Unbelievable Yet True !!!
This new financial year Tradeplus brings showers of good news to NRIs trading on NRO mode. Yes, the relaxation provided by RBI in its circular issued on February 2015 has brought in slew of opportunities to Non Repatriable based trades.
As we first informed in our earlier email, NRO accounts do not need PIS permission to trade in the secondary market. The other big unbelievable benefits that opens doors of new opportunities are:
- Leveraged trades that enables you buy stocks up to 4 times of your available cash and or collateral value.
- Collateral based trades – Collateral is the value of stock reduced by a percentage called haircut as determined by exchange. You may buy shares without cash based on the available collateral and settle it in 5 working days. Kindly note that currency and commodity are currently not available for NRIs to trade.
- Intraday Trades – As NRO trades are treated at par with Resident trades, you may also do intraday trades in non-repatriable account.
- Margin Trade Funding (MTF)– This is a unique product of Tradeplus that allows you to buy stocks upto 4 times of your collateral value and cash value and hold it for a maximum of 1 year. You may basically leverage your stocks and take positions without deploying cash for a maximum of 1 year. Click here to know more on MTF.
In our continuous effort to empower our clients to enhance their trading experience, we have once again initiated yet another new process that has opened the so far closed door of ample opportunities with the aforesaid benefits.
Added to the aforesaid, there are several other benefits of setting up a NRO account. Click to know more.
All that you need to do to utilise these is to set up a NRO account, if you don’t have one. Just call us at+91 7338822169 or email firstname.lastname@example.org and we will be ready to assist you in exploring this new world.