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Customer Segmentation in Broking Firms

The document discusses a research study on comparing services provided by different broking firms. The objectives are to measure and compare services, study customer preferences, explore customer attitudes, investigate customer problems, and analyze facilities provided to employees and customers. The need for the study is that while some surveys have been conducted on broking firms in India and abroad, no specific study has compared services provided by different firms. The significance is that understanding services can help firms improve their contribution and market share.

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Rajhans Patil
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0% found this document useful (0 votes)
20 views3 pages

Customer Segmentation in Broking Firms

The document discusses a research study on comparing services provided by different broking firms. The objectives are to measure and compare services, study customer preferences, explore customer attitudes, investigate customer problems, and analyze facilities provided to employees and customers. The need for the study is that while some surveys have been conducted on broking firms in India and abroad, no specific study has compared services provided by different firms. The significance is that understanding services can help firms improve their contribution and market share.

Uploaded by

Rajhans Patil
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

All the people who are able to invest their money or willing to invest their money are the

prospected customers

of the company .Generally people who like to invest their money in short term instruments are company’s

customers because Anagram Securities Limited has most of its business in brokerage due to day to day trading.

But it also deals in long term investments such as mutual funds. The company has trading in both equity and

commodity market .So both type of Investors are the prospected customers of the company.

CUSTOMER SEGMENTATION

In Broad terms the customers can be segmented into long term investors and short term investors. But they

can be also segmented as equity trades and commodity traders.

PRODUCT POSITIONING

The product is positioned in the minds of the consumer as the product with high value and with a brand name.

The company is started from the promoters of the Lalbhai is Arvind mills group and thus have a different

brand image from other broking houses. Thus the product is positioned as the trust worthy product and the

people can rely on it to get maximum value and benefits.

BUYING PATTERNS

The product is a speciality product and people think before buying the product .Though it is a service industry

but the product is the D-mat account. The people first analyse that how they can get maximum benefit and in

which of the investment measures like insurance, mutual funds etc and then they make their mind to open D-

mat account.

Research methodology
Project profile is a part of the methodology of research which is used for a survey research work. It is a way to

solve the research problem. In the Project Profile various steps are generally used by a researcher to study his

research problem related to the project selected by him. These steps are:

Title of the Study


The investigator selected the following title of the study related to his study related to
his project: “Services provided by the different broking firms”.
Objective of the Study

The main objective of the present study was to compare Services provided by the different broking firms.

There were some of the secondary objectives of the present study. There were as under:

1. To measure the comparative Services provided by the different broking firms.


2. To study the customers preference for the different broking firms.
3. To explore the preferential attitude of customers towards the services of broking
firms.
4. To investigate the problems of customers with regard to services of broking firms.
5. To analyze the facilities/services which are being provided to the employees and
customers by broking firms
6. To study the effects of faster delivery, attractive advertisement and quality
satisfaction etc. on customers’ demand of services of broking firms.

7. To familiarize the concerning companies, the employees and the customers with the features of the results

obtained in the present research and to encourage them to modify their activities/behaviors according to the

obtained results.

Need & Significance of the Study

A review of related literature of security market reveals that in India & Abroad, a few surveys have been

conducted on the development and problems faced by the broking firms. But, no specific study has been

conducted on the Services provided

by the different broking firms. Therefore, the investigator felt the untouched area
of research for the present study.
The need & Significance of the present study was felt on the following grounds:
General Point of View
At present, like other countries of the world, in India, the broking firms are facing the various problems in the

field of their products. Broking firms have contribution in the market-share with regard to their services.

Service-level depends upon so many variables. Quality Satisfaction, Customer’s Demand, charges, a/c opening

fees, Provision of Facilities, market-share, timing & tips, & Advertising Strategy etc, Organizational structure

of an enterprise, human resources, Govt. Policies and business ethics etc. are some of the variables which have

relationship with the contribution towards service-level of different broking firms.

Individual & Social Point of View

The broking firms require some media for development. If the society provides suitable environment for the

development of broking firms, the firms can contribute towards the market-share for the benefits of the

customers. If, the environment is adverse, the firms cannot perform their role effectively for the benefits of

society.

Similarity, it is necessary for broking firms to identify the trading behavior of customers. If the brokers’

behavior is not good towards the customers, and the old techniques of trading in the benefits of broking firms,

the firms can emphasize the provisions of facilities to customers for increasing their market-share. Therefore,

the present study has a g

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