Innova Captab Limited IPO Message Board (Page 15)

Milega chhunchhuna.....

The way all IPOs are getting listed, people are not much bothered about allotments anymore. They are able to get the same stocks on similar or lower range after listing in secondary market

Yes you can use it to apply IPO. The FD creation is automatic and is created for only 180 days

​@BIGGYBULL Yes you can Apply IPO via Kotak Linked FD Balance.
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​@kalki @Basuvr Thanks for info. What banks are you using for ipo via FD?

​@BIGGYBULL I am using ICICI Money Multiplier linked FD for IPO application and it is working fine for last 1 and half years..

​@BIGGYBULL ​ Kotak

Thank you for sharing @Vimal Garodia @Basuvr

Yes, activate active money for automatically creating short term Linked fd above certain amount, they are considered under your saving account balance for applying ipo.

​@Basuvr What is the Savings account balance threshold for kotak linked-fd?
& what's the threshold for active money?
Thanks in advance

​@BIGGYBULL I have a Kotak saving account (zero balance allowed).

I have kept funds upto 1 hni in saving account and rest funds are part of (manually created) F. Once FD is created, I link the FD with my Saving account. The funds of linked FD can be used for applying IPO and other reason as well. This is also called Sweep-in facility.

Suppose there is a debit transaction of 60k via cheque or UPI transaction and your balance is less than 60k then the last created FD breaks automatically.

Regarding Active Money, you can finds details at https://www.kotak.com/en/stories-in-focus/accounts-deposits/savings-account/activmoney-savings-account-vs-traditional-savings-accounts-which-is-right-for-you.html#:~:text=Kotak%20ActivMoney%20vs%20Traditional%20Savings%20Accounts&text=The%20Kotak%20ActivMoney%20account%20is,work%20earning%20FD%2Dlevel%20interest.

Hope this helps

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My humble opinion is do not use Active Money, which is nothing but auto sweep facility, where auto FDs are created after threshold amount.
There are many videos available explaining how bad this feature is.
Instead of auto sweep opt for the linked Fd, where control is in your hand.

Thank you for beautiful explanation @Basuvr

​@MVP Can you explain in shorts why we should avoid auto-sweep & consider linked fd? I think both have same type features. What's the problem here I am missing?

​@MVP Plz tell sir.

Please post the link

Yes, as this is single issue ongoing, it is expected to get allotment status by midnight or even early