NISM Kotak
-
Upload
gaurav-butail -
Category
Documents
-
view
278 -
download
3
Transcript of NISM Kotak
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 1/167
$897-:94780791.,943:7,943 ,8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 2/167
!##%'$
99003/41905747,24:-0,-094
W 5,39043.059#40,3/:3.943341:9:,:3/8
W 5570.,9090300/147,8,0850784394,.9,8,13,3.,
5,330714790.039
W !705,7,9431475,883$0791.,943%089
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 3/167
#:0841$0791.,943%089
O :7,9434190908984:78
O %06:089435,507.438898416:089438 412,70,.
O ,.6:089435,5072,-0/1107039
O 4:-0;0314:7459438
O 32:25,882,788
O %070830,9;02,73147743,380782,78/0/:.90/
1470;07743,3807
O 4:,;06:089438433:207.,8:8041.,.:,9478,40/
O %4708907,3/9,0900,23,94350,80;89382,.3
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 4/167
#0.42203/0/#0,/3,907,
O 47-44147$:9:,:3/897-:94780791.,943
,23,943.,3-0/434,/0/1742382,.3
#010703.0448
O :9:,:3/833/, $,/,
O 3/,3:9:,:3/8,3/-44 $:3/,7$,3,7,3
O 4:9:,:3/847 70/2,3,3/08
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 5/167
43.059,3/#4041,:9:,:3/
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 6/167
,8.:9:,:3/43.0598
40.9;03;0892039'0.0
!44413;08947824303;0890/,..47/394570850.10/3;08920394-0.9;08
#,3041574/:.98343,8:9:,:3/$.0208
:9:,93.4397-:943,3/-03019
!741984748808-04394903;089478
030198,..7:039057454794394908,70390544
!74/:.98/08.7-0/-983;0892039-0.9;0
:3/2,3,0783;089,85073;08920394-0.9;0
3;0894782,9.9074-0.9;089901:3/83;08920394-0.9;08
3;08920394-0.9;0/013089078709:735741041901:3/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 7/167
:9:,:3/&398
,98,70889406:9:3988942:9:,1:3/8
:9:,1:3/3;089478.,0/,:394/07
:9:,1:3/8,701789411070/94,33;0894730:3/1107
$:-806:0392:9:,1:3/8:3982,-0-4:9,3/84/974:901:3/9801
4393:4:897,38,.9438,91:3/411.08473;08947807;.0.039708
!:7.,80,3/70/0259438
$4201:3/82,-0890/43894.0.,30
&39,59,890.475:841901:3/
:2-0741&398,.0',:0
,308/0503/3:543903,9:7041901:3/
50303/0/:3/ 3;089478.4203,3/24;04:9,3920
480/03/0/:3/ 3;08947889,92,9:79
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 8/167
3;0892039!479144
!4791448,.40.9434180.:7908
W 06:98,708-43/8/0-039:708/05489824302,7093897:20398/07;,9;08,3/900
:9:,1:3/8.,33;0894332,709,-080.:7908
',:041903;08920395479144.,3089,.,3032,70957.04190
80.:7908
,73942,709
!74.08841:832,70957.094;,:0,33;089203954791448343,82,73942,709
&370,80/ ,3847&370,80/ 48808
,3847488083;,:08419080.:79080/3905479144-:934970,0/974:,8,0
%49, 88098
,709',:041,9080.:79080/3905479144
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 9/167
09 88098
88098&3/07,3,02039 &
%49,88098:7703988098
:9:,:3//4083494/,3439072,8809847,-908
W :9:,1:3/8,703495072990/94-4774
$4799072,-908
:3/7:3330503808
09 88098%49,,88098 ..7:0/3.420 :77039,-908 ..7:0/
0503808
09 8809',:0
',:0507:39,9.:770392,70957.08
09,88098/;/0/-:3984:989,3/3
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 10/167
,308309 88098
%0309,8809841,2:9:,1:3/2,4:5/:09490144370,8438
39741303;089478
3.4201742/;/03/8473907089
#0,80/,3817428,0413;08920398
&370,80/,317423.70,80390;,:041903;08920398
%0309,880982,4/43/:09490144370,8438
#0/025943-08933;089478
50380894-05,/
#0,80/4880817428,0413;08920398
&370,80/488081742/0.70,80390;,:041903;08920398
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 11/167
3;0893974:8
1.5;.: :.1.5;.:
#96::65.3.5.45; .026#69;636:;64.;65
#69;6369:0.;65 60"936.1
06564:6&0.3
81;
3/3;65550
%3.;696469;
'.5;:
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 12/167
%50841:3/8
50303/0/:3/8 408349,;0,10/2,9:79/,90
..0595:7.,808,3/70/0259438,9,3920
!:7.,80,3/70/02594397,38,.9438,550343,.4393:4:8-,88,91:3/411.08,3/$8
%7,38,.9438,70-,80/43'41901:3/
&39.,59,834910/
48003/0/:3/8
#:3147,850.1.5074/
480/03/1:3/8,70411070/3,3-:9,70.480/1471:79075:7.,808,190790
425:847890/43,894.0.,3094574;/06:/9/:73901041901:3/
&39.,59,41,.480/03/0/1:3/8059.4389,39
3907;,:3/8
',7,3941.480/03/0/1:3/8
!72,7.480/03/0/-:9-0.420450303/0/,9850.1.3907;,8 $50.10/%7,38,.943!074/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 13/167
:3/,881.,943
,80/433;08920394-0.9;0
0-91:3/8 3;089338479,3/439072/0-93897:20398
6:91:3/8 3;0893306:980.:7908
-7/1:3/8 3;08933,.42-3,9434106:9,3//0-9
9071:3/83.:/339073,943,.4224/9,3/1:3/411:3/8
,80/433;089203978
6:91:3/8,;0,70,907/07004178,8.425,70/94,/0-91:3/8
6:/1:3/8,70900,8978,8903;0893;078479907280.:7908
,80/433;0892039890
.9;0,3,0/:3/8
!,88;0:3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 14/167
:3/,881.,943
,80/433;08920394743
6:91:3/8,7070.42203/0/147904390721;00,78,3/,-4;0
,,3.0/1:3/8,7070.42203/0/14797000,78,3/,-4;0
3.4201:3/8,7070.42203/0/14720/:290724300,7,3/,-4;0
$4799072/0-91:3/8,7070.42203/0/1479084799072:5944300,7 6:/1:3/8,7070.42203/0/147:97,84795074/8:594,2439
,80/433;0892039.,904708
6:91:3/83;089306:98,7080-91:3/83;0893/0-980.:7908
4302,7091:3/83;089324302,70980.:79084224/91:3/83;0893
.4224/930/80.:7908
#0,089,901:3/83;0893574507930/80.:79084/1:3/83;08934/30/
80.:7908
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 15/167
0-9:3/8
430 ,709 47 6:/ :3/8
'07 8479 9072 2,9:79
3;089 3 /0-9 80.:7908 9 088 9,3 /,8 94 2,9:79
%70,8:7 -8 .42207., 5,5078 ,3/ .0791.,90 41 /054898
!72,7 84:7.0 41 3.420 8 3907089
4 2,7 94 2,709 147 80.:7908 088 9,3 /,8 94 2,9:79
4 78 41 ' 1:.9:,943
$,109 41 573.5, ,3/ 8:50747 6:/9
&80/ 572,7 - ,70 .47547,90 3;089478 ,3/ 3899:943, 3;089478
!,7 907 8:75:8 1:3/8 147 8479 5074/8 41 920
4,93 #,90 :3/8
3;089 ,70 3 14,93 7,90 /0-9 80.:7908 ,73 ,3 3907089 3.420 3 30 9 90 2,709 3907089 7,908
407 2,7 94 2,709 78
997,.9;0 03 90 3907089 7,908 ,70 783
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 16/167
0-9:3/8
9:3/8
3;08934;073203980.:79084120/:2,3/4390722,9:7908
47841/01,:9
39070897,9078/0503/3:5432,9:7957410
;07810/0-9:3/8
3;089320/:29072,3/43907280.:790888:0/-904;0732039-,38,3/.47547,908
030194107.4:543
07.70/978
39070897,9078/:09443907247039,943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 17/167
0-9:3/8
0/0-9:3/8
$000739070893.420-3;08933/0-93897:203989,9,;0407.70/97,938
84343,8:3-43/1:3/8
0/,9:79!,38
480/03/1:3/89,93;0893/0-93897:2039892,9:79089,92,9.90907241908.020
0-980.:7908,7070/0020/432,9:79,3/5,/943;089478
439070897,9078
88:0/3,80708-,2:9:,1:3/
88:0/147;,74:892047438
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 18/167
6:9:3/8
;07810/6:9:3/8
3;089306:98,708,.7488;,74:880.9478808,3/3/:89708
08878
%02,9.6:9:3/8
44809006:98,708,3/80.9478904:/4/39075479144-,80/43,9020
317,897:.9:70807;.03/:89708.438:2078503/313,3.,3/:897
:95080.9478,3/894.81,393,9020
088/;07810/9,3,/;07810/06:91:3/
$0.9476:9:3/8
3;0893,;0380.9478:.,890.344-,33475,72,
43.0397,90/1:3/8,3/10,9:7078
$0.9475071472,3.08903/94-0...,
7747905071472,3.041,80.947
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 19/167
$97,90,80/6:9:3/8
749:3/8
3;0893.425,3084800,7338,70050.90/9474,9,3,-4;0,;07,07,90
',:0:3/8
/0391894.84144/6:,9.425,3089,9,70.:77039:3/07;,:0/-902,709
/.,5,3/$2,.,51:3/8
4.:84382,07,3/02073.425,30814790707749549039,
;/03/0/:3/8
3.4201742/;/03/8,3/3;0893.425,3089,9,;0,/;/03/0/
84343,86:93.420:3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 20/167
6:930/$,;38$.020
$42006:98.0208,70/083,90/,8$$,99092041,:3.
11079,-030198:8
3;0892039:594#83,0,738:.1:3/8.,3-0/0/:.90/17429,,-03.42041
3/;/:,3;089478
$$2:894/,90,89 41905479144306:980.:7908
4.35074/410,78174290/,90413;0892039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 21/167
-7/:3/8
4393.420!,38
W $2,07,4.,9439406:994
W ,707,4.,94394/0-9570/423,39/0-9470390/
W #0:,73.4201742/0-980.:7908,3/06:9147439072749
W !074/./897-:94341/;/03/894:9070834,88:7,3.0
W ,,3.0/:3/8W 6:9470390/-7/89,93;089:594306:9
W %0,4.,94394/0-9411078,.:8431742907841,3,06:95479144
W 473;0894784800749174206:9-:9,3957490.9431742;4,99
W 8809 4.,943:3/8
W 3,2.:3/89,9.,3.,30574547943-09003/0-9,3/06:9/0503/3:5432,709
4:944
W ,59,!7490.94370390/:3/8
W 0-980.:79089,/07;,9;03897:20394706:98,708
W $97:.9:70/54791448:.9,924:393;0890/39070893;089478573.5,
W 3;08920393/0-92,-0.42-30/9/0-9,3/06:9/07;,9;08
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 22/167
907%50841:3/8
:3/41:3/8 4
3;0898349071:3/8
:3/82,-0418,201:3/4:8047;,74:81:3/4:808:92,3,07
!4791442,3,072,0890.4.0411:3/8,..47/3943;08920394-0.9;0
%40;08410503808 :3/0730;0,3/40;0
39073,943,:3/8
3;089380.:790888:0/3147032,7098
3;089831470380.:790847147031:3/8
4891:3/89039073,943,1:3/
00/071:3/8901:3/,:3.0/33/,
00/071:3/908:59904891:3/3,34897:.9:70
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 23/167
907%50841:3/8
7-97,0:3/8
%,006:,,3/45548900548:703/11070392,7098
,73,709:73/:094/110703.0357.0390942,7098
470,25006:93.,82,709,3/1:9:7082,709
478709:7382,79490/0-91:3/8
.,30%7,/0/:3/8% 50303/0/1:3/89,997,.,2,7093/0
&398,70890/08,7084390894.0.,30
!:7.,80,3/8,097,38,.9438,7000.:90/43894.0.,30
02,9 ,..4:398,70:80/
%7,38,.9438,92,70957.08.2,-0/1107039174290'
4224/9:3/8
3;0893.4224/9%8.4224/9894.847339073,943,.4224/91:9:708.4397,.98
33/,/70.93;08920393.4224/91:9:7088349,40/
3/,3.4224/91:3/8:8:,3;0893894.841.4224/9.425,308
4/:3/8,70897:.9:70/,8%8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 24/167
#4041:9:,:3/8
%4903;08947 9041107574/:.989,903,-0,..08894;,74:82,7098
,/;07810/3;0892039455479:39,9,4.489
%49088:07841;,74:880.:7908
90,703899:943,3;0894788003-09907709:7340778
,-994243947,3/0;,:,903;0892039459438011.039
3/:897.425099;0,3/070:,90/
:9:,1:3/8,;07431742,8305,07&%3945,0783
%070,70,-4:92:9:,574/:.983902,709
!:-.80.9472:9:,1:3/8.,203,908,3/9057;,90,3/147031:3/8.,2083.090
8
4894190,8809841902:9:,1:3/3/:897,70384799072/0-91:3/8,-4:9.,70
1,;4:70/-3899:943,3;089478
$0;07,20,8:708,70-039,03-70:,9478,3/903/:897943.70,8090
5,79.5,94341709,3;08947832:9:,1:3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 25/167
:3/$97:.9:70,3/43899:0398
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 26/167
$97:.9:7041:9:,:3/8
%700907897:.9:7041$543847%7:89 8809,3,02039425,3-,80/43$
:9:,:3/8#0:,9438
$543847.70,908902:9:,1:3/,3/8098:590
:9:,1:3/8897:.9:70/,8,97:894;078003-,4,7/41%7:89008
%7:89008,5543990942,3,0901:3/8 $543847
!7424908902:9:,1:3/
554398904,7/41%7:89008,3/4,7/4170.94784190
$00870:,947,5574;,
-9.7907,
90,891;00,78050703.039013,3.,807;.083/:897
44/13,3.,97,.70.47/41,90,8997000,7857479470897,94341901:3/
!489;03094798088039,
90,89.4397-:9439490.,59,4190
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 27/167
:9:,:3/,8,%7:89
3;0894783902:9:,1:3/,70-0301.,708419097:89
%7:89008,70,554390/-90$5438479$,5574;,
,-0,809413/;/:,847,%7:8900.425,3
%08543847,;094,55439,90,8997:89008
%7:890082:89,.943-0,141903;089478 :,7/,3841:394/0781:3/8,3/,88098
%7:89/00/800.:90/-90$54384731,;4:7 419097:89008
,:808,//43-$
4,7/41%7:89008
;07800904734190,3/2,3,0203941902:9:,1:3/
0/0.84384190706:7097:8900,5574;,
:892009,90,8992083,0,7
90,897/84190202-078,;094-03/0503/039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 28/167
8809,3,02039425,3
8903;08920392,3,0741902:9:,1:3/
#085438-01477:3334190/,94/,4507,9438
3;0892039,3,02039 7002039-090039097:89008,3/90
,8/43798,3/4-,94384190
8008,5574;,8,3/8:507;843-90%7:89008
4,7/41%7:8900889039073,70:,947
8,554390/-9097:890089$,5574;,
884:/,;0,30947941,90,89#8.7470 ,9,9208
90,8941202-0784190-4,7/41,3,;094-03/0503/039
%0414302:9:,1:3/.,3349-0,34797:890041,349071:3/
8.,334903,03,3-:8308849079,39,94113,3.,,/;847,3/3;0892039
2,3,02039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 29/167
907:3/43899:0398
:9:,1:3/.43899:03980.059.:894/,38,70,554390/-90 990
,5574;,419097:89008
2:9:,1:3/.43899:0398,;094-07089070/9$
%0,70:8:,5,/1008147907807;.08
43899:039 #40
:894/,3 4/1:3/8,3/80.:7908
#%039 005,3/807;.03;08947870.47/8
,38 3,-0.40.943,3/5,2039
:/947 :/98.020,..4:398
:3/..4:39,398 !07147289074041.,.:,9390'
897-:9478 897-:901:3/574/:.98943;089478
74078 0.:9097,38,.9438380.:7908
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 30/167
:894/,3
4/9080.:790841902:9:,1:3/
#085438-01479078,100053
554390/-90$543847
3.43899:039%/70.9,554390/-90
:89-03/0503/0394190$543847,3/98,884.,908
:3.94384190:894/,3
0;073,3/,..059380.:7908,3/.,894.425090547914497,38,.9438
%7,.3,3/.425093.47547,90,.9438,3/5,4:98439080.:79080/-901:3/
447/3,93990!844/9080.:7908,..4:3941902:9:,1:3/8.0208
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 31/167
#0897,78,3/%7,38107 0398
70,90,3/2,39,33;0894770.47/8,3/807;.0902
..059,3/574.0883;0894797,38,.9438
507,903;08947$07;.0039708 $8
#%1:3.9438
88:3,3/70/0023:398,3/:5/,9390:39.,59,,..4:39
3,-33;0894797,38,.94388:.,85:7.,8070/025943,3/89.08
70,932,39,33,3/:5/,933;0894770.47/8
,33905,20393897:20398;03-3;089478,3/3491390
!74.08835,4:98943;089478390147241/;/03/8,3/70/0259438
$03/389,9:947,3/5074/.31472,943943;089478
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 32/167
897-:9478
554390/-90 347/0794802:9:,1:3/:398943;08947843-0,14190
3,-09070,.412:9:,1:3/574/:.98,.7488047,5.,4.,9438
422884385,/94/897-:9478438,0412:9:,1:3/:398
%0708340.:8;932:9:,1:3//897-:943
$543847,3/98,884.,9082,,.9,890/897-:9478
897-:94782,-03/;/:,8473899:94388:.,8-,38847-743,3/
/897-:943.425,308
:895,8890.0791.,9430,23,9432,3/,90/-$,3/.43/:.90/-90
$$$0708' :9:,:3/897-:94780791.,943,2 :894-9,3#0897,943:2-07#,1907.0,73900,23,94394025,30,8
/897-:94789,2:9:,1:3/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 33/167
74078,38,3/ :/9478
7407800.:90-:,3/8097,38,.943841901:3/2,3,078
,38574;/0.40.943,3/5,2039807;.08
!,20393897:20398,70.40.90/32:9:,1:3/8.020,..4:398
,774:970/025943,3//;/03/5,20398
:/9478,:/990-44841902:9:,1:3/
..4:39410,.2:9:,1:3/8.0208059805,7,90
:/9478412:9:,1:3/,70/11070391742,:/94784190
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 34/167
0,,3/#0:,9473;7432039
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 35/167
$,890#0:,947
3/,32:9:,1:3/8,708:507;80/,3/70:,90/-90$
$:9:,:3/8#0:,9438
',74:8,203/20398,3/.7.:,78174292094920
$,8809:5-90$ .9,3/88:507;80/-3897413,3.0
#0:,9434143899:0398 $70:,90870897,78.:894/,38-74078.40.93-,38,3/900
897-:94782:89.0,7902,3/,947.0791.,9435708.7-0/-$
43899:03982:89-07089070/9$
,3/%7:8900.425,3,70,844;0730/-90425,308.9,3/3/,3%7:898.9
70850.9;0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 36/167
#,3/$94..,308
#70:,908-,3833/,
,38.,3,.9,885438478.:894/,38-,3078,3//897-:9478412:9:,1:3/8
:9:,1:3/8,843;089324302,7093897:20398,3/80.8
430,3//0-92,7098,7070:,90/-#
$:-0.99470:,9438,//43-#
480/03/0/1:3/8%8,70890/43894.0.,308
893,70020399894.0.,308
$:-0.99470:,947,3//8.48:70706:7020398
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 37/167
884.,94341:9:,:3/833/,
83/:897,884.,943412:9:,1:3/3/:897
98349,$01#0:,937,38,943 $#
81:3.9438
#0.42203/8-089-:8308857,.9.08,3/.4/041.43/:.9147202-078
#057080398903/:8979470:,9478,3/54.2,0783$#,3/904;0732039
43/:.983;08947,,7030885747,2208
88023,90831472,943
#0897,943:2-07 #
897-:9478025,300/-,2:9:,1:3/,190770897,9439
4/0419.8 147 8
0,393;089478390720/,708,3/905:-.
/,590/,8,8:550203939019$.0/:04190$:9:,:3/#0:,9438
:/0308,3/4728147390720/,708
$,82,/092,3/,947147/897-:94789414490.4/0
8,:94780/-$9480005,3,94388:0,733847.,3.09070897,943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 38/167
$:22,741,3/,90/$07;.0$9,3/,7/8-
$
%7,38,.943 %:73,74:3/ %20
492039 41 :398 3 , 49079,3 $$ /,8 1742 .483/,90
492039 41 :398 3 , $$ / ,8 1742 .483 /,90
85,9. 41 $9,902039 41 ..4:39 4343 473 /,8 1742 97,38,.943 706:089
85,9. 41 $9,902039 41 ..4:39 $8902,9. 97,38,.9438 /,8 1742 03/ 41 .,03/,7 6:,7907
85,9. 41 /;/03/ ,77,398 / ,8 1742 /,90 41 /;/03/ / 0.,7,943
85,9. 41 70/025943 574.00/8 473 /,8 1742 97,38,.943 706:089
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 39/167
3;08947#98147$07;.0$9,3/,7/8
0,3/85,9.3/;/03/,77,3984770/025943574.00/8
,8945,90:394/073907089,9907,90415,
$8902,9.3;089478.,32,0,850.,706:089147$9,90203941 ..4:39
:8970.0;0907$9,902039841..4:3993/,8
472,393;089472:8970.0;0,$9,90203941 ..4:3943.0,0,7
$419.4541$9,90203941 ..4:392,-08039943;0894780;072439
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 40/167
$50.,%7,38,.9438
,30417407
0990794902:9:,1:3/3/.,93.,3041#
423,943
42300,554390/-90:394/07
!74.00/841901443900;03941/0,949490342300
&390791.,90
,-0574;/0/:543706:08993473/,8
44507,943,5:75480
02,9 4/3
347/079497,38,.9:39843894.0.,30
94.447/3,909!94574;/0/02,9 89,90203994:394/078
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 41/167
3;08947#9814731472,9438.48:70
' ,3/$,0,3/#05:7.,8057.08/8.480/43 0-890-520;07
-:83088/,48 .,35:-8907 '-,24190309-:83088/,
09,0/!479144/8.48:703905708.7-0/1472,90;0724398
3038/,,3/4307043,3085,507
9324394190.48041,10,7
48003/0//0-91:3/8,3/3907;,1:3/8,;0945:-890754791448430-890
93473/,8410;07243903/
$:22,780/ 5479144/8.48:7094:394/0780;072439974:,.98009
'4:39,73/:89757,.9.0
$.02080,33:,70547994-02,0/94,:394/078
93243984113,3.,0,703/
0/4.:203982,-03850.90/-3;089478
09,0/41107/4.:2039031472,9430247,3/:233:,#05479
%7:8900/3;0892039,3,020397002039:894/,$07;.087002039#%039
7002039,3/0247,3/:279.0841884.,9434190
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 42/167
#989#0850.994:3/,3,02039
,303:3/,2039, 997-:908
:9:,1:3/94803/,79903.422:3.,94394:394/078,-4:9905745480/.,30
343038/,,3/4307043,3085,507
59439409147,90,89/,894:9094,/-01470902502039,9434190.,30
%0723,94341
473/3:541,$.020-:394/078
#084:943-:394/0784/3,90,8941,880983908.020
%0723,94341 473/3:541,$.020-,47941%7:89008
$0090.43803941:394/078
,303$5438474790
&394/078,;0907994-0314720/
59439470/00294:9094,/
$97:.9:7,!7490.943
%047908543847/4349/70.94/901:3/84780.:7908-043394903;089478
:894/,383/0503/0394190$543847
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 43/167
298943;08947#98
,33498:090%7:89
&394/078,70349,805,7,900399/1107039174290%7:89
%0%7:89843,34943,0399
!73.5041.,;0,90259470990-:07-0,70
&394/078.,33498000,70.4:780439074:3/841349,;370,/:3/078944/47349.0/31472,943/8.480/
574850.9;03;08947,834798970850.994901:3/90 47
390720/,708
2989470/7088,
09078,704/078347/05489478
3;08920398.,3349-057490.90/
1107/4.:2039/8.4808,503/33;08947.425,398
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 44/167
11074.:2039
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 45/167
#40419011074.:2039
0,705708039,94341904110741902:9:,1:3/8.02094903;089478
4397,.9:,70,94385-090033;08947,3/902:9:,1:3/-,80/43
$4:7.04131472,943
,.74:3/31472,94343902:9:,1:3/,3/908.020
3;089478,70050.90/9470,/,3/:3/0789,3/-014703;0893
472,95708.7-0/-$
11074.:2039147,301:3/
800897:8900,5574;,,3/108/7,199$147,5574;,
8,;,,-043$0-8901475:-.;03
$,5574;,:8:,.420893/,88:-0.994.,3081,3
2:89-02,/0932439841$,5574;,4190
$43;0989094038:709,9,706:70/31472,9438574;/0/9/408349,5574;0
4770.42203/908.020-03411070/8.,207,:80
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 46/167
0:3/1107!74.088
55.,94314728 .439,3,-7/0/;078434190343,8031472,943
0247,3/:2
425090,;,,-0943;089478430-890
5074/2:89-0290/94/,80.059147$$:594/,8
50303/0/8.02045038147705:7.,80,3/5:7.,80,1907,492039
48003/0/8.020098890/43894.0.,30
4920392:89-0.425090/,3/8.020450314797,38,.943893473
/,841.48:70
4254303984111074.:2039
$9,90203941//943,31472,943$
31472,9430307.94,8.020841,2:9:,1:3/
$.02031472,9434.:2039$
31472,943850.1.94,8.020
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 47/167
$9,90203941 //943,31472,943$
439,380307.31472,94341902:9:,1:3/
09,841908543847,3/13,3.,8947
,208,3/,//70880841904,7/41%7:89008
09,841050784330,3/4,7/4170.947841
09,841;,74:81:3/.43899:0398
3;08947807;.0411.078/09,8
439,3813,3.,31472,94341902:9:,1:3/
!071472,3.04108938.0208430,7-,88
$.0200503808,3/4,/8,55.,-0
39,88:00503808
,8/4390798413;0894779 31472,943807;.08,3/70/7088, 0/4343.09$3905708.7-0/1472,9
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 48/167
$.02031472,9434.:2039$
0/9$147,5574;,-01470,:3.41,308.020
31472,943850.1.94,.079,38.020
$.020950450347.480/03/
3;08920394-0.9;0
8809,4.,943
3;0892039897,9008
%0728970,7/946:/9
008,3/0503808
03.2,7147908.020
3;089203970897.94381,3
,3/,947/8.48:708,3//8.,2078
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 49/167
:3/,2039, 997-:908,3/#8,.9478
:3/,2039,,997-:908,70088039,10,9:70841908.020 #8,3/709:735,7,209078,70/0130/-901:3/,2039,,997-:908
%01:3/,2039,,997-:90841,8.0202,-0.,30/574;/0/
%0,5574;,419097:89008,3/$89,03
3;089478,70314720/,-4:9905745480/.,30,3/;0390459439409908.02094:9
5,3,3094,/
%02,08,5:-.,334:3.020394190.,303,90,89943085,5078
#8,.94782,-089,3/,7/478.020850.1.
$9,3/,7/781,.9478,55,.74882:9:,1:3/8.0208770850.9;041090798,3
06:91:3/47,/0-91:3/
:9:,1:3/8,708:-0.9942,70978
$.020850.1.781,.9478,559490850.1.8.020147.90,8-003
5705,70/
7898.02041,2:9:,1:3/
#841.43.0397,9433,80.9471:3/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 50/167
90731472,943
3/.,9;0,8809,4.,943,3/9504180.:79089,9901:3/3;0893
4774354.41901:3/ 5074/,3/29843-47743
!4.,3/70:,94384339078.02097,381078
094/4441.,.:,94341 '$,0,3/!:7.,80!7.0
507,943,/09,8
!074/4141107
!,38459438,3/4,/8
57.0,3/-,881478:-806:03957.3
55.,943574.088
32:23;0892039,24:39
3;08920391,.9088:.,8$!8$!8,3/89.08
3;0894780-0943;089
,9041.42203.343438,0,3/5:7.,80
,9:79/,9018.0208.480/03/0/
894111.,!439841..059,3.0!%
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 51/167
4/1.,943894$ ,3/$
50303/0/8.0208$2:89-0;,/,9,9208
&5/,90/;0784394-0,;,,-0430-890
,30894$
,907,.,30894-0:5/,90/220/,90
,308941:3/,2039,,997-:908,308943;0892039459438
,30834,/897:.9:70
42,907,.,308$94-0:5/,90/0;070,79324398419003/4190
,30894$
,907,.,30894-0:5/,90/220/,90
,30894$543847
,30894050784330
42,907,.,308$94-0:5/,90/0;070,7924398,99003/41
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 52/167
//03/:2
5503/949011074.:2039
:9:,:3/888:0,3,//03/:2943491,3.,3039031472,943574;/0/
98:.92090,703.47547,90/390$47$ 0;070,7
//03/:28,;094-0,5574;0/-97:89008,3/34910/94$
//03/:22:89-05:-80/3943085,5078
%4-057423039/85,0/4390349.0-4,7/,990411.,5439841,..059,3.0
41,55.,94314728
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 53/167
031472,9430247,3/:2
$00894574;/001:3/31472,94394903;08947-014703;0893
-7/0/,3/.43.80;07843419041107/4.:2039
.4541902:89,..425,30;07,55.,9431472
.439,38,31472,943147434397,38,.9438
472,914785708.7-0/-$0- :89-0:5/,90/,90,8943.0,0,7
439039841
3;08920394-0.9;0,3/,8809,4.,9435,9907341908.020
$.020850.1.4507,943,/09,8
,2084190,3/97:8900.425,3
!071472,3.0894741908.020,3/90-03.2,71474309700,3/1;00,78,3/83.0
3.05943
503808,3/4,/8,55.,-094908.020
3;08947807;.08,3/798
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 54/167
:3/897-:943,3/,330,3,02039
!7,.9.08
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 55/167
3/;/:,,3/3899:943,897-:943,3308
3/;/:,/897-:9478,70343,83/0503/0393,3., /;8478 8
7002039994,.9,8/897-:947
89,-8507843,439072.439,.98,.74883;0892039574/:.98
3899:943,/897-:9478.,3-0/897-:9434:808-,3847343-,3313,3.0.425,308
254008,3/$:--74078
/0-7,3.30947,3/,70.039-,80
70,907047,5.,70,.
$9,3/,7/80/ 574.088147,.6:73807;.3,3/,/;833899:943,/897-:9478
8,;094/0,943003997,9079,380;07,3/;/:,8
8.,3302,3,078807;.0903899:943,/897-:9478
!74;/034:807080,7.,3/574/:.970.42203/,9438943;089478
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 56/167
007,330841:9:,:3/897-:943
330:9:,:3/897-:943
0-8908,43;089478942,03;089203984330;0.:770394/38,9,9089',3/
.43/:.98,05:7.,8097,38,.9438
3;08947.70,908,3,..4:3992:9:,1:3//897-:9470-890
..4:3985,8847/57490.90/
43;03039,3/5,50708897,38,.9438
4.06:0 7938706:70/5,2039.,3-02,/0974:.70/9.,7/
897-:943974:$94..,308
$0- ,8,40/894.0.,30-7407894.43/:.92:9:,1:3/97,38,.9438974:907
97,/35,914728990$,3/$
740782:89.0,7$0791.,9434-9,3#,3/025,30,8/897-:9479
$8%$$,3/$8$%#:9:,:3/!,91472
5031742,29452
:9:,1:3/890:5990894.0.,30894411079071:3/8974:97,/35,914728
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 57/167
55439203941897-:947
8,554392:9:,1:3//897-:9478-039073394/897-:943,70020398
/897-:947,894-0025,300/-,2:9:,1:3/-01470-03,-094/897-:9098
574/:.98943;089478
!70706:8908147-03,554390/,8,/897-:947
3/;/:,/897-:9478,3/025400847705708039,9;08413899:943,/897-:9478,;094
.0,790$:9:,:3/897-:947.0791.,9430,23,943
00/944-9,390#0897,943:2-07#-0147090.,3800025,3020399
8
3899:9438390/897-:943-:83088,84300/94097089070/9
%0.0791.,9430,23,9438;,/147,5074/4197000,78,1907.9,894-0
70;,/,90/-,9903/3,4393:3!74108843,/:.,943!97,33
25,30203914722:89-010/:508003025,302039
!07843,/09,83,20841050450,3/38,08,3/4507,9438-:83088/09,8
55439203990723,94341/897-:947890/8.709434190
408349706:70$,5574;,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 58/167
897-:943 7002039
898/439090728,3/.43/94384190,5543920394190/897-:9478
,89054079490723,90,7002039,9,3920,1907/:0349.0
44904/0419.8-90 ,3/:9:,1:3/8
,:8084190,7002039
38:709,9908;03,43990,55.,9431472943;089478
314723;0894789,9907083470.4:7809490/897-:947147,3574-0283903;0892039
1107:39843,9905:-.41107357.0.:7703930110.9,3/34941107/1107039,57.3
42299400539097,38,.943,/09,8.431/039,
422994,-/0-3897:.9438174290,3/9089,9:947.4/08:/0308,3/.7.:,78
4988:0,/;079802039475:-.92,907,49079,39,9574;/0/47,5574;0/-90
38:709,990781,.9478,702039430/,4395071472,3.0,3/490770,90/31472,943
!74;/0,9031472,9439,9902,,8147174292094920
38:709,9,02540084,7003,0/3803472,7093412:9:,1:3/8,;0,3#
&3/079,034994,997,.93;089478974:90259,9434170-,9041.422884347198
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 59/167
897-:94742288438
%070,7034$7:084390232:2472,2:27,9041.4228843
31:03.0/-.422884385,/-4907.4250931:3/8,3/90950418.020
897-:9478,70349,40/94.,70.4228843843907433;0892039
39,422884385,/:517439
3974,/.,70/17423;089478,8:80/-2:9:,1:3/8945,.4228843894-74078
3974,/,8-003-,330/83.0:
3;089478,;090540794/0./0905,203994,/;8478147907807;.08
897-:9478,;094/8.48090.42288438900,7343.425,7,-08.02080390
70.42203/,8.02094903;08947
%7,.422884385,/,843,8903;08947702,383;0890/3901:3/
,.:,90/4390.:770392,709;,:0:398-74:93-90/897-:947.:77039'4190:398
!,/147909205074/41.903;08947702,389901:3/
,825480/,-,34397,.422884314797,3810770/,88098
4308,;0/-894-0:80/1473;089470/:.,943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 60/167
$,08!7,.9.08
897-:947,.94382:89-039039070894190:394/078
897-:9478,;094144 8.4/04109.8 ,80,80,89480
5708.7-0/-90.43.0730/ ,3/$
,3/1:3/4:808,;05:935,.0,80941:/030894-01440/-90
/897-:9478%0803.:/0901443 2:9:,1:3/8349,..4:39,-014790,.9;90841908:--7407841,/897-:947
897-:94782:89,;0.425090340/04190574/:.94341107
897-:94782:8934907.0398300/8,3/57410
%0574/:.9.48032:89200990.0398706:7020398
897-:94782:8903.4:7,044/3;0892039,-988:.,8439072,3/70:,7
3;0892039
897-:94782:89574;/044/,3/011.039,19078,08807;.0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 61/167
$ /;0798020394/0
O $,85708.7-0/,/;079802039.4/01472:9:,1:3/8.8
2,3/,947 ,3/8,8:3/07
$9,3/,7/20,8:70894.425,708:.,833:,0/#
09.
33:,80/0/8147,90,8943097001;00,7883.0
,:3.
470889,30,75071472,3.0-84:90#09:7394:9
,33:,8,943
!,89,382,3497050,931:9:70
#81,.94785742303989,90/
557457,90-03.2,794-0.4803
37,33411:3/94-005,30/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 62/167
..4:393',:,943,3/%,,943
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 63/167
'425:9,943
0988098 $:2949,41,88098 ,-9084190:3/
88098 ,709;,:0413;08920398#0.0;,-08
..7:0/3.42090788098
,-908 ..7:0/0503808!,,-08907,-908
'41,&39 :989,3/3&39841 :2-07
$.0209041 88098 09
$.560.303.;!;6;.3.::;:.51;6;.3!665;:.95
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 64/167
07.80
,.:,90'41:3/&39 3901443.,80
O 441:398
O ,709;,:0413;0892039834;9$0.:7908#8,
O ,709',:0413;08920398347547,9043/8#8,
O 9078809841901:3/#8
O ,-90841901:3/#8
O !,,-08-901:3/#8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 65/167
',:,943!73.508
',:,943/,80;07-:83088/,03 '8.,.:,90/
',:3902:9:,1:3/5479144:83.:770392,70957.08419080.:79089
4/88.,0/2,73942,709
09,88098.,34:50390708,70,0/3.42047,3,5570.,9433902,709;,:0
41908.0208,88098
09,880984/430390708,70,0/48847/0570.,943390;,:041908.0208,88098
503808,3/3.420,70,..7:0/0;07/,
..7:0/3.4202,-0/;/03/847390708970.0;,-0
..7:0/0503808,70:8:,901:3/70.:7730503808.,70//,94908.020-:9
5,/243947,33:,
'412:9:,1:3/8.0208,;094-054890/4390 0-8900;07
-:83088/,-52
'874:3/0/411:594,90,8994/0.2,5,.0814706:9,3/-,,3.0/
8.0208,3/9414:7/0.2,5,.081476:/3/0,3/4907/0-98.0208
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 66/167
!:7.,80,3/#0/025943!7.0
!:7.,8057.094903;089478908,057.094902:9:,1:3/70/02594357.09490
3;08947890705:7.,8057.094902:9:,1:3/
3974,/
25480/4390'94,77;0,95:7.,8057.0
3;089475,8,57.09,9824709,390'
403974,/8.,3-0.,70/943;089478
94,/
25480/43'94,77;0,99070/02594357.0
#0/:.089070/02594357.0
94,/.,3349-0;,70/-,80/4390950413;089479,894,55:3147294,
3;0894783,8.020 $4393039010770/$,08,70
',7,-0094,/8,550/4390-,8841905074/147.903;0894789,83;0890/
94,/847$.,70/943;08947830.08841,894-0.70/90/-,.9490
8.020
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 67/167
$.020503808
503808-4730-902:9:,1:3/8.02070:,90/-$
30503809,98349.,70,-0470.00/390298,894-0-4730-90
39,88:0503808
3.:770/942009050380843,/;079802039.42288438,3/,:3.41908.020/:73,3
50380870,90/94,3.,3349-0.,70/94903;08947%0,;094-0-4730-90
:3/#0.:773503808
3.:770/942,3,090243024-80/1742903;08947
%00,/84105038089,9.,3-0.,70/94908.020
%02,2:2050380,8507.039,041309,880989,9.,3-084.,70/
..7:,-,88,3/70/:.0/174290,8809841908.020-01470.425:93'
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 68/167
,70,-0,3/43,70,-0503808
503808/03910/,8-03/70.905038083.:770/942,3,0901:3/.,3-0
.,70/94908.020
3;08920392,3,020391008
,7093,3/8030503808
00841.:894/,38
0084170897,7,3/97,38107,0398
:/91008
%7:89001008
489870,93943;08947.422:3.,943
48984189,9:947/8.48:70,3/,/;0798020398
50380849079,39480890/,-4;0.,3349-0.,70/94908.020
308,3/503,908,84.,3349-0.,70/94908.020
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 69/167
,2:2#0.:773503808
9.23 ::;:
698;51:
6965151:
699:;%:09: 695;%:09:
695;%:09:
"5.3.509.
23::;:
%099575::0.556;01;6336593.;6934;:
.303.;4.%099575::;.;0.50.9.9.235;.::;:.9%:6958;/;:04
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 70/167
3;0892039,3,02039008
489831.,390,/410503808.,70/94908.020
%029843 1008,70,81448
43901789#8.7470 41309,88098
4390702,33309,880984;07,3/,-4;0#8.7470
6:/1:3/8,3//0-91:3/8.,3349.,70,33;08920392,3,0203910081471:3/85,70/384799072-,3/054898
33/08.02085,88;02,3,0/
%00503802981473/08.02083.:/3%88#0.:77305038029
3.:/32,3,0203910088,3,020390088
:3/411:3/83;089349071:3/8,3/90701470.,3349.,7024709,3
,81008
3.:/390050380841901:3/3.93;0898904;07,05038094903;089473,
1:3/411:3/8.,33490.00/900503802985708.7-0/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 71/167
..4:393!4.08
..4:398410,.2:9:,1:3/8.020,;094-02,39,30/805,7,90
$70:,94383/.,9090850.1.,..4:393970,9203941;,74:890283,
2:9:,1:3/8.0208,..4:39
897-:9,-08:75:8147905:75480415,3/;/03/3.:/0870,0/,38
,..7:0/3.420,3/:370,0/48808-:9/4083493.:/0:370,0/,38
:9:,1:3/8.,3/897-:90/;/03/8434:94170,0/574198
&370,80/ ,38.,3349-0/897-:90/,8/;/03/8
&370,80/ 488082:89-070/:.0/174290/897-:9,-08:75:8
&39!702:2#0807;08349,;,,-0147/;/03//897-:943
;07,0.48984:/-0:80/94/0907230904/3.489419080.:7908
3;0892039884:/-0,..4:390/439097,38,.943/,903494390809902039
/,90
;/03/8-43:8,3/79870.0;0/-,2:9:,1:3/8.02084:/-0
70.430/43900/,90
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 72/167
',:,9434728
',:,94341902:9:,1:3/54791448/430430;07-:83088/,
:83088/,8,/,039080.:79082,70983.901:3/,83;0890/84503
6:98,708,70;,:0/,990,8997,/0/57.04390;,:,943/,
13497,/0/57.0,;,,-090.48357.04190570;4:897,/3/,34924709,3/,8
-01470.,3-09,03
3.,80419397,/0/8,70$,5574;0/;,:,9432094/448,/4590/94,77;0,9901,7
;,:0
0-980.:7908,70;,:0/0907,92,70957.08197,/0/47,8507$34728147
;,:,943
$0.:79089708/:,2,9:79/,8
94-0;,:0/,9090/,;07,057.0197,/0/4390;,:,943/,90
4397,/0//0-980.:7908-0;,:0/43,2479,943-,88
$0.:79089708/:,2,9:79/,8
94-0;,:0/,9090/,;07,057.0197,/0/43;,:,943/,90
13497,/0/57.0,;,,-0;,:,943-,80/430/2,97
78 574;/0878 0/,97:80/,.7488903/:897
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 73/167
%, 850.98147:9:,:3/8
2:9:,1:3/870.430/,8,5,88974:897:.9:70,3/8002590/17423.420
9,
;/03/83907089,3/.,59,,380,730/-902:9:,1:3/8.020980181:
0025917429,
;/03/8,700025917429,390,3/841903;08947
;/03/8,708:-0.994/;/03//897-:9439,%/0503/34390950418.020,3/3;08947
%4-05,//70.9-901:3/-01470/897-:9434190/;/03/
6:9470390/:3/
$.0209,9,824709,34198309,88098306:980.:7908
498:-0.994
%
4306:9470390/1:3/8,708:-0.994%
6:/1:3/8 147,.,904708413;089478
4306:9470390/3436:/1:3/8 -3/;/:,8,3/&8
-,4907.,904708413;089478
$:7.,70,3/.088,8,55.,-04:/-0,//0/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 74/167
,59,,38,3/$0.:7908%7,38,.943%,
$4799072.,59,,3$%$4799072.,59,488$%
,59,,34748870,80/ -8,041:39893,5074/4124398
439072.,59,,3%439072.,59,488%
,34748817428,0,1907,4/35074/414300,7
3/0,943
/:893905:7.,8057.014731,9431475:75480841/0907233.,59,,38
%0.4894131,9433/094-0:80/1473/0,94385:-80/0;070,7-90%0397,
4,7/4170.9%,08
:9:,1:3/8,703498:-0.9940,9%,390,3/841903;08947
$0.:7908%7,38,.943%,
55.,-04314706:9470390/1:3/8,3/06:9,3//07;,9;080.:7908
!,,-0-902:9:,1:3/435:7.,80,3/8,097,38,.94384390894.0.,308
,914706:9,3/147/07;,9;08
!,,-0-903;08947,943890/06:9470390/8.0208,3/,943
70/0259434106:9470390/1:3/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 75/167
,.:,93,59,,3%, 3,250
O 77:33;0898#8,.83:398/:73
O 30808:398,3/098#8
O
O
3/00/5:7.,80.489#8O ,59,,38#8 #8
O 43%072,59,,3%,8#8#8 4741
#8 0#8
O -;4:80800.99045943415,3#8 ,3/349#8,8439072.,59,,39,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 76/167
%,!74;8438
:3/ %50 % $% % $%%
6:9 470390/ 1:3/8 02593 70/0259438
6:/ 1:3/8 ,73, 7,90
41 9,,943
94:9
3/0,943 47
,1907 3/0,943
49 ,55.,-0
907 34306:9
470390/ 1:3/8
3/;/:,8
,3/ &8
49078
,73, 7,90
41 9,,943
94:9
3/0,943 47
,1907 3/0,943
49 ,55.,-0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 77/167
3;08947$07;.08
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 78/167
3;0894783:9:,:3/8
3;089478-0943;0893:9:,1:3/8
3/;/:,83/::3/;/0/1,208&8
425,3085,79307851728
%7:898.,79,-03899:9438
,3813,3.,3899:9438
43-,3313,3.0.425,3088
38:7,3.0.425,308
!74;/0391:3/8
:9:,1:3/8
47033899:943,3;0894788
43708/0393/,38#8
!078438413/,3473!8 #08/0393/;/:,3;089478,7090,7089802039
#09,,3/
&8.,33;089974:,79,
;0780,847547,904/08,3/14703.90380.059!8,703490-0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 79/167
#09,,3/3899:943,3;089478
%04,33;08980.943419041107/4.:203941,8.020850.10890.,904708413;0894780-0943;0893,2:9:,1:3/8.020
%03/;/:,3;08947.,90473.:/08709,3;089478823478,3/#8
#09,3;0894782,/0503/:54390/897-:94794574;/09031472,943,3/,3,88
82,/02,3/,-099076:,941807;.0
3478.,33;089974:,:,7/,3
3899:943,3;0894783;089,8507907.,7907,3/39073,574.08808
5574;,412,3,02039.42299008,3/-4,7/41/70.9478
4,7/87084:943,3/.,790741903899:943,70706:70/ :94780/ 83,94708,703/;/:,8,:94780/ 9483/4.:2039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 80/167
344:7:894207
%0/039941948003907339413,3.,97,38,.94382:89-0343,3/;0710/
!744141/03994190.:8942075744141708/03.0!072,3039..4:39:2-07,3/
54947,5,70;0710/94.425934728
/03910/807;.0574;/07$'039:7089/
083,90/,..059,3.054398!439841$07;.0!4$
43.0.425090/8;,/,.74882:9:,1:3/8 3;089478,;0948:-29,5494.454190,.340/02039,439,55.,943
14728
.425,3.082,3/,947147,4393;0894783,1441475:7.,80
97,38,.943841#847,-4;0
1473;0892039-,2347
425,3.0-:,7/,3
1473;0892039-!40741 994730
425,3.0-903;08947,3/904/0741,994730
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 81/167
!,3/.74$!
!82,3/,947147,3;0894783,2:9:,1:3/770850.9;0413;0890/,24:39
.05943.74$!
.74$!,70002590/1742706:70203941!.,7/
33:,3;0892039/4083490.00/#82,/0-3/;/:,8#823478,3/840
5745709,71728
025943349,;,,-0147&8,3/!8473433/;/:,3;089478
9073,90;,/5494/0391.,943/4.:203982:89-0574;/0/3890,/
3;089478,84706:70/94574;/0,3:3/079,39,9907949,2.74$!
3;089203983,0,7/43490.00/#8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 82/167
!:7.,80%7,38,.9438
7085:7.,808,702,/0-3;089478-8:-2993,3,55.,9431472.425090
3,70850.98
503,30144
32:23;0892039,24:39
:73,347,1907908.020450381475:7.,808
//943,!:7.,808,708:-806:0395:7.,808,190717085:7.,80
,3-02,/0:3/07900893144
,3-02,/0:83,97,38,.94385
32:2,//943,3;0892039,24:39
%7,38,.943$5
443:2-0794/0391903;08947
&80/14770/0259438,//943,5:7.,80889.08,3/0;0334313,3.,97,38,.9438
8:.,8.,3041,//708847.,3041-,3/09,8
,894-0830/,..47/3949024/0414/3419014494-0;,/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 83/167
!,20393897:20398
!,20398:8:,2,/0-.06:0 4.,.06:08 ,..4:39838,20.9-:9/1107039-,38
:989,943.06:08 ,..4:3983/1107039-,383/1107039.908
95,7.06:08 4704.,.06:08
02,3//7,198,70,..0590/17424.,9438070,3$8349,;,,-0
:9:,1:3/8/4349,..059.,84:989,943.06:08243047/07889,0.06:0847
5489/,90/.06:080.059147$!8
0.9743.!,20393897:20398
$.0208,..4:39/09,8,70088039,
!74414197,381072:89-0,5503/0/,43990,55.,943
%#%$$70.997,38107$%
/0:80/1472,36:/1:3/5:7.,808-3899:943,3;089478
$ 55.,943$:554790/-4.0/ 24:39
$0- ,8,40/147,55.,9438
4304084:941903;089478-,3,..4:394343,492039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 84/167
!,20393897:20398 #8,3/8
43708/03909073,#
4703.:7703.,..4:398
:3/8.,3-0705,97,90/4370/025943
43708/03947/3,7#
3/,37:500,..4:398
:3/8.,3349-0705,97,90/4370/025943
4703.:7703.343708/039#
!,2039702990/1742,-74,/
47033,7/#0299,3.00791.,90#8,574419,9,33/;/:,,870.0;0/,5,20393
14703.:7703.17424:98/090.4:397
$4:7.0411:3/8/09072308705,97,-9 411:3/84370/025943 #0/025943894#8,708:-0.994%$4390.,59,,382,/039097,38,.943
#0/025943894#8,7033/,37:5008
8:80343708/0397:500,..4:3981473;0892039833/,
:3/81:705,97,-0 4370/025943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 85/167
#0/025943%7,38,.9438
#0/0259432,-0850.10/39072841:398477:5008
%0705:7.,8057.0890,55.,-0 '23:8094,/
#0/025943706:089,894-010/-4394/078,850724/0414/3
3.,8041.47547,903;089478,:94780/ 83,94708,;094839070/025943706:089
1,70/025943706:08970/:.0890-,,3.094-04232:229903,90:39889,3/39490.70/94190144-070/0020/,3/90144.480/
#0/0259438,7009072,/0/70.939490-,3,..4:3947-.06:0843
.90-,3,..4:39/09,8,7057057390/
:9:,1:3/8,70706:70/94807;.070/025943706:089893473/,8
,3988,;0945,,503,390708941507,33:29490:394/078
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 86/167
55.,-0 '
:9411920/0907230890 ',55.,-01479097,38,.943
',550/94,97,38,.943/0503/8:54390920039097,38,.943706:089,870.0;0/
-902:9:,1:3/,3/90950418.020
'8.425:90/43-:83088/,8147,8.0208 .0596:/1:3/8147.'8.425:90/0;07.,03/,7/,
:9411920;,7081476:/1:3/5:7.,808
8947.,'85488-0
47,3436:/1:3/890,55.,-0 '8574850.9;0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 87/167
:9411%20,3/ 55.,-0 '
%7,38,.943 :9411 920 55.,-0 '
6:/ 1:3/ 5:7.,808 3 443' 41 90 /, 5747 94 90 /, 43 . .0,7 1:3/8
,70 ,;,,-0
6:/ 1:3/ 70/0259438 52 ' 41 97,38,.943 /,
436:/ 1 :3/ 5:7.,808 52 ' 41 97,38,.943 /,
436:/ 1:3/ 70/0259438 52 ' 41 97,38,.943 /,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 88/167
%20$9,253
#0.47/90920,9.,97,38,.943,870.0;0/,9,3!%
!%8 :9:,1:3/411.08,3//083,90/3;08947807;.0.039708$8
%092089,2582,3/,94794/090723090,55.,-0 '147,13,3.,
97,38,.943
0.9743.92089,253706:702039147,2:9:,1:3/5:7.,80,3/70/025943
97,38,.9438
%092089,2532,.30.,59:708909204170.05941,97,38,.943
%04.,943.4/02,.30/039107/,9092022,3/7:333807,3:2-07
,700307,90/30;0792089,25
%092089,2532,.3070.47/897002570884381475:7.,80
90,55.,94314724797,38,.94385 90-,.41905,20393897:2039,3/
90,.340/02039
4770/02594397,38,.9438,9700257088438,70439070/025943706:089
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 89/167
$9,90203941 ..4:39$4
!7441413;0892039
$4 8 ,70/085,9.0/ -90#%,039,19070;0797,38,.943
93-:83088/,8419097,38,.943
3.,8041$4 2:89-0/085,9.0/ 93-:83088/,841,492039
3.,8041$
!$4
880390;076:,7907
7085:7.,80$4
24:3957.0,3/:398,702039430/
$:-806:03997,38,.943$4
24:3957.0-,,3.0:398.:770392,709;,:0,702039430/
#0.0;0/974:5489.4:70702,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 90/167
%7,38,.9438%74:$94..,3074078
%7,38,.9438,705,.0/047/0789490-74078
4397,.934900307,90/9,300.9743.92089,25
#0.059415:7.,80706:0898,3/70/025943706:08988,3/0/--74078
49203941:398,,3895:7.,80,3/700,80411:3/84370/0259438,3/0/
-90#
%,0398 44/09,8,70803994#%,0398--74078
$099020398349:,7,3900/-90894.0.,3047.0,73.47547,943
#085438-94180990203908990,3/#%,0398
,-0358.,147247974:/02,9 ,..4:39
02,9 89,9020398.438/070/,890$4 94903;08947 02,9 97,38,.9438,7080990/974:.70/9,3//0-93897:.94389490/0548947
!8.,97,38,.9438,7080990/974:#%039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 91/167
3;089203959438
%0:3/07354791448147,459438,70908,204354899,709:738,70/1107039
74945943
,382,/0390547914417423.420,3/,5570.,943,70709,30/,3/,38,707010.90/3
'
3;089472:8970/002:3989470,80 ,38
#0,80/ 574194888970,90/,8.,59,,3847488
;/03/!,4:9
:3//0.,708/;/03/174270,80/ 574198,190797:8900,5574;,
24:39,3/1706:03.;,708,3//0503/8:543/897-:9,-08:75:8
/;/03/'',190790/;/03/8/0.,70/,3/5,/4:9
:2/;/03/'',1907/;/03/,8-003/0.,70/-:93495,/4:9
'1,8,1907/;/03/5,4:994900903941/;/03/5,/
;/03/#03;0892039
;/03/8703;0890/3908,208.020--:3,//943,:398,9900/;/03/'
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 92/167
3;089203959438 3:897,943
749 ;/03/!,4:9 ;/03/#03;0892039
',990-0333 #8 #8 #8
:2-0741&398
',19070,7 #8 #8 #8
;/03/41/0.,70/ 4 08 08
;/03/24:39 #8 #8
'5489/;/03/ #8 #8 #8
:2-0741:3980/
',:0413;0892039
!709,709:73433;0892039
#8.,59,,3
#8/;/03/#8.,59,,3
#8/;/03/#8.,59,,3
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 93/167
$8902,9.3;0892039!,38
3;0894783;089,8:25074/.,394,2:9:,1:3/8.020
55.,-0 '890 '4390/,904190389,2039
#:500.489,;07,3
:32470:39803902,70984,3/088:39803902,7098
!074/41.4229203941$
!.,3;,70243980,70,780,78
$50.1.3907;,8,9.3;08920392:89-02,/0024396:,7907,1
0,7
3;089203982,/043850.1./,908089999 410;072439
,3-039,90/,439
789389,2039 8:543,492039
$0.43/389,2039 .4208,1907901:3/450381478:-8.75943
!,203924/08 !489/,90/.06:0800.9743..0,73807;.089,3/3
3897:.943147/70.997,38107
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 94/167
$!,3/$%!
$8902,9.9/7,,!,3 !074/.70/0259438,990570;,3'088094,/,8,55.,-0
3;0894785074/.,-44574198,3/0307,9070:,73.420
3;089472:89850.190/,90419/7,,905074/419/7,,
,-0850.10/390728413:2-0741:39847,24:3947,8905074/.,5570.,943390
8.020
$8902,9.%7,38107!,3
!074/.,97,38107,850.10/8:217424308.02094,3490793908,201:3/4:80
058370-,,3.35479144
#0/025943174284:7.08.020
3;08920394170/025943574.00/839490/0893,9438.020
$!174284:7.08.020,3/$!394/0893,9438.020
,59,,38,55$%%
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 95/167
$9.08,3/%7078
$9.08
#0/025943,3/5:7.,8097,38,.943740/394430
#0/00238.0208.,0/84:7.08.020 89.4:90
!:7.,838.0208.,0/9,7098.020 89.30
,3,84-0/43017424304594394,34907
$,;08920,3/011479324;31:3/817424308.0204594394,34907
#%.,770/4:99097,38,.94383903;08947870.47/8
94,/8349.,70/14789.93459438
94,/8.,70/,8,55.,-014739078.02089.
%7078
:942,90/5:7.,8070/02594389.47/;/03//0.8438-,80/43570/0130/0;0398
!70/0130/0;0392,-0$0380 0;08709:739,709809.
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 96/167
907%7,38,.9438
$07;.0706:7020398474313,3.,97,38,.9438
,303507843,31472,9438:.,83,20-,3,..4:39/09,84394/07/09,8
83,9470889,9:809.
,80/43/4.:20398574;/0/,857441
:9:,1:3/:398.,3-050/0/9-,38,3/13,3.0.425,30894-47741:3/8
%0,24:39414,3/0503/84390;,:041:3984390/,9041-47743,3/902,73
&39850/0/,702,70/:3/0703390144,3/.,3349-070/0020/
3;089478.,33423,9090507843944290:398.,3-097,3810770/3900;03941
907/0,9
423,9438.,3-0.,30/
423,943,894-0830/-,4394/078
42300.,3-0,2347
42300798,708:-807;039949,941904394/078
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 97/167
#8#09:73,3/!071472,3.041:3/8
,5907
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 98/167
7;07841#09:7383,$.020
%054791448902,3/7;0741709:7383,
2:9:,1:3/8.020
%0:3/0731,.9478,70/11070391470,.
,8809.,88
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 99/167
6:9$.0208 :3/,2039,,3/%0.3., 3,88
%070,7094/8.53084180.:7908,3,88:3/,2039,%0.3.,
:3/,2039, 3,88
39,870;04190.425,381:3/,2039,8;13,3.,89,90203986:,9412,3,0203909.
%0,3,89809857.09,7098-,80/4313,3.,5,7,2090780!$!#,94
:/0090790894.8:3/07;,:0/474;07;,:0/
$94.0;,:,90/390.43909413/:897,3/2,.741,.9478
%0.3.,,3,88
$9:/41894.57.08,3/;4:20854990/,8.,798
/03915,9907389,92,3/.,90090790708,/423,3.041-:34780339070893
894.8
!479144:/3 5574,. %45/43,3/49942:5
%45/43,5574,. 89,79892,.749033/:897,3/903.425,3
49942:5,5574,. 89,7989.425,39033/:897,3/9032,.74
%45/43814780.947800.94349942:58147894.800.943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 100/167
,7338,3/44',:0!07$,70
,73385078,70!$
!7419,19079,5078,70
,70957.0,73385078,7094,77;0,9!7.0,733!7,94
3/.,90842:.902,70983945,5077:500410,73341,894.
8947.,!.425:90/:835,890,7338
47,7/!.425:90/:831:9:700,7338
4!20,38:3/07;,:0/,3/!20,384;07;,:0/
44',:0!078,70
094798,70.,59,5:870807;08,3/8:75:8084190.425,3/;/0/-903:2-07
418,708 ,70957.044;,:05078,7094,77;0,9!7.044',:0!'7,94
!'0889,34303/.,9089,9908,708803,9,57.04079,398-44;,:0
,3/2,90701470-0:3/07;,:0/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 101/167
0-9$0.:7908
0-980.:7908705708039,3:3/0734,3
47740789088:0703/07890-:07
0-93897:20398,;0,1,.0475,7;,:0,7088:0/147,850.1.5074/
0-93897:203982,9:7043,850.1./,90.,0/902,9:79/,90
%0347890/89,3.03920942,9:79
4:5437,90890,33:,7,904139070895,/43905,7;,:04190-43/
88:0/-904;07320395:-.290/.425,308-,38,3/13,3.,3899:9438
4;073203980.:7908,70,84.,0/98,3/,;034.70/978
88:0/147,903471742940,78
4302,70980.:7908,7088:0/147,90347410889,30,7
%70,8:7-8.42207.,5,5078,3/.0791.,90841/05489
4,937,9080.:7908
39070895,,-05074/.,87080997010703.09490-03.2,747-,807,90
8570,/8,//0/9490-03.2,77,9094,77;0,990.4:543
074.4:543-43/8,7088:0/,9,/8.4:39,3/70/0020/,95,7
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 102/167
%49,#09:7330-9!4791448
43889841,..7:,3.4209,9.42081742390708970.0;0/43905479144,3/
.,59,,38488081742.,308390;,:041905479144
!7.041,-43/708543/894.,30832,70939070897,9083,33;0780
70,94385
33.70,80339070897,9080,/894,1,357.0410893-43/8
1,339070897,9080,/894,3839057.0410893-43/8
%0/0-954791444:/84,2,7942,709,3139070897,9081,
%0/0-954791444:/84,2,7942,709488139070897,908,3
%0.,30357.04114,937,90-43/8290//:09439070897,90.,308
4:543830/94902,709-03.2,7
,308339070897,9087010.90/390.4:5439801
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 103/167
25020393903907089#,90'0
80.:794143072,9:794:/1:.9:,90,492470,8.425,70/94847990347
80.:7908
0-9,3,898479,70,90/.43.059.,0/24/10//:7,943
4/10/:7,9438,90.3.,20,8:7041-43/880389;994.,30833907089
7,908
079024/10//:7,94341,-43/079039070897,9080389;941,-43/
;07,02,9:79,3/24/10//:7,943,70/70.970,90/
:3/2,3,07,9078897,90-,80/4339070897,90;0
139070897,908,70050.90/943.70,80901:3/2,3,074/-:-43/841847907
90347849,990.,59,48808,7070/:.0/
139070897,908,70050.90/941,-43/841430790347-0-4:99403,3.090
.,59,,38
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 104/167
0/$570,/,3/70/9$570,/
0/.:7;08489070,94385-090039039070897,908,3/909034743,;03
/,
98/7,314780.8 ./4349,;0,3.70/978
0/.:7;0:8:,84508:5,7/3/.,939,99039070897,90147,4307903478
079,39,9419084790790347
430790347-43/2,10,9:70,077,90.425,70/94,40790347-43/
0/8570,/890/110703.030/,.7488903478147908,20.70/96:,9
110703.0-09003907,90147,-43/9.70/978,3/904;0732039-43/14790
8,20903478.,0/.70/98570,/
39070897,90841,3434;9-43/8,7007,3//0503/43907.70/97,93 0790.70/97,9341,-43/07890507.0;0/8,109,3/40790.70/98570,/
43/8907.70/97,93,7088:0/,94077,908,3/;.0;078,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 105/167
3;089203934/,3/#0,89,90
4/,8,33;0892039.,88
3;089478570107944/4/0390778,;07843408:5
4/8,749,8809,3/0307,908343.420
%0709:73817424/903/94-0,110.90/-908970394190&$4,73.9857.08
/03423,90/
37:5009072890709:7317424/903/8943.70,8003907:500/0570.,908,3//0.70,80
03907:500,5570.,908
#0,89,90,8,33;0892039.,88
408039208410.4342.-442
#09:73174270,089,908...,
$0389;09439070897,908
98,4390723;0892039,3/470390/94.,59,,5570.,9437,9079,33.420
#0398,84:7.0413.420-:9900/2,-04
6:/98;074,3/09934:941,33;08920392,-043/7,3,3/05038;0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 106/167
0,8:70841#09:738433;0892039
$250#09:73
43;079394,507.039,0
.425,7390'4;07945439839200.,30892,9090709:739,91:3/,80,730/
4;07905074/
#09:73.,3-05489;04730,9;0/0503/34309079003/'807474079,390
89,79'
$250#09:73 ',99003/ ',99089,79
',99089,79
$5708.7-088250,-84:90709:738,890709:73705708039,9431475074/8088
9,34300,7147,1:3/80.0596:/1:3/8
,250%0'41,1:3/,8#843,3:,7,3/#843,7.
%0,-84:90709:730,730/-903;0894743;0890/,99089,7941905074/,3/80;,:,938
3;0892039,99003/41905074/4:/-0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 107/167
33:,80/#09:73
#09:738.,3-089,3/,7/0/,81900700/147,4300,75074/
$250#09:7382:950/-,33:,83 1,.94734731474/35074/
3/,8,3/2439870850.9;0
33:,,943 41709:73817426:/1:3/81475074/80889,3,0,78,40/
-$
,250
33;08947-4:9,:39,9#843,3,3/84/9147#84357
%0$250#09:7394903;089478
40;0798890709:730,730/4;07905074/,394571007094,8
,94:/-090709:73507,33:204:/,33:,8090709:73,81448
5,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 108/167
4254:3/0/ 33:,749#,90 #
4254:3/0/7,90,9.903;0892039,87431742430543994,34907
4254:3/320,38709:73,8-0030,730/349:8943903;0890/573.5,-:9,84
4390709:7380307,90/5074/.,
#70107894907,9041709:73,77;0/,9,1907,43147709:73894-0703;0890/
7''3
'
890;,:0,99089,79
' 890;,:0,99003/
38904/35074/30,78,3/
7890#
#09:73,3/5071472,3.0/,9,5:-80/-2:9:,1:3/8:8090 #2094/147
5074/870,9079,34300,7
,250
33;089475:7.,80/2:9:,1:3/:398,9#80,.,3/70/0020/902,190797000,78147#8
0,.,988#
#)
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 109/167
#147;/03/#03;0892039
390.,8041,/;/03/459430.,3.425:9090 #-,88:239,990
/;/03/8070703;0890/,9900/;/03/ '
,250
33;08947-4:9:39841,1:3/,9#80,.070.0;0/,/;/03/41#8507:39
.0703;0890/,9900/;/03/'41#80,.1084/84/38,9#8507
:39,9890949,709:7394
03;,:0 :398#8#8
;/03/8 :398#8#8
441:398703;0890/ :398
3/;,:0 :398#8#8
%49,709:73
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 110/167
3;08947#09:73;8#057080390/#09:73
%03;0894783;08920392,349,;0-0032,/04390/,908:80/94.,.:,90
7057080390/709:73
3;0894782,2,0,//943,3;08920398479/7,1:3/8,9/11070399208
:3/87057080395709,709:738
.9:,54899,709:7382,-0/1107039/0503/343909,89,9:841903;08947,3/90
9,,-94190709:73
%05:-80/709:7381479074945943 33;08947.4483,/;/03/45943
2,,;0,/11070394/35074/709:73
3;0894782,,;0,407709:731905,,3094,/.2,08907
70/02594357.04079,390 '398.,80709:73,894-0.425:90/:83
9070/02594357.034990 '
:9:,1:3/8.,334957428047,88:70709:738943;089478
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 111/167
,709#88
,709788,89,3/,7/7832:9:,1:3/574/:.98
3;089203954791442,7942,7090;07-:83088/,
#09:7384:/;,79;,7,94383902,709;,:08
,70978306:9,78081742.,308357.08/:094.,3083:3/073
1:3/,2039,,3/90.3.,1,.9478
3/0-93897:20398.,30832,.740.4342.1,.94789,9.,30902,709
050.9,943814739070897,908
39070897,9078
:9:,1:3/82,3,02,709788974:/;0781.,943
6:98,7083,830894..,33490.00/4190309,88098
0-980.:790841,830-477407.,33493472,0.00/41309,88098997:8900,5574;,
2,2:24141309,88098
%04/3841,2:9:,1:3/,.7488,988.0208.,3349-04;0741905,/:5.,59,41,
830.425,3
%0,;07,02,9:79416:/,3/;0784799072/0-91:3/8894441472,709788
94-0831.,39
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 112/167
6:/9#88
6:/97882,34903,-0-:3478030,8,82,-0706:70/
$2,,3/2/.,51:3/813/9/11.:994098:.894.894:925,.939057.0
:3/2,3,078,70,741,,70547914480
$0.43/,72,70983.47547,90-43/841407.70/96:,9,70349;076:/
4302,70980.:7908053038:738:11.0396:/9
,25,.95479144709:73830,9;0
#994902547,7894570/0259438190507.0;0076:/93902,7098
6:/,3/9397,/0/80.:7908.,3349-024709,341309,880983,.480/03/
1:3/,3/3494;0741309,880983,3450303/0/1:3/
;078.0208,,;0,90,893;089478,3/9,9,8303;089478,3494/
4;074190:39.,59,41908.020
40;07,38,40/33/,32:9:,1:3/8
,-4774147243982,942009847990726:/9706:7020398
490.00/341309,88098
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 113/167
70/9#8
01,:935,203941390708947573.5,47-49-,388:0741/0-980.:7908
090747,9434190.70/96:,9708:931,357.08,3/309,8809;,:08
70/9788,880880/174290.70/97,93
.70/97,933/.,908,4/070041/01,:978
3;08933897:203989,9,70.70/97,90/-,03.087089070/9$
3;08920393:37,90//0-980.:790841430.425,3.,33490.00/4190309
,8809841,8.020
4924709,341309,8809841,8.020.,3-038:.:37,90/80.:7908
,.748888:078
:9:,1:3/8.,774:99074339073,.70/97080,7.,80
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 114/167
0,8:73#8
#88/0130/,890;,7,3.041,.9:,709:7381742050.90/709:738
$9,3/,7//0;,94389086:,70744941;,7,3.0
$.01:3.94389/0;7,30.439,3390709:7392080708
0789,3/,7//0;,94320,3870,907;4,993709:73,3/70,90778
,709782,-088902,9.47:388902,9.
$8902,9.788349/;0781,-0,898.,:80/-2,709/01,.94789,92,25,.990
5071472,3.041,7,3041894.8 &388902,9.788.425,3850.1.,3/.,3-070/:.0/-/;0781.,943
09,8,20,8:70419088902,9.783,306:95479144
0,8:7089080389;941901:3/8709:73894.,3083902,7093/0
-09,4120,38901:3/809424;0,439902,709
:3/89-09,,700-02470789,3902,709,3/,70,7088;01:3/8
:3/89-09,903/94-008878.425,70/94902,709,3/,70/01038;01:3/8
4/10//:7,94320,8:708783/0-91:3/792,7091,.9478
079024/10//:7,94370,907902,7097841901:3/,3/;.0;078,
0790,;07,02,9:79079078
# 9 # 9
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 115/167
#0,9;0#09:73
!071472,3.0412:9:,1:3/8820,8:70/43,70,9;0-,88
-84:90709:738,7020,33088
&3/075071472,3.047:95071472,3.0;8;8902,709-03.2,7
%070834,88:7,3.041709:73
3;08983,809412,709,-080.:7908
!071472,3.041,1:3/2:89-020,8:70/79
%02,7099,994507,9083
3;08920394-0.9;08
;072:9:,1:3/574/:.982,3/,947706:70/94850.190-03.2,794
.985071472,3.0.4:/-0.425,70/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 116/167
03.2,78
!4791449,90307,908,33/0503/0390;041709:737057080393,3,8809.,8847
3;0892039890
,7093/0895.,:80/94-03.2,75071472,3.0
4.041,-03.2,7147,1:3//0503/843984-0.9;08,3/90,8809.,88083
.93;0898
42243:80/-03.2,78
,709-03.2,7709:73
!00774:5709:73
#09:73434907.425,7,-013,3.,574/:.98
:9:,1:3/8,;0943/.,902,709-03.2,7801390,99092041
,:3. ,-0.,30/43997:89008,5574;,
,709-03.2,78,703/0503/039547914489,9,703492,3,0/
425:90/3/0503/039-0.,3085:-.,94387080,7.,03.08
03.2,7709:73,894-057080390/0390,/;07980908.02085071472,3.0
9 / -9 /
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 117/167
6:9,3/0-9:3/03.2,78
6:91:3/-03.2,78
3;08920394-0.9;08,3/,8809,4.,9433905479144,7090-,88147/090723390
,557457,90-03.2,7
$2,,3/2/.,51:3/8-03.2,7$;07810/1:3/8-03.2,7$
,70.,51:3/8-03.2,7$$038019,3380.9471:3/8-03.2,7$,30
0-91:3/-03.2,78
557457,903/04:/-0430480.425489437010.9890.425489434190/0-91:3/
54791443907284190347,3/.42548943
$0.:7908$000
788 6:$%943/3/047547,9043/3/0
-7/1:3/-03.2,78
8809,4.,943,3/.425489434190-03.2,784:/-082,7949,941901:3/
78 5078 ,,3.0
4/%8,70-03.2,70/,,3899057.0414/
#0,089,901:3/8,,38970,089,903/.08
:3/89,93;08932,709849079,33/,:80,557457,903/.08419,92,709
!
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 118/167
!00774:503.2,78
#0,9;0-03.2,73990500774:5
!071472,3.041,1:3/3.425,78439449071:3/83908,20.,9047
1:3/9,9,850714720/-099079,390,;07,04198500774:588,/94-0,34:9507147207
%01:3/8-03.425,70/84:/3;0893908,20,8809.,88
306:91:3/.,3349-0.425,70/9,/0-947-,,3.0/1:3/
%01:3/884:/,;0,82,73;08920395,99073
/;07810/06:91:3/.,3349-0.425,70/982,.,547,2/.,51:3/
%03;08920394-0.9;041901:3/884:/-082,7
306:91:3/9,914.:8084390.,59,44/880.947.,3349-0.425,70/9,-,3380.947
1:3/
91:3/.,3349-0.425,70/9,33.4201:3/
#080,7.,03.08574;/37,938,3/7,33803,-0500774:5.425,7843
9073,3.,!74/:.98,8425,7,-0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 119/167
5
03.2,78
-84:90-03.2,78,70:801:147,-74,/07:3/0789,3/34190574/:.9
907574/:.984182,73,9:70
0-91:3/709:73;8;890709:7343,-,3/05489
!709:73;8;890709:7343!4393.420$.020
0.425,732:9:,1:3/894907574/:.9841,82,73,9:70900110.941
9,08,3/.48982:89-0.438/070/
:9:,1:3/8.,3349574;/0,-84:90709:738
%05071472,850790,8809.,8808903;0893,3/902,709709:7381479080,8809
.,8808
# / 9 / # 9
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 120/167
#8 /:890/#09:73
#8,/:890/709:738:80/940;,:,90.4388903.41709:738
43889039709:7320,38709:73.42089,40778
#09:730307,90/70,9;09490789,03-901:3/940307,9090709:73
$,750#,94
425,70890709:7341,1:3/99878
#09:73820,8:70/,8900.088709:734;07,7817007,90#09:7341901:3/ 7817007,90
98.4224394:8090/,%70,8:7-7,90,8903/.,94741907817007,90
$,7507,94.088709:73$9,3/,7/0;,943
4790$,7507,9494-0,1:3/300/8945489,07709:73147908,207847
40778147908,20709:73
,250
306:91:3/54890/,709:73419,89,3/,7//0;,94341%0-03.2,754890/,709:7341
9,89,3/,7//0;,943411907817007,90,89078,/:890/709:7320,8:70/-
90$,7507,944:/-0,81448
47901:3/
4790-03.2,7
%70347 #,94
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 121/167
%70347#,94
425,708900.088709:734;07907817007,9041,1:3/9987820,8:70/
--09,
.088709:73#09:7341901:3/ 7817007,9041709:73
09,20,8:7084388902,9.78$9,3/,7//0;,94320,8:708949,78
%70347 #,94.088709:7309,
0790%70347 7,94-09907901:3/5071472,3.0
,250
306:91:3/54890/,709:73419,-09,%0-03.2,754890/,709:73419
,-09,411907817007,90,89078,/:890/709:7320,8:70/-90%70347 7,94
4:/-0,81448
47901:3/
4790-03.2,7
,3,078 5,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 122/167
,3,07 8 5,
&8090%70347 20,8:7094,81902,3,0754890/,30.088709:734;0790
-03.2,7,1907,/:8931472,70978
,250
306:91:3/54890/,709:73419,-09,%0-03.2,754890/,709:7341
9,-09,411907817007,90,89078,/:890/709:7320,8:70/-90
,3,078,5,4:/-0,81448
.088709:7341 7817007,90;0398-09,41980.088709:73
84:/,;0-003%070147090,5,41901:3/8
%7,.3 7747
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 123/167
%7,.37747
.438890395071472078,1:3/.8,-094;0-09907709:7389,390
-03.2,7,.74889205074/843,78,/:890/-,88
%7,.30774720,8:70890.4388903.3709:738
%089,3/,7//0;,943410.088709:738.,0/9097,.307747
4079097,.3077470790.4388903.35071472,3.0
1900.088709:738.42090778902,349-0.43889039
%2080708410.088709:738,3/.425:9089,3/,7//0;,943418:.0.088709:738
19089,3/,7//0;,943890709:7382,349-0.43889039
%7,.30774741,33/01:3/,;094-0074
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 124/167
$.020$00.943
,5907
#$ ' %&$ #&$ "&%&$
$0.947:3/8
,,3.0/ :3/8 -,80/ 43
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 125/167
,,3.0/:3/8 -,80/43
0-08809 4.,943
749:3/8
0/0-9:3/8
;07810/6:9:3/8
3/0:3/8
',:0:3/8
6:93.420
:3/8;/03/0/
:3/8
,,3.0/:3/8-,80/43
0/88094.,943
439 3.420!,38
,59,!7490.94370390/:3/8
;07810/0-9:3/8
9:3/8
430,709
:3/86:/$.0208
!071472,3.0 ,3/ ,8 0;08 41 6:9 :3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 126/167
!071472,3.0,3/,80;08416:9:3/8
:9:,1:3/574/:.98/1107572,739072841709:7378,3//087,-03;0893
4743
43889039!071472,3.0
438890390307,90-09907709:7389,390-03.2,74;07/11070392,70989:,9438,3/4307
9205074/8
-941901:3/9457490.9/438/0783920412,709/439:73
430790725071472,3.04;074784:/-0:80/94800.906:91:3/8
,80;08
,84/383,306:91:3/84:/349-04;074190309,88098
0;041.,82,259,9901:3/2,3,07897394920902,709
4/3.,88,/01038;089,3.04539457490.9901742,890051,3894.57.08 %01:3/2,3,078.,8.,2,9:734:994-07947743253,78147903;08947
43.0397,943 ,3/ ,709 ,5 41 6:9 :3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 127/167
43.0397,943,3/,709,5416:9:3/8
!47914443.0397,943
0;041/;0781.,943-,80/4354791444-0.9;0
190945894.83905479144,..4:3914724709,34190309,88098,1:3/2,-0
.43.0397,90/,3/.,3,;0,0778
190945970080.94783,/;07810/06:91:3/,..4:391474;074190309,8809890
1:3/2,-0.43.0397,90/ 902,9.4780.9471:3/,;0,0780.947.43.0397,943
%02,9.,3/80.9471:3/8,70.48039,.9.,
,709,59,8,943
$4:/-03309904-0.9;0841905479144
,70.,51:3/84:/-0570/423,39,70.,5
,70.,51:3/,840778416:/9,3/0,73384.8
;07810/1:3/,;39442:.0548:709482,.,58878
$2,2/.,51:3/8,708:90/147,7088;03;089478
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 128/167
$0 0 ,3/ $90 41 6:9 :3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 129/167
$0 0,3/$90416:9:3/8
$041901:3/31:03.08905071472,3.0
982470/11.:9946:/,9070-,,3.047831.,39,90790.4254894341;07,70
54791448
3/38:9,-0894.8943;08932,,84-0.420,.,030,890803.70,808
0850.,1472/.,5,3/82,.,51:3/8,3/80.9471:3/8
4307,041901:3/57080398,430797,.70.47/1470;,:,943 308931:3/,8,97,.70.47/1470;,:,943090301:3/,83430
-994:/05071472,3.04;07,43075074/41920
$90411:3/5071472,3.0/0130878709:7357410
3,.9;02,3,0/1:3/2,-078079,3,5,88;01:3/
;/03/0/1:3/89,914.:843;,:0,3/,7008878.425,70/94749470390/1:3/8
,70.,51:3/82,-0,707380,3/088;4,9082,.,51:3/82,-082,07380
,3/2470;4,90
3,-:82,7097491:3/82,4:95071472;,:01:3/83,-0,782,709;,:0
1:3/84:950714727491:3/8
;07,0 ,9:79 ,3/ 0/ 41 0-9 :3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 130/167
;07,0,9:79,3/0/410-9:3/8
0-91:3/8,70/1107039,90/-908020394190/0-92,709903;0893
:3/2,3,078.43897:.9547914483.:/380.:790848090347830/94904-0.9;08
3;0893474341903;089472,-02,9.0/9490,;07,02,9:79
;07,02,9:793/.,90890090394139070897,90783905479144
0790,;07,02,9:7941,/0-91:3/70,9079039070897,907841901:3/
0/41,/0-91:3/54791443/.,90890709:7343905479144
:3/898479079034782,10,9:70,4070/.425,70/941:3/8907
,;07,02,9:79
07905745479434180.:790894-0;,:0/0;07/,432,7942,709-,88,3/07
90,;07,02,9:79079039070897,90783905479144
3,1,339070897,908.03,74/0-91:3/8907,;07,02,9:794110707709:738
1742.,59,,38
50380#,9470/9":,9,3/$50.,
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 131/167
$97:.9:708410-9:3/8
503807,948;0725479,393/0-91:3/8
07050380/70.970/:.090709:7341901:3/
/0-91:3/94070503807,9484:/-057010770/9494809070503807,948
3899:943,5,3894070503807,948147,703;089478
70/97,93413897:2039839054791443/.,908900903941.70/978
9039415,507894.70/96:,93905479144
:3/82,.42574280.70/96:,9147,070/9,3500774:5,;07,0
91:3/8/4349.,77.70/978
$50.,$97:.9:708
4,937,901:3/8,;0,439070897,9078,3/,70,44/3;0892039459430339070897,908,70783
!84/80.:79089,9,;0908,2090347,8901:3/,3/,700/942,9:79%0,70349
,110.90/-39070897,9078
6:/1:3/83;089380.:790892,9:79/,8%0,;0408939070897,9078
!071472,3.0,3/!4791440,9:708410-9
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 132/167
:3/8
!071472,3.041/0-91:3/8300/349-00;,:,90/4;07435074/841920
!071472,3.041/0-91:3/8895.,0;,:,90/1475074/81742970024398944300,7
:3/8989,-0709:738,3/70:,7/;/03/8,7057010770/
0-91:3/5071472,3.0893,;03500774:5/408349;,79442:.
!4791440,9:708
,704/341.,8,3/06:;,03988:.,870/:.090709:738
:3/894.70/96:,92,-0;3,709:73
/0-91:3/54791449,,703:2-074180.:7908824706:/,3/247010-0
,7080//0-91:3/8.,32,3,03148,3/4:91480503808,3/6:/9-099079,3
82,071:3/8
$00.943 41 -7/ :3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 133/167
$00.94341-7/:3/8
-7/1:3/8.,3,;0,306:947/0-947039,943
,..425430392:89-00;,:,90/:8390;,74:85,7,2090781470,.430
-7/1:3/8574;/0,33/.,9;0,4.,9439406:9,3//0-9:8:,93,
7,30
!071472,3.041,-7/1:3//0503/84390,4.,94394,8809.,8808,3/.,3089498
,4.,943
92,-0/11.:994.425,70-7/1:3/89;,73,4.,9438
%080.:79080/93905479144:3/070,.,8809.,8825,.9
5071472,3.0
%070:,794190/;/03/,3/90570/.9,-94190,24:3941/;/03/,70
1,.9478:80/3800.943411:3/8
$00.943 41 907 :3/ %508
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 134/167
$00.94341907:3/%508
4/:3/8
',:0414/%8-033099057.0414/
:3/89,93;08934/30/.425,3894.82,-0,;02470006:91:3/89,3.4224/9
1:3/8
7-97,0:3/8
$0094-03019174282:9,304:80548:70306:9,3/06:9/07;,9;02,7098
5071472,3.04190801:3/884:/-0.425,7,-0949,94184799072/0-91:3/8
290/6:/9
:3/41:3/8
2:92,3,071:3/411:3/82,-0,-09907.4.0
4803-,80/433;08920394-0.9;0
;,:,90/-,80/43907,-994800.9,3/2,3,0,5479144411:3/8
39073,943,:3/8
#8709:73,3/5071472,3.02,;,7/0503/343897,9090,/459943;089339073,943,
2,7098
$4:7.08 41 31472,943 43 :9:, :3/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 135/167
$4:7.084131472,94343:9:,:3/8
4391,.980098411:3/4:808
31472,94314:3/8433;0892039470390/0-8908
0-890841 21 ,3/$0- ,3/70850.9;02:9:,1:3/8
03.089,9:802:9:,1:3//,9,94.70,90.425,78438,3/7054798147574/:.9
.425,7843,3/800.943
#,338,3/7,938411:3/8,1907.,881.,943411:3/8394,500774:5
31472,943574;/0781472:9:,1:3/8
',:0#080,7.,9;,:07080,7.4330.42
.7, 4330,92:9:,1:3/83/,.42
#$,9.781:3/807;.08.42
4733$9,7,92473389,7.43
5507,955070-.42
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 136/167
$00.9390#93;0892039!74/:.98147
3;089478
,5907
!8., 88098 ,3/ 3,3., 88098
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 137/167
!8., 88098,3/3,3., 88098
!8.,,88098,;0,58.,,3/2,907,1472
4/,3/70,089,90
#09:738:8:,390147241,5570.,9434;07920
!8.,,88098,7095.,57010770/-3;089478/:09079,3-03,9:70
5480/94,,7/88:.,8170901947144/8.2,074/0907;,:0
3,3.,,880983;4;03;089324301478420.,81483901:9:70
&3/073.,247039902039943907089/;/03/847573.5,3;0890//408349,;0,
9,3-01472
,3/054898.425,3/05489806:98,7084;07320398,;33897:20398-43/8
,3//0-039:708
!7490.90/174258.,,72
05313,3.3900.4342.,.9;9
3.4:7,0/-4;07320394;0758.,,88098
:,7,3900/,3/43:,7,3900/3;08920398
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 138/167
:, , 00/ , / 4 :, , 00/ 08 0 8
:,7,3900/3;08920398
!73.5,47390708947-49,70,88:70/-,3,03.0904;0732039
4;07320398,;38.0208
43:,7,3900/3;08920398
3;089203989,9/4349574;/0,3:,7,39001475074/.5,4:9847709:7341.,59,
06:98,708/0-039:708,3/2:9:,1:3/8
4/,8,33;0892039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 139/167
0/0,,38931,943
4/34/39058.,1472
4/-43/84/.438,3/-,78
4/34/39013,3.,1472
:34/390.4224/91:9:7082,709
% 7,/0/3.4224/90.,308090,3/957.08 30/944/57.08
:34/30/1:3/8
:34/0.,3097,/0/1:3/8%8
3/,3:9:,:3/84/30/1:3/8
4/%8
39073,943,4/1:3/8
$0.:7908414/233.425,308 /;,39,08414/34/313,3.,1472
4/-,80/2:9:,1:3/8.0208,3/%8,70002590/17420,99,
3;0892039834/2:9:,1:3/8,70439072.,59,,88098,1907,4/35074/414300,7
:9:,1:3/8.0208411073423,9431,.9943;089478349,;,,-0358.,4/
#0,89,90,8,33;0892039
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 140/167
#0,89,904/3358.,1472
!7010770/-3;089478
8-043/9020,384182,3;089478
.,59,706:70/8,70
97,38,.943.48982,-0
490,8946:.6:/,903;08920398370,089,90,9,3,557457,9057.0
#841.43.0397,9438
490,894/;0781
#0,89,90:9:,:3/8#8
3,-03;0894789470.0;0-030198413;0893370,089,909,82,3;0892039
70.93;0892039370,089,90/0-93897:2039888:0/-/0;0450784780.:7980/4,38
,3054898
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 141/167
5
!7010770/1472413;0892039982,3;089478
,.994,..0881:3/8,3920
,2,799907-,3
438/070/8,103;089203945943
29,943841-,3/054898
!03,91475702,9:709/7,,
0/43-,3/05489886:904
110.94131,94343709:738
3;089478.,3349-030191742.,308339070897,908
45488-994-030191742.,59,,383,1,339070897,908.03,74
W 39070893.4201742-,3/05489889,,-0
!4899,709:7381742-,3/054898.,3-0407,8.425,70/94/0-92:9:,1:3/8147,3
3;089473,9,-7,.09
% 84079,3903;0894782,73,9,7,908
6:9$,708
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 142/167
6
!45:,7,243:7-,33;089478
#0570803985,79430785390.425,3
3;0892039306:98,708411078
749549039,,3/,5570.,94341.,59,3;0890/
6:/9174289343894.0.,308
07439072709:738,8.425,70/9449073;0892039459438
490,8147709,3;089478
00/7080,7.8:55479,80,8050798094800.99079894.8
00/,,70,24:3941.,59,94.70,90,/;07810/54791444106:98,708
:9:,1:3/84110790,/;,39,041/;07810/,3/574108843,2,3,0/06:9
547914494709,3;0894780;039,82,4:9,
0-039:70843/8,3/425,3054898
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 143/167
5 5
0-039:708-43/8705708039-47743841.425,308 !,,14,934710/7,90413907089
!7;,905,.0/943899:943,3;089478
0-039:708411070/94709,3;089478,;094-080.:70/-90,880984190-477407
,3/,70890/4390894.0.,308
6:/941/0-039:70886:904,3/3;0894782,03/:54/3902942,9:79
3;0894782:89-0,7413897:20398411073,7,90413907089,890.,3,;0,4
.70/96:,9
425,3/054898,70:380.:70//054898943;089478
!,70:,739070894390/05489,3/709:7390573.5,432,9:79
425:847.70/97,90/
#,904139070898:8:,079,39,941-,3/054898-0.,:8090.70/978807
390708943.425,3/05489889,,-0
6:/984,3/3;089478,;0944/902942,9:79
3;0894783.425,3/0548982:89-0,741/01,:978
3899:943,43/8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 144/167
3,3.,3899:94388:.,8 #,3/88:0-43/8
890/43894.0.,308
&8:,411070/994459438
!074/.39070895,2039824396:,790747,33:,
005/8.4:39459439,95,8343907089-:9,8,70/025943;,:0.8079,3
9088:057.0 &380.:70/,3/,;094-0.425:847.70/97,90/
317,897:.9:70-43/81479,8,;3
317,897:.9:70-43/8,700-01479,-030198:3/07$0.94341903.420%,.9
/0/:.943:594#8, 43,24:393;0890/
317,897:.9:70-43/81478,;3.,59,,38
3;089203941.,59,,38932439838:.34910/-43/8002598903;089471742
5,3.,59,,389,4390,24:393;0890/$0.943
4910/-43/8,70-43/888:0/-#,3/
!:-.!74;/039:3/!!
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 145/167
#81700/054899,982,/09904;0732039
,3-045030/-3/;/:,3;089478
33/;/:,.,3,;043430!!,..4:393847073,20
33:,.4397-:943/05489-903;0894739490!!,..4:39.,3-0-09003#894
#8
425:847942,0/0548980;070,7!03,908,700;0/
4397-:9438:594#8507,33:2,700-01479,/0/:.943:3/07$0.94341
903.420%,.9
4397-:9438,;094-02,/01470,78
%,170039070897,9010/-904;0732039.:77039,9507,33:2
39070898.4254:3/0/
39070897,908,;01,031742945,
290/6:/9
3907089,3/9070/025943574.00/8,92,9:79,700025917429,
$2,$,;3$.0208
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 146/167
#:3-,943,$2,$,;387,38,943 974:9089,904;07320398
,943,$,;380791.,90$8,3 ',8 !,97, '!$03479038$,;38$.020
,3/5489411.08,;38.0208
!7010770/-82,3;089478
:,7,390043573.5,,3/3907089
1107,10/-:947,90413907089,3/,70-4:91479078,1099,3147907709:73 ,;094-00/:392,9:79
' 07290/6:/9
39070897,908,7010/-904;0732039,3/70;8438,70349/430;071706:039
,8970;843,83
38:7,3.0
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 147/167
1038:7,3.0
!7490.943,,389488413.420/:094:3050.90//0,947/8,-941,30,733202-07
$:2,88:70/8904-,9434154.4/07
#06:70905,20394170:,75702:2-9054.4/07
$:7703/07;,:085,/4:93.,804190723,9434154.
%508411038:7,3.054.08
!:70907254.070908:2,88:70/85,/9490342300439054.4/078/0,9 3/4203954.070908:2,88:70/,439,..:2:,90/-43:80885,/9490
3423003.,804190/0,9419054.4/0747949054.4/0743902,9:79
3;08947880038:7,3.0-4914757490.943,3/,8,3,;03:01478,;38,3/
3;0892039
425:8478,;30&!
%,-030198:8
38:7,3.08572,7,8,57490.943574/:.9,3/349,33;0892039479,8,;3
574/:.9
%07254.08/434941107,3709:73
3;089478903/944;07.42295702:2
,3 4.0841107290/10-9
0!03843$.020
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 148/167
,:3.0/3,870:,90/-!# $,;0147,709702039.475:8
4397-:94382,/0-903/;/:,,702,3,0/-574108843,54791442,3,078
4:,7,390041709:738
%0232:23;08920398#8,243947#8,33:,934:550729433;0892039
,3,0/,..47/394903;08920392800.90/-90.4397-:947%0459438,;,,-0,70
06:9.70/978-0,73/0-93897:20398,3/4;073203980.:7908
3;08947.,33;0899003970.475:83473;089203938.,550/,9
:94.4.045943070900548:709406:9005870/:.3,890,04190.4397-:947
3.70,808
503,3!$,..4:39974:/03910/!439841!70803.0
%07!03843,..4:39%0,24:393;0890/.,3349-09/7,3-014709003/41909072
%07$,;38,..4:39%0,24:393;0890/.,3-09/7,3942009,313,3.,
.439303.08
!072,3039#09702039..4:39:2-07!#-0,4990/
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 149/167
0533;08947893,3.,!,333
,5907
3,3.,00/8,3/3,3.,4,8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 150/167
3,3.,00/8
3,3.,300/84..:7,9;,74:889,083430810942009104,8
3,3.,300/8.,3-0.,8810/,83;0892039300/8,3/57490.943300/8
,3939457490.9,1,283.4201742,3:314708003788,57490.943300/% 88
209-38:7,3.0
00/1471:3/8942009900503804390.4000/:.,943,./8,33;0892039300/% 88209974:8,;3,3/3;0892039
3,3.,4,8
3,3.,300/.,3-0/08.7-0/3907284190,24:394124309,92,-0706:70/941:1
90300/,3/90920039024304:/-0706:70/
8808820394113,3.,4,8-0389900892,90411:9:7005038081470;072089430
0;039
892,933,3.,4,8
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 151/167
:9:70;,:0414,8.,3-00892,90/-,80/43.:77039.489920944,,3/90
050.90/7,904131,943
%01472:,.,3-082510/,8'.:77039.4897,904131,943<)920(
&8090'1:3.9433$.0
,2509.4898#8, 945:9,./974:1472,.4000/:.,94394/,1,1,20894
0892,90,998.489-003907./48340,784/870,/147.400
0/:.,943,90,7841,0
),
,.:,93909,7097,9041709:73
3;08947,8/0130/90,24:39943;089,80,890;,:0411:9:704,
,250$:55480903;089473/.,9089,9,3,24:3941#8, ,8-0038,;0/,70,/147
984,,3/0089434,98907,90,9.984:/-03;0890/942009904,
892,90/1:9:70;,:03;0890/,24:39)3;08920394743
)
W &8090#%1:3.9433$.0
892,93903;0892039 24:39
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 152/167
,.:,9390,24:3994-03;0890/94/,
,25047,30892,90/05038041#8, ,19070,78903;08947.44808943;0893
,/;07810/06:95479144050.90/940,73,3,;07,0709:73415,%0,24:3994-0
3;0890/94/,.,3-0.425:90/,8
:9:70;,:0414,050.90/709:73)3;08920394743
),
&8090!'1:3.9433$.0
W 892,9390,24:39415074/.3;0892039
W 3890,/413;0893#8, 3,:258:2903;089472,.4480$!
W &8090!%1:3.9433$.0
W %0,24:3994-03;0890/94/,3$!
! % 7,9041709:733:2-07415074/8! ' -,3 '
! % ,# 8
3,3.,!,333,3/98-0.9;08
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 153/167
3,3.,!,333
#0;03905479144,3/70;8390,8809,4.,9431706:70/
0130,3/250203990,.9435,31472009313,3.,4,8
!745480/,8809,4.,943,8942,9.903;0894787857410
70,93,33;08920395,3,3/,8809,4.,943897,9094200913,3.,4,8
438/078904;07,89:,94341903;08947
-0.9;08413,3.,!,333
70,908,74,/2,5390728,9,894-0/43094,.0;0904,8
38:709,99013,3.,4,841903;08947,70209-9079.42-3,943418,;38,3/
3;0892039
%0.:77039,3/050.90/3.420,3/0503808,3/90,-9948,;0,3/3;089870;00/
47.0890294800.4,8,7070,89.,3/,92,,;094-054895430/24/10/47
0;03;03:5
00/1473,3.,!,33078
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 154/167
3,3.,5,33078,/;803;089478432,3,390713,3.088:.9,94,8,70
,.0;0/
/039190300/8,3/13,3.,89:,94341,33;08947
%7,38,9090300/839420,8:7,-013,3.,4,8
3,80 785741041903;08947
!,33;08920398849,990804,8.,3-0,.0;0/ $:089,557457,90,8809,4.,943
,;0,44/:3/0789,3/3413;0892039459438,;,,-0,3/9078:9,-9
479.0398439074;07,13,3.,89:,943,3/349:894304794,850.98
#0;00/5074/.,849,99.4393:0894-0700;,3994903;089478300/8,3/89:,943
$905833,3.,!,333
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 155/167
89,-890.03970,94385
8.079,390.0398300/8,3//0130990290713,3.,4,8
,907/,9,,-4:990.039813,3.,89,9:8 3,8090/,9,945705,70,.:77039
13,3.,54894389,902039
&3/0789,3/42:.41488.0398.,3989,3/,3/147,95074/
/:89.4.041574/:.98949077857010703.08
&3/0789,3/,3/05,3909,89:,9439490.0398
%79445928054899,709:73433;08920398
$:089,4.,94394,8809.,8808,3/850.1.8.0208
0.:90905,3-2,390850.10/3;08920398
#0;0,3/8:089.,3083,8809,4.,943
10.0 5574,.33,3.,!,333
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 156/167
4:3073;089478/43498003.42017423;08920398.,39,0,439072;0,3/
,703949,0788
/073;0894782,-0:33949,0788;03907290/3;08934743,3/
/0503/03.0433;08920393.420
/44/$9,0
0503/03.0435,703989420090503808
19870.0;0/2,-03;0890/147901:9:70
4:3 /:9$9,0
89,7941900,7335,80
3;0893306:92:89-0339889,0570107,-974:6:9$!8
1038:7,3.02,-030.088,79457490.93.4201742/8,-9473088
3/;/:,85,79,/0503/039
4:32,770/89,0
00/94574;/0147020703.08,3/57490.93.4201742/0,93:708474888
4:50,84397085438-994.70,90,3/,/07094-:/098,3/94.439740503808
00/147907238:7,3.08
10.0 5574,.33,3.,!,333
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 157/167
,770/9/703$9,0
070503808,3/08824308,;,,-01473;0892039
0,9,3/1038:7,3.0825479,39,857490.943300/8,70247025479,399,33;0892039
300/8,99889,0
$,;3147./70380/:.,943
,770/9/07/703$9,0
07,-9948,;0,3/3;089-0.,:803.4200;08,7007
3;0892039300/89,0570.0/03.04;0757490.943300/8
4.:843705,2039414,38,3/8,;3147709702039
!70709702039$9,0
$9,7980993,8/03.70,80/,24:3989457490.9907108905489709702039
!03843574/:.98,3/0,938:7,3.0,7057010770/.4.081473;089478
#09702039$9,0
3;089478,;094570/423,39;04119073;08920398
#06:70,90,897/41907,893.420
4.:8433.4200307,943,3/57490.90,91742900110.984131,943
0,9.0 5574,.943,3.,!,333
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 158/167
..:2:,943!,80
..:2:,90,3/8,;014790439072
4480749470390/3;08920398
,;0,4390723;08934743,3/.,3,4.,908,;389406:9
08,;3147./80/:.,943
%7,38943!,80
9/7,,411:3/8147842013,3.,4,80,..:2:,93147709702039
//0,0/3;089478
,;0-4906:9,3//0-939075479144,890,;0,20/:290724743
09/7,17428,;3894200990220/,900/:.,943050380841,./0,9908,20
9208,;3147709702039
897-:943!
,80 #0,5389,0
0503/433;08920393.420
#0970/3;089478
3.420470390/57010773/0-99406:9
39070307,943,0,9%7,38107,3/$://03
0,9$:70
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 159/167
39070307,943,0,9%7,38107
$9,0,9..03985,3945,88439070,994903090307,943479447,38,9438,3/
97:898
4.:843904,84190-0301.,708
01900,98-0397,3810770/94743:5./70390,88098.4:/-03;0890/3,
-,,3.0/.42-3,9434106:9,3//0-91:3/8
19070.50398,704:3900,9.4:/-03;0890/34390727491:3/8
/;.043.70,9397:898,3/8,3/5,333147907089,90
$://030,9$:70
3;08947050703.08,8://038:7030,91742:3050.90/14411:3/8
0499078://03,5570.,94338,7083079,3.0410,9
;,:,909,25.,9438
:3/884:/-03;0890/3478574/:.980,6:/1:3/98:.920,57450713,3.,
5,38/7,3
43070.0;0/:3050.90/84:/-03;0890/-,80/4313,3.,4,8,3/7857010703.0
3,3.,!,3331470,93;089478
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 160/167
3094793;089478
,;0,/06:,900,9949,0.,704195.,13,3.,4,88:.,80/:.,9434:8009.
4349300/4,-,80/13,3.,5,333-:9300/5,333942,3,09070,9
0,9.70,933;089478
3949,07883;0893306:9,3/78,88098
42147941,..:2:,90/0,9
3847990724883498074:825,790713,3.,548943
0,9570807;33;089478
0,93;0894782,349,,8-0789,306:93;089478
,:94:8,-4:9900,990,;0,..:2:,90/,3/14.:843570807;398;,:0
4480.43807;,9;03;089203988:./0-9,3/4;073203980.:7908
4.:84370:,73.4201742,..:2:,90/0,9
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 161/167
#0.42203/34/0!4791448,3/3,3.,!,38
,5907
4/0!4791448,3/#8!7413
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 162/167
4/0!479144
70,93,33;08920395479144,1907.438/073904,83;08920394743,3/
706:70/709:73
70,90/147,;03.42-3,9434178709:73,3/3;08934743
8.079,3907857010703.08413;089478:837857413
#8!7413
3308841903;0894794,88:2078,3/94-0,7905488-048839054791443
47/0794,8.079,3,557457,90,8809,4.,943
#8,550990831:03.0/-907507843,,3/13,3.,89:,943
#8!7413%448,70:80/940307,9078,5509908.47081473;089478
$:7;086:089433,708,3/5745709,778574139448
$.03,74,3,88
!,8989474190,.9:,97,38,.943841903;089478
#8 550990,3/ 8809 4.,943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 163/167
0 /073;0894782,,;040778
,5509909,34:3073;089478
..:2:,90/.,59,%00790,..:2:,90/.,59,
0789078,550990
$9,-9413.420 3/;/:,8970:,73.42 0903/
94,;0,0778,550990
4-80.:79 3 /; / :, 8 9 07 4- 80.: 79
2,-0394,88:200778
0503/0398 #8 ,5509 90 /0.70, 80 8 ,89 03:2-0741/0503/03983.70,808
,733202-078 #8,5509903.70,808,890
3:2-07410,733202-078
3.70,808
999:/0 3/;/:,8 3940507 20392,
,;0,0778,550990
8809,4.,943
0.843,-4:99057454794383.3;089203984:/-0/;/0/-09003,8809.,8808
8:.,806:9/0-9.,8,3/49078
24/0547914483/.,9;04190/0,,8809,4.,943-,80/433;089477857410,3/
4,8
$97,90.,3/%,.9., 8809 4.,943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 164/167
$97,90.
8809
4.,943
4.,9390,;,,-07084:7.08-09003,8809.,88089390,557457,9078,3/709:73
17,2047
4/054791448,30,250
8809,4.,9438/7;03.425090-8300/147709:73,3/7857410
%03;08947,3/9013,3.,5,3307,70094,/0709490897,90.,4.,94324894190920
470,250,33;08947/0873,709:73414;070,789,24/07,90,550990147
782,.448094,;04183;08920398306:9050.90/709:7341,3/
3/0-9050.90/709:7341
%,.9., 8809 4.,943
.9;02,3,02039419057454794383;,74:8,8809.,8808-,80/4390050.9,9434190
5071472,3.041/1107039,8809.,8808
%4/0103/905479144470,73,//943,709:738
470,250190,/;847050.989006:92,709894.4770.9,3/02,9,.9.,
70/:.390,4.,9439406:9,3/3.70,8390,4.,94394/0-9
W ,770/4:9-1:3/2,3,07805079,/;8478,3/050703.0/3;089478
0/,3/0-0 8809 4.,943
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 165/167
0/ 8809 4.,943
4480,897,90.,8809,4.,943,3//0./09470-,,3.05074/.,94908,207,94
!479144,8,3,4.,94341306:9,3/3/0-9,3/9,906:92,7098,70/43
0
',:04106:95479144408:594
3;08947805,79419006:94/38,3/-739/439441905479144;,:0,3/
3;0893/0-9,3/70894709057454794394
0-0 8809 4.,943
4480,3,8809,4.,943,3/09924;0,439902,70994:970-,,3.3
106:9/4080,3/90,4.,9433.70,80890,49947:394:970-,,3.394,
10/7,94
#0;843,3/#0-,,3.3
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 166/167
4/054791448,703/.,9;0
8809,4.,94382,,;094-070;80/,3/70-,,3.0/-,80/433;08947300/8
174292094920
#0;0415071472,3.041908:0890/,8809,4.,943
,30833;0894757010703.08,3/300/8
,2508 !745479439406:9147,33;089472,.,30,8024;08,,1742,..:2:,9435,80
39497,389435,80
4.,943947807,8809870/:.08,81089,0.,30817424:3,/:9942,770/9
./70389,0
4.,943943.420470390/,880983.70,808,703;08947,5574,.08709702039
70970/3;089474807097020393.420809,03.,7041,3/8443940307,90,
.475:8147,7,3/./2,-03949,0,70,9070548:709406:9,80,08
8/7/2019 NISM Kotak
http://slidepdf.com/reader/full/nism-kotak 167/167