve liquidity in the stock market, it was found necessary to replace the old system of transfer and settlement with the new and modern system of depositories
Meaning
Depository system is a system whereby the transfer and settlement of scrip’s take place not through the traditional method of transfer deeds and physical delivery of scrip’s but through the modern system of effecting transfer of ownership of securities by means of book entry on the ledgers or the depository without the physical movement of scrip’s. The new system, thus, eliminates paper work, facilitates automatic and transparent trading in scrip’s, shortens the settlement period and ultimately contributes to the liquidity of investment in securities. The system is also known as ‘scriptless trading system’.
Constituents of Depository System
