A STUDY ON FINANCIAL DERIVATIVES (With special reference to ANGEL BROKING LTD PMS Regn Code: PM/INP000001546, GAJUWAKA) A Synopsis

of the project report submitted to Andhra University, Visakhapatnam In partial fulfillment for the award of the degree of MASTER OF BUSINESS ADMINISTRATION By Mr. B.SRINIVASAREDDY Regd No-110274802048 Under the guidance of Miss. N.NEERAJA B.Tech, M.B.A

D.N.R COLLEGE P.G.DEPARTMENT OF MANAGEMENT STUDIES (Accredited at the A Level by NAAC) (APPROVED BY AICTE, NEW DELHI AND AFFILIATED TO ANDHRA UNIVERSITY, VISAKHAPATNAM) BHIMAVARAM 534202 (2010 -2012)

CERTIFICATE

This is to certify that the project title A study on Financial Derivatives submitted by

Mr.B.SrinivasaReddy in partial fulfillment for the award of the degree of MBA is a record of bonafide work done by him under my guidance and supervision.

Project Guide N.NEERAJA

Head of the department Mr. T. SOLAMAN RAJU

ACKNOWLEDGEMENT I am very much indebted to my project guide Ms.N.NEERAJA and course director Mr. T. SOLAMAN RAJU P.G. Department of management studies, D.N.R.College Bhimavaram for his valuable guidance and advice, encouragement and help from the beginning of the project till completion of record. I record my deep sense of gratitude to Dr.G.SURYARAO, Director, D.N.R.College, P.G.Courses, Bhimavaram, for providing me the opportunity to undergo summer training programme. I take this opportunity to convey my sincere thanks to G.SAMBASIVARAO, Financial Manager of Visakhapatnam Branch. The Angel Broking Ltd. GAJUWAKA, for giving me an opportunity in their organization. I also remember the utmost guidance given by my project guide from the organization Sri.P.SANTHOSH, to succeed in my project. I express my thanks to my parents for giving me moral and encouragement throughout my studies. I deeply appreciate one and all whose guidance has been given at every step and whom this work would not completed . B.SRINIVASAREDDY

DECLARATION
In the under signed below declare that the project report fitted A study on financial derivatives is written and submitted me under the guidance of Ms.N.Neeraja. The empirical findings in the report are based on the data collected by me during the summer placement training program and also that the matter presented here is not a reproduction of any other source and it is an original work done by me. I here by understand that only such coping is liable to be punished in any way by the university authorities deem fit. Place: Bhimavaram Date: Mr. B.SrinivasaReddy Reg No: 110274802048 Batch: 2010-2012

CONTENTS CHAPTER-1 INTRODUCTION

Page no 1-7

NEED FOR THE STUDY

OBJECTIVES OF THE STUDY SCOPE OF THE STUDY METHODOLOGY OF THE STIDY LIMITATIONS OF THE STIDY CHAPTER-2 INDUSTRY PROFILE 8-16

CHAPTER-3 COMPANY PROFILE

17-49

CHAPTER-4

50-119

CONCEPTUAL FRAME WORK 120-123

CHAPTER-5 FINDINGS AND SUGGESTIONS BIBLIOGRAPHY