Due to their high returns, many investors are often attracted to investing in the stock markets. However, there are many technicalities that an investor must know to make wise and financially sound decisions before investing in the stock market. These will help them understand the volatility of the stock market and the risks involved so that they don’t get overwhelmed with all the financial jargon.
This blog covers details of the trade price in the stock market and will shed light on how the price can be used to make financial strategies.
Stock market and trading in India
Investors are inclined to trade and invest in stocks, derivatives, commodities and bonds. The stock market provides them with a platform to facilitate buying and selling. To understand the trading price in the stock market, one needs to know how the stock market works.The key participants of the stock market
Indian stock market has four key participants. They are:- SEBI (Securities and Exchange Board of India) SEBI is a body that regulates all the activities involved in a stock market. They lay down the framework of rules and guidelines that have to be followed by stock exchanges, listed companies, broker firms, and all the participants. This regulatory body issues the guidelines. It also ensures the smooth and fair functioning of the stock exchange in India by maintaining transparency and efficiency.
- Stock exchange The stock market provides trading and investment facilities to the participants. There are two primary stock exchanges in India. These are:
- BSE (Bombay Stock Exchange)
- NSE (National Stock Exchange)
- Traders and investors They are one of the prominent participants in the stock market. They buy and sell equities, trade-in derivatives and commodities, bonds etc.
- Stock broker and brokerage firms They are intermediaries. Through them, the execution of the purchase and sell orders takes place. In return, they charge a fee or brokerage.
Also Read: What is the Importance of Brokers in the Stock Market?
The types of stock markets in India
Here is a quick read for investors to understand what a stock market is before we discuss the type of stock markets in India. The stock markets in India are categorised into two types. These are:- Primary market This market allows companies to list their shares to raise capital. This is done through IPO (Initial Public Offering). The subscription to an IPO can be done for a limited period. Once the subscription is done, the company becomes public and is ready to be listed on the stock exchange.
- Secondary market The secondary market is the place where the equities are traded or invested. There are two types of secondary markets, and these are over-the-counter markets and stock exchanges.
To issue an IPO, the company needs to provide all the relevant information related to the company, like the company's financials, plans and projects etc., to the stock market.
How to trade in a stock market?
Any company's shares listed on stock exchanges can be traded in the secondary market. There are two ways of trading:- Trading through a stock broker or a brokerage firm.
- Trading online as an individual trader.
- Through stock broker The stock brokers help their clients open a demat account. After this, the trader has to inform the stock broker to buy or sell any stock. Usually, the stock broker/ brokerage firm gives tips to the trader. Based on these tips, the trader approves or rejects the trading activity. If approved, the stock broker places the trade order on behalf of their clients. This stock market trading method is helpful for new traders or beginners.
- Online trading The trader must open a demat account and trading account with a stock broking firm or a stock broker, allowing online trading and investments. These days almost all stock broking firms have this facility. Once the account is opened, the trader can execute any number of trades independently. The value of trades depends upon the funds available in the demat and trading account. This method is helpful for those who have knowledge of the stock market and are comfortable trading on their own.
Selecting a Broker
It is imperative to choose the right broker for trading and investing. A reliable and experienced broker can help an individual make profit. There are two types of stock brokers, these being:- Discount brokers These brokers merely provide an individual with a trading or investing platform. They are online brokers who do not give any personalized service to their clients. The trading and research have to be done by the traders themselves. However, charts and tools are provided by the broker.
- Full-service brokers These are the traditional brokers who provide full service to their clients. They provide personalized assistance and help their clients meet their goals. These services include buying and selling shares, financial planning, market research and technical analysis, help building the portfolio, financial planning, retirement and tax planning, stock tips etc.
Opening a demat and trading account
Trading and investing in the stock market is only possible if the trader or investor has a demat account. Anyone wanting to invest or trade in the stock market must open a demat account. Opening a demat account is a simple process and can be quickly done online. To do this, follow these steps:Step 1: First of all, find a reliable and experienced stock broker or brokerage firm and open a demat account with them.
Step 2: Fill out and submit the online account opening form. This will be available on the stock broker/brokerage firm’s site or app. Basic details like name, address, contact number, Email ID etc., must be filled in this form.
Step 3: Add the bank details needed for transferring funds and dividends, etc. These details are bank account number, type of account, IFSC of the bank etc.
Step 4: Upload documents that support the photo ID proof and address proof.
Step 5: The KYC (Know Your Customer) has to be done next. For this, the PAN number and Aadhaar number must be submitted.
Step 6: The digital signature must be uploaded after linking Aadhaar and PAN card. Lastly, submit it.
Step 7: The stock broker/brokerage firm will verify all the details and open the demat account. The credentials, like login details and demat account number, will be shared once all the details are verified. After which, the individual can operate the account by transferring some funds to this account.
For offline mode, an individual has to visit the office of the stock broker/ brokerage firm, fill out the demat opening form, and submit the required documents along with a cancelled cheque leaf of the bank where the account is held. Once the demat account is opened, the account credentials are given to the individual.
Cash markets and derivatives market
The cash and derivatives markets are the two places to trade or invest in the stock market. The cash market, popularly known as the spot market, deals with the cash segment. In this, the buying and selling of equity is done on the spot (cash). In the derivatives market, the equities and indexes trade futures and options. It is also commonly referred to as financial derivatives. These markets have statistical measurements that represent the performance of market based on the performance of the best stocks on the market. They are called ‘stock market indexes’.The cash and derivatives markets are entirely different from each other. Some of the prominent differences between the cash market and the derivative markets are:
- In the cash market, the investors buy the shares of a company. They pay the price, take the delivery of the shares, and become the company's shareholders. They can hold on to the shares until they want to and sell them whenever they profit. Whereas in the derivative market, the investors trade in futures. They can never become the shareholder of a company.
- In the cash market, investors can buy as many shares as they want to. Even buying 1 share is allowed. Whereas in the derivative market, the minimum purchase is one lot. This lot has several units (shares of a company or index). The size of the lot is predetermined.
- The payment has to be paid in full to take the delivery of the shares in the cash market. On the other hand, only the margin amount has to be paid to initiate the future contract.
- The delivery in the cash market takes place in 2 days. In the derivatives market, there is no delivery. The futures contract automatically expires on the date of expiry.
- Investors investing in the cash market are eligible for dividends. This is not the case in the derivative market.
- The shares are bought in the cash market mainly for investing purposes. Some buy it for trading purposes also. In the derivatives market, the main objective of trading is hedging, arbitrage and speculation.
Difference between trading and investing
The main difference between trading and investing is the duration of the stocks held. An investor buys the shares of a company with a long-term perspective. A trader buys and sells the shares of a company for a short period. They take advantage of the price movements and buy at a lower price and sell at a higher price. There are many differences between the two. However, the significant differences are in the risk and time involved and how the investment is approached.- Risk and time involved While investing, the investors hold their investments for an extended period. They are not affected by the fluctuations in the market. Even if there is a significant change in the stock price of the company invested, they are not affected. They aim to make considerable profits in due course of time. The risk factor is somewhat eliminated since it is held for the long term. They are less dynamic and stick to a safe form of investment. Usually, investors who want to meet a particular goal and have a horizon to park their money prefer investing rather than trading.
- Investment strategy While investing in stocks, the fundamental analysis of the company is given importance. The fundamental analysis includes the financial analysis of the overall performance of the company and its previous records.
Profits can be made in trading if the trader times the market well. Based on trends and technical charts, trading calls are made. Here the trader buys at a lesser price and sells it at a higher. The trades can be held for a single day, a few days or a month. It is basically a short-term investment. The reversal can also be done only in day trading, which means selling first and buying later.
Here's an interesting read on risk management in stock market that every investor should know about.
On the other hand, while trading, the technical analysis and charts of the company are studied. The technical charts include the day-to-day trend of the company’s performance along with its financial charts on a daily basis. The company's price, volume, and moving averages help traders identify and study the trend. This helps them in predicting the movement of the price.
Types of trading in the stock market
Trading in the stock market can be done in several ways. Some of the significant ways of trading are as follows:- Day trading Many traders want to make quick money. They are not much concerned about the businesses of the listed companies on the stock exchange. They merely go with the flow and trade on news-driven stocks or tips given by experts for day trading. The day traders choose a stock and trade on them.
- Swing trading
Swing trading is when the shares of a company are bought and sold only when it gives good returns. This is when a trader buys the stocks of a company and holds them for the short to medium term before selling them. This period may be from a few days to a few weeks. It may take some time to execute the trade entirely.
- Position trading This type of trading involves holding the shares of a company for a longer extended period. The traders take a position in their trade and sell it only after making a significant profit.
- Scalping Scalping is done at a fast pace. The trader has to be actively involved in the trades. It is done in short intervals of time and frequently throughout the day. In this, the trades (buying or selling) of the equities are held for less than a minute to few minutes. In scalping, the trading is done by observing small movements in the trade price of a stock.
When a stock is bought and sold on the same day, it is known as day trading. The day traders buy the stocks of a company. By the end of the day, they sell it after making a profit. It is not necessary that day traders will make profits on every trade. There will be days when they have to face losses.
Reverse trading is also a form of day trading. In this, the trader sells a company's stocks and repurchases them when its share price falls, thereby making a profit. These transactions have to be done in a single day.
Also Read: Intraday Trading For Beginners: Mastering The Basics
Minimum capital required in stock market
Investors feel that considerable funds are required to invest in stock markets. Due to this reason, many stay away from investing here. A large amount of capital is optional to invest in the stock market. There is no minimum requirement, but investing much money will give good returns.The amount required depends upon the number of shares the investor wants to purchase and the share price of the company. Eventually, it is the amount an investor is willing to invest. There are penny stocks available for less than Rs 5, and there are also large-cap stocks priced above Rs 10,000.
Many market experts have worked out three strategies for new investors and traders to understand the minimum amount required in the stock market. These are:
- 100 minus the investor's current age strategy This strategy is based on the fact that the older a person grows, the less the risk appetite. Young investors can take more risks, so they may consider having more equity exposure in their portfolios. For example, if an investor is aged 30 and has savings of Rs 50,000, the invested amount in the stock market can be 70% (100-30) of the net worth. This comes to Rs. 35,000 (70% of 50,000).
- The X/3 strategy This strategy is given to beginners and helps in minimizing risk. In this strategy, the investors divide the amount invested into 3 parts. They only invest the first part of the available funds in buying company shares. Once the stock price rises and starts giving profits, then the second part can be invested in the same company. The third part of the investment can be repeated again, once the investor gets more returns. For example, an investor wants to invest Rs 30,000 in the stock market. Here, the amount will be divided into 3 parts, which means 30,000 /3=10,000. Here the investor will only invest Rs. 10,000 per round for 3 rounds.
- The 75% profit strategy This strategy specifies that if 75% of the invested stocks are performing well, the investor may carry on with more investments. For example, if the investor has invested in 7 stocks, out of which 5 are doing well. This means the investor can think of increasing the investments. One needs to understand that it is difficult to get 100% accuracy as the market tends to be volatile. That is why 75% profit is the benchmark.
Some contradict this, saying that the responsibilities and debts or loans are complete as a person ages. Older people are in a financial state to take more risks. Ultimately, it depends upon the risk appetite of an individual.
How is the trade price of the stocks determined?
Many factors determine the trading price of the stock. Some of them are:Demand and supply
If a company’s business is doing well, the demand for the stock of the company increases. This in turn will result in an upward movement in the stock price of the company. The supply of the stocks of a company increases when it is not doing well, and traders start selling the company's shares. This results in a fall in share prices.Industry-sector specific
If the stocks of a particular industry, for instance, auto, IT, FMCG etc., are doing well. Then there are more chances of the stocks of a company related to that sector also going up and vice-versa.Company specific
If the company performs well and has strong financials along with a good business model and efficient management. Then the stocks of this company perform well in the stock market and will rise. If the company's business is not doing well, it will fall.How are the trade prices of the IPO derived?
IPO (Initial Public Offering) is when a private company issues and offers its shares to the public. This happens when the list is in the stock market for the first time. IPOs are issued if the company wants to raise funds for reasons like expansion. It can also be if the company has many debts and losses and wants to recover from them.The trade price of the IPO (Initial Public Offering) is derived from a few factors. The significant factors that affect the trade price of the IPO have to be considered. These are:
- The number of stocks issued by the company in an IPO.
- The business model of the company.
- The future and growth plans of the company.
- The past financial performances of the company.
- The market trend, especially when the company is listed on the stock exchange.
- The company’s market price when it is listed.
Also Read: Understanding The IPO Process in India
Where to find the trade prices of the stock?
The trade price of the stock can be found on the stock exchanges (NSE and BSE). It can also be viewed on the website or app of the stock broker or the brokerage firm. These days media like business-related television channels and news agencies have their apps. They keep updating the live prices of the stocks. Apart from this, the prices can easily be viewed online.Conclusion
Investments are suitable as they secure an individual's future. There are a few things that should be kept in mind before investing or trading in stock markets. Trading is quite risky, and it is advised to trade only after adequate knowledge. If an individual wants to get more returns, then they must be willing to take risks. Before investing, an individual needs to keep an allotted amount aside for trading. After this, the focus must be to achieve the financial goal from this amount. The more the individual stays invested in the stock market, the better the returns and the less risk.FAQs – Frequently Asked Questions
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What is the trade price in the stock market ?
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How does price work in trading ?
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What is the CMP in the stock market ?
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Why is the price important in trading ?
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What distinguishes trade value from trade price ?
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What is trade-in and trade-out ?
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The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.
Manner of Use of Personal Information
All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.
Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,
You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.
Use of Website in India
This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.
Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.
In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.
You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.
Third party websites
This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).
USE of APP
In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.
Postings and monitoring
The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.
Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.
We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.
If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com
Use of Cookies
You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.
Facilities Changes and Discontinuation
The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.
ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.
Compliance with the Law
You agree that you will not:
- Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
- Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
- Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
- Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
- You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.
Restrictions on Commercial Use or Resale
Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.
No Endorsements
All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.
Promotional Offers
You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.
Charges for use of Website
There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).
No Endorsement
You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.
In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.
Electronic Communications
These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.
Assignment
You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.
Legal Disclaimers
The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.
The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.
Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.
No Solicitation
No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.
The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.
Statutory Disclosure
ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.
Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
Force Majeure
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
Indemnification
You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.
No Waiver
The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.
Exclusive Agreement
You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.
Termination
Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.
Governing Law and Jurisdiction
The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.
These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.
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