A Reliance Capital Company

​​​​FAQ​s​ on Quick Picks Portfolio

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All your doubts and questions, answered here.
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What is Quick Picks Portfolio?
Quick Picks Portfolio is a tool as well as a service which combines the power of Securities Trading and Portfolio Allocation to invest in a portfolio of stocks created by the Reliance Securities Research Team with a few clicks of the mouse.

How does Quick Picks Portfolio feature work?
The Quick Picks Portfolio feature essentially consists of selecting the desired Portfolio by the customer and then specifying the number of Quick Picks Portfolio that the customer wishes to purchase. Thereafter the customer has the option to either INVEST in the Portfolio in case he/she has enough ledger balance to meet the investment amount or ALIGN his/her existing Demat holdings. A detailed step-wise working of the Quick Picks Portfolio feature is given below:STEP-1SELECT:The customer will select the Portfolio in which he/she wishes to invest. The system will display the quantity to be purchased for each of the scrip’s in the basket as per the exposure assigned to the scrip and the price of a single basket. For Example: The price of a single basket of stocks is Rs.25,000 and the exposure assigned to Infosys is 10% and if the price of Infosys is Rs.2,500/- then only 1 stock of Infosys will be there in the Basket.STEP-2CALCULATE:The customer will then select the number of baskets of the selected Portfolio that he/she wished to purchase. The system will calculate the amount required to be invested based on the price of a single basket. In the above example, if the customer wants to purchase 5 baskets then Rs.1,25,000/- is required to be invested and 5 stocks of Infosys will be there in the cumulative Basket.STEP-3INVEST:The system will display a confirmation screen to the customer. Once the user confirms, subject to availability of Cash balance in the clients’ ledger, market orders for the requested units of stocks in the Quick Picks Portfolio will be submitted to the Exchange. The customer will be able to view the order status of each of the stocks in the order book and upon successful execution; the same can be viewed in the trade book. As per the T+2 settlements cycle the stocks will be delivered to the customer’s demat holdings.ALIGN:On selecting the ALIGN option the system will run automated program which will pull the stocks in the Demat holdings that are available for sale. Stocks will be pulled from Demat Holdings as per the following logic:On selecting the ALIGN option the system will run automated program which will pull the stocks in the Demat holdings that are available for sale. Stocks will be pulled from Demat Holdings as per the following logic:Stocks in Demat which are not a part of the Quick Picks Portfolio selected by the customer. Stocks in Demat which are a part of the Quick Picks Portfolio but are in excess of the proportion specified in the Quick Picks Portfolio.SELL:On selecting this option system will pull the stocks available in demat holdings that are available for sale based on the selected portfolio. Customer can modify/deselect the stocks from the portfolio and can even change the quantity but not more than the portfolio quantity or available demat holding. Customer can place limit or market order as per his preference and can view the status of the order in Order book.

What is the minimum amount to be invested in Quick Picks Portfolio?
The minimum amount to be invested in Quick Picks Portfolio depends on the price of one basket of the stocks selected by the client. The price of one basket of the portfolio is a function of the exposure and the market price of each of the stocks in the portfolio. For e.g. If a single basket of the Portfolio has 4 stocks of Infosys and 2 stocks of BHEL, assuming that the Market price of Infosys is Rs.2,500/- and the market price of BHEL is Rs.300/- then the unit price of the basket is Rs.10,600. As the market price of Infosys and BHEL change during the day the price of the basket will change. So, if the price of Infosys and BHEL changes to Rs.2,600/- & Rs.350/- respectively, then the price of the basket will change to Rs.11,100. The price of a portfolio displayed in the system changes with a delay of 5 minutes

Can all clients of Reliance Securities Limited avail this feature?
Currently, this feature is available free of cost to all Reliance Securities clients and hence they can avail this feature.

Can I place Quick Picks Portfolio Order based on collaterals available?
No, Quick Picks Portfolio Orders are placed as Cash n Carry (CNC) product where you can purchase only against free cash or sale of securities held in your demat account.

Can I place a Limit Order under Quick Picks Portfolio?
You can only place Market Orders while buying the portfolio. However, when aligning/selling the existing demat holdings/portfolio, you can place Limit Orders.

In which Exchanges can I place the Quick Picks Portfolio Order?
If a stock is listed on NSE and BSE, then the system will display NSE by default. If you want you can change the exchange to BSE. If a stock is listed on BSE only, then the system will display BSE as the Exchange.

What are the advantages of investing in Quick Picks Portfolio?
If a stock is listed on NSE and BSE, then the system will display NSE by default. If you want you can change the exchange to BSE. If a stock is listed on BSE only, then the system will display BSE as the Exchange.Arrangement of stocks in different criteria according to price, industry/sector, growth rate, market capitalization, profit goals, etc. Invest in a basket of stocks with a few clicks. Ability to easily align your existing Demat holdings to the portfolio.Facility of selling the portfolio at just one click.

Do I need to have sufficient cash in my ledger for placing Quick Picks Portfolio Order?
As Quick Picks Portfolio orders are placed under Cash n Carry (CNC) product type, the system will check before placing the order whether you have sufficient delivery limits available to place the order i.e. (Cash + sale proceeds).

If I don’t have enough cash in my ledger can I align my demat holdings to Quick Picks Portfolio?
Yes, you can align your demat holding to Quick Picks Portfolio even without any cash in your ledger. However the system will not allow you to invest in the new portfolio unless the sell orders of your demat holdings have been executed and your delivery limits have been updated and are sufficient to purchase the portfolio.

Can I place Quick Picks Portfolio Orders at any time during the day?
Yes, Quick Picks Portfolio orders can be placed like a normal CNC order anytime during the trading session.

Can I place Quick Picks Portfolio Orders through Call and Trade facility?
No, you cannot place Quick Picks Portfolio order using Call and Trade facility.

Where can I view the orders that I have placed?
Once you have confirmed the Order placement under Quick Picks Portfolio you can view the Order status in the Order book.

Where can I view the orders that have been executed?
Once the order has been executed you can view the same in the trade book.

How is the Quick Picks Portfolio price calculated?
The Reliance Securities Research team will come up with a portfolio by selecting stocks from a variety of sectors such that the risk is reduced due to diversification. Each portfolio will have stocks ranging from 3-5 stocks. The weight of each of the stocks as a percentage of the overall portfolio will be specified at the time of portfolio initiation. For e.g. If there are 3 stocks in the portfolio with the following exposures then the Quick Picks Portfolio Unit Price is arrived at by multiplying the quantity of each of the stocks in the basket by the Stock price.

STOCK STOCK PRICE APPROX EXPOSUREQUANTITY
INFOSYS2200 32% 5
CIPLA 300 28%25
HUL 320 30% 25
PORTFOLIO UNIT PRICE – Rs.26,500
Intelligence has been built into the system to calculate the quantity based on the stock price and the exposure of the stock in the portfolio. Accordingly the quantity will change based on the market price of the stock.The price gets updated with a delay of 5 minutes.

 

How frequently will the Quick Picks Portfolio be reviewed?
The Quick Picks Portfolios are prepared with short term investment horizon and the stocks are chosen on their fundamental performance for the specified investment horizon. The Reliance Securities Research Team will conduct a periodic review of the portfolio and in case a specific stock in the portfolio has outperformed or underperformed then such stocks may be exited from the portfolio and new stocks may be introduced in their place or the stock’s exposure in the portfolio may be reduced.

STOCK STOCK PRICE APPROX EXPOSUREQUANTITY
INFOSYS2200 31% 4
CIPLA 280 34%33
HUL 310 35% 30
PORTFOLIO UNIT PRICE – Rs.26,940
For e.g. In case 1 week/month from the date of Portfolio initiation, the exposure on Infosys is reduced to 31% and the exposure on Cipla and HUL is increased to 34% and 35% respectively. The system will calculate the quantity based on the stock price as below:The price gets updated with a delay of 5 minutes.

 

Is this facility offered on all scrips?
This facility is currently offered only on scrips which are included in the Portfolio created by the Reliance Securities Research team.

What would be the brokerage payable on scrips purchased under Quick Picks Portfolio?
Brokerage rates will be applicable as normal delivery transactions.

Can I sell my portfolio placed using Quick Picks Portfolio?
Yes, you can sell your portfolio using R - Sell functionality in Quick Picks Portfolio. You can sell the portfolio any time as per your preference.

Can I cancel orders placed using Quick Picks Portfolio?
It is advisable that you don’t cancel the orders placed using Quick Picks Portfolio. However after having placed the order using Quick Picks Portfolio, you can cancel orders which have not yet been executed from the Order book.

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