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Q. What is online trading? |
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Online Trading is the process of buying or selling securities through the Internet.
To trade online, you need to have access to a personal computer (with a modem),
a telephone and an Internet account with any one of the Internet service providers.
SHAH INVESTORS HOME LTD as a brokerage house offers users an interface on the Internet
(what you see when you log on to our site) and also offers the required guidance
for them to place buy or sell orders over the Internet. |
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Q. Who can open a online trading account with SIHL? |
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Any Individual, Hindu undivided Family (HUF), proprietary firm, partnership firm,
company, trust or Non Resident Indians (NRI) can open an account with Shah Investors
Home Ltd. |
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Q. Is there still a brokerage firm involved or do I really bypass the broker completely? |
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All trades involve a brokerage firm even if a stockbroker is not used to help with
the trade. Although customers may enter orders for trades via the Internet, customers
do not have direct access to the securities markets and therefore must use a brokerage
firm in order to execute their trades. Customers should also remember to do their
homework where their investments are concerned. |
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Q. Why should I go for an online trading if I am satisfied with my Broker’s system? |
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Internet share trading is more convenient and hassle free. No phone calls, No paperwork,
No more writing of cheques, you can trade on your own. Market position will be in
front of you. You can trade while working in the office, while you are at home.
If computer/Internet is not available at your place; you can go to Cyber cafe also.
You can take an experience once; you will know the advantages of that. |
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Q. Why should I trade with SIHL? |
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Following are the benefits of trading with us. No software installation required,
easily accessible on browser Transparency in Dealing NSE cash segment, NSE F&O and
BSE on single platform Live rate updating Access your ledger balances and account
information over internet back office and through phone Online transfer of funds
through internet payment gateway Short cut keys for the faster trading After market
order facility for intraday traders
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Q. What are the products offered by SIHL? |
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REPI DEAL : Browser based trading platform and REPI TRADE : Software based trading
platform
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Q. Do you offer banking and DP facilities? |
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We are not a bank, and in that sense cannot offer any banking services. But what
we have done is tied up with Internet enabled banks like HDFC Bank, to offer you
net transfer facility. We do provide DP facilities of both National Securities Depositories
Ltd. (NSDL) and Central Depository Securities Limited (CDSL). It is mandatory to
open the designated accounts with us, to avoid any delays in pay in and pay out.
We have tied up with HDFC BANK, ICICI BANK, AXIS BANK. |
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Q. If I already have a Demat/Bank account with other Bank or Depository? |
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To avail of the online trading advantages offered by SIHL you must have to open
the demat account with SIHL. As far as bank account is concerned if you want avail
the facility of the online fund transfer you need to open your bank account with
any of the following banks. 1. HDFC BANK 2. ICICI BANK 3. AXIS BANK (formerly UTI
BANK)
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Q. How do I become an online trading customer of SIHL? |
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To open an online trading account with SIHL just send us the email on inet@shahinvestors.com
or call us on 30027656-60. You can also get all the details from your nearest SIHL
branches. |
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Q. What are the forms and documents required for opening an online trading account? |
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1. Client Registration Form (includes following) Member client agreement (NSE, BSE)
DP account form Auto Payin 2. Documents Required Two photographs Two Photocopy of
pan cards Two photocopy of pass book or bank a/c statement Two cancelled cheques
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Q. Do I have to maintain any minimum margin as deposit? |
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Yes you have to maintain the minimum margin of Rs.10000 against which you will get
the exposure up to 10 times (Rs.100000). |
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Q. How do I get my user ID and password for the first time? |
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The trading password will be issued only on completion of all registration formalities
and a email containing details about your user id and password will be sent you. |
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Q. How safe is my user ID and password? |
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The password is generated by the system and sent to you such that not even employees
of SIHL would know about it. To ensure complete safety and privacy the user will
be forced to change his password the very first time he logs into the trading site. |
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Q. If I have forgotten the password, what should I do? |
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You can call or email to our customer support team and they will immediately generate
your new password on the fulfillment of some security questions answered by you. |
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Q. How do I start the online trading? |
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After getting your user id and password you need to visit the website of SIHL (www.sihl.in)
and select the option of login to online trading from the home page of the website.
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Q. Can I buy or sell shares of any company or value? |
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Yes, provided you have the funds in your account or stocks with your depository
participant. Also, the company should be listed on the National Stock Exchange (NSE)
or the Bombay Stock Exchange (BSE). |
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Q. Can I modify/cancel my order? |
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Yes, you can modify or cancel your orders, before they are executed. |
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Q. How frequently can I know the status of my accounts? |
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Once you start trading, you can know the status of your accounts online at any time. |
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Q. What is a contract note? |
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It is a statement of confirmation of trade(s) done on a particular day for and on
behalf of a client. As a online trading client of SIHL you will receive the contract
note of your trade through email after the trading session. |
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Q. What other information and database will SIHL provide? |
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SIHL provides a wide range of information on what’s happening in the market. This
includes: stock quotes, intraday charts, market reports, live news, information
on gainers & losers, advances & declines, only buyers & sellers, stocks that are
at 52-week high or low, global markets, ADRs, board meetings, latest results and
corporate announcements. You can also read IPO news and analysis, find information
on the IPOs that are open currently and IPOs that are slated to hit the market.
In mutual funds, you can find the net asset value (NAV) of funds, study the best
performing funds, and which new fund offerings are open currently. You can also
research fund schemes in details.
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Q. How do I get confirmation for orders and trades executed? |
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You can check the status of your orders & trades in the order book and trade book
of your online trading platform. |
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Q. What happens if I enter my trades after trading hours? |
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At SIHL you are also having the facility to place the after market trades. |
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Q. Will there be any buying and selling limits applicants from time to time? |
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You can buy to the extent you have the margin in your account. |
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Q. Can I go short? |
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Yes at SIHL you can short your position. |