How to use TMS ? And how to trade shares ?
Recently, the number of investors trading in the stock market has been increasing day by day. Investors seem to be attracted to the fact that shares can be traded online.When the trading of shares started in Nepal, it was necessary to go to the bank and apply for the purchase of shares.
Then I had to go to the broker’s office and shout and order. Over time, share trading has also become possible online. Which we call TMS.According to Nepse, on an average, more than 80 percent of transactions are done online only. According to Nepse, the number of TMS recipients has reached around 350,000.
According to statistics, more than 2.88 million people have opened demat accounts so far. Similarly, the number of people opening my shares is more than 1.5 million.Looking at the statistics, the number of demat and my share openings has more than doubled in the last one year alone.
Due to the IPO of the company and the recently evicted Nepal Infrastructure Bank, which took place at the beginning of the Corona epidemic, the number of demat and my shareholders has increased significantly.
It seems that people have started investing their
savings in stocks as even small investments can be traded.Half a million rupees is not enough to start any other business. But to invest in shares, you can start with only 20,000 or you can start investing with less money.
What is TMS ?
TMS is a complete form of trade management system. It is used to trade shares online. Traditionally, shares were traded only after going to the broker’s office and ordering the purchase or sale of shares orally or in writing.
But after the arrival of TMS, the investors who have availed this service are not obliged to go to the broker’s office. Investors can trade shares by logging in to computers, laptops, mobiles and other devices from their home, office or place of residence.
For this, first you have to go to a broker’s office and get TMS service. There is no charge for this. After updating the KY (Know Your Customer) form at the broker’s office, the form for TMS has to be filled. According to the broker’s office, TMS username and password will be sent to your email on the same day or the next day.
The broker’s office is also known by the number 1, 2, 3 along with their name. If you go to broker number 1 and get TMS service, you have to go to tms01.nepsetms.com.np and login using the username and password provided by the broker’s office. The broker’s office number is mentioned when logging in to TMS.
Once the username and password arrive, there is no problem in selling the shares you have. You can trade from 11 a.m. to 3 p.m., Sunday through Thursday, except on holidays. You can also trade in the 15 minutes from 10:30 am to 10:45 am in the pre-open session on those days.
To sell shares from TMS, you can sell by entering the name of the company, quantity of shares you want to sell and price after clicking on the order and going to sale option. In this way, it can be seen immediately whether the sale has taken place or not. In this way, the share price can be kept at a maximum and minimum of 2 percent above the current price.
How to open TMS Account ?
Similarly, when buying shares of a company from TMS, you can go to the buy order and put the name of the company, the amount you want to buy and the price. But for this you have to pledge 25% of the total amount you are going to buy in TMS.
You can keep TMS collator through IPS Connect through broker office. The amount seen in the collateral can be considered as 25 percent amount. For example, if you have Rs 25,000 in your collateral, you can buy shares up to Rs 1 lakh. The amount you pledged as an order and the shares you bought seems to have been spent.
If you buy the shares, the collateral will be returned to the old condition after the payment is made through the broker’s office or Connect IPS. There is a provision that the shares purchased in this way should be credited to your account within 3 days and if you sell the shares, the money can be credited to your bank account within 3 days.
How much does it cost to trade shares ?
Share trading is buying or selling. How much does it cost to buy or sell a share? That is, if you have traded up to Rs 50,000, you have to pay 0.4 percent fee, from Rs 50,000 to Rs 500,000, 0.37 percent, from Rs 500,000 to Rs 2 million, 0.34 percent fee, from Rs 2 million to Rs 10 million, 0.30 percent fee.
There is a fee of 0.27 percent for transactions above Rs. 10 million. Only 5 percent tax is levied on the money earned from the sale of shares, while the DP fee is Rs. 25 per transaction. Besides that