Monday, August 27, 2012
by
Indian Real Estate News
Buy Gold Mutual Funds
Invest Mutual Funds Online
Download Tax Saving Mutual Fund Application Forms
Call 0 94 8300 8300 (India)
Step 1: Open a trading account with any currency brokerage for an initial margin of 2-5 per cent per contract. Say, you want to take an exposure of ~55,000, the margin would be ~2,700
Step 2: Documents required for KYC are proof of identity, residence and bank account.
Step 3: You have to take positions to trade. Say you need $30,000 (~16.50 lakh) after a year. You can book a contract of a year by rolling over one-month contracts for a year for the amount
Step 4: On maturity, if the actual contract value increases to $32,000 (rupee appreciates), then the brokerage pays you the difference. And, if the value falls to $28,000 (rupee depreciates), you pay the difference of ~1.10 lakh
Step 5: Banks also allow trading in currency futures, but not necessarily for retail investors. While banks are known to charge very low margins for corporate customers, retail investors can be charged 10 per cent or more, as the ticket size is low
Step 6: Banks will insist on knowing the reason behind the trade, to meet KYC needs.
Step 7: Documentation with banks is more stringent than with brokerages
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Transact Mutual Fund Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Fund Application Forms
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
Posts
0 comments:
Post a Comment