Comment on Basics on Options Shorting/Writing

coolblr commented on 25 Mar 2014, 06:21 PM

@Nithin, seems like its quite complicated to convert offline MF into demat and vice versa (I did call up Siva and even for him it was new). I have few questions related to Liquidbees (The return on Liquidbees is really pathetic compared to other liquid funds, but anyhow), it would be great if you can clarify the same.

1. The margin given on LIQUIDBEES is same as for other funds, lets say I have Rs. 1L worth liquidbees in my demat, I would get 1L margin, but need to have 10k (10%) as cash in my account.
2. What are the brokerages for LIQUIDBEES? (Its the same as for any stock?) Also I read somewhere to promote this product the brokerage on this product is waived off completely with lot of brokers, is Zerodha one of them?
3. What are the demat charges? (Again seems like NSDL/CDSL charges are waived off here also, from the GS/benchmark website for this product)
4. Any other charges that Zerodha/ILFS would charge?

It would be great if you could give this information, as it requires to calculate the overall charges (If it turns out to be expensive and have to breakeven on the cost of this product itself) and see in % terms if it works out to get into this or not as collateral.


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