What is the meaning of Z Group shares?
A Z-share is a class of mutual fund shares that employees of the fund’s management company are allowed to own. Employees may have the option to buy Z-shares. They are also used in employee benefit plans and offered as a part of compensation or through a reward package.
What is Z Group shares in BSE?
The ‘Z’ group was introduced by BSE in July 1999 and includes companies which have failed to comply with its listing requirements and/or have failed to resolve investor complaints and/or have not made the required arrangements with both the depositories, viz., Central Depository Services (I) Ltd.
What is B category share?
What Are Class B Shares? Class B shares are a classification of common stock that may be accompanied by more or fewer voting rights than Class A shares. Class B shares may also have lower repayment priority in the event of a bankruptcy.
What is t2 T group?
Trade to trade stocks (T2T) represents a segment where any purchase or sale has to result in compulsory delivery. Only stocks that are not available for trading in the F&O segment are considered for transfer T2T segment. That means; stocks that are available for F&O trading will not be shifted to the T2T segment.
What is Grade A stock?
A Grade. A grade items are in excellent condition and are as close to brand new as you can get. These will be the items that have been returned due to undelivered goods, damaged packaging or unwanted items that may have been used very briefly and then returned.
What is ay fund?
A Y-share is an institutional share class offered in open-end mutual funds—having a high minimum investment—generally $25,000 or more. These shares offer a limited or waived load charge or lower comparative total annual fee.
Is intraday allowed in BSE?
The stock is in a category where regulations don’t allow intraday trading (i.e. in Trade-to-Trade, ASM, GSM, or Unsolicited SMS category stocks).
What is a Class C stock?
Class C shares are a class of mutual fund share characterized by a level load that includes annual charges for fund marketing, distribution, and servicing, set at a fixed percentage. These fees amount to a commission for the firm or individual helping the investor decide on which fund to own.
Can we sell T2T shares?
T2T stocks can only be sold when they have been delivered to your Demat account, i.e two days from placing the order ( T+2 ) days. Whether a scrip is T2T or not is jointly decided by the stock exchanges in consultation with Sebi.
What is t5 in share market?
5-Day Margin is a leveraged trading facility. You can create positions under this product that can be squared off, or converted to delivery till T+5 days (T= Trade date) on or before the specified time. You have an option to square off the position, or convert to delivery till next Monday (i.e., 5 trading days).
Does grade a mean brand new?
Brand New: This will include all brand new stock and can be expected to be in full working order. Grade A: Can be considered as ‘good as new’ and expected to be in working order, unless otherwise stated within the product description.
What kind of share is a Z share?
He is an expert trader, investment adviser, and global market strategist. What Is a Z-Share? A Z-share is a class of mutual fund shares that employees of the fund’s management company are allowed to own. Employees may have the option to buy Z-shares.
Is it safe to invest in group Z shares?
Group ‘Z shares should be avoided as they fail to comply with even the exchanges listing requirement So, as ‘A group shares command a higher trading volume they typically offer high liquidity and are considered safe for investing as well as trading purpose.
When do you transact Z shares in a mutual fund?
Open-end fund Z-shares must be transacted at the forward price, which is its next reported net asset value. Overall, mutual fund companies structure their offerings to include Z-shares as a firmwide incentive. Z-shares are a valuable instrument that mutual fund companies can use in all types of employee compensation.
What kind of expenses do Z share investors pay?
While Z-share investors will pay the same management and miscellaneous fund expenses as other investors, their expenses usually do not include distribution or service fees since they are bought and sold directly through the management company without the involvement of an intermediary.