Last Updated - 23rd Mar 2019
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Tradeplus as a Stock Broker is not directly providing IPO Investment service, however if you have demat and trading account with Tradeplus, 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 Tradeplus DP account details. After allotment, you can use your Tradeplus Trading account to trade and sell in your holding of shares.
Step to Invest in IPOs with ASBA using Tradeplus 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 Tradeplus DP Account Number?
You can find Tradeplus Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling Tradeplus Customer care number.
To give complete benefit of your mutual funds investment, Tradeplus started new service called INFINI MF. Under this service investor need to pay small amount of fees to obtain service from Tradeplus, but biggest advantage is you can invest money in direct plan with available mutual funds AMCs.
When you invest with Tradeplus Mutual Funds service, you donít pay any commission to Tradeplus other than your regular monthly fee which is Rs 50 PM after your investment cross 2.5 Lack. This is a huge savings on your mutual funds investment.
Mutual Funds plan and service of Tradeplus is similar to Zerodha Coin.
How to invest in Mutual funds with Tradeplus?
How much brokerage I need to pay for investing in Mutual Funds with Tradeplus?
Tradeplus is allowing you to invest in Direct plan with multiple AMCs on single platform, Tradeplus is not taking any commission for this service. If your mutual funds investment cross Rs 2.5 Lacks then Rs 50 per month fee is payable with this service(Rs 600 PY).
Can I start Mutual Funds SIP with Tradeplus?
Yes, you can start MF SIP with Tradeplus.
Why direct plan in mutual funds are better than regular plans?
In direct plan you are directly interacting with AMCís, so commission which is taken by brokerage firm is awarded to clients. Where in regular plans, expense are bit high because various commissions are included in expenses. With this, in compare with regular plan vs direct plan, you will get approx 1% extra return year on year basis in direct plans.