Online IPO & Mutual Funds Investments with MyValueTrade 2018

Last Updated - 20th Nov 2018

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IPO Investment through MyValueTrade

MyValueTrade as a Discount Stock Broker is not directly providing IPO Investment service, however if you have demat and trading account with MyValueTrade, 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 MyValueTrade DP account details. After allotment, you can use your MyValueTrade Trading account to trade and sell in your holding of shares.

Current and Upcoming IPO's investment with MyValueTrade

Step to Invest in IPOs with ASBA using MyValueTrade demat account

  • Login into your net banking account.
  • Go to Investment options, Select IPO.
  • Under IPO Page – Select the IPO you wish to invest.
  • Provide the required information like PAN No, Demat Account Number(MyValueTrade - 16 digit DP Number) and number of shares and bid price (including option to select cut off price).
  • Submit application subject to availability of clear balance in your bank 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:

  • Bank account with Self-Certified Syndicate Bank.
  • DP account with MyValueTrade.
  • Trading Account to trade in holding of shares.

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.

Where can I find my MyValueTrade DP Account Number?

You can find MyValueTrade Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling MyValueTrade Customer care number.

Mutual Fund Investment with MyValueTrade:

MyValueTrade as a discount broker does provide Mutual Fund Investment as well as SIP invesement in Mutual Funds. MyValueTrade dont have its own platform for Mutual Fund Investment, but they have registration with various AMC's so you can invest in Mutual Funds via AMC's. In such case you need to complete CKYC process with individual AMC's.

Detail Article on How to invest in Mutual Funds >> Read

MyValueTrade have tie up with below given AMC's to invest in Mutual Funds:

  • Axis Asset Management Company Ltd.
  • HDFC Asset Management Company Limited
  • UTI Asset Management Company Ltd
  • SBI Funds Management Private Limited
  • ICICI Prudential Asset Mgmt.Company Limited
  • Birla Sun Life Asset Management Company Limited
  • Sundaram Asset Management Company Limited
  • Franklin Templeton Asset Management (India) Private Limited
  • IDFC Asset Management Company Limited
  • IDBI Asset Management Ltd.

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