20.59% 115,302 Clients
Nirmal Bang is a full-service broking house offering investment services across equities, futures & options, IPOs, mutual funds, depository services, commodities, currency derivatives, insurance, and PMS (Portfolio Management Services). The broker also offers margin funding and algo trading facility to investors.
Nirmal Bang also works as a non-banking financial company (NBFC) for stock markets. The group is registered with BSE, NSE, MCX, NMCE, and NCDEX. Nirmal Bang is a depository participant with both NSDL and CDSL for depository services.
The research desk provides daily market reports, technical, equity, commodity, currency, mutual fund and derivatives reports. Nirmal Bang also has a knowledge centre for users who want to understand the stock market and sharpen their trading skills.
Key Features of Nirmal Bang
Nirmal Bang- Margin Requirement
To avail margin funding facility with Nirmal Bang, the investors have to open a bank, trading and Demat account with Nirmal Bang. The investors have to maintain a Loan to Value (LTV) ratio minimum at 50%. If the LTV remains below 50% within 5 days, the broker can initiate strict actions as mandated in the terms of the agreement.
When the margin falls below the value, customers have to replenish the amount needs to fulfil shortfall. Else, the broker can liquidate the shares up to the extent of the shortfall. The broker offers margin funding facility to the stocks in the approved list. You can find this list under margin funding-approved list segment on the website.
Nirmal Bang charges interest rate ranging from 8% to 18% per anum for lending against the collateral of shares. Apart from this, clients have to pay Rs 590 cheque as loan documentation charges.
Segment | Trading Margin |
---|---|
Equity Delivery | upto 10x |
Equity Intraday | Upto 4x |
Equity Future | Upto 4x |
Equity Option | Upto 2x for shorting |
Currency Future | Upto 2x for shorting |
Currency Option | Upto 3x |
Commodity Future | Upto 3x |
Commodity Option |
Yes, Nirmal Bang is an NBFC which offers margin funding facility against the collateral of shares. The investors have to maintain an LTV ratio of 50% for margin. If the value remains below 50% within 5-days, the broker has rights to liquidate the securities and fulfil the money requirement up to the maintenance margin amount.
Here are the benefits accrued by the borrower:
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Information on this page was last updated on Saturday, June 6, 2020
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