Bajaj Finance Ltd.
Pune, Maharashtra, India:
Bajaj Financial Securities Ltd (BFSL) launched Bajaj Privilege Club (BPC) to provide unparalleled benefits of reduced brokerage and low interest rate margin funding to professional traders. With this launch, BFSL has a head start on the path of targeting advanced traders in the equity market who trade high value and high volume.
The brokerage industry is experiencing a growth in the investor base in the discount brokerage model. Continuing with its goal of strengthening its position in the discount brokerage space, BFSL recently launched its product – Bajaj Privilege Club (BPC). It is an annual subscription plan at just Rs 9999, offering exclusive privileges to its customers. Most important is the reduced brokerage @ Rs.5 / order across segments. Another is margin trade finance (MTF) at just 8.5% per annum. BPC subscribers can save significantly on brokerage fees and margin interest.
BPC is unique in the brokerage industry with its following characteristics:
- One of the lowest brokerage rates for Intraday, Futures and Options at just Rs.5 per order.
- Margin trade finance interest rate of 8.5% per annum, one of the lowest in the industry.
- Leverage up to 3.5 times in MTF delivery transactions to improve purchasing power
- The custodian participant account maintenance fee (PD AMC) is NIL.
Open a Demat and Trading account now and experience the incomparable services as a BFSL client under the Bajaj Privilege Club.
Benefits of the Bajaj Privilege Club
A margin trader only has to pay a portion of the value of the trade. The rest of the value is borne by the broker on whom he charges interest. BFSL offers one of the lowest MTF interest rates on the stock market, at just 8.5% per annum through the Bajaj Privilege Club. Trading on margin at such a low interest rate allows traders to take higher positions in the market. BFSL allows traders to hold MTF trading positions for up to 365 days.
If a trader wants to invest Rs.20 lakhs hoping to make a profit after 20 days and the required margin is 25%, the investor only needs to pay Rs. 5 lakhs when taking the job. BFSL will pay the remaining Rs. 15 lakhs, offering the trader the opportunity to take the trade. BFSL will charge interest on the MTF amount until the day’s position is squared. For BPC customers, the interest charged will be only Rs 23.28 / day for the MTF amount of Rs. 1 lakh.
With the backing of the country’s largest NBFC, Bajaj Finance Limited (BFL), Bajaj Financial Securities Ltd can conveniently offer liquidity to MTF traders.
Mr. Manish Jain, CEO of BFSL, said: “Serving a large customer base with MTF ease requires sufficient liquidity at the end of the brokerage. CRISIL has accredited BFSL with a corporate AAA / Stable credit rating based on its strong liquidity position. It illustrates our ability to respond to the financial needs of our clients in a dynamic manner. With a strong position in the financial services industry, our clients can benefit from the most competitive interest rates as well as top notch services.
Bajaj Financial Securities Ltd carries the legacy of trust from Bajaj Finance Ltd. with its wide range of capital market solutions. BFSL’s large customer base includes HNI / Ultra HNI and retail investors. BFSL is a registered member of NSE, BSE, CDSL and NSDL and therefore trusted traders for online trading in the equity and derivatives segments.