Investments in todays capital markets is not something which can always fructify, based on mere guesses. It requires thorough scientific research and analysis to make something out of it. Investment analysts are those who carry out the very same job and help fund managers manage their investments. They can work as stock broking analysts or as institutional analysts. The expertise and experience, though it varies from individual to individual, in the subject of capital markets makes them suitable to handle high value investment decisions of merchant banks, insurance and pension funds and other financial institutions. With diversification of financial sector into vast and complex fields, investment analysts usually specialize in a particular field so that they can give their best.

The work of investment analysts include studying the companies financial reports, assess various statistical information, estimate demand and supply factors, profitability projections, compare financial results, visit the organisaton, meet the management, survey the industry as a whole and on the basis of the available information, finally conclude to a decision.

Equity Analysis
Investment markets all over the world are witnessing major changes. Indian markets are no exception. The amount of professionalism and complexity of financial markets has led to the adoption of most advanced techniques and approach while dealing in securities. Increasing presence of both domestic and foreign players in the indian markets have further added to the demand for having a more systematic approach. Therefore arose the need for professionals who can specialize in the fields of capital markets. Equity analyst is one such specialist who does research and helps in systematic and better financial investments. Given the prevailing market conditions, equity analysts are in for favourable times ahead. There work is quite similar to that of investment analysts. The job mainly involves research activities apart from analysing financial performance, making profit projections, conducting interviews with the executives of c! ompanies, making field visits and market research, etc.

What are the services offered by stock brokers?
Stock brokers offer services such as buying and selling on behalf of investors. They also provide advisory services. If stock brokers are also registered as a portfolio manager, they can offer PMS services. Some of the bigger brokers also publish their own research reports which are available at a cost for investors.

What to do in case of a dispute?
If there is a dispute between you and your stock broker, bring the facts of the case immediately to the notice of stock broker. Follow it up with written complaints if the same is not resolved within reasonable time. If still nothing is done, write to the investor grievance cell of the stock exchange of which he is the member with all the facts of the case and necessary documents. Follow it up. You can also write to SEBI if your complaint is not resolved. It is possible for you to write your complaints online. You may get the relevant details from the websites of stock exchanges (www.nseindia.com, www.bseindia.com and of SEBI which is www.sebi.gov.in).