Master Trust IPO Review
Master Trust Track Record Of Best Online Stock Broker In India
Master Trust IPO Review
Master Trust is a discount brokerage firm that is a part of Master Trust Capital Services Ltd. This brokerage firm was incorporated in the year 1985. The Capital Services Limited is one of the leading financial firm company in India.
This Master Trust Group has entered to the discount brokerage business since August 2014. The Master group has initiated to offer both the flat fees each trade and the standard trading plans. The company has successfully earned and developed the PAN India presence holding the client base of 2,50,000 that covers more than 300 locations across the 22 states in India.
Here, are some of the unique features of this discount broker.
1. It has a single trading and back-office software for all the segments that includes Equity, Currency, and Commodity. It has a single login for the trading and back-office software that makes it convenient.
2. It offers various flexible feature where in the balance across the various segments i.e. equity, derivatives and currency can be used as one single balance.
Understanding Master Trust IPO
IPO stands for Initial Public Offering. It’s a process through which any private limited company becomes a public limited company. Through IPO a company gets listed in stock market for the first time. The stock broker offers IPO facility to trade their shares directly to the investors.
The investors are generally categorized into three categories i.e. RIIs (Retail Individual Investors), NIIs (Non-Institutional Investors) and QIBs (Qualified Institutional Buyers). Each category of the investor id provided with fixed allotment quota of the shares.
Applying in an IPO through ASBA Process
Master Trust brokers does not provide IPO application services to its customers. But the customers using the services of Master Trust can apply in an IPO by using the ASBA facility offered to them by the banks. Most of the banks including ICICI Bank, HDFC Bank, Axis Bank and the other Self Certified Syndicate Banks accepting online IPO applications.
Making investments in an IPO through ASBA application is easy and quick. An individual needs to their demat account and bank details for applying in an IPO.
What are the steps to apply in an IPO by using ASBA Process?
Steps to make investment in an IPO through ASBA Net banking:
1. Login to the online portal of your bank.
2. Select an IPO application from the available investment options.
3. Fill in the IPO application with all the asked information.
4. Mention the Master Trust Demat Account.
5. The money further remains blocked for various IPO application till the finalization of allotments.
In case, the customers receive the IPO allotment then the money will be deducted from the bank account and the demat account will be credited with the shares automatically.
Frequently Asked Questions
Yes, It is good for the beginners. Even the customer has a little or no experience in trading, an individual will find that company armed with its exhaustive daily, weekly and monthly reports helps the customers to get a complete understanding of the overall behavior of industry.
It charges ₹20 per executed order for currency future trading and ₹20 per executed order for currency Options trading.
No. Master Trust does not provide trading tips for the stocks and commodity trading to its customers.
Master Trust capital was developed with two companies Master Capital Services Ltd and Arora financial consultants ltd in the year 1994 in Mumbai, Maharashtra.
It charges ₹0 for free equity delivery trade. These trades are known as Cash & Carry trades or CNC.
Yes. Master Trust provides online IPO application to its customers.
Master Trust charges ₹20 per executed order for equity, currency and commodity futures trading.
Yes, Master Trust is safe for trading. It is one of the top financial services company in the country.
Master Trust Capital has a hands-on research and analytics team with the tone of expertise that analyse data if various segments of the industry.
Master Trust charges ₹0 as an AMC for a trading account and ₹300 for a demat account. The AMC is charged to maintain the accounts.
Yes. It allows its customers to buy or sell mutual funds if they hold an account in Master Trust.
Master Trust charges ₹20 per executed order for Intraday trades. Such orders are also known as Margin Intraday Square-up or MIS orders.