Shavy Bhardwaj
Fairwealth Securities Pvt Ltd.
My summer internship was at
FairWealth Securities Ltd, Gurgaon which
is a Broking arm of the Fairwealth Group and offers Personalized Broking services to its Institutional, Corporate
and Individual clients. It was a
valuable experience working in the risk management department of a Broking firm
as I got to know how risk is managed in a company which has its operations
revolving around the volatile stock market hence accompanying a lot of risk. I
worked on the project “Risk Management in a stock Broking Firm”. I also had the
opportunity to work in the accounts department where I had to manage the pay-in
and pay-out of the clients.
Fairwealth also has its business in Commodity Broking, Real Estate, Insurance Broking, Financial Services and Tours and Travels. I was lucky enough to have two mentors, who were always ready to
provide a helping hand and motivated me and I got a lot to learn from them. I
worked with my mentor on a project of Fairwealth Housing Pvt Ltd in which we
had to project the financials of the ongoing housing project in Bhiwadi. I also
worked with the CRM department of Fairwealth Housing in which I had to check
the records and requirements of various customers and accordingly service them.
I also had an exposure to the legal and compliance department which was under the
company secretary and I could even sit with her sometimes and gain knowledge
from her. I also got to learn about how the KYC (Account opening) section of
the company works to open the Demat and Trading accounts of the clients.
All
the employees were so obliging and always available to answer my
queries. So, being at the head office I could explore all the departments and
interact with the employees and this helped me comprehend the basic operations of
a Stock Broking company and provided me much practical exposure.
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