Even though IIFL is a full service broker but providing 2 in 1 service only. So with the broker like IIFL, investor can‘t apply for IPO with their platform. Before ASBA process started, Investors were able to use IIFL online terminal to apply in IPO online and broker was responsible to share the information with registrar and exchange.
Now IIFL clients also have to use the ASBA process to invest in IPO. Investor can use IIFL Demat Account detail to submit with ASBA so when they receive allotment, they can use IIFL trading account to sell IPO scripts.
In Current process brokers have very minimum role to apply in IPO. Few full service brokers like IIFL still allowing its clients to submit IPO application form on their branch office or any IIFL mutual fund branch office. They are doing manual work to submit the application to respective bank to complete ASBA process.
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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