Month: March 2013

NRI trading account

NRI trading account can be opened by NRI’s for buying and selling shares and convertible debentures of Indian Companies. Same procedure is applicable for PIO (Persons of Indian Origin) and OCI (Overseas Citizen of India).  Shares and convertible debentures can be bought only on recognized stock exchange in India.  Other securities that can be bought …

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nse bse indices calculation

nse bse indices are calculated using Free -Float market capitalization method.  NSE’s (National Stock Exchange) index is called NIFTY. Nifty is composition of 50 stocks traded on NSE based on free float market capitalization.  Similarly BSE’s (Bombay Stock Exchange) index is called SENSEX which consists of top 30 stocks traded on BSE. The purpose of …

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fixed maturity plans double indexation benefit

fixed maturity plans double indexation benefit fixed maturity plans double indexation benefit can be availed by investors if they hold their debt mutual fund investments spreading two financial years. The fixed maturity plans double indexation benefit is applicable only if investments are held for more than one year and eligible for Long Term Capital Gains (LTCG …

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nse fo daily margin file

nse fo daily margin file NSE fo (F&O or Futures and Options) daily margin file (or) NSE derivatives margins file is applicable to all open positions in futures and options segments.  In future contracts margins (Which Include both SPAN and additional margins) are applicable on both long and short positions.  In options contracts margins are applicable …

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Demat account opening for minor

Demat account opening for minor Demat account opening for minor can be done in any of the two depositories in India.  Demat (de materialization) is a process to convert securities held in physical form to electronic form.  In India two depositories namely NSDL and CDSL offers depository services through SEBI registered depository participants.  A minor can …

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