Raja Balwant Singh College organized an online industry visit on April 14, 2021 for BBA students to Raghunandan Money, a financial services company founded in 2004 in Dholpur, MP. The company provides brokerage services, depository services, mutual funds, insurance, and other financial products. It has over 200 employees and branches across North India, with a turnover of 100-300 crore annually. The visit provided an overview of the company's history and services.
Raja Balwant Singh College organized an online industry visit on April 14, 2021 for BBA students to Raghunandan Money, a financial services company founded in 2004 in Dholpur, MP. The company provides brokerage services, depository services, mutual funds, insurance, and other financial products. It has over 200 employees and branches across North India, with a turnover of 100-300 crore annually. The visit provided an overview of the company's history and services.
Raja Balwant Singh College organized an online industry visit on April 14, 2021 for BBA students to Raghunandan Money, a financial services company founded in 2004 in Dholpur, MP. The company provides brokerage services, depository services, mutual funds, insurance, and other financial products. It has over 200 employees and branches across North India, with a turnover of 100-300 crore annually. The visit provided an overview of the company's history and services.
• SUBMITTED TO vikram divakar sir • Roll no. 20 • Topic industrial visit of raghunandan money • College raja balwant singh Acknowledgement Success of efforts depends solely on the blessing of ‘Almighty’ and our elders who groomed us time to time. Firstly I would like to thank our Dean ma’am Dr. Nidhi Agarwal for organizing this industrial visit in the time of Covid-19 pandemic. Also I would like to thank our Professor Mr Vikram Divakar sir for giving us guidance to prepare this industrial visit report. Also I would like to thanks my family members and parents who giving me such important information. I owe a deep sense of gratitude towards the team of Raghunandan money company whose ungrudging and everlasting help has made it possible to shape the endeavour in a right direction. Overview of industry visit
• RAJA BALWANT SINGH COLLEGE, AGRA
(Department of BBA and BCA ) has organized an industry visit on 14th April 2021 to Raghunandan Money Industry Private Limited which was located in 26/257 B Near Ashish palace, Sultanganj, Agra, Uttar pradesh. This industry visit providing only for the BBA (Third Semester ) Student. This industry visit conduct online through goggle meet at 5:00pm. How the company started • Journey of Raghunandan money started in Dholpur, in a small town in the year 2004. The company madhya pradesh started by two person in a single room with 2 computer system. Inspite of being started in a small town Raghunandan money has grown tremendously and is performing better many other brokers in the industry. When the company started growing it moved to agra instead of going metro cities with the sole objective of increasing employment opportunities for the people of the town and near by areas. So this is the journey of raghunandan money company INTRODUCTION ABOUT RAGHUNANDAN COMPANY
• Incorporated in the year 2004, at Raghunandan Money we keep a firm
belief in the power of knowledge to bring you happiness through superior market returns and greater value for money. In a short span of less than a decade, we have created many benchmarks of success. Today we are bringing smiles and financial success to 50,000 happy clients over 200+ cities and towns with our dedicated team of 300+ members spread across 250+ locations. We are one of the prominent integrated financial services groups, providing an exhaustive range of products and unmatched financial services.
• We're not just another financial service provider. At Raghunandan
Money, we also present highly profitable business opportunities for promising entrepreneurs. Our product bouquet consists of Equity, Equity Derivatives, Depository, Commodities Derivatives, Commodities Spot, Currency Derivatives, IPOs, Mutual Funds, Insurance (Life & General), Bonds & Corporate FDRs. INTRODUCTION ABOUT COMPANY MANAGING DIRECTOR • Founder and promoter of the Raghunandan Money Group, Mr. Saurabh Mittal is a Management Graduate having rich and extensive experience of more than 19 years. He has an in-depth knowledge and a strong understanding of various intricacies of Financial Markets. It is through his exceptional leadership skills and outstanding commitment towards the group that Raghunandan Money today has become the leading Broking House with an extensive client base and widespread network of sub brokers & branches. His efforts have led to the diversification of group businesses from Equity & Commodity Broking to Depository Services, IPOs & Mutual Funds distribution, Insurance Products, Wealth Management, Advisory Services and Financial Education. Under his leadership, the organization has rapidly expanded and made a widespread presence across India and has seamlessly grown into a financial services company par excellence. • Mr. Kapil Mittal, co-promoter of the company, is an Engineering and Management Graduate having more than 16 years of experience. He is heading the Research and Product Development division of the company. His great dedication and devotion to his work is an inspiration for his team. A man of great intellect, his ideas have helped Raghunandan in the introduction of new financial services such as distribution of Mutual Funds, IPOs and Insurance Products. His style of working is highly motivational to his team members. Mr. kapil Mittal is a person with unmatched sharp calculative skills and analytical bent of mind. Types of Account Raghunandan money offers 2 trading plans to its customers--:
• Zero Brokerage Zero brokerage plan is a plan
where broker offers no charge for any kind of trade. This concept was commenced keeping in mind the rising number of traders in Indian share market.
• Happy Service Plan Under the Happy service plan, we have
different slabs for new customers. Whether you are new to the market or you already have a trading account with any other company, we provide very competitive rates in the industry. In general, we charge quite less than any other broker charges in the industry. Brokerage charges may vary up to 03 paise for intraday trades 30 paise on delivery. These charges are based on a transaction per crore basis. How long it takes to activate the account? What documents are required?
• We generally open an account in 24 to 48 hours, if all
documents are accurate. The documents required for opening the account includes – • Identity proof • Address proof • Proof of income (mandatory when you sign in for trading in any derivatives segments) • Copy of a cancelled cheque as a proof of your bank account • One passport size photograph Rmoney Online Account Opening • You could open an account with RMoney in two different ways: • Instant Online Account Opening RMoney offers 5-minute paperless online account opening process. The eKYC and Aadhaar based account opening is the fastest and most convenient way of account opening with RMoney. • If you have Aadhaar number and your Aadhaar number is mapped to correct mobile number, the account opening process just 5 minutes. After completing the online application, the online trading accounts get activated in just a few hours.
• Open Account at Branch You could also visit the Raghunandan
Money branch in your city to open an account. The branch locator is available on its website. RMoney has branches/franchise offices in most of the cities in North India. Advantages of Raghunandan Money • The company offers both discount and traditional full-service brokerage plans. • Discount Brokerage plan is slight cheaper (Rs 8 per trade) then Zerodha and Upstox (Rs 20 per trade). • Simple and cheaper brokerage plan of Rs 18 per executed order. This is irrespective of segment (Equity, F&O, and Currencies) or size of the order. • A free trading platform including Mobile App, Website and Trading Terminal to all. • Offers free technical, derivative and fundamental research & advice to customers. • Unlimited Call & Trade is available for free to customers. Most discount brokers charge extra for broker-assisted trades. i.e. Zerodha / Upstox charge Rs 20 extra and 5Paisa charge Rs 10 extra. • Personalized dealer (one point contact) is available on request to all. • Offer to trade at BSE, NSE, MCX, and NCDEX. Disadvantages of Raghunandan Money
• Doesn't offer the 3-in-1 account.
• RMoney Demat debit transaction charges are Rs 12 + gst per script. Most other discount brokers charge flat Rs 8 per transaction. • Trading SMS Alerts for live trade confirmation are available for Rs 100 per month per segment. Achievements of Rmoney • Largest commodity broker in India • Among the top 2 in the country by contributing 24.46% of ICEX overall exchange volume • No.1 stock broker for commodity trading by contributing 17.3% of NCDEX overall exchange volume • Among the top 10 stock brokers in the country by contributing 3.29% of the MCX exchange volume Awards and Recognition • Winner of Times of India Brand Excellence Award 2015 in Financial Services • Winner of ‘Commodity Broker of the Year 2016-17’ from MCX Exchange • Winner of NCDEX ‘Krishi Pragati Award’ (2017) • Received ‘Pillars of Commodity Derivatives Market Award 2018-19’ from MCX • Recognised as ‘Top Performer in Currency Derivatives 2018- 19’ by BSE • Received ‘Pillars of Commodity Derivatives Market Award 2019-20’ from MCX Services Offered By RMoney. Product of Raghunandan Money Turnover and its Employees • Website https://rmoneyindia.com/ • Industries Financial Services • Company Employees 201-500 employees • Headquarters Noida, Uttar Pradesh • Type Privately Held • Founded 2004 • Specialties Demat Account, Broking, Commodity Trading, Share Trading, Investment Products, Mutual Funds, IPOs, Bonds & FDRs, Insurance, e-Insurance, NPS, Postal Saving Schemes, Online Trading, Mobile Trading, Discount brokerage, Equity, Research, Depository, Currency, options, and Corporate FDRs • Turnover of company 100 to 300 crore Approx