FAQs
- DIY
- MADP
- Demat Accounts
- Fintech
- MLD
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- Individual PL
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- MTF
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DIY (Do-It-Yourself) Investing refers to managing your own investment portfolio using various tools, platforms, and research without relying on an offline service. It empowers investors to make informed decisions based on their own analysis and market understanding.
With PL, you gain access to advanced trading platforms, award-winning research, and a suite of tools designed to help you invest confidently. You also benefit from flexible trading options, real-time data, and expert insights.
You can start by opening an account with PL by clicking here. Or, you can download our PL Capital app to begin trading and investing immediately.
MTF is a service that allows you to borrow funds to increase your trading position. This enables you to potentially earn higher returns by taking larger positions in the market. MTF provides liquidity and flexibility, allowing you to capitalise on market opportunities without liquidating your existing investments.
You can access our research reports directly through our DigiTrade app, or via the Research section on our website. It is also emailed to PL clients and shared via our WhatsApp and Telegram channels. Our reports cover a wide range of asset classes and are updated regularly to provide you with the most relevant insights.
Multi Asset Dynamic Portfolio is our quant-based PMS strategy that employs a systematic, alpha-focused, rules-based approach to dynamically invest across asset classes. This multi asset allocation strategy aims to generate superior returns during risk-on periods while diversifying risk during risk-off periods, enabling us to sustainably capture alpha across market cycles. The investment is made across Domestic & International Equities, Gold and Liquid Funds.
Dynamic Asset Allocation strategy refers to an investment style where the asset mix in the portfolio is adjusted – dynamically – to take advantage of market trends. MADP is a multi-asset allocation strategy that relies on a dynamic multifactor investment framework designed for systematic alpha generation. The focus is on generating sustainable and repeatable alpha, across market cycles.
6F: Dynamic Asset Allocation to Navigate Market Cycles by Managing Risks for Sustainable Outperformance
- Favourable Value
- Favourable Trend
- Favourable Macros
- Favourable Sentiment
- Favourable Risk Environment
- Favourable Monetary Dynamics
6S: Dynamic Stock Selection for Repeatable Outperformance
- Style Agnostic
- Sector Rotation
- Superior Fundamentals
- Sound Valuations
- Strong Technicals
- Smart Risk Management
A multi-asset fund invests in more than one asset class. Multi Asset Dynamic Portfolio is our quant-based PMS strategy. It identifies the phases of wealth creation to ensure the investment is made in the right class, at the right time. With its quant-based, process-driven approach, MADP aims to generate superior returns during risk-on periods while diversifying risk during risk-off periods, enabling us to sustainably capture alpha across market cycles.
Dynamic Asset Allocation strategy is a portfolio management strategy wherein the investment is made across multiple asset classes. MADP aims to get it right by integrating:
- Right Factors: Enhances performance by 80%^
- Right Asset: Drives 91%* of the performance
- Right Time: Enhances alpha generation & risk management
Here’s how the asset allocation works:
- Determine Equity strength using the Dynamic Multi-factor Model based on the 6F framework to arrive at equity & non-equity allocations
- Allocate to International equities, if Domestic equities strength is low, but international equity strength is high
- For non-equity allocation, invest in Gold if Composite Gold signal is buy. Invest in Liquid bees if Composite Gold signal is sell
- Review asset allocation model every week for responsive risk management. Review Stock Selection dynamically on a sub-quarterly frequency to rebalance the portfolio to stay aligned to market realities
Rebalancing the asset mix in the portfolio as per market trends enables investors to prevent losses emerging in a single asset class, and also capture potential gains in another asset class. Our MADP PMS identifies the phases of wealth creation to ensure the investment is made in the right class, at the right time. Here are the key reasons why you should invest in MADP:
- Asset Allocation drives 91.5% of returns, while security selection and market timing contribute only 7%
- Its multi-asset approach makes it an ideal, all-weather strategy for diversification
- Identifies opportunities across asset classes under different economic and market cycles
- Follows Quantamental investment framework based on Fundamental + Alternative + Quantitative + Technicals (FAQT) techniques
- Quant-based, sophisticated investment framework is designed to provide superior risk adjusted returns across market cycles
- Multi Factor model captures diversified signals, to ensure investment is made in the right asset at the right time
- Strong focus on risk management to protect portfolio and eliminate risks
PL’s MADP aims to generate superior returns during risk-on periods while diversifying risk during risk-off periods, enabling us to sustainably capture alpha across market cycles. It thus aims to generate superior risk-adjusted returns.
Demat account is a depository system that helps you store your shares and securities in an electronic format.
It is the process of converting the physical share certificates into an electronic form.
Log on to https://instakyc.plindia.com/ or download the PL Digi Trade Mobile app. Next, you need to fill out the basic details, like name and phone number. Ensure that when you update your mobile number, it is active and currently in use. Then enter the OTP received and fill in your KYC details. Follow the simple 3-step process to open a Demat account with PL within minutes.
A Demat account is a depository system that helps you store your shares and securities in an electronic format. It converts physical shares into electronic form, in other words Dematerialises them. From shares and securities to mutual funds and bonds, a Demat account can store all your investments in one place. This enables you to access and monitor your investments at any time. It also helps you trade in a secure, hassle-free, convenient, time-saving and cost-effective manner.
There are essentially three types of Demat accounts – Regular Demat account, Repatriable Demat account and Non-Repatriable Demat account.
After your Demat account opening, you can access it from anywhere and at any time. You can log into Demat account from your mobile phone or laptop using the unique 16-digit number assigned to you. Once you log in, you can see all your holdings and start transacting.
Yes, investors have been permitted to own and operate two or more Demat accounts. However, it must be opened using the same PAN number.
There are no charges for opening a Demat account and Trading account at PL. AMC (Annual Maintenance Charge) and Transaction charges will be applicable to your Demat account based on the scheme chosen by you.
No, there is no charge levied to open Demat account.
After submitting the required documents and details, it takes up to 48 hours for your Demat account to get activated. The activation is done as soon as the verification process of your account opening form is complete. This could be through in-person verification or through Aadhar Biometrics.
Market Linked Debentures (MLDs) are also known as structured products. They are aimed at providing targeted ROI/Payoff to investors.
It combines debt instruments with market-linked returns.
The returns are dependent on the performance of the underlying market benchmark selected by the issuer of the MLD, such as Nifty 50, Nifty 100, or 10-Year G-Sec.
MLDs can be structured to offer principal protection, making them an ideal choice for investors looking to balance safety with growth potential.
In India, recent RBI guidelines have allowed such issuance for even INR 1 lakh – versus the INR 10 lakh limit earlier.
A Market Linked Debenture (MLD) is a debt instrument where returns depend on the performance of an underlying index, such as an equity index or interest rate. Here’s a quick overview of how it works:
- Structure: You lend money to the issuer, and your returns are linked to a financial benchmark.
- Returns: At maturity, your payout is based on how the benchmark performed. If it performed well, you earn positive returns; if not, returns could be lower or zero.
- Risk & Tax Benefits: MLDs often offer capital protection and, if held for over a year, can be eligible for long-term capital gains tax, making them tax-efficient compared to traditional debt instruments.
MLDs provide market-linked growth potential with capital protection, suitable for those looking to diversify with some market exposure.
The minimum investment for off-the-shelf MLDs starts at INR 1 lakh. For custom-structured MLDs, the minimum investment is usually INR 3 crores.
Yes, MLDs are suitable for first-time investors who want market participation but prefer the safety of principal protection.
- Diversification: Access equity and debt in one product
- Higher Returns: Potentially outperform traditional fixed-income investments by capturing equity-linked returns
- Capital Protection: Enjoy a safety net with minimum return floors
- Tax Advantage: Taxed at marginal tax rate irrespective of holding period
- Customizable Structures: Tailored to meet specific risk and return goals
- Transparent Ratings: Easy risk assessment through clear credit ratings
MLDs are taxed at the marginal tax rate irrespective of holding period, under Sec 50AA of Income Tax Act.
Below are the key risks of investing in MLDs:
Market risk: The returns on MLDs are tied to the performance of an underlying market benchmark. While MLDs often come with a minimum return (floor) and a maximum return (cap), there is a risk that the actual returns could exceed the cap, limiting potential gains.
Credit risk: This risk arises from the possibility that the issuer may fail to meet its obligations to repay the principal or interest. This risk is similar to what investors face with regular corporate bonds or deposits.
Liquidity risk: MLDs may lack a robust secondary market, making it difficult for investors to sell their holdings before maturity. Given their customized nature, the full potential of MLD returns is typically realized only upon maturity.
The required documents typically include identity proof, address proof, income proof, bank statements, and property documents (for secured loans). Our team will guide you through the specific requirements based on the loan type.
The processing time varies depending on the loan type and the lender. Short-term working capital requirements with unsecured business and personal loans disbursed within just 7 days.
You can secure a home loan for up to 90% of the property value, depending on your eligibility and the property’s market value.
Yes, through our Lease Rental Discounting (LRD) product, you can leverage your rental income to secure financing. The loan amount is based on your rental receipts and the property’s market value.
Guided Investing involves having expert support and personalised insights from investment professionals to help you make informed decisions. It combines the autonomy of DIY investing with the security of professional guidance.
We provide personalised support through our expert analysts, award-winning research, and advanced tools. Our team is always available to guide you, from helping you in executing trades, and analysing market trends, to choosing the right investments as per your risk appetite and financial goals. We are always just a phone call away.
Yes, our research is seamlessly integrated into our PL DigiTrade app, allowing you to access expert insights and actionable recommendations anytime, anywhere.
Our team offers a range of support, from personalised investment advice to real-time trade execution and market analysis. We’re just a call away, ready to assist you in achieving your financial goals.
To get started, simply open an account with PL. Our team will be in touch to guide you through the process and help you tailor your investment strategy. Click Here
With our Call & Trade facility, you can place trades over the phone with the assistance of our expert team. Simply call your RM, and they will execute trades on your behalf based on your instructions.
Your Relationship Manager (RM) provides personalised advice and support tailored to your investment goals. They are available to assist you with investment decisions, portfolio management, and any other financial needs.
Opening a Demat account with PL is easy and straightforward. Simply click here to complete your KYC within minutes.
PL offers a wide range of investment options, including equities, derivatives, currencies, commodities, mutual funds, insurance, PMS, AIF, unlisted equity, SGB, and comprehensive wealth management services.
Once you open an account with PL, our research reports are available through our Digi Trade platform, where you can access in-depth analysis across equities, derivatives, and other asset classes. You can also receive research updates via email or through your Relationship Manager.
Yes, with our US investing service, you can easily invest in the US markets. You can also invest in global markets through international mutual funds and ETFs. You can also trade in global commodities and currencies with PL.
AIFs are privately pooled investment vehicles that collect funds from sophisticated investors to invest in a variety of non-traditional assets, including venture capital, private equity, hedge funds, real estate, pre-IPO, and debt instruments. AIFs are regulated by the SEBI. It’s for ultra HNI and HNI investors seeking exclusive investment opportunities for higher returns.
It is an avenue for investors to go beyond the ordinary and access opportunities not available in traditional markets to a common investor.
A Performing Credit Fund is a type of private credit vehicle that provides flexible, secured lending to companies with strong credit profiles. It focuses on delivering steady and superior returns while minimizing risk through rigorous credit evaluation and asset-backed lending.
Private credit refers to capital that private funds loan to businesses through direct lending or structured finance arrangements. In India, it is operated under the AIF mechanism and is regulated by SEBI AIF Regulations (2012).
Private credit deals are privately negotiated, and generally have flexibility in payment, security and returns and at the same time are capable of handling complexity, and focused asset management.
Category I: Invests in start-up or early-stage ventures or social ventures or SMEs or infrastructure. Includes venture capital funds, SME funds, social venture funds, infrastructure funds, angel funds
Category II: Includes private equity funds or debt funds for which no specific incentives or concessions are given by the government or any other regulator.
Category III: Includes hedge funds or funds, which trade for short term returns, or open-ended funds, for which no specific incentives or concessions are given by the government or any other regulator.
AIFs are typically suitable for ultra high-net-worth individuals (HNIs), HNIs, family offices, banks, insurance companies, corporate treasuries, and other sophisticated investors looking for higher returns and portfolio diversification.
Private credit offers higher yields, lower volatility, and unique opportunities unavailable in public markets. It provides consistent income and adds diversification to your portfolio.
Benefits of investing in AIFs include:
- Strategic diversification of your portfolio beyond just equity markets.
- Access to exclusive and unique investment opportunities.
- Potential for higher returns.
- Portfolio expertly managed by seasoned investment professionals.
- Tailored strategies aligned with your goals and risk profile.
- Opportunity to build a portfolio across asset classes while managing risk
The minimum investment amount is INR 1 crore for investors. Please contact our team for detailed information.
The tax treatment of AIFs varies based on the category of the fund. Category I and II AIFs are pass-through vehicles where income is taxed in the hands of investors. Category III AIFs are taxed at the fund level, and investors are not directly taxed on the fund’s income.
Yes, AIFs are regulated by the Securities and Exchange Board of India (SEBI). They operate under a regulatory framework designed to protect investors’ interests and ensure transparency in operations.
AIFs come in various forms, each designed to meet different investment objectives. Here’s a brief overview of some key AIF types
- Performing Credit AIFs
Focus on secured lending and investing in performing credit assets, offering steady returns by targeting companies with strong credit profiles. - Real Estate AIFs
Focus on investments in real estate projects or companies, offering opportunities for capital appreciation and rental income. - Pre-IPO AIFs
Invest in companies that are expected to go public soon, offering early access to potentially high-growth opportunities. - Private Equity AIFs
Invest in private companies, providing capital for growth, buyouts, or restructuring, with the aim of realising significant returns upon exit. - Venture Capital AIFs
Focus on investing in companies that are not yet listed on any stock exchange, often in niche or emerging sectors. - Special Situations AIFs
Target unique opportunities arising from corporate restructurings, distressed assets, or other atypical situations, aiming for significant returns by capitalising on market inefficiencies. - Equity AIFs
Invest primarily in listed equity shares, targeting capital appreciation over the long term. - Multi-Cap AIFs
Invest across companies of varying market capitalisations—large-cap, mid-cap, and small-cap—providing a diversified equity portfolio that balances growth and stability. - Multi-Asset AIFs
Allocate investments across various asset classes such as equity, debt, and real estate, offering diversification and balanced risk-adjusted returns. - Hedge Funds AIFs
Employ advanced investment strategies, including leveraging, short-selling, and derivatives trading, to generate high returns across different market conditions. - Fixed Income AIFs
Focused on generating steady returns through investments in bonds, debentures, and other debt instruments.
Yes, AIFs typically have a lock-in period that varies depending on the specific fund. This period is designed to match the investment horizon of the underlying assets and strategies. Investors should carefully consider the lock-in period before investing.
Our performing credit strategy focussing on regular income/coupon in generally senior secured investments and party equity/convertibles. The aim is to generate return mix of regular coupon and an expected limited upside thru premium.
Focus of our Performing credit strategy shall be:
- Senior secured loans but also can invest across the capital structure based on fund mandate and investee requirements. Focus on mid-market unlisted companies with track record of operating profit, in general.
- The strategy is also to provide subordinated debt to strongly performing companies with non-cyclical cash flows and high equity buffers. Such investments shall be in companies with significant enterprise value, and ability to be generate asset value/cash cover during the investment tenure. Applicable to SPVs also.
- The strategy in selected cases may generate additional returns through warrants and equity investments as part of the debt investment.
- The strategy, selectively, also focuses on incomplete syndication processes and opportunistic secondary market investments in companies and sectors that are already well known to the firm.
- The strategy focuses on performing credit rather than stressed/distressed debt and loan-to-own debt investments.
- Focus will be on downside protection and not on upside maximisation.
- Our portfolios tend to be negatively skewed, with few losses and even fewer unexpected gains.
Our investment theme is focused on investment themes such as solving for inefficient capital structure leading to temporary cashflow mismatch, providing growth capital to companies, acquisition funding, special situation funding like last-mile funding etc. The Fund could potentially invest in:
- Inefficient capital structure leading to temporary cash-flow-mismatches situations: Tailored/structured solutions for companies facing temporary cash flow mismatch situations including refinancing with tenor elongation etc.
- Growth capital to companies: Growth capital to mid-market companies which do not have access to funding from banks/other traditional financial institutions.
- Special situation funding like last-mile funding: Last-mile funding to companies requiring additional funding to complete the final leg of their CAPEX plan.
- Acquisition financing: Acquisition funding to companies looking for inorganic growth through acquisitions.
- Turnaround financing: Companies with evident turnaround in business but still non approachable to traditional financing due to ratings, capital structure and other reasons.
- Stake Consolidation: Promoter funding for consolidation of stake in listed/unlisted companies.
- Mezzanine Structures: Holdco investment structures for part promoter contribution in Opco, stake buyout etc.
MTF enables you to increase your buying power in the stock market. Instead of paying the full transaction value upfront, you pay only a fraction as “margin.” The margin percentage required can vary based on factors like risk and the current value of your portfolio. The remaining amount is loaned to you by PL at a pre-determined interest rate, giving you the advantage of holding larger positions and enhancing your investment opportunities. Simply convert the position into delivery by paying back the debit whenever you feel like, and the interest payment stops.
When using MTF, you only need to pay the margin (a portion of the total transaction value), and PL lends you the remaining funds. You can hold these positions for extended periods, converting them into delivery by settling the debit whenever needed.
MTF enhances your trading power by 4x the value of the pledged collateral, enables you to hold on to debit positions for up to a year, and ensures that you never miss an opportunity in the market.
Since MTF is a leveraged product, it amplifies both profits and losses. However, it’s definitely a better way to leverage instead of derivatives for multiple reasons. This includes the fact that at the end of the day, you have bought Group 1 securities in delivery. Ensure that you maintain adequate margin levels and ensure timely pledging of shares to avoid position square-offs.
You can activate MTF through the PL DigiTrade app, client login, or by completing a physical sign-up via our offices.
Interest rates for MTF vary based on market conditions and the terms set by PL. Our team will guide you through the specifics when you apply.
We maintain strict adherence to regulations and industry best practices to ensure the confidentiality and security of your family’s wealth. Our processes are designed to protect your assets and personal information at every stage of our relationship.
With PL, you benefit from customised solutions, expert guidance from seasoned professionals, proactive management, access to exclusive opportunities, and a single point of contact for all your needs.
In addition to investment and wealth management, we offer investment banking, corporate restructuring, tax, legal, and regulatory advisory, and lending solutions. We also help set up family offices, trusts, and in succession planning.
We take a highly personalised approach, understanding that each family office has unique needs. Our services are designed to align with your family’s values, goals, and long-term vision, ensuring a bespoke solution that preserves and enhances your wealth across generations.
We work closely with your family to develop a comprehensive legacy and succession plan that ensures a smooth transition of wealth and preserves your family’s values and influence. This includes family governance, estate planning, and the establishment of trusts or foundations.
ND PMS allows you to retain full control over your investments. Our experts provide in-depth research and investment recommendations, but the final decision on whether to proceed remains with you.
This service is ideal for investors who want high-risk, high-return investment opportunities. The minimum investment is ₹ 5 crores with a minimum investment horizon of 1+ year. The risk appetite should be high and liquidity needs should be at the time of trade settlement.
In a discretionary PMS, the fund manager independently makes investment decisions and manages the funds of the client. Whereas, in a Non-Discretionary PMS, the client has complete control on whether he/she wants to participate in the investment opportunity presented.
ND PMS combines the best of both worlds—your control over investment decisions with the expertise of a dedicated team of professionals. You gain access to tailored strategies, real-time market insights, and high-return opportunities.
Yes, the minimum investment varies based on the specific investment opportunity. Please contact our team for detailed information.
Returns generated through ND PMS are subject to capital gains tax. Long-term and short-term capital gains are taxed according to applicable laws.
AIFs are privately pooled investment vehicles that collect funds from sophisticated investors to invest in a variety of non-traditional assets, including venture capital, private equity, hedge funds, real estate, pre-IPO, and debt instruments. AIFs are regulated by the SEBI. It’s for ultra HNI and HNI investors seeking exclusive investment opportunities for higher returns.
It is an avenue for investors to go beyond the ordinary and access opportunities not available in traditional markets to a common investor.
AIFs are typically suitable for ultra high-net-worth individuals (HNIs), HNIs, family offices, banks, insurance companies, corporate treasuries, and other sophisticated investors looking for higher returns and portfolio diversification.
Benefits of investing in AIFs include:
- Strategic diversification of your portfolio beyond just equity markets.
- Access to exclusive and unique investment opportunities.
- Potential for higher returns.
- Portfolio expertly managed by seasoned investment professionals.
- Tailored strategies aligned with your goals and risk profile.
- Opportunity to build a portfolio across asset classes while managing risk
The minimum investment amount is INR 1 crore for investors. Please contact our team for detailed information.
The tax treatment of AIFs varies based on the category of the fund. Category I and II AIFs are pass-through vehicles where income is taxed in the hands of investors. Category III AIFs are taxed at the fund level, and investors are not directly taxed on the fund’s income.
Yes, AIFs are regulated by the Securities and Exchange Board of India (SEBI). They operate under a regulatory framework designed to protect investors’ interests and ensure transparency in operations.
AIFs come in various forms, each designed to meet different investment objectives. Here’s a brief overview of some key AIF types
- Performing Credit AIFs
Focus on secured lending and investing in performing credit assets, offering steady returns by targeting companies with strong credit profiles. - Real Estate AIFs
Focus on investments in real estate projects or companies, offering opportunities for capital appreciation and rental income. - Pre-IPO AIFs
Invest in companies that are expected to go public soon, offering early access to potentially high-growth opportunities. - Private Equity AIFs
Invest in private companies, providing capital for growth, buyouts, or restructuring, with the aim of realising significant returns upon exit. - Venture Capital AIFs
Focus on investing in companies that are not yet listed on any stock exchange, often in niche or emerging sectors. - Special Situations AIFs
Target unique opportunities arising from corporate restructurings, distressed assets, or other atypical situations, aiming for significant returns by capitalising on market inefficiencies. - Equity AIFs
Invest primarily in listed equity shares, targeting capital appreciation over the long term. - Multi-Cap AIFs
Invest across companies of varying market capitalisations—large-cap, mid-cap, and small-cap—providing a diversified equity portfolio that balances growth and stability. - Multi-Asset AIFs
Allocate investments across various asset classes such as equity, debt, and real estate, offering diversification and balanced risk-adjusted returns. - Hedge Funds AIFs
Employ advanced investment strategies, including leveraging, short-selling, and derivatives trading, to generate high returns across different market conditions. - Fixed Income AIFs
Focused on generating steady returns through investments in bonds, debentures, and other debt instruments.
Yes, AIFs typically have a lock-in period that varies depending on the specific fund. This period is designed to match the investment horizon of the underlying assets and strategies. Investors should carefully consider the lock-in period before investing.
Portfolio Management Services (PMS) is a professionally managed investment service offered by experienced investment experts. It aims to create, manage and grow your wealth based on your financial goals by constructing a portfolio of stocks, bonds, gold etc
Portfolio Management Services can be broadly divided into three types based on who controls the trasanction:
Discretionary PMS: the fund manager is authorized to make investment decisions on your behalf i.e. the client’s behalf.
Non-discretionary PMS: the authority to make the investment lies with you, i.e. the client. The fund manager can only provide suggestions and make the investment after the client’s approval.
Discretionary PMS is managed entirely by the portfolio manager. Here, the portfolio manager can make and execute decisions without the prior consent of the client (i.e the investor).
In a non-discretionary PMS, the portfolio manager can recommend changes based on his / her analysis, however, client’s consent is required to execute the change.
To simplify it further:
| Who makes the buy / sell recommendations? | Prior investor consent required? | Who executes the transactions? | |
| Discretionary PMS | Portfolio Manager | No | Portfolio Manager |
| Non – Discretionary PMS | Portfolio Manager | Yes | Portfolio Manager |
As per SEBI regulations, ₹50 lakhs is the minimum investment amount to be eligible for PMS services.
To get started with investing in PL’s Portfolio Management Services, you need to fill out a client registration form. You will also need to provide a set of documents such as PAN card, address proof, identity proof and bank account details to open a demat account. We can help you do all of it easily, get in touch with us here.
Yes, NRIs can invest in PL’s PMS through NRE or NRO account.
PMS is generally designed for high-net-worth individuals (HNIs) and other investors seeking bespoke portfolio management.
PMS offers personalized investment strategies, active portfolio management, and access to exclusive investment opportunities, ensuring a tailored approach to wealth management.
Risk is managed through continuous monitoring, asset diversification, and strategic rebalancing, ensuring that portfolios remain aligned with your risk tolerance and market conditions.
The returns generated by PMS are taxable based on the type of assets held. Long-term and short-term capital gains, as well as dividends, are subject to applicable tax laws.
Yes, PMS is regulated by the Securities and Exchange Board of India (SEBI) to ensure transparency and protect investors’ interests.
PMS could or could not have a lock-in period, but investors are encouraged to maintain a long-term horizon to fully realize the benefits of portfolio management.
A mutual fund is an investment scheme that pools money from many investors. These funds are then invested in stocks, bonds, gold, or any combination of these by a professional fund manager. The aim is to generate superior returns than the benchmark.
Mutual funds are easy to invest in, liquid, low cost and regulated by the SEBI.
There are two ways of investing in mutual funds: via a systematic investment plan (SIP) or investing through a one-time lumpsum method.
SIP approach allows you to invest a fixed amount at fixed intervals. Lumpsum investment approach refers to one – time investment of substantial amounts of money in a single transaction.
The primary difference between the two is that, in a lumpsum you have to invest the whole amount in one go, whereas in an SIP, you can invest in a mutual fund at fixed intervals such as monthly or quarterly SIP.
Mutual funds are the easiest way to get started on your wealth creation journey. It helps you benefit from the power of compounding – by investing regularly – and generate better risk adjusted returns in the long run.
Every mutual fund works around certain investment objectives. The fund manager makes investment decisions and allocates funds between stocks / sectors / asset classes in line with the objective of the fund.
By investing in mutual funds with PL, you get access to in-depth research on top performing funds as well as personalised advisory from qualified experts. Our experts can help you plan your investments as per your goals like travel, college fund, taking a trip or buying a house, and as per your risk appetite. You can invest in mutual funds through our online app, DigiMF, offline (branches) modes, or avail our call and invest facility. For more details on MF services, write to mfss@plindia.com.
First, you need to determine your investment objective, risk appetite and investment tenure. A financial advisor is the right person to help do this for you.
With PL, you have the option to DIY (research and invest on your own) as well as get complete handholding. Our experts understand your risk appetite investment needs, and help you choose the right mutual funds for your portfolio. You also get access to a comprehensive product suite under one roof. We have the expertise to offer tailored solutions to address every financial need and power your wealth creation journey.
For tax purposes, mutual funds are segregated into equity-oriented and debt-oriented schemes. If the investment made in equity-oriented mutual funds is for less than 12 months, you have to pay 15% tax on returns. For any duration exceeding that, you will have to pay 10% on gains exceeding ₹1 lakh. Returns on debt funds will be taxed as per your income tax slab.
You should invest in mutual funds for the following benefits:
- Power of compounding gives you an opportunity to convert your savings into wealth
- Wide variety of schemes to choose from, and flexibility in investment amount and tenure
- Highly accessible
- Better liquidity than fixed deposits
- Benefit of professional fund managers taking care of your investments
- No need to worry about timing the market
- Better risk-adjusted returns in the long run
- Diversification
Based on the asset classes in which they invest in, mutual funds in India are categorized into:
- Equity mutual funds
- Debt mutual funds
- Hybrid mutual funds
- Solution oriented mutual funds – for retirement and children
- Other mutual funds – index funds, ETFs and fund of funds
Based on organization structure – they are also categorized as open-ended and close-ended schemes. In the former, the units can be bought or sold any time. In the latter, the units can only be bought during their launch and redeemed after a fixed tenure.
Based on management style, mutual funds are divided into active and passive.
In each category, PL offers a wide variety of schemes that you can choose from, based on your risk profile and investment horizon.
We have tie-ups with all the top AMCs, thereby providing you with a diverse range of options to choose from. We have 40+ fund partners and offer schemes ranging from large, mid and small cap, to sectoral and thematic funds. Our experts understand your risk appetite investment needs, and help you choose the right mutual funds for your portfolio.
You can invest in mutual funds through our online mutual fund platform, DigiMF (web/app), offline (branches) modes, or through our call and invest facility.
To invest online, follow these 3 simple steps:
1. Open an account with PL
2. Fill out the risk profiler-cum-asset allocation questionnaire
3. Select a fund that aligns with your financial goal, risk appetite and investment horizon
Write to mfss@plindia.com or visit your nearest branch for more details.
Enhance your mutual fund investment experience with PL DigiMF app, a one-stop solution for all your mutual fund investment needs. With DigiMF, you can:
- Track MF investments: View mutual fund reports like portfolio performance reports, capital gains report, dividend report and many more.
- View Mutual fund online transactions: Purchase, redemption, SIP, STP & SWP
For more details on MF services, write to mfss@plindia.com
Need Assistance? Contact
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Wealth management is a holistic approach to managing an individual’s or family’s money with the goal to maximizing wealth, preserving wealth and assets and achieving financial goals.
Wealth managers conduct an in-depth analysis of your current financial situation, identifying your goals, risk appetite, investment horizon and creating a personalised comprehensive plan to achieve them. It goes beyond simple investment advice and encompasses a wide range of services, including investment management, tax planning, estate planning, risk management and more.
Opening a private wealth account offers several benefits such as :
- Customized investment solutions
- Personalized service and dedicated support
- Comprehensive approach to wealth management
- Access to exclusive products and services
- Confidentiality and privacy
Over the past 8 decades, PL has gained deep expertise and experience in managing and growing the client’s wealth.
Wealth management encompasses a wide range of services, including investment management, tax planning, estate planning, risk management and more. Whether you’re seeking mutual funds, PMS, AIFs, insurance, fixed deposits, bonds, SGBs, international investments, unlisted equities, or loan facilities, access it all under one roof with our comprehensive product suite.
- Direct Equity & IPO – Make the right investments with our specialised research desks
- Mutual Funds: We have a dedicated MF desk, because we know selecting the right mutual fund is difficult. Get access to 44+ fund houses, 36 different MF categories, 2500+ schemes with PL.
- PMS: Through strategic tie-ups and our in-house Quant-based PMS strategies, we provide access to industry-leading PMS funds.
- AIF: Diversify your investment portfolio with leading AIFs across Long & Short, Private Credit, and Multi Cap categories.
- Insurance: Access a wide range of insurance policies across general, health, and life and get guidance in choosing the best policy based on your needs.
- FDs, Bonds, SGBs: Access the top corporate fixed deposits, bonds, SGBs, and other fixed income instruments.
- PL Vested: Diversify your portfolio by investing in a wide range of US stocks and take advantage of global investment opportunities.
- Unlisted Equities: Participate in high-growth ideas at an early stage with our Unlisted Equities, ranging from big brands to fast growing start-ups.
- Loan Against Shares – Leverage existing holdings to access credit solutions
You can write to us at wealth@plindia.com or call us on +91-8828839802
Wealth management services are essential for several reasons:
#1 Holistic Financial Planning: Access to experts who ensure that all aspects of your wealth are aligned with your long-term goals and financial aspirations.
#2 Customised Strategies: Get personalised strategies that are tailored to your risk tolerance, time horizon, and financial objectives.
#3 Expert Advice and Guidance: Seasoned professionals help you make informed decisions and meet your financial goals effectively.
#4 Risk Management and Diversification: Employ strategies to mitigate risk by diversifying your investments across different asset classes and geographies.
#5 Time Saving: You can stop worrying about managing your finances. Qualified professionals will handle your portfolio and ensure that you meet your investment objectives.
#6 Legacy Planning and Wealth Transfer: By working with wealth managers, you can create a plan to preserve and transfer your wealth through estate planning and wealth transfer strategies.
Unlisted shares or unlisted stocks are the shares of a company that is not listed on the stock exchanges and these shares are not publicly traded. They could be available to purchase or sell in the secondary market.
Your stocks are held in your CDSL or NSDL Demat Accounts. If you don’t have one, open a demat account here
Yes, an NRI can buy unlisted shares, only from NRO NON-PIS account.
- Startup Equity: Equity ownership in early-stage startups that have not yet gone public or been listed on a stock exchange. Startup equity is often held by founders, employees, and angel investors.
- Pre-IPO Shares: Shares of a company that are available for purchase before the company conducts an initial public offering (IPO) and becomes publicly traded.
- Employee Stock Options Plans (ESOPs): Equity compensation granted to employees in the form of stock options in their employer’s company. ESOP
- Secondary Market Transactions: Transactions involving the buying and selling of shares in privately held companies on secondary markets or private exchange.
Investors can buy unlisted shares through PL. Get the best price and recommendations on the right unlisted shares to invest in with PL’s research-backed guidance. To get started, email unlistedshares@plindia.com or request a call here
Unlisted shares in India can be bought through qualified intermediaries like PL. With PL, you can get access to expert guidance on the right unlisted shares to invest in. To get started, email unlistedshares@plindia.com or request a call here
You can buy and sell unlisted shares through a registered financial intermediary like PL. To get started, email unlistedshares@plindia.com or request a call here
You can buy and sell unlisted shares through a registered financial intermediary like PL. To get started, email unlistedshares@plindia.com or request a call here
To learn algo trading, you can start by studying financial markets and trading concepts. You should also practice by back-testing and implementing algorithms in simulated or paper trading environments, before you start trading in live markets.
RoboTrade provides great flexibility as it can be used anywhere, anytime. It also improves reliability by using high-end AWS servers with ultra-low latency and super-high speeds to manage your trading account and execute trades.
PL clients can start using Alphaniti by visiting https://www.alphaniti.com/pl/ and logging in using their PL account credentials.
Value Stocks is an investment advisory app and website that aims to help investors invest in the right stocks. Its recommended stock portfolio strategies aim to help investors overcome greed and fear and potentially generate alpha across all market conditions.
Value Stocks offers Stock Research, Stock Screeners, Portfolio Strategies, and Real-Time Market Data. It also provides 24*7 tracking of investments with active & strict monitoring for changes in earnings & quality outlook.
PL clients can start using Value Stocks by visiting https://pl.valuestocks.in/ , completing the necessary registration process, and investing in the preferred portfolio.
It is a premier destination for cutting-edge option trading analytics and insights.
Alphaniti products are built on Mathematical/ Statistical models. These performance focused baskets follow a rule-based and periodic/ dynamic rebalancing. This is based on intense research that combines Fundamental & Quant based Big data & Alternates.
To start using RoboTrade, simply visit https://robotrade.tech/pllogin and log in using your PL account
InstaOptions is designed to empower traders with the tools and information needed to make informed decisions in the dynamic world of options trading. It offers user-friendly screens with OI Analysis, speedy execution, and unique charts for trade analysis such as Combined Premium Chart and Trending OI.
If you are a PL client, then you can start using InstaOptions by visiting https://pl.instaoptions.in/login and login using your PL account.
Algorithmic trading, also known as algo trading, is the process of using computer algorithms to automatically execute trading orders in financial markets. It involves the use of pre-programmed instructions to analyse market conditions, identify trading opportunities, and execute trades without human intervention.
Yes, algo trading has the potential to be profitable as it provides improved speed, efficiency, and accuracy in trading. But the success of algo trading relies on several key factors, including the trading strategy’s efficacy, prevailing market conditions, and the risk management practices put in place. Traders should hence monitor, refine, and adapt the strategy to ensure consistent returns.
PL clients can start algotrading through our strategic partnerships with leading platforms including Alphaniti, InstaOptions, Value Stocks, and Robo Trade.
- Alphaniti – creates stock baskets using a data driven, rule based and tech led investment platform
- InstaOptions – offers cutting-edge option trading analytics and insights
- Value Stocks – provides strategies and stock lists based on predictive analytics and powered by Artificial Intelligence
- Robo Trade – uses advanced APIs to connect various trading platforms, analytical tools, and programming languages with your Trading Account
Some of the popular algotrading strategies are trend following, breakout, mean revision, momentum trading, volume weighted average price, risk-on / risk off. To learn more, get in touch with our expert team.
Yes, algo trading is legal in India.
Algo trading relies on sophisticated mathematical models and statistical analysis to make trading decisions. These algorithms are designed to take into account various factors such as price movements, volume, timing, and other relevant market data.
A fixed deposit, commonly known as FD or term deposit, is an investment avenue offered by banks, NBFCs and corporates. It enables investors to deposit a lump sum amount for a predetermined period at a fixed interest rate.
Through a FD, you lock in your funds for a specified duration and earn interest on the deposited amount.
The FDs are also available for various time frames, ranging from short term tenures of a few days to long term options spanning up to 10 years. The interest rate is predetermined by the financial institution, based on the chosen tenure.
Upon maturity, the principal amount is returned to the investor. Additionally, the interest accrued can be disbursed periodically, including monthly, quarterly, half – yearly or annually, as per investor preference.
Fixed deposits offer a secure and reliable investment avenue, providing investors with the flexibility to tailor their investment tenure and enjoy steady returns over the investment period.
Documents required to open an FD:
• Passport-sized photo
• KYC documents
The documents vary, based on the category of investor.
For individuals
• PAN card
• Aadhaar card
• Passport
• Driving license
• Voter’s ID
Partnership proofs
• Incorporation certificate
• Authorized signatories ID proofs and signatures
• Partnership deed
Hindu undivided family
• Self-attested PAN card
• HUF declaration deed
• HUF’s bank statement
Trust/associations/clubs
• Trust deed and registration certificate
• Resolution of trustees which authorises the concerned member / members to open as well as operate the account
The minimum and maximum deposit amounts vary depending on the financial institution and the specific FD scheme. Typically, banks and NBFCs set minimum deposit amounts ranging from as low as ₹1,000 to ₹25,000, while there may not be a maximum limit for deposit amounts.
To initiate an FD, ensure you meet the basic eligibility criteria and have your KYC documents ready. Our experts at PL are here to assist you throughout the process.
With PL, you can invest in FD’s in 3 simple steps
- Receive expert guidance:
– Consult our investment expert for the best FD recommendations tailored to your financial goals
- Select your preferred FD
– Choose from a range of fixed deposit options, each designed to offer competitive returns and flexibility to suit your investment needs.
- Effortless payment processing
– Complete your investment seamlessly while we handle all paperwork
Reach out to us at wealth@plindia.com to invest in a FD.
There are primarily two types of Fixed Deposits – Cumulative FDs and Non – Cumulative FDs.
Cumulative Fixed Deposits:
In cumulative FDs, the interest earned is reinvested in the FD account at regular intervals (usually quarterly or annually), leading to compounding of interest. The maturity amount includes both the principal and accumulated interest.
Non – Cumulative Fixed Deposits:
Unlike cumulative FDs, non-cumulative FDs pay out interest earnings periodically, either monthly, quarterly, half-yearly, or annually, depending on the investor’s preference. The investor does not enjoy compounding benefits here.
Income from the interest of fixed deposits is taxable as per the Income Tax Act,1961.
The interest from FDs is added to the investor’s total income and is taxed as per the applicable income tax slab rate.
Investors can avail deduction of up to INR 1.5 lakh for their investment in an FD under Section 80C of the Income Tax Act. This deduction is the principal amount invested in Tax – Saver FDs.
A fixed deposit functions like a loan given by the investor to a bank or NBFC or corporate. When you opt for a FD, you are essentially lending money to the institution. In return, the institution promises to repay the principal amount along with interest at the end of the agreed-upon tenure, known as the maturity period. Meanwhile, the institution utilizes these funds to extend loans to other borrowers, charging them interest. A portion of the interest earned from these loans is then passed on to you as the investor.
Fixed deposits enable you to earn higher interest on the surplus funds in your savings account. FDs enable you to invest a lumpsum amount for a specific tenure and pre-determined interest rate.
The FD interest you receive depends on the amount you invest as well as the tenure of investment. Different banks and NBFCs have pre-determined interest rates based on the duration.
The interest accrued on a fixed deposit depends on the invested amount, the offered interest rate and the investment duration. The fundamental formula for calculation FD interest is:
Interest on FD = Amount Invested X Interest Rate X (Duration / 12 months)
However, the output will depend on whether you opt for a cumulative FD or non-cumulative FD. A cumulative FD is one where you will not receive the interest every year, but will receive it at the time of maturity. A non-cumulative FD is one where you will receive the interest annually.
For instance, suppose you invest ₹1,00,000 for 3 years at an interest rate of 7.5% per annum. In a cumulative FD scenario, the maturity value would be ₹1,23,438.
| Year | Principal Amount | Interest Earned at 7.5% p.a. | Amount at the End of Year |
| 1 | ₹1,00,000 | ₹7,500 | ₹1,07,500 |
| 2 | ₹1,07,500 | ₹8,063 | ₹1,15,563 |
| 3 | ₹1,15,563 | ₹8,668 | ₹1,24,231 |
On the other hand, non-cumulative FDs pay out interest periodically, lacking the compounding effect. Additionally, their interest rates typically trail those of cumulative FDs.
You are eligible to invest in FDs if you fall under the following categories:
- Resident of India
- Non- resident Indian (NRI)
- Senior Citizen
- Minor
- Hindu Undivided Families (HUF)
- Sole proprietorship firms
- Trust accounts
- Limited companies
- Partnership firms
Investment Banking is a type of financial service that focuses on facilitating relatively complex financial transactions like initial public offerings (IPO), mergers and acquisitions, buybacks, delisting, qualified institutional placements, open offers and other strategic transactions for companies.
Investment Banks provide advisory services and execute transactions to help clients achieve their strategic and financial objectives.
As an Investment bank, PL provides services like
- Fundraising – venture capital, private equity, IPOs, FPOs, QIP and right issues
- Other transactions – open offer, delisting, buybacks
- Mergers & acquisitions – identify target/buyer, negotiate value and deal, acquisition funding
Investment bankers acts as a bridge between companies and other financial market participants.
Their primary roles include:
- Advisory Services: Investment bankers offer strategic advice on mergers and acquisitions (M&A), divestitures, and other corporate transactions. They assess the financial implications of various options and help clients navigate complex deal structures.
- Capital Raising: Investment bankers help companies raise capital through debt and equity markets. This includes initial public offerings (IPOs), secondary offerings, private placements, and debt issuances. They assist in structuring the offering, pricing the securities, and marketing them to investors.
- Financial Analysis: Investment bankers conduct detailed financial analysis to evaluate the financial health and performance of companies. This includes analyzing financial statements, conducting valuation assessments, and assessing the impact of potential transactions on shareholder value.
- Transaction Execution: Investment bankers play a crucial role in executing transactions, including negotiating deal terms, conducting due diligence, and coordinating with legal and regulatory advisors. They work closely with clients to ensure that transactions are completed efficiently and in accordance with applicable regulations.
- Market Research: Investment bankers conduct market research to identify potential opportunities and risks for clients. They analyze industry trends, competitive dynamics, and market conditions to provide insights that inform strategic decision-making.
Overall, investment bankers act as trusted advisors to their clients, providing strategic guidance and execution expertise to help them achieve their financial objectives.
Whether working with small start-ups or large MNC’s, investment bankers leverage their knowledge of capital markets to create value for both investors and companies alike.
Stock Analysts conduct in-depth research and analysis on publicly listed companies, industries, market trends, and the economic indicators to provide valuable insights and recommendations for investors. For this, stock analysts can use different types of research, including fundamental, technical, and quantitative analysis.
They evaluate financial statements, assess business models, technical indicators and charts to provide insights into the potential performance and valuation of stocks. Ultimately, their goal is to help investors make informed and data-backed decisions by identifying investment opportunities and risks in the stock market.
To research the share market, or individual stocks, different methods of research can be used such as fundamental, technical or quantitative research.
You can also combine different research styles and make informed investment and trading decisions to navigate the complexities of the share market.
- Fundamental Analysis: This involves analyzing a company’s financial statements, such as revenue, earnings, and cash flow, to assess the intrinsic value of a stock. You can also evaluate factors like industry trends, competitive positioning, and management quality to gauge a company’s long-term valuation.
- Technical Analysis: Here, you study past price and volume data to identify patterns and trends that may indicate future price movements. Charts and technical indicators are used to make predictions about stock behavior and timing entry and exit points.
- Quantitative Analysis: Here, you can use mathematical models and statistical techniques to analyze large datasets and identify opportunities. Algorithms can be developed that automatically execute trades based on predefined criteria.
Over and above this, analyzing economic factors such as interest rates, inflation and geopolitical events is crucial to assess the overall market sentiment and its impact on stock prices.
After becoming a PL client, you get access to all types of research and calls including fundamental, technical, commodities, currencies and derivatives for free.
We pride ourselves on our research and are voted as one of the best equity research houses in India. With access to PL’s research across various asset classes, investors can gain a competitive edge with superior performance.
As a beginner, you can start by studying the financial statements of a listed company. These are easily available online and will give you a fair idea of its performance. Use free online resources and stock screeners to identify potential investment opportunities. You should also seek guidance from experienced investors or financial advisors who can provide personalized advice and guidance based on your financial goals and risk tolerance.
If you wish to avoid the hassle, you can open an account with PL and as a PL client, you will also get access to our detailed fundamental and technical research reports. These reports will help you make informed investments.
PL is one of the best equity research houses in India. We have 8 decades of experience in navigating the Indian and global markets. We have the expertise to distinguish what will work and what may not. It is this ability and our perspective that our clients value us for. With our research, investors can gain a competitive edge, minimise risks, and achieve their financial goals effectively.
When analysing stocks, you can rely on fundamental, technical, and/or quantitative analysis. Research thoroughly and evaluate your own risk appetite, financial goals and investment horizon before you make any investments. You should also seek research-backed advice from PL’s qualified experts, when analysing stocks to buy.
Currency Trading, also known as Forex Trading, involves the buying and selling of different currencies.
In the forex market, currencies are traded in pairs.
It is the simultaneous buy or sell of one currency against the other i.e. traders buy one currency while selling the other.
Eg. In order to buy dollars, one would have sell their Indian rupees.
Like stock trading, currencies trading in India takes place via exchanges. In India, currency trading occurs through the derivatives segment. Currency futures and options are traded on exchanges like the NSE, BSE, and MCX.
To trade in currencies, you can open a trading account with PL. The benefit of trading in currencies with PL is that you get access to PL’s award-winning research reports and calls.
You can also download our online trading app, PL DigiTrade, and start trading in currencies.
Currency trading in India is regulated by the SEBI (Securities and Exchange Board of India).
Yes, currency trading is legal in India.
Like the stock markets in India, currency trading is regulated by the SEBI.
Since, forex transactions are involved, the RBI also governs the currency market.
Currency trading has the potential to generate great returns. You can reap the following benefits by trading in the currency market:
- Diversification since they have lower correlation with equities
- High liquidity as the market is large and global and operates round the clock
- Solid leverage as foreign exchange brokers allow traders to borrow against a small amount of capital, thereby offering a chance to open a high position.
Currency derivatives are future and options contracts, through which you can buy or sell a specific quantity of a particular currency pair at a future date.
It is similar to the stock futures and options. The difference is that the underlying asset here is the currency pair (ie, USD/INR, EUR/INR, JPY/INR or GBP/INR) instead of stocks. For example, as a currency trader, if you believe the rupee will increase in value, then you buy dollars with rupees.
Alternatively, if you believe the dollar will appreciate further, then you buy rupees with dollar. If the exchange rate fluctuates as per your trade, then you will make a profit.
The currency market is where currencies of different countries are traded. It is also known as the forex market. Currency Market is touted to be one of the largest financial markets in the world. The currency market is highly liquid and dynamic. It enables traders to speculate on the value of one currency against another. Based on this, they buy and sell national currencies in approved pairs.
This market has a diverse range of participants, including hedge funds, banks, central banks (like the RBI in India), corporations and investors. As a result, the trade volumes are high.
In India, currency trading occurs through the derivatives segment.
There are 7 permitted pairs for currency trading in India: USD/INR, EUR/INR, JPY/INR, GBP/INR, EUR/USD, GBP/USD, and USD/JPY.
In this pair, the first currency is called the base currency and the second is the quote currency. The base currency is always fixed to 1 unit of that currency. Quote denotes the amount of this currency you need, in order to buy 1 unit of the base currency. This shows the value of the quote currency against the base currency.
Traders aim to benefit from the fluctuation in the value of these currency pairs. Currency fluctuations occur due to a broad range of factors, including macroeconomic and geopolitical factors as well as inflation outlook, interest rate differential, and so on.
To trade in currencies, you can open a trading account with PL. Once your account is active, you can start trading.
Make sure you understand the risks and accordingly trade in currencies.
The benefit of trading in currencies with PL is that you get access to PL’s award-winning research reports and calls. Our industry leading analysts publish reports on market trends in the short and long term after analysing local and global factors impacting currencies. PL also provides dedicated relationship managers (RMs) along with the convenient call and trade facility. You can also trade online, with PL’s DigiTrade app. Write to currency@plindia.com for more information on PL’s currency services or account opening.
The currency market in India offers an attractive investment opportunity.
Complete your KYC and open a trading account with a PL to get started.
Here are the necessary steps investors must follow:
• Get a PAN card
• Open a trading account with PL and complete KYC
• Understand the market, exchange rates, factors that impact it, different trading strategies, etc
• Understand your own risk appetite, investment horizon and goals
• Once you start trading, always stay informed
PL provides expert research calls and reports as well as personalised guidance to help you in trading in currencies
For hedgers and currency-based entities, we provide the following services:
• Customised solutions and advice as per specific requirement for hedging in currencies.
• Robust automated risk management system with state-of-the-art infrastructure
• Reports on market trends in the short and long term after analysing local and global factors impacting prices
• Brand and corporate parentage
• Investment plan for large clients, who want to invest in currencies
An institutional investor is a company or organization that invests money on behalf of clients or members. A mutual fund, an insurance company, a hedge fund, a private equity fund are few examples of institutional investors.
Institutional equities is a business division of a brokerage house which serves institutional clients like mutual funds, insurance companies, hedge funds, etc.
The institutional research desk provides in-depth research and analysis of publicly traded companies. Institutional equities traders facilitate the buying and selling of these stocks on behalf of their clients.
Overall, it helps institutions make informed investment decisions and manage their equity portfolios efficiently.
Under Institutional Equities, PL enables its institutional clients to invest in the markets with the help of its value-added research, meaningful corporate access and customised sales and trading support.
Commodity trading involves the buying and selling of various commodities and their derivative products.
Commodities are the raw materials or resources which are used for consumption or used to produce refined goods. They are divided into 2 broad categories:
- Soft commodities: commodities with a limited shelf life mainly agricultural commodities like wheat, soybean, cotton, corn etc
- Hard commodities: commodities which are natural resources like metals, crude oil, etc
In India, these commodities are primarily traded on exchanges like MCX, NCDEX, ICEX, among others.
Like stock trading, commodities trading in India takes place via exchanges. The two primary exchanges are MCX (Multi Commodity Exchange) and NCDEX (National Commodity & Derivatives Exchange).
Market participants can buy or sell various commodities at the current or future date.
Commodity market participants include producers, consumers, traders, speculators and investors. Producers and consumers of commodities use the market to hedge against price fluctuations, while traders and speculators aim to profit from price movements. Investors include those looking to diversify their portfolios with commodities.
Traders or investors can place their buy or sell orders through registered brokers like PL and use our online trading app, PL DigiTrade for it.
The primary instrument for trading in commodities in India is futures contracts. These contracts specify the quantity, quality, and delivery date of the commodity. Unlike the spot market, where physical delivery takes place immediately, futures contracts allow for trading with the intention of settling at a later date.
Commodity trading in India is regulated by the SEBI (Securities and Exchange Board of India).
To start trading in commodities, you need to open a demat and trading account with a SEBI-registered broker like PL and activate the derivatives trading segment. You can start trading in derivatives within minutes by opening an account with PL. Open demat account here.
Major commodities can be classified into:
- Agri commodities: cotton, coffee, soybean, wheat, rubber, sugar, corn, pulses, spices, etc
- Energy: crude oil, natural gas
- Bullion: gold, silver
- Base metals: copper, aluminium, zinc, brass, iron, etc
MCX stands for the Multi Commodity Exchange of India Limited. It is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management.
It is the leader in the trading of metals and energy commodities.
NCDEX stands for the National Commodity and Derivatives Exchange, primarily dealing in trading of agricultural commodities.
Compared to stock markets, commodity markets follow a different schedule, and trading hours vary depending on the commodity being traded and the exchange it’s being traded on.
MCX timings:
Operational from Monday to Friday –
- Morning session: 9:00 am to 5:00 pm
- Evening session: 5:00 pm to 11:30 pm (11:55 pm on account of daylight savings in the US usually between November – March)
- Agri commodities are available for trading until 5:00 pm, however some internationally linked agri commodities can be traded from 5:00 pm to 9:00pm
- Bullion, metals and energy commodities are available upto 11:30 pm / 11:55 pm
- Markets are closed on Saturday, Sunday and certain trading holidays declared by the exchanges on their website.
NCDEX market timings:
All commodities:
Monday to Friday – 10:00 am to 5:00 pm
Please note the above are general rules which are subject to change. Also, different commodities could have different timings, hence it is advisable to check the specific trading hours for the commodity you want to trade in on the exchange’s website.
Standard ID proof, address proof, bank details, income proof and signature proof:
- PAN
- Aadhar card / Passport / driver’s license
- Bank statements / cancelled cheque / passbook
- Bank account statements of last 6 months / 3 months salary slips or ITR
- Signature of plain white paper
Open a commodity trading account with PL easily, click here to get started.
You can then start trading in commodities derivatives within minutes.
For any personalized solutions, you can also reach out to us:
commodities@plindia.com
Sub Broker and Authorised Partner are two different categories of intermediaries which co-existed until the former was discontinued. Difference between Stock Broker and AP is that the Stock Broker is a SEBI registered intermediary having membership rights with Stock Exchange whereas, an AP is merely an agent of the Stock Broker who is responsible for introducing clients to the Stock Broker and servicing these clients. The Stock Broker is ultimately responsible for all acts and omissions of the AP.
A Franchisee Partner typically earns a share of brokerage on each trade transacted by their clients and also earns commissions on other products and services provided to their clients. A Partner can also earn referral incentives, for getting more like-minded entrepreneurs to PL as Authorized Persons.
At PL, offers one of the best revenue sharing models in the industry and comprehensive range of products and services, Our wide basket of financial solutions range from equity, derivatives, currency, commodities, mutual funds, insurance, unlisted shares to PMS and AIFs. This allows our partners to serve their clients’ diverse needs and maximise their own earnings.
The earnings can range from anywhere from a few lakhs to even crores in a month.
An Authorized Person, formerly known as a Sub Broker, is someone registered with the SEBI as an authorized person and is affiliated with a recognized stock exchange’s member stockbroker.
They serve as intermediaries between investors and stockbrokers, facilitating the investment process by providing access to the stock exchange trading platform on behalf of the stockbroker.
The authorized person could be an individual, partnership firm, LLP, One person company ( OPC ) or body corporate.
An individual who is an Indian citizen, atleast 18 years old and has completed at least a 10th standard or equivalent examination recognized by the Govt can become an Authorized Person.
At PL, we encourage diverse individuals to join us as franchisee partners. Whether you’re an aspiring entrepreneur, a seasoned trader, an independent wealth advisor, a financial industry professional like a CA, or even a mutual fund or insurance agent, there’s a place for you. Even if you’re currently employed in the broking industry and dream of starting your own venture, you can make it happen as an Authorized Person with PL!
All you require is a passion for financial services and the ambition to achieve substantial success!
The Exchanges levy an Annual Fee for maintenance of registration which is as follows:
BSE: INR 4,720, NSE: INR 5,900, and MCX: INR 1,180 (Including GST).
At the time of registration, the aforesaid fee for BSE and NSE is applicable for each segment, i.e., for NSE Cash, NSE F&O, and NSE CD, the registration fee is INR 5,900 each. Similarly, BSE Cash and BSE F&O is INR 4,720 each. MCX: Registration fee is ~INR 3,000.
It depends whether you are registering as an individual, partnership firm, LLP or body corporate.
To become an individual authorized person in the share market, you must:
- Be an Indian citizen
- Be at least 18 years old
- Have a clean legal record without any fraud or dishonesty convictions
- Possess a good reputation and character
- Have completed at least a 10th standard or equivalent examination recognized by the Govt.
- Maintain adequate space, equipment, and staff to fulfill your role effectively on behalf of the Trading Member.
To register as an Authorized Person as a Partnership Firm, LLP or Body Corporate:
- All partners and directors, as applicable, are required to meet the individual eligibility criteria mentioned above.
- The Partnership Deed and the Memorandum of Association must include a clause permitting dealing in Shares & Securities/Commodity Derivatives contracts
To become an Authorized Person, you need to fulfil the minimum eligibility criteria of age and education.
Then, choose a SEBI-registered broker to partner with. This is important, as it will determine the kind of support you get in building and expanding your business over the years. With 30 years of experience in the franchisee business, PL has empowered over 2,000 entrepreneurs to thrive.
Once you’ve chosen to partner with PL, the process is straightforward. You only need to provide the following:
- Bank account details & cancelled cheque
- Pan card & aadhar card
- Education proof
- Passport sized photo
- Security deposit
- Exchange fees
Rest assured, we’ll guide you through every step of registering as an Authorized Person with PL.
When considering SGBs for investment, a critical choice arises to opt for newly issued SGBs or those already in the secondary market. Always compare prices, focusing on similar maturity periods. Existing SGBs might be trading at a discount.
In the secondary market, prioritize liquidity if you don’t plan to hold bonds until maturity; higher liquidity facilitates selling. Conversely, if you intend to hold until maturity, liquidity matters less.
No. However, if an individual resident investor becomes a NRI after purchasing SGBs, then he / she may continue to hold the SGBs till early redemption/maturity.
SGBs are government -backed securities with a fixed interest rate offered by the RBI denominated in grams of gold. It acts as a substitute for investment in physical gold such as gold bars and coins.
By opting for SGBs, you can enjoy the same benefits as owning physical gold, without the inconvenience of handling the physical gold directly. It eliminates the risks of theft and costs associated with physical gold such as storage, making charges and GST. This is because it can be stored electronically in your demat account.
By investing in them you can benefit from gold price appreciation, get 2.5% p.a guaranteed interest and enjoy tax benefits.
The first tranche of SGBs was introduced in November 2015 by the RBI. It was launched and is backed by the Govt of India with the aim to turn the country’s substantial stock of privately owned gold into a financial asset and thereby reduce India’s gold imports.
As per guidelines, investors can apply for the gold bonds through the SEBI- authorised trading members. PL is one of them.
You can invest in SGBs with PL by writing to mfss@plindia.com
And to know more about SGBs, you can arrange a call with our investment expert here.
Yes and No! Regardless of whether you acquire an SGB in the primary or secondary market, capital gains upon maturity are exempt from taxation. However, if you choose to sell the bonds before maturity, the gains are taxable as below:
As per latest regulations, SGBs transferred on or after July 23, 2024 will be taxed at the rate of 12.5% without any indexation benefits if held for more than 12 months. Meanwhile, SGBs held for 12 months or less will continue to be considered as short-term capital asset and taxed at applicable slab rates. Do check with PL’s experts for latest updates on taxation.
In each financial year, the RBI issues the sovereign gold bonds in multiple tranches.
The open and close date for subscription of each tranche, as well as the issue price are announced by the RBI. These gold bonds are then made available via intermediaries like PL.
The Govt offers a discount of ₹50 per gram less than the nominal value to investors applying online.
The gold bonds are denominated in multiples of gram(s) of gold, with the basic unit of 1 gm. During the subscription period, investors can invest in these bonds and redeem them after the maturity of the scheme. The tenure of the SGBs has been fixed at 8 years. But after the 5th year, investors have the option to exit. Redemption takes place at the prevailing gold price.
RBI brings new series of SGBs for sale in the market throughout the year. So, if you miss the last one, you can always apply for them in the next issue.
If you have invested in SGBs, then it will be reflected in your demat account after its issuance. You can check its status any time in your demat account.
You can redeem the SGBs upon maturity, i.e., after completion of the 8th year or after the 5th year via the exchanges.
At the end of the tenure, the interest and redemption proceeds will be credited to your bank account.
According to the RBI, in case of premature redemption, investors can approach the concerned intermediary (from whom they purchased the SGB) 30 days before the coupon payment date. The proceeds will then be credited to the bank account provided at the time of applying for the bond.
Investors looking to invest in gold as a hedge against inflation and volatility should consider investing in SGBs. As outlined above they are low cost compared to other gold investment options.
Investors who have a long-term investment horizon and are willing to hold on to their investment for at least 5 years can maximize their benefits.
Investors also looking to add gold to diversify their portfolio should consider SGBs.
Person’s resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB.
You can apply for the Sovereign Gold Bonds if you are:
- Resident individual
- Resident individual on behalf of a minor
- HUFs
- Trusts, universities, and charitable institutions
Yes. The application on behalf of the minor must be made by his/her guardian.
The process through which a private company offers its shares to the public for the first time is called an Initial Public Offering (IPO).
After the IPO, the company becomes publicly listed on stock exchanges, transforming it from a privately held entity with a limited number of investors to a publicly traded one, allowing anyone to buy or sell its shares on the stock market.
This process enables the company to gather equity capital from a wider range of investors. IPOs are introduced in the primary market, and once listed, the company’s shares are actively traded in the secondary market, facilitated by the stock exchanges.
There are 4 type of Investors in an IPO:
-
- Qualified Institutional Buyers (QIBs), which include:
- Mutual funds
- Foreign institutional investors
- Commercial banks
- Insurance companies, among others
- Anchor Investors:
Are QIBs who are required to invest a minimum of ₹10 cr for a mainboard IPO, however the price for them is fixed and bidding begins for them one day prior to the start of the issue.
The presence of well known reputed investors in the anchor book instill confidence in retail investors to apply for the IPO. - Non – Institutional Investors (NIIs), whose application value is more ₹2 lakh:
- Corporates
- Individuals (other than retail investors)
- Others like societies and trusts, eligible NRIs, etc
- Retail Investors, whose application value is less than ₹2 lakh
- Qualified Institutional Buyers (QIBs), which include:
The full form of GMP is Grey Market Premium. This refers to the ‘premium’ that investors are willing to pay over the issue price of the said IPO before it is listed on the stock exchanges.
It acts as a indicator of the market sentiment for the IPO and reflects on how the IPO may perform on listing day.
The full form of IPO is Initial Public Offering.
To apply for an IPO, you need to open a Demat account. You can open a Demat account with PL within minutes.
Once your account is opened, you can apply for an IPO through our website or app by following a few simple steps and get an instant confirmation on your bid.
Open a demat account with PL
Login to your PL account
Select the IPO you want to invest in; click on bid
Enter number of lots and your price
Enter UPI id and submit
Complete transaction on your UPI app by accepting the mandate request
Experience the ease of online IPO bidding with PL:
Place your IPO bids in under five minutes
Get instant bid confirmations from the exchange in real-time
Effortlessly track your bid status
Hassle-free automatic refunds to your bank account in case of non-allotment
Stay updated on ongoing/upcoming IPOs, including key details like issue dates and price bands.
You can check the IPO allotment status through your PL client login.
Alternatively, you can check the status through the IPO registrar’s website or BSE’s website. You can check allotment status by entering PAN number or IPO application number and demat account number.
You will also be informed about the allotment by email and SMS from BSE, NSE, CDSL and NSDL.
When small and medium enterprises (SMEs) launch an IPO, it is called an SME IPO. A SME IPO is a process through which small and medium-sized companies raise capital by offering their shares to the public for the first time.
In India, the IPO of any company with a post issue paid up capital between ₹1 crore and ₹ 25 crore can qualify as an SME IPO.
SME IPOs are tailored to meet the financial requirements of smaller businesses. They are governed by different sets of regulations and are generally less complex compared to IPOs of larger companies.
An equity strategy refers to a strategy in which the investment is made only in stocks i.e. equities.
AQUA is an equity – only PMS strategy designed by PL’s in-house PMS team.
A long-only equity strategy is an investment approach focused on buying stocks with the expectation that their value will increase over time. It involves investing in stocks for the long term without engaging in short-selling or other strategies that profit from declining stock prices.
AQUA is a long – only equity strategy.
Picking stocks based on fundamentals involves analysing a company’s financial data, such as its revenue, earnings, balance sheet, and cash flow, to assess its underlying value and potential for future growth.
However, AQUA used a quantamental approach to stock picking. AQUA blends the diverse sciences of fundamentals, technicals, valuations, macros and alternative data analytics using quant methods to create an unbiased 100% systems and rules-based strategy. It invests in a diversified investable universe of 300 liquid stocks with superior fundamentals.
AQUA is suited for investors with moderate to aggressive risk appetite. It can be a valuable tool for investors who are looking to invest in specialised portfolios, which are more concentrated than broader markets, yet diversified enough to manage risk. It thus provides a differntiated investment solution beyond the traditionally managed investment options.
As per SEBI guidelines, the minimum investment amount is ₹50 lakh.
AQUA is a flexicap equity PMS strategy from PL Asset Management. It stands for Adaptive. Quantitative. Unbiased. Alpha.
It integrates diverse analytical sciences, including macroeconomics, sectoral analysis, fundamental factors, valuations, technical indicators, and risk analysis. This confluence of techniques forms what we call a “quantamental” approach, meticulously designed to offer a holistic approach to investment.
Yes, NRIs can invest in AQUA through NRE or NRO account.
Non-Resident Indian (NRI) means a “person resident outside India” who is a citizen of India or is a person of Indian origin (PIO)”as per Foreign Exchange Management Act (FEMA) regulations.
Yes, NRIs can open a Demat account in India to hold shares and securities and store them in an electronic form. A demat account is mandatory for investing in the stock markets in India.
Yes, NRIs can invest in the stock market in India by opening a NRI demat account and trading account. Also, one can also invest in mutual funds, ETFs, convertible debentures through a demat account.
There are two types of NRI Demat accounts: NRE Demat Account and NRO Demat Account.
NRE Demat account i.e. Non-Resident External Demat account. It is linked to an NRE bank account. An NRI opens an NRE account to manage funds earned abroad, which are fully repatriable i.e the money can be transferred to a foreign country. It is also known as Repatriable Demat Account and requires a Portfolio Investment Scheme (PIS).
NRO Demat account i.e. Non-Resident Ordinary Demat account. It is linked to an NRO bank account. An NRI opens an NRO account to manage funds earned in India. These funds cannot be transferred i.e. they must stay within India. It is also known as Non-Repatriable Demat account and does not require a PIS account.
No, RBI approval is not required to open a Demat account.
But for NRIs to trade or invest in India Stock Market on a repatriation basis i.e via a NRE demat account, one needs a Portfolio Investment Scheme (PIS) approval from RBI. PIS enables NRIs to buy and sell securities in India from the stock exchanges by routing these transactions through their NRE Bank Account.
If you are planning to invest on a non-repatriation basis, you do not need the PIS approval from the RBI. You just need an NRO Bank Account linked to your NRO trading and demat account.
Yes, NRIs can open a joint NRI Demat account in India if the NRI is the primary holder of the PIS, Non-PIS and Demat Accounts. The joint holder in a NRI demat account can be either a Resident Indian or another NRI.
NRIs can open 2 types of accounts – Repatriable & Non-Repatriable – with details of respective Bank accounts.
To download the sample form click here
- Individual Account Opening Form (AOF) & KRA cum CERSAI KYC Form of all holders
- Pan Card of all holders
- Passport / PIO Card / OCI Card (any one mandatory)
- Proof of Correspondence Address
- Proof of Permanent Overseas Address (if different from Correspondence address) (Mandatory if Correspondence address is that of a third party i.e. C/o address)
- Applicant’s declaration that he has complied with & will continue to comply with FEMA regulations and other applicable laws (part of AOF)
- Proof of Bank Details – NRE/NRO Savings Bank Accounts – mentioned on AOF
- Mariners Declaration or Certified copy of CDC (Continuous Discharge Certificate) for Mariner NRI
- Applicant’s undertaking with complete Residential Address (other than PO Box address) if he submits an
- Overseas Post Office Box address as Correspondence / Permanent address (part of AOF)
Note for USA and Canada Based NRI’s few guidelines to be followed.
- At the time of account opening client should be in INDIA.
- Self self-attested copy of the Latest immigration page containing the latest arrival stamp of the visit to INDIA is required.
- Online/Mobile Trading is not allowed.
Yes, NRIs are allowed to Invest in Exchange Traded Funds (ETFs). NRIs can invest in ETFs both on repatriation as well as non repatriation basis.
A few of the products that NRI’s can invest in are –
Equity* – Only cash
Derivatives / F&O (only via NRO a/c i.e. non – repatriation basis)
Mutual Funds (except NRIs of USA and Canada)
IPOs (except NRIs of USA and Canada)
ETFs
Fixed Deposits
Insurance
Bonds (sovereign gold bonds are not an available option)
Real Estate
*Intra-day trading is not permitted for NRIs. An NRI Investor has to take delivery of shares purchased and give delivery of shares sold.
Yes, clients can have two separate trading accounts based on NRE & NRO.
India would have a double tax avoidance agreement (DTAA) with a lot of the countries. Depending on which country you are investing from, you need to check what is the DTAA of India with that country.
Generally for NRIs investing in Indian equities, more than 1 year is treated as long term and long term capital gain on equity is taxable at 10%. Short-term capital gains from equity are taxable at a flat 15%. If you are investing in debt, then it is taxed as per your slab.
NRI Demat account is an account that enables NRIs to buy, sell and hold shares and securities in India, and store them in an electronic format.
For the purposes of investments in shares/securities in India, Person of Indian origin means a citizen of any country other than Pakistan or Bangladesh, if
a) at any time, has held an Indian passport; or
b) either parents or grandparents were a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1995); or
c) is a spouse of an Indian citizen or a person referred to in clause (a) or (b)
Yes, PIOs and OCIs can invest in shares in India.
Yes, NRI can participate for buyback of shares
For NRIs, Long Term Capital Gain on equity is taxable at 10 per cent exceeding Rs.1 lakh exemption,Short-term capital gains from equity are taxable at a flat 15 per cent.
Yes, except US & Canada based NRI all other NRI’s can avail online Trading facility.
No, for NRI Commodity trading facility not available
No, for NRI Currency Trading facility not available
NRO (Non Resident Ordinary Account) & NRE (Non Resident External Account)
Yes, except US & Canada based NRI, other country NRI can participate in IPO. While seeking the credit of sale proceeds of IPO shares to NRE/NRO bank account, the designated bank should be provided with the details regarding date of allotment and cost of acquisition to calculate the taxes, if any.
Yes, apart from US based NRI, NRI can participate for Rights.
Yes, NRI can avail portfolio management services. However NRIs will have to open a PIS Account as required under RBI guidelines in order to invest in the PL-PMS scheme.
No, BTST not allowed, NRI can only buy shares when they have clear funds in PIS bank a/c and sell shares only when they clear stock balance in demat a/c
No for NRI SLBM facility not available.
Yes, US /Canada based NRI can open Trading & demat account but few NRI guidelines needs to be followed.
At the time of account opening client should be in INDIA.
Self attested copy of Latest immigration page containing latest arrival stamp of visit to INDIA required.
-Online/Mobile Trading not allowed.
No, any NRI or a PIO can have only one PIS account in India. Say for example if he is having a PIS account with X bank and he wants to shift to HDFC Bank, then he has to close the PIS account there and open a PIS account with HDFC Bank.
NRI can avail following Product & Services- Equity Broking, PMS, Mutual Funds, Insurance, IPO & Real Estate
No, Aadhar card is not mandatory for NRI
Yes, NRIs are allowed to invest in futures & options segment thru NRO a/c on non repatriation basis only
Yes, NRI can participate for OFS of shares
Yes NRI can invest in Mutual funds in India. Only for US & Canada based NRI, few AMC’s (Asset Management Company) has restricted Mutual Fund investments.
Yes, you can open both NRO & NRE Trading/demat a/c
Following documents are to be collected alongwith Account Opening Form (AOF) while registering NRI / PIO / OCI Clients
1. PAN Card
2. If Indian Passport – First and last page of passport, Valid Visa
3. If Overseas Passport – Front page of passport which carries client photo and passport details.
4. OCI or PIO card (if available)
5. Foreign address proof — Any one of — Driving License, bank statement or Electricity bill (latest)
6. NRO/NRE Saving and PIS bank account proofs — Cancel cheque leaf for saving account and PIS permission for PIS account.
No, intra day trade not allowed for NRI,NRI Investor has to take delivery of shares purchased and give delivery of shares sold.
If NRI has Aadhar card then it has to be linked with PAN but its not mandatory if NRI do not have Aadhar.
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