stock market - black book

7/25/2019 Stock Market - Black Book

1/82

UNIVERSITY OF MUMBAI

TYBBI

( V SEMESTER )

A PROJECT ON

STOCK MARKET

ACADEMIC YEAR

2015-2016

BY

HRISHA CHANDRASHEKHAR BHATT

RO NO ! 102

PROJECT "UIDE

PROF# SAURABH SHAH

MAINI KISHORE SAN"HVI COE"E OF

COMMERCE $ ECONOMICS

VIE PARE (%) MUMBAI

1


2/82

DECARATION

I M& H'&* B*++, S+./+ M*3 K&'/ S*4 C33/4/ O C/'7/ $

E77& &+.84 T#Y#B7 (B*94 *. I&'*7/) S//&+/' V /'/:8

./73*'/ +*+ I */ 7;3/+/. +/ ;'


3/82

CERTIFICATE

T& & + 7/'+8 +*+ M& H'&* B*++ T#Y#B7 (B*94 $ I&'*7/ >

S//&+/' V ) M*3 K&'/ S*4 C33/4/ O C/'7/ $ E77& *&

&77/&&338 7;3/+/. +/ ;'


4/82

AKNOWLEDGEMENT

I =3. 39/ + +*9 M*3 K&'/ S*4 C33/4/ O C/'7/ $ E77& $ +/ *73+8

/:/'& BBI ' 44 / * ;;'++8 + ;'/;*'/ * ;'


5/82

Content

1.) %*+ I& S+79 E@7*4/ # 62.) H&+'8 O S+79 E@7*4/& ### 3.) O3/ S+79 E@7*4/ 4.) H= D/& A S+79 E@7*4/ %'9 #G5.) %*+ A'/ T/ D/'/+ T8;/& O S+79 A*3*:3/ I T/ M*'9/+

# 116.) T/ I;'+*7/ O S+79 E@7*4/ ###17.) T/ R3/ O S+79 E@7*4/ ## 158.) B*'/+/' T T/ E78#1

.) I.* S+79 E@7*4/ # ##11!.) N*+*3 S+79 E@7*4/ ################2011.) B:*8 S+79 E@7*4/ #212.) O/'/= O T/ R/43*+'8 F'*/='9 O T/ C*;+*3 M*'9/+ I I.*

## ##2513.) T'*.4 %+ S+79 M*'9/+ # 214.) C*;+*3 M*'9/+ P*'+7;*+& #2G15.) I/&+/+ ##116.) E&&/+*3& O I/&+/+& 217.) P'7;3/& O I/&+/+& 18.) I/&+/+ T8;/& 1.) E+8 I/&+/+ # ###22!.) T8;/& O M+*3 F. #21.) D/:/+'/& ###5

-T8;/& O D/:/+'/&-D/:+ I/&+/+&

22.) D*+* A*38&& $ I+/';'/+*+ ### 5123.) F.4& O T/ S+.8 ### #1

24.) C73.) R//'/7/# ##

5


6/82

WHAT IS STOCK E"C#ANGE?

A $to%& e'%(n*e, $(+e ,+&et ' -o+$e & * 7';'*+ ' +*3 '4**+ =7

;'./& +'*.4 *73+/& ' &+79 :'9/'& *. +'*./'&, + +'*./ &+79& *. +/' &/7'+/

S+79 /@7*4/& *3& ;'./ *73+/& ' +/ &&/ *. '/./;+ &/7'+/& *& =/33 *& +/'

*7*3 &+'/+& *. 7*;+*3 //+& 73.4 +/ ;*8/+ 7/ *. ../. T/

&/7'+/& +'*./. * &+79 /@7*4/ 73./! &*'/& &&/. :8 7;*/&, + +'&+& *. +/'

;3/. /&+/+ ;'.7+& *. :. T :/ *:3/ + +'*./ * &/7'+8 * 7/'+* &+79 /@7*4/,

+ *& + :/ listed+/'/# U&*338 +/'/ & * 7/+'*3 37*+ *+ 3/*&+ ' '/7'.9//;4, :+ +'*./ &

3/&& *. 3/&& 39/. + &7 * ;8&7*3 ;3*7/, *& ./' *'9/+& *'/ /3/7+'7 /+='9&, =7

4/& +/ *.*+*4/& &;//. *. 7&+ +'*&*7+ T'*./ * /@7*4/ & :8 /:/'&

38# T/ +*3 /'4 &+79& *. :.& + /&+'& & :8 ./+ ./ +/ ;'*'8

*'9/+ *. &:&//+ +'*.4 & ./ +/ &/7.*'8 *'9/+# A &+79 /@7*4/ & +/ +/

&+ ;'+*+ 7;/+ * &+79 *'9/+# S;;38 *. ./*. &+79 *'9/+& *'/ .'/ :8

*'& *7+'& =7, *& *33 '// *'9/+&, */7+ +/ ;'7/ &+79& (&// &+79 *3*+)#

T/'/ & &*338 7;3& + &&/ &+79 * +/ &+79 /@7*4/ +&/3, ' &+ &+79 :/

&:&//+38 +'*./. +/ /@7*4/# S7 +'*.4 & &*. + :/ off exchange' /'-+/-7+/'#

T& & +/ &*3 =*8 +*+ :.& *'/ +'*./.# I7'/*&438, &+79 /@7*4/& *'/ ;*'+ * 43:*3

*'9/+ ' &/7'+/

A &+79 /@7*4/ & &;38 * *'9/+ +*+ & ./&4/. ' +/ &*3/ *. ;'7*&/ &/7'+/&

7';'*+& *. 7;*3+/ A &+79 /@7*4/ &/33& *. :8& &+79&, &*'/&, *. +/' &7

&/7'+/ I *..+, +/ &+79 /@7*4/ &/+/& :8& *. &/33& 7/'+7*+/& '/;'/&/+4

7.+/& +'*./# T& *'+73/ .&7&&/&!

6


7/82

%*+ & +/ ;'7;3/ :/. +/ ;/'*+ &+79 /@7*4/&

%*+ *'/ +/ 7+& *. ;'7/&&/& 3/. &+79 /@7*4/&

K= ./+*3 *:+ *


8/82

'*3 //+4 *. :/7*/ +/ B'4/& B'&/# T/ ./* &;'/*. 7938 *'. F3*./'& *.

/4 :'4 7+/& *. B'&/& & ;//. "/+ *. A&+/'.*#

T/ &/ +/ B/'/ *38 V3**4&+'**+ B'4/& =*& +/ &+/ +/ ='3. '&+ &+79

E@7*4/, 7'7* 115# T/ +/' B'&/ & :/3//. + */ ./'/. ' +/ *38 */

B/'/#

I +/ ..3/ +/ 1+ 7/+'8, V//+* :*9/'& :/4* + +'*./ 4/'/+ &/7'+/ I

151, +/ V//+* "/'/+ +3*=/. &;'/*.4 ''& +/./. + 3=/' +/ ;'7/

4/'/+ . T/'/ =/'/ ;/;3/ P&*, V/'*, "/* *. F3'/7/ = *3& :/4*

+'*.4 4/'/+ &/7'+/& .'4 +/ 1+ 7/+'8# T& =*& 38 ;&&:3/ :/7*&/ +/&/

=/'/ ./;/./+ 7+8 &+*+/& '3/. :8 * 773 3/+*3 7+/&, + :8 * .9/#

O3/ S+79 E@7*4/!


9/82

A &+79 /@7*4/ & &;38 * *'9/+ +*+ & ./&4/. ' +/ &*3/ *. ;'7*&/ &/7'+/&

7';'*+& *. 7;*3+/ A &+79 /@7*4/ &/33& *. :8& &+79&, &*'/&, *. +/' &7

&/7'+/ I *..+, +/ &+79 /@7*4/ &/+/& :8& *. &/33& 7/'+7*+/& '/;'/&/+4

7.+/& +'*./# T& *'+73/ .&7&&/&!

%*+ & +/ ;'7;3/ :/. +/ ;/'*+ &+79 /@7*4/&

%*+ *'/ +/ 7+& *. ;'7/&&/& 3/. &+79 /@7*4/&

K= ./+*3 *:+ *


10/82

&;/77 ;&+# I * :'9/' =*+& + :8 &*'/& * &;/77 7;*8 +/8 =33 4 + +/ &/7+

+/ ;&+ +*+ *& +*+ &+79# I +/ :'9/' &//& *+ +/ ;'7/ +/ &+79 & + +/ +/ =*+ +/

:'9/' & *+'/. + ;*8, * ;'/&&*3 7*33/. +/ &;/7*3&+ *8 '/7// * './'# T/

&;/7*3&+ =33 +/ *7+ *& * 4-:/+=// :/+=// +/ &/33/' *. :8/'# %*+ +/ &;/7*3&+ ./& &

+ /+/' +/ '*+ ' +/ :'9/' + * :9# I +/ &+79 '/*7/& +/ '/'/. ;'7/, +/

&;/7*3&+ =33 &/33 ' :8 +/ &+79 *77'.4 + +/ './'& 4/ + +/ :8 +/ :'9/'# T/

+'*&*7+ & +/ '/;'+/. + +/ /&+'#

I * :'9/' *;;'*7/& * ;&+ *. &//& +*+ +/ ;'7/ +/ &+79 & =*+ +/8 *'/ *+'/. +

;*8, +/ :'9/' 7* 7;3/+/ +/ +'*&*7+ +/&/3/ A& & *& * +'*&*7+ 77'&, +/

:'9/' *9/& * /'*. *. '/;'+& + + +/ :'9/'*4/ 7/ :8 +/3/;/ &+*+38# A+ +/

;&+, * /@7*4/ /;38//


11/82

3'# YL/ ;':*:38 &// ;7+'/& * +'*.4 3', =7 +'*./'& *'/ =3.38 +'=4 +/'

*'& ;, =*4, 8/334, *. &4*3 + /*7 +/'# T/ +/' +8;/ /@7*4/ & '+*3,

7;&/. * /+='9 7;+/'& =/'/ +'*./& *'/ *./ /3/7+'7*338#

T/ ;';&/ * &+79 *'9/+ & + *73+*+/ +/ /@7*4/ &/7'+/& :/+=// :8/'& *.

&/33/'&, '/.74 +/ '&9& /&+4# J&+ *4/ = .73+ + =3. :/ + &/33 &*'/& 8

*. + 7*33 *'. +/ /4:'. +'84 + . * :8/'# R/*338, * &+79 *'9/+ & +4

'/ +* * &;/'-&;&+7*+/. *'/'&L *'9/+ 394 :8/'& *. &/33/'

%*+ *'/ +/ ./'/+ +8;/& &+79& **3*:3/ +/ *'9/+

T/'/ *'/ ./'/+ +8;/& &+79& + 7&/ +/ &+79 *'9/+# %3/ 8 . + /7/&&*'38

*/ + :/ * /@;/'+ *33 +/ +8;/& &+79& **3*:3/ &+79 *'9/+ 7+/+, :/4 *:3/ +

./'/+*+/ *. 7&/ &+79& & 7'7*3 + &+79 *'9/+ /&+4# T& *'+73/ /3;& 8 +

9= '/ !

%*+ '/ +/ *'& +8;/& &+79& **3*:3/

11


12/82

%*+ *'/ +/ /*+'/& ;'//''/. &+79&

%*+ *'/ +/ 7*'*7+/'&+7& :3/ 7; &+79&

T/'/ *'/ ./'/+ +8;/& &+79& + 7&/ +/ &+79 *'9/+# %3/ 8 . + /7/&&*'38

*/ + :/ * /@;/'+ *33 +/ +8;/& &+79& **3*:3/ &+79 *'9/+ 7+/+, :/4 *:3/ +

./'/+*+/ *. 7&/ &+79& & 7'7*3 + &+79 *'9/+ /&+4# D/;/.4 8' 4*3& *.

8' /&+/+, 8 *8 &;38 . +*+ &/ &+79& *'/ :/++/' &+/. + 8' //.& +*

+/' A+ +/ /'8 3/*&+, :/4 *:3/ + +/33 +/ ./'/7/ :/+=// ;'//''/. *. 7 &+79&

7* /3; 8 4/+ &+*'+/. /&+4#

! P'//''/. S+79& *. C S+79&

A33 &+79& *'/ 4//'*338 ./&4*+/. *& ;'//''/. ' 7# C &+79& *'/ &+79& +*+ /'

8 * :+ =/'&; * 7;*8# E*7 7 &+79 8 */ /'& 8 * &;/77 *+

=/'&;, /++3/& 8 + &/ ../.& *. *33=& 8 / +/ ' /*7 &*'/ 8 =

/3/7+4 .'/7+'& ' *94 9/8 :&/&& ./7& C &+79& +& &/&/ *'/ ./'/+

' ./:/+'/& ' :.&, =7 *'/ /8 4/ + * 7;*8 *& * 3* '/+' ' +/

;'&/ &;/77 +/'/&+#

P'//''/. &+79 /'& 8 ;'//'/+*3 +'/*+/+ =/ + 7/& + ;*84 + ../. I +/

7;*8 4/& :*9';+, &+79& 3./'& 3.4 ;'//''/. /+/& 4/+ *&+/' *77/&& + *8 *&&/+&

+ &/. +=*'.& ;*84 ./:+ I 8 */ ;'//''/. 73*+/ &+79, 8' ;&+ & &/7'/#

T& +8;/ &+79 *33=& ;*. ../.& + :/ *77'/.# I * 7;*8 7*+ ;*8 ../.& /

12


13/82

8/*', 8' ../.& *77'/ +3 +/ 7;*8 7* ;*8# D'4 &7 ;/'. *33 +/ /8 =/.

/' +/ ;'/& 8/*'& =33 :/ ;*.# T&/ 3.4 ;'//''/. +8;/& &+79 &*338 */

+4 *:3+8 *. +/&/ &+79& 38 4/+ +/' ;'/-./+/'/. ../. *. + '/ +* +*+#

T& & + &/+ +/ +/' *.*+*4/& ;'//''/. &+*+

G+ot( o to%&$

"'=+ &+79& *'/ &+79& 7;*/& +*+ *'/ /@;/'/74 '*;. 4'=+ *. *'/ /@;/7+/. +

7+/ 4'=4 +/ +'/# A 7;*8 =+ 4'=+ &+79& & 4//'*338 * &+*:3/ 7;*8 +*+

& /@;/'/74 3*'4/' &*3/& *& =/33 *& 7''4 '/*&*:3/ /@;/&/ S7 * 7;*8 /&+&

/8 /= ;'.7+ T/&/ &+79& *'/ *++'*7+/ + /&+'& &7/ +/8 *33= /&+'& +

*9/ /8 ' * 4'=4 *. ;'&;/'4 7;*8# H=//', +/&/ &+79& 7* *3& :/ * '&9#

T/&/ &+79& *'/ +/ /@;/&/, *. 7'&/ +/'/ & 4*'*+// +*+ * 7;*8 =33

7+/ + 4'= *. ;'&;/' *& ;'


14/82

&+79& /*& +*+ 8 *9/ /8 /*7 8/*' +*+ * 7;*8 ;'+ T/ :/&+ ../. &+79&

*'/ &/. :8 =/*3+8 ;/;3/ './' + 7'/*+/ * ;*&&/ 7/# T*9& + +/ I+/'/+, *3&+

*8 /&+' 7* &+*'+ /&+4 +/&/ &+79 I+ & /*&8 + . * 3&+ ../. ;*84 &+79&

*. // 4/+ /=&3/++/'& +*+ /*+'/ +38 ../. &+79& '4+ 8' *3:@ ' /*3

:@# I 8 =*+ + *9/ /8 '/43*'38 ' 8' /&+/+&, *& =/33 *& *9/ /8

=/ :84 *. &/334 8' &/7'+/&, ../. 8/3.4 &+79& *8 :/ +/ &3+#

T/ I;'+*7/ +/ S+79 E@7*4/!

S+79 /@7*4/& ;/'' ;'+*+ '3/& *+*3 /7/ M&+ ;'+*+38, +/8

/7'*4/ /&+/+ :8 ;'.4 ;3*7/& ' :8/'& *. &/33/'& + +'*./ &/7'+/ T&

/&+/+, +', /*:3/& 7';'*+& + :+* .& + /@;*. +/' :&/&&/

C';'*+& &&/ /= &/7'+/& =*+ & 9= *& +/ ;'*'8 *'9/+, &*338 =+ +/ /3;

/&+/+ :*9/'& (&// I/&+/+ B*94)# T/ /&+/+ :*9 *7'/& +/ +*3 &&/

+/ /= &/7'+/& ' +/ 7';'*+ *+ * /4+*+/. ;'7/ *. +/ *9/& +/ &/7'+/&

**3*:3/ ' +& 73/+& *. +/' /&+'& * +*3 ;:37 /'4 (IPO)# I +& ;'*'8

*'9/+, 7';'*+& '/7// +/ ;'7//.& &/7'+8 &*3/ A+/' +& +*3 /'4 +/

1


15/82

&/7'+/& *'/ :4+ *. &3. +/ &/7.*'8 *'9/+# T/ 7';'*+ & + &*338 3/.

+/ +'*.4 +& &+79 +/ &/7.*'8 *'9/+#

S+79 /@7*4/& /&&/+*338 7+ *& &/7.*'8 *'9/+ B8 ;'.4 /&+'& +/

;;'++8 + +'*./ *7*3 &+'/+&, +/ &+79 /@7*4/& &;;'+ +/ ;/''*7/ +/

;'*'8 *'9/+ T& *''*4//+ *9/& + /*&/' ' 7';'*+& + '*&/ +/ .& +*+ +/8

//. + :3. *. /@;*. +/' :&/&&/

A3+4 7';'*+& . + .'/7+38 ://+ ' &/7.*'8 *'9/+ +'*&*7+&, +/ **4/'&

* 7';'*+ 73&/38 +' +/ ;'7/ +/ 7';'*+L& &+79 &/7.*'8 *'9/+ O/

'/*& ' +& 77/' 3/& +/ 7&+ '*&4 /= .& ' '+/' :&/&& /@;* T/

;'7/ * 7;*8L& &+79 +/ &/7.*'8 *'9/+ 3/7/& +/ *+ .& +*+ 7* :/

'*&/. :8 &&4 *..+*3 &+79 +/ ;'*'8 *'9/+#

C';'*+/ **4/'& *3& ;*8 *++/+ + +/ ;'7/ +/ 7;*8L& &+79 &/7.*'8 *'9/+&

:/7*&/ + */7+& +/ *7*3 =/*3+ +/ 7';'*+L& =/'&+/ &+793./' I +/ ;'7/

+/ &+79 '&/&, +/ +/ &+793./'& :/7/ =/*3+/'# T& & 39/38 + *9/ +/ *;;8

=+ +/ 7;*8L& **4//+# T8;7*338, **4/'& = 38 &*33 *+& * 7';'*+L&

+&+*.4 &*'/ I +/ ;'7/ +/ &+79 ./73/&, +/ &*'/3./'& :/7/ 3/&& =/*3+8 *.

*'/ 39/38 + :/ *;;8 =+ **4//+# I /4 &*'/3./'& :/7/ *;;8, +/8 *8

/ + '/;3*7/ +/ 7';'*+L& **4/' M&+ 7';'*+/ **4/'& *3& '/7// ;+& + :8

7;*8 &+79 *+ * &/3/7+/. ;'7/, & +/8 *'/ +*+/. + 7'/*&/ +/ *3/ +/ &+79 +/

&/7.*'8 *'9/+#

15


16/82

S+79 /@7*4/& /7'*4/ /&+/+ :8 ;'.4 +& &/7.*'8 *'9/+# S+79 /@7*4/&

*3& /7'*4/ /&+/+ +/' =*8

T/8 ;'+/7+ /&+'& :8 ;3.4 '3/& *. '/43*+& +*+ /&'/ :8/'& =33 :/ +'/*+/. *'38

*. '/7// /@*7+38 =*+ +/8 ;*8 '# E@7*4/& *3& &;;'+ &+*+/--+/-*'+ +/7348 *. +/

:&/&& :'9/'4# T& &;;'+ /3;& +'*./'& :8 *. &/33 &/7'+/& 7938 *. /7/+38#

O 7'&/, :/4 *:3/ + &/33 * &/7'+8 +/ &/7.*'8 *'9/+ 7'/*&/& +/ '/3*+/ &*/+8

/&+4 :/7*&/ /&+'& 7* 3*. * &+79 +*+ *8 :/ +/ ./73/ ' +*+ *7/& *

7/'+* +'/#

16


17/82

T/ R3/ S+79 E@7*4/&!

S+79 /@7*4/& */ 3+;3/ '3/& +/ /78, +& *8 73./ +/ 33=4!

R/$/n* %/t9 o+ -$/ne$$e$

T/ S+79 E@7*4/ ;'./& 7;*/&=+ +/ *73+8 + '*&/ 7*;+*3' /@;*& +'4

&/334 &*'/&+ +/ /&+4;:37#

Mo-/9/:/n* $/n*$ o+ /ne$t,ent

%/ ;/;3/ .'*= +/' &*4& *. /&+ &*'/&, + 3/*.& + * '/ '*+*3 *337*+

'/&'7/& :/7*&/ .&, =7 73. */ :// 7&/., ' 9/;+ .3/ ./;&+&=+:*9&,

*'/ :3/. *. '/.'/7+/. + ;'+/ :&/&&*7++8 =+ ://+& ' &//'*3 /77

&/7+'& &7 *& *4'73+'/, 7/'7/*. .&+'8,'/&3+4 * &+'4/' /77 4'=+*.

4/';'.7++83//3& *. '

F%/9/tt/n* %o,n0 *+ot(

C;*/& /= *7&+& *& * ;;'++8 + /@;*. ;'.7+ 3/&, 7'/*&/ .&+':+

7*/3&, /.4/ *4*&+ 3*+3+8, 7'/*&/ +& *'9/+ &*'/, ' *7'/ +/' /7/&&*'8 :&/&&

*&&/+ A +*9//':. ' * /'4/'*4'///+ +'4 +/ &+79 *'9/+& / +/ &;3/&+ *.

&+ 7 =*8& ' * 7;*8 + 4'= :8 *7&+ '

Re/$t+/-t/on o e9t(

S+79& /@7*4/& . + /@&+ + '/.&+':+/ =/*3+# H=//', :+ 7*&*3 *. ;'/&&*3

&+79 /&+'&, +'4 ../.&*. &+79 ;'7/7'/*&/& +*+ *8 '/&3+ 7*;+*3 4*&, =33

&*'/ +/ =/*3+ ;'+*:3/ :&/&&/

1
http://en.wikipedia.org/wiki/Company_(law)http://en.wikipedia.org/wiki/Capital_(economics)http://en.wikipedia.org/wiki/Shareshttp://en.wikipedia.org/wiki/Investinghttp://en.wikipedia.org/wiki/Rationalhttp://en.wikipedia.org/wiki/Deposit_accounthttp://en.wikipedia.org/wiki/Deposit_accounthttp://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Agriculturehttp://en.wikipedia.org/wiki/Commercehttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Productivity_(economics)http://en.wikipedia.org/wiki/Productivity_(economics)http://en.wikipedia.org/wiki/Product_linehttp://en.wikipedia.org/wiki/Market_sharehttp://en.wikipedia.org/wiki/Assethttp://en.wikipedia.org/wiki/Takeoverhttp://en.wikipedia.org/wiki/Takeoverhttp://en.wikipedia.org/wiki/Mergers_and_acquisitionshttp://en.wikipedia.org/wiki/Stock_markethttp://en.wikipedia.org/wiki/Stock_investorhttp://en.wikipedia.org/wiki/Dividendhttp://en.wikipedia.org/wiki/Stock_pricehttp://en.wikipedia.org/wiki/Capital_gainhttp://en.wikipedia.org/wiki/Capital_(economics)http://en.wikipedia.org/wiki/Shareshttp://en.wikipedia.org/wiki/Investinghttp://en.wikipedia.org/wiki/Rationalhttp://en.wikipedia.org/wiki/Deposit_accounthttp://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Agriculturehttp://en.wikipedia.org/wiki/Commercehttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Productivity_(economics)http://en.wikipedia.org/wiki/Product_linehttp://en.wikipedia.org/wiki/Market_sharehttp://en.wikipedia.org/wiki/Assethttp://en.wikipedia.org/wiki/Takeoverhttp://en.wikipedia.org/wiki/Mergers_and_acquisitionshttp://en.wikipedia.org/wiki/Stock_markethttp://en.wikipedia.org/wiki/Stock_investorhttp://en.wikipedia.org/wiki/Dividendhttp://en.wikipedia.org/wiki/Stock_pricehttp://en.wikipedia.org/wiki/Capital_gainhttp://en.wikipedia.org/wiki/Company_(law)


18/82

Co+o+te *oe+nn%e

B8 *4 * =./ *. *'/. &7;/ =/'&, 7;*/& 4//'*338 +/. + ;'/ +/'

**4//+&+*.*'.& *. /7/78 './' + &*+&8 +/ ./*.& +/&/ &*'/3./'& *.

+/ '/ &+'4/+ '3/& ' ;:37 7';'*+& ;&/. :8 ;:37 &+79 /@7*4/& *. +/

4/'/+# C&//+38, + & *33/4/. +*+ ;:37 7;*/& (7;*/& +*+ *'/ =/. :8

&*'/3./'& = *'/ /:/'& +/ 4//'*3 ;:37 *. +'*./ &*'/& ;:37 /@7*4/&) +/.

+ */ :/++/' **4//+ '/7'.& +* ;'*+/38-/3. 7;*/& (+&/ 7;*/& =/'/

&*'/& *'/ + ;:3738 +'*./., +/ =/. :8 +/ 7;*8 ./'& *.' +/' *3/& *.

/'&, ' +/'=&/ :8 * &*33 4'; /&+'&)# H=//', &/ =/33-.7/+/. 7*&/& *'/

9= =/'/ + & *33/4/. +*+ +/'/ *& :// 7&./'*:3/ &3;;*4/ 7';'*+/ 4/'*7/

+/ ;*'+ &/ ;:37 7;*/& (P/+(2000), E' C';'*+(2001),O/#T/3(2001),

S:/*(2001), %/:*(2001), A./3;*(2002), MCI %'3.C(2002), ' P*'*3*+(200),

*'/ *4 +/ &+ =./38 &7'+/. :8 +/ /.*)#

C+et/n* /ne$t,ent oo+tn/t/e$ o+ $,99 /ne$to+$

A& ;;&/. + +/' :&/&&/& +*+ '/'/ 4/ 7*;+*3 +3*8, /&+4 &*'/& & ;/ +

:+ +/ 3*'4/ *. &*33 &+79 /&+'& :/7*&/ * ;/'& :8& +/ :/' &*'/& +/8 7*

*'.# T/'/'/ +/ S+79 E@7*4/ ;'./& +/ ;;'++8 ' &*33 /&+'& + = &*'/&

+/ &*/ 7;*/& *& 3*'4/ /&+'

Goe+n,ent %/t9;+/$/n* o+ ee9o,ent +o


19/82

/:/'& +/ ;:37 :8 +/, +& 3*4 /8 + +/ 4/'/+# T/ &&*7/ &7

:.& 7* :*+/ +/ //. + .'/7+38 +*@ +/ 7+/& './' + *7/ .//3;/+, *3+4

:8 &/7'4 &7 :.& =+ +/ 33 *+ *. 7'/.+ +/ 4/'/+ &+/*. =+ 733*+/'*3,

+/ '/&3+ & +*+ +/ 4/'/+ &+ +*@ +/ 7+/& ' +/'=&/ '*&/ *..+*3 .& + *9/

*8 '/43*' 7; ;*8/+& *. '/. +/ ;'7;*3 =/ +/ :.& *+'/#

B*'/+/' + +/ E78

A+ +/ &+79 /@7*4/, &*'/ ;'7/& '&/ *. *33 ./;/.4, 3*'4/38, *'9/+ '7/ S*'/

;'7/& +/. + '&/ ' '/* &+*:3/ =/ 7;*/& *. +/ /78 4//'*3 &= &4&

&+*:3+8 *. 4'=+# A /77 '/7/&&, ./;'/&&, ' *7*3 7'&& 73. //+*338 3/*.

+ * &+79 *'9/+ 7'* T/'/'/ +/ //+ &*'/ ;'7/& *. 4//'*3 +/ &+79

./@/& 7* :/ * .7*+' +/ 4//'*3 +'/. +/ /78#

L/$t/n* Re=/+e,ent$

&+4 '/'//+& *'/ +/ &/+ 7.+& ;&/. :8 * 4/ &+79 /@7*4/ ;

7;*/& +*+ =*+ + :/ 3&+/. +*+ /@7*4/# S7 7.+& &/+/& 73./

:/' &*'/& +&+*.4, *'9/+ 7*;+*3*+, *. **3 7/#

1G


20/82

20


21/82

I.* S+79 M*'9/+

I.* S+79 M*'9/+& & / +/ 3./&+ A&*# I+& &+'8 .*+/& :*79 + /*'38 200 8/*'&

*4# T/ /*'3/&+ '/7'.& &/7'+8 ./*34& I.* *'/ /*4/' *. :&7'/# T(e E$t In/

Co,n0=*& +/ .*+ &+++ +&/ .*8& *. :&/&& +& 3* &/7'+/& &/. +

:/ +'*&*7+/. +=*'.& +/ 73&/ +/ /4+//+ 7/+'8#

B8 10L& :&/&& 7';'*+/ &+79& *. &*'/& B*9 *. C++ ;'/&&/& +9 ;3*7/

B:*8# T4 +/ +'*.4 3&+ =*& :'*./' 1G, +/'/ =/'/ 38 *3 * ./ :'9/'&

'/74/. :8 :*9& *. /'7*+& .'4 10 *. 150# T/ 150L& =+/&&/. * '*;.

.//3;/+ 7/'7*3 /+/';'&/ *. :'9/'*4/ :&/&& *++'*7+/. *8 / + +/

/3. *. :8 160 +/ :/' :'9/'& 7'/*&/. + 60# I 160-61 +/ A/'7* C3 %*'

:'9/ + *. 7++ &;;38 ' U+/. S+*+/& + E';/ =*& &+;;/. +&, +/ >(+e

Mn/> I.* :/4*# T/ :/' :'9/'& 7'/*&/. + *:+ 200 + 250#

A+ +/ /. +/ A/'7* C3 %*', +/ :'9/'& = +'/. + C3 %*' 1, .

* ;3*7/ * &+'//+ (= *;;';'*+/38 7*33/. *& D*3*3 S+'//+) =/'/ +/8 =3. 7//+38

*&&/:3/ *. +'*&*7+ :&/& I 1, +/8 '*338 /&+*:3&/. B:*8, +/ ?Nt/e

21


22/82

(+e n to%& @+o&e+$> A$$o%/t/onB =7 & *3+/'*+/38 9= *& T(e to%&

E'%(n*e?# I 1G5, +/ S+79 E@7*4/ *7'/. * ;'/&/ +/ &*/ &+'//+ *. + =*&

*4'*+/. 1GG# T&, +/ S+79 E@7*4/ *+ B:*8 =*& 7&3.*+/.#

T/ I.* &+79 *'9/+ *& :// *&&4/. * ;'+*+ ;3*7/ *74 +/ I.*

7';'*+/ &/7+'# T/ ;'7;*3 7+& +/ &+79 *'9/+& *'/!

/*:34 :34 '/&'7/& ' /&+/+ .'/7+38 ' +/ /&+'&

;'.4 3.+8 ' +/ /&+'& *. +'4#

D&7;34 7;*8 **4//+#

T(e to ,


23/82

Nt/on9 to%& E'%(n*e

%+ +/ 3:/'*3*+ +/ I.* /78, + =*& . /+*:3/ + 3+ +/ I.* &+79

*'9/+ +'*.4 &8&+/ ;*' =+ +/ +/'*+*3 &+*.*'. O +/ :*&& +/

'/7/.*+& 4 ;=/'/. P/'=* C++//#

T/ N*+*3 S+79 E@7*4/ =*& 7';'*+/. 1GG2 :8 I.&+'*3 D//3;/+ B*9

I.*, I.&+'*3 C'/.+ *. I/&+/+ C';'*+ I.*, I.&+'*3 F*7/ C';'*+

I.*, *33 I&'*7/ C';'*+&, &/3/7+/. 7/'7*3 :*9& *. +/'

2


24/82

T(e Nt/on9 to%& E'%(n*e(NSE) & I.*L& 3/*.4 &+79 /@7*4/ 7/'4 *'& 7+/&

*. +=& *7'&& +/ 7+'8# NSE =*& &/+ ; :8 3/*.4 &+++& + ;'./ * ./', 338

*+*+/. &7'//-:*&/. +'*.4 &8&+/ =+ *+*3 '/*7# T/ E@7*4/ *& :'4+ *:+

;*'*33/3/. +'*&;*'/78, &;//. $ /7/78, &*/+8 *. *'9/+ +/4'+8# I+ *& &/+ ; *73+/&

+*+ &/'/ *& * ./3 ' +/ &/7'+/& .&+'8 +/'& $0$te,$, +%t/%e$*. +o%e+e$.

T+/n* t NE %n -e %9$$//e ne+ to -+o %te*o+/e$

W(o9e$9e e-t ,+&et

C/t9 ,+&et

W(o9e$9e e-t ,+&et;/'*+& *'/ &3*' + /8 *'9/+ ;/'*+& - &+++& *.

7';'*+/ :./& /+/' + 4 *3/ +'*&*7+& *7*3 &+'/+& &7 *&

4/'/+ &/7'+/&, +'/*&'8 :33&, ;:37 &/7+' + :.&, 7/'7*3 ;*;/', 7/'+7*+/

./;&+, /+7#

C/t9 ,+&et! A *'9/+ =/'/ ./:+' /+8&/7'+/&*'/ +'*./.#

T(e+e +e to &/n$ o 90e+$ /n NE

T'*.4 /:/'&

P*'+7;*+&

R/74/. /:/'& NSE *'/ 7*33/. +'*.4 /:/'& = +'*./ :/*3 +/&/3/&

*. +/' 73/+ P*'+7;*+& 73./ +'*.4 /:/'& *. 3*'4/ ;3*8/'& 39/ :*9& = +*9/

.'/7+ &/++3//+ '/&;&:3+8#

2
http://www.investorwords.com/1313/debt.htmlhttp://www.investorwords.com/1313/debt.htmlhttp://www.investorwords.com/1726/equity.htmlhttp://www.investorwords.com/1726/equity.htmlhttp://www.investorwords.com/4446/securities.htmlhttp://www.investorwords.com/5014/traded.htmlhttp://www.investorwords.com/5014/traded.htmlhttp://www.investorwords.com/1313/debt.htmlhttp://www.investorwords.com/1726/equity.htmlhttp://www.investorwords.com/4446/securities.htmlhttp://www.investorwords.com/5014/traded.html


25/82

T'*.4 *+ NSE +*9/& ;3*7/ +'4 * 338 *+*+/. &7'//-:*&/. +'*.4 /7*& =7

*.;+& +/ ;'7;3/ * './'-.'/ *'9/+# T'*.4 /:/'& 7* &+*8 *+ +/' 7/& *.

/@/7+/ +/ +'*.4, &7/ +/8 *'/ 39/. +'4 * 77*+ /+='9#

T/ ;'7/& *+ =7 +/ :8/' *. &/33/' *'/ =334 + +'*&*7+ =33 *;;/*' +/ &7'//# %/

+/ ;'7/& *+7 +/ +'*&*7+ =33 :/ 7;3/+/. *. * 7'*+ &3; =33 :/ ;'+/. *+ +/

7/ +/ +'*.4 /:/'#

NSE *& &//'*3 *.*+*4/& /' +/ +'*.+*3 +'*.4 /@7*4/ T/8 *'/ *& 33=&!

NSE :'4& * +/4'*+/. &+79 *'9/+ +'*.4 /+='9 *7'&& +/ *+#

I/&+'& 7* +'*./ *+ +/ &*/ ;'7/ ' *8=/'/ +/ 7+'8 &7/ +/'-*'9/+

;/'*+& *'/ &+'/*3/. 7;3/. =+ +/ 7+'8=./ *77/&& + +/ &/7'+/

D/3*8& 77*+, 3*+/ ;*8/+& *. +/ *3;'*7+7/& ;'/*34 +/ +'*.+*3

+'*.4 /7*& 7* :/ ./ *=*8 =+ 4'/*+/' ;/'*+*3 /7/78 *. '*+*3

+'*&;*'/78 +/ &+79 *'9/+ ;/'*+&, =+ +/ &;;'+ ++*3 7;+/'/. /+='9#

NSE N+8

S$P CNQ N+8 & * e99;/e+$//e 5! $to%& /ne' *77+4 ' 22 &/7+'& +/

/78# I+ & &/. ' * *'/+8 ;';&/& &7 *& :/7*'94 . ;'+3&, ./@

:*&/. ./'*+/& *. ./@ .

NSE 7*/ + :/ =/. *. **4/. :8 I.* I./@ S/'7/& *. P'.7+&+.# (IIS), =7 &

*


26/82

P'L& (S$P), = *'/ ='3. 3/*./'& ./@ &/'7/ CNQ &+*.& ' CRISI NSE I.7/

CNQ /&'/& 7 :'*.4 .7/&, + '/3/7+ +/ ./++/& :+ +/ ;'+/'&, #/#

NSE *. CRISI# T&, LCL S+*.& ' CRISI, LNL &+*.& ' NSE *. Q &+*.& ' E@7*4/ '

I./@# T/ S$P ;'/@ :/34& + +/ US-:*&/. S+*.*'. $ P'L& F*7*3 I'*+

S/'7/

@o,-0 to%& E'%(n*e

T(e @o,-0 to%& E'%(n*e& / +/ 3./&+ &+79 /@7*4/& A&*# I+ =*& /&+*:3&/.

*& ?T(e Nt/e (+e to%& @+o&e+$ A$$o%/t/on? 15# I+ & +/ '&+ &+79 /@7*4/

+/ 7+'8 + :+* ;/'*/+ '/74+ 1G56 ' +/ "/'/+ I.* ./'

+/ S/7'+/& C+'*7+& (R/43*+) A7+, 1G56# T/ E@7*4/L& ;+*3 *. ;'/-//+ '3/

+/ .//3;/+ +/ I.* 7*;+*3 *'9/+ & =./38 '/74/. *. +& ./@, ENE",

& +'*79/. ='3.=./#

26
http://en.wikipedia.org/wiki/Standard_&_Poorhttp://en.wikipedia.org/wiki/Standard_&_Poorhttp://en.wikipedia.org/wiki/S&Phttp://en.wikipedia.org/wiki/Standard_&_Poorhttp://en.wikipedia.org/wiki/S&P


27/82

SENSEQ

T/ S+79 E@7*4/, M:* (BSE) 1G6 7*/ + =+ * &+79 ./@ +*+ &:&//+38

:/7*/ +/ :*'/+/' +/ I.* &+79 *'9/+#

SENSEQ & + 38 &7/+7*338 ./&4/. :+ *3& :*&/. 43:*338 *77/;+/. 7&+'7+

*. '//= /+.348# F'&+ 7;3/. 1G6, SENSEQ & * -$&et o 3! %on$t/tent

$to%&$ '/;'/&/+4 * &*;3/ 3*'4/, 3. *. '/;'/&/+*+/ 7;*/ T/ :*&/ 8/*'

SENSEQ & 1G-G *. +/ :*&/ *3/ & 100# T/ ./@ & =./38 '/;'+/. :+ ./&+7

*. +/'*+*3 *'9/+& +'4 ;'+ *& =/33 *& /3/7+'7 /.*#

D/ + & =./ *77/;+*7/ *4&+ +/ I.* /&+'& SENSEQ & '/4*'./. + :/ +/ ;3&/

+/ I.* &+79 *'9/+# A& +/ 3./&+ ./@ +/ 7+'8, + ;'./& +/ +/ &/'/& .*+*

/' * *'38 34 ;/'. +/# S*33 =./', +/ SENSEQ *& /' +/ 8/*'& :/7/ /

+/ &+ ;'/+ :'*.& +/ 7+'8#

T/ SENSEQ 7*;+'/. *33 +/&/ //+& +/ &+


28/82

O/'/= O T/ R/43*+'8 F'*/='9 O T/ C*;+*3 M*'9/+ I I.*

I.* *& * *7*3 &8&+/ +*+ & '/43*+/. :8 ./;/./+ '/43*+'& +/ &/7+'&

:*94, &'*7/, 7*;+*3 *'9/+& *. *'& &/'7/ &/7+' T/ I.* F*7*3 &8&+/

& '/43*+/. :8 += 4/'4 *4/7/& ./' +/ M&+'8 F*7/# T/8 *'/

1 Re$e+e @n& o In/

T/ RBI =*& &/+ ; 1G5 *. & +/ 7/+'*3 :*9 I.*# I+ '/43*+/& +/ *7*3

*. :*94 &8&+/# I+ '3*+/& /+*'8 ;37/& *. ;'/&7':/& /@7*4/ 7+'3

'

2


29/82

2 T(e e%+/t/e$ E'%(n*e @o+ o In/

T/ "/'/+ I.* 7&+++/. SEBI A;'3 12, 1G, *& * -&+*++'8 :.8

+ ;'+/ './'38 *. /*3+8 .//3;/+ +/ &/7'+/& *'9/+ *. + ;'./

/&+' ;'+/7+#

D/;*'+/+ E77 A*'&

T/ 7*;+*3 *'9/+& .& +/ D/;*'+/+ E77 A*'& '/43*+/& 7*;+*3 *'9/+&

*. &/7'+/& +'*&*7+

T/ 7*;+*3 *'9/+& .& *& :// /+'&+/. =+ +/ '/&;&:3+8 *&&&+4 +/

"/'/+ '*4 &+*:3/ ;37/& ' +/ './'38 4'=+ *. .//3;/+ +/

&/7'+/& *'9/+& =+ +/ SEBI, RBI *. +/' *4/7/ I+ & *3& '/&;&:3/ ' +/

7+4 +/ U+ T'&+ I.* (UTI) *. S/7'+/& *. E@7*4/ B*'. I.*

(SEBI)#

T/ ;'7;*3 *&;/7+& +*+ *'/ ./*3+ =+ +/ 7*;+*3 *'9/+ .& *'/!

P378 *++/'& '/3*+4 + +/ &/7'+/& *'9/+

P378 *++/'& '/3*+4 + +/ '/43*+ *. .//3;/+ *. /&+' ;'+/7+ +/

&/7'+/& *'9/+ *. +/ ./:+ *'9/+#

O'4**+*3 *. ;/'*+*3 *++/'& '/3*+4 + SEBI

T(e C/t9 M+&et /$ *oe+ne -0

2G


30/82

S/7'+/& C+'*7+ (R/43*+) A7+, 1G56

S/7'+/& C+'*7+ (R/43*+) R3/&, 1G5

SEBI A7+, 1GG2

C;*/& A7+ 1G56

SEBI (S+79 B'9/'& *. S: B'9/'&) R3/&, 1GG2

E@7*4/ B8/-*=& R3/& $ R/43*+&

S/3-'/43*+4 R3/ +/ E@7*4/

T/ /@7*4/ 7+& *& * S/3 R/43*+'8 O'4**+ =+ +/ ;*'*/+/'& 3*. .= :8

+/ SCRA, SEBI A7+, SEBI "./3/& *. R3/&, B8/-3*=& *. R/43*+& +/ E@7*4/#

T/ "/'4 B*'. .&7*'4/& +/&/ 7+ T/ E@/7+/ D'/7+' *& *33 +/ ;=/'&

+/ 4/'4 :*'. /@7/;+ .&7*'44 * /:/' ./+/38 ' ./73*'4 * ./*3+/' '

/@;/334 # T/ E@/7+/ D'/7+' +*9/& ./7&& +/ *'/*& 39/ &'/33*7/,

&;/7+, /&+4*+, /+7# * :


31/82

T+/n* I+ & * ;'7/&& :8 =7 * 7&+/' & 4/ *73+8 + :8 *. &/33 &*'/ +& :84

*. &/334 7* 38 :/ ./ +'4 &/ :'9/' *. +& & =/'/ A'7*.* /3;& +& 7&+/'#

A 7&+/' =334 + +'*./ =+ *8 :'9/'*4/ &/ //. + */ * ./*+ *77+, +'*.4

*77+ *. &*4 *77+ =+ * :'9/'*4/ '# A8 / *4 33=4 .7/+ 7*

;/ *33 +/ *:/ /+/. *77+ *. 7* &+*'+ +'*.4#

Do%,ent Re=/+e

;+4'*;& ( &4/. *7'&&)

P+ I./+7*+ P' - *8 +/ 33=4 - V+/' IDD'4 7/&/P*&&;'+#

A..'/&& P' *8 +/ 33=4 - V+/' IDD'4 7/&/ P*&&;'+ B*9 &+*+//+ '

;*&& :9 &/*3/. *. *++/&+*+ :8 :*9 7*3 BSN 3*.3/ :33#

A 7'&&/. C// *'4 K*'8 S+79 B'94# O +/ '/'/. *+# T/ *+

' D/*+ *& =/33 *& +'*.4 =33 :/ R G00-('// D/*+ G00 T'*.4 A77+) +/

*+ :/4 R G00 * 7// 7* :/ 4/ ' * 3*'4/' *+#

C;8 PAN C*'. & *.*+'8#

R/4&+'*+ K+

CDS D/*+ K+

B*9 *. *..'/&& ;' ./73*'*+#

1


32/82

PAN */ .&7'/;*78 '#

T/&/ .7/+& *8 + :/ 7&/' '/.38 :+ + & + *. 33/4*3 +'*&*7+ *. +

;'//+ :3*79 /8 +& /&'/& +*+ /8 /&+/. & *77+/.#

3.1 Te%(n/=e$ n In$t+,ent$ o+ T+/n*

T/ *'& +/7/& +*+ *'/ **3*:3/ +/ *.& * 73/+ *'/!-

1 D/3/'8

2 I+'*.*8

F+'/

F'=*'.&

5 O;+&

6 S=*;&

@$/% Re=/+e,ent o+ o/n* T+/n*

T'*.4 '/'/& O;/4 * D/*+ *77+# D/*+ '//'& + * ./*+/'*3/. *77+#

Y //. + ;/ * D/*+ *77+ 8 =*+ + :8 ' &/33 &+79 S + &


33/82

A eo$/to+0 & * ;3*7/ =/'/ +/ &+79& /&+'& *'/ /3. /3/7+'7 '# T/

./;&+'8 *& *4/+& = *'/ 7*33/. eo$/to+0 +t/%/nt$(DP&)#

T9 + 39/ * :*9# T/ /*. 7/ =/'/ *33 +/ +/7348 '/&+& *. ./+*3& *33

*77+& /3. & 39/ +/ ./;&+'8# A. +/ DP& *'/ +/ :'*7/& +*+ 7*+/' + ..*3

T/'/ *'/ 38 += ./;&+'/& I.* >

T/ N*+*3 S/7'+/& D/;&+'8 +. (NSD) *. +/

C/+'*3 D/;&+'8 S/'7/& +. (CDS)#

C*;+*3 M*'9/+ P*'+7;*+&

B*9&

E@7*4/&

C3/*'4 C';'*+&

B'9/'&

C&+.*&

D/;&+'/&

I/&+'&


34/82

M/'7*+ B*9/'&

T8;/& I/&+'&

I&+++*3 I/&+'&- MF& FI FII& B*9&

R/+*3 I/&+'&

A':+'*4/'& S;/73*+'&

H/.4/'&

D*8 +'*./'&J::/'&

C:*+ F+'/& *. O;+

H/.44 /*&, 4 +/ '&9, #/#, 4 +/ 3&&/ U./' ./@ +'/& *.

./@ ;+& /&+' 7* / & 3&&/ H/.44 ./& + '// 3&&/& :+ '//&

=*+/. /@;&'/, #/# /7/&&*'8 '&9# O/ &3. + /+/' + * /.44 &+'*+/48 ;4

+ *9/ /@7/&& ;'+& *33 + 7* . & '/.7/ +/ '&9#

55

P*'*/+/'& O I/&+/+

T/ *+'/ /&+/+ ./'& ' ..*3 + ..*3 *. & / + /*7 / :/7*&/

+ ./;/.& *'& ;*'*/+/'& 39/ +'/ *7*3 4*3&, +/ ;'/&/+ $ +/ +'/ 7/


35/82

./3, 7*;*7+8 + :/*' +/ '&9, +/ ;'/&/+ '/'//+& *. 3+ '/# A& * /&+' ;'4'/&&/&

&/' 3/ &+*4/ *. *& &/' *7*3 4*3& 7*4/, & ./& +/ / /&+' ;'3/#

E77 .//3;/+ * 7+'8 ./;/.& ; +& /&+/+# T/ //'44 /77

/'/+ 7;/++/ *'9/+& &484 7&+/'& &/'/4+8 *& ;'.

;37*+& ' +/' &*4& *. /&+/+# I/&+/+ /*& ;/'&& 7+/+& +=*'.&

& +'/#

INETMENT

T/ ='. /&+/+ 7* :/ .//. *8 =*8& *77'.4 + ./'/+ +/'/& *.

;'7;3/ I+ & * +/' +*+ 7* :/ &/. * :/' 7+/@+ H=//', +/ ./'/+ /*4&

/&+/+ *'/ '/ *39/ +* .&&3*'#

"//'*338, /&+/+ & +/ *;;37*+ /8 ' /*'4 '/ /8# I/&+/+ *3&

/*& &*4& ' &*4& *./ +'4 ./3*8/. 7&;+#

A77'.4 + /77&, /&+/+ & +/ +3*+ '/&'7/& './' + 7'/*&/ 7/ '

;'.7+ +;+ +/ +'/#

A *+ ./;&+/. + * :*9 ' *7/'8 +*+ & ;'7*&/. *+7;*+ /*'4

7/ +/ 34 ' *'/ :+ /@*;3/& /&+/+ A3+4 +/'/ & * 4//'*3 :'*.

./+ + +/ +/' /&+/+, + 7*''/& &34+38 ./'/+ /*4& + ./'/+ .&+'*3

&/7+'

A77'.4 + /7&+&, /&+/+ '//'& + *8 ;8&7*3 ' +*4:3/ *&&/+, ' /@*;3/, *

:3.4 ' *7/'8 *. /;/+#

5


36/82

O +/ +/' *., *7/ ;'/&&*3& .// * /&+/+ *& /8 +3/. ' :84

*7*3 *&&/+&, ' /@*;3/ &+79&, :.&, :33, '/*3 ;';/'+/&, *. ;'/7& +/

A77'.4 + *7/, +/ ;'*7+7/ /&+/+ '//'& + +/ :84 * *7*3 ;'.7+ ' *8

*3/. +/ =+ *+7;*+ +*+ ;&+/ '/+'& =33 :/ '/7//. +/ +'/#

T/ &+ ;'+*+ /*+'/ *7*3 /&+/+& & +*+ +/8 7*''8 4 *'9/+ 3.+8# T/

/+. &/. ' /*3*+4 +/ *3/ * *7*3 /&+/+ & 9= *& *3*+#

A77'.4 + :&/&& +/'/&, /&+/+ & +*+ *7++8 =7 * **7+'/' :8& *

;8&7*3 *&&/+, ' /@*;3/, &+79 ' ;'.7+ /;/+, /@;/7+*+ +*+ +& =33 /3; +/

:&/&& + ;'&;/' +/ 34 '#

C(+%te+/$t/%$ o n /ne$t,ent e%/$/on

1# I+ 3/& +/ 7+/+ .& **3*:3/ =+ 8 ' +*+ 8 =3. :/ 4/++4

+/ +'/#

2# T/ /&+/+ 3/*.& + *7&+ * ;3+, &/, ' &*'/& *. ./:/+'/

# T/ ;8&7*3 ' *7*3 *&&/+& 8 */ *7'/. *'/ /@;/7+/. + 4/ 7/'+* ://+&

+/ +'/ ;/'. T/ ://+& *8 :/ +/ ' '/43*' '/// /' * ;/'.

+/ 39/ +/'/&+ ' ../. ' &*3/& ' *;;'/7*+ *+/' &/ ;+ +/ *& '*338

*;;/& +/ 7*&/ /&+/+ 3*. ' ;'/7& /+*3

E&&/+*3& I/&+/+

E&&/+*3& /&+/+ '//' + =8 /&+/+, ' +/ //. ' /&+/+, & '/'/.# T/

/&+/+ &+'*+/48 & * ;3*, =7 & 7'/*+/. + 4./ * /&+' + 7&/ +/ &+

6


37/82

*;;';'*+/ /&+/+ ;'+3 +*+ =33 /3; *7// & *7*3 4*3& =+ * ;*'+73*'

;/'. +/#

A /&+/+ &+'*+/48 &*338 3/& * &/+ /+.&, '3/&, *. '/43*+&, *. & ./&4/.

*77'.4 + +/ /@7*4/ ' 7;'&/ +/ /&+'L& '&9& *. '/+'

A :/' /&+'& 39/ + 7'/*&/ +/' /*'4& +'4 4-'&9 /&+/+&, =3&+ +/'&

;'//' /&+4 *&&/+& =+ '&9 3/.# H=//', +/ *


38/82

A..+*338, *& +/ *'9/+ +4 &+'*+/48 & + *;;37*:3/ ' &*33-&7*3/ /&+'&, + &

*.&*:3/ + *;;38 +/ :8 *. 3. &+'*+/48# I 7*&/ '/*3 /&+*+/ /&+/+ +/ '/+*3 *.

&*33-&7*3/ /&+'& *;;38 +/ :8 *. 3. &+'*+/48, :/7*&/ +/ 3.4 ;/'. & '*338

/*3 + +/ ++*3 &;* +/ '+4*4/ 3*#

P'7;3/& O I/&+/+

Five basic principles&/'/ *& +/ .*+ ' +/ /&+/+ *;;'*7# T/8 *'/ *& 33=&!

Fo%$ on t(e 9on* te+,

T/'/ & &:&+*+/ /;'7*3 /./7/ + &44/&+ +*+ /+/& ;'./ +/ *@ '&9

*.


39/82

M/nt/n -9n%e ot9oo& on t(e ,+&et

T/ /&+/+ ;'+3 =3. :/ '/43*'38 +'/. + ./'&+*. +/ ;*7+ 7*4/&

:&/&& *. /77 +'/. *& =/33 *& /&+' &/+/+# %3/ &'+-+/' *'9/+

3*+3+8 =3. */7+ *3*+& +/ ;'+3, +& & + /@;/7+/. + 3/7/ +/

./7& + = .*/+*338 &+'4 7;*/

D/$%/9/ne +o%( to $e99/n*

T/ ./7& + &/33 * 3.4 =3. :/ :*&/. /+/' +/ *+7;*+/. ;'7/ *;;'/7*+

:/4 *7//. ' :/4 34/' ;&&:3/ ./ + * 7*4/ .*/+*3 *7+'& */7+4

+/ 7;*8 ' +/ *'9/+ =7 + 7;/+/&, ' ./ + +/ **3*:3+8 * *3+/'*+/

+*+, +/ /= +/ I/&+/+ M**4/', /'& &;/'' '/+'

I './' + ;3//+ +/ /&+/+ *;;'*7 //7+/38, + =3. :/ ;'+*+ +

;/'.7*338 //+ +/ **4//+ *7/ + *7/# T& =3. ;'./ * ./'&+*.4 +/'

:'*. & *. 7+/+ + +/ 34-+/' :&/&& :


40/82

Ine$t,ent An90$/$

9t/on

o+to9/o %on$t+%t/on

o+to9/o/*3*+

I/&+/+ P'7/&&

F/*+e no. 5.3. Ine$t,ent +o%e$$

0

F+,/n* o/ne$t,ent o9/%0


41/82

I/&+/+ T8;/&

A ;*'+73*' /&+' '*338 ./+/'/& +/ /ne$t,ent t0e$ *+/' *4 '3*+/. +/

/&+/+ ./7&, =7 & +/'/. *& 7*;+*3 :.4/+4 *7*3 3/@7# %+ +/

;'3/'*+ *7*3 *'9/+& +/'/ *'/ '/ ;+& ' /&+/+ +8;/

A77'.4 + +/ *7*3 +/'348 /&+/+ /*& +/ 33=4!

P'7*&4 S/7'+/& M/8 ' C*;+*3 M*'9/+&

B84 M/+*'8 ' P*;/' F*7*3 A&&/+& M/8 ' C*;+*3 M*'9/+&

1


42/82

I/&+4 . A&&/+& 39/ "3., R/*3 E&+*+/ *. C33/7+:3/&

I /&+'& *&&/ +*+ +/&/ '& /&+/+ =3. '& +/ =+ &/ '///

:8 =*8 ;&+/ 7*& 3=#

T/&/ *&&/+& 7* *3& */7+ +/ ;*'+73*' /&+' ;&+/38 ' /4*+/38 ./;/.4 +/

*3+/'*+& +/' '/&;/7+/ *3/

I/&+/+& *'/ +/ *./ +'4 +/ +/'/.*'/& = &/ /8 +*9/ ' ..*3& +

/&+# C&//+38 +/ ..*3& *'/ '/4*'./. *& *4 73*& +/ ;*'+73*'

+/'/.*'8#

I+ & 7 ;'*7+7/ ' +/ ;*'+73*' +/'/.*'/& + */ &/;*'*+/ 3/4*3 ;'7/.'/& +/'

=# F33=4 *'/ &/ +/'/.*'/&!

B*9&

M+*3 F.&

P/& F.&

I&'*7/ C;*/&

2


43/82

C33/7+/ I/&+/+ S7//&

I/&+/+ C3:&

I/&+/+ +/ .* ;/'&*3 *7/ &4/& .& /;38/. +/ ;'7*&4

&*'/&, /&+4 733/7+/ /&+/+ ;3*& ' // ;'7*&4 * *&&/+ =+ * /3//+

7*;+*3 '&9# I +/ /3. '/*3 /&+*+/, /&+/+& ;38 :84 ;';/'+8 =+ +/ &3/

;';&/ 4//'*+4 7/#

I/&+/+ '/&./+*3 '/*3 /&+*+/ 73. :/ *./ +/ ' :84 &4 ;';/'+8, =3/

/&+/+& 7/'7*3 '/*3 /&+*+/ & *./ :8 =4 7/'7*3 ;';/'+8 ' 7';'*+/

;';&/& +*+ *'/ 4/*'/. + 4//'*+/ &/ *+ '///#

Ine$t,ent

T/ /8 8 /*' & ;*'+38 &;/+ *. +/ '/&+ &*/. ' //+4 +'/ /@;/&/ I&+/*.

9//;4 +/ &*4& .3/ 8 *8 39/ + &/ &*4& './' + 4/+ '/+' + +/ +'/# T&

& 7*33/. I/&+/+#

W(0 $(o9 one /ne$t

O/ //.& + /&+ +!

/*' '/+' 8' .3/ '/&'7/&

4//'*+/ * &;/7/. & /8 ' * &;/77 4*3 3/

*9/ * ;'& ' * 7/'+* +'/


44/82

+/o$ Ot/on$ A/9-9e Fo+ Ine$t,ent

One ,0 /ne$t /n

(0$/%9 $$et$ 39/ '/*3 /&+*+/, 43.


45/82

+/o$ Lon*;te+, /nn%/9 ot/on$ /9-9e o+ /ne$t,ent

o$t O/%e /n*$ P&+ O7/ M+38 I7/ S7// & * 3= '&9 &*4 &+'/+,

=7 7* :/ **3/. +'4 *8 ;&+ 7/# I+ ;'./& * +/'/&+ '*+/ ;/' *, =7

& ;*. +38#

M *+, =7 7* :/ /&+/., & R 1,000- *. *..+*3 /&+/+ 3+;3/&

1,000-# M*@ *+ & R , 00,000- ( S43/) ' R 6, 00,000- ( /3.


46/82

T/8 7* *3& :/ 73*+/ @/. ./;&+& =/'/ +/ /+'/ ;'7;*3 *34 =+ +/ +/'/&+ &

;*. *+ +/ /. +/ 3* ;/'.# T/ '*+/ +/'/&+ *'/& :/+=// 6-G ;/' * '

7;*8 FD T/ +/'/&+ '/7//. & *+/' ./.7+ +*@/&

@on$ I+ & * @/. 7/ (./:+) &+'/+ &&/. ' * ;/'. '/ +* / 8/*' =+ +/

;';&/ '*&4 7*;+*3#

T/ 7/+'*3 ' &+*+/ 4/'/+, 7';'*+& *. &3*' &+++& &/33 :. A :. &

4//'*338 * ;'&/ + '/;*8 +/ ;'7;*3 *34 =+ * @/. '*+/ +/'/&+ * &;/7/. .*+/,

7*33/. the Maturity Date#

Mt9 Fn$ T/&/ *'/ .& ;/'*+/. :8 * /&+/+ 7;*8 =7 '*&/& /8 '

+/ ;:37 *. /&+& * 4'; *&&/+& (&*'/&, ./:/+'/& /+7#), *77'.*7/ =+ * &+*+/.

&/+ :


47/82

E+8 I/&+/+

E+8 /&+/+ '//'& + +/ +'*.4 &+79& *. :.& +/ &*'/ *'9/+# I+ & *3&

'//''/. + *& +/ *7&+ /+8 ' =/'&; ;*'+7;*+ +/ 7;*8#

A /+8 /&+/+ & +8;7*338 * =/'&; /&+/+, =/'/ +/ /&+' =& * *&&/+

+/ 7;*8# I +& 9. /&+/+ +/'/ & *3=*8& * '&9 +/ /&+' + /*'4 *

&;/77 *+ /8# E+8 /&+/+ 7* *3& :/ +/'/. *& ;*8/+ + * ' '/+'

' ;*'+*3 =/'&; +*+ '# A /+8 /&+', &/ 7*&/&, *8 *&&/ &/

**4//+ 7+'3 +/ ' *. *8 *3& &*'/ +'/ ;'+

I './' + ./'&+*. /+8 /&+/+ ;';/'38, + & /7/&&*'8 + &// +/ +/77*3 *.

.*/+*3 **38& T/ +/77*3 **38&& /+8 /&+/+ & ;'*'38 +/ &+.8 ;'7/

&+'8 +/ &*'/& *. &+79 *'9/+# A .*/+*3 **38&& /+8 /&+/+ 3/& +/

&+.8 *33 **3*:3/ '*+ +*+ & '/3/*+ + +/ &*'/ *'9/+ './' + ;'/.7+ +/ +'/

+'/.& +/ &+79 *'9/+# T/ **3 '/;'+&, .&+'8 .*+* *. &+.8 +/ /77 *.

*7*3 /'/+ *'/ *3& 73./. +/ .*/+*3 '*+ /+8 /&+/+#

Mt9 Fn$ n e*+e*te Fn$

M+*3 .& ' +/' '& ;3/. /&+/+ /*&'/& *'/ /+/& /3. :8 ;'*+/

..*3& :+ **4/. *. 4/'/. :8 ;'/+ **4//+ ' T/&/ +8;/& *7*3

3.4& *33= ..*3 /&+'& + ./'&8 +/' 3.4& *. *. ;+/+*3 3&

S/4'/4*+/. .&, +/ +/' *., *'/ &/. :8 3*'4/ ;'*+/ /&+'& = =& + 3. +/'

&*'/& .'/7+38 '*+/' +* * +*3 .#
http://finance.mapsofworld.com/investment/types/equity.htmlhttp://finance.mapsofworld.com/investment/types/equity.html


48/82

T/ ;'/ *.*+*4/ /&+4 * ;3/. . & +*+ + 4/& +/ ..*3 *77/&& +

;'/&&*3 *.7/ +'4 +/ . **4/'# T/ *


49/82

M+*3 F. T8;/&

A/'7* M+*3 F.&

BMO M+*3 F.&

C**.* M+*3 F.&

F./3+8 M+*3 F.&

H*'+'. M+*3 F.&

I/&+4 M+*3 F.&

I/&+/+ F.&

T; M+*3 F.&

D8*7 M+*3 F.

J*& M+*3 F.&

V*4*'. M+*3 F.&

M+*3 F.& P/''*7/

T8;/& M+*3 F.& (M./ I/&+/+)

D/:/+'/&

G
http://finance.mapsofworld.com/mutual-fund/mutual-fund-types.htmlhttp://finance.mapsofworld.com/mutual-fund/american-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/bmo-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/canadian-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/fidelity-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/hartford-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/investing-in-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/investment-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/top-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/dynamic-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/janus-mutual-funds.htmlhttp://finance.mapsofworld.com/mutual-fund/vanguard-mutual-funds.htmlhttp://finance.mapsofworld.com/mutual-fund/mutual-funds-performance.htmlhttp://finance.mapsofworld.com/mutual-fund/mutual-fund-types.htmlhttp://finance.mapsofworld.com/mutual-fund/american-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/bmo-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/canadian-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/fidelity-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/hartford-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/investing-in-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/investment-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/top-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/dynamic-mutual-fund.htmlhttp://finance.mapsofworld.com/mutual-fund/janus-mutual-funds.htmlhttp://finance.mapsofworld.com/mutual-fund/vanguard-mutual-funds.htmlhttp://finance.mapsofworld.com/mutual-fund/mutual-funds-performance.html


50/82

I *7*3 7+/@+, D/:/+'/& *'/ D/:+ I&+'/+& &&/. ' * 34 +/' :8 4/'/+&

*. :4 &+++& ' '&4 . T/ D/:/+'/ *& &/ '/&/:3*7/& + :.& :+ +/

&/7'+*+ +/'& *. 7.+& *'/ ./'/+ ' D/:/+'/& 7;*'/. + * :.#

A D/:/+'/ & 738 7&./'/. *& &/7'/ :/7*&/ +/'/ & ;3/.4/ ' 3/ ;*'+73*'

*&&/+ N//'+/3/&&, * D/:/+'/ & &/7'/. :8 *33 +/ *&&/+& =7 *'/ +/'=&/ + ;3/.4/.#

I +/'/ & * :*9';+78, D/:/+'/ 3./'& =33 :/ 7+/. *& 4//'*3 7'/.+'

T/ ://+ +*+ +/ &&/' /


51/82

R/.//*:3/ D/:/+'/

I''/.//*:3/ D/:/+'/

@OND MARKET

T/ -on ,+&et& * *7*3 *'9/+ +*+ *7+& *& * ;3*+' ' +/ :84 *. &/334 ./:+

&/7'+/ T/ :. *'9/+ & * ;*'+ +/ 7*;+*3 *'9/+ &/'4 ;3*+' + 733/7+ . ' +/

;:37 &/7+' 7;*/&, 4/'/+&, *. 7';'*+ T/'/ *'/ * :/' :. .7/& +*+

'/3/7+ +/ ;/''*7/ * :. *'9/+#

T/ :. *'9/+ 7* *3& 7*33/. +/ ./:+ *'9/+, 7'/.+ *'9/+, ' @/. 7/ *'9/+# T/ &/

+/ 7''/+ +/'*+*3 :. *'9/+ & /&+*+/. + :/ 5 +'33# T/ *


52/82

=7 & +/ '4+ + &/33 * &*'/# I 4//'*3, /&+'& :8 ;+ ;+& +/8 /@;/7+ ;'7/& +

'&/, *. 7*33 ;+& +/8 /@;/7+ ;'7/& + *33## T/ *3/ * ./'*+/ ./;/.& +/ *3/

+/ ./'384 *&&/+# T/ *'& 73*&&7*+& ./'*+/& '/3/*+ + &*'/ *'9/+

/&+/+ *'/!

S=*;

F+'/& C+'*7+

F'=*'. C+'*7+

O;+ C+'*7+

A '=*'. 7+'*7+ & *4'///+& :/+=// += ;*'+/& ;'7*&/ ' &/33 * ;'.7+ +/ +'/,

*+ * ;'7/ ./+/'/. =# T& +*3 *4'///+ &*+&/& +/ ;'+ +/ :+ +/

:8/' *. &/33/', *. +/ 7/'+*+/& *. '&9& ;'7/ 37+*+& +/ +'/ *'/ *:'+/.#

A +'/ 7+'*7+ & ./'/+ ' * '=*'. 7+'*7+ +/ &/&/ +*+ +/ '/' '/'/& +/

;'/&/7/ * +'. ;*'+8 *. +/ 7+/+ ' +'*./ & &;38 +*3#

B/'/ * &*'/ & 7&/ ' /&+/+, * +/77*3 **38&& +/ &*'/ & ;/''/.# T/

;'7/ *. 3/ * &*'/ /' * ;/'. +/ *'/ +'*79/. *. +/ * :&/&& ;3* &

7&+'7+/.# A .*/+*3 **38&& 3/& * 73&/ &+.8 +/ 7;*8 *&&7*+/. =+

+/ &*'/, *. +& ;/''*7/ /' +/# T/ .*/+*3 **38&& & ;'+*+ ' +/ &*'/

*'9/+ /&+'#

52


53/82

T/ ;'7/ 3//3& * +'*./. &*'/ *'/ *& 33=&!

O;/4 P'7/! T& & +/ ;'7/ *+ =7 +/ *'9/+ ;/ I +/' ='.&, + & +/ ;'7/

+/ '&+ +'*&*7+#

C3&4 P'7/! T& & +/ ;'7/ *+ +/ +/ 73&4 +/ *'9/+ ' +/ ;'7/ +/ 3*&+

+'*./#

I+'*-D*8 H4! T& ./+/& +/ *@ ;'7/ *+ =7 +/ &*'/ =*& +'*./. +/

.*8#

I+'*-D*8 =! T& & +/ ;'7/ *+ =7 +/ &*'/ +'*./. +/ .*8#

De-t Ine$t,ent$

D/:+ &/7'+/& ( +/ ' -7/'+:3/ ./:/+'/&, :.&, &/7'/. ;'/ +/&, /'

+/'/&+ :.&, .//; .&7+ :.&, 3*+4 '*+/ :. +/&, &/7'+&/. ./:+, ;*&& +'4

7/'+7*+/&, *&&/+ :*79/. &/7'+/&, '+4*4/ :*79/. &/7'+/& *. *8 +/' ./&+7 @/.

7/ &/7'+/& 73.4 &+'7+'/. :34*+& /+7#) 73./, :+ *'/ + 3+/. + !

o D/:+ :34*+& +/ "/'/+ I.*, S+*+/ *. 37*3 "/'/+&,

"/'/+ A4/7/& *. &+*++'8 :./& (=7 *8 ' *8 + 7*''8 * &+*+/

7/+'*3 4/'/+ 4*'*+//),

o S/7'+/& +*+ */ :// 4*'*+//. :8 "/'/+ I.* *. S+*+/

"/'/+&,

5


54/82

o S/7'+/& &&/. :8 C';'*+/ E++/& (P:37 P'*+/ &/7+' ./'+*94&),

o S/7'+/& &&/. :8 P:37 P'*+/ &/7+' :*9& *. .//3;/+ *7*3

&+++

Mone0 M+&et In$t+,ent$ In%9e

o C/'7*3 P*;/'&

o C/'7*3 :33&

o T'/*&'8 :33&

o "/'/+ &/7'+/& *4 * /@;'/. *+'+8 ;+ / 8/*'

o C*33 ' +7/ /8

o C/'+7*+/ ./;&+

o U&*7/ :33&

o P/'++/. &/7'+/& ./' * '/; '//'&/ '/; *4'///+

o A8 +/' 39/ &+'/+& *& *8 :/ ;/'++/. :8 RBI SEBI ' +/ + +/

I/&+/+& =33 :/ *./ +'4 &/7.*'8 *'9/+ ;'7*&/&, +*3 ;:37

/'&, +/' ;:37 /'&, ;3*7//+& *. '4+ /'& (73.4 '/7*+)

*. /4+*+/. ./*3 T/ &/7'+/& 73. :/ 3&+/., 3&+/., ;'*+/38 ;3*7/.,

&/7'/. &/7'/., '*+/. '*+/. *8 *+'+8#

5


55/82

T/ AMC '/+*& +/ 3/@:3+8 + /&+ *7'&& *33 +/ &/7'+/& &+'/+& ./:+ *. /8

*'9/+#

I/&+/+ ./:+ &/7'+/& =33 &*338 :/ &+'/+& =7 */ :// *&&/&&/. *& 4

/&+/+ 4'*./ :8 *+ 3/*&+ / 7'/.+ '*+4 *4/78 *+'&/. + 7*''8 + &7 *7++8 ./'

+/ *;;37*:3/ '/43*+ I 7*&/ * ./:+ &+'/+ & + '*+/., ;'' *;;'*3 +/ B*'.

D'/7+'& T'&+// *. AMC =33 :/ :+*/. ' &7 * /&+/+# I/&+/+ ./:+

&+'/+& &*33 4//'*338 */ * 3= '&9 ;'3/ *. +&/ /8 *'9/+ &+'/+& &*33

*/ * // 3=/' '&9 ;'3/# T/ *+'+8 ;'3/ ./:+ &+'/+& =33 :/ &/3/7+/.

*77'.*7/ =+ +/ AMCL& /= '/4*'.4 7''/+ *'9/+ 7.+&, +/'/&+ '*+/ +39#

P'&*+ + +/ SEBI R/43*+&, +/ S7// &*33 + *9/ *8 /&+/+ !

*8 3&+/. &/7'+8 * *&&7*+/ ' 4'; 7;*8 +/ S;&' '

*8 &/7'+8 &&/. :8 =*8 ;'*+/ ;3*7//+ :8 * *&&7*+/ ' 4'; 7;*8 +/

S;&' '

+/ 3&+/. &/7'+/& 4'; 7;*/& +/ S;&' =7 & /@7/&& 25 +/

/+ *&&/+

T/ S7// *8 /&+ +/' &7//& **4/. :8 +/ AMC ' +/ &7//& *8 +/'

+*3 .&, ;'./. + & 7'+8 =+ +/ /&+/+ :


56/82

/&+/+ *./ :8 *33 +/ &7//& HDFC M+*3 F. ' +/ &7//& +/' +*3

.& &*33 + /@7//. 5 +/ /+ *&&/+ *3/ +/ HDFC M+*3 F.#

D*+* A*38&& A. I+/';'/+*+

6.! De,o*+(/% +o/9e o /ne$to+$

T-9e 6.! De,o*+(/% +o/9e o /ne$to+$

De,o*+(/%$ No. o +e$onent$ e+%ent*e o +e$onent$

A*e /&& +* 20 8/*'& 0 0

20-0 20 0"'/*+/' +* 0 0 60

T+*3 50 T+*3 50

9//%t/on

M*+'7 0 0U./' "'*.*+/ 25 50

P&+ "'*.*+/ 25 50

T+*3 50 T+*3 100

O%%t/on

S/'7/ 1G

56


57/82

P'/&& 6 12

B&/&& 15 0S+./+ 10 20

T+*3 50 T+*3 100

In%o,e He+ ,ont()

/&& +* R

R-0000 10 20

"'/*+/' +* 0000 25 50

15 0

T+*3 100 T+*3 100

An90$/$ Inte++ett/on I+ =*& . +*+ +/ *


58/82

tte,ent 1. To &no (et(e+ +e$onent$ /ne$t.

T-9e No. 6.1 To &no (et(e+ +e$onent$ /ne$t.

Ine$t,ent De%/$/on No. o Re$onent$ e+%ent*e o Re$onent$

Y/& 5 G0

N 5 10

T+*3 50 100

F/*+e No. 6.1 To &no (et(e+ +e$onent$ /ne$t.

5


59/82

90%

10%

Yes No

An90$/$ Inte++ett/on

F' +/ &'/8 + =*& . +*+ G0 '/&;./+& /&+ +/ &+79 *'9/+ *. 10 =

=/'/ -/&+'&,

tte,ent 2. A+ene$$ +e*+/n* t0e$ o Ine$t,ent In$t+,ent$

T-9e No. 6.2 T0e o /ne$t,ent ot/on t(e e+$on /$ +e o

T0e$ o Ine$t,ent

In$t+,ent$

No. o Re$onent$ e+%ent*e o Re$onent$

S*'/& 15 0

M+*3 F.& 2 6

D/:/+'/& 5 10

B.& 5 10

D/'*+/& 2

T+*3 50 100

5G


60/82

F/*+e No.6.2 T0e o /ne$t,ent ot/on t(e e+$on /$ +e o

30%

46%

10%

10%4%

Shares Mutual Funds Debentures

Bonds Derivatives

60


61/82

An90$/$ Inte++ett/onA:/ ;/-7*'+ &=& +*+ 5 /&+'& =/'/ *=*'/ +/ +*3

., 25 /&+'& =/'/ *=*'/ &*'/&, 15 /&+'& =/'/ *=*'/ ./:/+'/&, 10

/&+'& =/'/ :. I+ /*& *


62/82

F' +/ &'/8 + =*& . +*+ 0 '/&;./+& /&+ M+*3 .&, 25 /&+ S*'/&

*. 20 /&+ D/:/+'/ T&, + 7* :/ &+*+/. +*+ *@ ;/;3/ /&+ M+*3

F.& =/'/*& &*'/& *'/ *4 2.;'+*7/#

tte,ent 4 .To &no t(e +te$ t (/%( t(e /ne$t,ent *+o

T-9e No.6.4 T(e +te$ t (/%( t(e /ne$t,ent *+o

Ine$t,ent G+ot( Rte No. o Re$onent$ e+%ent*e o Re$onent$

S+/*.38 0 0

A+ * */'*4/ '*+/ 5 10

A+ *&+ '*+/ 5 G0T+*3 50 100

10%

90%

Steadily t an avera!e rate t "ast rate


62


63/82

F' +/ &'/8 + =*& . +*+ G0 '/&;./+& =*+& +/' /&+/+ 4'= *+ *&+ '*+/

=/'/*& 38 10 '/&;./+& =/'/ +/ *' /&+/+ 4'=+ *+ */'*4/ '*+/#

tte,ent 5. To &no t(e +e=en%0 o /ne$t,ent -0 t(e Re$onent$.

T-9e No. 6.5 F+e=en%0 o /ne$t,ent

F+e=en%0 o Ine$t,ent No. o Re$onent$ e+%ent*e o Re$onent$

D*38 0 0

%//938 10 20

M+38 2

Y/*'38 16 2

T+*3 50 100

F/*+e No.6.5 F+e=en%0 o Ine$t,ent

20%

4#%

32%

Daily $eely Monthly Yearly


6


64/82

F' +/ *:/ +*:3/ $ 7*'+ + =*& . +*+ 5 '/&;./+& /&+ +38, 5 /&+ 8/*'38

*. +/'/ =/'/ 20 '/&;./+& = /&+ .*38# T&, + 7* :/ &+*+/. +*+ *


65/82

14%

22%

40%

24%

&' to 10% 10(1)%

1)(20% More than 20%


F' +/ *:/ +*:3/ $ 7*'+, + =*& . +*+ 0 '/&;./+& /&+ 15-20 +/' **3

7/, 2 '/&;./+& /&+ '/ +* 20 +/' **3 7/, 22 '/&;./+& /&+ ;

+ 10-15 +/' 7/ *. 1 '/&;./+& /&+ ; + 10 +/' 7/ ./'/+

/&+/+ *// T&, + 7* :/ 773./. +*+ *


66/82

tte,ent 7. To &no t(e +e$onent$ /n9en%e on Ine$t,ent e%/$/on.

T-9e No.6.7 T(e +e$onent$ /n9en%e on Ine$t,ent e%/$/on

o+%e$ No. o Re$onent$ e+%ent*e o Re$onent$

S/3 2

F'/.& $ R/3*+/& 10 20

S/'7/ ;'./'& $ 7&3+*+& 6 12

66


67/82

N/=&;*;/'& $ A./'+&//+ 5 10

A4/+& 6

%'9&;& $ S/*'& 2

T+*3 50 100

F/*+e No.6.7 T(e +e$onent$ /n9en%e on Ine$t,ent e%/$/on

4#%

20%

12%

10%

6% 4%Sel" Friends * +elatives

Servi,e 'roviders * ,onsultants Ne-s'a'ers * dvertise.ent

!ents $orsho's * Se.inars


F' +/ *:/ +*:3/ $ 7*'+, + =*& . +*+ 3+;3/ *&;/7+& ' /&+4 3/7/.

'/&;./+ '/&;./+& +*9/ /&+/+ ./7& +/ :*&& +/' ;/'&*3 /*3*+

=/'/ *& 20 '/&;./+& /&+ :/7*&/ 3/7/ '/.& $ '/3*+/&, +/ 7&3+*+&

6


68/82

3/7/& 12 '/&;./+ *. +/ *./'+&//+ 3/7/& 10 '/&;./+ I+ 7* :/ &+*+/.

+*+ *


69/82

T-9e No. 6.8 T(e F%to+$ T(t We+e Con$/e+e W(/9e Ine$t/n*

Ine$t,ent F%to+$ No. o Re$onent$ e+%ent*e o Re$onent$

R/+' /&+/+ 15 0T*@ ://+& G 1

C*;+*3 *;;'/7*+ 15

M*+'+8 ;/'. 6

R&9 6 12

S*/+8 ;'7;*3 6

.+8 1

T+*3 50 100

F/*+e No. 6.8 T(e F%to+$ T(t We+e Con$/e+e W(/9e Ine$t/n*

30%

1#%14%

6%

12%

6%

14%

+eturn on invest.ent /a benets a'ital a''re,iation

Maturity 'eriod +is Sa"ety o" 'rin,i'al

iuidity

6G


70/82


F' +/ &'/8 + =*& . +*+ +/ *@ '/&;./+& 7&./'/. '/+' /&+/+

=*& &+ ;'+*+ *7+', 1 '/&;./+& 7&./'/. +*@ ://+& *& * ;'+*+ *7+' *.

1 '/&;./+& 7&./'/. 7*;+*3 *;;'/7*+ *& * ;'+*+ *7+'# I+ 7* :/ &+*+/. +*+

*


71/82

tte,ent . To Kno Ine$to+$ A%t/on In C$e O to%& M+&et +o.

T-9e No. 6. T(e Ine$to+$ A%t/on In C$e O to%& M+&et +o

Ine$to+$ +ee+en%e /n %$e

o 9o$$e$

No. o Re$onent$ e+%ent*e o Re$onent$

T'*&/' .& + &/7'/

/&+/+

15 25

%*+ + &// /&+/+

;'/&

20 0

I/&+ '/ .& 1 0

%+.'*= .& $ &+;

/&+4

2 5

T+*3 50 100

1


72/82

F/*+e No. 6. T(e Ine$to+$ A%t/on In C$e O to%& M+&et D+o

30%

40%

26%

4%

/rans"er "unds into se,ure invest.ent $ait to see i" invest.ent i.'roves 5nvest .ore "unds

$ithdra- "unds * sto' investin!2


73/82


F' +/ &'/8 + =*& . +*+ *@ '/&;./+& =3. =*+ + &// +/' /&+/+

;'/& *. &+*'+ 4//'*+4 .&, 0 '/&;./+& =3. /&+ '/ .&, 25

'/&;./+& =3. +'*&/' .& + &/7'/ /&+/+ *. 5 '/&;./+& =3. &+;

/&+4# I+ 7* :/ &+*+/. +*+ *


74/82

tte,ent 1!. To Kno T(e De%/$/on Re*+/n* Ot(e+ Ine$t,ent o9/%0

T-9e no. 6.11 T(e Ot(e+ Ine$t,ent o9/%0

Ine$t,ent De%/$/on No. o Re$onent$ e+%ent*e o Re$onent$

Y/& G G

N 1 2

T+*3 50 100

F/*+e 6.1!T(e Ot(e+ Ine$t,ent o9/%0


75/82

9#%

2%

Yes No


F' +/ &'/8 + =*& . +*+ G '/&;./+& */ +/ +/' /&+/+ ;378 =/'/ *&

2 '/&;./+& . + */ +/ +/' /&+/+ ;378#

tte,ent 11. To Kno t(e t/$%t/on Lee9 O Re$onent$ W/t( T(e/+ Ine$t,ent

Ot/on

T-9e no. 6.11 I,o+tnt F%to+$ o+ C(oo$/n* T(e Ine$t,ent Ot/on

5


76/82

R*4/

M*@# S7'/1005500 (H438 S*+&/.)

A4# S7'/10000 (N/+'*3)

M# S7'/1001100 (H438 D&&*+&/.)


M&+ +/ '/&;./+& */ 4/ +/ 4/&+ &*+/. &7'/ + &*'/ A. +/ &/7. &+

;'+*+ /&+/+ ;+ & ./:/+'/& =7 3/7/. +/ ./7& '/4*'.4 /&+/+#

O+/' ;'+*+ *7+' & +*3 . 7/'*4/ =7 *& +/ 2 &*+/. &7'/# R/+'

./'*+/& 4/+ +/ 20 &*+/. &7'/#

6

+t/%9+$ #/*(90

D/$$t/$/e

D/$$t/$/e

Net+9 t/$/e #/*(90

t/$/e

,,te

%o+e

H1) H2) H3) H4) H5)

S*'/& 10 6 1 0 0 M+*3 .& 12 15 20 5 1 2

B.& 20 1 5 1G 2

D/:/+'/& 15 10 15 0 20 0

D/'*+/& 0 10 20 0 10 20


77/82

tte,ent 12. I,o+tnt F%to+$ T(t W$ Con$/e+e W(/9e Ine$t/n*

T-9e No. 6.12 I,o+tnt F%to+$ T(t W$ Con$/e+e W(/9e Ine$t/n*

+t/%9+$ #/*(90

D/$$t/$/e

D/$$t/$/e Net+9 t/$/e #/*(90

t/$/e

,,te

%o+e

H1) H2) H3) H4) H5)

R/+'

/&+/+

0 0 0 66 62

T*@ ://+& 0 0 1 16

C*;+*3 0 0 20 0 0 20


78/82

*;;'/7*+

M*+'+8

;/'.

5 5 0 0 20 55

R&9 5 10 20 5 0 5

S*/+8

;'7;*3

10 20 0 20 10 00

.+8 15 15 20 0 20 25

Rn*e

M*@# S7'/1005500 (H438 S*+&/.)

A4# S7'/10000 (N/+'*3)

M# S7'/1001100 (H438 D&&*+&/.)


M&+ +/ '/&;./+& */ 4/ +/ 4/&+ &*+/. &7'/ + R/+' /&+/+# A.

+/ &/7. &+ ;'+*+ *7+' & C*;+*3 *;;'/7*+ =7 3/7/. +/ ./7&

'/4*'.4 /&+/+# O+/' ;'+*+ *7+' & T*@ ://+ =7 *& +/ 16 &*+/. &7'/#


79/82

F.4& O T/ S+.8

F33=4 .4& =/'/ 4//'*+/. ' +/ &+.8!-

1# M*@ /&+'& *'/ *=*'/ *33 +/ /&+/+ ;+

2# I/&+'& . + /&+ * &43/ *//# T/8 ;'//' ./'/+ *//& *. *@

/&+'& ;'//' + /&+ &*'/&, +*3 .& $ ./:/+'/

# M*@ /&+'& =*+& +/' /&+/+ 4'= *+ *&+ '*+/#

# T/ /&+/+ ./7& /&+'& & 3/7/. :8 +/' = ./7& *. +'4

'/.& $ '/3*+/

G


80/82

5# D/'/+ *7+'& 7&./'/. :8 /&+'& =3/ /&+4 *'/ '/+', '&9, +*@ ://+&,

7*;+*3 *;;'/7*+ *. +/ &+ ;'/+ *7+' & +/ '/+' *8 /&+/+

*//#

6# M*


81/82

;'/&/+ '/'//+& *. 3+ '/# A& * /&+' ;'4'/&&/& &/' 3/ &+*4/ *. *& &/'

*7*3 4*3& 7*4/, & ./& +/ / /&+' ;'3/# M*@ /&+'& *'/ *=*'/ *33

+/ /&+/+ ;+ I/&+'& . + /&+ * &43/ *//# T/8 ;'//' ./'/+ *//&

*. *@ /&+'& ;'//' + /&+ &*'/&, +*3 .& $ ./:/+'/ T/ /&+/+

./7& /&+'& & 3/7/. :8 +/' = ./7& *. +'4 '/.& $ '/3*+/

M*


82/82

P/''*7/ C';'*+/ "/'*7/ *& * D/+/'*+ E@+/'*3 F*7/ T'*&+

E7/&! ++;!;*;/'&&'#7&3'/&3+

I+'.7+ I.* S+79 M*'9/+ ! ++;!===#:*9/+.*#7

I+'.7+ O3/ I/&+'& $ T'*./'& ! ++;!===#+'*./'

stock market - black book

Documents