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About us.SMC Group, founded in 1990, is India’s leading share and stock broker, provides a wide
range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). We are also amongst the first financial firms in India to expand operations in the lucrative gulf market, by acquiring license for broking and clearing member with Dubai Gold and Commodities exchange (DGCX). We provide platform for trading in NSE, BSE, F&O, NCDEX, MCX, MCX-SX, NMCE, ICEX & DGCX
Our Strength and Services.
SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2300+ offices spread across 450 cities/towns in India. We offer institutional and retail brokerage of equity, currency, commodities, derivatives, online trading, depository services, fixed Deposits, IPOs and mutual funds distribution, dedicated desk for NRI and institutional clients, insurance broking, clearing services, margin funding, investment banking, portfolio management, wealth advisory & research. We have a highly efficient workforce of over 6000 employees and over 7500 financial advisors serving the financial needs of more than 6,75,000 satisfied investors.
Our Credentials . Winner of Best Equity Broking House for the year 2010 (Source: BSE-D&B)
4th largest broking house of India in terms of trading terminals (Source: Dun and Bradstreet, 2008) 5th largest sub-broker network in the country (Source: Dun and Bradstreet, 2007)
5th largest distributors of IPOs in retail in India (Source: Prime Data Rankings, March 2010)
Awarded the Fastest Growing Retail Distribution Network in financial services (Source: Business Sphere, 2008)
Received Major Volume Driver award from BSE for 3 years consecutively(2004-05, 2005-06 and 2006-07)
Nominated amongst the top 3, in the CNBC Optimix Financial Services Award 2008 under "National Level Retail Category"
Amongst the First Financial Firms in India to expand operations in the lucrative gulf market, by acquiring license for broking and clearing member with Dubai Gold and Commodities exchange (DGCX)
One of the largest proprietary desk for doing near risk-free arbitrage in equities and commodities
Institute of Economic Studies (IES) has honored our Chairman with the ‘Pride of India’ and ‘Udyog Rattan’ awards. Also, IIFS has conferred him with ‘Glory of India’ award recently
National Spot Exchange Limited or NSEL is the national level, institutionalized, demutualised, transparent and Electronic Spot Exchange set up by Financial Technologies India Limited (FTIL) and National Agricultural Co‐operative Marketing Federation of India Limited(NAFED) to create a delivery based pan
India spot market for commodities.
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Commodities traded…
NSEL conducts spot trading in various agricultural and non agricultural commodities, including Gold and Silver. However,E-series is the new segment launched by NSEL, which is exclusively designed to develop a cash segment of commodities for promoting savings and investment by retail investors in commodities in demat form. E‐GOLD is the first instrument launched by NSEL under E-series, which tracks physical gold prices and makes it available in smaller denomination (in multiples of 1 gram) in demat form for small investors.
Contract Symbol E-GOLD *; E-SILVER *; E-COPPER*
Trading period Mondays through Fridays (except Exchange specified holidays)
Trading session 10:00 AM to 11:30 PM
Trading unit 1 unit of E-GOLD, equivalent to 1 gram of Gold 1 Unit of E-Silver, equivalent to 100 g of Silver 1 Unit of E-Copper, equivalent to 1 Kg of Copper
Settlement Cycle T+2
Delivery Centers Mumbai, Delhi, Ahmedabad, Jaipur, Kolkatta, Hyderabad, Chennai
Delivery Logic Compulsory delivery. All open positions (buy
and Sell trades) must result into compulsory
delivery in demat form on the designated delivery day.
E-Series Product details
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Contract Symbol E-GOLD
Trading period Mondays to Fridays (except Exchange specified holidays)
Trading session 10:00 AM to 11:30 PM
Trading unit 1 unit of E-GOLD, which is equivalent to 1 gram of Gold 995 purity
Tick size (minimum - 10 paise per unit)
Daily Price Range 5%
Max order size 10000 units
Margin parameters
Initial Margin Delivery Margin
In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day.
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Contract Symbol E-SILVER
Trading period Mondays to Fridays (except Exchange specified holidays)
Trading session 10:00 AM to 11:30 PM
Trading unit One lot of 100 demated units of E-Silver, which is equivalent to 100 grams of Silver of 999 purity
Tick size (minimum - 10 paise per unit)
Daily Price Range 5%
Max order size 50000 units
Margin parameters
Initial Margin Delivery Margin
In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day.
Contract Symbol E-COPPER
Trading period Mondays to Fridays (except Exchange specified holidays)
Trading session 10:00 AM to 11:30 PM
Trading unit One Unit of E-Copper, which is equivalent to 1KG of Copper
Tick size 0.05 / 1 KG / Unit
Daily Price Range 5%
Max order size 50000 units
Margin parameters
Initial Margin Delivery Margin
In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day.
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Parameter NSEL E-Gold
Gold ETF Bank Jewellers
Buy & Sale / Storage
Dematerialized Form
Dematerialized Form
Physical Form Physical Form
Pricing Linked to Indian Gold Prices
Linked to International Gold Prices
May vary May vary
Impurity Cannot exist - May exist May exist
Expense for Storage
Nil Yes Yes Yes
Security Taken Cared by exchange
Taken care by fund house
Owners risk Owners risk
Resale Secondary Market Secondary Market May not be possible
At a discount.
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Price comparison of Gold Coin from various sources
E-Gold HDFC Bank* State Bank Jeweller*
Particulars Delivery Of India Tanishq
No. of Unit (Gram) 10 10 10 10
Base Price `/gram( Previous close) 2064.10 2417.00 2218.00 2363.00
Premium for 999 purity** 8.30 0.00 0.00 0.00
Price for 999 fineness `/10 gram coin 20723.98 24170.00 22180.00 23630.00
Brokerage @ ` 0.25% of purchase rate (`/Unit) 5.16 0 0 0
Total Brokerage (`/10 gram) 51.60 0 0 0
Service [email protected]% on brokerage 5.32 0 0 0
Delivery Charge (`/10 gram) 200.00 0.00 0.00 0.00
Coin Making Charge (`/10 gram) 200.00 0.00 0.00 0.00
Storage Charge ( `) 0.000 0.000 0.000 0.000
Vat Tax (1%) 207.24 0.00 221.80 0.00
Total Overheads (`/10 gram) 664.16 0.00 221.80 0.00
Net Cost of 10 grams coin of 999 fineness ( `)
21,305.16 24170.00 22401.80 23630.00
Price difference E-GOLD Coin Vs others ( `) 2864.84 1096.64 2324.84
*Price quoted is inclusive of VAT ** NSEL E-GOLD is quoted for 995 purity
Particulars NSEL E-Gold
Gold Bees ETF
SBI GETS ETF
17th March 2010 (Launch Date)Per unit
1700.80 1648.40 1680
23rd December 2010(previous closed)(per unit)
2064.10 1986.65 2022.00
Profit (per unit) 363.30 338.25 342
Return % 21.36 20.52 20.36
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Returns since launch E-Gold vs. Gold ETF AND SBIGETS ETF
Normal Market Description : T+2
Particulars Day Pay-in Pay-out
Mark-to-Market T+1 Up to 11:00 AM At 12:00 Noon
Funds – Normal T+2 Up to 1:00 PM At 05:30 PM
Commodities - normal
T+2 Up to 1:00 PM At 05:30 PM
Auction Market Description : T+2-AU
Funds Auction + 2 Auction + 2 Up to 1:00 PM
Commodities Up to 1:00 PM At 05:30 PM At 05:30 PM
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For DP account
AMC 250
TRANSACTION CHARGES 24
REMETRIALISE 125
PLEDGE 50
SERVICE TAX 10.36
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Delivery
Vat 1%
delivery charges 200
making charges 200
Trading account
BROKERAGEas per client commitment
TRANSACTION CHARGES 1000 / Cr
STAMP DUTY/OTHER CHARGES 100 / Cr
E-GOLD is the new incarnation of gold, innovated by National Spot Exchange (NSEL),which enables investors to invest their funds into Gold in smaller denomination and hold it in demat form. It is available on the pan India electronic trading platform launched by National Spot Exchange, which can be accessed through members of NSEL or their franchises. It provides a unique opportunity to buy, accumulate, hold and liquidate “Electronic Gold (E-GOLD) as well as to convert the same into physicalgold coin/ bar in a seamless manner.
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It is affordable, as it is available in multiples of 1 gram, which is within the reach of “rural Bharat”. While lower income group can use this product to park their paltry savings and accumulate wealth over a period of time, HNIs and institutional investors can use it for diversifying and balancing their investment portfolio.
Transparent pricing: E-GOLD is available on the order driven electronic trading platform, where investors are also
allowed to quote their own buying and selling price. The same price is available across the country and so, the buyers and sellers from anywhere in the country can buy and sell at this price. The impact cost (difference between buy and sale quote) is as low as Re 1. The price quoted on the screen are actionable price. Investors can buy or sell at this price. This ensures transparency, credibility and authenticity of pricing.
Uniform pan India pricing: E-GOLD provides the benchmark uniform price of gold valid for the entire country. In
physical market, the price varies from place to place and even though the price is relatively lower at some location,
investors from other regions do not have access to buy at that price. E-GOLD removes such regional bias,
disparities and ambiguity and provides a uniform price for the entire country. Hence, E-GOLD is the first instrument
in the country to implement the doctrine of “Common Indian Market.”
Low custodial charges and transaction fee: Compared to Gold ETF, E- GOLD is around 10 times more efficient in
respect of custodial charges. The cost of holding E-GOLD comes to around 0.4% per annum. In
monetary terms, it comes to 60 paisa per unit per month.
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Benefits…
Contact DetailsFeel free to contact
SMC Comtrade Limited11/6 B Shanti Chambers Pusa Road Delhi -5
Phone - 011-30111000 E-mail – [email protected]
Naushad Ansari – 0965455588 or E-mail [email protected]
Amanpreet – 09717378886 or E-mail [email protected]
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