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We all know that for trading in Indian equity, we need to open trading or broking account with the NSE/BSE registered broker or sub-broker and a demat account with the DP participant registered with NSDL or CDSL. But you require following things for opening above said accounts.

Now a days all brokers and DP Participants are sending contract notes, circulars, trading tips and demat holding and transaction statements through email. Hence email id is must for opening trading A/c. You can open email ACCOUNT WITH Gmail, Aol, Yahoo, Hotmail, Rediffmail or Indiatimes. Register atleast two email IDs, one is for financial transactions and another is for personal use. My personal choice is Gmail and AOL.

3. Bank account

Net enabled bank account is required for transfer of funds to your trading account, withdrawing funds and to receive dividends. You enquire with your prospective broker for their tie-up with banks. I personally prefer HDFC Bank ( minimum balance Rs.5000) and ICICI Bank minimum balance (Rs.10000) as most of the Indian brokers have tieup with them. Those in metros can open ICICI Bank b2b bank account with Zero balance.

4. Address and ID Proof

You need two passport sized photographs, Copy of cancelled cheque, PAN Xerox, Xerox of passport or voter ID or Driving license or bank passbook or rent agreement or Ration card or Telephone bill or Insurance policy as ID and address proof.

Structur Product Details

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Imagine. You need to transfer Rs.10000 from your savings A/c held in SBI to you’re a/c held in ICICI Bank. Normally you will deposit SBI Cheque in the ICICI Bank (physically visit to ICICI Bank or ATM) or you can transfer money online through SBI online banking site. But ICICI Bank has introduced a new facility called “ Receive Fund”. You have to register (ONE TIME PROCESS) your other bank details at ICICI Bank website and take the printout of the debit mandate and sign it and get the signature of the other bank’s manger and submit it to any ICICI BANK branches. Your application will be approved within 21 days. Then whenever you require fund from other BANK A/C, you need to submit online instruction at ICICI bank’s online banking website and will receive the funds with in 4 days with out any cheque writing or physically visiting bank or ATM.

For FAQ, please click here.

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1. Punjab National Bank
2. Varun Shipping Co. Ltd
3. Balrampur Chini Mills Ltd (can be kept for long term)

JPMorgan Asset Management India Pvt. Ltd. announces the launch of its JPMorgan India Alpha Fund, an actively managed scheme that aims to produce returns from a portfolio in an all-seasons environment, irrespective of the Market conditions / Index Movements.
Product rationale
Aim to generate returns form a portfolio in an all-seasons environment Reduce the "market risk (beta)" by investing in "Stocks/derivatives with pair trades"
- Pair trades will illustrate our positive & negative convictions in stock ideas
-  The fund would endeavor to attain market neutrality by means of executing pair trades
-  Pair trades can be done on stocks and indices
Stock selection would generate the returns (alpha) of the fund
Investment Philosophy:
At all points of time, the net position in value terms will be close to zero as the fund endeavors to neutralize the market risk as an integral part of the strategy JPMorgan India Alpha Fund will endeavor to have a net market exposure of close to zero(in value terms)
The JPMorgan India Alpha Fund will be open for subscription from 31st July to 29th August 2008.

For offer document please click here.