kishore final

8/6/2019 Kishore Final

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Declaration of Candidate

I, the undersigned, Kishore Ahuja, hereby declare that the

present, summer project title COMPARISION ON

PORTFOLIO MANAGEMENT SEVICES OF MOTILAL OSWAL

LTD.AND SWASTIKA INVESTMART LTD is based on my original

work and my indebtedness to other works, publication, has been

duly acknowledged at relevant place.

Kishore Ahuja

Date: 10.08.2010


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Certificate of Faculty Guide

This is certify that Kishore Ahuja, of M.B.A.-III Sem. (Batch

2008-10) has completed her summer training of six seeks from

16.05.2010 to 30.06.2010 and prepared project report on A

STUDY ON EXPORT DOCUMENTATION PROCEDURE AND EXPORT

under my guidance.

Faculty Guide

Prof. Amit Joshi


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PREFACE

This has been prepared as the part of our summer training of

MOTILAL OSWAL SECURITIES LTD, Ujjain. This 6 week

long training was designed with a view to import practical

knowledge to the student in various departments of the

corporation and face the real life situation and find the solution

of the problem with there managerial skills and knowledge

achieved.

This project for Motilal Oswal Securities ltd includes

introduction of the corporation and gives finding, suggestion and

conclusion.

I sincerely hope that this project will fulfill the objectives and

expectation of the corporation and will show the work done by

me as per guidance provide by guide

Kishore Ahuja


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Acknowledgement

A project can not be successful until and unless it is guide by the

right person and at right time at right place and which also

requires a lot of sincere efforts, channeled in the right direction,efficient supervision and the most valuable professional

guidance.

I hereby take this opportunity to thank the people who have

helped me a lot during the project work of six week. I specially

wanted to thank my external guide MR VISHWAS JOSHI

(branch manager) of motilal oswal securities ltd.

I also thankful to my internal guide prof. Amit joshi for guiding

me through out the project. His excellent guidance,

encouragement and patience helped me out to complete the

project successfully.

Finally I would like to thank all those who directly or indirectlyconcerned in making my project successful.

Kishore Ahuja


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TABLE OF CONTENT

1.Introduction to company

2. Introduction to portfolio management

3. Portfolio management services

4. Research Methodology

.Objectives.Methodology.

5. Data Analysis &Interpretation

6. Suggestion

7.Conclusion8.Bibliography9.Annexure


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Company profile

Of Motilal Oswal secruities ltd.


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Company Profile

The story of Motilal Oswal Securities Ltd goes back many years, when Mr. Motilal

Oswal and Mr. Raamdeo Agrawal met each other as students in a Mumbaisuburban hostel in the early eighties. Both the young chartered accountants hailingfrom a rural & an unpretentious background had a common dream viz 'to build a

professional organization with strong value systems, to provide reliable & honestinvestment advice to investors'. Thus was born their first enterprise called"Prudential Portfolio Services" in 1987. Motilal Oswal Securities Ltd. was foundedin 1987 as a small sub-broking unit, with just two people running the show. Focuson customer-first-attitude, ethical and transparent business practices, respect for

professionalism, research-based value investing and implementation of cutting-edge technology has enabled us to blossom into an almost 2000 member team.

Success Mantra for MOSL:

The success story of MOSL is driven by 8 success sutras adopted by it namely:

Trust, Integrity, Dedication, Commitment, Enterprise, Hard work and

Team play, Learning and Innovation, Empathy and Humility. These are theValues that bind success with MOSL.

Mission Statement:

To be a well-respected and preferred global financial services organizationEnabling wealth creation for all our customers.

Today MOSL is a well diversified financial services firm offering a range offinancial products and services such as

Wealth Management Broking & Distribution Commodity Broking Portfolio Management Services Institutional Equities Private Equity Investment Banking Services.


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MOSL has a diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financialinstitutions and corporate clients. MOSL are headquartered in Mumbai and as ofMarch 31st, 2009, had a network spread over 548 cities and towncomprising 1,289Business Locations operated by our Business Partners and us. As at March 31st,2009, we had 541372 registered customers. In 2006, the Company placed 9.48% of

its equity with two leading private equity investors based out of the US NewVernon Private Equity Limitedand Bessemer Venture Partners.

The company got listed on BSE and NSE on September 9, 2007. The issue whichwas priced at Rs.825 per share (face value Rs.5 per share) got overwhelmingresponse and was subscribed 27.18 times in turbulent market conditions. The issue

gave a return of 21% on the date of listing.As of end of financial year 2008, the group net worth was Rs.7 bn. and marketcapitalization as of March 31, 2008 was Rs.19 bn.For year ended March 2008, the company showed a strong top line growth of 91%to Rs.7 bn. As compared to Rs.3.68 bn. last year. New businesses like investment

banking, asset management and fund based activities have contributed to this

growth. Credit rating agency Crisil has assigned the highest rating of P1+ to theCompanys short-term debt program.

Shareholding Pattern at on 31st December 08

As of December 31st, 2008; the total shareholding of the Promoter and Promoter GroupStood at 70.37%. The shareholding of institutions stood at 10.07% and non-institutions at19.56%.

Their Business StreamsOur businesses and primary products and services are:

Wealth ManagementFinancial planning for individual, family and business wealth creation andmanagement needs. These are provided to customers through our WealthManagement service called Purple


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Broking & Distribution services

Equity (cash and derivatives) Commodity Broking Portfolio Management Services Distribution of financial products Financing Depository Services IPO distribution

We offer these services through our branches, Business Partner locations, theinternet and mobile channels. We also have strategic tie-ups with State Bank ofIndia and IDBI Bank to offer our online trading platform to its customers.

Commodity Broking

Through Motilal Oswal Commodities Broker (P) Ltd our fully owned subsidiary;we provide commodity trading facilities and related products and services on MCXand NCDEX. Besides access to the best of research in the form of Daily

Fundamentals & Technical Reports on highly traded commodities, our clients alsoget access to our exclusive Customized Trading Advice on both the trading

platforms. We offer these services through our branches, Business PartnerLocations, the internet and mobile channels.


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Awards and Accolades

Motilal Oswal Financial Services has received many accolades in the year gone by.

Some of them are:

y Rated Best Overall Country Research for a Local Brokerage in the 2007Asia Money Brokers poll

y Rated Indias top broking house in terms of total number of tradingterminals by the Dun & Bradstreet survey.

y Rated Outstanding Commodity Broking House-2007 by Glob oil Indiay Ranked second best for Customer Responsiveness in the Financial Sector

At the Avaya global Connect Customer Responsiveness awards.

Corporate offices & Branches

BRANCH-HEAD OFFICE

Palm Spring Centre,2nd Floor, Palm Court Complex,

New Link Road, Malad (West),Mumbai 400 064,Maharashtra, India.

LOCATION OF SIP COMPANYMotilal Oswal Securities Ltd.Above Reebok showroomFreeganj. Ujjain (M.P)


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Company profile

Of Swastika Invest mart ltd.


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Vision

"To be a prominent destination to enhance the Prosperity of its Clients,

Investors, Associates and Employees, always"

"To provide best value for money to clients through personalized

service, innovative products, best trading and investment strategies and

state-of-the-art technologies. We at Swastika believe that 'Our services

combined with our investors' trust will lead to a prosperous Swastika

family'"

We are committed for:

Integrity and transparency in all transactions,

Providing investment solutions based on quality and unbiased

research,

Providing personalized services to all investors and business

associates,

Achieving success through clients growth.

Mission

Institutional Broking Empanelment with Banks, FIs, & Insurance

companies,

Mutual Fund business,

Merchant Banking Services,

Registrar & Transfer Agents Services,

Equity Placement & Venture Capital Funding,


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Introduction

Swastika Invest mart Ltd. (Formerly known as Swastika Fin-Lease Ltd.), a Public

Limited Company, was incorporated in 1992 with its Registered Office in Mumbai

and Administrative office at Indore (M.P.). It was promoted by Mr. Sunil Nyati

belonging to the Swastika group of Rajasthan, engaged in diversified business

since 1959.

In the year 1995 the company came out with a Public issue of 15 Lac equity shares

of Rs.10/- each for cash at par, aggregating Rs.150 Lacs. The shares of company

are listed on BSE and are one of the few listed companies, engaged in Stock

broking and Capital Markets activities.

Since incorporation till 1998, the company was actively involved in the field of

Hire Purchase and Lease Finance. It started the stock broking business as a sub-

broker in the year 1998 and after getting the experience and with the blessings of

its satisfied customers, it took the Corporate Membership of NSE in 2000 and BSE

in 2004. Later, it got registered with CDSL in 2006 as Depository Participant as

well.

In the year 2007 the company has acquired membership of two premier

Commodity Exchanges of India, NCDEX and MCX through its wholly owned

subsidiary company Swastika Commodity Pvt. Ltd. It has also got the corporate

membership of Currency Derivatives with NSE and MCX-SX in the year 2008.

Over the years, Swastika has followed a consistent growth path and is established

as one of the leading broking houses of the country with the support and

confidence of its clients, investors, employees and associates. Today the Swastika

group is managed by a team of over 200 professional staff members and has got a

nationwide network.

Swastika Invest mart Limited, corporate member of all the premier stock and

commodity exchanges, is providing best value for money through personalized

services, committed to high standards of corporate governance, highest levels of

transparency, accountability and integrity in all its activities.


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Current Activities of SWASTIKA:

Stock broking NSE & BSE Equities & Derivatives.

Commodity Trading NCDEX & MCX.

Currency Broking NSE & MCX-SX - Currency Derivates.

Depository Services CDSL.

Portfolio Management & Investment Advisory Services.

Mutual Funds and Fixed Deposits Investments.

Initial Public Offering (IPO) And IPO Financing.

Technical Analysis and Research based advice. Internet Based Trading.


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STRENGTHS OF SWASTIKA:

Corporate Membership of NSE, BSE, NCDEX & MCX-SX.

Internet Based Trading Platform.

Depository Participants of CDSL

24 * 7 Web Base Back Office Software

Own Private VSAT Net Work

30 Own Branches

Business Partners and Sub Brokers More than 300

CTCL Net Work More than 600 Odin Licenses

More than 26000+ Registered Clients (Individual & Corporate). Company Listed at BSE since 1995.

In House Technical Analysis & Research team.

Strong team for Fundamental Equity Analysis & Research.

Team for Derivative strategies trading.

Annual turnover in C M & F&O (NSE & BSE): More than Rs. 50,000 Crores.


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Milestones

1992: Incorporation with registered Office at Mumbai.

1993: Actively involved in financing. Hire-purchase and leasing

business.

1995: Came out with an initial Public Issue, Listed at Bombay Stock

Exchange.

1998: Registered with RBI as NBFC,

2000: Membership of NSE - Capital Market Division.

2002: Membership of NSE - Future & Option Segment.

2003: Setting up Research Desk and Mutual Fund Desk.

2004: Membership of BSE - Capital Market Division

2005: Centralized Back Office Software successfully implemented.

2006: Registered with CDSL as Depository Participants.

2007: Membership of NCDEX & MCX.

2008: Membership of Currencies Derivatives of NSE and MCX-SX.


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NEED FOR SELECTING THE PROJECT

y To get the overall knowledge of securities and investment.y To know how the investment made in different securities

minimizes the riskand maximizes the returns.

y To get the knowledge of different factors that affects theinvestment decision of investors.

y To know how different companies are managing theirportfolio i.e. when and in which sectors they are investing.

y To know what is the need of appointing a PortfolioManager and how does him meets the needs of the various

investors.


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EXECUTIVE SUMMARY

Investing in equities requires time, knowledge and constant monitoring

of the market. For those who need an expert to help to manage their

investments, portfolio management service (PMS) comes as an answer.

The business of portfolio management has never been an easy one.

Juggling the limited choices at hand with the twin requirements of

adequate safety and sizeable returns is a task fraught with complexities.

The term portfolio management in common practice refers to selection

of securities and their continuous shifting in a way that the holder gets

maximum returns at minimum possible risk.

Portfolio management services are merchant banking activities

recognized by SEBI and these activities can be rendered by SEBI

authorized portfolio managers or discretionary portfolio managers.A portfolio manager by the virtue of his knowledge, background and

experience helps his clients to make investment in profitable avenues. A

portfolio manager has to comply with the provisions of the SEBI

(portfolio managers) rules and regulations, 1993.

This project also includes the different services rendered by the portfolio

manager. It includes the functions to be performed by the portfolio

manager.


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PORTFOLIO MANAGEMENT

INTRODUCTION

Stock exchange operations are peculiar in nature and most of the Investors feel

insecure in managing their investment on the stock market because it is difficult for

an individual to identify companies which have growth prospects for investment.

Further due to volatile nature of the markets, it requires constant reshuffling of

portfolios to capitalize on the growth opportunities.

Even after identifying the growth oriented companies and their securities, the

trading practices are also complicated, making it a difficult task for investors totrade in all the exchange and follow up on post trading formalities.

Investors choose to hold groups of securities rather than single security that offer

the greater expected returns. They believe that a combination of securities held

together will give a beneficial result if they are grouped in a manner to secure

higher return after taking into consideration the risk element. That is why

professional investment advice through portfolio management service can help the

investors to make an intelligent and informed choice between alternative

investments opportunities without the worry of post trading hassles.


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MEANING OF PORTFOLIO MANAGEMENT

Portfolio management in common parlance refers to the selection of securities and

their continuous shifting in the portfolio to optimize returns to suit the objectives of

an investor. This however requires financial expertise in selecting the right mix of

securities in changing market conditions to get the best out of the stock market. In

India, as well as in a number of western countries, portfolio management service

has assumed the role of a specialized service now a days and a number of

professional merchant bankers compete aggressively to provide the best to high net

worth clients, who have little time to manage their investments. The idea is

catching on with the boom in the capital market and an increasing number of

people are inclined to make profits out of their hard-earned savings.

Portfolio management service is one of the merchant banking activities recognized

by Securities and Exchange Board of India (SEBI). The service can be rendered

either by merchant bankers or portfolio managers or discretionary portfolio

manager as define in clause (e) and (f) of Rule 2 of Securities and Exchange Board

of India(Portfolio Managers)Rules, 1993 and their functioning are guided by the

SEBI.

According to the definitions as contained in the above clauses, a portfolio manager

means any person who is pursuant to contract or arrangement with a client, advises

or directs or undertakes on behalf of the client (whether as a discretionary portfolio

manager or otherwise) the management or administration of a portfolio of

securities or the funds of the client, as the case may be. A merchant banker acting

as a Portfolio Manager shall also be bound by the rules and regulations asapplicable to the portfolio manager.


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DEFENATIONS OF PORTFOLIO:-

InvestorsWords.comA collection ofinvestments (all) owned by the same individual ororganization.

These investments often include stocks, which are investments in individual

businesses; bonds, which are investments in debt that are designed to earn

interest; and mutual funds, which are essentially pools of money from many

investors that are invested by professionals or according to indices.

Financial Dictionary and WikiAnswers.com

A collection of various company shares, fixed interest securities or money-market

instruments. People may talk grandly of 'running a portfolio' when they own a

couple of shares but the characteristic of a serious investment portfolio is diversity.

It should show a spread of investments to minimize risk - brokers and investment

advisers warn against 'putting all your eggs in one basket'.

DEFINATIONS OF PORTFOLIO MANAGEMENT

1) Investorswords.com

The process of managing the assets of a mutual fund, including choosing and

monitoring appropriate investments and allocating funds accordingly.


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2) Investor Glossary

Determining the mix of assets to hold in a portfolio is referred to as portfolio

management. A fundamental aspect of portfolio management is choosing assets

which are consistent with the portfolio holder's investment objectives and risk

tolerance. The ultimate goal of portfolio management is to achieve the optimum

return for a given level of risk.

Investors must balance risk and performance in making portfolio management

decisions. Portfolio management strategies may be either active or passive. An

investor who prefers passive portfolio management will likely choose to invest in

low cost index funds with the goal of mirroring the market's performance. Aninvestor who prefers active portfolio management will choose managed funds

which have the potential to outperform the market.

Investors are generally charged higher initial fees and annual management fees for

active portfolio management.

MEANING OF PORTFOLIO MANAGERS

Portfolio manager means any person who enters into a contract or arrangement

with a client. Pursuant to such arrangement he advises the client or undertakes on

behalf of such client, management or administration of portfolio of securities or

invests or manages the clients funds. A discretionary portfolio manager means a

portfolio manager who exercises or may under a contract relating to portfolio

management, exercise any degree of discretion in respect of the investment or

management of portfolio of the portfolio securities or the funds of the client, as the

case may be. He shall independently or individually manage the funds of each

client in accordance with the needs of the client in a manner which does not

resemble the mutual fund. A non discretionary portfolio manager shall manage the

funds in accordance with the directions of the client.


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SCOPE OF PORTFOLIO MANAGEMENT:

Portfolio management is an art of putting money in fairly safe, quiteprofitable and reasonably in liquid form. An investors attempt to find

the best combination of risk and return is the first and usually the

foremost goal. In choosing among different investment opportunities the

following aspects risk management should be considered:

a) The selection of a level or risk and return that reflects the investors

tolerance for risk and desire for return, i.e. personal preferences.

b) The management of investment alternatives to expand the set of

opportunities available at the investors acceptable risk level.

OBJECTIVES OF PORTFOLIO MANAGEMENT:

y Security/Safety of Principaly Stability of Income:y Capital Growth:y Marketabilityy Diversificationy Favorable Tax Status:y Liquidity i.e. Nearness To Money:


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PORTFOLIO MANAGEMENT SERVICES

Motilal Oswal Portfolio Management Services offer a range of

investments solutions through discretionary services. We at MotilalOswal have helped create wealth for our customers through our Portfolio

Management Services. Our knowledge of the markets together with our

understanding of our customers and their risk profiles has helped us

design a range of portfolio offerings for our clients. These include the

Value Strategy, Bulls Eye Strategy, Trillion Dollar Opportunity Strategy

and Focused Strategy Series I . As of March 31st, 2009, the Assets

UnderManagement of our various portfolio schemes stood at Rs.4.77 bn

Motilal Oswal group has applied to the regulatory bodies for a license to

operate as a Domestic

Asset Management Company (Mutual Fund) and we expect to begin

operations soon.

Institutional Equities

We offer equity broking services in the cash and derivative segments to

institutional clients in India and overseas. These clients include

companies, mutual funds, banks, financial institutions, insurance

companies, and FIIs. As at March 31st, 2009, we were empanelled with

over 300 institutional clients including 200 FIIs. We service these clients

through dedicated sales teams

Across different time zones.


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Investment Banking

We offer financial advisory services relating to mergers and acquisitions

(domestic and cross border) divestitures, restructurings and spin-offsthrough Motilal Oswal Investment Advisors Private Ltd. (MOIAPL)

We also offer capital raising and other investment banking services such

as the management of public offerings, private placements (including

qualified institutional placements), rights issues, share buybacks, open

offers/delisting and syndication of debt and equity.

MOIAPL has closed 23 transactions in 2007-08 worth US$ 1.8 billion

and had 18 mandates in hand as at March 31, 2008.

Private Equity

In 2006, our private equity subsidiary, Motilal Oswal Private Equity

Advisors Private Ltd (MOPEAPL) was appointed as the investment

manager and advisor to a private equity fund, India Business ExcellenceFund, which was launched with a target of raising US$100 million.

The fund is aimed at providing growth capital to small and medium

enterprises in India, with investments typically in the range of US$3

million to US$7 million.

MOPEAPL will manage and advise the fund and other private equity

funds, which may be raised in the future. In its final closing, in

December 2007, the fund obtained commitments of US$125 mn

(Rs.4,875 mn) from investors in India and overseas. The Fund has

deployed/ committed $ 58 mn across 8 deals.

MOPEAPL has recently launched an INR 750 crores domestic Real

Estate Private Equity Fund called India Realty Excellence Fund

sponsored by Motilal Oswal Financial Services Ltd.


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Principal Strategies Group

For effective management of treasury operations and to capitalize onmarket opportunities, the Group has set up a 30 member team which

would be responsible for effective deployment of funds into different

trading and arbitrage strategies.

Focus on Research

Research is the solid foundation on which Motilal Oswal Securitiesadvice is based. Almost 10% of revenue is invested on equity research

and we hire and train the best resources to become advisors. At present

we have 22 equity analysts researching over 27 sectors. From a

fundamental, technical and derivatives research perspective; Motilal

Oswal's research reports have received wide coverage in the media (over

a 1000 mentions last year). Our consistent efforts towards

Quality equity research has reflected in an increase in the ratings andrankings across various categories in the Asia Money Brokers Poll over

the years

Our unique Wealth Creation Study, authored by Mr. Raamdeo Agrawal,

Managing Director, is now in its 13th year. Investors keenly await this

annual study for the wealth of information it has on the companies that

created wealth during the preceding five years.


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RESEARCH METHODOLGY


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OBJECTIVE OF THE STUDY:-

y To compare the Portfolio Management Services of Motilaloswal and Swastika investment Ltd.

y To analyze the basic difference between services andofferings of both the companies.

y To know the investors view towards the portfoliomanagement services.

y To know the need of the investors.


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RESEARCH METHDOLOGY:-

The research approach for this study was conclusive research.

Conclusive research are designed to help executives to chose among

various possible alternatives to make a viable business decision.Futher

this research was descriptive type, which is an offshoot oh conclusive

research. The problem for this research was none operating in nature the

data both primary and secondary data; the source was one hundred

respondents primary data. For the proper analysis of data simple

statistical techniques such as percentage were use. It helped in making

more accurate generalization from the data available.

SAMPLE SIZE:-

The method used for sample Technique was random sampling method.

This method was used because it was not know previously as to whether

a particular person will be asked to fill the questionnaire.

SIZE OF THE SAMPLE:-

50 respondents.


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DATA COLLECTION:-

Source of data for this project primary and secondary only. In referenceto the theoretical concept as well as for information are collected

through secondary sources (Internet websites) the primary data was

collected through questionnaire filled from the respondents.

TOOLS FOR ANALYSIS:-

To know the response .I have used the questionnaire method in sample

survey. If one wishes to find what people think or know, the logical

procedure is to ask them.

In this method the questionnaire were distributed to the respondents andthey were asked to answer the question in the questionnaire. The

questionnaire were structured non-disguised questionnaire because the

questions, which the questionnaire contained, were arranged in a

specific order besides every question is asked were logical for the study,

no question can be termed as irrelevant.

The questionnaire, were non-disguised because the questionnaire were

constructed so that the objective is clear to the respondent. Therespondents were aware of the objective. They knew why they were

asked to fill the questionnaire.


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DATA ANALYSIS

&

INTREPRETATION


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DATA ANALYSIS & INTREPRETATION:-

Q1.Do you invest in share market?

Options number of respondents

Yes 37

No 13

Interpretation:

37 respondents say they invest in share market.

0

5

10

15

20

25

30

35

40

yes no

Series1


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21

22

23

24

25

26

27

self company

Series1

Q2.How do you manage your portfolio?

Options Number of respondents

Self 23

Depends on thecompany for portfoliomanagement

27

Interpretation:

23 respondents say they themselves manage their portfolio and 27

respondents say they depend on the company portfolio Management.


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Q3.From which company demat account do you trade with?


Motilal oswal 25

Swastika

investment Ltd.

25

Interpretation:

25 respondents deal with Motilal oswal and 25 respondents deal with

swastika investment Ltd. Securities.

% of respondents

motilal oswal

SIL


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Q4. Which company offers better Portfolio services?

Options Percentage of respondents

Motilal oswal 38

Swastika

investment Ltd.

12

Interpretation:

12 respondents say swastika Ltd.offer better services and returns. But 38

respondents say Motilal oswal is offering better services and more

returns.

% of respondents

SIL


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Q5. Which company provides optimum Portfolio?


Motilal oswal 38

Swastika

investment Ltd.

12

Interpretation:

Most of the respondents say motilal oswal provide better portfolio.

% of respondents

Sil


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Q6. Which company Portfolio Management services is less risky?

Options number of respondents

Motilal oswal 33

Swastika

investment Ltd.

17

Interpretation:

17 respondents say portfolio management services of Swastika Ltd. and

33 respondents say portfolio management services of Motilal oswal

services are less risky.

% of respondents

Sil


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Q7. Which company gives you complete knowledge about your money

invested?


Motilal oswal 35

Swastika

investment Ltd.

15

Interpretation:

Motilal oswal gives its customers complete knowledge about their

money.

% of respondents

Sil


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Q8. Which companys Transaction is more transparent?


Motilal oswal 34

Swastika

investment Ltd.

16

Interpretation:

Motilal oswal keeps its transaction more transparent as compared to

Swastika investment Ltd...

% of respondents

Sil


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Q9. Which company has better PMS for Everyones need?


Motilal oswal 42

Swastika

investment Ltd.

08

Interpretation:

42 respondents say Motilal oswal portfolio management. Services fit to

Everyones needs and pocket.

% of respondents

Sil


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Q10. According to you what must be done improve the portfolio

management Services.

Interpretation:-

Most of the respondents say the portfolio must be such that customers

gets more returns and risk factors must be kept in mind before investing.


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CONCLUSION:-

y Motilal Provides optimum portfolio.y Motilal oswal is giving more returns to the investors.y Motilal oswal keep its process more transparent.y Motilal oswal charges are less than other portfolio services.y Motilal oswal provides daily updates about the stocks

information.y Motilal oswal has better portfolio management services

than swastika investment Ltd.


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SUGGESTIONS:-

y Investors must be made more aware about the services ofthe company.

y Investors must feel safe about their money invested.y Investors accounts are more transparent as compared to

other companies.

y Motilal oswal must try to promote its portfolioManagement services Through Advertisement.


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Bibliography

From Books:

R.D KOTHARI (RESEARCH)

From Websites:

WWW.MOTILALOSWAL.COMWWW.SWASTIKA.CO.IN

WWW.GOOGLE.COM


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ANNEXURE


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BALANCE SHEET

As on 31st mar 2010

(Rs in Cr.)

Mar 2010 Mar 2009 Mar 2008 Mar 2007 Mar 2006

SOURCES OF

FUNDS :

Share Capital 14.32 14.20 14.20 12.71 5.62Reserves Total 459.11 419.16 385.72 146.96 -0.19

Equity Share

Warrants

0.00 0.00 0.00 0.00 0.00

Equity ApplicationMoney

0.00 0.00 0.00 0.00 0.00

Total

Shareholders

Funds

473.43 433.36 399.92 159.67 5.43

Secured Loans 0.00 0.00 0.00 0.00 0.00

Unsecured Loans 59.32 0.00 0.00 0.00 0.00

Total Loan Funds 59.32 0.00 0.00 0.00 0.00

Total Liabilities 532.75 433.36 399.92 159.67 5.43APPLICATION

OF FUNDS :

Loan / Non-Current Assets

0.00 0.00 0.00 0.00 0.00

Fixed AssetsGross Block 15.84 0.01 0.01 0.00 0.00

Less:

Accumulated

Depreciation

0.00 0.00 0.00 0.00 0.00

Less: Impairment

of Assets0.00 0.00 0.00 0.00 0.00

Net Block 15.84 0.01 0.01 0.00 0.00

Lease Adjustment 0.00 0.00 0.00 0.00 0.00


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Capital Work inProgress

87.47 0.00 0.00 0.00 0.00

Investments 58.24 31.35 17.40 47.55 1.95Current Assets,

Loans & AdvancesInventories 107.77 32.72 119.63 0.00 0.00Sundry Debtors 0.00 0.00 0.00 0.00 0.00

Cash and BankBalance

25.06 201.23 1.07 7.16 3.47

Loans andAdvances

296.69 206.66 284.01 108.53 0.01

Total Current

Assets429.52 440.61 404.71 115.69 3.48

Less: Current Liab.& Provisions

Current Liabilities 2.62 1.01 sss 0.51 0.05Provisions 54.55 37.62 21.40 3.12 0.00

Total Current

Liabilities &

Provisions

57.17 38.63 22.22 3.63 0.05

Net CurrentAssets

372.35 401.98 382.49 112.06 3.43

MiscellaneousExpenses notwritten off

0.00 0.00 0.00 0.00 0.00

Deferred TaxAssets

0.03 0.02 0.02 0.06 0.05

Deferred Tax

Liability

1.18 0.00 0.00 0.00 0.00

Net Deferred Tax -1.15 0.02 0.02 0.06 0.05

Total Assets 532.75 433.36 399.92 159.67 5.43

ContingentLiability

9.45 4.70 4.70 71.20 0.00


49/50

Profit and loss A/cMar 2010

sMar 2008 Mar 2007 Mar 2006

INCOME :

Operating Income 64.17 72.15 35.48 10.98 0.02

Other Income 0.09 0.09 0.20 0.00 0.00

Total Income 64.26 72.24 35.68 10.98 0.02

EXPENDITURE :

Operating &Administration Expenses

2.63 1.87 5.20 0.94 0.01

Miscellaneous Expenses 0.10 0.80 0.02 4.70 0.09

Interest 2.85 7.32 4.46 0.20 0.00

Less: Pre-operative

Expenses Capitalised0.00 0.00 0.00 0.00 0.00

Employee Expense 1.37 1.23 1.43 1.38 0.16

Total Expenditure 6.95 11.22 11.11 7.22 0.26

Gross Profit 57.31 61.02 24.57 3.76-

0.24

Depreciation 0.00 0.00 0.00 0.00 0.00

Profit Before Tax 57.31 61.02 24.57 3.76 -.24

Tax 13.74 15.68 7.17 2.77 0.00

Fringe Benefit tax 0.00 0.02 0.07 0.01 0.00


50/50

Deferred Tax 1.17 0.01 0.04 0.03-

0.05

Reported Net Profit 42.40 45.31 17.29 0.95

-

0.19

Extraordinary Items 0.00 0.00 0.00 -1.46 0.00

Adjusted Net Profit 42.40 45.31 17.29 2.41-

0.19

Adjustment below net

profit0.00 0.00 0.00 0.00 0.00

P & L Balance brought

forward22.41 1.66 0.57 -0.19 0.00

Appropriations 21.20 15.50 12.74 0.00 0.00

P & L Balance carried

down35.13 22.41 1.66 0.57

-

0.19

Dividend 17.18 11.36 11.36 0.00 0.00

Preference Dividend 0.00 0.00 0.00 0.00 0.00

Equity Dividend % 120.00 80.00 80.00 0.00 0.00

Earnings Per Share-Unit

Curr2.92 3.15 6.09 0.37 0.00

Earnings Per Share(Adj)-Unit Curr

2.92 3.15 1.22 NA NA

Book Value-Unit Curr 33.06 30.52 140.82 62.81 1.93

kishore final

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