Why do bonus shares appear as a separate entry in the portfolio or transaction statement?
Why do bonus shares appear as a separate entry in the portfolio or transaction statement? |
Bonus shares are credited through a corporate action and not through a market purchase. Therefore, they are recorded as a separate corporate action entry in the client's portfolio and transaction statement, while the original purchase transaction remains unchanged. Example:
Note: The separate entry is created for accounting and reporting purposes. It does not represent a new purchase, a separate investment, or an additional cash outflow by the client. View Corporate Action Details → Have a Question? Email Us: customer.care@jainam.in | Call Us: (0261) 6725555 |