Nsuregrowth - Purchase Process
a. Receipt of Proposal
a. As an when the advisory finds a good opportunity for investments it send a proposal to the DMD. Once a discussion between advisory & DMD takes place over a call or via mail, after that the DMD receives the final investment offer from the advisories via mail.
Again a brief discussion of DMD with the advisory personnel ,Mr. Vinod Agarwal (CFO) & Mr. Bikash Dokania (HOD Accounts) takes place for the final approval to invest in a particular fund or not.
b. Approval
a. Once the approval is received by the DMD, the same email is forwarded to Partha to proceed with the investments. Partha contacts the advisory to request details of the investments being made and bank information for fund transfer.
c. Risk - Return Analysis
Upon receiving the proposal, the management evaluates several key factors before making any investment decisions. The prioritized considerations include:
The expected return on investment.
The lock-in period for the invested funds.
The associated risk factors of the investment.
The credibility and track record of the fund manager handling the investment.
d. Receipt of DIN Slip
a. DIN slip is the document through which the company purchase the bond. Upon receipt of a DIN Slip for the purchase of bonds, Partha promptly completes the necessary details. Occasionally, these details are pre-filled by the advisory.
b. DIN slip typically includes information such as the maturity date, maturity period, interest rate, and the amount to be invested in the bond. This slip is either delivered in hand by the advisory or mailed to Partha.
e. Approval of DIN Slip
Subsequently, the slip is reviewed, approved, and signed by Mr. Vinod Agarwal (CFO) and Mr. Bikash Dokania (HOD Accounts). It is then forwarded to the advisory, via mail or in hand and payment is processed.
f. Documentation
a. A request for certain documents is received from the advisory. These documents, such as PAN Card, Address Proof, Bank Proof, MOA, Board Resolution, etc., are then forwarded to the advisory. Previously, hard copies were dispatched by a peon, but since September 30th, 2023, due to new regulations by SEBI, scanned copies of these documents are requested to be uploaded on the fund house portal. Consequently, a representative from the advisory visits our office to scan and upload the documents for their records which is at the time of uploading approved by the OTP received on the mobile no. of the person ,whose Aadhar is given for proof (Mr. Vinod Agarwal)
g. Payment
a. Upon receiving the email containing the bank transfer details, Partha forwards the bank details and fund transfer information to the HOD requesting him for approving the payment marking Chandrani in the email .
The required payment is made through RTGS/NEFT as the case may be. To know the payment process please refer to the Head Bank & Cash Transactions where it is described in detail.
h. Confirmation of Payment
a. After making the payment to the fund house, Partha sends an email to the advisory containing the bank details, including the UTR No., to confirm that the payment has been successfully made to the respective fund house.