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1
Sharekhan BNP company Profile
Sharekhan ltd is the largest standalone retail brokerage in the country and
the third largest in terms of customer base after ICICI Direct and HDFC
Securities. Sharekhan is one of the pioneers of online trading in India. It offers a
broad range of financial products and services including securities brokerage,
mutual fund distribution, loan against shares, ESOP financing, IPO financing and
wealth management.
Sharekhan ltd. is an equities focused organization tracing its lineage to
SSKI, a veteran equities solutions company with over 8 decades of experience in
the Indian stock markets.
If you experience our language, presentation style, content or for that
matter, the online trading facility, you'll find a common thread; one that helps you
make informed decisions and simplifies investing in stocks. The common thread
of empowerment is what Sharekhan ltd. is all about!
Sharekhan ltd. is also about focus. Sharekhan ltd. does not claim expertise
in too many things. Sharekhan ltd. expertise lies in stocks and that's what he talks
about with authority. So when he says that investing in stocks should not be
confused with trading in stocks or a portfolio-based strategy is better than betting
on a single horse, it is something that is spoken with years of focused learning
and experience in the stock markets. And these beliefs are reflected in everything
Sharekhan ltd. does for you!
To sum up, Sharekhan ltd. brings to you a user- friendly online trading
facility, coupled with a wealth of content that will help you stalk the right shares.
Those of you who feel comfortable dealing with a human being and would
rather visit a brickand-mortar outlet than talk to a PC, you'd be glad to know that
Sharekhan ltd. offers you the facility to visit (or talk to) any of our share shops
across the country. In fact, Sharekhan ltd. runs India's largest chain of share shops
with over hundred outlets in more than 80 cities! What's a share shop? How do
you locate a share shop in your city?
To find the answers of these questions, you must visit Sharekhan ltd. In
other words, Sharekhan ltd. is a company that provides you an outstanding trading
facility with a wide variety of products and acts as an investment consultant to
manage your portfolio and secure a high rate of return on your investments in the
securities market.
2
Basically, the company is a market leader in providing brokering services
and has a top turnover in trading and the high turnover makes it the no.1 in the
market. The main difference is the services that they provide to the investors who
really need it. The services are discussed in more detail in the marketing activities.
The clients are managed with a friendly corporate culture to give him more
benefited investment ideas and motivate him whenever he needs. The company
is providing as many tips to the clients (pre-market, online and post-market) for
more and more trading ideas and the manager helps each client to concentrate on
a few scripts so that he can manage the profit/loss.
In short, Sharekhan ltd. is currently having a good position in the market
with the highest no of transactions and also the highest turnover (buying &
selling) in India and a leader in providing better services to the investors.
Sharekhan ltd. India’s leading stock broker is the retail arm of SSKI, and offers
you depository services and trade execution facilities for equities, derivatives and
commodities backed with investment advice tempered by decades of broking
experience. A research and analysis team is constantly working to track
performance and trends. That’s why Sharekhan ltd. has the trading products,
which are having one of the highest success rates in the industry. Sharekhan ltd.
is having 240 share shops in 110 cities; the largest chain of retail share shops in
India is of Sharekhan ltd.
Background:
Sharekhan ltd was founded by Mumbai-based entrepreneur Shripal
Morakhia in 2000. Sharekhan pioneered the online retail broking industry and
leveraged on the first wave of digitization, when dematerialization (demat) of
securities came into effect and electronic trading was introduced in the stock
exchanges.
In India, Sharekhan has over 3500 employees, and is present in over 500
cities through 154 branches, more than 2,300 business partners. The company has
14 lakh clients and on an average, executes more than 4 lakh trades per day.
3
Directors of sharekhan ltd
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PRODUCTS AND SERVICES OF SHAREKHAN LTD
Vision: To
be the best retail broking brand in the retail business of the stock market.
Mission:
To educate and empower the individual investor to make better
investment decisions through quality advices and superior services.
Achievements of Sharekhan:
A wired company along with Reliance, Hll, Infosys, etc by “Business
Today”, January 2004 edition.
It was awarded „Top Domestic Brokerage House‟ four times by Euro and
Asia money.
It was Winner of “Best Financial Website” award.
India’s most preferred brokers within 5 years. “CNBC Awaaz customers
Award 2005”.
5
Meaning of Customer:
An individual or business that purchases the goods or services produced by
a business. The customer is the end goal of businesses, since it is the customer
who pays for supply and creates demand.
Meaning of Satisfaction:
Satisfaction is an overall psychological state that reflects the evaluation of
a relationship between the customer/consumer and a company-environment-
product-service. Satisfaction involves one of the following three psychological
elements: cognitive (thinking/evaluation), affective (emotional/feeling), and
behavioral.
Customer Satisfaction:
The concept of customer satisfaction has attracted much attention in recent
years. Organizations that try to analyze this concept should begin with an
understanding of various customer satisfaction models. Such models clarify
various theories about customer satisfaction.
Customer satisfaction is measured at the individual level, but it is almost
always reported at an aggregate level. It can be, and often is, measured along
various dimensions.
Within organizations, customer satisfaction ratings can have powerful
effects. They focus employees on the importance of fulfilling customers’
expectations. Furthermore, when these ratings dip, they warn of problems that
can affect sales and profitability. These metrics quantify an important dynamic.
When a brand has loyal customers, it gains positive word-of-mouth marketing,
which is both free and highly effective.
According to Philip Kotler “Satisfaction is a person’s feelings of pressure
of disappointment resulting from comparing a products perceived performance
(outcome) in relation to his or her expectation”
This Satisfaction level is a function of difference between perceived
performance and expectation’s. If the product’s performance exceed expectation
of customer is satisfied. If the products performance fall short of expectations of
the customers is dissatisfied.
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Many companies are aiming for high satisfaction because customers who
are just satisfied still find it easy to switch when a better offer comes along high
satisfaction or delight creates an emotional affinity with brand.
7
Factors affecting Customer Satisfaction:
Customer satisfaction is the overall impression of customer about the
supplier and the products and services delivered by the supplier. Following are
the important factors that affect customer satisfaction:
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ESSENTIAL ELEMENTS FOR CUSTOMER SATISFACTION
1. Beaware of these things every customer expects from you;
a) Customer wants to be heard:
When it comes to your customer service, their psychology plays a key role
in how they perceive your business. Your customers want to be heard all the time,
especially when they are concerned about your product or service. When they
express, let them complete what they want to say, read in between the lines and
then ask relevant questions if you have any, reconfirm your customer’s concerns
so as to avoid any miss-communication in future. b) Your clients
want to be cared of:
Customers need to feel important. They want to see the efforts being made.
They would surely appreciate the initiatives you and your staff has taken or taking
to solve their issues and accommodate their request regardless if they can
accommodate them or not depending on company’s policies. 2. SCC
– (SMILE, CONTACT and COMMENT) It’s
very important to know that customer interaction is the crucial part of sales lead
generation. As it can either make or break your sale and turning point to construe
whether or not your customer going to show up again. Follow these simple rules
to make long lasting impression on your client.
b) Next ensure you are making an eye contact with the customer. Eye contact
shows that you’re ready to engage them and ready to help them. In some way, it
proves you care about their opinions.
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3. Empathize with your customers:
When your client is facing any professional or personal life issues,
empathize with them. Ensure to tell them that you understand how you feel, where
you’re coming from. This acceptance will definitely allow them to let down their
guard and be open with you. Although you cannot deliver the exact outcome or
solution what they’re looking for but by empathizing with them and their problem
they’re most likely to accept a reasonable best for team involved.
10
Types of customer satisfaction surveys:
Customer satisfaction is a key component of a good business, and
the only way to accurately gauge customer satisfaction is using some type of
customer satisfaction measurement, often a survey. Surveys allow your business
to learn from how the actual customer is experiencing your business, rather than
simply replying on what your subjective eyes and ears tell you.
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Advantages of customer satisfaction surveys:
Up-to-date feedback: gather current customer feedback on various
aspects of your company. You can stay on top of customer trends through
regularly scheduled online surveys or email surveys, and receive instant customer
feedback. It is always useful to acquire insight into how your customers are
currently reacting to all aspects of your business.
Benchmark result: you can administer the same survey every so
often to customer to gain continued insight into your customer. Surveys can have
the same questions, which will allow you to compare data over time and
benchmark survey data across previous years to determine if any changes need to
be made.
Show that you care: customers like to be asked for their feedback.
It gives the customer the perception that your company values them; is committed
to keeping them as a long-term customer; and based business decisions on their
feedback.
Disadvantages of customer satisfaction surveys:
Too many surveys, so little time: Your customers are bombarded
with online surveys. Surveys may be simple to complete, however, some people
simply don’t like to complete them. Sending surveys too often can irritate
customers and lead to customer burnout. Customer burnout can result in low
response rates or result in lower satisfaction scores, despite your reputation for
providing excellent products or services.
Privacy issues: we live in a high-tech environment filled with daily
doses of unwanted junk email, email solicitations, and sales calls. When taking
an online survey or a phone survey, it is hard for your customers to believe that
they aren’t being tracked. Because of insecurities of releasing private
information, customers today are hesitant in giving out information that may lead
to more junk email and unwanted calls. Make certain to assure customers that the
information they provide in response to your customer satisfaction surveys will
not be used. Without this disclaimer, it may be difficult to receive a good response
rate.
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Objectives of the study
Primary objectives:
To study the customer satisfaction towards services provided by
Sharekhan ltd.
Secondary objective:
To analysis the various factor determining customer satisfaction.
To study the customer awareness towards the services provided by the
company.
To identify the various way to improve customer satisfaction.
To provide suggestion to improve customer satisfaction towards the
services.
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RESEARCH -AN OVERVIEW:
Research is a scientific and systematic search for pertinent information on
a specific topic. The advanced learner's dictionary of current English lays down
the meaning of research as "A careful investigation or inquiry especially through
search for new facts in any branch of knowledge." Redman define research as "A
systematized effort to gain new knowledge." Research is an academic activity
and as such the term should be used in a technical sense. According to Clifford
Woody, research comprises of defining and re-defining problems, formulating
hypothesis or suggested solution; collection, organizing and evaluating data;
making deduction and reaching conclusions; and at last, carefully testing the
conclusions to determine whether they fit the formulating hypothesis.
RESEARCH METHODOLOGY:
Research methodology is a way to systematically solve the research
problem. It is a science of studying how research is done scientifically. The
various steps that are generally adopted by a researcher in studying the research
problem along with the logic behind them are studied. The researcher should
know the research techniques, the research methodology, how to develop certain
tests, how to calculate the mean, median, mode or chi-square, how to apply a
particular research technique, which methods are relevant, and which are not,
what would they mean and indicate and why. Researchers should understand the
assumptions underlying the various techniques. Hence,various dimensions and
research method constitute a part of research methodology.
RESEARCH DESIGN:
Research design is the decision regarding what, when, where, how much,
by what means concerning an inquiry or research study constitute a research
design. It can be defined as the arrangement of conditions for collection and
analysis of data in a manner that aims to combine the relevance to the research
purpose to the economy procedure. Research design is needed because it
facilitates the smooth sailing of the various research operations, thereby making
research as efficient as possible yielding maximal information with minimal
expenditure of effort, time and money. In fact, research design has a great bearing
on the reliability of the results arrived at the end as such constitutes the firm
foundation of the entire edifice of the research work.
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DATA COLLECTION:
There are two types of data:
PRIMARY DATA are those which are collected a fresh and for the first
time and thus happen to be original in character.
SECONDARY DATA on the other hand, are those which have already
been collected by someone else and which have already Being passed through the
statistical process. The methods of collecting primary and secondary data differ
since; primary data are to be originally collected, while in case of secondary data,
the nature of data collection work is merely that of complication.
RESEARCH INSTRUMENT:
QUESTIONNAIRE:
A questionnaire is sent to the persons concerned with the request to answer
the question and return the questionnaire. the questionnaire consists of many
questions printed in a definite order on a form or set of forms. The questionnaire
is mail to respondents who are expected to read and understand the questions and
write down the reply in the space lent for the purpose in the questionnaire itself.
The respondents have to answer the questions on their own. In this study, a
questionnaire was collect data from the sample.
SAMPLING METHOD:
Sampling is the process of selecting a sufficient number of elements from
the population, so that a study of the sample and an understanding of its properties
or characteristics would make it possible for us to generalize such properties or
characteristics to the population element. In this study stratified sampling
technique is used.
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STRATIFIED RANDOM SAMPLING:
Stratified random sampling involves a process of stratification or
segregation, followed by random selection of subjects from each stratum. The
population is first divided into manually exclusive groups that are relevant,
appropriate and meaningful in the context of the study.
SAMPLE SIZE:
Total population size is = more than one lakhs.
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Table- 1
Age of the Respondents
Age
No. Of Respondents Percentages (%)
(In years)
20-30 years 36 36%
30-40 years 33 33%
40-50 years 23 23%
Above 50 years 8 8%
Total 100 100%
Inference:
The table shows that 36% of the respondents age is between 20-30 years.
33% of respondents age is between 30-40 years. 23% of respondents age are in
between 40-50 years. 8% of respondents age is above 50 years.
17
Chart-1
Age of the Respondents
40
36%
35 33%
30
No of Respondents
25 23%
20
15
10 8%
0
20-30 years 30-40 years 40-50 years 50 above
Age of the Respondents
18
Table-2
Gender of the Respondents
Male 60 60%
Female 40 40%
Inference:
The table shows that 60% of the respondents are male and 40% of the
respondents are female.
19
Chart-2
Gender of the Respondents
40%
male
female
60%
20
Table-3
Source of income of the Respondents
SOURCES OF
No. Of Respondents Percentage (%)
INCOME
SALARY 36 36%
BUSINESS 27 27%
ANCESTRAL
14 14%
PROPERTY
OTHER 23 23%
Inference:
The table shows that 36% of the respondents are salaried, 27% of the
respondents earn through businesses. 14% of the respondents are having the
source of income as ancestral property and 23% of the respondents earn their
income from various other sources.
21
Chart-3
Sources of income of the Respondents
SOURCES OF INCOME
9%
10%
SALARY
BUSINESS
ANCESTRAL PROPERTY
23% 58%
OTHER
22
Table-4
Annual income of the Respondents
Inference:
The table shows that 44% of the respondents annual income is below 5
lakhs. 36% of the respondents annual income is between 5-25 lakhs. 14% of the
respondents annual income is between 25-50 lakhs and 6% of the respondents
annual income is above 50 lakhs.
23
Chart-4
Annual income of the Respondents
50%
45%
44%
No of Respondents
40%
35%
36%
30%
25%
20%
15%
10% 14%
5%
6%
0%
BELOW 5 LAKHS 5-25 LAKHS 25-50 LAKHS 50 LAKHS AND ABOVE
ANNUAL INCOME
24
Table-5
Mode of receiving contract notes and statements by the Respondents
Contract and
No. Of Respondents Percentage (%)
statements
PHYSICAL (HARD
59 59%
COPY)
ELECTRONICAL
41 41%
(SOFT COPY)
Inference:
The table shows that 59% of the respondents mode of receiving contract &
statements is through physical (Hard copy) and 41% of respondents mode of
receiving contract & statements is through electronically (Soft copy).
25
Chart- 5
Mode of receiving contract notes and statement by the Respondents
51
No of Respondents
50.5
50
51%
49.5
49
49%
48.5
48
PHYSICAL ELECTRONICAL
26
Table-6
Investing (or) trading by the Respondents
YES 90 90%
NO 10 10%
Inference:
The table shows that 90% of the respondents are invested (or) traded in
stock market and 10 % of the respondents are not interested to invest (or) trade in
stock market.
27
Chart-6
Investing (or) trading by the Respondents
INVESTING or TRADING
10%
YES
NO
90%
28
Table-7
Broking house used by the respondents for trading
ZERODHA 4 4%
ANGLE 12 12%
SHAREKHAN 72 72%
Inference:
The table shows that 72% of the respondents choose Sharekhan broking
house for trading. 12% of the respondents choose Angle broking house for
trading. 12% of the respondents choose Pro stocks for trading and 4% of the
respondents choose Zerodha broking house for trade.
29
Chart-7
Broking house used by the respondents for trading
80%
No of Respondents
70%
60%
50%
40%
30%
72%
20%
10%
4% 12%
0% 12%
ZERODHA
PRO STOCKS
ANGLE
SHAREKHAN
BROKING HOUSE
30
Table-8
Respondents opinion towards how they know about Sharekhan Ltd.
Knowing about
No. Of Respondents Percentage (%)
Sharekhan Ltd.
FRIENDS &
20 20%
RELATIVES
ADVERTISMENT 17 17%
Inference:
The table shows that 32% of the respondents are known by their self-
interest. 31% of the respondents are known by sales executives. 20% of the
respondents are known by their friends & relatives and17% of the respondents
are known by the advertisement.
31
Chart-8
Respondents opinion towards how they know about Sharekhan Ltd.
35%
32%
31%
30%
25%
No of Respondents
20%
20%
17%
15%
10%
5%
0%
FRIENDS & RELATIVES ADVERTISEMENT SALES EXECTIVE SELF INTREST
32
Table-9
Financial instruments currently used by the Respondents
FINANCIAL
No. Of Respondents Percentage (%)
INSTRUMENTS
EQUITY & MUTUAL
44 44%
FUND
IPO’s& BONDS 27 27%
CURRENCY &
11 11%
COMMODITIES
OTHERS 18 18%
Inference:
The table shows that 44% of the respondents financial instruments are
equity & mutual funds. 27% of the respondents financial instruments are IPO’s&
bonds. 18% of the respondents investment is on other financial instruments and
11% of the respondents financial instruments are currency & commodities.
33
Chart-9
Financial instruments currently used by the Respondents
50%
45%
40% 44%
No of Respondents
35%
30%
25% 27%
20%
15% 18%
10%
11%
5%
0%
EQUITY & MUTUAL IPO'S & BONDS CURRENCY & OTHERS
FUNDS COMMODITIES
FINANCIAL INSTRUMENTS
34
Table-10
Duration period associated in Sharekhan Ltd by the respondents
Associated with
No. Of Respondents Percentage (%)
sharekhan
Less than 1 years 31 31%
Inference:
The table shows that 38% of the respondents are associated between 1 to
2 years. 31% of the respondents are associated less than 1 year. 19% of the
respondents are associated between 3 to 5 years and 12% of the respondents are
associated between 5 years and above.
35
Chart-10
Duration period associated in sharekhan Ltd by the Respondent
40%
35%
No of Respondents
30%
25%
20%
38%
15% 31%
10% 19%
5% 12%
0%
less than 1 years between 1 to 2 years between 3 to 5 years 5 years and above
Duration period
36
Table-11
Respondents opinion towards demo given by Sharekhan ltd.
Demo regarding
No. Of Respondents Percentage (%)
trading
Yes 84 84%
No 16 16%
Inference:
The table shows 84% of the respondents are assured that demo is provided
by Sharekhan ltd. 16% of the respondents are not assured to provide demo
services by Sharekhan ltd.
37
Chart-11
Respondents opinion towards demo given by Sharekhan ltd.
16%
yes
no
84%
38
Table-12
Trading frequency of the Respondents
Inference:
The table shows 29% of the respondents trading frequency is once in a
week (or) more. 26% of the respondents trading frequency is once in a day .26%
of the respondents trading frequency is many times a week and 19% of the
respondents trading frequency is many times in a day.
39
Chart-12
Trading frequency of the Respondents
30%
No of Respondents
25%
20%
15% 29%
26% 26%
10% 19%
5%
0%
Many times in a Once in a day Many times a Once in a week
day week (or) more
Trading frequency
40
Table-13
Respondents opinion towards allocation of relationship manager.
Yes 61 61%
No 39 39%
Inference:
The table shows that 61% of the respondents feels relationship manager
was allocated to the respondents and 39% of the respondents feels relationship
manager where not allocated to the respondents
41
Chart-13
Respondents opinion towards allocation of relationship manager.
70
60
39%
No of Respondents
50
40
61%
30
20
10
0
YES NO
Relationship Manager
42
Table-14
Respondents opinion towards free educations regarding investment.
Free education
regarding investment No. Of Respondents Percentage (%)
(or) trading
Yes 45 45%
No 55 55%
Inference:
The table showS that 55% of the respondents are not assure to undergo free
education regarding investment (or) trading. 45% of the respondents are assure to
undergo free education regarding investment (or) trading.
43
Chart-14
Respondents opinion towards free educations regarding investment.
45%
55% yes
no
44
Table-15
Sources of stock market information by the Respondents
Tv channel 19 19%
Brokers 6 6%
Other 8 8%
Inference:
The table show that 26% of the respondents sources of stock market
information is through Sharekhan research magazines. 21% of the respondents
sources of stock market information is through newspaper. 19% of the
respondents sources of stock market information is through TV channel. 11% of
the respondents sources of stock market information is through friends / relatives.
9% of the respondents sources of stock market information is through other
research magazines. 8% of the respondents sources of stock market information
through other sources and 6% of the respondents sources of stock market
information is through the brokers.
45
Chart-15
Sources of stock market information by the Respondents
30% 26%
No of Respondents
25% 21%
19%
20%
15% 11%
9% 8%
10% 6%
5%
0%
Tv channel News Sharekhan Other Friends / Brokers Other
paper research research relatives
magazines magazines
STOCK MARKET INFORMATION
46
Table-16
Respondents opinion towards clear explanation regarding terms and
conditions while account opening.
Yes 88 88%
No 12 12%
Inference:
The table shows that 88% of the respondents assured that terms and
conditions are clearly explained and 12% of the respondents assured that terms
and conditions are not clearly explained.
47
Chart-16
Respondents opinion towards clear explanation regarding terms and
conditions while account opening.
12%
88%
48
Table-17
Respondents opinion towards the approach of sales executives.
Yes 68 68%
No 32 32%
Inference:
The table shows that 68% of the respondents feels that sales executives
approach is in good behavior and explained. 32% of the respondents feels that
sales executives are not approach is in good behavior and explained.
49
Chart-17
Respondents opinion towards the approach of sales executives.
32%
68%
50
Table-18
Trading preferred by the Respondents
Online 61 61%
Offline 39 39%
Inference:
The table shows that 61% of the respondents prefer online trading and 39%
of the respondents prefer offline trading.
51
Chart-18
Trading preferred by the Respondents
70
60 61%
NO OF RESPONDENTS
50
40 39%
30
20
10
0
online offline
TRADING
52
Table-19
Reason for preferring online trading of Sharekhan Ltd.
Privacy 23 23%
Convenience 17 17%
Inference:
The table shows that 40% of the respondents choose all the above statement
as a reason for online trading. 23% of the respondents choose privacy over online
trading. 20 % of the respondents choose user friendly & time saving over trading
and 17% of the respondents choose convenience over online trading.
Chart-19
53
Reason for preferring online trading by the Respondents
45%
40%
40%
No of Respondents
35%
30%
25% 23%
20%
20% 17%
15%
10%
5%
0%
Privacy User friendly & time Convenience All the above
saving
ONLINE TRADING
54
Table-20
Respondents opinion towards online trading.
Online trading
No. Of Respondents Percentage (%)
motivates
Yes 86 86%
No 14 14%
Inference:
The table shows that 86% of the respondents feels online trading system
motivate to deal in shares and securities and 14% of the respondents feels online
trading system do not motivate to deal in shares and securities.
55
Chart-20
Respondents opinion towards online trading.
14%
86%
56
Table-21
Respondents opinion towards new updates.
Others 22 22%
Inference:
The table shows that 29% of the respondents receive new updates by letter
format. 27% of the respondents receive new updates by mails and messages and
22% of the respondents receive new updates by phone calls and other format.
57
Chart-21
Respondents opinion towards new updates.
35
29%
30
27%
No of Respondents
25
22% 22%
20
15
10
0
Mails and message Letter format Phone calls Others
NEW UPDATES
58
Table-22
Current portfolio size provided of the Respondents
25-50 Lakhs 4 4%
Inference:
The table shows that 66% of the respondents current portfolio size is below
5 Lakhs. 29% of this respondents current portfolio size are in between 5-25
Lakhs. 4% of the respondents current portfolio size are in between 25-50 Lakhs.
1% of respondents current portfolio size are in between 50 Lakhs and above.
59
Chart-22
Current portfolio size provided of the Respondents
70
66%
60
No of Respondents
50
40
29%
30
20
10 4%
1%
0
BELOW 5 LAKHS 5-25 LAKHS 25-50 LAKHS 50 LACKS AND
ABOVE
Portfolio Size
60
Table-23
Respondents opinion towards trading new issued IPO’s
Yes 65 65%
No P35 35%
Inference:
The table shows that 65% of the respondents are assured to start trading in
newly to issued IPO’s. 35% of the respondents are not assured to start newly in
issued IPO’s.
61
Chart-23
Respondents opinion towards trading new issued IPO’s
70
60
No of Respondents
50
40
65%
30
20
35%
10
0
Yes no
IPO’s
62
Table-24
Online software usage of the Respondents
Satisfied 59 59%
Neutral 7 7%
Dissatisfied 5 5%
Highly dissatisfied 2 2%
Inference:
The table shows that 59% of the respondents are satisfied with online
software. 27% of the respondents are highly satisfied with online software. 7% of
the respondents are neutral with online software. 5% of the respondents are
dissatisfied with online software and 2% of the respondents are highly dissatisfied
with online software.
63
Chart-24
Online software usage of the Respondents
70%
60%
No of Respondents
50%
40%
30% 59%
20%
27%
10%
7% 5% 2%
0%
Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
ONLIN SOFTRWARE
64
Table-25
Executive approach provided to Respondents
Satisfied 44 44%
Neutral 42 42%
Dissatisfied 2 2%
Highly dissatisfied 0 0%
Inference:
The table shows that 44% of the respondents are satisfied with the
executive approach while explaining service. 42% of the respondents are neutral
with the executive approach while explaining services. 12% of the respondents
are highly satisfied with the executive approach while explaining and 2% of the
respondents are dissatisfied with the executive’s approach while explaining.
Chart-25
65
Executive approach provided to Respondents
50%
44%
45% 42%
40%
No of Respondents
35%
30%
25%
20%
15% 12%
10%
5% 2%
0%
0%
Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
EXECUTIVES APPROACH
66
Table-26
Online trading services provided to Respondents
Highly satisfied 8 8%
Satisfied 48 48%
Neutral 38 38%
Dissatisfied 5 5%
Highly dissatisfied 1 1%
Inference:
The table shows that 44% of the respondents are satisfied with the online
trading services. 38% of the respondents are neutral agree with the online trading
services. 8% of the respondents are highly satisfied with the online trading
services and 1% of the respondents are highly dissatisfied with the online trading
services.
67
Chart-26
Online trading services provided to Respondents
60%
50%
No of Respondents
32%
40%
43%
30%
20%
10%
8%
3% 14%
0%
Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
68
Table-27
Offline trading services provided to Respondents
Offline trading
No. of Respondents Percentage (%)
service
Highly satisfied 8 8%
Satisfied 32 32%
Neutral 43 43%
Dissatisfied 3 3%
Inference:
The table that shows 43% of the respondents are neutral with the offline
trading services. 32% of the respondents are satisfied with the offline trading
services. 14% of the respondents are highly dissatisfied with the offline trading
services. 8% of the respondents are highly satisfied with the offline trading
services and 3% of the respondents are dissatisfied with be offline trading
services.
69
Chart-27
Offline trading services provided to Respondents
50
45
No of Respondents
40
35
30
25
20 43%
15 32%
10
14%
5 8%
0 3%
Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
70
Table-28
New updates to Respondents
Inference:
The table shows that 41% of the respondents are satisfied with the new
updates. 35% of the respondents are neutral with the updates. 14% of the
respondents are dissatisfied with the new updates. 8% of the respondents highly
satisfied with the new updates and 2% of the respondents are highly dissatisfied
with the new updates.
71
Chart-28
New updates to Respondents
No of the Respondents
50
41%
40
35%
30
20
8%
10 14%
0
2%
HIGHLY
SATISFIED SATISFIED Series 1
NEUTRAL
DISSATISFIED
HIGHLY
DISSATISFIED
NEW UPDATES
72
Table-29
Charges regarding services to Respondents
Charges regarding
No. of. Respondents Percentage (%)
services
Highly satisfied 6 6%
Satisfied 25 25%
Neutral 39 39%
Dissatisfied 24 24%
Highly dissatisfied 6 6%
Inference:
The table shows that 39% of the respondents are neutral with their charges
regarding the services. 25% of the respondents are satisfied with the charges
regarding the services. 24% of the respondents are dissatisfied with the charges
regarding the services and 6% of the respondents are highly satisfied with the
charges regarding services.
73
Chart-29
Charges regarding services to Respondents
45
40
No of Respondents
35
30
25
20 39%
15
25% 24%
10
5
6% 6%
0
Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
74
Table-30
Respondents opinion towards recommending Sharekhan ltd services to
others in future
Customer
No. of. Respondents Percentage (%)
Recommendation
Highly recommend 13 13%
Recommend 35 35%
Neutral 30 30%
Inference:
The table shows that 35% of the respondents ‘will recommend’ the
services provided by Sharekhan ltd... in future. 30% of the respondents neutrally
recommend the services provided by Sharekhan ltd... in future 14% of the
respondents ‘will not recommend’ the services provided by Sharekhan ltd... in
future. 13% of the respondents ‘will highly recommend’ the services provided by
Sharekhan ltd... in future. 8% of the respondents ‘highly will not recommend’ the
services provided by Sharekhan ltd... in future.
75
Chart-30
Respondents opinion towards recommending sharekhan ltd services to
others in future
40
35
35%
No of Respondents
30
30%
25
20
15
13% 14%
10
5 8%
0
Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied
CUSTOMER RECOMMENDATION
76
CHI-SQUARE TEST
ABOVE
PARTICULAR 20-30 30-40 40-50 TOTAL
50
Highly
10 7 2 7 26
satisfied
Satisfied 22 20 7 8 57
Neutral 1 3 3 1 8
Dissatisfied 3 2 1 1 7
Highly
0 1 0 1 2
dissatisfied
TOTAL 36 33 13 18 100
77
Solution:
O E O-E (O-E)2
78
X 2 = ∑(O-E)2
E
= 41.118
100
X 2= 0.41118
Where, O= the frequencies observed
E= the frequencies expected
Calculated value = 0.41118
Degree of freedom = (r-1) (c-1)
= (4-1) (5-1)
=3x4
= 12
At 5% Level of significance
Table value = 21.026
Calculated value < Table value
Hence H0 is accepted.
Conclusion:
Calculated value= 0.41118, Table value = 21.026,
Since table value is less than calculated valueH0is accepted and H1 is rejected.
Therefore, there is no significant different between age & online software usage
of the customers.
79
Need for the test:
To find out the relationship between the income&satisfaction
towards the services charges.
HYPOTHESIS
Null Hypothesis (H0): there is no significant difference the between income
&satisfaction towards the services charges.
Alternative Hypothesis (H1): there is significant difference between the income
&satisfaction towards the services charges.
50lakhs
Below 5- 25-50
PARTICULAR and TOTAL
5lakhs 25lakhs lakhs
above
Highly satisfied 1 1 2 1 5
Satisfied 7 14 2 2 25
Neutral 22 12 5 2 41
Dissatisfied 13 5 4 1 23
Highly
2 3 1 0 6
dissatisfied
TOTAL 45 35 14 6 100
80
Solution:
O E O-E (O-E)2
2 5 5 25
81
X2= ∑ (O-E)2
E
= 170.5892
100
X2=1.705892
Where, O = the frequencies observed
E = the frequencies expected
Calculated value = 1.705892
Degree of freedom = (r-) (c-1)
= (4-1) (5-1)
=3x4
= 12
At 5% Level of significance
Table value = 21.026
Calculated value < Table value
Hence H1 is accepted.
Conclusion:
Calculated value= 1.705892, Table value = 21.026,
Since table value is less than calculated value, H0is accepted and H1 is rejected.
Therefore, there is no significant difference between income &satisfaction
towards the services charges.
Findings:
82
1. From the study it was found that 36% of the Sharekhan ltd customers age
is in between 20-30 years.
2. 60% of the customers are male in Sharekhan ltd.
3. 36%of the respondents are salaried peoples.
4. 44% of the Sharekhan ltd customers annual income is below 5 Lakhs.
5. 59% of the Sharekhan ltd customers have contract notes & statements by
physically (Hard copy).
6. From the study it was found that 90% of the peoples are doing trading in
stock market.
7. Sharekhan ltd broking house customers are higher than other broking
houses.
8. 32% of the customers know Sharekhan ltd broking house by self-interest.
9. 44% of the Sharekhan ltd customers financial instrument are equity and
mutual funds.
10.Sharekhan ltd customers are mostly associated between 1-2 years.
11.84% of the customers have assured that demo is provided by Sharekhan
ltd.
12.29% of the Sharekhan ltd customers trading frequency is once in a week
(or) more.
13.26% of the Sharekhan ltd customers get their stock market information by
Sharekhan research magazines.
14.88% of the customers assured that terms and conditions are clearly
explained by Sharekhan ltd executives when account opening.
15.From the study it was found that 68% of the customers feels that Sharekhan
ltd sales executives approach is good with clear explanation.
16.61% of the Sharekhan ltd customers prefers online trading system for
trading.
17.40% of the Sharekhan ltd customers choose online trading with the reasons
as privacy, user friendly and time saving, Convenience.
83
18.86% of the Sharekhan ltd customers feels online trading system motivates
to deal in shares and securities.
19.29% of the Sharekhan ltd customers receive new updates by letter format.
20.66% of the Sharekhan ltd customers current portfolio size is below 5 Lakhs.
21.Most of the Sharekhan ltd customers are interested to start trading in newly
issued IPO’s.
22.59% of the customers are satisfied with online software provided by
Sharekhan ltd.
23.44% of the Sharekhan ltd customers are satisfied with the executive
approach while explaining services.
24.44% of the customers are satisfied with the online trading services
provided by Sharekhan ltd.
25.43% of the customers are neutrally satisfied with the offline trading
services provided by Sharekhan ltd.
26.41% of the customers are satisfied with the new updates provided by
Sharekhan ltd.
27.39% of the Sharekhan ltd customers are neutrally satisfied with their
charges regarding the services.
28.From the study it was found that 35% of the customers ‘will recommend’
the services provided by Sharekhan ltd to others in future.
Suggestions:
84
From the above analysis of the survey and personal observation of the
customer towards the awareness of the share and the share company
SHAREKHAN LTD. Lots of experience gained from the survey. The
observations and suggestions provided by the researcher will help the company
to survive in the market and also improvise their market potential in the current
competitive environment. With this the company should take immediate steps to
improve the nature of the business.
1) Most of the customers got information about the company only through the
friends. The company should take necessary steps to concentrate on the
advertisements. Though they are advertising online, it is necessary to
advertise in TV, Radio and Press; only when they give these kinds of
advertisements they can get lot of customers.
2) The company should explain more about online trading services provided
by Sharekhan ltd.
3) The company should not provide unreasonable messages and phone calls
to the customers.
4) Many of the customers are not aware of software. Usefulness of such
software should be explained to them by giving demonstration, which it is
necessary for them to buy and sell the shares and to look after the market.
5) The company may think of deputing skilled relationship managers (RMs)
to help the customers through proper guidance and by passing on relevant
information.
85
Limitations of the Study:
86
CONCLUSION:
On the basis of the study it is found that Sharekhan ltd. Is better service
provider than the other stockbrokers because of their timely research and
personalized advice on what stocks to buy and sell. Sharekhan ltd. provides the
facility of trade tiger as well as relationship manager facility for encouragement
and protects the interest of the investors. It also provides the information through
internal and mobile alerts that what IPO’s are coming in the market and it also
provides its research on the future prospect of the IPO.
The company also organizes seminar and similar and similar activates to
enhance the knowledge of prospective and existing customers, so that they feel
more comfortable while investing in the stock market.
Majority of the customers are very happy offers and schemes. Some
customers are concerned about margin money, annual maintain cost and
brokerage charges. But according to the data majority of the customers are highly
satisfied with the Sharekhan ltd.
87
BIBLIOGRAPHY
WEBSITE
www.Sharekhan.com
www.economictimes.com
www.moneycontrol.com
www.bseindia.com
www.nseindia.com
www.sebi.gov.in
www.investors.com
www.investopedia.com
OTHERS
89
□Equity& Mutual fund □IPO’s &Bonds
□Currency & Commodities □Others
10) For how long year have been associated with Sharekhan Ltd?
□Less than 1 year □Between 1 to 2 years
□Between 3 to 5 year’s □5 years & Above
11) Was the demo regarding trade has been provided to you by Sharekhan Ltd?
□Yes □No
12) What is your frequency of trading?
□many times in a day □once in a day
□many times a week. □ once in a week or more
13) Do you have a relationship manager allocated to you?
□Yes □No
14) Would you like to undergo free education regarding Investment?
□Yes □No
15) What is your source of stock market information?
□ TV channel: □CNBC □NDTV PROFIT □other (specify)
□Newspaper: □Economic time’s □Others (specify)
□Share khan research magazines □Other research magazines
□Friends/Relatives □Brokers □Others (specify)
16) Whether terms and conditions of account opening clearly explained to you?
□Yes □No
17) Whether the sales executives of Sharekhan Ltd approached you with good
behavior and explaining?
□Yes □No
90
20) Does online trading system motivate you do deal in securities & shares?
□Yes □No
21) How do you get new updates?
□Mails and Message □Letter format
□Phone calls □Others
22) What is your current portfolio size?
(Total investment in shares and mutual fund)
□Below 5 lakes □5-25lakes
□25-50lakes □50lakes and above
23) Have you interest in start trading newly issued IPOs?
□Yes □No
91
Highly
Highly
Satisfied Neutral Dissatisfied dissatisfied
satisfied
24.Online
software usage
25.Executive
approach
while
explaining
services
26.Online
trading
services
27.Offline
trading
services
28.New
updates
29.Charges
regarding
services
30) How will you recommend the services provided by Sharekhan Ltd in
future?
□Highly recommend □Recommend □Neutral
□Will not recommend □Highly will not recommend
31) What is your feedback to improve the service?
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92