SUMMERINTERSHIP PROJECT
“FUTURE OF METALS AS
COMMODITY IN INDIA”
Project Report Submitted Towards Partial Fulfillment of “Master of Business Administration Degree”
(Affiliated to MTU and Approved by AICTE) 2013-2014
SUBMITTED TO: - SUBMITTED BY:- Mrs. Kavita Indrapurkar VARUN KUMAR RAVI 1271270097 PREFACE
The successful completion of this project was a unique experience for me because by visiting many place and interacting various person, I achieved a better knowledge about commodity metal market. The experience which I gained by doing this project was essential at this turning point of my carrier. This project is being submitted which content detailed analysis of the research under taken by me.
The research provides an opportunity to the students to devote his skills knowledge and competencies required during the technical session.
The research on the topic “FUTURE OF METALS AS COMMODITY IN INDIA” ACKNOWLEDGEMENT
“For any successful work, it owes its thanks to many” Hardwork, knowledge, dedication, and positive attitude all are necessary to do any task successfully but one ingredient which is also very important than others and at a time more important than others in co-operation and guidance of experts and experienced person. I I am very gratatefeful toto Prof. Kavita Indrapurkar who was my guidide duriring ththe develolopment of ththis projoject and it was her r guidance and assistance which help me in completing my project and I am thankful for her support and friendly guidance. I would also like to express my heartful regards to my parents, my frfriends and company mentor (Mr. Ashok kumar, Area Co-- ordinator, Reliance LEAP) & staff of Reliance Securities and others who directly or indirectly help me a lot for the successful completion of my project report. So now where my training has been completed and my heart is full of gratification, so I cannot forgot to thanks the Almighty God. His blessisings help me everywhere in my lilife. Thanks God…… ((Varun Kumar Ravi) DECLARATION
I Varun Kumar Ravi student of IIMT Group of Colleges Batch(2012-14) declare that every part of the Project Report Future of Metals As Commodity in India I have submitted is my original work I was in regular contact with the nominated faculty guide and contacted Prof. Kavita Indrapurkar several times for discussing the project.
Date of project submission:______
(Varun Kumar Ravi)
Faculty’s Comments : ______
(Prof. Kavita Indrapurkar) TABLE OF CONTENTS
CONTENT PAGE NO.
INTRODUCTION 6
COMPANY PROFILE 12
ORGANISATION STRUCTURE
VISION & MISSION OF THE ORGANIZATION
OBJECTIVE OF STUDY 29
RESEARCH METHODOLOGY 31
DATA ANALYSIS AND INTERPRETATION 37
CONCLUSION 80
LIMITATIONS OF STUDY 82
RECOMMENDATION 84
BIBLIOGRAPHY 86
ANNEXURE 88 INTRODUCTION TO “COMMODITY”
Any product that can be used for commerce or an article of commerce which is traded on an authorized commodity exchange is known as commodity. The article should be movable of value, something which is bought or sold and which is produced or used as the subject or barter or sale. In short commodity includes all kinds of goods. Indian Forward Contracts (Regulation) Act (FCRA), 1952 defines “goods” as “every kind of movable property other than actionable claims, money and securities”. In current situation, all goods and products of agricultural (including plantation), mineral and fossil origin are allowed for commodity trading recognized under the FCRA. The national commodity exchanges, recognized by the Central Government, permits commodities which include precious (gold and silver) and non-ferrous metals, cereals and pulses, ginned and un-ginned cotton, oilseeds, oils and oilcakes, raw jute and jute goods, sugar and gur, potatoes and onions, coffee and tea, rubber and spices etc.
COMMODITY EXCHANGE
A commodity exchange is an association or a company or any other body corporate organizing futures trading in commodities for which license has been granted by regulating authority.
COMMODITY MARKET
Commodity market refers to physical or virtual transactions of buying and selling involving raw or primary commodities. A soft commodity generally refers to commodities harvested as products like coffee, cocoa, sugar , corn, wheat, soybean, and fruit traded in the commodity market. Hard commodities usually refer to commodities that are extracted such as (gold, rubber , oil). While commodities may be grouped for regulation purposes etc., in large classes such as energy, agricultural including livestock, precious metals, industrial metals, other Gold has been highly valued for thousands of years and is as popular now as it has ever been; as jewellery, as a financial asset and as an industrial product. However, the social value that the gold industry adds to societies around the world, especially in poorer countries, is less understood.
Gold mining is vital to the fragile economies of many developing countries, which account for over 70% of global gold production. In addition to generating export revenue in these countries, gold production provides royalty and tax income to their governments, technology transfer, worker training and the creation of a skilled workforce.
Gold mining can also bring substantial improvements in physical, social, legal and financial infrastructure. In many of these countries, gold mining is a foundation industry that often provides the critical mass for the development of electricity, water, road and rail transport in a region, factors that are the essential foundations of an economy. This
characteristic of the industry is particularly important in Africa where lack of infrastructure has been identified as one of the major hindrances to economic development.
The majority of the jewellery purchased in the Middle East and Asia is used as a means of saving in addition to its function as an adornment. The use of jewellery as savings is often important in rural areas where access to a reliable and appropriate banking system is difficult or impossible. Gold also offers protection against a weak currency or high domestic inflation levels, which are prevalent and presistant problems in the developing world.
Investment in gold - why? The real value of gold is not that it provides a quick, speculative fix, but that it can provide a sure and steady means of protecting wealth and enhance the consistency of returns.
With gold's role as a portfolio diversifier, a hedge against inflation and exposure to the dollar, there are several compelling arguments for investing a portion of one's portfolio in the yellow metal.
1.Portfolio Diverfication
Most investment portfolios are invested primarily in traditional financial assets such as stocks and bonds. The reason for holding diverse investments is to protect the portfolio against fluctuations in the value of any single asset class. Portfolios that contain gold are generally more robust and better able to cope with market uncertainties than those that don't.
Adding gold to a portfolio introduces an entirely different class of asset. Gold is unusual because it is both a commodity and a monetary asset and is an effective diversifier because its performance tends to move independently of other investments. 2. Dollar Hedge:
Gold is often cited as being an effective hedge against fluctuations in the US dollar, the world's main trading currency. If the dollar appreciates, the dollar gold price falls and similarly a fall in the dollar relative to the other main currencies produces a rise in the gold price.
Like all physical commodities, gold is an asset that bears no credit risk. Holding assets in the yellow metal involves no counterparty and is no one's liability. In addition to that, the physical properties of the metal make it an excellent alternative to money.
3. Durable:
Gold is durable. Unlike many of the other commodities examined, other things remaining equal (i.e. assuming no changes in price), there is no depreciation in the value of gold, other than any storage costs that might apply. Gold is fungible. It is, at least in theory, infinitely divisible with virtually no losses (other than any operational costs the process might incur).
Furthermore, gold has a high value to volume ratio, which makes it easily transferable, with low transport and storage costs. Moreover, gold is one of the deepest commodity markets with the highest levels of liquidity, second only to oil.
4. Inflation
The purchasing power of gold has not bread. Today, an ounce of gold still buys 350 loaves. The value of gold therefore, in terms of real goods and services that it can buy, has remained remarkably stable. In contrast, the purchasing power of many currencies has generally declined. There is a growing body of research to bolster gold's reputation as a protector of wealth against the ravages of inflation. Market cycles come and go, but gold has maintained its long term value.
5. Safe Havon
In volatile and uncertain times, we often witness a ‘flight to quality', as investors seek to protect their capital by moving it into assets considered to be safer stores of value.
Gold is among only a handful of financial assets that is not matched by a liability. It can provide insurance against extreme movements on the value of traditional asset classes that can happen in unsettled times.
6. Liquidity
Gold's liquidity is one of its critical investment attributes. Gold can be traded around the clock in larger size, at narrower spreads and more rapidly than many competing diversifiers or mainstream investments.
B) Silver Introduction
Silver is a white colored shiny element that is highly ductile and malleable and is used in making jewelry, coins and tableware. It is also used in chemical experiments as it provides a high electrical and thermal conductivity. It is found in the metallic state and also in a large amount of minerals mainly in argentite. That is why it is called argentum in Latin
Silver is a metal that is associated with metals like gold, lead, zinc and copper, though it’s unusual properties makes it very different from them. It is used in making various kinds of jewelry, as it is considered as a precious metal second to gold but its contribution in the various industrial sectors as a raw material makes it unmatchable. No other metal can replace silver as it has an endless number of uses.
Silver is produced throughout the world but an interesting fact remains that the primary source of silver is not the silver mines but the other sources of silver. Silver mines produce a small amount of silver that is 25% of the world’s total production and the rest of it is derived as a by-product from gold mines (15%), copper mines (24%), lead and diminished since Biblical times. According to the Old Testament, during the reign of King Nebuchadnezzar, an ounce of gold bought 350 loaves of zinc mines (34%) and other sources. The total production of silver in the world figures to be around 615 million ounces and Mexico is the leading silver producing country. The total demand of silver in the world amounts to be around 29 thousand tons. About 95% of this demand is contributed largely by three industrial sectors namely photography, jewelry and silverware sectors. The idea of silver as a holding asset and as a source of coinage is losing popularity to the idea of silver as an industrial commodity. The demand of silver in 2002 from these sectors was: -
Photography sector – 342 million ounces Jewelry sector – 205 million ounces Silverware sector – 259 million ounces
The countries that are the major consumers of silver are: - United states, Canada, Mexico, United Kingdom, France, Germany, Italy, Japan and India
Production of silver in India
India hardly produces any silver and is basically a silver importing country. It holds the 20th place in the list of silver producing countries and the total production of silver in India in 2004 was around 2.1 million ounces. The three major silver producing states in India are: - Rajasthan, Gujarat, Jharkhand.
Rajasthan is the leading silver producing state in India with a production of around 32 thousand tons. Gujarat follows on the second place with a production of around 20 thousand tons.
Indian Silver Market:
RELIANCE MONEY IS A GROUP COMPANY OF RELIANCE CAPITAL; ONE OF INDIA'S LEADING AND FASTEST GROWING PRIVATE SECTOR FINANCIAL SERVICES COMPANIES, RANKING AMONG THE TOP 3 PRIVATE SECTOR FINANCIAL SERVICES AND BANKING COMPANIES, IN TERMS OF NET WORTH. RELIANCE CAPITAL IS A PART OF THE RELIANCE ANIL DHIRUBHAI AMBANI GROUP.
RELIANCE MONEY IS A COMPREHENSIVE ELECTRONIC TRANSACTION PLATFORM OFFERING A WIDE RANGE OF ASSET CLASSES. ITS ENDEAVOR IS TO CHANGE THE WAY INDIA TRANSACTS IN FINANCIAL MARKETS AND AVAILS FINANCIAL SERVICES. RELIANCE MONEY IS A SINGLE WINDOW, ENABLING YOU TO ACCESS, AMONGST OTHERS IN EQUITIES, EQUITY & COMMODITIES DERIVATIVES, MUTUAL FUNDS, IPOS, LIFE & GENERAL INSURANCE PRODUCTS, OFFSHORE INVESTMENTS, MONEY TRANSFER, MONEY CHANGING AND CREDIT CARDS.
RCL is registered as a depository participant with National Securities Depository
Ltd (NSDL) and Central Depository Services Ltd (CDSL) under the Securities
and Exchange Board of India (Depositories and Participants) Regulations, 1996.
RCL has sponsored the Reliance Mutual Fund within the framework of the
Securities and Exchange Board of India (Mutual Fund) Regulations, 1996.RCL
primarily focuses on funding projects in the infrastructure sector and supports the
growth of its subsidiary companies, Reliance Capital Asset Management Limited, Life Insurance
Life insurance helps Provide financial assurance & security for your dependents & loved ones. It is an important part of the financial planning bouquet for all individuals & families. Life insurance products offer comprehensive financial solutions which besides offering financial security also provide opportunity for saving, investment & tax planning.
About Reliance General Insurance
Reliance General Insurance, a Subsidiary of Reliance Capital, is one of the first non-life
companies to get the license from the IRDA. RGICL offers an exhaustive range of insurance
products that covers most risks including Property, Marine, Casualty and Liability.
It is a system by which the losses suffered by a few are spread over many, exposed to similar risks. Insurance is a protection against financial loss arising on the happening of an unexpected event.
It is a hedge against the occurrence of unforeseen incidents. Insurance products help you in not only mitigating risks but also helps you by providing a financial cushion against adverse financial burdens suffered.
Accidents... illness... fire... financial securities are the things you'd like to worry about any time. General Insurance provides you the much-needed protection against such unforeseen events. Unlike Life Insurance, General Insurance is not meant to offer returns but is a protection against contingencies. Under certain Acts of Parliament, some types of insurance like Motor Insurance and Public Liability Insurance have been made compulsory.
Vision
To be an insurer of World Standards and the most preferred choice for clientele at the
domestic and global level.
Mission
Our Mission is to keep the customer satisfaction as focal point of all our operations,
adopt the best international practices in underwriting, claims and customer service, be
the most innovative in product development, establish presence all over India, ensure
sustained value addition to all stake holders and to uphold Corporate Value &
Corporate Governance.
Objectives
Make affordable insurance accessible to all Keep customer as focal point for all operations
Protect policy holders interests Adopt best international practices in
claims, underwriting and policy servicing Be the most innovative in
product development Establish Pan India presence Value propositions
Risk Evaluation: Provide expertise in risk evaluation and risk
mitigation leading to the most appropriate risk transfer solution.
Post sales services: Differentiate on service parameters by
ensuring prompt and correct documentation& fair, transparent,
speedy claims settlement.
New products: Introduce innovative products suited to specific
market segments
Training: Extensive training to the employees involved in
underwriting and claims to ensure availability of a varied
experienced and competent team to cater to the customer needs.
Technology: Use IT as a means to provide for a far superior
customer experience in terms of access, speed and simplicity
Reinsurance backing: Apart from using capacity of the national
reinsurer, establish relationships with the best reinsurers across the
world. ANALYSIS OF TABLE
From the above table we can analyze that most of the people we surveyed are aware of the securities market Above table shows that out of 150 people surveyed around 81% were aware of the METALS market & remaining 19% were ststilill to know what METALSS market is all about . The information shows the people’s growing concern towards theieir money whicich is infact the result of growing investments in the METALS market and other investment areas. PURPOSE OF INVESTMENT:-
REASONS FOR INVESTMENT NUMBER OF RESPONDENTS
HIGH RETURN 8585 TAX EXEMPTION 4242 FUTURE BENEFITS 7878 OTHERS 0202
PURPOSE OF INVESTMENT
OTHERS FUTURE 1% BENEFITS HIGH RETURN 38% 41%
TTAX EXEMPTION 20% ANALYSIS OF TABLE
oo Investment in layman’s language is just addition of units of profit into the capital. The purpose of investment can be to save for the future or to ggeet ttaaxx exemptions or to get higher returns like in stock market .
oo If we analyze the above table 41% people have opted for higher returns. 38% people have opted for future benefits & 20% have opted for tax exemptions.
oo Therefore we can conclude from the above table that the purpose of investment is the mixed bunch of all the things . people want invest to save their tax , they want to invest for the future benefits or gains arising out of the investments . MARKET THAT GIVES HIGHEST RETURNS:-
MARKET NUMBER OF RESPONDENTS
MUTUALF UNDS 60
SHAREM ARKET 40
REALES TATE 94
ANYOT HER 13
MARKET OF HIGH RETURNS
OTHERS 13
REAL ESTATE 94
NUMBER OF RESPONDENTS SHARE 40 MARKET
MUTUAL 60 FUNDS
0 20 40 60 80 100 ANALYSIS OF TABLE
The stock market or the securities market in India witnessed several changes since the year 2005 and 2008 which further refined the market scenario & broadened investment choices for the investors . But in comparison to securities market , the real estate market had already seen a booming period & is still one of the most preferred area of investment for the people in general . Apart from these two there are some more options available for the investments like mutual funds , insurance etc . From the above table we can conclude that out of 150 people around 45% want to invest in real estate market, 28% want to invest in mutual funds & around 20% in securities market & the rest in others . The reason for the less no. of investments in securities market is the amount of risk involved in this market . RESPONDENT’S PREFERRED AREA OF INVESTMENT:-
AREA OF INVESTMENT NUMBER OF RESPONDENTS
POSTO FFICE 24
FIXEDD EPOSITS 11
MUTUALF UNDS 54
INSURANCE 44
EQUITY 60
BONDS 14
AREA OF INVESTMENT
BONDS POST OFFICE 7% 12% FIXED DEPOSIT EQUITY 5% 29% MUTUAL FUNDS 26%
INSURANCE 21% PERCENTAGE OF SALARY INVESTED:-
%O FE ARNINGS NUMBERO F RESPONDENTS
10%OF EA RNINGS 30
20%OF EA RNINGS 40
25%OF EA RNINGS 97
30%OF EA RNINGS 4O ANALYSIS OF TABLE
When we think of making investment in any field, first thing that strikes in our mind is what part of our earnings we are ready to invest in the decided sector.
We invest according to the current position of the sector. Above table clearly shows that 19% people invest 30% of their earnings , 14% people invest 10% of their earnings , 19% invest 20% of their earning and 48% people invest 25% of their earnings which is the maximum percentage.
All these figures depend upon the interest level of the investor. RISK AND RETURN
TYPE OF INVESTMENTS NUMBER OF RESPODENTS
HIGH RISK HIGH RETURN 27
LOW RISK HIGH RETURN 123
TYPE OF INVESTMENT
140
120
100
80 NUMBER OF 123 RESPONDENTS 60
40
20 27
0 HIGH RISK HIGH LOW RISK HIGH RETURN RETURN From the above table we can analyze that most of the people we surveyed are occasanely purchase of the metals
They some of the people metals purchase in daily
THE RECENT TRENDS IN THE STOCK MARKET
THE BACKGROUND
Stock Market
Stock Market is a market where the trading of company stock, both listed securities and unlisted takes place. It is different from stock exchange because it includes all the national stock exchanges of the country. For example, we use the term, "the stock market was up today" or "the stock market bubble." • Bombay Stock Exchange (BSE) • National Stock Exchange (NSE) • Regional Stock Exchanges
o Bhubaneshwar Stock Exchange
o Coimbatore Stock Exchange
o Delhi Stock Exchange
o Guwahati Stock Exchange
o Madhya Pradesh Stock Exchange
o Meerut Stock Exchange
o OTC Exchange Of India
o Saurashtra Kutch Stock Exchange
o Uttar Pradesh Stock Exchange
o Vadodara Stock Exchange History of Indian Stock Market
Indian stock market marks to be one of the oldest stock market in
Asia. It dates back to the close of 18th century when the East India
Company used to transact loan securities. In the 1830s, trading on
corporate stocks and shares in Bank and Cotton presses took place
in Bombay. Though the trading was broad but the brokers were
hardly half dozen during 1840 and 1850.In 1860, the exchange
flourished with 60 brokers. In fact the 'Share Mania' in India began
when the American Civil War broke and the cotton supply from the
US to Europe stopped. Further the brokers increased to 250. At the
end of the war in 1874, the market found a place in a street (now
called Dalal Street). In 1887, "Native Share and Stock Brokers'
Association" was established. In 1895, the exchange acquired a
premise in the street which was inaugurated in 1899. Stock Trading
Screen Based Trading
The trading on stock exchanges in India used to take place through
open outcry without use of information technology for immediate
matching or recording of trades. This was time consuming and
inefficient. This imposed limits on trading volumes and efficiency. In
order to provide efficiency, liquidity and transparency, NSE
introduced a nationwide, on-line, fully automated screen based
trading system (SBTS) where a member can punch into the computer
the quantities of a security and the price at which he would like to
transact, and the transaction is executed as soon as a matching sale
or buy order from a counter party is found.
NEAT
NSE is the first exchange in the world to use satellite communication
technology for trading. Its trading system, called National Exchange
for Automated Trading (NEAT), is a state of-the-art client server
based application. At the server end all trading information is stored
in an in memory database to achieve minimum response time and
maximum system availability for users. It has uptime record of
99.7%. For all trades entered into NEAT system, there is uniform
response time of less than one second. Placing orders with the broker
You may go to the broker’s office or place an order on the
phone/internet or as defined in the Model Agreement , which every
client needs to enter into with his or her broker.
Products in the Secondary Markets
Following are the main financial products/instruments dealt in the
Secondary market which may be divided broadly into Shares and
Bonds:
Shares
Equity Shares: An equity share, commonly referred to as ordinary
share, represents the form of fractional ownership in a business
venture.
Rights Issue/ Rights Shares: The issue of new securities to
existing shareholders at a ratio to those already held, at a price. For
e.g. a 2:3 rights issue at Rs. 125, would entitle a shareholder to
receive 2 shares for every 3 shares held at a price of Rs. 125 per
share.
Bonus Shares: Shares issued by the companies to their
shareholders free of cost based on the number of shares the
shareholder owns.
Preference shares
Owners of these kind of shares are entitled to a fixed dividend or
dividend calculated at a fixed rate to be paid regularly before
dividend can be paid in respect of equity share. They also enjoy
priority over the equity shareholders in payment of surplus. But in the So we can say stock maret in India is actually in booming period. This is because equity MFs pace with market ,raising more FDI and FII, LOWERING inflation ,strongness in value of Rupee, increase in GDP and PER KAPITA income.
SOME OF THE EXPERT COMMENTS
“ Investors shouldn’t focus on value . Instead they should stick to their asset location plan . If you are underweight on stocks , you should go ahead with your investment plan . If you are overexposed to equity, sell off partly. ”
Sanjiv Shah /EXECUTIVE DIRECTOR, BENCHMARK MF
“The rally is mainly because of strong foreign inflows in the last two years. If it continue ,there would be re-rating of India . Then we may see more money coming into the country. As for investor , they should stick to their asset allocation plan and shouldn’t get swayed by market movements.”
Sanjay sinha / CHIEF INVESTMENT OFFICER, SBI MF
“These are exceptional returns, but this is also an exceptional time. You should extrapolate these returns to the future. These kind of return cann’t be sustainedover a long period.” MADHU SUDAN KELA RELIENCEHEAD MF A REGULATOR
Q-1 who regulates the securities market?
Ans-: The responsibility for regulating the securities market is shared by the
department Of economic affairs (DEA), Department of company affairs (DCA),
Reserve bank of India (RBI), and Securities and exchange board of India (SEBI)
Q-2) Why does securities market need a regulator?
Ans-:The absence of conditions of perfect competition in the securities market
makes the role of a regulator extremely important. The regulator ensures that market
participants behave in a desired manner so that securities market continues to be a major
source of finance for corporate and the government and the interest of the investors are
protected. Moreover it also ensures that all the work being done in the securities market is
being done with trueness and honesty and there should be no malpractices in this market
so that interest of the investors remain positive towards this market. ROLE OF SEBI AS A MARKET REGULATOR
The Securities and Exchange Board of India (SEBI) is the regulatory authority in India established under Section 3 of SEBI Act, 1992. SEBI Act,
1992 provides for establishment of Securities and Exchange Board of
India (SEBI) with statutory powers for-:
(a) Protecting the interests of investors in securities
(b) Promoting the development of the securities market and
(c) Regulating the securities market. Its regulatory jurisdiction extends
(d) Corporates in the issuance of capital and transfer of securities, in
addition to all intermediaries and persons associated with
securities market. SEBI has been obligated to perform the
aforesaid functions by such measures as it thinks fit. In
particular, it has powers for:
Regulating the business in stock exchanges and any other securities markets
Registering and regulating the working of stock brokers, sub–brokers etc.
Promoting and regulating self-regulatory organizations
Prohibiting fraudulent and unfair trade practices
Calling for information from, undertaking inspection,
RECCOMENDATION
•• Proper coordination is important form top to operative level for smooth functioning.
•• Recrcruiuitmenent of exexpeperirienenceced & knknowleledgdgeaeablble pepersrsononal fofor ththee company’s systematic & profitable working.
•• Motitivatining ththe olold & nenew cucustomer foform specicial offers to ininvestt heavily in the market.
•• Training & development programs should be introduced from time to time in accordance to the changing trends in the market & to polish their skills.
•• Library assistance should be provided to the companies
•• Customer relationship management program of the company should be
highlighted from time to time & it should be flexible.
•• BrBroker shshould be quick & cacautious whilile tatakiking ththe orders fromm customers.
•• RELIANCE MONEY should look towards the proper coordination between all the
branches.
•• During the period of opening of D-mat account the customer should be provided with information broacher related to it.
•• Verification of each & every document should be done before the punching of the form.
BIBLIOGRAPHY
BOOKS
Pandey I.M.; Financial management; vikas publishing house pvt. Ltd.
Khan M.Y.; Jain P.K.; Management Accounting; Tata McGraw Hill publishing company limited.
Kothari C.R.; Research Methodology; new age international publishers (p) ltd.
WEBSITES-: www.google.com www.reliancemoney.com www.sharemarketbasics.com www.indian-stock-market.com www.nseindia.com
Useful links about Reliance Money 1. Reliance Money Website: RelianceMoney.com 2. Branch Locator: Reliance Money Branch Locator Q-8) Duration of Investment :-
2year---- 5year ------6year ------8year ------
Q-9) Which Type of investments suits you?
High risk high return------Low risk high return------
Q-10)Which metal commodity is most preferable byyou :- Gold------Silver------Dimond----- Other------
Q-11)Which metal is profitable in future :-
Gold------Silver------Dimond----- Other------
Q-12)Volume of Business?
1-5lak------5- 6lak------
6-12lak------12lak above ------
Q-13) Frequency:-
Daily------Occasan------
Q-14) Do you have any D-Mat A/c: -
Yes ------No------
Q-15) Last one year Gain profit/loss :- Rs……………
Q-16)What is lesson you learn:-