Hi All,
I have developed a recent interest in trading and hence want to make a start. I am an NRI and have a dematerialise account with ICICI.
I have following queries where I am actually stuck. I do not want to do daily trading but want to invest in shares for long term. Just buy few shares and keep it there for say 5 years. Your help in getting me started will be much appreciated.
1. What does a DAY, IOC OR VTC Order Validity stands for and which should I select?
2. When I click submit button I get a message stating 'Please select your PINS account to purchase shares in the secondary market:In case you do not have PINS account please open an account.'
I am not sure what this stands for and not sure what to do next. What is PINS account?
3. While investing in Mutual Funds I keep getting a crazy message stating 'It appears that you and/or your joint holders are US person or have indicia as per your KYC record with us. Only redemption will be allowed'.
When I checked my KYC it says Not Applicable. Well, I am in London so not sure why it mentions me as a US person.
I have absolutely no idea how to proceed further hence requesting your help.
Thanks
Mansoor
I have developed a recent interest in trading and hence want to make a start. I am an NRI and have a dematerialise account with ICICI.
I have following queries where I am actually stuck. I do not want to do daily trading but want to invest in shares for long term. Just buy few shares and keep it there for say 5 years. Your help in getting me started will be much appreciated.
1. What does a DAY, IOC OR VTC Order Validity stands for and which should I select?
2. When I click submit button I get a message stating 'Please select your PINS account to purchase shares in the secondary market:In case you do not have PINS account please open an account.'
I am not sure what this stands for and not sure what to do next. What is PINS account?
3. While investing in Mutual Funds I keep getting a crazy message stating 'It appears that you and/or your joint holders are US person or have indicia as per your KYC record with us. Only redemption will be allowed'.
When I checked my KYC it says Not Applicable. Well, I am in London so not sure why it mentions me as a US person.
I have absolutely no idea how to proceed further hence requesting your help.
Thanks
Mansoor