gt smart money nj tada online investment guide
TRANSCRIPT
Benefits of NJ Trading & Demat AC
One time documentation
No Need to Maintain KYC / Pan records of each client.
No Need to fill up Bank Mandate every time along with SIP application.
For any modification to be done only in single application required.
Benefits of NJ Trading & Demat AC
Multiple mode of transaction.All Transaction can be registered in any mode of transaction
Call N Transact Online Through Net banking
Offline - Using single application & cheque
Benefits of NJ Trading & Demat AC
Mutual Funds
Capital Market & ETF
Bouquet of products
Smarter way of building Liquid AUM @ low operational cost
Benefits of NJ Trading & Demat AC
All types of Transactions possible.
In mutual FundsSIPPurchaseRedemptionInter AMC Switch & STP
In Capital MarketBuy / SellEquity SIPEFT SIP
Benefits of NJ Trading & Demat AC
Multiple options of payment remittance for Lumsum purchase using online mode.
Any Bank offering Visa Debit Card can remit the money online.
6 Largest Bank for payment remittance through net banking.
Benefits of NJ Trading & Demat AC
ECS Facility for all banks subject to ECS location.
Payment collection through ECS & Auto debit Facility for SIP for Online, on call &
offline.
8 Banks through Auto Debit for SIP.
ICICI , HDFC , AXIS , SBI , BOB , UBI , IDBI & CITI BANK
Benefits of NJ Trading & Demat ACBenefits of NJ Trading & Demat AC
Saves operational t ime & effortsConsolidated Application for multiple
schemes.
No more multiple application for advising different schemes.
Saves lot of travlling time & cost
High accuracy ratio hence minimum queries.
Time saved can be utilised for business generation activities resulted in to high revenue.
Benefits of NJ Trading & Demat AC
Safe & Secured online Transaction
High Quality services with Lowest possible cost.- Instant alerts on all transaction done.- call N transact facility as never before.- periodical statements
Benefits of NJ Trading & Demat AC
Ease of charging Fees from clients
Expand your reach beyond the geographical barrier.
Benefits of NJ Trading & Demat AC
Simple an uncomplicated process to transfer units to nominee.
Open trading & demat ac in the name of nominee.
Provide the death certificate
Fill up transmission form.
with in couple of day all holing units will be transfered to nominee's account.
Note :- Above mentioned process is applicable assuming nominee is registered.
Benefits of NJ Trading & Demat AC
Centralized Customer Care (18002000155) For Clients
Current Mutual Fund holding Can be Converted in demat.
Purchase
Redemption
SIP transactions offered on stock Exchange.
Exchange Transactions – Mutual Fund
Note :-Switch & STP will be available soon
Lumsum Purchase transactions,
Banks Account required for remitting the money online are
– HDFC, ICICI, AXIS
– Yes Bank, IDBI, SBI
Amount debited from bank account will include investment + brokerage amount
POA is Mandatory to avail this facility.
Cutoff time for same day NAV is 2:00 pm.
Instant email notification.
SMS alerts on each debit & credit.
Mode's of Exchange Transactions - Online
Important note:Payment can only be done from the bank, which is registered with your Trading
Account. If multiple transaction are added, a single payment will be made after consolidating all
the amount. Total Amount will be Investment Amount + Brokerage charges.
Mode's of Exchange Transactions - Online
Lumsum Purchase transactions,
All Bank Account cheques accepted.
Cheque Amount would be Transaction Amount + Brokerage Amount
Cheque amount below 1 lac, same day NAV applicable.
Cheque amount above 1 lac, NAV of Cheque realization.
Cutoff time for same day NAV is as per branch.
Mode's of Exchange Transactions -Offl ine
Registration of Bank Mandate is compulsory.
SIP's of multiple AMCs / Schemes can be registered.
For ECS Location – All Banks eligible for SIP registration.
For Non ECS Centers Auto Debit facility available for below banks
(Axis, CITI, ICICI , IDBI & UBI,SBI,HDFC ,IDBI, BOB)
On Stock Exchange SIP can be registered in all mode of
transaction.
Online , Offline , On call
First installment Cheque is not required.
SIP will be registered in 10 working days
SIP on Exchange
Switch through TA-DA
Switch Important Points:
Inter AMC transaction switch available
NJ is offering the Transaction platform.
Two separate transactions (Redemption & Purchase respectively) shall be executed for single switch
transaction submitted by client – Whether switch made in same AMC or inter AMC
Customer enters Switch-In amount or gives “All units” switch
Scheme investment criteria of purchase & redemption shall be applicable
Brokerage shall be levied only on Switch in Transaction (Purchase)
No brokerage shall be levied on switch-out (redemption).
If switch out is rejected switch in transaction will also be rejected.
If switch in transaction is rejected the switch out amount will be credited to client's registered bank
account.
There are 2 options for Switch transaction execution i.e.
– T day
– Fund realization
Modes available for Switch at NJ
Switch through Multiple Modes
Switch can be made using any of the modes as convenient by the customer
All modes available for switch Transactions
Online Physical(selected centers only)
Through Call
Switch through TA-DA
T day - Important Points
Both Switch-Out & Switch-In transactions are executed on same day
Maximum switch in transaction limit shall be Rs 1,99,999.
A nominal transaction charges will be levied for T-day execution type.
Charge Structure as below:
Transaction charges & Brokerage will be collected from the redemption amount.
Switch through TA-DA
Fund Realisation - Important Points
Switch-In transaction will be executed on receipt of Switch-out redemption amount.
No fund limit on Fund realization option
No transaction charge applicable on the said option.
If Switch In transaction (Purchase) gets rejected by Exchange, the Switch out Amount shall be refunded
to the client.
Brokerage if any will be deducted from the received switch out amount, the switch-in amount as
mentioned by client will be then executed & the balance amount will be maintained in client running
account & refunded.
STP through TA-DA
Key Features STP through TA-DA
Inter AMC STP available for MF on exchange platform
Monthly frequency available with STP dates of 5,12 & 20
Only Fund Realization option available for STP registration
Minimum gap of 10 days between STP registration & first installment date.
There will be two option to register the STP
– Till balance available(Funds)
– Number of Installments.
Depending upon scheme type the Switch-out transaction will be triggered in
advance.
Scheme investment criteria of purchase & redemption has to be full field for
each STP installment, else the particular installment will not be generated.
STP can be registered through all the modes available.
Difference between Cash & Mutual Fund SegmentDifference between Cash & Mutual Fund Segment
Cash Segment:
Buyers & Sellers are available.
Trade takes place real-time & price
fluctuates every second.
Settlement of shares & funds is done on
T+2 day by 10:30 am.
There is a concept of Running account
in Cash Segment
Fund payment & Transaction
processing are independent activities
Settlement of funds & shares is done on
Net basis.
Shares allotment is not garunteed.
Mutual Fund Segment:
One party from Seller / Buyer shall always be AMC
Only order is placed on Exchange before cutoff,
while price is released EOD called NAV (Net Asset
Value)
Settlement of Fund is done T+1 day by member to
exchange and Settlement of Units is done on T+2
day
No concept of Running account in Mutual Fund
Segment
Fund payment & Transaction processing are
connected activities ie fund is collected at the time
of transaction itself.
Settlement of funds & units is done on gross-basis.
Unit allotment is garunteed.
Below mentioned are NJ policy for clients transacting in Capital Market Segment :
Exposure of 1x (time) on the available Margin
Selling of security from the available Holding
Intraday buy / sell will be allowed, but intraday short sell will not be allowed.
Securities bought on T day, will be available for selling on T+3 day after delivery is
received from Exchange.
Fund transferred through NOW online can be used for trading realtime.
Fund transferred (before 6 pm) through NJ online website shall be updated on T+1
day.
NJ Policy for Transaction -
NJ Policy for Transaction - Collateral Margin
Collateral Margin
The cash margin given to buy new securities against the existing securities held in the
demat AC.
NJ will be offering a collateral Margin only against liquid Bees (Liquid ETF)
Benefit of offering collateral margin is client will earn the interest on the holding of liquid
ETF
Margin given will be equivellent to the value of securities available in demat account.
No other securities apart from liquid bees will be allowed in collateral Margin.
NJ Offering
Transaction facility through below modes :
Online through NOW platform (www.nowonline.in)
Call & Transact (call on 0261 3987500)
Fund transfer request through below modes :
NOW online platform
Trading Account online platform
Call & Transact
Reports related to transactions on Client / Partner / DDSD / Online trading desk
SIP in Stocks / ETF (coming soon..)
Transaction flow (Exchange) - Buy
Member updates margin on Terminal (NOW)
Client transfer Margin (fund) from registered a/c to Member
Client places order from Terminal Using online or CNT facility
Client margin equivalent to the buy order will be reduced on Terminal
After market hours, exchange provides trade file where all order
details are provided (T day)
On T+1 day fresh margin (fund) limit is uploaded on Termincal
Member uploads the security (Holding) of client on Terminal for
selling on T+3 day
Securities are received from exchange to Member on T+2 day
Member transfers security to client account on T+2 day
Fund Transfer Process Flow -
Banks available for Now online -
Currently HDFC / ICICI / AXIS / KOTAK bank client can transfer fund using NOW payment gateway from www.nowonline.in
Online Trading Accont – New utility called Capital Market will be available for fund
transfer for Capital Market transactions. Fund can be transferred through 2 options viz:
Net-banking (HDFC / ICICI / AXIS / SBI / IDBI / YES)
Debit Card (Any bank registered Visa Debit card)
Call & Transact -
Client with registered Bank mandate of HDFC / ICICI / AXIS can avail this facility
Client have to call on - 0261 3987500 & give the fund transfer request before 3:30 pm.
Fund transfer limit upto the Mandate limit specified.
Margin update
Limit update TAT Cut off Remarks
Real time - -
T+1 3:30 pm Any amountCall & Trade T+1 3:30 pm Any amount
Same Day (>2 lacs) 3:00 pm
Call & Trade Same Day (>2 lacs) 3:00 pm
Online (NOW)
Online (NJ)
Online (NJ)On receiving customer
requestOn receiving customer
request
Fund withdrawal
NA NA3:30 pm T+1
Call & Trade 3:30 pm T+1
Client cut-off to submit request
Processing TAT of NJ
Online (NOW)
Online (NJ)
Margin & Fund Withdrawal TAT
Client Registration for Trading & Demat
Case
1
NJ
2
NJ
3 Not required Not required Not required Not required Bank Proof Not required
Client Category
Current status with
KRA
Procedure for KYC
In Person Verification
Requirement
Partner category
In Person Verification
By
KYC Processing
By
Documentation required
Additional requirement
KYC Non Complaint
(New Client)
Not Available
Fresh KYC application to be submitted
Mandatory as per the SEBI regulations
If Registered Authorized
Person (AP) with NJ
IPV Can be carried out by
AP
PAN Card Copy, Address Proof &
Bank Proof
No additional Requirement
Not Registered as an Authorized Person (AP)
Can be carried out as
KYD Compliant
ARN Holder
Reliance AMC
Zero folio application &
easy invest form of Reliance with
Cancelled Cheque
Old MF KYC Complaint
MF- Verified by CVL MF
Change KYC Application to be submitted
Mandatory as per the SEBI regulations
If Registered Authorized
Person (AP) with NJ
Can be carried out by
APPAN Card Copy,
Bank Proof
No additional Requirement
If not Registered as an Authorized Person (AP)
Can be carried out by
KYD Compliant
ARN Holder
Respective AMC of existing
investment
Account statement of
respective AMC
KRA KYC Compliant
Client (After 1st Jan 2012)
Verified By CVL KRA
No KYC procedure required