Both private and public sector banking stocks are included in this index. It comprises stocks having the highest market capitalisation and high liquidity quotient. What is Bank Nifty?īank Nifty (also referred to as Nifty Bank) is a stock market index specifically designed to track the banking sector. Bank Nifty belongs to the latter category. In this context, it is worth mentioning that there are broad indices as well as sectoral indices. b) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.For tracking any investment or measuring its performance - whether the stock is performing well or not - the primary thing even a novice trader or investor does is to compare it with the stock market index. Receive alerts on your registered mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors.
Message from Depositories: a) Prevent Unauthorized Transactions in your demat account -> Update your mobile number with your Depository Participant. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Message from Exchange(s): Prevent Unauthorised transactions in your account -> Update your mobile numbers/email IDs with your stock brokers. No worries for refund as the money remains in investor's account. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No need to issue cheques by investors while subscribing to IPO. Namita Godbole, Email: Support desk helpline: 8976689766 Brokerage will not exceed the SEBI prescribed limit.Ĭompliance Officer: Ms. If sale/ purchase value of share of Rs.10/- or less, a maximum brokerage of 25 paisa per share may be collected. Digital account would be opened after all procedure relating to IPV and client due diligence is completed. Investment in securities market are subject to market risk, read all related documents carefully before investing. 10/order is available with Power Investor & Ultra Trader Packs. *Brokerage will be levied flat fee/executed order basis and not on a percentage basis. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604 The index value will also be with reference to a base date and in the case of the Bank Nifty, the base date will be 0ĬIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no.The final selection of 12 companies will be based on the free-float market capitalization (non-promoter) of the companies in question.The index methodology states that only companies that are allowed to trade in F&O segment will be eligible to be included in the Bank Nifty Index.The only exception is when an otherwise eligible company comes out with an IPO and is able to fulfil all the other criteria for inclusion in the index for a 3-month period. In addition, the company should have a listing history of at least 6 months.
If the number of stocks representing the Nifty Bank index falls below 10 in the Nifty 500, then the deficit stocks will be selected from the top 800 stocks ranked by a combination of average daily turnover and 6-months average daily full market cap.The index review will be conducted twice a year. The said company must be traded on the NSE and form part of NIFTY 500 at the time of review.Here is the eligibility criteria for the companies to be included in the Bank Nifty.