For private circulation only

May 20, 2019

The overall performance of Sharekhan dipped in April 2019 compared with the previous month. However, there were some positive developments in various pockets that saved the month. In the broking business, the customer base crossed 1.9 million customers, exchange margin funding touched Rs150 crore and new client activity showed an improvement despite a decline in new client additions. In mutual fund distribution, our industry ranking in “Assets under management” and the number of systematic investment plans (SIPs) improved to 43 and 12 from 45 and 16 in the previous month respectively. The Loan Against Securities (LAS) book too showed a growth despite no significant change in the number of disbursements. Having said that, we are visibly behind our targets and need to go the extra mile to meet them in the remaining months of the year.

Over 5,000 customers have registered for commodity broking since we relaunched commodity trading facility on our platforms. On an average 500 customers are trading in commodity derivatives daily and the daily volumes have already crossed Rs100 crore. The Sharekhan Comtrade team, which is helping Sharekhan relaunch commodities, is training the front-end staff of the company in all aspects of the new business and I am confident that soon we will surpass our targets for the year. The relaunch of commodities couldn’t have been successful without the support of Sharekhan Comtrade and I will take this opportunity to congratulate all the staff of the company for winning the “Best Retail Commodity Broking House” award for the second year in a row at the MCX Awards.