smifs

Stewart And Mackertich Wealth Management Ltd

NIFTY 10,582.50 100.30 (0.96%)

SENSEX 35,144.49 331.50 (0.95%)

As stated in the new circular from NSE, additional margins shall be made applicable for all equity derivatives in phases starting from 14th September 2018

Introduction

“Stewart & Mackertich offers Margin Trading Facility to its Clients. The rich experience in the financial markets across asset classes and having experienced various global and domestic business cycles through the past three decades, we have a trained pool of talents who keep investors and traders abreast with the latest developments across the Market Segments. We help clients build portfolio based on their needs of returns and according to their time horizon.

Normally clients buy and sell stocks with their own money. However, some specific stocks may look attractive at some point in time either because of market conditions or some sector/company specific news. If clients don’t have the required funds to trade in a particular stock, then the client can opt for margin trading facility. Margin Trading facility helps clients to trade in stocks where they are required to put in certain percentage as the margin amount (similar as a down payment in any loan product). This margin amount will vary from stock to stock, Stewart & Mackertich will fund the rest of the transaction so that the clients are able to purchase these share with an interest charged as and when clients give consent and register himself for MTF Segment and avail the Margin Trading facility. The interests are applied to the Margin Trading Account unless the clients decide to make payment.

There are restrictions on the stocks, clients can buy on Margin Trading. The Securities and Exchange Board of India regulates which stocks are marginable. As a general rule and practice we don’t allow clients to purchase penny stocks or Initial Public Offerings (IPO) on Margin as risks involved with these types of stocks is high. Stewart & Mackertich can independently decide not to margin certain stocks, so check what restrictions exists on your Margin Account. The buying power of a margin trading account changes daily depending on the price movement of the marginable securities in the account.”

FAQ

A broker allows clients to buy stocks just by paying margin (for given list of stocks) and not the total value of stocks is known as Margin Trading Facility. Clients can carry the position just by maintaining minimum margin.

Brokers may allow clients to pay margin in the form of approved list of stocks.

Required margin may vary for different stocks. For details please get in touch with our Customer Care Executives / Relationship Manager.

Margin Trading Facility is available only under cash segment for selective scrips.

You will get all communication regarding confirmation of orders/trades, margin calls, decision to liquidate the position / security on your registered email/ Mobile Number.

Margin Trading Facility accounts where there was no transactions for 90 days shall be settled immediately.

You can carry your funded position by maintaining minimum required margin with the brokers.

You can exit from margin funding position by paying total debit amount or by selling your position.

Registration Numbers: Single SEBI Registration No.: NSE (Cash) NSE (F&O) NSE (CD) BSE (Cash)

BSE (F&O):INZ000161035; CDSL & NSDL SEBI Registration No.: IN-DP-24-2015; AMFI: ARN-3080;

PMS: INP000004623: CIN-U51109WB1993PLC060987

Regd. Office Address: 4, Lee Road, Vaibhav, 5th Floor, Kolkata – 700 020

West Bengal, India; Tel. No.: (91 33) 6634 5400, (91 33) 4011 5400 (91 33) 3051 5400; FAX: (91 33) 2289 3401

For any Grievance mail to : investors@smifs.com, Email: investors@smifs.com; Web Site: www.smifs.com

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