Navia Commodities Broker Pvt Ltd Now Member of National Spot Exchange Ltd (NSEL)

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Navia Commodities Broker Pvt Ltd Now Member of National Spot Exchange Ltd (NSEL). NSEL Trading Account E-SERIES Now Trading : E-GOLD E-SILVER E-COPPER E-LEAD E-Zinc. Buying Units. E-GOLD:1grm E-SILVER:100 grms E-COPPER:1Kg E-LEAD:1Kg E-Zinc:1Kg. Settlements. - PowerPoint PPT Presentation

Transcript of Navia Commodities Broker Pvt Ltd Now Member of National Spot Exchange Ltd (NSEL)

Navia Commodities Broker Pvt Ltd

Now Member of National Spot Exchange Ltd

(NSEL)

NSEL Trading Account E-SERIES

Now Trading :E-GOLD

E-SILVER E-COPPERE-LEADE-Zinc

Buying Units

E-GOLD : 1grm

E-SILVER : 100 grms

E-COPPER : 1Kg

E-LEAD : 1Kg

E-Zinc : 1Kg

SettlementsIntraday : T+1 Day

Next day - Payin before 11am.

Delivery : T+2 Days

Auction Settlement : T+4 Days

Trade Timing

Market open from MONDAY to FRIDAY.

Timing : 10am to 11.30pm

PURITY

• GOLD : 995 Grade Purity.

• SILVER : 999 Grade Purity.

Comparison of investment in E-Gold through different sources

Account Opening Charges

Documentation Fee : Rs250.

DP AMC * : Rs.1000 individual.

Rs.5000Corprate.

* DP AMC valid for 10 years

Exposure

• INTRADAY : 6 – 10 Times.

•DELIVERY: 4 Times .

Brokerage

• Brokerage * :

0.04% Intraday

0.40% Delivery

• Minimum Brokerage : Rs 30/- per day

* Statutory charges are applicable

Cost of Purchase

Particular E-GOLD E-SILVER

Min. Delivery Unit 1 gram (1 Unit) 100 gram ( 1 Unit)

No. of Unit 1 1 1

Purchase rate 2872.4 5704.5

Transaction Cost( 10 per lakhs)* 0.29 0.57

Brokerage @ 0.40% of purchase rate 11.4896 22.818

Stamp Duty @ 1/- per 1 Lakh of Transaction

0.03 0.06

Service tax @ 12.36% 1.4 2.8

Total Cost on purchase (per unit) 13.2096 26.248

Price comparison of Gold Coin purchase from various sources

Particulars E-Gold HDFB Bank State Bank of India

Jeweller

Brokerage 0.04% Service Tax 12.36% Net Cost 999 fineness 30,134 34003 31058 33552Price Difference E-Gold Coin vs Others 3869 925 2658

Physical Conversion Charge for Silver.

Silver Conversion charges(per coin/ bar)

100 Grams Rs. 100/-

1 Kg Rs. 200/-

5 Kg Rs. 200/-

Physical Conversion Charge for Gold.

Gold Conversion charges(per coin/ bar)

8 gms 200

10 gms 200

100gms 100

1 kg nil

Taxation liability on E-Series

WEALTH TAX: Under Section 3 of the Wealth-tax Act, it is applicable @ 1% of the amount by which the net wealth exceeds Rs.30.00 lakhs.