Skip to main content

Mobile Trading

mobile trading
Mobile Trading is to kick-off soon in Indian Capital Markets, as the market regulator SEBI has given approval for the same. Currently, many brokers are providing web-based mobile trading, but the current form of mobile trading using wireless technology (including laptops with data card that use internet protocol), would make things lot easier for active traders.

Both the stock exchanges BSE and NSE are ready to provide the facility as soon the brokers set up their systems. The applications for mobile trading can be downloaded by the customers from their brokerage websites. The procedures for trading are same as that of online trading - on submitting an order to buy or sell shares, traders will be provided with the order confirmation and similarly modification or cancellation facilities will also be provided.

The traders would be aware of risks and difficulties involved in online trading, similarly they should also be aware of the possible risks involved in mobile trading too. Hope adequate steps are taken by the service providers and brokerages, to prevent misuse of this facility by unauthorised persons. As India is one of the fastest growing mobile phone markets and equally active trading population, the mobile trading is likely to be a hit.
Labels:

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !
Read more

Mutual Funds - How to modify KYC or do rekyc?

Last year SEBI issued a circular effective April 1, 2024 regarding KYC norms for the securities market. This has created a lot of confusion among investors and intermediaries, whether who has to do rekyc and who need not? First check your KYC status from CVL KRA . If the 2nd column says KYC VALIDATED, then you are good to go - no action required. You can invest and redeem all the funds. If it says registered, you can invest in existing Fund houses. You have do rekyc to invest in new fund houses/ schemes. If it is on hold, you have to do rekyc.  You can do rekyc completely online from the AMC's websites, links of which are given below: Bandhan Mutual Fund - Bandhan Canara Robeco Mutual Fund - Canararobeco DSP AMC - Dsp Franklin Templeton Asset Management Franklintempletonindia HDFC Mutual Fund Hdfc ICICI Prudential Mutual Fund Icicipruamc Kotak Mahindra Mutual Fund  Kotak SBI Mutual Fund  Sbi Investors having KYC status of  'Registered' or 'On Hold' can complete thei...
Read more