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SUMMER TRAINING REPORT 
SUBMITTED IN PARTIAL FULFILLMENT OF 
THE REQUIREMENTS FOR THE AWARD OF 
DEGREE 
MASTER OF BUSINESS...
List of Contents 
Introduction 
Objective Of The Study 
Source Of Data 
Limitations Of The Study 
Company Profile 
Departm...
INTRODUCTION 
These develop students’ professional and 
practical skills, encouraging them to apply skills and 
knowledge ...
OBJECTIVES OF THE STUDY 
 To familiarize with the different departments in the 
organization and their functioning. 
 To...
SOURCE OF DATA 
Data used for this study both primary and secondary. 
• Primary data is collected by personal observation ...
COMPANY PROFILE 
K:KRISHNA PRASAD 
A: ARUN 
R:RADHA KRISHNA 
V: VENKAT KRISHNA 
Y: YOGENDAR 
• Karvy was started by a grou...
Name Karvy Stock Broking Limited 
Terminals 1700 
Sub Brokers 19000 
No. of Employees 3910 
No. of Branches 581 
KARVYACHI...
KEY PERSONS 
• Chief Executive Officer - Mr.Parthasarathy 
• Research head - Mr.J.K.Jain 
• Product head Distribution - Mr...
ORGANISATION STRUCTURE BOARD OF DIRECTORS 
PRODUCT HEAD 
(DISTRIBUTION) 
AREA MANAGER 
ZONAL HEADS 
REGINAL HEADS 
IRO 
SU...
PRODUCT AND SERVICE PROFILE 
Karvy is a service oriented company. Service rendered by karvy stock 
brokering ltd, Tuticori...
SHARE TRADING 
SHARE 
Definition: The capital of a company is divided into shares. Each share forms a unit of ownership 
o...
Observation On Trading Department with the help of Ms.Bhavanidevi & 
Mr.Balachander 
• Basics about share market & careers...
Observation On Trading Department with the help of Ms.Bhavanidevi & 
Mr.Balachander 
• Commodities market / market timing ...
Mutual FundAnd Marketing Department 
Mutual fund and marketing department is handled by Mr.Paramasivam (IRO) 
Mutual Fund ...
Observation On Marketing Department with the help of Mr.Paramasivam 
• Knowledge about mutual fund 
• Ratings of mutual fu...
Registration For PAN/TDS/TAN Department 
PAN CARD 
Registration Department is handled by Mr.Alex (IRO) 
Permanent Account ...
TAN(Tax deduction account number ) 
TAN is the Tax-Deduction Account Number i.e. the account number 
allotted by Income Ta...
CMS (Cash management Service) 
Act as the middleman between account holder and bank providing services by 
collecting and ...
MAJOR FINDINGS 
• Customers prefer the Karvy for PAN registration as it is well known financial agency. 
• Customers prefe...
SUGGESTIONS 
• Office environment should need a change 
• Frequently conduct client awareness program 
• Meeting conducted...
For providing this opportunity to get knowledge about 
security market helps me for my finance elective 
Guides and friend...
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Summer project Presentation

  1. 1. SUMMER TRAINING REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE MASTER OF BUSINESS ADMINSTRATION SUBMITTED TO ANNA UNIVERSITY,CHENNAI SUBMITTED BY V.ARUN 951013631005
  2. 2. List of Contents Introduction Objective Of The Study Source Of Data Limitations Of The Study Company Profile Departments In Company Observation Based On Departments Findings Suggestions Conclusion
  3. 3. INTRODUCTION These develop students’ professional and practical skills, encouraging them to apply skills and knowledge acquired through study in a real-life environment. Students are placed with an employer to work on a research project or undertake work experience under the guidance of industry and academic supervision. Students not only have to acquire knowledge but also the process and art of learning, and industry training allows them to refine their skills and knowledge. Many students who performed well have been employed immediately as permanent staff upon graduation The training project is done in financial
  4. 4. OBJECTIVES OF THE STUDY  To familiarize with the different departments in the organization and their functioning.  To study about the working conditions provided by the company.  To analyze promotional activities followed by the company.  To get a deep knowledge about the financial product and services in the business world.
  5. 5. SOURCE OF DATA Data used for this study both primary and secondary. • Primary data is collected by personal observation made during the study period. • Secondary data collected from website related field , company websites and previous projects. LIMITATIONS OF THE STUDY  As data are collected through interviews, the information is subject to the bias of the individuals.  It’s been tough to understand the market in a short period.  Dealers were busy with their clients during market hours so it’s tough to understand the market moves.  It’s tough to get the organizational structure as officers report to headquarters and higher officials in mails different locality.
  6. 6. COMPANY PROFILE K:KRISHNA PRASAD A: ARUN R:RADHA KRISHNA V: VENKAT KRISHNA Y: YOGENDAR • Karvy was started by a group of five chartered accountants in 1979. • The partners decided to offer, other than the audit services, value added services like corporate advisory services to their clients. • The first firm in the group, Karvy Consultants Limited was incorporated on 23rd July, 1983. • Karvy was among the first few members of National Stock Exchange, in 1994. Became a member of The Stock Exchange, Mumbai in 2001. • Dematerialization of shares gathered pace in mid-90s • Karvy was in the forefront educating investors on the advantages of dematerializing their shares. • Today Karvy is among the top 5 Depositary Participant in India.
  7. 7. Name Karvy Stock Broking Limited Terminals 1700 Sub Brokers 19000 No. of Employees 3910 No. of Branches 581 KARVYACHIEVEMENTS  Every 10th Demant account is held at karvy  Every 50th Indian os serviced by karvy  Every 20th trade in stock market is done through karvy  India’s no.1 registrar and transfer agency  Every 6th invester in india invest through karvy
  8. 8. KEY PERSONS • Chief Executive Officer - Mr.Parthasarathy • Research head - Mr.J.K.Jain • Product head Distribution - Mr.Rajivsingh • Product head Distribution (MF) - Ms.Nandhini.Y • Cluster manager (Tirunelveli) - Mr.S.Ganesan • KARVY TUTICORIN • Branch started - 2004 • Branch coordinator - Ms Bhavanidevi • Total no of clients - 2500 • Active clients - 200 • Average pan registration daily - 40 • Average mutual fund monthly - 30lakhs • Average demant account opening per month - 10 • Weekly meeting (web meeting) - Saturday (11.00 to 12.00) • Daily meeting (web meeting) - Morning (9.00 to 9.15)
  9. 9. ORGANISATION STRUCTURE BOARD OF DIRECTORS PRODUCT HEAD (DISTRIBUTION) AREA MANAGER ZONAL HEADS REGINAL HEADS IRO SUB-BROKERS CHIEF EXECUTIVE OFFICER MANAGING EXECUTIVE PRODUCT HEAD (BROKING) ZONAL MANGERS AREA MANGERS CLUSTER MANAGER BRANCH COORDINATOR IRO / DEALER PRODUCT HEAD (PAN / TDS/ TAN) ASST. MANAGER CLUSTER HEADS IRO
  10. 10. PRODUCT AND SERVICE PROFILE Karvy is a service oriented company. Service rendered by karvy stock brokering ltd, Tuticorin • Share Trading • Mutual Fund • PAN / TDS / TAN • Fixed Deposit • Insurance • CMS • Commodities & Currency (service not rendered in tuticorin, because of commodity market timing 10.00 a.m. to 11.30 p.m. (summer) and 10.00 a.m. to 11.55 p.m. (winter) (Mall not allowing late night trading after 9.00 p.m.)
  11. 11. SHARE TRADING SHARE Definition: The capital of a company is divided into shares. Each share forms a unit of ownership of a company and is offered for sale so as to raise capital for the company. Trading Department Trading department is handled by Ms.Bhavanidevi (branch coordinator) and Mr.Balachandar (Dealer) Total no of clients - 2500 Active clients - 200 Daily Average Trading - 60 lakhs Trade Time  Preopen - 9.00 a.m. to 9.07 a.m. (Monday to Friday)  Market Time - 9.15 a.m. to 3.30 p.m. (Monday to Friday)  After market order - 5.30 p.m. to 8.00 a.m. (Monday to Friday)  Buying and selling of shares in both BSE and NSE mostly karvy is preferring nifty to their Clients. Trading Procedure  Saving Account  Trading Account  Demat Account
  12. 12. Observation On Trading Department with the help of Ms.Bhavanidevi & Mr.Balachander • Basics about share market & careers in share market broking NCFM examinations. • Primary market and secondary market verified registration certificates. • Demant account opening and reactivation details (KYC form , 2 photos, 1 cancelled cheque leaf ,Investment amount cheque, 6 months bank statement, agreement book). • Performance of a company's in money control website and particular sectors. • Clients follow-up through phones data taken from IRIS. • Saving A/c , Trading A/c, Demant A/C trading procedure and circulation of money in trading. • Intraday activities and limits for clients, futures and options share trading • Credit limits for the clients • Period for freeze account.
  13. 13. Observation On Trading Department with the help of Ms.Bhavanidevi & Mr.Balachander • Commodities market / market timing and tricks • Equity derivatives Cash/futures/options • GOTX software used for trading • Trading keys and shortcuts used in GOTX – F6 – market depth, – F3 status pending, – F8 executed status, – F7 net position trade , – F1 / + to buy share , – F2 / - to sell share. • Other than GOTX and Commodities Nest software • LBC Form with trade statement is dully signed by traders ( To protect company legally incase of unawareness of client trade ) • DRF (Demant requestation form) • MACD (Moving Average Convergence Divergence) indicator which helps in share trading mostly long term trade and other indicators used in share trading's • Web Meeting by research head ,CEO product head and technologies used in communication amoung employees. • Roles and responsibilities of a dealer in karvy.
  14. 14. Mutual FundAnd Marketing Department Mutual fund and marketing department is handled by Mr.Paramasivam (IRO) Mutual Fund An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus Mutual funds serviced by KSTL (Axis, Baroda pioneer, Canararobecco, Quantum, Religare, UTI, Reliance, Pramerica, Peerless, Motilal Oswal, IDBI ) Insurance Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. (For Two wheelers and Four wheelers ) Fixed deposit A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date Fixed deposit serviced by KSTL (Bajaj finance limited, DHFL AAHRAY deposit 365 Trusts, DHFL AAHRAY Deposit 400 days, DHFL AAHRAY deposit plus, DHFL swayamidha deposit, HDFC Deposit)
  15. 15. Observation On Marketing Department with the help of Mr.Paramasivam • Knowledge about mutual fund • Ratings of mutual fund (AAA/Aaa,AA/Aa2,A,BBB/Baa2,BB/Ba2,B/B2,CCC)(Credit Rating Information Services of India Limited (CRISIL). • How mutual funds helps in tax evasions • Mutual fund returns – close ended (1yr) and open ended • Fixed deposit terms and conditions and schemes • Newly issued NCD - PUBLIC ISSUE NOTE Public Issue of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures by Muthoottu Mini Financiers Limited and observed about debenture • Different mutual fund company offering different portfolio mix • Insurance for two wheelers and four wheelers
  16. 16. Registration For PAN/TDS/TAN Department PAN CARD Registration Department is handled by Mr.Alex (IRO) Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated tamper proof card, by the Income Tax Department of India. The Permanent Account Number (PAN) is unique to an individual or entity and it is valid across India. Permanent Account Number once allotted to an individual or entity is unaffected by a change of name, address within or across states in India or other factors. MEANING OF PAN CARD A typical Permanent Account Number is would look like AFZPK7190K.. The logic behind the array of numbers and alphabets is as follows: First three characters i.e. "AFZ" in the above PAN are alphabetic series running from AAA to ZZZ. Fourth character i.e. "P" in the above PAN represents the status of the PAN holder. "P" stands for Individual. "F" stands for Firm. "C" stands for Company. "H" stands for HUF. "A" stands for AOP. "T" stands for TRUST etc. Fifth character i.e. "K" in the above PAN represents first character of the PAN holder's last name/surname. Next four characters i.e. "7190" in the above PAN are sequential number running from 0001 to 9999. Last character i.e. "K" in the above PAN is an alphabetic check digit.
  17. 17. TAN(Tax deduction account number ) TAN is the Tax-Deduction Account Number i.e. the account number allotted by Income Tax dept. to the assesse who has right to deduct tax at source on income(TDS) or collect at source (TCS). TDS (Tax Deduction At source) TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific nature of payment to the other person and deducted amount is remitted to the Government account Observation On Registration Department With The Help Of Mr.Alex • Requirements for PAN card registration(ration card not valid) • 2 passport size photo Age proof Address proof • Why pan / pan requirement in case of minors Any issuse’s • Filled and verified PAN Application form • Average daily pan registration nearly 40. • If any mistake in PAN card holder has to reapply with correct proof • PAN card can be received with in 15day by couriers service • TAN & TDS is not observed pratically
  18. 18. CMS (Cash management Service) Act as the middleman between account holder and bank providing services by collecting and depositing cash and cheques to the banks. Service provided to Citi bank mostly to shipping companies Observation On CMS Department with the help of MR.Anand • Duties of CMS Roles and responsibilities • Collection cash and Cheques from Shipping Companies on behalf of CITI bank • Copies send to (Hyderabad headquaters , Citibank Chennai office , Karvy tuticorin & customers) • Verified pickup sheet for cash and cheque DATA ENTRY DEPARTMENT Sending Reports to clients greeting letter updation letter from tuticorin karvy branch Observation On Data Entry Department With The Help Of Ms.Radha • Upadating Clients • Printed Copies of Mutual fund to Clients • Posting fund Receipts
  19. 19. MAJOR FINDINGS • Customers prefer the Karvy for PAN registration as it is well known financial agency. • Customers prefer the Karvy share trading because of brand image concern started from 1983. • Advertisements of Karvy are not having reach. • Well standardized firm provide clients to trade through online, mobile applications, instant mobile messages alert of shares, Fully computerized firm • Clients utilizing company websites for more details, complaints, etc. • Message intimation from karvy research team is good and helpful for the dealers and clients • Good incentive schemes for the officers • Good HRIS helps to claim allowances, online leave requesting. • Good security facilities for using systems and web surfing employees ID and password required. • Every employees has different Services to provide little unawareness of other products they provide • Mostly employees connects to higher officials through intra-mail / inter-com • Messages are passed through whatsapp application as business world moves to smart applications • There is good interaction between every investment relationship officers even they handle different Products like(pan , tds , insurance ,fixed deposit, mutual fund , share trading , cms ) • Every officers reports to different officials as according to the flow of authority of different product • There is pleasant handling with the customers. • Sometimes pan registration will be over crowded makes uneasy for the officers to give service. • Providing Newspaper, Television, finapolis, and many financial magazines to stimulate clients for trading.
  20. 20. SUGGESTIONS • Office environment should need a change • Frequently conduct client awareness program • Meeting conducted by technical experts based on the behavior of the market the dealers should understand the importance of the research meeting. • Conduct new investors campaign in rural area, corporate offices, colleges, malls, etc. • Not only in equity trading Tuticorin Karvy can also start trading commodities as earliest. • Mostly investors have no idea about the graphs, chats and indicators how it helps in trading and growth of the company they invested. • Concentrate on fast account opening to gain more customer satisfaction. CONCLUSION This summer training is very much useful in career for understanding the importance of financial services, necessary of Permanent account number, mutual fund investment, cash maintenance service, Equity Trading, Different modes of investment in the business world Summer training is useful for management students which helps to understand a business concern doing how they provide service to their customers / clients and also this training helps to understand the business activities done in the business concern. Nowadays planned investment is a must. The study help to learn about shares, mutual fund, fixed deposit, and finacial services with the help of KARVY stock Broking limited, Tuticorin.
  21. 21. For providing this opportunity to get knowledge about security market helps me for my finance elective Guides and friends in karvy helped me.
  • PiyushVatsyayan

    Jul. 28, 2019

Summer PRoject

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