WEALTH MANAGEMENT

AT
BAJAJ CAPITAL LTD.

SUMMER INTERNSHIP PROGRAM PROJECT REPORT

SUBMITTED IN PARTIAL FULFILMENT OF MBA 2018-20

Submitted By:
Shashwat Jain
MBA Banking & Finance
AMITY UNIVERSITY HARYANA

Company Mentor
Mr. Nitin Ambardar
Senior Manager
Bajaj Capital Ltd.
 ACKNOWLEDGEMENT

Apart from my efforts, the success of this project was largely facilitated by encouragement and
guidance of many others. I take this opportunity to express my gratitude to the people without
whom this project would not have been a success.

I would like to acknowledge the efforts and support of my corporate mentor Mr. Nitin Ambardar,
Senior Manager, for their guidance at Bajaj Capital Ltd. He is extremely cooperative and willing
to share his valuable experiences with me and helping me understand the equity market and the
capital market and their investment opportunities and returns.

I am highly obliged to all the managers who are included in this project for their cooperation
throughout the internship. They helped me with my doubts and gave me the full support.

Shashwat Jain
MBA Banking & Finance
Amity University Haryana
EXECUTIVE SUMMARY
PROJECT INTRODUCTION
Being in the organization, my errand was to manage the new and additionally existing
customers in order to refresh their portfolio and help them making more riches by instructing
them about the mutual funds (SIPs). Contributing is a strategy of building riches, yet it's not just
for the well off. Anybody can begin contributing, and different adaptable vehicles make it
simple in the first place little sums, and building a portfolio in the end. Indeed, separates
contributing from betting that it requires investment - it requires tolerance.
Contributing is the demonstration of conferring cash or funding to an undertaking, with the
desire for getting an extra salary or benefit. Venture is critical to achieve one's monetary
objectives and gives cushion to unanticipated costs that may emerge in future.

ASSIGNMENTS PERFORMED
TASK 1: Financial Literacy Survey
In this, we have to survey the individuals of age ranges between 22 to 48 to study the
awareness of financial avenues, available in the market, amongst them and also to know their
point of view towards them.
TASK 2: Wealth Premiere League
In this, we have to make people aware about mutual funds and one of its scheme known as SIP-
Systematic Investment Planning and to help them in onboarding for the same.

ACTION PLANS
Approaching persons and setting up a meeting with them.
Understanding their financial goals.
Managing their wealth by doing financial planning of them in order to help them in achieving
their goals by making them aware about different financial avenues in which they can invest in.

CONCLUSIVE EXPERIENCE
Openness in speaking to new persons.
Managing the clients’ wealth by making their investment portfolio.
Creating awareness about financial industry and their offerings and also helping them in
selecting the best avenue to be invest in accordance with their age and future perspectives.
ABOUT COMPANY
 About Bajaj
 Bajaj Group is an Indian conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. Bajaj
Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra.
 The group comprises 37 companies and its flagship company Bajaj Auto is ranked as the
world's fourth largest two- and three-wheeler manufacturer. Some of the notable
companies are Bajaj Auto Ltd, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals,
Mukand Ltd, Bajaj Hindusthan Ltd and Bajaj Holding & Investment Ltd.
 The group has involvement in various industries that include automobiles, home
appliances, lighting, iron and steel, insurance, travel and finance.
 Bajaj Group is an Indian conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. Bajaj
Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra.
 Founded: 1926
 Revenue: ₹425.5 billion INR
 Headquarters: Ahmedabad, India
 Founder: Jamnalal Bajaj
 Subsidiaries:
 Bajaj Auto
 Bajaj Electricals
 Bajaj Finserv
 Mukand Ltd
 Bajaj Hindusthan
 Investment Ltd.
 Bajaj Finance Limited
 Mukand Engineers Ltd
 Bajaj Holdings
 Bajaj Allianz General Insurance Company Ltd
 Bajaj Allianz Life Insurance Company Ltd.
 Number of employees: 45,000

About Bajaj Capital limited:

Bajaj Capital has an experience of number of years and is specialized in offering its customers
with true and best of knowledge about the product with transparent and detailed information.
Bajaj Capital follows the principle of at most good faith i.e. giving complete and detailed
information to its customer.
Bajaj Capital aims towards treating customer money as one’s own father retired father’s money
which greatly explains of hard earned money of customer being treated as of great value.
Bajaj Capital is working as a broker between the company and customer and is engaged in
providing detailed and transparent knowledge to its customers and instead of working upon
convincing its customer for the product the company deals in educating its customer. The
customer is entitled to get to know about different schemes before the customer makes and
actual investment.
Number of products are being offered by Bajaj Capital and it acts as an intermediary between
the customer and the company of the product and also acts a financial advisor for its customer.
Recently Bajaj Capital has won UTI CNBC Best Financial Advisor Award for the 7 th time and 4th
time in a row.

Main Reasons to choose Bajaj Capital:

1. Bajaj Capital provides with the wide variety of products to its customer.
2. Bajaj Capital is easily approachable due to over 150 offices in INDIA with approximately
45,000 employees associated in Bajaj to provide value service to its customers.
3. Bajaj Capital provides with the hassle free service and process to its customers with timely
updates and portfolio of customers being timely reviewed and it also has a 24*7 online
call centre working in support providing to its customers and helps in keeping updated
about the investments of the customers.
Bajaj capital works on the need based of customer, and is a personalized solutions of investments
in INDIA for its customer. It has variety of products but planning for its customer and service
being provided depends upon the need and requirement of the customer also taking customer’s
dreams into consideration. It means the service is irrespective of the fact the age and gender of
the customer such as;

 Retirement
 Wealth Creation
 Tax Saving
 Children’s Future
 Buying property
 Owning a car

Bajaj Capital makes use of 360° Financial Assessment tool for its customer. It is a unique scientific
tool which helps in accessing the financial health of tis customer. There are number of questions
involved certainly 10 in number depending upon customers answers the financial health is
approximately analysed and it can be further worked upon in needs and requirement of the
customer. This scientific tool helps in identifying the right product for its customer asper their
financial goals. The assessment by this tool and its working takes place in three steps which are
discussed as:

1. Need Analysis:
Customer’s needs and goals are identified, their preference and risk appetite is also taken into
consideration that is he is a risk lover, risk neutral or risk averse i.e. the amount of risk a customer
is ready to take.

2. Scheme Selection:
After analyzing the needs of the customer the customer is showcased with number of preferable
schemes which will help in achieving his goals i.e. it provides the customer with number of
products for their needs and requirement of enhance their financial health as desired.

3. Efficient Execution:
Last step but surely not the least one is the effective execution of the scheme plan of the
customer as decided upon and being with the customer at every end and providing him with the
effective services.

Products offered by Bajaj Capital:

 Mutual Funds
A mutual fund is a scheme i.e. investment fund which pools in money from the investors
to purchase number of securities. The investor could be retail or institutional in nature.
The main advantage of the mutual fund is that it provides economies of sale, a higher
level of diversification and liquidity.
Mutual fund pools in the savings of number of different investors who mutually shares a
common financial goal. Anybody with interest can invest in mutual fund. The fund
manager deals in investing the money in different types of securities. These different
securities may include shares of different companies, debentures, money market
instruments, depending upon the objective of scheme’s stated to the customer.
The returns depends upon the market and risk involved instead of assured stated returns.
Basically these are effective for long term investments because , market returns have the
potential to perform better in long run as compared to assured returns, thus Mutual Fund
is the most cost effective financial products.

 Insurances
Insurance are categorised under three categories such as:

1. General Insurance:
 General Insurance is a wide term and comprises of insurance of property against fire,
burglary etc, personal insurance such as Accident and Health Insurance. All insurances
apart from life insurances comes under general insurance.

2. Life Insurance:
Life policies are legal contracts and the terms of the contract describe the limitations
of the insured events.

3. Re-insurance:
This term is defined for re insuring a insurance company. It broadly states about when
an insurance company get its insurance to meet uncertainties and risks when the
company is not able to give out the desired insurance claim.

 Company fixed deposits

These are defined as the deposits made by the investors in companies to earn a stated
rate of return over their investment over a certain period of time as desired. Along with
manufacturing companies, financial institutions and Non-Banking Finance Companies
(NBFCs) also accept these deposits.

 National Pension Scheme

 Minimum annual contribution of Rs 1,000 a year
 You get Permanent Retirement Account Number
 Choice of 8 Pension Fund Options
 Choice of Lifestyle Fund- Auto allocation of funds as per age
 Choose your fund managerStart getting pension from annuity service provider after age
60

NPS can be run parallel to Superannuation, Gratuity, PF, EPF and any other pension schemes
offered to the employees of organized entities.

 IPOs
IPO (Initial Public Offer) of good and growing Companies keep on coming in the market.
One should keep a tap on such IPO’s. It has been observed over the years that investors,
who bought equity shares (through primary market)as long term investment have made
sizeable amount

 Bonds
A bond is an instrument of indebtedness of the bond issuer to the holders. The most
common types of bonds include municipal bonds and corporate bonds. The bond is a debt
 security, under which the issuer owes the holders a debt and is obliged to pay them
interest or to repay the principal at a later date, termed the maturity date. Interest is
usually payable at fixed intervals. Very often the bond is negotiable, that is, the ownership
of the instrument can be transferred in the secondary market.in bonds the authorised
issuer of it i.e. the company, financial institutions, or government offers regular or fixed
interest to its customers in return of the money borrowed, and is for the particular time
period This money earns you a predetermined interest rate at regular intervals. The
principal amount is repaid at the end of the maturity period.

 Real estate
It involves buying and selling of properties.

Bajaj Capital encourages the SIP (Systematic Investment Planning) and correlates it with the
Crorepati scheme.
 INTRODUCTION

WEALTH MANAGEMENT
Wealth management is something past theory urging, as it can incorporate all parts of a man's
money related life. The thinking is that instead of trying to fuse proposals and diverse things
from a movement of specialists, high aggregate resources individuals advantage from a widely
inclusive approach in which a lone boss organizes each one of the organizations anticipated
that would manage their money and plan for their own specific or their family's present and
future needs.
While the use of a wealth manager relies upon the speculation that he or she can give benefits
in any piece of the money related field, some speak to significant expert particularly locales.
This may be established on the capacity of the wealth chairman being alluded to, or the basic
point of convergence of the business inside which the wealth boss works.
FINANCIAL PLANNING
Financial planning does inferred for wanders and also it does fuses diverse areas, for instance,
chance longing for, cash streams, assets and liabilities, hypothesis needs to meet ones Financial
Goals, Insurance needs in the wake of thinking about each and every current asset and
resources one cases.
Individuals haven't notwithstanding wizened up to the advantages of an authority bearing; they
consider the changing condition and need to get ready for their entire arrangement
commitments. Such sorting out and hypotheses are not made with satisfactory research and
are all the time done on an adhoc or push start and individuals wind up get-together financial
things that don't oblige their need or simply more frightful have high costs at any rate give low
returns.
Shockingly, lion's offer of speculation supports in Indian nuclear families lie in Fixed Deposits
and PPF accounts which are low eagerness obtaining and now and again don't cover extension.
From now on honest to goodness returns are negative. It manufactures the noteworthiness of
proper financial planning in India.
KINDS OF FINANCIAL PLANNING
1. Goal based Financial Plan
The goal-based financial plan can get more complex, when we provide for multiple goals, with a
different asset allocation for each goal, and different projected returns for each asset class.
Goal-based financial plans are a usual starting point for the investor- planner relationship.
2. Compressive Financial Plan
A comprehensive addresses the above limitations of a goal-based financial plan. It provides
complete information on the overall financial position of the investor, and how the financial
goals will be met periodically. Multiple formats of Comprehensive Financial Plan are possible,
for various situations.
ROLE OF FINANCIAL PLANNER/ WEALTH PLANNER
The financial planner’s fundamental role is to ensure that the investors have adequate money/
wealth for various financial needs/ goals. While performing this role, financial planners offer
some or all of the following services:
 Preparing a financial blue print for the investors future
 Advice on investment in share market
 Advice on investment in small savings schemes and other debt instruments
 Advice on investment in mutual funds and other investment products
 Suggesting a suitable asset allocation based on risk profile of the investors
 Management of loans and other liabilities
 Insurance planning and risk management
 Tax planning
 Planning for smooth inheritance of wealth to the next generation.
LIFE CYCLE
People go through various stages in the life cycle, such as:
 Young and unmarried
 Young and married, with no children
 Married and having young children
 Married and having older children
 Retirement
Position on the life cycle determines the kinds of challenges the investors is likely to face and
therefore the approach to financial planning.
For instance, younger investors have the entire earning cycle ahead of them. Their insurance
needs will be high. Those with dependents need to have adequate life insurance to protect the
family against untimely demise.
At a young age, saving and spending habits are formed. Systematic Investment Plans (SIPs) are
a good way to ensure that the investor does not fritter away any money. They need to be
educated on how starting saving early ensures a comfortable future.
Parents with young children need to prepare for sudden significant outflow, for education or
marriage or such other requirement of children. They also need to plan for their retirement, not
only in terms of financial assets, but also corporate perks that may not be available in future,
such as medical re-imbursement, accommodation, car, club facilities etc.
On retirement, if salary or business earnings were to stop, then investors need to be cautious in
taking risks. At a younger age, the investors can take greater risk. Asset Allocation is a key
decision across the life cycle of the investors.
WEALTH CYCLE
As with life cycle, the position of the investor on the wealth-cycle changes over time. The key
stages are:
1. Accumulation
2. Distribution
3. Transition
4. Windfall Gain
5. Inter-generation Transfer

SYSTEMATIC APPROACH TO INVESTING

In the long term, equity share prices track corporate performance. More profitable a company,
higher is likely to be its share price. However, in shorter time frames, the market is
unpredictable. Market fluctuations are a source of risk for investors. Over the period of time
equity has given a better return than any other source of investments. Hence it is the major
investment avenue in wealth management. Because of this reason investors are advised to take
a systematic approach to investing. This can take any of the following forms:
1. Systematic Investment Plan (SIP)
Systematic Investment Plan is an investment strategy wherein an investor needs to invest the
same amount of money in a particular mutual fund at every stipulated time period. Though an
SIP, an investor commits to invest a constant amount periodically.
2. Systematic Withdrawal Plan (SWP)
SWP refers to Systematic Withdrawal Plan which allows an investor to withdraw a fixed or
variable amount from his mutual fund scheme on a preset date every month, quarterly, semi-
annually or annually as per his needs.
3. Systematic Transfer Plan (STP)
STP refers to the Systematic Transfer Plan whereby an investor is able to invest lump sum
amount in a scheme and regularly transfer a fixed or variable amount into another scheme.

FINANCIAL PLANNING TO WEALTH MANAGEMENT

Financial planning attempts to ensure abundancy of focal points and cash streams for meeting
the financial goals of the Investor. By virtue of a wealth management Investor, plentifulness of
focal points isn't an issue. The Investor will have the advantages, anyway salary (liquidity) can
be an issue if not properly contributed.
A wealth chief hopes to fathom what the Investor needs with the wealth viz. build up the
wealth with an openness to put it all out there; or join the wealth with a conventionalist
approach to manage risk; or shield the wealth while avoiding danger to the degree possible.
Various asset assignment mix would fit for each one of these profiles. Wealth Management
oversees creation, gathering, shielding and joy with respect to wealth.
WEALTH MANAGEMENT IN INDIA
India's wealthy are tolerably young differentiated and their general accomplices and, in this
manner, receive a substitute system to wealth management. The measurement qualification
displays an opportunity to make new things to address the necessities of an energetic masses
and utilize new progressions, for instance, social-and flexible enabling contributing applications
as a key differentiator. India's wealth management organizations fragment is, as it were,
partitioned, which isn't astounding given the business is still in its underlying days. In this way, it
is recommended that associations take a whole deal see while surveying potential rate of
return.
Given the market and a statistic and administrative condition that is essentially unique in
relation to somewhere else on the planet, we prescribe wealth directors think about the
accompanying to prevail in the Indian market:
• Build your image and spotlight on conquering the trust hindrance.
• Invest in counsel innovation to enhance guide efficiency and maintenance.
• Evaluate an organization based model, combined with inventive utilization of innovation, to
build reach.
• Focus on straightforwardness and consistence, while focusing on clients with appealing,
section centered items.
Though wealth management is a new concept for India, some companies are started working in
this direction. Here is list of some companies:
1. ICICI Asset Management Company
2. HDFC Asset Management Company
3. Reliance Asset Management Company
4. UTI Asset Management Company
5. Birla Sun Life Asset Management Company
6. Kotak Mahindra Asset Management
7. Religare Asset Management Company
8. Tata Asset Management Company
9. Franklin Templeton
10. L & T Finance Limited
11. BNP Paribas Asset Management Company Limited
12. Morgan Stanley STBF
13. Sundaram Asset Management Company
14. Axis Asset Management Company
15. Bajaj Holdings or Bajaj Capital
16. MotilalOswal Asset Management Company
17. Edelweiss Asset Management Limited
18. Muthoot Asset Management Company
Some are Indian companies whereas some are foreign companies who have started giving
guidance on wealth management to customers.
FINDINGS
INVESTMENT AVENUES
Investment Avenues are different ways that you can invest your money. Following investment
avenues that are considered in India are as follows:
1. Saving Account 9. Debentures
2. Bank Fixed Deposit 10. Bonds
3. Public Provident Fund 11. Equity Share Market
4. National Saving Certificate 12. Commodity Share Market
5. Post Office Saving 13. FOREX Market
6. Government Securities 14. Real Estate (Property)
7. Mutual Funds 15. Gold
8. Life Insurance 16. Chit funds

Some of them are discussed below:

MUTUAL FUNDS
A mutual fund is both a venture and a genuine organization. This may appear to be weird,
however it is very not quite the same as how an offer of AAPL is a portrayal of Apple, Inc. At the
point when a speculator purchases Apple stock, he is purchasing part responsibility for
organization and its benefits. Likewise, a mutual reserve financial specialist is purchasing part
responsibility for mutual store organization and its benefits. The distinction is Apple is in the
matter of making cell phones and tablets, while a mutual store organization is in the matter of
making ventures.
Mutual funds pool cash from the contributing open and utilize that cash to purchase different
securities, typically stocks and securities. The estimation of the mutual store organization relies
upon the execution of the securities it chooses to purchase. So when you purchase an offer of a
mutual reserve, you are really purchasing the execution of its portfolio.
The normal mutual store holds many distinctive securities, which implies mutual reserve
investors increase vital broadening at a low cost. Consider a financial specialist who just
purchases Google stock before the organization has a terrible quarter. They remain to lose a lot
of significant worth since the greater part of their dollars are attached to one organization.
Then again, an alternate financial specialist may purchase offers of a mutual store that happens
to possess some Google stock. At the point when Google has a terrible quarter, they just lose a
division as much since Google is only a little piece of the reserve's portfolio.
The mutual fund industry in India began in 1963 with the arrangement of Unit Trust of India, at
the activity of the Government of India and Reserve Bank. Over the most recent couple of years
Indian Mutual Fund industry has developed at a fast pace. A portion of the best performing and
best mutual funds in India are: ABSL Mutual Funds, SBI Mutual Funds, HDFC Mutual Funds, ICICI
Mutual Funds.
FEATURES OF MUTUAL FUND
 Portfolio and Risk diversification
 Affordability
 Professional management
 Power of compounding
 Rupee cost averaging
 Liquidity
 Transparency
 Minimizing costs
 Choice of investment
 Proper Regulations

CATEGORIZATION OF MUTUAL FUNDS

On the basis of AUM (Asset Under Management) of an AMC:
 Large cap funds: These are the funds which makes investment in top 100 companies
(listed in Fortune 500) and henceforth provides low volatility and higher stability in
returns.
 Middle cap funds: These are the funds which usually invests in companies ranking from
100 to 250 (as per the listing in Fortune 500). It provides higher returns and are more
volatile as if compared to large cap funds.
 Small cap funds: These are the funds which invests in the companies which are above
250 in ranking in Fortune 500. Higher returns than large cap funds but risk also increases
at the same time.

On the basis of structure:

 Open ended schemes: Most of the mutual fund schemes available in the market are
open ended i.e. they don’t have a maturity period and are not listed in the stock
exchange but are available to be subscribed for whole year.
 Close ended schemes: These schemes are just vice-versa of open ended schemes i.e.
they have a pre-decided maturity period which generally ranges between 3 to 15 years
and these schemes are listed on the stock exchange.

On the basis of what options they offer to the investors:

 Growth option: This option provides an advantage of capital appreciation as you are not
getting dividend paid by the company and you can resell it for capital appreciation.
  Dividend option: This option includes both paying out the dividend to the investor as
well as re-investing its dividend amount to buy more units of the fund.

On the basis of taxation relief

 ELSS: Equity Linked Saving Scheme is a scheme for those investors who want taxation
benefit or some sort of relief from the tax. This scheme provide taxation relief under
section 80 C of Income Tax Act, 1961. But it has a lock-in period of three years which is
not there in any other scheme of mutual fund.

Other
 Balanced funds: These funds typically have 50% to 70% portfolio in equity and remaining
fund amount is invested in other instruments or financial securities like bonds, debt, etc.
 Hybrid funds: These are those funds which are made by the combination of both equity
and debt. These funds are basically for the purpose of providing income stability to the
investors as some investors don’t want to take high risk. It also provides capital
appreciation to the investors.

LIFE INSURANCE
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where
the insurer promises to pay a designated beneficiary a sum of money in exchange for a
premium, upon the death of an insured person. Depending on the contract, other events such
as terminal illness or critical illness can also trigger payment.
It also has taxation benefits under section 80C and section 10(10)D of Income Tax Act.
PRINCIPLES OF LIFE INSURANCE
 Principle of insurable interest:
This states that the person should have some interest in his life i.e. life must have some
financial value.

 Principle of atmost good faith:

This principle states that the insured person and the insurer i.e. the insurance company
must disclose each and every fact which is essential for the contract so that there can be
a transparency between both the parties. This also ensures the easy termination of
policy.

4 D’s of Life Insurance

 Death
 Disease
 Disability
  Dependence

PLANS
Plans available under life insurance are sub-categorized as under:
1. Term Assurance
2. Whole life Assurance
3. Endowment Assurance
4. Anticipated Endowment: Also known as Money back Assurance as under this plan,
insured person get its money back after his/her death.

CLAIMS
Maturity
Death
Survival benefits
Accidental and Disability claims
MODES OF PAYING PREMIUM
 Monthly
 Quarterly
 Half-yearly
 Annually i.e. Yearly

TYPES OF BONUS
 Revisionary
 Terminal

HEALTH INSURANCE
Health insurance is a type of insurance coverage that covers the cost of an insured individual's
medical and surgical expenses. Spreading the risk over a large number of persons. By estimating
the overall risk of health care and health system expenses over the risk pool, an insurer can
develop a routine finance structure, such as a monthly premium or payroll tax to provide the
money to pay for the health care benefits specified in the insurance agreement. [1] The benefit is
administered by a central organization such as a government agency, private business, or not-
for-profit entity.
Important Terms
 Reimbursement-You have to bear your medical expenses costs first. Then when you are
discharged you get reimbursed after submitting your bills. You can take treatments in
any hospital. Reimbursement claims take time.
  Cashless- A cashless claim settlement facility is one where the insurance company
directly settles your medical bills with the hospital. You are, thus, spared the burden of
footing your bills yourself. You have to take treatment only in a network hospital. The
claim is settled instantly.

 Network Hospitals-If you have signed up for an health insurance than the insurance firm
gives you a list of hospitals to which they have tied up their services with so in case of an
medical emergency if you get admitted to any of the hospital in that list you can avail of
cashless treatment i.e. your treatment cost will directly be taken care by your insurance
firm

 Non Network Hospitals- It is vice versa of it here you have to take care of your own bills
and produce the bill to your particular insurance firm which may accordingly reimburse
you depending on company policy and your insurance plan.

 Coping- coping in health insurance means a limit on your claim. It is generally on your
bed charges in hospitals .this is important while selecting a health insurance plan and to
differentiate one plan from another.

Principles of Insurance Applicable in Health Insurance

There are seven principles of insurance .but only 3 are applicable in case of health insurance ,
which are –

 Principle of Insurable Interest

At the time a contract is signed, you must be subject to an emotional loss or

financial hardship if a loss occurs.

 Principle of Utmost Good Faith

Requires that the insured (you) and the insurer (insurance company) be
forthcoming with all relevant facts about the insured's risks and the coverage for
risks. In short, both the insured and the insurer should tell the truth.

 Principal of indemnity

States that a person is entitled to compensation only to the extent of the financial
loss that occurred. In short, you cannot profit from a loss or be in a better
financial position than you were before the loss occurred.
CONCLUSION
WORKING

 At the Bajaj Capital Limited, we have different sessions for learning the basics of
the industry.

 Professionals from outside the organization also took some of the sessions for
the better understanding f the financial avenues and their application in real
corporate world.

 We have sessions on Life Insurance, Health Insurance, Mutual funds and

Portfolio Construction.

 We learn how to make portfolio’s of the customers after knowing their goals as
well as their wealth.

 We do a survey on financial literacy which includes knowing the view point of

persons regarding financial avenues available in the market and also to educate
them about the same.

 We need to go for wealth premier league in the last stage of completion of our
internship training programme in which we have to onboard the clients and
engage them in different financial avenues as per their goals and wealth.

***End Of Report***