(i) Venture Fund Institutions: Venture capital financing is a form of equity financing designed especially for funding new and innovative project ideas. Venture capital funds bring into force the hi-technology projects which are converted into commercial production.
(ii) Mutual Funds: Financial institutions that provide facilities for channeling savings of small investors into avenues of productive investments are called ‘Mutual Funds’.
(iii) Factoring Institutions: “Factoring” is an arrangement whereby a financial institution provides financial accommodation on the basis of assignment/sale of account receivables.
(iv) Over the Counter Exchange of India (OTCEI): The OTCEI was set up by a premier financial institution to allow the trading of securities across the electronic counters throughout the country.
(v) National Stock Exchange of India Limited (NSEI): NSEI was established in 1992 to function as a model stock exchange. The Exchange aims at providing the advantage of nation-wide electronic screen based “scripless” and “floorless” trading system in securities.
(vi) National Clearance and Depository System (NCDS): Under the scripless trading system, settlement of transactions relating to securities takes place through a book entry.
(vii) National Securities Depositories Limited: The NSDL was set up in the year 1996 for achieving a time bound dematerialization as well as rematerialization of shares.
(viii) Stock Holding Corporation of India Limited (SHCIL): Stock Holding Corporation of India Limited (SHCIL) aims at serving as a central securities depository in respect of transactions on stock exchanges. The Corporation also takes up the administration of clearing functions at a national level.
