Professional Documents
Culture Documents
Internship Report
ON
1
ACKNOWLEDGEMENT
First and foremost I would like to thank KARVY STOCK BROKING LIMITED,
Joshi for his constant encouragement throughout this period. I also extend my gratitude to
my guide at KARVY, Mr. Arpit Tandon, who instructed me with the work procedures
This internship would not be complete without the support of our Director
Kumar and Mr. Ritesh Srivastav for their guidance and unflinching support throughout
I also would like thanks to my friends Mr Parmarth varun and Mr. Prateek Srivastav, for
throughout my Internship and with whose help I could complete my work efficiently and
Last but not the least, my appreciation goes to my family who has stood by my side and
Thank You!
2
CONTENTS
PA
GE NO.
1) Scenario of Indian Stock
Market……………………………………………………………….4
2) Executive Summary............................................................................5
3) Introduction........................................................................................6
4) Background.........................................................................................6
i) Karvy’s Mission.........................................................................6
ii) Karvy Milestones......................................................................7
iii) KARVY Credo............................................................................8
iv) Quality Policy............................................................................9
5) Achievements.....................................................................................10
6) KARVY Wings......................................................................................11
i) KARVY Stock Broking Limited...................................................14
7) Organization Structure........................................................................15
i) Structure of SME Segment........................................................16
ii) Process.....................................................................................17
8) Product & Services..............................................................................19
i) Products....................................................................................19
(a) Demat Account (I Zone Plus)
……………………………………………….19
(b) Mutual Funds..................................................................19
(c) Insurance........................................................................31
(d) Equities..........................................................................35
(e) Bonds.............................................................................38
(f) Derivatives.....................................................................41
(8)Camparitive
analysis…………………………………………………………….63
3
(9)QUESTIONNAIRE……………………………………………………………
……66
(10)Learning……………………………………………………………………
……..69
(11)bibliography………………………………………………………………
……..74
The financial scene is worldwide. The crisis had left the stock market in a deep crisis.
It is slowly regaining its breath and there are now investments made all through the
world. Stock brokers as well as general public are making money out of investing in
shares and stocks. The financial trauma that all of us faced are over and the recovery
of the market is now being witnessed. Throughout the world the market is limping
back to its normal trading life, as compared to other financial markets all over the
world, the Indian stock market came back to life quite fast.
The Indian Stock Market is the undisputed leader in the Asia’s market. It has a
reputation among the foreign institutions. During the past few years from the time of
crash in 2004 there have been many swings in the Indian stock market. But, the gains
from the market have been quite modest. The traders have made money by investing
in shares and stocks and have made handsome profits. The rate of inflation in India is
high so the brokers are more interested in selling than in buying stocks. The FDIs
have also reduced considerably and the market has seen a rigorous financial critical
condition.
4
Now the financial scenario of Indian stock market is on the road to recovery and is
getting back its lost sight. In recent times market is gaining and has reached 17000
points and so is now looking towards a ray of hope. Take your investment seriously
and don’t treat yourself to ups and downs as the bad part has gone. However, be ready
for the good and bad points of the stock market investment.
You should have proper investment guidance as it will work like magic for you if you
are trading shares in share market. You should have all the latest information ready
with you. You need stock quotes, stock updates, daily stock alerts and every other
information related to stock/stocks within your reach. The platform you use should be
definitive in every part. Proficient stock advice from the brokers and the stock
5
EXECUTIVE SUMMARY
This internship report consists of the overall experience of working as a part at KARVY
learning experience was that I started from the very basics of getting to that position and
not from the position itself. This helped me get useful insight and understanding of
various financial products, the market details about them and the benefits provided by
them to the customers. Emphasis was given in analysis of the investor behavior of the
clients. Another interesting fact was that all these products were suggested to clients not
just based on their market performance and returns, but on the client’s financial condition
Training sessions were held to give me insights about the various products that KARVY
STOCK BROKING deals in like: Demat accounts and Insurance. Presentations on the
same after self study and analysis were a part of this internship session.
6
I provided advice and suggestions to the investors for online trading and which may prove
prudent to them.
INTRODUCTION
KARVY is a premier integrated financial services provider and ranked among the top five
in the country in all its business segments. It services over 16 million individual investors
in various capacities and provides investor services to over 300 corporates, comprising
Karvy utilized its experience and superlative expertise to capitalize on its strengths and
better its service, innovate and provide new ones. It diversified in the process and thus
Karvy has been a customer centric company since its inception. It offers a single platform
servicing multiple financial instruments in its bid to offer complete financial solutions to
7
the varying needs of both corporate and retail investors, where an extensive range of
KARVY covers the entire spectrum of financial services such as Stock broking,
Services, Merchant Banking & Corporate Finance, placement of equity, IPOs, among
others. Karvy has a professional management team and ranks among the best in
(Karvy.com)
8
BACKGROUND
The Karvy group was formed in 1983 at Hyderabad, India. Karvy ranks among the
top player in almost all the fields it operates. Karvy Computershare Limited is India’s
largest Registrar and Transfer Agent with a client base of nearly 500 blue chip
corporates, managing over 2 crore accounts. Karvy Stock Brokers Limited, member
of National Stock Exchange of India and the Bombay Stock Exchange, ranks
among the top 5 stock brokers in India. With over 6,00,000 active accounts, it ranks
among the top 5 Depositary Participant in India, registered with NSDL and CDSL. Karvy
Comtrade, Member of NCDEX and MCX ranks among the top 3 commodity brokers in
the country. Karvy Insurance Brokers is registered as a Broker with IRDA and ranks
among the top 5 insurance agent in the country. Registered with AMFI as a corporate
Agent, Karvy is also among the top Mutual Fund mobilizer with over Rs. 5,000 crores
under management. Karvy Realty Services, which started in 2006, has quickly established
itself as a broker who adds value, in the realty sector. Karvy Global offers niche off
Karvy has 575 offices over 375 locations across India and overseas at Dubai and New
9
Organization:
Karvy was started by a group of five chartered accountants in 1979. The partners decided
to offer, other than the audit services, value added services like corporate advisory
services to their clients. The first firm in the group, Karvy Consultants Limited was
incorporated on 23rd July, 1983. In a very short period, it became the largest Registrar
and Transfer Agent in India. This business was spun off to form a separate joint venture
with Computershare of Australia, in 2005. Karvy’s foray into stock broking began with
marketing IPOs, in 1993. Within a few years, Karvy began topping the IPO procurement
league tables and it has consistently maintained its position among the top 5. Karvy was
among the first few members of National Stock Exchange, in 1994 and became a member
mid-90s and Karvy was in the forefront educating investors on the advantages of
dematerializing their shares. Today Karvy is among the top 5 Depositary Participant in
India.
While the registry business is a 50:50 Joint Venture with Computershare of Australia, we
have equity participation by ICICI Ventures Limited and Barings Asia Limited, in Karvy
Stock Broking Limited. For a snapshot of our organization structure, please click here.
10
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. With the information overload today, Karvy’s team of analysts
help investors make the right calls, be it equities, mf, insurance. On a typical working day
Karvy:
Karvy Stock Broking Limited is a member of the National Stock Exchange of India and
The Stock Exchange Mumbai. We rank among the top 5 brokers on the NSEI, with over
130,000 trades per day. We began with the aim of serving the small investors – today we
have over 3,50,000 clients trading through us. We are uniquely positioned to offer the best
to you, with over 575 branches, one is located near your office / home. If you prefer to
trade from the comfort of your home or office, our online platform provides the ideal way
to trade. Our laser focused approach to serving the retail investors remains the cornerstone
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If you are looking for an easy and convenient channel to trade in the stock markets …
KARVY is your trusted trading services partner. To start trading in equities, you need to
register as a client with us, and you are ready to trade on the premier exchanges of India.
KARVY offers you feature-rich trading accounts with options to trade through any of our
branches or by yourself using our proprietary online trading platform. Our friendly and
qualified staff can assist you in putting through the trades at the branches. Our advise is
backed by a top notch research team. Our 40 strong research team, based in Mumbai and
Hyderabad, generate up to date and dynamic ‘Research Calls’ for our customers and
affiliates in various market segments (Cash and Futures / Options). The calls are issued on
multiple verticals and can be Intra Day Recommendations, Positional Calls and
hedge/arbitrage strategies.
Karvy’s Mission:
enterprising, and technology driven organization which will set the highest
(Karvy.com)
12
Karvy has traveled a success route over the past 20 years and positioned itself as an
emerging financial service giant in which embeds the confidence and support of enviable
patrons across the financial world. Patrons are also of diversified fields which includes
over 16 million individual investors in various capacities and 300 corporates comprising
the best out of the whole lot .Years of experience of holistic financial services and
expertise in this industry has helped it gain the status it enjoys and cherishes today.
(Karvy.com)
13
KARVY CREDO
Personalized service, professional care; pro-activeness are the values that helps KARVY
Teamwork
Each team member is the face of Karvy. Together they offer diverse services with speed,
accuracy and quality to deliver only one product: excellence. Transparency, co-operation,
invaluable individual contribution for a collective goal, and respect for individual
Responsible Citizenship
As a responsible corporate citizen, KARVY believes that its duty is to foster a better
environment in the society where they live and work. To abide by its norms, and to
behave in a responsible manner towards the environment, are some of its growing
14
Integrity
Professional and personal ethics are Karvy’s bedrocks. They take pride in building an
environment that encourages honesty and opportunity to learn from failures than
(Karvy.com)
QUALITY POLICY:
To achieve and retain leadership, Karvy aims for complete customer satisfaction, by
combining its human and technological resources, to provide superior quality financial
• Build in-house processes that will ensure transparent and harmonious relationships
• Establish a partner relationship with its investor service agents and vendors that
• Provide high quality of work life for all its employees and equip them with
15
• Continue to uphold the values of honesty & integrity and strive to establish
financial products and services to meet the changing needs of investors and
clients.
same.
(Karvy.com)
ACHIEVEMENTS
16
Among top 10 Investment bankers
(Karvy.com)
KARVY WINGS
instruments in its bid to offer complete financial solutions to the varying needs of both
corporate and retail investors. The range of products and services are provided by the
following wings.
This is the flagship company of Karvy Group and it controls the organizational affairs,
channels of progress, work affairs and pioneering business policies. This was the first
business the KARVY group ventured into, but now they have transferred it into a joint
17
venture with computer share limited of Australia, the world’s largest registrar. This
India.
This wing of Karvy is registered with SEBI as a category 1 merchant banker and is also
recognized as a leading merchant banker of the country. It has built its reputation by
corporate or government undertaking successfully over the past two decades has given it a
This wing of Karvy has traversed wide spaces to tie up with the world’s largest transfer
agent, the leading Australian company Computershare Limited. This company services
more than 75 million shareholders across 7000 clients and makes its presence felt in over
12 countries across 5 continents. It has also entered into a 50-50 joint venture with Karvy.
After transferring completely to this new entity it has tried to enrich the financial services
18
industry as a whole. The worldwide network of Computershare helps it to adapt to the
international standards in addition to leveraging the best technologies from all over the
world.
This is a specialist Business Process Outsourcing unit of the Karvy Group. The legacy of
experience in financial services of Karvy Group acts as a big support for entering the
global arena with confidence of delivering the best. This wing offers several models on
the understanding of business needs that are unique and therefore only a customized
service could possibly fit the bill. Their service matrix has permutations and combinations
that create several options to choose from. Its Services meet the most stringent
efficiencies.
reliability and profitability. They have made commodities trading, an essentially age-old
practice, into a sophisticated and scientific investment option. It helps in enabling trade in
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all goods and products of agricultural and mineral origin that include lucrative
commodities like gold and silver and popular items like oil, pulses and cotton through a
Karvy Insurance Broking Pvt. Ltd., provides both life and non-life insurance products to
retail individuals, high net-worth clients and corporates. With the opening up of the
insurance sector and entry of a large number of private players in the business, it is in a
(Karvy.com)
It is undisputable fact that the stock market is unpredictable and volatile, but despite this
KSBL enjoys a high success rate as a wealth management option. Karvy Stock Broking
Limited offers services that are much beyond serving just as a medium for buying and
selling stocks and shares. Instead it provides multi dimensional and multi focused
services. It offers trading facilities for National Stock Exchange, Bombay Stock Exchange
and Hyderabad Stock Exchange and tries to make trading safe to maximum possible
20
extent. For this they are assisted by their in depth research team for constant feedback and
sound advices.
The Finapolis is the monthly magazine that is published by this wing. It analyzes the
latest stock market trends and takes a close look at the various investment options and
products available in the market. A weekly report, called Karvy Bazaar Baatein, keeps
In addition, the specific industry reports give more comprehensive information on various
industries. It also offers special portfolio analysis packages that provide daily technical
services to help the client make right financial moves which specifically suits their
portfolios.
(Karvy.com)
21
ORGANIZATION STRUCTURE
The segment of which I was a part of during my training process is the SME segment.
This segment caters especially to the needs of the SMALL & MEDIUM ENTERPRISES.
Small and Medium Enterprises refers to organizations that are larger than SOHOs (Small
office/Home office) and smaller than the Fortune 1000. An important point to be noted is
that The SME segment is emphasizing more on Mutual Funds instead of equity, insurance
30% on Equity
So far, the performance of this segment has been good and it has been a contributing
factor in increasing the customer base of KARVY STOCK BROKING LIMITED. Thus
plans for opening of SME Segment in other branches are shaping up.
22
STRUCTURE OF SME SEGMENT:
sss
Sub back
Sub Main MF
HEAD office
dealer dealer desk
person
R R R R R R R R R R R R
O O O O O O O O O O O O
WHERE:
RO - Relationship officer
23
PROCESS:
The process of the entire working of the SME segment takes place in the following
manner:
First the data is collected by the ROs, SRMs, Wealth Managers, Main Dealer and
the Head himself. This is done at all levels so that the data is collected from all the
Once the data is acquired or sourced it is given to the Tele Marketing or Sales
team. They are expected to achieve a target of 60% through their calls. The main
aim of them is to get to the right client and convince him for a meet.
Then the Tele callers fix appointments and forward the details of the same to the
Next the ROs visit the client and inform them about the entire products that would
cater to the customer’s needs. His work is not just confined to imparting the
information to the client; moreover he has to extract information from the client as
24
well. He has to understand the customer’s needs, risk taking ability and gives the
Then the SRM meets the prospective clients and catering to the need of them
gathers information regarding the financial details of client, his past investments,
The Wealth Manager then designs the portfolio for the client based on his
analysis, study and advices from the R&D department and closes the deal.
In the whole process mentioned above, there are 4 back office persons, who assist the
Sub Back office person – Responsible for sending reports and MIS
Reports are sent weekly for Equity and Mutual Funds and monthly for futures and
options.
25
PRODUCT & SERVICES
PRODUCTS
Though the company is under obligation to offer the securities in both physical and
demat mode, you have the choice to receive the securities in either mode.If you wish to
have securities in demat mode, you need to indicate the name of the depository and also
of the depository participant with whom you have depository account in your
application. It is, however desirable that you hold securities in demat form as physical
Just as you have to open an account with a bank if you want to save your money, make
cheque payments etc, Nowadays, you need to open a demat account if you want to buy
or sell stocks.
INTRODUCTION
26
investment platform launched by KARVY for the discerning clients.
classes & products, based on specific risk and return profile of the
conducted by KARVY.
ADVANTAGES
platform
classes
D
aily equity market research reports and calls through SMS
27
A
ccess to research reports on Mutual Funds, IPOs and
Insurance
A
pplication in IPOs with attractive loan options for applications
investments
investments
O
ffers comprehensive product range
U
nlimited transactions in Mutual Funds
of Rajasthan
28
INSTANT INFORMATION PROVISION
29
EASE OF TRANSACTION
30
2. Uses top quality technology and also gives call center service for their clients and
other investors.
3. Widest network.
Ease in tracking
31
MUTUAL FUNDS:
CONCEPT:
A Mutual Fund is a form of collective investment that pools money from many
investors, who share common financial goals and invests their money in stocks, bond,
The income earned through these investments and the capital appreciations realized are
shared by its unit holders in proportion to the number of units owned by them. Thus a
Mutual Fund is the most suitable investment for the common man as it offers an
32
The flow chart below describes broadly the working of a mutual fund:
33
ORGANISATION OF A MUTUAL FUND
There are many entities involved and the diagram below illustrates the organizational set
up of a mutual fund:
34
TYPES OF MUTUAL FUNDS:
35
EXPLAINATION:
It is a type of mutual fund where there are no restrictions on the amount of shares the fund
will issue. If demand is high enough, the fund will continue to issue shares no matter how
many investors there are. Open-end funds also buy back shares when investors wish to
sell. Most of the mutual funds available in the marketplace are open-end funds. Open-end
funds are generally managed actively and are priced according to their net asset value
(NAV). Open-end funds are wide-ranging. Some Open-end funds are more
conservative and provide consistent returns with low risk, and some are more aggressive
portfolio of securities, it is referred to as close ended mutual funds. The shares are traded
in the market just like common stock. The main difference with closed-end funds is that
market price of the shares is determined by supply and demand and not by net-asset value
36
SELECTION CRITERIA FOR MUTUAL FUNDS:
Whether the client is looking for long term investment or short, they require high returns
or tax savings etc, had to be analyzed. The investment objective of the client should match
Past performance:
The previous returns of the funds mentioned in the investment brochures were seen and
the funds which have performed well and given high returns were preferred and suggested
to clients.
Consistency in returns:
The returns are not just expected to be high but a consistency should be observed in the
fund’s performance and returns. The previous year return for a particular fund may be
37
high but if it is not consistent in its performance then that is a risky deal. Consistent funds
INSURANCE:
CONCEPT:
Insurance, in law and economics, is a form of risk management primarily used to hedge
against the risk of a contingent loss. Insurance is defined as the equitable transfer of the
risk of a potential loss, from one entity to another, in exchange for a premium.
Insurance rate is a factor used to determine the amount, called the premium, to be
charged for a certain amount of insurance coverage. Risk management, the practice of
appraising and controlling risk, has evolved as a discrete field of study and practice.
Sum Assured:
It is the amount of money an insurance policy guarantees to pay before any bonuses are
added.
Date of birth
Gender
Duration
38
Health conditions
Job profile
TYPES OF INSURANCE:
Types of Insurance
Non Life/
Life Insurance General
Insurance
-Term
-Whole life
-Money
back -Property
-Endowment -Personal
Assurance -Lifestyle
-Pension -Package
Plan
-Unit Linked
Product
(ULIP)
(Wikipedia.com)
39
Life Insurance:
All policies are not the same. Some give coverage for your lifetime and others cover you
Whole life
Term policy
Money pack
Endowment
Pension plan
ULIP
General Insurance:
General insurance typically comprises any insurance that is not determined to be life
insurance. It is called property and casualty (P&C) insurance in the U.S. General
40
insurance policies, including automobile, accidents and homeowner’s policies, provide
Property
Personal
Lifestyle
Package
(Wikipedia.com)
EQUITIES:
CONCEPT:
An equity share, commonly referred to as ordinary share, represents the form of fractional
41
Stockholders' equity is often referred to as the book value of the company, and it comes
from two main sources. The first and original source is the money that was originally
invested in the company, along with any additional investments made thereafter.
The second comes from retained earnings that the company is able to accumulate over
time through its operations. In most cases, especially when dealing with older companies
that have been in business for many years, the retained earnings portion is the largest
component.
The stock-specific factor is related to people’s expectations about the company, its future
earnings capacity, financial health and management, level of technology and marketing
skills.
The market specific factor is influenced by the investor’s sentiment towards the stock
market as a whole. This factor depends on the environment rather than the performance of
42
Events favorable to an economy, political or regulatory environment like high economic
growth, friendly budget, stable government etc. can fuel euphoria in the investors,
resulting in a boom in the market. On the other hand, unfavorable events like war,
economic crisis, communal riots, minority government etc. depress the market
Despite ups and downs, price of a stock in the long run gets stabilized based on the stock
specific factors. Therefore, a prudent advice to all investors is to analyze and invest and
You may subscribe to issues made by corporates in the primary market. In the
primary market, resources are mobilized by the corporates through fresh public
OR
43
You may purchase shares from the secondary market. To buy and sell securities
you should approach a SEBI registered trading member (broker) of a recognized
stock exchange.
(Wikipedia.com)
Address proof
BONDS:
CONCEPT:
A Bond is a long term contract under which a borrower agrees to make payments of
44
The organization that sells a bond is known as the issuer. Of course, no one would loan
his or her hard-earned money for nothing. The issuer of a bond must pay the investor
something extra for the privilege of using his or her money. This "extra" comes in the
form of interest payments, which are made at a predetermined rate and schedule
Bonds are known as "fixed-income" securities because the amount of income the bond
will generate each year is "fixed," or set, when the bond is sold. No matter what happens
or who holds the bond, it will generate exactly the same amount of money.
45
CLASSIFICATION OF BONDS:
BONDS
NON SLR
SLR
Non Statutory
Statutory Liquidity
Liquidity Ratio
Ratio
SLR is the percentage of deposits that has to be invested in certain designated securities.
The current SLR is 25%. Also, in SLR Banking system is very important.
46
Designated SLR Bonds
NHAI
Bank Bonds
DERIVATIVES:
CONCEPT
As the name suggests, derivative is a financial instrument that offers a return based on the
return of some other underlying asset. In this sense, its return is derived from another
instrument.
underlying asset. This underlying asset is often referred to simply as the underlying. It
trades in a market in which buyers and sellers meet and decide on a price; the seller then
47
delivers the asset to the buyer and receives payment. The price for immediate purchase of
A derivative also has a defined and limited life: A derivative contract initiates on a certain
date and terminates on a later date. Often the derivative's payoff is determined and/or
made on the expiration date, although that is not always the case. In accordance with the
usual rules of law, a derivative contract is an agreement between two parties in which
each does something for the other. In other words, no money need change hands up front.
Types of Derivatives
• Over-the-counter (OTC) derivatives are contracts that are traded (and privately
other intermediary. Products such as swaps, forward rate agreements, and exotic
options are almost always traded in this way. The OTC derivatives market is
huge. According to the Bank for International Settlements, the total outstanding
• Exchange-traded derivatives are those derivatives products that are traded via
acts as an intermediary to all related transactions, and takes Initial margin from
48
Few Major competitors are:
1. India bulls
2. Indian infoline
3. SBI CAPS.
5. BAJAJ CAPITAL
6. IDBI CAPITAL
7. UNICON
8. TATA
9. KOTAK
To get first hand details about them we visited a few stock broking houses and talked
about the financial instruments available with their company, their charges for
49
13. SSKI Ltd. (Sharekhan)
16. UNICON
17. TATA
Comparative Analysis
S. NO BASIS KARVY STOCK INDIABULLS KOTAK SHAREKHAN B
BROKING LTD SECURITIES
1 REACH OVER 200 OVER 640 OVER 200 1160
NO. OF BRANCHES
2.1 BROKERAGE INTRADAY 5 PAISE 10 PAISE 5 PAISE 30 PAISE
50
QUESTIONNAIRE
Area……..stock broking
(a)demat
(b) treding
(c) commodities
2..brokerage charge
(a)Intraday
(b)delivery
51
10..Do you send daily transactions
LEARNINGS
All is not the same in real life as we read in books and on net about the
working methods of different divisions and segments. Each segment in an
organization has its own work culture followed by the members and same was
the case with SME segment at Karvy Stock Broking Ltd. I had to put in my own
efforts and take initiative to learn and gain maximum knowledge possible
during this period.
There were training sessions held on various financial products like MF,
insurance, and bonds which helped me get more insight in these topics.
Interactive session was held by the Mutual Fund expert, which proved quite
52
useful but still Mutual Funds is a vast topic and it is possible to gain full
knowledge about it only after practically dealing in it.
Having knowledge about the product was just the initial step which prepared
me to face the questions asked by the inquisitive clients we targeted. Every
step I had a new lesson to learn.
The whole process started with first hand data collection. For this we visited
the corporate houses in Kormangala as well as collected data from banks,
clubs and other sources. We also collected data from few of our own contacts
that we thought could be useful. Getting the data from corporate houses was
difficult as no one really entertained visitor from stock broking companies for
appointments. Moreover it was difficult to get the contact number of the
finance heads of the companies, but we still managed and managed well.
The next step was tele-calling on the database collected. During telecalling,
we learnt the art of introducing ourselves and the company to the clients. It
taught us how to approach clients and suggest them various investment
options. Our main aim was to convince the prospective clients for
appointment. We learnt that to understand the client’s mood at that point of
time was also important. You had to be polite and confident. If a client wanted
to be called back at a specified time, I did so without fail. No negligence was
tolerated on this part as first impression is the last impression and I didn’t
want to lose out on any prospective client
The time given by the client for the meet was given utmost importance. I and
my colleague tried to reach the meeting place in time so that the client didn’t
have to wait. The entire experience of meeting the clients, explaining them
53
the products, and based on the questions asked by us, as well as the client,
analyzing their risk taking capability and investment capacity was a learning
in itself.
After gathering above information about the clients, we used to discuss the
client’s details with the Wealth Managers. Based on their investment
requirement, investment objective, risk taking ability and the investment
capability we would come up with suggestions as to where they should invest
and how much.
If the client had already invested in any of the financial products, we tried
gathering details about the same. If the client had already invested in equities
and wanted to invest in safer investment options, we suggested him to go for
Income scheme in Mutual Funds or Bonds.
There were investors who wanted high returns but didn’t want to take greater
risk. To such investors investments in mutual funds rather than equities was
suggested. Investors wanting to invest for taxes saving purpose were
suggested to invest in Tax Saving Mutual Funds like SBI Magnum Tax Gain,
HDFC tax Benefit Scheme.
I also gave a presentation on the basis of self study and trainings provided to
me on Mutual Funds. This helped me improve my presentation skills and
knowledge about the same. As a student, I have given many presentations
but this one gave me a chance to face the corporate heads as evaluators. The
feedback for the same was good but scope for improvement always remains.
54
knowledge on the investment options, which was minimal prior internship has
strengthened and expanded post internship.
Other than working ‘Live’ at the office I also benefited by assignments given
to us such as visiting other competitors of KARVY STOCKBROKING LIMITED
and gathering investment advices from their side for new and budding
investors. Usually for new investors they either suggest Insurance (if the
client doesn’t have one), Mutual Funds or Equities but for long term.
The experience and know-how gained from this internship, has left me in
more compliant form and stature in order to fare better in areas of similar
interest. With an optimistic view towards future, and with the desire to
implement all the knowledge gained, I hereby conclude my report on my
Internship at KARVY STOCKBROKING LIMITED- SME Segment, Lucknow.
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BIBLIOGRAPHY
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• "Advisory Services." www.karvy.com. 2 May. 2007
http://www.karvy.com/contactus/karvystockbrokingservice
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