Units of Nifty, NiftyJunior & Gold ETFs are sold via your broker. The fourth ETF present in the All Weather Investing smallcase is Reliance Liquid Bees. When you buy Reliance Liquid Bees ETF on the exchange via your broker, you always buy the whole number units. The ETF gives daily dividends in the form of additional units which gets credited to your demat account.
It might happen that while investing you bought 5 units but when you want to exit, you have 5.5 units in your demat account - because you have received dividends worth Rs 500. The fractional units cannot be sold on the exchange via your broker. Till now, in such cases you were required to pursue excessive paper work with your depository.
However, If you are investing in the Reliance Liquid Bees ETF on the smallcases platform, the system will place the sell order for your fractional units directly with the depository and for the whole number part on the exchange through your broker. For the orders placed on the exchange you will receive the money in your broker account instantaneously and for the fractional part you will receive the money in your broker account in two days. You can enjoy the hassle free paperless experience of investing in Reliance Liquid Bees, only on the smallcases platform.