When will the corporate actions such as Bonus & Splits reflect in my account?
Corporate actions such as Bonus & Split will reflect in your Demat account in 1-2 working days, after the record date. During this period, there might be a significant drop in the Notional P&L of the holdings. However, the same will be adjusted in the above-said timeline.
For Instance, A Ltd. announced a stock split in the ratio of 5:1 (i.e. the shares will be split 5 times) with a record date on 29th December. Mr Anirban, a client of FYERS had 100 shares of the company at ₹1,000 each. After the stock split, Anirban will have 500 shares (100*5) at ₹200 (1000/5). However, it will take 1-2 working days from 29th December for the shares to reflect in his account.
Note: When a listed company announces a Stock split or Bonus, the ISIN of the scrip changes. Hence, the transition timeline from the old ISIN to the new ISIN are subject to changes.
Below is an example of the recent stock split of IRCTC Ltd and its change in ISIN:
Am I eligible for corporate actions if I sell my holdings on the ex-date?
Yes, as a shareholder will be entitled to corporate actions if you sell the holding on the ex-date or the record date. For instance, REC Ltd. announced a dividend of ₹5 with a record date of 9th November 2022. Mr. X, a shareholder, sold his holdings ...
When will the dividend be credited into my trading account?
The dividend declared will not be credited into your trading account. It’ll be directly credited into your registered bank account within 1 month from the Ex-Dividend date.
If I’m placing multiple orders in the same scheme will buy NAV will average or how it works?
Whenever you place an order in the Mutual Fund segment in FYERS, the Buy NAV will be the closing price as on the day of purchase. In the future, if you once again buy the same scheme on a different date. The Buy average of the 2nd buy will be ...
Will Physical settlement apply to the buyer of an option?
In short, Yes! As per the SEBI guidelines, In The Money (ITM) stock options contracts are due for physical settlement irrespective of the nature of the transaction. Still unclear? Let us take a look at the implications of physical settlement from ...
How much time will it take to avail margins after pledging?
Once you’ve authorized the pledge request with an OTP (refer this), it will be processed within 10 minutes. However, the margin will be credited in your trading account on the next trading day. You can view the pledged margin in the My Account Portal ...