Varad Pawar
Varad Pawar
PROJECT REPORT
On
“A STUDY ON CONSUMER SATISFACTION TOWARDS
ONLINE TRADING”
With Special Reference To
“ GIRISHA WEALTH MAKER PVT. LTD”
Submitted to,
SHIVAJI UNIVERSITY, KOLHAPUR
In partial fulfilment of the requirement for the award of degree of
BACHELOR OF BUSINESS ADMINISTRATION
Submitted
MR. VARAD BRAHMADEO PAWAR
the guidance of
PROF. M. M. ALI
(M.B.A., M.C.A., M.Phil.)
Through
Submitted To,
SHIVAJI UNIVERSITY, KOLHAPUR
The project report submitted through the Head of Department, Rajarambapu
Institute of Technology, Rajaramnagar during the academic year 2023-24
Date : H.O.D.-BBA
Place : Rajaramnagar RIT, Rajaramnagar
CERTIFICATE
Date: PROF.M.M.ALI
Place: Rajaramnagar ( Project guide)
DECLARATION
To,
Director
R. I. T, Rajaramnagar
Date:-
Place:-Rajaramnagar MR.VARAD BRSHMSDEO PAWAR
ACKNOWLEDGE
MENT
To list all helped me is difficult because they are so numerous and the depth
is so enormous. I would like to acknowledge the following as being idealistic
Channel and fresh dimension in the completion of this project.
I take this opportunity to thank the Shivaji University for giving me chance
to the project. I would like to thank to HOD, for providing the necessary facilities
required for completion of this project.
Lastly I would like thank each and every person who directly or indirectly
helped me in the completion of the project, especially my parents and my peers
who supported me throughout my project.
1.1 Introduction
Chapter 2
2.5 Advantages
2.6 Disadvantages
2.7 Types
2.8 Scope
Chapter 3
3.1 Introduction
Chapter 4
4
4.1 Data analysis and interpretation
Chapter 5
5
5.1 Findings
LIST OF TABLES
4.8 table showing that from which source the respondents is getting
better advice for investment in equity market
4.14 Table showing the percentage of investor satisfied with the current
performance of the Equity Market in terms of expected return
LIST OF GRAPHS
Graph No Particulars Page No
4.4 Graph showing that are the respondents finding online trading
simple
4.5 Graph showing the respondents habit on equity trading
4.6 Graph showing that the respondents are trading in which trading
sites
4.7 Graph showing the respondent’s feedback about commission
charged by trading site is reasonable or not
4.8 graph showing that from which source the respondents is getting
better advice on investment in equity market
4.14 Graph showing the percentage of investor satisfied with the current
performance of the Equity Market in terms of expected return
CHAPTER 1
INTRODUCTION OF THE STUDY
1.1 INTRODUCTION :
This study will help to consumer satisfaction towards online trading. With special reference
to girisha wealth.
Every business wants to sell more. Simply thinking way to get more customer in to your
business. To get your product and service to the more customer.
The research was conducted through the collection of primary data and secondary data.
Primary data was collected through a well framed questionnaire, of which later a detailed
analysis was done using various statistical, tools MS word, MS excel software. Secondary data
was collected through visiting websites, magazine and other reliable sources.
The main research that followed was to know ‘’ girisha wealth products and service ‘’ the
study conducted within satara area (Maharashtra)
The project period of four weeks which gave me an extraordinary chance to learn about the
different exercises in the organization. I got an opportunity to learn about the different clients
how they feel about the adequacy of sales promotional techniques used by Girisha wealth Pvt.
Ltd , I comprehended as how the special methods compelling and alluring to the clients.
I learnt how the organizations will endeavor to tell about the clients, girisha clients are the
major critical part and reason for the business, it was a lifetime experience to work at Girisha
wealth Pvt. Ltd, and it was a memorable experience in my life up until this point. It has been a
wonderful learning experience
The Internship gives a practical favorable position to me to pick up the information and
experience towards equity market and about online equity trading.
To study the state of mind of the investors towards online share trading.
Analysis of the study will be done with the help of table , charts , graph and
Interpretation.
OLIVER (1993) has proposed that clients required involvement with the product or
service to decide how fulfilled they were with it, while quality can be seen without real
utilization
ANDERSON ET. AL. (1994) bolstered for positive connection amongst satisfaction and
loyalty was not found. Reputation related with faithfulness and fulfilment. Changes in
clients' view of administration quality, government's Reputation and expert treatment of
client voice, would impact consumer loyalty and reliability.
CAP AND WONG (2001) analyzed the develops and demonstrated that trust and
satisfaction developed through human association through the salesman's relationship
introduction altogether impacted the accomplishment of future item selection by the
clients. This confirmation from conventional administration settings demonstrated that
administration quality was a noteworthy driver of consumer loyalty, trust, and devotion,
which at last prompted expanded deals openings and productivity.
COX (2002) found that the clients' reactions demonstrated that service quality was one
of the variables that affected consumer loyalty and holds clients in the focused online
market.
WIRTZ AND LEE (2003) called attention to that as research on utilization encounter
developed, prove proposed that clients buy goods ane services for a blend of two kinds
of advantages: hedonic and utilitarian.
MISHRA ET. AL. (2004) in their examination found that the tri segment model of
consumer loyalty appeared to be equipped for consideration of any trait of the
administration, including material, or item, characteristics as a major aspect of the
aggregate fulfilment encounter and also the simplicity or trouble of access to the
administration.
LUARN AND LIN (2004) tried their hypothesized customer loyalty model and found
that customer satisfaction, perceived value, and customer loyalty were distinctive builds.
Their discoveries showed that not just consumer loyalty and saw esteem
straightforwardly influenced client reliability, yet in addition in a roundabout way
influenced client dependability through duty. A positive impression of significant worth
may take clients back to make another exchange.
FULLERTON (2005) tried the connections between service quality, commitment, and
exchanging and promotion expectations. The outcomes demonstrated that dedication
filled in as a fractional arbiter of the administration quality-devotion relationship.
PARASURAMAN ET. AL. (1988) has later observationally checked the first ten
measurements to build up a different thing scale called "SERVQUAL" for estimating the
five measurements of administration quality (physical assets, affirmation,
responsiveness, dependability, and compassion) and the 22 explanations.
BITNER (1990) found that consumer satisfaction with the service contact can influence
the apparent service quality, and the perceived service quality likewise can elevate to
influence the repurchase expectation, informal, exchanging channels or stores, and client
faithfulness in contemplating administration contact show.
JOHNSON ET. AL. (1995).The process introduction of Gronroos saw quality from the
point of view of what the client got. This introduction recognized different parts to
benefit , to be specific specialized quality, utilitarian quality and reputational quality.
YUKSEL ET. AL. (2003) examined the cabin benefit quality on the SERVQUAL to
give to the British experts that the elusive administration characteristics were more
critical than the substantial from the perspectives of the clients.
NGUYEN (2006) tried a model on the connections between the administration quality,
the consumer loyalty and the steadfastness in stores in the HCMC and found that retail
benefit quality makes out of five measurements: products arrangement, work force,
appearance, physical viewpoints and security.
1.5 RESEARCHFRAMEWORK :
The company using number of strategy for improve company sell as well as revenue .
company use the distribution strategy for improving revenue and sell of company .
Your customer having something new or different before you forward or expand your
product lines or different additional services , be sure to conduct research .
In the research company have an more outlet for selling our product to the end user .
Primary data :
For the research study the primary information was collected by discuss with
industrial guide of company by getting response on questionnaire and by personal
discussion with the manager .
Secondary data :
For the mentioned research study the required information was collected from
website information available in company’s final report and available records , available
company past data .
1.7 SAMPLING TECHNIQUE:
1.7.1 Sample Design:
In market research convenient sampling technique samples are collected as per convenient of
researcher respect to area/ location.
SAMPLE SIZE:
In the given study the sample size which is 50 . Such as there is reason for this particular
sample size, there is need to catch the respondents, which are easily available to researcher And
the researcher was selected those place that was easy to access with them.
SAMPLE METHOD:
In this given, project the convenience sampling method, which was preferred by the
researcher because the researcher needs to find out the result in speedy way. This method which
was more helpful for the small amount sample size.
CHAPTER 2
2.1 BASIC CONCEPTS :
Definition :
‘ Online trading is an act of buying and selling financial products through an online
trading platform. Stocks, bonds, options, futures, and currencies can all be traded ”
Meaning :
With the stock market popularity sky-rocketing every day, more people are jumping into the
race however, only a few thrive in the longer run. The reason is simple: Discipline. Certain
attributes must be cultivated to succeed in share trading.
The internet is utilized as a medium of trading. Requests are imparted to the stock trade
through site. Web exchanging began in India on first April 2000 with 79 individuals looking for
authorization for internet exchanging.
The SEBI boards of trustees on web based securities exchanging administrations has enabled
the net to be utilized as an Order Routing System (ORS) through enrolled stock representatives
of their customers for execution of exchange.
Under the Order Routing System the customer enters his prerequisites (security, amount,
value, and purchase/offer) in specialist's site. They are checked electronically against the
customer’s account and steered electronically to the proper trade for execution by the merchants.
The customer gets acclimated on execution of the request the client's portfolio and record
accounts get refreshed to mirror the exchange.
2.2 CUSTOMER SATISFACTION :
Satisfaction :
Satisfaction is a general mental express that mirrors the evaluation of an association between
the customer/customer and an organization domain item benefit. Satisfaction incorporates one
of the going with three mental parts: subjective (considering/appraisal), loaded with feeling
(excited/feeling), and direct.
Expectation are belief (probability or likelihood) that an product and services (containing
certain characteristics, features or traits) will make certain outcomes (benefits-values) given
certain normal levels of execution in light of past loaded with feeling, subjective, and lead
experiences. Wants are often seen as related to satisfaction and can be evaluated as takes after:
✓ Satisfaction of desire: the typical level of execution versus the pined for wants. This is
"judicious fulfillment" and is a respondent-specific record of the execution level vital to
satisfy.
To build a consumer loyalty review, it is likewise useful to consider reasons why pre-buy
desires or post-buy fulfilment may not be satisfied or even quantifiable.
• Expectations may have been exceptionally dark, making wide extents of pleasantness in
execution and expected satisfaction.
• Expectation and thing execution evaluations may be material and not mental, as in taste,
style or picture.
• The thing use may attract so little thought as to make no aware impact or understanding
(evaluation) and result in useful in vain satisfaction or dissatisfaction measures.
• There may have been unanticipated preferences or results of acquiring or using the
thing, (for instance, a use or feature not anticipated with purchase).
• The thing purchaser, influencer, and customer may have been different individuals, each
having particular wants.
PRODUCT QUALITY
The products and enterprises meet client’s possibilities on the sign of value they require by
bringing what was ensured. For item this may allude to such criteria as wellness of reason,
trustworthiness, strength and low look after expert
MONEY VALUE
The merchandise and enterprises address clients issue on an incentive for money inside the
insight of giving them a minimum of what they got and ideally a ton of
DEPENDAVILITY
The clients are probably going to be satisfied once the administration laborer conveys the
arrangement by accomplishing a comparable level of execution and inertness.
RESPONSIVENESS
Further and promote client unsurprising their supplier to will and arranged to create
empower benefit and encourage at the reason of the later separate consideration, speed and
flexibility are needed
ACCESS
The client must be prepared to build access to the supplier or merchant with the littlest of
trouble.
CONSIDERATION
Client prerequisites amenability regard, thought and benevolence from the social orders
they collaboration over the counter.
2.4 CUSTOMER BUYING BEHAVIORS PROCESS
It is the main most advance of process. The purchasing conduct can't occur without
acknowledgment. They need may have actuated by inward boosts (craving or push) or outside
jolts (publicizing correspondence from mouth).
This may perceive the issues and need. The accompanying stages a client may run with the
data seek stage. This is the purchasers push to seek inside and outside business environment, in
order to perceive and evaluate information sources identified with the fundamental purchasing
choice.
Alternative evaluation
An individual surveys in various merchandise or brands at this stage based on another item
characteristics. Those are purchasing the capacity to convey the nature of searching for a client
this elements emphatically impact this phase of client state of mind
Purchasing decisions
This may significantly take two factors. The antagonistic reaction from alternate clients
and the level of motivation to get the reaction. This decision might be disturbed because of
startling profession misfortune or reallocation
2.5 ADVANTAGES :
Accessibility — Online trading platforms have made it easier for investors to access
financial markets from anywhere in the world, as long as they have an internet
connection.
Cost-effective — Online trading platforms often have lower fees and commissions
compared to traditional brokerages, making it more affordable for individual investors.
Real-time data — Online trading platforms provide real-time data on stock prices, news,
and other market information, allowing investors to make informed decisions quickly.
Flexibility — Online trading platforms offer greater flexibility in terms of trading hours,
allowing investors to trade outside of regular business hours.
Control — Online trading platforms give investors greater control over their
investments, enabling them to monitor their portfolios and make trades in real-time
2.6 DISADVANTAGES :
Lack of personal touch — Online trading platforms lack the personal touch of
traditional brokerages, which may make it difficult for inexperienced investors to get
guidance and support.
Technical issues — Online trading platforms are subject to technical glitches and issues,
which can cause delays or errors in executing trades.
Risk of overtrading — The ease and convenience of online trading can lead some
investors to overtrade, which can result in losses and poor investment decisions.
Information overload — The vast amount of data available on online trading platforms
can be overwhelming for some investors, making it difficult to make informed
decisions.
2.7 TYPES :
Scalping - What this style aims at is making small profits in a repeated fashion.
Swing trading - Swing trading involves earning profits from stocks over a few days of buying
them
2.8 SCOPE :
3.1 INTRODUCTION :
Founders have, over 15 year’s straight experience in the financial market, you could be sure
of best in class research, operations, backend support & Financial planning.
3.2 COMPANY PROFILE :
Website www.girishawealthmaker.in
Vision :
Mission :
To provide our clients with the comprehensive, competent, customized and classy best
solutions in wealth creation and wealth management areas. We will help clients to achieve their
Financial goals with effective and smart investment planning. We offer comprehensive financial
advisory services, having highly qualified and experienced team. We use our complete knowledge
of insurance, tax laws, and mutual fund investments in order to suggest investment options to the
clients, as per their long-term and short-term goals. Our core purpose is to provide fast track
financial solutions & thereby make people enjoy a secured retirement life.
3.4 PRODUCT AND SERVICE’S :
Product :
Mutual funds
Real estate
Direct equity
Financial planning
Option trading
CHAPTER 4
4.1 DATA ANALYSIS AND INTERPRETATION :
TABLE 4.1- Table showing that the age group of respondents in online trading
1 Below 25 8 16%
2 25- 50 29 58%
3 Above 50 13 26%
4 Total 50 100%
GRAPH-1 Graph is showing that the respondent’s age group in online trading
70%
60%
50%
40%
30%
20%
10%
0%
Below 25 25- 50 Above 50
Interpretation:
The above graph we can see that approximately half of the investors are falling the age group of
25-50 years. That means most of the working people are doing online trading rather than non
working or retired employee.
TABLE4.2- Table is showing qualification of respondents
60%
50%
40%
30%
20%
10%
0%
School level Under graduate Post graduate Diploma
Interpretation:
As the research has done majority of the investors are highly qualified that is graduate and post
graduate which is approx 76%.
TABLE4.3 Tables showing that the no. of respondents trading in online
Yes 45 90%
No 05 10%
TOTAL 50 100 %
GRAPH -4.3 Graph is showing that the no. of respondents are doing online trading
Series 1
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Yes No
Interpretation:
In the above survey it was found that the majority of the investors accepted to internet as a means
of investment planning and advisory services. Internet is the latest channel that is available to a
service provider to conduct business.
TABLE 4.4 Table is showing that the respondent’s feedback about Online trading operation
TOTAL 50 100%
GRAPH 4.4 Graph showing the respondent’s feedback about Online trading operation
Percentage
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
YES NO
Interpretation:
Most of the Investors find that online trading is simple as its easy to access trading from any
place at any time. Now a day’s its more convenient because of internet facility and advance
technology
TABLE4.5 Table is showing the respondent’s habit of online equity trading
Regular 25 50%
Occasionally 07 14%
Weekly 10 20%
Monthly 08 16%
Total 50 100%
60%
50%
40%
30%
20%
10%
0%
Regular Occasionally Weekly Monthly
Interpretation:
In the survey it was found that 50% of investors are trading regularly because of they are not
committed to the other work. And private sector workers are trading weekly. Others are doing
monthly. Because the peoples are highly committed with the personnel business and works so the
fewer people are trading in monthly.
TABLES: 4.6 Table is showing that the respondents are trading through trading sites
Trading sites No of Respondents Percentage
ICICI TRADE RACER 12 24%
INDIA INFOLINE 10 20%
SHAREKHAN 8 16%
ANGEL BROOKING 5 10%
OTHERS 15 30%
TOTAL 50 100 %
GRAPH: 4.6 Graph showing that the respondents are trading through which brokering sites
35%
30%
25%
20%
15%
10%
5%
0%
Interpretation:
The graph denotes that ICICI Trade Racer is one of the best brokerage company in terms of
delivering adequate service to investors as determined by respondents under this graph and then
followed by India Info line, Share khan and lastly Angel broking
TABLE 4.7- Table is showing that respondent’s feedback about commission charged by trading
site is reasonable or not
YES 20 40%
NO 30 60%
TOTAL 50 100 %
GRAPH 4.7 Graph showing the respondent’s feedback about commission charged by trading site
is reasonable or not
70%
60%
50%
40%
30%
20%
10%
0%
YES NO
Interpretation:
Most of the brokering company is charged comparatively high brokering fees in term of
delivering services. So a large portion of investor which is almost 60% is disagreeing with the
rate of brokering charges.
TABLE-4.8- Table showing that from which source the respondents is getting better advice for
investment in equity market
GRAPH-4.8 Graph showing that from which source the respondents is getting better advice on
investment in equity market
40%
35%
30%
25%
20%
15%
10%
5%
0%
Share Brokers Magazine TV channels Friends & relations News paper
Interpretation:
The majority of the investor are getting more knowledge for share brokers so they are traded in
online trading i.e.34% through share brokers because they given better advice to buy & sell of
shares through online. And remaining investor is getting advice from TV channels, magazine,
Friends &Relations and News papers.
TABLE-4.9- Table showing respondent’s percentage of their income invested in trading.
GRAPH- 4.9 Graph showing respondent’s percentage of their income invests in share trading?
Series 1
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Less than 5% 5%-10% 10%-15% 15%-20% 20%- 25% More than 25%
Series 1
Interpretation:
Is the above table we can see that dominant part of the investors are contributed just 5% to 10%
percent of their monthly pay in share exchanging might be speculator's moderately huge size of
the family and duties towards it. So any salary would be spent towards the family along these
lines prompting some portion of their negligible reserve funds.
TABLE- 4.10 Table showing that the objectives of investing in Equity Market by investors
GRAPH -4.10 Graph showing the objectives of investing in Shares, Bonds, and Mutual Funds
etc.
Series 1
70%
60%
50%
40%
30%
20%
10%
0%
To earn high return To meet future needs To meet emergency If any other purpose
Interpretation:
As per graph 60% of respondents are trading for income purpose and try to get more return with
taking high risk and remaining 40% respondents are trading for their future need.
TABLE - 4.11 Tables showing the numbers of respondents are influenced by which factors for
trading in equity
Returns 35 70%
Liquidity 05 10%
More investment 0 0
TOTAL 50 100%
GRAPH - 4.11 Graph showing the respondents ore influenced by which factors for investing in
trading
80%
70%
60%
50%
40%
30%
20%
10%
0%
Returns Liquidity Tax concession More investment
Interpretation:
In the survey it was found that the majority of respondents are trading in equity market for
getting return from their investment and 20% of respondents are investing money for liquidity
purpose and some of them investing money for tax concession.
TABLE - 4.12 Table showing the no of respondents are mostly like to prefer the type of
investment in terms of duration
TOTAL 50 100%
GRAPH – 4.12 Graph showing the no of respondents are mostly like to prefer the type of
investment in terms of duration
80%
70%
60%
50%
40%
30%
20%
10%
0%
Long term investment Short term investment
Interpretation:
In the survey it was found that about 68% of the respondents are invested in short term because
of they want to get money in short period to full fill their financial commitment. And others are
doing investment in long term as its giving high rate of return in long term investment plan.
TABLE - 4.13 Table showing that the rate of return expected by investors from Equity Market
35%
30%
25%
20%
15%
10%
5%
0%
5% – 10 % 10% – 15 % 15% – 20% 20% – 25% 25% –30% 30% and above
Interpretation:
From the above graph it was found that majority of the investors are expecting high rete of return
from their investment in equity trading. Its indicates that more number of people are doing equity
trading when the market goes up and giving high rate of return to their investors
TABLE - 4.14 Tables showing that the percentage of investor satisfied with the current
performance of the Equity Market in terms of expected return?
GRAPH - 4.14 Graph showing the Investor’s satisfaction level from Equity Market
Series 1
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Highly Satisfied Satisfied Neutral Unsatisfied Highly Unsatisfied
Series 1
Interpretation:
As indicated by the Figure, 9 investors are highly Satisfied from current execution of Equity
market.21 investors are Satisfied from Equity market.14 speculators are Neutral with current
execution of Equity market.5 financial specialists are Unsatisfied from Equity advertise. While 1
investors are highly unsatisfied from Equity market.
CHAPTER 5
5.1 FINDINGS :
• 34% respondents feel better advice for investing in online trading is received through
share brokers.
• 45% of the investors are investing 5%-10% of their income in Equity Market.
• 60% of respondents are trading for income purpose and try to get more return with
taking high risk.
• 70% respondents like to invest in online trading for returns.
6.1 SUGGESTIONS :
▪ A portion of the respondents are not aware of internet share trading so company should
make efforts to educate people on this.
▪ The stock exchange companies should establish more operating Branches across the
country so as to easily accessible to the investors.
▪ To attract new investors to share market improve in the portfolio investment, which gives
more return and less risk, and by giving better advice to investors through online about
share market and bonds.
▪ Many internet share trading sites do not offer facility to apply for IPO’s online they need
to be provided by all.
▪ The internet usage cost should come down so that more and more people encourage using
internet for trading.
▪ Educating the investors by supplying some materials regarding online trading and its
benefits and leading capital market research analysis.
▪ Emerging changes should be informed, communicated to the investors periodically.
Online trading plays a vital role in the economy by mobilizing savings and investing them in
capital market, thus establishes a link between savings and capital market. Now slowly more and
more investors are attracted towards online trading for high returns, tax concession etc.
The trading outcry system failed to provide transparency, hence for the only resort to opt was
technology infrastructure to the share trading, thus, facilitating the open up of BSC Online
Trading System BOLT in the country. The process can succeed when it is properly
communicated to the targets. In this direction, the project focused to study the awareness level
and satisfaction level of investors on online trading.
REFERENCES :
BOOK’S -
WEBSITE’S -
www.onlinetrading.ventura1.com
www.tradesmartonline.com
https://invest.motilaloswal.com
https://tradingacademy.com
APPENDICES
1) Name:
2) Age :
3) Qualification:
4) Are you doing trading in online and do you know how to buy and sell shares in online?
(a) Yes (b) No
5) Is online trading simple?
(a) Yes (b) No
7) Who do you think can give better Advise for investment in online Trading?
(a) Shares Brokers (b) Magazine
14) What is the rate of return expected by you from Equity Market in a year?
15. Are you satisfied with the current performance of the Equity Market in terms of expected
return?
(a) Highly Satisfied (b) Satisfied