POSTED BY October 14, 2013 5:53 pm COMMENTS (6)ON
Having opened a new demat/trading account recently I set out to explore the world of investing. As I researched I discovered that index based ETFs are a safe and good way to invest in equities as –
While I read about the importance of the availability of a seller/buyer I didn’t pay much attention to it.
Today I set out to buy 3 ETFs – ICCNX100, PSUBNKBEES and NIFETF. While I successfully bought last two – 10 & 50 Nos. respectively, I couldn’t buy the first one due to some errors. After I spoke to SBICAPSEC customer care I realized that ICCNX100 is an illiquid scrip and can’t be traded online. A bit of preliminary research helped me understand that depending on trade volumes stock exchanges put the scrips in the illiquid list.
Now my question is,