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A Report on Summer Internship/ Project Work A REPORT ON SUMMER INTERNSHIP/ PROJECT WORK For __________(SHAREKHAN LTD ,VADODARA)__________ Submitted to INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM) CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT) CHANGA Prepared by (PARIMAL SONERA) ID No.:10MBA106 M.B.A. First Year Under the Guidance of MIS.PINKY TALATI _____________ INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM) CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT) AT. & PO. CHANGA – 388 421 TA: PETLAD DIST. ANAND, GUJARAT JULY 2011 DECLARATION I , PARIMAL SONERA , student of the two-year MBA programme at Indukaka Ipcowala Institute of Management (I2IM) hereby declare that the report on summer training and project work entitled “ANALYSATION OF PROCESS OF PORTFOLIO MANAGEMENT SERVICE” is the result of my / our own work. I/we also acknowledge the other works / publications cited in the report. (Signature) Place: Changa Date: 31.07.2011 (PARIMAL SONERA) ACKNOWLEDGEMENT Every successful work is not completed without the help and support of the people around us. A success is shared by not an individual but in fact by the people who constantly help him and guide him in his work. Through this I want to express my gratitude towards all those who have directly or indirectly contributed in my journey. I am greatly thankful to prof G.K.krishnamurthy the Incharge Director of Indukaka Ipcowala Institute of Management, who gave us the valuable opportunity of involving ourselves in such project assignments. I am greatly thankful to my company guide Mis.Pinky Talati for his kind support and help during this eight weeks of my summer training and in completion of my target. I wish to express my deep sense of gratitude towards Sharekhan Ltd. for their help and valuable guidance in conducting this summer internship project from its conception to its completion. I would also like to thanks our faculty for their ever inspiring guidance about the summer training. CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT) INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM) MBA PROGRAMME BATCH 2010-12 CERTIFICATE This is to certify that this report ‘Portfolio Management Service’ is the bona fide work of Mr. Parimal Sonera , student of Second Year of MBA Programme (2010-2012) at “sharekhan Ltd.” submitted to INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT, CHANGA in partial fulfillment of their academic requirement of the MBA PROGRAMME. Ms. Shetal Thomas Prof.G Krishnamurthi Project Guide Principal Date: 19/08/2011 Place: Changa TABLE OF CONTENTS Executive Summary ----------------------------------------------------------------------------------7 Part-I Organizational Profile ------------------------------------------------------------------------------- 8 1 Introduction---------------------------------------------------------------------------------------------- 8 2 Industry overview --------------------------------------------------------------------------------------- 3 About Company (SHAREKHAN) ----------------------------------------------------------------- 11 3.1 Introduction ----------------------------------------------------------------------------------------- 3.2 History ----------------------------------------------------------------------------------------------- 3.3 Company overview --------------------------------------------------------------------------------- 3.4 Mission and Vision --------------------------------------------------------------------------------- 4 Functional area ---------------------------------------------------------------------------------------- 23 4.1 Market and Marketing --------------------------------------------------------------------------- 23 4.2 Production / Operations ------------------------------------------------------------------------- 28 4.3 Human Resources Management Departmentalisation --------------------------------------- 30 4.4 Finance and Accounts---------------------------------------------------------------------------- 31 5 Financial Analysis------------------------------------------------------------------------------------ - 36 5.1 Profitability of the firm-----------------------------------------------------------------------36 5.2 Balancseheet of firm------------------------------------------------------------------------- 38 5.3 cash flow anylsis -------------------------------------------------- 39 PART –II Project Study ------------------------------------------------------------------------------41 7 Project study -----------------------------------------------------------------------------------41 7.1 introduction of the study ------------------------------------------------------------------------ 7.2 Importance of the study -------------------------------------------------- 7.3 Objectives of the study -------------------------------------------------------------------------- 8 Research ----------------------------------------------------------------------------------------------- 8.1 Research Design --------------------------------------------------------------------------------- 8.2 Data Sources and Data Collection Method -------------------------------------------------- 8.3 Sampling Plan ----------------------------------------------------------------------------------- 9 Data and data analysis ---------------------------------------------------------------------------49 10 Findings and Interpretations ---------------------------------------------------------------------- - EXECUTIVE SUMMARY Investing is both Arts and Science. Every Individual has their own specific financial need and expectation based on their risk taking capabilities, whereas some needs and expectation are universal. Therefore, we find that the scenario of the Stock Market is changing day by day hours by hours and minute by minute. The evaluation of financial planning has been increased through decades, which can be best seen in customers. Now a day’s investments have become very important part of income saving. In order to keep the Investor safe from market fluctuation and make them profitable, Portfolio Management Services (PMS) is fast gaining Investment Option for the High Net worth Individual (HNI). There is growing competition between brokerage firms in post reform India. For investor it is always difficult to decide which brokerage firm to choose. The research design is analytical in nature. A questionnaire was prepared and distributed to Investors. The investor’s profile is based on the results of a questionnaire that the Investors completed. In order to identify the effectiveness of Share khan PMS services this Research is carried throughout the area of Baroda. At the time of investing money everyone look for the Risk factor involve in the Investment option. The Report is prepared on the basis of Research work done through the different Research Mythology the data is collected from both the source Primary sources which consist of Questionnaire and secondary data is collected from different sources such as Company website, Magazine and other sources. PART -I ORGANISATION PROFILE INTRODUCTION TO THE INDUSTRY What is stock market? A stock market or equity market is a public (a loose network of economic transactions, not a physical facility or discrete) entity for the trading of company stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately. The size of the world stock market was estimated at about $36.6 trillion at the start of October 2008. The total world derivatives market has been estimated at about $791 trillion face or nominal value, 11 times the size of the entire world economy. About the Indian stock market In India there are 23 stock exchanges of which the major ones are: Bombay stock exchange(BSE) National Stock Exchange(NSE) BSE:- At the end of the American civil war, the brokers who thrived out of this war in 1874, found a place in a street, where they would easily assemble and transact business. This street is nowadays, popularly known as DALAL STREET. In 1887, they formally established in Bombay, and were known as “Native Shares and Stock Brokers Association”. In 1895, it acquired a premise in the same street and finally was inaugurated in 1899 with the name Bombay Stock Exchange (BSE). India's premier stock exchange Bombay Stock Exchange (BSE) can also trace back its origin to as far as 125 years when it started as a voluntary non-profit making association. You hear about it any time it reaches a new high or a new low, and you also hear about it daily in statements like 'The BSE Sensitive Index rose 5% today'. Obviously, stocks and stock markets are important. Stocks of public limited companies are bought and sold at a stock exchange. But what really are stock exchanges? Known also as News on the stock market appears in different media every day. The stock market , a stock exchange is an organized marketplace for securities (like stocks, bonds, options) featured by the centralization of supply and demand for the transaction of orders by member brokers, for institutional and individual investors. The exchange makes buying and selling easy. The need for stock exchanges developed out of early trading activities in agricultural and other commodities. During the middle Ages, traders found it easier to use credit that required supporting documentation of drafts, notes and bills of exchange. India's other major stock exchange National Stock Exchange (NSE), promoted by leading financial institutions, was established in April 1993. Over the
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