Documentos de Académico
Documentos de Profesional
Documentos de Cultura
PROJECT REPORT
ON
TITLED
2011-2013
1
SUBODH INSTITUTE OF MANAGEMENT & CAREER
STUDIES, JAIPUR
ACKNOWLDGEMENT
Talent and capabilities are of course necessary but opportunities and right guidance
is two very important back-ups without which any person cannot climb the ladder to
success.
I wish to express my most sincere thanks to Mr. Taj Mohammed (Cluster Manager)
kotak securities, Vaishali Nagar, Jaipur, providing me the opportunity to work with
renowned organization and enabling me to gain practical knowledge in the field of
Finance and Operations. I also owed my profound gratitude to my field guide Mrs.
Vartika (back office staff) and Mr. Naveen gupta (relationship manger) for their
guidance during the duration of project.
I indeed thanks to kotak securities ltd. Vaishali nagar, Jaipur and Simcs Jaipur for
giving me opportunity to have experience in a professionally run organization.
Indebted to my parents, friends and relatives for their physical, psychological and
moral support extended by them at all time.
2
Virendra Kumar
PREFACE
Any kind of learning is incomplete till it is practically applied in the concerned field.
Only then does a person understand and get hold of even the minutest details of
what he/she has learnt in his stay at the institute doing his /her MBA. So, to
practically apply what I had gained in the past one year in the MBA programme, I
underwent two months summer training at Kotak Securities, Vaishali Nagar, Jaipur.
It has been a wonderful learning experience, which has given me an insight into
Management of modern business which requires an appreciation of multidisciplinary
concept and in-depth knowledge of specific analytical tools, geared to the solution of
real life problems. No doubt every real situation is unique but a set of theoretical
tools of knowledge, itself based on empirical foundation, can help in developing the
mechanism for handling such situation.
So the MBA curriculum has been desired to provide to the future managers ample
practical exposure to the business world.
The summer training is essential for the fulfillment of MBA curriculum; it provides an
opportunity to the student to understand the industry with special emphasis on the
development of skills in analyzing interpreting practical problems through
applications of management.
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The whole study has been divided into various parts:
The First Chapter includes the introduction about derivatives and history of
kotak securities ltd. Its award and recognitions and its business in online
trading.
The Third chapter has reported facts and information gathered by student
in the course of study of topic.
The Fourth chapter is about online trading and the software KEAT used by
the organization.
The Fifth chapter is about SWOT analysis, which can help the organization
to solidify its position in the market.
The Sixth chapter includes the Suggestions and Recommendations for the
further development and pointing out the weak points so that changes can be
made.
Lastly, there is Bibliography of the books, which was used by the researcher.
TABLE OF CONTENT
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S.No TOPIC PAGE No.
1. OVERVIEW 6
A) BASIC INTRODUCTION OF DERIVATIVE
B) INTRODUCTION OF KOTAK MAHINDRA GROUP
C) HISTORY OF KOTAK MAHINDRA GROUP
D) INTRODUCTION OF KOTAK SECURITIES LTD.
E) PRODUCTS ANS SERVICES OF KOTAK
2. 17
RESEARCH PROFILE
A) OBJECTIVE OF STUDY
B) SIGNIFICANCE OF STUDY
C) RESEARCH METHODOLOGY AND DATA COLLECTION
4. ONLINE TRADING 30
7. BIBLIOGRAPHY 50
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A derivative is a financial instrument whose value depends on the values of other
underlying variables. As the name suggests it derives its value from an underlying
asset. A feature common to all underlying assets is that they carry the risk of change
in value. For ex-a derivative may be created for a share, or any material object. The
most common underlying assets include stocks, bonds, commodities etc.
The group has a net worth of over Rs. 100.6 billion and has a distribution network of
branches, franchisees, representative offices and satellite offices across cities and
towns in India, and offices in New York, London, San Francisco, Dubai, Mauritius
and Singapore servicing around 8 million customer accounts.
The group specializes in offering top class financial services, catering to ever y
segment of the industry. The various companies include :
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Kotak International Business
7
Kotak Mahindra Old Mutual Life Insurance Ltd
Depository Services
8
website www.kotaksecurities.com
Our services encompass Equity & Debt Capital Markets, M&A Advisory, Private
Equity Advisory, Restructuring and Recapitalization services, Structured Finance
services and Infrastructure Advisory & Fund Mobilization.
9
Kotak International Business
For more information, please visit the Kotak Mahindra International Business
websitewww.investindia.kotak.com
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with a combination of equity capital, strategic support and value added services.
What differentiates KPEG is not merely funding companies, but also having a
close involvement in their growth as board members, advisors, strategists and
fund-raisers.
The Kotak Mahindra group was born in 1985 as kotak Capital Management Finance
Limited. This company was promoted by Uday Kotak, Sidney A. A. Pinto and Kotak
and company. Industrialists Harish Mahindra and Mahindra took a stake in 1986, and
thats when the company changed its name to Kotak Mahindra Finance Limited.
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It has been a steady and confident journey leading to growth and success. The
milestones of the group growth story are listed below year wise:
1986 Kotak Mahindra Finance Ltd started the activity of Bill Discounting
1987 Kotak Mahindra Finance Ltd entered the Lease and Hire Purchase market
1991 The Investment Banking Division was started. Took over FICOM, one of
India's largest financial retail marketing networks
1996 The Auto Finance Business is hived off into a separate company - Kotak
Mahindra Prime Limited (formerly known as Kotak Mahindra Primus
Limited). Kotak Mahindra takes a significant stake in Ford Credit Kotak
1998 Entered the mutual fund market with the launch of Kotak Mahindra Asset
Management Company.
2000 Kotak Mahindra tied up with Old Mutual plc. For the Life Insurance business.
Kotak Securities launched its on-line broking site. Commencement of private
equity activity through setting up of Kotak Mahindra Venture Capital Fund.
2003 Kotak Mahindra Finance Ltd. converted into a commercial bank - the first
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Indian company to do so.
2005 Kotak Group realigned joint venture in Ford Credit; their stake in Kotak
Mahindra Prime was bought out (formerly known as Kotak Mahindra Primus
Ltd) and Kotak groups stake in Ford credit Kotak Mahindra was sold.
2006 Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital
Company and Kotak Securities.
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York, London, Dubai, Mauritius and Singapore.
We process more than 400000 trades a day which is much higher than
some of the renowned international brokers.
Kotak Securities Limited has Rs. 1,202 crore of Assets Under Management
(AUM) as of 31st Dec, 2011.
Innovators:
We have been the pioneers in providing many products and services which
have now become industry standards for stock broking in India. Some of
them include:
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Auto Invest - A systematic investing plan in Equities and Mutual funds
Research Expertise:
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Executive Director & Chief operating Officer: Mr. D. Kannan
Bank
Life Insurance
Mutual Fund
Car Finance
Securities
Institutional Equities
Investment Banking
Awards
Best Brokerage Firm in India by Asia money in 2009, 2008, 2007 & 2006
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Avaya Customer Responsiveness Awards (2007 & 2006) in Financial
Services Sector
The Leading Equity House in India in Thomson Extel Surveys Awards for
the year 2007
Euro money Award (2007 & 2006) - Best Provider of Portfolio Management:
Equities
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TITLE OF THE STUDY
The title given to the researcher found to be very interesting and learning in
nature. Although researcher faced various problem seeking information
from various source due to the competition of various bank, but due to co-
operation from various friends, colleagues and specially the staff of Kotak
Securities Ltd. she had completed the report.
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SIGNIFICANCE OF THE STUDY
Everyone put his or her time, money and efforts because to have some
significance. My studies have some significance to:
The organization
The Student
RESEARCH METHODOLOGY
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Entire data has been collected and calculated up to the accurate extent is
from primary as well as secondary sources i.e. no previous data was
available on the basis of which calculation for graphical presentation is
done. As it was assured to the respondents that their response would be
kept confidential so they were very free and frank while giving their
response.
To make the report more authentic and valid, the collection of data should
be through reliable sources and the approach is very important. For the
purpose of his report, the data and information were collected in the
following manner:
The organization was visited daily to collect the information about their
services and products offered. Their pamphlets were obtained and studied.
The internet, being the largest source of information and knowledge proved
to be biggest help in data collection. The website of the Kotak Securities
Ltd. gave the information regarding the industry in general.
Books Available :-
The data was also collected from the book with us and the brochures also
proved very useful.
The data so collected was then sorted and classified to make it suitable for
analysis. Several questions proved to be reluctant and were dropped in
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final analysis. Conclusions were drawn on the basis of the majority opinion.
Some points were the conclusions were ambiguous were also removed
from analysis.
FORMULATE HYPOTHESIS
DESIGN RESEARCH
COLLECT DATA
ANALYSIS DATA
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SEBI Introduction
In 1988 the Securities and Exchange Board of India (SEBI) was established
by the Government of India through an executive resolution, and was
subsequently upgraded as a fully autonomous body (a statutory Board) in
the year 1992 with the passing of the Securities and Exchange Board of
India Act (SEBI Act) on 30th January 1992.
Since its inception SEBI has been working targeting the securities and is
attending to the fulfilment of its objectives with commendable zeal and
dexterity. The improvements in the securities markets like capitalization
requirements, margining, establishment of clearing corporations etc.
reduced the risk of credit and also reduced the market. SEBI has
introduced the comprehensive regulatory measures, prescribed registration
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norms, the eligibility criteria, the code of obligations and the code of
conduct for different intermediaries like, bankers to issue, merchant
bankers, brokers and sub-brokers, registrars, portfolio managers, credit
rating agencies, underwriters and others. It has framed bye-laws, risk
identification and risk management systems for Clearing houses of stock
exchanges, surveillance system etc. which has made dealing in securities
both safe and transparent to the end investor. Another significant event is
the approval of trading in stock indices (like S&P CNX Nifty & Sensex)
in2000. A market Index is a convenient and effective product because of the
following reasons:
L. C. Gupta Committee
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phased introduction of derivatives trading in India beginning with Stock
Index Futures. The Board also approved the "Suggestive Bye-laws" as
recommended by the Dr LC Gupta Committee for Regulation and Control of
Trading and Settlement of Derivatives Contracts.
J. R. Verma Committee
Introduction of BSE
BSE Limited is the oldest stock exchange in Asia What is now popularly
known as the BSE was established as "The Native Share & Stock Brokers'
Association" in 1875.
Over the past 135 years, BSE has facilitated the growth of the Indian
corporate sector by providing it with an efficient capital raising platform.
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Today, BSE is the world's number 1 exchange in the world in terms of the
number of listed companies (over 4900). It is the world's 5th most active in
terms of number of transactions handled through its electronic trading
system. And it is in the top ten of global exchanges in terms of the market
capitalization of its listed companies (as of December 31, 2009). The
companies listed on BSE command a total market capitalization of USD
Trillion 1.28 as of Feb, 2010.
BSE is the first exchange in India and the second in the world to obtain an
ISO 9001:2000 certification. It is also the first Exchange in the country and
second in the world to receive Information Security Management System
Standard BS 7799-2-2002 certification for its BSE On-Line trading System
(BOLT). Presently, we are ISO 27001:2005 certified, which is a ISO version
of BS 7799 for Information Security.
The BSE Index, SENSEX, is India's first and most popular Stock Market
benchmark index. Exchange traded funds (ETF) on SENSEX, are listed on
BSE and in Hong Kong. Futures and options on the index are also traded at
BSE.
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Launched a reporting platform for corporate bonds christened the
ICDM or Indian Corporate Debt Market
BSE now offers AMFI Certification for Mutual Fund Advisors through
BSE Training Institute (BTI)
BSE also successfully launched the BSE IPO index and PSU
website
BSE revamped its website with wide range of new features like 'Live
streaming quotes for SENSEX companies', 'Advanced Stock Reach',
'SENSEX View', 'Market Galaxy', and 'Members'
With its tradition of serving the community, BSE has been undertaking
Corporate Social Responsibility (CSR) initiatives with a focus on Education,
Health and Environment. BSE has been awarded by the World Council of
Corporate Governance the Golden Peacock Global CSR Award for its
initiatives in Corporate Social Responsibility (CSR).
Other Awards:
The Annual Reports and Accounts of BSE for the year ended March
31, 2006 and March 31, 2007 have been awarded the ICAI awards
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for excellence in financial reporting.
Drawing from its rich past and its equally robust performance in the recent
times, BSE will continue to remain an icon in the Indian capital market.
Introduction of NSE
NSE has played a catalytic role in reforming the Indian securities market in
terms of microstructure, market practices and trading volumes. The market
today uses state-of-art information technology to provide an efficient and
transparent trading, clearing and settlement mechanism, and has
witnessed several innovations in products & services viz. demutualisation
of stock exchange governance, screen based trading, compression of
settlement cycles, dematerialisation and electronic transfer of securities,
securities lending and borrowing, professionalisation of trading members,
fine-tuned risk management systems, emergence of clearing corporations
to assume counterparty risks, market of debt and derivative instruments
and intensive use of information technology.
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Getting Familiar with Market Related Concepts
Once you enter the Stock market, you will frequently come across terms
like Market Capitalization, Small-Cap Stocks, Mid-Cap Stocks and Large-
Cap Stocks. In this section you will get an understanding of what these
terms mean in the context of stock markets.
MARKET CAPITALIZATION
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*Outstanding means the shares held by the public
For example, if Stock A has a Current Market Price of Rs 20 per share, and
there are 1,00,000 shares in the hands of public investors, then Stock A has
a capitalization of 20,00,000.
In the US, mid-cap shares are those stocks that have a market
capitalization ranging from Rs 9,000 crore to Rs 45,000 crore. In India,
these shares would be classified as large-cap shares. Thus, classification
of shares into large-cap, mid-cap, small-cap is made on the basis of the
relative size of the market in that particular country. The total market
capitalization of US markets is $15 trillion. In India, the market capitalization
of listed companies is around $600bn.
SMALL-CAP STOCKS
A: The stocks of small companies that have the potential to grow rapidly are
classified as small-cap stocks. These stocks are the best option for an
investor who wishes to generate significant gains in the long run; as long he
does not require current dividends and can withstand price volatility.
Generally companies that have a market Capitalization in the range of up to
250 Corores are small cap stocks As many of these companies are
relatively new, it is difficult to predict how they will perform in the market.
Being small enterprises, growth spurts dramatically affect their values and
revenues, sending prices soaring.
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On the other hand, the stocks of these companies tend to be volatile and
may decline dramatically.
Most Initial Public Offerings are for small-cap companies, although these
days large companies do tend to source the capital markets for expansion
plans. Aggressive mutual funds are also enthusiastic about adding small-
cap stocks in their portfolios. Because they have the advantage of being
highly growth oriented, small-cap stocks can forego paying dividends to
investors, which enables the profits earned to be reinvested for future
growth.
MID-CAP STOCKS
Mid-cap stocks also include baby blue chips; companies that show steady
growth backed by a good track record. They are like blue-chip stocks
(which are large-cap stocks) but lack their size. These stocks tend to grow
well over the long term.
LARGE-CAP STOCKS
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A: Stocks of the largest companies (many being blue chip firms) in the
market such as Tata, Reliance, ICICI are classified as large-cap stocks.
Being established enterprises, they have at their disposal large reserves of
cash to exploit new business opportunities.
The sheer volume of large-cap stocks does not let them grow as rapidly as
smaller capitalized companies and the smaller stocks tend to outperform
them over time. Investors, however gain the advantages of reaping
relatively higher dividends compared to small- and mid-cap stocks while
also ensuring the long-term preservation of their capital.
Futures Trading
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As we can see, the above contract depends upon the price of the Satyam
Computers scrip, which is the underlying security. Similarly, futures trading
can be done on the indices also. Nifty futures is a very commonly traded
derivatives contract in the stock markets. The underlying security in the
case of a Nifty Futures contract would be the Index-Nifty.
Futures/Forwards
Options
Swaps
The example stated below will simplify the concept of futures trading:
Case1:
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Ravi wants to buy a Laptop, which costs Rs 50,000 but owing to cash
shortage at the moment, he decides to buy it at a later period say 2 months
from today.However,he feels that after 2 months the prices of Lap tops may
increase due to increase in input/Manufacturing costs .To be on the safer
side, Ravi enters into a contract with the Laptop Manufacturer stating that 2
months from now he will buy the Laptop for Rs 50,000. In other words he is
being cautious and agrees to buy the Laptop at today's price 2 months from
now. The forward contract thus entered into will be settled at maturity. The
manufacturer will deliver the asset to Ravi at the end of two months and
Ravi in turn will pay cash delivery.
A: Lot size refers to the quantity in which an investor in the markets can
trade in a derivative of a particular scrip. For Ex-Nifty Futures have a lot
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size of 100 or multiples of 100.Hence if a person were to buy 1 lot of Nifty
Futures , the value would be 100*Nifty Index Value at that point of time.
Similarly lots of other scrips such as Infosys, reliance etc can be bought
and each may have a different lot size. NSE has fixed the minimum value
as two lakhs for an Futures and Options contract. Lot sizes are fixed
accordingly which will be the minimum shares on which a trader can hold
positions.
A: Each contract entered into has an expiry period. This refers to the period
within which the futures contract must be fulfilled. Futures contracts may
have durations of 1 month,2 months or at the most 3 months. Each contract
expires on the last Thursday of the expiry month and simultaneously a new
contract is introduced for trading after expiry of a contract.
What are the uses of Derivatives? What are the various derivative
strategies that I can use?
a)Hedging
b)Speculation&
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c)Arbitrage
Chapter 1:OPTIONS
A: Before you begin options trading it is critical to have a clear idea of what
you hope to accomplish. Only then will you be able to narrow down on an
options trading strategy. Let us first understand the concept of options.
The concept of options can be explained with this example. For instance,
when you are planning to buy some property you might have placed a
nonrefundable deposit to hold it for a short time while you evaluate other
options. That is an example of a type of option.
Buying a stock option is quite similar. Options are contracts that give the
holder the right to buy or sell a fixed amount of a certain stock at a specified
price within a specified time. A put option gives the holder the right to sell
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the security, a call option gives the right to buy the security. However, this
type of contract gives the holder the right, but not the obligation to trade
stock at a specific price before a specific date. Several individual investors
find options useful tools because they can be used either as:
A) A type of leverage or
B) A type of insurance.
Trading in options lets you benefit from a change in the price of the share
without having to pay the full price of the share. They provide you with
limited control over the shares of a stock with substantially less capital than
would be required to buy the shares outright.
When used as insurance, options can partially protect you from the specific
security's price fluctuations by granting you the right to buy or sell shares at
a fixed price for a limited amount of time.
Options are inherently risky investment vehicles and are suitable only for
experienced and knowledgeable investors who are prepared to closely
monitor market conditions and are financially prepared to assume
potentially substantial losses.
What are the different types of Options? How can Options be used as a
strategic measure to make profits/reduce losses?
a)Call Option
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b)Put Option
As mentioned before, there are two types of options, calls and puts. A call
option gives the holder the right to buy the underlying stock at the strike
price anytime before the expiration date. Generally Call options increase in
value as the value of the underlying instrument increases.
By contrast, the put option gives the holder the right to sell shares of the
underlying stock at the strike price on or before the expiry date. The put
option gains in value as the value of the underlying instrument decreases. A
put option is one where one can insure a stock against subsequent price
fall. If the value of your stocks goes down, you can exercise your put option
and sell it at the price level decided upon earlier. If in case the stock price
moves higher, all you lose is just the premium amount that was paid.
Note that in newspaper and online quotes you will see calls abbreviated as
C and puts abbreviated as P.
The examples stated below will explain the use of Put options clearly:
Case 1:
Rajesh purchases 1 lot of Infosys Technologies MAY 3000 Put and pays a
premium of 250 This contract allows Rajesh to sell 100 shares of Infosys at
Rs 3000 per share at any time between the current date and the end of
May.Inorder to avail this privilege, all Rajesh has to do is pay a premium of
Rs 25,000 (Rs 250 a share for 100 shares).
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The buyer of a put has purchased a right to sell. The owner of a put option
has the right to sell.
Case 2:
If you are of the opinion that a particular stock say "Ray Technologies" is
currently overpriced in the month of February and hence expect that there
will be price corrections in the future. However you don't want to take a
chance , just in case the prices rise. So here your best option would be to
take a Put option on the stock.
Spot Rs 1040
So you purchase 1000 "Ray Technologies" Put at strike price 1070 and Put
price of Rs 30/-. You pay Rs 30,000/- as Put premium.
In the first situation you have the right to sell 1000 "Ray Technologies"
shares at Rs 1,070/- the price of which is Rs 1020/-. By exercising the
option you earn Rs (1070-1020) = Rs 50 per Put, which amounts to Rs
50,000/-. Your net income in this case is Rs (50000-30000) = Rs 20,000.
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In the second price situation, the price is more in the spot market, so you
will not sell at a lower price by exercising the Put. You will have to allow the
Put option to expire unexercised. In the process you only lose the premium
paid which is Rs 30,000.
A: The total number of option contracts and/or futures contracts that are not
closed or delivered on a particular day and hence remain to be exercised,
expired or fulfilled through delivery is called open interest.
What is meant by the terms Option Premium, strike price and spot price?
A: The price that a person pays for a call option/Put Option is called the
Option Premium. It secures the right to buy/sell that particular stock at a
specified price called the strike price. In other words the strike price is the
specified price at which the holder of a stock option may purchase the
stock. If you decide not to use the option to buy the stock, and you are not
obligated to, your only cost is the option premium. Premium of an option =
Option's intrinsic value + Options time value The stated price per share for
which underlying stock may be purchased (for a call) or sold (for a put) by
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the option holder upon exercise of the option contract is called the Strike
price. Spot Price is the current price at which a particular commodity can be
bought or sold at a specified time and place.
A: The last price paid for a contract on any trading day. Settlement prices
are used to determine open trade equity, margin calls and invoice prices for
deliveries.
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It is calculated by subtracting the options strike price from the spot price. An
out-of-the-money option has an intrinsic value of zero.
Time value is the amount over intrinsic value that a buyer pays for the
option. While buying time value, an options purchaser assumes that the
option will increase in value before it expires. As the option nears
expiration, its time value starts decreasing toward zero.
Theoretical Value
This model considers the price of the stock, the options strike price, the
time remaining before expiration, the volatility of the underlying stock, the
stock's dividends and the current interest rate while arriving at the
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theoretical value of the option.
Although an option may trade for more or less than its theoretical value, the
market views the theoretical value as the objective standard of an option's
value. This makes the price of all options tilt toward their theoretical value
over time.
Volatility
The volatility of the underlying stock is one of the key factors in determining
the value of an option. Often, the options price increases as the volatility of
the stock increases. The difficulty in predicting the behavior of a volatile
stock permits the option seller to command a higher price for the additional
risk.
There are two types of volatility, historical and implied. As the term
suggests, historical volatility is a measurement of the stocks movement
based on its past behavior.
Dividends
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As an owner of a call option you can always exercise your right to the stock
and receive any dividend it might pay.
Interest Rate
If you buy an option rather than a stock, you invest less money upfront.
Days Until Expiration
An option, being a wasted asset; wastes a little as each day lapses. Thus
its value is calculated in accordance to the amount of days left in its life.
What is meant by Covered Call, Covered Put, In the Money, Out Of the
Money, At the Money?
A: In-the-money
A call option is in the money if the strike price is less than the market price
of the underlying security. A put option is in-the-money if the strike price is
greater than the market price of the underlying security.
At-the-money
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Covered Call
You can take a covered call if you take a long position in an asset combined
with a short position in a call option on the same underlying asset.
Covered Put
The selling of a put option while being short for an equivalent amount in the
underlying security.
Online Trading
Online trading is a service offered on the internet for purchase and sale of
equity, derivatives and commodities. In Online trading, you ill access
stockbrokers website through your internet enabled PC and place orders
through brokers internet-based trading engine. These orders are routed to
the concerned Stock or commodity Exchange without manual intervention
and execution thereon in a matter of a few seconds.
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Trinity Account:
2 in 1 Account 3 in 1 ( Trinity )
Account
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Fund transfer Manual transfer done No manual transfer
facility via payment gateway required
If your shares are held in joint names, be sure to open your account in the
same order of names. If A, Band C jointly hold 100 shares in the company
and have three share certificatesall named as ABC, one DP account will
suffice.
After opening the account, you can hold shares of any number of
companies in your account, provided all such companies have entered the
depository system.Submit a completely filled up Demat Request Form
(DRF) in triplicate for each ISIN along with defaced physical securities.
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Kotak Securities Ltd. provides you with one blank
Documents Required:
BROKERAGE STRUCTURE:
BROKERAGE STRUCTURE
1 - 5 lakh 0.55%
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5 - 10 lakh 0.45%
10 - 20 lakh 0.36%
20 - 60 lakh 0.27%
60 lakh - 2
0.23%
crore
Intraday brokerages
25 lakhs - 2
0.05% both sides
crores
2 crores - 5
0.04% both sides
crores
Futures
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Intraday brokerages Settlement
< 2 crores 0.07% both sides 0.09% both sides Gateway A/C
Minimum Minimum
Monthly
Intraday Settlement Brokerage Brokerage Per
Premium
Brokerage% Brokerage% Per LotLot
Volume
(Intraday) (Settlement)
Upto
2.5 2.5 100 100 Gateway
4Lacs
4Lacs-
2.25 2.5 100 100
11Lacs
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20Lacs
20Lacs-
1.35 2.3 80 100 Privilege
50Lacs
Note:2 Brokerage will be charged based on your account type at the start of
the month. Based on the monthly volume your effective slab will be
calculated and the brokerage difference will be debited or credited.
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these volumes a client can be either debited or credited an amount which is
as per the volumes he/she may achieve at the end of the month.
KEAT Software provides the best Terminal for the investors. With the help
of KEAT investor get profile of any company and see sensex, share prices,
nifty and up and downmarket position. KEAT is a dynamic, trading terminal
that facilities instant order placement and more.
Speedy transactions.
Script alerts.
Company research.
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KEAT Pro X
A free, easy-to-use web based tool for all our online trading customers,
KEAT Pro X is a high speed trading tool that allows you to monitor what is
happening in the market at real time speed. KEAT Pro X allows you to
check live market rates of scrips on NSE, BSE & NSE Currency. You can
create multiple watchlists and simultaneously place orders, view order
reports etc.
This platform is powered with many features that make your trading
experience faster and easier.
Features
Watch the market at real time with free streaming stock quotes from NSE,
BSE & NSE Currency. Available information also has details of Market Lot,
Top Gainers/Losers, Indices Update, Top Active Scrips, and Option
Calculator.
Charting Tools :
With available charting facility you can study and understand the pattern of
the stock of your choice. This gives you the option of viewing different kinds
of charts like Area, Candlestick etc.
Track your account information live, view placed orders; get trade
confirmation; view limits, positions, changing profit and loss etc. You can
customize the reports as per your convenience.
Customizable :
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KEAT Pro X allows you to create your own personalised view of the Indian
share market so you can watch the data you want. You can create multiple
watch lists that can have up to 50 scrips in each of them; these watch lists
can be set in tabs.
Speed :
KEAT Pro X is a high speed trading platform which provides you real
trading and reporting that helps you to take advantage of changing stock
prices.
Stock Recommendations :
This share trading software i.e. KEAT Pro X also provides you
recommendation on stocks which are researched by our research analysts
on real-time basis as and when a call is made by the research analyst.
Watchlists :
KEAT Pro X allows you to view NSE, BSE and currency prices all on a
single watch list.
Highly Integrated :
KEAT Pro X is a highly integrated platform, this means you can access to
different exchanges and instruments like, Equities, Derivatives and
Currency Derivatives from this single platform. It also allows each of your
created watch lists to be available on Website and Mobile Stock Trader as
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well and vice-versa.
Benefits
How to Download
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To download KEAT Pro X, login to your trading account on
www.kotaksecurities.com by using your User Id, Password & Security
Key/Access Code. Click on the tab Trading Tools and Select KEAT Pro X.
Click "Download" button to install it on your machine.
SWOT ANALYSIS
Strength
Weakness
Opportunities
Threats
STRENGTHS
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Aggressiveness of sales force in selling products.
Process more than 400000 trades a day which is much higher than some of
the renowned international brokers.
The office hours of the company for the customers are 9am to 6pm.
The company enjoys a very high brand loyalty and recall value among its
customers .
The company has a presence in all metros as well as in the most of the
major cities in the country.
WEAKNESS
OPPORTUNITIES
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There is continuous growth in this sector.
People have started turning towards the organization as they know that
facilities are far better than the others.
Market is fully vacant to capture because the branch has recently setup its
business.
THREATS
Competition in the sector is increasing in the entry of lots of private giants
with the collaboration of foreign giants.
As other organizations like Icici web trade, India Info line, etc are there in
the city so is a little bit difficult for them to capture the market.
More Branches:
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Customer awareness:
The people should be updated with the new issues and the schemes
started by the organizations to the existing customers. The customers
should be informed about the newly issued scrips as well as be given daily
basis tips/news for profitable transactions. Regular contact with the
customers through telephone can be maintained for smooth running of the
business.
Feedback:
Approaching all the potential clients, making them aware that various
instruments and convincing them.
Newspaper and agents are most effective tools for awareness, so Kotak
Securities Ltd should use these tools more for advertisement.
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QUESTIONNAIRE
NAME :
CONTACT NUMBER:
OCCUPATION:
ADDRESS:
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1. Are you aware of stock market?
(a)Yes (b) No
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opening of demat account?
BIBLIOGRAPHY
WEBSITES USED:
www.kotak.com
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www.kotaksecurities.com
www.goggle.com
www.businesstoday.com
www.nseindia.com
www.bseindia.com
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