Non-Margin Investor’s Discretionary Account (NIDA)
The Non-Margin Investor’s Discretionary Account is a non-discretionary portfolio account where the account holder has no option to avail margin loan facility. The investor operates his or her account at full personal discretion. The Portfolio Manager acts only in accordance with the client’s instructions and ensures all management services required to maintain the account.
Key Features
- Minimum Deposit: BDT 10,000/-
- Margin Loan Facility: Not applicable
- Documentation Fee: BDT 1,000/-
- Interest Rate: Not applicable
- Management Fee: None
Product Comparison
| Particulars | IDA | NIDA | BDA |
|---|---|---|---|
| Minimum Deposit | BDT 25,000/- | BDT 10,000/- | BDT 50,000/- |
| Margin Loan Facility | As per rule | N/A | As per BSEC |
| Documentation Fees | BDT 1,000/- | BDT 1,000/- | BDT 1,000/- |
| Interest Rate | 15.25% – 15.75% | N/A | 13.75% |
| Management Fees | 1% – 1.5% | — | 2.50% |
NIDA is ideal for investors who prefer full control over their capital-market activity and want to trade exclusively with their own funds.