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Customer Satisfaction Stories

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Account opening process is very simple and steps mentioned in the process are user friendly. Guidance wherever required is excellent and prompt.

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Mr. Ashutosh Paranjpe

Aditya Birla Money Customer

Panvel, India

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My trading experience with ABM has been very fruitful. I have always been receiving excellent support from my dealer. Moreover, the transparent business practices at ABM makes it the preferred broker in the industry.

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Mrs. Priyanka Sharma

Aditya Birla Money Customer

Mumbai, India

FAQs

The term stock" and "share" are essentially synonymous, denoting a fraction of the company's capital. While the term "share" is the preferred usage in India, "stock" is more commonly employed in the United States. Regardless of this linguistic distinction, both terms convey the same fundamental idea.

In the stock markets, various instruments are traded, including equity shares of listed companies. Moreover, the markets also facilitate trading other instruments such as index futures, index options, stock futures, stock options, VIX futures, and more. Equity, bonds and derivative products are actively traded in stock markets.

You can access information related to stocks through various outlets. If you are a new investor, you can find the information from newspapers, annual reports, the company’s website, etc. You can also consult your stock broker. For veteran users, the company’s financial reports and trusted stockbrokers can be the right point for stock-related information.

The price of a stock is typically influenced by the company's growth prospects and profitability. The market assigns a P/E ratio based on the appeal of the stock. Additionally, factors such as demand and supply dynamics influence stock prices and news developments.

A broker is an authorized member allowed to conduct equity trades. Brokers are registered with SEBI and hold membership in the stock exchange. In simpler terms, a broker acts as an intermediary between an investor and the stock exchange, executing the buying and selling of shares and other securities on behalf of investors in the stock market.

The term "security" pertains to a negotiable financial instrument with fungible properties, carrying a monetary value. Security can signify ownership in a company through stocks, establish a creditor relationship with a government or corporation through bonds, or confer ownership rights as indicated by an option.

Securities can be broadly classified into two main types: equities and debts. Additionally, there are hybrid securities that combine features of both equities and debts.

Equity Securities
Equity securities denote ownership in an entity, such as a company, partnership, or trust. This ownership is represented by shares of capital stock, encompassing both common and preferred stock. While holders of equity securities may not receive regular payments, they can profit from capital gains. Equity securities also provide voting rights, offering some control over the company. In bankruptcy, equity holders have a residual claim after fulfilling obligations to creditors.

Debt Securities
Debt securities signify borrowed money with predetermined terms, including loan size, interest rate, and maturity or renewal date. Examples include government and corporate bonds, certificates of deposit (CDs), and collateralized securities like CDOs and CMOs. Debt security holders are entitled to regular interest payments and the repayment of principal, regardless of the issuer's performance. These securities typically have a fixed term and may be secured or unsecured.

Hybrid Securities
Hybrid securities combine characteristics of both debt and equity. Examples include equity warrants, convertible bonds, and preference shares. While technically classified as equity, preference shares, for instance, behave like a bond, offering a fixed dividend rate and prioritized returns.

Derivative Securities
Derivatives, such as call-and-put options, derive their value from an underlying asset like stocks, bonds, or commodities. Call options gain value when the underlying asset appreciates, while put options gain value when it depreciates.

Asset-Backed Securities
Asset-backed securities represent a portion of a diverse basket of similar income-generating assets, such as loans, leases, or mortgages. Cash flow from these assets is pooled and distributed among investors over time.

Stocks, known as equity shares, constitute a specific category within securities. Each stock share signifies partial ownership in a public corporation, with potential rights to vote for company directors or receive a portion of the profits. Various other types of securities, including bonds, derivatives, and asset-backed securities, exist alongside stocks.

There are four primary types of derivative securities:

Futures
Futures, also known as futures contracts, are agreements between two parties for the future purchase and delivery of an asset at a predetermined price. Traded on exchanges, these contracts have standardized terms, requiring the involved parties to buy or sell the underlying asset.

Forwards
Forwards, or forward contracts, are similar to futures but are not exchange-traded, taking place solely in retail settings. When establishing a forward contract, the buyer and seller define the terms, size, and settlement process for the derivative. Unlike futures, forwards entail risks for both parties, particularly if bankruptcy occurs.

Options
Options, or options contracts, resemble futures contracts in that they involve the buying or selling of an asset between two parties at a predetermined future date and price. The key distinction is that with options, the buyer has the choice not to complete the buying or selling action.

Swaps
Swaps entail the exchange of one form of cash flow for another. For instance, an interest rate swap allows a trader to transition from a fixed interest rate loan to a variable interest rate loan, or vice versa.

A dividend is a portion of a company's profits distributed to its shareholders. It is often paid in cash or additional shares.

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*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.

**Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein

#Provided all due premiums are paid

^ As per annual audited figures submitted to IRDAI for the period FY 22 – 23 for individual death claims paid.

¹LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.

²Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income and Deferment Period 0 years.

Annualized Premium is ₹1,15,380. Annual Income of Rs. 43,844 (43,844*40=17,53,776) + Maturity Benefit (Rs.16,15,320)= Rs. 33,69,096

³ABSLI Empower Pension Plan, age 40 year healthy male, Policy term is 10 years, Accumulation period is 10 years, basic premium is Rs.100000/-, Plan Option: Assured, Payment frequency: Annual, Return@8% fund value is Rs.13.57 lakhs and @4% is Rs.10,84,803/-

ABSLI Child’s Future Assured Plan. Plan option: Education & Marriage Milestone. Male | Age: 35 years | Policy term: 25 years | Premium paying term: 10 years | Education milestone benefit period: 3 yrs & Education assured benefit start term: 15 yrs | Marriage assured benefit start term: 25 years | Annualized premium: ₹1,00,000 (excluding tax) | Total Benefits Payout: Rs 21,58,664 [Education Milestone Payout: Rs 10,79,332 (policy year 15,16,17) and Marriage Milestone Payout: Rs 10,79,332 (policy year 25)] | Age of Child: 0 years, Child as a nominee | Sum assured multiple for marriage: 100%

⁵ABSLI Wealth Assure Plus plan for 30 years of a healthy male. Plan type: Classic. Investment option: Smart option. Risk Profile: Moderate. Payment frequency: Yearly. Basic annual premium: ₹24,000. Policy Term: 15 years. Premium paying term: 10 years

ABSLI Nishchit Aayush Plan (UIN No 109N137V02) is a non-linked non-participating individual savings life insurance plan.

ABSLI Digishield Plan (UIN: 109N108V11) is a non-linked non-participating individual pure risk premium life insurance plan

ABSLI Empower Pension Plan (UIN: 109L078V03) is an individual unit linked pension plan

ABSLI Child Future Assured Plan (UIN: 109N124V01) is a non-linked non-participating individual life insurance savings plan

ABSLI Wealth Aspire Plan (UIN:109L100V05) is a non-participating unit linked life insurance plan

ABSLI Salaried Term Insurance Plan is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.

ADV/10/23-24/2471

Honesty is the best policy

Applicants should ensure that insurance details in the application form is filled by oneself with “ Utmost good faith”.

Be honest & truthful about your medical history, health conditions, or any other complications.

Also, let the insurer know about any habits like use of alcohol, tobacco or any narcotics/ psychotropic substances in the present or past, to ease the process of Policy issuance and claim assessment process.