project on demat account
TRANSCRIPT
-
8/2/2019 Project on Demat Account
1/62
PROJECT REPORT ON
Demat Account
Submitted to IIBM in the partial fulfillment of the requirement
for degree of
Master of e-Business Management(Finance)
By: -
Name Raju GoyalInternational Institute of e-Business Management
Roll Number 2008/MeBA/07/098
MOHALI
Year -2009
1 | P a g e
-
8/2/2019 Project on Demat Account
2/62
-
8/2/2019 Project on Demat Account
3/62
Acknowledgement
It was a great opportunity for me to work with Angel Broking Ltd., pioneers in the field ofFinance Industry. I am extremely grateful to all those who have shared their expertise andknowledge with me and without whom the completion of this project would have been virtuallyimpossible.
Firstly, I would like to thank our Company Guide Mr. Aditya Parmar, Training Manager who hasbeen a constant source of inspiration for me during the completion of this project. He gave meinvaluable inputs during my endeavor to complete this project.
I am also extremely grateful to Mr. Aditya Parmar, Training Manager, to have given me thisopportunity to work with him and gain valuable insights.
I am indebted to all staff of Angel Broking Ltd for their valuable support and cooperation duringthe entire tenure of this project. Not to forget, all those who have kept my spirits surging andhelped delivering my best.
I thank my faculty guide Mr./Ms. Harbajan Singh who helped me out at every critical situationthat I faced in my project and gave me his valuable advice to solve problems.
I want to give my special thanks to all members of IIeBM, for providing me opportunity to workon this project with this great organization.
At last I would like to thank all the respondents met in the preparation, who gave their valuabletime to provide us required information and their honest support to complete our project in time.
RAJU GOYALROLL NO. -2008/MeBA/07/ 098
3 | P a g e
-
8/2/2019 Project on Demat Account
4/62
CERTIFICATE OF COMPLETION
This is certify that the Final Project report entitled Demat Account submitted Summer
training report of the requirement for the degree of MeBA, is a work carried out by RAJU
GOYAL, Roll No. 2008/MeBA/07/098 under my supervision and guidance.
Project Guide:
(_______________________)
4 | P a g e
-
8/2/2019 Project on Demat Account
5/62
DECLARATION
To
The Director,International Institute of e-Business Management,Phase-1,Mohali.
Respected Sir,
I hereby declare that the Summer Training Report, which is entitled Demat Account , is
compiled and submitted by me is my original frame work. The Procedure in the report is based
on the Standards provided in ISO 9001. I have not copied the data from any previous report.
However, my Project Guide Respected Mr. Aditya Parmar helped me at various points while
preparing this report.
MR. RAJU GOYAL
5 | P a g e
-
8/2/2019 Project on Demat Account
6/62
EXECUTIVE SUMMARY
Training and development is the essential job of human resources department of every
organization. It is necessary to help employees in dealing with the changes caused by the
changing business environment.
I, RAJU GOYAL had done my project in ANGEL BROKING LTD. which is a leading
company in finance industry. The main objective of my project was to Demat Account.
The training design included departments, and their training needs, month of training, sequence
of training and methods of training. A proper matrix was formed differently for each level
highlighting the requirements to be trained.
It also includes different skills workshop including the contents, objectives of the skills imparted
to the employees. Most important in training process are the ice breakers and games which help
the trainees in feeling relaxed and refreshed.
Each level in organization was considered as separate entity and training procedure for them was
also different.
6 | P a g e
-
8/2/2019 Project on Demat Account
7/62
TABLE OF CONTENTS FOR PROJECT
REPORT
Introduction 8
Company Profile 9
SWOT Analysis 18
Discussion on Training 20
Demat Account of Angel Broking 25
Buying and Selling 34
Need for the study 38
Competitors 39
Objective 43
Research Methodology 44
Data Analysis and Interpretation 47
Observation and Finding 57
Limitation 59Suggestion 60
Summary and Conclusion 61
Bibliography 62
7 | P a g e
-
8/2/2019 Project on Demat Account
8/62
ANNEXURE (contains questionnaire) 63
Introduction
Angel Broking's tryst with excellence in customer relations began in 1987. Today,Angel has emerged as one of the most respected Stock-Broking and WealthManagement Companies in India. With its unique retail-focused stock trading
business model, Angel is committed to providing Real Value for Money to all its
clients.
The Angel Group is a member of the Bombay Stock Exchange (BSE), NationalStock Exchange (NSE) and the two leading Commodity Exchanges in the country:
NCDEX & MCX. Angel is also registered as a Depository Participant with CDSL.FSWA is into FINANCIAL PLANNING which involves selling of financial
products like D-mat account, corporate FDs, mutual funds and insurance.
Angel Broking ltd Transacting and investing simplified. Get ready to change theway you transact and invest in financial products and services. Whether you wish
to transact in equity, equity & commodity derivatives, prefer to invest in mutualfunds, life & general insurance products or avail money transfer and moneychanging services, you can do it all through reliance money. Simply open a Angeldemat account and enjoy the convenience of handling all your key financial
transactions through this one window.
In my project I explain in brief about the company, about financial planning, aboutDemat Account, and almost all the things that I have learned so that others can alsoread and learn from my experience.
8 | P a g e
-
8/2/2019 Project on Demat Account
9/62
COMPANY PROFILE
Angel Broking House Limited
COMPANY BACKGROUNDPhilosophy of the Company
Angel broking ltd. already has a presence in India through company Law,incorporated on December, 1997. It offers world-class financial planning and awide range of wealth management products to mass affluent and affluent customersegments. Angel Broking limited provides a complete range of financial productsand services that include equity broking (internet based online trading as well asoffline trading), financial planning, insurance, investment products, equityresearch, demat account and more.
Angel Broking Limited is one of the leading and professionally managed stock
broking firm involved in quality services and research. Angel Broking Limited is a
corporate member of The Stock Exchange, Mumbai.
The membership of the company with The Stock Exchange Mumbai was originally
in the name of Mukesh R. Gandhi, which was eventually turned into a corporate
membership in the name of Angel Broking Limited.
Angel Broking Limited is managed by Mr. Dinesh Thakkar and he is wellsupported by Mr. Mukesh Gandhi, a fifteen years veteran in the market.
The group is well supported by a professional and qualified research team andefficient operations and back office team, which comprises of highly dedicated andqualified individuals. Angel has an in-house, state of art research department.
Angel believes in reaching out to the customer at the farthest end rather than byreaching out to them. The company in its endeavour to give its client the best hasopened up several branches all over Mumbai, which are efficiently integrated withthe Head Office.
Angel Broking Limited is primarily into retail stock broking, with a customer baseof retail investors, which has been increasing at a compounded growth rate of
9 | P a g e
-
8/2/2019 Project on Demat Account
10/62
100% every year. The company has huge network sub-brokers in Mumbai andother places outside Mumbai, registered with SEBI, who act as Chanel partners forthe company. The company presently has total staff strength of around 150employees who are spread accordingly across the head office and all the branches.
Angel has empowered its physical presence throughout India through variousstrategies which it has been adopting efficiently and effectively over a period oftime, like opening up of branches at various places, tie-ups with various agenciesand sales agents, buy-outs of smaller regional outfits and appointment of sub-
brokers and franchisees. Moreover Angel has been tapping and including high net-worth and self-employed individuals it its vast array of clients.
Angel has always strived in the direction of delivering ultimate client satisfaction
and developing stronger bonds with its customers and chose partners. Angel has avision to introduce new and innovative products and services regularly. MoreoverAngel has been one among the pioneers to introduce the latest technologicalinnovations and integrate it efficiently within its business.
Mission:
To create long term value by empowering individual investors through
superior financial services supported by culture based on highest level ofteamwork, efficiency and integrity.
VISION:
To provide best value for money to investors through innovative products.
Trading/Investments Strategies
State of the art technology and personalized service.
Customer Promise
They are passionate about their customers' success and promise to deliverexceptional service with every meeting, interaction and dealing. They strive to
10 | P a g e
-
8/2/2019 Project on Demat Account
11/62
-
8/2/2019 Project on Demat Account
12/62
2008
November,2007
Major Volume Driver for 2007
March,2007
Crossed 200000 trading accounts
December,2006
Created 2500 business associates
October,2006
Major Volume Driver award for 2006
September
, 2006
Launched Mutual Fund and IPO
businessJuly, 2006 Launched the PMS function
March,2006
Crossed 100000 trading accounts
October,2005
Major Volume Driver award for 2005
September
, 2004Launched Online Trading Platform
April, 2004 Initiated Commodities Broking division
April, 2003 First published research report
November,2002
Angels first investor seminar
March,2002
Developed web-enabled back officesoftware
November,1998
Angel Capital and Debt Market Ltd.Incorporated
December,1997
Angel Broking Ltd. incorporated
12 | P a g e
-
8/2/2019 Project on Demat Account
13/62
Angel Broking House
Board of DirectorMr. Dinesh Thakkar Founder Chairman & Managing Director
The Angel Group of Companies was brought to life by Mr. Dinesh Thakkar. Heventured into stock trading with an intention to raise capital for his own independent enterprise.However, he recognised the opportunity offered by the stock market to serve individualinvestors. Thus Indias first retail-focused stock-broking house was established in 1987. Under
his leadership, Angel became the first broking house to embrace new technology for faster, moreeffective and affordable services to retail investors.
Mr. Thakkar is valued for his understanding of the economy and the stock-market. The print andelectronic media often seek his views on the market trend as well as investment strategies.
Mr. Lalit Thakkar Director Research
Mr. Lalit Thakkar is the motivating force behind Angels highly acclaimedResearch team. Hes been a part of the senior management team since the AngelGroups inception. His technical and fundamental outlook has provided impetusto Angels market research team. Research-based & personalized advisory
services are Angels forte, and Mr. Lalit Thakkar has undoubtedly been the brain behind it.
When it comes to analyzing the market, Mr. Lalit Thakkar is truly a genius. His hands-onexperience and fundamental knowledge of the market can predict the market trend early. Hisviews on the market trend are often quoted in the print and electronic media.
Mr. Amit Majumdar Chief Strategy Officer
A chartered Accountant by qualification, Mr. Amit Majumdar is a key member ofAngels strategic decision-making process. He has been with the group sinceAugust 2004. He has handled several functions of the group like finance andoperations, to name a few. He has rich experience in finance, investment banking,
treasury, consultancy and advisory services.
13 | P a g e
-
8/2/2019 Project on Demat Account
14/62
Mr. Majumdar has led many successful initiatives for the group. Before joining the Angel Group,Mr. Majumdar has been associated with Rabo India Finance, Ambit Corporate Finance and Ernst& Young.
Mr. Rajiv Phadke Executive Director HR & Corp.communications
Mr. Rajiv Phadke has actively contributed to the Groups growth over the lastfour years. Holding a major in Finance, Mr. Rajiv Phadke is a strategic thinkerwith expertise in the field of corporate planning, international marketing,financial services, brand-building, HRD and quality management.
With over 32 years of experience, Mr. Phadke has successfully led SBUs and financialcompanies from concept to commissioning. His career horizon spans Motilal Oswal Securities,
Times Guaranty Financials, Nagarjuna Securities and Tata Exports Ltd. He is also a well-knownspeaker in the HR and business development circuit and his views are featured on variouselectronic media as well.
Mr. Vinay Agrawal Executive Director Equity Broking
Mr. Vinay Agrawal leads the Equity Broking business at Angel, whichcomprises Business Development, Operations, Product Development and E-broking initiative. He is actively involved in exploring new ways to adopt
technology for business enhancement.
A Chartered Accountant by qualification, Mr. Agrawal began his career with the Angel Group asFinance and Operations Consultant, and since then hes quickly climbed up the corporate ladder.
Mr. Nikhil Daxini Executive Director - Sales and Marketing
With an MBA in finance, Mr. Nikhil Daxini has been instrumental in introducingthe concept of professional marketing of broking services at Angel. His area offocus is Business Development, Risk Management and Operations.
Mr. Daxini has immense experience in the marketing of financial products and services. He hasbeen associated with HDFC Bank Ltd. in the past.
14 | P a g e
-
8/2/2019 Project on Demat Account
15/62
Mr. Hitungshu Debnath Executive Director - Distribution &Wealth Management
A marketing professional and a British Chevening scholar from the LondonSchool of Economics, Mr. Hitungshu Debnath leads the Distribution andWealth Management business at the Angel Group. It includes the distribution ofInsurance, mutual funds, IPOs, personal loans and other wealth management
products.
Mr. Debnath has over 18 years of industry experience. He has been associated with TimesGuaranty Financial Ltd., Fortress Financial Services Ltd., Alliance Capital Asset Managementand HDFC Asset Management Ltd. in the past.
Mr. Mudit Kulshreshtha Executive Director - BusinessIntelligence & Analytics
Mr. Mudit Kulshreshtha heads the advance analytics and strategic businessintelligence division at Angel. With a Bachelors degree in Engineering and PhD in Economics,Mr. Mudit Kulshreshtha has more than 12 years experience in the field of strategy and business
consulting.
He has been associated with reputed consulting firms like Deloitte Consulting India, Ernst andYoung, Arthur Andersen and WNS Global. He has advised several big clients in the U.S. andU.K. He is also a known speaker at public seminars and conferences organized by CII,NASSCOM, Indian School of Business and IIT.
Mr. Santanu Syam Executive Director - Operations
Mr. Syam brings with him over 18 years of experience in the field ofTransaction Banking, Wholesale Banking, Treasury Banking, ConsumerBanking and CBS. He started his career with ANZ Grind lays Bank and he wasalso associated with Standard Chartered Bank in India as Director Transactional
Banking.
15 | P a g e
-
8/2/2019 Project on Demat Account
16/62
Mr. Syam followed up his Engineering degree with an MBA. He has also attended Banking &Technology seminars organized by SCB Singapore, BSE India & Euro Finance.
Mr. Ketan Shah Associate Director - Information Technology
IT is a strategic function at Angel. And Mr. Ketan Shah is involvedin the designing of Angels IT policies and Strategies. Mr. Shah leads all IT-relatedactivities from planning and budgeting to implementation and maintenance.
Mr. Shah has over 18 years of industry experience. He has been involved in various
aspects of Business Operations in his previous assignments.
Ms. Pinky Kothari Associate Director - Sales AndMarketing
Ms. Pinky Kothari is responsible for development and expansion ofthe Angel Groups business in Southern India. She started her career at Angel asBusiness Development Executive. She was then appointed the head of Surat Branchand the South Gujarat region, before assuming the role of Associate Director.
A qualified Company Secretary and an MBA in Finance, Ms. Kothari has vastexperience in business development in the financial services industry.
Mr. Naveen Mathur Associate Director Commodities Business
16 | P a g e
-
8/2/2019 Project on Demat Account
17/62
A CFA of 1997, Mr. Mathur holds a Post Graduation degree inFinancial Management and Business Finance. He brings with him over 14 years ofexperience in the financial markets
He had been associated with Religare Commodities, Karvy Consultants and with BLBLtd in the past. He has been involved in several management activities, treasuryoperations, corporate and strategic planning, and research activities in Futures andOptions markets in his past assignments.
Mr. Mathur is a regular speaker on all the prominent financial news channels.
SWOT ANALYSIS:-Strength:-
Co-operative and Experienced Branch Managers
Good Database
Reliance Brand
Low pricing
Weakness:- Inexperienced Staff
Low awareness due to lack of advertisement.
Lack of loyal clientage
Developing product.
Opportunity:- Untapped Market
Increased spending power
Changing Mindset of Customers
Unpredictable Sensex
Threat:- Reach
Stiff competition from existing players in the market
Better products
17 | P a g e
-
8/2/2019 Project on Demat Account
18/62
WHAT DOES ANGEL BROKING LTD. OFFERS
1. Personalized Service
Company believes in providing personalized service and individualattention to each client to ensure that we understand their goals andhelp them achieve it.
2. Professional Advice
Company offers expert advice on equity and debt portfolios withan objective to provide consistent long-term return while takingcalculated market risks. Companies approach helps clients build a
proper mix of products, and not concentrate on just one individualproduct. Hence, serving long-term objectives in the best way.
3. Long-term RelationshipCompany believes that long-term vision is the only means tosteady wealth creation. However to achieve this one also needs totake advantage of short-term market opportunities while not losingsight of long-term objectives. Hence it partners all its clients inrealizing their long-term vision.
4. Access to Research Reports
Company provides the clients with access to the expert opinion ofeconomists and analysts.
5. Transparency and Confidentiality
Companies clients receive regular portfolio statements fromrelationship managers via email.
DISCUSSION ON TRAINING
Students work profile(role and responsibilities)
I worked there with ANGEL BROKING LTD. with a profile of sales trainee. This profile
offers me to understand the need of customer and provide them the best deal possible
with maximization of the profit, both for the company as well as for the customer.
18 | P a g e
-
8/2/2019 Project on Demat Account
19/62
The most important aspect for the role of trainee is trust. So far fulfillment of the
targets one needs to:
Capitalize on the old and loyal clientage which can be building slowly by advising
people in the best possible way.
Generating new leads through various activities.
Generation of leads
Since I was new in the field so I had to start from scratch and generate new leads
to sustain in the market.
Cold calling is one of the trusted ways of getting to the customers without meeting them.
Although the rate of conversion remained very less, for cold calling the quality and
accent remains a very important criterion. this activity give me mixed result. I often got
success and generated many leads through it but it also landed me in awkward position
where the customer were in different mood and made us hear words for which a marketer
should be always prepared to hear. Corporate calls always remained more difficult to
crack with respect to retail sector.
The corporate were the most difficult and most temping to get the business from.
It took me one one day to crack Hi-tech Gears.
At ANGEL BROKING LTD. after getting the product knowledge in the first week at the
branch I was also allotted distributor to work with. In the initial phase I was accompanied
by more experienced staff. After I became known to the market and procedure I started
attending calls alone only.
19 | P a g e
-
8/2/2019 Project on Demat Account
20/62
After the third week my performance also improved and I was able to get close to the
targets, though it looked difficult to achieve in the beginning. To get awareness of the
every product I attended diversified calls. This helped me to implement cross selling to
get better results.
LIMITATIONS:
1. Cold Calling
Voice and accent plays a major role.
The right time to call a customer cannot be decided, as the customer may in a
different mood at the time of calling.
Time consuming
Less success rate
2. Corporate
Time consuming
Contacts with higher authorities play a major role
Description of live experience
I was supposed to use the database provided by the company to make cold calls or by
directly meeting people to get new leads.
While making cold calls, we need to have:
Good Communication Skills (Voice quality is clear and articulate)
Persistent and able to bounce back from rejection
Good organizational skills.
Ability to project a telephone personality (Enthusiasm, friendliness)
20 | P a g e
-
8/2/2019 Project on Demat Account
21/62
Flexibility: can adapt to different types of clients and new situations.
Using a good database is very essential.
Eighty percent of our business comes from 20 percent of our customers" is a frequent
statement at any sales convention. There's hardly a sales executive who is not aware of
the 80/20 rule.
While talking to customers, I analyze their needs. Whether they want to go for investment
purpose or insurance or both. Suggest them the plan that best suits them. If they agree to
it then either we send across the agents to close the deal or close it themselves.
21 | P a g e
-
8/2/2019 Project on Demat Account
22/62
Problems faced while selling products:
Customer dissatisfied with the services.
People fear that Angel Broking Being a Private company and a new entrant may
be able to sustain or not.
Past experience, word of mouth.
Misguidance by agents.
People do not want insurance products.
Lack of knowledge and less awareness about demat account.
22 | P a g e
-
8/2/2019 Project on Demat Account
23/62
People risk appetite is very low, so they are afraid of mutual fund as well.
Success is a journey, not adestination
ANGEL DEMAT ACCOUNTS
23 | P a g e
-
8/2/2019 Project on Demat Account
24/62
Overview of Demat AccountDemat account allows you to buy, sell and transact shares without the endless
paperwork and delays. It is also safe, secure and convenient.
In India, a demat account, the abbreviation fordematerialized account, is a typeof banking account which dematerializes paper-based physical stockshares. The
dematerialized account is used to avoid holding physical shares: the shares are
bought and sold through a stock broker.
This account is popular in India. The Securities and Exchange Board of India(SEBI) mandates a demat account for share trading above 500 shares. As of April2006, it became mandatory that any person holding a demat account should
possess a Permanent Account Number(PAN),and the deadline for submission ofPAN details to the depository lapsed on January 2007.
Is a demat account a must?Now a day, practically all trades have to be settled in dematerialized form.Although the market regulator, the Securities and Exchange Board of India (SEBI),has allowed trades of up to 500 shares to be settled in physical form, nobody wants
physical shares any more. So a demat account is a must for trading and investing.
Why demat?The demat account reduces brokerage charges, makes pledging/hypothecation of
shares easier, enables quick ownership of securities on settlement resulting inincreased liquidity, avoids confusion in the ownership title of securities, and
provides easy receipt of public issue allotments.
It also helps you avoid bad deliveries caused by signature mismatch, postal delays
and loss of certificates in transit. Further, it eliminates risks associated with
forgery, counterfeiting and loss due to fire, theft or mutilation. Demat account
holders can also avoid stamp duty (as against 0.5 per cent payable on physical
shares), avoid filling up of transfer deeds, and obtain quick receipt of such benefits
as stock splits and bonuses.
Steps involved in opening a demat accountFirst an investor has to approach a DP and fill up an account opening form. The
account opening form must be supported by copies of any one of the approved
24 | P a g e
http://en.wikipedia.org/wiki/Shareshttp://en.wikipedia.org/wiki/Stock_brokerhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_Indiahttp://en.wikipedia.org/wiki/Permanent_Account_Numberhttp://en.wikipedia.org/wiki/Stock_brokerhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Securities_and_Exchange_Board_of_Indiahttp://en.wikipedia.org/wiki/Permanent_Account_Numberhttp://en.wikipedia.org/wiki/Shares -
8/2/2019 Project on Demat Account
25/62
-
8/2/2019 Project on Demat Account
26/62
Procedure
1. Fill account opening form (available with your DP).
2. Give your DP the duly filled account opening form with introduction
documents as may be required.
3. Sign agreement with DP (agreement will state rights & obligations of both
parties). The agreement will contain the fee structure of your DP. Your DP
would give you a copy of this signed agreement for your record.
4. DP would give you Client Id no. (Account no.) Once your depository account
is opened. This Client Id no. along with your DP Id no. Forms a unique
combination. Both these nos. should be quoted in all your future
correspondence with DP/NSDL / Issuing Company/their registrar & transfer
(R&T) agent.
5. Your DP would give you pre-printed instruction slips for depository services
viz., dematerialization, delivery instruction for trades, etc..Preserve these
carefully.
6. Your DP would give you a list of deadlines for giving instructions for various
depository activities viz., transfer for effecting sale, purchase etc.. If not, check
with the DP.
Required Documents
The extent of documentation required to open a demat Account may vary
according to your relationship with the institution. If you plan to open a demat
account with a bank, a savings account holder has an edge over the non-account
holder. In fact, banks usually offer additional incentives to customers who open a
demat account with them.
Along with the application form, your photographs (with co-applicants) and proof
of identity/residence/date of birth have to be submitted. The DPs also ask for a DP-client agreement to be executed on non-judicial stamp paper. Here is a broad list
(you wont need all of them though):
PAN card
A canceled check,
26 | P a g e
-
8/2/2019 Project on Demat Account
27/62
Voters ID
Passport
Ration card
Drivers license
Photo credit card
Employee ID card
Bank attestation
IT returns
Electricity/ Landline phone bill
While they only ask for photocopies of the documents, they will need the originalsfor verification. You will have to submit a passport size photograph on which you
sign across.
Procedure
1. Fill account opening form (available with your DP).
2. Give your DP the duly filled account opening form with introduction
documents as may be required.
3. Sign agreement with DP (agreement will state rights & obligations of bothparties). The agreement will contain the fee structure of your DP. Your DP
would give you a copy of this signed agreement for your record.
4. DP would give you Client Id no. (Account no.) once your depository account
is opened. This Client Id no. along with your DP Id no. forms a unique
combination. Both these nos. should be quoted in all your future
correspondence with DP/NSDL / Issuing Company/their registrar & transfer
(R&T) agent.
5. Your DP would give you pre-printed instruction slips for depository servicesviz., dematerialization, delivery instruction for trades, etc..Preserve these
carefully.
6. Your DP would give you a list of deadlines for giving instructions for various
depository activities viz., transfer for effecting sale, purchase,etc.. If not, check
with the DP.
27 | P a g e
-
8/2/2019 Project on Demat Account
28/62
Angel Demat Account ServicesAngel Broking Transacting and investing simplified. Get ready to change the
way you transact and invest in financial products and services. Whether you wish
to transact in equity, equity & commodity derivatives, IPOs offshore investmentsor prefer to invest in mutual funds, life & general insurance products or avail
money transfer and money changing services, you can do it all through Angel.
Simply open a Angel account and enjoy the convenience of handling all your key
financial transactions through this one window.
Benefits of having an Angel account.
Its cost effectiveYou pay comparatively lower transaction fees. As an Introductoryoffer, we invite you to pay a flat fee of just Rs. 750/- and transactthrough Angel.
Its offers single Through Angels associates, you can transact in equity, equityand commodities derivatives, offshore investments mutual funds,IPOs life insurance, general insurance, money transfer, moneychanging and credit cards, amongst others.
Its convenientYou can access Angels services throughThe internetTransaction kiosksThe phone (call & transact)Our all India network of associates on an assisted trade.
Its Safe your account is safeguarded with a uniquesecurity number that changes every 32 seconds. This numberworks as a dynamics password to keep your account extra safe.
28 | P a g e
-
8/2/2019 Project on Demat Account
29/62
It provide you value- added services atwww.angelbroking.com, you get Reliable research, including views of external experts with anenviable track record Live news updates from Reuters and Dow Jones CEOs / expert views on the economy and financial markets Tools that help you plan your investments, tax, retirement, etc.in the personal finance section Risk Analyzer for analysis of your risk profile Asset allocators to build an appropriate investment portfolio Innovative use of technology for facilitating
The benefits:-
Benefits of Demat Account
A safe and convenient way to hold securities; Immediate transfer of securities; No stamp duty on transfer of securities; Elimination of risks associated with physical certificates such asbad delivery, fake securities, delays, thefts etc.;
Reduction in paperwork involved in transfer of securities; Reduction in transaction cost; No odd lot problem, even one share can be sold; Nomination facility; Change in address recorded with DP gets registered with allcompanies in which investor holds securities electronicallyeliminating the need to correspond with each of them separately; Transmission of securities is done by DP eliminatingCorrespondence with companies; Automatic credit into demat account of shares, arising out of
bonus/split/consolidation/merger etc. Holding investments in equity and debt instruments in a singleaccount.
Benefit For Investors29 | P a g e
-
8/2/2019 Project on Demat Account
30/62
Demat account has become a necessity for all categories ofinvestors for the following reasons/ benefits: SEBI has made it compulsory for trades in almost all scrips tobe settled in Demat mode. Although, trades up to 500 shares canbe settled in physical form, physical settlement is virtually nottaking place forthe apprehension of bad delivery on account of mismatch of signatures, forgery of signatures, fakecertificates,etc. It is a safe and convenient way to hold securities compared toholding securities in physical form.. No stamp duty is levied on transfer of securities held in Demat
form. Instantaneous transfer of securities enhances liquidity. It eliminates delays, thefts, interceptions and subsequentmisuse of certificates. Change of name, address, registration of power of attorney,deletion of deceased's name, etc. - can be affected acrosscompanies by one single instruction to the DP. Each share is a market lot for the purpose of transactions - sono odd lot problem.
Any number of securities can be transferred/delivered with onedelivery order. Therefore, paperwork and signing of multipletransfer forms is done away with. It facilitates taking advancesagainst securities on low margin/low interest.
Points To Remember
1. You may choose your DP based on your evaluation of their reputation, service
standards, charges, other conveniences, etc.2. Open depository account with the same holding pattern as there on existing
physical securities. You will need to open separate accounts for every different
combination of holding pattern. Eg.: If 100 securities of company ABC & 200
securities of company PQR are registered in the name of X as first holder & Y
as second holder, one account in name of X as first holder & Y as second
30 | P a g e
-
8/2/2019 Project on Demat Account
31/62
holder is sufficient. Whereas, if 100 securities of company ABC are registered
in the name of X as first holder & Y as second holder & 200 securities of
company PQR are registered in the name of Y as first holder & X as second
holder, you will need to open two accounts, one in the name of X as first
holder & Y as second holder and the second in the name of Y as first holderand X as second holder.
3. Account opening procedure should typically take 2-5 days.
4. In case of holdings of a partnership firm, the account should be opened in the
name of the partner(s).
5. In case of holdings of a HUF, the account should be opened in the name of the
Karta.
6. In case of a minor, the depository account should be opened in the name of theminor and the guardians name should be mentioned. The guardian will sign as
signatory on behalf of the minor. For selling the securities of the minor, a court
order should be obtained.
7. In case of any difficulties, contact your DP.
8. Only securities admitted by NSDL can be dematerialized. The list is available
with your DP.
9. Only securities registered in the name of the account holder can be
dematerialized.
10.Dematerialization is normally completed within 15 days after the share
certificates have reached the issuer/their R&T Agent. Thus it may take you a
month from the date you hand over shares, to receive demat credit.
11.Dematerialization would be done only when the issuer / their R&T Agent is
satisfied of genuineness of securities & ownership status
12. All the joint holders should sign the DRF.
13.The pattern of holding in the DRF should match the pattern of holding on theshare certificate & the pattern in which account is opened.
14.Demat requests with name(s) not matching exactly with the name(s) appearing
on the certificates merely on account of initials not being spelt out fully or put
after or prior to the surname, would be processed, provided the signature(s) of
31 | P a g e
-
8/2/2019 Project on Demat Account
32/62
the client(s) on the DRF tallies with the specimen signature(s) available with
the issuer/ their R & T agent.
15. If the signature in the DRF does not match with the signature available with
the issuer/ their R & T agent, the issuer/ their R & T agent may at the time of
demat confirmation, ask for additional documentation (like bank attestation/
notarization, etc.) to prove that the certificate belongs to the person who
forwarded the DRF.
16.In case there is any problem in processing the DRF, contact your DP and if he
cannot resolve the problem you may contact NSDL.
32 | P a g e
-
8/2/2019 Project on Demat Account
33/62
Buying and Selling of Dematerialization
INTRODUCTION
The procedure for buying and selling dematerialized securities is similar to the
procedure for buying and selling physical securities. The difference lies in the
process of delivery (in case of sale) and receipt (in case of purchase) of securities.
In case of purchase:-
The broker will receive the securities in his account on the payout day
The broker will give instruction to its DP to debit his account and credit
investors account
Investor will give Receipt Instruction to DP for receiving credit by filling
appropriate form. However one can give standing instruction for credit in to
ones accounts that will obviate the need of giving Receipt Instruction every
time.
In case of sale:-
The investor will give delivery instruction to DP to debit his account and credit the
brokers account. Such instruction should reach the DPs office at least 24 hours
before the pay-in as otherwise DP will accept the instruction only at the investors
risk.
Rights
33 | P a g e
-
8/2/2019 Project on Demat Account
34/62
1. Dematerialized securities can be traded on those stock exchanges connected to
NSDL. At present, NSE, BSE, CSE, DSE, LSE, BGSE, OTCEI, MSE, ISE &
ASE are connected to NSDL. At these stock exchanges, two segments would
be available to trade in dematerialized securities :
Unified (erstwhile physical) segment - In this segment delivery
obligation can be met by delivering dematerialized or physical securities at
the option of the seller. However, for a select list of securities prescribed
by SEBI, securities cannot be delivered in physical form in the unified
segment, of stock exchanges connected to NSDL. This list presently
covers 160 securities. This list has been expanded to cover a total of 200
securities with effect from January 17, 2000. Over a period, this list would
cover all actively traded securities.
Exclusive demat segment - In this segment delivery obligation can be
met by delivering dematerialized securities only. Physical securities
cannot be delivered in the exclusive demat segment.
2. ProcedureTrading in dematerialized securities is done through your broker just like
trading in physical securities. After your broker executes the trade, your DP
will help to deliver shares to your broker (in case you sell) on the basis of valid
instruction given by you to your DP and receive shares from your broker (in
case you buy) on basis of valid instruction given by your broker to his DP.
Buy dematerialized securities
1. You purchase securities in any of the stock exchanges connected to NSDL
through a broker of your choice and make payment to your broker. Make sure
you tell your broker you want only demat shares.
34 | P a g e
-
8/2/2019 Project on Demat Account
35/62
-
8/2/2019 Project on Demat Account
36/62
5. You receive payment from the broker for the sale in the same manner you
would receive payment for a sale in the physical mode.
Points To Remember1. Trading continues to be through brokers. In case of any problem in execution
of trade, contact your broker and if he fails to resolve the problem you may
contact the stock exchange.
2. When you buy securities through the stock exchange, your brokers clearing
account is credited to the extent of the securities purchased, on receipt of
instruction from clearing corporation/ clearing house of the stock exchange.Your depository account is credited only when your broker gives a delivery
instruction to his DP. Securities are not directly credited to your account by the
clearing corporation/ clearing house of the stock exchange. In case your broker
does not give a delivery instruction, contact him or concerned stock exchange
or SEBI. If your depository account is not credited, in spite of your broker
giving valid instruction to his DP, contact the DP and if he fails to resolve the
same you may contact NSDL.
3. When you sell securities, you have to give a delivery instruction to your DP to
transfer the securities to your brokers clearing account. They are not
automatically debited from your account by NSDL or by the clearing
corporation/ clearing house of the stock exchange. In case the DP defaults in
executing your instruction, the DP is liable to compensate you for the loss
incurred, provided your instruction was inorder and has been submitted to the DP at least 24 hours i.e. one working day
prior to the pay-in date or before the deadline prescribed by DP. In case the DP
fails to resolve your problem, you can contact NSDL.
36 | P a g e
-
8/2/2019 Project on Demat Account
37/62
NEED OF THE STUDY
The need of the study arises because of the reason that a
trainee must understand the company, its achievements and
tasks, products and services and also to collect information
about its competitors, its products and services offered. So
that, after understanding and collecting information about
the organization and its competitors, a trainee will be able towork well for the organization.
From the study I have learned very much, about the company
as well as the strategy of the customers, which helps me a lot
at my working days.
37 | P a g e
-
8/2/2019 Project on Demat Account
38/62
COMPETITORS
HDFC BANK is one of the leading Depository Participant (DP) inthe country with over 8 Lac demat accounts.
HDFC Bank Demat services offers you a secure and convenientway to keep track of your securities and investments, over aperiod of time, without the hassle of handling physical documentsthat get mutilated or lost in transit.
HDFC BANK is Depository participant both with National SecuritiesDepositories Limited (NSDL) and Central Depository ServicesLimited (CDSL).
Features & Benefits
As opposed to the earlier form of dealing in physical certificateswith delays in transaction, holding and trading in Demat form has
the following benefits:
Settlement of Securities traded on the exchanges as well as offmarket transactions.
Shorter settlements thereby enhancing liquidity.Pledging of Securities.Electronic credit in public issue.
38 | P a g e
-
8/2/2019 Project on Demat Account
39/62
Auto Credit of Rights / Bonus / Public Issues /Dividend credit through ECS.
Auto Credit of Public Issue refunds to the bank account.No stamp duty on transfer of securities held in demat form.
No concept of Market Lots.Change of address, Signature, Dividend Mandate, registration ofpower of attorney, transmission etc. can be effected acrosscompanies held in demat form by a single instruction to theDepository Participant (DP).
Holding / Transaction details through Internet / email.
In case you need any more information or have any queries ,
feedback & complaints , you may please mail us [email protected]
Secured & easy transaction processing
HDFC Bank Ltd provides convenient facility called 'SPEED-e'(Internet based transaction) whereby account holder can submitdelivery instructions electronically through SPEED-e website(https://speede.nsdl.com). SPEED-e offers secured means oftransaction processing eliminating preparation of instruction slipsand submission of the same across the counter to the depositoryparticipant. The 'IDEAS' facility helps in viewing the currenttransactions and balances (holdings) of Demat account onInternet on real time basis.
Disclaimer:
Whatever have been stated above are in the good interest of theInvestor / Demat Applicants / holders to provide a brief pictureabout the depository system. You are requested go through theguidelines of the depositories before taking any further action. Fordetailed guidelines, you are requested to approach your nearestHDFC Bank branch. HDFC Bank will not be responsible for anymisunderstanding / act based on the above. Also HDFC Bank
39 | P a g e
mailto:[email protected]://speede/mailto:[email protected]://speede/ -
8/2/2019 Project on Demat Account
40/62
might ask for additional information / documentation than whathas been stated above to process your application / instruction.
ICICI DIRECT
ICICI Direct (or ICICIDirect.com) is stock trading company of ICICIBank. Along with stock trading and trading in derivatives in BSEand NSE, it also provides facility to invest in IPOs, Mutual Fundsand Bonds.
Trading is available in BSE and NSE
ICICI Direct offers 3 different online trading platforms toits customersType of Account
1. Share Trading AccountShare Trading Account by ICICI Direct is primarily for buying andselling of stocks in BSE and NSE.
This account allows Cash Trading, Margin Trading,
Margin PLUS Trading, Spot Trading, Buy Today SellTomorrow and Call and Trade on phone.
ICICIDirect.com website is the primary trading platform for thistrading account. They also provide installable application terminalbased application for high volume trader.
40 | P a g e
-
8/2/2019 Project on Demat Account
41/62
2.Wise Investment Account
1. Online Mutual funds investment allows investor to invest on-line in around 19 Mutual Fund companies. ICICI Direct offersvarious options while investing in Mutual Funds like PurchaseMutual Fund, Redemption and switch between differentschemes, Systematic Investment plans, Systematicwithdrawal plan and transferring existing Mutual Funds in toelectronic mode. This account also provides facility to investin Government of India Bonds and ICICI Bank Tax SavingBonds.
2. Active Trader account gives more personalized investmentoptions to the investors. It allows investor to use online andoffline stock trading. It also provides with independentmarket expertise and support through a dedicatedRelationship Manager from ICICI.
Active Trader also provides commodity
trading.
Brokerage and fees
Account opening fees :Rs 750/- (One timenonrefundable)
Brokerage:ICICIDirect.com brokerage varies on volume oftrade and inclusive of demat transaction charges, servicetaxes and courier charges for contract notes. It ranges from0.1% to 0.15% for margin trades, 0.2% to 0.425% for squaredoff trades and 0.4% to 0.85% on delivery based trades.
41 | P a g e
-
8/2/2019 Project on Demat Account
42/62
Disadvantages of ICICI Direct
1. Getting access to ICICIDirect.com website duringmarket session can be frustrating.
OBJECTIVE
To find the market potential and market penetration of
angel broking product offerings in Panchkula, Zirkpur,
and local area nearby them.
To collect the real time information about preference
level of customers using Demat account and their
inclination towards various other brokerage firms e.g.India bulls, Share khan, India infoline, Religare, Alan- kit,
Unicon.
To expand the market penetration of Angel broking ltd.
42 | P a g e
-
8/2/2019 Project on Demat Account
43/62
To provide pricing strategy of competitors to fight cut
throat competition.
To increase the product awareness of Angel broking as
single window shop for investment solutions.
RESEARCH METHODOLOGY
INTRODUCTION
Research Methodology refers to search of knowledge .one can
also define research methodology as a scientific and systematic
search for required information on a specific topic.
The word research methodology comes from the word advance
learner s dictionary meaning of research as a careful
investigation or inquiry especially through research for new
facts in my branch of knowledge for example some author have
define research methodology as systematized effort to gain new
knowledge.
43 | P a g e
-
8/2/2019 Project on Demat Account
44/62
TYPES OF RESEARCH
ANALYTICAL RESEARCH:-
It has to used facts or information already available and analyze
these to make a critical evaluation of material.
SAMPLE SIZE:
Considering the constraints it was decided to conduct the study
based on sample size of 100 people in specific age groups.
METHODS OF DATA COLLECTION
In the project work Primary data secondary data (both) sources of data
has been used.
1. Primary data collection:
In dealing with real life problem it is often found that data at hand are inadequate,
and hence, it becomes necessary to collect data that is appropriate. There are
several ways of collecting the appropriate data which differ considerably in context
of money costs, time and other resources at the disposal of the researcher.
Primary data can be collected either through experiment or
through survey.
44 | P a g e
-
8/2/2019 Project on Demat Account
45/62
The data collection for this study was done in the following manner:
Through personal interviews:-A rigid procedure was followed and we were seeking answers to many pre-
conceived questions through personal interviews.
Through questionnaire:-
Information to find out the investment potential and goal was found out through
questionnaires.
Through Tele-Calling:-Information was also taken through telephone calls.
2. Secondary sources of data:
In the secondary sources of data is used. (Internet , mazazine ,books,
journals)
TOOLS OF ANALYSIS
In the project work quantitative technique & percentage method
are has been used.
RESEARCH DESIGN
For the proper analysis of data simple quantitative technique such as
percentage were used. It help in marketing more accurate generalization
45 | P a g e
-
8/2/2019 Project on Demat Account
46/62
From the data available .The data which was collected from a sample of
population was assumed to be representing entire population was
interested .Demographic factor like age, income and educational
background was used for the classification purpose .
DATA ANALYSIS ANDINTERPRETATION
Q1. In which of these Financial Instruments do you investinto?
Financial Instrument Percentage of respondentMutual Fund 75%Bond 16%Online trading 7%Derivative 2%
Result of Preference ofInvestment
Interpretation:This shows that although the mutual funds market is on the
rise yet, the most favored investment continues to be in the Share Market. So, with
46 | P a g e
-
8/2/2019 Project on Demat Account
47/62
a more transparent system, investment in the Stock Market can definitely be
increased.
Q2. Are you aware of online Share trading?
Aware of online share trading Percentage of respondent
Yes 72%No 28%
Result of awareness of online trading
Interpretation:
With the increase in cyber education, the awareness towards online share trading
has increased by leaps and bounds. This awareness is expected to increase further
with the increase in Internet education.
47 | P a g e
-
8/2/2019 Project on Demat Account
48/62
Q3. Heard about Angel Broking?
Awareness of Angel Broking Percentage of respondent
Yes 48%No 52%
Interpretation:
This pie-chart shows that reliance money has a reasonable amount of Brand
awareness in terms of a premier Retail stock broking company. This brand image
should be further leveraged by the company to increase its market share over its
competitors.
Q4. Do you know about the facilities provided by AngelBroking?
Awareness of Angel BrokingServices
Percentage of respondent
Yes 36%No 64%
48 | P a g e
-
8/2/2019 Project on Demat Account
49/62
Interpretation:
Although there is sufficiently high brand equity among the target audience yet, it is
to be noted that the customers are not aware of the facilities provided by the
company meaning thereby, that, the company should concentrate more towards
promotional tools and increase its focus on product awareness rather than brand
awareness.
Q .5 Which bank is easily available everywhere?
Company Name Percentage of respondent
Angel 15
ICICI 20
HDFC 15
Interpretation:-30% have respondent of Angel Broking Ltd, 30%
have respondent of HDFC, 40% have respondent of ICICI.
Q.6 Which banking Demat account offered you a large no.of services?
49 | P a g e
-
8/2/2019 Project on Demat Account
50/62
Company Name Percentage of respondent
Angel Broking 22
HDFC 10
ICICI 18
INTERPRETATION:44% have respondent of Angel Broking Ltd, 20% have
respondent of HDFC, 36% have respondent of ICICI.
Q.7 Which bank provide you a better email facility?
Company Name Percentage of respondent
Angel Broking 15
HDFC 13
ICICI 22
INTERPRETATION:
50 | P a g e
-
8/2/2019 Project on Demat Account
51/62
30% have respondent of Angel Broking Ltd.,26% have respondent of HDFC, 44% have respondent of ICICI.
Q.8 Which company provide a less BROKARAGE rate ?
Company Name Percentage of respondent
Angel Broking 22
HDFC 11
ICICI 17
INTERPRTETATION:44% have respondent of Angel broking
ltd., 22% have respondent of HDFC, 34% have respondentof ICICI.Q. 9 Which company provide you a large number of productand services?
Company Name Percentage of respondentAngel Broking 22
HDFC 10
ICICI 18
51 | P a g e
-
8/2/2019 Project on Demat Account
52/62
INTERPRETATION:-44% have respondent of Angel Broking
Ltd., 20% have respondent of HDFC, 36% have respondentof ICICI.
Represent a pie chart
OBSERVATION
52 | P a g e
-
8/2/2019 Project on Demat Account
53/62
To study the sales and distribution management andimprove the Customer Acquisition Process by analyzingthe consumer behavior, response and mindset towardsthe product and services the company offers.
1. Preference of Investment:
Consumers want to invest 75% in Mutual funds, 16% in
Bonds, 7% in online trading and 2% in Derivatives.
2. Awareness on Online Share Trading
72% consumers are aware of online share trading and
28% consumers are not aware of online share trading.
3. Awareness of Angel Broking
48% consumers are know about Angel Broking and 52%
consumers are not know about Angel Broking.
4. Awareness about facilities provided by Angel
Broking:
36% consumers are aware about the facilities provided
by Angel Broking and 64% consumers are not know
about the facilities provided by Angel Broking.
5. Availability of Bank30% have respondent of Angel Broking Ltd, 30% have
respondent of HDFC, 40% have respondent of ICICI.
6. Which banking Demat account offered you a large
no. of services?
4% have respondent of Angel Broking Ltd., 20% haverespondent of HDFC, 36% have respondent of ICICI.
7. Better email facility provided by bank30% have respondent of Angel Broking Ltd., 26% have
respondent of HDFC, 44% have respondent of ICICI.
53 | P a g e
-
8/2/2019 Project on Demat Account
54/62
8. Provide a less BROKARAGE rate
44% have respondent of Angel Broking Ltd., 22% have
respondent of HDFC, 34% have respondent of ICICI.
9. Provide a large no. of Products and services44% have respondent of Angel Broking Ltd., 20% have
respondent of HDFC, 36% have respondent of ICICI.
LIMITATION
The time constraint was one of the major problems.
54 | P a g e
-
8/2/2019 Project on Demat Account
55/62
The study is limited to the different schemes available
under the Demat account selected.
The lack of information sources for the analysis part.
Geographical locations.
Extreme variability in MARKET.
SUGGESTION
55 | P a g e
-
8/2/2019 Project on Demat Account
56/62
1. The Brand image of Angel Broking Ltd. is good in market but
according to customer satisfaction the company has to provide the
better service. And also change the Market strategy.
2. They should focus on print and electronic media advertisements to
make more people aware about them.
3. They should provide proper guidance to their customers about
demat.
4. They should provide should offers and facilities to their customers
to increase their attractiveness about demat.
5. For opening an account they require lots of signatures in a kit,
which should be reduced.
SUMMARY AND CONCLUSION
SUMMARY OF LEARNINGS EXPERIENCE
To get initial success in this field is very difficult. Although the business
generation becomes easier with time as we serve more people who then get added
56 | P a g e
-
8/2/2019 Project on Demat Account
57/62
up in the loyal clientage. Thus time and service are two most factors to get in this
field.
Also the corporate remains a very important segment which gets business in
bulk but retail cannot be ignored which makes your business ticking. Customer remains in the pivotal position.
CONCLUSIONAngel Demat Account is better than other Demat account. Angel Broking Ltd.
have good return of investment. A good brand is always welcomed over here
people are aware of quality so they go for ready to spend bucks of money.
At last all conclusion be concluded by that Angel Broking Ltd. is still growing
industry in India
Angel Broking Ltd. account have less brokerage rate .
It provide a security with the use of special type of key .
BIBLIOGRAPHY
Websites:
57 | P a g e
-
8/2/2019 Project on Demat Account
58/62
www.angelbroking.comwww.hdfc.com
www.icicidirect.comwww.demataccount.comwww.google.com
Reference books:
1. FINANCIAL INSTITUTIONS AND MARKETS2.INVESTMENT MANAGEMENT
58 | P a g e
http://www.angelbroking.com/http://www.hdfc.com/http://www.icicidirect.com/http://www.demataccount.com/http://www.google.com/http://www.angelbroking.com/http://www.hdfc.com/http://www.icicidirect.com/http://www.demataccount.com/http://www.google.com/ -
8/2/2019 Project on Demat Account
59/62
ANNEXURE
MARKET RESEARCH QUESTIONNAIREPLEASE TICK MARK THE APPROPRIATE
CHOICES
DEMOGRAPHIC
NAME:.
59 | P a g e
-
8/2/2019 Project on Demat Account
60/62
Address
Phone no:
..
Types of business:..
Gender
a. Male
b. Female
Your annual income?
a. 0-4,00,000
b. 4,00,001-8,00,000
c. 8,00,001-12,00,000
d. 12,00,001-15,00,000
QUESTIONNAIRE
Q1. In which of these Financial Instruments do you investinto?
Shares Mutual Funds BondsDerivativesQ2. Are you aware of online Share trading?
60 | P a g e
-
8/2/2019 Project on Demat Account
61/62
Yes No
Q3. Heard about Angel Broking?
Yes No
Q4. Do you know about the facilities provided by AngelBroking?
Yes No
Q5. With which company do you have your DEMATaccount?
Angel Broking ICICI Direct HDFC
Others (please specify)
Q6. Which bank is easily available everywhere? Angel broking HDFC ICICI
Q7. Which banking Demat account offered you a large no. ofservices? Angel broking
61 | P a g e
-
8/2/2019 Project on Demat Account
62/62
HDFC ICICI
Q8. Which bank provides you a better email facility?
Angel broking HDFC ICICI
Q9. Which companies provide a less BROKARAGE rate? Angel broking HDFC ICICI
Q10. Which company provide you a large number of
product and services? Angel broking HDFC ICICI