Kotak Securities Ltd. is India's leading stock broking house with a market share of around 8%. Kotak Securities Ltd. has been the largest in IPO distribution. The accolades that Kotak Securities has been graced with include Finance Asia Award (2004)- India's best Equity House Prime Ranking Award (2003-04)- Largest Distributor of IPO's Finance Asia Award (2005)-Best Broker In India Euro money Award (2005)-Best Equities House In India. The company has a full-fledged research division involved in Macro Economic studies, Sectoral research and Company Specific Equity Research combined with a strong and well networked sales force which helps deliver current and up to date market information and news. It is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), providing dual benefit services wherein the investors can use the brokerage services to the company for executing the transactions and the depository services for settling them. Kotak Securities has 122 branches servicing more than 1,70,000 customers and a coverage of 187 cities. Kotaksecurities.com, the online division of Kotak Securities Limited offers Internet Broking services and also online IPO and Mutual Fund Investments. Kotak Securities Limited manages assets over 2500 crores of Assets Under Management (AUM) .The portfolio Management Services provide top class service, catering to the high end of the market. Portfolio Management from Kotak Securities comes as an answer to those who would like to grow exponentially on the crest of the stock market, with the backing of an expert.
[...] Depository Services Kotak Securities is a depository participant with the National Securities Depository Limited and Central Depository Services (India) Limited for trading and settlement of dematerialized shares. Since it is also in the broking business, investors who use its depository services get a dual benefit. They are able to use its brokerage services to execute transactions and its depository services to settle these. WHAT THEY OFFER easy equity Easy derivatives at Kotak Securities, make investing in derivatives simpler. Their derivatives seminars educate new entrants in the derivatives market more equipped with knowledge and techniques. [...]
[...] Buy on close: To buy at the end of a trading session at a price within the closing range. Calendar spread: The simultaneous purchase and sale of futures contracts for different delivery months of the same financial instrument. Also called an intracommodity spread, a horizontal spread or a time spread. CAPM: Capital Assets Pricing Model. The equilibrium expected return on an asset depends on the riskless interest rate, the expected return on the market and the asset's beta value. Carrying charges: The total cost of carrying an asset forwards in time, including storage, insurance and financing costs. [...]
[...] The closing value of underlying Index of the cash market is taken as the final settlement price of the futures contract on the last trading day of the contract for settlement purpose. Margin money The aim of margin money is to minimize the risk of default by either counter-party. The payment of margin ensures that the risk is limited to the previous day's price movement on each outstanding position. However, even this exposure is offset by the initial margin holdings. [...]
[...] A futures contracts on a stock is one where the party with long position agrees to buy a certain number of shares of a company at a certain price at a certain date in future and the party with short position agrees to deliver the same and receive the amount. The contract may also be cash- settled so that no physical deliver is made. Like other future contracts, when two parties agree for a trade, the clearing corporation steps in and assumes a counter party position to each of them. [...]
[...] This depends on the Value of a Futures contract; Value of the portfolio to be Hedged; and Sensitivity of the movement of the portfolio price to that of the Index (Called Beta). The Hedge Ratio is closely linked to the correlation between the asset (portfolio of shares) to be hedged and underlying (index) from which Future is derived. Hedge funds A hedge fund is a term commonly used to describe any fund that isn't a conventional investment fund, i.e., it uses strategies other than investing long. [...]
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