IIFL as a Full Service Broker is not directly providing IPO Investment service, however if you have demat and trading account with IIFL, you can still apply in IPOs. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).
You can apply in IPOs with any of the self-certified syndicate banks by providing IIFL DP account details. After allotment, you can use your IIFL Trading account to trade and sell in your holding of shares.
Step to Invest in IPOs with ASBA using IIFL demat account
Detail Article on ASBA Process for IPO Investment >> Read
Note: Client having account in those bank who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.
What type of account I need to invest in IPO?
To invest in IPO, you need to have:
Where can I find the Self-Certified Syndicate Bank branches list?
List of Self-Certified Syndicate Banks under the ASBA facility are available on SEBI, NSE and BSE Sites.
SEBI List of SCSB >> List of Self Certified Syndicate Banks
NSE SCSB >> List of Self Certified Syndicate Bank
BSE SCSB >> List of Self Certified Syndicate Bank
Where can I find my IIFL DP Account Number?
You can find IIFL Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling IIFL Customer care number.
IIFL is providing paperless and worry free Mutual Funds investment. With IIFL, you can opt tailor made plan or pick your own funds.
The Auto Investor is programs which understand your investment requirements, provide intelligent solution for your investment need, guide and monitor your investment to close to achieve your goals.
Auto Investor program is common, but unique with IIFL which takes input from investor like objectives, your income and risk appetite. Recommend a portfolio to invest in, after investment its monitor, track your portfolio and advice in case you need to do changes to achieve your goals. Pick your own funds - in this you can choose your own fund and start inventing in lumpsum or start SIP investment.
Mutual fund purchases are enabled for only those clients who have IIFL Demat Account. IIFL MF providing services with 23+ AMC and almost 6,000+ mutual funds.
How to open Mutual funds account with IIFL?
How to invest in Mutual funds with IIFL?
How much brokerage I need to pay for investing in Mutual Funds?
Zero, Mutual Funds investment with IIFL is Free.
Can I start Mutul Funds SIP with IIFL?
Yes, IIFL is providing MF SIP facility.You can invest lumpsum or SIP.
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