This has been submitted as an entry to the Noticebard Internship Experience Competition.
Name, College, Branch, Year
Deepanshu Verma, MBA – 1st year, School of Business, Public Policy and Social Entrepreneurship, Ambedkar University, Kashmere Gate, Delhi
SMC Global Securities Ltd, Delhi
SMC Global Securities is a brokerage firm which offers summer internship to bright students who want to pursue and learn the fundamentals about the stock market.
How to apply
My selection was done as per the placement team of my department.
First day formalities
My journey at SMC Global started on 1st of April 2019. Students from all around India are selected for the program and proper sessions and lectures are carried on by the industry experts and experienced staff to teach the students about the various strategies to increase the profit and mitigate the risk.
For the first two days, I had to visit the head office at Pusa Road, Karol Bagh. In these two days, I was handed over my joining letter and some brief knowledge about Nifty 50, that it is an NSE index which is a weighted index which contains 50 top companies of the country like Reliance, TATA, HDFC Bank, SBI, etc.
On day 3, we had to daily report to the branch office at Dariyaganj near Golcha Cinema. At the branch, Mr Vipin Agarwal, who was the branch deputy manager, was our mentor and he started with Open Interest & Fundamental study of stocks.
Each Friday we had to visit at the head office – Pusa Road to register our learning journey and share about the additions for the project report. I was assigned a project on Portfolio Management Services which is also a financial product offered by the company.
Portfolio management is a key investment product nowadays, which considers a minimum amount of Rs. 25 lacs and managed by experienced portfolio manager who allocated fund in different markets like liquid, equity, debt, FDs, TBs, etc.
Introduction about portfolio management services creation of an efficient portfolio with the combination of large capitalisation, mid-cap and small-cap that respect the diversity as per the market and appreciate the investing along with elimination of risk.
This was followed by learning about the Fundamental of stocks, ETFs (Exchange Traded Funds), and looking for the various option strategies call and put methods.
My responsibility at SMC was to grasp the learning provided to us by the industry mentors and experienced players of the market to get ready and justify the learning when we go for placement or interview at SMC.
The other key aspects that we learned about stock market consisted of open interest (OI), support and resistance, brokerage charges, facts about sectors and their related news, technical analysis like candle chart and brief about parabolic SAR, time value of money (TVM), intrinsic value, Atm-Itm-Otm in options, derivatives, overview of currency, future contracts, overview of commodity, mutual funds, SIP (Systematic Investment Plan), Tax saving schemes (ELSS) , IPO (Initial Public Offer), FDs (Fixed Deposits) and rollover of expiry contacts.
We also had sessions on research where we studied different shapes and their application for active trading and finally the submission of Project report on “Portfolio Management Service and study of SMC PMS” to the head of internship program Mr B Sanjeev, who is also the head of Online Trading SMC Global Securities ltd.
My experience at SMC Global securities limited has been very fruitful as I learned and encountered many unknown facts about the stock market and discovered a lot of new things that can help me to predict and get aware about the fundamental of the stock market.
This knowledge will surely help me to share my learning during the placement interview and future reference about the stock market because the course was very well descriptive and consisted of advanced technical applications of the market which are not covered academically in classroom practices.
Other interns also reflected a good set of doubts during the course which made me think more widely and connects all the dots create a bigger image about the market. The staff members were also very friendly and extended every hand to us as a beginner.
Infrastructure and network connectivity was an issue during the program.
The internship helped to construct a strong base for understanding brokerage firms and stock market.