Stock Basket - Terms and Conditions

  • As per the schedule I commercial terms- the client has to pay the total fees incurred on the provided rates.
  • The Basket profits or returns would include any dividends, benefits received out of corporate actions.
  • All the costs, fees, charges as per schedule I and expenses of whatsoever nature incurred by us in connection with the acquisition, holding, sale and transfer, in respect of the dematerialized state charges of the Depository Participant, in respect of Securities shall be paid by the Client.
  • It is important for the investor to open a separate depository participant account for the for Stock basket investment. No Demat charges will be applicable on another Demat account.
  • Investor- new and existing ones are allowed to operate 2 Demat accounts- one to manage stock basket and another account to manage personal investments.
  • ACMIIL will invest your money to the price close to the basket amount. Any surplus left during the investment course, based on the investor's choice- either the surplus amount will be invested in another investment product or return to the investor.
  • The stocks in the basket will be as per the discretion of the ACMIIL. We would review these stocks from time to time, and the rebalancing would be done (if any), of the stocks in the basket, which will be at the discretion of ACMIIL.
  • You are free to exit basket wise or exit from all basket at any point of time. No investor can selectively exit from certain stocks or add any particular stock in the stock basket.
  • Concerning the bank mandate, we will need 20% more mandate of the entire basket amount. This is because of the fluctuations in the stock price. Please note bank mandate is compulsory in Stock Basket.
  • The client agrees that in case of any dispute, the claim and/or disputes will be referred to arbitration as per the Rules, Bye-laws and Regulations of the Stock Exchange where the trade is executed and the circulars/notices issued there under as may be in force from time to time.
  • I have understood that Investment in securities market is subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future performance and future results.
  • 1I have understood the stock basket fees terms and other financial conditions and the clarifications required by me. I understand that the investment in Equity basket is subject to risk associated with equity investments. I have understood the investment process and other aspects of the product.
  • I hereby agree to participate.

Commercial Terms

Schedule I

Fees Structure
Heads Fees
Power of Attorney Franking Charges INR 100
Account Opening Charges INR 100*
Buy Brokerage NIL
Basket Maintenance Charge
Approx Basket Value: 15000 (INR 100 per basket charged quarterly on rolling basis in advance). Total 400 per year per basket.)
Approx Basket Value: 10000 (INR 60 per basket charged quarterly on rolling basis in advance). Total 240 per year per basket.)
Approx Basket Value: 5000 (INR 30 per basket charged quarterly on rolling basis in advance). Total 120 per year per basket.)
DP Sell- Charges INR 15 per ISIN
Sell Brokerage 0.3% on transaction value
Note: Second Demat AMC is Free. Government tax and other agencies transaction charges are applicable. Fees are not refundable. Bank Mandate is compulsory.
*Note: Account Opening Charges is for New Clients only

Stock Basket Fees Structure for Create your Own Basket

Heads Fees
Power of Attorney Franking Charges INR 100
Basket Creation Charges (Per Basket) INR 100
Account Opening Charges INR 100*
Order Execution Charges ( Buy & Sell) 0.3% on Transaction Value
DP sell charges INR 15 per ISIN
Note: Second Demat AMC is Free. Government tax and other agencies transaction charges are applicable. Fees are not refundable. Bank Mandate is compulsory.

*Note: Account Opening Charges is for New Clients only.

Quick Access