DBFS Securities Limited

Portfolio Management Services (PMS) is an arrangement under which the Portfolio Manager undertakes the management/ administration of the client’s portfolio of securities / funds. DBFS is a SEBI Registered Portfolio Manager.   Minimum investment for PMS (minimum as fixed by SEBI) is Rs.25 lacs. Over and above Rs.25 lacs, the investment could in multiples of Rs.10,000/-. Investments can be either by way of cash (cheque or DD) or securities. The Portfolio Client has to sign an agreement with the Company. The client has to sign a Registration Form and a Disclosure Document also. Cheque or securities have to be submitted at the time of Account Opening.   The Client is entitled to make withdrawals of cash or securities from the fund, at such regular intervals as required by the Client or at any other time, provided the balance in the funds does not fall below the minimum investment of Rs.25,00,000/-. As a matter of policy DBFS has decided to allow the withdrawal only at the end of every month. Where the client intimates the investment period in advance, on completion of the same, we shall settle the accounts and make repayment of the funds. In other cases, we shall settle the accounts and make the repayment, at one day’s request.   Charges   1. monthly maintenance charges at the rate of 0.5% of the asset under management (AUM); and 2. 20% of the profit generated annually over and above 8% (in selected plans only)   Monthly maintenance charges as above cover transaction costs such as brokerage or other direct expenses; however DP transaction charges, securities transaction tax and other taxes payable in respect of transactions undertaken in the portfolio shall be debited to the account at actual.

Requirement Type

Personal

DBFS Derivatives & Commodities Ltd. is a member of National Commodity and Derivatives Exchange Ltd. (NCDEX), National Multi Commodity Exchange of India Ltd (NMCE) and Multi Commodity Exchange (MCX), the premier exchanges in India for commodity futures trading. NCDEX, NMCE and MCX have futures trading for various agricultural and other commodities including gold, silver, rubber, cardamom, pepper etc. which are actively traded. The Company also has membership with National Spot Exchange Ltd. for spot market.   Registration of clients: Clients intending to do trading in currency futures should obtain prior registration with DBFS. The client registration documentation is combined for both Cash Market, Derivatives and Currency segments; but clients intending to do trading in Currency should submit additional documents for supporting financial details. A client who is already having trading account in CM segment can activate other segments (FAO and Currency) by submitting the request for Segment Activation.   Brokerage: DBFS offers very competitive brokerage to its clients. Brokerage can be either fixed brokerage or volume linked brokerage or per contract brokerage.

DBFS Securities Ltd. is a Depository Participant with Central Depository Services Ltd. (CDSL). CDSL is one of the two depositories in the India for electronic holding of securities. The Company extends depository services to its trading clients as well as non-trading clients. Major activities of DBFS DP are:   Demat Account Opening: A client intending to open demat (depository account) with DBFS has to submit the account opening form available with the branches. As per the present regulations, for opening demat accounts, PAN card is mandatory.   Major Services: Electronic holding of securities, Demat, Remat, pledge, unpledge etc., market and off-market transfers, transmission, transposition etc

NRIs are permitted to trade in all segments except currency derivatives and commodities. Reserve Bank of India (central bank) and the Market Regulator, SEBI (Securities & Exchange Board of India) have introduced a separate scheme (Portfolio Investment Scheme/ PIS) for share trading by Non resident Indians (NRIs). As per this scheme, the NRIs can purchase and sell securities on a recognized Stock Exchange in India.   DBFS has made necessary arrangements with banks for undertaking PIS transactions for its Non-resident customers. Non Resident Indians (and persons of Indian origin) only can purchase/ sell securities in the PIS route. For availing the PIS scheme, the NRI should open a trading account with DBFS and also a PIS bank account with the designated banks, with whom DBFS has made arrangements (AXIS Bank, IndusInd Bank, IDBI Bank, Federal Bank and Oman International Bank). All remittances in respect of trading transactions under PIS will be routed through this PIS Bank Account. An NRI can transfer funds to the PIS account either using the net banking facility or through normal fund transfer through the bank’s branch offices or through its banking partners.