Karvy Stock Broking Limited Mobile App User Manual

Karvy Stock Broking Limited
Mobile App User Manual
1. Introduction
KARVY Mobile Applicationgives the Investor Clients of the Brokerage House the
convenienceofsecureandrealtimeaccesstoquotesandtrading.Theservicesare
speci ically designed to meet the ever-changing needs of the Stock market and
investors.
KARVYMobileApplicationhastwolevelsofpasswordfortheinvestor.Onepassword
calledtheLoginPasswordtoallowtheinvestortologinintothewebsiteandanother
passwordcalledtheTransactionPasswordtoplaceorders.Boththepasswordsare
storedsecurelyandtotallyencrypted.
TheInvestorwouldbeableto
· PlaceOrders
· Modify,CancelOrders
· ViewOrderBook
· ViewTradeBook
· ViewPositionBook
· ViewHoldings
· ViewLimits
· ViewQuotes
· ViewMarketPicture(MBP)
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FeaturesofKARVYMobileApplication
3.1
LoggingintoKARVYMobileApplication
LoginScreen
Theloginscreenisvisiblewhentheuserstartsthemobileapplication.TheValid
Usernamemustbeentered,andtheusershouldclickontheSignInbutton.
Onclicking‘SignIn’Button,Thefollowingloginwindowwillappearwhereuserhas
toenterLoginID&Passwordandcon irmtheImageAuthentication.
ImageAuthentication
During registrations client would need to select from the list of images for
veri ication of sites/serverfor futureloginsandsamewill con irmed during every
loginbyuserasshowninbelowwindow.
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2FAAuthentication
SEBIhasmandated2FAauthenticationforlogin.SEBIcircularnoCIR/MRD/DP/8
/2011.Question based authentication/OTP (one time password) would be
implementedinAPPasa secondfactorofauthentication(2FA)bythesystem.
Brokercanoptforanyoneoftheoption.AsanAuthenticationoftheserverbythe
user,imageswouldbedisplayedasabove.
ChangePassword
Whentheuserlogsinforthe irsttimeorifthepasswordhasexpired,thefollowing
messagepromptwillbedisplayed.
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WhentheuserclicksontheOKbutton,thewindowforresettingtheloginpassword
isdisplayedasfollows.
The user needs to type in the login and transaction old password, the new
password, and con irm the new password in the respective ields provided. On
clicking on the ‘Change’ Button, the password gets reset and the following
con irmationmessagewillbedisplayed.
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PasswordExpiryWarning
ThefollowingPasswordExpiryWarningMessagewillbedisplayed,threedays
beforethepasswordisabouttoexpire.
PasswordPolicy
FollowingisthepasswordpolicyfollowedintheKARVYMobileApplication:
· For encryption of passwords we use 128bit encryption key with a proprietary
logic, also have an option of storing it with 128bit encryption key and AES
Encryptionmethod.
·
ThesystemrequestsanID&passwordforloggingin.
·
Thepasswordisencryptedbeforetransmission.
·
Thepasswordisstoredinanencryptedformatinthedatabase.
·
Changeofpasswordismandatoryforthe irsttimeuser.
·
Changepasswordcannotbethesameasofthelast3passwords.
·
User can not login after THREE consecutive wrong passwords & the user can
loginonlyafterthepasswordisresetbytheadministrator.
·
Thepasswordshouldbeofminimum6characters&maximum 12charactersin
length.
·
ItmustbeAlphanumeric.
·
The password will be checked against the log-in ID. The login ID & password
cannotbethesame.
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·
Spaceisnotavalidcharacterinthepassword.
·
Passwordexpiresautomaticallyafter14tradingdaysforci ngtheusertochoose
anewpassword.
·
Passwordcanbechangedbytheusersatanytimeasperwill.
2.2 HomePage
After the user has successfully logged in, the following home page window gets
displayed,wheretheuserhastheoptiontogetquotes,placeorders,createmarket
watch groups, create an index watch, view order book,Tradebook,Possition book,
holdings,Limits,SetAlerts,Alerthistory,TopN,Indexdetails,Modify2FAquestions,
userdetailsandsoon.
Quotes
The ‘Quotes’ feature enables the user to retrieve real-time quotes on securities. It
displays information such as Last Traded Price, Best Buy Rate and Quantity, Best
SellRateandQuantity,PriceRangeandsoonfortheselectedsecurity.Userhasto
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tap on particular scrip to retrieve below highlighted options (Get quote, MBP,
ContractInfo,DeleteScrip)inmarketwatchwindow.
Getquote
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MBP
The‘MBP’featureenablestheusertoretrieve‘Best5Buy’&Best5Sell’information
onasecurities.
Contract-info
The‘Contract-Info’featureenablestheusertoretrievedetailedinformationsuchas
symbol,series,exchange,issuestartdate,Issuecapital,listngdateandsoonfora
securities.
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DeleteScrip
Thisoptioncanbeusedtodeletescripfrommarketwatch.
MarketWatch
Ø CreateMarketWatch
The user can create a Market Watch of scrips for which he wants to view latest
marketfeedsbyclickingonthe‘AddNew’buttonfromthe‘MarketWatch’window. TheusermustentertheNamefortheMarketWatchthathewantstocreate.
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User must select the desired instruments, Exchange, Series, Enter the Symbol (eg:
ACC),andclickon‘Add ’button.Apop-upmessagewillappeartocon irmthatscrip
havebeenaddedinthemarketwatchgroup(NSE).
Ø SetasDefault
Selectanymarketwatchfrom‘MarketWatch’optionandselectedmarketwatchwill
besetasdefault.
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Ø DeleteMarketWatch
TheusercandeleteanexistingMarketWatchGroupbypressingandholdingthe
requiredmarketwatchtobedeleted.
Trades
Whentheuserclicksonthe‘MarketWatch’buttonintheHomePage,thefollowing
windowappears.
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Intheabove‘MarketWatch’window,theusermustclickonthe‘Buy/Sell’option
underspeci icscrip,fromwherehewillbeabletoplaceorders;hemustclickon
‘OrderBook’option,‘TradeBook’option,‘Positions’optiontoviewhisorderbook,
tradebookandexistingpositions,respectively.
· Buy/SellinNSE
TheuserhastoclickontheBuy/Selloptiontoplaceorders,andthefollowing
windowappears.
Theuserwillbeabletoseeexchangeandsymbolloadedbydefaultanduserneedto
selectRetention(DAYor IOC),Producttype(CNC,MIS,NRML)andtheaction(Buyor
Sell)fromthedropdownprovided,enterthequantitytobebought/sold,selectthe
desiredpricetype (Limit/ Market andsoon), enterthe price (ifit’sa limitorder),
enterthetriggerprice(incaseofstoplossorders),DisclosedQty(ifany)andclickon
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‘Submit’. Onclickingsubmit,Thefollowing‘OrderCon irmation’windowwillappear
showingthedetailsenteredintheBuy/Sellwindow.
After reviewing the order details, the user needs to scroll down in the ‘Order
con irmation’pageandclickon‘Submit’. Onclickingon‘Submit’, Anewwindowwill
appearshowingtheorderdetailsalongwiththeAPPOrderNumber. Onceuserclick
‘OK’,orderstatuscanbeviewedinOrderbook.
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· Buy/SellinNSEFO
ToplaceorderinNSEFO,theusermustselecttheexchangeNSEFOfromthedrop
downandselectdesiredscripandselectBuyorSell.
Once user select ‘Buy or Sell’ option, following window will appear and exchange
andsymbolwillgetloadedbydefaultanduserneedtoselectRetention(DAY, IOCor
COL), Product type(MIS,NRML) and the action (Buy or Sell) from the drop down
provided,enterthequantity(*inlotsize)tobebought/sold,selectthedesiredprice
type(Limit/Marketandsoon),entertheprice(ifit’salimitorder),enterthetrigger
price(incaseofstoplossorders),DisclosedQty(ifany)andclickon‘Submit’. 15
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Onclickingsubmit,thefollowing‘OrderCon irmation’windowwillappearshowing
thedetailsenteredintheBuy/Sellwindow.
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Theusermustclickon‘Submit’afterreviewingthedetails.Oncethe‘Submit’button
isclickedon,theordergetsplaced.Thefollowingwindowappears,displayingthe
orderdetailsalongwiththeAPPOrderNumber. Fromthiswindow,theusercanviewtheorderdetailsandorderstatusbyclicking
on‘OrderBook’. 17
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OrderTypes:
1.
LimitOrder
Alimitorderisanordertobuyorsellasecurityataspeci icprice.Abuylimitorder
can only be executedat the limitpriceor lower, and a selllimitordercan onlybe
executedatthelimitpriceorhigher.
E.g.IfthecurrentmarketpriceofIdeaCellularisRs.75&youwishtoBuyatRs.70
orSellatRs.80,youhavetoplaceaLimitOrder. 2.
MarketOrder
A market orderis an order to buy or sella stock at the current market price. The
advantageofamarketorderisyouarealmostalwaysguaranteedyourorderwillbe
executed.
3.
StopLossLimitOrder
A stop losslimitorderisan ordertobuy a security atno more(orsellat no less)
than a speci ied limit price. This gives the trader some control over the price at
whichthetradeisexecuted,butmaypreventtheorderfrombeingexecuted.Astop
lossbuylimitordercanonlybeexecutedbytheexchangeatthelimitpriceorlower.
Astoplossselllimitordercanonlybeexecutedatthelimitpriceorhigher.
[email protected] expectationthatthe pricewillfall,in
caseofpriceincrease,youcanlimitthelossbyplacingaStopLossBuyorder.Inthe
[email protected]@Rs.155.Assoon
asNTPC'slasttradedpricerisesaboveRs.150,[email protected]
getactivated.
4.
StopLossMarketOrder
Astoplossmarketorderisanordertobuyorsellasecurityatthecurrentmarket
priceprevailingatthetimethestoporderistriggered.Thistypeofstoplossorder
givesthetradernocontroloverthepriceatwhichthetradewillbeexecuted.A sell
stopmarketorderisanordertosellatthebestavailablepriceafterthepricegoes
belowthestopprice.Asellstoppriceisalwaysbelowthecurrentmarketprice.A
buy stop market order is typically used to limit a loss (or to protect an existing
pro it)onashortsale.Abuystoppriceisalwaysabovethecurrentmarketprice. www.karvyonline.com
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OrderBook
Theusercanviewdetailsofalltheordersplacedbyhimbyclickingon‘OrderBook’
inthe‘HomePage’window.FromtheOrderBook,Theusercanvieworderdetails,
modifyorder, cancelopenordersandvieworderhistoryasshowninbelow
window.
OrderDetails
Theusercanselectaparticularorderforwhichherequirestheorderdetails.
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OrderModi ication
Tomodifyanorder,theusermustselectthe‘ModifyOrder’optionfromtheorder
book. The following window appears to enter the new parameters for order
modi ication.
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Thequantityand/orpriceoftheordercanbemodi iedbytheuserbyenteringthe
newdetails.Oncetheusermodifyorderandinputtransactionpasswordandclicks
on ‘Submit’, the following ‘ Order Status’ window appears and Once the user clicks
on‘OK’,themodi iedordercanbeseenin‘OrderBook’ OrderCancellation
To cancel an order, the user must select the required open order that needs to be
cancelled,fromtheorderbookandselect‘cancelorder’. Thefollowing‘Con irmation
Message’ will appear from where the user is required to con irm the order
cancellation.
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Whentheuserclickson‘OK’,theorderwill getcancelled,andthisstatuscanbe
checkedintheOrderBook.
OrderHistory
The user must select ‘Order History’ to view the history of that order, that is, the
userwillbeabletoviewthecurrentstatusaswellasdetailsofeachandeverystep
ofthestatus,suchasOrdernumber,symbol,ordertype,buyorsell,quantityetc.
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TradeBook
Theusercanviewtheentirelistofalltradedordersandtheirdetailsbyclickingon
‘TradeBook’inthe‘Home’window.Theusercanseeexchangewisetradedetailsin
TradeBookWindow.
OrderDetails
The user can view the details of a particular trade by selecting that trade and
clicking on ‘Details’. The details of that traded order will be displayed along with
ExchangeOrderNumber,TradedQuantity,Priceandsoon. 23
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TradeHistory
The user can view the history of a particular trade by selecting that trade and
clickingon‘TradeHistory’. Thefollowingwindowdisplayingthehistoryoftheorder
alongwithprice,quantityandsoon,willappear.
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PositionConvertion
User can also convert his position by selecting ‘ Position Convertion’ option in
Tradebook,whenuserselectthisoption,thefollowingwindowwillappear,where
user can change the product type (like NRML), Transaction type(buy or sell) and
thenclickon‘Submit
Whentheuserclickson‘Submit’,Thefollowing‘Con irmationMessage’willappear.
PositionBook
The user can view his positions by clicking on the ‘Position Book’ button in the
‘Home’ window.Thefollowing window willappear, fromwherethe user canview
day-wiseaswellasnet-wisepositions,byselectingtheappropriateoption.
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To view positions details, the user must select the required position for which he
wants position details and select ‘details’. The ‘Position Detail’ screen displays
Exchange, Symbol, Net Qty, Net Amt, Product type, MtoM, BEP, LTP for every
position.Italsodisplaystheday&net-wisepositions.
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Squareoffisanoptionprovidedtotheusertoliquidatehisexisting position.when
user select ‘Square Off’ option in position book, The following ‘Con irmation
Message’willappearfromwheretheuserisrequiredtocon irmthesquareoff.
When the user clicks on ‘OK’, position will get squared off and following
‘Con irmationMessage’willappearinpositionbookwindow.
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Holdings
Thisoptionallowtheusertoviewhistotalholdingsacrosssecurities.
RiskManagement
Risk Management System can be con igured to have following checks before the
ordersarereleasedtotheexchange.
TradingLimits,Positionlimits,Exposuretakenbyclientbasedonriskassessment,
credit quality and available margins of the client, Quantity Limits, Price Range
Checks,OrderValue,andCreditChecks.
Various categories can be set. According to the category, RMS validates the order.
Accordinglyitsendsaccept/rejectmessage.
Risk Management System can be con igured to have following checks before the
ordersarereleasedtotheexchange.Thecheckswhicharede inedbyexchangew ith
respect to Algorithms are in place in the system. Below mention rules can be
con iguredinthesystemtocontroltheriskparameterwhichisde inedbyexchange.
Sr.No. Checks
Rulestoset
Remarks
1
PriceCheck
1) CheckPrice
Theseruleswillcreateaprice
RangeBasedon
rangeonthebasisofLastTraded
LTP
Pricedasperthepercentageset
2) CheckCircuit
inthecategorywindow.
Limit
2
QuantityCheck
a) OrderQuantity Thisruleswillrestrictperorder
includingSquare thenumberofquantitytobe
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4
5
6
7
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offOrder
b) BoardLot
Quantity
includingSquare
offOrder
OrderValue
includingSquare
offOrder
placedinmarketwhichis
de inedthecategorywindow.
Theusercande inethenumber
ofquantityinWeightsandinlots
forFutures.
OrderValueCheck
Thisrulewillrestrictperorder
theordervaluewhichcanbe
placedinthemarketwhichis
de inedincategorywindow
TradePriceProtection CheckCircuit
Thisruledoesnotallowtoplace
Check
Limitincluding
theorderwhichhasbeenplaced
squareofforder
abovetheHigherCircuitLimitor
Lowercircuitlimitwhichid
de inedforcontract/scripby
exchange
MarketPrice
CheckPriceRange Thisrulewillcreateapricerange
Protection
BasedonLTP
onthebasisofLastTraded
Pricedasperthepercentageset
inthecategorywindow.
CumulativeOpenOrder Pendingorder
ThisrulewillrestricttheOpen
Valuecheck
value
OrderwiththeValuesetinthe
category
AutomatedExecution
TurnoverOrder
Thisrulewillcalculatethevalue
Check
Leveland
ofallexecuted/Unexecutedand
TurnoverOrder
uncon irmordersandifbreach
LevelLimit
thevaluesetincategorythen
furtherorderwillgetrejected
Automaticstoppagein OrderThrottle
Iftherenumberoforderper
eventofAlgoexecution
secondsbreachesthevalue
leadingtoaloopora
whichissetinThrottlethen
runawaysituation.
furtherordergetsrejectedbythe
system.
NetPositionVs.
GrossExposure,
Usercansettheriskparameter
availablemargin
GrossExposure
basedonExposureandMargin
Derivative,Var
basedonwhichthemarginused
MarginOrder
willbecalculatedonthebasisof
Level,Span
positiontaken.IftheMarginused
MarginOrder
isequaltoCashmarginthen
Level
furtherorderwillberejectedby
thesystem
RBIViolationchecks
RestrictedBasket UserneedtocreateaRestricted
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forFII
Restrictedstocks.
orRMSBlocking
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MWPLviolationcheck
RMSBanSymbol
orRMSBlocking
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PositionLimitChecks
ScripGroup/
ScripMargin
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TradingLimitChecks
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ExposureLimitcheck
atindividualclient
levelandatoverall
level
TurnoverOrder
LevelLimit/
GrossExposure
Limit
GrossExposure
andGross
ExposureLimit
basketforthescripandassignto
thecategoryoftheuser/client.
AlsoRMSblockingcanbeused.
Thescripforwhichmarketwide
positionlimitisbreachthenscrip
canbeblockedoritneedstobe
inBan.
Usercande inethequantity
scripwiseinwhichtheposition
canbetakeninscripgroupand
thenitneedstobeassignto
categoryatclientlevel
Usercande inetheTurnoveror
Exposureforaspeci ic
Client/UserorBranch.
Usercande inetheExposureat
BranchLevelaswellasBroker
Level
Alerts
Theusercansetalertsforanindex,scripsorpersonaltradedatabyclickingon‘Set
Alerts’intheMenuunderHomePage.Thefollowing‘SetAlert’windowwillappear,
Iftheuserwishestoreceiveatextmessageforthealert,hemustenterthemobile
phonenumber,andifhewishestoreceiveane-mailalert,hemustenterthee-mail
idforalert.
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Onclickingsubmit,Thefollowing‘SecurityAlert’windowwillappear.Theusermust
selectthe desiredExchange, enterthe seriesandclick on ‘Lookup’.Hemust select
thedesiredsymbol,andselectthealertbasedonoptionfromthedropdown(Last
Traded Price/ Traded volume for the day and so on), select the option for greater
thanorequalto,orlessthanorequaltoandsoon,andenterthevalueforthealert
andclickonsubmit
Onclickingsubmit,Thefollowing‘Con irmationMessage’willappear.
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AlertsHistory
Alerthistorywilldisplaythealertwhichuserhassetwithregardtoanyscrip.Alert
historycanbeinvokedbyselecting‘AlertHistory’ optionunderMenuinHomePage.
ModifyAlert
User can modify alert by selecting ‘Modify Alert’ option in Alert History window,
whereusercanchangemodeofreceivingalert,limit,ValueandSubmit.
Onclickingsubmit,Thefollowing‘Con irmationMessage’willappear.
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Tocancelanalertfromthelist,theusermustselect‘CancelAlert’option.Apop-up
messagewillappearasfollows,tocon irmthecancellationofthealert.
TOPN
Thiswindowshowsthetop10gainer/losersintheexchangesegmentbasedonthe
followingcategory:
a) TradedValue
b) TradedVolume
c) OpenInterestVolume
d) %Change_Prev_Close
e) OpenInterestValue
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ThefollowingbasketwindowshowstheTopGainersamongscrips,basedonTrade
ValueinNSEOpenMarketandusercanselectdifferentoptionsindropdownbased
onhispreference.
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IndexDetails
Theusercanusethe‘IndexDetails’optionbyclickingon‘IndexDetails’undermenu
in‘HomePage’toviewalltheindicesandtheirvalues.
Mypro ile
The user can use the ‘My pro ile option by clicking on ‘My Pro ile under menu in
‘HomePage’toviewuserdetails,modify2FAquestionsandchangepassword
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UserDetails
Thisoption willshow the entiredetailsfor the user like Account Details,Personal
details,ContactDetailsandBankDetailsandsoon.Userpro ilecanbeinvokedby
selecting‘UserPro ile’undermenuinHomePage.
ModifyQuestions
Thisoptionallowtheusertomodify2FAQuestions&Answers.Thiscanbeinvoked
byselecting‘ModifyQuestions’under‘Menu’in‘HomePage’
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ChangePassword
Usercanchangehispasswordbyclickingon‘ChangePassword’underMypro ile
option.
About
Usercanviewversiondetailsbyselectingthisoption
Logoff
Usercanlogofffrommobileappbyselecting‘logoff’optionundermen uinHome
page.Thefollowing‘Con irmationMessage’willappear.
EndofDocument
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