...DEMAT Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form. Rematerialization is the process of converting securities held in electronic form in a demat account back in physical certificate form. According to the Depositories Act, 1996, an investor has the option to hold securities either in physical or electronic form. Part of holding can be in physical form and part in demat form. However, SEBI has notified that settlement of market trades in listed securities should take place only in the demat mode. All types of equity/ debt instruments viz. equity shares, preference Shares, partly paid shares, bonds, debentures, commercial papers, certificates of deposit, government securities (G-EC) etc. irrespective of whether these instruments are listed / unlisted / privately placed can be dematerialized with depository, if they have been admitted with the depository. The depository system, which links the issuers, depository participants (DPs), Depositories and Clearing Corporation/ Clearing house of stock exchanges, facilitates holding of securities in dematerialised form and effects transfers by means of account transfers. This system which facilitates scripless trading offers various direct and indirect services to the market participants. A depository is an organisation which holds securities (like shares, debentures, bonds, government securities, mutual fund units...
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...of more efficient financial system. As a result of this NSDL and CDSL came into picture. It aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimize risk and reduce costs. Our project on “Demat System in India” gave us a detailed picture of how securities are transferred electronically in the share market. In our project we had done a comparative study of the various Depository Participants in Ahmedabad on the basis of their services and charges. This study helped us in finding out what additional services other DPs provide and how the charges differ. Another aspect of our project was to get a feedback from the clients regarding the Demat services provided at Anagram Securities Ltd. By meeting the various clients we were able to find out the scope of improvement in the services provided at Anagram. It becomes increasingly important for students of management to understand the developments in the financial infrastructure that facilitates the whole financial system. We were fortunate enough to get an opportunity to do our summer training in such an area as it gave us a wide understanding of the entire demat system in our country....
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...[pic] FINAL REPORT ON EXECUTIVE TRAINING [pic] TITLE: To sell 24 Demat accounts worth Rs.2,00,000/- for 3 months for Sharekhan Limited in Nagpur city. GUIDED BY- Mrs. Parijad Dongure MR. CHIRAG JOSHI (Faculty Guide) (Company Guide) SUBMITTED BY: AJEET KUMAR Enroll. No.: 8NBNG010 Summer Internship Program 2009 The MBA Program 2008-2010 ICFAI National College, SIP Centre Nagpur CERTIFICATE This is to certify that the Final Report on Executive Training with special reference to the company SHAREKHAN LIMITED submitted by AJEET KUMAR having Enrollment No. as 8NBNG010 during Semester-III of the M.B.A Program (Class of 2008-10) embodies original work done by her. His work has been satisfactory. Mr. Chirag Joshi Mrs. Parijad Dongure (Company Guide) (Faculty Guide) ACKNOWLEDGEMENT My due acknowledgement to all those people who have helped me during my SIP. This includes my respected Company Guide Mr. Chirag Joshi, Faculty Guide Mrs. Parijad Dongure, INC faculty, Office Personals, and Clients. My SIP would not have been possible without the guidance, support and encouragement...
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...|[pic]India's No.1 IPO Investment Portal |Top of Form | | |Contact Us [pic][pic] | | | | | | | | |[pic] Find us on Facebook | | | | | |Bottom of Form | |Home page | |Tourism [pic] | |Discussions [pic] | |Stock Market [pic] | |Commodities [pic] ...
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...Indian market overview: How stock market works? If you'd like to buy a share of stock in any publicly traded company you'll most likely need the services of a brokerage firm. Though it's possible to buy and sell shares of stock on your own, there are some practical and legal problems with this approach. The securities industry is highly regulated, so you can't just hang a shingle and start selling stocks to the general public, unless you're properly registered and licensed. A brokerage firm is a dealer of stocks and other securities that acts as your agent when you want to buy or sell stocks. Most trading of stocks happens on a stock exchange. These are special markets where buyers and sellers are brought together to buy and sell stocks. The best known stock exchanges are the Bombay Stock Exchange and the National Stock Exchange. The Bombay Stock Exchange is one of the largest stock exchanges in the world, listing over 4,500 companies. The BSE SENEX is the major stock index of the Bombay exchange, comparable to the DOW industrials in the US. The National Stock Exchange of India is also based in Mumbai (Mumbai used to be called Bombay) and regularly trades in volumes exceeding that of the Bombay Stock Exchange. The main stock index of the National Stock Exchange of India is the S&P CNX Nifty, or just Nifty for short. Apart from equities, the NSE also deals with trades of futures, debt and foreign currencies. When most people think of a stock exchange, they picture a scene of...
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...Resources You can invest in gold through E-Gold, Gold mutual funds, Gold ETFs or gold bars and coins. Not to forget, many Indians buy gold jewelry that they will never use considering them as investment. Each of these has their own merits and demerits. * E-Gold Pros: 1. No recurring charges like expense ratio of mutual funds, ETFs involved. 2. Units as small as 1 gram can be redeemed for physical gold. 3. Greater price transparency. Cons: 1. Separate trading account and demat account needed for trading in e-gold. 2. Not the best way to invest in terms of tax. It treated as physical gold for taxation. 3. Newly launched product in India. Commodity exchanges are not well regulated like stock exchanges. * Gold ETFs Pros 1. Units are backed by corresponding units of physical gold which are kept in secured vaults. 2. Returns close to that of e-gold. 3. Long term capital gains tax of 10% without indexation or 20% with indexation kicks in after 1 year. No wealth tax applies. Cons: 1. Trading account and demat account needed for buying ETFs. * Gold mutual fund Pros 1. Through Systematic Investment Plan (SIP) of gold mutual funds one can affordably have disciplined investment in gold. One can invest as little as Rs 100 every month in gold funds. 2. Long term capital gains tax of 10% without indexation or 20% with indexation applies after 1 year. No wealth tax applies. Cons 1. Expense ratio is higher than in gold ETFs. 2. Returns slightly lower than that of gold ETFs depending...
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... say Nifty. The APs deliver the shares comprising the Nifty, in the same proportion as they are in the Nifty, to the AMC and create ETF units in bulk (These are known as Creation Units). Once the APs get these units, they provide liquidity to these units by offering to buy and sell through the stock exchange. They give two way quotes, buy and sell quote for investors to buy and sell the ETFs. ETFs therefore have to be listed on stock exchanges. There are many ETFs presently listed on the NSE. 3.2 SALIENT FEATURES An Exchange Traded Fund (ETF) is essentially a scheme where the investor has to buy/ sell units from the market through a broker (just as he/ he would by a share). An investor must have a demat account for buying ETFs (For understanding what is demat please refer to NCFM module ‘Financial Markets : A Beginners’ Module). An important feature of ETFs is the huge reduction in costs. While a typical Index fund would have expenses in the range of 1.5% of Net Assets, an ETF might have expenses around 0.75%. In fact, in international markets these expenses are even lower. In India too this may be the trend once more Index Funds and ETFs come to the market and their popularity increases. Expenses, especially in the long term, determine to a large extent, how much money the investor makes. This is because lesser expenses mean more of the investor’s money is getting invested today and over a longer period of time, the power of compounding will turn this saving ...
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...Report On Capital Market in Bangladesh ECO-101: Principle of Microeconomics Section No: 14 Prepared For: Kazi Abul Bashar Adjunct Faculty East West University Department of Economics Prepared By: A.F.M.Ahsan Ullah Id No: 2007-1-10-015 Department of Business Administration Date of Submission: April 20, 2011 EAST WEST UNIVERSITY 1.0 Introduction: The Dhaka Stock Exchange (DSE) is registered as a Public Limited Company and its activities are regulated by its Articles of Association rules & regulations and bye-laws along with the Securities and Exchange Ordinance, 1969, Companies Act 1994 & Securities & Exchange Commission Act, 1993. 1.1 Background of Dhaka Stock Exchange: • • • • East Pakistan Stock Exchange Ltd was finally named as Dhaka Stock Exchange (DSE) on 14 May 1964. Although incorporated in 1954, formal trading started in 1956. Prior to independence in 1971, the number of listed companies in DSE was 196 with a total paid up capital of Tk. 4 billion. The total number of listed securities is now 378. 1.2 Role of Capital Market: The primary role of the capital market is to raise long-term funds for governments, banks, and corporations while providing a platform for the trading of securities. This fund rising is regulated by the performance of the stock and bond markets within the capital market. 1.3 Policies of Dhaka Stock Exchange (DSE): • • • DSE can introduce automate monitoring systems that may control price manipulation, malpractices...
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...All of finweb.com ------------------------------------------------- Top of Form Bottom of Form * Mortgage * Loans * Banking & Credit * Investing * Retirement * Insurance * Taxes * Financial Planning * Real Estate * Finance Directory home → Banking & Credit → Banking & Credit 101 → 4 Types Of Bank Accounts Explained Subscribe to news about Banking & Credit 4 Types Of Bank Accounts Explained Share comments There are many types of bank accounts for consumers to choose from and each will be able to provide benefits for his or her circumstances. Ads by Google Open A Demat Account Get a Demat, Savings, Trading & MF All-in-1 Kotak Account. Sign Up! www. KotakSecurities. com Checking Account A checking account offers a quick and convenient way for people to access their money as often as they need. You cannot earn interest with most checking accounts, however. Savings Account A savings account offers a simple, hassle-free way to save money. Banks usually set a minimum balance to open and/or maintain these types of bank accounts. The benefit of a savings account over a checking account is that money in the account accrues interest. The downside is that the number of allowable transfers or withdrawals is limited. Money Market Account A money market account combines the benefits of a checking account and a savings account. You can withdraw funds from the account, and you benefit from a high interest...
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...Chapter – I INTRODUCTION 1.Introduction of Project Work : Why Commodity Futures? ADVANTAGES OF FUTURES MARKET TO ITS VARIOUS PARTICIPANTS Stockiest / Jewelers / Farmers | | Traders, Jobbers & Arbitragers | * Can hedge their underlying * Get an extensive market * Can get loan against Warehouse Receipts | | Trading Opportunity | Investment Opportunity | Corporates | | Additional Advantage | * Can hedge by offsetting product exposure * Can hedge by parking only margin amount * Can buy goods without agents with Quality Assurance | | Spread Trading Opportunity | Arbitrage Opportunity | TABLE-1.1 Why Indian Commodity Exchange? India is essentially a commodity based economy constituting of Agriculture, Energy, Precious Metals and Base Metals. Couple of unique features / advantage seen in our exchanges, which is not seen elsewhere, are: 1. Timings: Our Trade timings are well matched with Global Market timings. 2. Number of commodities: Nowhere in the world more than 8 to 10 commodities are traded in a single exchange, but our exchanges are successfully managing over 40 commodities individually. Why Sharekhan? Superior & Consistant Research Performance of…. 1. Cutting Edge Analysis of Major Commodities 2. Relevent Analysis of Market News & Information 3. Sound Technical Analysis for Short Term Trends 4. Special Reports such as… * Hedge Solutions: To offset Product Exposure...
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...INTRODUCTION Capital Market mainly refers to the Stock and Share market of the country. When banking system cannot totally meet up the need for funds to the market economy, capital market stands up to supplement it. Companies and the government can raise funds for long-term investments via the capital market. The capital market includes the stock market, the bond market, and the primary market. Securities trading on organized cap-ital markets are monitored by the government; new issues are approved by authorities of financial supervision and monitored by participating banks. Thus, organized capital markets are able to guarantee sound investment opportunities. This paper reveals the various aspects of the Capital Market in Bangladesh. OBJECTIVES Capital market, being an essential element of today’s economy, demands an intensive and special attention. The objective of this study is to look into every aspect of Bangladesh capital market and identify its various pros and cons along with some recommendations to overcome the existing problems. The specific objectives of this study are: ■ To give an overall idea about the capital market-its structures, functions, importance, etc. ■ To identify the current situations of our capital market of Bangladesh. ■ To provide a fully automated trading system with most modern amenities to ensure: quick, easy, accurate transactions and easily accessible to all. ■ To compare the relative conditions of Bangladesh capital market...
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...Here are the key features that you can avail through SBI mobile banking. • Money Transfer: By using the mobile banking of SBI, you can transfer money to any other bank account. National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlements (RTGS) can be done via mobile banking app of SBI. • Balance Enquiry and Mini Statement: Users can check their balance at anytime with their mobile banking app. Also, viewing and talking out the print out of mini statement of last 5 transactions can be done through mobile banking. • Cheque Book: This feature makes mobile banking a boon for many. A few years back, an account holder required to pay a physical visit to his local branch for cheque book. • DEMAT Account Details: People who owned DEMAT accounts in SBI can check their DEMAT accounts by accessing the mobile banking app of SBI. • Bill Payments: Mobile banking users can pay all their utility bills and SBI Insurance Premium. Also, users can recharge their mobile phones through the mobile banking app of SBI. Limitations of SBI M-Banking Application Every bank has set their limitations for the transaction. Here is the transaction limits for SBI Freedom mobile banking app users. State Bank Freedom Particulars Every day limits with no monthly limits for SBI Every day limits with no monthly limits for Other Banks Money transfer to own accounts through IMPS 99,99,999/- 50,000/- Money transfer to other accounts through IMPS 10,000/- without One Time Password 1,00,000/-...
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...INITIAL PUBLIC OFFER Initial Public Offering (IPO) is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. This paves way for listing and trading of the issuer’s securities. SPECAL 1.0 Book Building - About Book Building Book Building is basically a capital issuance process used in Initial Public Offer (IPO) which aids price and demand discovery. It is a process used for marketing a public offer of equity shares of a company. It is a mechanism where, during the period for which the book for the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The process aims at tapping both wholesale and retail investors. The offer/issue price is then determined after the bid closing date based on certain evaluation criteria. 1.1 The Process: • • • • • • • • The Issuer who is planning an IPO nominates a lead merchant banker as a 'book runner'. The Issuer specifies the number of securities to be issued and the price band for orders. The Issuer also appoints syndicate members with whom orders can be placed by the investors. Investors place their order with a syndicate member who inputs the orders into the 'electronic book'. This process is called 'bidding' and is similar to open auction. A Book should remain open for a minimum of 5 days. Bids cannot be entered less than the floor price. Bids can be revised by the bidder before...
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...exchange for a premium as a one-time payment, upon the demise of the insured customer. The products available under the Life Insurance tabs include Bajaj Allianz, HDFC Life, LIC, ICICI Prudential Life, IDBI Federal Life Insurance etc. COMMODITY MARKET Various kinds of products that include gold, oil, agricultural products etc. comes under the market called Commodity market. Their price depends on the demand - supply factors of the economy coupled with the performance of the economy. Anmol Shares offers Demat Account creation as one of their services under the Commodity Market division. • In our country, instead of the investor taking physical possession of financial certificates, shares and securities are held by them in an electronic manner through a Dematerialized account. This account can be initiated while registering with a brokerage firm. This Demat account number is later quoted for every transaction to settle trades electronically. Through this every holder will be provided a Demat account to conduct his/her trading. MUTUAL FUNDS A type of investment scheme, Mutual funds are generally taken care by an Asset Management Company(AMC) that gathers people together and encourages them to invests money in shares, bonds etc. Mutual funds are usually sold in terms of 'units', which signifies the shareholding in a scheme. These units can be bought whenever required without any prerequisites at current net asset value (NAV). The Mutual Fund products Anmol Shares offers includes both Lump...
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...SIP SIP works on the principle of regular investments. It is like your recurring deposit where you put in a small amount every month. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of a heavy one-time investment i.e. SIP allows you to pay 10 periodic investments of Rs 500 each in place of a one-time investment of Rs 5,000 in an MF. Thus, you can invest in an MF without altering your other financial liabilities. It is imperative to understand the concept of rupee cost averaging and the power of compounding to better appreciate the working of SIPs. What is Systematic Investment Plan or SIP? SIP works on the principle of regular investments. It is like your recurring deposit where you put in a small amount every month. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of a heavy one-time investment i.e. SIP allows you to pay 10 periodic investments of Rs 500 each in place of a one-time investment of Rs 5,000 in an MF. Thus, you can invest in an MF without altering your other financial liabilities. It is imperative to understand the concept of rupee cost averaging and the power of compounding to better appreciate the working of SIPs. SIP has brought mutual funds within the reach of an average person as it enables even those with tight budgets to invest Rs 500 or Rs 1,000 on a regular basis in place of making a heavy, one-time investment. While making small investments...
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