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INVESTMENT PERSPECTIVE IN INDIAN STOCK MARKET

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					INVESTMENT PERSPECTIVE IN INDIAN STOCK MARKET

ANGEL BROKING LIMITED

Submitted by:
MOHAMMAD ALI MBA-International Business Enrolment No.: A7002008002
International Business, Finance

Under guidance of:
Industry guide: Mr. Himanshu Singh Designation: Equity Advisor Angel
Broking Ltd. Faculty guide: Dr. Amit K Sinha Senior Lecturer AMITY
BUSINESS SCHOOL

SUMMER INTERNSHIP REPORT IN PARTIAL FULFILLMENT OF THE AWARD OF FULL TIME
MASTERS IN BUSINESS ADMINISTRATION (2008-10)

AMITY BUSINESS SCHOOL AMITY UNIVERSITY UTTAR PRADESH LUCKNOW

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Student’s Certificate

Certified that this report is prepared based on the dissertation report
undertaken by me in Angel Broking ,under the able guidance of Dr. Amit K.
Sinha in partial fulfillment of the requirement for award of degree of
Master of Business Administration from Amity University Uttar Pradesh .

Date :

Signature: Name: Mohammad Ali Enrollment: A7002008002

Signature: Dr. Amit K. Sinha Faculty guide

Signature: Prof. R.P Singh Director A.B.S

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Certificate of faculty Guide

This is to certify that Mr. Mohammad Ali student of MBA 3rd semester of
Amity University; Uttar Pradesh has under gone a dissertation report
under my guidance. The report entitled “Risk management in portfolio
selection has been completed by the student to my entire satisfaction.

Date: Dr. Amit K. Sinha Faculty Guide

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DECLARATION

I here by declare that this dissertation report submitted by me to Amity
Business School is my own and it has not been submitted to any other
university or published at any time before.

Mohammad Ali Place: Lucknow Date:

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ACKNOWLEDGEMENT

An undertaking of work like this is never an outcome of a single person
rather it bears the imprints of a number of people who directly or
indirectly helped me in completing my summer training. I would be failing
in my duties dissertation real, educative and pleasurable. It is very
difficult to express ones feeling in words but the formality reminds that
one should act to extend possible. I found no suitable words to express
my profound indebtedness and heart felt sense gratitude to Dr. Amit K.
Sinha, Senior Lecturer, A.B.S, Mr. Ejaz Mohyi, Branch Head, Angel Broking
Ltd, Mr. Ali Asad, Senior Sales Executive, Angel Broking Ltd. and Mr.
Himanshu Singh, Equity Advisor, Angel Broking Ltd for there prestigious
guidance, support and supervision during that period. It was there
cheerful and cooperative autonomy, regular encouragement, morale boosting
and infinite assisting of every kind which made my dissertation a
fruitful, pleasant and lifetime experience. At this junction I would like
to express my gratitude from deepest of my heart to my parents, guardians
and friends who initiates me and provide me the congenial help and
atmosphere during my training period.

MOHAMMAD ALI

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INTRODUCTION

Investment is a term frequently used in the fields of economics, business
management and finance. It can mean savings alone, or savings made
through delayed consumption. Investment means buying securities or other
monetary or paper (financial) assets in the money markets or capital
markets, or in fairly liquid real assets, such as Gold as an investment,
real estate etc. Types of financial investments include shares and other
equity investments and bonds. Equity investments generally refer to the
buying and holding of shares of stock on a stock market by individuals
and funds in anticipation of income from dividends and capital gain as
the value of stock rises.

To invest into stock market or other securities is quite a very critical
decision every investor should note before taking a step into the stock
market. The benefits and profits in the stock market is quite enormous.
The stock market is the only business transaction that its resource is
yet untapped, an investor stand a great chance of profiting unlimitedly
in trading stock, as well as losing every thing he has worked for all his
life into stock market just in a twinkle of eye. That is the reason why
every investor should think twice and think very carefully before
investing into stock market, to tell you the fact, the stock market is
not for every body. The stock market is meant for people who are wiling
to take risk, who have extra to spend, who are credit free, who are
independent, who are financially free and people who are strong and
willing to stand any financial risk situation. Before you invest into
stock, you need to know your self and most importantly your financial
status, because stock trading is very volatile, risky and that is more
reason why you need to check yourself and most importantly your financial
status, because stock trading is very volatile, risky and that is the
more reason why you need to check yourself and your background before
investing your money to avoid losing your hard earned money.
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Investment Plan: Every beginner needs to have an investing plan, weather
you are beginning to trade/invest into stocks, bonds, mutual funds,
futures, forex, real estate, equity and much other financial market. You
need to have a plan point of how much risk you are willing to take at the
starting point, and the investing plan is ”How Much Are You Willing To
Risk” on your starting point. You need to start investing from some
where, but where it will not affect your financial status even if you
lose your capital margin into the investment. Before you invest your
money, make sure to start with as little as you can afford to risk, that
will make you not to lose all you have and at the same time, it will
prompt you more opportunity to harness on the transaction to ascertain if
it actually worth investing your hard earned money into such business.
Dont risk investing the amount of money you can not afford to lose, all
security transactions are very profiting but at the same time you can
lose so much into the transactions as well. The Beginners Target Of
Investing: The target of every investor is to make profit, and by that
you need to invest your money into a very lucrative and legitimate kind
of transactions that will yield better interests and profits, as a
beginner, you don’t know the most lucrative and legitimate transactions
to invest your money yet, but before you invest, make research about the
business to know certain things before you jump into such transaction,
but it has been proven that security investments like stock, bonds,
mutual funds, equity, futures, forex and other financial transactions
yields more better profits in short time investment than other
investments, which is the more reason why investors are destinating to
invest into financial/securities in order to reap from the untaped
profiting ventures. Because of the volatile in the security transactions,
prices tend to rise over time, which gradually increasing your money to
profit, in this aspect you have benefited from the investment when the
prices ascends up. It can also fall over time as well as decreasing the
margin of your investment; in this aspect you are losing your money into
the investment when the prices descend down. Therefore, investing your
money
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into transactions is not only to make profits but it will also give you
the opportunity to make turn over of your money, which also increases the
weight and value of the money you have into more strong money. However,
investments require strategies, good decisions, careful planning and
patience in order to make a better return in your transactions.

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CONTENTS
Particulars Students certificate Certificate of Faculty Guide Declaration
Certificate of the Company Acknowledgement Introduction Chapter I
Significance and History of the study Chapter II Introduction of the
company Chapter III Indian stock market over the years Survey of stock
market awareness Chapter IV Findings, Conclusions and Suggestions
ANNEXTURE I ANNEXTURE II ANNEXTURE III BIBLOGRAPHY 63 65 72 79 58 35 16
pages 2 3 4 5 6 7 11

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CHAPTER I

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SIGNIFICANCE AND HISTORY OF THE STUDY
Indian stock market
In order to appreciate the emerging role of stock exchanges in India it
is apt to start with the historical perspective and a comparative picture
with other stock exchanges in the world. The stock exchange is an
association of member brokers for the purpose of facilitating and
regulating trading in securities. It is thus, a self regulating
organization, be it a company or association. As the securities trading
developed in India since 1875, it was a private enterprise of an
unregulated nature. The first attempt at regulation was by Securities
Contracts Control Act of Bombay 1925, passed by the erstwhile Bombay
Presidency. There was resistance from the stock exchanges for government
control even at that time. These exchanges had a mushroom growth during
the war time of forties as private clubs. There were as many as 21
exchanges in 1945. At that time securities trading were a state subject
but with the adoption of Indian Constitution in 1951, it became a Central
subject. It took nearly six years after that to pass the necessary
central legislation in 1956 in the form of Securities Contracts
(Regulations) Act. In the socialistic patter of society adopted by the
government for planned development of the economy in 1951, the role of
stock exchange received no significant attention and they were left with
the minimum government regulation under the above Act and the rules made
there under. The traditional emphasis was on self regulation by the stock
exchanges themselves with the result that the government had rarely used
the full range of powers bestowed on them except for one or two occasions
in war time. So the history of the growth of stock market movement in
India was characterized by three main features. 1. Resistance to
government control and regulation. 2. Growth of stock exchanges as
private associations with a modicum of government interference.

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3. Emphasis on self regulation and semi-autonomous nature of these
private organizations. The government and broking community worked in
close coordination and occasions resulting in friction few and far
between. The volume of trade and funds raised from the capital market
were small and the investor interest was at ebb. Latest Phase in Stock
Markets: It was only since 1985 with the entry of banks and their
subsidiaries into the stock and capital marks, facilitated by the passage
of the Banking Laws Amendment Act 1983 that the idea of better services
in these markets arose. The Seventh Five Year Plan 1985-90 contained the
first elements of a new economic policy leading to the opening up of the
economy, industrial liberalization and a growing role for the private
sector. These changes necessitated greater attention to the growth of
capital market and protection of investors as public interest in these
markets began to grow.

Existing Regulation:
Indian stock market activity is regulated by a variety of laws as diverse
as Companies Act of 1956, Indian Contracts Act, Stamp Act, Negotiable
Instruments Act and Securities Contract (Regulation) Act etc. The first
requirement of well knit reforms is to have a consolidated law
incorporating all the provisions to regulate investment activity as
financial Services Act of 1986 in United Kingdom. Management
Perspectives: The government formed The Securities and Exchange Board of
India Act in 1992. The SEBI is the statutory body that controls and
regulates the functioning of stock exchanges, brokers, intermediaries,
and portfolio manager’s investment advisors and obliges several rigid
measures to protect the interest of investors. The era of management by
lapses, mismanagement has ostensibly ended and a new concept of
management by rules has started. Various Departments have been formed
which perform the functions of listing, regulation of trading, provision
of settlement and clearance etc basically keeping the services to be
rendered to the members and the public in mind. The decisions are
sometimes taken by the committees appointed by the governing board for
specific purposes. The Operations Department observe that daily trading
takes place, collect quotation and make them
13
available to members and public by the evening of every day. The Computer
Department collects and compiles the corporate data quotations of scripts
and turnover of trade, member-wise and script-wise for better investment
decision making. The EDP work of building up the information base on
companies for members and investors to make their investment decisions.

Future Role of Exchanges:
The future role of stock exchanges will be radically difference from the
present, as their developmental role will be increasing much faster than
their regulatory role. Not only the stock exchanges but all the players
in the market namely companies, brokers, intermediaries and public would
have to play a greater role in the functioning of stock market. Along
with increasing self regulation and a stricter enforcement of a code of
conduct on the members, the stock exchanges will have to emerge as public
service institutions catering to increasing demands of investors in the
country. Listed companies have also a role in this process to collaborate
and extend all help for more efficient functioning of exchange. To
improve the quality and efficiency of service, trained and professional
category of intermediaries and brokers is also necessary. Education,
training and research would be the hall mark of future stock brokers and
other intermediaries.

Communication Technology:
Efficient marks require the flow of quick and correct information, an
efficient communication system, a system of fair and just practices and
procedures accompanied by a strict enforcement of a code of conduct on
all. A national market system, if it is to be developed, would vitally
depend on the efficient satellite telecommunication system in India and a
proper linkage of all stock exchanges.

Information Technology:
Investment to increase the level of explicit coordination with outside
agents have generally resulted in increased risk to the firm; firms have
traditionally avoided this increased risk by becoming vertically
integrated or by under investing in coordination. Information Technology
has the ability to lower coordination cost without increasing
14
the associated transactions risk, leading to more outsourcing and less
vertically integrated firms. Lower association specificity of Information
Technology investments and a better monitoring capability mean that firms
can more safely spend in information technology for inter firm
coordination than in customary investments for open coordination such as
co-located facilities or specialized human resources; firms are therefore
more likely to coordinate with suppliers without requiring ownership to
reduce their risk. This enables them to benefit from production economies
of large specialized suppliers. Moreover, rapid reduction in the cost of
information technology and reduction in the transactions risk of explicit
coordination makes possible substantially more use of explicit
coordination with suppliers.

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CHAPTER II

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INTRODUCTION WITH THE COMPANY

Angel Broking's tryst with excellence in customer relations began in
1987. Today, Angel has emerged as one of the most respected Stock-Broking
and Wealth Management Companies in India. With its unique retail-focused
stock trading business model, Angel is committed to providing ‘Real Value
for Money’ to all its clients.

The Angel Group is a member of the Bombay Stock Exchange (BSE), National
Stock Exchange (NSE) and the two leading Commodity Exchanges in the
country: NCDEX & MCX. Angel is also registered as a Depository
Participant with CDSL.

Angel’s Business Equity Trading Commodities Portfolio Management Services
Mutual Funds Life Insurance Personal Loans IPO Depository Services
Investment Advisory

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PRIMARY AND SECONDARY MARKET



PRIMARY MARKET

An issuer/company enters the Primary markets to raise capital. If the
issuer is selling securities for the first time, these are referred to as
INITIAL PUBLIC OFFERS (IPO’s). It means companies issue share to the
general public in an initial public offering to raise capital.



SECONDARY MARKET

Secondary market transaction are referred to those transaction where one
investor buys shares from another investor at the prevailing market price
or at whatever price both the buyer and seller agree upon. The secondary
market or the stock exchanges are regulated by the regulatory that
facilitates authority. In India, the secondary and primary markets are
governed by the security and exchange board of India (SEBI). In other
words, the secondary market is the financial market for trading of
securities that have already been issued in an initial private or public
offering. Alternatively, secondary market can refer to the market for any
kind of used goods. The market that exists in a new security just after
the new issue is often referred to as the aftermarket. Once a newly
issued stock is listed on a stock exchange, investors and speculators can
easily trade on the exchange, as market makers provide bids and offers in
the new stock.

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INTRODUCTION TO SEBI The Government of India established the Securities
and Exchange Board of India, the regulatory body of stock markets in
1988. Within a short period of time, SEBI became an autonomous body
through the SEBI Act passed in 1992, with defined responsibilities that
cover both development & regulation of market while also giving the board
independent powers. Comprehensive regulatory measures introduced by SEBI
ensured that end investors benefited from safe and transparent dealings


development of Securities Market. To regulate the Securities Market.

SEBI has contributed to the improvement of the Securities Market by
introducing measures like capitalization requirements, margining and
establishment of clearing corporations that reduced the risk of credit.

STOCK EXCHANGE A stock Exchange is a place that provides facilities to
stock brokers to trade company stocks and other securities. A stock may
be bought or sold only if it is listed on an exchange. Thus it is the
meeting place of the stock buyers and sellers. India’s premier stock
exchanges are the Bombay Stock Exchange and the National Stock Exchange.

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NATIONAL STOCK EXCHANGE The National Stock Exchange of India Limited has
genesis in the report of the High Powered Study Group on Establishment of
New Stock Exchanges, which recommended promotion of a National Stock
Exchange by financial institutions (FIs) to provide access to investors
from all across the country on an equal footing. Based on the
recommendations, NSE was promoted by leading Financial Institutions at
the behest of the Government of India and was incorporated in November
1992 as a taxpaying company unlike other stock exchanges in the country.

On its recognition as a stock exchange under the Securities Contracts
(Regulation) Act, 1956 in April 1993, NSE commenced operations in the
Wholesale Debt Market (WDM) segment in June 1994. The Capital Market
(Equities) segment commenced operations in November 1994 and operations
in Derivatives segment commenced in June 2000.

THE BOMBAY STOCK EXCHANGE LIMITED The Stock Exchange, Mumbai; popularly
called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in
Asia. It is located at Dalal Street, Mumbai, India. The Bombay Stock
Exchange was established in 1875. There are around 4,800 Indian companies
listed with the stock exchange [1], and has a significant trading volume.
As of May 2007, the equity market capitalization of the companies listed
on the BSE was about Rs. 40.7 trillion (US $ 999 billion)[2]. The BSE
SENSEX (Sensitive INDEX), also called the "BSE 30", is a widely used
market index in India and Asia. As of 2005, it is among the five biggest
stock exchanges in the world in terms of transactions volume.

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COMPANY PROFILE

Angel Broking ltd. is one of India's leading financial institutions,
offering complete financial solutions that encompass every sphere of
life. From stock broking, to mutual funds, to life insurance, to
investment, the group caters to the financial needs of individuals and
corporate. Angel group is leading Retail Broking service provider in the
country. The group has emerged as one of the top 3 retail stock broking
house offering a gamut of retail centric services like Research,
investment Advisory ,wealth Management Services ,Ebroking & Commodities
to the individual investor. Angel has a wide and efficient network of 21
regional hubs,150 branches and 2200+ business associates in 115 cities
all over the country services more than 1.9 lac individual investors. The
group is promoted by these enterprises as a sub broker in 1987. Angel
Broking's tryst with excellence in customer relations began in 1987.
Today, Angel has emerged as one of the most respected Stock-Broking and
Wealth Management Companies in India. With its unique retail-focused
stock trading business model, Angel is committed to providing ‘Real Value
for Money’ to all itsclients. The Angel Group is a member of the Bombay
Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading
Commodity Exchanges in the country: NCDEX & MCX. Angel is also registered
as a Depository Participant with CDSL. Mr. Dinesh thakar, who started

21
Research Strength at Angel

Angel Broking is one of the leading retail brokerage houses with a
professional and qualified research team. We deploy state of the art
research metrics and international news services like Bloomberg/ Reuters
etc. to remain in touch with global / domestic developments. Angel’s
research has a proven track record of over 5 years. Emphasis on providing
best investment value for money to the retail client is the core
philosophy at angel .angel principally focuses on the individual investor
community and has an investment / advisory desk to give first hand
information / guidance to them. Angel’s research and advisory team
comprises of 80+ professionals working continuously to discover potential
multi- bagger stocks for you. Angel broking Research center the special
research cell where some of India’s finest financial analyst bring you
intensive research reports on how the stock market is faring. When is the
right time to invest, when to execute your order and more. Depending on
what kink of investor you are, we bring you fundamental or basis research
and technical research. As an investor with angel broking ltd., you get
access to these research reports exclusively. You get access to the
following reports.

Intraday Calls
These calls are provided according to changing market situations. Be it
news, momentum or technical perspectives be updated with what are experts
advise you to do during the market hours.

Daily Technical view
A technical view summarizing the previous day movement and what is
expected to happen on the current day. This report will also provide you
with technical calls for trading along with various supports and
resistances of chosen stocks.

22
Sartorial Reports
Deciding which sector to invest in, our super sector report can guide
you. Know details including the effect of government policies and
regulations and estimates about how the sector is expected to behave.

M connect
At last but not the least you can get these expert tips and
recommendations as SMS on to your mobile phone.

Angel broking limited

The journey so far (milestones) February, 2008 Crossed the 400,000 mark
in unique trading accounts

November, 2007

Received "Major Volume Driver" award for FY07

March, 2007

Crossed the 200,000 mark in unique trading accounts

December, 2006

Crossed the 2,500 mark in terms of business associates.

23
October, 2006

Received "Major Volume Driver" award for FY06

September, 2006

Commenced Mutual Fund and IPO distribution business

July, 2006

Formally launched the PMS function

March, 2006

Crossed the 100,000 mark in unique trading accounts

October, 2005

Received the prestigious "Major Volume Driver" award for FY05

September, 2004

Launch of Online Trading Platform

24
Services of Angel Broking Ltd.

25
Competitors

KARVY KARVY, is a premier integrated financial services provider, and
ranked among the , top five in the country in all its business segments,
services over 16 million individual investors in various capacities, and
provides investor services to over 300 corporate, comprising the who is
who of Corporate India. KARVY covers the entire spectrum of financial
services such as Stock broking, Depository Participants, Distribution of
l financial products - mutual funds, bonds, fixed deposit, equities,
Insurance Broking, Commodities Broking, Personal Finance Advisory
Services, Merchant Banking & Corporate Finance, placement of equity,
IPOs, among others. Karvy has a professional management team and ranks
among the best in technology, operations and research of various
industrial segments. The birth of Karvy was on a modest scale in 1981. It
began with the vision and enterprise of a small group of practicing
Chartered Accountants who founded the flagship company …Karvy Consultants
Limited. We started with consulting and financial accounting automation,
and carved inroads into the field of registry and share accounting by
1985. Since then, we have utilized our experience and superlative
expertise to go from strength to strength…to better our services, to
provide new ones, to innovate, diversify and in the process, evolved
Karvy as one of India’s premier integrated financial service enterprise.
cial

26
ICICI direct .com ICICI Bank Demat Services boasts of an ever growing
customer base of over 11.5 ever-growing lacs account holders. In our
continuous endeavor to offer best of the class services to our customers
we offer the following features: E-Instructions: You can transfer
securities 24 hours a day, 7 days a week through : securities Internet &
Interactive Voice Response (IVR) at a lower cost. Now with "Speak to
transfer", you can also transfer or pledge instructions through our
customer care officer. Consolidation Demat Account Dematerialise your
physical shares in various holding Account: patterns and consolidate all
such scattered holdings into your primary demat account at reduced cost.
Digitally Signed Statement: Receive your account statement and bill by
email. Statement: Corporate Benefit Tracking Track your dividend,
interest, bonus through your Tracking: account statement. Mobile Request:
Access your demat account by sending SMS to enquire about : Holdings,
Transactions, Bill & ISIN details. Mobile Alerts: Receive SMS alerts for
all debits/credits as well as for an request : any which cannot be
processed.

INDIA INFOLINE The India Infoline Group comprises the holding company,
India Infoline Ltd, which has 4 wholly-owned subsidiaries engaged in
distinct yet complementary businesses owned which together offer a whole
bouquet of products and services to make your money grow. As on date, the
Group employs 4000 plus employees, in over 60 locations, across India.
The corporate structure has evolved to comply with oddities of the
regulatory framework but still beautifully help attain synergy and allow
flexibility to

27
adapt to dynamics of different businesses. The parent company, India
Infoline Ltd owns and manages the web properties www.indiainfoline.com
and www.5paisa.com. It also undertakes research, customized and off-the-
shelf. Launched on 11 May 1999, www.indiainfoline.com is India’s leading
and most comprehensive business and financial information website. The
site provides quality information and analysis - earlier restricted to a
few people - to the common man, absolutely free! The site has met with an
overwhelming response and has been reviewed as the most comprehensive
financial content website in India by BBC World - Money Watch, Business
World, Business Line and others. The company also won the Golden Mouse
Award in India Internet World 2000 for the "Best Finance" site. In May
2001, our website was included in the Top 200 Best of the Web list by
Forbes Global under the Asia Investing category. We were the only website
from India to be featured in any category. Since then it has been
nominated twice to this list. In its last review, Forbes editors have
said, "www.indiainfoline.com is a must read for the investors in South
Asia..."

Sharekhan
Sharekhan is a India’s leading stock broker of the retail arm SSKI (Sri
Shantilal Kantiwal,Ishwarlal Pvt. Ltd.), an organization with over eighty
years of experience in the stock market, With more than 240 share shops
in 110 cities, and India’s premier online trading destination.
Sharekhan’s customer enjoy multi channel access to the stock market, and
it offers you trade execution facilities for each as well as derivatives,
on the BSE and the NSE, depository services, commodities trading on the
MCX and NCDEX and most importantly, It bring investment advice tempered
by eighty years of broking experience.

28
Indiabulls
Indiabulls Financial Services Ltd is listed on the National Stock
Exchange, Bombay Stock Exchange, Luxembourg Stock Exchange and London
Stock Exchange. The market capitalization of Indiabulls is around USD 800
million, and the consolidated net worth of the company is around USD 500
million. Indiabulls and its group companies have attracted USD 300
million of equity capital in Foreign Direct Investment (FDI) since March
2000. Some of the large shareholders of Indiabulls are the largest
financial institutions of the world such as Fidelity Funds, Capital
International, Goldman Sachs, Merrill Lynch, Lloyd George and Farallon
Capital.

29
PRODUCT BOUQUET
Angel Oyster Bottom up concentrated portfolio with emphasis on Value
Investing. Objective: • To generate wealth on long term basis rather than
outperform by taking higher risk. • Earlier identification of stock to
ride through the entire investment cycle • Stock picking is based on
hidden values and not the market capitalization. Investment Strategy: • A
blend of Value and growth stocks; high weightage is towards value stock.
• Ensuring a balanced portfolio with a relatively medium risk profile.
Investor Profile: • The scheme would be suited for investors with medium
to high risk appetite having long term perspective Fees and Charges 2%
Asset Management Charges 0.50% brokerage on transactions

30
Angel Blue-chip Bottom up concentrated portfolio with Emphasis on GARP
(Growth at Reasonable Price). Objective: • The scheme will seek to
achieve returns through broad based participation in equity markets by
creating a diversified equity portfolio of medium to large capitalized
companies • Out-performance to sensex will be the prime motive Investment
Strategy: • Major proportion of large and medium capitalized stocks •
Medium capitalized stocks not to exceed 25% • Sectoral exposure not to
exceed 25% Investor Profile: • The scheme would be suited for investors
with medium to low risk appetite, having long term perspective Fees and
Charges • 2% Asset Management Fees • 0.50% Brokerage on transactions

31
Angel Equity Derivatives Fund Bottom up concentrated portfolio with
Equities and Derivatives and Emphasis on Hedging using volatility in the
Markets. Objective: • The scheme will seek to achieve returns through
deployment into Equity assets and partially hedging the portfolio using
options and futures. The objective is to generate moderate returns by
creating margin of safety. • Also the funds lying idle would be deployed
in arbitrage between cash and future and /or place in low maturity debt
funds and low risk F&O Strategies. Investment Strategy: • Investments
would be in fundamentally strong Large cap and Mid Cap companies having
high liquidity in Options. • Partial hedging of open positions would be
done by writing options Investor Profile: • The scheme would be suited
for investors with low to medium risk appetite, having long term
perspective. • Suitable for HNI’s and Corporates who want to park money
for consistent Return from the market even if market remained flat. Fees
and Charges • 1% Asset Management Charges • 0.10% on Delivery and Rs.50
flat on options, 0.03% on futures

32
Angel Growth Bottom up concentrated portfolio with emphasis on growth
Investment. Objective: • To generate capital appreciation in the medium
to long term • Investments in equities and equity related instruments
comprising of predominantly Mid – Cap and Small – Cap. Investment
Strategy: • Creating a Diversified portfolio with the aim to earn return
through broad based participation in equity markets. • Portfolio strives
to insulate an investor from cyclical themes by investing in sector
offering secular growth outlook. • Allocation of sectors and stocks may
be dynamically structured in tune with changes in broader market
conditions. Investor Profile: • The scheme would be suited for investors
with moderate risk appetite. • Recommended investment horizon is 15 to 18
months. Fees and Charges: • 2% Asset Management Charges • 0.5% brokerage
on transactions

33
THE PMS TEAM

• ANGEL OYSTER Chief Investment Officer Mr. Rajen Shah • ANGEL BLUE-CHIP
Fund Manager Mr. Phani Sekhar • ANGEL GROWTH Fund Manager Mr. Phani
Sekhar • ANGEL Equity Derivative Fund Manager Mr. Siddarth Bhamre

34
CHAPTER III

35
INDIAN STOCK MARKET OVER THE YEARS WITH REFERENCE TO LONG, MID AND SHORT
TERM INDEXES AND THERE COMPARISIONS BSE SENSEX (THREE YEARLY DATA) YEAR
Oct 2002 Oct 2005 Oct 2008 6 August 2009 Oct 2011
th

SENSEX 2949. 7892.31 9788.06 15514.03 ?

VOLUME (in Crore) 3009 12950 26980 56780 ?

THREE YEARLY COMPARISION FROM THE YEAR 2002 In investing psychology of
BSE-SENSEX and their depth study as shown in the above table, speaks
itself, a lot of variations, but in a three year period which is said to
be a long run in financial fields the market has shown steady growth over
the period from 2002 to 2009. In terms of growth SENSEX pushes to 7892.31
in October 2005 from 2949 in October 2002, that’s interestingly and more
astonishingly growing in Indian stock market of 4943 points in three
years The growth continues till now and the investor also believes that,
as the investor growth rate can suggest which has rapidly increased,
during last seven years. A long run in Indian stock market with a
calculative mind which will take to you and you’re investing into a
different stage of returns all together. I ask you a normal question,
after looking up the table, what will be your next figure, if you can’t
predict, at least suggest what you will go for, with your calculative,
speculative and energetic mind…?

36
COMPARISION (linked relation) OCTOBER 2005 WITH OCTOBER 2002 The SENSEX
show a steady movement and moves to 7892.31 from 2949 in 2002 this is the
increase of 4943.31 points and the percentage increase is 62.63% and to
increase in volume of trade is of 76.76% that is from 3009 to 12950. This
is phenomenal.

OCTOBER 2008 WITH OCTOBER 2205 During this time the SENSEX reached the
height of 9788.06 from 7892.31 which the increase of 1895.75 points and
percentage of 19.36, and the volume also increased to 26980 from 12950
which is 52% increase.

6th AUGUST 2009 WITH OCTOBER 2008 The SENSEX is at the height of 15514.03
from 9788.06 that’s the increase of 5725.97 points at the percentage of
36.90% and the increase in volume is 56780 from 26980.

NSE-NIFTY (THREE YEARLY DATA)

YEAR Oct 2002 Oct 2005 Oct 2008 6th August 2009 Oct 2011

NIFTY 951.4 2316.05 2885.6 4585.5 ?

VOLUME 3179.00 5180.95 12242.10 21069.95 ?

37
COMPARISION (linked relation) As the comparison of BSE SENSEX shows the
growth in every three year period, the NSE NIFTY tables also shows that
in October 2002 from 951.4 to 2316.05 in October 2005, that’s a growth of
almost 1365 points. In continuation in every three year period of span
the investor can grow his returns with heavy percentages. A long run
investment from any date in the stock market will provide you assurance
that the money invested will have a growth more than any life insurance
policies or the bank rate of interest. Variation and fluctuations in the
day to day business will give you a shock as well as surprise; you will
loose and gain with the rapid rate in day to day activities of the share
market but in the long run it will prove you steady growth of returns.
OCTOBER 2005 WITH OCTOBER 2002 Here we can see that the NIFTY is showed a
steady increase upwards and reached to 2316.05 from 951.4 in October 2002
this is the increase of 1364.65 points at the percentage rate of 58.92%
and the volume increased to 5180.95 from 3179.00 that is 38.64%.

OCTOBER 2008 WITH OCTOBER 2005 During this time the NIFTY moved to 2885.6
from 2316.05 that’s the increase of 569.55 points and 19.73% and the
volume increased from 5180.95 to 12242.10 that is 57.67%.

6th AUGUST 2009 WITH OCTOBER 2008 The NIFTY increased to 4585.5 from
2885.6 that’s the increase of 1699.9 and percentage increase of 37.07%
38
INDIAN STOCK MARKETS IN LAST FIVE YEARS BSE-SENSEX (YEARLY DATA) OCT 2004
OCT 2005 OCT 2006 OCT 2007 0CT 2008 6th AUGUST 2009 5627.27 7892.13
12961.9 19837.99 9788.06 15514.03 14700.00 12950.00 23690.00 46470.00
26980.00 56780.00

NSE-NIFTY (YEARLY DATA) YEAR OCT 2004 OCT 2005 OCT 2006 OCT 2007 OCT 2008
6th AUGUST 2009 NIFTY 1786.9 2316.05 3769.1 5900.65 2885.6 4585.5 VOLUME
3960 5180.95 8423.57 22675.18 12242.10 21069.95

A yearly comparison speaks a theory too, and that's its rate, you can be
in positive point of view with 80% dependability on the fixed sources of
SENSEX. It has a major variation in the year 2008, due to bank failures
in USA and FDI reduces to Indian stock market. The period of this down
fall is also known as the biggest recession in the world.

39
Indian stock market dips despite of taking various precautionary steps
just to show that it’s collectively attached to the other markets.
December 2007 to December 2008 was the extremes of limits in any given
year, in the Indian stock market, as it reaches to more than 21000 points
in mid January and goes to the lowest points in less than one year, it
happens in the same year when the SENSEX was around 8700 points, loss of
12300 points. A major set back was on but government of India was totally
in control, which helps and puts the break on vehicle, leading towards
the well.

BSE SENSEX (FOUR MONTHLY DATA) MONTHS/YEARS OCT 2004 FEB 2005 JUNE OCT
FEB 2006 JUNE OCT FEB 2007 JUNE OCT FEB 2008 JUNE OCT FEB 2009 JUNE 6th
AUGUST SENSEX 5627.27 6713.85 7193.85 7892.13 10370.24 10609.25 12961.9
12938.09 14650.51 19837.99 17578.72 13461.6 9788.06 8891.61 14493.84
15514.03 VOLUME (in Crore) 14700.00 18200.00 9700.00 12950.00 31800.00
15830.00 23690.00 33370.00 32450.00 46470.00 36200.00 28710.00 26980.00
22690.00 49940.00 56780.00

40
COMPARISION (linked relation) A four monthly comparison from the table
suggest that it’s a rapid fire or a T-twenty. You can gain too much and
loose too much, for this short period of time, your portfolio will depend
on your thoughts, needs and more importantly your knowledge. A percentage
gain from investing is the important tool or you can say their objective
in a very short period of span. Risk is there and it’s too high in
comparison to a year table, and a lot higher in terms of long term
investment, but the growth rate, which involves the investors to grow
their money on a fertile stock market, ignoring the climate or the actual
conditions of the market.

FOUR MONTHLY COMPARISION   FROM THE YEAR 2004 ON BSE SENSEX AS PER
ANNEXTURES FEB 2005 WITH   OCT 2004 The SENSEX grows to 6713.85 from
5627.27, that’s a growth   of 16.19% and volume of shares also increase to
18200 from 14700, that’s   a growth of 19.23% in four months period.

JUNE 2005 WITH FEB 2005 The BSE SENSEX increases to 7193.85 from 6713.85
that’s a growth of 480 points with a percentage of just 6.67 and the
volume dips to 9700 from 18200 that’s a decrease of about 46.71%.

41
OCTOBER 2005 WITH JUNE 2005 The BSE SENSEX increase to 7892.13 from
7193.85 that’s a growth of 698 points with a percentage of 8.84 and the
volume increase to 12950 from 9700 that’s a increase of 25.10%.

FEBRUARY 2006 WITH OCTOBER 2005 The SENSEX increase to 10370.24 from
7892.13 that’s a growth of 2478 points with a percentage of 23.89 and the
volume increase to 31800 from 23690 that’s a increase of 25.50%.

JUNE 2006 WITH FEBURARY 2006 The SENSEX increase to 10609.25 from
10370.24 that’s a growth of 239.01 with a percentage of 2.25 and volume
decrease to 15830 from 31800 that’s a decrease of 50.22% to February’s
volume

OCTOBER 2006 WITH JUNE 2006 The SENSEX increase to 12961.9 from 10609.25
that’s a growth of 2352.65 with a percentage of 18.15 and volume increase
to 23690 from 15830, that’s a increase of about 33.17% of June’s volume.

FEBRUARY 2007 WITH OCTOBER 2006 The SENSEX decrease to 12938.09 from
12961.9 that’s a dip of 23.81 points with a percentage of 0.18 and volume
increase to 33370.00 from 23690.00, that’s a increase of about 29%.

42
FEBURARY 2007 WITH JUNE 2007 The SENSEX increase to 14650.51 from
12938.09 that’s a increase of 1712.42 points with a percentage of 11.68%
and volume decreased to 32450 from 33370, that’s a decrease of 2.75% to
February’s volume.

JUNE 2007 WITH OCTOBER 2007 The SENSEX increases to19837.99 from 14650.51
showing the increase of 5187.48 points with the percentage increase of
26.14, and during this time the volume increase to 46470 from 32450,
that’s a increase of 30.17%.

OCTOBER 2007 WITH FEBRUARY 2008 The BSE SENSEX decreased to 17587.72 from
19837.99, that is the decrease of 2250.72 points with the percentage
decrease of 11.34, and during this time the volume to trade also
decreased to 36200 from 46470, which is decrease of 22.10%.

FEBRUARY 2008 WITH JUNE 2008 During this time the BSE SENSEX decreased to
13461.60 from 17578.72 which is change by 23.42% and, the volume
decreased to 28710 from 36200, that’s a decrease of 20.69%. JUNE 2008
WITH OCTOBER 2008 The SENSEX decreased to 9788.06 from 13461.6 that’s a
decrease of 3673.54 points with a percentage of 27.28, and the volume
dips to 26980 from 28710 that’s the decrease of 6.02% of June’s volume.

43
OCTOBER 2008 WITH FEBRUARY 2009 The SENSEX decreased to 8891.61 from
9788.06 that’s a decrease of 896.45 points with a percentage of 9.15, and
the volume dips to 22690 from 26980 that’s a decrease of 15.9%

FEBURARY 2009 TO JUNE 2009 The SENSEX increased to 14493.84 from 8891.61
which is a increase of 5602.23 with a percentage of 38.65, the volume
increased to 49940 from 22690 that’s a increase of 54.56%.

JUNE 2009 TO 6th AUGUST 2009 The SENSEX increased to 15514.03 from
14493.84 which is the increase of 1020.19 with a increase of 6.56%, and
the volume increased to 56780 from 49940 which is the percentage increase
of 12.04%.

INDIAN STOCK MARKET IN LAST FIVE YEARS NSE NIFTY (FOUR MONTHLY DATA)
MONTH/YEAR Oct 2004 Feb 2005 June Oct Feb 2006 June Oct Feb 2007 NIFTY
1786.9 2103.25 2220.6 2316.05 3074.7 3128.2 3769.1 3745.3 VOLUME 3960.00
6390.00 7170.00 5180.95 8711.93 7067.47 8423.57 12686.73

44
June Oct Feb 2008 June Oct Feb 2009 June 6th august

4318.3 5900.65 5223.5 4040.55 2885.6 2763.65 4291.1 4585.5

10681.49 22675.18 15816.64 11450.59 12242.10 8898.93 19339.45 21069.95

COMPARISION (linked relation) FOUR MONTHLY COMPARISION OF NSE NIFTY FROM
THE YEAR 2004 AS PER GIVEN ANNEXTURE

FEBRUARY 2005 WITH OCTOBER 2004 The NIFTY grows to 2103.25 from 1786.9,
that’s a growth of 316.35points with a percentage of, and the volume
increases to 6390.00 from 3960.00 that’s the increase of about 38%.

JUNE 2005 WITH FEBRUARY 2005 The NIFTY grows to 2220.6 from 2103.25 which
is a growth of 117.35 points with a increase of 5.28%, and the volume
increases to 7170.00 percentage increase of 10.87%. from 6390.00 that’s
the

45
OCTOBER 2005 WITH JUNE 2005 The NIFTY grows to 2316.05 from 2220.6 which
is a growth of 95.45 points with a increase of 4.12%, but the volume
decreased to 5180.95 from 7170.00 which is the increase of 27.74%.

FEBRUARY 2006 WITH OCTOBER 2005 The NIFTY grows to 3074.7 from 2316.05
that is a growth of 758.65 points and the increase by 24.67%, and the
volume increased to 8711.93 from 5180.95 which is the percentage increase
of 40.53.

JUNE 2006 WITH FEBRUARY 2006 The NINFTY shows a little growth and moves
to 3128.2 from 3074.7 that’s the growth of 53.5 points which is 1.71%
increase from February, and the volume decreases to 7067.47 from 8711.93
which is the percentage decrease of 18.87%.

OCTOBER 2006 WITH JUNE 20006 The NIFTY increases to 3769.1 from 3128.2
that’s the increase of 640.9 points and increase of about 17%, and the
volume also increased to 8423.57 from 7067.47 which is the increase of
16.09%.

FEBRUARY 2007 WITH OCTOBER 2006 The NIFTY shows a slight decrease form
3769.1 to 3745.3 which is the difference of just 23.8 points and 0.63%,
and the volume moved to 12686.73 from 8423.57 which is the percentage
change of 33.60%.

46
JUNE 2007 WITH FEBRUARY 2007 The NIFTY increase to 4318.3 from 3745.3
that’s the change of 573 points and 13.26%, and the volume decreased to
10681.49 from 12686.73 that is the percentage decrease of 15.80%.

OCTOBER 2007 WITH JUNE 2007 The NIFTY increased to 5900.65 from 4318.3
this is the change of 1582.35 points and the percentage increase of
26.81%, the volume increased to 22675.18 from 10681.49 which is the
increase of 52.89%.

FEBURARY 2008 WITH OCTOBER 2007 The NIFTY decreases, this time, to 5223.5
from 5900.65, it is the change of 677.15 points and change of 11.47%, and
the volume also decreased to 15816.64 from 22675.18 which is 9.14%

JUNE 2008 WITH FEBRUARY 2008 During this time NIFTY continued decreasing
and reached 4040.55 from 5223.5, that is the decrease of 1182.95 points
which is 22.64%, and the volume decreased to 11450.59 from 15816.64 that
is the decrease of 27.60%.

OCTOBER 2008 WITH JUNE 2008 NIFTY decreases further to 2885.6 from
4040.55 showing the decrease of 1154.95 that is 28.58% of June’s index,
but the volume showed a slight increase and moved to 12242.1 from
11450.59 that’s a increase of 6.42%.

47
FEBRUARY 2009 WITH OCTOBER 2008 NIFTY decreases to 2763.65 from 2885.6
which is 121.95 points and decrease of 4.22%, and the volume showed a
decrease of 27.30% and moved to 8898.93 from 12242.1.

48
SURVEY ON STOCK MARKET AWARENESS
(SAMPLE SIZE OF 100 PEOPLE) In order to know the perspective in the stock
market one very important factor which can not be ignored is the
“awareness level of stock market” among the common public. This was the
main deriving force which generated the need to take this survey. The
sample size is of 100 people and the area of research is near the Angel
Broking ltd’s office, that is, Lalbagh and Hazratganj.

49
→ Occupation

AREA OF WORK
35 30 25 20 15 10 5 0 GOVERNMENT PRIVATE BUSINESS SELF EMPLOYED
GOVERNMENT PRIVATE BUSINESS SELF EMPLOYED

INTERPRETATION

AMONG 100 SAMPLE SIZE

GOVERNMENT

29

PRIVATE

20

BUSINESS

16

SELF EMPLOYED

35

50
INCOME SAVING
60 50 40 30 20 10 0 BELOW 10% 10-25% 25-50% ABOVE 50% BELOW 10% 10-25%
25-50% ABOVE 50%

INTERPRETATION
AMONG 100 SAMPLE SIZE AMONG 100 PERSONS 4 RESPONDENTS DID NOT KNOW ABOUT
THEIR NG SAVING. BELOW 10% 20

10-25%

55

25-50%

19

ABOVE 50%

02

51
INSTRUMENTS FOR SAVING
FD's 70 60 50 40 30 20 10 0 FD's SHARES MUTUAL FUNDS SHARES MUTUAL FUNDS
OTHERS

OTHERS

INTERPRETATION
AMONG 100 SAMPLE SIZE After survey it was found that other investment
like Insurance, SB A/C Etc are highly preferred than other instruments.
Most of the persons invest more than one instrument. Investment ratio of
share and mutual fund are mostly similar. strument. similar.

FD's

40

SHARES

26

MUTUAL FUNDS

27

OTHERS

70

52
INVESTMENT PATTERN

SHORT TERM MID TERM LONG TERM MIX

INTERPRETATION

AMONG 100 SAMPLE SIZE

Mostly Respondents Invest For Long Term Than Other Option.

SHORT TERM

12

MID TERM

19

LONG TERM

47

MIX

22

53
INVESTMENT BASIS
70 60 50 40 30 20 10 0 OWN OBSERVATION TIPS & GUIDANCE MAGAZINES BROKER
OTHERS

INTERPRETATION
AMONG 100 SAMPLE SIZE

OWN OBSERVATION

62

TIPS & GUIDANCES

27

MAGAZINES

06

BROKER

04

OTHERS

01

54
AWARENESS OF EQUITY/COMMODITY MARKET

YES YES NO NO

46

47

48

49

50

51

52

INTERPRETATION

AMONG 100 SAMPLE SIZE Among 100 People 48 Are Not Aware About Equity &
Commodity Market and 52 Are Aware.

55
AGE GROUP OF RESPONDENTS
30

20-40 40-60 70

DEMAT & TRADING A/C
30 25 20 15 10 5 0 Angel SSKI ICICI OTHERS Angel SSKI ICICI OTHERS

56
FACILITIES AVAILABLE FROM BROKERS
12 16 SMS CALL MAIL ALL

10 8

INTERPRETATION AMONG 100 SAMPLE SIZE Among 100 People 48 Are Not Aware
About Equity & Commodity Market and 52 Are Most of the Respondent Get Sms
& Call Facility. SMS Facility 12

Call Alert

10

Mail Alert

08

All of the Above

16

57
CHAPTER IV

58
FINDINGS AND CONCLUSION and SUGGESTIONS FINDINGS YEAR OCT 2004 OCT 2005
OCT 2006 OCT 2007 OCT 2008 AUGUST 2009 SENSEX 5627.27 7892.13 12961.9
19837.99 9788.06 15514.03 NIFTY 1786.9 2316.05 3769.1 5900.65 2885.6
4585.5

25000

20000

15000

SENSEX NIFTY Linear (SENSEX) Linear (NIFTY)

10000

5000

0 2004 2005 2006 2007 2008 2009 2010

The above comparison shows that SENSEX and NIFTY both are parallel to
each other but in terms of growth SENSEX is far too ahead as the top
grade AAA rating
59
companies are listed in it. The projection for the year 2010 in the bar
diagram with a straight line shows the growth in both the markets. Except
in 2008 all the years of market data has increased from the past while in
2008 it was a exception to the rule of growth which is set to be
recession. After analyzing the data according to my sample survey (sample
size 100) I found out that among 100 people 52% are aware about stock
market and 48% are not aware about this market. Only 46% people are
interested to invest in the stock market and rest 6 % are not interested
to invest due to different reasons such as; financial problem, unsafe
market etc.

CONCLUSION
AS BSE SENSEX and NSE NIFTY table and comparisons don’t suggest the exact
value of shares, in which, a investor is trading or their earning and
losses. Day to day fluctuations will increase or decrease his wealth. In
terms of the period, the market variations is too high in short period, a
little steady in a year period of time, and growing in 3 years period.
That doesn’t mean an investor can relax, he has to use considerable
strategy, a wide range of portfolio, depth knowledge of the company,
whose shares are involved in his trading. The industry reports of that
company and above all the governments policies. In the abnormal cases of
boom or recession the market grows rapidly or falls to a bottom in a very
short period of time, even in a day a growth or dip of 1000 or more
points has also been registered but if the changes are more than 1000
points the SEBI guidelines provides a break of one hour to consolidate
the fluctuation, after the break if the fluctuations will register more
than 500 points another break will be provided, and for another 500
points changes will lead to a closure of that day trading. February 2008
to February 2009 was the period when recession in the world, banking
crisis in USA and foreign investors lost their trust in Indian stock
market and even in

60
the world markets too, it was the period when the investors and the
companies lost more than 50% of there wealth. Government of India and the
finance ministry had to put three packages of 20,000 crores in different
period of time to control the huge losses incurred in other period even
though the first package was just a dissolving factor in the recession as
the news comes out from USA of bankruptcy of top financial organizations
(banks). The news was too big for the Indian investors to believe in the
packages of the Indian government so the market has not changed much
despite of that huge amount. In every 5 year time the BSE and NSE grows
thrice to its value as it suggest from the year 2004 to 2009 despite of
having major fluctuations, recessions, booms and change in investor’s
psychology. As major part of the investors goes for long term investment
with a view of fewer returns but more protection to their savings, the
Indian investors still goes for life insurance policies and bank fixed
deposits as they take there their own decisions when investing their
savings. Indian investor is divided in age groups when it comes to invest
their savings a 20 to 40 year old person is ready to take some risk now
and they are going for stock markets and mutual funds. A 40 to 60 year
old person is still going for bank FD’s and life insurance policies and
they just wanted to secure their savings without taking any risk.

SUGGESTIONS

                                                      k market with a
calculative mind will take you and you’re investing into a different
stage of (higher) returns all together. Variation and fluctuations in the
day to day business will give you a shock as well as surprise; you will
loose and gain with the rapid rate in day to day
61
activities of the share market but in the long run it will prove you
steady growth of returns. A yearly comparison speaks a theory too, and
that's its rate, you can be in positive point of view with 80%
dependability on the fixed sources of SENSEX.

For mid-
investment say- monthly, will lead to a steady growth of return which
will be more than the deposits in bank and the inflation rate. 2004 to
2009 data represents a growth of more than 40% every year except in the
year 2008 when the recession was on. Fluctuations in a very short period
should be avoided and ignored to complete the period of investment to
maximize the returns which is 40% to 64% in at least one year period.



For short-
investors just wanted to insure their day to day profits but they ignored
the market condition and other economic factors. A rapid growth can be
registered in a very short period which excites the youth to invest more
and more into the stock market but it requires a deep knowledge of the
market or it can result into huge losses. Short term investors should
invest the money regularly as their some investment will be on the higher
value of market and their some investment will be when the market is low,
so the average invested amount and the average market will be in
equilibrium position.




Patience, strategy, knowledge about the market, investing policies,
portfolio management, ratings of the company, government policies, etc.
are some of the major factors to boom your returns despite of the
fluctuations.

62
ANNEXTURE I
QUESTIONNAIRE
Security market survey - sheet Name…………………………………………. Ph.
No………………………………………... Age…………… Gender: M/F

Tick out the correct option in question 1 to 12 given below: Q1. In which
sector do you work? (a) Government sector (b) Self employed Q2. What % of
your income do you save? (a) Below 10% (b) 10-25% (c) 25-50% (d) above
50% (c) private sector (d) business

Q3. Which instrument do you prefer for your saving? (a) FD (b) Shares Q4.
Please specify the investment pattern. (a) Short-term (b) Mid-term Q5.
You invest on the basis of: (a) Own observation (b) Tips & Guidance (c)
Magazines (d) Brokers (c) Long-term (d) Mix (c) mutual funds (d) others…

63
(e) Others Q6. Are you aware of securities market? (a) Yes (b) no

Q7. Which broking company you prefer for trading? (a) Angel broking ltd.
(b) Share khan Q8. Why you have selected this company (a) Good services
(b) Low brokerage (c) Company background (d) other (c) ICICI direct (d)
others

Q9. What is the ratio of your investment in trading? (a) 20:80 (b) 30:70
(c) 60:40 (d) 50:50

Q10. Which facility do you avail from your broker? (a) Sms facility (b)
Call alert (c) mail alert (d) all of the above.

Dear respondent, I and my organization are very thankful to give your
support.

Date: (signature) Place:

64
ANNEXTURE II BSE-SENSEX FROM 2004(four monthly)

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66
67
68
69
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ANNEXTURE III NSE-NIFTY FROM 2004(four monthly)

72
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BIBLOGRAPHY

Organization journals and booklets Websites:
www.google.com www.rediff.com www.nseindia.com

www.bseindia.com
www.Angeltrade.com www.icicidirect.com www.indiabulls.com www.karvy.com
www.sharekhan.com

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