Announcements

As per new Exchange directive following relaxation will be applicable from September 1, 2020 to September 15, 2020:
• No Margin shortfall/ Non collection Penalty
• BTST & Option Sell Credit will be available to use across all the segment

Click here to read circular: NSE Circular

SEBI, the regulator of Indian Stock Markets, has made two major regulatory changes from September 1, 2020:
• Upfront margin requirements for Equities and F&O across NSE, BSE, MCX, NCDEX
• The method of pledging & Re-pledging of stocks for additional Collateral Margins

What is new Margin System?
• Upfront margin requirement for all buy and sell trades.
For e.g.: In capital segment, Trading Members (TM) are required to mandatorily collect VaR +ELM (not less than 20%) margins from the clients on an upfront before execution of trades.
• MTM & Other margins can be deposited by T+1 day for Derivatives and T+2 day for Equity. Shortfall, if any, shall be liable to penalties.

What is New Pledging Mechanism?
Until now your broker was providing you the collateral margin for trading, by moving the stocks from your Demat account to Broker’s pool account and in turn to the clearing corporation. From September 1, 2020 onwards, stocks will remain in your Demat account and you can create a pledge in favour of your broker and which in turn can re-pledge to the clearing corporation to avail the benefits of limits/margin.
Over the past few weeks, we have made changes in our Trading apps (Web & Mobile) with new features as Margin against Holding under Funds section. Secondly, we have released all securities from pool account to the customer Demat account and requested the customers to repledged those securities using the new mechanism.

Will the profit earned from intraday trading be available on T-day or T+1 day?
No, profits made from intraday trading will be available for further trade only after settlement done by exchange. For Derivatives it will be T+1 and for Equity it will be T+2

When would the MTM profit be available from selling Futures Position?
For trades related to MTM, profits made by selling the Futures position will be available after settlement by exchange on T+1

Can I use Option sell credit to buy options on the same trading day?
When you exit your long/buy option positions or enter new write/short options, the proceeds or credit of option premium can be used for only new long/buy option trades on the same trading day and only within the same segment. However, the proceeds or credit of option premium can be used to trade for any other segment like equity or currency or commodities only after settlement by exchange.

Can I still do BTST(Buy Today Sell Tomorrow) trades?
Yes, you can sell your stock on T+1. But the proceeds from sell trade cannot be used for further transactions on T+2.

How much time does it take to update Limit/Margin after successfully completing the Pledge process?
It takes around 15-30 minutes for Limit/Margin to update after successfully completing the Pledge process at CDSL.

Where can I see the Pledge shares for my account?
On Mobile and Web app: Go to Funds – Margin against Holding – Withdraw

What are the charges for Margin pledge, unpledge and invocation charges?
• Rs. 50/ + GST - per ISIN for Basic Service Demat Account (BSDA) clients
• Rs. 20/ + GST - per ISIN for Non-BSDA clients

Can excess margin/collateral available in MTF ledgers be considered towards Margins of non-MTF transactions?
Excess margin/collateral available in MTF ledgers cannot be considered towards Margins of non-MTF transactions.

How to avoid penalties?
It is advised that you Pledge stocks of sufficient amount or maintain a sufficient balance in your trading account to avoid any penalties.

If you have any issues just contact our customer care team, they will help you with the process:
support@angelbroking.com
022-68071111 / 022-42185454

Sovereign Gold Bonds 2020-21 – Series VI will be open for subscription from August 31, 2020, 9:00 AM until September 4, 2020, 3:30 PM. Details of the issue are as below:

Security symbol - SGB202106
Issue Price - 5067 (After a discount of Rs 50)
Minimum Bid Quantity- 1 (gram)
Maximum Bid Quantity- 4000 (grams) for Individual, HUF

Following Companies share are available forNew Fund Offer (NFO): The offer period and Price are mentioned along with them.:

Baroda Large & Mid Cap Fund- NFO
• Offer period: Aug 17-31, 2020
• Allocation Date: 04 Sep 2020
• Min for First Investment:Rs.5000
• Min for Second Investment:Rs.1000

Nippon India Multi Asset Fund Direct - Growth - NFO
• Offer period: Aug 07-21, 2020
• Allocation Date:27 Aug 2020
• Min for First Investment:Rs.5000
• Min for Second Investment:Rs.1000

You can easily apply through your Angel Bee App mentioned as below:
• Login to Angel BEE using your ABMA User ID & Password
• Click the menu icon with three lines on the top left corner
• Click on NFO
• Tap on desired fund and Buy
Click here to download ANGEL BEE App

Following companies have announced Rights Issue for all eligible shareholders. These REs will be temporarily traded on the stock exchanges for some period. You can either use the REs to apply for the rights of shares or you can sell them directly.:

Company: Satin Creditcare
• Ratio: 48:125
• Issue Price: Rs. 60
• Issue Period period: August 12 to August 26, 2020
• RE Trading: August 12 to August 21, 2020

Check: Satin Creditcare Share Price 

Company: Minda Industries Ltd
• Ratio: 1:27
• Issue Price: Rs. 250
• Issue Period period: August 25, 2020 to September 8, 2020
• RE Trading: August 25, 2020 to September 3, 2020

Check: Minda Industries Share Price 

Company: Spencer’s Retail
• Ratio: 2:15
• Issue Price: Rs. 75
• Issue Period period: August 4, 2020 to August 18, 2020
• RE Trading: August 4, 2020 to August 13, 2020

Check: Spencers Retail Share Price

How do I apply for the RE?
• Login to your bank account online via Net Banking.
• Go to Net banking ASBA
• Register "BENEFICIARY REGISTRATION" (Could be optional for some banks)
• Select desired RE from the list.
• Enter the Quantity, Price, Angel DP Account details.
• Submit your application.

To Know your DP ID (16-digit number used to identify your demat account) please follow below steps:
• On Web: Login -> My profile -> My DP Details
• On ABMA App: Login-> My Profile -> Bank & DP Details -> DP Details
Angel Broking, the Depository Participant(DP) is a member of CDSL(Depository)

Click here to view the steps for ASBA registrations on Net Banking Kotak Bank
Click here to view Self- certified Syndicate Banks under ASBA facility
Click here verify your entitlement Right Issue entitlement

If you want to participate in any of the above please contact us at: support@angelbroking.com
022-68071111 / 022-42185454

Mindspace Business Parks REIT owns a quality office portfolio located in four key office markets of India. Its portfolio has total leasable area of 29.5 msf and is one of the largest Grade-A office portfolios in India.Mindspace is looking to raise about Rs 4500 crore in the IPO out of which Rs 3500 crores are shares being sold by the promoters and Rs 1000 crores will be in form of a fresh issue.:

• Issue Period: July 27-29,2020
• Price band: Rs. 274 -275
• Lot size: 200 units and in multiple thereafter

Click here to download IPO Review & Analysis Report

How do I apply for the Mindspace REIT IPO?
• Login to your bank account online via Net Banking.
• Go to Net banking ASBA
• Register "BENEFICIARY REGISTRATION" (Could be optional for some banks)
• Select Mindspace REIT IPO from the list.
• Enter the Quantity, Price, Angel DP Account details.
• Submit your application.

To Know your DP ID (16-digit number used to identify your demat account) please follow below steps:
• On Web: Login -> My profile -> My DP Details
• On ABMA App: Login-> My Profile -> Bank & DP Details -> DP Details
Angel Broking, the Depository Participant(DP) is a member of CDSL(Depository)

Click here to view the steps for ASBA registrations on Net Banking Kotak Bank

Click here to view Self- certified Syndicate Banks under ASBA facility

As per SEBI guidelines effective from 1st August 2020 brokers can accept securities as collateral from clients only by way of Margin Pledge created in the CDSL depository system.

Key Points to Note
-> Only pledged securities will be available for obtaining margin/limit for trading
-> Collateral shares with us for additional margin/limit will be transferred to respective clients Demat account to comply

Kindly note, that the last date of migration from the existing process of POA based/collateral to margin pledge mechanism of availing additional margin/limit is 31st August 2020. We will communicate detailed process flow soon.

To read the full SEBI circular Click here

Please contact us at:
support@angelbroking.com
022-68071111 / 022-42185454

Shriram Transport Finance Corporation & PVR will issue Right Entitlements (REs) to anyone who held its shares as on July 10, 2020. These REs will be temporarily traded on the stock exchanges for some period. You can either use the REs to apply for the rights of shares or you can sell them directly.:

Shriram Transport Finance
• Ratio: 3:26
• Issue Price: Rs. 570
• Issue Period period: July 14-30, 2020
• RE Trading: July 14-24, 2020

Check: Shriram Transport Finance Share Price

PVR
• Ratio: 7:94
• Issue Price: Rs. 784
• Issue Period period: July 17-31, 2020
• RE Trading: July 14-24, 2020

Check: PVR Share Price

The New Fund Offer (NFO) of the Bharat Bond ETF will open on July 14 and close on July 17. The ETF will offer two maturities - five years (Bharat Bond ETF April 2025) and 11 years (Bharat Bond ETF April 2031) to cater to the needs of both short term and long-term investors. Bharat Bond ETF issued by Public Sector Companies and other Government organizations with a credit rating of AAA such as Power Finance Corporation, REC, Power Grid Corporation and National Housing Bank, among others.

-Retail Individual Investors (Including HUF/NRI)
-Min: Rs. 1,001 Max: Rs. 2,00,000

-Non-Institutional Investors (Including Corporate/Partnership and Non-retail individuals)
-Min: Rs. 2,00,001 and in multiples of Re. 1/- thereafter.

Please read the Scheme related Information Document

1. All upfront margins are to be collected in advance of trade.
2. Clearing Members are required to collect margins on consolidated crystallised obligation from its respective Trading Members (TM)/ Custodial Participants (CP) only in the from of cash.
3. T day margins on consolidated crystallised obligations has to be collected by T+1 day.
4. The Clearing Members (CM) shall report segment wise shortfall amount of Crystallised Settlement Obligation of TM and CP to the clearing corporation in excess of Rs 5 lacs if the shortfall continues beyond 1 day of the stipulated timeframe.
5. Clearing Member shall be required to have risk management policy covering collection of margin, procedure for bifurcation of TM proprietary and client collateral, ratio of cash and non cash collateral, upper cap on acceptance of securities from a member to avoid concentration risk etc.
For more information read the full NSE circular