Why Haven’t Bonus Shares Appeared in Your Holdings?

Key Reasons for Delay in Bonus Shares Crediting

1. Eligibility Check:
   • You must hold the shares on or before the ex-date/record date (T+1 settlement cycle). For example, if the record date is April 10, you must purchase the shares by April 9. Purchases on/after April 10 will not qualify.
2. T+2 Crediting Timeline:
   • Bonus shares are typically credited to your Demat Account within T+2 days from the record date.
   • Example: If the record date is April 10, shares should reflect by April 12.
3. Temporary ISIN Hold:
   • Bonus shares are first held under a temporary ISIN (not visible/tradable).
   • After 4–5 days, they are transferred to the permanent ISIN and become tradable.
4. Portfolio P&L Glitch:
   • Until shares are credited, your portfolio may show a temporary drop in P&L due to the adjusted stock price.
   • The P&L corrects automatically once shares are credited.

Why the Stock Price Drops After Bonus Issues

• Price Adjustment: The stock price reduces proportionally to the bonus ratio (e.g., 1:1 bonus halves the price).
• No Value Loss: Your total investment value remains unchanged (lower price x increased shares).

Example: How Bonus Shares Work

• You Hold: 100 shares @ ₹1,000 → Value: ₹1,00,000.
• Bonus Ratio: 1:1 → New Shares: 100 (Total = 200)
• Adjusted Price: ₹500 (₹1,000 ÷ 2)
• New Value: 200 × ₹500 = ₹1,00,000 (no loss)

What If Bonus Shares Still Don’t Appear?

1. Check Eligibility: Confirm you held shares before the ex-date.
2. Wait 4–5 Days: Allow time for ISIN transfer and trading approval.
3. Fractional Shares: Any fractional entitlement is paid as cash to your bank account.

Bonus Shares vs. Stock Splits

• Phone: 0562-4266600 / 0562-7188900
• Email: askus@rmoneyindia.com