• A

BOU
T US
• SMC is one of the leading and experienced brokerage house having its
corporate office in Delhi , besides offices in Mumbai, Kolkata and a
mammoth network of more than 500 offices spread across the country.
• Member of NSE, BSE, F&O, NCDEX, MCX, DGCX, Clearing Member in NSE
Derivative Segment & DGCX and ISO 9001: 2000 certified DP for shares and
commodities.
• We offer large avenues of Investment Solutions, catering to all classes of
Investors.
• Promoted and lead by a team of professionals having rich experience in the
capital markets of more than 15 years.
• Providers of one of the best trading platforms to trade in NSE, BSE, NCDEX,
MCX and DGCX.
• We have the most advanced, hitech inhouse R&D wing equipped with some
of the best people, process and technology resources providing complete
research solutions on Equity, Commodities, IPOs and Mutual Funds.
• SMC has expanded, globally by acquiring Trading & Clearing Membership of
Dubai Gold and Commodity Exchange(DGCX).
• SMC is contributing one of the highest average daily turnover in NSE, F&O,
BSE, NCDEX &MCX.

• Dedicated and highly motivated workforce of more than 1000 personnel

drawn from diverse academic backgrounds, such as CA, CS, ICWA, M.B.A and
IT.

VISION

To be a global major in providing complete investment solutions, with relentless

focus on investor care, through superior efficiency and complete transparency.

CORE
VALUES
FOUNDERS & PROMOTERS BEHIND OUR
SUCCESS
Mr. Subhash Chand Aggarwal Mr. Mahesh Chand Gupta
Mr. Subhash Chand Aggarwal, Chairman and Managing Director of SMC Global
Securities Ltd. and Mr. Mahesh Chand Gupta, Chairman and Managing Director of
SMC Comex (P) Ltd. are the founders and promoters of SMC. Both are chartered
accountants. They are an embodiment of professional excellence. They are the
visionaries who planted the sapling of the giant tree called SMC. With rock solid
reserve and firm commitment, they have shaped their vision to reality. They have a
rich experience of more than 20 years in the capital market. Their exceptional
leadership skills and outstanding commitment has made SMC as one of the leading
investment solutions and services provider. They both assign top priority to the
principles of transparency, honesty and integrity in all our dealings.

Both of them are professionals to the core. Their specialization in risk management
and surveillance and their disciplined style of working is an inspiration to the
workforce of SMC. Their experience of the securities as well as the commodity
market and their leadership qualities has made SMC a force to reckon with.

• PRODUCTS AND
SERVICES
• Equity Trading.
• Derivative Trading.
• Commodities Trading.
• Commodities Trading in International Markets through DGCX.
• Mutual Fund & IPO Distribution.
• Depository Services (ISO 9001:2000) for Shares & Commodities.
• Real time Internet Trading.
• Web based accounting.
• Research support to the clients through SMS and E-mails.

• Clearing Services for Trading Members in NSE F&O and DGCX..

• WHY
SMC
 • Investor care is of paramount importance at SMC.
• We offer large avenues of investment solutions for all classes of investors
under one roof.
• Our experience is one of our prized possession. We have an experience of
more than 15 years wherein we have grown phenomenally.
• Mammoth network of offices and our nation wide presence, ensures
personal touch and easy accessibility to investors across the country.
• One of the most competitive brokerage structure.
• Hassle free trading experience.
• Timely advice along with research support to the clients through SMS and E-
MAILS on EQUITIES, DERIVATIVES, COMMODITIES, IPOs and Mutual Funds.

GROWT
H
The following bar diagrams show the manifold increase in the client base achieved
by SMC in the last few years and also the turnover across securities as well as
commodities markets.
 • OUR
APPROAC
H
• VALUE FOR INVESTOR'S TRUST: We value the trust reposed in us by our
clients and are committed to uphold it at all cost.
• INTEGRITY AND HONESTY: We at SMC are men of integrity and believe in
transparency and discipline.
• PERSONALIZED ATTENTION: Our most valued asset is our relationship with
the clients, which we have built by giving personalized attention to all our
clients.
• NETWORK WHICH WORKS: We have a vast network extending to 130+cities
but we ensure that it WORKS for the investors in terms of accessibility,
convenience and hassle free trading experience.
• RESEARCH BASED ADVISORY SERVICES: We offer proactive and timely world-
class research based advice and guidance to our clients so that they can
take informed decisions.

Investme
nt at your
finger tips

Equity & Derivative Trading

SMC Trading Platform offers online equity & derivative trading facilities for investors who are
looking for the ease and convenience and hassle free trading experience. We provide ODIN
Application, which is a high -end, integrated trading application for fast, efficient and reliable
execution of trades. You can now trade in the NSE and BSE simultaneously from any
destination at your convenience. You can access a multitude of resources like live quotes,
charts, research, advice, and online assistance helps you to take informed decisions. You
can also trade through our branch network by registering with us as our client. You can also
trade through us on phone by calling our designated representatives in the branches where
you are registered as a client.
Clearing Services

Being a clearing member in NSE (F&O, Currency), BSE(F&O, Currency),MCX, MCX-SX,

NCDEX,and DGCX. We are clearing massive volumes of trades of our trading members in
this segment.

Commodity Trading

SMC is a member of 3 major national level commodity exchanges, i.e National Commodity
and Derivative Exchange(NCDEX), Multi Commodity Exchange (MCX) and National Multi
Commodity Exchange of India(NMCE) offers you trading platform of NCDEX, MCX and
NMCE. You can get Real-Time streaming quotes, place orders and watch the confirmation,
all on a single screen. We use technology using ODIN application to provide you with live
Trading Terminals. In this segment, we have spread our wings globally by acquiring
Membership of Dubai Gold and Commodities Exchange. We provide trading platform to
trade in DGCX and also clear trades of trading members being a clearing member.

Distribution of Mutual Funds & IPOs

SMC offers distribution and collection services of various schemes of all Major Fund houses
and IPOs through its mammoth network of branches across India . We are registered with
AMFI as an approved distributor of Mutual Funds. We assure you a hassle free and pleasant
transaction experience when you invest in mutual funds and IPOs through us. We are
registered with all major Fund Houses including Fidelity, Franklyn Templeton etc. We have a
distinction of being leading distributors of IPOs.Shortly we will be providing the facility of
online investment in Mutual Funds and IPOs

Online back office support

To provide robust back office support backed by excellent accounting standards to our
branches we have ensured connectivity through FTP and Dotnet based Application. To
ensure easy accessibility to back office accounting reports to our clients, we have offered
facilities to view various userfreindly, easily comprehendible back office reports using the link
My SMC Account.

SMC Depository

We are ISO 9001:2000 certified DP for shares and commodities. We are one of the leading
DP and enjoy the trust of more than 5.5 lacs investors. We offer a quick, secure and hassle
free alternative to holding the securities and commodities in physical form. We are one of
the few Depository Participants offering depository facilities for commodities. We are
empanelled with both NCDEX & MCX.

SMC Research Based Advisory Services

Our massive R&D facility caters to the need of Investors, who are continuously in need of
opportunities for striking rich rewards on their investment. We have one of the most
advanced, hitech inhouse R&D wing with some of the best people, process and technology
resources providing complete research solutions on Equity, Commodities, IPOs and Mutual
Funds. We offer proactive and timely world class research based advice and guidance to our
clients so that they can take informed decisions. Click on Research to unveil the treasure.
 SMC Investor Awareness Forum

Our dedicated team of professionals is conducting investor meet/seminars across India . We

believe that a well-informed investor is an empowered investor. We also seek your feedback
on our services in these Investor meets.
Investme
nt at your
finger tips

Equity & Derivative Trading

SMC Trading Platform offers online equity & derivative trading facilities for investors who are
looking for the ease and convenience and hassle free trading experience. We provide ODIN
Application, which is a high -end, integrated trading application for fast, efficient and reliable
execution of trades. You can now trade in the NSE and BSE simultaneously from any
destination at your convenience. You can access a multitude of resources like live quotes,
charts, research, advice, and online assistance helps you to take informed decisions. You
can also trade through our branch network by registering with us as our client. You can also
trade through us on phone by calling our designated representatives in the branches where
you are registered as a client.

Clearing Services

Being a clearing member in NSE (F&O, Currency), BSE(F&O, Currency),MCX, MCX-SX,

NCDEX,and DGCX. We are clearing massive volumes of trades of our trading members in
this segment.

Commodity Trading

SMC is a member of 3 major national level commodity exchanges, i.e National Commodity
and Derivative Exchange(NCDEX), Multi Commodity Exchange (MCX) and National Multi
Commodity Exchange of India(NMCE) offers you trading platform of NCDEX, MCX and
NMCE. You can get Real-Time streaming quotes, place orders and watch the confirmation,
all on a single screen. We use technology using ODIN application to provide you with live
Trading Terminals. In this segment, we have spread our wings globally by acquiring
Membership of Dubai Gold and Commodities Exchange. We provide trading platform to
trade in DGCX and also clear trades of trading members being a clearing member.

Distribution of Mutual Funds & IPOs

SMC offers distribution and collection services of various schemes of all Major Fund houses
and IPOs through its mammoth network of branches across India . We are registered with
AMFI as an approved distributor of Mutual Funds. We assure you a hassle free and pleasant
transaction experience when you invest in mutual funds and IPOs through us. We are
registered with all major Fund Houses including Fidelity, Franklyn Templeton etc. We have a
distinction of being leading distributors of IPOs.Shortly we will be providing the facility of
 online investment in Mutual Funds and IPOs

Online back office support

To provide robust back office support backed by excellent accounting standards to our
branches we have ensured connectivity through FTP and Dotnet based Application. To
ensure easy accessibility to back office accounting reports to our clients, we have offered
facilities to view various userfreindly, easily comprehendible back office reports using the link
My SMC Account.

SMC Depository

We are ISO 9001:2000 certified DP for shares and commodities. We are one of the leading
DP and enjoy the trust of more than 5.5 lacs investors. We offer a quick, secure and hassle
free alternative to holding the securities and commodities in physical form. We are one of
the few Depository Participants offering depository facilities for commodities. We are
empanelled with both NCDEX & MCX.

SMC Research Based Advisory Services

Our massive R&D facility caters to the need of Investors, who are continuously in need of
opportunities for striking rich rewards on their investment. We have one of the most
advanced, hitech inhouse R&D wing with some of the best people, process and technology
resources providing complete research solutions on Equity, Commodities, IPOs and Mutual
Funds. We offer proactive and timely world class research based advice and guidance to our
clients so that they can take informed decisions. Click on Research to unveil the treasure.

SMC Investor Awareness Forum

Our dedicated team of professionals is conducting investor meet/seminars across India . We

believe that a well-informed investor is an empowered investor. We also seek your feedback
on our services in these Investor meets.

“A journey of a thousand miles always begins with one wise step”

ng and selling of shares is now just a click away with SMC’s state-of-the-art Online Trading facility.

an unmatched advantage from the SMC E-broking Platform. One of the leading and experienced brokerage houses in India now presents inte
d trading services. Now, discover the world-class convenience of investing anywhere, anytime !

ovide seamless services to our customers we have categorized our services on the basis of our customer’s investment needs. So, choose
e Trading Account that is best suited to your profile :

National Stock Exchange is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commis
s, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-Laws o
nal Stock Exchange, SEBI Act or any other laws in force from time to time. The National Stock Exchange is not answerable, responsible or liab
information on this Website or for any services rendered by us, our employees, and our serva
Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commis
s, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-Laws o
k Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or
ny information on this Website or for any services rendered by us, our employees, and our servants."
Trading De
inct Features
Online Fund Transfer.
Trade in NSE, BSE and F&O on a single screen.
Real Time Streaming Quotes.
Instant Order/Trade confirmation in the same window.
Online connectivity to Back Office Reports.
Online IPO facility.
Back up facility to place Trades through our trading call center.

Indian Network | Overseas Network

SMC's diverse network ensures that its investors avail of prompt services whenever they might need them. SMC
has a presence in all the major cities of the country. The contact addresses of SMC Regional offices, across India
are given below.

SMC - CORPORATE OFFICE

11/6B, Shanti Chamber,Pusa Road,New Delhi-
110005
Tel.: 91-11-30111000
Fax: 91-11-25754365
E-mail:smc@smcindiaonline.com

SMC - REGIONAL OFFICES

Delhi-Daryaganj Mumbai
8B, 9B & 17, Netaji Subhash Marg, 1st Floor, Dheeraj Sagar,Opp. Goregaon Sports Club,
Daryaganj, New Delhi-110002, Link Road Malad(W), Mumbai-400064,
Tel.: 91-11-30111333 Tel.: Tel: 91-22-67341600,
Fax: 91-11-23263297 Fax: Fax: 91-22-28805606,
E-mail: smc@smcindiaonline.com E-mail: smcmumbai@smcindiaonline.com

Chennai Kolkata
2A, 2nd Floor, Mookambika Complex No 4, 18, Rabindra Sarani, Poddar Court, Gate No-4,
Lady Desikachari Road, Mylapore, Chennai-600004 4th Floor, Kolkata-700001
Tel.: 91-44-42108069, 42088256 Tel.: 91-33-39847000
Fax: 91-44-24661798 Fax: 91-33-39847004
E-mail: mylapore@smcindiaonline.com Email: kolkata@smcindiaonline.com
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COMMODITY GLOSSARY

A
AGDP – Agricultural Gross Domestic Product.

AGMARK: Agricultural Marking.

Arbitrage: Simultaneous buying and selling of the same asset in different markets
in order to capitalize on variations in price between those markets .

Ask price: Lowest price at which a dealer is willing to sell a commodity.

Assayer: Assayer is an authorized entity (person/institution) that certifies and grades the
commodities that are delivered in exchange accredited warehouses.

B
Backwardation: In futures market, when a commodity is in shortage, causing near
month contract to sell at a premium and distant month contract to sell at a discount
i.e. spot price of the commodity is higher than the forward price.

Bandhani: An Indian form of trading in which the contract price is not allowed to go
beyond floor and ceiling prices, set on the first day, throughout the life of the
contract, thus restricting excessive volatility.

Basis: Basis is price difference between a cash contract and a futures contract.

Beneficiary Account: A beneficiary account is a Demat account in the name of an

Individual (single or jointly). Such an account could also be in the name of a
Corporate, a partnership firm, a society and a trust. It is similar to a bank account.
This account is to be used for transacting in commodity balances held by the
account holder at Exchange accredited warehouses. These commodity balances
would have been – in a physical process set up – represented through a warehouse
receipt.

Bid Price: The highest price at which a dealer is willing to buy commodities .

Bid – Offer/Ask spread: The difference between the price at which a dealer is willing
to buy ( Bid ) and sell ( Offer/Ask ) a commodity . Bid will be lower of the two prices
and offer price the higher. Also known as impact cost.

BIS: Bureau of Indian Standards.

Bullion: The generic word for gold and silver.

Buying forward: Buying commodities at a specified price for delivery at a future

date.

C
Cash commodity: The actual physical product on which a futures contract is based.
This product can include agricultural commodities, financial instruments and the
cash equivalents of index futures.

Close out price: Close out price is the rate at which settlement of short delivery of
commodities is completed.

Closing Price: The price at the end of the day's trading on a commodity market.
Commodity: A physical substance, such as food, grains, and metals, which is
interchangeable with other products of the same type.

Commodity Deposit Form (CDF): The client has to fill up the Commodity Deposit
Form (CDF) and submit the same to the warehouse along with the assayer's report
after which the assayer gives a report of the quality of the commodities .The
Commodity Deposit Form is available with the warehouse.

Commodity exchange: A commodity exchange is an association, or a company or

any other body corporate organizing futures trading in commodities.

Commodity spreads (or straddles): Commodity spreads measure the price difference
between two different contracts, usually futures contracts.

Contango: Market scenario when the forward price of a commodity is higher than
the spot price.

Convergence: The tendency of difference between spot and futures contract to

decline continuously, so as to become zero on the date of maturity.

CCI - Cotton Corporation of India

CIF - Cost, Insurance & Freight

D
Delivery: The tender and receipt of the actual commodity or in the case of
agricultural commodities, warehouse receipts covering such commodity, in
settlement of a futures contract. Some contracts settle in cash (cash delivery), in
which case open positions are marked to market on the last day of the contract
based on the cash market close.

Delivery date: The day in the month that commodities on a futures contract have to
be delivered.

Delivery month: Specified month within which delivery may be made under the
terms of a futures contract.

Delivery notice: A notice of a clearing member's intention to deliver a stated

quantity of a commodity in settlement of a short futures position.

F
F.A.O . - Food and Agriculture Organisation

FCI - Food Corporation of India

FMC: Forward Market Commission is the Regulatory Authority in India for

commodity futures trading.

Forward price: The fixed price at which a specified amount of a commodity is to be

delivered on a fixed date in the future.
FREIGHTEX: Freightex is an index on NCDEX that represents simple average of the
freight rates per tonne across high-density routes for a distance of 1000 kilometers.

FUTEXAGRI: Futexagri is an equal- weighted index of commodities traded on NCDEX

based on the price of near month future contracts.

Futures contract: An agreement to buy or sell a fixed quantity of a specified

commodity , for delivery at a fixed date in the future at a fixed price. Futures
contracts are standardised agreements traded on Futures Exchanges.

G
GDP - Gross Domestic Product

GNP - Gross National Product

I
ICAR: INDIAN COUNCIL OF AGRICULTURAL RESEARCH.

IFFCO: Indian Farmers Fertiliser Cooperative Limited.

ISIN: ISIN is the Commodity Identification Number by which each commodity along
with its specific details is uniquely represented.

M
MCX: Multi Commodity Exchange of India is a de-mutualised online commodity
exchange of India promoted by Financial Technologies (I) Ltd, SBI, Fidelity
International, NSE, NABARD, HDFC Bk, SBI Life Insurance Co., Union Bank of India,
Canara Bk, Bank of India, Bank of Baroda and Corporation Bank.

MSCCGMF - Maharashtra State Co-operative Cotton Growers Marketing Federation.

MSP - Minimum Support Prices.

N
NABARD: National Bank for Agriculture and Rural Development.

NAFED - National Agricultural Co-operative Marketing Federation of India Limited.

NBOT: National Board of Trade (NBOT) is a national multi-commodity exchange

located at Indore.
NCDEX: National Commodity and Derivative Exchange of India is a de-mutualised
online commodity exchange of India promoted by NSE, ICICI Bk, LIC, PNB, CRISIL,
NABARD IFFCO and Canara Bk.

NCDEXRAIN: NCDEXRAIN is a rainfall index of NCDEX which tell us what percentage

of cumulative normal expected rainfall (till the date of the index) it has actually
rained taking into consideration average actual rainfall at both Colaba and Santa
Cruz weather stations in Mumbai.

NMCE: National Multi Commodity Exchange is the first De-Mutualised Electronic

Multi-Commodity Exchange of India located at Ahmedabad was granted the National
status on a permanent basis by the Government of India and operational since 26th
November 2002.

NNP - Net National Product

O
Offer price: Lowest price at which a dealer is willing to sell a commodity.

OCEIL: Online Commodity Exchange India Ltd. is a national multi-commodity

exchange located at Ahmedabad.

Open interest: The number of open or outstanding contracts on a commodity

exchange for which the holders are still obligated to the commodity exchange
concerned. No offsetting sale or purchase has yet been made against it. Open
interest is used as an indicator of the level of commercial activity in a particular
futures contract.

Open position: A long or short trading position that is not yet closed.

P
PDS: Public Distribution System.

Pool Account:? Member pool account is a Demat account opened by Trading

Members and / or Clearing Members of commodity exchanges. This account is
opened to facilitate the pay-in and payout process .

R
Rally: A considerable rise in the value of a commodity market after a decline.

S
Short position: Position resulting from a short selling strategy.
Short selling: A strategy in which a speculator sells a commodity that he or she does
not own in order to profit from a falling market. The speculator will borrow the
commodity from a third party and then immediately sell on to the buyer .

Speculator: A trader who takes an outright long or short position in the market.

Spot market: A market in which commodities are bought and sold for cash and
immediate delivery.

Spread: The difference between current bid and offer ( ask ) prices for a
commodity.

Settlement date: The date on which a contract must be fully paid for and delivered.

Settlement price: In futures markets, the price that is set by the exchange at the
end of each trading day and which is used by the clearing house to market open
positions and assess margin calls.

T
Trade date: The date on which a trade is executed for a specified value date

U
Unique Client Code: This code is allotted to all members of exchange that will tell
you about all details of clients.

W
Warehouse receipt: A warehouse or depository receipt is issued when delivery takes
place on a commodity exchange. It specifies the grade and quantity of commodities.

COMMODITY TRADING FAQ

Explain the Settlement Scenarios?

The following flowchart explains the probable scenarios.

Ipo faq
 IPO CLASS ROOM

The issue will allot new Equity Shares in dematerialized form in an amount equal to such shortfall
to the credit of the GSO Demat Account within 5 days of the end of the Stabilization Period. The
newly issued Equity Shares shall be returned by the Stabilizing Agent to the Green Shoe Lender in
final settlement of Equity Shares borrowed.

Even if you understand the process of exercise of Green Shoe Option but your confidence still not
built until you can't see the basis of allotment of Shree Renuka Sugars Ltd and H T Medial Limited.

Basis of allotment of Shree Renuka Sugars Limited

The Issue received 54299 applications for 54967992 equity shares resulting in 14.24 times
subscription. The details of the application received in the Issue from Qualified Institutional
Buyers, Non-Institutional and Retail Investor categories are as under:

Category No. of Applications No. of Shares Subscription

Qualified Institutional Buyers 72 40360380 17.42
Non Institutional Investors 252 7273600 18.84
Retail Investors 53975 7334012 6.33
Mutual Fund FAQ
Through SWP investors can redeem sums at a monthly or quarterly
frequency by giving a one-time instruction to the mutual fund. The
investor may choose to regularly withdraw either a fixed sum or
just the appreciation part of investment. With the help of SWP an
investor gets the following advantages:

• Investor gets regular funds inflow from their investments.

• Investors can automatically book their gains at a regular
interval.

How to analyse a mutual fund scheme?

There are various factors to be considered to analyse a mutual

fund scheme. There are various parameters that need to be taken
into account like corpus, returns, asset allocation, different types
of risk, etc. SMC provides a periodical report on various mutual
funds after an in depth analysis.

What are the risks associated with investment in Mutual Funds?

The following risks are involved with investment in Mutual Funds :

Market risk- If the overall stock markets fall on account of macro

economic factors, the value of stock holdings in the fund's portfolio
can drop, thereby impacting the NAV.

Non-market risk- Any negative news about an individual company

can adversely affect its stock price, which can affect fund's NAV if
the fund holding that stock in its portfolio. This risk can be reduced
by having a diversified portfolio that consists of a wide variety of
stocks drawn from different industries.

Interest rate risk- The risk is mainly found in debt oriented funds.
The debt securities are subject to the risk of interest rate
fluctuation in the country. When interest rates rise, then the value
of a debt security decreases and hence adversely affecting the
NAV and returns of the scheme.

Credit risk- When the funds invest in corporate debts, they run the
risk of the corporates defaulting on their interest and principal
payment obligations and when that risk crystallizes, it leads to a
fall in the value of the debt causing the NAV of the fund to take a
beating.

What is NFO?

NFO stands for New Fund Offer. Often an investment company

offers new funds to the public having opening date and closing
date for investing. Investors can invest in that scheme within that
time period (between open date of fund and close date of fund).
This kind of fund offer is called New Fund Offer.

What are the investment styles of the Fund Manger?