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Personal Finance Blog India –

NSEL e-Series:


1.What is NSEL?

NSEL is a National Spot Exchange Ltd,a new face of commodity market which offers different products to retail investors.It is a market similar to cash equity market.

2.What is e-series of NSEL and which products are available?

E-series consists of series of commodity products available for investors in smaller denominations.It provides unique opportunity to investors to buy,accumulate,hold,liquiidate commodities as well as to take physical delivery of the same.

Currently following products are available under e-series:

e-gold,e-silver,e-copper,e-zinc,e-lead.

3.What are benefits of e-series?

It is Simple,affordable and transparent.One can hold commodities in electronic mode without contract specific risk as in futures market.

4.What are the charges associated with e-series trading?

Most of the brokers charge one time account opening charges,annual maintainance charges and buy-sell brokerages.Most of brokerages charges in the range of 0.5 -1% for each buy-sell transaction.There are no holding charges by exchange.

5.How to open NSEL trading account?

An individual can open a trading account with a NSEL registered broker.He is also required to open a beneficiary account with any DP empanelled with NSEL.It is necessory to hold commodities in demat form.Thereafter one can place orders via telephone or through online internet terminal.

6.What are trading timings of NSEL?

Trading is available from 10 AM to 11:30 PM.from Monday to Friday.

7.Can I take physical delivery?

Physical delivery is possible from exchange specified locations only.

For the purpose of exchanging units for physical delivery,the investor is required to surrender the units with request for getting physical delivery in desired denominations.He is required to pay charges decided by exchange time to time.

In case of Gold physical delivery is possible in terms of 8grams,10Grams, 100 Grams and 1 Kg.

For silver physical delivery is possible in terms of 100 Grams,1Kg,5Kg and 30 Kg.


Category: Commodities

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3 Responses

  1. Dear Sir
    Please provide more information on NSEL .I am a retired person from SBI and willing to invest my entire PF & GRATUITY amount in NSEL.
    Is there any risk . May I get better return through NSEL .I am aged 65 yrs Please advise me how much I must invest in NSEL ?
    SCPATHAK

    • admin says:

      Please don’t make this mistake.
      NSEL is a platform where you can purchase Gold / Silver and other base metals in demat mode.This is a spot market.
      There is a price based risk.
      Yes…but this is great alternative for Physical Gold / Silver considering the storage issues.you can think to invest your partial money say 10%-20% in NSEL account and buy with any deeps.
      For remaining money , think to invest in Fixed deposits of SBI only….as you are retired from SBI and should eligible for 1% more interest rate than other senior citizens.

      Thank you.

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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