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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Brief Introduction INTRODUCTION In most industrialized countries, a substantial part of financial wealth

is not managed directly by savers, but through a financial intermediary, which implies the existence of an agency contract between the investor (the principal) and a broker or portfolio manager (the agent). Therefore, delegated brokerage management is arguably one of the most important agency relationships intervening in the economy, with a possible impact on financial market and economic developments at a macro level. In most of the metros, people like to put their money in stock options instead of dumping it in the bank-lockers. Now, this trend pick pace in small but fast developing cities like Chandigarh, Gurgaon, Jaipur etc. My research is based on the residents of Chandigarh and its nearby areas. As the per-capita-income of the city is on the higher side, so it is quite obvious that they want to invest their money in profitable ventures. On the other hand, a number of brokerage houses make sure the hassle free investment in stocks. Asset management firms allow investors to estimate both the expected risks and returns, as measured statistically. There are mainly two types of Portfolio management strategies. 1. Passive Portfolio Strategy 2. Active Portfolio Strategy 1. Passive Portfolio Strategy: A strategy that involves minimal expectation input, and instead relies on diversification to match the performance of some market index. A passive strategy assumes that the marketplace will reflect all available information in the price paid for securities 2. Active Portfolio Strategy: A strategy that uses available information and forecasting techniques to seek a better performance than a portfolio that is simply diversified broadly. BACKGROUND OF STOCK EXCHANGE IN INDIA The emergence of stock market can be traced back to 1830. In Bombay, business passed in the shares of banks like the commercial bank, the chartered mercantile bank, the chartered bank, the oriental bank and the old bank of Bombay and shares of cotton presses. In Calcutta, Englishman reported the quotations of 4%, 5%, and 6% loans of East India Company as well as the shares of the bank of Bengal in 1836. This list was a further broadened in 1839 when the Calcutta newspaper printed the quotations of banks like union bank and Agra bank. It also

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES quoted the prices of business ventures like the Bengal bonded warehouse, the Docking Company and the storm tug company. Between 1840 and 1850, only half a dozen brokers existed for the limited business. But during the share mania of 1860-65, the number of brokers increased considerably. By 1860, the number of brokers was about 60 and during the exciting period of the American Civil war, their number increased to about 200 to 250. The endof American Civil war brought disillusionment and many failures and the brokers decreased in number and prosperity. It was in those troublesome times between 1868 and 1875 that brokers organized an informal association and finally as recited in the Indenture constituting the Articles of Association of the Exchange. On or about 9th day of July,1875, a few native brokers doing brokerage business in shares and stocks resolved upon forming in Bombay an association for protecting the character, status and interest of native share and stock brokers and providing a hall or building for the use of the members of such association. As a meeting held in the broker Hall on the 5th day of February, 1887, it was resolved to execute a formal deal of association and to constitute the first managing committee and to appoint the first trustees. Accordingly, the Articles of Association of the Exchange and the Stock Exchange was formally established in Bombay on 3rd day of December, 1887. The Association is now known as The Stock Exchange. The entrance fee for new member was Re.1 and there were 318 members on the list, when the exchange was constituted. The numbers of members increased to 333 in 1896, 362 in 1916and 478 in 1920 and the entrance fee was raised to Rs.5 in 1877, Rs.1000 in 1896, Rs.2500 in 1916 and Rs. 48,000 in 1920. At present there are 23 recognized stock exchanges with about 6000 stock] brokers. Organization structure of stock exchangevaries. 14 stock exchanges are organized as public limitedcompanies, 6 as companies limited by guarantee and 3 are non-profit voluntary organization. Of the total of 23, only 9 stock exchanges have been permanent recognition. Others have to seek recognition on annual basis. These exchange do not work of its own, rather, these are run by some persons and with the help of some persons and institution. All these are down as functionaries on stock exchange. These are 1. Stockbrokers 2. sub-broker
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES 3. market makers 4. Portfolio consultants etc. Stock Exchange Stocks (Shares, equity) are traded in stock exchange. India has two big stock exchanges(Bombay Stock Exchange - BSE and National Stock Exchange - NSE) and few small exchanges like Jaipur Stock Exchange, Bangalore Stock Exchange and Hyderabad etc. Investor can trade stocks in any of the stock exchange in India. Stock Broker Investor requires a Stock Broker to buy and sell shares in stock exchanges (BSE, NSE etc.). Stock Broker is a registered member of stock exchange. A stock broker can register to one or more stock exchanges. Broker charges commissions (brokerages) for his service. Brokerage is usually a percent of total amount of trade and varies from broker to broker Sub-broker A sub-broker acts as agent of stock broker. He is not a member of a stock exchange. He assists the investors in buying, selling or dealing in securities through stockbroker. The broker and subbroker should enter into an agreement in which obligations of both should be specified. Subbroker must be registered SEBI for a dealing in securities. For getting registered with SEBI, he must fulfill certain rules and regulation. Market Makers Market maker is a designated specialist in the specified securities. They make both bid and offer at the same time. A market maker has to abide by bye-laws, rules regulations of the concerned stock exchange. He is exempt from the margin requirements. As per the listing requirements, a company where the paid-up capital is Rs. 3 crore but not more than Rs. 5 crore and having a commercial operation for less than 2 years should appoint a market maker at the time of issue of securities.

Portfolio consultants A combination of securities such as stocks, bonds and money market instruments is collectively called as portfolio. Whereas the portfolio consultants are the persons, firms or companies who advise, direct or undertake the management or administration of securities or funds on behalf of

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES their clients. brokering company which deals in security and derivative market, Commodity market, mutual funds and Insurance etc. Stock Trading Traditionally stock trading is done through stock brokers, personally or through telephones. As number of people trading in stock market increase enormously in last few years, some issues like location constrains, busy phone lines, miss communication etc start growing in stock broker offices. Information technology (Stock Market Software) helps stock brokers in solving these problems with Online Stock Trading. Online Stock Market Trading is an internet based stock trading facility. Investor can trade shares through a website without any manual intervention from Stock Broker. There are two different type of trading environments available for online equity trading.

Online Stock Market Trading is an internet based stock trading facility. Investor can trade shares through a website without any manual intervention from Stock Broker. There are two different type of trading environments available for online equity trading

1. Installable software based Stock Trading Terminals This trading environment requires software to be installed on investors computer. This software is provided by the stock broker. This software requires high speed internet connection. These kind of trading terminals are used by high volume intra day equity traders.

2. Web (Internet) based trading application This kind of trading environment doesn't require any additional software installation. They are like other internet websites which investor can access from around the world through normal internet connection.

How do stock markets operate Stock exchanges are like market places, where stockbrokers buy and sell securities for individuals or institutions. As per the SCRA (Securities Contracts Regulation Act) 1956, the definition of securities includes shares, bonds, stocks, debentures, government securities,
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES derivatives of securities, units of collective investment scheme (CIS) etc. The securities market has two interdependent segments: the primary and secondary market.

The primary market is the channel for creation of new securities issued by public limited companies or by government agencies. New securities issued in the primary market are traded in the secondary market. The secondary market operates through the over-the-counter (OTC) market and the exchange-trade market

Advantages of stock trading:

1. Better returns Actively trading stocks can produce better overall returns than simply buying and holding. 2. Huge Choice There are thousands of stocks listed on markets around the world. There is always a stock whose price is moving - its just a matter of finding them. 3. Familiarity The most traded stocks are in the largest companies that most of us have heard of and understand - Microsoft, IBM, and Cisco etc.

Disadvantages of Stocks Trading 1.Leverage With a margined account the maximum amount of leverage available for stock trading is usually 4:1. Meaning a $25,000 could trade up to $100,000 of stock. This is pretty low compared to forex trading or futures trading.

2. Pattern Day Trader Rules It requires at least $25,000 to be held in a trading account if the trader completes more than 4 trades in a 5 day period. No such rule applies to forex trading or futures trading.
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES

3. Uptick Rule on Short Selling A trader must wait until a stock price ticks up before they can short sell it. Again there are no such rules in forex trading or futures trading where going short are as easy as going long.

4. Need to Borrow Stock to Short Stocks are physical commodities and if a trader wishes to go short then the broker must have arrangements in place to borrow that stock from a shareholder until the trader closes their position. This limits the opportunities available for short selling. Contrast this to futures trading where selling is as easy as buying.

5. Costs Although online trading costs for stock trading are low they still add considerably to the costs of day trading. Online futures trading are about 1/4 of the cost for the equivalent value. In the UK 0.5% stamp duty is also levied on all share purchases making trading virtually impossible, hence the popularity of spread betting.

List of Stock Brokers of India 5Paisa.com Advani Share Brokers Anand Rathi Securities Brescon Group CIL Securities CRN India Churiwala Securities DSP Merrill Lynch Dalmia Securities Gandhi Securities Gogia Capital Services Hasmukh Lalbhai

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES INTRODUCTION TO ANGEL In a shot span of 22 years since inception, the Angel Group has emerged as one of the top five retail stock broking houses in India, having membership of BSE, NSE and the two leading Commodity Exchanges in the country i.e. NCDEX & MCX. Angel Broking is also registered as a Depository Participant with CDSL. The group is promoted by Mr. Dinesh Thakkar, who started this business as a subbroker in 1987 with a team of 3. Today the angel group is managed by a team of 1937 direct employees and has a nation wide network comprising of 21 Regional hubs, 124 branches and 6810 sub brokers & business associates. Angel is 100% focused on retail stock broking business unlike any other larger national broking house. The group currently services more than 5.9 thousand retail clients. Angel habitually generates value added features without the cost burden being passed on to the clients as they strongly believe that better understanding of clients needs and wants is their top priority. Their e-broking facility is one such effort, which gives the client a platform to access state of the art trading facility at the click of a button. Angel has always strived for delivering customer delight and developing strong long term bonds with its clients as well as channel partners. Angel thrives on a vision to introduce new and innovative products and services constantly. Moreover, Angel has been among the pioneers to introduce the latest technological innovations and integrate them efficiently within its business. About the Angel Angel Bookings tryst with excellence in customer relations began more than 20 years ago. Angel Group has emerged as one of the top 3 retail broking houses in India and incorporated in 1987. Today, Angel has emerged as a premium Indian stock-broking and wealth management house, with an absolute focus on retail business and a commitment to provide "Real Value for Money" to all its clients. It has memberships on BSE, NSE and the leading commodity exchanges in India NCDEX & MCX. Angel is also registered as a depository participant with CDSL. Angel Group Companies

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Angel Securities Ltd. Member on the BSE Incorporated: 1987 BSE Membership: 1997 NSE membership: 1998 Member of NCDEX and MCX Depository Participants with CDSL Angels presence Nation- wide network of 21 regional hubs Presence 124 cities 6800 + sub brokers & business associates 5.9 lakh +clients ANGELS LOGO

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES ANGELS VISION

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES ANGELS BUSINESS PHILOSOPHY

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES OUR ORGANIZATIONAL STRUCTURE Products of Angel Broking 1. Online Trading 8. Personal loans 2. Commodities 9. Quality assurance 3. DP Services 4. PMS (Portfolio Management Services) 5. Insurance 6. IPO Advisory 7. Mutual Fund Online- Trading Specially designed for the net savvy traders and investors who prefer operating from their home or office through the internet. The investor can access state of the art Technology with three different e-broking products and voila trading on BSE, NSE, F & O, MCX and NCDEX. ANGEL DIET: Application based product for Traders. Application based ideal for traders. Multiple exchanges on single screen Online fund transfer facility User friendly & simple navigation BSC, NSC, F&O, MCX & NCDEX ANGEL ANYWHERE: Application based product for Traders with Charts. Application-based platform for day traders Intra-day/historical charts with various indicators Online fund transfer facility BSC, NSC, Cash & Derivatives ANGELTRADE: Browser based product for Active Investors. Browser based for investor No installation required Advantage of mobility
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Trading as simple as internet surfing BSC, NSC, F&O, MCX & NCDEX ANGEL INVESTOR User-friendly browser for investors Easy online trading platform Works in proxy and firewall system set up Integrated Back office: Access account information anytime, anywhere Streaming quotes Refresh static rates when required Multiple exchanges on single screen Online fund transfer facility Investment Advisory Services To derive optimum returns from equity as an asset class requires professional guidance and advice. Professional assistance will always be beneficial in wealth creation. Investment decisions without expert advice would be like treating ailment without the help of a doctor. Expert Advice: Their expert investment advisors are based at various branches across India to provide assistance in designing and monitoring portfolios. Timely Entry & Exit: Their advisors will regularly monitor customers investments and guide customers to book timely profits. They will also guide them in adopting switching techniques from one stock to another during various market conditions. De-Risking Portfolio: A diversified portfolio of stocks is always better than concentration in a single stock. Based on their research, They diversify the portfolio in growth oriented sectors and stocks to minimize the risk and optimize the returns. Commodities A commodity is a basic good representing a monetary value. Commodities are most often used as inputs in the production of other goods or services. With the advent of new online exchange, commodities can now be traded in futures markets. When they are traded on an exchange, Commodities must also meet specified minimum standards known as basic grade. Types of Commodities Precious Metals : Gold and Silver Base Metals : Copper, Zinc , Steel and Aluminum
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Energy : Crude Oil, Brent Crude and Natural Gas Pulses : Chana , Urad and Tur Spices : Black Pepper, Jeera, Turmeric , Red Chili Others : Guar Complex, Soy Complex, Wheat and Sugar Benefits at Angel Three different online products tailored for traders & investors. Single Screen customized market-watch for MCX / NCDEX with BSE / NSE. Streaming Quotes and real time Rates. Intra-day trading calls. Research on 25 Agro Commodities, Precious and Base Metals, Energy products and Polymers. An array of daily, weekly and special research reports. Highly skilled analysts with professional industry experience. Active relationship management desk. Seminars, workshops and investment camps for investors Depositary Participant Services Angel Broking Ltd. is a DP services provider though CDSL. We offer depository services to create a seamless transaction platform to execute trades through Angel group of companies and settle these transactions through Angel Depository services. Wide branch coverage Personalized/attentive services of trained a dedicated staff Centralized billing & accounting Acceptance & execution of instruction on fax Daily statement of transaction & holdings statement on e-mail No charges for extra transaction statement & holdings statement Portfolio Management Services Successful investing in Capital Markets demands ever more time and expertise. Investment Management is an art and a science in itself. Portfolio Management Services (PMS) is one such service that is fast gaining eminence as an investment avenue of choice for High Net worth Investors (HNI). PMS is a sophisticated investment vehicle that offers a range of specialized investment strategies to capitalize on opportunities in the market. The Portfolio Management Service combined with competent fund management, dedicated research and technology, ensures a rewarding experience for its clients.
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Angel PMS brings with it years of experience, expertise, research and the backing of India's leading stock broking house. At Angel, experienced portfolio management is the difference. It will advise you on a suitable product based on factors such as your investment horizon, return expectations and risk tolerance. DEPARTMENT STUDY PRODUCT & SERVICE DETAILS AND PORTFOLIO REPORTS : Market Outlook at 9:15 a.m. Technical Report at 6:00 p.m. Derivative Analysis Report at 9:15 a.m. FUNDAMENTAL RESEARCH SERVICES: The Sunday Weekly Report The Industry Watch Stock Analysis Flash News TECHNICAL RESEARCH SERVICE : Nifty Tracker Online Chart Intraday Calls Position Calls Derivative Strategies Futures Calls INVESTMENT ADVISORY DESK PORTFOLIO MANAGEMENT SERVICES PMS Schemes @ Angel Scheme 1: Angel OYSTER Scheme 2: Angel BLUE- CHIP ANGEL GOLD COMMODITIES SERVICES Agro Tech Speak Call Evaluation
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Commodities Tech Speak MUTUAL FUND DISTRIBUTION AND ADVISORY IPO DISTRIBUTION AND ADVISORY ONLINE TRADING ANGEL DIET ANGEL ANYWHERE ANGEL TRADE DEPOSITORY PARTICIPANT SERVICES FUNDAMENTAL RESEARCH SERVICES: The Sunday Weekly Report : This weekly report is the ace of all reports. It offers a comprehensive market overview and likely trends in the week ahead. It also presents few top picks based on an in-depth analysis of technical and fundamental factors. It gives short term and long term outlook on these scrips, their price targets and trading strategies. Another unique feature of this report is that it provides an updated view of about 70 prominent stocks on an ongoing basis. The Industry Watch : This report provides an in-depth analysis of specific industries which are likely to outperform others in the economy. It analyzes their strengths and weaknesses and ascertains their future outlook. The final view is arrived at after thorough interaction with industry experts. Also comparative performances of various companies in the sector are evaluated and top picks are recommended. Stock Analysis : Angels stock research has performed very well over the past few years and the Angel Model Portfolio has consistently outperformed the benchmark indices. The fundamentals of select scrips are thoroughly analyzed and an actionable advice is provided along with investment rationale for each scrip.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Flash News : Key developments and significant news announcements that are likely to have an impact on markets / scrips are flashed live on trading terminals. Flashnews keeps the market participants updated on an online basis and helps them to reshuffle on their holdings. TECHNICAL RESEARCH SERVICE : Nifty Tracker : Nifty Futures is the most traded instrument with highest volumes in F & O and excellent liquidity. The team tracks the Nifty Future and generates calls based on unique trading system which is a result of their focused research over the past few years. The objective is to generate positive returns for traders who are looking for a high risk / high reward product. Online Chart : An online forum to help clients, specifically day traders in judging the directions of the market and stocks which are in the limelight. Intraday Calls : For day traders, Angel provides intra-day calls with entry, exit and stop loss levels during market hours. These calls are flashed on their terminals. Their analysts continuously track the calls and provide recommendations according to the market movements. Position Calls : Angels Position Trading Calls are based on thorough analysis of the price movement in select scrips. These calls are for a 10-15 day time span with stop loss and target levels. These calls are flashed on their terminals during market hours. Derivative Strategies : Their analysts take view on the Nifty and select stocks based on the derivatives data and technical tools. Suitable Derivative Strategies are devised, which are flashed on their terminals and published in their reports. Futures Calls : A customized product for HNIs to help them trade with leveraged position; wherein clients are advised on the stocks with entry, exit and stop loss level for short term benefits. Over and above this, financial status of the calls is monitored at all times.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES INVESTMENT ADVISORY DESK: At Angel, they have a dedicated Investment Advisory Desk: To help manage clients equity portfolio and create wealth To help client understand their risk profile and define investment goals realistically To minimize clients risk and maximize their returns To help client decide what to buy / sell and when to buy / sell To help clients understand macro-economic trends and sectoral / company developments To help client restructure their portfolio based on sound research PORTFOLIO MANAGEMENT SERVICES : Angel offers discretionary PMS to investors in order to assist them in managing their funds amidst continuous changing market dynamics and increasing complexities of investing. Investing in equity market requires in-depth knowledge and thorough analysis coupled with clear understanding of domestic and international economies. Investors need the services of an expert to manage their funds and deliver good returns in diverse market conditions. Continuous wealth creation with and emphasis on capital preservation is essential in todays complex markets. In order to systematically diversify the holdings of clients across varied sectors and with and intention to give them handsome returns, Angel devised the concept of the Model Portfolio : Angel came out with its first Model Portfolio in August 2002 Since then it has come out with Model Portfolios which have consistently outperformed the Sensex YOY In fact the latest model portfolio by Angel has successfully outperformed the Sensex by a whooping 80% Angels Portfolio Advisory Team had a successful track record of assisting its clients in managing their portfolios for over 4 years. The Portfolio Management Process starts with understanding each investors risk appetite and return expectations. The Portfolio Management Team not only draws support from Angels inhouse research team for new investment ideas but also has its own stocks picking by adopting bottom up research. Salient features of PMS schemes are 100% discretionary , time horizon 12-18 months and Wealth creation at minimum risk.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES PMS SCHEMES @ ANGEL Scheme 1: Angel OYSTER Description: The main objective of the scheme is wealth generation by delivering superior returns over long term through investments and equity related instruments. Investment Strategy: To generate wealth on consistent basis rather than outperform by taking higher risk. Logic works well and thus will be given weight age along with financials Early identification of stocks to ride through the entire investment cycle Timing of investment is important to generate superior returns Bottom up approach Parameters Driving Investment Decision: Blend of growth and value stocks Investments in companies regardless of market capitalizations Keen selection of stocks based on potential for value unlocking based on key events Focus on companies which display Scalable business potential Large market opportunity Beneficiary of favorable economic cycle Valuation at steep discount to asset value Sectoral Composition: May include under- researched companies Portfolio could invested in liquid funds Investor Profile: Safety of capital will be of utmost importance The scheme would be suited for investors having medium to long term perspective (i.e. 12-18 months)

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Scheme 2: Angel BLUE- CHIP Description: The objective of the scheme is to generate capital appreciations in the medium to long term through investments in equities and equity related instruments comprising predominantly large cap companies. Investment Strategy: The scheme will seek to achieve returns through brand based participants in equity markets by creating a diversified equity portfolio. The portfolio will be overweight on large cap companies. The portfolio strives at all time to achieve an 80% allocation to large cap companies. The allocation of sectors and stocks in the portfolio may be dynamically structured in tune with changes in broader market conditions Overweight on large cap stock. However quality mid cap stocks may also be considered for investment. Portfolio to comprise of a combination of growth & value stocks. The portfolio strives to limit the exposure to any sector to less than 25% of the portfolio size The portfolio strives to limit the exposure to any stock to less than 10% of the portfolio size The allocation and composition of medium capitalized stocks to vary based market conditions Investor Profile: The scheme would be suited for investors with low to moderate risk appetite The scheme would be suited for investors having medium to long term perspective. Benefits of Angel PMS : Understanding risk : At Angel, utmost emphasis is given to understanding the risk profile of an investor. Periodic Evaluation : Periodic evaluation of the Model Portfolio is carried out and market movements are cashed upon. Administrative Convenience : Angel focuses on providing hassle free administrative / operational support and customized services. Transparency : Regular statements and updates as well as online access to information required for investment. Regular Analysis and Monitoring : Investments undergo regular monitoring and analysis to check any deviation from the structured goal ensuring creation of wealth over a period of time.
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Professional Management : PMS is provided to professional management by experts on equity with an aim to optimize returns. Angel PMS Ideal For : Portfolio Management Services from Angel are essential for investor who needed Long term wealth generation Personalized service Investment opportunities in Indian equities Fundamental research based investment decisions In essence, all investor who have faith and belief in the Indian growth story and robust corporate performance would find Angel PMS most suitable to meet their objectives. ANGEL GOLD: In a volatile market it is very difficult for an investor to pick up value stocks which will give decent returns in the long run. We at Angel Gold realize your need for a professional financial advisor and hence are here to assist you in making wise and profitable decisions. We strongly believe that right decisions taken at the right time are always beneficial and that's why our entire research team comprising of 12 sector specialists along with our research head will understand your need, return expectation, risk profile and time horizon to design your portfolio accordingly. This portfolio will be tracked regularly and our efforts would be to optimize your returns in the long run. Features of the Angel Gold: A premium service for clients who need professional guidance on long term investments. Minimum fund / portfolio of Rs. 1 lac and maximum of Rs. 4 lac eligible for Angel Gold. Appropriate risk profiling before taking investment decisions Periodic group meetings and seminars in branches. Monthly Newsletter from the desk of Angel Gold . Browser based back-office software. COMMODITIES SERVICES Agro Tech Speak: Mainly gives the investors insight into and a forecast for agro commodities viz. pulses (urad channa etc); reports on oil complex (soyabean castor etc.) along with spices with reports on kapas guar seed
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Call Evaluation: A report designed for evaluating the calls given by the angel research team where the reports are classified in 3 broad categories viz. achieved , triumph, not achieved along with the trade recommendations Commodities Tech Speak: This report mainly equips the investors dealing in MCX segment in commodities like gold, silver, crude oil, copper etc with the market insight and expert recommendation on the trading strategies Angel Commodity Advantages : Top Quality Research : o Professionally qualified analysts with rich industry experience o Research on 25 agro commodities, precious metals, base metals, energy products and polymers e-Broking : o Single screen customized market watch for MCX / NCDEX with BSE / NSE o Streaming quotes and intra day calls DP Facilities in Commodities Trading on CDSL 24x7 Online Back-office Efficient Risk Management Competitive Brokerage Rates MUTUAL FUND DISTRIBUTION AND ADVISORY : To enable clients to diversify their investment in the right direction, Angel Broking has added another product in its range with mutual funds : Customized investment solutions based on specific individuals financial goals aligned with clients risk appetite. Access to in-depth research and proper selection from diversified funds based on clients preferred criteria. Customized reports at desired frequency. Rating and Rankings of all Mutual Funds from in-house expert analysts. Current and historical performance of different funds enabling comparisons. News and alerts for clients Mutual Fund Portfolio and performance tracking with watch lists.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Online Mutual Funds applications (NFO or existing) / Online order status tracking / Online updation of unit holdings at latest NAV / Online dividend pay out and re-investment facility. Single point customer query handling. IPO DISTRIBUTION AND ADVISORY : Wide network of branches for better customer reach. Dedicated Research Teams generating sector related reports. Ease in investing with informed decision making. Advisory Help Desk for all IPO related queries. DEPOSITORY PARTICIPANT SERVICE : Angel Broking Ltd. is a DP Service provider through CDSL. They offer Depository Services to create a seamless transaction platform to execute trades through Angel Group of Companies and settle these transactions through Angel Depository Services. Hassle free automated pay-in of clients sell obligations by Angel Broking Ltd. / Angel Capital & Debt Market Ltd. Instant disbursement of non-cash benefit like bonus and rights Wide Branch coverage Personalized / Attentive services of trained and dedicated staff Centralized billing and Accounting Acceptance and Execution of instructions on fax Zero upfront payment and lowest transaction charges Daily statement of transactions and holding statements on e-mail No charges for extra transaction statement and holding statement

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES 1. Company Profile: KARVY STOCK BROKING LTD KARVY is one of the premier integrated financial intermediaries in the country, which is into businesses such as Merchant Banking, Stock Broking, Depository Participant Services, Financial Products Distribution, Mutual Fund Servicing and Registrar and Transfer Agents. Its 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. Karvy covers the entire spectrum of financial services such as Stock broking, Depository Participants, Distribution of financial products mutual funds, bonds, fixed deposit, equities, Insurance Broking, Commodities Broking, Personal Finance Advisory Services, Merchant Banking & Corporate Finance, placement of equity and IPOs. BACKGROUND In 1982, a group of Hyderabad-based practicing Chartered Accountants started Karvy Consultants Limited with a capital of Rs.1,50,000 offering auditing and taxation services initially. Later, it forayed into the Registrar and Share Transfer activities and subsequently into financial services. All along, Karvys strong work ethic and professional background leveraged with Information Technology enabled it to deliver quality to the individual. A decade of commitment, professional integrity and vision helped Karvy achieve a leadership position in its field when it handled the largest number of issues ever handled in the history of the Indian stock market in a year. Thereafter, Karvy made inroads into a host of capital market services, corporate and retail, which proved to be a sound business synergy. 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. It started with consulting and financial accounting automation, and carved inroads into the field of registry and share accounting by 1985. Since then, it has utilized its experience and superlative expertise to go from strength to strength, to better its services, to provide new ones, to innovate, diversify and in the process, evolved Karvy as one of Indias premier integrated financial service enterprise. Thus over the last 20 years Karvy has traveled the success route, towards building a reputation as an integrated financial services provider, offering a wide spectrum of services.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES THE BEHAVIOUR OF INDIAN STOCK MARKET The business of KCL includes: Equity services. Mutual Funds Services. Insurance advisory. Tax Advisory. Home Loans. THE KARVY CREDO Our Clients. Our Focus Clients are the reason for our being. Personalized service, professional care; pro-activeness are the values that help the organization nurture enduring relationships with clients. Respect for the individual Each and every individual is an essential building block of the organization. Teamwork None of us is more important than all of us Responsible Citizenship A social balance sheet is as rewarding as a business one. As a responsible corporate citizen, Karvys duty is to foster a better environment in the society where we live and work. Abiding by its norms, and behaving responsibly towards the environment, is some of our growing initiatives towards realizing it. KARVY STOCK BROKING PRIVATE LIMITED Member- Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Hyderabad Stock Exchange (HSE). Karvy Stock Broking Limited, one of the cornerstones of the Karvy edifice, flows freel towards attaining diverse goals of the customer through varied services, creating a plethora of opportunities for the customer by opening up investment vistas backed by research based advisory services. Here, growth knows no limits and success recognizes no boundaries. Stock broking services

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES It is an undisputed fact that the stock market is unpredictable and yet enjoys a high success rate as a wealth management and wealth accumulation option. The difference between unpredictability and a safety anchor in the market is provided by in-depth knowledge of market

THE BEHAVIOUR OF INDIAN STOCK MARKET Functioning and changing trends, planning with foresight and choosing one option with care. This is what it provides in the Stock Broking services. It offers services that are beyond just a medium for buying and selling stocks and shares, rather services which are multi dimensional and multi-focused in their scope. There are several advantages in utilizing its Stock Broking services, which are the reasons why it is one of the best in the country. Karvy offers trading on a vast platform; National Stock Exchange, Bombay Stock Exchange and Hyderabad Stock Exchange. More importantly, it makes trading safe to the maximum possible extent, by accounting for several risk factors and planning accordingly. This crucial information is given as a constant feedback to the customers, through daily reports delivered thrice dailyThe Pre-session Report, where market scenario for the day is predicted. The Mid-session Report, timed to arrive during lunch break, where the market forecast for the rest of the day is given and The Post-session Report, the final report for the day, where the market and the report itself is reviewed. To add to this repository of information, it publish a monthly magazine; Karvy, The Finapolis, which analyzes the latest stock market trends and takes a close look at the various investment options, and products available in the market, while a weekly report, called; Karvy Bazaar Baatein, keeps the investors more informed on the immediate trends in the stock market. In addition, the specific industry reports give comprehensive information on various industries. Besides this, it also offer special portfolio analysis packages that provide daily technical advice on scrip for successful portfolio management and provide customized advisory services helping to make the right financial moves that are specifically suited to the concern portfolio. Karvys Stock Broking services are widely networked across India, with the number of trading terminals providing retail stock broking facilities. To empower the investor further the company has made serious efforts to ensure that our research calls are disseminated systematically to all our stock broking clients through various delivery channels like email, chat, SMS, phone calls etc. Its foray
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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES into commodities broking has been path breaking and we are in the process of converting existing traders in commodities into the more organized mainstream of trading in commodity futures, both as a trading and risk hedging mechanism. Depository participants The onset of the technology revolution in financial services Industry saw the emergence of Karvy as an electronic custodian registered with National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CSDL) in 1998. Karvy set standards enabling further comfort to the investor by promoting paperless trading across the country and emerged as the top 3 Depository Participants in the country in terms of customer service. Offering a wide trading platform with a dual membership at NSDL and CDSL, Karvy is a powerful medium for trading and settlement of dematerialized shares. www.karvydp.nic.in

THE BEHAVIOUR OF INDIAN STOCK MARKET Distribution of Financial Product The paradigm shift from pure selling to knowledge based selling drives the business today. With the wide portfolio offerings, it occupies all segments in the retail financial services industry. A 1600 team of highly qualified and dedicated professionals drawn from the best of academic and professional backgrounds are committed to maintaining high levels of client service delivery. This has propelled to a position among the top distributors for equity and debt issues with an estimated market share of 15% in terms of applications mobilized, besides being established as the leading procurer in all public issues. To further tap the immense growth potential in the capital markets we enhanced the scope of the retail brand, Karvy the Finapolis, thereby providing planning and advisory services to the mass affluent. http://mfportfolio.karvy.com/ Advisory Services Under the retail brand Karvy the Finapolis', it deliver advisory services to a cross-section of customers. The service is backed by a team of dedicated and expert professionals with varied experience and background in handling investment portfolios. They are continually engaged in designing the right investment portfolio for each customer according to individual needs and budget considerations with a comprehensive support system that focuses on

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES trading customers' portfolios and providing valuable inputs, monitoring and managing the portfolio through varied technological initiatives. www.the-finapolis.com Private client group This specialized division was set up to cater to the high net worth individuals and institutional clients keeping in mind that they require a different kind of financial planning and management that will augment not just existing finances but their life-style as well. For this purpose it offer a comprehensive and personalized service that encompasses planning and protection of finances, planning of business needs and retirement needs and a host of other services, all provided on a one-to-one basis. Quality Policy To achieve and retain leadership, Karvy shall aim for complete customer satisfaction, by combining its human and technological resources, to provide superior quality financial services. In the process, Karvy will strive to exceed Customer's expectations. Quality Objectives As per the Quality Policy, Karvy will:

THE BEHAVIOUR OF INDIAN STOCK MARKET Build in-house processes that will ensure transparent and harmonious relationships with its clients and investors to provide high quality of services. Establish a partner relationship with its investor service agents and vendors that will help in keeping up its commitments to the customers. Provide high quality of work life for all its employees and equip them with adequate knowledge & skills so as to respond to customer's needs. Continue to uphold the values of honesty & integrity and strive to establish Unparalleled standards in business ethics. Use state-of-the art information technology in developing new and innovative financial products and services to meet the changing needs of investors and clients. Strive to be a reliable source of value-added financial products and services and constantly guide the individuals and institutions in making a judicious choice of it.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Strive to keep all stake-holders (shareholders, clients, investors, employees, Suppliers and regulatory authorities) proud and satisfied. Karvy has always believed in adding value to services it offers to clients. A top-notch research team based in Mumbai and Hyderabad supports its employees to advise clients on their investment needs. On a typical working day Karvy: Has more than 25,000 investors visiting our 575 offices. Publishes / broadcasts at least 50 buy / sell calls. Attends to 10,000+ telephone calls. Mails 25,000 envelopes, containing Annual Reports, dividend cheques / advises, allotment / refund advises. Executes 150,000+ trades on NSE / BSE. Executes 50,000 debit / credit in the depositary accounts. Advises 3,000+ clients on the investments in mutual funds. Achievements: Among the top 3 stock brokers in India (4% of NSE volumes). India's No. 1 Registrar & Securities Transfer Agents. Top most Depository Participants. Largest Network of Branches & Business Associates. ISO 9002 certified operations by DNV. Among top 10 Investment bankers. Largest Distributor of Financial Products. Adjudged as one of the top 50 IT uses in India by MIS Asia. Full Fledged IT driven operations.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES Angel broking Account Type Account Opening Charge Brokerage Account AMC Demat Account AMC Cash Delivery Cash Intraday Angel PDA Rs 575/None 200/0.5% Cash corces) Margin Trading Future Trading Options 1% or 100 rs Online Portfolio Online Trading 3 in 1 Account Fees Brokerage Usability Customer Service Overall # Debt Mutual Funds Commodity Forex / Currency Equity Yes 0.50% 4 stars Rating yes Yes Yes Yes Yes No 0.40% 3 stars Rating Yes Yes Yes Yes yes Demo Yes Mobile Yes Yes No 0.50% 0.10% 0.50% 0.10% based 0.50% KARVY STOCK BROKING Online trading 650/None 400/50 prices (1-3 5 price or 0.50%

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES

Brokers and Online Trading: Conclusion Part of the success you will have through investing is not through which stock, bond or mutual fund you buy, but rather with the broker youve chosen. Brokers are your direct line to the market. On your way to building a sound investment portfolio, brokers are behind your every step into accomplishing your investing goals. Lets review some key points on brokers:
y

Brokers are the people or business entities who handle customer orders in trading securities.

y y

Brokers are salespersons too. Choose a broker that suits you just as you choose an investing vehicle that is in line with your personality.

In opening accounts, brokerages may require you to deposit from a few hundred dollars up to thousands of dollars or nothing at all.

Depending on the type of brokerage, they will charge commissions through every trade you make.

y y y y

Full-service brokers offer more services but at a higher cost. Discount brokers are more affordable but dont offer extras. Watch out for hidden fees. Online brokerages have changed the industry by lowering costs and blurring the distinction between discount and full-service brokers.

Always do a background check on brokers and firms you are not familiar with, before doing business with them.

y y

The type of account you need depends on the type of securities you want to hold. There are several ways to execute an equity order and you must communicate this to your broker.

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COMPARISON ANALYSIS OF STOCK BROKING COMPANIES BIBLIOGRAPHY

http://www.karvy.com/contactus/overview http://www.karvy.com/contactus/earlydays y y y y y y y y y y www.Wikipedia.com www.scribd.com For search www.google.com www.nseindia.com www.bseindia.com http://www.moneycontrol.com http://thestockmarketwatch.com/learn-stock-market/brokers-and-online-trading http://www.chittorgarh.com/newportal/online-stock-brokers-detail.asp?a=14 http://www.angelbroking.com/Online_trading/Angel-PDA.aspx http://www.chittorgarh.com/newportal/online_stock_broker_comparison.asp

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