Yes!, one can apply 1 Lot from different Demat accounts but they have to make sure that the other Demat account should not be mapped under their name or PAN Card. If one applies through 2 or more Demat accounts that are mapped under their name then all of the applications will get rejected.
In short Yes!, you can apply for more than 1 Lot from different Demat accounts but there are some points that you should keep in mind while applying for an IPO.
To increase the chances of allotment under the RII category where the allotment is finalized through random picking which is also known as the Lottery system, you can apply for 1 Lot each from a different Demat account that is not under your name.
For example, If you apply for 1 Lot from your Demat account, apply 1 Lot from any other of your family member’s accounts or any of your friend’s accounts. In this way, you will be able to increase your chances of allotment in an IPO.
To increase the chances of allotment, you should always use the Cut-Off price while applying for an IPO, as the Retail investors only have the luxury of applying at the Cut-Off price. Just by selecting the Cut-Off price, you outbid the investors who have placed a bid lower than yours. In this way, you can make sure that you have done your best to increase the chances of allotment of an IPO.
HDFC Securities is not a discount broker like Zerodha and Upstox, and its fees are higher when compared to them. Despite this fact, HDFC Securities is among the popular full-service stockbrokers in the country.
The opening charges of an ICICI Demat account is zero. However, the Demat account's annual maintenance charges are 700 rupees per annum, and the trading account opening charges are 975 rupees per annum.
Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
No, a Demat account is not required to invest in mutual funds in India. Instead, there are a number of other options, such as Asset Management Companies (AMCs) or offline distributors through which you can directly invest in mutual funds without opening a demat account.
Comparing the two stockbrokers to see which ones is the best can be a hurdle given that they both have so much to offer. However, if you want to know the broker, is that better? Then we have all the differences and comparisons listed below.
Yes, you can apply for an IPO application under a minor or HUF's name, provided they have different PAN card numbers. Minors can open a Demat account with their parent’s PAN Card and bank account.
It is the document issued by the owner of the IPO for share allocated as per the regulatory guidelines in an IPO. This contains all the crucial details about the Initial Public Offering.
Stoxkart online discount broker also provides IPO investment facility to clients. The best part is that stoxkart facilitates both the Indian as well as NRIs to invest in IPO online.
ICICI Direct and Paytm Money are both stockbrokers with a high customer base and offer different tools and platforms for executing trades. But then ICICI Direct comes on top given its decades of experience as a full stockbroker and its reliability through its trading tools and investing tips. Paytm Money has the recognition but still has to strive harder to make a mark in the stockbrokers' world in terms of services and trading tools.