Reliance Nippon Life Asset Management Ltd
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
Introduction: Reliance Nippon Life Asset Management Ltd is a asset management company controlled from Mumbai. Reliance Nippon holds around 11% of the mutual fund offering in India. The healthy margins have made it one of the best profitable companies in India. Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes
Date of Establishment: Company was formed in the year 1995.
Product & Service Offering: Reliance nippon manages
1. Mutual funds (including ETFs);
2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and
3. Offshore funds and advisory mandates.
Customer Segment: The company manages its retail customers through its network of 170+ branches and 58,000 distributors
Promoters of Reliance Nippon:
1. Reliance Capital Limited; and
2. Nippon Life Insurance Company
Objects of the Issue:
The offer consists of the fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
The Net Proceeds would be utilized for :
Setting up new branches
Modernization of IT systems
Marketing & Branding
Lending to its subsidiary
Funding inorganic growth and other strategic initiatives; and
Meeting expenses towards general corporate purposes.
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||4,055.70||3,901.24||3,495.94||3,023.01||1,989.60|
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)