Nsuregrowth - Purchase Process
a. Risk 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.
b. Proposal
a. The proposal for this investment was put forward my Mr. Bikash Dokania which was approved by DMD over call.
c. Initiation
a. A mail is sent to the the bank from the companies registered mail id communicating the interest to invest in a particular fund & requesting the required details so as to be able to invest the equity shares
d. Documentation with Bank
a. When the request to invest in EQ share is sent to bank , a transaction slip to fill in the details is sent by the bank to the company .
b. The details of investment such the amount to investment , no. of shares & other details are filled in & then sent to bank after being approved & signed by Mr. Vinod Agarwal (CFO) & Mr. Bikash Dokania (HOD Accounts).
e. Blocking of Funds
a. After the approved form is sent the funds are locked by the bank and then bank intimates us about the balance left in the account after blocking the funds via mail.
f. Payment
a. If the company is allotted the shares then once the units are in the demat account the fund is automatically credited from the companies bank account .
The whole process is done by a mail sent to bank by the companies registered mail id & is monitored by Mr. Bikash (HOD Accounts).