Banking & Insurance Professionals
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Activity:
16 views;
last activity : 01 22 2011 05:53:31 +0000
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STOCKS
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Mutual Funds
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LAS
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When you wish to sell a share, you need to call a broker with whom you have a securities trading account. You could place a ‘sell’ order with him. Once the order is executed, you need to deliver the shares to your brokers account by filling in an demat transaction slip on the next day. On the pay in day you are eligible to get a cheque for the sale of your shares from your broker. |
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Yes having an online account is the best option to those who need quick money
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Esha I completely agree with you more over you also have the freedom to liquidate your mutual fund options.... Your mutual fund sends you a hard copy of the statement. The bottom part of it is a perforated transaction slip. You need to fill in the transaction slip and tick the relevant particulars in redemption form and submit it to any of the registrar’s office or office of the Asset Management Company before 3 pm. They will acknowledge the same with a time stamp. |
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Esha and Archana is Right. But if their is poor valuation and expecting better future value and dont want to sell 1 must go for LAS. LAS - Loan Against Share - If the portfolio is too big in size but having poor market values and one is urgent need of money. Then inspite of liquidating the stocks they can borrow the money from and Banks or NBFC`s by pledging ther equity of Mutual funds with them. This can be instant to 10 days of time, depending upon the bankers HO and your resident place. The money shall be alloted on NSE approved equities of Grp. A segment with loan amount sanction after 30 to 40% hair cut of market valuations of Equities i.e if the market value of the equity is Rs 1 lac the person will be eligible for 60 to 70 thousand of loan. The loan amount will be at any tenure but their will be interst charges depend upon banks / NBFC you deal - normally 13 to 18 % PA. Wenever you return the money with interest the shares will be released to the orginal account. One major point need to be taken that if you borrow 100 % limit then please tke care of valuation. Don`t let the valuations to drop more then 10 % else pledge more share or repay loan for the dropped market value. O`wise ther shares will be liquidated by the banker or NBFC as their RMS- Risk Management System triggers to get back their dues. |
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Esha, Archana rightly said, both stock and mutual fund is the right assets to liquidate, but as Jyoti has pointed out taking a loan is a better option.
Thanks for the referral Esha
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JV needs more dedication and yes sir back stabbing approach kills it all. The end result of a well set JV with values gives more value. |
No we are not.. not right now. We are still in recovery stage and this time I do not think the same mistake will be repeated. Having tough time is one thing and going back to recession is totally different, we cannot mix them. |