How are bonus shares adjusted in my FYERS holdings?
When a company issues bonus shares, the buy price of the bonus shares in your FYERS account is updated as ₹0. This results in a new buy average for your holdings after the adjustment.
For example, if you originally held 100 shares with a buy average of ₹100, and a 1:1 bonus issue occurs (you receive 100 additional shares), your total holdings will become 200 shares. The new buy average will be calculated as ₹10,000 (the original total investment) divided by 200 shares, resulting in a revised buy average of ₹50 per share.
Related Articles
Why am I encountering an 'Invalid quantity' error when applying for a Buyback of shares on FYERS?
This specific error crops up when the quantity you bid for exceeds the quantity of shares you currently possess. For example, Mr. Anuj, a client at FYERS, has 10 shares of TCS in his holdings. Eager to participate in the Buyback, he mistakenly bids ...
What is the procedure for the gifting of shares/ETFs/mutual funds in FYERS?
Gifting securities is an excellent way to share your investments with friends or family. Here’s how you can gift shares, ETFs, or Mutual Funds on FYERS: If the Giftee has a FYERS Account: Initiate the Gift: Go to ‘My Account’, and navigate to ...
Do I need to pledge/authorise my MTF holdings?
No, starting from 8th November 2024, you do not need to manually pledge your MTF holdings. This update follows an NSE circular on direct payouts of securities to client demand accounts, resulting in an automated pledging process at FYERS. Key Points: ...
Are holdings P&L reflected in Fyers Journal?
Holdings Profit and Loss (P&L) are not reflected in Fyers Journal. The Journal is specifically designed to track and display the outcomes of trading activities, focusing on completed trades. It provides a concise display of Profit and Loss (P&L) for ...
What is Buyback of shares?
A buyback of shares is a corporate strategy where a company buys back its shares from its shareholders at a value typically higher than the ongoing market rate. Companies often resort to a buyback when they perceive their shares are undervalued and ...