To earn is difficult but to save out of it is more difficult, but even more difficult is to invest such savings in the right avenue of investment.There is no one best way of making money. Sound investing is,infact,a disciplined money management process and should be grounded in an investment plan that is based on one's personal circumstances. It requires an organized knowledge, latest information & conceptual imagination to arrive at such investment plan of an investor .This can be done on one's own or with the help of a financial adviser. We, at NARNOLIA, believe in providing all avenues of investment under one roof, but what differentiates us from others is the quality of each product in terms of suitability, speed, convenience, transparency and above all, the empowering advice the bedrock of which is the WORLD CLASS research and analysis of each product by our team of investment experts in close association with Motilal Oswal Securities. All these facilities of trade execution & advisory services can be availed through any of our over 200 outlets in Jharkhand, Bihar & West Bengal having world class infrastructure. And if you are little computer savvy then even the trade execution can be done by you on your own either at a place of your convenience or at any of our offices using our infrastructure through our net trading platform MY BROKER(click here).

(1) INVESTMENT & TRADING IN SHARES (STOCK MARKET)

Globally it has been experienced that over time, a portfolio of well chosen shares will always out perform bond or fixed deposit. Motilal Oswal Securities Ltd (MOSt) is the member of both NSE & BSE . It is one of the leading stock broker of the country and has been rated by the famous Asia Money Poll '05 as the NO 1 in various categories including the most prestigious 'BEST LOCAL BROKERAGE HOUSE OF THE COUNTRY'. End to end equity solution is provided through the online trading terminals by the team of investment experts & relationship managers. NARNOLIA is the exclusive regional partner of MOSt for the states of Jharkhand, Bihar and northern part of West Bengal and is the winner of BEST SUB-BROKER OF THE COUNTRY AWARD twice in 2004 and 2006.

Cash Trading:

It is a delivery based trading system wherein transactions can be settled intraday or can be settled by taking delivery of shares or monies.

Margin Trading :

It is similar to cash trading except an additional facility wherein the investor interested in taking leveraged position can do so by paying only certain % of the total payment & the balanced amount is financed by an independent investment company. A separate form is required to be filled up for availing this facility. Click here for list of shares.

Spot Payment:

Normally under T+ 2 settlement cycle it takes around 3-5 days before the payment gets credited in clients account.In cases where a client having shares in our depository account needs payment early or same day he/she can avail this facility with prior intimation.

BNST :

Buy Now Sell Tomorrow (BNST) facilitates a client to sell specified shares (as attached) on T+1 basis even before the receipt of shares into his/her demat account.

Premium Services:

Clients who want to avail the services of our world class research team at MOSt and NARNOLIA can do so through one of our Relationship Managers who are closely monitored & guided by our research analysts. A wide array of products are available which are offered to our esteemed investors depending on his/her specific investment objective, time horizon & risk appetite. These products have been classified as (a) INDEX + (b) INTEREST + (c) INTEREST + + and (d) ADVISORY +.

Portfolio Management Service( PMS):

It is an alternative to investing directly. All those who do not have time or discipline or inclination or expertise to understand the complex ways of investment ,still want to take benefits of it , can do so by putting their money with the fund managers. Our PMS helps you to earn the returns of Equities, with maximum ease and comfort. We have 3 different schemes Value ,Bull's Eye,Discover Value PMS, with different approaches to managing your investments. The team of fund managers is headed by Mr Raamdeo Agrawal.

(2) INVESTMENT IN EQUITY DERIVATIVES

Trading volume in derivative segment of the exchanges have surged significantly over last few months/years. However , the bias is more towards future than options. There are few misconceptions about this market. It is largely used by speculators to take leveraged positions in the market. It is considered as a mere replacement of the age old badla system of BSE. But the fact is that this derivative market has much larger role to play not only for the speculators but moreso for the investors, particularly the high net worth & institutional investors. With the use of certain financial management tools like; Standard Deviation, Theta, Delta,Beta, Gamma, Rho,Vega etc , one can create several strategies using multiple types of financial instruments of derivatives market. These strategies can be used by the investors for risk management, hedging, arbitrage and generation of regular incomes out of the idle investment. We ,at NARNOLIA, have a dedicated team of investment experts comprising several Chartered Accountants , MBAs etc who are trained at our Narnolia Knowledge Centre and are also closely supported by the experts at MOSt, Mumbai. An in house software has been developed by us using all the above advance tools to help the investors to maximize their ROE. In view of the increasing popularity of derivatives amongst speculators we have introduced a very low brokerage scheme ( lowest slab being .01%) for our net traders. Please click here for 1 PAISA SCHEME IN MY BROKER.

(3)INVESTMENT THROUGH MUTUAL FUNDS

It is an alternative to investing directly. All those who do not have time or discipline or inclination or expertise to understand the complex ways of investment ,still want to take benefits of it , can do so by putting their money with the money managers :mutual funds who are supposedly the experts in investment matters and are expected to perform better than individual common investor because of their economies of scale, professional approach, experience, investing acumen, access to money market instruments to park their short term/surplus funds etc. All these features have made them globally a powerful and most convenient wealth creation vehicle. As per one estimate 75% of the retail money over next 10 years is supposed to come through mutual funds. But, mutual funds are not magic investment tool and there are a few problems in this expected all powerful investment solution. Mutual fund cannot guarantee either a return or wealth protection, particularly if it is a equity oriented fund. Further, there are around 2300 MF Schemes in India and are likely to multiply even from hereon. As such choosing the right scheme of the right fund or the right mix of schemes of different mutual funds, suitable to one's investment objective, time horizon & risk appetite, is a daunting task. The return on investment of different investors will be different depending on the scheme or mix of schemes where they invested their money. We, at NARNOLIA, can assist our investors here as we are the corporate distributor of most of the MFs operational in India and moreso, because we have an exclusive tie up with the world famous and India's premier Mutual Fund advisor- VALUE RESEARCH, headed by Mr Dhirendra Kumar. We work together to arrive at the most efficient and productive investment solution based on specific needs of an individual. A monthly magazine NARNOLIA MUTUAL is jointly published providing some ready made alternatives of scheme mix (portfolio). This is customized further for our clients depending on his/her personal circumstances & needs.

(4) PRIMARY MARKET

Initial Public Offer (IPO) by non listed companies or follow on offer by presently listed companies presents a good opportunities for making high returns on investment in a very short period of time. However, contrary to common belief investment through new issues does not always give high return or guarantee capital protection. We, at NARNOLIA, provide you the list of all forthcoming new issues & in-depth analysis of all such issues. A TEN COMMANDMENTS (click here) is available to all for general guidelines. Online bidding and a detailed news, views, follow up, recent listings etc are provided to our investors free of cost. We have a dedicated servicing team to help you to relieve you of all possible hassles of investing in new issues. It is because of this simplicity, convenience & expertise we are far ahead of others in our area of operation with a market share of more than 75% in Jharkhand and in some promising new issue.

(5) DEPOSITORY SERVICES

Our depository services with the trade name of "MODES"- Motilal Oswal Depository Related Services (Member NSDL & CDSL) is available to both our trading & non trading client. We , at NARNOLIA, manage around 40,000 depository accounts of our clients. All normal depository related services (a/c opening, dematerialization, remat, transmission, nomination, pledging etc) are provided by our efficient exclusive team of experts, but what differentiates us from others is some exclusive features of MODES:

• It is amongst the cheapest of all the D.Ps
• A client can get automatic trading exposure limit in cash /derivatives segments based on the valuation of his/her holdings. But it has to be settled in cash/shares at the end of the settlement as per T+2 cycle.
• In case the client want leverage in payment , he/she can open margin trading account wherein fund outstanding limit is given to such client based on such holdings in his depository account. It is very much similar to loan against shares with additional benefits of convenience, low cost because interest is charged on daily basis based on actual debits.
• Clients having depository account with us can avail spot payment and BNST facility, whenever he /she needs to avail these facilities.
• Clients having holding over 10 lac gets free research reports & recommendations based on MOSt research which has been rated as the No 1 by Asia money poll 2005.
• There is a dedicated support team headed by smt Sushma Srivastava with dedicated toll free no(1800 345 4000) to provide you all depository related services and complaint redressal.

(6)COMMODITY

The origin of commodity markets and trading is lost in history. It is the oldest of all the futures market but the nature of deals was largely one off ,at least till 1865 when Chicago Board Of Trade began trading futures contracts in grains. In India there are around 21 commodity exchanges but are largely single commodity exchanges and are off line. Commodity market got a major boost in April 2003 when its regulator FMC allowed almost all commodities to be traded .This paved the way for the emergence of Multi Commodity Exchange Of India (MCX) in Nov 2003 and of National Commodity And Derivative Exchange (NCDEX) in Dec. 2003 who launched national level on line trading terminals in a transparent and organized manner. These exchanges have seen a surge in the trading volumes and it is expected that volumes in commodity will surpass the volumes in equity. It will provide a very meaningful option of investment along with other asset class and will have a deeper root with the participation of wider segments of market participants like investors, hedgers, arbitragers, traders, manufacturers, planters, importers, exporters etc. Motilal Oswal Commodities Broker (P) Ltd (click here) is the clearing and trading members of both the exchanges and has a big research team to support various participants in their own way.

(7) INSURANCE

As per several estimates it is said that Indians are grossly under insured and with the growing working age population & their income level this sector should see a rapid growth even from hereon. We, at NARNOLIA, realize the importance of insurance as one of the most important asset class while determining the asset allocation for any investor. Our sister concern, NARNOLIA INSURANCE AGENTS CO (P) LTD is the exclusive jeevan chakra partner of Birla Sunlife for Jharkhand and serves its clients from its various outlets in Bihar, Jharkhand & West Bengal, through their qualified advisors. Soon ,it will have non life products as well in its kitty.

(8)CORPORATE FINANCIAL PLANNING

Two companies with similar net profit, net worth (based on balance sheet valuation) and same product line can differ in terms of their wealth creation for the shareholders. We ,at NARNOLIA, in close association with the investment banking and private equity wing of MOSt provide various corporate advisory and support services to various listed and unlisted business houses including the SMEs. We provide end to end wealth creation support and solutions: helping the management in taking most efficient and effective financial & investment decisions, imparting management skills and also to provide growth capital up to $3 million to $7 million to selected few. A whole lot of exclusive team of experts including IITians, MBAs (IIM) are there to support such esteemed clients.

(9) NARNOLIA KNOWLEDGE CENTRE

Falling interest rate has changed the rule of the money making game. While it has given a boost to the entrepreneurs and consumers, it has ,at the same time, made the life of passive investors very difficult ,as their age old no brainer ally - fixed deposit in bank/ post office- is yielding a return which is barely enough to beat even inflation. In this context of low interest regime and also when the growth of service sector has outpaced the industrial or agrarian growth, the need of an organized knowledge is increasingly been felt at various levels of economic activity. In view of this we, at NARNOLIA, decided to create an independent department to impart training to all our business partners, branch heads, relationship managers and also to our respected clients who are eager to know the art of wealth creation. It includes following few modules and are imparted to all in different combinations depending on the need and ability of each trainee:

• BASIC COURSE: Indian Financial System:-structures, functions. Understanding various financial instruments of capital market viz equity, debt etc .Basic knowledge of wealth creation: investment options, asset mix, portfolio building, portfolio restructuring
• ADVANCE COURSE:
  Part 1:-Behavior of equity market (short term vs long term, learnings & unlearnings, india story.
  Part 2:-Fundamental & technical analysis.
  Part 3:-Advance knowledge of wealth creation . The financial Horoscope : Need based wealth creation & financial planning strategies.
• EMERGING TRENDS: -challenges & opportunities.
• SERVICING ,MARKETING & BACK OFFICE OPERATIONS.
• REFRESHER CLASSES & EXAM.