MBA Interns Project

8/11/2019 MBA Interns Project

1/52

PROJECT REPORT

STUDY ON EQUITY MARKET PRODUCTS

OF

NETWORTH STOCK BROKING LTD. [NSBL]

Master of Business Administration (Finance)

Submitted in partial fulfillment of the requirement for award of

Master of Business Administration of Tilak Maharashtra

Universit! "une

Submitted B#

$%&' MAT*+

'nstitute of Business Studies , &esearch! -avi Mumbai

Tilak Maharashtra Universit

.ultekdi! "une /00123

1


2/52

Ack!"#$%&$'$(

' would like to pa a bi4 word of thanks to all the people who are directl or indirectl

involved in its completion5

' wish to e6press m heartfelt appreciation to man who have contributed to this pro7ect

in all aspects and e6press m deep sense of 4ratitude to all the people for their valuable

time and co8operation! which the had 4iven me5

Special thanks 4oes to "rof5 A5$ Shukla! MBA (Finance) department for 4ivin4

the time and effort to review such e6tensive and comple6 material and for providin4

reaction and recommendation for improvement and to Mr5 Shatrun7a "ande! the

"roduct Mana4er of -etworth Stock Brokin4 imited5! who helped me durin4 m

pro7ect5

' am also thankful to m collea4ues and friends who have helped me durin4 this duration5

2


3/52

TABLE OF CONTENTS

C) N!. I%$* P+&$ N!.

0 &AT'9-A* F9& T* STU:% / 8 ;

< 9B=*$T'>* 9F T* STU:% ? 8 @a) Title of the pro7ect

b) 9b7ective of the studc) Scope of the stud

2 "&9F'* 9F T* $9M"A-% 01 8 '*+ 9F 'T*&ATU&*


4/52

CHAPTER , -

RATIONALE FOR THE STUDY

CHAPTER , -

RATIONALE FOR THE STUDY

4


5/52

This research has been undertaken as part of m 'nternship at -etworth Stock Brokin4 td E-SB5 'have titled this pro7ect as GStud on *quit market productsH! since m 7ob had been to understand the

products the compan was offerin4! focusin4 on a few such as :emat and 'nsurance 5Also! ' had tounderstand the mentalit!requirements and preferences of the consumer while interactin4 with them onthe basis of a questionnaire5

'n todaHs commercial a4e! finance based products are sellin4 in the man millions5 Stock markets are

buIIin4 with activit as each da throu4hout the world! the prices of shares and stocks are risin4 and

fallin4 simultaneousl5 ence! there is intense need for securit of individualHs mone and other related

items5

'n the financial sector! nowadas one can observe a tendenc that consumers are 4enerall confused with

selection aspects as the are spoilt for choices and the are particularl conscious about investin4 in

financial products as there are more e6perts than financial products5 Apart from that! various companies

across the 4lobe! particularl in 'ndia are seen on a rat race of trin4 to capture the market5 Almost ever

compan toda offers some financial product or service to both its emploees as well as customers5 'n

such a situation! it is important for ever compan to understand the market situation as well as the

mentalit or preferences of the consumer5 The main 7ob of an or4aniIation is to cater to the needs of its

consumers i5e the consumers must feel that their mone invested is worth it and not wasted5

At present! on the financial market! the consumers are divided into two cate4ories J individuals and

companies5 *ach cate4or dealin4 with the financial product or service requires to submit different sets of

documentation5

-SB caters to the needs of the populace b offerin4 a wide variet of financial products and services5

CHAPTER ,

5


6/52

OBJECTI/E OF THE STUDY

CHAPTER ,

6


7/52

OBJECTI/E OF THE STUDY

+0 T1(#$ !2 ()$ 34!5$c(

KSTUDY ON EQUITY MARKET PRODUCTSL

60 O65$c(17$ !2 ()$ 8(9%:

7


8/52

'ndian market has seen an unprecedented boom in its activit in the past 0; ears in terms of number of

stock e6chan4es! listed companies! trade volumes! investor population! etc5 owever! this sur4e in activit

has brou4ht with it the ver survival of the capital markets in the lon4 run! most of which are due to the

lar4e volume of paper work involved and paper based tradin45

owever! the real 4rowth and chan4e occurred from the mid J ei4hties in the wake of liberaliIation

initiatives of the .overnment5 The reforms in the financial sector were envisa4ed in the bankin4 sector!

capital market! mutual funds! forei4n investments and .ovt control5 These institutions and stock

e6chan4es e6perienced that the certificates are the main cause of investors problems5 Since the paper

work was not matchin4 the rapid 4rowth! so there was a need for a better sstem to ensure removal of

these impediments5

The main ob7ective of the stud was #8

To understand the latest development in financial products5

To understand the various risks associated with various financial products like demat!mutual

funds! insurance etc55

To interact with various investors and understand their needs5

To find out reasons as to wh customers hesitate in investin4 in financial markets5

To promote financial products as well as the compan itself! -etworth Stock Brokin4imitedE-SB5

8


9/52

c0 Sc!3$ !2 ()$ 8(9%:

Financial products refer to those instruments that help save! invest! 4et insurance or 4et mort4a4e5 These

are issued b various banks! financial institutions! stock brokera4es! insurance providers and other

4overnment sponsored entities5 Financial products are cate4oriIed in terms of their tpe of underlin4

asset class! volatilit! risk and return5

The ma7or tpes of financial products are shares! bonds! treasur bills! options! mutual funds! certificate

of deposits($:Hs) and annuities5

-ow let us discuss about the scope of the pro7ect5 As ' have e6plained earlier that m work in

the pro7ect was to understand financial products and the stock market5

:urin4 m interaction with man customers(includin4 some investors) ' came to know that man of them

have little idea about equit market and the were afraid of takin4 risks and was not sure about returns5

't also came as a surprise that some hi4h profile people like businessmen!advocates! doctors were not

interested in share tradin4 or even in the stock market as man of them did not know the procedures

involved in it5 Some showed disinterest even thou4h the were havin4 sufficient knowled4e about stock

markets!demat! insurance! mutual funds and returns associated with it5

M understandin4 was that man of them who had adequate knowled4e of the stock market were

mis4uided and some of them were afraid in takin4 risks5 Throu4h -etworth! to some e6tend ' was able

clear this misconception5 ' came to the conclusion that itHs important to be knowled4eable and one should

take initiative before 4ivin4 financial advice to investors

9


10/52

CHAPTER , ;

PROFILE OF THE COMPANY

10


11/52

CHAPTER , ;

PROFILE OF THE COMPANY

NETWORTH STOCK BROKING LTD[NSBL]

-etworth has been successfull providin4 premium financial services and information for more than adecade5 'ts aim has consistentl been to empower investors to take char4e of their financial future , helpthem 4row their -etworth5

-etworth has alwas endeavored to make a difference in the financial services space5 't constantlfocuses on scalin4 and up4radin4 the technolo4 infrastructure so as to provide the best services to theinvestors5 't has a presence of over 211 centreHs across 'ndia5

-etworth is #8 Mana4ed b a talented team of over 0211 professionals5

Servin4 nearl 011!111 clients across the countr5

'S9 @110#0Hs Financial Advisor Awards


12/52

N$("!4() S(!ck B4!k1& L(%

I%98(4:#Finance , 'nvestments

BS* $ode# ;00;;0 -S* Smbol# "* # 1

'S'- :emat# '-*@12:10100 :iv , %ield # 1 *"S # 1

Book >alue# 2150 Market $ap (&s5 $r5)# ;0530/0; Face >alue # 01

'ncorporation %ear 0@@2

&e4istered 9ffice


13/52

N$("!4() S!2( ($c) L(%. [NSL]

-S is an 'S9 @110#


14/52

polic covers 4oods in transit includin4 b sea!air and road5 Further! insurance of motor vehicles a4ainst

dama4es and thefts form a ma7or chunk of non life insurance businesses5

"ersonal 'nsurance covers policies for Accident!health!etc5 "roducts offerin4 "ersonal accident cover are

benefit policies5 ealth insurance covers offered b non life insurers are mainl hospitaliIation covers

either on reimbursement or cashless basis5

0 L12$ I894+c$

ife 'nsurance in 'ndia has been present for the past more than 011 ears5 ife insurance is a contract that

pled4es pament of an amount to the person assured(or his nominee) on the happenin4 of the event

insured a4ainst5 ife insurance is a contract between the polic owner and the insurer! where the insurer

a4rees to pa a sum of mone upon the occurrence of the insured individual or individualHs health or an

other event! such as terminal or critical illness5 'n return the polic owner a4rees to pa a stipulated

amount called a premium at re4ular intervals or in lump sums5

;0 D$'+(

:ematerialisation is the process b which phsical share certificates are converted into electronic

form5+hile it is not et compulsor that all shares listed on the stock e6chan4e are dematerialised! there

is a stead increase in the number of companies tradin4 in the dematerialised shares5

-etworth offers demat facilities to facilitate a seamless transaction platform as a part of value added

service for clients5 -etworth is a depositor participant with the $entral :epositor Services td($:S)

and -ational Securities :epositor td(-:S) for tradin4 and settlement of dematerialised shares5

=0 M9(9+# F9%8

Mutual funds are investment companies that pool mone from investors at lar4e and offer to sell and bu

back its shares on a continous basis and use the capital thus raised to invest in securities of different

companies5

Mutual funds can be either or both of open ended and closed ended investment companies dependin4 on

their fund mana4ement pattern5 An open ended fund offers to sell its shares continuousl to investors

either in retail or in bulk without a limit on the number as opposed to a closed ended fund5 $losed end

funds can have limited number of shares5

Mutual funds 4et their earnin4s in two was5 First!b the dividend the 4et on the securities the hold5

Second!b the redemption of their shares b investors which will be at a discount to the current

-A>Hs(net asset values)5

>0 I1(1+# P96#1c !22$41&?IPO0

14


15/52

't is also referred to as Kpublic offerin4L is the first sale of stock b a private compan to the public5 '"9

is a wa for a compan to raise mone from its investors for its future pro7ects and 4et listed to Stock

*6chan4e5

From an investor point of view! '"9 4ives a chance to bu stocks of a compan! directl from a compan

at a price of their choice5

@0 P!4(2!#1! M++&$'$( S$471c$8?PMS0

-etworth "MS helps in achievin4 ob7ective of preservin4 and 4rowin4 capital b conductin4 a thorou4h

analsis of investment needs! returns e6pected and risk takin4 abilit5

-etworth offerin4 is ideal for hi4h net8 worth customers #8

+ho are investin4 in 'ndian equities

+ho desired to create wealth over lon4er period5

+ho appreciate a hi4h level of personaliIed service5

0 E91(: +% D$417+(17$8

E91(:# The 'ndian equit market is also another name for 'ndian share market or 'ndian stock market5

The forces of the market depend upon monsoons! 4lobal fundin4s! flowin4 into equities in the market and

the performance of various companies5 The 'ndian market of the equities is transacted on the basis of two

ma7or stock indices! the -ational Stock *6chan4e of 'ndia td5(-S*) and the Bomba Stock

*6chan4e(BS*)! the tradin4 bein4 carried on a dematerialiIed form5 The phsical stocks are in liquid

form and cannot be sold b the investors in an market5 Two tpes of funds are there in the 'ndian equit

market i5e >enture capital funds and "rivate equit funds5

D$417+(17$8# :erivatives are financial contracts whose valueprice is dependant on the behaviour of the

price of one or more basic underlin4 assets(simpl known as underlin4)5 These contracts are le4all

bindin4 a4reements made on the tradin4 screen of stock e6chan4es to bu or sell an asset in future5 The

asset can be an inde6! share! bond! rupeedollar! su4ar! cotton! coffee! etc5

The Securities and *6chan4e Board of 'ndia(S*B') allowed tradin4 in equit based derivatives on Stock

*6chan4es in =une


16/52

is determined on the basis of prime lendin4 rate("&)i5e a rate of interest which banks normall char4e

from their stead and credit worth customers5 The loans are in turn funded b the deposits of its e6istin4

customers5 The repament of loans is 4enerall done throu4h what is known as *quated Monthl

'nstallments(*M')5

Tpes of loans available include "ersonal loans!Mort4a4e loans!Two wheeler loans!$ar

loans!$ommercialBusiness loans!"rofessional loans!Trade loans!*ducation loans!Travel loans!&eal

*state loans! amon4 others5

B!%8# 'n finance! a bond is a debt securit in which the authoriIed issuer owes the holders a debt and

repas the principal and interest at a later date! termed as maturit5

A bond is simpl a loan in the form of securit with different terminolo45 The issuer is equivalent to the

lender! the bond holder to the borrower and the coupon to the interest5 Bonds enable the issuer to finance

lon4 term investments with e6ternal funds5 Alon4 with stocks! the are considered as securities! but the

ma7or difference between the two is that stock holders are the owners of the compan(i5e the have anequit stake)! whereas bond holders are lenders to the issuin4 compan5

D$6$(94$8# A debenture is defined as a certificate of a4reement of loans which is 4iven under the

companHs stamp and carries an undertakin4 that the debenture holder will 4et a fi6ed return and the

principal amount whenever the debenture matures5

0 H$+#() 3#+

$ontrar to what it ma seem! health plan is not an insurance product5

A health plan helps take care of a familHs da to da preventive and pre hospitaliIation medical

e6penses5

A health plan member can access a comprehensive network of hi4h qualit

doctors!dentists!patholo4 and radiolo4 labs!etc at si4nificantl reduced costs5

>iruall all doctor specialiIations are covered and there are no e6clusion criteria like a4e! present

medical condition! etc5

'nternationall! the concept of health plans is 4rowin4 rapidl5

'n 'ndia! this concept has been introduced for the first time5

N$("!4() IHO H$+#() 3#+ c+4%# -etworth in collaboration with the 'ndian ealth 9r4anisation "vt

td ('9) has introduced a revolutionar concept for health plans J the -etworth '9 ealth plan card5

This is a first of its kind in 'ndia where it would benefit each and ever person and famil for each and

ever da of their life5

-etworth and '9! throu4h this health plan card! aims to provide eas access to hi4h qualit healthcare atreasonable costs5

16


17/52

Some of the benefits include dental benefits! medical benefits! radiolo4patholo4! dial a doctor! health

check vouchers and personal accident insurance5

-0 C944$c: %$417+(17$8

The launch of currenc derivatives in 'ndia opened one more avenue for tradin45 The recommendations

were made 7ointl b the S*B' and &B'5

$urrenc derivatives can be described as contracts between sellers and buers whose values are to be

derived from the underlin4 assets i5e the currenc amounts5

$urrentl 'ndia is a US: 2/ billion 9T$(over the counter) market5 -etworth has taken membership with

-S*!BS* and M$C8SC to offer tradin4 in its currenc features to customers5

Benefits #8

Accessibilit to all tpes of market participants

Acts as insurance a4ainst unpredictable and unforeseen currenc and interest rate movements5

'f receivables or paments to be incurred are in multiple currencies5

:erivatives can be used for matchin4 the inflows and outflows

To 4et transparenc and efficienc in price discover

-SB offers the followin4 services #8

-0 $ (4+8+c(

0 M: $("!4()

;0 G41$7+c$ )+%#1&

=0 C+## +% (4+%$

>0 F1+c1+# 3#+1&

-0 $ (4+8+c(

-etworthHs online platforms provides its customers with advanced features like sin4le customiIed

inte4rated screen! inte4ration of the individualHs bank account! tradin4 and demat account! 9nline

"ortfolio tracker and 0


18/52

0 M: $("!4()

+ith so man financial transactions bein4 carried out dail! it is ver difficult to keep track of the status

for each and ever one of them5 Also! stackin4 the phsical copies of contact notes! bills! etc can be a

tedious task which is unavoidable as these documents are needed in calculatin4 ta6 rebates5 Moreover! it

can be difficult dealin4 with different departments of a brokin4 firm to 4et such details if the documents

are not in place5

The online backoffice GM networthH provides a convenient solution to all these problems5 't is amon4st

the best in the industr and it enables a person to 4et multiple transactional detailed reports viI financial

statements! net position! settlement bills! deliver reports! transaction statement! etc5 't provides to be asin4le contact point that connects individuals with their relationship mana4er and head office5

;0 G41$7+c$ )+%#1&

Financial investment products tend to be comple6 without proper 4uidance5 *ven after the investment has

been made! there are man processes which need to be handled effectivel5

This or4aniIation has setup a sstem where people can place their queries on client queries and 4rievance

redressed module which makes investin4 for clients! a simple process5 'n this module! response is 4iven to

all queries within 0 hour5 'f within 2? hours a clientHs queries are not addressed! intimation is made to the

mana4ement and is personall resolved b the $*95 An e6clusive set of professionals take care of client

4rievances5 $lients can view the status of their 4rievances online as well5

=0 C+## +% (4+%$

'n todaHs fast paced era! there is a compulsion to be on the move


19/52

Steps in the financial plannin4 process include #8

'dentif , "rioritiIe J To4ether! we will mutuall define the clientHs personal and financial 4oals!

understand the time frame for results and discuss! if relevant! how heshe will feel about the risk5

"ost that! it will be prioritiIed and a clear picture will be drawn for the individualHs financial

future5

$ollate J All the necessar documents such as investments! ta6 returns! insurance policies!

retirement plans! etc will be collated and reviewed5

AnalIe J -etworth will analIe the clientHs information to assess hisher current situation and

determine what must be done to meet their 4oals5 This could include analIin4 assets!liabilities

and cash flow! current insurance covera4e! investments or ta6 strate4ies and how these elements

can impact each other5

&ecommend J &ecommendations will be provided that will address the individualHs 4oals5 This

would help in makin4 informed decisions and the recommendations could be revised to make

them appropriate5

Act J ow the recommendations could be carried out could be done b a4reein4 on a mutual

basis5 -etworth ma carr out the recommendations or serve as the clientHs KcoachL! co8ordinatin4

the entire process5

Track J As 4oals and needs evolve over time! the individualHs pro4ress will be tracked as part of

the on4oin4 process and necessar modifications would be made5

BUSINESS ALLIANCES

9ur Strate4ic ife 'nsurance "artner

9ur 'nternet Tradin4 Alliance "artner

-0M$(#12$ I%1+

19
http://www.metlife.co.in/http://www.pnbindia.com/http://www.metlife.co.in/


20/52

Metlife 'ndia 'nsurance compan is an affiliate of Metlife 'nc5 and was incorporated as a 7oint venturebetween Metlife 'nternational holdin4s! 'nc! The =ammu and Nashmir Bank! M "allon7i and $o5 "rivateimited and other private investors5 Metlife is one of the fastest 4rowin4 life insurance companies in thecountr5 't serves its customers b offerin4 a ran4e of innovative products to individuals and 4roupcustomers at more than ?11 locations throu4h its bank partners and compan owned offices5 Metlife has

more than ;1111 financial advisors who helped customers achieve peace of mid across the len4th andbreadth of the countr5

Metlife 'nc5 throu4h its affliates reaches more than 31 Million customers in the Americas!Asia "acific and*urope5 Affiliated companies! outside of 'ndia include the number one life insurer in the UnitedStates(based on life insurance inforce) with over 0/1 ears of e6perience and relationships with more than@1 of the top one hundred Fortune ;11 companies5 The Metlife companies offer life insurance! annuities!automobile and home insurance! retail bankin4 and other financial services to individuals as well as 4roupinsurance! reinsurance and retirement and savin4s product and services to corporations and otherinstitutions5

P4!%9c(8

The productsplans offered b Metlife come under the followin4 cate4ories #8

"rotection plans

Savin4s plans

'nvestment plans

$hild plans

&etirement plans

.roup plans

&ural plans

/181!

$onductin4 all business endeavours with truth! sincerit and fairness5

Functionin4 productivel in teams towards a common purpose! realisin4 the collective power of

diverse work84roups5

"erformin4 as a eader to be reall effective and successful b actin4 and makin4 decisions

independentl to 4et results.

M1881!

$ontinuousl creatin4 and introducin4 new and ori4inal ideas and was of doin4 thin4s5

0 P95+6 N+(1!+# B+k

20


21/52

"un7ab -ational Bank is a state owned financial services compan located in -ew :elhi! 'ndia5 't wasre4istered on Ma @! 0@/ under the 'ndian $ompanies Act with its office in ahore5 Toda! the bank isthe second lar4est 4overnment owned commercial bank in 'ndia with more than ;111 branches across 3?/cities and serves over ;? Million customers5 The bank has been ranked as the


22/52


23/52

'ndia is one of the fastest 4rowin4 financial markets and -etworth provides people with tailor madefacilities to invest in this emer4in4 market5

As a -on &esident 'ndian(-&')! residin4 .$$ countries and -&' state! the individual ma have manquestions as to how to invest in 'ndia! which stocks to purchase! what mutual funds to bu and how

investin4 in 'ndia fits in with the individualHs overall financial 4oals and ob7ectives5 This is where-etworth :irect makes a difference5 't offers tips to fi4ure out how to make mone 4row5 An -&' tradin4account inte4rated with a depositor account would be provided to 4ive full investin4 functionalit5

-etworth would make sure that it offers the best service and the most comprehensive tools to makeinvestin4 in 'ndia uncomplicated5

:edicated 'ndian funds are fast boomin4 and from a 4lobal perspective! 'ndia looks set to endure as anattractive destination for forei4n investors providin4 a return on investment amon4st the most attractive inthe world5

CAREER OPPORTUNITIES

-etworth considers its ever emploee as an asset J a unique talent that brin4s it closer of achievin4 its4oal of bein4 4lobal leaders in the sphere of financial services5

-etworth offers 4ood career opportunities and is continuall lookin4 for bri4ht ener4etic individuals who

can ali4n their talents to fulfill the individual needs of clients! and in the process! help usher -etworthinto an unsurpassable lea4ue5'n other words! it is lookin4 for inspired! ambitious -etworthians5 ThatHswh -etworthHs rise to a premier and versatile financial or4aniIation in 'ndia has been! without doubt! a

product of its remarkable human resource base5

$urrent openin4s #8

&elationship Mana4er Senior relationship Mana4er

*6ecutive J Funds "aout

Branch Mana4er

Sector Analst (BFS'Metals , Minin4$ement$apital .oodsAuto&ealt))

23


24/52

CHAPTER , =

RE/IEW OF LITERATURE

24


25/52

CHAPTER , =

RE/IEW OF LITERATURE

As the name su44ests! -etworth enables investors to realiIe their -et8worth b reasonable investment as

well as helpin4 them to take char4e of their future5 For more than a decade! it has been providin4

premium financial services and has alwas endeavoured to make a difference in the financial services

space b constant technolo4ical and infrastructural improvements to provide the best to its customers5 't

also has a talented team of over 0211 professionals and over


26/52

$urrentl! a /0 billion industr! 'ndia is the worldRs fifth lar4est life insurance market and 4rowin4 at a

rapid pace of 2


27/52

&espondents responded ?1

&esponse rate 3;

&espondents were taken from private! 4ovt and business sectors

0) Accordin4 to ou which have plaed a ma7or role in the field of life insurance companies

I894+c$ P7( E'3#!:$$8 G!7( E'3#!:$$8 B981$88'+

'$ 01 02 01

:F$ ; 2 ;

'$'$' 2 2 /

9thers < < 0

After analIin4 this data it is found that from the 4iven three respective level of "vt5 .ovt5 and Business01 out of


28/52

O311! P7( S$c(!4 G!7( S$c(!4 B981$88'+

%es 02 0? 0sa amon4 others and the are of the opinion that

the are much more safe and secure as compared to newemer4in4 companies schemes and are assured

of returns irrespective of the market conditions 5Then in such situation ' e6plained that funds are kept

idle in banks F:Hs or 4overnment schemes but there is wealth creation if invested sstematicall in

financial products5

ike ever compan! -etworth Stock Brokin4 imitedE-SB is also trin4 to create a stron4 foothold

as distribution house for financial products but has its share of problems like the 4eneral lack of

awareness about the compan! consumers knowled4e about financial products! rivalries between

various private companies launchin4 similar products!etc5 :ue to these rivalries consumers have a

certain perceived notion towards products the consider secure!so makin4 investors understand about

pros and cons in itself is a hu4e challen4e5 'rrespective of all its stren4ths and weaknesses it also has

ample opportunities to 4row5

46


47/52


48/52

CHAPTER , -

APPENDI

COPY OF THE QUESTIONNAIRE

REFERENCES AND BIBLIOGRAPHY

48


49/52

COPY OF THE QUESTIONNAIRE

"ersonal :etails -ame #8

A4e#8

9ccupation#8

-o5 of famil members #

$ontact number#8

Address(&esidence9ffice)#8

*mail id#8

D5 0# Are ou aware of K-etworth Stock Brokin4 imitedL

8 %es

8 -o

D5


50/52

8 Between &s J 01 lakh p5a

D5 /# :o ou use an of the followin4 financial products#8

8 *quit

8 Mutual funds

8 :emat

8 'nsurance(.enerallife)

8 9thers

D5 /# 'f es! then which of the above and from which firmcompan

D5 ;# Since when have ou been usin4 the product(s)

8 ess than a ear

8 Between 08 ; ears

8 Between ; 8 01 ears

8 More than 01 ears

D5 ?# %our most important investment 4oal is to #8

8 "reserve our ori4inal investment

8 &eceive some 4rowth and provide income

8 .row faster than inflation and also provide some income

8 .row as fast as possible even if there is no income toda5

D5 3# -SB offers several benefits with *quit! :emat! Mutual funds! 'nsurance! '"9 amon4 others5

+ould ou like to tr it

8 %es

8 -o

8 -ot sure

50


51/52

D5 # +ith respect to capital market products would our preference be to deal with #8

8 Banks

8 -BF$Hs(-on Bankin4 Financial 'nstitutions)

8 An

51


52/52

REFERENCES AND BIBLIOGRAPHY

www5networthdirect5com

www5metlife5co5in

www5pnbindia5in

.oo4le+ikipedia

&esearch Methodolo4 J :r =5N Sachdeva

:ail -ews , Analsis (:-A)

*conomic Times
http://www.networthdirect.com/http://www.metlife.co.in/http://www.pnbindia.in/http://www.networthdirect.com/http://www.metlife.co.in/http://www.pnbindia.in/

Documents

MBA Interns Project