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How to buy mutual funds?
There are there different ways of how to invest in mutual funds. You can invest through a brokerage firm offering mutual fund accounts You can invest through banks offering mutual fund accounts You can also buy mutual funds directly from the asset management company's website.
There are there different ways of how to invest in mutual funds.
You can invest through a brokerage firm offering mutual fund accounts
See lessYou can invest through banks offering mutual fund accounts
You can also buy mutual funds directly from the asset management company’s website.
How to invest in SIP?
To invest in SIP, you need a mutual fund account, which you can open in under 5 minutes** on the Mirae Asset website. Complete the two-step onboarding process and visit the mutual funds section on the website. You will find SIP and lumpsum investment methods. Choose the former, along with your prefeRead more
To invest in SIP, you need a mutual fund account, which you can open in under 5 minutes** on the Mirae Asset website. Complete the two-step onboarding process and visit the mutual funds section on the website. You will find SIP and lumpsum investment methods. Choose the former, along with your preferred mutual funds, SIP amount and frequency and set standing instructions for us to debit the SIP amount from your linked bank account every month.
See lessHow to invest in Mutual funds?
The process of how to invest in mutual funds online is Simple. Just log onto the Mirae Asset website. With our state-of-the-art onboarding facility and our 2-step investment process, you can sign-up and start investing in as little as 5 minutes**. We offer several fund profiles and payment options aRead more
The process of how to invest in mutual funds online is Simple. Just log onto the Mirae Asset website. With our state-of-the-art onboarding facility and our 2-step investment process, you can sign-up and start investing in as little as 5 minutes**. We offer several fund profiles and payment options as well. This allows you to tailor your investment as per your needs.
See lessWhat are the basics of mutual funds?
The basics of mutual funds in India are very easy to understand. You pay a mutual fund company a certain amount of money, either in the form of regular payments (known as the systematic investment plan or SIP) or one lumpsum amount. The mutual fund company then creates a pool (of your investments anRead more
The basics of mutual funds in India are very easy to understand. You pay a mutual fund company a certain amount of money, either in the form of regular payments (known as the systematic investment plan or SIP) or one lumpsum amount. The mutual fund company then creates a pool (of your investments and those of others) and uses it to buy certain stocks and bonds. The mutual fund company then pays you dividends based on the performance of the stocks and bonds.
See lessIs physical delivery of commodities a mandatory requirement?
Yes, SEBI has made mandatory for taking or giving delivery of commodities upon the completion of the trade. There are three types of delivery mechanisms that are prevalent in the commodity market. These are compulsory delivery, sellers’ option, and intention matching. In compulsory delivery, all opeRead more
Yes, SEBI has made mandatory for taking or giving delivery of commodities upon the completion of the trade.
There are three types of delivery mechanisms that are prevalent in the commodity market. These are compulsory delivery, sellers’ option, and intention matching.
In compulsory delivery, all open positions, upon expiry of contracts, need to be settled physically.
In the sellers’ option, sellers will have an edge while selecting the delivery location and quantity.
In intention matching, physical delivery of commodities happens only when both buyer and seller agree to exchange the physical commodity.
Traders are advised to check and understand the applicable delivery mechanism before going ahead with the trade.
See lessWhat is the settlement process in commodity trading?
Settlement in commodity trading involves tallying raised and pending buy and sell instructions, and subsequently transferring the ownership of said commodities from the seller to the buyer in lieu of the funds exchanged. The commodity trading settlement process includes the following steps: The releRead more
Settlement in commodity trading involves tallying raised and pending buy and sell instructions, and subsequently transferring the ownership of said commodities from the seller to the buyer in lieu of the funds exchanged. The commodity trading settlement process includes the following steps:
The relevant trade details are sent to the clearing corporations by the applicable commodity exchanges
See lessThereafter, the clearing corporation informs the buyers and sellers regarding their obligations and pay-in advice on funds
The underlying clearing banks are sent a communication to ensure that they make funds available by the pay-in time
The clearing banks debit the account of the clearing member and credit the same amount to the account of the clearing corporation to complete the pay-in of funds for executed trades
In the case of pay-out of funds, the clearing bank credits the account of clearing member upon the instructions of the clearing corporation
Which are the Commodity Trading exchanges in India?
Commodity trading happens in dedicated exchanges created for this purpose. Some of the prominent ones in India include: The National Commodity & Derivatives Exchange Limited (NCDEX) - for agricultural pulses, products such as grains (flour, barley, maize, paddy), seeds, soybean, oil, cotton, spiRead more
Commodity trading happens in dedicated exchanges created for this purpose. Some of the prominent ones in India include:
The National Commodity & Derivatives Exchange Limited (NCDEX) – for agricultural pulses, products such as grains (flour, barley, maize, paddy), seeds, soybean, oil, cotton, spices (sugar, black and white pepper, cumin, turmeric, coriander, anise, cardamom, cinnamon) etc.
See lessThe Multi Commodity Exchange of India Limited (MCX) – for billions of precious metals like gold or silver coins, guineas, bars, base metals such as aluminium, lead, zinc, nickel, energy sources like crude oil, natural gas, agricultural items such as rubber, palm oil, cotton, exotic spices, etc.
The Indian Commodity Exchange Limited (ICEX) – for most of the agricultural products as listed above, fiber and jute, and diamonds and steel as well.
The commodity market in India is regulated by which entity?
Up until Sep 2015, Forward Market Commission (FMC) was the commodity market regulator in India. This commission was governed by the Ministry of Consumer Affairs. However, since Sep 2015, the Securities and Exchange Board of India has become the sole commodity market regulator in the country ensuringRead more
Up until Sep 2015, Forward Market Commission (FMC) was the commodity market regulator in India. This commission was governed by the Ministry of Consumer Affairs. However, since Sep 2015, the Securities and Exchange Board of India has become the sole commodity market regulator in the country ensuring fair trading. The Commodity Derivatives Market Regulation Department (CDMRD) is appointed to carry out the daily operations under SEBI’s rules and guidelines.
See lessIs it mandatory to provide income proof documents to activate a commodity trading account?
Yes, commodity trading is classified as derivatives trading. Per SEBI guidelines, if you wish to conduct derivatives trading, you must submit your income proof documents. The list of valid income proof documents include A copy of your Bank Account Statement for the last 3 months A copy of your DEMATRead more
Yes, commodity trading is classified as derivatives trading. Per SEBI guidelines, if you wish to conduct derivatives trading, you must submit your income proof documents. The list of valid income proof documents include
A copy of your Bank Account Statement for the last 3 months
See lessA copy of your DEMAT account holding statement
A copy of Form 16
Latest Salary Slip
Copy of duly filed Tax Returns
Net Worth Certificate
Copy of Annual Accounts.
On what exchange does commodity trading occur, and what are the timings?
In India, commodity trading takes place on six exchanges, namely: Multi Commodity Exchange (MCX) National Multi Commodity Exchange (NMCE) Indian Commodity Exchange (ICEX) National Commodity and Derivatives Exchange (NCDEX) The Universal Commodity Exchange (UCX) Ace Derivatives Exchange (ACE) The comRead more
In India, commodity trading takes place on six exchanges, namely:
Multi Commodity Exchange (MCX)
See lessNational Multi Commodity Exchange (NMCE)
Indian Commodity Exchange (ICEX)
National Commodity and Derivatives Exchange (NCDEX)
The Universal Commodity Exchange (UCX)
Ace Derivatives Exchange (ACE)
The commodity market timings depend on the type of commodity being traded. You can trade in agricultural commodities from IST 9:00 AM to 5:00 PM from Monday to Friday. The trade timings for non-agricultural commodities is IST 10:00 AM to 11:30 PM during summers and IST 10:00 AM to 11:55 PM during winters from Monday to Friday.