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Investment Basket FAQs

1. As a stock basket investor, why do you need to have a second/ additional Demat account?

An investor cannot sell individual stocks from the basket. An investor can exit from the entire stock basket/s anytime but they are not allowed to exit from the selected stock/s from the basket. To remain invested in the stock basket and to ensure more efficient management and differentiation of stocks in which the investor has invested on his own and the investment that he has made in the stock basket, the investor needs to open a separate Demat account for the stock basket investment.

2. Is there a minimum lock in period for holding a basket?

No. However the shares are selected based on long term duration i.e. at least 3 years. So it is advisable to stay invested for a period of 3-5 years

3. Will there be any additional Demat account charges?

No charges will be applicable on another Demat account. Investor- new and existing ones can operate 2 Demat accounts- one account to manage their investments and another to manage stock basket investment.

4. Does an investor have a right to decide which stock should be in the basket?

The stocks in the basket will be as per the discretion of the ACMIIL. Our team of equity experts would review these stocks from time to time. If one stock is not performing well, our team may replace it with a stock which in our team’s view is one of the best performing securities in the market. This again will be at the discretion of ACMIIL. But the investor has the option to create a basket of his own.

5. What is a bank mandate?

In a bank mandate, a third party will be authorized to debit a specific sum from your bank account during regular intervals. By submitting a mandate form, you authorize your bank to conduct an auto-debit transaction. In this transaction, the specified amount is drawn from your savings account on predetermined dates. The drawn amount is then invested by way of SIPs in the stock basket you want to invest in. This will be the case if the investor chooses the SIP way to invest in the stock basket. Hence, bank mandates facilitate investments in the most hassle-free, paperless, and convenient manner. Concerning the bank mandate, we will need 20% more mandate for the entire basket amount. This is because of the fluctuations in the stock price. Please note it is compulsory to have a bank mandate for Stock Basket investment

6. What is Stock Basket SIP?

Stock Basket Systematic Investment Plan (SIP) is a method of investing in any basket, wherein an investor invests a fixed amount of his choice at regular intervals. It is advisable to start an SIP so that there is regular saving habit and you can also average the price by buying during different points of time in the market.

7. How frequently will Stock Baskets be replaced?

Stocks are not frequently replaced, but they are frequently monitored. Stocks are replaced if a company is not performing on anticipated growth plan expected during the time of investment.

8. Do I get dividends of the companies in my stock basket directly transferred to my bank account?

Yes. As the shares purchased using the Stock Basket App will be in your DEMAT account, you will receive all the dividends directly in your linked bank account.

Other corporate actions such as Bonuses, Splits will also be adjusted automatically in your DEMAT account. The Basket profits or returns would include any dividends, benefits received out of corporate actions.

IBasket

I hereby give my consent to the Fees and T&C listed and wish to continue investing in iBasket.

Enter OTP Sent To Your Registered Mobile Number XXXXXXXX Or Email.

IBasket

Important Update About iBasket!

We've tweaked the values of our baskets. This means your next SIP payments will be based on these changes.To give your consent, just pick one of these options from the Action dropdown:
1)Update SIP with higher amount.
2)Update installment interval with higher amount.
3)Choose other basket suits your risk profile.
4)Cancel SIP.
Simply select the option that suits you best, and we'll take care of the rest!

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Registrations

SEBI Reg. Nos | Stock broking: INZ000186336 BSE CM/Derivatives/CD, NSE CM/Derivatives/CD | DP: IN-DP-685-2022 | PMS: INP 000005801 | Research Analyst: INH000016940.

AMFI Registered Mutual Fund Distributor

AMFI Registration Number: ARN-3086. Current Validity of ARN - 20 / Mar / 2028


ARN 3086 (Date of initial registration: 30th March 2003 & Current Validity: upto 20th March 2028), PFRDA POP 21092018.


Attention Investors

All investors are requested to note that 6 Kyc attributes, i.e. Name, PAN, Address, Mobile number E-mail Id and Income range have been made mandatory. The last date to update KYC details is March 31, 2022 failing which Exchanges will block the non-compliant trading accounts for trading and depositories will freeze the non-compliant demat accounts for debits. For details, refer Advisory for mandatory attributes.
All account holders are requested to please submit a self-attested copy of their Aadhaar card for updating of records.
KYC is a one-time exercise while dealing in securities market. Once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account.
Filing complaints on SCORES - Easy & quick - (a) Register on SCORES portal, (b) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID, (c) Benefits: Effective communication, Speedy redressal of the grievances.
Investor are requested to please note that the Exchanges have informed that with effect from April 1, 2022, PANs not seeded with Aadhar will be considered as invalid for the purposes of trading in securities market.
Hence, you are requested to ensure that your Aadhar is linked with PAN through https://www.incometax.gov.in >> Link Aadhar well before the due date, in order to avoid any inconvenience to you.

Disclaimer

Investments in the securities market are subject to market risk; read all the related documents carefully before investing.

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchanges' Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, , NSE/INSP/45534 dated August 31, 2020 and BSE notice numbers 2020731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

.......... Issued in the interest of Investors.

Copyrights 2022 © Asit C Mehta Investment Interrmediates Ltd.(ISO 9001:2015 certified company)

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