ICICIdirect Research Our Mututal Fund research analysts are of the view that as of now there is no empirical evidence to show the impact of higher AUM on performance. Even higher AUM funds have done well while lower AUM funds have underperformed. The case is similar even in midcap and smallcap funds.
While we all understand the impact cost can be high particularly in smallcap/midcap funds, there is no co-relation which can be established. Few fund managers themselves take pro-active call of restricting inflows in smallcap funds. So while fund managers may many times find it difficult to manage few stocks in terms of exit/entry impact cost, its impact on fund level NAV is minimal. Our focus remain on portfolio stock analysis and fund manager track record to select the fund which ultimately take care of everything.
ICICIdirect Executive Thank you for the query. We would like to inform you that with MARGIN TRADING FUNDING (MTF ) you pay a small initial margin to buy stocks today and repay the balance amount in 365 days.
In order to buy stocks under margin products, a part of the amount needs to be paid initially. This amount is termed as Initial Margin. Margin differs across stocks and is different for different products. To view Initial and Minimum margin for any stock, visit Stock List page on www.icicidirect.com. You can estimate the margin amount by calculating it as a percentage of total position value. For example, if Mr. X buys 100 shares of ABC Ltd in Margin Trading at Rs.100 per share, the total value of his purchase becomes Rs. 10,000. If initial margin applicable on ABC Ltd is 30%, it means Mr.X will only have to pay Rs. 3000 to take position in this stock and will get 1 year to back the remaining Rs. 7000.
ICICIdirect Executive Thank you for the query. We would like to inform you that Reliance Industries has fixed 12 May 2021 as the `Record Date` for the purpose of determining the holders of the partly paid-up equity shares who shall be liable to pay the money on the First Call.
The Company had, vide letter dated 26 March 2021, intimated that the First Call of Rs. 314.25 per partly paid-up equity share (including a premium of Rs. 311.75 per share) would be payable on the aforesaid shares from 17 May 2021 to 31 May 2021 (both days inclusive).
The payment of First Call money for partly paid-up equity share will be enabled from 17 May 2021 under the IPO section.
ICICIdirect Executive Update: We would like to inform you that customer those who held the partly paid-up shares on records date only those customers shall apply in the First Call Money Reliance Industries Limited issue by following the below steps:
Log into your account > IPO > Click on Go action against FIRST CALL RELIANCE INDUSTRIES LTD : RELPP1
Issue Start Date & Time: 17-May-2021 10:00 AM
Issue End Date & Time: 31-May-2021 03:00 PM
ICICIdirect Executive Thank you for the query. We would like to inform you that Mutual Fund investments will be done in physical form through ICICIdirect. It is the default mode of mutual fund investment through ICICIdirect. You will not get any physical unit or certificates. You will be able to track all Mutual Funds, view consolidated reports across AMCs and buy/sell MF units online through ICICIdirect. Units will be held by Registrar and Transfer Agents (RTAs).
To change the mode of new Mutual Fund (MF) investments to demat form, follow the below steps:
Log into your account > Mutual Funds > Mode of MF Investments > Select Demat Form and Confirm.
The above selection will only apply to new MF investments. If you wish to convert your existing physical units into Demat form, please follow steps given below:
You can convert your existing MF Holdings from Regular Physical Form to Demat Form by following the below steps. The entire process is offline and normally takes around 21 working days.
1. Obtain either - Dematerialization Request Form (DRF) for CDSL or Conversion Request Form (CRF) for NSDL from your DP (e.g. ICICI Bank for linked ICICI Bank Demat a/c)
2. Fill & sign DRF for CDSL/CRF for NSDL
3. Submit the duly filled form to your DP (e.g. ICICI Bank for linked ICICI Bank Demat a/c) with Statement of Account (SOA) issued by Asset Management Companies (AMC)
4. After due verification, the DP would send the form & SOA to AMC/ Registrar and Transfer Agent (RTA)
5. The AMC/RTA after due verification will confirm the conversion request executed by DP and mutual fund units will be credited in your Demat account