The maintenance of site should be done on weekends when there is no load of

The maintenance of site should be done on weekends

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The maintenance of site should be done on weekends when there is no load of work. 5.3 Learning’s from the internship : The things that I learnt from my internship are as follows: 1. To open a demat account the client has to submit his adhar card, pan card, cancelled cheque, esign declaration form that contains the client’s signature and photo. A copy of bank passbook is required to be submitted if clients name isn’t printed on cheque. The account gets activated within 3 days after submission of documents and verification of the client. For verification of client, if the client is kyc compliant and if his mobile number is linked with adhar card then otp can be used orelse biometric method. But if the client is non-kyc compliant and even if his mobile number is linked with adhar card, he can only use biometric method. 2. Various types of mutual funds are as follows: Open ended or Close ended, Equity funds, Debt funds or Balanced Funds. 3. The ways of investing in mutual funds are as follows: Institute Of Management Development And Research Page 71
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Lump sum: In this, one can invest a large amount at one time only. He can later make additional purchase, if he wishes to invest more in the same fund. Sip (Systematic Investment Plan): One has to invest a fixed amount for every month on a specified date. To gain more benefit from this, the minimum duration for investing in sip is 5 years. Swp (Systematic Withdrawal Plan): here, it provides the investor with a specific amount of payout at a pre-determined time intervals like monthly, quarterly, half- yearly or annually. 4. To buy and sell shares online To buy shares one needs to transfer money from their bank to demat account. After opening up of dmat account the client is provided with a login id and password through which one can trade from nse site/app. For selling of shares, one needs to login to their demat account and sell the shares they want to. The amount of sold shares gets credited to their demat account. This amount can be reinvested or can be taken for personal use by giving the request for funds withdrawal. After the request is given, the amount gets credited to their bank account. 5. To apply for mutual fund new scheme, switch, redemption online. 6. About agencies for kyc registration. There are 5 agencies through which kyc can be registered namely; Karvy, CVL, Dotex, CAMS, NDML. 7. To generate lead: To induce other companies agent to become a partner of nj by calling them, taking follow-up, doing one-to-one visit. 8. Process of becoming a partner of nj. The person who wishes to become a partner of NJ has to register with NJ by giving Rs 10000. Then he has to give psychometric test. Once he clears this test he has to give amfi exam and after clearing this he needs to attend the basic training program at the NJ centre. After completing the training, the individual becomes the partner of NJ. 9. Scope of mutual funds (Future) Most of the people in India still rely on FD’s, PPF for investment. Only 31% of people have invested in mutual funds for more than 5 years. More people can begin to invest in this industry if awareness is created. Thus, this industry is likely to grow.
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  • Fall '17
  • Mahvish ali

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