General Training Report Initial

8/6/2019 General Training Report Initial

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Table Of Contents

Sr.

No TopicPage

No.

1

About Sushil Finance Pvt. Ltd1

2

About Chirag Share and Stock broking Pvt. Ltd3

3

Vision, Mission and Objectives4

4

Products and Services of Chirag Share5

5

Company Hierarchy System8

6

Various Departments within the company10

7

Human Resource Management13

8Marketing Management

17

9

Production Management20

10

Finance Management21

11

Current Status of the Firm and Its Working21


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About Sushil Finance Services Private Ltd

Introduction

Sushil Finance Services Private Ltd was established in 1982 as a Proprietary Concern

with focus on underwriting and marketing IPOs . The Company acquired membership

of the Stock Exchange, Mumbai in 1982. In the year 1986, the company started its

Secondary Market Division, and got itself empanelled on various Financial Institutions

viz. UTI, Canara bank Mutual Fund and the like. As on date the company is empanelled

with more than 40 Financial Institutions / Banks. In the year 1998, the BSE membership

was corporatized. It has evolved into a major brokerage house under the leadership of

Mr. Sushil Shah, the founder and driving force of the organization.

History of the Organization

1982 - 1986: The company developed a niche, in underwriting & marketing IPO's and

in a short time achieved a rank among the top 5 Brokers in the field. The company also

earned a reputation by mobilizing subscription through NRI's / PIO's and the company

was also among the first to reach out to various Gulf countries to promote investment

opportunities in India and to elucidate RBI guidelines with a view to make India a

preferred investment destination, such that Sushil Finance became a synonym for trust

with regards to Capital Market Investments.

1986 - 1992: Gauging the need of investors / sub-brokers, the company commenced

secondary market activities whereby it achieved recognition as an 'Investor - Friendly'

Broker. Further, it attained highest reputation amongst investors that can be attributed

to utilization of various in-house developed software and latest technologies for value

addition to investors. This activity gained momentum and forms an integral part of the

business even today.

1992 - 1996: Again a plethora of public issues flooded the market. During this period,

the company brought to play its expertise in marketing large number of Public Issues

hitting the Capital Market. In the year 1994 the company's associate Sushil Financial


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Services Private Limited acquired membership on the National Stock Exchange of India

Ltd (NSE) for Capital & Wholesale Debt market segments.

1996 - 2004: This period witnessed the spread of the Stock Market Trading System.

Moving in tandem with the development at the Stock Exchanges, the company

developed its sub-broker network across the country using VSAT / leased lines, etc. Net

Trading was also enabled during this period & also commenced Commodities Trading.

2004 - Till date: It now provides a wide range of Financial Services which are Online

Trading, Stock Broking, Commodity Trading, Portfolio Management, IPO, Depository

Services, Mutual Fund Management, NRI Services & Investment Advisory.

Group Companies: SFSPL serve the needs of investors through its Group of Companies


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Chirag Investments is Surats leading investment consulting & share broking firm since

1987. Mr. Arvindbhai K. Shah founded the company. Chirag Investments started as a

sole proprietary firm & was later converted into a corporate body Chirag Share &

Stock Broking Pvt. Ltd.

The company is a SEBI registered sub-broker for NSE & BSE Secondary market

operations. The company is affiliated with Sushil Financial Services Pvt.Ltd (SFCL), and

Sushil Stockbroker Pvt. Ltd., (SSPL) Mumbai.

The major services offered by the Company include investment and trading in stockmarket, Portfolio Management, commodity trading, and investment consulting services.

Principals of the Company

SFCL is member of BSE since 1982 & NSE from 1994. They are member in Cash, WDM &

Derivatives segments. They are having expertise in EQUITY RESEARCH & COMPANY

FUNDAMENTAL RESEARCH especially. They are having highly qualified & experienced

team for technical Analysis, to provide valuable investment option for the different typeof investors. Sushil group of companies have a strong base of clients from a wide cross

section of the investor community. They are one of the most preferred Brokers for NRI.

The group Pioneers in Marketing of IPOs, Mutual Funds, Bonds.

Contacts


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Corporate office : 106, B-wing, Tirupati plaza, Athawa Gate, Surat -1

Branch office : 204,sheetalbhojabhai Sheri, Mahidharpura Surat -3

Contact No. : +91 261 2464440 , +91 261 3014444

Website : www.susilfinance.com

Email Id : [email protected]

Vision, Mission and Objectives

Vision

To be an ideal investor hub across the country for increasing the investors wealth

.

Mission

Increase investors wealth by providing the Best services & knowledge through our

transparent, trustworthy & investor friendly approach.

Objectives of Chirag Investment

The company aims to provide advisory services to its clients regarding investments, savings &

insurance in order to manage their clients funds successfully. The company aims to satisfy

financial needs of their clients and to provide effective returns on their investments in order to

maximize their wealth.

Milestones - Achievements

More than 5,000 Trading Accounts

4,000 Demat Accounts

17 Franchisee In South Gujarat

1,200 Clients Into Mutual Fund

Most Active Accounts - Award from SFCL in the Year 2007.

Highest E-Trading Accounts Award From SFCL In The Year Of 2009.

Highest PMS Corpus In 2009

Top 10 IMF (Mutual Fund) Across Surat


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Products and Services of Chirag Share

Continuous Research Support is available from to CSSPL (Chirag Investment) from its

Principal Brokers in the form of a variety of research products to facilitate sound

investments.

Products

The company has research support of 25 PRODUCTS for the INVESTMENT & TRADING.

These products are generated on a DAILY, WEEKLY, PERIODICAL Basis.

The research products include the following:

Early Signal, Value Picks, Jotha Pathak, Kal ke Liye, Khaane Ke Baad, Jara

Sambhalke, Techno Funda Open Recommendations, Portfolio Track, Daily

Bullets, Visual Aid, Sushil Bonanza etc.

All the different products are tailored to meet the requirement of different class of

Investors. All Research products guide investors to reap Opportunities.

Services provided by the company.

Equity Trading

E Trading

Commodity / Currency Trading

Mutual Funds

Depository Services

IPO

Insurance

Portfolio Management Services (PMS)

Fix Deposit and Bonds

Franchisee Development


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Equity Trading

CSSPL provides excellent environment and services for equity trader whether he is an

investor or a day trader. One can access and avail the benefits of over 25 research

products from day trading to long terms Investment calls which will help to create

wealth in any market conditions.

E- Trading

Chirag Share provides a service called Savashare on www.savashare.in- India's

premium online trading platform. It offers simple pricing, quality order execution,

outstanding tools.

Savashare is a swift, simple and secure online trading mechanism. It aims to leverage

the power of the internet to give you the facility of placing your own orders anywhere,

anytime.

Based on trading pattern and preferences, client has an option to choose from two

powerful trading accounts:

Swift Trade which is Web Based (Html), with no basic cost, accessible from any

corner of the world.

Power Trade which is software (exe) based, requiring a life time deposit of Rs. 500/-

which is refundable if brokerage in online trading exceeds Rs. 1000/-, accessible on

a particular pc where it is installed.

In online trade one can view online asset report, trade report, cash balance, technical

charts of scripts and many more things by login. Further the brokerage is less in online

trading. Online trading has all the benefits one can have, by trading through ODIN.

Type Of Trade Offline or dealer- through Trading Online Trading

Delivery Based 0.40 paisa per Rs 100/- 0.30 paisa per Rs 100/-

Intraday 0.04 paisa per Rs 100/- 0.03 paisa per Rs 100/-

Derivative Trading


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Derivatives (Futures & Options) are ideal instruments to protect your portfolio against

risk. One can trade with index movements, hedge and leverage ones portfolio by

limiting risk but keeping ones upside unlimited. CCSPL provides one of the best views

on how to trade in this segment.

Commodity Trading

Investors looking for a fast-paced dynamic market with excellent liquidity can now

trade in Commodity Market.

Investment Advisory

Sushil has a team of qualified, trained and experienced investment advisors who have

in-depth knowledge of the financial markets mainly of Equities.

Currency Derivatives

Forex, being the worlds largest and the fastest growing industry in the fields of financial

services is now available at Sushil finance. There are several currency pairs which are

available for trading such as USD-INR / EUR INR / POUND INR / YEN INR.

Corporates, institutions, HNI, retail investors and traders can all participate and try to

capitalize the opportunities this segment offers. Currency derivates is also an efficient

and an alternative platform for exporters and importers to hedge their currency

fluctuation risk on the exchange futures platform.

Mutual Funds

Mutual Funds are a group of funds managed under one umbrella. The most basic fund

family would include a stock, bond and money market-portfolio, although many funds

have variants like sector funds, balanced funds.

NRI Services

A NRI can operate either on NRE (Repatriable) or on NRO (Non Repatriable) or on both

NRE & NRO status.

Depository Services


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Depository Services offered by Sushil Finance are Dematerialization of shares, Re-

materialization, Pledging of securities, Transfer of shares, Right issue, IPO, Statement of

Transaction & Electronic Access to Securities Information.

Portfolio Management Services - PMS

Portfolio Management Services is a customized wealth management solution for

investors seeking to enjoy flavor of equity as an asset class with a long term investment

objective. Portfolio Management Services (PMS) is an ideal vehicle for wealth creation

with the help of expert knowledge of focused fund managers blended with a customized

approach towards equity investments depending upon individuals risk appetite and

investment preferences.


Chirag share is master franchisee of Sushil Finance in South Gujarat, which is authorized

by Sushil Finance for the development of Franchisee in South Gujarat. It started

working in this segment in the year of 2007. Currently, CSSPL has about 17 Active

Franchisee under its own branch. CCSPL offers an enhanced level of services to build

and sustain long term relationships with its business associates. This enables it to

respond proficiently and pro-actively to their changing needs.

Company Hierarchy System


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The Company Hierarchy system starts with the founder of the company, Mr. Arvindbhai

Shah at the top, followed by the CEO of Company Mr. Chirag Shah, son of the founder.

Next come the functional divisions which include:

Divisions Divisional Head

Equity and Dealing Mr. Mitesh Jariwala

Mutual Fund, IPO, Insurance Mr. Manish Dudhwala

Back Office Mrs. Hiral Shah

Equity and Dealing is further bifurcated into Equity Dealing and team leaders,

Commodity and currency dealing, and Technical Department.

Under Equity and Team leaders there are 3 team leaders:

Under Commodity and Currency Dealing two persons are in-charge:

1.) Mr. Rajesh Patel

2.) Mr. Sameer Vasa


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The entire Equity and Dealing room is under the control of GM, Mr. Mitesh Jariwala.

MF/IPO/Insurance is further bifurcated into MF Executives which include Mr.

Dinesh Salunke and Mr. Nitin Surti, and Back Office Team. Company recently added

Insurance, LIC, to its portfolio which is handled by the divisions divisional head, Mr.

Manish Dudhwala.

Next is the Master Franchisee Development and Customer Care Division handled by

Mr. Sachin Pawar, a DBIM evening batch pass out student. The division includes Mr.

Sachin Pawar, Mrs. Divya Karimbath, and Mrs. Nima Gandhi. This division also handles

the marketing activities and is divided into mktg. executives and back office assistants.

Last is the Back Office Division, being handled by Mrs. Hiral K Shah. This division is

includes:

1. Mrs. Hiral K Shah

2. Sagufta Shaikh

3. Nima Gandhi

4. Ashok Kadam

5. Sushil Patel

6. Hitendra Patel

Companys Departmental Introduction Departmentalization

The departmentalization of the company is done on a functional basis. Thus on the

departments are formed on the basis of various functions:

Various Departments within the company

FINANCIAL SERVICES

DEALING

BACK OFFICE

FRANCHISEE DELVELOPMENT

CUSTOMER CARE


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Financial Services

This department performs activities related to financial services like dematerialization,

demat and/or trading account depository services, margin funding, IPO/Mutual

Funds/Insurance, PMS, Equity trading, E- Trading, Commodity and Currency Trading,

Company Fixed Deposits and Bonds etc.

Dealing

This department performs activities of Equity Dealing, Currency and Commodity

Dealing, Gold and Bullion Dealing, IPO and Mutual (SIP) Dealing, Derivatives Dealing.

Back Office Division

The back office division is concerned with accounting and operational activities,

confirming trades of all clients, receiving files from parent broker, balance tallying,

funds and stocks transfers, managing auctions, printing contract notes and statement of

holdings, managing IPOs subscription of clients, depository services, Its work picks up

after the market closes after 3.30 p.m.

The Back Office division includes the following functions:

Risk Management System

Here every client is given an intra-day limit of trading up to 70% of his total liquid

money. This RMS calculation is given by the principal broker, Sushil Finance.

Work Profile of RMS

It includes: Limit System, Payment Collection and Entries, Different type of Reports

uploading like Mercantile, Ageing, Margin Summery etc, Brokerage Structure, Different

Charges and Taxes in Bill/Contract, Hold Stock System and Charges, 7 day square off.

Accounts

This includes: opening trading and demat accounts, handling the fund-stock transfer-

pay-in-pay-out-auctions and still other queries of different accounts.

Courier


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Courier services are required to dispatch the statement of holdings-ledger-contract

notes to each client.

Customer Care

This includes handling customer (client) queries, calling the clients in case of inactive

demat or trading account etc. It also includes marketing & allied activities.

Work Profile of Customer Care Division

It includes calling for client reactivation, handling online trading, daily SMS service,

daily e-mail service, updating the website, calling for new registrations, client care.

DP

Depository Services offered by CSSPL are Dematerialization of shares, Re-

materialization, Pledging of securities, Transfer of shares, Right issue, IPO, Statement of

Transaction & Electronic Access to Securities Information.

Work Profile of DP Division

It includes:

New Accounts Opening [Types Of Accounts (Individual, Currency, Commodity, Demat,

LAS, Partnership, Corporate, HUF, NRI, PMS)], Different Schemes For Demat Account

Opening, Knowledge Of Agreements And Charges, Handling Pay-In Pay-Out, Collateral

System,Registration Process And Formalities After Registration, Modification Process,

DRF Work (Physical Share Demat), Renew Accounts Calling, Client Queries Regarding

Stock, Physical Share And Registration Process.

Office- Assistance

Office Assistant includes the peons and persons concerned with dispatch work, pantry

work, cleansing activities and other miscellaneous activities.

Work Profile of Office Assistance Division

It includes:

Daily Courier Dispatch, Daily Courier Receipt, Cheque Deposit, Payment to Clients,

Handle Reception Area, Attend walk-in Clients and Incoming Calls, CleaningAll Office,


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Office - Outside Work, ONGC Visit and Collection, Ledger, Stock detail and Bills

Printing/Distribution.


Chirag share is authorized bySushil Finance, for the development of Franchisee into

South Gujarat. One can become Franchisee partner in 3 ways:

Channel Partners- having their own office, assets etc

Introducing Partners

Standing Partners- sharing the office and assets of CSSPL

One can own a franchisee and become a partner by paying Rs. 75000/- for a single cash

segment, and Rs. 1, 50,000/- for all the segments including NSE Cash, BSE Cash and NSE

F&O, and some processing and renewals charges. All one needs to be a franchisee is a

certification of NCFM CAPITAL MARKET DEALERs MODULE from NCFM for NSE Cash

Segment and NSE Equity Derivatives Dealers Module.

Marketing and Customer Care

This includes handling customer (client) queries, telecalling clients in case of inactive

demat or trading account etc. It also includes marketing & allied activities like

telecalling clients, sms services, e-mailing clients.

Work Profile of Customer Care Division

It includes:

Tele Calling for Client Reactivation, Handling Online Trading, Daily SMS Service, Daily

E-mail Service, Site Updation, Tele Calling for new Registration, Client Care

Human Resource Management

The company, CSSPL, runs with a staff of 30 people located at 2 different branches:

One at Tirupati Plaza, Athwagate and the other at Mahidharpura.

The companys HR Policy is as follows:

Employment


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employee performance is found unsatisfactory during the probation period, they can be

terminated by the organization, any time during or on expiry of said period.

During this period, concerned senior will typically review employees performance on

completion of probation period. During first three months of employment, employee isnot eligible for sick or vacation pay, and they will not be granted a leave of absence.

Leave/Holidays

Employees are entitled to get weekly off and gazetted holidays observed by the

organization in a Calendar year. Employee will get 10 leaves during the whole year.

Employee will inform in two days before, by Leave Application form in writing for

getting leave. Balanced leaves would be encashed in salary at the end of calendar year.

Termination Period

In case of Permanent job, employees have the right to terminate their employment at

any time, for any reason with 30 days notice period but Organization can also terminate

the employment with 30 days notice period, but in case of misconducts done by

employees, company can terminate employee with cause and without notice, and they

will be relieved subject to This Handbook does not constitute a contract between the

Organization and the employee. All policy statements, procedures, manuals ordocuments as well as statements by an employee or representative shall not in any way

modify this at will status.

BreakIn Service

If employee terminates prior to one year of regular employment, no service will be

credited.

If they return to regular employment at a later date, prior service will be credited if they

return to regular employment within one calendar year of the prior date of termination.

Personal Life

Every person owns his or her private life. The firm respects employees personal life

and problems but they have to ensure that they do not spend unreasonable time in

carrying out activities of purely personal matter. Firm will try to extend all possible


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assistance in case of personal exigency. Please do not hesitate to approach concerned

head. Employee welfare is of firms concern.

Regular Working Hours

The normal hours of work for offices are 09:00 a.m. to 06:00 p.m.; however, there are

some departments whose work day may begin end at different timings. All offices are

expected to be staffed during office hours.

The normal work schedule is 9-hour day and a half an hour for lunch. Employees may

be required to work beyond their regular schedules, depending upon the needs of their

department.

A 15-minute rest period or coffee break is allowed to administrative employees in the

morning. There must be adequate coverage of the phones and the office at break times.

Overtime

In our organization no over time is encouraged. If at all it required overtime work must

have the prior approval of concerned senior.

Employee will be paid for any hours worked beyond their normal workweek schedule

up to 25 hours at their normal hourly rate. If they work beyond 25 hours, they will be

paid at time and one-half their regular hourly rate.

If employees are required to work on one of the organizations scheduled holidays and

because of departmental needs they are not given a different day off within the same

workweek. They will be paid straight time for hours worked on the holiday in addition

to pay or will be offered comp off leave.

Performance Appraisal

Performance appraisal is carried out in the month of January each year. Terms and

Conditions of Performance Appraisal change as per market conditions. Appraisal

Reward would be carried out quarterly. A reward for extra ordinary performance by

any employee would be subject to management decisions or non monetary rewards.

Pay


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The pay scale is based on a fixed pay scale plus a commission of a fixed percentage if the

results achieved exceeds the targets set for.

Thus,

Salary = Fixed Salary + A Variable, Commission-Based Pay.

Marketing Management

The goal of marketing function of the firm is:

new demat and trading accounts opening,

making new clients,

retaining the old ones,

trading and dealing in different financial instruments,

increasing volumes and trades per client,

increasing the number of clients,

franchisee development,

selling online trading software to clients, requiring a one life time deposit of Rs. 500.

cross selling. For e.g. A Equity Dealer selling LIC Insurance or Mutual Funds and

Vice-Versa.

The following activities are performed in the area of marketing:

handling customer (client) queries,

Tele Calling for Client Reactivation,

Handle Online Trading,

Daily SMS Service,

Daily E-mail Service,

Site Updation,

Tele Calling for new Registration,

Client Care.

To achieve these goals the following tools are used by the firm:

Telecalling clients in case of inactive demat or trading account etc.


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Telecalling clients and insist them to trade in lucrative stocks and ventures.

Telecalling to unknown client database to open up their demat and trading account

with the firm, taking their appointments, making them understand the schemes of

account opening and other policies,

Insisting clients to deal in other instruments like LIC Insurance, Mutual Funds

through core selling as well as cross selling,

Using Mobile SMS technology to reach a number of clients and people,

Using Email Internet Technology to reach a number of clients and people.

Using Newspaper & Television as a medium of adverts of the firm & its services.

Using the Word Of Mouth channel and Personal Selling to reach, attract and make

new customers, the two most important tools in this field.

Personally meeting HNI clients & guiding & directing them towards lucrative

investments.

Meeting Individuals interested in owning a franchisee or interested in becoming a

channel partner.

Insisting existing Clients to access at home online trading through net Trading

Platform, Savashare Online Trading.

Service (Product) Mix of Chirag Investments

The 7 Ps of Chirag Investments are as follows:

1. Product

The Products (services) offered by Chirag share are Depository Services, Demat and

Trading Account opening, LAS, MF, Equity-Commodity-Currency-Bullion trading,

Research Products, PMS, etc.

2. Place

The services refer to the distribution network. Since it is a service firm the distribution

and discharge of the services is done by following modes:


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At the firm in the dealing room, on phones / mobiles, SMS mobile technology, Email

Internet Technology, Online Trading etc.

3. Price

The prices charged by the company for its various services are on cost plus basis. Demat

and trading account opening charges and brokerage charges charged by the company

are shown in the following two tables:

Brokerage Charges




Demat and Trading Charges

Account

Details

Investor Economy Classical

One-time payment Rs 100 + taxes

& notary charge

Rs 250 + taxes

& notary charge

Rs 999 plus taxes

& notary charges

Charge on Mkt trading Rs. 25 min or 4% Rs.15 min or 4% Nil

4. Promotion

To reach the masses the company uses the following tools to promote its product and

services:

Interactive Media (via Websites, Emails), SMS Technology, Personal Selling, Word Of

Mouth Channel, Seminars.

5. People

CSSPL has a dedicated-qualified-competent staff of 30 personnels who are always ready

to serve the customers in the best manner, solve their queries with minimum


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Finance Management

In this firm, Finance section is kept under back-office division so Finance Management

is done from this division.

The finance management includes risk management system, pay-in and pay-out system,

LAS/MF, accounting and ledger posting, trade confirmations and balance tallying,

managing share and fund transfers, managing short sale and auctions of clients etc. The

entire topic is covered previously under the back office topic.

Current Status of the Firm and Its Working

The company recently added Insurance to its portfolio of services by tying up with

LIC.

The company also started a new activity as a part of creating eco-friendly

environment. Previously it used to provide trade confirmation in physical form via

printed contract notes. Now it has decided to go paperless by providing ECN i.e.

Electronic Contract Notes to all the clients which will include their trade details for that

date. For this the company now asks for email IDs of clients and those clients who dont

have email IDs or who do not have an access to PC or internet at their residence, email

IDs are created by the firm so that the clients can access their trade reports at CSSPL,

after the market hours. The company also provides trade confirmation and balance via

SMS.

Due to changes in NSE-BSE timings in 2009 the office now stars at 8.00 A.M. Since

the firm also runs commodity dealing terminal, the office runs late till midnight.

Brokerage Schemes




Demat and Trading Account Schemes


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Account

Details

Investor Economy Classical

One-time payment Rs 100 + taxes

& notary charge

Rs 250 + taxes

& notary charge

Rs 999 plus taxes

& notary charges

Charge on Mkt trading Rs. 25 min or 4% Rs.15 min or 4% Nil

Account Opening Schemes

Following types of accounts can be opened in the firm: Individual, Currency,

Commodity, Demat, LAS, Partnership, Corporate, HUF, NRI, and PMS.

Opening of any kind of account requires some basic documents like identity card, PAN

card, Permanent Address proof, original but cancelled cheque, signature verification,

passbook bank transaction details not older than 4 months etc. All the documents must

be true copies and they must be self attested.

Some other documents are also required for different type of accounts. Like:

y In case of individual account nomination is required if it is not a joint account.

y NRI account opening requires NRI address proof as well Indian residence address

proof, RBI approval, foreign bank transaction details.

y Partnership account requires partnership deed, PAN card of all the partners. Demat

will be individualized for each partner, whereas trading will be centralized in the name

of partners firm.

y Joint stock companies are required to give a board resolution, accounts statements of

corporate not older than 2 years, MOA-AOA, to open up an account. In addition

corporate accounts are required payment of Rs. 500 p.a, as an additional charge, not

applicable to any other type of accounts.

y HUF requires HUF pan card and details

y PMS account requires a minimum investment of Rs. 10 lacs. The client has the option

of selecting one of the two plans and is charged on the following basis:

Plan 1: Variable fee Plan

Fixed Management Fees 1.5% p.a.

Performance Fees 15% sharing above 12% hurdle rate


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Plan 2: Fixed Fee Plan

Fixed Management Fees 2.5% p.a. irrespective of profit or loss

Loan Against Shares (LAS) v/s Margin Funding (MF)

Though both the terms sound similar, there is a wide difference between LAS and MF.

y LAS, is a Sushil finances standardized form while MF is Chirag Investments

personalized form.

y For LAS a special type of account is required to be opened up with Sushil / Chirag,

whereas Margin funding can be availed on an existing account.

y The amount provided by LAS and MF differ widely because LAS is based on Sushils

standardized formulae and calculations whereas MF is based on Chirags personalized

formulae and calculations..

For e.g. If an investor has investment in shares amounting to Rs. 1 lac, then under LAS

first it will be observed that what amount of total stock is invested in BSE A Group

companies. Suppose it amounts to Rs. 50,000. Than after deducting 25% for

adjustments and multiplying it by 2, the resultant is the amount of LAS will be,

(100000-50000) * (1-.025) * 2 = Rs 75,000

Now if the same investors avails facility of MF then the amount of MF will be jus double

of liquid money.

1, 00,000 * 2 = Rs 2, 00,000

y The amount of LAS is provided by Sushil Finance whereas the amount of MF is

provided by CCSPL from their personal equity/debt.

y The period for which these two are given also differs. LAS can last long till the clients

account is active, whereas MF is given for 21 days and after that period one has to

square off his position by repaying the debt.

On both; LAS as well as MF 17-18% yearly interest is charged.


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General Training Report Initial

Documents

Transcript of General Training Report Initial