Axis Securities and Sales Interview Questions, Process, and Tips

Q1. What is demat account? Difference between demat and trading account?
Ans. 
A demat account is an account that holds securities in electronic form. It is different from a trading account which is used for buying and selling securities.
• Demat account holds securities in electronic form, eliminating the need for physical certificates.

• Trading account is used for buying and selling securities in the stock market.

• Demat account is like a bank account where securities are held, while trading account i...read more
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Q2. What is a stock market?how many exchanges are there?
Ans. 
A stock market is a platform where securities like stocks, bonds, and commodities are bought and sold.
• Stock markets provide a way for companies to raise capital by selling shares of ownership to investors.

• There are multiple stock exchanges around the world, such as the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange, and Tokyo Stock Exchange.

• Investors can buy and sell stocks through brokers on these excha...read more
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Q1. What is a demat account? Difference between demat account n savings account? What is ipo? why companies declare ipo?
Ans. 
A demat account is an account that holds securities in electronic form. It is different from a savings account as it holds shares, bonds, and other securities instead of cash.
• Demat account holds securities like shares, bonds, and mutual funds in electronic form.

• Savings account holds cash deposits.

• Demat account facilitates easy trading and investing in securities.

• IPO stands for Initial Public Offering, where a company o...read more
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Q2. What is equity n debt? What happens in share market? How many exchanges are there?
Ans. 
Equity and debt are types of investments in the share market. There are multiple exchanges where these investments are traded.
• Equity represents ownership in a company, while debt represents a loan to a company.

• In the share market, investors buy and sell equity and debt securities to make a profit.

• Some examples of exchanges where these investments are traded include NYSE, NASDAQ, and BSE.
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Q1. What is the formula of Sharpe ratio
Ans. 
The Sharpe ratio is a measure of risk-adjusted return, calculated by subtracting the risk-free rate from the return of the investment and dividing by the standard deviation of the investment's returns.
• Formula: (Return of investment - Risk-free rate) / Standard deviation of investment's returns

• The Sharpe ratio helps investors understand the return of an investment compared to its risk

• A higher Sharpe ratio indicates bett...read more
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Q2. Walk me through your resume. Typical
Ans. 
Experienced quantitative strategist with a strong background in financial modeling and data analysis.
• Started career as a financial analyst at XYZ Company

• Developed quantitative models to optimize trading strategies

• Led a team of analysts to conduct market research and identify investment opportunities

• Implemented machine learning algorithms to improve forecasting accuracy
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Makes yo question the morality of th e hiring manager.The head of quant research has posted about this on his LinkedIn page and I connected with him directly. In the first round of interview, which went well I was asked to submit an assignment - a portfolio model, I needed a make sure that the return metrics wer good, above the thresholds given by him. I worked very hard and after roughly two weeks. I presented everything in my 2nd interview. I was asked if I could share my codes, but I denied to share deep details. I however shared my final framework code, my work flow on a ppt and an excel sheet. I was then given a soft idea that things good look good for my candidature. However, I just needed to write a report, to show my writing skills. I have 10 years of experience, but I still did this last task. I did not hear back and no HR, TA person has contacted me from the beginning. When I followed up, I was told it's internally being discussed, and after a point..no reply. It's been more than two months.

Q1. Introduce yourself and give a brief about your experience
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Q2. Give family background and past experience details
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Q1. What is ICFR/SOX testing
Ans. 
ICFR/SOX testing refers to the evaluation of internal controls over financial reporting to ensure compliance with the Sarbanes-Oxley Act.
• ICFR stands for Internal Control over Financial Reporting

• SOX refers to the Sarbanes-Oxley Act

• ICFR/SOX testing involves assessing the effectiveness of internal controls to prevent financial misstatements

• Testing may include walkthroughs, inquiries, and testing of controls

• Results of test...read more
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Q2. What do you think Internal Audit means
Ans. 
Internal Audit involves evaluating and improving the effectiveness of risk management, control, and governance processes within an organization.
• Evaluating the adequacy and effectiveness of internal controls

• Identifying areas of potential risk and recommending improvements

• Ensuring compliance with laws, regulations, and company policies

• Providing assurance to management and stakeholders

• Helping to improve operational effici
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Q1. What are your strengths
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Q2. How do you deal with Chaotic work environment
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Q1. What is axis securities
Ans. 
Axis Securities is a subsidiary of Axis Bank, offering a wide range of financial services including stock broking, mutual funds, and more.
• Subsidiary of Axis Bank

• Offers financial services like stock broking and mutual funds

• Provides investment solutions to customers
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Q2. What is Dmat account
Ans. 
A Demat account is an account that holds shares and securities in electronic form.
• Demat stands for dematerialized account

• It is used to trade and invest in the stock market electronically

• It eliminates the need for physical share certificates

• Investors can buy, sell, and hold securities in a Demat account

• It is similar to a bank account but holds securities instead of cash
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