Fincial Report

8/3/2019 Fincial Report

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ACKNOWLEDGMENT

This report bears the imprint of many people. Right from the experienced staff

of Reliance Money, to the learned faculty of my college (GEU). Without their

support and guidance I would have not got the unique opportunity to

successfully complete my internship in this esteemed organization.

I take this opportunity to express my deep gratitude to all the employees of,

Reliance Money, Noida. Also I am indebted for the rich guidance, knowledge

and suggestions provided by Mr. Nitin Kayat (cluster head of branch) and

Mrs. Richa Srivastava (Operation head of Reliance Money) who took sincere

efforts and illustrated the Concept of different financial products, Equity

Trading and selling of financial products with their vast knowledge in the field,

which helped me in carrying out my internship.

Last but not least, I also thank all those people who directly or indirectly help

me to complete my project during my internship in the most efficient and

effective manner.



TABLE OF CONTENT

1. Certificate by the faculty guide.

2. Preface3. Objective of the training

4. Executive summary

5. Scope of the study.

6. Company profile

7. Companies of ADAG

8. Business overview9. Partners of the company

10.Majors sparkling points of reliance money

11.Products offering

12.Reliance dmat account

13.Reliance life insurance

14.Reliance mutual fund

15.Market analysis

16.Recommendation

17.Suggestion

18.Bibliography



PREFACE

Private sector is one of the fastest growing sectors in the country. After the Liberalization the

Private industry still holds vast opportunities for young and experienced

professionals. On the life insurance side public sector life insurance Corporation of India is,

of course, the largest player with a history of over 50 years. After Privatization, the PSU has

been making efforts to improve efficiency and customer services. Among the private life

insurance player Reliance life insurance is the key player.

Reliance money - Anil Dhirubhai Ambani Group offers most dynamic web based trading

environment to its customers .The Reliance Money stock trading websites uses special

security features 'Security Token', which makes you online trading experience

more secure without complexity. Reliance ADG provide the vast opportunities to

the new aspirants of the business administration. The financial Sector is full of competition

even if there are a lot of opportunities to the job in Reliance Money and It is the platform to

go on the highest peak in the life of any coming one. Reliance Money is a single window that

provide the multisystem facilities of the financial Products. There are many

companies in the market which are providing the financial product like insurance, demat

account services, mutual funds, general insurance, Portfolio management

services(PMS),wealth management, gold coins, Money changing , Money Transfer, and the

others.

Hence Reliance Money provide many financial product on the single window. Reliance

money deals with the product and Investment options are available in...

Equity (Stock) Trading

Derivatives and Comodity trading

Gold Coins

Wealth Management

IPO's

Mutual Funds

Portfolio Mnagement

Life Insurance

General Insurance



OBJECTIVE OF TRAINING

Frankly speaking, any job or the task, have the specific objective i.e. what is need and what is

the requirement of the particular work. In the same way my objective is also to learn

something from the summer internship program . It means that the training program in any

reputed company give the market knowledge of its subject matter of study.

The right choice of the company in which a student has to do the training is also the part of

the learning and what he/she wants to learn in the summer training . In the short span since

the insurance sector was opened up, many companies have literally dictated the market’s

evolution. Catering to all age and income segments, the company stated out with the

traditional insurance policies that were easy to understand, the idea was to entice customers

used to LIC’s style of functioning.

Reliance money began exploring new areas; it introduced modern products, like Unit-linked

Product where return are linked to the market performance of the underlying

assets.Reliance Money leads and virtually all parameters; size of agent force, number of

policies sold, total sum, total sum assured, premium income and productivity of agents it has

set exacting standards for its range of products, riders offered, quality of information in

promotional material and even in the insurance awareness events organized.

What has been in favor of Reliance Money is the range of product in each segment of life

insurance-traditional, unit-linked and single premium option, that are for retirement plan or

child plan. With such a comprehensive bouquet, it caters to the financial goals of a customer.

Reliance Money a growing reputed company give the good platform in selling of the product

like insurance, Equity & commodities, derivative, IPO’s, offshore investment, mutual fund,

gold coins etc.

So the objective of study is to see in the basket of product and satisfaction of

customers with the company through research work in Noida.



EXECUTIVE SUMMARY

This project has been a great learning experience for me, at the same time it gave me enough

scope to implement my analytical ability.The first part gives an insight about the Demat

Account, Life Insurance, General Insurance and mutual funds and theirs various aspects. It is

purely based on whatever I learned at Reliance Money. One can have a brief knowledge

about mutual funds and all its basics through the project. Other than that the real servings

come when one moves ahead. Some of the most interesting questions regarding these

products have been covered. Some of them are:

Why has it become one of the largest financial intermediaries?

How investors do chose between funds and these products?

Most popular stocks among fund managers, most lucrative sectors for fund managers, a

special report on Systematic Investment Plan, does fund performance persists and the topping

of all the servings in the form of portfolio analysis tool and its application.

All the topics have been covered in a very systematic way. The language has been kept simpleso that even a layman could understand. All the quarries of the customer asked by them had

been solved with the support of the seniors in the organization. The problems of the customer

were being recorded for the purpose of the research and development.



SCOPE OF STUDY

The scope of the study refers to the job that to know about the activities of the organization.

The study means that the analysis of the products of the company on which he/she has tofocus.

During the summer training the volunteer need to find out the corporate strategies of the

running company and the mile stone which the company has covered during its journey. In

the summer training, it is necessary for the student that he /she involve with the experience

guys to get the knowledge about the company. That is how the company has got the success,

Or if it is going in the loss, why.

In my training period I have found that the reliance group is the biggest group in Indian

companies. I felt that I can learn the more in the Reliance Life Insurance Limited.Reliance

Life Insurance Limited is the part of the Reliance Capital Limited which is a growing

company in the financial products.

Reliance Anil Dhirubhai Ambani group is also deals in communication, energy, natural

resources, media, and entertainment, healthcare and infrastructure.



COMPANY PROFILE

Reliance Anil Dhirubhai Ambani Group (Reliance ADAG) ranks among India's top three

private sectors business houses. The group has a market capitalization of US$ 22 billion, netassets in excess of US$ 7 billion, and net worth to the tune of US$ 6 billion. Reliance AnilDhirubhai Ambani Group has a customer base of over 50 million, the largest in India, and ashareholder base of over 8 million, among the largest in the world. R-ADAG has a business

presence that is spread over 4,500 towns and 300,000 villages in India, and 5 continentsacross the world.

Reliance Anil Dhirubhai Ambani Group came into existence when the business empire of theReliance Group founded by Dhirubhai Ambani was split between his two sons, Mukesh andAnil. Mukesh Ambani, the elder brother, retained Reliance Industries Limited (RIL), theflagship company of the Reliance Group. The part of the empire that was inherited by the

younger brother Anil Ambani was christened as Reliance Anil Dhirubhai Ambani Group.Hence, one can say that the founder of Reliance ADAG was Dhrubhai Ambani. The interestsof the Reliance Anil Dhirubhai Ambani span communications, financial services, generation,transmission and distribution of power, infrastructure and entertainment. Reliance Money, theBroking and Distribution arm of Reliance Capital provides a single window platform for transacting in a wide range of asset classes, including Equity, Equity & CommodityDerivatives, IPOs, Mutual Funds, Life & General Insurance, Money Changing and MoneyTransfer and Gold Coins amongst others.

Investors would need to pay brokerage at the rate of Rs 15 per assisted trade (from Reliance'sFranchisee or call center) and can trade free using online trading portal (fixed fee of Rs500

for delivery trades up to Rs 5 lakh and / or non-delivery trades up to Rs 5 lakh, with validity period of one year), the company said.

Some key steps of the company that are as…..“Success is a journey, not a destination.” If we look for examples to prove this quote then wecan find many but there is none like that of Reliance Money. The company that is todayknown as the largest financial service provider in India.

Success sutras of Reliance Money:

The success story of the company is driven by 8 success sutras adopted by it namely trust,integrity, dedication, commitment, enterprise, hard work and team play, learning andinnovation, empathy and humility. These are the values that bind success with RelianceMoney.Vision of Reliance Money:

To achieve & sustain market leadership, Reliance Money shall aim for complete customer satisfaction, by combining its human and technological resources, to provide world classquality services. In the process Reliance Money shall strive to meet and exceed customer'ssatisfaction and set industry standards.Mission statement:

“Our mission is to be a leading and preferred service provider to our customers, and we aimto achieve this leadership position by building an innovative enterprising and technology



Companies of Reliance ADAG

Reliance Communications Limited

Reliance Communications Limited is the flagship company of the Reliance - ADA Group.The company is the culmination of Dhirubhai's dream of bringing about a digital revolutionthat will provide every Indian with affordable means of communication and a ready access toinformation. Reliance Communications Limited started operations in 1999 and has over 20million subscribers today. It offers a complete range of integrated telecom services such asmobile and fixed line telephony, broadband, national and international long distance services,data services and a wide range of value added services.

Reliance Capital

Reliance Capital is one of India's leading private sector financial services companies.Reliance Capital deals in asset management and mutual funds, life and general insurance,

private equity and proprietary investments, stock broking and other activities in financialservices.

Reliance Energy Limited

Reliance Energy Limited is a fully integrated utility engaged in the generation, transmissionand distribution of electricity. The company distributes more than 21 billion units of electricity to

over 25 million consumers in Mumbai, Delhi, Orissa and Goa. Reliance Energy Limitedcurrently generates 941 MW of electricity, through its power stations located in Maharashtra,Andhra Pradesh, Kerala, Karnataka and Goa. It is currently pursuing a number of gas, coal,wind and hydro-based power generation projects in Maharashtra, Uttar Pradesh, ArunachalPradesh and Uttaranchal with total capacity of over 12,500 MW.

Reliance Media & Entertainment

Reliance Media & Entertainment has interest in Movies, Music, Sports, Gaming, Internet &mobile portals, Digital cinema, IPTV, DTH and Mobile TV. In 2005, Reliance ADA Groupacquired Adlabs Films Limited, one of the largest entertainment companies in India, whichhas interests in film processing, production, exhibition & digital cinema. RelianceEntertainment has also forayed into the FM Radio business through BIG 92.7 FM.

Reliance Health:Reliance Health aims at providing integrated health services and plans to venture into

diversified fields like Insurance Administration, Health care Delivery and Integrated Health,Health Informatics and Information Management and Consumer Health.



Reliance BPO

Mudra Communications Pvt. Ltd., a Reliance ADA group organisation. NIS Sparta RelianceBPO is a premium BPO & KPO service provider offering cutting edge solutions to globalCommunications, BFSI, Utility and Entertainment industries.

Mudra Communications Pvt. Ltd.As a part of Reliance ADA Group Ltd., Mudra rose to become the third largest agency in the

country in a short span of 9 years. Today, the Mudra Group, with more than 125 clients

nationwide with three creative agencies, eight full service offices, seven specialised business

units and an integrated media offering, has a portfolio of some of India's biggest brand

NIS Sparta

NIS Sparta is a division of is Asia's leading training, education and learning solutions provider. We partner organisations in achieving their mission critical goals through enhancedeffectiveness of their people and processes, using proven methodology



Business Overview

Reliance Capital has interests in asset management and mutual funds, life and general



distribution of financial products, consumer finance and other activities in financial services.

Reliance Mutual Fund is India's no.1 Mutual Fund. Reliance Life Insurance is India's fastest

growing life insurance company and among the top 4 private sector insurers. Reliance

General Insurance is India's fastest growing general insurance company and the top 3 private

sector insurers. Reliance Money is the largest brokerage and distributor of financial products

in India with more than 2.5 million customers and the largest distribution network. Reliance

Consumer finance has a loan book of over Rs. 8,000 crores at the end of June 2008

Reliance Capital has a net worth of Rs.6, 862 crores (US$ 1.6 billion) and total assets of Rs.

19,940 crores (US$ 4.6 billion) as of June 30, 2008 and over 26,000 employees.Money has

increased its market share among private financial companies to nearly Convenient &

effective – Anytime & anywhere financial transaction capability. Launched in April 2007. It

provides the Flat fees system. It has 2.2 million customers in 1 year of official launch. It has

over 5,000 outlets across 700 towns/cities. Average daily turnover – in excess of Rs 2,000

crores.Considering the entire life market, including the Rs.12,890 crores booked by life

insurance Corporation, Reliance life insurance market share works out to around 6.25%.

The life insurance market continuous to be dominated by LIC which has about 67% share this

only a marginal dip from its 73% share in end-July. These comparisons are only for first year

or new business premium. The gap between Reliance life insurance and the second-in-line

private insurer is vast. In fact, this scenario has led some analysts to wonder if the company is

not a trifle too aggressive. But others say this has more to do with the companies’ customer-

centric focus, its pan-India presence and superior risk management and investment strategies.

Reliance Money is not, however, resting on its laurels.Company’s customer centric approachwillbe studied during the training period and the finding of the research work will

definitely focus on the present condition & future requirement (if any) relating to products of

company.



Parteners of the company



MAJOR SPARKLING POINTS OF RELINACE MONEY:

Reliance Money takes gold to masses, launches ½ gram and

1 gram pure 24 carat Gold Coins

• First company in India to launch pure gold coins in lower

denominations of ½ Gram and one gram• Company to tap the large “Gifting market” in India with this move• All gold coins certified 24 carats, 999.9 purity, imported from Valcambi SA of Switzerland• Gold Coins would be available across the country at Reliance Money, Reliance World andReliance Money Partner outlets.

Reliance Money and DTDC Tie-Up for Distribution Of Financial Services.

Reliance Money Limited will get access to over 3700 DTDC franchisee outlets and 176DTDC’s own offices thus providing RML an unprecedented, far reaching distribution

presence in India. Initially, select DTDC outlets will house Reliance Money kiosks therebyincreasing the number of footfalls across all these outlets. DTDC will be the first courier

company in India to leverage Reliance’s brand name in the financial services sector anddiversify its revenue stream by entering the Indian retail financial services distribution sector.“With DTDC’s distribution network, Reliance Money will be able to reach out to the smallestof investors in the remotest parts of India thereby achieving its objective of providing safeand secure financial services at a retail investor’s doorstep”, said Mr. Sudip Bandyopadhyay,CEO & Director, Reliance Money Limited.Currently, Reliance Money along with its 44 own branches has over 1,000 franchisees spreadacross 100 locations all over India.

Reliance Money tie up with Sify Technology

Reliance Money, the brokerage and financial services arm of Reliance-ADAG, has tied upwith broadband service provider Sify Technologies to sell its financial products and serviceslike mutual funds, credit cards, money transfer and insurance products through the internetcafe chain.

The move, Reliance Money said, will help it target day traders and the younger generation.Sify has over 3,300 cyber cafes across 150 cities. The tie-up, which is on a revenue-share

basis, also covers Sify’s 3,000 franchisees providing broadband services to homes.The broadband franchisees would act as marketing agents for Reliance Money products andservices. “About 50-60% of broadband revenues come from day-traders. With this tie-up,

they can target them better.

Reliance Money officials are training Sify’s 600-people sales team to market its productsand services, who in turn will train its franchisees to do the same. The roll-out will begin in afortnight. While its entire range of products and services will be made available at Sifyinternet cafes, Reliance Money is hoping the move will further boost usage of its onlinetrading account and portfolio management services.

For Sify, it would mean an additional revenue stream. “The initiative would allow us to tap

unconventional channels of distribution. With an addition of over 6,000 franchiseesthrough the tie-up, we will add significantly to our existing distribution



Reliance Money has been distributing its offerings through its existing sales network,Reliance Web worlds and Reliance Communications outlets. Last year, it also tied up withTata group’s IT solutions and service provider arm, CMC Ltd, for installing its web-enabledfinancial retail kiosks at CMC Franchise. Reliance Money provides a single window,

enabling customers to access, amongst others, equity & commodity derivatives, mutualfunds, IPOs, life and general insurance products, offshore investments, money transfer,money changing, gold coins and credit cards.

Advantages offered by Reliance money over other companies:

• Cost Effective

• Convenience

• Security

• Single Window for Multiple Products

• 3 in 1 Integrated Access

• Demat Account with Reliance Capital

• Other Services like research, live news from Reuter and Dow Jones, etc.



PRODUCT OFFERING

• Trading Portal (with almost negligible brokerage)

• Equity Broking

•

Commodity Broking• Derivatives (Futures & Options)

• Offshore Investments (Contract for Differences)

• D-Mat Account

Financial Products

• Mutual Funds

• Life Insuranceo ULIP plan

o Term Plan

o Money Back Plan

• General InsuranceoVehicle/Motor Insurance

oHealth Insurance

oHouse insurance

• IPO’s

• NFOs

Value-Added Services• Retirement Planning

• Financial Planning

• Tax Saving

• Children Future Planning

• Credit CardsGold coins retailing



Brief introduction to Demat Account:

Demat account allows you to buy, sell and transact shares without the endless paperwork and

delays. It is also safe, secure and convenient.

What is demat account?

Demat refers to a dematerialised account. Just as you have to open an account with a bank if

you want to save your money, make cheque payments etc, you need to open a demat account

if you want to buy or sell stocks. So it is just like a bank account where actual money is

replaced by shares. You have to approach the DPs (remember, they are like bank branches),

to open your demat account.

Let’s say your portfolio has 100 of Satyam, 200 of IBM and 120 of TCS shares. All these

will show in your demat account. So you don’t have to possess any physical certificates

showing that you own these shares. They are all held electronically in your account. As you buy and sell the shares, they are adjusted in your account. Just like a bank passbook or

statement, the DP will provide you with periodic statements of holdings and transactions.

Is a demat account a must?

Nowadays, practically all trades have to be settled in dematerialised form. Although the

market regulator, the Securities and Exchange Board of India (SEBI), has allowed trades of

upto 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 shareseasier, enables quick ownership of securities on settlement resulting in increased liquidity,avoids confusion in the ownership title of securities, and provides easy receipt of public issueallotments.

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.



Indian market scenario

Indian capital market has seen unprecedented boom in its activity in the last 15 years in terms

of number of stock exchanges, listed companies, trade volumes, market intermediaries,

investor population, etc. However, this surge in activity has brought with it numerous

problems that threaten the very survival of the capital markets in the long run, most of which

are due to the large volume of paper work involved and paper based trading, clearing and

settlement.

Until the late eighties, the common man kept away from capital market and thus the quantum

of funds mobilized through the market was meager. A major problem, however, continued to

plague the market. The Indian markets were drowned in shares in the form of paper and

hence it was problematic to handle them. Fake and stolen shares, fake signatures andsignature mismatch, duplication and mutilation of shares, transfer problems, etc. The

investors were scared and were under compensated for the risk borne by them. The century

old system of trading and settlement requires handling of huge volumes of paper work. This

has made the investors, both retail and institutional, wary of entering the capital market.

However, lack of modernization become a hindrance to growth and resulted in creation of

cumbersome procedures and paper work.

However, the real growth and change occurred from mid-eighties in the wake of

liberalization initiatives of the Government. The reforms in the financial sector were

envisaged in the banking sector, capital market, securities market regulation, mutual funds,

foreign investments and Government control. These institutions and stock exchanges

experienced that the certificates are the main cause of investors` disputes and arbitration

cases. Since the paper work was not matching the rapid growth so there was a need for a

better system to ensure removal of these impediments.

Object of Demat System

India has adopted this system in which book entry is done electronically. It is the system

where no paper is involved. Physical form is extinguished and shares or securities are held in

electronic mode. Before the introduction of the depository system by the Depository Act,

1996, the process of sale, purchase and transfer of shares was a huge problem and the safety

perspective was zero.



Key Terms and Their Definitions

What is a depository?

A “Depository” is a provider of facility for holding and/or transacting securities in, book entry form. Physical securities can be converted in to book entry form i.e. electronic form by

way of immobilization or dematerialization. (so that they exist only as electronic records).India has chosen the dematerialization route. A depository functions somewhat similar to acommercial bank. To avail of the services offered by a depository, the investor has to open ademat account with a registered DP.

What is dematerialization (Demat)?

“Dematerialization” is a process by which physical certificates are converted into electronicform.

What is Rematerialisation (Remat)?

Rematerialisation is the process of converting securities held in a demat account in electronicform back in physical certificate form.

Who is a Beneficial Owner (BO)?

When physical shares are converted in to electronic form, the depository becomes‘Registered owner” in the books of the company and investors name is removed from booksof the company. Depository is holding shares in its records on behalf of the investors whohave opened a demat account with the depository. Hence all benefits are given to the actualinvestor who is called as a “Beneficial Owner” (BO) of the securities.

Who is a Depository Participant?

A “Depository Participant” (DP) is an agent of the depository who is authorized to offer depository services to investors. Financial institutions, banks, custodians and stockbrokerscomplying with the requirements prescribed by SEBI/ Depositories can be registered as DP.Further information on DP, can be accessed from CDSL’s web site www.cdslindia.com. Aninvestor will always interact with a DP for the services and can not directly approach thedepository for any services.

Who is an RTA?

An RTA i.e. Registrar and Transfer Agent is an agent of the issuer. RTA act as an

intermediary between the issuer and depository for providing services such asDematerialization, Rematerialisation, Initial Public Offers and Corporate actions.

What is an ISIN (International Securities Identification Number)?

“ISIN” is a unique 12 digit alphanumeric code given to a security, shares, Debentures, Bondsetc. when the security is admitted in the depository system. First two digits of the ISIN codeindicate country of registration for the security. All securities registered on depository inIndia, first two digits of the ISIN code are ‘IN’.

Who is an Issuer?

“Issuer” means any entity such as corporate / state or central governmentorganizations issuing securities which can be held in depository in electronic



Some frequently asked questions about demat and related matters:

Who is registered owner of Securities?

When securities of a company are held in physical form by an investor, Name of the investor is recorded in the books of the company as a ‘Registered Owner of the Securities. Each

certificate is identified by Folio number, certificate number and distinctive range numbers.

Whether different securities issued by the same Issuer will have same ISIN?

No, different securities issued by the same issuer will have different ISIN code.

What is the legal framework governing the depository functions in India?

Following are the acts and regulations under which a depository functions:1. The Depositories Act, 1996,2. SEBI (Depositories and Participant) Regulations.3. CDSL Bye-laws which are framed under the above two documents.4. Prevention of Money Laundering Act (PMLA), 2002

Can a demat account be opened directly with CDSL?

A demat account can not be opened directly with CDSL. The demat account has to beopened only though a DP of CDSL.

Can an investor, already having a demat account; open another account with any other

CDSL DP?

Yes. The investor has a choice to open another demat account with any CDSL DP.

Can a DP collect account opening charges?

SEBI has directed that no investor should pay account opening charges, besides the statutorycharges.

Can all securities be dematerialized through a single demat account?

Yes. Any number of securities admitted with CDSL can be dematerialized and held in onedemat account.

What should an investor do to open an account with a DP?

The process of opening a demat account through a DP of CDSL is very simple and easy. It is

similar to the opening of a bank account.• Investor has to first choose a DP based on his convenience and the DP’s charges.• The investor has to submit a completely filled, signed account opening form in the

prescribed format along with following documents such as Photocopy of the PAN card, Proof of Identity, Proof of address. List of documents which is acceptable as proof of identity /address can be obtained from the DP.• Before opening the demat account, the investor will have to execute an agreement on astamp paper to be provided by the DP, which defines the rights and obligations of both, theinvestor and the DP.• On opening a demat account, a unique BO ID (Beneficial Owner Identification) Number is

allotted, which should be quoted in all future transactions.

Is it mandatory to submit PAN card details?

Y SEBI h d i d f ll i i d h ld b i



Why bank details are required while opening a demat account? This requirement is asecurity measure. The Dividend / interest warrants issued by the Companies will have your name printed on it, so that the warrants can not be misused by other person.

Can an investor open multiple demat accounts?There is no restriction on number of demat accounts which an investor can open.

Is there any restriction to have demat account with only one DP?

A BO can open multiple demat accounts with the same DP of with different DPs.

Can a demat account be opened in the name of Joint Holders?

Yes. A demat account can be a single holder account or a joint holder account. A demataccount can have maximum three account holders i.e. one main holder and two joint holders.

Can a Demat account be opened for a minor?Demat account can be opened in the name of a minor. The account will be operated by aguardian till the minor becomes major, Guardian has to be the father or in his absencemother. In absence of both, father or mother, the guardian can be appointed by court.

Can minor be a joint holder in another demat account?

No. Minor can not be a joint holder in a demat account.

What happens to a minor account when the minor becomes major?

When a minor attains majority, two options are possible.Either the existing account can be closed and new account opened in the name of the minor

turned major and all securities in the minor account are transferred to the new account.Existing account can still be used. Minor turned major has to sign a new agreement with theDP and complete all formalities required for opening a new demat account. Guardian detailsentered earlier have to be deleted.

Can any information submitted at the time of opening a demat account be modified at a

later date?

Yes. Except names of the account holder(s) and type of the account, all other information

such as address, bank details, date of birth etc. can be modified.

What is the procedure to be followed for account modification?

An account modification form duly signed by the account holder(s), along with the requireddocuments as proof for the modification, has to be submitted to the DP who will verify therequest and carry out the modifications in the depository system.

In case of a joint demat account, can a joint holder independently ask for account

modification?

No. For a joint demat account, account modification form has to be signed by all the jointholders.



If one of the joint holders expires, Can name of the deceased account holder be deleted

from the account?

No. If one of the joint holder expires, new demat account should be opened in the name of surviving joint holders and securities from the previous account should be transferred to thenew account.

Can joint holder names be added / deleted from a demat account?

No. Once a demat account is opened addition / modification / deletion of account holder namesis not permitted.

Can securities of different companies held in one demat account?

Yes. Does a BO have to keep any minimum balance of securities in his demat account?

A demat account can be opened and maintained even with nil balance.

Can holdings in a single holder account be transferred to a joint holder account?

Yes. Securities can be transferred from a single holder account to a joint account or vice-a-versa.

How does a BO get information that his account has been updated after each

transaction?

a. DP sends to BO, a statement of transactions and balances at least once every month, evenwhere a single transaction has taken place during the month. The statement can be sent morefrequently, if so desired by BO against payment of additional charges.

b. A BO can find out up-to-the-moment status of his account any-time, any-where by using

internet based facility ‘easi’ launched by CDSL. The BO has to register for easi through hisDP. Currently the transaction details are updated every 15 minutes.c. A BO can also get details of debits to the demat account directly from CDSL by registeringto ‘SMART’, the SMS alert facility of CDSL

What happens if a BO loses his statement of holdings?

The BO should inform the DP about the loss of the statement of holdings and request for theissue of a duplicate statement.

Do all DPs have access to account details of all CDSL BOs? No. A DP cannot access the BO accounts of any other DP. It can have access only to thosedemat accounts, which are serviced by it.

Where can an NRI/PIO open a demat account?

NRI/PIO can open a demat account with any Depository Participant [DP] of CDSL. The NRI/PIO needs to mention the type [‘NRI’ as compared to ‘Resident’] and the sub-type[‘Repatriable’ or ‘Non-Repatriable’] in the account opening form collected from the DP.

Does an NRI need any RBI permission to open a demat account?

No permission is required from RBI to open a demat account. However, credits and debits

from demat account may require general or specific permissions as the case may be, fromdesignated authorized dealers.



What is Power of Attorney (POA) in demat scenario?

Power of Attorney is authority given by a demat account holder to some other entity operatehisdemat account.

Who can be a POA holder?POA holder can be an individual or a corporate entity.

What are types of POA?

The POA can be• General purpose POA i.e. the POA holder can perform all activities on behalf of the originalholder(s)• Specific purpose POA i.e. the POA holder can perform only certain operations.

Is there any specific format for execution of POA?

The format of POA depends upon the intention of the powers being given to the POA holder.

Can Power of Attorney (POA) be given for a joint demat account?

Yes. POA be given by holders of a joint demat account. All the holders may give POA to asingle entityor each holder may give POA to a separate entity.

Should the Power of Attorney (POA) be notarized?

Notarization of POA is at the discretion of the DP.

Can the BO submit a copy of POA?

Yes. Copy of the POA document submitted should be certified as a “TRUE COPY” by theBO(s).

Can Multiple POAs be given by the same holder?

Yes, the same holder can give Multiple POAs.

Can BO himself give instructions when POA exists?

Yes, both BO & POA can sign instructions.

Can POA close a demat account?

No, POA holder cannot close a demat account.

Can POA holder give nomination instruction to the DP?

No, POA cannot give nomination instruction.

Is dematerialization of securities compulsory?

According to the Depositories Act, 1996, an investor has the option to hold securities either in physical or electronic form. Part of holding can be in physical form and part in dematform. However, SEBI has notified that settlement of market trades in listed securities should

take place only in the demat mode.



What type of instruments are available for demat at CDSL?

All types of equity/debt instruments viz. Equity shares, Preference Shares, Partly paid shares,Bonds, Debentures, Commercial Papers, Certificates of Deposit, Government Securities (G-SEC) etc. irrespective of whether these instruments are listed / unlisted / privately placed can

be dematerialized with CDSL, if they have been admitted with CDSL.

Can any securities held in physical form be dematerialized?

Only those securities held in the form of certificates and also admitted with CDSL can bedematerialized. Securities held in street name (seller’s name) cannot be dematerialized by the

buyer in his / her demat account.

Procedure for Dematerialization?

Following steps have to be followed by a BO to dematerialize physical securities:a. Open a demat account with a DP.

b. Fill in a DRF (Demat Request Form) and submit the same with the physicalcertificate/s to the DP for dematerialization.c. DP to verify that the form has been filled correctly.d. Setup the demat request on the CDSL system.e. Deface and mutilate the physical certificates.f. Send the certificates to the Issuer/Registrar who verifies genuineness of the certificates andcredits an equivalent number of securities in the demat account of the BO maintained by

CDSL.g. For each ISIN, a separate DRF has to be used.h. If the BO has free as well as lock-in shares of the same ISIN, separate demat request has to

be setup for free shares and lock-in shares.i. For lock-in shares, separate demat request has to be given for different lock-in codes or for different lock-in expiry dates.computerized trading screens available with the NSE trading members or the internet basedtrading facility provided by the trading members of NSE.



Prepaid Demat Account from reliance money

There are many broking houses doing business in India and they charge a

brokerage on every transact ion made online or off l ine. (Buying and Sell ing

are treated as separate transaction). Reliance Money’s advantage over othersis that i t ’s charging the lower brokerage in the market . Reliance Money, the

brokerage and distribution arm of Reliance ADA Group, aims to tap investors

in the small er towns and c it ie s through a f la t f ee s truc tu re . T he cur rent

leaders in the retai l broking segment l ike ICICI Direct , India Infol ine and

Indiabulls offer a ‘pay per use’ model where the customer pays a percentage

of the amount transacted by him. Reliance Money’s brokerage rates are quite

competitive.

T he n ew w on de r i s R el ia nc e M on ey' s p re -p ai d c ar d f or s to ck m ar ke t

brokerage. Reliance Money, the financial services division of Anil Dhirubhai

Ambani Group-promoted Reliance Capital, is bringing to the market pre-paid

cards in denominations of Rs500, Rs1000, Rs2,500 and Rs5000 with validity

period of annual, two months, six months and twelve months respectively.

These cards would offer brokerage at one-third of the rate being charged by

inst i tut ional and individual brokerage houses. Sample this . For a pre-paid

card wor th Rs1000, an inves tor can t rade up to Rs90 lakh in fu tures and

option segment or can undertake intra-day trade of similar amount. Besides,

an investor can undertake a delivery-based activity of Rs10 lakh.

The Rs2500 worth pre-paid card, total t rading l imit would reach Rs 3 crore,

of which Rs 2 .70 crore i s for the F&O segment and balance Rs30 lakh for

delivery-based activities.

For Rs5000 p re -paid card, tot al t rading l imit i s f ixed a t Rs7 c ro re , tha t

include F&O limit of Rs6.3 crore and balance Rs 70 lakh for del ivery-based

broking.



The Limit Card Tariffs effective from May 31st, 2010 are as follows*:

Card Name Value(Rs.)

Delivery

turnover

(Lacks)

Marginturnover (Lacs)

Validity (days)

PR 500 500 * 2 365

Bi-monthly 1000 * 10 90 60

Half Yearly 2500 * 30 270 180

Annual 5000 * 70 630 365

Application Processing Charges (Trading & Demat) Rs. 750/- (inclusive of service tax).

*Service tax will be levied separately.

Brokerage of Rs. 15/- will be charged per executed order for the Cash Segment and for Future Contracts in the Derivative Segment. Service Tax will be levied separately.

Brokerage of Rs. 15/- will be charged per executed lot for the option contracts in theDerivative Segment. Service Tax will be levied separately.

STT, Stamp Duty, Turnover Charges and any other statutory levies charged separately asapplicable.

Margin Turnover means the Intra-day turnover in the Cash Segment and the F & OTurnover.

Unutilized turnover will be rolled over if a limit card is assigned to you within 6 calendar days of expiry of your last card. Assignment will happen only if an order placed by you isexecuted.

Maximum possible rollover is Rs. 10 Crores for the Intraday Turnover and Rs. 1 Crore for the Delivery Turnover.

The roll over benefit is not available for the PR-500 card.

On expiry of your card and/or your failure to renew, you may be allowed to trade for theday. At the end of the day or on the subsequent days, after reconciliation we shall allot

you, a default Bi-Monthly card and debit your account accordingly.Switching from Limit Card Scheme to Percentage Brokerage Scheme is NIL.



FEE STRUCTURE AND VALIDITY TIME



Delivery( NSE, BSE Cash

Segment)

Margin( NSE, BSE Cash

Intraday & Futures)Options

MonthlyTurnover

BrokerageMonthlyTurnover

BrokerageMonthlyPremiumTurnover

Brokerage Per Lot (In Rs.)

More than2.5 Cr

0.15%50 Cr. Or More

0.015%25 Lacs Or More

50

More than2.5 Cr

0.15%25 Cr. To50 Cr.

0.02%25 Lacs Or More

50

50 Lacs to2.5 Cr.

0.20%10 Cr. To25 Cr.

0.03%10 Lacs To25 Lacs

60

25 Lacs to 50Lacs

0.30%5 Cr. To 10Cr.

0.03%5 Lacs To 10Lacs

70

10 Lacs to 25Lacs

0.40%2 Cr. To 5Cr.

0.04%2 Lacs To 5Lacs

80

Less than 10Lacs *

0.45%Less than 2Cr. *

0.05%Less than 2Lacs *

100

Application Processing Charges (Trading & Demat) Rs. 750/- (inclusive of service tax).

* is the default slab

For NSE, BSE Cash Segment Intraday , brokerage is charged on both the legs

For Futures & Options intraday , no brokerage is charged on Second leg

No separate brokerage of Rs 15 per executed order.

Service tax, Securities Transaction Tax, Stamp Duty, Turnover charges and other government /statutory levies will be charged as applicable.

Switching Charge from Percentage brokerage module to Limit card module is Rs 200.

Client will be moved from Default Slab to a lower slab according to the sliding scale table onachieving any turnover condition; either in Delivery, Margin Or in Option . Difference in the

brokerage between 2 slabs shall be refunded in your Reliance Securities ledger in the first week of next turnover cycle.

Turnover cycle will be considered between 26th of current month to 25th of Next Month.



Depository participant’s (DP) charges

Sr.no. Particulars Rs. Remark

1 Annual Service Charges (AMC)

i)Individual / HUF / Trusts 200

ii)NRI / Foreign Nationals 1000

iii) Corporate / Others 1000

2Transaction Charges on Sell (Market and Off Market)

i)For Instructions given in Physical Form 25 per ISIN

ii) For Instructions received through Internet /Online Trading through Reliance SecuritiesLtd.

12 per ISIN

iii) Extra charges for processing of instructionssubmitted on the execution date (accepted atClient's Risk, only for Physical Instruction)

10 per ISIN

3 Dematerialization

i)For each DRF (request form) 20

ii) Extra for each certificate 2

4 Rematerialisation

i) i) For each certificate 25

Subject to a minimum of Rs. 40 for 100 securities plus Regd. Post chargessubject to a minimum of Rs. 25

5 Closure of Account NIL

6 Pledge set up / Removal / Invocation 25 per ISIN

7 Additional Physical Account Statements

i)Individual / HUF / Trusts/ Corporates 40 per statement

ii) NRI / Foreign Nationals 1000 per statement

8 Custody Charges NIL

9 Re-issue of DIS Booklet 50

10Request for Modification of details like Bank Account/ Nominee Details / Address Change

40 per type of request

* There will be a charge of Rs 100/ for dishonor of any cheque or unsuccessful attempt to



discontinuation if Reliance Capital Limited is unable to recover charges from the customer,for any reason whatsoever. There will be a charge of Rs. 250/- for resumption of services insuch cases. Reliance Capital Limited will resume services after a minimum of 3 working daysfrom the date of receipt.

* Any service, which is not mentioned above, will be charged separately as per the ratesapplicable from time to time.

* Reliance Capital Limited reserves the right to revise the tariff structure from time to timewith a notice of 30 days. This notice may be given by ordinary post or by an advertisement ina National Daily or by email to customers.* In case the demat account is closed during the year; no pro-rata refund of account AnnualService Charges (AMC) will be made

* Service tax and other government / statutory levies will be charged extra.

Converted to percentage terms-

Reliance Money offers most competitive brokerage rates - 0.45% for deliverytrades and 0.05% for non-delivery trade for turnover less then 10 lacks per month, 0.4 for delivery trades and 0.04 for intraday and future upto 25 lacks,0.15 for del ivery trades and 0.015 for intraday and future for the turnover more than Rs 2 .5 c ro re . Indus try r at es vary between 0 .4% to 0 .85% for delivery trades and between 0.05% and 0.10% for non delivery trades.

T arge t low level o f r et ai l penet ra tion in Ind ia - l es s than 3 per cen t o f household financing savings makes it into equity markets

Reliance Money consumers can trade in equit ies, commodit ies and offshoreInvestments , IPO’s, Mutual Funds, Insurance, Money transfer and MoneyChanging - all through single window, both off-line and online.

Rel iance Money has a lr eady t ied-up w ith CMC Capit al P lc UK to o ffer offshore Investment products to Indian consumers as per guidelines.

H li d th ?



Two way authentication:

Rel iance o ffer s i ts cus tomers w ith a token (an e lect ronic gadge t) tha tgenerates a password, which are a third level of securi ty in addit ion to thecustomer log in and a password provided. The password genera ted by the

token is val id only for a period of 20 seconds. If the web page expires, for the fresh login, a new password generated by the token has to be keyed in bythe customer.

Lowest brokerage:

Rel iance o ffer s the lowes t b rokerage o f 1 pai sa which i s very l es s w ithrespect to the other DPs in the market.

User friendly software:The portal offered is very easy to understand and use.

Forex and offshore investment:

Reliance provides the offshore faci l i ty which no other AMC is providing inthe market.

Better research and news:

Reliance offers news from the DOW JONES and REUTERS.



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,

current and, or other account for which the holder have been issued a check book, such 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:

A canceled check, preferably MICR

Proof of Identification

Proof of Address

Proof of Pan card (mandatory)

Recent photographs, one and, or more

For proof of identification and, or address self-attested facsimile copies of PAN card, Voter’s

ID, Passport, Ration card, Driver’s license, Photo credit card, Employee ID card, Bank

attestation, latest IT returns and, or latest Electricity/Landline phone bill are sufficient. While

they only ask for photocopies of the documents, they will need the originals for verification.

Points To Remember

1. Only securities admitted by NSDL can be dematerialized. The list is available with your

DP.

2. Only securities registered in the name of the account holder can be dematerialized.

3. Dematerialization is normally completed within 15 days after the share certificates havereached the issuer/ their R&T Agent. Thus it may take you a month from the date you hand

over shares, to receive demat credit.

4. Dematerialization would be done only when the issuer / their R&T Agent is satisfied of

genuineness of securities & ownership status.

5. All the joint holders should sign the DRF.

6. The pattern of holding in the DRF should match the pattern of holding on the share

certificate & the pattern in which account is opened.

7. Demat requests with name(s) not matching exactly with the name(s) appearing on the



surname, would be processed, provided the signature(s) of the client(s) on the DRF tallies

with the specimen signature(s) available with the issuer/ their R & T agent.

8. 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/ notarisation, etc.) to prove that the

certificate belongs to the person who forwarded the DRF.

9. In case there is any problem in processing the DRF, contact your DP and if he cannot

resolve the problem you may contact NSDL.

SWOT ANALYSIS

Strength• Co -o pe rat iv e a nd Ex pe rie nc ed Br an ch

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 markets

Threat• Reach

• Stiff competition from

existing players in the market

• Better products

• New entra nts



Benefits of having a reliance money account

It’s cost effective

You pay comparatively lower transaction fees. As an introductory offer, we invite you to paya flat fee of just Rs. 500/- and 750/- and transact through reliance money. This fee is valid for

two months or a specified transaction value See the table below for details.

Its offers single – window access

Through reliance money’s associates, you can transact in equity, equity and commodities

derivatives, offshore investments mutual funds, IPO’s life insurance, general insurance,

money transfer, money changing and credit cards, amongst others.

Its convenient

You can access reliance money’s services through

The internet

Transaction kiosks

The phone (call & transact)

Our all – India network of associatesOn an assisted trade (through the call centre or our

network of associates) a charge of Rs 12 per executed trade will be applicable.

Its SafeYour account is safeguarded with a unique security number that changes every 32 seconds.

This number works as a dynamics password to keep your account extra safe.



.

Its provides you a demat accountYou get your own demat account with reliance capital at an annual fee of just Rs. 50/-.

Its provides you a 3-in-1 facility.You can access your banking, trading and demat account through a single window andtransfer funds across accounts seamlessly.

It provide you value- added servicesAt www.reliancemoney.com, you get

Reliable research, including views of external experts with an enviable track record

Live news updates from Reuters and Dow Jones

CEO’s / 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 convenient trading/investments –



kiosks (similar to ATM’s)

Reliance Money Provide the kiosks (similar to ATM’s) Facilities, to their customer through

which the customers can trade on available kiosks at the particular Branch of Reliance

Money. The company is going to open these kiosks in the market as the ATM’s of the

Banks.Reliance Money provides 3 different trading platforms for equity trading:

Insta Trade

Fast Trade

Easy trade



A comparative study of Demat account and facilities offered by different

DPs

Particulars Reliance money India bulls

Account opening fees 750/- 900/-

Annual maintenance charges 1st year free and 200/- after that

free

Treading type Online and offline both Online and offline both

SMS service Paid (2450 per year) free

Online transfer from banks HDFC, ICICI, AXIS, IDBI HDFC, ICICI, AXIS, YES,

Margin money must 20000/- no

Brokerage charges 30 paisa for delivery andfuture and 3paisa for intraday

convertible to 15paisa and1.5 paisa for the same

30 paisa for delivery & futureand 3 paisa for intraday

convertible to 20paisa and 2 paisa

Allowed margin treading 5 times of the margin moneyin the trading account

5 times of the margin moneyin the treading account

Square off time Same day at 2:55pm for future and option and 3:05for equity trading withoutinforming the BO

Same day without informingthe BO



Particulars Angle Broking Share Khan

Account opening fees 500 if the margin money is5000 and zero if marginmoney is 10000 and above

Free

Annual maintenance charges 299/- First year free and 400/- after that


SMS service Free Free

Online transfer from banks HDFC, ICICI, AXIS, YESBANK

HDFC, ICICI, AXIS,OBC

Margin money must Different scheme needdifferent margin money in thetreading account;as:5000+500(AOF)10000,50000

10000/-

Brokerage charges Depending on the schemechosenIf 5500/- then 25 paisa and2.5paisa and if 50000/- then10 paisa and 1 paisa for delivery and intradayrespectively

30 paisa and 10 paisa for delivery and intradayrespectively convertible to 25

paisa and 3 paisa

Allowed margin treading 7 times of the margin moneyin the trading account

5 times of the margin moneyin the trading account

Square off time After 5 treading days

informing the BO

Same day without informing

the BO



Particulars India infoline Edelweiss

Account opening fees Advance brokerage for threemonths 750/-

750/-

Annual maintenance charges 300/- per year or 555/- lifetime

First year free and 500/- after that


SMS service 250/- per month free

Online transfer from banks ICICI, HDFC, AXIS, YESBANK, BANK OF BRODA,CITY BANK

ICICI, HDFC, AXIS, YESBANK, Kotak Mahendra

Margin money must NO NO

Brokerage charges 30 paisa and 3 paisa for delivery and intradayrespectively convertible to 20

paisa and 2 paisa

50 paisa and 5 paisa for delivery and intradayrespectively. It offersdifferent annual prepaid planswith different chargesstarting from 33 paisa and3.3paisa to 10 paisa and1paisa

Allowed margin treading 10 times of the marginmoney in the trading account

5 times of the margin moneyin the trading account

Square off time Up to three times is notsquared off instead 18%annual interest is charged and

rest is squared off the sameday

The same day withoutinforming the BO



Particulars Ventura Securities

Account opening fees Free

Annual maintenance charges Free

Treading type Online and offline bothSMS service Free

Online transfer from banks ICICI, HDFC, SBI, AXIS, VIJYA BANK,FEDERALBANK, BANK OF INDIA

Margin money must NO

Brokerage charges Brokerage is charged only on selling of shares buying is freeand on selling 15 paisa and 2 paisa for delivery and intradayand 35 paisa per lot of future trading

Allowed margin treading 4 times of the margin money in the trading account

Square off time The same day without informing the BO



RELIANCE LIFE INSURANCE

Reliance Life Insurance, a part of the Reliance - Anil Dhirubhai Ambani Group is India's

fastest growing life insurance company and among the top 4 private sector life

insurers.Reliance Life Insurance has a pan India presence and a range of products catering to

individual as well as corporate needs. Reliance Life Insurance has over 700 branches and 1,

80,000 agents. It offers 26 products covering savings, protection & investment requirements.

Reliance Life Insurance will endeavor to attain a leadership position in the

market over the next few years, by further expanding and strengthening its distribution

network and offering a diverse array of products to suit the varied and specific needs of

individual customers.

Basics of Life Insurance

What is Life Insurance?

An amount of money paid to someone (called beneficiary) when the Life Assured (in whose

name the insurance policy is taken) dies. This amount can be used to pay the expenses related

to Life assureds death or can be invested to generate income that will replace your salary. Life

Insurance is an important tool in any investors portfolio & can be used for - wealth creation,

asset building, provide for contingencies and retirement planning.

“The main reason to buy Life Insurance is to

provide income replacement for your loved ones”

Types of Life Insurance Policies

Most Insurance policies are a combination of Savings & Protection.

Products are formulated by either increasing or decreasing either one of these

components.

These combinations can be broadly divided into 4 groups

-ULIPs

-Term Insurance

-Endowment Policies : Whole Life; Unit Linked etc

-Annuities & Pension



Life stage in life insurance

Introduction ofdependents.

Start of financial planning-

balance between asset

creation & protection

No dependents/

liabilitiestherefore need

for insurance is

less

18-25(Unmarried)

25-30

Married

couples

with no

kids

Peak earning age

range. High asset

creation & build up

of liabilities. Criticalstage for

dependents

30-45 years

Couples with

children

Asset base build

up & liabilities

reduced/ taken

care of. Need for

retirement

planning more

than protection.

Need for

protection low.

Greater need for

regular income

flow.

45 yrs

and

above

Matured

couple

Retired

Endowment / ULIP’s Endowment / ULIP’s +

Term Annuities



Need Analysis in life Stages



LIFE STAGE EXAMPLES

Endowment

Savera has justcome to our lives.

As proud parents, Weneed to protect heras well as create herown financial

standing

Term

Hello, I am Philip, sailor.

Have seen the world.Always on cruise and keep

AGE STATUS INSURANCE NEEDS SUGGESTED

PRODUCTS

18yrs - 25yrs Unmarried1.Go on a holiday2.Buy a new Car 3.Set up a new house4.Set up Interiors

5.Buy jewellery

Short TermEndowment

Product

25yrs -30yrs Married1.High Debt, high expenditurePhase2.Family dependency on your income

3.Low accumulated wealth4.Need for Planning Requirement

Temporary term or

whole life Product

30yrs - 45yrsMatured

Couple

1.Retirement Planning2.Wealth transfer or savingvehicles3.Returns on investment4.Opting for guaranteed Product

Profits or UnitLinkedEndowment/

Deferred annuities

60yrs and

Above

Post

Retirement

1.Protection in case you live long

2.Protection for spouse in case of death3.Wealth accumulation for children

1.Single Premium

annuities2.Long term care products3.Whole life

Products



worrying about family and

the loans. I need financial

Protection if I do not return

from one voyage

Annuities

Worked for almost

25 years, now want

To live…..I want something

that willsomething that will

make my life Chinta-freeafter

retirement….



Products of Life Insurance

Life Insurance products are usually referred to as ‘plans’ of insurance. These plans have two bas

elements; one is the “Death Cover” providing for the benefits being paid on the death of the insured perso

within a specified period. The other is the “Survival Benefit” providing for the benefit being paid o

survival of a specified period.

Plans of insurance that provide only death cover are called “Term Assurance” Plans.

Plans of insurance that provide only survival benefits are called “Pure Endowment” Plans.

Term Life Insurance

Term Life Insurance provides protection for a specified period of time. A death benefit is paid to th

beneficiary if the insured dies within a specified period of time while the policy is still in force.

Whole Life Insurance

Whole Life insurance is a permanent life insurance and provides protection for life. As long as premium

are paid, a death benefit is paid to the beneficiary.

ULIPs

A ULIP is a life insurance which provides a combination of Life Insurance protection and investmen

Money can be invested in the following fund:- Equity Fund, Debt Fund, Money Market Fund (Liquid Fund

and Balance Fund.

Annuities

Annuities are practically the same as pension. Pension provides periodical payments to the employees, wh

have retired. They are paid as long as the recipient is alive. Annuities are called the “reverse” of Lif

Insurance.

Solutions for Individuals - RGI

Taking time out from your daily schedule to plan your future is a necessary task. You could do with som

help, but who can help you? Reliance Life Insurance is here with Solutions for Individuals, a series of plan

that will help you make wise investments, protect your family, secure your child’s future an

even chalk out a plan for your retirement.



INSURANCE PLANS

Protection Plans

Protect your family even when you’re not around by investing in Reliance Protection Plans. Choose

limited period plan or a lifetime protection plan depending on your needs.

The latest Protection Plans are as below…

1. Reliance Term plan

2. Reliance Simple Term plan

3. Reliance Special Term plan

4. Reliance Credit Guardian plan

5. Reliance Special Credit Guardian plan

6. Reliance Endowment plan

7. Reliance Special Endowment plan

8. Reliance connect to life plan

9. Reliance Whole Life plan

10. Reliance Wealth + Health plan

11. Reliance Cash Flow plan

Savings & Investment Plans

Reliance Savings & Investment Plans help you to set aside some money to achieve specific goals

life, which means that you can enjoy life and provide for your family’s daily needs. The savings an

investment Plans are as below…

1. Reliance Total Investment Plan Series I - Insurance


3. Reliance Automatic Investment plan

4. Reliance Money Guarantee plan

5. Reliance Cash Flow plan

6.Reliance Market Return plan

7. Reliance Endowment plan

8. Reliance Special Endowment plan

9. Reliance Whole Life plan

10. Reliance Golden Years Plan

11. Reliance Golden Years Plan Value

http://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/ProtectionPlans/protection_plan.aspx


http://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TermPlan/RTP_reliance_term_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspx

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http://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialTermPlan/RSTP_reliance_special_term_plan.aspx

http://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CreditGuardianPlan/RCGP_reliance_credit_guardian_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspx

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12. Reliance Golden Years Plan Plus

13. Reliance Connect 2 Life plan

Retirement Plans

Invest today in Reliance Retirement Plans and save money to enjoy life even aft

retirement. You will never have to depend on another person or make any compromises to maintain you

current lifestyle. The latest Retirement Plans are as below…

1. Reliance Total Investment Plan Series II – Pension

2. Reliance Golden Years Plan

3. Reliance Golden Years Plan Value

4. Reliance Golden Years Plan Plus


6. Reliance Automatic Investment Plan

7. Reliance Money Guarantee Plan

Child Plans

Save systematically and secure your child’s future needs by investing in Reliance Child Plans. You ca

always be there for your child when he or she needs you. The Childs plans are as below…

1. Reliance Child plan

2. Reliance Secure Child plan


Market Return Plan

Under This plan the investment risk in the investment portfolio is borne by the policyholder.

key features

Twin benefit of market linked return and insurance protection

A unit linked plan, different from traditional life insurance products with maximum maturity age of 8

years.

Option to create your own portfolio depending on your risk appetite.

Choose from four different investment funds

Flexibility to switch between funds

Option to pay regular as well as single premium & top- ups

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Option to package your policy with accidental rider

Flexibility to increase the sum assured

Liquidity through partial withdrawals

How does this plan work

The premium paid by the client net of premium allocation charges is invested in fund/funds of your choic

and units are allocated depending on the price of units for the fund/funds. The fund value is the tot

value of units that you hold in the fund/funds. The mortality charges and policy administration charges ar

deducted through cancellation of units whereas the fund management charge is priced in the unit value.

Benefits

Life cover Assured: in case of unfortunate loss of life, the beneficiary will get sum assured or fund valu

whichever is higher. The client can choose the basic sum assured within the minimum and maximum leve

mentioned below.

Minimum sum Assured:

Regular premium: annualized premium for 5 years or annualized premium for half the policy term

whichever is higher.

Single premium: 125% of the single premium.

Maximum sum Assured

No limit (50000 for age up to 12 years)

Maturity Benefits

On survival to maturity the fund value on maturity will be paid out.

Rider Benefits

The Client can add the Accidental Death & Total and Permanent Disablement Benefit Rider (available on

with the regular premium option).This benefit doubles the life coverage in case of accidental death o

accidental total and

permanent disablement at a very nominal additional cost. The maximum cover is Rs. 50, 00,000 per life.I

case of accidental death of the life assured during the policy term, the accident benefit sum assured will b

paid immediately in a lump sum.In case of accidental total and permanent disablement, 1/10th of th

accident benefit sum assured will be paid at the end of each year for ten years. If the total and permane

disablement has commenced, the accidental death benefit cover ceases.

In case of maturity or on death of the life assured before payment of all installments of accidental total an

permanent disablement benefits, the remaining unpaid installments of any will be paid in one lump sum



along with death or maturity benefit.Accidental total and permanent disablement means disability caused b

bodily injury, which causes permanent inability to perform any occupation or to engage in any activities fo

remuneration or profits. This disability should last for at least 6 months before being eligible for accident

total and permanent disablement benefits.

Accidental total and permanent disablement includes loss of both arms and both legs or one arm and on

leg or of both eyes. Loss of arms or legs means dismemberment by amputation of the entire hand or foo

Loss of eyes means entire and irrecoverable loss of sight.

What are the different fund options.

We understand the value of your hard earned money and in our Endeavour to help you grow your wealt

we offer you 4 different tailor-made investment funds. You have the option to allocate your premium i

these funds as you wish.

They are:

1. Capital Secure Fund:

The investment objective of this fund is to maintain the value of all contributions (net of charges) and a

interest additions. This fund offers steady return for little risk. The risk profile of this fund is low

Investments would be 100% in bank deposits, government bonds and debt instruments that offer financia

security.Further, allocation in Capital Secure Fund for a policy is subject to a maximum limit of 40% at an

time.

2. Balanced Fund:

The investment objective of this fund is to provide you with investment returns, which exceed the rate o

inflation in the long term while maintaining a low probability of negative investment returns. Here, a majo

portion of your funds are invested in Fixed Securities while a small percentage is invested in the equit

market, which is exposed to market movements. The risk profile of this fund is low to medium.Investmen

would be at least 80% in fixed interest securities and maximum 20% in

equities.

3. Growth Fund:

The investment objective of this fund is to provide you with investment returns, which exceed the rate o

inflation in the long term while maintaining a moderate probability of negative investment returns.

greater portion of your funds are invested in fixed securities while a small percentage is invested



the equity market, which exposed to

market movements. The risk profile of this fund is medium to high.Investment would be at least 60%

fixed interest securities and maximum 40% in equities.

4. Equity Fund:

The investment objective of this fund is to provide policyholders with high exposure to equities and th

possibility of investment returns, which generate a high real rate of return in the long term whi

recognizing that there is a significant probability of negative investment returns in the short term. This fun

offers a totally equity based investment

option. Your returns depend entirely upon the performance of the equity market. The risk profile of th

fund is high. The higher risk of this portfolio means that expected returns would also be higher.Investmen

would not exceed 30% in bank deposits and may be up to 100% in equities.

Value of Units:

The market value of assets plus/less expenses incurred

In the purchase/sale of assets plus current assets plus

Any accrued income net of fund management charges

Less current liabilities less provision

Unit Value =

Total number of units on issue (before any new units

are allocated/redeemed.)

Who can Buy the product

Minimum age at entry 30 days

Minimum age at entry65 years

Minimum age at entry 80 years



What is the policy term

Flexible premium payment modes:

Choose from five premium payment modes.

a) Annual – minimum premium is Rs. 10,000.

b) Half – yearly – minimum premium is Rs. 5,000.

c) Quarterly – minimum premium is Rs. 2,500.

d) Monthly – minimum premium is Rs. 1,000.

e) Single premium – minimum premium is Rs. 25,000.

Charges under the plan:

1. Premium allocation charge

For regular premium policies:

Term of the policy as below

Years

5-9

10 - 14

15+

First year

Thereafter

10%

5%

15%

5%

20%

5%

(The premium allocation charge for single premium & top – ups is 2%.)

2.Policy Administration charges:

Rs. 40 will be deducted from your unit account each month.

Minimum policy term 5 years

Minimum policy term 40 years



3. Fund Management Charges:

(The fund management charges will be deducted on a daily basis.)

Unit Linked Funds

Capital Secure

Balanced FundGrowth Fund

Equity Fund

Revision of charges:

Annual Rate

1.50%

1.50%1.75%

1.75%

The fund management charges are subject to revision at any time, but hey will not exceed 2% p.a. for th

capital secure fund and 2.5% p.a. for the other funds.Any changes made to the charges under this polic

will be subject to IRDA approval.

4. Partial Withdrawal Charges:

Rs. 100 per withdrawal will be deducted from your unit account.

5. Switching Charge:

1% of the amount switched, with a maximum of Rs. 1,000/- per switch.

6. Mortality Charges:

The Mortality charges, based on your attained age, are determined using 1/12th of the charges are differen

7. Surrender Charge:

This charge is levied on the unit fund at the time of surrender of the policy as under:



Number of years premiums paid

Less than 1

1

23 and more

8. Service Tax Charge

Surrender charge as percentage of

fund value

100%

50%

20% NIL

This charge will be levied on mortality, accident & disability benefit charges. The level of this charg

will be as per the rate of service tax on risk premium levied by the government from time to time th

correct rate of service tax is 12.36% this charge shall be collected along with charges.

How safe is your investment

The investments made in the unit funds are subject to investment risks associated with capital market

and the NAVs of the units may go up or down based on the performance of the fund and the factor

influencing the capital market, and the insured is responsible for his/her decisions.

The unit price is a reflection of the financial and equity/debt market conditions and can increase o

decrease at any time due to this.

Benefits payable under the policy will be made according o the tax laws and other regulations in force a

that time.

There are no guarantees for any fund of any kind under this policy. The benefit payable on maturity wi

be equal to the value of your units.

The name in the funds in n way indicates the returns derived from them.

Please note that Reliance life Insurance company limited is only the name of the insurance company an

Reliance market return plan is only the name of the unit linked life insurance policy and does not in anywa

indicate the quality of the policy or its future prospects or returns



Free Look Period.

In case the policyholder disagrees with any of the terms and conditions of the policy, he may return th

policy to the company within 15 days of its receipt for cancellation, stating his/her objections in which cas

the company will refund an amount equal to the non allocated premium plus the charges levied b

cancellation of units plus fund value as on the date of receipt of the request in writing for cancellation, les

the proportionate premium for the period the company has been on risk and the expenses incurred by th

company medical examination and stamp duty charges. If the risk acceptance date falls within cooling o

period, then on cancellation RLIC shall pay fund value less of charges.



Reliance mutual fund

The Concept of Mutual Fund

A mutual fund is a common pool of money into which investors place their contributions that are to b

invested in accordance with a stated objective. The ownership of the fund is thus ‘joint’ and ‘mutual’; th

fund belongs to all investors

Reliance Mutual Fund

Reliance Mutual Fund (RMF), a part of the Reliance - Anil Dhirubhai Ambani Group, is India's leadin

Mutual Fund, with average Assets under Management of Rs. 90,813 crores for the month of June 2008, an

an investor base of over 6.7 million. Reliance Mutual Fund offers investors a well rounded portfolio o

products to meet varying investor requirements. Reliance Mutual Fund has a presence in 300 cities acros

the country and constantly endeavors to launch innovative products and customer service initiatives t

increase value to investors. Reliance Mutual Fund schemes are managed by Reliance Capital Ass

Management Ltd., a wholly owned subsidiary of Reliance Capital Ltd.



Types of Mutual Funds on the Basis of Risk Vs Returns

Sector Funds

Diversified equity funds

Balanced Funds

MIPs

Glit funds

Income Funds

RETURNS

FloatersMoney Market Funds

RISK



Frequently used term in Mutual Funds

Net Asset Value (NAV)

Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV

the net asset value of the scheme divided by the number of units outstanding on the Valuatio

Date.

Sale Price

Is the price you pay when you invest in a scheme. Also called Offer Price. It may include a sales load.

Repurchase Price

Is the price at which a close-ended scheme repurchases its units and it may include a back-end load. This i

also called Bid Price

Redemption Price

Is the price at which open-ended schemes repurchase their units and close-ended schemes redeem the

units on maturity? Such prices are NAV related.

Sales Load

Is a charge collected by a scheme when it sells the units. Also called, ‘Front-end’ load. Schemes that do no

charge a load are called ‘No Load’ schemes

Repurchase or ‘Back-end’ Load

Is a charge collected by a scheme when it buys back the units from the unit holders.



Types of Reliance Mutual Funds

1. Reliance Growth Fund

2. Reliance Vision Fund

3. Reliance Banking Fund

4. Reliance Diversified Power Sector Fund

5. Reliance Pharma Fund

6. Reliance Media & Entertainment Fund

7. Reliance NRI Equity Fund

8. Reliance Equity opportunities Fund

9. Reliance Index Fund

10. Reliance Tax Saver (ELSS) Fund

11. Reliance Equity Fund

12. Reliance Long Term Equity Fund13. Reliance Regular Saving Fund



The key term in mutual funds

Dividend Policy: Dividend will be distributed from the available distributable surplus after the deductio

of the divided distribution surplus after the deduction of the dividend distribution tax and the applicab

surcharge, if any. The mutual fund is not guaranteeing or assuring any dividend. Pease read the off

document for details. Further payment of

all the dividends shall be in compliance with SEBI circular No. SEBI/IMD/CIR No. 1/64057/06 date

4/4/06.

Applicable NAV : Sale of units by reliance mutual fund: in respect of valid application

received up to 3 p.m. by the mutual fund alongwith a local cheque or a demand draft payable at par at th

place where the application isreceived, the closing NAV of the day on which application is received sha

be applicable.

Repurchase including Switch-out: in respect of valid applications received upto 3 pm by the mutual fun

same day’s closing NAV shall be applicable. In respect of valid applications received after 3 p.m. by th

mutual fund, the closing NAV of the next business day shall be applicable.

Daily net Asset Value(NAV) publication: the NAV will be declared on all working days and will b

published in 2 newspaper. NAV can also be viewed on

www.reliancemutualfund.com and www.amfiindia.com .

Tax Benefits to the mutual fund: Reliance Mutual Fund is a Mutual fund

registered with the securities & exchange board of India and hence the entire income of the mutual fun

will be exempt from income tax in accordance with the provisions of section 10(23D) of the income tax ac

1961. The mutual fund will receive all income without any deduction of tax at source under the provision

of section 196(iv) of the act.

An exemption has been granted under the finance (No.2) act, 2004 to open ended equity oriented mutua

funds from paying distribution tax on income distributed without any time limit, effective from 1 Apr

2004.

http://www.reliancemutualfund.com/



http://www.amfiindia.com/









Name of Transaction Payable by Rate of TaxPurchase and sale of equityshares or units of equityoriented mutual funds on arecognized stock exchangeon delivery basis

Both purchaser as well asseller

0.125%

Sale on stock exchange of equity shares or units of equity oriented mutualfunds on non- delivery basis

Seller 0.025%

sale of derivativesreorganized stock exchange

Seller 0.017%

Sale of units of equityoriented mutual funds to themutual fund

Seller 0.25%

There are two types of investment in Mutual Funds.

Lump Sum

Systematic Investment Plan(SIP)

Lump sum: In Lump sum the investment is only one times that is of Rs. 5,000. and if the investment

monthly then the investment will be 6,000/-.

Systematic Investment Plan(SIP) :

We have already mentioned about SIPs in brief in the previous pages but now going into details, we wi

see how the power of compounding could benefit us. In such case, every small amounts invested regularl

can grow substantially. SIP gives a clear picture of how an early and regular investment can help th

investor in wealth creation. Due to its

unlimited advantages SIP could be redefined as “a methodology of fund investing regularly

benefit regularly from the stock market volatility. In the later sections we will see how returns generate

from some of the SIPs have outperformed their benchmark. But before moving on to that lets have a look a

some of the top performing SIPs and

their return for 1 year:



Scheme Amount NAV NAV date Total Amount

Reliancediversified

powersector retail

1000 62.74 30/5/2008 14524.07

Reliance regular

savings equity1000 22.208 30/5/2008 13584.944

principal global

opportunities fund1000 18.86 30/5/2008 14247.728

DWS investment

opportunities fund1000 35.31 30/5/2008 13791.157

BOB growth fund 1000 42.14 30/5/2008 13769.152

In the above chart, we can see how if we start investing Rs.1000 per month then what return we’ll get fo

the total investment of Rs. 12000. There is reliance diversified power sector retail giving the maximum

returns of Rs. 2524.07 per year which comes to 21% roughly. Next we can see if anybody would hav

undertaken the SIP in Principal would have got returns of app. 18%. We can see relianc

regular savings equity, DWS investment opportunities and BOB growth fund giving returns of 13.20%

14.92%, and 14.74% respectively which is greater than any other monthly investment options. Thus we ca

easily make out how SIP is beneficial for us. Its hassle free, it forces the investors

to save and get them into the habit of saving. Also paying a small amount of Rs. 1000 is easy an

convenient for them, thus putting no pressure on their pockets.Now we will analyze some of the equity fun

SIP s of Birla Sunlife with BSE 200 and bank fixed deposits In a tabular format as well as graphical.

Exposure of Mutual Funds Companies in India

The concept of mutual funds in India dates back to the year 1963. The era between 1963 and 1987 markethe existence of only one mutual fund company in India with Rs. 67bn assets under management (AUM

by the end of its monopoly era, the Unit Trust of India (UTI). By the end of the 80s decade, few othemutual fund companies in India took their position in mutual fund market.The new entries of mutual funcompanies in India were SBI Mutual Fund, Canbank Mutual Fund, Punjab National Bank Mutual FunIndian Bank Mutual Fund, Bank of India Mutual Fund.The succeeding decade showed a new horizon iIndian mutual fund industry. By the end of 1993, the total AUM of the industry was Rs. 470.04 bn. Th private sector funds started penetrating the fund families. In the same year the first Mutual Fund regulationcame into existence with re-registering all mutual funds except UTI. The regulations were further given revised shape in 1996.Kothari Pioneer was the first private sector mutual fund company in India which hanow merged with Franklin Templeton. Just after ten years with private sector players penetration, the totaassets rose up to Rs. 1218.05 bn. Today there are 33 mutual fund companies in India in which some are a below.



ABN AMRO Mutual Funds

Birla Sun life mutual Funds

Bank of Baroda Mutual Fund

HDFC Mutual Fund

HSBC Mutual Fund

ING Vysya Mutual Fund

Prudential ICICI Mutual Fund

Sahara Mutual Fund

State Bank of India Mutual Fund

Tata Mutual Fund (TMF)

Kotak Mahindra Asset Management Company (KMAMC)

UTI Asset Management Company Private Limited

Reliance Mutual Fund (RMF)

Standard Chartered Mutual Fund

Escorts Mutual Fund

Alliance Capital Mutual Fund

Benchmark Mutual Fund

Canbank Mutual Fund

Chola Mutual Fund

LIC Mutual Fund

GIC Mutual Fund



Working of a Mutual Fund

Terms and conditions

This facility offered only to the investors having bank accounts in selected cities which are specific

the form of the SIP.

Submit the following document at least 21 working days before the first SIP date for ECS (Electroni

clearing Service).

The first SIP cheque should be issued from the same bank account which is to be debited under ECS fo

subsequent installments.

The bank account provided for ECS (Debit) should participate in local MICR clearing.

SIP auto debit facility is available only on specific dates of the month i.e. 2nd or 10th or 18th or 28th.

The investor agrees to abide by the terms and conditions of ECS facility of Reserve ban

of India.

An investor can opt for monthly or quarterly frequency.

Only one SIP per month or per quarter is permitted per folio/account.



Minimum investment amount – monthly SIP option – 60 installments of Rs. 100/- each or 12

installment or Rs. 500/- each or 6 installments of Rs. 1000/- each and in multiples of Re.1/-

thereafter.

The gap between the 1st cheque/ installment & the 2nd cheque / installment should be at least

21working days. However subsequent cheques should have a gap of at least a month or a quarter

depending upon the frequency chosen.

Advantages of Mutual Funds

Diversification: The best mutual funds design their portfolios so individual

investments will react differently to the same economic conditions. For example, economic

conditions like a rise in interest rates may cause certain securities in a diversified portfolio to

decrease in value. Other securities in the portfolio will respond to the same economic conditions by increasing in value. When a portfolio is balanced in this way, the value of the overall portfolio

should gradually increase over time, even if some securities lose value.

Professional Management: Most mutual funds pay topflight professionals to

manage their investments. These managers decide what securities the fund will buy and sell.

Regulatory oversight: Mutual funds are subject to many government regulations that protect

investors from fraud.

Liquidity: It's easy to get your money out of a mutual fund. Write a check, make a call, and

you've got the cash.

Convenience: You can usually buy mutual fund shares by mail, phone, or over the Internet.

Low cost: Mutual fund expenses are often no more than 1.5 percent of your investment.

Expenses for Index Funds are less than that, because index funds are not actively managed.

Instead, they automatically buy stock in companies that are listed on a specific index

Transparency

Flexibility

Choice of schemes

Tax benefits

Well regulated



Drawbacks of Mutual Funds

Mutual funds have their drawbacks and may not be for everyone:

No Guarantees: No investment is risk free. If the entire stock market declines in value, the

value of mutual fund shares will go down as well, no matter how balanced the portfolio.

Investors encounter fewer risks when they invest in mutual funds than when they buy and sell

stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing

money.

Fees and commissions: All funds charge administrative fees to cover their day-to-day

expenses. Some funds also charge sales commissions or "loads" to compensate

brokers, financial consultants, or financial planners. Even if you don't use a broker or other

financial adviser, you will pay a sales commission if you buy shares in a Load Fund.

Taxes: During a typical year, most actively managed mutual funds sell anywhere from 20 to

70 percent of the securities in their portfolios. If your fund makes a profit on its sales, you will

pay taxes on the income you receive, even if you reinvest the money you made.

Management risk : When you invest in a mutual fund, you depend on the fund's manager to

make the right decisions regarding the fund's portfolio. If the manager does not perform as well

as you had hoped, you might not make as much money on your investment as you expected. Of

course, if you invest in Index Funds, you forego management risk, because these funds do not

employ managers



MARKET ANALYSIS

Markets

In tune with the global stock markets that began to recover from the second half of 2003; Indian

stock markets too witnessed rapid growth. India’s two leading indices, the most popular BSE

Sensex, and the one most used by the markets the National Stock Exchanges’ S&P

CNX Nifty rose to record levels. Both primary and secondary market activity experienced sharp

surge. Much progress was made in further strengthening and streamlining risk management,

market regulation and supervision. A few aspects of the major developments in the India’s stock

markets are described below.

And the insurance sector is also play an important role in the growth of the financial market.

Market Structure

Indian securities market is fairly large as compared to several other emerging markets. There are

22 stock exchanges in the country, though the entire liquidity is shared between

the countries’s two national level exchanges namely, the National Stock Exchange of

India and the Bombay Stock Exchange Ltd. The regional stock exchanges are in pursuit of

business models that make them viable and vibrant. Meanwhile, these exchanges have become

members of the national level exchanges through formation of subsidiaries whose business is

showing continuous growth and progress.The number of brokers in various stock exchanges rose

from 6,711 in 1994-95 to 9,335 in FY06. The number of brokers in all the exchanges together peaked to 10,213 in the year FY01 but gradually declined thereafter when the regional stock

exchanges began to lose business in the light of wide ranging market structure reforms

introduced since then.

In FY01, when the markets were in upswing, several regional stock exchanges were generating

business owing to the availability of deferral products, such Badla and different

settlement calendars prevailing at that time in these exchanges. For instance in FY01, the Delhi

Stock Exchange registered cash market turnover of Rs 838.71 bn; Uttar Pradesh Stock Exchange,

Rs 247.47 bn, Ludhiana Stock Exchange Rs 97.32 bn, Pune Stock Exchange Rs 61.71 bn as

against Rs 13,395.11 bn of the turnover at the National Stock Exchange and Rs 10,000.32 bn

turnover at the Bombay Stock Exchange. With the abolition of the deferral products and

introduction of uniform T+2 settlement cycle, the liquidity in these exchanges flowed to the

national level system consisting of NSE and BSE.



Major Player in the Insurance Sector

There are many reputed companies in the market which provide the Insurance for living being

and non living beings.

The companies in life Insurance are as follows.

Life Insurer in Public Sector

Life Insurance Corporation of India

Life Insurer in Private Sector

Reliance life Insurance Company Limited

ICICI Prudential Life Insurance

Bajaj Allianz Life Insurance

Tata AIG Life Insurance corporation Limited

HDFC Standard Life Insurance

Birla Sun Life Insurance

SBI Life Insurance

Kotak Mahindra old Mutual Life Insurance

Aviva Life Insurance

MetLife India Life Insurance

ING Vysya Life Insurance

Max New York Life Insurance

Shriram Life Insurance

Bharti AXA Life Insurance Co. Limited

IDBI Forties Life Insurance Co. Limited

Argon Religare Life Insurance Co. Limited

Major Broking house

During the analysis of the market it has been found that there are a lot of the brokeing house in

the market which are providing the online trading facility to the individuals or the group of the

individuals.



5paisa.com

You can now buy and sell shares on 5paisa.com with speeds comparable and at times better than

NSE's NEAT Terminal. This speed and reliability comes only with perseverance of

pioneer backed by huge investment in technology! You can now buy and sell shares on

5paisa.com with speeds comparable and at times better than NSE's NEAT

Terminal. This speed and reliability comes only with perseverance of pioneer backed by huge

investment in technology.

Advani Share Brokers

Advani Share Broker, a reputed Bombay based on investment house, operates from India's

financial hub, Dalal Street, since sixty years. It deals in equities,debt and derivatives on the

Bombay Stock Exchange and the National Stock Exchange of India.

AGROY Group of Companies

Agroy group of companies is a well established name in the field of capital markets and financial

services. AGROY Finance & Investment Ltd. (AFIL) is the group's flagship company engaged in

capital markets as a premier financial and stock broking house. The company was formed in July

1992. Since then it has enjoyed patronage of a large number of valued customers and business

partners.

Anand Rathi Securities Limited

Anand Rathi Securities Limited provides financial and advisory services including wealth

management, investment banking, corporate advisory,brokerage & distribution of equities,

commodities,mutual funds and insurance - all of which are supported by powerful research

teams.

India bulls

India bulls is India's leading retail financial services company with 70 locations spread across 62

cities. While our size and strong balance sheet allow us to provide you with varied products and

services at very attractive prices, our over 450 Client Relationship

Managers are dedicated to serving your unique needs.



Religare Securities Ltd.

Religare Enterprises Limited (A Ranbaxy Promoter Group Company) through Religare Securities

Limited,Religare Finvest Limited, Religare Commodities Limitedand Religare Insurance

Advisory Services Limited provides integrated financial solutions to its corporate, retail and

wealth management clients. Provides various financial services which include Investment

Banking, Corporate Finance, Portfolio Management Services, Equity & Commodity Broking,

Insurance and Mutual Funds.

Jaypee Capital Services Ltd.

Jaypee Capital Services Ltd. is a registered self-clearing member with National Stock Exchange

and SEBI. It has the expertise and the experience to capitalize on daily stock movements and

employ over 20 specialist traders certified by the NSE.

ICICI Direct

Online share and mutual funds trading facility by the ICICI group.

Arcade Share & Stock Brokers

Arcadia group began its modest journey in 1995 and now Arcadia proudly boasts about

membership to NSE,BSE, Depository Participant(CDSL),MCX,NCDEX.The philosophy of

client servicing backed by all principal Indian Stock and Commodity exchange gives Arcadia

edge over other players in the industry segment to offer value based services to its customers.

Indianstockmarket.net

Indianstockmarket.net is an effort to educate Indian investor by providing useful stock news,

stock market websites, informative articles, resources to various investment guides.



Major Developments in equity brokerage industry in India

Corporate memberships

Wider product offerings

Greater reliance on research

Accessing equity capital markets

Foreign collaborations and joint ventures

Specialized services/niche broking

Online broking

Emerging challenges and outlook for the brokerage industry

Fragmentation

Global Opportunities

Competition from foreign firms

Investor Protection



Recommendation

The most vital problem spotted is of ignorance. Investors should be made aware of the

benefits. Nobody will invest until and unless he is fully convinced. Investors should be made torealize that ignorance is no longer bliss and what they are losing by not investing.

Mutual funds offer a lot of benefit which no other single option could offer. But most of

the people are not even aware of what actually a mutual fund is? They only see it as just another

investment option. So the advisors should try to change their mindsets. The advisors should

target for more and more young investors.

Young investors as well as persons at the height of their career would like to go for

advisors due to lack of expertise and time.

The advisors may try to highlight some of the value added benefits of Mutual funds such

as tax benefit, rupee cost averaging, and systematic transfer plan, rebalancing etc. these benefits

are not offered by other options single-handedly. So these are enough to drive the investors

towards mutual funds. Investors could also try to increase the spectrum of services offered.

Now the most important reason for not availing the services of advisors was spotted was

being expensive. The advisors should try to charge a nominal fee at the beginning. But if not

possible then they could go for offering more services and benefits at the existing rate. They

should also maintain their decency and follow the code of ethics so that the investors could trustupon them. Thus the advisors should try to attract more and more persons and turn them into

investors and finally their clients.

conclusion

With the globalize economy and immense competition among countries for faster



development of their respective economies, the significance of Insurance, Mutual Funds and

Foreign investment has taken manifold. With a buoyant vibrant and experienced stock market,

India today is looking ahead tosurpass China in terms of foreign Investment and growth

prospects. Stock exchange being the barometer of the economy plays a vital role in showcasing

growth of an economy and luring investment. While studying the role of Insurance, Mutual fund

and FIIs in Stock Market, I discussed with a few persons who are into stock broking business.

And the information they have provided shows that though the investment and participation of

domestic investors are rising, still, they have not been able to prove themselves to be as

influential as Insurance, mutual funds and FIIs.

Importance and the role of Insurance, Mutual funds and FIIs play in the Indian stock market can

be seen from the fact that the recent surge in Sensex and NIFTY is attributed to the active

participation of FIIs in the Stock Market. Despite being aware of the Asian economic crisis

where FIIs role was of a major concern, the importance of foreign capital in the development of

economy can not be undermined in anyway.



bibliography

By the Help of Manuals

• Reliance Money Report of 2008 & Internet.

By the help of Other Sources

• By the head’s and the consultant of the Reliance Money.

By the help of Websites

1. www. IRDAIndia.org.

2. www.Reliancemoney.com

3. www.insure2bsecure.com

4. www.google.com

5. www. Wikkipedia.com

http://www.reliancemoney.com/

http://www.reliancemoney.com/

Fincial Report

Documents

Transcript of Fincial Report