Nsuregrowth - Purchase Process
a. Identification of Idle Funds in case of liquid Investments
a. When excess funds are identified, either through observation by Mr. Vinod Agarwal (CFO) and Mr. Bikash (HOD Accounts), or upon notification from Anjana who notices the same when the bank account is credited ,as she receives the intimation whenever any bank transaction takes place on her phone( given by ICL), they opt to invest in liquid funds in accordance with the fund's terms when they are satisfied that the funds are idle
b. 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.
c. Approval
a. In case of investments other than liquid funds once the DMD sends his approval over mail , the further processing of the
b. Approval of DMD is not needed for investment in case of liquid investment funds. As an when there are surplus found, the investment is done simply at the direction of Mr. Vinod Agarwal (CFO) & Mr. Bikash Dokania(HOD Accounts) by Partha .
d. 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
e. Receipt of Details
a. Once the decision to invest in funds is made by Mr. Vinod Agarwal (CFO) and Mr. Bikash Dokania (HOD Accounts), they task Partha with initiating the investment process and coordinating with the advisory. Partha contacts the advisory to request the bank details and necessary documentation.
b. Upon receiving the request, the advisory forwards a transaction slip in hard copy, which requires signatures and approval from both Mr. Vinod Agarwal (CFO) and Mr. Bikash Dokania (HOD Accounts). After approval, the signed slip is returned to the advisory.
f. 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.
g. Confirmation
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.