What is NAV? What NAV will I get if I invest today?
Every Mutual Fund Scheme option has a NAV,
which indicates the price of a single unit. Mutual funds are allotted in units.
When you invest 10000 and per unit NAV is 10, you will get 1000 units. This is
for ease of buying and selling and understanding growth, so if NAV changes to
11 now, your 1000 units are now worth 11000.
All redemption orders placed on the business days prior to 3pm will get the same day’s NAV and any redemption order placed after or at 3pm will get the next business day’s NAV.
Any investments or redemption made on Non Business Days will be processed on the next business day at 9:30 am in the morning
Note: The NAV reflecting on the screen is the closing value of the previous business day and while redeeming the actual amount may vary based on actual NAV.
What is First order today?
First Order Today SIP allows customers to pay for the first installment on the day of placing the SIP Order. If a customer selects 120 installments the first installment will be debited on the day that the order is processed and the next installment ...
I bought shares in delivery on margin will it get Square off after T+6? Can I get an extension?
You may need to activate Margin Funding facility. 1) If it’s activated - It will not square off till T+90 days. The interest will be charged @ 0.06% per day on overall net debit balance. The interest will be debited on weekly basis. The GST will be ...
Will I get margin benefit immediately after I sell my stock?
You may get the benefit of shares sold on T-day (i.e. instantly on the same day of trading) under the following circumstances. Shares lying in Client Unpaid Securities Account (CUSA). This normally happens if you sell shares which are purchased in ...
Will I get 100% margin benefit upon sell?
No, If you sell stocks, we will release 80% margin under presumption that we will be able to deliver these shares to exchange in early pay-in.
Do I get dividends on fractional shares?
Yes, you get dividends on fractional shares. Please note: If the dividend amount is less than a cent then you are not eligible for the same. Also, please note that the companies declaring the dividend have their own terms and conditions as well for ...