Posts Tagged ‘Distribution of Mutual Funds & IPOs’

Rights Given to MF holders By SEBI :)

MF-Investor-Rights

The recent move by SEBI, banning entry load and capping exit load, among other things, has turned the spotlight on the possible improvement in rights of mutual fund (MF) holders in the country.

🙂

Sure, we already have regulations in place. But the recent Sebi move points to improvement in investor rights.

The important rights that are available to MF holders are as below as per Sebi Regulations on MFs:

A) An investor is entitled to receive statements of accounts in 6 weeks from the date of request for unit certificates.

Every unit holder has the right to receive a copy of the annual statement and periodic statement regarding his transactions.

🙂

B) He also has a right to receive information about investment policies, objectives, financial position and general affairs of the scheme.

🙂

C) Trustees are bound disclose to unit holders any information that could adversely impact investments. Investors have the right to information regarding any adverse happening.

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D) With prior Sebi approval, AMC can be terminate by 75% of the unit holders of the scheme present and voting at a special meeting.

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E) He is eligible to receive dividend within 42 days of declaration, and the proceeds within 10 days from the date of redemption or repurchase.

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F) They can also pass a resolution to wind-up the scheme.

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G) An investor can also send complaints to Sebi, who will take up= the matter with the concerned MFs and follow them up till the issue is solved.

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H) With the consent of 75% of the unit holders they have the right to approve any changes in the close ended scheme.

🙂

However in present world, usually no fund house takes an investor for granted, as nobody wants bad publicity.

Also, fund houses know that the Sebi is extremely serious about investor protection.

Still there is scope for more improvement.

🙂

When it comes to quantitative rights like receiving dividend or redemption cheque on time, things are very much in place.

🙂

However, when it comes to transparency or frequency of portfolio disclosure, things can still improve.

Transparency is a big issue in mutual fund industry.

Still there are schemes in market with strange and funny names, or the repackaged schemes where the investment objective and investment portfolio are not close to each other etc;
These can confuse investors.

😦

Another area which could improve is frequency of portfolio disclosure. Many Fund houses are lacking in the disclosure of portfolio twice a year, a choice given to them.

😦

So moral of the story is that before investing everybody should take necessary action to familiar with the scheme and at the same time should be aware of their rights and obligations.

🙂

SMC: A ONE STOP INVESTMENT DESTINATION !

Moneywise Be Wise

Moneywise Be Wise

Product and Services from SMC Global Securities !

SMC Global Securities : Money Wise Be Wise !

Equity & Derivative Trading

SMC Trading Platform offers online equity & derivative trading facilities for investors who are looking for the ease and convenience and hassle free trading experience.

SMC provides ODIN Application, which is a high -end, integrated trading application for fast, efficient and reliable execution of trades.

One can now trade in the NSE and BSE simultaneously from any destination at their convenience. They can access a multitude of resources like live quotes, charts, research, advice, and online assistance helps them to take informed decisions.

One can also trade through SMC’s branch network by registering with SMC as their client.

One can also trade through SMC on phone by calling SMC’s designated representatives in the branches where he/she is registered as a client.

Clearing Services

SMC is a clearing member in NSE (F&O), BSE(F&O),MCX, NCDEX,and DGCX. SMC is clearing massive volumes of trades of its trading members in this segment.

Commodity Trading

SMC is a member of 3 major national level commodity exchanges, i.e

National Commodity and Derivative Exchange(NCDEX),

Multi Commodity Exchange (MCX) and

National Multi Commodity Exchange of India(NMCE) and offers one a trading platform of NCDEX, MCX and NMCE.

One can get Real-Time streaming quotes, place orders and watch the confirmation, all on a single screen. SMC uses technology using ODIN application to provide clients with live Trading Terminals. In this segment, SMC has spread its wings globally by acquiring Membership of Dubai Gold and Commodities Exchange. SMC provides trading platform to trade in DGCX and also clear trades of trading members being a clearing member.

Distribution of Mutual Funds & IPOs

SMC offers distribution and collection services of various schemes of all Major Fund houses and IPOs through its mammoth network of branches across India .

SMC is registered with AMFI as an approved distributor of Mutual Funds. SMC assures one a hassle free and pleasant transaction experience when they invest in mutual funds and IPOs through us. They are registered with all major Fund Houses including Fidelity, Franklyn Templeton etc.

SMC has a distinction of being leading distributors of IPOs. Shortly SMC will be providing the facility of online investment in Mutual Funds and IPOs.

Online back office support

To provide robust back office support backed by excellent accounting standards to its branches SMC has ensured connectivity through FTP and Dotnet based Application. To ensure easy accessibility to back office accounting reports to its clients, SMC has offered facilities to view various user freindly, easily comprehendible back office reports using the link My SMC Account.

SMC Depository

SMC is DP for shares and commodities. It is one of the leading DP and enjoy the trust of more than 5.5 lacs investors. SMC offers a quick, secure and hassle free alternative to holding the securities and commodities in physical form. SMC is one of the few Depository Participants offering depository facilities for commodities. SMC is empaneled with both NCDEX & MCX.

SMC Research Based Advisory Services

SMC’s massive R&D facility caters to the need of Investors, who are continuously in need of opportunities for striking rich rewards on their investment. SMC has one of the most advanced, hitech inhouse R&D wing with some of the best people, process and technology resources providing complete research solutions on Equity, Commodities, IPOs and Mutual Funds. SMC offers proactive and timely world class research based advice and guidance to its clients so that they can take informed decisions.

SMC Investor Awareness Forum

SMC’s dedicated team of professionals is conducting investor meet/seminars across India . SMC believes that a well-informed investor is an empowered investor. SMC also seeks its client’s feedback on its services in these Investor meets.

SMC Global Securities : Money Wise Be Wise !

Every Investor is Unique,Every Solution is Unique.

SMC

Product & Services
Product & Services

Product and Services from SMC Global !

SMC Global Securities : Money Wise Be Wise !

Equity & Derivative Trading

SMC Trading Platform offers online equity & derivative trading facilities for investors who are looking for the ease and convenience and hassle free trading experience.

SMC provides ODIN Application, which is a high -end, integrated trading application for fast, efficient and reliable execution of trades.

One can now trade in the NSE and BSE simultaneously from any destination at their convenience. They can access a multitude of resources like live quotes, charts, research, advice, and online assistance helps them to take informed decisions.

One can also trade through SMC’s branch network by registering with SMC as their client.

One can also trade through SMC on phone by calling SMC’s designated representatives in the branches where he/she is registered as a client.

Clearing Services

SMC is a clearing member in NSE (F&O), BSE(F&O),MCX, NCDEX,and DGCX. SMC is clearing massive volumes of trades of its trading members in this segment.

Commodity Trading

SMC is a member of 3 major national level commodity exchanges, i.e

National Commodity and Derivative Exchange(NCDEX),

Multi Commodity Exchange (MCX) and

National Multi Commodity Exchange of India(NMCE) and offers one a trading platform of NCDEX, MCX and NMCE.

One can get Real-Time streaming quotes, place orders and watch the confirmation, all on a single screen. SMC uses technology using ODIN application to provide clients with live Trading Terminals. In this segment, SMC has spread its wings globally by acquiring Membership of Dubai Gold and Commodities Exchange. SMC provides trading platform to trade in DGCX and also clear trades of trading members being a clearing member.

Distribution of Mutual Funds & IPOs

SMC offers distribution and collection services of various schemes of all Major Fund houses and IPOs through its mammoth network of branches across India .

SMC is registered with AMFI as an approved distributor of Mutual Funds. SMC assures one a hassle free and pleasant transaction experience when they invest in mutual funds and IPOs through us. They are registered with all major Fund Houses including Fidelity, Franklyn Templeton etc.

SMC has a distinction of being leading distributors of IPOs. Shortly SMC will be providing the facility of online investment in Mutual Funds and IPOs.

Online back office support

To provide robust back office support backed by excellent accounting standards to its branches SMC has ensured connectivity through FTP and Dotnet based Application. To ensure easy accessibility to back office accounting reports to its clients, SMC has offered facilities to view various user freindly, easily comprehendible back office reports using the link My SMC Account.

SMC Depository

SMC is DP for shares and commodities. It is one of the leading DP and enjoy the trust of more than 5.5 lacs investors. SMC offers a quick, secure and hassle free alternative to holding the securities and commodities in physical form. SMC is one of the few Depository Participants offering depository facilities for commodities. SMC is empaneled with both NCDEX & MCX.

SMC Research Based Advisory Services

SMC’s massive R&D facility caters to the need of Investors, who are continuously in need of opportunities for striking rich rewards on their investment. SMC has one of the most advanced, hitech inhouse R&D wing with some of the best people, process and technology resources providing complete research solutions on Equity, Commodities, IPOs and Mutual Funds. SMC offers proactive and timely world class research based advice and guidance to its clients so that they can take informed decisions.

SMC Investor Awareness Forum

SMC’s dedicated team of professionals is conducting investor meet/seminars across India . SMC believes that a well-informed investor is an empowered investor. SMC also seeks its client’s feedback on its services in these Investor meets.

SMC Global Securities : Money Wise Be Wise !