Latest news with #ICICIDirect
Mint
6 days ago
- Business
- Mint
How to transfer shares to a nominee in ICICI Direct demat account? Step-by-step guide
When an ICICI Direct demat account holder passes away then transferring shares to the registered nominee helps in a seamless and legally compliant transition of assets. Now to facilitate the same, the share transfer process is streamlined by ICICI Direct, provided documentation is in order. Transferring of shares to a nominee helps in avoiding legal delays, succession disputes and the need to obtain a court issued succession certificate. In case a nominee is registered with ICICI Direct then they become the rightful transferee of the deceased's securities, enabling direct access to demat stock portfolio and holdings. Check out the step by step guide to help nominees navigate the process efficiently. For single holders : Log into go to Settings → Trading Nominee, and then add nominee details (name, relation, ID, share %). Do note, up to three nominees can be registered with a total allocation of 100%. : Log into go to Settings → Trading Nominee, and then add nominee details (name, relation, ID, share %). Do note, up to three nominees can be registered with a total allocation of 100%. For joint holders: Download the nomination form from the ICICI Direct 'Downloads' section. Fill in the details carefully, get all holders' signatures, and submit it physically at the nearest ICICI branch. Keep a copy of the same with you and the acknowledgement provided by the bank for future reference. The nominee has to submit the following essential documents for initiating the transfer: Transmission Request Form, this form is available on the ICICI Direct website. Attested death certificate of the account holder. Self-attested PAN and ID proof of the nominee. Client Master List (CML) from nominee's DP if different from ICICI. Indemnity bond (only if nominee was not registered properly or account opened before 2016). Note: The list of documents listed above are illustrative in nature. For the updated list of documents required refer to the official website of ICICI Direct and reach out to the respective customer service team of the brokerage firm. All the relevant documents must be submitted either at the ICICI Direct depository participant office or an ICICI Bank branch. For more details on the same first refer to the official website of ICICI Direct and speak to their customer service team. Post verification, shares are transferred directly to the nominee's demat account. Furthermore, any errors such as signature mismatches or missing documents will result in delaying the process and will require resubmission. You can seek help, keep yourself updated and track progress from the following channels: Helpdesk email: helpdesk@ Official website: Support options: Availability of live chat, support ticket system, customer support and 'Contact Us' portal available under the Help section of the website. You can also download transmission and nominee related forms from the 'Downloads' page Requirement Description Nominee registered Online or through physical form Transmission form Filled and signed by nominee Death certificate Attested copy required PAN & ID proof Self-attested nominee documents CML (if external DP) With DP stamp and signature Indemnity (if applicable) Only for old accounts or unregistered nominees Hence, transferring shares to a legitimate nominee in an ICICI Direct demat account ensures smooth, dispute free and seamless asset transfer after the death of the account holder. ICICI Direct provides a simple and structured step by step process with clear documentation and digital support to help nominees complete the transfer effectively. Disclaimer: The information provided in this guide is for general awareness only and may be subject to change. For the latest and most accurate details, nominees are advised to refer to the official ICICI Direct website or contact their customer support.
Time of India
24-06-2025
- Business
- Time of India
Buy the Dip: Dharmesh Shah sees midcap, smallcap rally ahead
On the downside we will believe 24,400 to 24,700 will act as a strong support for the Nifty ICICI Direct's Dharmesh Shah suggests a positive outlook for the Indian market, fueled by ceasefire news and falling crude oil prices. Nifty is expected to reach 25,700, with strong support between 24,400 and 24,700, indicating a buy-on-dip strategy. Shah recommends capital goods sector, particularly L&T, projecting a target of 3928 with a stop loss at 3570. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "The biggest resistance for the Nifty for last five weeks was around 25,200, we have been consolidating in this 700 points. We expect market to see a target of around 25,700 for Nifty in the coming few weeks. So, market likely to see 25,700 as a target. On the downside we will believe 24,400 to 24,700 will act as a strong support for the Nifty," says Dharmesh Shah , ICICI definitely, the market started on very positive news after the news of ceasefire by US or Iran-Israel and also supported by the falling crude oil prices, that is something a big sentiment positive for the biggest resistance for the Nifty for last five weeks was around 25,200, we have been consolidating in this 700 points. We expect market to see a target of around 25,700 for Nifty in the coming few weeks. So, market likely to see 25,700 as a target. On the downside we will believe 24,400 to 24,700 will act as a strong support for the any dip in market should be looked as a buying opportunity. So, we remain to be constructive positive for the market and again, I would say that the market breadth which is again a good indicator for the market, looks like there is a long way to go for the market because if you look at the midcaps and the smallcaps, we expect the action should now see a catchup activity in midcaps and smallcaps . So, it is clearly a buy on dip market for target of 25,700 for the if you look at the current structure of the market, the way that things seem to be setting up like you have a whole inflation and the interest rate cuts, the biggest beneficiary to this is again a capex driven capital goods as a sector we remain to be constructive positive for and the gradual recovery is expected for capital goods because the sector itself has seen a good correction of around 35% to 40% from the the capital goods we remain to be constructive positive for L&T. L&T again the stock has been witnessing a five months of falling trend line breakout supported by strong volumes and in the current corrective phase the stock seems to be finding a strong support at 20-day EMA, so keeping all things together looking at the weekly as well as the monthly chart, it looks like L&T should be looking for new high in the coming few days. So, yes, L&T for target of 3928, keeping a stop loss of 3570 we remain to be positive for L&T.
Economic Times
20-06-2025
- Business
- Economic Times
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower."Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements."The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels."Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market."Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness."While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
Time of India
20-06-2025
- Business
- Time of India
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower. "Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Philippines: Affordable Refrigerators for Sale - Check Out the Prices! Refrigerators | Search Ads Search Now Undo The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these stocks. Continuous purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels. Agencies "Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market." Live Events Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness. "While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said. Pandey said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
Economic Times
12-06-2025
- Business
- Economic Times
Is Nifty expensive? Why judge today's valuations through yesterday's lens, asks Pankaj Pandey
In the first half of the year, we may see pressure on the margin side but in the second half, deposits will also get repriced. In a market where the Nifty trades at 20 times FY27 PE, the immediate reaction is often to cry "overvaluation" based on historical standards. But Pankaj Pandey, Head of Retail Research at ICICI Direct, argues this approach is fundamentally flawed. The veteran analyst contends that India's benchmark index has undergone a structural transformation that renders historical comparisons obsolete. Companies like Reliance, which historically traded at 15-16x multiples, can no longer be evaluated through the same lens due to their evolved business models. Similarly, high-growth retail players like Trent commanding 67x forward multiples reflect a new breed of companies with different growth trajectories and market dynamics. "The composition of Nifty itself has changed," Pandey emphasizes, suggesting that while current valuations may appear rich, they're not necessarily overvalued when viewed through the prism of today's business realities rather than yesterday's can make mistakes. Please double-check responses. Edited excerpts from a chat: Do you think the smallcap rally is in sync with the Q4 results? How much of it is led by liquidity of retail and mutual funds? Pankaj Pandey: The challenge is that we tend to generalise midcap and smallcap a lot because only top 100 stocks are largecaps, next 150 are midcaps, and then the entire lot is smallcaps. So, it is a fairly large universe. There are some pockets where you are seeing valuation being extremely rich. There are some pockets where things are more or less sober. It is a stock picker's in general, most of the domestic macros are largely intact, in fact, getting better only, which is a positive tailwind for smallcaps to do well. Thus, we do not see any challenge with smallcaps not performing well. They get beaten down more when your macros turn worse and domestically, our macros are getting better only. So, from that perspective we do not see a challenge with midcap or smallcap as a category right from growth to valuation to even liquidity also. Do you think that smallcap froth that we saw last year is settled now? Pankaj Pandey: The way we look at corrections is that every year Nifty will have a tendency to correct at least 10 to 15 percent. And it can happen multiple times. Midcap and smallcaps, being riskier, the extent of correction could be 20-30 percent or more in individual stocks. So, what happened last year or even this year is not out of the blue. It is just that every time they correct and people start putting a picture that these are untouchables. You have a lot of smallcaps where the balance sheet is quite healthy and you do not have issues with at hospitals, for example. You have two hospitals which have a market cap of Rs 1 lakh crore - Max and Apollo. You also have the likes of HCG, Narayana Hrudayalaya. We like most of them. Do you think Q4 was the last of downgrades as far as earnings are concerned? Are we at the bottom of the downgrade cycle? Pankaj Pandey: That is what we would want to believe. FY25 was an election year. The entire commodity pack got impacted with cement and steel prices getting hit. GRMs were soft. Now quarter-on-quarter volume growth is picking up in cement. The EBITDA per tonne for most cement companies has been pretty good. Tata Steel is looking for a Rs 3,000 kind of a price hike. If you are making Rs 12000 EBITDA per tonne, Rs 3000 is a significant number as the entire benefit flows on the bottomline. Similarly, for the GRMs, while it is stable, the crude has come down, so we would want to stick to the marketing side, as they will do well unless the government intervenes. What is the kind of expectations that you are baking in from the Q1 earning season? Pankaj Pandey: In FY26 we are expecting ~11% kind of growth. Nifty is now trading about 20 times FY27 PE. One of the concerns that get highlighted is that the valuations are rich. But you have to break it down into company-wise. Let's look at RIL, which has the highest weightage in the index. You cannot expect Reliance which used to historically trade at 15-16 multiple to trade at similar multiples because the business model has undergone a in the retail space, Trent has been doing exceptionally well compared to the rest of the pack. This is one company which has been growing at 35-40% and trading at 67 times on a forward basis. So, it is commanding two-time PEG. The composition of Nifty itself has changed. We cannot be looking at the historical perspective and saying that the market multiples are beyond value. It is rich, but not overvalued, I would say. Nikhil Agarwal: As far as portfolio construction is concerned, what is your view on holding cash? Pankaj Pandey: Generally, we do not suggest holding a high proportion of cash because we have seen historically it is a very difficult call to take. Thus, we do not suggest customers to sit on cash big time. For example, if you do not like the market, then you take stocks which are pseudo cash. So, for example, when the market is bad, then you look for largecaps, you look for FMCG, or you look at the categories which will get less impacted. So, these are your FD kind of positions because you can get 7% or high single-digit returns there. But once the market changes gear, then you can potentially move to some riskier categories. For holding cash, you need luck to get prices at lower levels and most importantly, courage to deploy cash during such times. Whosoever has been waiting on the sidelines, probably has missed one leg of the rally. Nikhil Agarwal: Which sectors are you bullish on? Pankaj Pandey: We like the BFSI space. Within which, we like AMCs like Nippon and HDFC AMC. We also like banks, where you can't complain that valuations are rich. Banks can be something which can keep doing well, not to say that they will be the top performers, but they should be in your portfolio because most of the banks are looking good. The other factor is that the bulk of the FII selling is behind us. In banks, they are no longer negative. In the first half of the year, we may see pressure on the margin side but in the second half, deposits will also get repriced.
