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SMC Group, founded in 1990, is Indias leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). We are also amongst the first financial firms in India to expand operations in the lucrative gulf market, by acquiring license for broking and clearing member with Dubai Gold and Commodities exchange (DGCX). We provide platform for trading in NSE, BSE, F&O, NCDEX, MCX, MCX-SX, NMCE, ICEX & DGCX Our Strength and Services. SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2300+ offices spread across 450 cities/towns in India. We offer institutional and retail brokerage of equity, currency, commodities, derivatives, online trading, depository services, fixed Deposits, IPOs and mutual funds distribution, dedicated desk for NRI and institutional clients, insurance broking, clearing services, margin funding, investment banking, portfolio management, wealth advisory & research. We have a highly efficient workforce of over 6000 employees and over 7500 financial advisors serving the financial needs of more than 6,75,000 satisfied investors.

Winner of Best Equity Broking House for the year 2010 (Source: BSE-D&B) 4th largest broking house of India in terms of trading terminals (Source: Dun and Bradstreet, 2008) 5th largest sub-broker network in the country (Source: Dun and Bradstreet, 2007) 5th largest distributors of IPOs in retail in India (Source: Prime Data Rankings, March 2010) Awarded the Fastest Growing Retail Distribution Network in financial services (Source: Business Sphere, 2008) Received Major Volume Driver award from BSE for 3 years consecutively(2004-05, 2005-06 and 2006-07) Nominated amongst the top 3, in the CNBC Optimix Financial Services Award 2008 under "National Level Retail Category" Amongst the First Financial Firms in India to expand operations in the lucrative gulf market, by acquiring license for broking and clearing member with Dubai Gold and Commodities exchange (DGCX) One of the largest proprietary desk for doing near risk-free arbitrage in equities and commodities Institute of Economic Studies (IES) has honored our Chairman with the Pride of India and Udyog Rattan awards. Also, IIFS has conferred him with Glory of India award recently

National Spot Exchange Limited or NSEL is the national level, institutionalized, demutualised, transparent and Electronic Spot E xchange set up by Financial Technologies India Limited (FTIL) and National Agricultural Co operative Marketing Federation of In dia Limited(NAFED) to create a delivery based pan India spot market for commodities.

Commodities traded
NSEL conducts spot trading in various agricultural and non ag ricultural commodities, including Gold and Silver. However,Eseries is the new segment launched by NSEL, which is exclus ively designed to develop a cash segment of commodities for promoting savings and investment by retail investors in commo dities in demat form. E GOLD is the first instrument launched by NSEL under Eseries, which tracks physical gold prices and makes it availabl e in smaller denomination (in multiples of 1 gram) in demat form for sm all investors.

E-Series Product details


Contract Symbol E-GOLD *; E-SILVER *; E-COPPER* Trading period Mondays through Fridays (except Exchange specified holidays) 10:00 AM to 11:30 PM

Trading session

Trading unit

Settlement Cycle

1 unit of E-GOLD, equivalent to 1 gram of Gold 1 Unit of E-Silver, equivalent to 100 g of Silver 1 Unit of E-Copper, equivalent to 1 Kg of Copper T+2

Delivery Centers

Mum ai, Delhi, Ahmeda ad, Jaipur, Kol atta, ydera ad, Chennai Compulsory delivery. All open positions ( uy and Sell trades) must result into compulsory delivery in demat form on the designated delivery day.

Delivery Logic

Contract Symbol E-GOLD Trading period Trading session Trading unit Mondays to Fridays (except Exchange specified holidays) 10:00 AM to 11:30 PM 1 unit of E-GOLD, which is equivalent to 1 gram of Gold 995 purity (minimum - 10 paise per unit) 5% 10000 units Margin parameters Initial Margin Delivery Margin

Tick size Daily Price Range Max order size

In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day.

Contract Symbol E-SILVER Trading period Mondays to Fridays (except Exchange specified holidays) 10:00 AM to 11:30 PM One lot of 100 demated units of E-Silver, which is equivalent to 100 grams of Silver of 999 purity (minimum - 10 paise per unit) 5% 50000 units Margin parameters Initial Margin Delivery Margin

Trading session Trading unit

Tick size Daily Price Range Max order size

In case of additional volatility, a special margin of such percentage, as deemed fit, will e imposed immediately on oth uy and sale side in respect of all outstanding position, which will remain in force for the same trading day.
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Contract Symbol E-COPPER Trading period Mondays to Fridays (except Exchange specified holidays) 10:00 AM to 11:30 PM One Unit of E-Copper, which is equivalent to 1KG of Copper 0.05 / 1 KG / Unit 5% 50000 units Margin parameters Initial Margin Delivery Margin

Trading session Trading unit

Tick size Daily Price Range Max order size

In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day.

Parameter
Buy & Sale / Storage

NSEL E-Gold
Dematerialized Form

Gold ETF
Dematerialized Form

Bank
Physical Form

Jewellers
Physical Form

Pricing

Linked to Indian Gold Prices

Linked to International Gold Prices Yes

May vary

May vary

Impurity Expense for Storage

Cannot exist Nil

May exist Yes

May exist Yes

Security

Taken Cared by exchange

Taken care by fund house

Owners risk

Owners risk

Resale

Secondary Market

Secondary Market

May not be possible

At a discount.

E-Gold Particulars Delivery

HDFC Bank*

State Bank Of India

No. of Unit (Gram) Base Price `/gram( Previous close) Premium for 999 purity** Price for 999 fineness `/10 gram coin Brokerage @ ` 0.25% of purchase rate (`/Unit) Total Brokerage (`/10 gram) Service Taxs@10.30% on brokerage Delivery Charge (`/10 gram) Coin Making Charge (`/10 gram) Storage Charge ( `) Vat Tax (1%) Total Overheads (`/10 gram) Net Cost of 10 grams coin of 999 fineness ( `)

10 2064.10 8.30 20723.98


5.16 51.60 5.32 200.00 200.00 0.000 207.24 664.16

10 2417.00 0.00 24170.00


0 0 0 0.00 0.00 0.000 0.00 0.00

10 2218.00 0.00 22180.00


0 0 0 0.00 0.00 0.000 221.80 221.80

21,305.16 Price difference E-GOLD Coin Vs others ( `)


*Price quoted is inclusive of VAT ** NSEL E-GOLD is quoted for 995 purity

24170.00 2864.84

22401.80 1096.64

eweller*

Tanishq

10 2363.00 0.00 23630.00


0 0 0 0.00 0.00 0.000 0.00 0.00

23630.00 2324.84

Returns since launch E-Gold vs. Gold ETF AND SBIGETS ETF

Particulars
17th March 2010 (Launch Date) Per unit 23rd December 2010 (previous closed) (per unit) Profit (per unit) Return %

NSEL E-Gold
1700.80

Gold Bees ETF


1648.40

SBI GETS ETF


1680

2064.10

1986.65

2022.00

363.30 21.36

338.25 20.52

342 20.36

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Normal Market Description : T+2 Particulars Mark-to-Market Funds Normal Commodities normal Day T+1 T+2 T+2 Pay-in Up to 11:00 AM Up to 1:00 PM Up to 1:00 PM Pay-out At 12:00 Noon At 05:30 PM At 05:30 PM

Auction Market Description : T+2-AU Funds Commodities Auction + 2 Up to 1:00 PM Auction + 2 At 05:30 PM Up to 1:00 PM At 05:30 PM

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For DP account
Vat AMC TRANSACTION CHARGES 250

Delivery
1% 200 200

delivery charges making charges

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Trading account
REMETRIALISE 125 BROKERAGE PLEDGE 50 TRANSACTION CHARGES STAMP DUTY/OTHER CHARGES as per client commitment 1000 / Cr 100 / Cr
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SERVICE TAX

10.36

E-GOLD is the new incarnation of gold, innovated by National Spot Exchange (NSEL),which enables investors to invest their
funds into Gold in smaller denomination and hold it in demat form. It is available on the pan India electronic trading platform launched by National Spot Exchange, which can be accessed through members of NSEL or their franchises. It provides a unique opportunity to buy, accumulate, hold and liquidate Electronic Gold (E-GOLD) as well as to convert the same into physicalgold coin/ bar in a seamless manner. It is affordable, as it is available in multiples of 1 gram, which is within the reach of rural Bharat. While lower income group can use this product to park their paltry savings and accumulate wealth over a period of time, HNIs and institutional investors can use it for diversifying and balancing their investment portfolio. Transparent pricing:

E-GOLD is available on the order driven electronic trading platform, where investors are also allowed to

quote their own buying and selling price. The same price is available across the country and so, the buyers and sellers from anywhere in the country can buy and sell at this price. The impact cost (difference between buy and sale quote) is as low as Re 1. The price quoted on the screen are actionable price. Investors can buy or sell at this price. This ensures transparency, credibility and authenticity of pricing. Uniform pan India pricing: E-GOLD provides the benchmark uniform price of gold valid for the entire country. In physical market, the price varies from place to place and even though the price is relatively lower at some location, investors from other regions do not have access to buy at that price. a uniform price for the entire country. Hence, Common Indian Market.

E-GOLD removes such regional bias, disparities and ambiguity and provides E-GOLD is the first instrument in the country to implement the doctrine of

Low custodial charges and transaction fee: Compared to Gold ETF,

E- GOLD is around 10 times more efficient in respect of custodial charges. The cost of holding E-GOLD comes to around 0.4% per annum. In
monetary terms, it comes to 60 paisa per unit per month.
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Benefits

Holding in DP Low Risk Liquidity

Diversified Portfolio No MTM Pure Lack of Theft / Safe Custody Transparent Easy to Buy / Sale

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Feel free to contact SMC Comtrade Limited 11/6 B Shanti Chambers Pusa Road Delhi -5 Phone - 011-30111000 E-mail commodity@smcindiaonline.com Naushad Ansari 0965455588 or E-mail naushadansari@smcindiaonline.com Amanpreet 09717378886 or E-mail amanpreetsawhney@smcindiaonline.com

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