Hiya,
If I commerce solely on sooner or later of the week (instance: Friday), and for the remainder of the week – I don’t need my money to remain idle, would it not make sense to put money into liquidbees?
Instance: If I’ve 10 lakhs in money.At 3:20 on Friday, I purchase 1000 liquidbees price 10 lakhs.On Thursday, I promote the 1000 liquidbees – in order that by Friday morning, I’ve the whole sum of 10 lakhs in my account.
Be aware: I don’t need to pledge – as I want to use the whole sum of 10 lakhs.
Questions:
Do I obtain dividends on the day I purchase liquidbees or do the dividends begin getting credited after the liquidbees hit my DEMAT account?
Do I obtain dividends for six days (Friday to Wednesday) or 7 days (Friday to Thursday)?
As per my understanding, there isn’t a STT relevant. In order per the brokerage calculator, the full costs for this purchase + promote transaction could be INR 244.99 (as per Zerodha’s brokerage calculator minus STT).Is that this right?
In keeping with this hyperlink, as of now, we’re receiving 0.1512 dividends on a regular basis.
So for 1000 liquidbees, I must be receiving INR 151.2 price of liquidbees per day x 6 days (or 7?) = INR 907.2.In order that’s INR 907.2 minus INR 244.99 (costs) = INR 662.21 of revenue.Which comes as much as to 0.066% ROI each week.
Is my calculation right?
Thanks.
rahul30:
Do I obtain dividends on the day I purchase liquidbees or do the dividends begin getting credited after the liquidbees hit my DEMAT account?
Solely after you’ve gotten it in your demat. And settlement is T+2, so likelihood is, in what you are attempting to do, you may be getting curiosity just for in all probability 4 days of week
rahul30:
In keeping with this hyperlink, as of now, we’re receiving 0.1512 dividends on a regular basis.
As an alternative of utilizing 1 days quantity and extrapolating, Use dividend calculator of MF to get precise numbers for sure week unfold acorss yr. That may give higher concept. Final couple of months liquidity is tight and in a single day charges are excessive, however that is probably not case all year long
mf.nipponindiaim.com
Mutual Funds Dividend Calculator – Yield Calculator of Mutual Fund | Nippon…
Mutual Fund Return Calculator – Calculate your curiosity return for both SIP or lumpsum funding in mutual funds. Merely getting into the beginning & finish date. Make investments with NIMF.
Additionally word that quantity proven are gross earnings. What you may be getting is publish TDS, so precise quantity if unit getting credited will likely be much less
rahul30:
Which comes as much as to 0.066% ROI each week.
Precise will likely be much less on account of TDS and variety of days of week being thought-about.
I severely hope you’re doing this solely as a tutorial train and probably not need to implement this. If you happen to even have this want, I believe you’re higher off simply holding your cash in saving account. Use Zerodha IDFC 3in1 or one thing and returns could be a lot larger with minimal problem.
Withdrawing to sB account is healthier. You probably have account with zerodha, open one in IDFC. You’ve possibility of 1 click on switch. Rate of interest is respectable round 5 %. No costs for switch of funds additionally. Web foundation I really feel you’ll profit right here although I’ve not personally finished the mathematics.
Akash_Shah:
Solely after you’ve gotten it in your demat. And settlement is T+2,
Latest modifications should have LB additionally in T+1 settlement